ACCT - Accounting

This course focuses on accounting and financial theory. The entire accounting cycle is covered with an emphasis on a user presentation. Financial statement interpretation and an in-depth examination of balance sheet accounts also receive significant coverage.

This course emphasizes cost and managerial accounting, coverage of partnership accounting, corporations and long-term obligations, and financial statement analysis from several perspectives.

Students are introduced to laws affecting businesses and individuals, with a focus on contracts (legality, formality and interpretation, nature and transfer, discharge, breach and remedies) and agency and employment law.

An introduction to property, including personal property, real property and estate planning, this course includes discussion of negotiable instruments (their use and significance), the regulatory environment surrounding businesses, and information regarding business entities, including partnerships and corporations.

An underlying review of accounting principles, this course reviews the accounting process, with an emphasis on financial statement preparation and provides an in-depth study of the valuation, presentation and transactions related to current and long-term assets.

Continued analysis of balance sheet accounts focusing on current liabilities, long-term liabilities and stockholder's equity accounts; in-depth study of income statement topics including deferred revenue recognition, accounting for leases, pension plans, and deferred income taxes; review of financial statement ratios and statement of cash flows.

Students study accounting techniques used to aid management in decision-making (including break-even analysis, product costing and cost control, relevant costing for decision making, capital budgeting and joint cost allocation). The course approaches these topics from a manufacturing viewpoint and discusses how these topics relate to other industries, such as retail and service.

This course covers international financial accounting concepts including foreign currency transactions, interpreting foreign financial statements, presentation of domestic/foreign financial statements and the role of the accountant as a financial professional in international monetary transactions are explored.

This course covers accounting concepts with respect to partnership formation and dissolution and provides a significant examination of fund accounting, international accounting, estates and trusts and business combinations and consolidations.

This course provides the student with a working knowledge of accounting research methodology utilized by accountants in public practice.  The course will include a review of the professional standards relating to corporate financial reporting, taxation, auditing, and public sector reporting with emphasis on the various resources available to find information and solve problems.  The course will assist in the development of skills necessary to research and interpret accounting standards and guidelines to resolve, recognition and disclosure issues using real life simulated cases.

This seminar will be a non-technical consumer-oriented look at Individual Income taxation as it applies to the current tax-filling year. In a general, user-friendly manner, we will overview the recent federal tax acts of the past five years. These Acts form the basis of all current taxation. Further, we will look at new developments and potential changes that could significantly affect this year’s tax return and taxation in the near future.  We will examine the law as it applies to individuals and discuss ways to minimize taxes in various areas.  We will also look to the near future in terms of tax trends.

This seminar will be an overview of a limited number of income tax concepts along with hands on demonstration of Pro Series professional Income tax return preparation software by Intuit (The same software company that produces Turbo Tax for Consumers). At the end of the seminar, students will understand how income tax information flows through an income tax return, and be able to prepare a basic income tax return using ProSeries software.

This seminar will give an overview of the characteristics of various types of Business entities, examine each entity both from a legal and tax viewpoint, and review each entity from formation through operation to dissolution. At the end of this seminar, students will be able to determine various entity formation issues and analyze the pros and cons of each form of entity.

This course integrates all aspects of the learning experience for those students taking the international accounting concentration, and should be one of the final courses taken, normally in the senior year. The course offers advance analysis and application of knowledge, evaluation and implementation. This is a writing intensive/advanced course that satisfies the Advanced Writing Requirements for General Education.

Focusing on the theory, practices and techniques of auditing, with an emphasis on external auditing as performed by Certified Public Accountants, this course covers generally accepted auditing standards, audit reports, audit programs, the nature of audit evidence, audit sampling, audit techniques and internal controls.

Students examine the general theory of federal income taxation, with primary concentration on taxation of individuals. Emphasis is on understanding and interpreting the law.

The study of federal income tax law as it applies to partnerships, corporations and fiduciaries. Internal Revenue procedures and taxpayer rights and responsibilities are also examined, as well as best practices and current tax issues and problems.

This internship is designed to provide students with controlled on-the-job experience with participating businesses, industries and governmental organizations. Students may be eligible for an internship with jobs they currently have. A limited number of internships/jobs are also available through the internship coordinator.

This internship is designed to provide students with controlled on-the-job experience with participating businesses, industries and governmental organizations. Students may be eligible for an internship with their current position if it has an international emphasis and is approved by the Internship Coordinator. A limited number of internships/jobs are also available through the internship coordinator.