Courses in Accounting
B ACC 211 Financial Accounting (3)
A thorough introduction to basic financial statements including the balance sheet, income statement, and statement of cash flows, and to the principles underlying their construction. Tools of analysis are introduced to help the student evaluate the ability of financial statements to reveal the underlying economic values of the entities they describe. Generally accepted principles of financial accounting are critically examined in light of their ability to reflect the economic values of assets, liabilities, and equities. Not open to freshmen. Intended accounting and business majors should enroll in B ACC 211 in the first semester of their sophomore year. Offered fall semester only.
B ACC 222 Cost Accounting Systems For Managerial Decisions (3)
This course will provide an introduction to management accounting, emphasis will be on how managers use financial and non-financial information in the decision making process. Topics include activity based costing, budgeting, cost concepts and analysis, cost-volume-profit relationships, performance measurements and evaluation. Prerequisite(s): B ACC 211. Offered spring semester only.
B ACC 311 Financial Accounting Theory I (3)
General theory and concepts of financial accounting and the generally accepted principles as applied to assets, liabilities, and related income items. Exposure to related official financial accounting pronouncements. Prerequisite(s): B ACC 211 or equivalent.
B ACC 312 Financial Accounting Theory II (3)
Continues the in-depth examination (begun in B ACC 311) of the Generally Accepted Accounting Principles guiding the preparation of corporate financial statements. The topics addressed include advanced issues in accounting for Stockholder’s Equity, the calculation and disclosure of earnings per share, investments, revenue recognition issues, accounting for income taxes, pensions, leases, and the accounting for and disclosure of accounting changes. Prerequisite(s): B ACC 311.
B ACC 313 Financial Statement Analysis (3)
Intensive course in the analysis of financial statements. Topics include, but are not limited to, revenue and expense recognition, the validity of various measures of profit, footnote disclosures, pro forma financial statements, and valuation of balance sheet components. A study of ratio analysis considers the impact of different accounting conventions. Emphasis is on the relevance of financial statements for key stakeholders. Prerequisite(s): B ACC 211 and 222 and open only to students whose concentration is Financial Analysis.
B ACC 331 Cost Management Systems (3)
Emphasizes contemporary developments in cost and management accounting. Topics include activity based costing, target costing, life-cycle costing, in addition to the traditional topics of job-order costing, absorption costing, and variable costing. Also focuses on business processes as it relates to supply chain management and quality management. Prerequisite(s): B ACC 222, B ITM 215 or I CSI 101, A MAT 108 or B ITM 220. Offered spring semester only. May not be offered in 2010-2011.
B ACC 381 Financial Information Systems (3)
Analyzing, designing, implementing, and evaluating computer-based and non-computer-based financial information systems. Blending and combining accounting, computers, information, management and organization, and the systems approach to a unified body of knowledge and practice. Prerequisite(s): B ACC 222 and B ITM 215, or equivalent. Offered fall semester only.
B ACC 411 Financial Accounting Theory III (3)
Examination of generally accepted accounting principles as applied to entities and in respect to financial reporting disclosures. Topics include consolidations, partnership accounting, and accounting for governmental and nonprofit entities. Emphasizes the official financial accounting pronouncements. Prerequisite(s): B ACC 312.
B ACC 422 Statistical Applications in Accounting and Auditing (3)
Introduces decision theory and statistical sampling techniques. Applies these techniques to selected topics in managerial accounting and auditing. Prerequisite(s): B ACC 311 and 331. Offered fall semester only. May not be offered in 2010-2011.
B ACC 440 Survey of Taxation (3)
This course is a comprehensive introduction to the federal income tax system as it relates to individuals. It provides a conceptual approach to a wide array of tax topics including gross income, deductions and exclusions, gains and losses, depreciation, like-kind exchanges, alternative minimum tax, self-employment tax, and credits. Prerequisite(s): B ACC 211 or 6 credits of principles of accounting.
B ACC 441 Income Tax Accounting I (3)
Concepts of taxation and of taxable income. Interpretation and application of present tax laws as they pertain to taxpayers. Tax savings and planning. Prerequisite(s): B ACC 211 and senior standing. May not be offered in 2010-2011.
B ACC 442 Income Tax Accounting II (3)
Theory and practice of taxation as applied to partnership, corporate entities, and fiduciaries. Prerequisite(s): B ACC 441. May not be offered after Fall 2008.
B ACC 461 Auditing (3)
Fundamental analysis of auditing and its contribution to financial reporting, with primary emphasis upon the independent public accountant’s attest function. Application of audit tools; e.g., systems flowcharting, statistical sampling, and EDP, integrated with the coverage of audit working papers. Study of specific industry risks. Analyzes problems of legal liability. Emphasis on business communications with research papers and group presentations. Prerequisite(s): B ACC 311.
B ACC 495 Independent Study in Accounting (3)
Individual study plan in a selected area as approved by the instructor and the department chair in conference with the student. Written and oral progress reports required. May not be repeated for credit. Not useable in the degree program or major. Prerequisite(s): open only to qualified senior accounting students in the School of Business. An application must be filed through the Office of Student Services in BA 361A.
