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Undergraduate Catalog 2013-2014

CatalogUndergraduateSchool of Business and EconomicsACCTCourse Descriptions

Accounting Course Descriptions

All course descriptions carry behind the name and number a parenthesis ( ) indicating the credit hours, lecture hours, and the lab hours per week. For example: NSCI 110 (4-3-2). The first number in the parenthesis indicates the credit value of the course (4); the second number indicates the number of lecture hours (3) per week; and the third number indicates the number of lab hours per week (2).

ACCT 211  (3-3-0)  Principles of Accounting I: An introduction to financial accounting. A study of the basic concepts of accounting, the accounting cycle and preparation of financial statements, and the analysis and recording of transactions for operating, investing, and financing activities.
Prerequisite: MATH 121 Or MATH 123
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ACCT 212  (3-3-0)  Principles of Accounting II: An introduction to managerial accounting. A study of the uses of financial statements, the study of manufacturing operations, and the uses of accounting information by management.
Prerequisite: ACCT 211
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ACCT 300  (3-3-0)  Accounting Information Systems: This course provides basic knowledge of how accounting information systems function in business organizations. Transaction flowcharting and internal controls of the revenue, expenditure, and conversion cycles are covered in detail. Attention is also focused on basic computer terminology, EDP controls, and relational databases.
Prerequisite: ACCT 211 with a minimum grade of B And ACCT 212 with a minimum grade of B
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ACCT 310  (3-3-0)  Managerial Accounting: A continuation of ACCT 212. A study of cost terms; cost behavior; systems design; and the analysis, interpretation, and application of accounting data by management.
Prerequisite: ACCT 211 And ACCT 212
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ACCT 311  (3-3-0)  Intermediate Accounting I: A continuation of ACCT 212. A study of cost terms; cost behavior; systems design; and the analysis, interpretation, and application of accounting data by management.
Prerequisite: ACCT 211 with a minimum grade of B
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ACCT 312  (3-3-0)  Intermediate Accounting II: A continuation of Intermediate Accounting I. An in-depth study of accounting for investing and financing activities, leases, income taxes, and pensions.
Prerequisite: ACCT 311
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ACCT 320  (3-0-0)  Federal and State Income Taxes: A survey of basic tax laws and the determination of taxable income for individuals; introduction to tax research.
Prerequisite: ACCT 211 with a minimum grade of B And ACCT 212 with a minimum grade of B
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ACCT 321  (3-3-0)  Cost Accounting: A study of the various cost concepts: accumulation of product costs, joint costs in job order and process cost systems, including analysis of variances for managerial control and decision making, direct and variable costing, cost-volume-profit analysis; the buy or make decision.
Prerequisite: ACCT 211 with a minimum grade of B And ACCT 212 with a minimum grade of B
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ACCT 322  (3-3-0)  Advanced Cost Accounting: A continuation of ACCT 321: budgets and analyses of costs and other variances for management action; capital budgeting, and operations management and yield variances.
Prerequisite: ACCT 321
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ACCT 411  (3-3-0)  Advanced Accounting: Accounting and reporting for investment activities of business. Issues related to foreign currency, accounting diversity, disaggregated information, reorganizations, and liquidations.
Prerequisite: ACCT 312
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ACCT 412  (3-3-0)  Government and Public Accounting: A study of accounting for non-profit entities, including local, state, and federal government units; educational institutions; hospitals and other health care organizations; and welfare organizations. The course covers the classification and use of funds in such entities, including budgeting, purchasing and financial activities, and the presentation of financial reports by these types of organizations.
Prerequisite: ACCT 312
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ACCT 420  (3-3-0)  Advanced Federal Income Taxes: A continuation of ACCT 320: tax laws applicable to corporations, partnerships, trusts, estates, gift tax, and tax planning; substantive research work resulting in formal reports.
Prerequisite: ACCT 320
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ACCT 422  (3-3-0)  Auditing: This course covers the conceptual and practical aspects of the examination of financial statements by independent accountants. Issues examined include: objectives and techniques of internal control; standards of presentation and disclosure in financial statements; objectives and procedures for auditing practice; statistical sampling techniques; and auditing of EDP records.
Prerequisite: ACCT 312
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ACCT 424  (3-3-0)  Financial Statement Analysis: This course is a study of the process of business analysis through the evaluation of financial statements. Topics include analysis of financial statements and ratio, strategic, prospective, equity, and credit analysis. This course presumes an understanding of accounting principles in order to successfully master the course content. While some accounting concepts may be reviewed, this course is about the analysis and evaluation of financial information based on Generally Accepted Accounting Principles. Students must be able to express the analysis of cases and other course work in writing that meets professional standards.
Prerequisite: ACCT 211 And ACCT 212 with a grade of "B" or better And FINC 311 with a grade of "C" or better
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ACCT 425  (3-3-0)  Forensic and Fraud Analysis: This course helps students understand the principles of forensic accounting and fraud examination. Students will learn how and why financial fraud occurs and techniques to identify and investigate these frauds. Topics include fraud prevention, fraud detection, fraud investigation, management fraud, and other key forensic topics.
Prerequisite: ACCT 300 And ACCT 311 And ACCT 312
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ACCT 430  (3-3-0)  Accounting Theory: A study of contemporary financial accounting issues, emphasizing the role of accounting theory in accounting policy decisions; the social, political, and economic influences on the establishment of accounting standards; and the history of the accounting profession and accounting thought.
Prerequisite: ACCT 312
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ACCT 450  (3-3-0)  Accounting Internship: This course provides students with practical experience in the field of accounting in private and public organizations (including industry). Formal class meetings before and after the internship are required to evaluate the work experience of students. The program must be arranged in advance and approved by the department chairperson. This course is not open to students with credit from any similar program in the institution.
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BADM 200  (3-3-0)  Principles of Business: This course provides students with a basic study of business activity and how it relates to the economic society. The course is designed to help students develop a basic understanding of the areas of economics, management, marketing, accounting, and finance.
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BADM 209  (3-3-0)  Legal Environments of Business: An overview of law and the legal environment of business, emphasizing those parts of law necessary to understand and appreciate the regulatory role of government and including such topics as constitutional law, contracts, torts, business ethics, business organizations, and government regulations.
Prerequisite: ENGL 110 And PHIL 110
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BADM 412  (3-3-0)  Business Law: A study of the basic concepts of law applicable to the business profession and business endeavors, covering such topics as contracts, torts, commercial paper, agency, property, business organizations and constitutional protection.
Prerequisite: BADM 209
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