Accounting - ACCT
2000 Survey of Accounting (3) Credit will not be given for both this course and ACCT 2001. Students in nonbusiness curricula are advised to enroll in ACCT 2000 if they are given the option of ACCT 2000 or ACCT 2001, unless they plan to pursue a business degree at a subsequent date. All students in the E. J. Ourso College of Business Administration are required to take ACCT 2001. Introduction to the meaning of the values presented in financial statements; management accounting concepts and internal decision making; fundamentals of individual income taxes.
2001 Introductory Financial Accounting (3) Prereq.: MATH 1020 or 1021 or equivalent. Credit will not be given for both this course and ACCT 2000. Required of all students in the E. J. Ourso College of Business Administration. Students in nonbusiness curricula are advised to enroll in ACCT 2000 if they are given the option of ACCT 2000 or ACCT 2001, unless they plan to pursue a business degree at a subsequent date. Financial accounting with emphasis on knowledge required for completion of the accounting cycle, including income measurement and financial statement preparation; accounting for current and plant assets, current and long-term liabilities, stockholders' equity, and cash flows.
2021 Intermediate Accounting—Part I (3) Prereq.: grade of "C" or above in ACCT 2001 or equivalent; MATH 1431. Accounting principles underlying preparation of financial statements; their application in measurement and reporting of selected balance-sheet items and related revenue and expense recognition.
2101 Introductory Managerial Accounting (3) Prereq.: ACCT 2000 or 2001 or equivalent; MATH 1431. Principles and methods of accounting primarily concerned with data gathering and presentation for purposes of internal management evaluation and decision making.
3000 Introduction to Financial Accounting for Managers (3) Open only to M.B.A. students. Basic financial accounting methods and procedures; financial statement analysis; present value applications; and management uses of accounting information.
3021 Intermediate Accounting—Part II (3) Prereq.: grade of "C" or above in ACCT 2021. Continuation of ACCT 2021. Accounting for liabilities, income taxes, pensions, leases, stockholders' equity, earnings per share, accounting changes and corrections of errors, and income and balance sheet presentations.
3121 Cost Analysis and Control (3) Prereq.: ACCT 2021. Nature, objectives, basic systems, and procedures of cost accounting and control for manufacturing firms; cost-volume-profit relationships; standard costs and variance analysis; direct costing; relevant costs; activity-based costing.
3122 Accounting Information Systems (3) Prereq.: ACCT 2021 and ISDS 1100. Analysis and design of standard accounting systems; emphasis on computerized systems and internal control issues.
3201 Fundamental Tax Problems and Tax Planning for Individuals (3) Not open to accounting majors. Not intended to satisfy the requirements to sit for the CPA exam. For students with little or no previous work in accounting. Credit will not be given for both this course and ACCT 3221. General course in taxation; emphasis on aspects of taxation affecting the individual; federal and state income, estate, inheritance, gift, excise, and payroll taxes.
3221 Income Tax Accounting I (3) Prereq.: credit or registration in ACCT 2021. Credit will not be given for both this course and ACCT 3201. Fundamentals of federal income taxation with respect to individuals and other entities, income inclusions and exclusions, and statutory deductions in arriving at tax liability.
3222 Auditing (3) Prereq.: ACCT 3021 and 3122. Theoretical and practical development of the independent audit function; generally accepted auditing standards; collection and evaluation of audit evidence; understanding internal control; risk assessment; transaction cycles; and reporting.
3233 Internal Auditing I (3) Internal auditing standards, ethics, concepts, audit techniques, and reporting practices.
4021 Cases in Accounting Policy (3) Prereq.: accounting major with senior standing. Case approach; integrates financial accounting, systems, auditing, income tax, and management uses of accounting information; emphasis on financial reporting to owners, the financial community, regulatory agencies, and the general public; relationship of accounting to the law.
4022 Advanced Accounting (3) Prereq.: ACCT 3021. Completion of the core financial accounting sequence; business combinations, consolidated financial statements, segment reporting, foreign operations, and Securities and Exchange Commission procedures.
