ACNT 1010 - Financial Accounting - 3 credits
Fall and Spring Semesters
An introduction to financial accounting through the preparation, use and interpretation of financial statements. The course focuses on key accounting concepts and procedures with a special emphasis on the accounting cycle. Topics include cash flows, accounts receivable, inventory and cost of goods sold, property, plant and equipment, long-term liabilities, issuance of stocks and bonds, and the distribution of income. Financial statement analysis is introduced through the use of financial ratios. The importance of ethics in financial reporting is discussed throughout. Required for Business Administration majors and minors.
ACNT 1011 - Managerial Accounting - 3 credits
Fall and Spring Semesters
An introduction to managerial accounting emphasizing how managers use accounting information to further organizational goals related to planning, controlling and decision-making. Topics include fundamental cost terminology, cost behavior, product costing, profit planning and budgeting, cost-volume- profit analysis, standard costs, segment reporting, differential analysis, and performance measurement techniques. Emphasis is also placed on the preparation and analysis of internal accounting reports. Ethical and international issues are discussed throughout. Required for Business Administration majors.
Prerequisite: ACNT 1010 (with a minimum grade of C-) or permission from the instructor.
ACNT 2000 - VITA: Training - 1 credit
This is the first of two service-learning courses that prepares students to participate in the Volunteer Income Tax Assistance (VITA) program. VITA volunteers, under the supervision of a licensed CPA, provide tax return preparation services for low and moderate-income residents within the local community. This course focuses on training and certifications required to participate in the program. Topics covered include the Volunteer Standards of Conduct, interviewing techniques, basic and advanced tax law, quality review standards, and other tax considerations. Students will complete mock client sessions where they will practice the VITA process by interviewing a tax client and preparing and reviewing a basic or advanced tax return. Tax software training is also covered.
Prerequisite or Corequisite: ACNT 2020.
ACNT 2001 - VITA: Tax Return Preparation - 1 credit
This is the second of two service-learning courses that prepares students to participate in the Volunteer Income Tax Assistance (VITA) program. VITA volunteers, under the supervision of a licensed CPA, provide tax return preparation services for low and moderate-income residents within the local community. Students will interview clients, prepare basic and advanced individual income tax returns, and complete quality reviews. Students may repeat the course and apply to be a site coordinator. Site Coordinators schedule student/client appointments, respond to client and IRS correspondence, and perform quality reviews on all returns before they are submitted to the IRS. Tax software is used extensively throughout the program.
This course meets the General Education Active Learning requirement.
Prerequisite: ACNT 2001.
ACNT 2010 - Financial Reporting & Analysis I - 3 credits
This is the first of two courses covering the study of accounting principles and procedures essential to the preparation of financial statements with particular emphasis on the corporate form. Topics of coverage include financial statements, current assets, inventory, property, plant, and equipment, and intangible assets. IFRS and ethical issues are discussed throughout.
Prerequisite: ACNT 1010.
ACNT 2011 - Financial Reporting & Analysis II - 3 credits
Intermediate Accounting II is the second of two courses covering the study of accounting principles and procedures essential to the preparation of financial statements with particular emphasis on the corporate form. The course provides an in-depth focus on financial instruments, current and long-term liabilities, and stockholders’ equity. Topics of coverage include investments, bonds, leases, accounting for income taxes, accounting changes, share-based compensation and pension plans. IFRS and ethical issues are discussed throughout.
Prerequisite: ACNT 2010 (with a minimum grade of C-) or permission of instructor.
ACNT 2020 - Individual Income Taxation - 3 credits
An examination of the U.S. Income Tax structure with an emphasis on the taxation of individuals. Topics of coverage include income determination, filing status, exemptions, deductions for and from adjusted gross income, credits, self- employed business income and deductions, payroll taxes, and advanced property transactions. Research, analysis and planning of tax issues are also introduced.
ACNT 2021 - Business Entity Taxation - 3 credits
An examination of the U.S. Income Tax structure with an emphasis on the taxation of different taxable entities with extensive coverage on corporations. The course will also include an introduction to trusts, estates and gift tax, multinational tax transactions and state and local taxes. Research, analysis and planning of tax issues are also introduced.
ACNT 2060 - Forensic Accounting and Fraud Examination - 3 credits
Explores the foundation of Forensic Accounting and Fraud Examination. Topics of coverage include fraudulent financial reporting, fraud detection and prevention, fraud investigation techniques, valuation of businesses, lost profits analysis, and litigation support services. The legal concepts surrounding expert witness testimony are also considered. Ethical issues are identified and discussed throughout.
ACNT 3010 - Cost Accounting & Analytics - 3 credits
An advanced examination into the subjects covered within Managerial Accounting. Other topics include product and by- product cost allocation, enterprise risk management, strategy for product and customer profitability and pricing analysis, transfer pricing, the balance scorecard and capital budgeting. Multinational cost considerations are discussed throughout.
Prerequisite: ACNT 2011.
ACNT 3011 - Corporate Governance & Business Concepts - 3 credits
This course is an in-depth study of corporate governance, including enterprise risk management, internal controls, business processes, and strategic performance management pertaining to the cost accountant. Accounting majors examine governance at a corporate level, including the processes through which a company sets objectives and pursues in the context of the social, regulatory, and market environment. Students will explore practices and procedures on how companies achieve their goals while ensuring stakeholders' confidence that appropriate decision-making processes and controls are in place to balance all stakeholders' interests
Prerequisite: ACNT 3010.
ACNT 3030 - Government and Not-for-Profit Accounting - 3 credits
An introduction to the accounting and financial reporting principles of state and local governments, colleges and universities, hospitals, and other not-for-profit organizations. Students develop an appreciation for the special accounting, budgeting, and reporting needs of these organizations. Ethical considerations are discussed throughout.
Prerequisite: ACNT 1010.
ACNT 3040 - Advanced Accounting - 3 credits
An in-depth analysis into advanced accounting topics. The course will cover the consolidation of financial statements, translation
of foreign currencies, the reporting requirements of business segments, accounting for legal reorganizations and liquidations, and accounting for partnerships, estates and trusts. International accounting standards will also be discussed.
Prerequisite: ACNT 2011.
ACNT 3050 - Audit & Other Assurance Services - 3 credits
Examines the accounting profession, professional ethics, legal liability and financial audits by external and internal auditors in both private and public sectors. Covers the audit report and the opinion of the certified public accountant. Emphasis is placed on generally accepted auditing standards and the utilization of statistical sampling methods and computers in auditing.
Prerequisite: ACNT 3040.
ACNT 3980 - Senior Seminar: Accounting - 3 credits
This course is designed to build upon previous research assignments in all upper-level accounting courses and provide a capstone experience for accounting majors by challenging them to identify accounting issues, locate and research appropriate accounting concepts, standards, statements, pronouncements or tax authorities, and then provide a thorough analysis for determination of an appropriate conclusion for the decision- making process. Communication of such research and analysis will require students to prepare organized/structured written papers utilizing appropriate APA format and then present such findings to various audiences. Areas of research will include but will not be limited to SFACs, FASs, SASs, the Internal Revenue Code, and Treasury regulations.
Prerequisite: ACNT 3040 and Senior Year Standing.