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Accountancy (AC)
201 202. ACCOUNTING PRINCIPLES 3 cr. each Prerequisites:
BI 106 and sophomore standing. Elements of accounting theory, covering
revenues, expenses, assets, and liabilities; account classification; analysis
and recording of transactions; sources of accounting data; corporation
accounting; theory of accounting valuations; preparation of financial
statements; manufacturing cost flows and analysis.
211. ANALYSIS OF ACCOUNTING INFORMATION 3 cr. Prerequisites:
AC 201 and sophomore standing. Terminal course for students desiring a
single year of accounting. Emphasis on the user perspective, including
the analysis and classification of assets, liabilities, and net worth;
measurement of income; preparation and interpretation of financial statements;
problems in control of costs; break even analysis; and return on investment.
303 304. INTERMEDIATE ACCOUNTING 3 cr. each Prerequisites:
for AC 303, minimum grade of C in AC 202; for AC 304, minimum grade of
C in AC 303. Advanced problems of corporate accounting; theory and problems
of asset and liability valuation, cash flow, and application of funds.
310. ACCOUNTING FOR FINANCE MAJORS 3 cr. Prerequisites:
AC 201 202. Finance majors may take this course or the AC 303 304 sequence
to fulfill accounting requirements. Advanced problems of financial reporting
by corporations, including the conceptual framework of financial reporting;
the establishment of reporting standards; techniques of data accumulation
and preparation of financial statements; and applications of accounting
principles.
312. COST ANALYSIS AND BUDGETARY CONTROL 3 cr. Prerequisite:
minimum grade of C in AC 303. Distinction between managerial and financial
accounting. Cost terminology, costing methods for different types of manufacturing
processes, static and flexible budgets using standard costs for planning
and control of operations; cost and profit analysis to support decision-making;
ethical and behavioral considerations for the management accountant.
321. FEDERAL TAXES I 3 cr. Prerequisite: minimum grade
of C in AC 303. Theory of the income tax. Historical review of tax development,
effect of statute regulations and the courts; determination of the elements
of taxable income and computation of tax and tax credit for individuals.
Emphasis on theory of taxation; preparation of returns used to illustrate
theory.
341. ACCOUNTING INFORMATION SYSTEMS 3 cr. Prerequisites:
BI 300 and minimum grade of C in AC 303. Introduction to, analysis and
understanding of the role of accounting information systems in business
organizations. Operation and evaluation of manual and computerized accounting
systems.
405. SEMINAR IN ACCOUNTING 3 cr. Prerequisites: minimum
grade of C in AC 304 and/or as announced. Contemporary issues in accounting
not covered in depth in other departmental courses. Specific topics, methods
of presentation, and student requirements will be designated by the seminar
leader.
422. FEDERAL TAXES II 3 cr. Prerequisite: AC 321 and
minimum grade of C in AC 304. Designed to acquaint students with reporting
of taxpaying entities other than individuals. These include corporations,
partnerships, estates and trusts. The course also includes a review of
tax research techniques and property transactions.
431. AUDITING 3 cr. Prerequisite: AC 341 and minimum
grade of C in AC 304. Auditing standards, ethics, audit reports, accountants’
legal liability, and audit concepts and procedures. Major emphasis is
on public accounting and financial auditing, but coverage is extended
to the field of internal auditing and operational auditing.
481. ADVANCED FINANCIAL ACCOUNTING 3 cr. Prerequisite:
minimum grade of C in AC 304. Advanced problems in accounting not covered
in AC 304, including business combinations and financial reporting by
multinational corporations. Recommended for students wishing to pursue
CPA license.
483. SEMINAR IN CONTROLLERSHIP 3 cr. Prerequisite: minimum
grade of C+ in AC 312 and C in AC 304. Includes advanced topics in managerial
accounting not covered in AC 312. Focus is on the role of the controller
as the chief financial and managerial accounting officer. The impact of
ethics also receives consideration.
484. ACCOUNTING THEORY AND POLICY 3 cr. Prerequisite:
minimum grade of C in AC 304. Accounting theory and policy decisions with
respect to contemporary business problems and issues.
498. INDEPENDENT STUDY 1-3 cr. Prerequisites: minimum
grade of C in AC 304, consent of chair and faculty member. Research project
supervised by a member of the Department of Accountancy willing to act
as advisor. The student selects an aspect of accounting, establishes goals,
and develops a plan of study. The plan must be approved by the chair and
filed with the dean’s office. Consult the chair for departmental
guidelines established for such study.
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