Accounting

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

This course is an introduction to the fundamental concepts of financial accounting as prescribed by U.S. generally accepted accounting principles (GAAP) as applied to transactions and events that affect business organizations. Students will examine the procedures and systems to accumulate, analyze, measure, and record financial transactions. Students will use recorded financial information to prepare a balance sheet, income statement, statement of cash flows, and statement of shareholders’ equity to communicate the business entity’s results of operations and financial position to users of financial information who are external to the company. Students will study the nature of assets, liabilities, and owners’ equity while learning to use reported financial information for purposes of making decisions about the company. Students will be exposed to International Financial Reporting Standards (IFRS). 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).

This course is an introduction to the fundamental concepts of managerial accounting appropriate for all organizations. Students will study information from the entity's accounting system relevant to decisions made by internal managers, as distinguished from information relevant to users who are external to the company. The emphasis is on the identification and assignment of product costs, operational budgeting and planning, cost control, and management decision making. Topics include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation. 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. This course is designed to provide non-BBA students with sufficient introductory accounting to prepare them to survive in an introductory finance course. The coverage is not deep enough in either financial or managerial accounting for any recognized Bachelor of Business Administration (BBA) program. The introductory financial accounting (ACCT 2301) and managerial accounting (ACCT 2302) courses are required for all BBA majors anyway, and would better prepare those students for further studies in Finance. Therefore, credit for both ACCT 3300 and ACCT 2301 will not be permitted by the College of Business Administration.

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 or ACCT 3300 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 2302 or approval of department head.

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: $2.

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. A study of the theory and application of generally accepted accounting principles. Topics include property, plant, and equipment; intangible assets; investments; current liabilities; long term liabilities; leases; stockholder's equity; and earnings per share. Prerequisite: ACCT 3303 or approval of department head. Lab fee: $2.

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 2302 or approval of department head. Lab fee $15.

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

Directed real-world learning experience under the supervision of a practicing professional accountant. The internship assignment must be approved by an accounting internship advisor prior to enrollment. The internship must be related to the student’s field of study and requires at least 320 hours of supervised work in total, including at least 160 during the semester term. Student maintains a diary of work experience gained and, at semester-end, prepares a written paper reflecting on the work experience. Student also provides to accounting internship advisor the employer’s evaluation of performance and maintains records of all the listed documentation. No credit will be given for previous experience or activities. Prerequisites: Must have completed 90 semester credit hours including a minimum of 12 semester credit hours of upper division accounting course work and have at least a 2.5 GPA overall with at least a 3.0 GPA in accounting courses.

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).

This course is a part of and a continuation of the Intermediate Accounting sequence. It extends and builds directly on what students have learned in ACCT 3303 and 3304. Topics may include: accounting for pensions; accounting for income taxes in a corporation's financial reporting; changes in accounting principles and correction of errors; preparation of statement of cash flows. This course is intended to qualify for recognition by the Texas State Board of Public Accountancy as one semester hour in accounting research and analysis (reflecting the dedication of one semester hour to research and analysis). Accordingly, this course addresses the identification, organization, and integration of diverse sources of information to reach a conclusion or make a decision; and should analyze accounting and taxation issues by reviewing information, using empirical data and analytical methods, recognizing data in patterned activities, forecasting, and integrating data. Students who successfully complete this course cannot receive credit for ACCT 5301. Prerequisite: ACCT 3304 or concurrent enrollment Lab fee: $2.

ACCT 4303. Advanced Accounting Principles. 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 (bankruptcy) concerns, and business combinations. Significant coverage of consolidated financial statements is provided in this course. The course covers foreign currency translation, hedge accounting and International Accounting Principles. This course includes a research component. Students who have successfully completed ACCT 4303 cannot receive credit for ACCT 5304. Prerequisite: ACCT 4301 or concurrent registration.

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. Credit for both ACCT 4305 and 5305 will not be awarded. Prerequisites: ACCT 2302 or approval of department head.

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

The tax consequences of doing business by corporations, partnerships, and S corporations from creation, to operating, distribution, and dissolution are discussed. Furthermore, the impact of transactions on corporations and shareholders, the partnership and its partners is emphasized throughout the course. Fiduciary relationships are also discussed. Students who have successfully completed ACCT 4306 cannot receive credit for ACCT 5306. Prerequisite: ACCT 4305 or approval of department head.

