2003-2005 Catalog - University of Arkansas at Monticello
2003-2005 Catalog - University of Arkansas at Monticello
2003-2005 Catalog - University of Arkansas at Monticello
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ACCT 3403 Intermedi<strong>at</strong>e Accounting I3 credits: 3 hours lecturePrerequisite: ACCT 2213Comprehensive overview <strong>of</strong> the conceptualframework <strong>of</strong> the American public companyreporting standards. Coverage includes financialreporting; review <strong>of</strong> the accounting cycle;extensive discussion <strong>of</strong> the elements <strong>of</strong> thebalance sheet; income st<strong>at</strong>ement and thest<strong>at</strong>ement <strong>of</strong> cash flows. Also covered are therevenue/receivable/cash cycle and thecomplexities <strong>of</strong> revenue recognition.Offered: SpringACCT 3413 Intermedi<strong>at</strong>e Accounting II3 credits: 3 hours lecturePrerequisite: ACCT 2213Intensive coverage <strong>of</strong> current accounting practiceand reporting requirements rel<strong>at</strong>ed to identific<strong>at</strong>ionand valu<strong>at</strong>ion <strong>of</strong> cost <strong>of</strong> goods sold; inventoryidentific<strong>at</strong>ion and inventory estim<strong>at</strong>ion andvalu<strong>at</strong>ion. Other topics covered includeaccounting problems associ<strong>at</strong>ed with debtfinancing; equity financing; investments innoncurrent oper<strong>at</strong>ing assets; and investments indebt and equity securities.Offered: FallACCT 3433 Cost Accounting I3 credits: 3 hours lecturePrerequisite: ACCT 2223Accounting for m<strong>at</strong>erials, labor, overhead; costrecords, summaries, st<strong>at</strong>ements; job order costsystems; process cost techniques; introduction tostandard costs, estim<strong>at</strong>ed costs, distribution costs.Offered: FallACCT 3523 Intermedi<strong>at</strong>e Accounting III3 credits: 3 hours lecturePrerequisite: ACCT 2213Intensive coverage <strong>of</strong> current accounting practiceand reporting requirements rel<strong>at</strong>ed to leases;income taxes; employee compens<strong>at</strong>ion issues;deriv<strong>at</strong>ives, contingencies, business segments andinterim reports; earnings per share; andaccounting changes and error corrections.Offered: SpringACCT 4323 Accounting Inform<strong>at</strong>ion Systems3 credits: 3 hours lecturePrerequisites: ACCT 3413, ACCT 3433, Corequisite:ACCT 4773 - Auditing I or permission <strong>of</strong>instructor.Provides system criteria as it rel<strong>at</strong>es to theaccounting field. Includes particip<strong>at</strong>ion in practicalsystem evalu<strong>at</strong>ion with primary emphasis placed onsystems controls and transaction processing in therevenue and purchase cycles. Additional work willfocus on design <strong>of</strong> a d<strong>at</strong>abase to use in processingtransactions.Offered: Fall <strong>2003</strong> and every Spring beginning <strong>2005</strong>.ACCT 4333 Fraud Examin<strong>at</strong>ion3 credits: 3 hours lecturePrerequisite: ACCT 4773An overview <strong>of</strong> the fraud problem with adiscussion <strong>of</strong> fraud detection and preventionmethods. With a discussion <strong>of</strong> the options victims<strong>of</strong> fraud have when deciding how to follow-up onfrauds they experience.Offered: SpringACCT 4613 Advanced Accounting3 credits: 3 hours lecturePrerequisite: ACCT 3413Applic<strong>at</strong>ion <strong>of</strong> accounting principles to accountingfor business combin<strong>at</strong>ions, foreign transactions,interim reporting, securities and exchange reporting,bankruptcy reporting and est<strong>at</strong>es and trusts.Offered: FallACCT 4633 Governmental Accounting3 credits: 3 hours lecturePrerequisite: ACCT 3403, or ACCT 3413 or ACCT 3523.Fund accounting for governmental and not-forpr<strong>of</strong>itentities. Financial and budgetary control, thebudgetary process in governments, specialaccounting and reporting problems <strong>of</strong> the public andnot-for-pr<strong>of</strong>it sector.Offered: FallACCT 4643 Intern<strong>at</strong>ional Accounting3 credits: 3 hours lecturePrerequisites: ACCT 2213, ACCT 2223Introduction to accounting regul<strong>at</strong>ions and practicesoutside <strong>of</strong> the U.S., comparison <strong>of</strong> accountingstandards in different countries and the drivingforces behind them; intern<strong>at</strong>ional accountingstandards and intern<strong>at</strong>ional management controlissues. Review <strong>of</strong> cultural frameworks, transferpricing methods, and intern<strong>at</strong>ional accountingstandards.Offered: SummerACCT 4653 CPA Law Review3 credits: 3 hours lecturePrerequisite: G B 3533Study <strong>of</strong> legal principles rel<strong>at</strong>ing to accounting andreview <strong>of</strong> business law in prepar<strong>at</strong>ion for the CPAexam. Includes such areas as contracts, commercialpaper, debtor-creditor rel<strong>at</strong>ionships, and theUniform Commercial Code.Offered: SummerACCT 4673 Cost Accounting II3 credits: 3 hours lecturePrerequisite: ACCT 3433A continu<strong>at</strong>ion <strong>of</strong> the study <strong>of</strong> cost accounting withemphasis on standard costs, analysis <strong>of</strong> cost forpr<strong>of</strong>it decision-making purposes; comprehensivepr<strong>of</strong>it planning and control, cost/volume/pr<strong>of</strong>itanalysis, capital budgeting; responsibility reporting,performance measurement and transfer pricing in adecentralized organiz<strong>at</strong>ion. Offered: SpringCourse Descriptions163
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