ACC - Accounting

This course is an introduction to the basic concepts and principles underlying financial accounting systems used to report a company’s position. Coverage includes an overview of accounting principles and the recording of business transactions, the accounting cycle, evaluation of assets and liabilities, and the construction and analysis of financial statements. The course also addresses financial fraud and its prevention by using internal control procedures. Pre-requisite(s): BUS 101, or BUS 430, or permission of Program Chair or designate. Co-requisite(s): None. 5 quarter hours

This course provides an overview of the principles, techniques, and uses of accounting in the planning and control of business organizations from a management perspective. Coverage includes types of costs, types of budgets and their uses, cost-volume-profit relationship, product costing methods, forecasting, and managerial decision making processes. Pre-requisite(s): BUS 101 or BUS 430 or permission of Program Chair or designate. Co-requisite(s): None. 5 quarter hours

This course teaches fundamentals accounting practices and concepts. Students learn how to analyze transactions, make and adjust journal entries, close books, and prepare income statements and balance sheets using General Accounting Procedures. The course also looks at how managers use financial statements and explores the principles of accounting controls. 4 quarter hours

This course presents accounting information used for internal management of an international firm. Focus is on planning, controlling, and evaluating company performance, including budgeting, job costing, and decision models. Students are introduced to comparative accounting systems of various countries and the process of the harmonization of accounting standards. Course examples and exercises also highlight eccentricities of various services industries. Prerequisite: ACC 272

Intermediate Accounting I covers the major tenets of accounting, including the uses of accounting information in an organization, the accounting cycle, mechanics of recording accounting transactions, and Generally Accepted Accounting Principles (GAAP). Students review and analyze financial statements, including the income statement, the statement of retained earnings, the balance sheet and the cash flows statement. They also construct the income statement, the statement of retained earnings and the balance sheet. Finally, students review time value of money, revenue recognition, and accounting for both short-term and long-term assets. Pre-requisite(s): MBA 514; or permission of Program Chair or designate. Co-requisite(s): None. 3 semester hours

This course is a continuation of Intermediate Accounting I. The course covers selected accounting items with an emphasis on topics of interest in corporate financial reporting including bonds, leases, pensions, stockholders’ equity, deferred taxes, and earnings per share. This course also covers accounting errors and disclosure reporting and the cash flow statement. Pre-requisite(s): MBA 514 and ACC 500; or permission of Program Chair or designate. Co-requisite(s): None. 3 semester hours

Taxation covers federal income tax concepts, requirements, procedures and forms as they relate to businesses and individuals. The focus of this course is basic tax issues for taxpayers including individuals and businesses. Content includes income inclusions and exclusions, business and personal deductions and accounting methods. Pre-requisite(s): MBA 514, ACC 500 and ACC 505; or permission of Program Chair or designate. Co-requisite(s): None. 3 semester hours