Catalog 2022-2023

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. Students will apply a critical thinking framework to identify business issues and to organize, analyze, visualize, and communicate data to relevant parties. 
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

This course provides a practical study of information systems/technology for accountants. The course offers a working understanding of information systems functions/processes, software/technology, and control/security with an emphasis on contemporary accounting practice concerns and competencies. Emerging and prevailing issues/trends relating to information systems and supporting information technologies are also explored with consideration for evolving responsibilities of accounting practitioners in an IT-intensive business environment.
Credit Hours: 4

Prerequisites

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

ACC 352 Federal Taxation I

ACC 352 covers the U.S. federal taxation system, concentrating on issues of individual taxation. There is significant emphasis on methods of taxation, tax procedure, tax jurisdictions, tax accounting methods, asset acquisition/disposition and technology in the taxation field. Formal and informal written assignments enhance student understanding of the impact of taxation to decision making.  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 Financial Accounting

For graduate students only. This course examines the accounting principles and techniques involved in the creation and interpretation of external accounting financial statements.
 
Credit Hours: 2

Prerequisites

Admission to the MBA program.

Corequisites

ACC 501

ACC 501 Essentials of Managerial Accounting

For graduate students only. This course examines the accounting principles and techniques used by internal stakeholders to evaluate business performance and make short term decisions.

 
Credit Hours: 2

Prerequisites

Admission to the MBA program

Corequisites

ACC 500

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: 4

Prerequisites

ACC 401

ACC 553 Federal Taxation II

For graduate students only. ACC 553 examines taxation of entities including corporations, partnerships, S-corporations, limited liability companies, tax-exempt organizations, estates, and trusts. Legal, ethical and responsible tax practice conducted utilizing available technology is addressed. Students complete a volunteer tax clinic requiring some evening or weekend commitment.
Credit Hours: 4

Prerequisites

ACC 352

ACC 610 Accounting and Value Creation

For graduate students only. This course presents best practices and contemporary developments in Strategic Cost Management by focusing on how managers use cost information to create value and to align organizational functions and activities with strategic goals.
 
Credit Hours: 4

Prerequisites

ACC 500, FIN 500.

ACC 625 Accounting Research and Analytics

ACC 625 incorporates research and data analytics as distinct, but interrelated skills. Foundational theories, methods, and applications of accounting research are covered in addition to techniques to plan, execute, and present quality research in written and oral form. A formal process for approaching data analytic projects, from planning, data mining, and ETL, to employing analytic techniques, visualizations, and summarizing and presenting findings is developed using generalized and applied examples. A variety of popular and/or emerging graphical- and coding-based analytic tools are employed.
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 Advisory and Assurance

For graduate students only. This course provides a pragmatic study of information systems (IS) advisory/assurance and its significance for contemporary accounting practice. The course offers a working understanding of information technology (IT) governance/management, IT threat analysis/risk management, IS process/resource control, IS security/asset protection, and IS audit processes/procedures with emphasis on accounting control/compliance concerns. Emerging and prevailing issues/trends are also explored with consideration for evolving responsibilities of accounting professionals in an IT-driven practice 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, governmental and not-for-profit accounting.
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. This course provides a pragmatic study of contemporary management accounting concepts, methods, and practices utilized to enable organizational strategy. The course offers a working understanding of strategic cost management, performance management, and management control by examining how managers make use of such practices to support organizational objectives and create value. Emerging and prevailing practice issues/trends are also explored with consideration for the evolving strategic responsibilities of management accounting professionals.
Credit Hours: 4

Prerequisites

ACC 304 or equivalent and admission to the graduate program.

ACC 654 Federal Taxation III

For graduate students only. ACC 654 examines tax planning, capital asset taxation, tax planning for individuals/entities and personal financial advisory services. Research methods, tax databases and research analysis tools are developed though use of planning exercises. (summer only) 
Credit Hours: 4

Prerequisites

ACC 553

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 Advanced Financial Statement Analysis and Valuation

For Graduate students only.  This course is about the decision usefulness of accounting information as it applies to a diverse group of financial statement users such as managers, auditors, creditors, consultants, and equity analysts. The course involves strategic analysis of businesses and industries, addresses assessment of accounting quality, distinguishing between operating drivers of value and non-operating items, teaches advanced financial statement analysis, basic forecasting, and valuation.
Credit Hours: 4

Prerequisites

Prerequisites: ACC320 or, ACC500 and ACC501 and FIN 611

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 applies financial accounting theory to evaluate current and emerging issues relating to accounting constructs, policies, and professional practice. Specifically the course examines how the role of capital markets, compensation practices, debt covenants, and other economic factors influence accounting policy and accounting choices. Cases, research projects, and oral presentations support development of critical thinking and communication skills.
Credit Hours: 4

Prerequisites

At least 6 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.