2006-2008 HBU Catalog - Houston Baptist University

COURSE DESCRIPTIONSACCOUNTINGACCT 2301 Principles of Accounting IAn introduction to the identification and analysis of business transactions and thefinancial accounting information system that captures them. Included is the flow ofactivities within the system culminating in the four basic financial statements of a forprofitbusiness. Emphasis is placed on the use of these financial statements to makebusiness credit and investment decisions.ACCT 2303 Principles of Accounting IIPrerequisite: ACCT 2301An introductory course designed for managers throughout the organization and thetools they use in performing the planning and controlling of operations. Students willbe introduced to: internal use reporting developed from the accounting informationsystem; budgeting; determining product costs; and analyzing costs as to functionand behavior. Interesting questions are discussed such as: How does a manager useaccounting goals to motivate employees? How does a marketing department determineprice? How does an organization determine what data to capture in the accountinginformation system?ACCT 3303 Cost AccountingPrerequisites: ACCT 2301, 2303; ECON 2301, 2302; BUSA 2311, 2320An in-depth study of the accounting tools managers use in performing the planningand controlling of operations. Students will develop and analyze internal reports forservice as well as manufacturing companies; determine how the cost of a product isdetermined under several cost flow systems; allocate the costs of support departments;prepare detailed variances and interpret the results.ACCT 3304 Individual Income TaxesPrerequisites: ACCT 2301, 2303; ECON 2301, 2302; BUSA 2311, 2320Current federal revenue acts affecting individual tax returns; procedures for computingthe income tax liability of individuals. Practice in solving typical problems and in thepreparation of tax returns.ACCT 3311, 3312, 3313 Intermediate Accounting I, II, and IIIPrerequisites: ACCT 2301, 2303; CISM 1321; ECON 2301, 2302; BUSA 2311, 2320An intensive study of financial accounting theory and generally accepted accountingprinciples related to income determination, the financial position, and cash flows ofprofit-oriented business enterprises. The courses must be taken in sequence.ACCT 3317 Accounting Information SystemsAn active, hands-on class that equips the accounting with both knowledge and skillsto evaluate and create an accounting information system; work with a relational database; evaluate and implement control systems; and assess and implement an accountingreporting system. Also included are current uses of technology in accounting utilizingseveral software applications.ACCT 4181, 4281, 4381 Special TopicsPrerequisite: Approval of the Dean of the College of Business and EconomicsDirected study of a minimum of thirty clock hours for each hour of credit. Providesan opportunity for accounting majors to conduct detailed investigations of selectedaccounting problems.222 / Courses