Accounting Courses (ACCT)
ACCT 210. Principles of Accounting I
This course prepares the accounting student in the theory and techniques of accounting necessary for the advanced courses and provides a basic introduction to accounting for those students pursuing an accounting degree. Students will be introduced to financial statements and the accounting cycle for a service and merchandise business.
ACCT 211. Principles of Accounting II
This course is a continuation of ACC 210. Students are introduced to the accounting requirements of the partnership and corporate form of business. Topics also include financial statement analysis and the preparation of a cash flow statement.
Prerequisite: ACCT 210
ACCT 215. Personal Finance
This course examines the process of setting and achieving financial goals. Emphasis is placed on personal financial planning, managing investments, and protecting you with insurance, retirement, estate planning, and planned borrowing.
ACCT 225. Micro Computer Applications in Accounting
This course will introduce the student to computerized accounting applications. Students will be instructed in the use of Peachtree for Microsoft Windows, one of the most popular commercial micro-computer accounting packages now in use. A series of sample companies with step-by-step instruction will introduce the features of the software. This course is intended to integrate the knowledge gained in the accounting and computer information systems courses. Bylearning these skills, it is expected that the student will be better prepared to enter the accounting workplace. Emphasis will be placed on computer-based projects.
Prerequisites: ACCT 210, CMIS 225
ACCT 300. Intermediate Accounting I
This course is an in-depth study of accounting concepts and principles. The accounting process, the balance sheet, and income statement are discussed. Certain asset categories are scrutinized.
Prerequisites: ACCT 210-211
ACCT 301. Intermediate Accounting II
As a continuation of Intermediate Accounting I, additional asset categories and equity accounts are discussed in depth. The statement of financial position is explained.
Prerequisite: ACCT 300
ACCT 320. Advanced Accounting
This course presents an in-depth analysis of advanced accounting topics. The student is introduced to partnerships, the consolidation of financial statements, purchase and pooling combinations, the reporting requirements of business segments, branches, estates and trusts. International aspects of accounting are also covered.
Prerequisites: ACCT 210-211
ACCT 330. Cost Accounting I
This course consists of a discussion of cost accounting concepts and objectives, an in-depth study of cost accounting systems and accumulation procedures, and a search into the elements of material, labor and factory overhead costs.
Prerequisites: ACCT 210-211; MATH 103 or MATH 160 or concurrent registration.
ACCT 331. Cost Accounting II
Emphasis is placed on planning and controlling costs and profits. Topics include budgeting standard costs, cost and profit analysis techniques, direct costing and other specialized topics.
Prerequisite: ACCT 330
ACCT 332. Law and The Manager I
This course is designed to acquaint the student with the role of law in society and specifically in business. Areas of study include contracts, personal property, bailment and sales.
Cross-listed: BSMT 330, PAR 331
ACCT 333. Law and The Manager II
This course is designed to acquaint the student with law in the areas of commercial paper, debtors' and creditors' rights, agency, legal forms of organization, real property and estates.
Cross-listed: BSMT 331, PAR 332
ACCT 415. Government and Non-profit Accounting
This course will acquaint the student with accounting theory and principles for non-profit entities, governmental entities, schools and hospitals. The course examines the differences between for-profit and not-for-profit accounting concepts.
Prerequisite: ACCT 210-211
ACCT 450. Income Tax Accounting I
These courses are designed to familiarize the student with the federal income tax laws through lectures and practical problems. They are devoted to an intensive study of the income tax laws as they apply to individuals, partnerships, and corporations.
Prerequisites: ACCT 210, 211
ACCT 451. Income Tax Accounting II
This course is a continuation of ACC 450. The course familiarizes the student with federal income tax laws as they apply to corporations and partnerships.
Prerequisite: ACCT 451
ACCT 470. Auditing
This course is a study of the standards, principles, practices and procedures of auditing. Students are required to integrate and apply prior accounting coursework.
Prerequisites: ACCT 210-211, 300-301
ACCT 475. Fraud Examination
This course reviews strategies and tactics essential to the fraud examination process. Students should have a basic knowledge of accounting. The course guides the student into specialized applied settings, indicative of forensic accounting. Coverage includes: financial statement analysis, interpretation and scrutiny of financial records and documentation, trace techniques, reporting irregularities, fraud examination approaches, legal rules and statutory construction pertinent to accounting practices. Common fraud cases are reviewed such as bankruptcy, insurance, employee/employer reporting, covert examinations, trading practices, and money laundering schemes.
Prerequisites: ACCT 210-211or BSMT 300
ACCT 496. Topics in Accounting
This course will examine topics of special interest in the Accounting field. Topics courses (but not specific courses) may be repeated for a total of 6 hours.
ACCT 499. Senior Seminar in Accounting
This capstone course is designed to assist students in the integration and critical examination of the various concepts, theories, and methods of inquiry presented both in general education and the major. Learning outcomes for both the general education program and the major are reviewed. Course assignments assist students in assessing the degree for which learning outcomes have been mastered. Senior standing is required.
Contact Information Program Director: George Grzesiowski
Telephone: (219) 473-4610
FAX: (219) 473-4610