2012-2013 University Catalog archived
Accounting (ACCT)
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Professors Oliver, Boylan, King, Wheeler
Associate Professors Fafatas, Irani
Assistant Professor Alexander
Honors: An Honors Program in accounting is offered for qualified students; see department head for details.
Major
ACCT 201 - Introduction to Financial Accounting
Credits: 3
Planned Offering: Fall, Winter
Prerequisite: At least second term, first-year standing. . This course covers the fundamental principles of financial accounting and provides an introduction to the process of accumulating, classifying, and presenting financial information. Primary emphasis is given to understanding the financial statements of a business enterprise. Staff.
ACCT 202 - Introduction to Managerial Accounting
Credits: 3
Planned Offering: Fall, Winter
Prerequisite: ACCT 201 and sophomore standing. This course covers the preparation and utilization of financial information for internal management purposes. Special emphasis is given to cost determination, cost control, and the development of information for planning and decisions. Staff.
ACCT 297 - Spring-Term Topics in Accounting
Credits: 4
Planned Offering: Spring
Prerequisites: ACCT 201 and others which may vary by topic. Intensive study of specific accounting issues in significant detail. Pedagogy depends on the specific topic but generally emphasizes discussion, research, fieldwork, projects, or case analysis rather than lecture. Specific course content changes from term to term, and is announced prior to preregistration. May be repeated for degree credit if the topics are different.
Spring 2013 topics:
ACCT 297A: The Anatomy of a Fraud (4). Prerequisite: ACCT 201. Preference given to First-Years. Not open to seniors. The purpose of this course is to take a deep dive into the phenomena of financial statement fraud and to “dissect it” from a number of angles. Drawing on historical cases of financial statement fraud as well as the first-hand experience of the instructor, a trained forensic accountant, we search for the answers to questions such as: What causes executives to “cook the books”? What factors contribute to collusion in the fraud? What can be done to prevent and detect it? Hess.
ACCT 297B: Accounting and Corporate Financial Distress (4). Prerequisites: Open to sophomores with ACCT 201 and 202 and others with instructor consent. We examine the connection between financial reporting and individual company financial distress; using the financial statements of one of the companies that have recently experienced financial distress (e.g., Bear Sterns, Lehman Brothers, AIG, Circuit City, Chrysler, GM, Enron, WorldCom, Adelphia). Our analysis includes an intensive examination of financial accounting principles, regulatory structures, and standard setting relevant to the company in question. Wiest.
ACCT 310 - Accounting Information Systems
Credits: 3
Planned Offering: Fall
Prerequisite: ACCT 201 and at least sophomore standing. An introduction to the information systems used in accounting, including the flow of data from source documents through the accounting cycle into reports for decision makers; the principle of internal control; flowcharting and systems narratives; and use of computers and database systems in accounting information. Students have hands-on experience implementing and using accounting information systems. Ballenger.
ACCT 311 - Financial Statement Analysis
Credits: 3
Planned Offering: Fall-Winter
Prerequisites: ACCT 202 and at least junior standing. Students work to prepare an industry and a company analysis. Through presentations, written analyses and extensive work using computer spreadsheets and databases, students learn to analyze and interpret financial statements of publicly traded companies. Fafatas, Gibbs.
ACCT 320 - Intermediate Accounting I
Credits: 3
Planned Offering: Winter
Prerequisite or corequisite: ACCT 202 and at least sophomore standing. This course examines the principles of financial accounting as applied to financial statement presentation and the underlying treatment of cash, investments, receivables, inventory,long-term assets, and intangible assets. Irani.
ACCT 321 - Intermediate Accounting II
Credits: 3
Planned Offering: Fall
Prerequisite: ACCT 320 and at least junior standing. This course examines financial reporting issues that cover current and long-term liabilities, stockholders’ equity, earnings per share, revenue recognition, income taxes, pensions, leases, accounting changes and errors, and cash flows. Boylan.
ACCT 328 - Writing and Research for Accountants I
Credits: 3
Planned Offering: Fall
Prerequisite: ACCT 320 and at least junior standing. Concentrated work in writing for the business world and researching financial accounting issues sharpen students’ analytical and writing skills. This course introduces students to various forms of business writing and explores how to effectively research accounting decisions under the FASB and IFRS. The revision process is used to help improve writing skills. The content of the course comes from ACCT 320. Oliver
ACCT 329 - Writing and Research for Accountants II
Credits: 1
Planned Offering: Offered when interest is expressed and departmental resources permit.
Prerequisite: ACCT 328 and at least junior standing. Concentrated work in writing for the business world and researching financial accounting issues sharpen students analytical and writing skills. Students continue to hone their writing and researching skills using the transactions covered in Intermediate Accounting II. Oliver.
