Note: Enrollment in 300 and 400-level accounting courses requires admission to the School of Business or permission of the department chair.
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AC 210 Principles of Industrial Accounting (3)
An introductory study of the measurement of financial position, net income, manufacturing costs, cost behavior, direct costing, standard costs, and budgeting. Emphasis on the managerial uses of accounting data in industry. IT majors only.
AC 211 Introduction to Financial Accounting (3)
Prereq.: MATH 101 (C- or higher). Basic concepts and practice of accounting's role in providing information to external users to aid their decision-making activities. Topics include the preparation of financial statements and accounting for cash, receivables and payables, inventories, prepaid expenses and long-term assets. Business majors cannot receive General Education credit for this course.
AC 212 Introduction to Managerial Accounting (3)
Prereq.: AC 211 (with C- or higher). Basic concepts and practice of accounting's role in providing information to managers to assist in their planning, control, and decision-making activities. Topics include cost accounting systems, cost behavior relationships, analysis for managerial decisions, and the budget process.
AC 300 Intermediate Accounting I (3)
Prereq.: FIN 295 (may be taken concurrently), and AC 212 (both with C- or higher), and admission to the upper division of the Business School. First of a three-course sequence. A comprehensive review of accounting cycle and analytical concepts. Historical development of current financial reporting, FASB’s conceptual framework, preparation of primary financial statements, measurement, recognition, and reporting of assets.
AC 301 Cost Management Systems (3)
Prereq.: AC 300 (may be taken concurrently), and STAT 200 (both with C- or higher). Development of principles of cost management systems. Emphasis on job order, process, activity-based, operations, just-in-time and standard costing procedures. Focus on accounting system choices and the implications of cost information for managing and reporting costs.
AC 302 Introduction to Income Taxation (3)
Prereq.: LAW 250 and AC 212 (both with C- or higher). Analysis of the basic framework utilized in measuring and reporting taxable income of individuals and business entities including gross income, deductions, tax rates, credits, timing issues and procedural matters.
AC 311 Accounting Applications (3)
Prereq.: AC 212 (C- or higher). Current financial reporting processes, issues and applications are studied. Emphasis on bookkeeping processes and technology. Irregular.
AC 312 Intermediate Accounting II (3)
Prereq.: AC 300 (C- or higher) and admission to the upper division of the Business School. Second of a three-course sequence. In-depth coverage of the measurement, recognition, and reporting of inventories, long-lived assets, intangible assets, current and noncurrent liabilities, and shareholders’ equity.
AC 313 Intermediate Accounting III (3)
Prereq.: AC 312 (C- or higher), and admission to the upper division of the Business School. Third of a three-course sequence. In-depth coverage of the measurement, recognition, and reporting of leases, pensions, deferred income taxes, accounting changes, statement of cash flows, and other topics.
AC 340 Accounting Information Systems (3)
Prereq.: AC 312 (may be taken concurrently) and AC 300 (both with C- or higher); MIS 201. Developing data models of evolving business processes and implementing accounting information systems based on the semantic data models. Analysis, development and documentation of internal controls for organizational systems are also emphasized.
400-LEVEL CLASSES ARE FOR UNDERGRADUATE CREDIT ONLY, EXCEPT WHERE NOTED WITH "[GR]"
AC 402 Fundamentals of Corporate Taxation (3)
Prereq.: AC 302 (C- or higher). Analysis of federal tax law relating to the formation, operation, and liquidations of corporations including dividend distributions and stock redemptions.
AC 404 Taxation of Business Pass-Through Entities (3)
Prereq.: AC 302 (C- or higher). Analysis of federal tax law relating to (1) the formation, operation, and liquidation of partnerships and LLCs including current distributions; and (2) the election, operation, and termination of Subchapter S corporations. Irregular.
AC 407 Advanced Accounting (3)
Prereq.: AC 313 (C- or higher). Accounting for partnerships and branches; business combinations and consolidated financial statements; foreign currency transactions and translation of foreign currency financial statements.
AC 410 Fraud Examination (3)
Prereq.: AC 211. Principles and methodology of fraud detection and deterrence. Topics include: skimming, cash larceny, check tampering, register disbursement schemes, non-cash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements and interviewing witnesses. Irregular.
AC 420 Managerial Analysis & Cost Control (3)
Prereq.: AC 301 (C- or higher). Advanced topics in managerial and cost accounting. Emphasis on the use of accounting information for management decision making and cost management in traditional and lean business enterprises. Cases and problems. Fall.
AC 421 Accounting for Lean Enterprises (3)
Prereq.: AC 301 with a grade of C- or higher. Replacing traditional accounting with techniques supporting continuous improvement and a lean culture, including value stream performance measurement and costing, features and characteristics costing, and target costing. Linked with AC 521. AC 421 and 521 cannot both be taken for credit. Spring.
AC 430 Accounting for Non-Profit Institutions (3)
Prereq.: AC 313 (C- or higher). Comprehensive survey of governmental and other non-profit institution accounting as it relates to budgeting, cost accounting and financial reporting. Statutory influences which direct and control operation funds, bonded debt, fixed assets, investments, revenue and expenditure classification, general property taxes, and inter-fund relationships are subjected to detailed study.
AC 445 Auditing (3)
Prereq.: AC 313 (may be taken concurrently), AC 340, STAT 201 (all with C- or higher). Introduction to the audit process and reporting using PCAOB and ASB auditing standards. Topics include demand for audit and other assurance service, legal and regulatory environment, professional ethics, and rules of conduct.
AC 455 Internal Auditing (3)
Prereq.: AC 313 (may be taken concurrently), AC 340, STAT 201 (all with C- or higher). Role and responsibilities of internal auditors in financial auditing. Understanding the need and role of governmental auditing. Topics include operational audits, compliance audits, performance audits.
AC 490 Current Accounting Topics (3)
Prereq.: Permission of instructor. Seminar course that will focus on current topics in financial accounting, tax, managerial accounting, accounting systems. Course content will vary from semester to semester. May be repeated with different topics for a maximum of 6 credits. Irregular.
AC 497 Independent Study in Accounting (3)
Prereq.: Senior standing and permission of instructor. Research-oriented project in a special area of accounting. On demand.
AC 498 Internship in Accounting (3)
Prereq.: AC 312 (C- or higher); permission of internship instructor and department chair. Accounting majors with approved contracts work with an accounting organization for at least 150 hours. Minimum eight weeks. Internships are opportunities for students to gain practical work experience to enhance their academic studies. Students already in an accounting position may not receive credit for continuing in the same position.
AC 521 Accounting and Performance Measurement for Lean Enterprises (3)
Prereq.: Admission to the M.S. program in Technology Management. Performance metrics and financial reporting supporting continuous improvement and a lean culture, including value stream performance measurement and costing, features and characteristics costing, and target costing. Linked with AC 421. No credit given to students with credit for AC 421. Spring.