Undergraduate Accountancy Courses
ACCT 20100 ACCOUNTANCY I (3 CREDIT HRS.)
An introduction to financial accounting and the accounting profession with an emphasis on the decision-usefulness of accounting information. The course stresses the relation of accounting to economic activity, organizing information for decision-making, the resource acquisition decision, the uses of cash and non-cash resources, the accounting for selling and manufacturing activities, and the information needs of multiple owners, lenders, and equity holders. A prerequisite of all accountancy and finance courses. Ordinarily taken by business sophomores in the fall. Also offered to non-business students. Recommended University elective.
ACCT 20200 ACCOUNTANCY II (3 CREDIT HRS.)
A continuation of the introduction to accounting, with an emphasis on the use of accounting information and analysis for management decision and control. The purpose of the course is the learning of accounting techniques such as budget preparation, cost-volume-profit analysis, variable costing, contribution margins, relevant costing, performance evaluation of business units, transfer pricing and responsibility accounting for the planning, decision making and management control inside an organization. To complete a general knowledge of accounting and its usefulness in financial reporting and control the course also includes an introduction to auditing, attestation, corporate governance and the impact of Sarbanes Oxley Act on business organizations, plus an introduction to US taxation for individuals and corporations.
Prerequisite: ACCT 20100
ACCT 30100 CORPORATE FINANCIAL REPORTING [FINANCE MAJOR REQUIREMENT] (3 CREDIT HRS.)
This one-semester course is designed for finance majors and others who wish to develop an advanced knowledge of financial reporting in the corporate environment. The course covers financial statement preparation and analyses with a focus on understanding financial accounting information from a user perspective. NOTE: FINANCE MAJORS WISHING TO SIT FOR THE CPA EXAM, PURSUE A MASTERS DEGREE IN ACCOUNTANCY, OR TAKE ADDITIONAL UPPER LEVEL ACCOUNTING COURSES MUST ENROLL IN ACCT 30110 INSTEAD.
Prerequisite: FIN 20150, ACCT 20200
ACCT 30110 ACCOUNTING MEASUREMENT AND DISCLOSURE I (3 CREDIT HRS.)
Fair and transparent information about business enterprises is essential to the effective functioning of capital markets and the fairness of resource distribution across society. Accounting Measurement & Disclosure I provides an in-depth examination of how accounting provides decision-useful information to improve business decisions and cultivate a prosperous society. The primary goals are to understand the role financial accounting plays in providing useful information about the underlying economics of business transactions, to understand the principles that shape financial reporting and disclosure practices, and to evaluate the motivations that lead managers to select one accounting principle over another. The course illustrates these issues through coverage of the economics and accounting related to revenue recognition, cash flows, receivables, inventory, long-lived assets, liabilities, and other financial statement elements. Further, the course develops accounting research skills through written case assignments that require students to analyze and apply the Accounting Standards Codification to complex accounting issues.
ACCT 30120 ACCOUNTING MEASUREMENT AND DISCLOSURE II (3 CREDIT HRS.)
Accounting Measurement & Disclosure II continues the examination of how financial reporting provides decision-useful information to help cultivate a prosperous society. By focusing on the interrelationships among the financial statements and note disclosures, the course significantly enhances the students’ ability to analyze financial reports. The course explains the economic and accounting issues related to income taxes, leasing arrangements, share-based compensation, retirement plans, debt securities, passive and active equity investments, foreign currency transactions, business segments, and earnings per share. In addition, the course makes extensive use of cases tied to real companies and explores recent developments in regulation and business. The course is designed to strengthen technical, communication, and critical thinking skills required to succeed in accounting-related careers.
ACCT 30210 STRATEGIC COST MANAGEMENT (3 CREDIT HRS.)
ACCT 30210 is the second of a two-course, six credit-hour sequence that addresses cost and management accounting. The first course, Accounting and Accountancy II (ACCT 20200) introduces managerial concepts and how to use them for classifying and measuring costs, planning, and decision-making. ACCT 30210 builds on and reinforces concepts from the introductory course with applications in accounting and strategic cost management settings. The course is designed to help students become discriminating producers and users of strategic cost accounting information for decision making. The course demonstrates how cost analysts can add value to, and help their organizations meet their strategic goals by proactively managing costs rather than passively measuring costs, and by measuring causes or drivers of costs. The course also includes an in-depth discussion of non-financial measures of environmental performance. Students will learn about the link between environmental performance measures typically used by firms and managerial evaluation and compensation.
