2017-18 Catalog

Accounting

Courses

ACCT 2301. Principles of Accounting I-Financial. 3 Credit Hours (Lecture: 3 Hours, Lab: 1 Hour).

An introduction to financial accounting concepts and their application in the accounting process for business organizations. Includes financial statement preparation and analysis and communication of financial information. No previous knowledge of accounting required. Prerequisite: MATH 1314, MATH 1332, MATH 1324, MATH 2412, MATH 2413, MATH 1342, or concurrent enrollment, or approval of department head. Lab fee $2.

ACCT 2302. Principles of Accounting II-Managerial. 3 Credit Hours (Lecture: 3 Hours, Lab: 1 Hour).

An introduction to the use of accounting information as an aid to management decision making. Includes budgeting, the control process, the classification of costs, and financial modeling. Prerequisite: ACCT 2301. Lab fee $2.

ACCT 3300. Accounting Concepts. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A survey of basic accounting principles, concepts, and methods to include a review of general purpose financial statements and the accounting process. Financial accounting procedures are presented to support the overall managerial function. This course is provided for students without a previous accounting background. (Meets requirements for Accounting I.).

ACCT 3301. Business Analysis using Spreadsheets. 3 Credit Hours (Lecture: 3 Hours, Lab: 1 Hour).

Theory and application of microcomputer technology in the practice of accounting and finance. Emphasis on the utilization of basic spreadsheet and general ledger software. Intended to stimulate creative initiative in performing accounting tasks and to develop the basic skills necessary to efficiently and effectively utilize the microcomputer. Credit for both BCIS 3301 and ACCT 3301 will not be awarded. Prerequisite: ACCT 2301. Lab fee $2.

ACCT 3302. Cost Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An introductory cost course, emphasizing the accounting for material, labor, and manufacturing expenses in both job order and process cost systems. Special attention to distribution of service department cost and costing of byproducts and joint products. Prerequisite: ACCT 2301.

ACCT 3303. Intermediate Accounting I. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

The environment of accounting, development of standards, basic theory, financial statements, worksheets, and the application of generally accepted accounting principles for the business enterprise with emphasis on corporations. Prerequisite: ACCT 2301 or approval of department head. Lab fee $5.

ACCT 3304. Intermediate Accounting II. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A continuation of Intermediate I with continued emphasis on generally accepted accounting principles as applied to the business enterprise. Prerequisite: ACCT 3303 or approval of department head. Lab fee $5.

ACCT 3305. Government and Institutional Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Budgeting, accounting, and financial reporting principles and practices for governmental and other not-for-profit entities. Credit for both ACCT 3305 and ACCT 5307 will not be awarded. Prerequisites: ACCT 3303 or approval of department head.

ACCT 3310. Accounting Information Systems. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Specific study of design and implementation of complex accounting information systems. An understanding of the traditional accounting model and its relationship to each type of accounting information system will be emphasized, including accounts receivable, inventory control, cost accounting, operational budgeting, and capital budgeting. Key elements of a well-designed management control system are included. Prerequisite: ACCT 2301. Lab fee $15.

ACCT 4084. Internship. 1-6 Credit Hours (Lecture: 0 Hours, Lab: 1-20 Hours).

Preapproved and supervised work experience in a accounting related position with a public or private business organization. May be repeated for a total of 6 hours credit. Prerequisite: Approval of department head.

ACCT 4086. Problems. 1-3 Credit Hours (Lecture: 0 Hours, Lab: 1-3 Hours).

A directed study of selected problems in accounting. May be repeated with approval of department head. Prerequisites: Approval of department head.

ACCT 4090. Special Topics in Accounting. 1-3 Credit Hours (Lecture: 1-3 Hours, Lab: 1-3 Hours).

An examination of current topics in accounting. Readings required from current accounting publications and other related periodicals. May be repeated for credit when topics vary. Prerequisites: 9 hours in ACCT.

ACCT 4301. Financial Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of financial statement analysis and accounting topics related to financial statement presentation and disclosure. Prerequisite: ACCT 3304 or approval of department head. Lab fee $5.

ACCT 4303. Advanced Accounting Principles. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Special phases of partnership accounting, joint ventures, consignments, installment sales, statement of affairs and accounting for insolvent concerns, and business combinations. Prerequisite: ACCT 4301 or concurrent registration. Lab fee $5.

ACCT 4305. Federal Tax Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

The present income tax law and regulations; income tax legislation, treasury and court decisions, departmental rulings; income tax problems and returns, social security, and self-employment taxes. Prerequisites: ACCT 2301 and junior classification. Credit for both ACCT 4305 and FINC 4305 will not be awarded.

ACCT 4306. Federal Tax Accounting Advanced. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Current income tax law and tax accounting procedures. Preparation of income tax returns of partnerships and corporations. Credit for both ACCT 4306 and ACCT 5306 will not be awarded.Prerequisite: ACCT 4305 or approval of department head.

ACCT 4323. Ethics for Accountants. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Introduction to auditing and ethical responsibilities for auditors and other accountants in both public and private practice. Topics include generally accepted auditing standards, the standard audit report, legal responsibilities of accountants, the Code of Professional Conduct for accountants, independence, and objectivity. Includes case studies involving ethical reasoning and decision making. Credit for both ACCT 4323 and ACCT 5323 will not be awarded. Prerequisite: ACCT 3304 or concurrent enrollment.

