Accounting Minor

Eighteen (18) credits are required for completion of a minor in Accounting. Students interested in preparing for the CPA examination should consult with the Accounting Department Chair for assistance. Completion of this minor alone may not necessarily facilitate adequate preparation for the professional credential. The minor must be completed within the student's graduation timetable.

Summary of Requirements

Elective Courses: 9 credits

• ACCT2025

  ACCOUNTING WITH COMPUTERS

  ACCT2025
  ACCOUNTING WITH COMPUTERS

  Credits (Min/Max): 3/3

  A hands-on experience of the integration of technology into the accounting field. This course enables students to work through a complete accounting cycle using a commercial accounting software package. Topics include the preparation of accounting information and its subsequent uses, as well as the instruction of advanced skills needed to use spreadsheet software to prepare schedules commonly found in an accounting environment.

  PREREQUISITES:

  ACCT2004

• ACCT3001

  TAXATION I

  ACCT3001
  TAXATION I

  Credits (Min/Max): 3/3

  This introductory taxation course examines the basic income tax provisions of the federal Internal Revenue Code, with a particular focus on those provisions that affect the tax liabilities of individual taxpayers. This course focuses on some of the basic forms that must be submitted by taxpayers, recognition of present real world tax issues, planning strategies to ensure compliance with applicable law and regulations while minimizing the taxpayers' exposure to liability, and the evaluation of the practical and ethical issues that may be encountered in implementing tax strategies.

  PREREQUISITES:

  ACCT2004

• ACCT3002

  TAXATION II

  ACCT3002
  TAXATION II

  Credits (Min/Max): 3/3

  This course examines the basic income tax provisions of the federal Internal Revenue Code, with a particular focus on those provisions applicable to partnerships, corporations, and other entities. This course focuses on choice of entity issues, tax accounting and procedural issues, planning strategies, and the evaluation of the practical and ethical issues that may be encountered in implementing tax strategies.

  PREREQUISITES:

  ACCT2004

• ACCT3011

  INTERMEDIATE ACCOUNTING I

  ACCT3011
  INTERMEDIATE ACCOUNTING I

  Credits (Min/Max): 3/3

  The first of a two-course in-depth financial accounting sequence that examines the foundations of accounting theory and practice from the viewpoint of preparers and users of financial statements. This course focuses on a detailed examination and application of Generally Accepted Accounting Principles as they relate to the asset side of the balance sheet. Topics include the more complex details and attributes of accounting conceptual framework, financial statements and required disclosures, time value of money, cash, revenue recognition, receivables, inventory, and long-lived assets.

  PREREQUISITES:

  ACCT2004

• ACCT3012

  INTERMEDIATE ACCOUNTING II

  ACCT3012
  INTERMEDIATE ACCOUNTING II

  Credits (Min/Max): 3/3

  The second of a two-course in-depth financial accounting sequence that examines the foundations of accounting theory and practice from the viewpoint of preparers and users of financial statements. This course focuses on a continuation of the detailed examination and application of Generally Accepted Accounting Principles as they relate to the liability and equity side of the balance sheet, along with the impact on the other financial statements. Topics include long-term debt, share-based compensation, earnings per share, leases, prior period adjustments, accounting changes, and the statement of cash flows.

  PREREQUISITES:

  ACCT2004

• ACCT3014

  COST ACCOUNTING

  ACCT3014
  COST ACCOUNTING

  Credits (Min/Max): 3/3

  Continuing to examine the internal uses of accounting information, this course focuses on the managerial roles of planning, controlling, motivating, and decision making. Topics include a detailed examination and application of internal costing systems, the master budget and responsibility accounting, inventory cost and capacity analysis, customer profitability analysis, allocation of common cost, and the costs of quality and time as components of the balanced scorecard.

  PREREQUISITES:

  ACCT2013

• ACCT4001

  ADVANCED ACCOUNTING

  ACCT4001
  ADVANCED ACCOUNTING

  Credits (Min/Max): 3/3

  A continued examination of Generally Accepted Accounting Principles, this course focuses on complex and specialized accounting topics along with the procedures required for professional accounting certification. Topics include business combinations, governmental, not-for-profit organizations, foreign currency transactions and advanced specialized accounting issued relating to investments, plant assets, and cash flows.

  PREREQUISITES:

  ACCT3012

• ACCT4002

  AUDITING

  ACCT4002
  AUDITING

  Credits (Min/Max): 3/3

  Providing a thorough knowledge of auditing, this course focuses on the application of auditing principles, the attest function, and Generally Accepted Auditing Standards (GAAS). Topics include auditing and assurance services, professional standards, engagement planning, management fraud and audit risk, internal control evaluation, employee fraud, and reports on audited financial statements.

  PREREQUISITES:

  ACCT3012

Required Courses: 9 credits

• ACCT2003

  ACCOUNTING I

  ACCT2003
  ACCOUNTING I

  Credits (Min/Max): 3/3

  The first of a two-course introductory financial accounting sequence that examines financial accounting from the viewpoint of preparers and users of financial statements. This course focuses on a basic introduction to Generally Accepted Accounting Principles along with the principles and concepts of recording, processing, and reporting accounting information. Topics include the accounting cycle, including financial statement preparation; merchandising operations, including inventory systems and cost flow assumptions; special journals; internal control systems; cash and bank reconciliations; and receivables and uncollectible accounts.

  PREREQUISITES:

• ACCT2004

  ACCOUNTING II

  ACCT2004
  ACCOUNTING II

  Credits (Min/Max): 3/3

  The second of a two-course introductory financial accounting sequence that examines financial accounting from the viewpoint of preparers and users of financial statements. This course focuses on a continuation of basic Generally Accepted Accounting Principles along with the principles and concepts of recording, processing, reporting, using, and analyzing accounting information. Topics include long-lived assets, current and long-term liabilities, partnership and corporate equity transactions, the statement of cash flows, and ratio analysis.

  PREREQUISITES:

  ACCT2003

• ACCT2013

  MANAGERIAL ACCOUNTING

  ACCT2013
  MANAGERIAL ACCOUNTING

  Credits (Min/Max): 3/3

  An examination of the internal uses of accounting information, this course focuses on the relationship between accounting data and management's information needs in support of planning, controlling, motivating, and decision making. Topics include costing systems and behaviors; product costs, period costs, and overhead application methods; cost-volume-profit analysis; budgeting; standards and variance analysis; and managerial decision making.

  PREREQUISITES:

  ACCT2003