Business, Accounting, Economics Course Descriptions Accounting (Acct) 201-3 Principles of Accounting I A study of the basic accounting cycle for single proprietorships and partnerships. Fall and spring 202-3 Principles of Accounting II A study of the principles of corporate/ managerial accounting. Prerequisite: Acct 201. Fall and spring 207-3 Income Tax for Non-Accountants This course is designed to familiarize the nonaccountant with the federal income tax laws as they relate to the preparation of income tax returns. The course will focus on individual returns for the current tax year. Offered when circumstances permit 301-3 Intermediate Accounting I The study of current assets and liabilities, plant assets, and accounting functions. Prerequisite: Acct 202. Fall 302-3 Intermediate Accounting II A continuation of Intermediate Accounting I with study of long‑term liabilities, equity and income determination, plus various other issues. 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 74
of special funds for governmental units, hospitals, and colleges. Prerequisite: Acct 302. Spring 335-3 Accounting Information Systems This course introduces a computerized systems perspective applied to traditional and current accounting topics as discussed throughout the entire accounting curriculum. Students will be exposed to concepts and principles used to design, implement, and evaluate computerized accounting information systems in such areas as general ledger applications, accounts receivable and accounts payable processing, and various forms of report writing and evaluation. Prerequisite: Acct 302. Offered when circumstances permit 355-3 Income Tax Accounting I A study of the current rules surrounding the federal income taxation of individuals. 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 partnerships and corporations. 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. Spring 451-3 Auditing I Examines the auditing environment, audit planning, reporting, and other services. Topics include professional ethics, legal liabilities, internal control, evidence gathering, and audit reports. Prerequisite: Acct 302. Fall 452-3 Auditing II A continuation of Auditing I. Emphasis is placed on auditing the various transaction cycles and audit testing methodology. Also includes case studies and practical applications. Prerequisite: Acct 451. Spring