Accounting Courses (ACTG)

1110 Introduction to Accounting. Three credits. A one-semester general course for students desiring a knowledge of accounting terms, financial statements, and the capital structures of sole proprietorships, partnerships, and corporations. (Credit not allowed in a business major or minor.)

2110 Principles of Accounting I. Three credits. Prerequisites: A college-level math course; ENGL 1010; sophomore standing. Financial accounting for proprietorships and partnerships with emphasis on the accounting cycle for service and merchandising organizations. Additional topics include accounting for receivables; inventories; property, plant, and equipment; and current liabilities. (Not open to students with credit in ACTG 3000.)

2120 Principles of Accounting II. Three credits. Prerequisite: ACTG 2110. A continuation of financial accounting concepts with emphasis on debt and equity structures, the statement of cash flows, and ratio analysis. Managerial accounting topics include job, standard- and activity-based costing, cost/volume/profit (CVP) analysis, and budgeting.

3000 Survey of Accounting for General Business. Three credits. Accounting cycle given minor emphasis; financial statement analysis and managerial uses of accounting given major emphasis. May be used for general business minors or M.B.A. candidates who have had no previous accounting courses. (Not open to Accounting majors and students with credit in ACTG 2110 and 2120.)

3020 Managerial Accounting. Three credits. Prerequisites: ACTG 2120 or 3000; junior standing. Analysis of costs of products and services, recognition of quantitative techniques relating to management objectives, overview of master budgeting, and planning and control techniques. Designed for non-accounting majors. (Not open to students. with credit in ACTG 3310 or Accounting majors.)

3110 Intermediate Accounting I. Three credits. Prerequisites: ACTG 2120 or ACTG 3000 with minimum grade of C; MATH 1630; GPA of at least 2.00; junior standing; passing grade on departmental admission exam. Introduction to professional accounting standards and financial statement preparation. Review of the accounting cycle. Extensive coverage of time value of money concepts and accounting for and reporting of current assets; current liabilities; and property, plant, and equipment.

3120 Intermediate Accounting II. Three credits. Prerequisite: ACTG 3110 with minimum grade of C. Continuation of Intermediate Accounting I with professional accounting standards and financial statement preparation. Extensive coverage of accounting for and reporting of investments, long-term liabilities, owners’ equity and related issues, revenue recognition, accounting changes and errors, and cash flows.

3130 Financial Accounting and Reporting Ill. Three credits. Prerequisite: ACTG 3120 with minimum grade of C. Accounting practices and fundamental theories with some authoritative accounting pronouncements.

3310 Cost Accounting. Three credits. Prerequisites: ACTG 2120 or 3000 with minimum grade of C; MATH 1630; INFS 2200; junior standing. Determine costs of products or services, apply quantitative concepts relating to management objectives, prepare master budgets, and perform various techniques for planning and controlling in a business environment.

3560 General Taxation and Accounting. Three credits. Prerequisites: ACTG 2120 with C or better; junior standing. Current tax topics related to payrolls, sales and excise taxes, personal property and realty taxes, and estate and gift taxes; local, state, and federal taxing systems as applied to taxpayers as individuals and as small business and property owners. (Not open to Accounting majors.)

4110 Advanced Financial Accounting. Three credits. Prerequisite: ACTG 3120 with minimum grade of C. Extensive coverage of consolidated financial statement preparation. Financial accounting topics including interim financial reporting, segment reporting, foreign currency issues, and partnerships also covered.

4310 Advanced Cost Accounting. Three credits. Prerequisites: ACTG 3310 with minimum grade of C; Q M 3620. In-depth analysis of costs; quantitative concepts relating to management objectives, control, and planning. Cost analysis and management accounting practices and problems using a variety of problem sets, statistical techniques, case studies, computer applications, and other materials.

4420 Accounting Internship. Three credits. Prerequisites: Senior standing or consent of advisor; a plan of activities with the associated firm, prior to registration. Active employment with an accounting firm, governmental agency, or business firm for accounting field work; credit given for experience and research upon completion of acceptable work and formal report. (Not counted as part of 24-hour Accounting major requirements.) Pass/Fail.

4510 Accounting Systems. Three credits. Prerequisites: ACTG 2120 or 3000 with minimum grade of C; INFS 2200; junior standing. An introduction to accounting information systems in a variety of technological environments. Emphasis on business process modeling, accounting cycle controls, and database design and implementation.

4530 Federal Taxes I. Three credits. Prerequisites: ACTG 2120 or 3000 with minimum grade of C; junior standing. Addressed to a determination of taxable income for individuals; federal income tax returns and research methods.

4540 Federal Taxes II. Three credits. Prerequisites: ACTG 3120 and 4530 with minimum grade of C. Structure of taxation for corporations, partnerships, estates, trusts, gifts; returns and research.

