COURSE DESCRIPTIONS
ACC121PRINC OF ACCOUNTING I4 Credit HoursThis course is the first part of a two-semester sequence which introduces students to generally accepted accounting principles and practices in financial accounting as applied in business organizations. Upon completion of this course, students should be able to prepare financial statements and understand their uses.Corequisites: BUS123
ACC122PRINC OF ACCOUNTING II4 Credit HoursThis course is the second part of a two-semester course in financial accounting. The understanding and application of generally accepted accounting principles is continued and further explored as they apply to assets, claims to assets, revenue and expenses. Upon completion of this course, students should be able to complete the entire accounting cycle from transactions to financial statements using a computerized practice set.Prerequisites: ACC121
ACC124INDIVIDUAL TAXATION4 Credit HoursThis is the first course of a two-course sequence in federal income taxation. Principles of individual taxation, taxation systems, simple tax scenario analysis, and computations of gains and losses are discussed, as well as their classifications and placement in the tax formula. On completion, students should be able to analyze simple tax transactions and determine their impact on an individual's tax liability.Prerequisites: BUS123
ACC127QUANTITATIVE BUSINESS STATISTC3 Credit HoursThe first half of the course covers simple interest and time value of money applications including present and future value of an amount, an ordinary annuity, a deferred annuity and an annuity due. The second half covers the study of statistics including the collection and arrangement of data, measures of central tendency and dispersion, probability and linear regresion. Emphasis is placed on business applications utilizing these techniques. Upon completion of this course, students should be able to apply these techniques and analyze the results.Prerequisites: or MTH222Corequisites: BUS123
ACC130BUSINESS LAW & ETHICS3 Credit HoursAn examination of the functions of the courts in the business environment. This course includes the study of traditional business law topics and other basic topics applicable to business. A close examination of the intersection between professional ethical decision-making and the legal system as it applies to business. Upon completion, students should be able to demonstrate competence in the understanding of the business law and ethical areas mentioned above.ACC132FINANCIAL ACCOUNTING4 Credit HoursThe course introduces the student to the fundamental processes of accounting through coverage of the accounting cycle consisting of transaction analysis, the recording function and financial statement preparation and analysis. Course coverage continues with a review of receivables; inventory, property, plant and equipment; bonds and stockholder's equity. Emphasis is given to why certain procedures are followed and their financial statement impact.Corequisites: BUS123ACC133MANAGERIAL ACCOUNTING4 Credit HoursThe emphasis in this course is on the use of accounting information as an internal tool for planning and control. Course coverage includes the statement of cash flows, ratios, cost behavior, cost accumulation and reporting, cost-volume-profit analysis, budgeting, and other decision criteria. While primary coverage will be of this material in a manufacturing setting, service and merchandising applications will also be presented. Upon completion of this course, students should be able to apply the fundamental concepts of managerial accounting to a variety of business decisions.Prerequisites: or ACC122, ACC132ACC134INTERNATIONAL LAW3 Credit HoursThe law and international transactions are explored. Also covered are sovereignty, treaties, agreements, antitrust practices, property rights and international arbitration. Upon completion of this course, students should be able to understand the sources of international law and its impact on businesses with international transactions.Prerequisites: ACC130ACC221INTERMEDIATE ACCT I4 Credit HoursThis is the first in a two-course sequence in the detailed study of accounting theory. It is a study of conceptual framework of accounting, disclosure standards for general purpose financial statements, and measurement standards for assets, current liabilities, and associated revenues and expenses, including application of compound interest techniques. Upon completion, students should be able to demonstrate competence in applying generally accepted accounting principles in the preparation of financial statements as related to these assets and current liabilities.Prerequisites: or ACC122, ACC132Corequisites: ACC127ACC222INTERMEDIATE ACCT II4 Credit HoursThis is the completion of a two-course sequence in the study of accounting theory. In this semester, students become more involved in the