Accounting (ACCT)

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[1] Courses in Accounting (ACCT)

2310 PRINCIPLES OF ACCOUNTING I The course covers the fundamental principles of accounting for business entities: analyzing transactions, recording accounting information, and preparing financial reports for use by investors and creditors. The course provides an overview of accounting for specific assets, liabilities, and stockholders’ equity. Prerequisites: MATH 1390 and either sophomore status or recommendation of advisor/instructor. [ ACTS: ACCT2003 ]

2311 PRINCIPLES OF ACCOUNTING II The course emphasizes managerial accounting, which is the use of accounting information by business managers to evaluate alternatives, profitability, strategy, and budgeting. The use of ratio analysis and the preparation of the statement of cash flows is examined. Prerequisite: ACCT 2310. [ ACTS: ACCT2013 ]

2321 LEGAL ENVIRONMENT OF BUSINESS I  This is a survey course on the legal environment in which businesses operate. Topics include, but are not limited to, an introduction to the legal system and dispute resolution; employer-employee relationships; torts; property law; and enforceable contracts. Prerequisite: sophomore status. [ACTS: BLAW2003]

2376 BUSINESS LAW FOR ENTREPRENEURS This course gives special emphasis to issues that confront those who desire to start or own a business. Topics covered include: choosing the form of organization, structuring ownership, financing options, contracts and leases, and human relations issues. This is a required course in the business foundation for entrepreneurship majors. The mode of instruction is lecture.

3311 INTERMEDIATE ACCOUNTING I This course focuses on financial accounting provided to external users by business entities. Students will review the accounting cycle, prepare financial statements, and examine the recognition, valuation, and presentation of certain assets and their related income statement accounts. Prerequisite: ACCT 2311.

3312 INTERMEDIATE ACCOUNTING II This course is a continuation of financial reporting concepts with emphasis on the recognition and valuation of long-term assets, liabilities and stockholder’s equity and the calculation of basic and diluted earnings per share. In addition, the valuation, classification, and presentation of pensions, leases, and income taxes is covered. Treatment of accounting changes and errors are examined in further detail, and the reporting of complex transactions on the statement of cash flows is reviewed. Prerequisite: ACCT 3311 with a minimum grade of C.

3315 COST ACCOUNTING This course substitutes for MGMT 3344 in the business core. Cost accounting, which focuses on determining the cost of products and services provided, includes procedures useful in controlling costs and managing profitability. The course provides an examination of the concepts, analysis, and procedures to provide relevant financial and non-financial information to management for purposes of planning, controlling, and evaluating operations. Prerequisite: ACCT 2311.

3316 INDIVIDUAL TAXATION The course serves as the student’s introduction to the topic of taxation. The course provides exposure to the fundamental elements of taxation including tax policy, tax system administration, and discussion of fairness. The major emphasis of the course is on the US federal income taxation of individual taxpayers. Prerequisite: ACCT 2310.

3320 ACCOUNTING INFORMATION SYSTEMS This course substitutes for MIS 3321 in the business core. The course covers the analysis and design of systems to process and report relevant accounting and non-accounting information for business entities. The course focuses on internal controls and uses the simulated processing of accounting information in a computerized environment. Prerequisites: ACCT 3311 with a minimum grade of C; MIS 1300.

3323 EMPLOYMENT LAW This course is an in-depth exploration and study of all areas of law dealing with the employer/employee relationship and any other matters of federal and state law governing matters arising in the workplace.

3326 FRAUD EXAMINATION This is an elective course open to all majors. The course covers basic fundamentals of fraud examination including nature and types of fraud, prevention of fraud, and techniques to detect fraud in various types of organizations. [UD UCA Core: R]

3376 TAXATION FOR ENTREPRENEURS The basic tax concepts that relate to start-up/small businesses are described. Business expenses, employee compensation, property acquisitions and disposals as well as the taxation of Corporations. Proprietorships and Flow-Through entities are covered in this course. Prerequisite: ACCT 2311.

3V82 INTERNSHIP IN ACCOUNTING (Variable credit: 1-3 credit hours) This is an elective course open to accounting majors. Internships are available to provide students academic credit for experiential learning. One to three credit hours will be granted for this course upon completion of a minimum of 120 contact hours (or 40 contact hours per course credit hour) at an approved accounting internship. Prerequisites: ACCT 3311 and junior standing.

