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Courses

ACCT 260. FINANCIAL ACCOUNTING (Formerly ACCT 261 & ACCT 262)
This course will provide the student with an understanding of how financial accounting information is used in business decision making and its importance as a field of study regardless of major. Basic transaction analysis, journal entries, and T-accounts are used to provide the structure for understanding the interplay between management decisions and the analysis of financial statements. Prerequisites: MATH 105 or 106; MIS 153. A grade of “C” or better in this course is required to proceed to ACCT 264 or 265 or ACCT 270. Corequisite: ACCT 260L. Offered in both Fall and Spring semesters. One semester; three credits

ACCT 260L. FINANCIAL ACCOUNTING LABORATORY
Laboratory experience to illustrate and explain the principles covered In ACCT 260. Corequisite: ACCT 260. Pass/Fail Grading. One semester; zero credits.

ACCT 264 INTERMEDIATE FINANCIAL ACCOUNTING I 
First of a series of three courses containing an in-depth study of Generally Accepted Accounting Principles.  Topics covered include accounting standards and the conceptual framework underlying financial accounting, accounting information systems, the income statement, the balance sheet and the time value of money.  Various pronouncements of the Financial Accounting Standards Board are covered. Prerequisite: ACCT 260. A grade of “C” or better in this course is required to proceed to any other upper level accounting courses. Offered in the Spring semester. One semester; three credits

ACCT 265. INTERMEDIATE ACCOUNTING I (Formerly ACCT 361)
This course provides an in-depth study of accounting theory and records, the reporting process, inventories, tangible and intangible assets, cash and temporary investments, receivable, and long-term investments such as stocks and bonds. Various pronouncements of the Financial Accounting Standards Board are covered. Prerequisite: ACCT 260. A grade of “C” or better in this course is required to proceed to any other upper level accounting courses. Corequisite: ACCT 265L. Offered in the Spring semester. One semester; three credits

ACCT 265L. INTERMEDIATE ACCOUNTING I LABORATORY
Laboratory experience to illustrate and explain the principles covered In ACCT 265. Corequisite: ACCT 265. Pass/Fail Grading. One semester; zero credit

ACCT 270. MANAGERIAL ACCOUNTING (Formerly ACCT 360)
Managerial accounting introduces the student to methods of using accounting information within an organization to plan operations, control activities, and make decisions. Accounting methods covered include cost-volume profit analysis, profit planning, variance analysis and other techniques that aid in decision making and evaluation of business performance. Prerequisite: ACCT 260 with a grade of “C” or better, MATH 105 or 106, MIS 153. Corequisite ACCT 270L. Offered in both Fall and Spring semesters. One semester; three credits

ACCT 270L. Managerial ACCOUNTING LABORATORY
Laboratory experience to illustrate and explain the principles covered In ACCT 270. Corequisite: ACCT 270. Pass/Fail Grading. One semester; zero credits.

ACCT 312. ACCOUNTING SYSTEMS (Formerly ACCT 410)
Principles underlying establishment of complete accounting systems; application to typical business organizations; emphasis on the functions of control and protection. Prerequisite: ACCT 364 or 365 with a grade of “C” or better. Offered in the Spring semester. One semester; three credits. 

ACCT 319. COST ACCOUNTING
The course is designed to provide in-depth coverage of cost accounting concepts, objectives, and accumulation and reporting procedures. Particular attention is given to material, labor and overhead costs in job order and process cost accumulation systems. The importance of cost accounting as a management tool in planning, controlling, and analysis is emphasized throughout the course. Prerequisite: ACCT 264 or 265 with a grade of “C” or better. Offered in the Fall semester. One semester; three credits

ACCT 364. INTERMEDIATE FINANCIAL ACCOUNTING II 
Second of a series of three courses containing an in-depth study of Generally Accepted Accounting Principles.  Topics covered include cash and receivables, inventories, property plant and equipment, depreciation, intangible assets, current and long-term liabilities and stockholders’ equity. Various pronouncements of the Financial Accounting Standards Board are covered. Prerequisite: ACCT 264 with a grade of “C” or better. A grade of “C” or better in this course is required to proceed to any other upper level accounting courses. Offered in the Fall semester. One semester; three credits

ACCT 365. INTERMEDIATE ACCOUNTING II (Formerly ACCT 362)
Coverage of corporate accounting is continued; accounting for bonds; special purpose funds; correction of prior periods, special problems of income determinations, comparative statements, ratio analysis, statement of cash flows. Various pronouncements of the Financial Accounting Standards Board are covered. Prerequisite: ACCT 265. A grade of “C” or better in this course is required to proceed to ACCT 312 or any 400 level accounting courses. One semester; three credits

ACCT 366. INTERMEDIATE FINANCIAL ACCOUNTING III
Third of a series of three courses containing an in-depth study of Generally Accepted Accounting Principles. Topics covered include earnings per share, investments, revenue recognition, accounting for income tax, pensions and leases, accounting changes and the cash flow statement. Various pronouncements of the Financial Accounting Standards Board are covered. Prerequisite: ACCT 364 with a grade of “C” or better. A grade of “C” or better in this course is required to proceed to ACCT 312 or any 400 level accounting course. Offered in the Spring semester. One semester; three credits

ACCT 385. FRAUD EXAMINATION
This course gives a comprehensive view of the growing significance of fraud in today’s business world. This course will examine the nature of fraud, the types of fraud, recent developments in fraud, and the victims of fraud. Students will learn to perform an analysis of fraud using specialized software. Prerequisite: Must be a Business Major. Grade of “C” or better in ACCT 260 and ACCT 270. Junior standing.

