2006-2008 HBU Catalog - Houston Baptist University

ACCT 4301 Advanced AccountingPrerequisite: ACCT 3313Study and application of generally accepted accounting principles (GAAP) tospecialized problems in mergers and acquisitions; consolidated financial reporting;partnership accounting; foreign currency transactions; foreign currency translation andremeasurements for reporting purposes. Study of GAAP for government and nonprofitentities, fund accounting and reporting practices.ACCT 4302 AuditingPrerequisite: ACCT 3313Standards and procedures in making audits and examinations of the accounting recordsof business enterprises; preparation of work papers; the content and forms of qualifiedand unqualified auditor’s opinions; types of audits; ethics of the profession.ACCT 4304 Corporation Income TaxesPrerequisite: ACCT 3304Federal income tax determination for corporations. Taxable income, exclusions,deductions, capital gains, credits, special corporate problems, tax returns.ACCT 4306 Government and Nonprofit AccountingPrerequisites: ACCT 2301, 2303Application of financial accounting principles to governmental entities and nonprofitorganizations; entails a detailed study of fund accounting and reporting practices.Requires proficiency in Microsoft® Excel.ACCT 4322 Advanced Auditing IssuesPrerequisite: ACCT 4302Corporate governance issues and the impact on the auditing profession and accountingdisclosures, additional attestation requirements from auditors, other non-attestationengagements, internal audit and audit committees, compliance and government audit,and legal liability of accounts.ACCT 5302 Auditing(See ACCT 4302.)ACCT 5304 Corporate Income Taxes(See ACCT 4304.)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 AccountingThis course covers the basics of what accounting information is, what it means, andhow it is used. Students will examine financial statements and determine what theydo and do not communicate. This knowledge will help gain decision-making andproblem-solving abilities that are needed outside the classroom. The course introducesboth financial and managerial accounting to provide an overall perspective about theintroductory accounting topics and presentation. The course is also intended to helpstudents learn how to become effective users of accounting information. As such, theCourses / 223