Accounting Course Descriptions
ACCT 101 - Introductory Accounting I - Fall/Spring/Sum I
The basic principles and procedures for gathering, recording, summarizing and interpreting accounting data.
ACCT 102 - Introductory Accounting II - Fall/Spring/Sum II
General accounting principles, special procedures for manufacturing operations and analysis of financial and fund statements. Prerequisite: ACCT 101.
ACCT 201 - Intermediate Accounting I - Fall
Preparation of financial statements. Additional principles for cash receivables, inventories, investments and income concepts. Prerequisite: ACCT 102, CMPS 116. Co-requisite or prerequisite: ACCT 204.
ACCT 202 - Intermediate Accounting II - Spring
The principles of fixed assets, liabilities and equity accounting; statements of funds and cash flow; problems of business reorganization. Prerequisite: ACCT 201, CMPS 116.
ACCT 203 – Managerial/Cost Accounting - Fall/Spring
Use of accounting information for management planning and control and the interpretation of accounting data as a management tool. Prerequisite: ACCT 102.
ACCT 204 - Computer Applications in Accounting - Fall
Use of a computer to process accounting data and a computer-assisted practice set. Analysis of a company’s evolution from a sole proprietorship to a corporation. Creation of journal entries and use of the computer to generate the annual journal, trial balance and financial statements. Prerequisites: ACCT 102.
ACCT 300 - Advanced Accounting Theory - Fall/Spring
Accounting principles as they relate to partnerships, consignments, installments, branch relations and consolidations. Prerequisites: ACCT 202, ACCT 204, CMPS 116.
ACCT 301 - Cost Accounting Principles - Spring
Principles and procedures for determining unit cost of production, job order cost and standard process cost systems. Prerequisite: ACCT 102.
ACCT 303 - Tax Accounting - Fall
Principles of tax accounting, types of returns, includable and excludable income, expenses, deductions, inventory and depreciation methods. Prerequisite: ACCT 102.
ACCT 305 - Auditing - Fall/Spring
Principles and methods of verification of accounts and financial statements. Auditing theory and practical and theoretical applications of auditing standards and procedures. Prerequisite: ACCT 202.
ACCT 355, ACCT 356 - Accounting Internship I, II - Fall/Spring/Sum
Part-time job experience approved by the department in a local business or industrial firm. Method of evaluation to be agreed upon by the departmental and job-site supervisors. May include periodic reports, a day-by-day journal and a final report. Prerequisites: Junior standing and permission.
ACCT 295, ACCT 395, ACCT 495 - Selected Topics in Accounting I, II, III 1-6 credits
ACCT 296, ACCT 396, ACCT 496 - Independent Study in Accounting I, II, III 1-6 credits Special Request Independent Study Fee: $50 per credit.
