22:835:501Accounting Principles and Problems I (3) Provides the techniques and underlying rationale of the methods used in accumulating and interpreting financial and operating data. Beginning with the presentation of the basic accounting equation, the course develops the procedural skills and conceptualizations needed to understand accounting as an economic measurement and information system essential to the business decision-making process. Consists of an in-depth study of the practical and theoretical aspects of the basic recording process, preparation of financial statements, and accounting for current and long-term assets. |
22:835:502Intermediate Accounting II (3) Discusses many of the problems in financial accounting theory and practice. Instills an appreciation for the challenges and limitations of accounting. Prepares students for advanced study, professional examinations, and successful pursuit of accounting careers. Covers current and long-term liabilities, stockholders` equity, dilutive securities, investments, accounting for income taxes, pension costs and leases, and accounting changes and error analysis. Refers to pronouncements of the Accounting Principles Board and the Financial Accounting Standards Board. Prerequisite: 22:835:501. |
22:835:510Business Law I (3) Introduces the legal system and the way in which the law interacts with the accountant`s function. Provides a basic understanding of the principles of law most commonly related to the practice of accountancy. Stimulates an awareness of the law as an expression of basic social, political, and economic forces. Covers the law in relation to contracts, agencies, and sales of goods. |
22:835:511Business Law II (3) Completes the academic requirements necessary to sit for the commercial law part of the CPA exam. Covers the law in relation to commercial paper, secured transactions, business organizations, and government regulation. Prerequisite: 22:835:510. |
22:835:603Income Taxation (3) Enables students to recognize and understand the impact of taxation as a major factor for both individual and business planning. Covers sources of federal tax law, the concept of income realization and recognition, timing of income recognition, timing and possibility of income tax deductions, tax accounting methods, and reporting periods. |
22:835:604Auditing and Accounting Information Systems (3) Examines the principles and components governing management information systems with strong emphasis on the importance of internal control within the system. Illustrates the role of the computer in accounting and general information systems and accounting transactions processing, environment of information systems, designing new system controls, flowcharting, management, designing computer-oriented controls, systems analysis, design, implementation, and follow-up principles of systems design and standards of internal control. Prerequisites: Core courses for management M.B.A. and 22:835:501 for professional accounting M.B.A. |
22:835:605Corporate Taxation (3) Provides a broad overview of how the Internal Revenue Code taxes corporations and compares it to other forms of doing business (i.e., proprietorships, partnerships, limited liability companies, and S corporations). In particular, the course will cover the tax aspects of a corporation`s life cycle, including a corporation`s organization, financing, capital structure, distributions, redemptions, and ultimate liquidation. Prerequisite: 22:835:603. |
22:835:625Accounting Theory (3) Concerned with an in-depth study of the theoretical and practical problems of accounting for partnerships, business combinations, and nonbusiness organizations, including governmental fiduciaries. Prerequisite: 22:835:502. |
22:835:626 Advanced Auditing and Accounting Information Systems (3) Studies how the accounting system, the independent auditor`s examination of the accounting system, and other supporting evidence serve as a basis for the auditor`s expression of an opinion on a client`s financial statements. Studies audit methodology through the conceptual framework within which specific programs are designed. Considers both professional and technical aspects. Covers professional ethics, internal control evaluation, evidence gathering, statistical sampling, auditing and EDP, operations auditing, internal auditing and audit reports. Prerequisites: 22:835:501 and 502. |
22:835:627Cost Accounting (3) Covers the problems of generating and utilizing cost data for the dual purpose of managerial control and product costing. Cost accounting principles and procedures are studied in relation to the accumulation and reporting of material, labor, and variable and fixed overhead costs. Actual, normal, and standard cost systems are examined in both a job order and process manufacturing setting. Cost control, cost planning, and cost analysis as used in assisting the managerial function are studied. Prerequisite: 22:835:501. |
22:835:628Advanced Accounting Research Projects (3) Devoted to the analysis of current financial reporting issues. Students will be required to participate in policy analysis and its application. Prerequisite: 22:835:625. |
