Department of Business and Economics

Course Descriptions

Accounting (ACCT)

To view the complete schedule of courses for
each semester, go to Cardinal Station.

ACCT 305: Introductory Accounting

3.00 Credits

Designed for both users and producers of accounting data. Balanced coverage of procedures used to prepare financial statements, the measurement theories underlying the procedures, and the economic environment in which accounting operates. Analysis of financial statement information. Minimal focus on bookkeeping techniques, but includes adequate conceptual preparation in accounting processes for students intending to take additional courses. Also see Enrollment Requirements.

ACCT 306: Introductory Managerial Accounting

3.00 Credits

Use of accounting data by financial managers in the planning and control of organizational activities. Provides a framework to develop the methodology of managerial accounting as an integral tool of managerial decision making in a contemporary business environment. Topics include cost concepts, profit planning, budget decision techniques, planning pricing decisions, inventory control, and quantitative decision techniques. Also see Enrollment Requirements.

ACCT 409: Cost Accounting

3.00 Credits

Cost accounting systems and cost allocation problems, analysis of differential costs for decision making, use of standard cost and flexible budgets for performance evaluation. Also addressed: long-term decisions and capital budgeting methods. Also see Enrollment Requirements.

ACCT 410: Intermediate Accounting I

3.00 Credits

After reviewing the accounting cycle, concentrates on the valuation and accounting of tangible and intangible assets like receivables, inventories, fixed assets, and goodwill patents. The concepts of present value and discounting are introduced and used in valuation of assets. Also see Enrollment Requirements.

ACCT 411: Intermediate Accounting II

3.00 Credits

A complementary course to ACCT 410. Considers in-depth accounting of current and long-term liabilities, leases, pensions and post-retirement benefits, deferred taxes, stockholders equity and earnings-per-share calculations. Extensive use of present value and discounting concepts. Also see Enrollment Requirements.

ACCT 412: Auditing

3.00 Credits

History of auditing, description of professional certified public accounting (C.P.A.) approach to auditing the modern corporate enterprise. The auditing methods taught are those established to concur with the generally accepted auditing standards promulgated by the American Institute of Certified Public Accountants. Student learns how to give professional opinions concerning the financial condition and the operations of commercial enterprises. Also see Enrollment Requirements.

ACCT 417: Government and Non-Profit Accounting

3.00 Credits

no description available

ACCT 418: Advanced Accounting

3.00 Credits

Primary emphasis is on accounting for corporate acquisitions and consolidations, with substantial discussion of accounting for partnerships and an overview of accounting for governmental and not-for-profit organizations. Also covered: interim financial reporting and segmental reporting. Blends theory and practice. Discusses the theory behind procedures and identifies the GAAP in current use. Also see Enrollment Requirements.

ACCT 419: Federal Taxation I

3.00 Credits

A study and analysis of federal income taxation of individuals. Topics involve gross income, deductions and losses, special tax computation methods and tax credits and property transactions with emphasis on nature of gain or loss, basis, capital gains and losses and recapture provisions. Stresses tax planning; a comprehensive tax return problem provides exposure to tax preparation requirements. Also see Enrollment Requirements.

ACCT 420: Corporate Tax Accounting

3.00 Credits

A study and analysis of the federal income taxation consequences to partnerships, corporations, and shareholders. Federal estate and gift taxes also addressed. Topics include capital structure, distributions, liquidations and reorganizations of corporations, Sub-chapter S corporations and special corporate problems. Partnership formation operation, distributions and transfers. The inter-relationship between the gift and estate tax provision. Also see Enrollment Requirements.

ACCT 430: Forensic Accounting

3.00 Credits

no description available

ACCT 475: International Accounting

3.00 Credits

FASB standards of accounting translation for foreign currency transactions and investment, comparative analysis of accounting standards and procedures for Common Market, Commonwealth, Japan and Third World nations, and standards issued by IASC. Readings supplemented by study of cases and solution of problems. Also see Enrollment Requirements.

ACCT 494: Contemporary Accounting Issues

3.00 Credits

Considers accounting for investments, revenue recognition, statement of cash flows, basic financial statement analysis, accounting changes and error analysis, full disclosure in financial reporting and other important contemporary accounting issues. Case studies and computer applications. Senior status with all core courses completed.

