Accounting principles and preparation of financial statements for interpretation and use by lenders, stockholders and managers; the accounting equation and cycle; and the source, meaning, and limitation of financial statement information. Prerequisite: MATC 1100 or MATH 1000 and MATH 1050. Course open to Women's College students only.
Accounting for running a business, with modules on financial accounting and a focus on managerial accounting. Prerequisite: Sophomore standing. Business minors only.
The purpose of this course is to introduce students to accounting and its relevance in the business world. Students learn how to analyze transactions and prepare financial statements. In addition, students are introduced to publicly traded company's annual reports and 10k's. Prerequisite: degree checkpoint 1.
The purpose of this course is to introduce students to accounting and its relevance in the business world. Students learn how to analyze transactions and prepare financial statements. In addition, students are introduced to publicly traded company's annual reports and 10k's. Prerequisite: MATH 1050.
Introduces or reinforces concepts and techniques for using accounting information for managerial purposes. The focus is on interpreting financial information and making business decisions, not accumulating or preparing accounting information. Prerequisites: degree checkpoint 1 and ACTG 2200.
Introduces or reinforces concepts and techniques for using accounting information for managerial purposes. The focus is on interpreting financial information and making business decisions, not accumulating or preparing accounting information. Prerequisite: ACTG 2205.
Use of accounting data and financial statements as a basis for managerial decisions; the relationship of accounting principles and transactions to other areas of business; cost behavior and analysis of variance, budgeting and product costing. Prerequisite: ACTG 1805; FIN 2805; MATC 1100; MATH 1050; ECON 1022; ECON 1032. Open to Women's College students only.
This course focuses on the fundamental elements and terminology of business transactions and related financial accounting; the accounting systems or recording, classifying, and summarizing information; accounting as a profession; economic and ethical issues relating to financial accounting; and the skills necessary for the professional accountant. The course is designed to prepare future accountants to understand how the accounting system functions within the larger environment of business. This course is an accounting workshop with students doing problems, exercises, and participating in class discussions. Prerequisite: degree checkpoint 2.
This course focuses on understanding both the mechanics and the reasoning behind data capture in an accounting information system. Students complete a set of books for a hypothetical company that is based on an actual company. In addition, the course will also focus on understanding the professional responsibilities of accountants, auditors, and management in the preparation of an organization's financial statements. Prerequisite: degree checkpoint 2.
Foundations of financial statement content, including structure of financial accounting theory; accounting process and cycle; income determination and reporting; compound interest concepts and relationship to accounting; accounting and reporting for current assets. Case studies of open-ended accounting problems requiring application of GAAP guidance to fact patterns. Prerequisite: degree checkpoint 2.
This is the first course in taxation which introduces the federal taxation system, the importance of tax authorities, the concepts of gross income and tax deductions and the tax implications of common property transactions. This course generally focuses on property transactions, but the taxation of individuals is emphasized with an objective being that students are able to properly prepare complex individual tax returns. Prerequisites: ACTG 3016, ACTG 3017, ACTG 3018, BUS 3500, and degree checkpoint 2.
Management accounting is a field in transition, moving from a procedural focus to a strategic focus on the use of accounting information to facilitate the success of the enterprise--for manufacturing, service, governmental and not-for-profit organizations. A principal motivation for the change in management accounting is the changes in business processes and organizations in response to increased global and domestic competition. These changes include a renewed focus on the customer, aggressive cost reduction, outsourcing, downsizing and reengineering, total quality management, advanced manufacturing technologies, and increased use of information technologies. The management accountant is no longer just a reporter and analyzer of financial information, but a business partner--developing the financial and non-financial information the organization needs to be successful. As such, the management accountant plays a strategic role in the business, developing and presenting the information that is critical for the firm's success. Prerequisites: ACTG 3016, ACTG 3017, ACTG 3018, BUS 3500, and degree checkpoint 2.
The focus of this course is the foundation and content of published financial statements. Specifically, it covers the following two modules: 1) assets: recognition, measurement and reporting issues, a) fixed assets and b) intangible assets; 2) liabilities: recognition, measurement and reporting issues, a) current liabilities, b) contingencies, and c) long-term liabilities. Common to each of the modules is an emphasis on reading GAAP and applying the GAAP guidance to fact patterns. In particular, the course is designed to enhance each student's ability to identify, discuss, and resolve open-ended problems (i.e., those having no single "correct" answer). Therefore, each student must commit to being an active participant in the class discussions. The two main reasons to participate are that (1) the class will be a richer experience if we hear a variety of views on each issue and (2) it is important to develop confidence in your ability to analyze and discuss complex technical issues, and to explain and justify your conclusions. Prerequisites: ACTG 3016, ACTG 3017, ACTG 3018, BUS 3500, and degree checkpoint 2.