ACCT 330 - Cost Accounting
Credits: 3
Planned Offering: Winter
Prerequisite: ACCT 202 and at least junior standing. This course covers selected topics from cost accumulation, planning, reporting, control and decision making. Use of spreadsheets is required. King.
ACCT 340 - Advanced Accounting
Credits: 3
Planned Offering: Winter.
Prerequisite: ACCT 321 and at least junior standing. This course covers accounting for business combinations and partnerships; segment and interim reporting; foreign currency transactions and translation of foreign currency financial statements; governmental and nonprofit accounting. Wiest.
ACCT 355 - Taxation Accounting I
Credits: 3
Planned Offering: Fall
Prerequisite: ACCT 201 and at least junior standing. This course provides an analysis of federal income tax laws and develops conceptual awareness of federal income tax structure and tax planning. Emphasis is on developing a student’s ability to determine solutions to tax difficulties confronting individuals. Alexander.
ACCT 356 - Taxation of Business Entities and Special Topics in Taxation
Credits: 3
Planned Offering: Winter
Prerequisite: ACCT 355 and at least junior standing. This course begins by establishing a basic understanding of income tax laws as they relate to C corporations and flow-through entities (e.g., partnerships, s-corporations, limited liability corporations). The course includes modules on specialized tax topics such as international taxation, state and local taxation, taxation of investments, accounting for income taxes, and taxation of property. Alexander.
ACCT 357 - Tax Research
Credits: 3
Planned Offering: Winter
Prerequisite: ACCT 355. This course covers tax research fundamentals, focusing on finding and interpreting legislative, administrative and judicial authorities. Students use online tax databases extensively to complete research problems outside of class. This course includes a service component. Alexander.
ACCT 360 - Auditing
Credits: 4
Planned Offering: Spring
Prerequisites: ACCT 321, at least junior standing, and accounting major. This course examines auditing and its role in a market economy. Course content focuses on the market for audit services, audit planning, evidence gathering, and reporting. Staff.
ACCT 370 - Casino Accounting, Auditing, and Financial Analysis
Credits: 4
Planned Offering: Spring 2013 and alternate years
Prerequisites: ACCT 320 or instructor consent, and must be 21 years of age by the first day of Spring classes.
This course provides an introduction to financial accounting and auditing in the gaming industry. Topics include the design and implementation of controls over cash, revenue recognition and measurement, accounting for the extension of casino credit , progressive jackpot liabilities, complimentary expenditures, and customer loyalty programs. Boylan.
ACCT 401 - Directed Individual Study
Credits: 1
Planned Offering: All terms.
Prerequisites: 12 credits in accounting courses numbered above 202, either a cumulative grade-point average of 3.000 or of 3.000 in all accounting courses, at least junior standing, and instructor consent. The objective is to permit students to follow a course of directed study in some field of accounting not presented in other courses, or to emphasize a particular field of interest. May be repeated for degree credit if the topics are different. Staff.
ACCT 402 - Directed Individual Study
Credits: 2
Planned Offering: Fall, Winter
Prerequisites: 12 credits in accounting courses numbered above 202, either a cumulative grade-point average of 3.000 or of 3.000 in all accounting courses, at least junior standing, and instructor consent. The objective is to permit students to follow a course of directed study in some field of accounting not presented in other courses, or to emphasize a particular field of interest. May be repeated for degree credit if the topics are different. Staff.
ACCT 403 - Directed Individual Study
Credits: 3
Planned Offering: Fall, Winter
Prerequisites: 12 credits in accounting courses numbered above 202, either a cumulative grade-point average of 3.000 or of 3.000 in all accounting courses, at least junior standing, and instructor consent. The objective is to permit students to follow a course of directed study in some field of accounting not presented in other courses, or to emphasize a particular field of interest. May be repeated for degree credit if the topics are different. Staff.
ACCT 406 - Directed Individual Study
Credits: 6
Planned Offering: Fall, Winter
Prerequisites: 12 credits in accounting courses numbered above 202, either a cumulative grade-point average of 3.000 or of 3.000 in all accounting courses, at least junior standing, and instructor consent. The objective is to permit students to follow a course of directed study in some field of accounting not presented in other courses, or to emphasize a particular field of interest. May be repeated for degree credit if the topics are different. Staff.
ACCT 453 - Internship
Credits: 3
Planned Offering: Fall
Prerequisites: ACCT 320, senior standing, and consent of the department. Limited to declared public accounting majors. Professional service in a public accounting firm or approved equivalent, arranged and supervised individually. Students proposing to undertake an internship must coordinate their plans with the department’s internship supervisor prior to the internship. Students undertaking an internship in the summer may receive credit in the following fall only as an overload. Staff.
ACCT 493 - Honors Thesis
Credits: 3-3
Planned Offering: Fall-Winter
Prerequisite: Take 12 credits from Accounting, except courses ACCT-201, ACCT-202, and senior standing. Instructor consent required. Honors Thesis.
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