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    Course Descriptions


    ACT 100L Survey of Accounting
     

    4 credits
    The focus of this course is on understanding the meaning of the numbers presented in financial reports, their relationship to each other and how they are used in evaluation, planning and control. The course is designed for non-business majors.

     
    ACT 205L Accounting for Decision Making  

    4 credits
    This course is an introduction to financial and managerial accounting. Students will explore the practical and theoretical aspects of decision making and problem solving associated with asset, liability, equity related accounts, along with planning operations, controlling activities and making decisions. The course will provide students with an understanding of the uses and limitations of accounting information (internal and external) in economic decision making. This course is designed for non-accounting majors.


    ACT 210 Accounting for Financial Decision Making  

    3 credits
    A study of basic concepts and fundamentals underlying the measurement, valuation, analysis and communication of financial accounting information to external users for decision making and problem solving. Co-requisites: CIS 107.


    ACT 220 Accounting for Managerial Decision Making  

    3 credits
    A study of basic concepts and fundamentals underlying the planning, controlling and communicating of managerial accounting information to internal users for decision making and problem solving. Prerequisite: ACT 210 with a minimum grade of C-; or permission of instructor and division chairperson.

     
    ACT 260 Governmental and Nonprofit Accounting  

    3 credits
    A comprehensive analysis of accounting and financial reporting for government, voluntary health and welfare organizations, and nonprofit enterprises. Emphasis is placed on fund accounting. It includes budgeting, accounting, reporting, and auditing for federal government, colleges, and nonprofit. Prerequisite: ACT 210 with a minimum grade of C- or permission of instructor and academic advisor.


    ACT 310 Intermediate Accounting I  

    3 credits
    A detailed study of the theoretical and practical aspects of the conceptual framework of financial systems, including an in-depth examination of generally accepted accounting principles (GAAP). Emphasis is placed on asset valuation and financial statement reporting. Prerequisites: ACT 220 with a minimum grade of C-, or permission of instructor and division chairperson.


    ACT 320 Intermediate Accounting II  

    3 credits
    This course continues the study begun in ACT 310 by exploring additional theoretical and practical aspects of financial reporting systems. Emphasis is placed on liability and equity valuation and disclosure. Prerequisite: ACT 310 with a minimum grade of C-; or permission of instructor and division chairperson.


    ACT 330 Legal Concepts for Accountants  

    3 credits
    A study of the primary laws affecting the practice of accounting. Emphasis is placed on contracts, property, uniform commercial code, bankruptcy, business organization structure, governmental regulations and accountants' legal responsibility. Prerequisite: ACT 320 with a minimum grade of C-; or permission of instructor and division chairperson.


    ACT 340 Cost Accounting  

    3 credits
    A comprehensive investigation of procedures, models and costing systems for service and manufacturing organizations. Emphasis is placed on information relevancy for decision making and problem solving. Prerequisite: ACT 220 with a minimum grade of C-; or permission of instructor and division chairperson.


    ACT 397 Accounting Internship  

    3 credits
    A supervised and structured work experience (60 clock hours for each semester hour) designed to integrate practice and theory. Students must register for this course prior to starting employment. Grading is on a Pass/Fail basis. Some sections may include a service-learning component. Prerequisite: ACT 320 with a minimum grade of B or better; or permission of instructor and division chairperson; successful completion of application requirements for internship.


    ACT 410 Accounting Information Systems  

    3 credits
    A study of the design, implementation and evaluation of accounting systems, including emphasis on the application of accounting regulations (GAAP) to transaction processing, internal accounting controls, and revenue and expenditure cycles. Prerequisites: ACT 220 with a minimum grade of C-; CIS 105-106 or CIS 107.


    ACT 421 Individual Taxation  

    3 credits
    A comprehensive study of the theory and provisions of the federal income tax system and its application to individuals. Prerequisite: ACT 220.


    ACT 422 Business Taxation and Research  

    3 credits
    A study of the current theory and provisions of federal income tax law relating to business. Emphasis is on tax research and the problems faced by businesses. Prerequisite: ACT 421.


    ACT 425 Income Tax Practicum/VITA  

    1-3 credits
    Income Tax Practicum and Volunteer Income Tax Assistance (VITA) Program. Under faculty supervision, students prepare federal, state, local school, and city income tax returns. Tax preparation training provided by the IRS and facilitated by the instructor (IRS Basic, Intermediate, Advanced and Tax Wise software training augmented by faculty instruction). The Volunteer Income Tax Assistance (VITA) Program offers basic income tax preparation assistance for individuals of low- to moderate-income, individuals with disabilities, non-English speaking taxpayers, and the elderly within the community. Students will be trained to help prepare basic tax returns electronically by working through modules on their own or by attending a classroom-like session. This course will provide the student with real world work experience and an opportunity to demonstrate social responsibility by fulfilling community service. Prerequisites: A minimum grade point average of 3.000, previous completed ACT 421 or the equivalent, and the permission of the instructor.


    ACT 430 Auditing and Assurance Services  

    3 credits
    An introduction to auditing and other assurance services to assist students in understanding audit decision making and evidence accumulation in today‘s complex auditing environment. Emphasis is placed on internal control policies, generally accepted accounting principles (GAAP), generally accepted auditing standards (GAAS), audit sampling, accumulation of audit evidence, and substantive tests of controls and transactions. Prerequisite: ACT 320 with a minimum grade of C-; or permission of instructor and division chairperson.


    ACT 440 Advanced Accounting  

    3 credits
    The study of advanced accounting topics that includes an examination of partnership formation and liquidation; home office and branch accounting; consolidations; and accounting for non-profit organizations. Prerequisite: ACT 320 with a minimum grade of C-; or permission of instructor and division chairperson.


    ACT 450 Advanced Tax Law  

    3 credits
    An investigation of the theory and provisions of federal tax law and its application to corporations, estates and trusts. Prerequisite: ACT 420 with minimum grade of C-; or permission of instructor and division chairperson.


    ACT 2/3/485 Special Topics  

    2-3 credits
    Course coverage varies depending on interests of students and faculty. Topics may include cases in financial statement reporting, accounting theory, fund accounting, corporate consolidations, accounting history, or international accounting. Prerequisite: ACT 220 with a minimum grade of C-; or permission of instructor and division chairperson.


    ACT 2/3/486 Independent Study  

    2-3 credits
    Individually supervised research projects designed to provide students with the opportunity to analyze accounting topics that are not covered in other accounting information systems courses. Prerequisite: ACT 220 with a minimum grade of C-; or permission of instructor and division chairperson.