This course is a continuation of ACTG 3018 and ACTG 3038 and completes the examination of the foundation and content of published financial statements. Specific topics include: stockholders' equity, investments in debt and equity securities, revenue recognition, income taxes, pensions, leases, statement of cash flows, accounting changes and errors, and interim reporting. Prerequisites: ACTG 3036, ACTG 3037, ACTG 3038, and degree checkpoint 2.
This course emphasizes critical communications skills for future accounting, tax, auditing and consulting professionals. The course develops written communication skills including but not limited to technical writing, reporting the results of research and explaining complex issues. Oral communication assignments include formal presentations, development of debate skills and boardroom presence. Assignments incorporate business etiquette and teambuilding. Prerequisites: ACTG 3036, ACTG 3037, ACTG 3038, and degree checkpoint 2.
Provides business majors with the necessary understanding to read, interpret, and use published financial statements. Prerequisites: ACTG 2200 and degree checkpoint 1.
Consolidated financial statements, accounting for leases, currency translation, and options and futures impacts, GAAP to restate financial statements for differences between companies. Impact of financial transactions and evaluating a firm's performance from a user's perspective. Prerequisites: ACTG 3220 and degree checkpoint 2.
Consolidation procedures, issues in the preparation and presentation of consolidated information, and interpretation of consolidated financial statements. Prerequisites: degree checkpoint 2 and ACTG 3282 or ACTG 3068.
Financial statement impact from doing business in a foreign currency, having foreign subsidiaries or operations, and certain hedging activities. Prerequisites: degree checkpoint 2 and ACTG 3282 or ACTG 3068.
Research and presentation (oral and written) of cases in managerial accounting involving internal reporting, internal uses of financial data, and effects on and considerations of interpersonal and interorganizational relationships. Prerequisites: degree checkpoint 2 and ACTG 2300.
Comprehensive planning in the corporate environment involving in-depth study of goals, procedures, responsibility, and coordination of planning and control process. Objectives and structuring of planning process, significant problem areas, benchmarks for alternative evaluation processes, and correction and control tools. Prerequisites: degree checkpoint 2 and ACTG 2300.
Income tax conceptual framework applicable to common business and investment transactions, including tax implications of business decisions. How effective business planning depends on accurate assessment of relevant tax factors. Prerequisites: ACTG 2200 and degree checkpoint 1.
Federal income tax as it applies to individuals, including discussion of rates, exemptions, deductions, and accounting methods; gross income, property transactions, tax deferred exchanges; business operating taxpayer issues. Prerequisites: degree checkpoint 2 and ACTG 2200.
Federal income tax as applied to the formation, operation and dissolution of business entities. Determination of corporate taxable income, special deductions, credits, methods of computing tax liability and estimated tax requirements. Determination of partnership and S Corporation ordinary income; classification and amount of separately stated items allocable to partners and S Corporation shareholders in accordance with the conduit principle. Prerequisites: degree checkpoint 2 and ACTG 3036 or ACTG 3440.
This course covers professional ethics and legal environment, generally accepted auditing standards (GAAS), internal control, audit documentation and auditors reports. Prerequisites: degree checkpoint 2, ACTG 3282 or ACTG 3068 or instructor's permission.
Accounting methods and managerial analysis used for governmental bodies and private and public not-for- profit institutions. Prerequisites: degree checkpoint 2 and ACTG 3282 or ACTG 3068.
Prerequisite: ACTG 3068 or instructor's permission.
Practical work experience.
Compensated work experience; no academic credit. Prerequisite: instructor's permission.
Independent research/study; requires written report. Prerequisite: instructor's permission.
This course will introduce you to the study of Accounting Information Systems (AIS) that utilize a Database Mangement System (DBMS) specifically Microsoft Access (MSA). You will gain a basic understanding of how to develop a beginning-to-intermediate AIS data and processes using system flow charts (SEC), entity relationsyhip diagrams (ERDs) and data flow diagrams DFDs) utilizing MS Visio software.
At the conclusion of this course the student should understand: 1) management decisions that impact published financial statements, 2) fundamentals of interpretation and analysis of financial statements, 3) economic and ethical issues relating to financial reporting, and 4) management attemps to enhance reported operating results.
Introduces key accounting concepts such as revenue recognition, matching principle, and accounting cycle. How to account for various transactions and learn role and purpose of balance sheet, income statement, and statement of cash flows. How various transactions affect these statements and how statements interrelate. Prerequisite: MBA 4110, MBA 4111, or MS finance degree student.
Enhances understanding of financial statements and develops insight into treatment of such advanced financial accounting topics as consolidated financial statements, accounting for leases, currency translation, and options and futures impacts. GAAP (Generally Accepted Accounting Principles) to restate financial statements for differences between companies. Emphasis on impact of financial transactions and how to better evaluate firms' performances. Reflects a user's perspective rather than a preparer's perspective. Not open to MAcc students. Prerequisite: ACTG 4281.
