ACC Course Descriptions
ACC 245 Principles of Accounting I 4 cr.
This introductory course examines the basic principles of accounting. Students work through the entire accounting cycle by analyzing and posting business transactions, recording adjusting journal entries, and preparing basic financial statements. Accounting systems and controls are also covered.
ACC 246 Principles of Accounting II (ACC 245) 4 cr.
Students explore the balance sheet in more detail, focusing on internal control of cash receipts and payments, accounting for receivables, inventory cost flow, fixed assets and intangible assets, and current liabilities.
ACC 247 Principles of Accounting III (ACC 246) 4 cr.
This course examines the unique aspects of accounting for corporations including stock transactions, accounting for dividends, earnings per share, and business combinations. Other topics include accounting for bonds payable, the statement of cash flows, and financial statement analysis.
ACC 280 Intermediate Accounting I (ACC 247) 4 cr.
Advanced financial reporting concepts are the focus of this course. Students perform an in-depth examination of financial statement preparation, analysis, and reporting. This course also explores asset measurement and income determination as applied to cash, receivables, and inventories.
ACC 381 Intermediate Accounting II (ACC 280) 4 cr.
Advanced financial reporting concepts are the focus of this course. Major topics include accounting for assets (tangible and intangible), depreciation methods, reporting requirements for current and long-term liabilities, accounting for dividend distributions, accounting for convertible securities, and computing earnings per share.
ACC 382 Intermediate Accounting III (ACC 381) 4 cr.
Advanced financial reporting concepts are the focus of this course. Major topics include accounting for debt and equity securities; application of revenue recognition principles; accounting for income taxes, pensions, leases, changes, and errors; an in-depth study of the Statement of Cash Flows; and understanding financial statement notes and disclosure requirements.
ACC 401 Financial Accounting (co-requisite BCS 440*) 4 cr.
This course introduces fundamental concepts in financial accounting, which are used to create financial statements for external users. The focus is on the accounting cycle and financial statement preparation (primarily the income statement and balance sheet).
ACC 402 Managerial Accounting (ACC 401) (co-requisite OPM 400*) 4 cr.
This course explores basic managerial accounting concepts used to support business decisions. Topics include basic cost concepts, product costing methods, activity-based costing, cost-volume-profit analysis, standard costing, budget preparation, and relevant cost analysis.
ACC 405 Legal Issues for Public Accountants (residency status) 4 cr.
Professional accountants must be able to recognize relevant legal issues and how they relate to accounting and auditing. This course is designed to familiarize students with the various legal topics that accountants encounter on a regular basis, and to prepare students for the business law topics of the CPA examination. Emphasis is placed on various legal topics, including business organizations, contracts, debtor-creditor relationships, securities law and regulation, and the uniform commercial code.
ACC 415 Governmental/Non-Profit Accounting (ACC 382) 4 cr.
In this course, students will study issues in municipal accounting, especially as relevant to city, state, and federal agencies with attention to bond financing, funds, and budgets. An overview of accounting for non-profit organizations will also be presented.
ACC 440 Cost Accounting I (ACC 382) 4 cr.
This course covers the role of the management accountant in an organization. Emphasis is placed on planning and controlling operations and on supporting decision making. Specific topics include cost concepts, cost behavior, job-order and process costing systems, cost-volume-profit analysis, and variable costing.
ACC 441 Cost Accounting II (ACC 440) 4 cr.
This course covers advanced cost concepts used to support management decision making. Specific topics include activity-based costing, profit planning, standard costing and performance evaluation, flexible budgets, relevant cost analysis, segment reporting, and capital budgeting decisions.
ACC 450 Introduction to Taxation (ACC 382) 4 cr.
This course provides a broad overview of Internal Revenue tax codes as applied to corporations. Students will study various corporate transactions, including the formation, operation, and liquidation of the entity. The goal of this course is to provide students with an understanding of fundamental corporate tax concepts.
ACC 455 Individual Taxation (ACC 382) 4 cr.
The focus of this course is on the study of personal federal income tax laws, forms, and reporting mechanisms, and their application to individual taxes. Topics to be covered will include: income and loss realization and recognition, capital gains and losses, exemptions, rates, gross income items, deductions of business expenses, employee expenses, and itemized deductions.
ACC 465 Corporate Taxation (ACC 382) 4 cr.
Anticipating and understanding the tax consequences and implications of corporate entities is an essential part of accounting practice. In this course, students study various corporate transactions beginning with the formation and operation of the corporation and proceeding to other advanced topics, such as: capital structure, earnings and profits, dividend distributions, stock redemptions, liquidations, and re-organizations. The course also focuses on the tax aspects of "S" corporations, including formation of an "S" corporation, operating activities, distributions, and termination of an "S" corporation. Emphasis is placed on developing the student's ability to identify and logically explain the tax consequences of various corporate transactions.
ACC 470 Accounting Information Systems (residency status) 4 cr.
This course examines the design, operation, and control of accounting information systems. Emphasis is placed on transaction cycles and business processes, with a focus on the flow of financial transactions through the accounting information system. Internal control concepts and their application to the information systems are also considered.
ACC 472 Advanced Financial Accounting I (ACC 382) 4 cr.
This course provides an in-depth examination of accounting for business combinations. Emphasis is placed on direct acquisitions, preparation of consolidated financial statements, and miscellaneous topics related to business combinations.
ACC 475 Advanced Financial Accounting II (ACC 472) 4 cr.
This course covers international accounting issues and partnerships. The international accounting portion focuses on the international accounting environment and compares accounting principles of several countries. In the partnership portion, students examine the entire partnership cycle from formation to liquidation, and study the unique accounting principles associated with partnerships.
ACC 495 Auditing I (ACC 382) 4 cr.
This course provides a broad overview of auditing theory. This encompasses the various purposes and contexts for auditing, audit planning and analytical procedures, gathering and evaluating audit evidence, materiality and risk, consideration of internal controls, and the nature of appropriate communication.
ACC 496 Auditing II (ACC 495) 4 cr.
This course focuses on the application of audit theory to audit practice. In this auditing practice course students will learn how to apply the audit process to the various business cycles of an organization. Topics to be covered include methodology for designing tests of transactions and balances, applications of audit sampling, and computer-assisted audit techniques.