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29:010:203
Introduction to Financial Accounting (3)
Introduction to the theoretical structure of accounting and methods and procedures necessary to achieve effective financial reporting. Overview of the balance sheet, income statement, and statement of cash flows. Includes complete treatment of the accounting cycle; asset, liability, and equity accounts; and introduction to consolidated financial statements.
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29:010:204
Introduction to Managerial Accounting (3)
Fundamental principles of cost and managerial accounting applied to manufacturing and service enterprises. Includes an introduction to cost behavior, managerial decision models, cost and budgetary planning and control, standard costing, analysis of variance, job order and process costing systems, cost allocation, and responsibility accounting. Introduction to the new manufacturing environment, including activity-based costing.
Prerequisite: 29:010:203.
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29:010:304
Cost and Quality Management (3)
In-depth coverage of the new manufacturing environment; activity-based costing, cost and quality management, material resource planning, and strategic performance measures.
Prerequisite: 29:010:204.
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29:010:305-306
Intermediate Accounting I,II (3,3)
Advanced application of accounting principles to the accounting and reporting of asset, liability, and equity accounts and financial statements. Includes coverage of professional pronouncements related to proper reporting and disclosure of financial information. The conceptual framework of accounting, current and noncurrent assets and liabilities, stockholders' equity, leases, pensions, earnings per share, deferred taxes, and stock options are included.
Prerequisite: 29:010:204 (29:010:305 for Intermediate Accounting II).
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29:010:319
Business Law I: Introduction to Business Law and Government Regulation (3)
Topics include an introduction to the legal framework of business and the law of contracts and negotiable instruments. Extensive coverage of government regulations relating to the environment, consumer protection, hiring practices, and occupational safety.
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29:010:320
Business Law II: Uniform Commercial Code (3)
Topics include torts, personal property, bailments, contract law, commercial paper, and secured transactions under the Uniform Commercial Code. Coverage of partnerships and corporations, bankruptcy, agency principles, insurance, real property, and estate matters.
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29:010:330
Applied Financial Accounting (3)
Combines a study of the theory, rationale, and objectives of corporate financial reporting with a study of current reporting principles. The aim is to develop a realistic understanding of the strengths and weaknesses of financial reporting, particularly from the viewpoint of the consumer of these reports. Emphasis is placed on the analysis and understanding of financial reports rather than on the mechanics of constructing financial statements. The overall focus of the course is to provide the basics required to read and work with financial statements. As a result, the material will be presented in a manner that provides the participant with a better understanding of the basic concepts (i.e., the big picture) rather than becoming too involved with bookkeeping details. Detailed mechanics of accounting will be used only where they enhance the analysis of financial statements.
For finance majors only. Accounting majors will not receive credit for this course. Prerequisite: 29:010:203.
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29:010:413
Federal Tax I: Fundamentals of Federal Income Taxation (3)
Introduction to basic concepts of federal income taxation as applied to individuals and corporations, including the tax formula, accounting methods, property transactions, income determination, deductions and losses, tax credits, and the alternative minimum tax. Structure of the U.S. tax system and tax law including the tax research process.
Prerequisite: 29:010:305.
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29:010:414
Federal Tax II: Advanced Corporate Issues (3)
In-depth coverage of corporate tax issues, including the tax effects of stock issuance, corporate distributions, redemptions, and corporate liquidations. Overview of tax-free reorganizations.
Prerequisite: 29:010:413.
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29:010:423
Accounting for Business Combinations and Government Accounting (3)
Accounting for mergers and acquisitions, pooling and purchase methods, accounting for goodwill, and the equity method. Foreign subsidiaries and accounting for foreign currency translation and transactions.
Prerequisites: 29:010:305-306.
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29:010:430
Auditing (3)
Introduction to the principles and concepts of the audit as an
attestation service offered by the accounting profession. Primary
emphasis is placed on Generally Accepted Auditing Standards, the role
of the CPA/auditor in evidence collection, analytical review procedures
and reporting, the CPA/auditor's ethical and legal responsibilities,
the role of the Securities and Exchange Commission as well as other
constituencies. Audit testing, including statistical sampling, internal
control issues, and audit programs are discussed.
Prerequisite: 29:010:306.
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29:010:445
Controllership, Budgeting, and Strategic Planning (3)
Budgeting and forecasting, statement analysis, cash and investment management, strategic planning, product strategy, and establishing corporate policy and procedures. Consideration also given to SEC compliance, leadership, teamwork, and managing in cross-functional environments.
Prerequisites: 29:010:304, 306.
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29:010:485
Computer-Augmented Accounting (3)
Integration of computerized accounting software with the basic principles and procedures of accrual accounting. Examines the functioning of modern computerized accounting systems. Computer accounting applications include general ledger, accounts receivable, accounts payable, invoicing, payroll, inventory, and job costs. Introduction to internet technology and accounting resources on the internet are provided.
Prerequisites: 29:623:220, 29:010:306.
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29:010:496
Accounting Internship (BA)
On-site accounting position in a corporate or not-for profit organization.
By arrangement with the Career Development Center and a RBS Career Management Specialist. Prerequisites: 29:010:204, 29:390:329, 29:620:300, 29:630:301 and junior standing.
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29:010:497
Accounting Cooperative (6) (BA)
Three credits will count towards accounting elective credit, and 3 credits will count toward free elective credit.
Internship program for six months (January to June, or June to December) at a participating corporation.
Must complete the Coop Form and consult with an RBS Career Management Specialist to receive credit. Evaluations by corporate supervisor in the participating organization and an RBS Career Management Specialist determine final grade in the course.
Prerequisites: 29:010:204, 29:390:329, 29:620:300, 29:630:301, and junior standing.
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29:010:498,499
Independent Study in Accounting (BA)
Restricted to accounting majors or minors with senior standing. May not be used as a substitute for any departmental requirements. A substantial research project is conducted and a final semester paper is required in order to fulfill course requirements.
Prerequisites: Permission of department chair and instructor.
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