Accounting (ACC)

Students apply knowledge of accounting principles and computers to operate integrated accounting software for various aspects of accounting: general ledger, accounts payable and receivable, payroll, and associated reports. Springs Even.

This course will engage students in the investigative aspects of accounting and will include fraud examination through case study. Students will be immersed in forensic accounting topics such as auditing for fraud, investigating theft, assessing risk, reviewing business valuations, and assessing the potential for cybercrime. This course will also seek to raise awareness of the Certified Fraud Examiner (CFE) credential. Springs Odd.

Prerequisite(s): BU 1152 AND BU 2262 OR BUS 2000

Financial accounting must adhere to Generally Accepted Accounting Principles by FASB and the International Financial Reporting Standards. The course begins with the income statement and the asset side of the balance sheet to build a deeper understanding of these fundamental accounting reports and related compliance. Falls.

Prerequisite(s): BUS 2000, or BU 1152 and BU 2262.

Building on content presented in Intermediate Accounting I, students expand their knowledge of accounting theory and adherence to Generally Accepted Accounting Principles by FASB and the International Financial Reporting Standards. Emphasis is on advancing understanding of essential accounting principles for balance sheet liabilities and shareholder’s equity, cash flow statements, and financial statement disclosures. Springs.

Prerequisite(s): ACC 3112 or BU 3112.

Cost Accounting focuses on critical cost data needed by organizations for product costing, decision-making, and performance evaluation. Topics include process costing, variable costing, cost allocations, multiple product decisions, inventory management, standard costing, transfer pricing, and making decision under uncertainty. Springs.

Prerequisite(s): BUS 2000, or BU 1152 and BU 2262.

This course provides an examination of the IRS Tax Code for individuals and businesses. This course emphasizes student application of the principles of tax reporting requirements including all sources of income, deductions from income, exemptions, exclusions and other relevant tax treatments. This course provides an extensive hands-on approach for completing appropriate tax forms and other required documentation. Falls.

Prerequisite(s): BUS 2000 or BU 1152 and BU 2262.

This course focuses on the effective control of business information processing systems using modern technology and provides students with a conceptual understanding of data analytic thinking and terminology. Students will gain experience with various data analytics tools and develop an understanding of the role of data analysis in decision-making while effectively utilizing various accounting information systems. Falls. (QRCO) (TECO)

Prerequisite(s): ACC 3122 or BU 3122.

This course will cover accounting for local, state, and federal government entities and topics such as budgetary accounting, fund accounting, and the modified accrual approach. Students will learn about the Governmental Accounting Standards Board (GASB) and how it impacts the financial reporting practices of public entities. Accounting for not-for-profits, colleges and universities, and healthcare organizations will also be covered. Falls Even.

Prerequisite(s): ACC 3122

Students expand their knowledge of accounting beyond Intermediate Accounting to build understanding of partnership transactions, consolidations, governmental accounting, not-for-profit, international accounting and other topics potentially tested on the Certified Public Accountant (CPA) exam. A review of the regulatory environment and IRFS may also be included. Springs.

Prerequisite(s): ACC 3122 or BU 3122.

Topics covered in Auditing Theory and Practice include: responsibilities and duties of auditors, types of assurance engagements, auditing standards, internal control, auditor’s reports, potential legal liability faced by auditors, and ethics. Case studies of fraud are examined. Students gain hands-on experience performing audit procedures by applying course concepts to authentic scenarios utilizing data analytics software. Falls.

Prerequisite(s): ACC 3122 or BU 3122.

An experiential learning opportunity in the field of accounting that allows students to work within approved host organizations. Objectives and on-site work hours are supervised. Forty hours of experience equals one credit. Repeatable for a maximum of 12 credits. A minimum of 4 credits is required if the student elects this course as their capstone experience. Pass/No Pass. Springs, Falls, Winterims. Instructor permission required.

Prerequisite(s): Minimum GPA of 2.75.