Accounting (ACCT) Undergraduate Course Descriptions
ACCT 291. Accounting I
Accounting as a process of providing useful financial information to investors, creditors, management, and other users. The accounting process, financial statements, and the uses and limitations of accounting information. 3 Cr. F, S, SUM.
ACCT 292. Accounting II
The statement of cash flows and financial statement analysis. Accounting information as a planning, analysis, and control tool facilitating decision-making. Prereq.: 291. 3 Cr. F, S, SUM.
ACCT 344. Field Experience
Participation in a paid part-time position with a cooperating business, governmental, or civic organization. May be enrolled in no more than 10 additional credits. May be repeated up to 6 credits. Student must enroll in at least one campus class after the field experience. Permission of department. 3 Cr. F, S, SUM.
ACCT 371. Financial Accounting and Analysis
Financial statement measurement and derivation. Develop an in-depth understanding of financial statement concepts such as revenue recognition, cash flows, assets, liabilities, shareholders' equity, revenue, and expenses. Prereq.: 292. 3 Cr. F, S.
ACCT 381. Intermediate Accounting I
Financial accounting, standard-setting, and the basic financial statements. Current and long-term assets, and current liabilities. Prereq.: 3.0 GPA in ACCT 291 or 292 or permission of department. 3 Cr. F, S.
ACCT 382. Intermediate Accounting II
Accounting theory and literature as applied to long-term liabilities, stockholders' equity, statement of cash flows, and specialized topics. Completion of this course with a grade of "C" or better fulfills the UDWR for accounting program. Prereq.: "C" or better in 381. 3 Cr. F, S.
ACCT 383. Accounting Information Systems I
Accounting transactions, microcomputer skills for the accounting environment, and the fundamentals of accounting information systems and controls. Prereq.: "C" or better in 381. 3 Cr. F, S.
ACCT 390. Managerial Accounting
Cost accounting systems, development of internal accounting data, and use of this information to assist internal decision making. Prereq.: 3.0 GPA in 291 and 292 or permission of department, IS 242.. 3 Cr. F, S.
ACCT 444. Internship in Business
Participation in a paid full-time position with a cooperating business, governmental, or civic organization whose program has been approved in advance by the department in which the student has an approved major. Credits provided upon completion of all requirements. A maximum of 3 credits may apply as electives in the major program. Permission of department. 3-12 Cr. F, S, SUM.
Accounting (ACCT) Courses for Advanced Undergraduate and Graduate Students
Additional research project(s) or presentation(s) will be required of graduate students in dual listed courses (listed at both 400-level and 500-level) for graduate (500-level) credit.
ACCT 427/527. International Accounting and Finance
On the basis of the analysis of annual reports, students will be given an overview of the differences existing in financial reporting systems in foreign countries. Insight into state-of-the-art techniques in risk adjusted capital budgeting. Taught in Ingolstadt, Germany. Prereq.: 291, 292, FIRE 371. 3 Cr. DEMAND.
ACCT 480/580. Accounting Information System II
Accounting information and control systems that increase the operational efficiency and reliability of financial information. Prereq.: 380; "C" or better in 383, IS 340, or permission of instructor. 3 Cr. DEMAND.
ACCT 481/581. Advanced Accounting
Accounting for business combinations, consolidated financial statements, and partnerships. Prereq.: "C" or better in 382. 3 Cr. F, S.
ACCT 482/582. Business Taxation
Federal income taxation of business organizations including corporations and partnerships. Property transactions and other business topics. Prereq.: 292. 3 Cr. F, S.
ACCT 483/583. Personal Taxation
Federal income taxation of individuals including gifts, estates, and trusts. Prereq.: 292 . 3 Cr. F.
ACCT 484/584. Not-For-Profit and International Accounting
Fund accounting as applied to governmental entities. Accounting theory and practice, taxation, and special reporting problems of several major industrialized countries. Prereq.: "C" or better in 382 or permission of instructor. 3 Cr. F.
ACCT 485/585. Corporate Governance
Develop an understanding of corporate organizations and responsibilities of parties within the corporation. Gain an understanding of Sarbanes Oxley. Develop an understanding of corporate topics and research necessary to communicate and coordinate financial reporting. Prereq.: 292 plus 90 credits completed. 3 Cr. DEMAND.
ACCT 486/586. Financial Auditing
Nature of the audit function, nature of audit evidence, audit standards and procedures, professional ethics, and audit reports. Prereq.: "C" or better in 382. 3 Cr. F, S.
ACCT 487/587. Operational Auditing
Nature of internal and operational auditing, performance of an operational audit. Prereq.: MGMT 301, 383, FIRE 371, MKTG 320 or permission of instructor. 3 Cr. DEMAND.
ACCT 489/589. Financial Accounting Theory
Development of financial accounting theory and current conceptual framework. Review FASB's and IASB's standard setting processes. Theoretical evaluation of current financial reporting standards. Prereq.: 382 or currently enrolled in 382 or permission of instructor. 3 Cr. DEMAND.
ACCT 490/590. Current Topics in Accounting
Current developments, trends and issues in accounting. May be repeated with different topics to a maximum of 9 credits. Prereq.: permission of department. 1-3 Cr. DEMAND.
ACCT 493/593. International Accounting
Accounting theory and practice, taxation, and special reporting problems of several major industrial countries. Multinational corporate accounting problems. 3 Cr. DEMAND.
ACCT 498/598. Business Consulting
Teams of students work as consultants to area businesses and nonprofit organizations to diagnose and solve actual business problems. Written and oral report. Prereq.: 292, BCIS 242, FIRE 371, MGMT 301, MKTG 320. Permission of department. 3 Cr. F, S.
