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Course Descriptions

ACC 321: Intermediate Accounting I
Goal: To enable the student to evaluate and develop a system of understanding accounting theory and practice in preparation for advanced accounting topics and academic and career opportunities.
Content: An intensive study of financial accounting functions and basic theory of accounting with emphasis on financial statement preparation and measurement of assets and liabilities.
Taught: Fall.
Prerequisite: ACC 201 and 202.
Credit: 3 hours.

ACC 322: Intermediate Accounting II
Goal: To help students become familiar with and understand the theory underlying accounting reports, the required content and disclosure in financial statements and reports, and to recognize errors in the preparation of reports in applications of theory and principles.
Content: A continuation of BUS 321. Study of accounting for current liabilities, long-term liabilities, intangibles, corporate capital, retained earnings, and property, plant and equipment.
Taught: Spring.
Prerequisite: ACC 321.
Credit: 3 hours.

ACC  323: Cost Accounting
Goal: To provide a comprehensive coverage of fundamental concepts and techniques within the area of cost accounting.
Content: Focus on the different types of costs and their interrelationships. Strong emphasis on problem solving with the use of concepts covered in the text and in-class lecture material. Computer concepts also covered.
Taught: Fall. Alternate years.
Prerequisite: ACC 201 and 202.
Credit: 3 hours.

ACC  328: Fraud Examination
Goal: To provide students with an understanding of the theory and practice of fraud examination including a study of the common types and incidence of occupational frauds and various methods of internal controls to help prevent and detect fraud.
Content: A study of the principles and methodology of fraud detection and deterrence, including a study of the factors leading to fraud, as well as indicators of fraud. The course will include such topics as skimming, cash larceny, check tampering, disbursement schemes, billing schemes, payroll and reimbursement schemes.
Taught: Spring. Alternate years.
Prerequisite: ACC 201
Credit: 3 hours

ACC 333: Business Information Systems
Goal: To understand how firms plan, build, and implement systems to process accounting information necessary to the business.
Content: A study of the fundamentals of business data processing techniques and systems. Technological advances and their effects on business are discussed.
Taught: Spring.
Credit: 3 hours; cross-listed as BUS 333.

ACC 423: Intermediate Accounting III
Goal: To help the student understand the complex theory and procedure required in the preparation of financial statements.
Content: A continuation of ACC 321 and ACC 322. Study of accounting for dilutive securities, earnings per share, leases, pensions, deferred income taxes, statement of cash flows, revenue recognition, error corrections, and accounting changes.
Taught: Offered occasionally.
Prerequisite: ACC 321 and ACC 322.
Credit: 3 hours.

ACC 431: Advanced Accounting
Goal: To help the student understand accounting and reporting problems underlying inter-corporate investments, multinational operations, and partnerships.
Content: Advanced study in accounting principles and special problem areas. Topics include partnerships, combined corporate entities, and consolidations.
Taught: Spring. Alternate years.
Prerequisite: ACC 321, ACC 322, and ACC 423.
Credit: 3 hours.

ACC 432: Auditing
Goal: To help the student understand the duties and responsibilities of the independent auditor in examining and reporting on the financial statements of a business organization.
Content: A closer look at the audit environment and examination of the moral, ethical, and legal responsibilities of the independent auditor. A study of the central concepts of internal control and the methods and procedures used by the auditor to evaluate the accounting system, to assess its strengths and weaknesses, and accordingly develop an appropriate
audit program. An examination of the major types of transactions of a business which are measured, aggregated and summarized in conventional financial statements. An analysis of the disclosures required in financial statements of publicly held companies and various types of reports issued by auditors.
Taught: Spring. Alternate years.
Prerequisite: ACC 321.
Credit: 3 hours.

ACC 433: Government and Not for Profit Accounting
Goal: To teach the student the complex theory and procedures involved in accounting for government and not-for-profit entities.
Content: Accounting for state and local governmental entities will be examined. Also, the accounting theory and procedures used by non-for-profit schools, health and welfare organizations, and hospitals will be discussed.
Taught: Fall. Alternate years.
Prerequisite: ACC 201.
Credit: 3 hours.

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Rev. 01.10