ACCT 500: Internship

3.00 Credits

Student works as an intern (part-time, with or without pay) with a local firm or government agency, gaining on-the-job experience in a field related to the student's academic pursuit. Performance evaluated on basis of periodic reports from supervisor and submission of a term paper, the subject matter of which is preapproved by the academic adviser.

ACCT 502: Accounting for Managers

3.00 Credits

The purpose of this course is to familiarize non-accounting and non-business majors with the basic principles and issues of contemporary financial accounting and managerial accounting. The course presents the ideas and information essential to an understanding of financial accounting and managerial accounting in a nontechnical format, and takes the typically mundane subjects of accounting and business finance to make them something students can easily learn, understand, remember and use. Key topics covered include accounting cycle, assets, liabilities, equity, income, financial statement interpretation and analysis, profit planning, budgeting, and decision-making. Business majors will not receive credit for this course.

ACCT 517: Government and Non-Profit Accounting

3.00 Credits

no description available

ACCT 518: Advanced Accounting

3.00 Credits

Primary emphasis is on accounting for corporate acquisitions and consolidations, with substantial discussion of accounting for partnerships and an overview of accounting for governmental and not-for-profit organizations. Also covered: interim financial reporting and segmental reporting. Blends theory and practice. Discusses the theory behind procedures and identifies the GAAP in current use. Also see Enrollment Requirements.

ACCT 519: Federal Taxation I

3.00 Credits

A study and analysis of federal income taxation of individuals. Topics involve gross income, deductions and losses, special tax computation methods and tax credits and property transactions with emphasis on nature of gain or loss, basis, capital gains and losses and recapture provisions. Stresses tax planning; a comprehensive tax return problem provides exposure to tax preparation requirements. Also see Enrollment Requirements.

ACCT 525: Accounting & Budgeting Systems

3.00 Credits

Introduction to development of accounting and budgeting information systems based on quantitative data processing. Discusses accounting systems theory including analysis, design, installation and implementation. Also considered are applications of accounting systems to areas such as cash management and inventory management. Also see Enrollment Requirements.

ACCT 530: Forensic Accounting

3.00 Credits

no description available

ACCT 575: International Accounting

3.00 Credits

FASB standards of accounting translation for foreign currency transactions and investment, comparative analysis of accounting standards and procedures for Common Market, Commonwealth, Japan and Third World nations, and standards issued by IASC. Readings supplemented by study of cases and solution of problems. Also see Enrollment Requirements.

ACCT 595: Independent Study

3.00 Credits

no description available

ACCT 604: Advanced Corporate Accounting

3.00 Credits

Focuses on the issues, concepts, standards and stakeholder interests that have led to current financial accounting standards. Emphasizes using actual cases to show how difficult and controversial applications of accounting theory and generally accepted accounting principles can be to actual business situations. Also see Enrollment Requirements.

ACCT 609: Advanced Cost Accounting

3.00 Credits

Begins with a review of cost-volume-profit analysis followed by other analytical tools such as linear programming and regression analysis. Discusses traditional cost-control measures including variance analysis and cost allocations. Addresses rising issues in a contemporary manufacturing environment--just in time system, quality control, computerized manufacturing systems. Readings supplemented by study of cases from management accounting practice. Also see Enrollment Requirements.

ACCT 611: Advanced Auditing

3.00 Credits

An examination and in-depth study of special auditing topics such as statistical sampling, professional ethics, EDP auditing, legal liability and SEC accounting. Also see Enrollment Requirements.

ACCT 615: Accounting Theory

3.00 Credits

A theoretical evaluation of the objectives and standards of financial reporting as applied in contemporary income determination and assets and equity valuation. Emphasizes areas of theoretical controversy. Also see Enrollment Requirements.

ACCT 650: Graduate Seminar

3.00 Credits

An ongoing confrontation between the student and contemporary accounting problems. Designed so that the student may interpret, analyze, evaluate, and draw equitable conclusions about, and develop a superior perspective on, both the theoretical and practical accounting environment within contemporary constructs. Viewed as a culmination of the master's program in accounting.