500

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