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