Catalog 2019-2020

ACC - Accounting

ACC 099 Non-Credit Service Requirement for Accounting Majors

All accounting majors must complete 30 hours of service. At least 30 days prior to graduation, accounting majors must submit the ACC 099 Class Registration form along with documentation of service hours to the department chair for approval. Acceptable documentation includes a co-curricular transcript issued by the Office of Student Leadership and Engagement, Beta Alpha Psi service hour documentation, Delta Sigma Phi service hour documentation, a letter from an officer of a service organization or other verifiable documents of service. The faculty member who is responsible for managing the service requirement will review the documents and submit a passing grade to the registrar for completion of the requirement.

Credit Hours: 0

ACC 202 Financial Accounting Information

ACC 202 focuses on the external financial reporting of enterprises. The course examines the creation, flow and analysis of enterprise financial information, including the income statement, balance sheet, statement of retained earnings and cash flow statement in accordance with accepted accounting principles. Students conduct introductory Internet research on published company financial information.

Credit Hours: 4

Prerequisites

MAT 150 or equivalent.

Corequisites

BAC 100

ACC 203 Managerial Accounting

ACC 203 focuses on the concepts, systems, procedures and decision models that help managers analyze, interpret and improve business results. Managerial accounting encompasses various systems for calculating the cost of a product or service; tools for the evaluation of business segments; models for making decisions concerning a variety of special decisions; planning and budgeting for operations and capital items; and exposure to ethical norms and dilemmas in the context of accounting and finance. The course includes Excel spreadsheet applications.

Credit Hours: 4

Prerequisites

ACC 202, MAT 150 or higher (all COB majors are required to take MAT 225).

ACC 304 Cost Accounting

ACC 304 helps students apply cost accounting methods in a variety of organizational business settings by developing accounting information that is timely, relevant and useful for formulating strategy, making non-routine decisions and planning and controlling operations. Topics covered include cost accumulation, assignment and behavior; planning, budgeting, evaluating and controlling operations; and tactical decision-making.

Credit Hours: 4

Prerequisites

ACC 202 and ACC 203, MAT 160 (all COB majors are required to take MAT 225), QMB 210.

ACC 320 Intermediate Accounting I

This course expands the students’ understanding of generally accepted accounting principles. The theory covered includes the FASB’s conceptual framework, FASB codification of accounting standards, international financial reporting standards and the accounting process. This theoretical background is then applied to the preparation of financial statements and the use of time-value of money concepts to measure financial statement elements, revenue recognition and accounting for cash, receivables, inventories and long-term assets.

Credit Hours: 4

Prerequisites

MAT 160 (all COB majors are required to take MAT 225), BAC 100 and a grade of "C" or higher in ACC 202.

ACC 351 Accounting Information Systems

ACC 351 is a pragmatic study of accounting information systems. The course covers accounting systems concepts, systems documentation, transaction processing systems, database systems, e-accounting systems, accounting software systems, enterprise systems, systems acquisition/development, systems security/control and emerging issues related to accounting systems and their supporting information technologies.

Credit Hours: 4

Prerequisites

ACC 202, ACC 203, ACC 320, ITM 220.

ACC 352 Federal Tax Accounting I

ACC 352 covers the U.S. federal taxation system, concentrating on issues of individual taxation. There is significant emphasis on research tools and technology in the taxation field. Formal and informal written assignments enhance student understanding of the impact of taxation to decision making. Skills learned include how to undertake research and communicate the results in a cogent understandable manner. Students complete a volunteer tax clinic during the spring term, requiring some evening or weekend commitment. Successful completion of the volunteer project partially fulfills the ACC 099 service requirement.
Credit Hours: 4
(W)

Prerequisites

ACC 202.

ACC 401 Auditing and Attestation

ACC 401 covers generally accepted auditing and attestation standards, professional ethics, auditing and attestation reporting requirements and objectives. The course includes topics on the auditing profession, audit reports, professional ethics, audit responsibilities and objectives, audit evidence, audit planning, materiality and risk, and other assurance and non-assurance services. Students will complete a series of formal and informal auditing-specific writing assignments to develop practical audit skills. The use of Excel at the intermediate level will be required to perform analytical review.

