Undergraduate - Clarion University

Clarion University of Pennsylvania 151ACTG 252: Managerial Accounting 3 s.h.Analyzes aspects of accounting that aid managers. Includes budgeting, cost behavior and systems, alternate choice decisions,international accounting aspects, and cash flow. Prerequisites: Sophomore standing only at Clarion Campus, and ACTG 251. Eachsemester. Spring, annually at Venango.ACTG 253: Factory Accounting 3 s.h.Presents fundamental accounting concepts and techniques applied in record keeping and accounting control of the productionprocess. Prerequisite: ACTG 252. Venango only, on demand.ACTG 254: Payroll Accounting 3 s.h.Provides detailed coverage of payroll policy, records, wage calculation, deductions, and government reporting. Emphasizes taxform preparation. Prerequisite: ACTG 252. Venango only, on demand.ACTG 255: Financial Statement Preparation and Analysis 3 s.h.Focuses on procedures for financial statement preparation and the use of accounting information as a basis for decision making bymanagement, owners, creditors, and other users of financial statements. Prerequisite: ACTG 251. Venango only, on demand.ACTG 256: Income Tax Procedures and Forms 3 s.h.Explains which types of income are taxable and which expenses are deductible. Covers both filling out and filing individual,partnership, and corporate tax returns. Prerequisite: ACTG 251. Venango only, on demand.ACTG 350: Intermediate Accounting 3 s.h.Explores accounting theory and practice. Includes accounting for current assets, investments, plant and equipment, and intangibles.Emphasizes developing the student’s technical and problem-solving ability. Prerequisite: ACTG 252. Each semester.ACTG 351: Accounting for Equities 3 s.h.Examines accounting theory and practice. Includes accounting for current and long-term liabilities, corporate equity, pension plans,long-term leases, income taxes, accounting changes, and cash flows. Emphasizes developing the student’s technical and problemsolvingability. Prerequisite: ACTG 350 or consent of instructor. Each semester.ACTG 352: Cost Accounting 3 s.h.Analyzes cost principles, procedures, systems, controls, and analysis. Considers standard cost systems with the two basic costaccounting systems. Stresses cost accounting as a “tool” for management decision-making based on management information systems.Includes flexible budgets, accounting for by-products and joint products, transfer pricing, and environmental costs. Prerequisite:ACTG 252. Each semester.ACTG 353: Federal Taxes 3 s.h.Examines federal income, estate, and gift taxation. Considers problems of compliance with the law by individuals, partnerships,corporations, estates, and trusts. Prerequisite: ACTG 252. Each semester.ACTG 354: Auditing 3 s.h.A study of the purposes, the ethical and legal environment, financial analysis, and selected auditing techniques and procedures.Emphasizes developing the student’s technical writing ability. Prerequisite: ACTG 351. Each semester.ACTG 355: Advanced Accounting 3 s.h.Considers modern development in accounting, including recent studies and pronouncements by accounting authorities such as theAmerican Institute of Certified Public Accountants and the Securities and Exchange Commission. Analyzes the problems of accountingfor consolidation and partnership equity. Emphasizes developing the student’s technical and problem-solving abilities. Prerequisite:ACTG 351. Each semester.ACTG 451: Accounting Problems 3 s.h.A problem-oriented study of topics most often tested on the CPA exam. Includes inventory methods, long-term contracts, partnership,leases, consignments, installment sales, receivership, fiduciary accounting, and governmental accounting. Emphasizes preparationsfor the practice portion of the CPA exam. Prerequisite: ACTG 355. Spring Semester.ACTG 452: Advanced Cost Accounting 3 s.h.A study of advanced concepts of cost accounting to provide useful quantitative information for decision-making. Includes inventoryvaluation, cost allocations, joint-product costs, process costing, accounting systems, profit center costs, and segment performancemeasuring. Prerequisite: ACTG 352. On demand.ACTG 453: Problems in Federal Taxation Accounting 3 s.h.Examines federal income tax concepts and compliance problems of partnerships, corporations, estates, and trusts. Briefly considersSocial Security, estate, and gift taxation. Prerequisite: ACTG 353. On demand.ACTG 454: Comparative Accounting Systems 3 s.h.Helps students develop a holistic approach to the concepts and practices for the examination and exploration of accounting systems.Discusses specialized accounting systems in detail, depending upon the interest and desires of students. Prerequisites: ACTG 251,252, 350, 351, 354, CIS 223, and 301. On demand.ACTG 455: Not-for-Profit Entities 3 s.h.A study of the principles and practices of budgeting and accounting for activities of entities that are operated for purposes otherthan making profits. Prerequisite: ACTG 351. On demand.ACTG 461: International Accounting 3 s.h.Studies the influence of cultural values on the practice and theory of accounting and developing sensitivity to the differences andsimilarities of different accounting systems. Includes consolidation, translation of foreign currency statements, inflation, replacement costaccounting of global-oriented corporations, and harmonization of accounting standards. Prerequisite: ACTG 252. Each semester.pages i-viiCollege of BusinessAdministration