1a. IntroSUS 2003 - University of Maryland University College

UNDERGRADUATE COURSESThe following entries describe courses offered through Universityof Maryland University College. Requirements pertain only todegrees conferred at UMUC. To use these courses toward degreesoffered by other institutions in the University System of Maryland,students should refer to the catalogs of those institutions for restrictionsthat may apply. In transferring to UMUC—particularly froma community college—students should be careful not to enroll incourses that duplicate their previous studies.AccountingCourses in accounting (designated ACCT) may be applied as appropriate(according to individual program requirements) toward• a major in accounting, business administration, humanresource management, management studies, or marketing;• a minor in accounting, business administration, customer servicemanagement, human resource management, management studies,marketing, or strategic and entrepreneurial management;• a certificate in Introductory Accounting, AdvancedAccounting, or a number of other business-related areas; and• electives.A description of the curriculum for the accounting major andminor begins on p. 33. Descriptions of other related curriculamay be found on the following pages: business administration(p. 39), business supply chain management (p. 43), customerservice management (p. 54), human resource management (p. 66),management studies (p. 72), marketing (p. 74), and strategic andentrepreneurial management (p. 83).ACCT 220 Principles of Accounting I (3)An introduction to the basic theory and techniques of contemporaryfinancial accounting. Topics include the accounting cycle andthe preparation of financial statements for single-owner businessorganizations that operate as service companies or merchandisers.Students may receive credit for only one of the following courses:ACCT 220 or BMGT 220.ACCT 221 Principles of Accounting II (3)Prerequisite: ACCT 220. Continuation of the study of financialaccounting (emphasizing accounting for liabilities, equity, andcorporate forms of ownership), followed by an introduction tomanagerial accounting. Topics include responsibility accounting,budgets, cost control, and standard costing procedures and variances.Emphasis is on management reporting. Students mayreceive credit for only one of the following courses: ACCT 221,ACCT 301, BMGT 221, MGMT 301, or MGST 301.ACCT 301 Accounting for NonaccountingManagers (3)(May not be applied toward a major or minor in accounting.) Asurvey of principles of accounting relevant in making managerialdecisions on the basis of accounting information. Topics includeinternal controls, financial planning and reporting, analysis offinancial statements, and elements of managerial cost accountingand budgeting. Students may receive credit for only one of thefollowing courses: ACCT 221, ACCT 301, BMGT 221, MGMT301, or MGST 301.ACCT 310 Intermediate Accounting I (3)(Students should be cautious about enrolling in ACCT 310 orACCT 311. These are professional courses requiring intensivestudy and analysis and are not to be undertaken casually. Studentswho have not taken ACCT 221 within the last two years mayhave difficulty.) Prerequisites: BMGT 110 (or at least two years ofbusiness or management experience) and ACCT 221. A comprehensiveanalysis of financial accounting topics involved in preparingfinancial statements and in external reporting. Students mayreceive credit for only one of the following courses: ACCT 310 orBMGT 310.ACCT 311 Intermediate Accounting II (3)(A continuation of ACCT 310. Students should be cautiousabout enrolling in ACCT 310 or ACCT 311. These are professionalcourses requiring intensive study and analysis and are notto be undertaken casually. Students who have not taken ACCT310 within the last two years may have difficulty.) Prerequisite:ACCT 310. A comprehensive analysis of financial accountingtopics, including preparation of financial statements and externalreports. Students may receive credit for only one of the followingcourses: ACCT 311 or BMGT 311.ACCT 321 Cost Accounting (3)Prerequisites: BMGT 110 (or at least two years of business ormanagement experience) and ACCT 221. A study of the basicconcepts of determining, setting, and analyzing costs for purposesof managerial planning and control. Emphasis is on the role ofthe accountant in the management of organizations and in theanalysis of cost behavior, standard costing, budgeting, responsibilityaccounting, and costs that are relevant for making decisions.Various techniques are used to study cost and managerial accountingconcepts; these may include the use of problem sets, casestudies, computer applications, and other materials. Students mayreceive credit for only one of the following courses: ACCT 321 orBMGT 321.107