Plan of Study – Accountancy

Note: A Semester Hour (s.h.) is a unit of academic credit representing an hour of class (such as lecture class) or three hours of laboratory work each week for an academic semester. Most courses are two, three or four semester hours.

Accountancy: Bach Sci

Accountancy: Bachelor of Science

Major Courses (Minimum of 34 semester hours required.)

ACC 3030 Intermediate Accounting I (3 s.h.)

The in-depth study of financial accounting with emphasis on the asset side of the balance sheet. Current changes and status of financial statement content and presentations are discussed. Topics include the income statement and balance sheet, present value concepts, fixed assets, investments, long-term liabilities, and disclosure requirements to the financial statements. Prerequisite: ACC 212

ACC 3040 Intermediate Accounting II (3 s.h.)

Continued in-depth study of financial accounting with emphasis on the equity attributes of the balance sheet. Topics include equities, stock transactions, earnings per share, leases, pensions, and the statement of cash flows. Prerequisite: ACC 311

ACC 3400 Accounting Information Systems (4 s.h.)

A study of fundamental principles of accounting and information systems data. Analysis related primarily to corporations and to cost accounting and management accounting topics encountered by accounting and computer personnel: design and control of systems for the origination, development, and use of accounting information systems, including an analysis of computer usage for accounting applications. Emphasis on the interrelationships among the components of an accounting system and the use of the personal computer in the maintenance and reporting of accounting information. Prerequisites: CIS 2380 and ACC 2010.

ACC 3580 Taxation I (3 s.h.)

A study of the principles of taxation emphasizing the individual as a taxable entity. Included is a study of tax law as it pertains to inclusions in gross income, exclusions from gross income, and deductions available to the taxpayer. Prerequisites: ACC 2020 and BL 3330 or instructor’s consent. Must be taken at Madonna University.

ACC 3610 Taxation II (3 s.h.)

Continued study of principles of taxation; emphasis on business entities, estates, and trusts. Prerequisite: ACC 3580.

ACC 4050 Advanced Accounting (3 s.h.)

Advanced accounting theory and current Generally Accepted Accounting Principles (GAAP) to business combinations and consolidated financial statements, partnership accounting, foreign currency transactions and translation, bankruptcy, and derivative transactions, including options and swaps. Prerequisites: ACC 3030 and ACC 3040.

ACC 4500 Auditing (3 s.h.)

Analysis of the audit process, the audit examination, and procedures for completing the audit test. Emphasis on generally accepted auditing standards and professional ethics. Prerequisite: ACC 3040.

ACC 4700 Cost Accounting (3 s.h.)

Study of various costing methodologies and their interrelationship to managerial issues for planning, managing, controlling, and evaluating business operations. Topics include standard costing and variance analysis, sales variances, process costing issues, allocation methods for service departments and joint/by-product costs, determination of cost functions, pricing, interrelationship with operations research, and strategic control systems. Prerequisites: FIN 3150 and QS 2500. Must be taken at Madonna.

ACC 4730 Research Seminar (3 s.h.)

Prerequisites for all seminars: Junior level or full-time work experience. Students are limited to a total of 4 s.h. of seminars.

FIN 3700 Life Cycle Financial Planning (FCS/FIN*) (3 s.h.)

Basic planning of personal finances to satisfy personal and family life cycle goals. Topics include: budgeting, consumer credit, investments, insurance, personal residences and real estate, retirement plans, and individual income taxes. The life cycle of personal investment strategies is explored.

MGT 4950 Business Policy (3 s.h.)

Integrates all the various disciplines of business administration utilizing a case study approach. Students are expected to have completed all required course work in business administration prior to taking this course to be able to analyze central problems of for- and not-for-profit enterprises and to apply strategic management to develop business policy.