2009-2011 - Benedict College

76 BUSINESS AND ECONOMICS
Acc 232 Principles of Managerial Accounting
credit 3 hrs.
A continuation of Principles of Financial Accounting, with emphasis on accounting problems related to
the partnership, corporation and manufacturing operations. Prerequisite: Acc 231.
Acc 335 Intermediate Accounting I
credit 3 hrs.
Intermediate Accounting is a comprehensive course in financial accounting theory and practice. The
emphasis of the course is on accounting valuation and reporting of balance sheet accounts.
Prerequisite: Acc 232.
Acc 336 Intermediate Accounting II
credit 3 hrs.
This course is a continuation of an in-depth coverage of financial accounting theory and application,
with emphasis on the accounting valuation and reporting of pensions, leases, stocks, bonds, investments,
interperiod tax allocation and other financial topics. Prerequisite: Acc 335.
Acc 337 Cost and Management Accounting
credit 3 hrs.
This course provides an analysis of accounting for manufacturing and service operations. It covers
profitability management, job order, process, standard, and Activity Based Costing. It also includes,
Management Accounting in a changing environment, capital budgeting decisions and more.
Prerequisite: Acc 232.
Acc 431 Advanced Topics in Accounting
credit 3 hrs.
This course integrates Advanced Financial Accounting and Reporting, Advanced Cost and Management
Accounting, and other contemporary issues in Accounting. Topics will be selected from the following
areas: business combination and consolidation, multinational accounting, evaluating management performance,
process management, budgeting, and the importance of analyzing and managing costs, supply
chain management, executive compensation, pricing and customer value.
Prerequisite: Acc 336.
Acc 432 Accounting Information Systems
credit 3 hrs.
A computerized study of systems design, application, internal control, auditing the system, and system
security.
Acc 433 Taxation I
credit 3 hrs.
This course is an analysis of the basic concepts of federal income tax laws as they apply to individuals,
corporations, and partnerships. Preparation of individual and corporate income tax returns is
emphasized.
Acc 434 Taxation II
credit 3 hrs.
This course is an analysis of federal and state tax laws relating to estates, gifts, trusts, corporate distributions,
liquidations, and reorganizations.
Acc 435 Auditing
credit 3 hrs.
This course is a study of generally accepted auditing standards and the procedures used in conducting
a financial statement audit. Ethics, legal liability of accountants, and other issues related to external
and internal auditing are presented. Prerequisite: Acc 232.
Acc 437 Internal Auditing
credit 3 hrs.
This course teaches the skills required for evaluating operational efficiency, adherence to corporate
policies, and government regulations. It also covers the practice and theory of internal auditing, the
planning and organizing of the internal audit department and how it links with the external audit.
Problem solving, communication, and teamwork skills will be emphasized. Cases, guest lecturers
from internal auditing organizations and sampling techniques will be utilized. Prerequisite: Acc 336.
Acc 438 C.P.A. Review
credit 3 hrs.
This course employs a practical reinforcement of accounting principles used in solving problems of the
type confronting C.P.A. candidates. Prerequisites: Acc 336, Acc 433 and Acc 435.
Acc 440 Internship
credit 3 hrs.
Internship integrates classroom study with planned and supervised experiences in business, government,
and social institutions outside the formal classroom environment. Field work experiences must be appropriate
and lend themselves to direct supervision by an assigned departmental coordinator. If field work
spaces cannot be secured off campus, positions at the College will be used to provide the equivalent experiences
necessary to fulfill this requirement. Additionally, a research paper will be written.