Courses and Programs 1997-1999
Courses and Programs 1997-1999Acct 215. Legal Environment of Business. (3-0) Cr. 3. F.S.SS. Prereq: Sophomore classification. General history, structure, and principles of law. Our legal system, as an agency of social control; good business technique and practice. The court system, administrative agencies, contracts, and agency law.
Acct 284. Financial Accounting. (3-0) Cr. 3. F.S.SS. Introduction to the basic concepts and procedures of financial accounting from a user perspective. The course examines the accounting cycle, business terminology, basic control procedures, and the preparation and evaluation of financial reports, with an emphasis on financial statement analysis.
Acct 285. Managerial Accounting. (3-0) Cr. 3. F.S.SS. Prereq: 284. The essentials of managerial accounting. Methodology and uses of internal managerial reports in cost determination, cost control, pricing, and long-range planning.
Acct 316. Business Law. (3-0) Cr. 3. F.S. Prereq: 215. Continuation of 215. Sales under the Uniform Commercial Code, negotiable instruments, secured transactions, property transactions, partnerships, and wills and estates.
Acct 383. Advanced Managerial Accounting. (3-0) Cr. 3. F.S.SS. Prereq: 285 or BusAd 522. Generation, communication and use of information to assist management with planning and control in manufacturing and service organizations. Includes traditional and contemporary models of cost estimation, assignment, and control, responsibility accounting, financial control, and nonrecurring decisions.
Acct 385. Principles of Federal Income Tax. (3-0) Cr. 3. F.S.SS. Prereq: 285 or BusAd 522. An overview of the fundamentals of income tax related to individual taxpayers, and concepts applicable to all tax entities. Basic coverage of corporation and partnership income tax. Transaction planning to maximize participation in preferential tax opportunities.
Acct 386. Intermediate Accounting I. (3-0) Cr. 3. F.S.SS. Prereq: 285 or BusAd 522. The conceptual framework of financial accounting. Communication of financial information on the income and retained earnings statements, statement of cash flows, and the balance sheet. Accounting concepts relating to current and operational assets of the firm.
Acct 387. Intermediate Accounting II. (3-0) Cr. 3. F.S.SS. Prereq: 386. Accounting theory and practice related to corporation formation and operation, analysis of incomplete records, liabilities, pension costs, leases, price level adjustments, application of concepts of present value, and current issues in financial accounting.
Acct 388. Governmental and Non-profit Institution Accounting. (3-0) Cr. 3. F.S. Prereq: 285 or BusAd 522. Budgeting, accounting, auditing, and financial reporting principles associated with private and public nonprofit organizations. Includes survey of state, local, municipal, and federal government accounting, as well as accounting for colleges, universities, public schools, health care facilities, voluntary health and welfare organizations and other not for profit entities.
Acct 486. Advanced Income Tax. (3-0) Cr. 3. F.S. Prereq: 385, 386. Extended study of property transactions. Advanced topics in individual taxation. A continuation of study in partnership and corporate taxation. Tax planning. Recommended for those who plan a career in public accounting. Nonmajor graduate credit.
Acct 487. Accounting Information Systems. (3-0) Cr. 3. Prereq: 386. Analysis of concepts and procedures underlying the automated accumulation and processing of accounting data. EDP internal control and audit techniques. Trends in accounting information systems. Intended for the upper level accounting major. Nonmajor graduate credit.
Acct 490. Independent Study. Cr. 1 to 3 each time taken. F.S.SS. Prereq: 285, senior classification, permission of instructor.
Acct 496. Advanced Accounting Problems. (3-0) Cr. 3. F.S.SS. Prereq: 387. Partnerships, branch operations, accounting for business combinations and affiliated companies, consolidated financial statements; reporting for multinational operations. Nonmajor graduate credit.
Acct 497. Auditing I. (3-0) Cr. 3. F.S.SS. Prereq: 387. The conceptual framework of auditing. Rules of conduct. External reporting concepts. Audit methodology including procedures for gathering evidence. Internal control, audit verification, and the role of statistical sampling in auditing for financial information systems. Nonmajor graduate credit.
Acct 499. Auditing II. (3-0) Cr. 3. Prereq: 497. The application of auditing procedures in the audit of the financial affairs of business. Audit and control of computerized systems, fraud auditing. For students with a strong professional interest in auditing. Nonmajor graduate credit.
Acct 581. Decision Models in Accounting. (3-0) Cr. 3. Prereq: 383 or Busad 522. Quantitative and decision-making models such as cost estimation, inventory evaluation, and cost minimization techniques. The focus of decision analysis specifically applied to accounting problems.
Acct 583. New Technology and Management Accounting. (3-0) Cr. 3. Prereq: 383 or Busad 522. Just-in-time concepts, capital investment decisions, activity-based costing, product costing, quality costs, and performance measurement decisions. Focus will be specific to accounting issues.
Acct 585. Tax Implications of Business Decisions. (3-0) Cr. 3. S. Prereq: 285, 6 credits in accounting or BusAd 522. The impact of federal tax legislation on the formation, operation and liquidation or reorganization of entities. Income and estate planning for executives.
Acct 589. Accounting and Taxation of Agricultural Entities. (3-0) Cr. 3. F. Prereq: 285, 6 credits in accounting or BusAd 522. Financial and cost accounting concepts and procedures for farming operations, managerial decisions including present value analysis and break-even point analysis. Procedures and planning of income and transfer tax as related to farming and ranching.
Acct 590. Special Topics. Cr. 1 to 3 each time taken. F.S.SS. Prereq: Permission of instructor. For students wishing to do individual research in a particular area of accounting.
Acct 592. Financial Statement Analysis. (3-0) Cr. 3. S. Prereq: 284 or Busad 522. The presentation and analysis of financial statement information from the point of view of the primary users of such data: owners and creditors. Topics covered will include the financial reporting system, the primary financial statements, and effects of accounting method choice on reported financial data.
Acct 596. International Accounting. (3-0) Cr. 3. Prereq: 284 or Busad 522. Accounting and reporting requirements and managerial issues faced by multinational corporations. The international environment of standard setting will be examined. Technical issues such as transfer pricing, inflation accounting and taxation will be discussed.
Acct 598. Financial Accounting: Theory and Contemporary Issues. (3-0) Cr. 3. F. Prereq: 496, 497, and 383 or 385. Theoretical discussion of financial accounting choices and current pronouncements of the Financial Accounting Standards Board. Asset valuation models, income measurement alternatives and cash flow analysis.