2010-2011 HBU Catalog - Houston Baptist University

ACCT 4302 Auditing
Prerequisite: ACCT 3312; BUSA 2323
Standards and procedures in making audits and examinations of the accounting records of business enterprises;
preparation of work papers; the content and forms of qualified and unqualified auditor‘s opinions; types of audits;
ethics of the profession.
ACCT 4306 Government and Nonprofit Accounting
Prerequisites: ACCT 2301, 2303
Application of financial accounting principles to governmental entities and nonprofit organizations; entails a detailed
study of fund accounting and reporting practices. Requires proficiency in Microsoft® Excel.
ACCT 4314 Taxation for Corporations and Other Entities
Prerequisite: ACCT 3304
Federal income tax determination for corporations and the impact of decisions on the corporation and shareholders; tax
issues relating to ―S corporations‖, partnerships, estates and trusts.
ACCT 4322 Advanced Auditing Issues
Prerequisite: ACCT 4302
Corporate governance issues and the impact on the auditing profession and accounting disclosures, additional
attestation requirements from auditors, other non-attestation engagements, internal audit and audit committees,
compliance and government audit, and legal liability of accounts.
ACCT 5302 Auditing
(See ACCT 4302.)
ACCT 5314 Taxation for Corporations and Other Entities
(See ACCT 4314.)
ACCT 5306 Government and Nonprofit Accounting
(See ACCT 4306.)
ACCT 5311 Advanced Accounting
(See ACCT 4301.)
ACCT 5322 Advanced Auditing Issues
(See ACCT 4322)
ACCT 5360 Survey of Accounting
This course covers the basics of what accounting information is, what it means, and how it is used. Students will
examine financial statements and determine what they do and do not communicate. This knowledge will help gain
decision-making and problem-solving abilities that are needed outside the classroom. The course introduces both
financial and managerial accounting to provide an overall perspective about the introductory accounting topics and
presentation. The course is also intended to help students learn how to become effective users of accounting
information. As such, the course provides a balance between the preparer and the user points of view. The course
includes coverage of legal and ethical issues facing accountants as well as highlighting international accounting
differences. This course must be taken within the first 18 semester hours in the program. Graduate Business programs
only.
ACCT 5361 Survey of Accounting for HRM
This is a survey course on basic financial and managerial concepts. Students will be introduced to the basic external
financial statements and how they are used by creditors, investors, and outside parties. Students will apply current
managerial accounting procedures such as identifying types of cost, the use of cost-volume-profit analysis, cost
allocation, and performance evaluation, and budgeting techniques. MS-HRM program only.
ACCT 5460 Foundations of Accounting and Finance
This course provides an overview of the nature and use of financial information and some of the basic tools/concepts
that undergird financial decision-making in a corporate environment. The first part of this course deals with what
accounting information is, what it means, and how it is used. Students will examine financial statements and determine
what they do and do not communicate. It introduces both financial and managerial accounting to provide an overall
perspective about the introductory accounting topics and presentation. The second part of this course introduces
fundamental financial analysis techniques including time value of money, capital budgeting and investment valuation.
An overview of the market environment which frames and affects such financial decisions is also conducted. Ethical
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