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Accounting Course Descriptions

ACCT 101 and 102 Accounting Principles I and II (3, 3)
A study of fundamental accounting principles, accumulation of financial data, preparation of financial statements and the use and interpretation of financial statements.

ACCT 201 and 202 Intermediate Accounting I, II (3, 3)
The study of generally accepted accounting principles with emphasis on the theoretical aspects of modern public accounting.
Prerequisite: ACCT 101 and 102.

ACCT 301 Cost Accounting (3)
The essentials of cost accounting for the accounting professional. A study of cost behavior, standard costs for product costing and control, job order and process costing, activity based costing, variance analysis, cost-volume-profit analysis and the master budget. Prerequisite: ACCT 201.

ACCT 303 Advanced Accounting (3)
A study of governmental and non-profit accounting procedures used in the preparation of governmental and non-profit financial statements as well as a study of partnership and business combination accounting procedures used in the preparation of partnership and consolidated financial statements. The role of the Securities and Exchange Commission in today’s modern public accounting is also examined. Prerequisites: ACCT 201-202.

ACCT 398 Independent Study (1-3)
Permission of the instructor, the department chair, dean of the school/college and the associate provost is required.

ACCT 401 Federal Income Tax (3)
A study of federal income tax laws with particular emphasis on their application to individuals. Tax research, planning and ethics will be integrated into and emphasized throughout the course.
Prerequisite: ACCT 201.

ACCT 405 Auditing (3)
An introductory course in auditing. Includes the study of auditing concepts and methods including reporting requirements, professional ethics and legal liability issues, audit objectives and evidence, planning and documentation, and the analysis and study of materiality and risks, as well as internal control systems.
Prerequisites: ACCT 201-202.

ACCT 410 Accounting Information Systems (3)
A systems approach to accounting information with emphasis on computer-based accounting information systems (AIS). Includes technical aspects of AIS, transaction cycles, system development and implementation, internal control, and auditing in a computer environment.
Prerequisites: ACCT 101. (Same as IFSY 410.)

ACCT 426 Accounting Theory and Practice (3)
This course is an elective for accounting majors. It is specifically designed for those students who intend to take the CPA exam. The course is delivered online (on a pass/fail basis) and covers all subject matter addressed on the CPA exam.

ACCT 480 Internship (1-12)
Opportunities for students to engage in practical application of accounting theory. Permission of the department chair.

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