ACC 201 Financial Accounting 3 SH
This course is a study of the basic concepts and procedures utilized in the accounting process. Emphasis is on financial statements, recording processes, income determination, systems, and controls. Issues regarding the recognition, measurement, and presentation of assets, liabilities, and equity are studied in detail. Ethics will also be discussed and integrated within the course. Fall and Spring Semesters. Prerequisite: MAT 098 or MAT 100P or appropriate test score.
ACC 202 Managerial Accounting 3 SH
A basic study of the concepts of managerial accounting. Emphasis is placed on the cost-planning process, cost effectiveness, the evaluation tools available for performance measurement, and the budgeting process. Spreadsheet software will be used to prepare reports and analyze accounting data. Fall and Spring Semesters. Prerequisite: MAT 100 or MAT 100P or appropriate placement level and ACC 201.
ACC 298 Faculty Developed Study 1–6 SH
ACC 299 Student Developed Study 1–6 SH
ACC 301 Intermediate Financial Accounting I 3 SH
An in-depth study of those intermediate accounting principles and practices used in financial recording and reporting. Following an extensive review of the fundamental processes, content emphasis is on the financial statements and current assets. Fall and spring semesters. Prerequisite: MAT 100 or 100P or appropriate placement level and C- grade or better in ACC 201.
ACC 302 Intermediate Financial Accounting II 3 SH
Continuation of ACC 301, with coverage of accounting for fixed assets, leased assets, current and long-term liabilities, investments and stockholders’ equity. To pass, students must be certified in a spreadsheet application as determined by the Accounting Department. Prerequisite: ACC 301 and GPA ≥ 2.3
ACC 303 Intermediate Financial Accounting III 3 SH
A continuation of Intermediate Financial Accounting I and II. The course includes study of leases, compensation, changes and errors, income taxes, the statement of cash flows, and derivatives. Fall and spring semesters. Prerequisite: ACC 302.
ACC 340 Business Law I 3 SH
A systematic presentation and discussion of the legal principles and concepts affecting business procedures and practices. Particular emphasis is given to the historical nature and role of law in torts, contracts and commercial paper. The Uniform Commercial Code and the major federal acts affecting the economics of business are reviewed. Fall semester only.
ACC 341 Business Law II 3 SH
Designed to develop student awareness of the legal rights and responsibilities of persons who are entrepreneurs as well as citizens. Presents topics on accountants’ liability, securities regulation, agency, partnership, corporation, property, insurance and estates. A required course for students seeking to pass the law section of the Uniform Certified Public Accountancy Examination. Spring semester only. Prerequisite: ACC 340 or JLA 240.
ACC 361 Cost Accounting 3 SH
The continuing study of the control and distribution of cost within firms as an effective analytical tool to management in planning and controlling business operations. Fall semester only. Prerequisite: ACC 202.
ACC 402 Governmental & Non-Profit Accounting 3 SH
This course is an introduction to fund accounting, emphasizing general, special revenue, capital improvement, debt service, trust agency, enterprise, intra-governmental, and other fund concepts used by state, municipal, and other governmental entities. The course will also provide an introduction to governmental auditing concepts and procedures, including the Yellow Book and Single Audit Act. The course will also introduce students to the accounting concepts and practices employed by not-for-profit organizations, such as private schools and hospitals, and with the financial reports used by such organizations. Prerequisite: ACC 302, GPA of 2.3 or higher.
ACC 403 Federal Taxation 3 SH
A detailed analysis of tax law, rules and regulations as applied to small business corporations. Fall semester only. Prerequisite: ACC 302, GPA of 2.3 or higher.
ACC 404 Advanced Taxation 3 SH
A continuation of the content of ACC 403. This course intends to familiarize the student with tax problems encountered by such entities. Spring semester only. Prerequisite: ACC 403, GPA of 2.3 or higher.
ACC 405 Auditing 3 SH
A study of the accounting professional’s responsibilities in connection with auditing situations. Emphasis is placed both on audit theory and the practical applications of auditing standards in a simulated audit. Fall semester only. Prerequisite: ACC 303, GPA of 2.3 or higher.
ACC 407 Consolidations and Partnerships 3 SH
The course examines initial accounting for mergers and acquisitions, the preparation of post-merger consolidated statements and accounting for partnerships. Topics include the equity and acquisition methods of accounting for investments, translations or re-measurement of foreign subsidiaries’ financial statements into U.S. dollars and partnership accounting. Fall semester. Prerequisite: ACC 302.
ACC 410 Fraud Examination 3 SH
This course is designed to prepare students to identify, detect, and prevent financial fraud. The course covers the nature of fraud and the different types of fraud, including e-business fraud that is now possible in today’s technological world. The course will also study the nature of fraud perpetrators, why they commit fraud, warning signals that fraud may occur, and effective ways to use technology to proactively search for fraud. Spring semester. Prerequisite: ACC 302, GPA of 2.3 or higher, Senior standing.
ACC 411 Valuation of Closely Held Businesses 3 SH
This course is designed to provide students seeking an understanding of the basics of business valuation with a comprehensive introduction to the theory and practice of determining the value of a non-publicly traded business entity or a fractional share of a non-publicly traded business entity. Alternate spring semesters. Prerequisite: Senior standing in accounting or finance or the equivalent, GPA of 2.3 or higher.
ACC 412 Valuation of Damages and Lost Profits 3 SH
This course is designed to provide students seeking an understanding of the basics of damage valuation with a comprehensive introduction to the theory and practice of determining the valuation of damages and lost profits arising from breach of contract, commercial disputes, personal injury, wrongful death, and wrongful termination. Alternate spring semesters. Prerequisite: Senior standing in accounting or finance or the equivalent, GPA of 2.3 or higher.
ACC 413 Financial Statement Analysis 3 SH
Examine the tools and techniques to analyze and evaluate financial statements. Using real cases and situations, students will apply the various analytical techniques and skills to assess financial statements. Prerequisite: ACC 302 and a 2.3 or better GPA.
ACC 420 Data Analytics in Accounting 3 SH
Study of the use of accounting data to identify, analyze and solve business problems. Examines the processes needed to develop, report and analyze accounting data. Hands-on experiences will develop skills with select software tools used in data analytics for accounting professionals. Prerequisite: ACC 302 and a 2.3 or better GPA.