ACCT 4315. Estate and Gift Tax. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course is intended to provide students with a general understanding of the fundamental principles of the United States estate and gift tax system. Students will (i) learn basic principles and concepts of estate planning, (ii) learn the theoretical basis of the U.S. approach to estate and gift taxation and (iii) gain detailed knowledge of estate and gift tax issues. In addition, the course will prepare students to anticipate, recognize, and manage various issues that arise in the transfer tax system. Prerequisite: ACCT 2302.

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

Explores ways for an accountant to integrate ethical behavior into professional life. Includes a study of ethical behavior and decision-making. Also examines of various professional accountancy codes of conduct with an emphasis on ethical reasoning, integrity, objectivity, independence, and ethical lapses. 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 permitted by the College of Business Administration (the topics covered in these two courses are equivalent from a Texas State Board of Public Accounting standpoint). Prerequisite: ACCT 3304 or equivalent.

ACCT 4325. Fraud Examination. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course will cover the current impact of fraud in the workplace, types of fraud schemes, how to prevent fraud in the workplace; how fraud is detected and investigated, and legal aspects of fraud. Credit will not be given for both ACCT 4325 and 5325. Prerequisite: ACCT 2302 or 3300 or department head approval.

ACCT 4352. Construction Cost Control. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course provides an in-depth study of accounting principles and practices specific to the construction industry. Students will learn how to apply accounting concepts and techniques to construction projects, including cost estimation, budgeting, financial reporting, and project analysis. Emphasis will be placed on understanding the unique challenges and requirements of construction accounting, as well as the role of accounting in project management. NOTE: Students may not receive credit for both this course and ACCT 3300. Also, students may not receive credit for both this course and ACCT 2302. This course does NOT count as an upper-level accounting course for purposes of the CPA designation. Prerequisite: CNST 3323; MATH 1352; MATH 1342; for CNST majors only.

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 5301. Financial Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course is a part of and a continuation of the Intermediate Accounting sequence. It extends and builds directly on what students have learned in ACCT 3303 and 3304. Topics may include: accounting for pensions; accounting for income taxes in a corporation's financial reporting; changes in accounting principles and correction of errors; preparation of statement of cash flows. This course is intended to qualify for recognition by the Texas State Board of Public Accountancy as one semester hour in accounting research and analysis (reflecting the dedication of one semester hour to research and analysis). Accordingly, this course addresses the identification, organization, and integration of diverse sources of information to reach a conclusion or make a decision; and should analyze accounting and taxation issues by reviewing information, using empirical data and analytical methods, recognizing data in patterned activities, forecasting, and integrating data. Students who have successfully completed ACCT 4301 cannot receive credit for this course. Prerequisite: Mastery of intermediate financial accounting or department head approval.

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. Included is an introduction to accounting for material, labor and manufacturing expenses as related to specific jobs and for process costing, hybrid costing, developing cost systems that will enhance a company's ability to meet its overall objectives in order to remain competitive, methods of cost allocations, and cost, volume and profit analysis as tools for providing management with information required for making decisions. Methods of allocation of joint costs to products and by-products will be covered as well as coverage of the contribution margin approach to analyze products and the concepts of variable costing and absorption costing for products as used in decision making. This course includes research components. Students who have successfully completed ACCT 3302 (or equivalent course) cannot receive credit for this course. Prerequisite: COBA 5101.

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

A study of accounting related to the problems of making business and economic decisions. Course content includes both financial and managerial accounting. Learners will be required to prepare accounting reports and other information as well as interpret and discuss the information. Course may not be used as credit toward the Master of Accounting (MAcc) degree program. Prerequisite: COBA 5101, or equivalent, or department head approval.

ACCT 5304. Advanced Financial 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 (bankruptcy) concerns, and business combinations. Significant coverage of consolidated financial statements is provided in this course. The course covers foreign currency translation, hedge accounting and International Accounting Principles. This course includes a research component. Students who have successfully completed ACCT 4303 cannot receive credit for this course. Prerequisite: COBA 5101, Intermediate (Financial) Accounting courses, or Department Head approval.

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. Prerequisite: COBA 5101 or equivalent.

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

The tax consequences of doing business by using corporations, partnerships, and S corporations from creation, to operating, distribution, and dissolution are discussed. Furthermore, the impact of transactions on corporations and shareholders, the partnership and its partners is emphasized throughout the course. Fiduciary relationships are also discussed. Students who have successfully completed ACCT 4306 cannot receive credit for this course. Prerequisite: ACCT 5305 (Federal Tax Accounting I) or department head approval.