Credit Hours: 4
(W)

Prerequisites

ACC 320 and ACC 351, QMB 210.

Corequisites

ACC 420.

ACC 420 Intermediate Accounting II

ACC 420 expands the student's study of generally accepted accounting principles. The course covers the theory and methodology involved in accounting for investments, current liabilities, long-term debt, leases, deferred income taxes, pensions, stockholders’ equity, earnings per share and accounting changes. The course also covers the preparation of the statement of cash flows and differences between US GAAP and IFRS.

Credit Hours: 4

Prerequisites

MAT 160 (all COB majors are required to take MAT 225), ITM 220 and a grade of "C" or higher in ACC 320.

ACC 490 Accounting Internship

ACC 490 examines practical aspects of accounting through a paid accounting internship at a firm under supervision of faculty and firm representatives. This course may not be used to satisfy major requirements. It may be repeated for credit beyond 124 hours. Approval of the accounting department’s internship coordinator is required.

Credit Hours: 1-8

Prerequisites

Junior or senior standing with at least a 2.25 overall GPA; completion of four accounting classes at or above the 300 level with a 3.0 average in those classes.

ACC 495 Special Topics in Accounting

ACC 495 is offered at the discretion of the accounting department. Subject may focus on a topic of current interest in the field, training in a specific area of the field or a topic that is of interest to a particular group of students.

Credit Hours: 4

Prerequisites

To be specified at time of offering.

ACC 499 Independent Study in Accounting

ACC 499 is a readings or independent studies course taken for variable credit. May not be used as an elective in the accounting major.

Credit Hours: 1-4

Prerequisites

Minimum 3.0 GPA, consent of the department chair and associate dean.

ACC 500 Essentials of Accounting

For graduate students only. ACC 500 examines the accounting principles and techniques involved in the creation and interpretation of key external accounting financial statements, and covers key topics in managerial accounting techniques to support management decision-making.

Credit Hours: 2

ACC 502 Auditing II

For undergraduates and graduates. This course is the second auditing course, focused on Statements on Standards for Attestation Engagements (SSAEs), the Statements on Standards for Accounting and Review Services (SSARSs), and the US and International Codes of Professional Conduct. 

Credit Hours:

Prerequisites

ACC 401

ACC 610 Accounting and Value Creation

For graduate students only (to be taken as one of the first three MBA courses). This course applies contemporary financial and managerial accounting concepts and techniques to examine how organizations create value for stakeholders. The financial accounting component involves in-depth analysis of external financial reports and introduces the rudiments of equity valuation. The managerial accounting module focuses on decision-making as it relates to planning, organizing and controlling operating activities.  Consideration is also given to business ethics and global issues relevant to the topic areas.

Credit Hours: 4

Prerequisites

ACC 500, FIN 500.

ACC 625 Accounting Research and Analytics

For graduate students only. This course provides students with the opportunity to develop skills needed by ALL students entering the accounting profession (see AICPA Core Competency Framework). These skills include critical thinking and problem solving, decision modeling, research, communication and reporting, and leveraging technology.
Credit Hours: 4

ACC 635 Business Ethics and Corporate Governance

For graduate students only. ACC 635 exposes students to the background and nature of ethical decision-making from personal, professional and societal points of view. Students learn how to recognize ethical issues in business, to reason effectively using higher-order moral thinking skills, to identify the elements of good governance and to perform risk assessment from business and assurance perspectives. Topics include ethical decision-making, why ethical decision-making is important to professional careers in accounting, the role of an ethical culture in business within the context of corporate governance and how risk assessment aids professional accountants.

Credit Hours: 4

ACC 637 Information Systems Control and Audit

For graduate students only. This course provides students with a pragmatic study of information systems (IS) audit/control and its significance for contemporary accounting practice. The course is designed to give students a working understanding of IT governance, IS risk management, IS resource control, IS security management and IS audit processes, with emphasis on accounting compliance and assurance concerns. Prevailing and/or emerging issues relating to IS audit/control are also explored, with consideration for the evolving responsibilities of accounting professionals in an IT-based control environment.

Credit Hours: 4

Prerequisites

ACC 351 or equivalent.

