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01502/Accounting (ACCT)

Foundational Courses

2101. Principles of Accounting I (3 s.h.) F S SS.

(Formerly: ACCT 0001.)

Basic concepts and principles underlying the preparation and use of financial statements. Among the topics covered will be basic accounting theory, transactional analyses, income determination, asset and liability valuation, and the preparation of financial statements.

2102. Principles of Accounting II (3 s.h.) F S SS.

(Formerly: ACCT 0002.)

Prerequisite: Grade of C- or higher in Accounting 2101 (0001). Accounting and Finance majors need to earn a grade of C or better in 2101 and 2102 to be eligible to take Accounting 2511 (0011).

Basic concepts related to the accountant`s role in the management of a company. Organization for control, determining cost behavior, responsibility accounting, capital budgeting, and profit planning.

2511. Intermediate Accounting I (3 s.h.) F S SS.

(Formerly: ACCT 0011.)

Prerequisite: Grade of C or higher in Accounting 2101 (0001) and 2102 (0002) at Temple University or the transfer institution.

Accounting principles as they relate to financial reporting. Income determination, asset and liability valuation, and the form and content of financial statements are examined.

Note: This course meets an upper-level major or business elective requirement.

2521. Cost Accounting (3 s.h.) F S SS.

(Formerly: ACCT 0121.)

Prerequisite: Grade of C or higher in Accounting 2101 (0001) and 2102 (0002) at Temple University or the transfer institution.

The accumulation and analysis of cost accounting information for the valuation of products and services, internal decision making, and measurement of financial performance.

2901. Honors Principles of Accounting I (3 s.h.) F.

(Formerly: ACCT 0091.)

Prerequisite: Open only to business designated Honors students or with special permission.

Course will develop knowledge of financial accounting theory, statement preparation, and the use of accounting data by managers and external users.

Note: May be used to fulfill the first portion of the accounting requirement for the Fox School of Business and Management.

2902. Honors Principles of Accounting II (3 s.h.) S.

(Formerly: ACCT 0092.)

Prerequisite: Grade of C or higher in Accounting 2101 (0001) or 2901 (0091). Open only to business designated Honors students or with special permission.

Course will provide an introduction to managerial accounting concepts and techniques and their use by decision makers.

Note: May be used to fulfill the second portion of the accounting requirement for the Fox School of Business and Management.

Upper Division Courses

3512. Intermediate Accounting II (3 s.h.) F S SS.

(Formerly: ACCT 0012.)

Prerequisite: Grade of C or higher in Accounting 2511 (0011) at Temple University or the transfer institution.

A continuation of material begun in Accounting 2511. Stockholders` equity, earnings per share, and long-term investments will be covered along with complex revenue recognition problems, pensions, leases, inter-period tax allocation, and cash flows.

Note: This course meets an upper-level major or business elective requirement.

3526. Accounting Information Systems (3 s.h.) F S SS.

(Formerly: ACCT 0126.)

Prerequisite: Grade of C or higher in Accounting 2101 (0001) and 2102 (0002) at Temple University or the transfer institution.

An introduction to the evaluation and design of accounting information systems and the documenting and analysis of a clientís hardware and software needs. Internal controls, networking options and security issues also will be examined. Students will receive hands-on experience with accounting software.

3531. Federal Taxes on Income (3 s.h.) F S SS.

(Formerly: ACCT 0131.)

Prerequisite: Grade of C or higher in Accounting 2511 (0011).

This course provides an introduction to federal income taxation and focuses on the determination of income and deductions for business transactions. It also integrates some financial accounting and finance theory with federal tax law. Consequently, it is important for students to have a sound grasp of the basics of financial accounting before taking this course.

3533. Advanced Accounting (3 s.h.) F S SS.

(Formerly: ACCT 0233.)

Prerequisite: Grade C or higher in Accounting 3512 (0012).

The major topics covered in this course include: business combinations, intercompany transactions, and other aspects of inter-corporate stock ownership necessary for the preparation of consolidated financial statements. Foreign currency translation and partnership accounting also are examined.

3561. International Accounting (3 s.h.) S.

(Formerly: ACCT 0250.)

Prerequisite: Grade of C or higher in Accounting 2101 (0001) and 2102 (0002) at Temple University or the transfer institution.

The purpose of this course is to provide an understanding of accounting issues arising from the increased globalization of business. Topics covered include: comparative cross-national financial reporting; efforts to harmonize cross-national accounting standards and practices and to develop international accounting standards; taxation and transfer pricing issues; and managerial control of global operations.

3582. Independent Study (1 to 6 s.h.) F S.

(Formerly: ACCT 0395.)

Prerequisite: At least 15 s.h. of accounting, consultation with a faculty member, and approval of the department chairperson. Cannot be used to replace required courses.

Students will prepare research papers under supervision of a faculty member.

Note: Students who want to sit for the CPA exam or other professional designations may have to petition to have independent study credit accepted by the examining authority toward satisfying minimum education requirements.

3596. Auditing (3 s.h.) F S SS. Core: WI.

(Formerly: ACCT W123.)

Prerequisite: Grade of C or higher in Accounting 2511 (0011).

A study and critical appraisal of current auditing standards related to the examination of financial statements by an independent auditor. The significance of the audit report, the nature, accumulation, and evaluation of evidence for balances and transaction cycles, and the moral and ethical problems of the auditor are some of the topics covered. An introduction to assurance services also will be provided.

3911. Honors Intermediate Accounting I (3 s.h.)

(Formerly: ACCT 0093.)

Honors version of ACCT 2511 (0011).

4596. Senior Seminar in Accounting (3 s.h.) F S. Core: WI.

(Formerly: ACCT W300.)

Prerequisite: Grade C or higher in Accounting 3512 (0012), 2521 (0121), 3596 (W123), and 3531 (0131) as well as senior standing.

Capstone course designed to enable students to evaluate generally accepted accounting principles and to relate accounting theory to accounting practice. The role of accounting theory in setting accounting standards, the role of the SEC in influencing accounting policies and promoting full disclosure, and capital market efficiency will be examined along with other current reporting issues.

Note: Capstone writing course.

4999. Senior Honors Thesis (3 s.h.) F S.

(Formerly: ACCT 0397.)

Prerequisite: Approval of instructor and Fox School Honors Director.

Independent research conducted under the supervision of a thesis advisor from the Accounting Department resulting in a substantial piece of original research, roughly 30 to 50 pages in length. Student must publicly present his/her findings at a Temple University Research Forum session or the equivalent.


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