Course Descriptions
REQUIRED COURSES
Ac151-152 Principles of Accounting, I and II (6)
Fundamental principles of accounting for business entities; the reporting of financial information to users; basic considerations underlying financial and cost accounting data from a management point of view. (Must be taken in sequence.)
Ac331-332 Intermediate Accounting Theory, I and II (6)
Traditional financial accounting topics, including recent developments by the leading professional accounting organizations. (Must be taken in sequence.) Prerequisites: Ac151-152.
Ac341 Advanced Accounting Theory
Study of specialized subject areas rounding out the accounting knowledge required by the beginning career accountant. Prerequisite: Ac332.
Ac443 Cost Accounting
Study of cost accounting information systems and their importance as an essential management tool. Prerequisite: Ac332.
Ac444 Auditing Principles
Study of auditing standards associated with the examination of corporate accounts. Emphasis on audit objectives. Prerequisite: Ac332.
Ac455 Taxation
Practical understanding of the Federal Income Tax Law including the basic principles of the law and their practical application. Prerequisite: Ac332.
ELECTIVES
Ac325 Forensic Accounting
A basic practical understanding of forensic accounting as a management tool; combining accounting and auditing with investigative skills and techniques, applied to legal and criminal issues including fraud. Emphasis placed on managers and accountants responsibility under the Sarbanes Oxley Act. Prerequisite: Ac151 and 152.
Ac460 Accounting Information Systems
Review of managerial accounting systems covering the monitoring of the accumulations, summarization and reporting of accounting information to the ultimate user within the organization. The evaluation and control of input data, processing systems, and output results are emphasized. Prerequisite: Ac332.
Ac472 Government and Fund Accounting
Comprehensive study of principles of Government and Fund Accounting and their practical application. Prerequisite: Ac332.
Ac474 Accounting for Intercorporate Investment
Study of accounting for intercorporate investment; parent-subsidiary relationships; business combinations; indirect and reciprocal holdings. Prerequisite: Ac332.
Ac490 Accounting Internship
Eligible students are given the opportunity to work with a CPA firm or do other accounting work prior to graduation. Prerequisite: departmental approval.
Ac498 Seminar in Accounting
Comprehensive review of all previous accounting courses, including contemporary accounting theory, auditing practice, advanced cost accounting and problem solving. Prerequisite: departmental approval.
SPECIAL ELECTIVE
Ac197 Personal Taxes
A basic practical understanding of Federal income tax laws for the nonaccounting major. Emphasis on preparation of the basic income tax return.
COURSES IN BUSINESS LAW
Bl161 Introduction to Law and Contracts
Introduction to the legal system; the nature of contracts; the statute of frauds; assignment of contracts; methods of discharging obligations in contract; remedies upon breach of contract.
Bl162 Agency and Business Organizations
The nature and creation of an agency relationship, a partnership, a corporation; the rights and duties of the various parties; the law of trade regulation and unfair competition. Prerequisite: Bl161.
Bl241 Real and Personal Property
The nature of real and personal property; methods of transferring title; bailments; duties and liabilities of common carriers; rights of society; trusts; insurance; security interest. Prerequisite: Bl161.
Bl251 Uniform Commercial Code
Study of articles 1, 2, 3, 4 and 9 of the Uniform Commercial Code. Form and content of commercial paper; bank deposits and collections; security interest in personal property; product liability. Prerequisite: Bl161.
Lw155 Seminar in Comtemporary Legal Issues
A course open to all students examining current legal issues in a seminar setting. This course will acquaint students with the issues that are at the forefront of the legal environment such as physician assisted suicide, legal issues relating to the world-wide web, capital punishment, drug laws and their enforcement, abortion and the law, affirmative action and race-conscious preferences, and sex offender notification laws.
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