ACCOUNTING COURSES



ACCT 100. Introduction to Accounting (3)
Three hours per week. This course is not open to majors in the College of Business except flight operations majors. ACCT 100 cannot be taken for academic credit after academic credit has been received for ACCT 201 and ACCT 202. An introductory financial accounting course in the use, interpretation, and analysis of published financial statements as used by management, creditors, investors and government agencies.


ACCT 201. Principles of Accounting I (3)

Three hours per week. A “C” or better must be earned in ACCT 201 and in ACCT 202 as a prerequisite for all upper-level accounting courses except ACCT 310. In addition, a “C” (2.0) or better is required in order to use this course as part of the core requirement for any business major. An introduction to the use of accounting information and to the language of business as found in reports and financial statements as a basis for measuring performances and making business decisions. Topics covered include accounting for receivables, inventories, depreciation and current liabilities.

ACCT 202. Principles of Accounting II (3)
Three hours per week. Prerequisite: ACCT 201 and MATH 112 or MATH 140 with a "C" or better in the Math course. A “C” or better must be earned in ACCT 201 and in ACCT 202 as a prerequisite for all upper-level accounting courses except ACCT 310. In addition, a “C” (2.0) or better is required in order to use this course as part of the core requirement for any business major. A continuation of ACCT 201. Topics covered include accounting for long-term liabilities, stockholders equity, the cash flow statement, job order costing systems, cost behavior analysis, cost-volume-profit analysis, budgeting, standard costs, differential analysis and variable costing. A spreadsheet project must be satisfactorily completed to pass this course.

ACCT 305. Financial Statement Analysis (3; F)
(Cross-listed as FIN 305). Three hours per week. Prerequisite: FIN 301. This course is an in-depth analysis of financial statements and the accounting principles that underlie their preparation. Topics include the process of income determination, liability recognition and asset valuation, along with financial ratio analysis and pro-forma financial statement preparation. Case analysis approach is used in addition to readings and problems. This course assumes a good background in financial accounting and in the principles of finance.

ACCT 310. Managerial Accounting I (3; AR)
Three hours per week. Prerequisite: ACCT 202. A study of the managerial uses of accounting data. Topics include cost behavioral patterns, budgets and short-term profit planning tools, decentralized control reporting, pricing and relevant costs, capital budgeting, and microcomputer applications. Students majoring in accounting cannot take this course for academic credit.

ACCT 311. Intermediate Accounting I (3; F)
Three hours per week. Prerequisite: A “C” or better in ACCT 201 and ACCT 202. A detailed, intensive study of generally accepted accounting principles (GAAP) that relate to financial statement preparation, including analysis of cash, receivables, inventories, plant assets, intangible assets and current liabilities.

ACCT 312. Intermediate Accounting II (3; S)
Three hours per week. Prerequisite: ACCT 311 with a “C” or better. A continuation of ACCT 311, including problems that relate to long-term liabilities, owners equity, investments, taxes, pensions, leases and the statement of cash flows.

ACCT 314. Cost-Based Decision Making (3; F)
Three hours per week. Prerequisite: A “C” or better in ACCT 201 and ACCT 202. A study of cost accounting as a quantitative device for aiding management through analysis of cost behavior, cost-volume-profit relationships, standards costs and budgets.

ACCT 315. Managerial & Cost Analysis (3; AR)
Three hours per week. Prerequisites: ACCT 314 or ACCT 310. A detailed study of managerial accounting. Topics include budgets and short-term profit planning tools, pricing and relevant costs, and capital budgeting techniques.

ACCT 317. Fund Accounting (3; AR)
Three hours per week. Prerequisite: ACCT 312. Budgetary and fund accounting as applied in various types of not-for-profit organizations.

ACCT 341. Federal Taxation I (3; F)
Three hours per week. Prerequisite: A “C” or better in ACCT 201 and ACCT 202. Methods of computing taxable income and preparation of returns for individuals as provided by federal law.

ACCT 342. Federal Taxation II (3; AR)
Three hours per week. Prerequisite: ACCT 341. Methods and computations in the preparation of tax returns for corporations, partnerships, estates and trusts.

ACCT 350. Financial Reporting & Analysis (3, AR)
Three hours per week. Prerequisite: ECON 201. This course can only be taken by students in the Accelerated Degree Program who are seeking a BS in Business Development and Leadership. In this course students will gain an understanding of how a firm’s primary financial statements are prepared and analyzed. Students will learn how earnings are calculated and how assets, liabilities and owner’s equity are valued. This course will also cover how accounting information is used by management for decision making. These managerial topics include the determination of product costs, budgeting and incentive structures.

ACCT 370. Accounting Information Systems (3, S)
Three hours per week. Prerequisite: A “C” or better in ACCT 201 and ACCT 202. The purpose of this course is to explore the relationship among accounting, data, and technology as they combine to form accounting information. The course is not designed to focus on computer hardware issues, nor is it intended to explore the complexities of intermediate accounting. Yet a working knowledge of the principles of accounting is required. This course will examine the role that accounting information plays in the organizational decision making process.

ACCT 450. Advanced Accounting I (3; F)
Three hours per week. Prerequisite: ACCT 311 with a "C" or better. Advanced financial accounting problems that relate to full disclosures, segment and interim reporting, branches and segments, foreign currency, partnerships and an overview of governmental and not-for-profit accounting.

ACCT 451. Advanced Accounting II (3; AR)
Three hours per week. Prerequisite: ACCT 450. Continuation of ACCT 450. Emphasizing problems that relate to business combinations, consolidation and mergers.