discussion of the intention of management in engaging in certain types of transactions and the impact of alternate methods of reporting in the financial statements. The subject areas studied include long-term debt, intercorporate investments, corporate equity matters, earnings per share, revenue recognition, pensions, leases, cash flow statements, and accounting for income taxes. Some review items include certain analytical ratios and other concepts underlying the preparation of meaningful and complete financial statements. Upon completion of the course, students should be able to demonstrate competence in recognition of important disclosures in financial statements, discuss and evaluate alternative accounting methods and apply generally accepted accounting principles to the preparation of financial statements, including the statement of cash flows.Prerequisites: ACC221ACC223COST ACCOUNTING4 Credit HoursThis course in cost accounting places an emphasis on manufacturing and service organizations. Course coverage includes job-order costing, process costing, activity-based costing/activity-based management, standard costing and analysis of cost variances. Upon completion of this course, students should be able to apply the fundamental concepts of cost accounting to a variety of business decisions.Prerequisites: ACC133, ACC127ACC225AUDITING4 Credit HoursEmphasis is placed on the philosophy and environment of the public accounting profession, with special attention paid to the nature and economic purpose of audit and assurance services, professional standards, professional conduct, legal liability, audit evidence, audit planning, consideration of internal control, audit sampling and audit workpapers. Upon completion, students should be able to demonstrate competence in applying the generally accepted auditing standards and the procedures for conducting audits of public and non-public companies.Corequisites: ACC222ACC226ADVANCED ACCOUNTING4 Credit HoursThe study of consolidated financial statements is the primary concentration of this course. Fundamentals of fair value and equity accounting methods are reviewed, and students are exposed to the processes for consolidation of different entities and the appropriate financial statement considerations and disclosure requirements. Topics include valuation of acquired net assets, recognition of goodwill, the allocation of the purchase price to various elements of the balance sheet, and the elimination of intercorporate transactions in the preparation of consolidated statements. Upon completion, students should be able to discuss the permissible methods of consolidation and indicate the ability to complete a consolidation worksheet and prepare the necessary supporting schedules related to the statements. Topics also include accounting for partnership formation and liquidation, changes in partners through retirement and/or selling all of a portion of their interest is also studied.Corequisites: ACC222ACC227PAYROLL ACCOUNTING3 Credit HoursThis course is the first course in a two-course sequence in payroll accounting. This course is focused to the Fundamental Payroll Certification and upon completion of the two courses the students should be prepared to take the Fundamental Payroll Exam, administered by the American Payroll Association. Specifically, this course covers the study of payroll, records keeping regulations, reporting requirements, accounting procedures, and mandatory deductions of various taxes. Also covered is the employer's related taxes and preparation of various payroll tax forms, the Fair Labor Standards Act, and other Federal and State laws that regulate payroll.Prerequisites: or ACC122, ACC132ACC228BUSINESS TAXATION4 Credit HoursThis is an elective, second-semester course in the taxation sequence. The principles of taxation developed in the first semester are developed more fully, and more complex problems are analyzed. There is an introduction to the taxation of corporations, partnerships, estates, trusts, and gifts. Upon completion of the course, the student should be able to analyze complex taxation scenarios of various forms of a business entity and determine their impact on the entity's liability. There is a study of taxation of not-for-profit organizations. All major tax forms are covered for corporations, partnerships and not-for-profit organizations.Prerequisites: ACC132ACC229COMPUTERIZED ACCTG APPLICATION3 Credit HoursThis is an elective course in accounting for students in the corporate option of the program. The course involves the application of the student's accounting knowledge in a computerized setting. The student will record and report accounting information using various commercial accounting packages, including but not limited to QuickBooks Pro and Excel, and be exercised in problem solving and meeting project deadlines throughout the course. Upon completion, the