Academic Catalog

Accounting (ACCT)

ACCT 121  Fundamentals of Accounting  3 cr.  

This course is an introduction to the concepts of accounting principles and methods. Specific content includes a thorough explanation of the accounting cycle and how it pertains to service and merchandising business. Special subject areas include reconciliation statements, notes, and interest; adjusting and closing entries; and a variety of financial statements. This course serves as a recommended preparatory course for ACCT 161. Code 1 course fee.

ACCT 161  Principles of Accounting I  3 cr.  

This course starts with the accounting cycle of a service operation; it continues with topics concerning merchandising operations, inventory, cash, and receivables. In addition, this course covers the acquisition, allocation, and disposal of property, plant, equipment, natural resources, and intangible assets. CSIT 123, Integrated Office Software, is recommended for students taking this course. Code 3 course fee.

Prerequisite(s): MATH 012,or MATH 023 and ENGL 095 with a grade of "C" or better, or Math and English placement requiring no remediation., ENGL 095 or English placement requiring no remediation
ACCT 162  Principles of Accounting II  3 cr.  

Continuation of ACCT 161. The formation, operation, and dissolution of partnerships; accounting for stock transactions; dividends; long-term liabilities; investments; statement of cash flows; analysis of financial statements; cost-volume-profit analysis; and budgeting. Code 1 course fee.

Prerequisite(s): ACCT 161
ACCT 261  Intermediate Accounting I  3 cr.  

This course covers, in depth, the topics introduced in ACCT 161 and includes the theoretical basis for these accounting principles as regulated by the accounting industry. Code 1 course fee.

Prerequisite(s): ACCT 162
ACCT 262  Intermediate Accounting II  3 cr.  

A continuation of ACCT 261. The topics covered in this course include current and long-term liabilities, stock transactions, earnings per share, revenue recognition, income taxes, pensions, leases and statement of cash flows. Code 1 course fee.

Prerequisite(s): ACCT 261
ACCT 263  Cost Accounting  3 cr.  

This course covers accounting for manufacturing enterprises. It provides a detailed explanation of the cost components of manufacturing operations: direct materials, direct labor, and manufacturing overhead. The full cycle of the manufacturing entity is illustrated for both job order and process cost systems.

Prerequisite(s): ACCT 162
ACCT 265  Auditing  3 cr.  

This course focuses on how audits are conducted and the issues that are of greatest concern to practicing auditors. It covers the most recent developments in auditing theory, standards, and procedures and reports.

Prerequisite(s): ACCT 262
ACCT 266  Federal Income Tax Accounting  3 cr.  

A study of federal income tax law as it applies to the individual. Recognition of items of income and deductions including capital gains, losses and tax allowances. Code 1 course fee.

Prerequisite(s): ACCT 162
ACCT 271  Forensic Accounting  3 cr.  

This course is designed to provide an overview of the field of forensic accounting. It will focus on the different types of fraud schemes committed by companies and individuals. This course will also cover the ways to prevent and deter fraud from happening.

Prerequisite(s): ACCT 265
ACCT 273  Legal Aspects of Financial Fraud  3 cr.  

This course provides an introduction to the legal environment surrounding the Forensic Accounting profession. This course primarily focuses upon how the Forensic Accountant is used as an expert witness and the various business crimes that a practitioner of Forensic Accounting may be hired to investigate. It will demonstrate interview principles and techniques. Additionally, students will be exposed to some of the legal aspects pertaining to the identification and prosecution of fraud.

Prerequisite(s): Take ACCT 265
ACCT 275  Fraud Examination  3 cr.  

This course provides an overview of fraud examination. Students will learn how and why fraud is committed, and how fraudulent conduct can be prevented. Students will examine types of fraud, sources of evidence and analysis of internal and external fraud schemes with an emphasis on the skills needed to identify and investigate fraud.

Prerequisite(s): ACCT 271
ACCT 277  Digital Forensic Analysis  3 cr.  

This course will provide an overview of digital forensics to aid the student in understanding the process of data creation, recovery and analysis, and the benefits of that knowledge during a forensic accounting engagement. The course will allow students to gain an understanding of working with investigations related to data forensics, internet/web forensics, mobile devices, and networks.

Prerequisite(s): ACCT 271