course offerings Accounting (ACCT) ACCT 101 Financial Accounting 3 s.h. Introductory course in the practical applications of financial accounting. Topics include an introduction to financial statements, analysis of the statements, accounting information systems, accounting concepts involved in accounting for cash, accounts receivable, inventory, long lived assets, liabilities and stockholders equity. Ethical issues in accounting are explored. Computer-based applications for accounting and use of the Internet are employed.Prerequisite(s)/Course Notes: Sophomore class standing or above–students with fewer than 24 credits on record may not register for this course; no exceptions permitted. Prerequisite/ Corequisite: IT 14 or permission of the department chairperson. Credit given for this course or ACCT 1 or 10 or 201. SSI 60128: M-R, 11 a.m.-1:10 p.m., Maccarrone, 203 Breslin SSII 70138: M-R, 8:35-10:45 p.m., Jacobs, 208 CV Starr SSIII 80075: M-R, 1:45-4:55 p.m., Fonfeder, 209 CV Starr ACCT 102 Managerial Accounting 3 s.h. Course provides students with an understanding of concepts that are fundamental to the use of management accounting. Topics include costing concepts and systems, budgeting, cost-volume- profit analysis, financial statement analysis, and the statement of cash flows and other managerial accounting concepts.. Prerequisite(s)/Course Notes: ACCT 101, IT 14 and sophomore class standing or above–students with fewer than 24 credits on record may not register for this course; no exceptions permitted. Credit given for this course or ACCT 2 or 20 or 201. SSI 60216: M-R, 3:45-5:55 p.m., Fonfeder, 208 CV Starr SSII 70092: M-R, 11 a.m.-1:10 p.m., Slavin, 209 CV Starr SSIII 80020: M-R, 6:30-9:40 p.m., Fonfeder, 209 CV Starr ACCT 123 Financial Accounting Theory and Practice I 3 s.h. Study of accounting theory and procedures and the special problems that arise in the application of underlying accounting concepts to financial accounting. Focus on the application of accounting information as a basis for decisions by management, stockholders, creditors, and other users of financial statements and accounting reports. Conflicts and shortcomings that exist within the traditional structure of accounting theory, including ethical aspects, are discussed in conjunction with Opinions of the Accounting Principles Board, and Statements of the Financial Accounting Standards Board. International accounting differences are also considered. Prerequisite(s)/Course Notes: FIN 101 or permission of the department chairperson; Prerequisites: IT 14; ACCT 2 or 20 or 102; junior class standing or above–students with fewer than 58 credits on record may not register for this course; no exceptions permitted. SSI 60130: M-R, 11 a.m.-1:10 p.m., Slavin, 209 CV Starr ACCT 124 Financial Accounting Theory and Practice II 3 s.h. Study of accounting theory and procedures and the special problems that arise in the application of underlying accounting concepts to financial accounting. Focus on the application of accounting information as a basis for decisions by management, stockholders, creditors, and other users of financial statements and accounting reports. Conflicts and shortcomings that exist within the traditional structure of accounting theory, including ethical aspects, are discussed in conjunction with Opinions of the Accounting Principles Board, and Statements of the Financial Accounting Standards Board. International accounting differences are also considered. Prerequisite(s)/Course Notes: IT 14; ACCT 123; FIN 101; junior class standing or above–students with fewer than 58 credits on record may not register for this course; no exceptions permitted. SSII 70093: M-R, 8:30-10:40 a.m., Slavin, 209 CV Starr ACCT 125 Accounting Entities (Advanced) 3 s.h. Discussion of advanced theory and problem-solving for partnership formation, operation and termination; an analytical overview of the accounting problems
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summer sessions 2011
associated with mergers, acquisitions, and the preparation and interpretation of financial reports with respect to the resultant combined corporate entities; translation of foreign financial statements, and governmental fund accounting and not-for-profit accounting. International perspectives and ethical issues are integrated throughout. Recent statements and pronouncements by the American Institute of Certified Public Accountants, the American Accounting Association, and the Securities and Exchange Commission are used throughout the course. Prerequisite(s)/Course Notes: ACCT 124, IT 14, junior class standing or above– students with fewer than 58 credits on record may not register for this course; no exceptions permitted. Credit given for this course or ACCT 242, not both. SSI 60129: M-R, 8:30-10:40 a.m., Slavin, 209 CV Starr ACCT 131 Cost Accounting Systems 3 s.h. Various cost accounting concepts are studied, e.g., production cost systems. Topics include job-order costing, process costing, standard costs, direct costing, by-products and joint products, differential and comparative costs. Ethical, environmental and international considerations relating to the production process are discussed. Prerequisite(s)/Course Notes: ACCT 2 or 20 or 102, junior class standing or above–students with fewer than 58 credits on record may not register for this course; no exceptions permitted. Corequisite: IT 14. SSI 60269: M-R, 8:30-10:40 a.m., Petra, 308 CV Starr ACCT 133 Auditing Theory and Practice 3 s.h. The role and function of the independent auditor in the profitdirected sector of the economy is emphasized. The ethical, social, economic and political forces that have influenced the philosophy and conceptual foundations of auditing are covered in depth. Pronouncements by the American Institute of Certified Public Accountants, rulings by regulatory agencies and court decisions are analyzed. Standards that guide the auditor and the methodology used in conducting an audit are covered and illustrated, including audit considerations regarding computerized management information systems. Prerequisite(s)/Course Notes: ACCT 124, IT 14, QM 1, and senior class standing or permission of the department chairperson–students with fewer than 88 credits on record may not register for this course; no exceptions permitted. Credit given for this course or ACCT 233, not both. SSI 60259: M-R, 8:30-10:40 a.m., Maccarrone, 203 Breslin SSII 70177: M-R, 6:10-8:30 p.m., Basilicato, 107 CV Starr 70580: M-R, 6:10-8:30 p.m., Basilicato, 107 CV Starr Estee Lauder MBA program. ACCT 135 Accounting Information Systems 3 s.h. This course explores accounting information systems and how they relate to the accountant’s ability to conduct business and make decisions. The course focuses on transaction cycles with special emphasis on ethics, fraud, and internal controls and targets the needs and responsibilities of accountants as end users of systems, systems designers, and auditors. It includes an introduction of Sarbanes-Oxley and its effects on internal controls, and other relevant topics. Prerequisite(s)/ Course Notes: Prerequisites: ACCT 124 or approved equivalent, senior class standing–students with fewer than 88 credits on record may not register for this course; no exceptions permitted. Corequisite: ACCT 133. Credit given for this course or ACCT 208, not both. SSI 60742: M-R, 1:30-3:40., Sledgianowski, 107 CV Starr ACCT 143 Income Tax Accounting I 3 s.h. Analysis of the Federal Income Tax laws, their meaning, application, ethical and international considerations relating to individuals. Prerequisite(s)/Course Notes: ACCT 124 and senior class standing or permission of department chairperson – students with fewer than 88 credits on record may not register for this course; no exceptions permitted. Credit given for this course or ACCT 215, not both. SSI 60021: M-R, 6:10-8:20 p.m., Finkelstein, 208 CV Starr ACCT 144 Income Tax Accounting II 3 s.h. Analysis of the Federal Income Tax laws, their meaning, application, ethical and international considerations relating to business entities. Partnership, regular corporations and Subchapter S corporations will be the focus of this course.