ACCOUNTING COURSES (ACTG)

Coordinator: Dr. Carolyn R. Stokes

201 Financial Accounting (3) (Prerequisite: Mathematics 111 or higher, CS 150) F, S, SU. The conceptual approach to financial accounting. The income statement, retained earnings statement, balance sheet, and cash flow statement are studied with emphasis placed on an understanding of the underlying assumptions, theories, and concepts, as well as a thorough understanding of the basic accounting equation.

202 Managerial Accounting (3) (Prerequisite: 201) F, S, SU. Introduces the planning and control aspects of internal accounting. Topics include cost systems, cost behavior, direct costing, capital budgeting, decentralized operations, relevant costs, operations budgeting, differential cost, and variance analysis.

320 Accounting Information Systems (3) (Prerequisite: 202) F, SU. An introduction to the design and implementation of a systematic structure for providing information for decision making for both management and others interested in an organizations' operations. It includes data gathering, processing, preparing reports, and controls over the operations or the organization. It includes both manual and computerized systems with emphasis on internal controls.

323 Intermediate Accounting I (3) (Prerequisite: 201 and 202 with grade of C or higher) F, SU. Reviews the accounting cycle, expands the conceptual framework, and provides an in-depth treatment of assets and liabilities and their related revenues, expenses, and cash flows.

324 Intermediate Accounting II (3) (Prerequisite: 323 with grade of C or higher) S, SU. Provides an in-depth treatment of revenue recognition, stockholder's equity, statement of cash flows, pensions, leases, price level changes, deferred income taxes, earnings per share, correction of errors, ratios, and disclosure.

325 Cost Accounting (3) (Prerequisite: 202 with grade of C or higher) S, SU. The planning, control, and decision aspects of internal accounting. Topics include cost accumulation and assignment, decentralized operations, and performance measurements.

421 Concepts of Auditing (3) (Prerequisite: 320, 324 with grade of C or higher and Management 308) F. The various concepts and techniques used to verify the amounts reported on the financial statement are covered, as well as the auditor's report, the concept of internal control, and the code of ethics.

422 Advanced Accounting (3) (Prerequisite: 324 with grade of C or higher) F. Introduces special accounting problems associated with business combinations, international operations, and preparations of consolidated statements.

424 Accounting Theory and Practice (3) (Prerequisite: 324 with grade of C or higher) S. Study of the concepts and principles underlying the procedures and methods used in accounting. Also includes discussion of governmental and not-for-profit accounting.

427 Introduction to Taxation (3) (Prerequisite: 202 with a grade of C or higher or permission of Department Chair) F. Concentrates on income taxes although other taxes such as estate and gift taxes are discussed. Emphasizes individual income taxes; however, corporate taxes and other tax-related problems are covered.

428 Advanced Taxation (3) (Prerequisite: 427 with grade of C or higher) S. Study of the principles of income taxation primarily dealing with corporate, partnership, and fiduciary taxation. Includes a survey of estate taxation, tax planning, and tax practice and administration.