Accounting 010

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. Prerequisite: Any course equal or greater than 21:640:104.

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, activity-based costing, analysis of variance, job order and process costing systems, cost allocation, and responsibility accounting. Prerequisite: 29:010:203.

29:010:304 Cost Accounting (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.

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: 29:010:203 for Intermediate Accounting I. 29:010:305 for Intermediate Accounting II.

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. Prerequisite: 29:010:204.

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. Prerequisite: 29:010:204.

29:010:400 Team Consulting (3) Introduces students to an experiential learning method that integrates the use of learned accounting systems in a real-life small business management case study. Students in the RBS accounting program will be assisted in applying accounting techniques to work with New Jersey Small Business Development Center small business client owners in an attempt to resolve or transform current business predicaments. Decision-making, organizational, and cash flow tactics will be incorporated into a case study analysis. Major topics will include cash flow cycle, budget analysis, cost-volume profit analysis, forecasting, financial statements, and financial ratios. Prerequisites: 29:010:305; junior or senior standing; GPA of at least 3.0.

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.

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.

29:010:423 Advanced Accounting (3) Accounting for mergers and acquisitions, consolidation accounting including accounting for noncontrolling interests, variable interest entities, accounting for goodwill, and the equity method. Accounting for foreign subsidiaries, accounting for foreign currency translation and transactions, and segment and interim reporting. Prerequisite: 29:010:306.

29:010:426 Advanced Accounting II (3) Covers advanced accounting topics not included in Advanced Accounting 29:010:423, including accounting for legal reorganizations and liquidations; partnerships: formation and operation, termination and liquidation; accounting for state and local governments; and accounting and reporting for private not-for-profit entities. Prerequisite: 29:010:306.

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: 29:010:305.

29:010:460 Auditing Analytics (3) There are two main purposes of this course: (1) introduce the basic application of analytics to both internal and external audit processes in current ubiquitous computer-based information systems; and (2) introduce the application of audit analytics to organizations. This course emphasizes the usage of statistics and the interpretation of results to be used as audit evidence. Prerequisite: 29:010:430.

29:010:485 Accounting Information Systems (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.

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 an RBS career management specialist. Prerequisites: 29:010:203, 29:010:204, 29:390:329, 29:620:301, 29:623:220, 29:630:301, and 29:799:301.

29:010:497 Accounting Cooperative (6) (BA) Three credits will count toward 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 co-op 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.    By arrangement with the Career Development Center and an RBS career management specialist. Prerequisites: 29:010:203, 29:010:204, 29:390:329, 29:620:301, 29:623:220, 29:630:301, and 29:799:301.

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. Requires application approval from RBS undergraduate dean's office.