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Accountancy (ACCT) Courses

Lower Division

ACCT 205 INTRODUCTION TO FINANCIAL ACCOUNTING (3-0-3)(F,S,SU). Introduction to financial reporting. The primary objective is to make the student aware of the importance of accounting information as a powerful tool in the business decision-making process. Emphasis of the course is on the uses of financial information in making investment and credit decisions rather than the preparation of the information. PRE/COREQ: ITM 105 or satisfactory completion of computer competency exam covering basic spreadsheet skills or an alternate instructor-approved course.

ACCT 206 INTRODUCTION TO MANAGERIAL ACCOUNTING (3-0-3)(F,S,SU). Emphasizes the use of accounting information in business planning, control, and decision making. Students should develop their abilities to: 1) identify and gather relevant financial information for decision making and prepare elementary reports; 2) understand and evaluate published financial reports; and 3) communicate this information to assist in managerial decision making. PREREQ: ACCT 205 and ITM 105 or satisfactory completion of computer competency exam covering basic spreadsheet skills.

ACCT 290 FOUNDATIONS OF THE ACCOUNTING PROFESSION (3-0-3)(F,S,SU). Designed to provide a technical and professional foundation for accounting students. Includes the completion of a comprehensive, accounting-cycle project, including the use of accounting software. Also includes an overview of what it means to be an accounting professional; topics include professional judgment, ethical and societal responsibilities, career paths, and strategies for long-term success. PREREQ: ACCT 205 and ITM 105 or satisfactory completion of computer competency exam covering basic spreadsheet skills.

Upper Division

Upper-division courses in the Department of Accountancy (those with a course numbered 300 or higher) provide higher-level instruction to students who have the skills necessary to perform at this level. In addition to fulfilling the specific prerequisites listed and meeting the general university requirements for junior standing, every student admitted to a course is expected: to communicate clearly and correctly so that assignments such as term papers and presentations can be completed effectively; to organize and solve problems using the techniques of college algebra; and to use a computer for simple word processing and spreadsheet applications.

ACCT 302 SURVEY OF FEDERAL INCOME TAXATION (3-0-3)(F,S). Theory and practice of federal income taxation, including concepts of taxation as they apply to businesses, individuals, flow-through entities and corporations. Specific topics include property transactions, individual tax rules, business revenue and expense issues, and state taxation. Emphasizes the social, political and ethical considerations of tax law. PREREQ: Admission to COBE, ACCT 206, ITM 105 or satisfactory completion of computer competency exam covering basic spreadsheet skills.

ACCT 304 INTERMEDIATE ACCOUNTING I (3-0-3)(F,S). Study of financial reporting concepts and preparation of general purpose financial statements for external users based on U.S. generally accepted accounting principles. Emphasis on income measurement and valuation of assets. PREREQ: Admission to COBE, ACCT 206, ACCT 290 and ITM 105 or satisfactory completion of computer competency exam covering basic spreadsheet skills.

ACCT 306 INTERMEDIATE ACCOUNTING II (3-0-3)(F,S). Continuation of ACCT 304. Covers more advanced financial reporting topics, with a continued focus on preparation of general purpose financial statements for external users based on U.S. generally accepted accounting principles. Emphasis on measurement and reporting of liabilities and stockholders’ equity. PREREQ: ACCT 304.

ACCT 314 COST ACCOUNTING (3-0-3)(F,S). Development and use of cost information for strategic cost management. Common costing methods, variance analysis, lean accounting, and responsibility accounting. Emphasizes how costs affect managers’ decisions. Applies course topics to more realistic and less structured situations. Ethical and strategic aspects of cost accounting. PREREQ: Admission to COBE, ACCT 206, BUSSTAT 207 or MATH 254, and ITM 105 or satisfactory completion of computer competency exam covering basic spreadsheet skills.

ACCT 350 ACCOUNTING INFORMATION SYSTEMS (3-0-3)(F,S). The study of the intersection of accounting, information technology, and data for decision making. Topics include the information life cycle, modeling business processes, frameworks and current assessment of governance, risk management, internal control, and information security. Applied projects and use of software in process modeling, design of controls, and data analytics. PREREQ: Admission to COBE, ACCT 290, ITM 310, and ITM 106 or computer competency exam covering basic database skills.

ACCT 405 FINANCIAL STATEMENT AUDITING (3-0-3)(F,S). Introduction to financial statement audits which provide the credibility necessary for the financial markets to operate. Topics include professional standards, SEC requirements for auditors in planning, evidence gathering and accumulation, and reporting. Ethical and legal considerations are also discussed. PREREQ: Admission to COBE, ACCT 306, ACCT 314 and ACCT 350.

ACCT 410 ADVANCED ACCOUNTING (3-0-3)(F,S). Topics include accounting for business combinations, including consolidated financial statements, and governmental accounting. PREREQ: Admission to COBE and ACCT 306.

ACCT 480 SELECTED ACCOUNTING TOPICS (3-0-3)(S). Current accounting topics and issues are investigated in this class. PREREQ: Admission to COBE, PERM/INST.

ACCT 485 VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM (0-2-1)(S). Supervised participation in the Volunteer Income Tax Assistance (VITA) Program to support free tax preparation service for underserved low-to-moderate income individuals, persons with disabilities, the elderly, and those with limited English speaking ability. May be repeated for a total of 2 credits. PREREQ: Admission to COBE, ACCT 302.