Accounting (ACCO) Course Descriptions

101 Financial Accounting
247 Managerial Accounting I
280 Finance
310 Business Law I
311 Business Law II
321 Intermediate Accounting I
322 Intermediate Accounting II
342 Taxation I
344 Taxation II
345 Personal Financial Planning
349 Managerial Accounting II
395, 495 Accounting Internship
421 Auditing
422 Advanced Accounting 
490 Senior Thesis
491 Contemporary Issues in Accounting Seminar

101 Financial Accounting (4 credits) Introduction to the financial information critical to decision-making for managers. This course includes reporting and interpreting: the financial position of the firm, the components of that position, the results of its operations, and its cash flows. Coverage includes accounting principles and concepts as well as models for financial analysis and ethical decision-making. No prerequisite. (EL) Note:  Minimum grade of C in ACCO 101 is required to progress to upper level accounting and select Business Administration courses.

247 Managerial Accounting I (4 credits) The ethical decision-making role of the accountant in the planning, controlling and evaluation activities is analyzed. Emphasis is on cost behavior analysis, choice of costing systems, establishing standards and evaluating performance, short-term decision making and long-term capital budgeting. Also covered are responsibility accounting, divisional performance measurement and control, and evaluation of cost centers. Prerequisite: minimum grade of C in ACCO 101.

321 Intermediate Accounting I (4 credits) A concentration on the analysis of accounting data with an emphasis on the synthesis of theory with problem application. Intermediate level topics include cash; receivables; inventory valuation; long-term assets, both tangible and intangible; and liabilities. Prerequisite: minimum grade of C in ACCO 101. (EL, QFR)

322 Intermediate Accounting II (4 credits) A continuation of the analytical approach begun in Intermediate Accounting I. Topics include liabilities, pensions, taxes, leases, stockholders' equity, the Statement of Cash Flows, and the application of revenue and expense recognition principles. The technical rules, alternative presentations, and ethical dimensions of financial decisions/disclosures are also explored. Prerequisite: ACCO 321. (EL)

342 Taxation I (4 credits) A study of the U.S. federal tax structure and the Internal Revenue Code. Emphasis is placed on the theoretical foundation and practical application of tax laws as they relate to individuals (including computerized tax preparation). Also included is an introduction to corporation and partnership taxation, as are tax law formation and tax research to support ethical decision making. Prerequisite: minimum grade of C in ACCO 101 and ACCO 247 or BUSA 280. (EL)

344 Taxation II (3 credits) A continuation of the study of the U.S. federal tax structure and the Internal Revenue Code. Emphasis is on tax provisions relating to partnerships, corporations, estates and trusts. Also included are more complex individual tax topics with greater emphasis on tax research to support ethical decision making.. Prerequisite: ACCO 342.

345 Personal Financial Planning (3 credits) This course considers the various financial issues and decisions that confront individuals and the tools and techniques used to support ethical decision making. Issues include the assessment of family net worth, credit sources and uses, risk management including insurance, and budgeting, with a focus on asset management and retirement planning. Prerequisite: BUSA 280. Offered periodically. Note:  ACCO 345 is equivalent to FINA 345.

349 Managerial Accounting II (3 credits) This course provides expanded coverage of Managerial Accounting I topics such as costing systems (job order, process, operations, activity based), budgeting, standard costs, performance evaluation, and cost-volume-profit analysis. In addition, there is a focus on critical analysis and ethical decision making in an international and quality control context. Prerequisite: ACCO 247.

395, 495 Internship in Accounting (3-6 credits) This course provides opportunities to further student professional career development. Placements are designed to utilize academic concepts in a work setting and to bring practical knowledge of a functioning business back to the classroom. Prerequisites: junior or senior standing, declaration of an accounting major/minor or finance minor, permission of the department, and satisfactory internship qualifications.

421 Auditing (4 credits) A study of auditing standards and procedures with an emphasis on ethical professional conduct. Included are legal and ethical responsibilities, internal control standards, evidence gathering techniques and accounting engagement reports. Prerequisite: ACCO 322. (EL)

422 Advanced Accounting (4 credits) An examination of the accounting for and reporting of complex areas of accounting including partnerships (organization and liquidation), business combinations, and international transactions . The ethical dilemmas associated with these areas are also discussed. Prerequisite: ACCO 322. (EL) 

490 Senior Thesis (3 credits) This course requires completion, in consultation with an accounting faculty member, of a research paper that demonstrates the ability to investigate and analyze some current accounting issue/topic and effectively communicate the results of that research. The thesis integrates accounting's conceptual framework with student research, complete with ethic considerations, that includes the formulation of a hypothesis, summary of findings and a conclusion capable of public defense. Prerequisites: ACCO 322 and senior standing.  

491 Contemporary Issues in Accounting Seminar (4 credits) A capstone course that requires students to examine and research (independently and/or jointly) one or more current complex accounting issues. Contemporary events and presentation of student research will be the basis for class discussion and analysis. Topics will integrate national and international accounting: theory, standards, practice, regulatory considerations, economic effects, behavioral outcomes, and ethical dimensions with information system design and control processes. Prerequisite: ACCO 322 and Senior standing.

Related Courses

BUSA 280 Finance (4 credits) Exploration of the interrelationship between risk and ethical strategic planning and financial value in a business environment. The sources, uses, and cost of capital are identified and investigated using quantitative analysis applied to financial information. Prerequisites: minimum grade of C in both BUSA 101 and ACCO 101. (QFR)

BUSA 310 Business Law I (3 credits) An introduction to business law's major concepts. Beginning with the major sources of law (common law, statute, and administrative/regulatory), the course then identifies the major forms of business organizations (such as corporations and partnerships) and the powers and liabilities associated with each. Contracts and personal property law (with emphasis on the Uniform Commercial Code) also are addressed, as are an overview of debtor/creditor and bankruptcy law as they relate to business. Prerequisites:  junior or senior standing.

BUSA 311 Business Law II (3 credits) An introduction to business law's major concepts. Traditional (e.g. intangibles, intellectual property, real estate/real property law, labor and employment law, agents and fiduciaries, monopoly, antitrust) and Contemporary (e.g. environmental regulation; negligence, torts, product liability, dispute resolution, arbitration, cyberlaw) legal issues are discussed using case analysis. Prerequisite:  junior or senior standing.

BUSA 348 Statistical Analysis in Operations (3 credits) This course focuses on providing products and services and includes an analysis of the production/operations function in both manufacturing, nonmanufacturing firms. Topics include productivity, competitiveness, quality, forecasting, product and service design, facilities layout and location, work environment design, and inventory management. Prerequisites: BUSA 280.