Accountancy Minor

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.

(Or equivalent course – BAAL 20100, BAEG 20100, BASC 20100)

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

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: ACCT 20200

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

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

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,

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

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