student should have a functional knowledge of computerized accounting applications and procedures.Prerequisites: or ACC122, ACC132ACC232GOVT & NOT-FOR-PRFT ACCT4 Credit HoursThis is an elective course in accounting for students in the CPA option of the program. Upon completion, the student should have a working knowledge of the budgetary and operational accounting of governmental entities, as well as the extensive reporting required for Comprehensive annual Financial Report (CAFR). As part of the course students are required to complete an extensive computer application project governmental accounting and financial reporting. Students should have the proficiency to prepare and interpret accounting and financial reporting information of various not-for-profit organizations as well as health care organizations and educational institutions.Prerequisites: or ACC122, ACC132ACC233ADVANCED TAXATION TOPICS4 Credit HoursThis course is the capstone course for the Enrolled Agent Certification. The course expands the concepts of individual and business taxation, estate, trust, and gift taxation and not-for-profit taxation that were covered in Advanced Taxation. Tax planning for individuals, businesses, estates and trusts and gifting will be emphasized. This course is geared toward the Enrolled Agent Examination, administered by the Internal Revenue Service, and upon completion of this course the student should be prepared to take the test.Prerequisites: or ACC132 or ACC122ACC234ADVANCED PAYROLL3 Credit HoursThis course is a continuation of Payroll Accounting. It is the second course in a two-course sequence. Emphasis is placed on payroll laws and Federal Acts. Payroll Accounting Systems are discussed in detail. Additional topics include employee versus independent contractor, special pay situations, self-employed, payment of federal payroll taxes, penalties, taxable fringe benefits, supplemental pay, the gross-up of supplemental pay, advanced earned income credit. The completion of Federal, State, and Local Payroll Tax Forms will be reviewed and practiced including Form 941, W-2, W-3, 1099, 1096, W-4, W-5, State Unemployment, Bureau of Workers Compensation, State Income Tax Withholding. This course is geared to the Fundamental Payroll Certification and upon completion of this course, the student should be prepared to take the Fundamental Payroll Exam, adminstered by the American Payroll Association.Prerequisites: ACC227ACC235FORENSIC ACCTG & FRAUD INVEST3 Credit HoursThis course provides an introduction to the areas of forensic accounting and fraud investigation including basic accounting principles as they apply to forensic accounting, the most common types of fraud, how different types of fraud occur and how to detect fraud, gather evidence and document findings. Upon completion of this course, students should be familiar with the basic concepts of forensic accounting and fraud prevention and detection.ACC236CYBER LAW & ETHICS3 Credit HoursThis course will provide the student with a thorough preparation "from a business and social perspective" in the law of the cyber world. The design of Cyberlaw & Ethics provides the student with a knowledge base in the context of analysis and problem solving in preparation for entry into the business cyber world and, for those students already employed in business, provides enriched perspectives to enable the business-career employed student to function more effectively.ACC237FRAUD EXAMINATION4 Credit HoursThis course covers the nature of fraud and the responsibility of management for fraud prevention and detection. Special emphasis is given to the design of internal control systems, the identification of material weaknesses in internal controls and the additional responsibilities imposed on management under the provisions of Sarbanes-Oxley. Upon completion of this course, students should be familiar with the basic concepts of fraud prevention and detection.Prerequisites: ACC133ACC238FINANCIAL STATEMENT ANALYSIS4 Credit HoursThis course provides an analytical perspective of corporate finance in the business. The role of financial statement analysis in managerial decision making will be emphasized. The course will present an in-depth review of the Balance Sheet, Income Statement of Stockholders' Equity, and the Statement of Cash Flows. The course will also cover methods of analyzing liquidity and profitability using both financial ratios and trend analysis. Upon completion of this course the student should be equipped with the skills necessary to analye financial data and develop strategies for effectively minimizing corporate financial risk.Prerequisites: ACC133