ACCT 4324. Auditing Evidence and Report. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Procedures used by auditors and accounting practitioners to gather and evaluate information and report on their findings. Includes evaluation of internal control, planning an audit or other engagement, compliance testing, substantive testing, statistical sampling, evaluation of findings, and preparation of reports. Credit for both ACCT 4324 and ACCT 5324 will not be awarded. Prerequisite: ACCT 4323.

ACCT 4385. Seminar. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of current issues and developments in accounting. Prerequisite: Approval of department head.

ACCT 5086. Problems. 1-3 Credit Hours (Lecture: 0 Hours, Lab: 1-3 Hours).

This course offers students the opportunity to become acquainted with current research being conducted within the student's area of interest; directed reading of a number of sources selected in concert by the student's professor. Prerequisite: Approval of department head.

ACCT 5300. Foundations of Financial Systems. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An interdisciplinary course that examines principles of accounting, economics and finance as applied to the contemporary business organization operating in a global market place. Focuses on integration of theory and practice to develop framework for measuring, analyzing, and imporving financial performance.

ACCT 5302. Cost Analysis & Control. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of management control systems, profit performance, standard and direct costing, investment Control, and long-range planning. Students who have successfully completed ACCT 3302 cannot receive credit for this course. Prerequisite: ACCT 2301.

ACCT 5303. Accounting Management. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of accounting as related to problems of making business and economic decisions. Includes both financial and managerial accounting. Readings, problems, and cases requiring use of accounting data. Prerequisite: FINC 5300 or approval of instructor.

ACCT 5304. Advanced Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An intensive study of theory and practices related to advanced financial accounting topics pertaining to partnerships, joint ventures, consignments, installment sales, insolvent concerns, and business combinations. Students who have successfully completed ACCT 4303 cannot receive credit for this course. Prerequisites: ACCT 3303 and ACCT 3304.

ACCT 5305. Federal Tax Accounting I. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

General concepts of federal income taxation applicable to individuals and business entities. Students who have successfully completed ACCT 4305 cannot receive credit for this course. Prerequisites: ACCT 2301.

ACCT 5306. Federal Income Tax II. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Survey of federal income tax laws applicable to corporations, partnerships and S-corporations, and fiduciary relationships. Students who have successfully completed ACCT 4306 cannot receive credit for this course.

ACCT 5307. Governmental and Not-for-Profit Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A course specialized in financial accounting related to state and local governments and governmental agencies, and not-for-profit organizations. Students who have successfully completed ACCT 3305 cannot receive credit for this course. Prerequisites: ACCT 3303 or approval of the department head.

ACCT 5309. International Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Examination of international accounting within the context of managing multinational enterprises (MNEs). The course will address different countries’ accounting issues and International Accounting Standards by IFRIS. Prerequisites: ACCT 3303 or approval by the department head.

ACCT 5310. Information Systems in Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An in-depth study of the application of information systems knowledge to the accounting environment. Emphasis is on developing an understanding the processing of accounting data in a computer environment and the controls necessary to assure accuracy and reliability of the data being processed. Students who have successfully completed ACCT 3310 cannot receive credit for this course. Prerequisite: ACCT 3303.

ACCT 5311. Managing Information Systems. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Studies the management and use of information and technology as a resource to create competitive businesses, manage global operations, provide useful products and quality services to customers, whether public or private. Examines unformation systems management, intellectual property, privacy, organizational and societal impact, legal issues, ethics, security issues, decision making, strategic information systems, and management and organizational support systems. Prerequisites: BCIS 5301 or approval of department head.

ACCT 5323. Business & Professional Ethics for Accountants. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Examination of moral and ethical issues within the accounting profession and the broader business environment. Along with a general study of ethical behavior and decision making, various professional codes of conduct within the accounting profession will be examined with emphasis on accountants’ integrity, independence and objectivity, and legal liability. Students who have successfully completed ACCT 4323 cannot receive credit for this course. Prerequisites: ACCT 3304 or concurrent enrollment.

ACCT 5324. Auditing and Professional Responsibility. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of financial auditing standards and procedures. Theory and practice are combined to enable the student to better understand how audits are conducted and to prepare students for the CPA examination. Students who have successfully completed ACCT 4324 cannot receive credit for this course. Prerequisites: ACCT 3303 and ACC 3304.

ACCT 5335. Analysis of Financial Statement Information. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of financial statement analysis and accounting topics related to financial statement presentation and disclosure. Prerequisites: ACCT 3304 or approval of department head.

ACCT 5357. Accounting Theory. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A systematic study of generally accepted accounting principles and rules that govern the practical application of accounting methods. Prerequisites: ACCT 3303 and 3304.

ACCT 5385. Accounting Seminar. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Selected accounting topics of current importance to business management. May be repeated once for credit when topics vary.

ACCT 5390. Selected Topics in Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An examination of different financial, managerial, governmental, and not-for-profit topics in Accounting . The course may be repeated for credit as the topic changes. Prerequisites: ACCT 3303 or approval by the department head.