ACCT 260. FINANCIAL ACCOUNTING (Formerly ACCT 261 & ACCT 262)
This course will provide the student with an understanding of how financial accounting information is used in business decision making and its importance as a field of study regardless of major. Basic transaction analysis, journal entries, and T-accounts are used to provide the structure for understanding the interplay between management decisions and the analysis of financial statements. Prerequisites: MATH 105 or 106; ITM 153. Offered in both Fall and Spring semesters. One semester; three credits

ACCT 265. INTERMEDIATE ACCOUNTING I (Formerly ACCT 361)
This course provides an in-depth study of accounting theory and records, the reporting process, inventories, tangible and intangible assets, cash and temporary investments, receivable, and long-term investments such as stocks and bonds. Various pronouncements of the Financial Accounting Standards Board are covered. Prerequisite: ACCT 260. A grade of “C” or better in this course is required to proceed to 300 and 400 level accounting courses. Offered in the Spring semester. One semester; three credits

ACCT 270. MANAGERIAL ACCOUNTING (Formerly ACCT 360)
Managerial accounting introduces the student to methods of using accounting information within an organization to plan operations, control activities, and make decisions. Accounting methods covered include cost-volume profit analysis, profit planning, variance analysis and other techniques that aid in decision making and evaluation of business performance. Prerequisite: ACCT 260. Corequisite: FIN 327 for non-accounting majors. One semester; three credits

ACCT 300/301 CAREERS IN ACCOUNTING
Intended to provide students with an overview of the various types of career opportunities available to finance and accounting graduates and how to prepare for each. Finance and Accounting professionals from industry will make presentations to the class regarding their own career experiences, the skills and knowledge required to obtain entry level positions in their field and internship opportunities. Students will be expected to develop a career plan as part of the course. Open to any interested student. No prerequisites but recommended for spring of the sophomore or junior years. (Same as FIN 300/301 – Careers in Finance) Pass/Fail. One semester; one credit

ACCT 312. ACCOUNTING SYSTEMS (Formerly ACCT 410)
Principles underlying establishment of complete accounting systems; application to typical business organizations; emphasis on the functions of control and protection. Prerequisite: ACCT 365. Offered in the Spring semester. One semester; three credits.

ACCT 319. COST ACCOUNTING I
The course is designed to provide in-depth coverage of cost accounting concepts, objectives, and accumulation and reporting procedures. Particular attention is given to material, labor and overhead costs in job order and process cost accumulation systems. The importance of cost accounting as a management tool in planning, controlling, and analysis is emphasized throughout the course. Prerequisite: ACCT 260. Offered in the Fall semester. One semester; three credits

ACCT 365. INTERMEDIATE ACCOUNTING II (Formerly ACCT 362)
Coverage of corporate accounting is continued; accounting for bonds; special purpose funds; correction of prior periods; special problems of income determinations; comparative statements; ratio analysis; statement of cash flows. Various pronouncements of the Financial Accounting Standards Board are covered. Prerequisite: ACCT 265. A grade of “C” or better in this course is required to proceed to ACCT 312 or any 400 level accounting courses. One semester; three credits

ACCT 400. ACCOUNTING INTERNSHIP (Formerly BUS 400)
Under the supervision of a faculty member from the appropriate department, students in the School of Business, after receiving the approval of the faculty, are placed in the offices of cooperating firms to receive on-the-job training under the supervision of members of the firm. Credit is granted upon acceptance of periodic reports and a final summary report of work done verified by the authorized supervisor and the instructor. Pass/Fail Grading. One semester; three credits

ACCT 412. AUDITING (Formerly ACCT 405)
This course is an introduction to the auditing profession. Particular attention is given to the Generally Accepted Auditing Standards, audit reports, ethical and legal responsibilities, evidence, audit risk and materiality, internal control, audit programs and the overall audit plan. The auditor’s decision-making process is emphasized throughout the course. Prerequisite: ACCT 312. Offered in the Fall semester. One semester; three credits

ACCT 430. FEDERAL INCOME TAXATION I (Formerly ACCT 321)
This course introduces the student to the current Income Tax Code and the effect the Internal Revenue Service and the courts have had on the evolution of Federal tax law. Application of the Federal Income Tax to individuals, and the determination of their tax liability is explained. Basic tax research is introduced through the use of various tax services, court decisions, and regulations. This research is considered a prerequisite for success in tax practice. Principles and procedures of sound tax planning are introduced. Prerequisite: ACCT 365. One semester; three credits

ACCT 431. FEDERAL INCOME TAXATION II (Formerly ACCT 322)
This course is a follow-on course with more advanced tax areas such as gain and loss determination, net operating loss concepts, and other topics. The application of the Internal Revenue Code to partnerships and corporations and the development of their tax reporting are introduced. Tax research, as it applies to advanced tax topics, and further discussion of sound tax planning are continued. Prerequisite: ACCT 430. Offered in the Spring semester. One semester; three credits

ACCT 460-464. SPECIAL TOPICS IN ACCOUNTING.
Each course is designed to permit intensive study into topics of special interest and timeliness in the area of Accounting. Offered as needed. One semester; three credits

ACCT 465. ADVANCED ACCOUNTING I (Formerly ACCT 375 and ACCT 423)
Advanced Accounting I is a continuation of Intermediate Accounting in that it further explores financial accounting topics with an emphasis on consolidated financial statements. Coverage also includes accounting for branch offices and partnerships. Prerequisite: ACCT 365. Offered in the Spring semester. One semester; three credits

ACCT 475. GOVERNMENTAL ACCOUNTING (Formerly Advanced Accounting II)
This course examines the procedures used by government units, particularly municipalities and not-for-profit entities. Emphasis in the course is on budgetary and fund accounts. Prerequisites: ACCT 365, 412, 431, 480, and 490. Offered in the Spring semester. One semester; three credits

ACCT 480. FINANCIAL STATEMENT ANALYSIS
This course is a review of financial statements for fairness and completeness in reporting. The focus is on the analysis of financial statements and related footnotes from the standpoint of the different users of financial reports. Required of all Accounting majors. Open to any interested student. Prerequisite: ACCT 260. (Same as FIN 480). Offered in the Spring semester. One semester; three credits

ACCT 490. PROFESSIONAL ACCOUNTING ETHICS
This course provides the student with an understanding of, and an appreciation for, the various ethics requirements of the accounting profession. Specific attention is given to the Coed of Ethics of the AICPA, the IMA, and the FEI. Students will also understand the ethics requirements for certification by the State Boards of Accountancy. Prerequisites:  ACCT 265 and 365. Offered in the Fall semester. One semester; three credits