4121 Advanced Cost Analysis (3) Prereq.: ACCT 3121. Measurement, interpretation, planning, and control of manufacturing and distribution costs; budgets and budgetary control; comparison of costs of business alternatives.
4221 Income Tax Accounting II (3) Prereq.: ACCT 3221. Fundamentals of federal income taxation, with respect to partners, partnerships, corporations, and shareholders.
4225 Research in Federal Income Taxation (3) Prereq.: credit or registration in ACCT 3221. Credit will not be given for this course and ACCT 7110. Techniques and procedures involved in tax planning and research.
4231 Internship in Accounting (3-6) Prereq.: permission of instructor and department chair required. Only 3 credits may apply as credit toward accounting degree. Pass-fail grading. At least 18 hours per week (3 credits) or 35 hours per week (6 credits) of learning experience in accounting under the general supervision of a faculty member and direct supervision of a professional in accounting. Grading based on the faculty member's evaluation, a written report by the professional supervisor, and a written report by the student.
4232 Advanced Auditing (3) Prereq.: ACCT 3222. Independent auditor's legal and ethical obligations to society; responsibility for the detection and reporting of fraud; statistical sampling concepts and applications; extensions of the auditor's function including operational auditing, compliance auditing, and reporting on other types of financial and nonfinancial information.
4233 Case Studies in Auditing (3) Prereq.: ACCT 3233. Case studies in operational, compliance, and financial audits.
4234 Internal Auditing II (3) Prereq.: grade of "C" or above in ACCT 3233. Operation, organization, and quality control audits; organization theory.
4235 Fraud Auditing and Forensic Accounting (3) Prereq.: ACCT 3233. Proactive and reactive fraud auditing including audit committee and liability related issues; investigative decision making for prevention, detection, investigation, and reporting of fraud.
4236 Environmental and Safety Auditing (3) Prereq.: ACCT 3233. Compliance and legal issues relative to environmental laws and safety regulations; emphasis on current laws and compliance auditing methodology.
4244 EDP Auditing (3) Prereq.: ACCT 3222 or 3233. Electronic data processing (EDP) control, audit applications, and generalized audit software systems.
4421 Governmental and Not-for-Profit Accounting (3) Prereq.: ACCT 2021. Accounting, budgeting, fiscal processes, and financial records of local, state, and federal governmental bodies and of private nonprofit institutions.
4501 Petroleum Accounting (3) Prereq.: ACCT 3021 and 3121. Accounting for oil and gas exploration and production; accounting for oil and gas leases, exploration costs, undeveloped properties, drilling and development operations, production, and oil and gas revenues.
7021 Advanced Theory of Accounts (3) Prereq.: ACCT 3021 and consent of instructor; or ACCT 4022.
7023 Development of Accounting Thought and Practice (3) Prereq.: consent of instructor. Historical roots of modern accounting; organizations and individuals who shaped its development, past and present research, and trends for the future.
7070 Contemporary Accounting Thought (3) Prereq.: ACCT 7021.
7071 Current Topics in Financial Accounting (3) Prereq.: ACCT 7021. May be taken for a max. of 6 hrs. of credit. Theoretical analysis of recent accounting pronouncement and current literature in accounting.
7072 Research Methodology in Accounting (3) Prereq.: ISDS 7024 and 7025; or equivalent. Research methodologies in accounting and tax research.
7110 Tax Research (3) Prereq.: ACCT 3221 or equivalent. Credit will not be given for this course and ACCT 4225. Fundamental tax research methodology based on the Internal Revenue Code, regulations and rulings, judicial interpretations, annotated and topical tax services, computerized tax research methods, and techniques of communicating research results.
7122 Budgeting, Cost Analysis, and Control (3) Prereq.: ACCT 3121. For accounting majors only.
7132 Behavioral Impact of Accounting Information (3) Prereq.: ACCT 3121. Effect of accounting data on users; emphasis on behavioral research methodology.
