Note: Semesters listed are when courses are normally offered. However, course offerings may change due to low course enrollment or unexpected staffing changes.

221 ACCOUNTING PRINCIPLES I (3)

FALL

An introductory course to the principles of financial accounting. A general ledger software package is utilized to provide students with the opportunity to work with a computerized accounting system. Topics to be covered include the accounting cycle, accounting systems and principles, current and long-term assets, current and long-term liabilities, owner’s equity, and the preparation and interpretation of the balance sheet, income statement, and statement of owner’s equity. Prerequisites: Mathematics 111 or 141 (or current enrollment) and sophomore standing.

222 ACCOUNTING PRINCIPLES II (3)

SPRING

This course extends the accounting knowledge acquired in the financial accounting course to the internal corporate environment. Students gain an understanding of the importance of accounting information to internal management decision-making. Spreadsheet and general ledger software packages are utilized to provide students with the opportunity to work with computer applications. Prerequisites: Accounting 221, and Computer Science 104 or equivalent experience.

321 INTERMEDIATE FINANCIAL ACCOUNTING I (3)	FALL
The conceptual framework underlying the accounting interpretation of financial transactions is emphasized in this course, along with the political nature of the environment within which accounting regulations are developed. Accounting standards then are applied to investigate the complexities of accounting for corporate assets and liabilities. Prerequisite: Accounting 222.

322 INTERMEDIATE FINANCIAL ACCOUNTING II (3)

SPRING

This course is a continuation of the material presented in Accounting 321. The conceptual framework underlying accounting is utilized to analyze the accounting treatment of equity transactions, income taxes, pensions, and leases. The statement of cash flows is presented and the full disclosure principle is studied and implemented. Concepts of accounting information systems (AIS) are covered, which include AIS transaction processing, AIS controls, and security within AIS. Prerequisite: Accounting 321.

331 TAXES I (3)	SPRING-ODD
In this course, students study and apply the basic principles of federal income tax law as it relates to individuals. Hands-on experience in the preparation of individual tax forms also will be provided. Prerequisite: Accounting 222 (or current enrollment).

332 TAXES II (3)	FALL-ODD
This course will focus on tax issues unique to the corporate form of business organization, including analysis of the tax treatments, problems, planning techniques, and underlying governmental policies involving corporations and their shareholders. Specific topics will include the formation, operation, distribution, and liquidation of corporations. Prerequisite: junior standing.

341 ADVANCED COST ACCOUNTING (3)	SPRING-EVEN
Subjects relevant to internal decision-making are discussed, and topics introduced in Accounting 222 are dealt with in greater depth. A major objective of this course is to prepare students for the Certified Management Accountant examination. Prerequisites: Accounting 222 and Mathematics 151.

343 PRINCIPLES OF AUDITING (3)

FALL-EVEN

The principles, practices, and procedures used in the auditing of a client’s financial records according to generally accepted auditing standards are covered. The preparation of the related working papers and the final audit report are the primary topics of discussion. The code of professional ethics and auditor’s liability also are examined. Current GAAS pronouncements will be discussed and evaluated. Prerequisite: Accounting 222.

352 ADVANCED FINANCIAL ACCOUNTING (3)	FALL
This course will focus on accounting issues unique to the legal formation of business organizations not covered at the intermediate level, including partnerships, state and local governments, not-for-profits, and consolidations. Prerequisite: Accounting 322.

399 INDEPENDENT STUDY IN ACCOUNTING (1)	FALL/SPRING
This is an opportunity for the student to do guided independent research of business topics particularly related to accounting practice. It will be the student’s responsibility to define and outline the research project and to arrange for a faculty supervisor. Departmental approval of the research proposal is required. Prerequisites: senior standing and 3.0+ GPA.

425 INTERNSHIP IN ACCOUNTING (4)	SPRING/SUMMER
The student will spend a semester serving in an entry-level accounting position in an accounting firm, under the direction of the firm and the business department. Responsibilities will include periodic on-campus seminars. Prerequisites: senior standing and business department faculty approval.