ACC (Accounting)

ACC 200 Independent Study in Accounting  (1-4 hours)

Supervised research on a selected topic. Prerequisite: Submission of a proposed outline of study that includes a schedule of meetings and assignments approved by the instructor, the division chair and the provost or associate provost no later than the final day of the drop/add period of the semester of study. For additional criteria, see the Independent Study Policy (Sec. 6.15.).

ACC 230 Financial Accounting  (4 hours)

This course is a study of generally accepted accounting principles (GAAP) and other accounting concepts with emphasis on their application in the financial statements of business enterprises. The measurement and reporting of assets, liabilities and owners’ equity is stressed, along with the related measurement and reporting of revenue, expense and cash flow. Prerequisite:  Second semester freshman standing or above or approval of the instructor.

ACC 231 Managerial Accounting  (4 hours)

This course is a study of the use of accounting information by managers and decision makers within an economic enterprise. Cost analysis for purposes of planning and control is emphasized. Prerequisite: ACC 230.

ACC 240 Business Law I  (4 hours)

This course provides an overview of the legal and ethical environment of business with special emphasis on the law of contracts, negotiable instruments, agency, sales and warranties, credit and secured transactions, intellectual property, business organizations, and on-line commerce. Cross-listed as BUS 240.

ACC 241 Business Law II  (4 hours)

This course is a more in-depth study of current issues in the legal and ethical environment of business, including topics such as employment law, antitrust issues, and the social responsibility of business.  Prerequisite: BUS 240 or ACC 240. Cross-listed as BUS 241.

ACC 290 Special Topics in Accounting  (1-4 hours)

An intense study of diverse accounting topics under the direct supervision of an accounting faculty member. Prerequisite: See individual course listing in the current semester course schedule.

ACC 332 Intermediate Accounting I  (4 hours)

This course covers financial accounting topics at an intermediate level. The topics covered are similar to Financial Accounting but in greater depth. The standards promulgated by the Financial Accounting Standards Board are considered and evaluated. The preparation and the theoretical foundations of the financial statements are emphasized. Prerequisite: ACC 231.

ACC 333 Intermediate Accounting II  (4 hours)

This course is a continuation of Intermediate Accounting I with emphasis on advanced topics such as dilutive securities, investments, capitalized leases, pension costs, inter-period income tax allocation and accounting changes and errors, and the statement of cash flows. Prerequisite: ACC 332.

ACC 334 Cost and Managerial Accounting  (4 hours)

This course is a more advanced study of the accounting information required for the managerial activities covered in ACC 231. The course includes the study of the analytical techniques and methodologies used to generate accounting information and the managerial use of accounting information. The topics covered include profitability analysis, cost allocation, inventory management, budgeting, relevant cost analysis, performance evaluation and pricing decisions. Prerequisite: ACC 231.

ACC 335 Income Tax Accounting: Individuals  (4 hours)

This course provides an overview of the federal income tax system primarily as it relates to individuals. The study of the federal tax law provides the necessary tax background for a variety of accounting, financial and managerial careers. Prerequisite: ACC 231.

ACC 336 Income Tax Accounting: Corporations, Partnerships, Estates and Trusts  (4 hours)

This course is a study of the federal income tax laws and related accounting problems of corporations and partnerships, with some consideration of estates and trusts. Consideration will be given to the role of taxation in business planning and decision making and the interrelationships and differences between financial accounting and tax accounting. Prerequisite: ACC 335.

ACC 400 Advanced Independent Study in Accounting  (1-4 hours)

This course will be conducted as supervised advanced research on a selected topic. Prerequisites: Submission of an application which contains a proposed, detailed outline of study approved by the instructor, the division chair, the student’s advisor and the provost or associate provost. The completed application must be submitted to the office of enrollment services no later than the final day of the drop/add period of the semester of study. For additional criteria, see the Independent Study Policy (Sec. 6.15.).

ACC 434 Internship in Accounting  (4- 12 hours)
An internship is designed to provide a formalized experiential learning opportunity to qualified students. The internship  requires the student to obtain an Accounting faculty supervisor, interview and secure employment in the accounting field, submit a learning agreement which includes 3-4 learning objectives, work 30 hours for every hour of academic credit, keep a  reflective journal of the  internship experience, have regularly scheduled meetings with the faculty supervisor, submit a professional resume, write a research paper dealing with some aspect of the internship (length of paper dependent on number of academic credits), and deliver a presentation of the internship experience at the end of the semester.  Graded on a Satisfactory/Unsatisfactory basis. Prerequisites: Permission of the faculty supervisor, qualification for the internship program, permission of an internship site supervisor and acceptance of learning agreement proposal by the faculty advisor and division chair.

ACC 435  Advanced Accounting  (4 hours)

This course is a study of advanced accounting concepts.  Topics covered include the methods of accounting for business combinations including the equity method and consolidated financial statements, as well as issues that arise regarding outside ownership and intercompany transactions.  Other topics covered include foreign currency transactions, partnership formation, operation, and termination, and a brief introduction to accounting for state and local governments. Prerequisite: ACC 332.

ACC 436 Accounting Control Systems  (4 hours)

This course is an in-depth study of the application of information systems concepts to the accounting environment. Emphasis is on the processing of data in a computerized environment as well as the controls that are necessary to assure accuracy and reliability of the data processed by an accounting system. Practical implications of accounting information system design and implementation will be investigated through the use of cases and projects. Prerequisites: ACC 231.

ACC 437 Auditing (4 hours)

This course is a study of auditing standards and procedures, including the use of statistical and other quantitative techniques and preparation of audit working papers, reports and financial statements. Emphasis is placed upon the auditing programs and substantive testing.  Prerequisite: ACC 332.

ACC 438 Accounting Theory  (4 hours)

This course covers the principles and concepts of accounting at an advanced theoretical level. The emphasis is on critical analysis of the ideas on which accounting practice is based along with an appreciation for the intellectual foundations for those ideas. Prerequisite: ACC 333.

ACC 490 Advanced Special Topics in Accounting  (1-4 hours)

Advanced courses of selected topics will be offered generally for juniors or seniors as determined by the needs of the curriculum. Prerequisite: See individual course listing in the current semester course schedule.