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Accounting Courses

ACCT 101 Financial Accounting

4-0-4
Credit Hours: 4

Introduction to the theory of accounts and generally accepted accounting principles as applied to a corporation. Emphasis is placed on completing the accounting cycle, inventory and asset valuation, and stockholder’s equity.

ACCT 102 Managerial Accounting

3-0-3
Credit Hours: 3

Emphasis is placed on the evaluation of financial statements and the development of decision-making techniques. Specialized topics include: statements of cash flows, analysis of financial statements, cost-volume analysis, time-value of money, capital budgeting and introduction to cost accounting.
Prerequisite: ACCT 101 with grade of "C" or better.

ACCT 103 Microcomputers in Accounting

2-2-3
Credit Hours: 3

Introduction to microcomputer applications which focus on financial accounting problems and their solutions adapted to microcomputers. Students will utilize a spreadsheet program and commercial general ledger software.
Prerequisite: ACCT 101 with a grade of "C" or better.
Additional course fee: $75.

ACCT 201 Intermediate Accounting I

3-0-3
Credit Hours: 3

Intermediate Accounting I continues the investigation of the current accounting concepts and standards underlying the financial statements of business enterprises that was begun in ACCT 101. Alternative valuation concepts and standards are introduced as they apply to reporting in the financial statements. Intermediate Accounting I will focus on the measurement and reporting of corporate assets and liabilities, and the related impact on revenues, expenses, gains and losses.
Prerequisite: ACCT 101.

ACCT 202 Intermediate Accounting II

3-0-3
Credit Hours: 3

Intermediate Accounting II completes the investigation of the current accounting concepts and standards underlying the financial statements of business enterprises that was begun in ACCT 101 and continued in ACCT 201. Intermediate Accounting II will focus on the measurement and reporting of stockholders’ equity and specialized areas including investments, leases, income taxes, revenue recognition issues, pensions and post-retirement benefits, the statement of cash flows, and accounting for changes and error analysis.
Prerequisite: ACCT 201.

ACCT 203 Cost Accounting

3-0-3
Credit Hours: 3

Scope, concepts and terminology of cost accounting. Cycles of cost accounting and costing techniques. Control of materials and labor. Nature of factory overhead departmentalization and predetermined rates, process cost.
Prerequisite: ACCT 102.

ACCT 206 Auditing

3-0-3
Credit Hours: 3

This course will review contemporary auditing and assurance services and related concepts of evaluation of controls, statistical sampling and substantive testing. Students will learn about Generally Accepted Auditing Standards (GAAS) as well as professional responsibility, legal liability and standards of ethics.
Prerequisite: ACCT 201.

ACCT 208 Tax Accounting

3-0-3
Credit Hours: 3

This course will introduce the student to the taxation of individuals as set forth in the Internal Revenue Code. Emphasis is placed on the determination of gross income, adjustments to gross income, standard and allowable itemized deductions, the determination of personal exemptions, the calculation of the total tax liability, available tax credits and estimated tax payments.

ACCT 209 Advanced Taxation

3-0-3
Credit Hours: 3

This course will introduce students to tax research and the tax treatment of entities, other than individuals, as prescribed by the Internal Revenue Code (IRC). They will apply the fundamentals learned in these two areas to problem situations likely to be encountered in tax practice.
Prerequisite: ACCT 208.

ACCT 215 Nonprofit Accounting

3-0-3
Credit Hours: 3

Introduction to the principles of accounting for nonprofit organizations with emphasis on fund accounting and the accounting standards for various types of nonprofit organizations.
Prerequisite: ACCT 102 or ACCT 101 and departmental approval.

ACCT 250 Advanced Accounting

3-0-3
Credit Hours: 3

This course in financial accounting introduces students to accounting for partnerships, accounting for mergers and acquisitions, and accounting in the international marketplace.
Prerequisite: ACCT 202.

Unless otherwise noted, all college level courses require English 101 placement.