4304 GOVERNMENTAL/NOT-FOR-PROFIT ACCOUNTING The course covers accounting and financial reporting practices of state and local governments and other not-for-profit entities. Fund accounting is examined along with the rules for the modified accrual basis of accounting used at the fund level for government funds. The year-end conversion of fund level reporting to government-wide reporting on a full accrual basis is covered, and complex government financing transactions are examined. The rules formulated by the Governmental and Financial Accounting Standards Boards are studied as the foundational principles in the course. Prerequisite: ACCT 3311 with a C or better.

4305 ESTATE PLANNING Estate planning is a study of the legal, financial, non-financial, and tax aspects of the conservation and transfer of wealth, covering topics such as trusts, wills, probate, advanced directives, charitable giving, wealth transfer and related taxes. The course is designed for students majoring in accounting or finance who want to focus on the area of advising all clients, consistent with their lifetime goals, but in particular those clients who have an established career and are planning for retirement and wealth transfers. The course will introduce students to the integrated discipline of estate planning. Prerequisite: Junior standing or consent of the instructor.

4312 ADVANCED ACCOUNTING The course covers concepts and problems encountered in business combinations, consolidations, international accounting, segment reporting, and partnerships. Prerequisite: ACCT 3312 with a minimum grade of C.

4315 ADVANCED COST ACCOUNTING The course covers the use of information in solving quantitative and behavioral problems associated with the management of an entity. Prerequisite: ACCT 3315 with a minimum grade of C.

4316 ADVANCED INCOME TAX  The course covers advanced tax issues with emphasis on partnerships, corporations, and S Corporations. Prerequisite: ACCT 3316 with a minimum grade of C.

4317 AUDITING The course provides an introduction to auditing theory, professional conduct, internal control, and audit procedures. Prerequisites: ACCT 3312 and 3320 with a minimum grade of C in each course. [UD UCA Core: C]

4322 LEGAL ENVIRONMENT OF BUSINESS II This is an elective course but is recommended for students who plan to sit for the CPA Exam. The mode of instruction is lecture. A study of agency, commercial paper, forms of business organizations; real and personal property; bailments; the liability of accountants and other professionals; bankruptcy as applied to the different forms of business organizations. Prerequisite: ACCT 2321.

4325 LEGAL ENVIRONMENT OF HEALTH CARE ADMINISTRATION This is an elective course. Mode of instruction is lecture. The course provides a survey of legal problems confronted by health care professionals and how to recognize and deal with these problems. Prerequisite: Senior status.

4V82 INTERNSHIP IN ACCOUNTING (Variable credit: 1-3 credit hours) This is an elective course open to accounting majors. Internships are available to provide students academic credit for experiential learning. One to three credit hours will be granted for this course upon completion of a minimum of 120 contact hours (or 40 contact hours per course credit hour) at an approved accounting internship. Prerequisites: ACCT 3311 and junior standing.

4383 VOLUNTEER INCOME TAX ASSISTANCE FOR PREPARERS This is an elective service-learning course open to all students. Students will spend time in class obtaining VITA certifications required for preparers and will volunteer at a VITA site and prepare tax returns. Additional class time will be required for service-learning components in this course.

4V91 CERTIFICATIONS IN ACCOUNTING (Variable credit: 1-3 credit hours) This an elective course. Students will engage in a guided self-study using nationally prepared study materials for a selected accounting certification including Certified Management Accountant, Certified Internal Auditor, Certified Fraud Examiner, Certified Government Financial Manager, Certification in QuickBooks, and others. Where permitted by certifying agency, students will sit for the certifying exam during the semester. Credit hours depend on suggested preparation time of study materials. Prerequisite: Completion of related 3000-level accounting course with a C or better.

4390 SPECIAL PROBLEMS IN ACCOUNTING Prerequisite: Consent of the department chair.

4395 SPECIAL TOPICS IN BUSINESS LAW A course in business law on a special topic issue. The topic will vary from semester to semester. May be repeated with a different topic for a maximum of six credit hours. Prerequisite: Consent of the department chair.