ACC132FINANCIAL ACCOUNTING4 Credit HoursThe course introduces the student to the fundamental processes of accounting through coverage of the accounting cycle consisting of transaction analysis, the recording function and financial statement preparation and analysis. Course coverage continues with a review of receivables; inventory, property, plant and equipment; bonds and stockholder's equity. Emphasis is given to why certain procedures are followed and their financial statement impact.Corequisites: BUS123
ACC133MANAGERIAL ACCOUNTING4 Credit HoursThe emphasis in this course is on the use of accounting information as an internal tool for planning and control. Course coverage includes the statement of cash flows, ratios, cost behavior, cost accumulation and reporting, cost-volume-profit analysis, budgeting, and other decision criteria. While primary coverage will be of this material in a manufacturing setting, service and merchandising applications will also be presented. Upon completion of this course, students should be able to apply the fundamental concepts of managerial accounting to a variety of business decisions.Prerequisites: or ACC122, ACC132
ACC134INTERNATIONAL LAW3 Credit HoursThe law and international transactions are explored. Also covered are sovereignty, treaties, agreements, antitrust practices, property rights and international arbitration. Upon completion of this course, students should be able to understand the sources of international law and its impact on businesses with international transactions.Prerequisites: ACC130
ACC221INTERMEDIATE ACCT I4 Credit HoursThis is the first in a two-course sequence in the detailed study of accounting theory. It is a study of conceptual framework of accounting, disclosure standards for general purpose financial statements, and measurement standards for assets, current liabilities, and associated revenues and expenses, including application of compound interest techniques. Upon completion, students should be able to demonstrate competence in applying generally accepted accounting principles in the preparation of financial statements as related to these assets and current liabilities.Prerequisites: or ACC122, ACC132Corequisites: ACC127
ACC222INTERMEDIATE ACCT II4 Credit HoursThis is the completion of a two-course sequence in the study of accounting theory. In this semester, students become more involved in the discussion of the intention of management in engaging in certain types of transactions and the impact of alternate methods of reporting in the financial statements. The subject areas studied include long-term debt, intercorporate investments, corporate equity matters, earnings per share, revenue recognition, pensions, leases, cash flow statements, and accounting for income taxes. Some review items include certain analytical ratios and other concepts underlying the preparation of meaningful and complete financial statements. Upon completion of the course, students should be able to demonstrate competence in recognition of important disclosures in financial statements, discuss and evaluate alternative accounting methods and apply generally accepted accounting principles to the preparation of financial statements, including the statement of cash flows.Prerequisites: ACC221
ACC223COST ACCOUNTING4 Credit HoursThis course in cost accounting places an emphasis on manufacturing and service organizations. Course coverage includes job-order costing, process costing, activity-based costing/activity-based management, standard costing and analysis of cost variances. Upon completion of this course, students should be able to apply the fundamental concepts of cost accounting to a variety of business decisions.Prerequisites: ACC133, ACC127
ACC225AUDITING4 Credit HoursEmphasis is placed on the philosophy and environment of the public accounting profession, with special attention paid to the nature and economic purpose of audit and assurance services, professional standards, professional conduct, legal liability, audit evidence, audit planning, consideration of internal control, audit sampling and audit workpapers. Upon completion, students should be able to demonstrate competence in applying the generally accepted auditing standards and the procedures for conducting audits of public and non-public companies.Corequisites: ACC222
ACC226ADVANCED ACCOUNTING4 Credit HoursThe study of consolidated financial statements is the primary concentration of this course. Fundamentals of fair value and equity accounting methods are reviewed, and students are exposed to the processes for consolidation of different entities and the appropriate financial statement considerations and disclosure requirements. Topics include valuation of acquired net assets, recognition of goodwill, the allocation of the purchase price to various elements of the balance sheet, and the elimination of intercorporate transactions in the preparation of consolidated statements. Upon completion, students should be able to discuss the permissible methods of consolidation and indicate the ability to complete a consolidation worksheet and prepare the necessary supporting schedules related to the statements. Topics also include accounting for partnership formation and liquidation, changes in partners through retirement and/or selling all of a portion of their interest is also studied.Corequisites: ACC222