ACCT 453. Auditing (3; F)
Three hours per week. Prerequisite: ACCT 311 with a “C” or better. The objectives, procedures, and methods of public auditing, working papers, verification of accounts, auditor’s certificates, reports and ethical standards.

ACCT 480. Special Topics in Accounting (3; AR)
Three hours per week. Prerequisites: ACCT 312 and consent of instructor. May repeat the course one time, maximum credit of six hours, so long as the topic is different. A study of selected topics of major interest in accounting not covered in other course offerings. The topics for the semester will be indicated in advance.

ACCT 490. Internship in Accounting (var. 1-6; F, S or Su)
Prerequisites: Junior or an overall GPA 2.5 or better, and 2.5 or better in the major. For additional information, see the introduction to the Davis College of Business section in this catalog.

ACCT 500. Essentials of Accounting (2; F, Su)
Designed specifically for MBA students needing an accounting prerequisite for graduate course work, this is an accelerated, 8-week MBA foundation course in financial accounting covering the preparation and understanding of a firm's financial statements, including how earnings are calculated; how assets, liabilities and stockholder's equity are valued; and how accrual basis relates to the cash basis of accounting.

ACCT 515. Assessing Financial Performance (3)
Offered in the Executive MBA Program only.
The primary function of financial accounting is the reporting of financial information to external stakeholders of the firm such as stockholders, bondholders and bankers. In this course focus is placed on the collection, organization and analysis of financial accounting information. Included are the preparation and analysis of financial statements such as the income statement, balance sheet and the statement of cash flows.

ACCT 516. Managerial Accounting for Executives (2)
Offered in the Executive MBA Program only. In this course we develop the financial information necessary for a company’s internal users. Students will become grounded in the concepts and use of managerial accounting for planning, controlling and decision making. Included is the design of Excel models for the analysis of cost and profit structures, break-even analysis, modeling of activity based costs, make or buy decisions and the impact of performance metrics on decision making.

ACCT 522. Accounting for Managerial Control (3)
Students gain an understanding of management accounting and the use of financial information by managers to make strategic, organizational, and operational decisions. Focus is on the development and analysis of financial information for making relevant decisions, including the design of models and frameworks for the analysis of cost structures, break-even scenarios, make or buy decisions, and performance measurement designed to assure high performance.

ACCT 587. Special Topics in Accounting (var. 1-3)
A study of selected topics of major interest in Accounting not covered in other course offerings.

ACCT 592. Independent Studies in Accounting (var. 1-3)
A study of related Accounting topics that is closely supervised by a faculty member. Activities will normally be conducted by students out of the classroom with periodic meetings and evaluation by the faculty member who is mentoring a project.

ACCT 620. Advanced Managerial Accounting (3)
Prerequisites: ACCT 522 with a “B” or better, or permission of the Accounting Coordinator. In this course the focus is on the development of financial information necessary for decisionmaking. Topics include budget analysis, profit planning tools, performance measurement, pricing and relevant costs, capital budgeting and strategic management. Undergraduate students will be able to take this course with the permission of the accounting coordinator.

ACCT 630. Advanced Tax Accounting (3)
Prerequisites: ACCT 522 with a “B” or better, or permission of the Accounting Coordinator. In this course students will learn the tax methods, computations, and theory necessary for the preparation and analysis of the tax returns of corporations, partnerships, estates and trusts. Undergraduate students will be able to take this course with the permission of the accounting coordinator.

ACCT 640. Analyzing Financial Performance (3; AR)
Prerequisite: ACCT 522 with a “B” or better, or permission of the Accounting Coordinator. Students will critically analyze financial statements with an emphasis on identifying items that may indicate unrecognized value, undisclosed or inadequate disclosure of problems, and aggressive accounting. Classes will primarily use case studies with an emphasis on current events. Students will conduct a detailed company examination and prepare a report using public information such as annual reports, 10-Ks, 10-Qs and other SEC filings. Although not a prerequisite, it is highly recommended that a student have as a background a course in Intermediate Accounting or equivalent work experience.

ACCT 650. Advanced Managerial Accounting & Financial Modeling (3; AR)
Prerequisites: ACCT 522 with a “B” or better, or permission of the Accounting Coordinator. Students will design financial models to facilitate strategic decision-making. The modeling process will allow students to analyze a wide range of financial issues and incorporate the notion of risk in strategic decisions. Major topics include activity based costing, capital project analysis, investment analysis, performance evaluation, product mix decisions and valuation techniques.

ACCT 660. Enterprise Risk Management (3; AR)
Prerequisites: ACCT 522 and FIN 534. Students will acquire the concepts and techniques available to corporations, non-profit organizations and other organizations to manage enterprise risks, including risk assumption, prevention, diversification, and transfer via insurance and non-insurance market mechanisms. The costs associated with such risks as product liability, environmental impairments, property losses, work-related injuries, and employee benefits (e.g., pensions, health insurance, etc.) affect the daily management of all organizations. Likewise, a fall in demand for its product, a sudden rise in production or financing costs, or a technological failure or destruction of information, can impair the value of the enterprise. Managers who make decisions without appropriate consideration of risk management issues can jeopardize the long-term survival of their organizations.

ACCT 670. Ethics & Government in Accounting (3; AR)
This course is designed to help students deal with the ethical implications created in an increasingly complex business world, especially in the field of accounting. It includes methods for analyzing one's own personal values and recognizing organizational governance and environmental forces that influence ethical behavior. Students will recognize ethical issues and engage in effective moral debate in a business setting. A combination of case analyses, research paper, exams and classroom discussion are used.