4570 International Accounting. Three credits. Prerequisites: ACTG 2110 and 2120 or equivalent with C or better; junior standing. Provides exposure to development of accounting systems and entrepreneurial practices in several countries, international accounting standards, specific international financial reporting issues, international financial statement analysis, managerial accounting issues for global businesses, and international taxation issues.

4610 Governmental Accounting and Reporting. Three credits. Pre-requisites: ACTG 3120 with minimum grade of C. State and local government accounting principles and procedures; classifications of accounts for budgetary and financial reporting; accounting for revenues and expenditures or expenses; reporting for funds and the governmental entity; and auditing the governmental entity.

4620 External Auditing I. Three credits. Prerequisites: ACTG 3120 and 4510 with minimum grade of C; Q M 3620. Applications of theory and principles of external auditing. Includes gathering and evaluating evidence on accounting data, preparation of reports by public accountants, evaluation of internal controls, use of statistical sampling, legal liability and ethical requirements of public accountants. (Recommended for CPA exam candidates,)

4630 External Auditing II. Three credits. Prerequisite: ACTG 4620 with minimum grade of C. Audit procedures used in tests of controls and in substantive tests for the major transaction cycles by using both microcomputer and statistical sampling.

4640 Internal Auditing. Three credits. Prerequisite: ACTG 3120 with a minimum grade of C. Application of internal auditing concepts. Includes gathering and analyzing company data, assessing risk, applying professional and ethical standards, performing statistical sampling, and preparing internal audit reports. (Recommended for CIA exam candidates.)

4650 Accounting Theory. Three credits. Prerequisite: ACTG 3120 with minimum grade of C (or taken concurrently). Analysis of propositions, axioms, theorems, controversial accounting concepts, and authoritative statements and research on accounting principles.

4660 Experiences in Financial Reporting. Three credits. Prerequisite: ACTG 3120 with minimum grade of C. Focus on researching and applying Generally Accepted Accounting Procedures (GAAP) to selected financial reporting issues and cases. Extensive use of professional judgment inherent in applying authoritative accounting pronouncements, and analysis of current corporate accounting and reporting issues. (Not open to students with credit in ACTG 4650.)

4680 Forensic Accountancy and Fraud Auditing. Three credits. Pre-requisite: .ACTG 4620 or 4640 with minimum grade of C or approval of department chair. The practice of forensic accounting, i.e., nontraditional investigative aspects of accountancy (e.g., litigation support, business interruptions, etc.); emphasis on fraud prevention and the detection of fraudulent intent to obtain improper individual or group gains.

4980 Independent Study in Accounting. One to three credits. Prerequisites: Senior standing, 3.00 overall GPA, and consent of department chair. Accounting research or project in contemporary problem areas under direct faculty supervision. Aggregate credits allowable toward a degree may not exceed 3 hours under 4980 courses.

5310 Advanced Cost Accounting. Three credits. Prerequisites: ACTG 3310 with a minimum grade of C and Q M 3620. In-depth analysis of costs, quantitative concepts relating to management objectives, control, and planning. Application of statistical techniques to solve managerial accounting problems. Heavy use of technology and communications for solving various accounting situations.

5510 Accounting Systems. Three credits. Prerequisites: ACTG 3020 or 3310 and INFS 2200 or consent of department chair. Current developments in establishment of complete accounting systems and the application of principles to typical business organizations. Special emphasis on accounting cycles, controls, and dadtabase design.

5530 Federal Taxes I. Three credits. Prerequisites: Graduate standing; and permission of department chair, Addresses determination of taxable income for individuals; federal income tax return and research methods.

5540 Federal Taxes II. Three credits. Prerequisite: ACTG 4530 (5530) with minimum grade of C or consent of instructor. Structure of taxation for corporations, partnerships, estates, trusts, gifts; re-turns and research.

5570 International Accounting. Three credits. Prerequisite: ACTG 2120 or equivalent with C or better. Development of accounting systems and entrepreneurial practices in various countries, specific international financial reporting issues, international financial statement analysis, managerial accounting issues for global businesses including budgeting and control, and international taxation issues.

5610 Governmental Accounting and Reporting. Three credits. Pre-requisite: ACTG 3120 with a minimum grade of C. State and local government accounting principles and procedures; classifications of accounts for budgetary and financial reporting; ac-counting for revenues and expenditures or expenses; reporting for funds and the governmental entity; and auditing the govern-mental entity.

5630 External Auditing II. Three credits. Prerequisite: ACTG 4620 or equivalent with a minimum grade of C. Audit procedures used in tests of controls and in substantive tests for the major transaction cycles by using both microcomputer and statistical sampling.

5640 Internal Auditing. Three credits. Prerequisite: ACTG 3120 with a minimum grade of C. Introduction to the field of internal auditing. Primary focus on data gathering and report writing unique to internal auditing.

5650 Accounting Theory. Three credits. Prerequisite: ACTG 3120 with minimum grade of C (or taken concurrently). Analysis of propositions, axioms, theorems, controversial accounting concepts, authoritative statements, and research on accounting principles.

