Accounting (ACCT)


2000

ACCT 2000 Survey of Accounting (3 credits)
Credit will not be given for both this course and ACCT 2001. Students in nonbusiness curricula are advised to enroll in ACCT 2000 if they are given the option of ACCT 2000 or ACCT 2001, unless they plan to pursue a business degree at a subsequent date. All students in the E. J. Ourso College of Business are required to take ACCT 2001. Introduction to the meaning of the values presented in financial statements; management accounting concepts and internal decision making; fundamentals of individual income taxes.
ACCT 2001 Introductory Financial Accounting (3 credits)
Prereq.: MATH 1021 or equivalent. An honors course, ACCT 2002, is also available. Credit will not be given for both this course and ACCT 2000 or ACCT 2002. Required of all students in the E. J. Ourso College of Business. Students in nonbusiness curricula are advised to enroll in ACCT 2000 if they are given the option of ACCT 2000 or ACCT 2001, unless they plan to pursue a business degree at a subsequent date. Financial accounting with emphasis on knowledge required for completion of the accounting cycle, including income measurement and financial statement preparation; accounting for current and plant assets, current and long-term liabilities, stockholders' equity, and cash flows.
ACCT 2002 [Not Offered] HONORS: Introductory Financial Accounting (3 credits)
Same as ACCT 2001, with special honors emphasis for qualified students. Credit will not be given for this course and ACCT 2001.
ACCT 2101 Introductory M anagerial Accounting (3 credits)
Prereq.: ACCT 2000 or 2001 or equivalent. Not for students majoring in Accounting or Finance. An honors course, ACCT 2102, is also available. Credit will not be given for both this course and ACCT 2102. Principles and methods of accounting primarily concerned with data gathering and presentation for purposes of internal management evaluation and decision making.
ACCT 2102 [Not Offered] HONORS: Introductory M anagerial Accounting (3 credits)
Same as ACCT 2101, with special honors emphasis for qualified students. Credit will not be given for this course and ACCT 2101.

3000

ACCT 3001 Intermediate Accounting�Part I (3 credits)
Prereq.: grade of �C� or above in ACCT 2001 or equivalent; MATH 1431. College of Business students or permission of department. An honors course, ACCT 3002, is also available. Credit will not be given for both this course and ACCT 2021 or ACCT 3002. Accounting principles underlying preparation of financial statements; their application in measurement and reporting of selected balance-sheet items and related revenue and expense recognition.
ACCT 3002 [Not Offered] HONORS: Intermediate Accounting�-Part I (3 credits)
Same as ACCT 3001, with special honors emphasis for qualified students. Credit will not be given for this course and ACCT 3001.
ACCT 3021 Intermediate Accounting�Part II (3 credits)
Prereq.: grade of �C� or above in ACCT 3001. Continuation of ACCT 3001. Accounting for liabilities, income taxes, pensions, leases, stockholders' equity, earnings per share, accounting changes and corrections of errors, and income and balance sheet presentations.
ACCT 3121 Cost Analysis and Control (3 credits)
Prereq.: grade of �C� or above in ACCT 3001. Nature, objectives, basic systems, and procedures of cost accounting and control for manufacturing firms; cost-volume-profit relationships; standard costs and variance analysis; direct costing; relevant costs; activity-based costing.
ACCT 3122 Accounting Information Systems (3 credits)
Prereq.:grade of �C� or above in ACCT 3001 and ISDS 1100. Majors only or permission of department. Analysis and design of standard accounting systems; emphasis on computerized systems and internal control issues.
ACCT 3201 [Not Offered] Fundamental Tax Problems and Tax Planning for Individuals (3 credits)
Not open to accounting majors. Not intended to satisfy the requirements to sit for the CPA exam. For students with little or no previous work in accounting. Credit will not be given for both this course and ACCT 3221. General course in taxation; emphasis on aspects of taxation affecting the individual; federal and state income, estate, inheritance, gift, excise, and payroll taxes.
ACCT 3221 Income Tax Accounting I (3 credits)
Prereq.: registration in or grade of �C� or above in ACCT 3001. C redit will not be given for both this course and ACCT 3201. Fundamentals of federal income taxation with respect to individuals and other entities, income inclusions and exclusions, and statutory deductions in arriving at tax liability.
ACCT 3222 Auditing (3 credits)
Prereq.: grade of �C� or above in ACCT 3021 and 3122. Theoretical and practical development of the independent audit function; generally accepted auditing standards; collection and evaluation of audit evidence; understanding internal control; risk assessment; transaction cycles; and reporting.
ACCT 3233 [Not Offered] Internal Auditing I (3 credits)
Internal auditing standards, ethics, concepts, audit techniques, and reporting practices.

