Accounting

AC101 Principles of Financial Accounting (3 credits)

This course serves as an introduction to accounting principles and concepts. The course explores the entire accounting cycle. Beginning with the initial entry through the formal financial statements, the student is provided with the essential background to concentrate on the more advanced accounting courses.

AC102 Principles of Managerial Accounting (3 credits)

This course explores the theoretical and practical applications of accounting theories to various types of business organizations. In addition to the accounting practices for partnerships and corporations, the student is introduced to more complex theories of internal control, income taxes, cost accounting, funds flow, and financing. PR: AC101.

AC201 Intermediate Accounting I (3 credits)

This is an intermediate course for the accounting major. Without restating basic concepts, the course examines the general areas of accounting in greater depth. Considerable emphasis is placed on each category of the balance sheet and income statement. PR: AC102.

AC202 Intermediate Accounting II (3 credits)

This course is a continuation of Intermediate Accounting I. Areas to be studied include corporations, allocation of income taxes, and analysis and interpretation of accounting data. PR: AC201.

AC207 Individual Taxation (3 credits)

This course presents the fundamental principles of personal and business taxation. Students will examine the Internal Revenue Code, court decisions, and other regulations that pertain to taxation. In addition, determinations of taxable and non-taxable income, allowable deductions, gains and losses on sales and exchanges of property, and other significant elements of federal and state taxes will be studied. PR: AC102.

AC308 Business Taxation (3 credits)

This course examines tax structures, the interpretation of tax laws, and the determination of taxable income and allowable deductions that pertain to partnerships and corporations. Students will prepare tax returns for hypothetical business firms using the actual forms, theories, principles, and procedures necessary to complete the task satisfactorily. PR: AC207.

AC310 Cost Accounting (3 credits)

This course is an introduction to cost accounting principles and their application as management tools. Emphasis is on planning, controlling costs, and using different approaches to develop a cost structure for products and services. PR: AC102.

AC320 Auditing (3 credits)

This course examines the theory and practice of auditing. Emphasis is placed on learning the generally accepted auditing standards, audit planning and control, accounting cycles, conducting the audit, and preparation of different types of reports. PR: AC202.

AC402 Advanced Accounting (3 credits)

This course examines the theory and practice of advanced accounting. Emphasis is on the preparation and presentation of consolidated financial statements, accounting for not-for-profit organizations, and partnership accounting. PR: AC202.

AC498 Accounting Bachelor Thesis (3 credits)

As an alternative to completing an internship, during the senior year students may elect to write a research paper on an approved topic. The paper will focus on a current accounting issue and involve significant research. Students must submit a written report to the faculty mentor who provides guidance throughout the project. PR: senior status and Dean's approval.

AC499 Accounting Internship (3 credits)

This supervised internship allows the student an opportunity to apply the concepts learned in the classroom in a professional management environment. Students must complete a minimum of 150 hours with the placement, consult with the faculty coordinator at designated times throughout the internship, and complete a final written project. PR: senior status and approved Internship Petition.

PR = prerequisite(s)