Accounting
Special Fee: $100.00 per semester
Offered every Semester
A fundamental course in the principles and
theory of accounting applied to business organizations.
Consideration is given to the recording process, income
determination, and the effect of accounting concepts on
financial statements and cost relationships for managerial
control. The course also covers the basic concepts of automated
data-processing installations, specially as they relate
to the movement of work to the computer under control. Students
are required to solve a set of basic financial and managerial
accounting problems using a computer. Computer applications,
integrated throughout all advanced course work in accounting,
are a logical extension of the concepts developed at the
introductory stage. Three credits per semester.
Prerequisite: Accounting 101, 102
Offered on occasion
Following an overview of the managerial
accountant's role as scorekeeper, attention director and
problem solver, various cost-behavior patterns are considered
together with an examination of the planning process through
the medium of cost-volume--profit analysis.
Manufacturing cost and statements are considered,
with a comparison of traditional and contribution margin
formats. Cost-accounting systems are developed for batch
production and mass production of identical units through
sequential processes. Budget characteristics are discussed,
and the techniques of data accumulation for preparation
of a master budget are covered. Flexible budgets, controllability
of variances and budgets for discretionary fixed costs are
evaluated. Three credits. (Students required to take Accounting
131 and 132 will not receive credit for this course.)
Offered on occasion
An overview of accounting principles, followed
by an introduction to the use of accounting in various professions
and industries to augment and enhance profitability and
productivity. Students are introduced to budgetary planning.,
to an understanding and evaluation of financial statements,
and to integration of tax planning. Computer applications
are used throughout. Three credits.
Prerequisite: Accounting 101, 102
Offered every Spring
A study of budgeting, planning and reporting
for nonprofit organizations such as government agencies,
hospitals and educational institutions. A comparison of
financial controls is included. Three credits. (45 CPE credits)
Prerequisite: Accounting 101, 102
Offered every Spring
A critical study of problems involving financial
statement accounts and income determination; analysis of
current accounting theory; mathematical principles and applications;
and incomplete records and error correction. Three credits
per semester. (45 CPE credits)
Offered on occasion
A study of the principles of computerized
accounting, databases and the way information flows through
accounting systems. Students learn methods of securing systems
from fraudulent data. Three credits.
Prerequisite: Accounting 101, 102,
121, 122 or permission of the Department Chair
Offered every Spring
A study of the principles of cost accounting
in relation to managerial usage. Job order cost systems
are developed. Break even analysis, direct costing, relevant
costing, profit planning and budgeting are considered. Three
credits. (45 CPE credits)
Prerequisite: Accounting 101, 102,
121, 122, 131 or permission of the Department Chair
Offered every semester
An exercise in the development of process
and standard cost systems. Problems of joint product costing,
performance measurement, and capital budgeting are considered.
Three credits. (45 CPE credits)
Prerequisite: Accounting 101, 102,
121, 122 or permission of the Department Chair
Offered every semester
A study in detail of the accounting problems
of partnerships, consignments, installment sales, insurance,
receiverships, estates trust, foreign exchange and other
specialized areas. Three credits. (45 CPE credits)
Prerequisites: Accounting 101,
102, 121, 122, 137a or permission of the Department Chair
Offered every semester
A study in detail of the accounting problems
of business combinations and consolidations. Three credits.
(45 CPE credits)
Prerequisite: Accounting 138a
Offered every semester
A review of standards and procedures currently
used by independent public accountants in examining financial
statements and their applications in report preparations.
The ethical and legal responsibilities of the profession
are reviewed. Three credits. (45 CPE credits)
Prerequisite: Accounting 137a or
permission of the Department Chair
Offered every semester
A consideration of the application of federal
requirements to individual, partnership, corporation, limited
liability company, and limited liability partnership tax
returns. Three credits. (45 CPE credits)
Prerequisite: Accounting 138a
Offered every Fall
An examination of generally accepted accounting
principles and current pronouncements, with emphasis on
accounting and reporting practices of business enterprises
and proposed solutions to relevant problems. three credits.
(45 CPE credits)
Prerequisite: Accounting 138a
Offered on occasion
An advanced course covering income taxes,
managerial accounting, and accounting for government and
non-profit organizations. Recent professional qualifying
examinations and current pronouncements are subject to critical
review. Three credits. (45 CPE credits)
For the students in the last semester of
their senior year who require one to three credits to meet
minimum requirements for graduation. Students must complete
an Application for Independent study to be approved by the
Department Chair and the Dean. Students are assigned to
a faculty member who supervises the Independent Study course
or project. Students may be required to write a research
paper and take a comprehensive examination (or both) in
addition to all other course requirements. One to three
credits.
Honors study is designed to give outstanding
students an opportunity to do independent work in their
major under the guidance of a member of the faculty. There
are no regular class meetings. To be eligible, a student
must have upper junior or senior status; 12 credits in one
of the major fields of the School of Business, Public Administration
and Information Sciences; a cumulative quantity - point
ratio of 3.0 and 3.25 ratio in the major subject; and the
permission of the Chair of the Department and the Dean.
Student must complete an Application for Honors Study outlining
the research project or independent work to be undertaken
and the name of the supervising faculty member. A total
of six credits of Honor Study is the maximum allowed. Three
credits per semester.
Law
Offered every semester
An introduction to law and the legal system,
the case method of study, and legal reasoning. Topics covered
are international torts, negligence, contracts, agency,
employment law and the Uniform Commercial Code, particularly
the law of sales and commercial paper. Three credits. (45
CPE credits)
Prerequisite: Law 101
Offered every semester
Personal and real property law. The study
of partnerships, limited liability companies, corporations,
bailments and other forms of business organization, including
an introduction to securities law. Also covered are insurance,
suretyship, bankruptcy, estates and trusts, and an accountant's
professional responsibility. Three credits. (45 CPE credits)
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