4000

ACCT 4021 Cases in Accounting Policy (3 credits)
Prereq.: accounting major with senior standing. Case approach; integrates financial accounting, systems, auditing, income tax, and management uses of accounting information; emphasis on financial reporting to owners, the financial community, regulatory agencies, and the general public; relationship of accounting to the law.
ACCT 4022 Advanced Accounting (3 credits)
Prereq.: grade of �C� or above in ACCT 3021; MS in accounting students or permission of department. Completion of the core financial accounting sequence; business combinations, consolidated financial statements, segment reporting, foreign operations, and Securities and Exchange Commission procedures.
ACCT 4121 [Not Offered] Advanced Cost Analysis (3 credits)
Prereq.: grade of �C� or above in ACCT 3121. M easurement, interpretation, planning, and control of manufacturing and distribution costs; budgets and budgetary control; comparison of costs of business alternatives.
ACCT 4221 Income Tax Accounting II (3 credits)
Prereq.: grade of �C� or above in ACCT 3221; MS in accounting students or permission of department. Credit will not be given for both this course and ACCT 7203. Fundamentals of federal income taxation, with respect to partners, partnerships, corporations, and shareholders.
ACCT 4225 [Not Offered] Research in Federal Income Taxation (3 credits)
Prereq.: registration in or grade of �C� or above in ACCT 3221. MS in accounting students or permission of department. Credit will not be given for this course and ACCT 7210. Techniques and procedures involved in tax planning and research.
ACCT 4231 Internship in Accounting (3 credits)
Prereq.: permission of instructor and department chair required. Grade of �C� or above in ACCT 3021. Credit will not be given for this course and ACCT 4333 or 7231 or 7333. Pass-fail grading. At least 20 hours per week (3 credits) of learning experience in accounting under the general supervision of a faculty member and direct supervision of a professional in accounting. G rading based on the faculty m ember's evaluation, a written report by the professional supervisor, and a written report by the student.
ACCT 4232 [Not Offered] Advanced Auditing (3 credits)
Prereq.: grade of �C� or above in ACCT 3222; MS in accounting students or permission of department. Independent auditor's legal and ethical obligations to society; responsibility for the detection and reporting of fraud; statistical sampling concepts and applications; extensions of the auditor's function including operational auditing, compliance auditing, and reporting on other types of financial and nonfinancial information.
ACCT 4233 [Not Offered] Case Studies in Auditing (3 credits)
Prereq.: grade of �C� or above in ACCT 3233. Case studies in operational, compliance, and financial audits.
ACCT 4234 Internal Auditing II (3 credits)
Prereq.: grade of �C� or above in ACCT 3233. Operation, organization, and quality control audits; organization theory.
ACCT 4235 [Not Offered] Fraud Auditing and Forensic Accounting (3 credits)
Prereq.: grade of �C� or above in ACCT 3001; MS in accounting students or permission of department. Credit will not be given for this course and ACCT 7235. Proactive and reactive fraud auditing including audit committee and liability related issues; investigative decision making for prevention, detection, investigation, and reporting of fraud.
ACCT 4236 [Not Offered] Environmental and Safety Auditing (3 credits)
Prereq.: grade of �C� or above in ACCT 3233. Compliance and legal issues relative to environmental laws and safety regulations; emphasis on current laws and compliance auditing methodology.
ACCT 4237 GOVERN RISK & CNTRL (3.0 credits)
ACCT 4244 [Not Offered] EDP Auditing (3 credits)
Prereq.: grade of �C� or above in ACCT 3222 or 3233; MS in Accounting students or permission of department. Credit will not be given for this course and ACCT 7244 or ISDS 4244. Electronic data processing (EDP) control, audit applications, and generalized audit software systems.
ACCT 4333 Internship in Internal Auditing (3 credits)
Prereq.: permission of instructor and department chair required. Credit will not be given for this course and ACCT 4231 or 7231 or 7333. Pass-fail grading. At least 20 hrs. per week of learning experience in internal auditing under the general supervision of a faculty member and direct supervision of a professional in internal auditing, Grading based on the faculty member�s evaluation, a written report by the professional supervisor, and a written report by the student.
ACCT 4421 Governmental and Not-for-Profit Accounting (3 credits)
Prereq.: grade of �C� or above in ACCT 3001. C redit will not be given for this course and ACCT 7421. Accounting, budgeting, fiscal processes, and financial records of local, state, and federal governmental bodies and of private nonprofit institutions.
ACCT 4501 Petroleum Accounting (3 credits)
Prereq.: grade of �C� or above in ACCT 3021 and 3121; MS in accounting students or permission of department. Accounting for oil and gas exploration and production; accounting for oil and gas leases, exploration costs, undeveloped properties, drilling and development operations, production, and oil and gas revenues.

