Accounting Courses

For detailed curriculum information, refer to the University Catalog.

AC 2000. Financial Accounting (3) 
A study of how organizations capture and use financial information for reporting and analysis. Topics include the accounting cycle, understanding financial statements and their account, and the preparation and analysis of income statements, balance sheets, and statements of cash flows.

AC 2100. Managerial Accounting (3) A study of accounting information needed for internal planning, decision making and control. Students study cost behavior, cost-volume-profit analysis, product costing methods, budgeting, and variance interpretation. Prerequisite: AC 2000.

AC 3000. Intermediate Accounting I (3) The Intermediate Accounting sequence provides students with a foundation in the basic theory and principles underlying the preparation of financial statements of business entities. Basic computer and spreadsheet skills are expected. AC 3000 covers the foundations of financial accounting and reporting, including history of accounting, the conceptual framework and objectives of financial reporting, cash versus accrual basis, elements of financial statements, the complete accounting cycle, revenue and expense recognition, comprehensive income statement, balance sheet and statement of cash flows. Prerequisite: AC 2100, Junior standing; prerequisite or concurrent: BUS 1800.

AC 3100. Intermediate Accounting II (3) Survey of financial accounting and reporting topics, including cash and receivables, inventories, tangible and intangible long-term assets, current and long-term liabilities, leases, pensions, deferred income taxes, owners' equity and distributions to shareholders and earnings per share. Prerequisite: AC 3000.

AC 3400. Advanced Managerial Accounting (3) An advanced study of cost and managerial accounting concepts. Course covers beyond the principles level the managerial and cost accounting concepts and application of such topics as cost methods, budgeting, variance analysis, and using information for management decision making. Prerequisite: AC 2100; prerequisite or concurrent: BUS 1800.

AC 3500. Accounting Information and Control Systems (3) A study of information systems and internal control environments. Course content includes understanding and testing the internal control environments, understanding and documenting the transaction cycles, and establishing and using database systems. Prerequisites: AC 3000.

AC 4050 (AC 6050). Advanced Accounting (3) Survey of advanced topics in financial accounting and reporting, including business combinations and consolidations, accounting for routine operations of state and local government entities and other nonbusiness entities, partnerships and personal financial statements, and foreign currency translation and transactions. Prerequisite: AC 3000.

AC 4201. Intermediate Financial Analysis (3) A second course in corporate finance that deepens the development of the analytical skills and knowledge of the student in analyzing financial information and understanding of the underlying accounting information. The course builds the theory and analysis skills of students in financial statement analysis and other topics including working capital management, capital structure and cost including dividend policy, key financial metrics, and valuation. Students will be expected to complete a major project that analyzes the statements and practices of corporate financial policies on these issues. Prerequisite: FN 3000.

AC 4450 (AC 6500). International Accounting Issues (3) This course examines the accounting and reporting of multinational corporations; the impact of culture and capital markets on countries' accounting concepts and standards; and the development of international and accounting standards. Prerequisites: AC 3000, BUS 3350, FN 3000.

AC 4500. Principles of Accounting (3) Course provides a foundation for students with no prior accounting experience. Financial and management basics are taught, but the emphasis is upon attainment of an overall understanding of the field. General topics include the preparation and interpretation of basic financial statements and the use of accounting information for managerial decision-making. Specific topics include the balance sheet, income statement, statement of cash flows, cost behavior, cost-volume-profit analysis, and relevant cost analysis. Waived in lieu of six hours of undergraduate accounting. This course cannot be taken by BSBA majors to apply toward the BSBA degree requirements. Prerequisite: Junior standing or post-baccalaureate pre-MBA student. Prerequisite: Junior standing or post-baccalaureate pre-MBA student.

AC 4600 (AC 6600) Corporate and Partnership Taxation (3) A study of major taxes and taxation issues as they pertain to corporations, partnerships and sole proprietorships. Emphasis is given to concepts, practice, research and communication of tax issues. Prerequisite: AC 3000.

AC 4650 (AC 6650) Individual Taxation (3) A study of federal and state taxation issues as they pertain to individuals. Emphasis is given to concepts, practice, research and communication of tax issues. Prerequisite: AC 3000.

AC 4750 (AC 6750). Auditing (3) Auditing is the capstone course that integrates accounting practice, business perspectives and environments, and auditing standards and procedures. Upon completion of the course, students will have demonstrated their ability to assess client business risk, perform an industry analysis, gather and evaluate audit evidence, evaluate internal control systems, and prepare audit reports. Analytical, written, and oral presentation skills are essential in this course. Prerequisite: AC 3500 or MIS 3100 or equivalent.