ACC227PAYROLL ACCOUNTING3 Credit HoursThis course is the first course in a two-course sequence in payroll accounting. This course is focused to the Fundamental Payroll Certification and upon completion of the two courses the students should be prepared to take the Fundamental Payroll Exam, administered by the American Payroll Association. Specifically, this course covers the study of payroll, records keeping regulations, reporting requirements, accounting procedures, and mandatory deductions of various taxes. Also covered is the employer's related taxes and preparation of various payroll tax forms, the Fair Labor Standards Act, and other Federal and State laws that regulate payroll.Prerequisites: or ACC122, ACC132
ACC228BUSINESS TAXATION4 Credit HoursThis is an elective, second-semester course in the taxation sequence. The principles of taxation developed in the first semester are developed more fully, and more complex problems are analyzed. There is an introduction to the taxation of corporations, partnerships, estates, trusts, and gifts. Upon completion of the course, the student should be able to analyze complex taxation scenarios of various forms of a business entity and determine their impact on the entity's liability. There is a study of taxation of not-for-profit organizations. All major tax forms are covered for corporations, partnerships and not-for-profit organizations.Prerequisites: ACC132
ACC229COMPUTERIZED ACCTG APPLICATION3 Credit HoursThis is an elective course in accounting for students in the corporate option of the program. The course involves the application of the student's accounting knowledge in a computerized setting. The student will record and report accounting information using various commercial accounting packages, including but not limited to QuickBooks Pro and Excel, and be exercised in problem solving and meeting project deadlines throughout the course. Upon completion, the student should have a functional knowledge of computerized accounting applications and procedures.Prerequisites: or ACC122, ACC132
ACC232GOVT & NOT-FOR-PRFT ACCT4 Credit HoursThis is an elective course in accounting for students in the CPA option of the program. Upon completion, the student should have a working knowledge of the budgetary and operational accounting of governmental entities, as well as the extensive reporting required for Comprehensive annual Financial Report (CAFR). As part of the course students are required to complete an extensive computer application project governmental accounting and financial reporting. Students should have the proficiency to prepare and interpret accounting and financial reporting information of various not-for-profit organizations as well as health care organizations and educational institutions.Prerequisites: or ACC122, ACC132
ACC233ADVANCED TAXATION TOPICS4 Credit HoursThis course is the capstone course for the Enrolled Agent Certification. The course expands the concepts of individual and business taxation, estate, trust, and gift taxation and not-for-profit taxation that were covered in Advanced Taxation. Tax planning for individuals, businesses, estates and trusts and gifting will be emphasized. This course is geared toward the Enrolled Agent Examination, administered by the Internal Revenue Service, and upon completion of this course the student should be prepared to take the test.Prerequisites: or ACC132 or ACC122
ACC234ADVANCED PAYROLL3 Credit HoursThis course is a continuation of Payroll Accounting. It is the second course in a two-course sequence. Emphasis is placed on payroll laws and Federal Acts. Payroll Accounting Systems are discussed in detail. Additional topics include employee versus independent contractor, special pay situations, self-employed, payment of federal payroll taxes, penalties, taxable fringe benefits, supplemental pay, the gross-up of supplemental pay, advanced earned income credit. The completion of Federal, State, and Local Payroll Tax Forms will be reviewed and practiced including Form 941, W-2, W-3, 1099, 1096, W-4, W-5, State Unemployment, Bureau of Workers Compensation, State Income Tax Withholding. This course is geared to the Fundamental Payroll Certification and upon completion of this course, the student should be prepared to take the Fundamental Payroll Exam, adminstered by the American Payroll Association.Prerequisites: ACC227
