An introduction to current accounting theory and practice, including accounting concepts, principles, financial statements, the accounting cycle, and selected assets such as cash, receivables, inventory and long-term assets. CREDIT: 3 SEMESTER HOURS.

A continuation of ACC 201. A study of accounting fundamentals including current liabilities, partnerships, corporations, the statement of cash flows, investments and financial performance evaluation, and accounting information for managerial decision-making.

An exploration of decision- making tools and use of accounting information used by internal management for directing and controlling an organization’s resources.

A comprehensive study of concepts and principles underlying corporate financial accounting and reporting. Emphasis is given to current assets and operating assets.

A continuation of ACC 301. A study of investments, current and long-term liabilities, stockholders’ equity, pensions, leases, accounting changes and error analysis, statement of cash flows, and interperiod income tax allocation.

Prequisites: ACC 302 with grade of C or better. This course is a continuation of ACC 301 and 302. The course consists of a comprehensive study of concepts and principles underlying current financial accounting and reporting practices, including IFRS. Topics include pensions, leases, accounting changes and error analysis, accounting for income taxes, statement of cash flows, governmental and non-profit accounting, business combinations and consolidated financial statements.

The study of cost behavior from a managerial perspective. The principles, practices, and procedures involved in collecting, assembling, analyzing, and controlling manufacturing costs are examined.

An exploration of the flow of accounting information and resources throughout the entity with respect to management decision/making and control. Hands-on experience with microcomputer accounting software is an integral part of this course.

A study of the attest function, including history, scope of service, ethics, and responsibilities. Planning procedures used in independent audits and the impact of materiality, risk and internal controls are covered.

Study of generally accepted accounting and reporting principles for governmental and non-profit entities. Particular emphasis is on state and local government using fund accounting.

The study of accounting data and financial statements for reporting and planning purposes and the analysis and interpretation of financial statement for accounting, management, and investment purposes. Applications and financial software are utilized to construct pro-forma statements and complete case analysis assignments.

Study of federal income tax concepts, laws and rules relating to individuals and businesses. Basic tax return preparation and tax research are included.

Exploration of federal income tax laws, rules, regulations, and court decisions applicable to partnerships, corporations, fiduciaries and international transactions and estate and gift transfer taxes.

Off-campus, on-the-job employment related to the discipline of accounting.

An exploration of contemporary topics in accounting. Examples of topics include fraud auditing, forensic accounting, IFRS or other emerging or relevant topics. May be repeated up to three times for credit for different topics

Research and in/depth study of a particular accounting concept or problem under the guidance of a faculty member.