5660 Experiences in Financial Reporting. Three credits. Prerequisite: ACTG 3120 with a minimum grade of C. Focus on applying accounting and reporting requirements to selected financial re-porting issues and cases. Credit not allowed in ACTG 5660 if student has credit in ACTG 4650 or 5650.

5680 Forensic Accountancy and Fraud Auditing. Three credits. Pre-requisite: ACTG 4620 or 4640 or approval of department chair. Practice of forensic accounting, i.e., nontraditional investigative aspects of accountancy (e.g., litigation support, business interruptions, etc.); emphasis on fraud prevention and the detection of fraudulent intent to obtain improper individual or group gains.

5840 Study Abroad. Three credits. Prerequisites: Graduate standing and completion of core courses in respective field as determined by graduate business studies. A short-term international business education experience designed to expose the student to the economic, political, cultural, and social environments of a foreign country(ies), with specific emphasis directed toward the international state/status of the subject matter pertinent to the discipline.

6000 Survey of Accounting Principles. Three credits. The accounting cycle, financial statements, accounting systems, use of ac-counting information for managerial decision-making purposes and problem solving. Not open to students with undergraduate accounting backgrounds. May not be used for elective credit in graduate business degree programs.

6100 Accounting and Legal Issues for Managers. Three credits. Surveys accounting skills and legal perspectives necessary for managers without undergraduate business degrees to enter the business world. Will not meet the requirements for the M.S. in Accounting/Information Systems nor the M.B.A. degree programs.

6310 Advanced Cost Accounting, Budgeting, and Controllership. Three credits. Prerequisite: ACTG 3020 or 3310 or 6910. Re-cent conceptual and analytic development in cost accounting, budgeting, and controllership. Includes principles and procedures in preparation of business budgets and methods of ac-counting for managerial control of cost of production, distribution, and administration through the use of standards.

6510 Federal Income Tax Research and Planning. Three credits. Pre-requisites: ACTG 4530/5530 and 4540/5540 or consent of instructor. Skillful application of tax research methodology in the use of primary tax authority, secondary tax reference materials, and research aids. Research through practice in the use of materials available in the tax library.

6430   Legal Environment of Management. Three credits. Legal rights and potential liabilities of business managers. Presentation of the legal, ethical, and political environment of business. Includes basic principles of the legal system, torts and product liability, antitrust, labor and employment laws, securities, contracts, sales, secured transactions, bankruptcy, agency, partnerships, corporations, and commercial paper. May not be used for elective credit in graduate business degree programs.

6550  U.S. International Taxation. Three credits. Prerequisites: ACTG 4530/5530 and 4540/5540. Basic concepts of U.S. taxation of international transactions. Topics include sourcing of income from foreign activities, Subpart F income, selecting the proper vehicle for foreign investments, and computing foreign tax credits.

6610 Advanced Governmental and Nonprofit Accounting and Reporting. Three credits. Prerequisites: ACTG 3120 and 4610 (5610) with a minimum grade of C. State and local government accounting principles and procedures; accounting and reporting for state and local governments, colleges and universities, hospitals, and nonprofit organizations. Auditing practices for all these organizations.

6650 Advanced Accounting Theory. Three credits. Prerequisite: Con-sent of department chair. History and development of accountancy, tax structures, and industrial development of past, present, and projected societies including relevant research into current controversial issues. Extensive research required. Required for M.S. in Accounting/Information Systems with accounting as the primary field.

6660 Advanced Financial Accounting and Reporting Problems. Three credits. Prerequisite: Accounting major or consent of instructor. Application of theoretical concepts and promulgations of authoritative bodies to financial accounting and financial re-porting situations encountered in practice.

6720 Advanced Auditing and Public Accounting Practices. Three credits. Prerequisite: ACTG 4620 or consent of department chair. Critical analysis of techniques used in auditing, method of data collection, and nature of audit evidence. Includes modern and relevant statistical and social research techniques and computer use as applied to the various steps in audit practices and procedures.

6810 Empirical Methods in Accounting. Three credits. Prerequisites: Foundation requirements and consent of instructor. Independent study and research on topics in or related to accounting under supervision of graduate faculty.

6910 Accounting and Business Decisions. Three credits. Prerequisite: ACTG 2120 or equivalent. Accounting concepts and their application to the decision-making process. Research reports on a variety of financial and managerial accounting topics prepared and presented orally by the student. Not open to students with undergraduate major in accounting.

6920 Financial Statement Analysis. Three credits. Prerequisite: ACTG 2120 or equivalent. Concepts and techniques of financial statement analysis, income determination, and related institutional background. Not open to students with undergraduate majors in accounting.

6999 Comprehensive Examination and Preparation. One credit. Open only to students who are not enrolled in any other graduate course and who will take the master's comprehensive examination during the term. The student must contact the graduate advisor during the first two weeks of the term for specifics regarding the details of this comprehensive examination preparatory course. Credit may not be applied to degree requirements.

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