Accounting

ACC 10503 General Accounting Fundamentals

An accounting course for non-business/ non-accounting students. The course includes the basic financial recording and reporting process, and managerial accounting with a decision-making emphasis. An accounting system for use on the computer will be studied. Not for business majors. Lab Fee required.

Offered Fall for 3 Semester hours.

ACC 11403 Principles of Accounting I

An introduction to the accounting system, from the transaction through the preparation of the balance sheet and income statement. An introduction to basic financial terminology. Includes a study of current assets, long-term assets, liabilities, and owner’s equity for both partnerships and corporations. Lab fee required.

Offered Fall, Spring for 3 Semester hours.

ACC 12403 Principles of Accounting II

Applications of ACC 11403. A study of the uses of accounting information for management decision making. Includes the preparation of the Statement of Cash Flows, department accounting, accounting for a manufacturing concern, job and process costing, budgeting, and cost volume-profit analysis. Lab fee required. Prerequisite: ACC 11403.

Offered Fall, Spring for 3 Semester hours.

ACC 21403 Intermediate Accounting I

Accounting concepts and principles with emphasis on special problems of asset valuation and income determination in accordance with generally accepted accounting principles. Includes in-depth study of the complexities of revenue recognition, the study of cash, short-term liability, treatment of accounting changes, and receivables. Lab fee required. Prerequisite: ACC 12403

Offered Spring for 3 Semester hours.

ACC 22403 Intermediate Accounting II

Continuation of special accounting problems in accordance with generally accepted accounting principles. Includes in-depth study of intangible assets, bonds, long-term investments, capitalization of corporation, financial statement analysis, pensions, income tax allocation, and leases. Lab free required. Prerequisite: ACC 21403

Offered Spring for 3 Semester hours.

ACC 34403 Federal Income Taxation

A course intended to provide the student with a working knowledge of federal income tax laws and procedures as applied to the individual and the sole proprietorship. With an introduction to capital gains and losses, tax research, and tax return preparation..

Offered Spring for 3 Semester hours.

ACC 35403 Management Accounting

A survey course intended to provide the student with a working knowledge of those accounting problems related to cost determination, planning and control. Includes cost classification, cost-volume-profit analysis, cost accumulation and product costing, budgeting, and standard costs and variances.

Offered Fall for 3 Semester hours.