7170 Advanced Accounting Analysis for Decision Making (3) Accounting majors with credit for ACCT 3121 should take 7122.
7201 Tax Aspects of Business Entities (3) Prereq.: ACCT 3021 or equivalent. Basic concepts of business entities, including corporations, partnerships, and S corporations; tax consequences of the formation and operation of a business entity, and distributions to the owners.
7202 Income Taxation of Equity Exchanges and Redemptions (3) Prereq.: ACCT 7201. Income tax consequences of the sales and exchanges of equity interests, the redemptions of equity interests, and business divisions and liquidations.
7203 Tax Aspects of Special Corporate Transactions (3) Prereq.: ACCT 7202. Basic concepts of business entities; the tax consequences of mergers, acquisitions, reorganizations, of tax attributes during ownership changes and consolidated returns.
7210 Tax Research, Planning and Business Decision Making (3) Prereq.: ACCT 3221 or equivalent. Development of fundamental tax research skills with research and planning applications in business decision-making.
7222 Auditing Theory and Standards (3) Prereq.: ACCT 3222. A comprehensive analysis of the theory and practice of independent auditing.
7231 Internship in Accounting (3-6) Prereq.: permission of instructor and department chair required. Only 3 credits my apply as credit toward accounting degree. Pass-fail grading. At least 18 hours per week (3 credits) or 35 hours per week (6 credits) of learning experience in accounting under the general supervision of a faculty member and direct supervision of a professional in accounting. Grading based on the faculty member's evaluation, a written report by the professional supervisor, and a written report by the student.
7232 Case Studies in Internal Auditing (3) Prereq.: ACCT 7233. Primarily for M.B.A. and M.S. students. Performance, compliance, prudence, and fraud audits.
7233 Graduate Internal Auditing (3) Prereq.: consent of instructor. Primarily for M.B.A. and M.S. students. Theory of internal auditing; efficiency, effectiveness, and economy audits.
7234 Operational Auditing (3) Prereq.: ACCT 7233. Primarily for M.B.A. and M.S. students. Operational audit methodology for management audits, functional audits, risk analysis, and auditable unit analysis.
7235 Fraud Auditing (3) Prereq.: ACCT 7233. Study of risk and controls relative to the deterrence, prevention, and detection of beneficial and detrimental fraud.
7244 Systems Auditing (3) Prereq.: ACCT 7233. Primarily for M.B.A. and M.S. students. Selected topics in the control and audit of computer systems.
7250 Current Topics in Federal Income Taxation (3) Prereq.: ACCT 3221 or equivalent. May be taken for a max. of 6 hrs. of credit. Tax research and planning in current major interest areas of tax law.
7255 Fundamentals of Federal Income Tax (3) Prereq.: ACCT 3221 or equivalent. Relationship among statutes, case law, congressional committee reports, and administrative pronouncements.
7256 Internal Revenue Service Practice and Procedure (3) Practices and procedures of the Internal Revenue Service; client representation.
7270 Statement and Report Presentation and Analysis (3) For accounting and finance majors only.
7301 Financial Information Systems (3) Prereq.: basic knowledge of computers and programming (may be obtained concurrently with course enrollment). Same as ACCT 7371. Financial information systems, with emphasis on those utilizing electronic data processing equipment; nature and design of a system and its use in financial planning and control.
7310 Tax Aspects of Personal Financial Planning (3) Prereq.: ACCT 3221. Basic concepts of estate and gift taxation and income taxes as they affect personal tax planning; emphasis on wealth accumulation.
7371 Financial Information Systems (3) Same as ACCT 7301; primarily for Ph.D. candidates.
7400 Accounting Research Forum (1) May be repeated for credit. Full-time, resident graduate accounting majors must register for this course each semester. Not for degree credit for accounting majors. Pass-fail grading. Research methodology, reports, and discussion of topics of current interest in accounting.
7425 Seminar in Advanced Accounting Problems (3)
7450 Seminar in Accounting Policy (3) Prereq.: ACCT 7021 or equivalent. For accounting majors (M.S. degree) only; to be taken near end of course work. Accounting policy issues including international accounting, ethical considerations, and business policy implications of accounting standards.