3000

An in-depth study of the accounting cycle and the related study of asset and equity valuations for the primary financial statements and content presentation. Particular emphasis placed on the operating cycle, related assets, revenue recognition, income measurements and the application of the time value of money including annuities. Prerequisite: A grade of "C" or better in BACC 2310.

A continuation of BACC 3321, with particular emphasis on cash and receivables, inventories and inventories measurements, valuation and acquisition of PPE and intangible assets including utilization and dispositions, and stock and bond investments. Prerequisite: A grade of C or better in BACC 3322.

The study of Federal Income Tax laws relating to individuals. This course also studies current tax code concepts, issues, and regulations and the resulting consequences and liabilities to a financial planner’s clients. The course explores the structure of the tax code as it pertains to the taxation of individuals, and their proprietorships. The course also explores tax management techniques such as excluding income, deferring income, shifting income, and managing or timing income. Students will develop tax planning strategies to manage tax liability and to accumulate assets while minimizing tax consequences. Prerequisite: A grade of “C” or better in BACC 2310 and junior standing.

A continuation of BACC 3324, with emphasis on property transactions, partnerships, and corporations.  Prerequisite:  A grade of "C" or better in BACC 3324 and junior standing.

Introduces accounting techniques used by small businesses to obtain information for efficient operations in today's environment. The course explores using an automated accounting information system to help facilitate business record keeping. Emphasis is on invoicing customers, maintaining accounts receivable and accounts payable, tracking inventory, creating purchase orders, preparing payroll, and evaluating financial reports for management, journal entries, and adjusting entries. 

An in-depth study of accounting information systems, including an historical perspective, concepts and definitions, the need for accounting information systems, analysis of the system environment, and design and implementation with a focus on accounting information systems and integration with other management systems. Prerequisites: A grade of "C" or better in BACC 3322 .

An in-depth study of effective business writing principles focused on organization, clarity, and conciseness. Emphasis is placed on ability to exchange technical information and ideas with co-workers, other professionals, and clients to recognize and understand the implications of critical business issues. Students will produce audit reports, cross reference documents, statements of financial condition, and other common documents produced in the practice of public accounting. Prerequisite: a grade of "C" or higher in BACC 3322.

The combination of computerization and automation of many accounting tasks as well as the explosion of available data is changing the accounting profession. To address this, accountants are increasingly required to have an analytics mindset to perform their jobs. Building upon the fundamentals of accounting learned in prior courses, Introduction to Data Analytics for Accounting explores accounting concepts through the application of data analytics. We recognize students need to not only develop the skills to ask the right questions, but to learn how to use tools they may encounter in the workplace such as Excel® and Tableau® to examine and analyze data, and then effectively interpret results to make business decisions. This analytics mindset is crucial early in the study of accounting to meet the demands of today's accounting jobs. Prerequisite: BACC 2310