Plan of Study – Accounting

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.

Accounting: Minor

Minor Courses (Minimum of 23 semester hours required.)

ACC 2010 Principles of Accounting I (3 s.h.)

An introduction to the theory and concepts of financial accounting, including generally accepted accounting principles and issues as to classification, recognition, realization, measurement, and reporting. Emphasis on the accounting process, including preparation of basic financial statements and the accounting for and analysis of transactions affecting assets, selected liabilities, and equity. Prerequisite: MTH 1050 or equivalent.

ACC 2020 Principles of Accounting II (3 s.h.)

An expanded study of accounting with emphasis on parterniships and corporate accounting. Topics include capital acquisitions, equity accounting, analysis and interpretation of financial statements, and cash flow analysis. Prerequisites: ACC 211

ACC 3050 Intermediate Accounting (4 s.h.)

An intermediate level examination of the financial statements: Income Statement, Statement of Stockholder’s Equity, Balance Sheet and the Statement of Cash Flows. Topics include valuation methods of Assets, Liabilities, Equity, Revenue and Expenses. Accounting methods include capital maintenance, comprehensive income, cash-to-accrual, time value of money methods, direct and indirect methods used for the Statement of Cash Flows, asset exchanges and changes in accounting principles. Weighted average accumulated expenditures, actual and avoidable interest calculations. Earnings per share (diluted), debt and equity financing. Prerequisite: ACC 2020.

ACC 3410 Accounting Information Systems (3 s.h.)

Involves a study of fundamental principles of accounting and information systems data and analysis as they relate to business enterprises and processes. Design and control of systems for the origination, development, and use of accounting information systems are studied. Emphasis is placed on the inter-relationship among the components of accounting systems; the use of technology in the design, maintenance, and reporting of accounting information; and the importance of internal controls to mitigate risk.

ACC 3590 Taxation (4 s.h.)

This course examines the United States tax laws and introduces the fundamental taxation concepts including the definition of income, computation of tax liability, exclusions from income, basis, deductions available, and the assignment of income. Emphasis is placed on the taxation of individuals and various business entities.

BL 3330 Business Law (3 s.h.)

Study of the law and the legal process as it relates to business and society. Emphasis on the law of contracts, sales under the UCC, negotiable instruments, secured transactions, and agency. Basic concepts of the law of crimes and torts, including product liability, are covered. Prerequisite: MKT 2440 and MGT 2360.

MGT 2360 Principles of Management (3 s.h.)

An introduction to the nature and principles of management; history, theories, practices, problems, and techniques; characteristics and qualities of managers; contemporary trends in management thought and practice.