Accounting

ACCT 1100 FINANCIAL ACCOUNTING I (45-30-4)
Prerequisite: Program admission or Advisor Approval
Introduces the basic financial accounting concepts of the complete accounting cycle and provides the student with the necessary skills to maintain a set of books for a sole proprietorship. Topics include: accounting vocabulary and concepts, the accounting cycle for a personal service business, the accounting cycle for a merchandising business, inventory, cash control and receivables. Laboratory work demonstrates theory presented in class.

ACCT 1105 FINANCIAL ACCOUNTING II (45-30-4)
Prerequisite: ACCT 1100 and Instructor Approval for Provisional Students
Introduces the intermediate financial accounting concepts that provide the student with the necessary skills to maintain a set of books for a partnership and corporation. Topics include: fixed and intangible assets, current and long-term liabilities (notes payable), payroll, accounting for a partnership, accounting for a corporation, statement of cash flows, and financial statement analysis. Laboratory work demonstrates theory presented in class.

ACCT 1110 MANAGERIAL ACCOUNTING (30-30-3)
Prerequisite: ACCT 1105
Emphasizes the interpretation of data by management in planning and controlling business activities. Topics include managerial accounting concepts, manufacturing accounting using a job order cost system, manufacturing accounting using a process cost system, cost behavior and cost-volume-profit, budgeting and standard cost accounting, flexible budgets, standard costs and variances, and capital investment analysis and budgeting. Laboratory work demonstrates theory presented in class.

ACCT 1115 COMPUTERIZED ACCOUNTING (15-60-3)
Prerequisite: ACCT 1100, COMP 1000
Emphasizes operation of computerized accounting systems from manual input forms. Topics include: company creation (service and merchandising), chart of accounts, customers transactions, banking activities, merchandise inventory, employees and payroll, and financial reports. Laboratory work includes theoretical and technical application.

ACCT 1120 SPREADSHEET APPLICATIONS (30-60-4)
Prerequisites: COMP 1000
This course covers the knowledge and skills to use spreadsheet software through course demonstrations, laboratory exercises and projects. Topics and assignments will include: spreadsheet concepts, creating and manipulating data, formatting data and content, creating and modifying formulas, presenting data visually and collaborating and securing data.

ACCT 1125 INDIVIDUAL TAX ACCOUNTING (30-30-3)
Prerequisites: None
Provides instruction for the preparation of individual federal income tax returns. Topics include: taxable income, income adjustments, schedules, standard deductions, itemized deductions, exemptions, tax credits, and tax calculations.

ACCT 1130 PAYROLL ACCOUNTING (30-30-3)
Prerequisite: ACCT 1100
Provides an understanding of the laws that affect a company's payroll structure and practical application skills in maintaining payroll records. Topics include: payroll tax laws, payroll tax forms, payroll and personnel records, computing wages and salaries, taxes affecting employees and employers, and analyzing and journalizing payroll transactions.

ACCT 2120 BUSINESS TAX ACCOUNTING (30-30-3)
Prerequisite: ACCT 1125
This course provides instruction for preparation of both state and federal partnership, corporation and other business tax returns. Topics include: organization form, overview of taxation of partnership, special partnership issues, corporate tax elections, adjustments to income and expenses, tax elections, forms and schedules, tax credits, reconciliation of book and tax income, tax depreciation methods, and tax calculations.

ACCT 2135 INTRODUCTION TO GOVERNMENTAL AND NONPROFIT ACCOUNTING (45-0-3)
Prerequisite: ACCT 1105
This course provides an introduction to financial reporting and accounting principles for state/local governments and nonprofit entities.

ACCT 2140 LEGAL ENVIRONMENT OF BUSINESS (45-0-3)
Prerequisite: Program Admission
Introduces law and its relationship to business. Topics include legal ethics, legal processes, business contracts, business tort and crimes, real and personal property, agency and employment, risk-bearing devices, and Uniform Commercial Code.

ACCT 2145 PERSONAL FINANCE (45-0-3)
Prerequisite: None
Introduces practical applications of concepts and techniques used to manage personal finance. Topics include cash management, time value of money, credit, major purchasing decisions, insurance, investments, retirement, and estate planning.

ACCT 2150 PRINCIPLES OF AUDITING (45-0-3)
Prerequisite: ACCT 1105
Introduces the student to the auditors' responsibilities in the areas of professional standards, reports, ethics and legal liability. Students learn about the technology of auditing; evidence gathering, audit/assurance processes, internal controls, and sampling techniques. The specific methods of auditing the revenue/receipts process, disbursement cycle, personnel and payroll procedures, asset changes, and debt and equity are learned. Finally procedures related to attest engagements and internal auditing are reviewed.

ACCT 2155 PRINCIPLES OF FRAUD EXAMINATION (45-0-3)
Prerequisite: Program Admission
This course provides instruction of the basic principles and theories of occupational fraud. Topics include fraud concepts, skimming, cash larceny, billing schemes, check tampering, payroll schemes, expense reimbursement schemes, register disbursement schemes, non-cash assets fraud, corruption schemes, and accounting principles and fraud.