Prerequisite: None
Offered: Fall, Spring, Summer
Credits: 3 hrs.

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.

Prerequisite: 201
Offered: Fall, Spring, Summer
Credits: 3 hrs.

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.

Prerequisite: 201
Offered: Fall
Credits: 3 hrs.

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 organization’s operations. It includes data gathering, processing, preparing reports, and controls over the operations of the organization. It includes both manual and computerized systems with emphasis on internal controls.

Prerequisite: 201
Offered: Fall, Summer
Credits: 3 hrs.

Reviews the accounting cycle, discusses the conceptual framework as a basis for accounting theory, and provides an in-depth study of GAAP in relation to preparation of financial statements. Topics include the time value of money and accounting for current (and non-current) assets.

Prerequisite: 323
Offered: Spring, Summer
Credits: 3 hrs.

This course provides an in-depth study of GAAP in relation to preparation of financial statements, including (1) accounting for current (and non-current) liabilities and stockholders’ equity and (2) calculating EPS. Special topics include accounting for investments, income taxes, pensions, and leases.

Prerequisite: 202
Offered: Fall, Spring
Credits: 3 hrs.

The planning, control, and decision aspects of internal accounting. Topics include cost accumulation and assignment, decentralized operations, and performance measurements.

Prerequisite: 201 or permission of the school
Offered: Fall
Credits: 3 hrs.

Emphasizes the study of individual income taxation. Major topics revolve around the determination of taxable income, including filing status, gross income and exclusions, deductions, gains and losses. Other areas of study include the federal tax system and tax research.

Prerequisite: 320, 324
Offered: Spring
Credits: 3 hrs.

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.

Prerequisite: 324
Offered: Fall
Credits: 3 hrs.

An in-depth study in specific accounting issues associated with the preparation of financial statements (e.g., business combinations, consolidated statements, and international operations) and some work in not-for-profit financial reporting (e.g., governmental fund accounting).

Prerequisite: 324
Offered: Fall
Credits: 3 hrs.

An in-depth study of the financial accounting and reporting requirements and methods for state and local governments. Also the unique accounting and reporting practices of hospitals, academic institutions, human service organizations, and other non-business organizations are surveyed.

Prerequisite: 324
Offered: Spring
Credits: 3 hrs.

Using web-based research materials, an in-depth examination of three topical areas in law, tax, and accounting, with special relevance to graduating seniors.

Prerequisite: 328 or permission of the school
Offered: Spring
Credits: 3 hrs.

Generally emphasizes the study of business income taxation. More specifically, it focuses on the application of federal law within the context of the income taxation of (a) regular “C” corporations and their shareholders, (b) “S” corporations and their shareholders and (c) partnerships and their partners. Topics include the income tax consequences of the formation, operation, consolidation, and termination of business entities.

Prerequisite: 328 or concurrent registration in 328 or permission of the school
Offered: Fall
Credits: 3 hrs.

Focuses on applied research in Federal taxation. It examines (1) primary sources of the tax law (e.g., the Internal Revenue Code, Treasury Regulations and Supreme Court rulings) and (2) various tax research methodologies. It includes practical written assignments that (a) require application of specific primary sources and (b) must be completed using state-of-the-art, online, tax research databases to locate and interpret primary source materials.