7000

ACCT 7011 [Not Offered] INTERMEDIATE ACCT (3.0 credits)
ACCT 7021 Advanced Theory of Accounts (3 credits)
Prereq.: ACCT 3021 and consent of instructor; or ACCT 4022. MS in accounting students or permission of instructor. Corporate reporting strategies and practices by managers; preparation of financial statements; interpretation of corporate financial reports.
ACCT 7122 [Not Offered] Budgeting, Cost Analysis, and Control (3 credits)
Prereq.: ACCT 3121. Use of external accounting systems for decision-making and control.
ACCT 7201 Tax Aspects of Business Entities (3 credits)
Prereq.: ACCT 3021 or equivalent. Basic concepts of business entities, including corporations, partnerships, and S corporations; tax consequences of the formation and operation of a business entity, and distributions to the owners.
ACCT 7202 [Not Offered] Income Taxation of Equity Exchanges and Redemptions (3 credits)
Prereq.: ACCT 7201. Income tax consequences of the sales and exchanges of equity interests, the redemptions of equity interests, and business divisions and liquidations.
ACCT 7203 [Not Offered] Taxation of Corporations and Shareholders (3 credits)
Prereq.: ACCT 3221 or equivalent. Credit will not be given for both this course and ACCT 4221. Basic tax concepts of corporations, including creation, operation, ownership changes, acquisitions, liquidations, reorganizations, and consolidated tax returns.
ACCT 7210 Tax Research, Planning and Business Decision Making (3 credits)
Prereq.: ACCT 3221 or equivalent. Credit will not be given for both this course and ACCT 4225. Fundamental tax research methodology based on the Internal Revenue Code, regulations and rulings, judicial interpretations, annotated and topical tax services, computerized tax research methods, and techniques of communicating research results.
ACCT 7222 Auditing Theory and Standards (3 credits)
Prereq.: ACCT 3222; MS in accounting students or permission of instructor. A comprehensive analysis of the theory and practice of independent auditing.
ACCT 7231 Internship in Accounting (3 credits)
Prereq.: permission of instructor and department chair required. Credit will not be given for this course and ACCT 4231 or 4333 or 7333. Pass-fail grading. At least 20 hours per week (3 credits) of learning experience in accounting under the general supervision of a faculty member and direct supervision of a professional in accounting. Grading based on the faculty member's evaluation, a written report by the professional supervisor, and a written report by the student.
ACCT 7232 [Not Offered] Case Studies in Internal Auditing (3 credits)
Prereq.: ACCT 7233. Primarily for MBA. and MS students. Performance, compliance, prudence, and fraud audits.
ACCT 7233 [Not Offered] Graduate Internal Auditing (3 credits)
Prereq.: consent of instructor. Primarily for MBA. and MS students. Theory of internal auditing; efficiency, effectiveness, and economy audits.
ACCT 7234 Operational Auditing (3 credits)
Prereq.: ACCT 7233. Primarily for MBA and MS students. Operational audit methodology for management audits, functional audits, risk analysis, and auditable unit analysis.
ACCT 7235 Fraud Auditing (3 credits)
Prereq.: ACCT 3001 or equivalent. MS in accounting students or permission of department. Credit will not be given for this course and ACCT 4235. Study of risk and controls relative to the deterrence, prevention, and detection of beneficial and detrimental fraud.
ACCT 7244 [Not Offered] Systems Auditing (3 credits)
Prereq.: ACCT 3222 or 3233, or permission of instructor. Credit will not be given for this course and ACCT 4244 or ISDS 4244. Selected topics in the control and audit of computer systems.
ACCT 7250 [Not Offered] Current Topics in Federal Income Taxation (3 credits)
