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.