ACCT 1101 – Principles of Financial Accounting

3 credits

An introduction to the principles, and practice, of accounting. Emphasis is placed on the fundamentals of recording, adjusting, analyzing, and reporting financial information in accordance with Generally Accepted Accounting Principles.

Includes the study of the accounting for cash, accounts receivable, inventory, fixed assets, accounts payable, liabilities, revenues and expenses.

ACCT 1102 – Principles of Managerial Accounting

3 credits | Prerequisites: ACCT 1101 or ACCT 1104

An introduction to the use of accounting data in managerial decision making with an emphasis on the capital structure of corporations, financial statement analysis and managerial accounting techniques.

Content includes corporate organization, accounting for equity transactions, long-term obligations and investments, ratio analysis of financial statements, cost measurement systems, cost-volume-profit analysis, and budgeting..

ACCT 1104 – Principles of Accounting I

4 credits

An introduction to fundamental financial and computerized accounting concepts, principles and procedures as they relate to recording transactions, adjusting accounts, preparing financial statements, closing and service concerns, accounting for cash, notes, accounts receivable, inventory, merchandising, fixed assets, accounts payable, liabilities and payroll.

ACCT 1105 – Principles of Accounting II

4 credits | Prerequisite: ACCT 1104

This course is a continuation of the introduction to fundamental accounting principles and procedures. Mastery of various costing methods and the organization and operation of corporations are covered. The course also includes an introduction to analyzing and comparing financial statements, departmental and responsibility accounting, manufacturing accounting, cost accounting, job order and tax considerations in business decisions.

ACCT 2201 – Intermediate Accounting I

3 credits | Prerequisite: ACCT 1102 or ACCT 1105

Intermediate Accounting I provides an in-depth study of the conceptual framework of accounting as it relates to recording, reporting, and disclosing financial information on the Balance Sheet, Income Statement, and Cash Flow Statement.

Emphasis is placed on the accounting procedures for measuring, recording, and reporting Assets. Recent developments in accounting standards and practice are also covered.

ACCT 2202 – Intermediate Accounting II

3 credits | Prerequisite: ACCT 1102 or ACCT 1105

A continuation of the in-depth study of financial accounting with a concentration on the liabilities and stockholder's equity accounts of the Balance Sheet.

Other topics include financial statement analysis, error analysis, and accounting for income taxes, retirement benefits, and leases.

ACCT 2206 – Managerial Cost Accounting

3 credits | Prerequisite: ACCT 1102 or ACCT 1105

Managerial Cost Accounting provides a detailed examination on the use of accounting information in managerial decision-making. Special emphasis is placed on costing techniques used in manufacturing, budgeting, differential analysis, and performance measurement.

ACCT 2209 – Not-for-Profit Accounting

3 credits | Prerequisite: ACCT 1105

This course introduces the operating philosophy of non–profit enterprises as it relates to the accounting practices of those organizations. It will develop the not-for-profit philosophy by working specifically with the following funds: General, Special Revenue, Capital Project, Debt Service, Inter–governmental, Trust and Agency, Special Assessment and Enterprise.

ACCT 2210 – Tax Accounting

3 credits

This is an introductory course in personal tax accounting. Emphasis is focused on the principles of federal income taxation as they relate to individuals and simple trusts, including the laws, rulings and regulations that govern the preparation of individual tax returns.

ACCT 2221 – Auditing

3 credits | Prerequisite: ACCT 1105 or ACCT 1102

This course will provide a sweeping overview of auditing. Special attention will be given to the nature and economic purpose of audits, auditing standards, professional ethics, auditor's legal liability, the study and evaluation of internal control, the nature of audit evidence, forensic auditing, and auditing techniques.

ACCT 2230 – Computerized Accounting (Quickbooks)

3 credits

A hands-on study of the market leading small business accounting software, Quickbooks. Emphasis is placed on using QuickBooks to record transactions and report financial information for both new and existing businesses. Students will also learn how to use QuickBooks to analyze the performance of a small business.

At the conclusion of the course, students will have an opportunity to earn QuickBooks User Certification by passing a standardized QuickBooks exam.

ACCT 2299 – Seminar

1–6 credits

This course will be a discussion of particular problems related to the student’s chosen program and areas of interest.