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.)
This course deals with the accounting process used to measure and report economic events. The primary goals are: to understand the role financial reporting plays in providing decision useful information; to understand the economics underlying common business transactions and to learn the Generally Accepted Accounting Principles (GAAP) that set the reporting and disclosure requirements for those transactions; to evaluate the efficacy of GAAP; and to understand the motivations that lead managers to select one accounting principle over another.
Prerequisite: FIN 20150, ACCT 20200
ACCT 30120 ACCOUNTING MEASUREMENT AND DISCLOSURE II (3 CREDIT HRS.)
Continues the study of financial accounting. Topics include accounting for income taxes, leases, stock-based compensation, pension plans, and equity investments including passive investments, equity method investments, and consolidated reporting for majority-owned operations. Contractual and economic issues, contemporary developments, and financial disclosures are integral parts of each topical discussion. The course is designed to strengthen the technical, communication, and critical thinking skills required to succeed in accounting-related careers.
Prerequisite: ACCT 30110
ACCT 30210 STRATEGIC COST MANAGEMENT (3 CREDIT HRS.)
A30210 at the University of Notre Dame is the second of a two-course sequence that addresses cost and management accounting. It is a required course for accounting majors that builds on and reinforces concepts from the first course, Accounting and Accountancy II (A20200). This course is designed to help students become discriminating producers and users of strategic cost accounting information for decision making. This course demonstrates how cost management analysts can add value to their organizations by providing recommendations to improve profitability of products, services and customers. The course also focuses on measuring causes or drivers of costs, and making managerial recommendations about capacity and processes.
Prerequisite: ACCT 20200
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 rational 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.
Prerequisite: ACCT 20200
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.)
The purpose of this course is to introduce the student to accounting issues and tools relevant for a business engaged in international operations. The course is centered on accounting aspects of a U.S. firm doing business abroad. In the process, U.S. accounting and reporting features are compared and contrasted against those of other countries. Topics covered in the course include the study of international financial reporting standards (IFRS) and their comparison to US GAAP, foreign currency transactions and hedging, translation of foreign currency financial statements, taxation of foreign earned income for US expatriates and US corporations, international transfer prices, performance evaluation of foreign business units, international auditing, corporate governance and the US Foreign Corrupt Practices Act.
Prerequisite: ACCT 20200
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.