ACC 641 Government and Not-for-Profit Accounting

For graduate students only. ACC 631 introduces the underlying accounting concepts, methods of accounting and financial statement preparation for state and local governments and other not-for-profit organizations such as charities, universities and colleges, and health care organizations. Accounting standards and procedures for these types of organizations are significantly different from those of for-profit organizations, and this course provides the student with the ability to prepare, read, understand and analyze financial statements of not-for-profit entities.
Credit Hours: 4

Prerequisites

ACC 320.

ACC 643 Advanced Financial Accounting

ACC 643 covers several complex topics including business combinations, consolidations, foreign currency transactions, translation of foreign currency financial statements, hedging and derivatives, and partnerships.

Credit Hours: 4

Prerequisites

ACC 320 and ACC 420.

ACC 650 Nonprofit Management: Financial Management

For graduate students only. ACC 650 develops financial and evaluation tools for nonprofit executives. It includes an overview of financial reporting guidelines and techniques; accounting methods, systems and special topics related to nonprofit organizations; cost behaviors, measurements and analysis; the budgeting process and preparation of budgets; use of financial statement analysis; and the roles of executive officers and directors in financial management and internal controls.

Credit Hours: 3

ACC 651 Advanced Management Accounting

For graduate students only. ACC 651 provides students with a pragmatic study of advanced management accounting concepts and practices relating to strategic cost management, performance management, and management accounting control with emphasis on behavioral, social and sustainability implications.
Credit Hours: 4

Prerequisites

ACC 304 or equivalent and admission to the graduate program.

ACC 653 Federal Tax Accounting II

For graduate students only. ACC 653 examines laws, regulations and court opinions governing taxation of corporations, partnerships and estates. There is significant exposure to tax research tools. Students complete a volunteer tax clinic requiring some evening or weekend commitment.

Credit Hours: 4

Prerequisites

ACC 352.

ACC 655 Fraud Examination

For graduate students only. ACC 655 applies fraud examination methodology to the three major types of occupational fraud: corruption, asset misappropriation and fraudulent financial statements. Fraud examination is a methodology for resolving allegations of fraud from inception to disposition. This methodology covers topics related to the prevention, detection and investigation of fraud.

Credit Hours: 4

Prerequisites

ACC 500.

ACC 657 Financial Reporting and Analysis

For Graduate students only.  This is a practical analytical course that targets a diverse group of professional financial statement users such as auditors, equity analysts, accountants, creditors, and business consultants. The primary objective of this course is the mastery of interpreting and analyzing financial statements.  To achieve this objective the course provides a framework and a set of tools aimed at improving student’s ability to analyze companies and the business environment and how to perform comprehensive financial statement analysis as the foundation on which to evaluate performance and assessing future prospects.

Credit Hours: 4

Prerequisites

ACC-320

ACC 660 International Accounting

For graduate students only. ACC 660 provides a pragmatic study on international accounting and reporting issues facing multinational corporations. Topics include worldwide accounting diversity, the international financial reporting standards (IFRS), foreign currency transactions and hedging exchange risks, translation of foreign currency financial statements and international transfer pricing.

Credit Hours: 4

Prerequisites

ACC 420.

ACC 680 Contemporary Issues in Accounting

This course focuses on evaluating current and emerging issues and topics relating to accounting constructs, policy issues and professional concerns using accounting theory. This integrative capstone experience requires students to apply skills and knowledge gained from prior coursework. Students will demonstrate their professional knowledge, professional competency and professional responsibility through cases, projects and oral presentations.
Credit Hours: 4

Prerequisites

ACC 625, ACC 635 and at least 24 total earned hours in the MSA program.

ACC 690 Internship

International students must consult with the Office of International Programs. May be used to satisfy practicum requirements.

Credit Hours: 1-8

Prerequisites

Approval by the Office of Graduate and Continuing Studies, college internship coordinator and associate dean.

ACC 695 Special Topics in Accounting

A course offered at the discretion of the accounting department. Subjects may focus on a topic of current interest in the field, training in a specific area of the field or a topic that is of interest to a particular group of students.

Credit Hours: 4

Prerequisites

To be specified at time of offering.

ACC 699 Independent Study in Accounting

For graduate students only. Contemporary topics in accounting.

Credit Hours: 1-4

Prerequisites

Minimum 3.5 GPA, ACC 610, FIN 611 and written permission of the department chair.