Prereq.: ACCT 3221 or equivalent. May be taken for a max. of 6 hrs. of credit. Tax research and planning in current major interest areas of tax law.
ACCT 7255 [Not Offered] Fundamentals of Federal Income Tax (3 credits)
Prereq.: ACCT 3221 or equivalent. Relationship among statutes, case law, congressional committee reports, and administrative pronouncements.
ACCT 7256 [Not Offered] Internal Revenue Service Practice and Procedure (3 credits)
MS in accounting students or permission of department. Practices and procedures of the Internal Revenue Service; client representation.
ACCT 7270 [Not Offered] Statement and Report Presentation and Analysis (3 credits)
MS in accounting students or permission of department.
ACCT 7301 [Not Offered] Financial Information Systems (3 credits)
Prereq.: ACCT 3122 or equivalent. MS in accounting students or permission of department. Basic knowledge of computers and databases. Financial information systems, with emphasis on the analysis and design of a system and its use in financial planning, control, and reporting.
ACCT 7310 [Not Offered] Tax Aspects of Personal Financial Planning (3 credits)
Prereq.: ACCT 3221. Basic concepts of estate and gift taxation and income taxes as they affect personal tax planning; emphasis on wealth accumulation.
ACCT 7333 Internship in Internal Auditing (3 credits)
Prereq.: permission of instructor and department chair required. Credit will not be given for this course and ACCT 4231 or 4333 or 7231. Pass-fail grading. At least 20 hrs per week of learning experience in internal auditing under the general supervision of a faculty member and direct supervision of a professional in internal auditing. Grading based on the faculty member�s evaluation and a written report by the professional supervisor, and a written report by the student.
ACCT 7401 Ethics for Professional Accountants (3 credits)
Prereq.: MS in accounting students or permission of department. Case approach to understanding the ethical and regulatory environment of the practice of professional accounting.
ACCT 7421 [Not Offered] Public Sector Accounting and Reporting (3 credits)
Prereq.: ACCT 3001. MS in accounting students or permission of department. Credit will not be given for this course and ACCT 4421. Public sector management competencies for executive directors, managers, accountants, and consultants for government and nonprofit organizations; topics include financial reporting, regulation, managerial, auditing, taxation, and information systems issues in governmental and nonprofit entities.
ACCT 7601 [Not Offered] International Accounting (3 credits)
MS in accounting students or permission of department. Accounting principles, auditing environments, managerial objectives, and financial reporting requirements applicable to multinational corporations; causes of international accounting problems.
ACCT 7900 [Not Offered] INDIV STUDY ACCT (3.0 credits)

8000

ACCT 8900 Pre-dissertation Research (1-9 credits)
May be repeated for credit. Pass-fail grading. Permission of instructor and department chair required.

9000

ACCT 9000 Dissertation Research (1-12 per sem. credits)
�S�/�U� grading.
ACCT 9001 Accounting Research I (3 credits)
For doctoral students only. Research methodologies in accounting and a survey of the accounting research literature.
ACCT 9002 [Not Offered] Accounting Research II (3 credits)
For doctoral students only. Theory and evidence relating to internal decision making and control, financial accounting, and auditing.
ACCT 9003 Accounting Research III (3 credits)
For doctoral students only. Continuation of ACCT 9002. Theory and evidence relating to internal decision making and control, financial accounting, and auditing.
ACCT 9004 [Not Offered] Accounting Research IV (3 credits)
For doctoral students only. May be taken for a max. of 6 hrs. of credit. Seminar in current accounting research topics.