ACC235FORENSIC ACCTG & FRAUD INVEST3 Credit HoursThis course provides an introduction to the areas of forensic accounting and fraud investigation including basic accounting principles as they apply to forensic accounting, the most common types of fraud, how different types of fraud occur and how to detect fraud, gather evidence and document findings. Upon completion of this course, students should be familiar with the basic concepts of forensic accounting and fraud prevention and detection.ACC236CYBER LAW & ETHICS3 Credit HoursThis course will provide the student with a thorough preparation "from a business and social perspective" in the law of the cyber world. The design of Cyberlaw & Ethics provides the student with a knowledge base in the context of analysis and problem solving in preparation for entry into the business cyber world and, for those students already employed in business, provides enriched perspectives to enable the business-career employed student to function more effectively.ACC237FRAUD EXAMINATION4 Credit HoursThis course covers the nature of fraud and the responsibility of management for fraud prevention and detection. Special emphasis is given to the design of internal control systems, the identification of material weaknesses in internal controls and the additional responsibilities imposed on management under the provisions of Sarbanes-Oxley. Upon completion of this course, students should be familiar with the basic concepts of fraud prevention and detection.Prerequisites: ACC133ACC238FINANCIAL STATEMENT ANALYSIS4 Credit HoursThis course provides an analytical perspective of corporate finance in the business. The role of financial statement analysis in managerial decision making will be emphasized. The course will present an in-depth review of the Balance Sheet, Income Statement of Stockholders' Equity, and the Statement of Cash Flows. The course will also cover methods of analyzing liquidity and profitability using both financial ratios and trend analysis. Upon completion of this course the student should be equipped with the skills necessary to analye financial data and develop strategies for effectively minimizing corporate financial risk.Prerequisites: ACC133
ACC236CYBER LAW & ETHICS3 Credit HoursThis course will provide the student with a thorough preparation "from a business and social perspective" in the law of the cyber world. The design of Cyberlaw & Ethics provides the student with a knowledge base in the context of analysis and problem solving in preparation for entry into the business cyber world and, for those students already employed in business, provides enriched perspectives to enable the business-career employed student to function more effectively.ACC237FRAUD EXAMINATION4 Credit HoursThis course covers the nature of fraud and the responsibility of management for fraud prevention and detection. Special emphasis is given to the design of internal control systems, the identification of material weaknesses in internal controls and the additional responsibilities imposed on management under the provisions of Sarbanes-Oxley. Upon completion of this course, students should be familiar with the basic concepts of fraud prevention and detection.Prerequisites: ACC133ACC238FINANCIAL STATEMENT ANALYSIS4 Credit HoursThis course provides an analytical perspective of corporate finance in the business. The role of financial statement analysis in managerial decision making will be emphasized. The course will present an in-depth review of the Balance Sheet, Income Statement of Stockholders' Equity, and the Statement of Cash Flows. The course will also cover methods of analyzing liquidity and profitability using both financial ratios and trend analysis. Upon completion of this course the student should be equipped with the skills necessary to analye financial data and develop strategies for effectively minimizing corporate financial risk.Prerequisites: ACC133
ACC237FRAUD EXAMINATION4 Credit HoursThis course covers the nature of fraud and the responsibility of management for fraud prevention and detection. Special emphasis is given to the design of internal control systems, the identification of material weaknesses in internal controls and the additional responsibilities imposed on management under the provisions of Sarbanes-Oxley. Upon completion of this course, students should be familiar with the basic concepts of fraud prevention and detection.Prerequisites: ACC133
ACC238FINANCIAL STATEMENT ANALYSIS4 Credit HoursThis course provides an analytical perspective of corporate finance in the business. The role of financial statement analysis in managerial decision making will be emphasized. The course will present an in-depth review of the Balance Sheet, Income Statement of Stockholders' Equity, and the Statement of Cash Flows. The course will also cover methods of analyzing liquidity and profitability using both financial ratios and trend analysis. Upon completion of this course the student should be equipped with the skills necessary to analye financial data and develop strategies for effectively minimizing corporate financial risk.Prerequisites: ACC133
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