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Business, Accounting, Economics Course Descriptions ACCOUNTING (Acct) 201-3  Principles of Accounting I A study of the basic principles of the accounting cycle with emphasis on current assets; property, plant, and equipment; and current liabilities. Concludes with an introduction to partnerships. Fall and spring 202-3  Principles of Accounting II A continuation of Acct 201, with emphasis on corporations, reporting and analysis, and managerial accounting. Prerequisite: Acct 201. Fall and spring 301-3  Intermediate Accounting I A study of financial reporting and statements, current assets and liabilities; property, plant, and equipment; intangibles; investments; and longterm receivables. Prerequisite: Acct 202. Fall 302-3  Intermediate Accounting II A continuation of Intermediate Accounting I with study of long-term debt, equity, revenue recognition, the statement of cash flows, and accounting for income taxes, post-retirement benefits, leases, and changes and errors. Prerequisite: Acct 301. Spring 311-4  Cost/Managerial Accounting This course examines various topics in cost and managerial accounting. It focuses on the examination and analysis of cost data for performance evaluation and decision-making. Special emphasis is placed on job order costing, process costing, standard costs, the budgeting process, cost-volume-profit analysis, variable costing, capital budgeting, and capital investment. Prerequisite: Acct 202. Spring 325-3  Governmental and Not-for-Profit Accounting This course introduces the accounting procedures used for governmental and nonprofit organizations. Emphasis will be placed on the use of special funds for governmental units, hospitals, and colleges. Prerequisite: Acct 302. Spring 74

355-3  Income Tax Accounting I A study of the current environment surrounding the federal income taxation of individuals and businesses, tax planning, and tax minimization. Prerequisite: Acct 202. Fall 356-3  Income Tax Accounting II A continuation of Income Tax Accounting I, with study expanding to the current rules surrounding the federal income taxation of property, partnerships, corporations, gifts, and estates. Prerequisite: Acct 355. Spring 357-1-2  Tax Practicum: VITA A practicum offering students the opportunity to prepare individual tax returns. The program is offered under the auspices of the Taxpayer Service Section of the Internal Revenue Service. Prerequisite: Acct 355 or permission of instructor. Spring 451-3  Auditing I Approaches auditing by emphasizing an understanding of the entity and its environment, assessing business risks and focusing on business processes as they pertain to the audit functions of planning, performance and testing, and reporting. Integrated topics include professional ethics, legal liability, internal controls, and business information systems. Prerequisite: Acct 302. Fall 452-3  Auditing II/Senior Seminar A continuation of Auditing I. Forensic auditing and accounting applications to audit examinations, including its legal environment, Sarbanes-Oxley Act, analytical procedures, interviewing and interrogating, financial statement fraud, employee and vendor fraud are explored. Includes case studies to cover concepts and theories learned in the study of accounting as a major. Prerequisite: Acct 451. Spring 457-3  Advanced Accounting A course of specialized accounting procedures and reporting with emphasis on multi-corporate entities, consolidations, multinational entities, and partnerships. Prerequisite: Acct 302. Fall

Profile for University of Jamestown

Academic catalog 18 19 (web)  

Academic catalog 18 19 (web)