This course covers consolidation procedures, issues in the preparation and presentation of consolidated information, and interpretation of consolidated financial statements. Prerequisite: ACTG 4282, ACTG 3282 or ACTG 3068.
Topics covered in this course include the financial statement impact of doing business in a foreign currency, having foreign subsidiaries or operations, and certain hedging activities. Prerequisite: ACTG 4282, ACTG 3282 or ACTG 3068.
Research and presentation (oral and written) of cases in managerial accounting involving internal reporting, internal uses of financial data, and effects on and considerations of interpersonal and interorganizational relationships. Prerequisite: ACTG 4354 or permission of instructor.
Accounting information in manufacturing enterprises, standard costs, and budgets. Open to students not having ACTG 3354 or equivalent. Prerequisite: MBA 4110, 4111, or equivalent.
Prerequisite: ACTG 4610.
Opportunity to learn, study, and discuss practical aspects of accounting as it is used to detect and prosecute fraud. Students will be exposed to and shown how to deal with improprieties, common fraud schemes, illegalities, and harassments. Prerequisite: ACTG 3551.
This course covers professional ethics and legal environment, generally accepted auditing standards (GAAS), internal control, audit documentation and auditors reports.
This course is designed to build on the foundation of auditing knowledge developed in ACTG 4551 and apply that knowledge to specific accounts and assertions in a financial statement audit. Students also examine selected SEC enforcement actions and discuss what audit procedures may have been beneficial to prevent the misstatement. Prerequisite: ACTG 4551 or ACTG 3551.
The purpose of this course is to expose students to the accounting, economic and valuation concepts and challenges that are relevant to auditing fair value measurements and disclosures in financial statements. The role of the FASB, PCAOB, SEC and other standards setters on fair value accounting and measurements are explored. Prerequisite: ACTG 4551 or ACTG 3551.
This course covers the topics of risk, associated internal controls and IT audit of accounting information systems. The course outcomes are the skills to analyze and document AIS, perform a risk assessment, evaluate and document current IC and articulate the best practice in internal control frameworks such as COSO, COSO ERM, Cobit 4.1, etc. Student also recommend revised/new IC based on the frameworks, understand CPA risk-based audit standards SAS 104-109 and demonstrate knowledge and skills concerning IT audit techniques known as Computer Assisted Audit Techniques (CAATs) requiring general audit software such as IDEA. Prerequisite: ACTG 4155 or ITEC 3155.
Accounting methods for governmental bodies and public and private not-for-profit institutions. Prerequisite: ACTG 3038, ACTG 3281 or ACTG 4281.
The purpose of this course is to provide you with an understanding of financial statements issued by companies to external parties, such as shareholders, creditors, and government agencies such as the Securities and Exchange Commission (SEC). To achieve this purpose, the course will: 1) introduce students to the most important issues relating to the assets, liabilities, and stockholders' equity accounts reported on the balance and income statement reporting issues; 2) provide students with sufficient understanding of the reporting mechanics to locate and interpret relevant information in the financial statements; 3) assist students in developing skills that can be used in analyzing financial information provided by companies; and 4) examine major transaction categories and accounting policies of business firms and their financial statement implications. Upon completion of the course, students should be able to appreciate both the usefulness and the limitations of accounting information. The perspective of the course is at all times that of the USER, rather than a PREPARERE, of financial statements.
Strategic cost management methods and practices focus on how to help the firm succeed in contemporary business. Topics in the course include balanced scorecard, cost-volume-profit analysis, target costing, standard costing, and management control. The course will enable students to apply strategic thinking to management planning, decision-making, and management reporting. Prerequisite: ACTG 4610
Explores the business, personal, and interpersonal issues of family-owned and managed businesses. Strenghts and weaknesses of family businesses and behavioral issues special to these settings; analytical skills pertinant to these issues; ability to manage effectively and cope interpersonally within these complex and ofter emotionally charged situations; understand family patterns and dynamics and their relationship to family-owned businesses; consider impact that a family business may have on a student's career.
This course explores all major aspects of business valuation. Students not only study valuation theory, they appraise an actual business and draft a valuation report in compliance with the American Institute of Certified Public Accountants Statement on Standards for Valuation Services (SSVS) and Reporting Standards of the National Association of Certified Valuation Analysts (NACVA). Prerequisite: ACTG 3068 or ACTG 4282.
This course examines the current and pressing issue of corporate governance, in its ethical, legal, and social dimensions. Students read the latest views of scholars and experts and gain the perspectives of corporate CEOs and other organization leaders. Topics explored include the history of various governance models, public policy on corporate governance, corporate board functions and responsibilities, the dynamics between CEOs and boards, ethical leadership and corporate culture, ethics and compliance programs, executive liability, nonprofit corporate governance, board and audit committee responsibilities, restructuring and governance, executive compensation problems and solutions, shareholder activism, and corporate governance reforms. Prerequisite: BUS 4620. MSAcc students only.
Hours and times arranged by student.
Hours and times arranged by student.