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, governmental agencies, and not-for-profit organizations. This course is designed to develop students' ability to prepare, use, and interpret both financial accounting information for state and local governments and various types of not-for-profit organizations, both public sector and private sector. Students will examine how the environment for governmental and not-for-profit entities affects appropriate accounting practice and reporting. Emphasis will be placed on how these entities demonstrate accountability and why demonstrating accountability is important. Students will apply fund accounting and budgetary accounting; prepare and analyze financial statements for individual funds and for the state or local government as a whole; and prepare and analyze financial statements for private and public not-for-profit entities. Course includes research component. Prerequisite: COBA 5101 or equivalent or department head approval.

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: COBA 5101 and Intermediate (Financial) Accounting courses 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: Mastery of intermediate financial accounting or department head approval.

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 5315. Estate and Gift Tax. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course is intended to provide students with a general understanding of the fundamental principles of the United States estate and gift tax system. Students will (i) learn basic principles and concepts of estate planning, (ii) learn the theoretical basis of the U.S. approach to estate and gift taxation and (iii) gain detailed knowledge of estate and gift tax issues. In addition, the course will prepare students to anticipate, recognize, and manage various issues that arise in the transfer tax system. Prerequisite: Undergraduate course/preparation in Managerial Accounting or permission of the instructor.

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

Explores ways for an accountant to integrate ethical behavior into professional life. Includes a study of ethical behavior and decision making. Also examines various professional codes of conduct within the accounting profession will be examined with emphasis on accountants’ integrity, independence and objectivity, and legal liability. Credit for both ACCT 4323 and ACCT 5323 will not be awarded. Prerequisite: Mastery of intermediate financial accounting or department head approval.

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. Credit for both ACCT 4324 and ACCT 5324 will not be permitted by the College of Business Administration (the topics covered in these two courses are equivalent from a Texas State Board of Public Accounting standpoint). Leveling coursework may be required prior to enrollment into this course. Prerequisite: Mastery of intermediate financial accounting or department head approval.

ACCT 5325. Advanced Fraud Examination. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course will cover the current impact of fraud in the workplace, types of fraud schemes, how to prevent fraud in the workplace, how fraud is detected and investigated, and legal aspects of fraud. Each student will research an assigned current fraud topic, prepare a term paper and give an oral presentation of the results. Prerequisite: ACCT 5324 or Department Head approval.

ACCT 5330. Advanced Managerial Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Advanced course in managerial accounting: planning, analysis, and control. Develops the role of accountants as financial managers and members of firms’ strategic management teams. Topics include developing cost estimates for managers’ decision-making, measuring and reporting performance, capital budgeting, and management control systems in complex organizations. Prerequisite: Cost Accounting (ACCT 5302) or approval of department head.

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. Prerequisite: Mastery of intermediate financial accounting or department head approval.

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: Mastery of intermediate financial accounting or department head approval, ACCT 5302 or equivalent, and ACCT 5323 or equivalent. ACCT 5302 and/or ACCT 5323 may be completed concurrently with this course.

ACCT 5384. Accounting Internship. 3 Credit Hours (Lecture: 0 Hours, Lab: 20 Hours).

Directed real-world learning experience under the supervision of a practicing professional accountant. The internship assignment must be approved by an accounting internship advisor prior to enrollment. The internship must be related to the student’s field of study and requires at least 320 hours of supervised work in total, including at least 160 during the semester term. Student maintains a diary of work experience gained and, at semester-end, prepares a written paper reflecting on the work experience. Student also provides to accounting internship advisor the employer’s evaluation of performance and maintains records of all the listed documentation. No credit will be given for previous experience or activities. Prerequisite: Must have completed at least 15 graduate credit hours with at least a 3.0 GPA for all attempted course work toward the master’s degree.

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. Prerequisite: Mastery of intermediate financial accounting or department head approval.

ACCT 6307. 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, governmental agencies, and not-for-profit organizations. This course is designed to develop students' ability to prepare, use, and interpret both financial accounting information for state and local governments and various types of not-for-profit organizations, both public sector and private sector. Students will examine how the environment for governmental and not-for-profit entities affects appropriate accounting practice and reporting. Emphasis will be placed on how these entities demonstrate accountability and why demonstrating accountability is important. Students will apply fund accounting and budgetary accounting; prepare and analyze financial statements for individual funds and for the state or local government as a whole; and prepare and analyze financial statements for private and public not-for-profit entities. Course includes research component. Prerequisite: COBA 6101 or equivalent or department head approval.