1998-1999 - The University of Scranton

ACC 210 Staff
Survey of Managerial 3 credits
& Financial Accounting
A foundation course for ACC 502. Coverage of
recording transactions, adjusting and closing
entries, and preparing financial statements; the
form and content of each financial statement; and
the principles underlying accounting treatment of
economic events. Managerial accounting terminology,
concepts and cost classification; the cost of
goods manufactured and sold statement; the budgeting
process. Not open to students needing 6
credits in introductory accounting.
ACC 251 Staff
Financial Accounting I 3 credits
(For ACC & FIN majors) A survey of accounting
principles, concepts and procedures. Includes
financial statements, the information processing
cycle, cash, receivables, inventory costing methods,
plant and equipment, intangibles, and current
liabilities.
ACC 252 Staff
Financial Accounting II 3 credits
(Continuation of ACC 251 for ACC and FIN
majors; prerequisite: ACC 251) A study of longterm
liabilities, owners’ equity of corporations and
partnerships, the cash-flow statement, and cost
analysis and accumulation.
ACC 253 Staff
Financial Accounting 3 credits
(For non-accounting and non-finance majors) A
survey of the accounting cycle, basic financial
statements, theory and techniques of income, asset,
and liability recognition.
ACC 254 Staff
Managerial Accounting 3 credits
(Continuation of ACC 253 for non-accounting and
non-finance majors; prerequisite: ACC 253)
Completion of the financial accounting sequence.
Methods of cost accumulation and assignment;
methods useful in managerial decision making.
ACC 361 Drs. Carpenter, Mensah
Intermediate Accounting I 3 credits
(Prerequisite Junior standing, ACC 252) A comprehensive
study of contemporary accounting theory,
concepts and procedures and their application
to the asset classifications on the balance sheet.
Current pronouncements of the various accounting
organizations relevant to assets will be emphasized.
ACC 362 Drs. Carpenter, Mensah
Intermediate Accounting II 3 credits
(Prerequisite: ACC 361) Application of contemporary
accounting theory to liabilities and stockholder’s
equity classifications of the balance sheet.
Current pronouncements of accounting organizations
relevant to liabilities and owners’ equity
accounts will be emphasized.
ACC 363 Dr. Linton, Staff
Federal Taxes 3 credits
(Prerequisite: junior standing, ACC 252) An introductory
course covering pertinent phases of federal
income taxation. Emphasis on business transactions,
preparation of individual returns, and finding
the answers to federal tax questions.
ACC 364 Prof. Ellis, Staff
Auditing Theory 3 credit
(Prerequisite ACC 361) Regulatory, legal,
ethical,and technical issues related to the independent
audit service. Examination of auditing standards,
statistical methods and techniques involved
in the examination of certain transaction cycles.
ACC 365 Dr. Linton, Staff
Federal Taxation of Corporations 3 credits
and Partnerships
(Prerequisite: ACC 252) An introduction to the
taxation of C and S corporations and partnerships
including analyses of the tax consequences of their
formation, operation, and liquidation.
ACC 460 Drs. Mahoney, Mensah
Advanced Accounting I 3 credits
(Prerequisite: ACC 362) The theories and promulgated
standards of accounting related to multiple
business units, including purchase versus pooling
theory, consolidated financial statements, minority
interest, and branch accounting. Also covered is
governmental and nonprofit accounting.
ACC 461 Drs. R.J. Grambo, Johnson,
Cost Accounting Lawrence, Staff
3 credits
(Prerequisites: junior standing, ACC 252)
Theories, techniques and procedures in cost accumulation,
reporting and control, including such
topics as job order costs, process costs, by-products
and joint-products costing, and standard cost
and variance analysis.
ACC 462 Drs. R.J. Grambo, Johnson
Advanced Managerial Lawrence
Accounting 3 credits
(Prerequisite: ACC 461) Accounting techniques as
control devices in business with emphasis on use
of accounting data in business decisions. Topics to
include budgeting and profit planning, costvolume-profit
analysis and direct costing.
ACC 470 Dr. Linton, Staff
Law for Accountants 3 credits
(Prerequisite: MGT 251) A study of the law of
contracts, sales, commercial paper, secured transactions,
rights of debtors and creditors, and bankruptcy.
ACC 471 Dr. R.J. Grambo, Staff
Management Auditing 3 credits
(Prerequisite: ACC 362) An in-depth examination
of the accountant in the manager’s position.
Administrative effectiveness and efficiency as provided
through sound internal controls. Design and
implementation of monitoring systems within the
organization to promote better cost, benefit decisions.
ACC 472 Drs. Mahoney, Mensah, Staff
Advanced Accounting II 3 credits
(Prerequisite: ACC 362) A study of the theories
and promulgated standards of accounting related to
international operations, partnerships, estates and
trusts, installment sales, consignments, SEC
reporting, and interim financial reporting.
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