2010-2011 HBU Catalog - Houston Baptist University

COURSE DESCRIPTIONS
ACCOUNTING
ACCT 2301 Principles of Accounting I
An introduction to the identification and analysis of business transactions and the financial accounting information
system that captures them. Included is the flow of activities within the system culminating in the four basic financial
statements of a for-profit business. Emphasis is placed on the use of these financial statements to make business credit
and investment decisions.
ACCT 2303 Principles of Accounting II
Prerequisite: ACCT 2301
An introductory course designed for managers throughout the organization and introducing the tools they use in
performing the planning and controlling of operations. Students will be introduced to: internal use reporting developed
from the accounting information system; budgeting; determining product costs; and analyzing costs as to function and
behavior. Interesting questions are discussed such as: How does a manager use accounting goals to motivate
employees How does a marketing department determine price How does an organization determine what data to
capture in the accounting information system
ACCT 3303 Cost Accounting
Prerequisites: ACCT 2303; ECON 2311; BUSA 2311; BUSA 2323
An in-depth study of the accounting tools managers use in performing the planning and controlling of operations.
Students will develop and analyze internal reports for service as well as manufacturing companies; determine how the
cost of a product is determined under several cost flow systems; allocate the costs of support departments; prepare
detailed variances and interpret the results.
ACCT 3304 Individual Income Taxes
Prerequisites: ACCT 2303; ECON 2311; BUSA 2311
Current federal revenue acts affecting individual tax returns; procedures for computing the income tax liability of
individuals. Practice in solving typical problems and in the preparation of tax returns.
ACCT 3311 Intermediate Accounting I
Prerequisites: ACCT 2303; ECON 2311; BUSA 2311; CISM 1321 or HBU Computer Proficiency Requirement
An intensive study of financial accounting theory and generally accepted accounting principles related to income
determination, the financial position, and cash flows of profit-oriented business enterprises.
ACCT 3312 Intermediate Accounting II
Prerequisites: ACCT 3311
An intensive study of financial accounting theory and generally accepted accounting principles related to income
determination, the financial position, and cash flows of profit-oriented business enterprises.
ACCT 3317 Accounting Information Systems
Prerequisite: ACCT 3312; BUSA 2323
An active, hands-on class that equips the accountant with both knowledge and skills to evaluate and create an
accounting information system; work with a relational data base; evaluate and implement control systems; and assess
and implement an accounting reporting system. Also included are current uses of technology in accounting utilizing
several software applications.
ACCT 4181, 4281, 4381 Special Topics
Prerequisite: Approval of the Dean of the School of Business
Directed study of a minimum of thirty clock hours for each hour of credit. Provides an opportunity for accounting
majors to conduct detailed investigations of selected accounting problems.
ACCT 4301 Advanced Accounting
Prerequisite: ACCT 3312
Study and application of generally accepted accounting principles (GAAP) to specialized problems in mergers and
acquisitions; consolidated financial reporting; partnership accounting; foreign currency transactions; foreign currency
translation and remeasurements for reporting purposes. Study of GAAP for government and nonprofit entities, fund
accounting and reporting practices.
2010-2011 HBU Catalog www.hbu.edu/catalog Page 194