Academics

4 semester hours

This course involves the study of financial accounting. Students are introduced to 1) the role of financial accounting and reporting in business and society, 2) the basic concepts and techniques of financial accounting, and 3) the preparation and use of financial statements. Topics covered include accrual basis of accounting, the financial accounting cycle, internal controls, ratio analysis, and the reporting and analyzing of financial statement elements.

Prerequisites: BCOR 1910 (or may be taken concurrently) and MATH 112 or MATH 120 or MATH 131, all with a minimum grade of C (2.0).

4 semester hours

This course involves the study of managerial accounting. Accounting information is used by management to make decisions that guide the organization through planning, organizing, directing, and controlling activities. Decision making requires a future orientation to the information, with relevant and flexible data. Topics covered include cost classification, costing and pricing, estimation models, cost-volume-profit analysis, segment reporting, performance evaluation, operational and capital budgeting, and non-routine business decisions. This course draws heavily from economics, finance, management, and marketing.

Prerequisites: BCOR 2110 and MATH 112 or MATH 120 or MATH 131, all with a minimum grade of C (2.0).

University Core fulfilled: Flag: Information Literacy.

4 semester hours

This course begins the in-depth study of financial accounting and reporting. Topics covered include the environment of the standard setting process for financial reporting, the conceptual framework, basic financial accounting concepts, accounting cycle procedures, financial statement preparation and financial disclosures, basic ratio analysis, revenue recognition, present value applications, and accounting standards and procedures for cash, notes and accounts receivable, and inventories. Uses and limitations of the balance sheets, income statements, and statements of cash flows are studied. Researching accounting issues through the use of the FASB’s Codification database is integrated throughout the course.

Prerequisite: BCOR 2120 with a minimum grade of C (2.0).

4 semester hours

This course continues the in-depth study of financial accounting and reporting introduced in ACCT 3110. The conceptual and procedural aspects of some of the complex and controversial topics in financial accounting are studied from both the U.S. and an international accounting perspective. Topics include the accounting for property, plant, and equipment, intangible assets, investments, long-term debt, leases, deferred income taxes, contingent liabilities, and several issues relating to stockholders’ equity. Coverage of these topics includes an historical perspective, current practice, awareness of limitations in current practice, and possible future directions. Researching accounting issues through the use of the FASB’s Codification database is integrated throughout the course.

Prerequisite: ACCT 3110 with a minimum grade of C (2.0).

4 semester hours

This course continues the process of analyzing economic events within the framework of accounting information systems and the use of information in the management decision-making process. Students are expected to analyze and evaluate business operations and activities. The topics will include those of the traditional product costing methods as well as cost management topics. Advanced topics of decision making structure, together with the measurement of performance, and the new competitive environment are covered during the last part of the semester. This course draws heavily from other disciplines, especially the fields of management and economics.

Prerequisite: BCOR 2120 with a minimum grade of C (2.0).

4 semester hours

This course introduces students to the fundamentals of accounting information systems including design, operation, and control of enterprise accounting systems. It focuses on business cycles, transaction processing, database design, documentation, business process, risk assessment, and internal controls. Various computer applications are used to provide hands-on experience in accounting information collection, processing, and reporting to reinforce financial and managerial accounting concepts. The course also examines emerging technologies in accounting as well as data and analytics concepts and tools.

Accounting majors and minors only.

Prerequisite: BCOR 2120 with a minimum grade of C (2.0).

4 semester hours

This course completes the undergraduate study of financial accounting and reporting. An emphasis is placed on consolidated financial statements. Additional topics covered include foreign currency transactions, translation of the financial statements of foreign entities, and governmental accounting for local and state governments. International financial reporting standards are integrated into the course content as applicable.

Prerequisite: ACCT 3120 with a minimum grade of C (2.0).

4 semester hours

The course focuses on Federal income tax planning and compliance for individuals and business entities, such as partnership and corporations. It involves study of the accounting, economic, legal, and political aspects underpinning taxation systems in order to better understand the role of taxation in personal and business decisions.

Prerequisite: ACCT 3110 with a minimum grade of C (2.0).

4 semester hours

Financial statements provide information about entities’ performance, the financial position, results of operations, and the cash flow of an organization to stakeholders. Analysis of financial data is a useful methodology in interpretation of financial reports and comparison of the results within the industry for assessing trends of the business performance. This course provides students with hands-on experience in financial statement analysis as students will be exposed to tools of financial analysis, theoretical concepts, and practical issues regarding measurement, valuation, and earnings management. Internal and external users of financial reports benefit from analyzing the relationships between and among components of financial statements and appraisal of financial performance.

Prerequisite: ACCT 3110 with a minimum grade of C (2.0).

4 semester hours

This course examines the role of accountants and the accounting profession in society. Students learn about the history, legal, and ethical responsibilities of the accounting profession. Major ethical theories are introduced and analyzed before applying them to ethical and justice issues that arise in accounting and business practice. Students are encouraged to adopt the objectivity, integrity, and ethical standards necessary to serve society as an accounting professional.

Prerequisite: ACCT 3110, with a minimum grade of C (2.0).

University Core fulfilled: Integrations: Ethics and Justice.

4 semester hours

This course covers the Audit Profession and the responsibilities of the Auditor, Ethics and the role of other audit professions. It also covers the tools and techniques for conducting an audit, sampling techniques and their application, the areas to be audited and the reporting requirements after an audit is completed. Discussions are also conducted on the requirements for audits of public companies under Sarbanes-Oxley (2002), the use of technology and its impact on the audit process, and the role of regulatory bodies in maintaining the accountability of the accounting profession.

Prerequisites: ACCT 3120, ACCT 3130, ACCT 3140, and ECON 2300 or ECON 2350 or MATH 104, with a minimum grade of C (2.0).

3 semester hours

This course covers the major methods employees use to commit occupational fraud. Specific methods covered include: financial statement fraud, asset misappropriation, and corruption schemes. Students will learn how and why occupational fraud is committed, how to assess where an organization is at the greatest risk for fraud, how fraudulent conduct can be deterred, and how allegations of fraud should be investigated and resolved.

Prerequisites: ACCT 3110 and ACCT 3140, both with a minimum grade of C (2.0).