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01502/Accounting 0001. Principles of Accounting I (3 s.h.) F S 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. 0002. Principles of Accounting II (3 s.h.) F S Prerequisite: Accounting 0001. Basic concepts related to the accountant's role in the financial management of a company. Organization for control, determining cost behavior, responsibility accounting, capital budgeting, and profit planning. 0011. Intermediate Accounting I (3 s.h.) F S Prerequisite: Grade of C- in Accounting 0002. Accounting principles as they relate to financial reporting. Income determination, asset valuation, and the form and content of financial statements are examined. Intangible assets and stockholders' equity also are covered. 0012. Intermediate Accounting II (3 s.h.) F S Prerequisite: Grade of C- in Accounting 0011 or 0111. A continuation of material begun in Accounting 0011. Long-term liabilities, 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 accounting for inflation. 0091. Principles of Accounting I Honors (3 s.h.) F 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. 0092. Principles of Accounting II Honors (3 s.h.) S Prerequisite: Accounting 0001 or 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. 0121. Cost Accounting (3 s.h.) F S Prerequisite: Grade of C- in Accounting 0002. The accumulation and analysis of cost accounting information for the valuation of manufactured products, internal decision making, and measurement of financial performance in a manufacturing environment. W123. Auditing (3 s.h.) F S Core: WI Prerequisite: Grade of C- in Accounting 0011 or 0111. 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. Writing intensive course. 0126. Accounting Information Systems (3 s.h.) F S Prerequisites: Grade of C- in Accounting 0002 and Computer and Information Science 0010, 0055, or permission of instructor. Students will receive an introduction to the evaluation and design of accounting information systems and how to document and analyze a client’s hardware and software needs. Internal controls, networking options and security issues also will be examined. Students will receive hands-on experience with accounting software. 0131. Federal Taxes on Income (3 s.h.) F S Prerequisite: Grade of C- in Accounting 0002 and Accounting 0011 or 111. 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, provided in Accounting 0011, before taking this course. 0233. Advanced Accounting (3 s.h.) F S Prerequisite: Grade C- in Accounting 0012 or 0112. 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. W300. Senior Seminar in Accounting (3 s.h.) F S Core: WI Prerequisites: Grade C- in Accounting 0012 or 0112 and completion of most, if not all, other required courses. 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. Writing intensive course. 0394. Special Topics (3 s.h.) Special topics in current developments in the field of accounting. 0395, 0396. Independent Study (1 -6 s.h.) F S Prerequisites: At least 15 s.h. of accounting, consultation with a faculty member, and approval of department chairperson. Students will prepare research papers under supervision of a faculty member. Note: none of the required accounting courses can be taken as an independent study. (Students who want to sit for the CPA exam or other designations may have to petition to have independent study credit accepted by the examining authority toward satisfying minimum education requirements.) |