Microsoft Word MU 2009-2010.doc - Methodist University

251, MAT 105 or higher, or permission of the instructor. The course is offered every fall and springsemester.ACC 254 PRINCIPLES OF ACCOUNTING LABORATORY1 s.h.Traditional accounting for accounting majors, including the accounting cycle, journalizing and posting toledgers, and end of the period adjustments. This course is required of all accounting majors and is usuallytaken in the sophomore year. Prerequisite: ACC 251, or permission of the instructor. The course is offeredevery fall and spring semester. This is a computer intensive course.ACC 341 INTERMEDIATE ACCOUNTING I3 s.h.A study of financial accounting functions and theory, including recognition and measurement of assets andliabilities. Prerequisite: ACC 251; co-requisite: ACC 254; or permission of the instructor. This course isoffered every fall semester.ACC 342 INTERMEDIATE ACCOUNTING II3 s.h.Accounting for long-term liabilities and investments; stockholders’ equity and earnings per sharecalculations; issues relating to income measurement; and the preparation and analysis of financialstatements. Prerequisite: ACC 341 or permission of the instructor. This course is offered every springsemester.ACC 345 COST ACCOUNTING I3 s.h.Introductory cost accounting course which emphasizes cost behavior, budgeting, cost management in amanufacturing environment, using costing systems in strategic decision making, and profit planning.Prerequisites: ACC 253 and MAT 105 or higher; or permission of the instructor. This course is offeredevery fall semester.ACC 346 COST ACCOUNTING II3 s.h.A study of cost allocations, analysis of variances, and making decisions using cost information decisions.Current topics in cost accounting will also be studied. Prerequisites: ACC 345 and ECO 216; co-requisite:ACC 254; or permission of the instructor. This course is offered as needed.ACC 385 FEDERAL INCOME TAXATION I3 s.h.Federal income tax law with emphasis on the individual. Filing status, gross income, exclusions,deductions, adjusted gross income, and tax credits are analyzed. Property transactions and special taxtreatment for businesses is also studied. Prerequisite: ACC 251, or permission of the instructor. This courseis offered every fall semester.ACC 386 FEDERAL INCOME TAXATION II3 s.h.Federal income tax law with emphasis on the taxation of businesses and the tax consequences of businessdecisions. The course will study partnership, corporation, Subchapter S, taxation of non-profits andfiduciary returns. Prerequisite: ACC 385, or permission of the instructor. This course is offered everyspring semester.ACC 416 ACCOUNTING INTERNSHIP3 s.h.Experiential learning acquired through placement with local organizations in either public or privatesectors. The student is assigned duties and responsibilities approved by the Director of Internships andsupervised and evaluated by the University instructor and on-site trainer. Weekly class contact, journal orwritten reports are required. Classroom instruction includes resume/letter writing, interviewing techniques,and oral presentations. Prerequisites: all required 200 level courses in accounting, business and economics,junior or senior status, and a minimum G.P.A. of 2.5 in the major; or permission of the instructor. Thiscourse is offered as needed. See BUS 345 and 416.ACC 431 ACCOUNTING INFORMATION SYSTEMS3 s.h.Accounting within a computerized environment and integrating information systems concepts into the basicaccounting processes. Prerequisite: ACC 253, co-requisites: ACC 254 and BUS 225, or permission of theinstructor. This course is offered as needed. This is a computer intensive course.117