ACCT 400. ACCOUNTING INTERNSHIP (Formerly BUS 400)
Under the supervision of a faculty member from the appropriate department, students in the School of Business, after receiving the approval of the faculty, are placed in the offices of cooperating firms to receive on-the-job training under the supervision of members of the firm. Credit is granted upon acceptance of periodic reports and a final summary report of work done verified by the authorized supervisor and the instructor. Pass/Fail Grading. One semester; three credits

ACCT 412. AUDITING (Formerly ACCT 405)
This course is an introduction to the auditing profession. Particular attention is given to the Generally Accepted Auditing Standards, audit reports, ethical and legal responsibilities, evidence, audit risk and materiality, internal control, audit programs and the overall audit plan. The auditor’s decision-making process is emphasized throughout the course. Prerequisite: ACCT 312 and ACCT 366 with a grade of “C” or better. Offered in the Fall semester. One semester; three credits

ACCT 430. FEDERAL INCOME TAXATION I (Formerly ACCT 321)
This course introduces the student to the current Income Tax Code and the effect the Internal Revenue Service and the courts have had on the evolution of Federal tax law. Application of the Federal Income Tax to individuals, and the determination of their tax liability is explained. Basic tax research is introduced through the use of various tax services, court decisions, and regulations. This research is considered a prerequisite for success in tax practice. Principles and procedures of sound tax planning are introduced. Prerequisite: ACCT 365 or 366 with a grade of “C” or better. Offered in the Fall semester. One semester; three credits

ACCT 431. FEDERAL INCOME TAXATION II (Formerly ACCT 322)
This course is a follow-on course with more advanced tax areas such as gain and loss determination, net operating loss concepts, and other topics. The application of the Internal Revenue Code to partnerships and corporations and the development of their tax reporting are introduced. Tax research, as it applies to advanced tax topics, and further discussion of sound tax planning are continued. Prerequisite: ACCT 430. Offered in the Spring semester. One semester; three credits

ACCT 460-464. SPECIAL TOPICS IN ACCOUNTING.
Each course is designed to permit intensive study into topics of special interest and timeliness in the area of Accounting. Offered as needed. One semester; three credits

ACCT 465. ADVANCED ACCOUNTING I (Formerly ACCT 375 and ACCT 423)
Advanced Accounting I is a continuation of Intermediate Accounting in that it further explores financial accounting topics with an emphasis on consolidated financial statements. Coverage also includes accounting for branch offices and partnerships. Prerequisite: ACCT 365 or 366 with a grade of “C” or better. Offered in the Fall semester. One semester; three credits

ACCT 475.  GOVERNMENTAL ACCOUNTING (Formerly Advanced Accounting II)
This course examines the procedures used by government units, particularly municipalities and not-for-profit entities. Emphasis in the course is on budgetary and fund accounts. Prerequisites: ACCT 465 with a grade of “C” or better. Offered in the Spring semester. One semester; three credits

ACCT 480. FINANCIAL STATEMENT ANALYSIS
This course is a review of financial statements for fairness and completeness in reporting. The focus is on the analysis of financial statements and related footnotes from the standpoint of the different users of financial reports. Required of all Accounting majors. Open to any interested student. Prerequisite: ACCT 260 with a grade of “C” or better and FIN 327 with a grade of “C” or better. Offered in the Spring semester. One semester; three credits

ACCT 485. FORENSIC ACCOUNTING
This course gives a comprehensive view of forensic accounting includeing both civil and criminal accounting fraud related activities. This course will explore false business valuations, employer fraud, information security fraud, and counter-terrorism. Prerequisite: ACCT 412. Offered in the Spring semester. One semester; three credits.

ACCT 490. PROFESSIONAL ACCOUNTING ETHICS
This course provides the student with an understanding of, and an appreciation for, the various ethics requirements of the accounting profession. Specific attention is given to the Code of Ethics of the AICPA, the IMA, and the FEI. Students will also understand the ethics requirements for certification by the State Boards of Accountancy. Prerequisites:  ACCT 365 or 366 with a grade of “C” or better and PHIL 220. Offered in the Fall semester. One semester; three credits

ACCT 491 INTERNATIONAL FINANCIAL REPORTING STANDARDS
Similarities and differences between GAAP and International Financial Reporting Standards (IFRS); international issues related to taxation and financial statement analysis. Prerequisite: ACCT 412. Offered in the Spring semester. One semester; three credits. 

ACCT 499. ACCOUNTING COMPREHENSIVE EXAMINATION
Seniors will be required to take a comprehensive examination in all areas of accounting before graduation. The examination date will be announced. A passing score is required for graduation. Prerequisite: Permission of Dean of the School of Business. Pass/Fail Grading. One semester, zero credits. 

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