ACCT 30280 DATA ANALYTICS IN ACCOUNTING (3 CREDIT HRS.)
This course builds on the statistical and spreadsheet foundation established in prerequisite courses by examining applications in accounting decision-making settings. To further problem-solving skills, Microsoft Excel and other add-ins are used to formulate and solve problems. The course is intended to enhance students’ abilities to identify relevant information, to structure decision models, and to find optimal solutions in settings involving issues of uncertainty, risk, and multiple objectives.
Prerequisite: ACCT 20200, BAMG 20100
ACCT 30750 ETHICS IN ACCOUNTING* (1 CREDIT HR.)
This course examines a range of ethical issues associated with the major areas of accounting including auditing, tax and managerial / financial accounting. Furthermore, the ethical theories that underpin decision making in accounting are applied as well as the dimensions of professionalism in the field. A combination of case analyses, issue paper, exam, and classroom discussion are used to evaluate students' learning.
Prerequisite: BAET 20300
ACCT 40510 AUDIT AND ASSURANCE SERVICES (3 CREDIT HRS.)
The study of an independent accountant's assurance, attestation, and audit services. Topics include evidence, risk, standards, control, reports, liability, and ethics.
Prerequisite: ACCT 30110 and senior standing
ACCT 40610 FEDERAL TAXATION (3 CREDIT HRS.)
This course is intended to help students acquire a broad perspective of taxation that is relevant for current as well as future tax regimes. The basic federal income tax provisions applicable to individuals, sole proprietorships, corporations, and small business firms are covered in this course, which emphasizes their rationale and significance in business and investment decision making. The course is an integrated blend of tax law, tax planning, tax research, accounting, economics, and finance. Specific topics include: gross income; business and individual deductions; business and individual tax credits; losses and loss limitations; issues concerning property transactions such as basis, gain and loss, nontaxable exchanges, capital gains and losses, section 1231, and recapture provisions; self-employment tax considerations; and capital structure.
ACCT 40660 TAX ASSISTANCE PROGRAM (2 CREDIT HRS.)
Preparation of federal and state income tax returns for low-income individuals.
Prerequisite: ACCT 40610
ACCT 40710 BUSINESS LAW: PROPERTY AND NEGOTIABLE INSTRUMENTS (3 CREDIT HRS.)
This course involves the application of the following legal topics to business situations: organization structures and entity selection, secured transactions and creditor rights, commercial paper / negotiable instruments, real and personal property, real estate, and a general overview of estate and trust law. Highly recommended for students planning to sit for the CPA exam.
Prerequisite: BALW 20150
ACCT 40810 INTERNATIONAL ACCOUNTING (3 CREDIT HRS.)
This course provides the student with an understanding of the principles and application issues associated with International Financial Reporting Standards (IFRS). IFRS is mandated or allowed in the preponderance of major capital markets for listed or public interest entities. In the USA, IFRS can be utilized by SEC foreign private issuers (i.e., not U.S. domestic companies), but is not allowed for U.S. domestic issuers. The course builds on the students’ knowledge gained in Accountancy 30110 and 30120 (M & D I and II) by focusing on the major differences between IFRS and U.S. GAAP in the most significant accounting disclosure areas. The course has been designed to cover topics included in M & D II later in the semester so that students taking M & D II concurrently with this class will have first been exposed to the U.S. GAAP concepts. The course also addresses public policy issues associated with shifting to IFRS for U.S. domestic companies. Prerequisites: ACCT 20200 and (ACCT 30120* or ACCT 34120) *Indicates classes which can be taken concurrently
ACCT 40870 ACCOUNTING LYCEUM [COURSE OFFERED AS AVAILABILITY PERMITS] (1 CREDIT HR.)
This is a very practical course with the content provided by top-level executives, who will discuss various aspects of the business and accounting environment with which they are familiar. Students are expected to participate in discussions.
Prerequisite: Accountancy junior or senior
BALW20150 BUSINESS LAW: CONTRACTS AND AGENCY (3 CREDIT HRS.)
Students taking this course will gain an understanding of the American legal system and learn fundamental rules of law, particularly of torts, contracts, sales, and agency. Students will develop an appreciation of how law affects business decision-making, of competing policy concerns underlying the law, and of ethical dimensions of legal issues and business situations. Required for all BA students.