Course Descriptions ACC 330 Federal Taxation I (3 credits) A detailed presentation is made of the theory and practice applicable to the preparation of federal income tax returns for individuals. Prerequisite: ACC 202. ACC 331 Federal Taxation II (3 credits) A detailed presentation is made of the theory and practice applicable to the preparation of federal income tax returns for S corporations, C corporations and partnerships. Prerequisite: ACC 330. ACC 335 Tax Factors For Business Decisions (3 credits) This course focuses on tax basics that apply to all forms of business organizations. It stresses the importance of tax concepts within the framework of financial reporting and emphasizes differences between tax and financial accounting theory and electronic applications in the tax area. The course covers general concepts, underlying policies, a comparison of tax rules to GAAP, basic compliance obligations, the role of the tax advisor and current tax issues. The Internal Revenue Code, comprehensive research matters of tax law, and computer online service research will be explored. Prerequisite: ACC 202. ACC 340 Controllership (3 credits) This course examines the accounting and interpersonal skills necessary to manage an efficient accounting department. These skills include processing accounting transactions, preparing financial statements, recommending improvement in financial operating policies, and monitoring the financial activities in other departments. Basic areas of subject coverage include cash management, inventory valuation, operations budgeting, taxes, insurance, and capital budgeting. Also included will be the use of electronic spreadsheets for financial analysis, client-server computing applications, target costing, disaster recovery planning, activity based costing, outsourcing, and managing in a growth environment. Prerequisite: ACC 307. ACC 345 Financial Statement Analysis and Business Valuation (3 credits) Accountants and other business professionals are often called upon to evaluate the financial health and market value of their company and of other companies under consideration for acquisition. This course presents theory, tools and techniques that are later applied to the actual analysis of a publicly traded company, as well as an introduction to fundamental valuation techniques. It will extend prior analysis to include the computation of free cash flows, the interpretation of notes to financial statements and the integration of information provided in various SEC filings to evaluate a corporation’s future prospects. This is a team intensive course. Prerequisites: ACC 307 and FIN 320, or permission of instructor. ACC 350 Volunteer Income Tax Assistance (VITA) Course (3 credits) This course requires students to volunteer as tax preparers in the community in applying the I.R.S. tax code. Students are certified by the I.R.S. as tax preparers through the Volunteer Income Tax Assistance (VITA) Program. Students complete
actual tax returns for both United States and Non-resident taxpayers. This course also entails working with the international community. This is accomplished by working at the SNHU-VITA site as well as marketing the site to the general public. The course entails the preparation of basic income tax returns. Prerequisite: Junior standing. ACC 405 Advanced Accounting (3 credits) Advanced Accounting includes a comprehensive examination and analysis of the accounting principles and procedures that are applicable to special areas of business. The topics covered are consignments, installment sales, branches, business combinations, consolidations, bankruptcy, foreign exchange, and estates and trusts. Particular emphasis is placed on problem-solving. Prerequisite: ACC 309 or permission of the instructor. ACC 411 Auditing Principles (3 credits) This course presents an in-depth examination of audit programs and procedures. It emphasizes the review of internal controls as required during an audit engagement, as well as the considerations pertaining to both clients and auditors. Prerequisite: ACC 308. ACC 421 Auditing and Forensic Accounting (3 credits) This course focuses on the investigation, detection, documentation, and prevention of accounting frauds, stock frauds, and employee theft and embezzlement. White-collar crime involving fraud has mushroomed. Much of the responsibility for detecting fraud has been assumed by the accounting profession. Accountants need to learn how to investigate and recognize fraud within an organization and how to implement the latest techniques for controlling it. Prerequisite: ACC 308. ACC 423 Detection and Prevention of Fraudulent Financial Statements (3 credits) This second course in forensic accounting and fraud examination examines the various types of fraud and its impact on the financial information presented. This course identifies common fraud schemes and scams. Participants in this course will learn how to review, detect and investigate possible financial statement fraud. Various techniques will be used to explore substantive analytical procedures and to assess the risks of financial statement fraud. Prerequisite: ACC 421. ACC 425 Interview Techniques and Legal Aspects of Fraud (3 credits) This third course in forensic accounting and fraud examination will introduce participants to interview principles and techniques. Participants will be exposed to some of the legal aspects pertaining to the identification and prosecution of fraud. Prerequisite: ACC 423. ACC 427 Investigating with the Computer (3 credits) This fourth course in forensic accounting will provide guidance and knowledge for conducting investigations with technology. Students will be introduced to some of the types of public records available for investigation; how to access these public records through databases; related internet 129