Accounting

This course focuses on fundamental accounting concepts and principles. Participants will learn how the economic transactions of an enterprise are reported in the financial statements and related disclosures. Participants will develop a basic set of skills that can be used to analyze financial statements and to be prepared for more advanced financial statement analysis. {BUAD majors ACCT 101 or ACCT 201 and ACCT 202 may satisfy the accounting requirement in the Business Core. ACCT majors must take ACCT 201 and ACCT 202.} 

Advanced spreadsheet topics within accounting and business contexts. Focus on spreadsheet preparation and analysis to enhance decision-making skills related to all functional areas of a business. Examples include depreciation calculations, loan amortization schedules, and the use of pivot tables.

Fundamentals of accounting theory for sole proprietorships and partnerships. Classification of accounts; analysis and recording of business transactions; development of financial statements. Use of spreadsheet to organize data and solve problems.

Fundamentals of accounting theory for corporations, including budgeting, process cost accounting, analysis of financial statements and cash flows, including the time value of money. 

Accounting theory and procedures, including inventory valuation, corporate investment, valuation of tangible and intangible assets, long-term debt, corporate capital, reserves, funds flow, and financial statement analysis.

Accounting theory and procedures, including inventory valuation, corporate investment, valuation of tangible and intangible assets, long-term debt, corporate capital, reserves, funds flow, and financial statement analysis.

Background and history of income taxation; current income tax law, preparation of federal and state income tax returns.

Ethical issues in business and accounting. Exploration of moral values and codes of ethics. Emphasis on identifying issues, stakeholders, and the distinction between legality and professional responsibility. 

Budgeting and policymaking; job order, process, and standard cost systems.

Examination of theory and procedures used in accounting for business combinations and consolidated financial statements, segment and interim reporting, reporting requirements of the Securities and Exchange Commission, and international accounting standards.

Examination of theory and procedures used in accounting for business combinations and consolidated financial statements, segment and interim reporting, reporting requirements of the Securities and Exchange Commission, and international accounting standards.

Supervised independent study of area of individual interest in accounting.

Work experience related to the student's major, jointly supervised by the department and a professional in the field. Although the usual internship will carry either three or six hours credit, a student may elect to arrange an internship carrying between two and six hours credit with the permission of the department. Each hour of credit will require forty hours at the internship site.

Work experience related to the student's major, jointly supervised by the department and a professional in the field. Although the usual internship will carry either three or six hours credit, a student may elect to arrange an internship carrying between two and six hours credit with the permission of the department. Each hour of credit will require forty hours at the internship site.

Independent research in a special topic for honors.

Independent research in a special topic for honors.