Introduction to financial accounting and methods used to record and report financial information to decision makers external to the firm. Use and limitations of financial reports. Pre: sophomore standing.
Introduction to managerial accounting and methods used to report information to decision makers internal to the firm. Cost accounting, budgeting, standard cost systems, reporting and analyzing performance. Pre: 201, A minimum of at least C- or better is required
Information for managerial decision-making, planning, and control: job order and process costing, direct and absorption costing, normal and standard cost systems. Problem solving and application. Pre: 202, A minimum of at least C- or better is required
Accounting process and the application of GAAP to the recognition and measurement of cash, receivables, inventories, property plant and equipment, depreciation and depletion, intangibles, and current liabilities. Pre: 202, A minimum of at least C- or better is required
Application of GAAP to the recognition and measurement of long-term liabilities, investments, contributed capital, retained earnings, accounting changes and errors, income recognition, accounting for income taxes, pensions, leases, and statement of cash flows. Pre: 321, A minimum of at least C- or better is required
Examines federal income tax concepts, such as gross income, exclusions, deductions, exemptions, and tax credits, especially for sole proprietors. Introduces taxation of property transactions. Pre: 202 or BUS 610, A minimum of at least C- or better is required
A survey of the general concepts, rules, and practices involved in the taxation of sole-proprietorships, corporations, partnerships, and subchapter S corporations. Pre: 401, A minimum of at least C- or better is required
- ACC 409 Accounting Information Systems (3)
Previously ACC 419
Accounting systems analysis, control and design in manual and computerized environments. Knowledge and skills of information technology for auditing AIS systems. Hands-on experience with microcomputers and a computerized accounting system. A-F only. Pre: 323 (or concurrent), A minimum of at least C- or better is required
Intensive study of areas of law importance to accountants. Particular attention is given to principles of law relating to contracts, sales, commercial paper, secured transactions, property, legal entities, agency, securities, and accountant’s legal liability. Pre: BLAW 200 or consent.
Accounting topics relating to consolidation requirements and introduction to the fundamentals of fund accounting, including the general fund, restricted funds, debt service funds, enterprise funds, general long-term account group, general fixed assets accounting group, and accounting entries for encumbrances. Pre: 323, A minimum of at least C- or better is required
Auditing concepts including standards, objectives and ethics for external auditors. Emphasis on reporting standards, internal control, evidence, statistical sampling, IT audits and assurance. Pre: 323 and 409, A minimum of at least C- or better is required
(NOTE: ACC 409 is a prerequisite for ACC 418W only for students admitted to the Shidler College of Business Fall 2004 or later. For students admitted to the Shidler College of Business before Fall 2004, ACC 409 is recommended, not required.)
Integration of numerous elements of the accounting program from an international perspective. Examines information for managerial decision-making, planning and control. Current accounting issues discussed. Lectures, discussions, case analysis. A-F only. Pre: 418 (or concurrent), no waiver.