Accounting Course Descriptions

Undergraduate Courses | Graduate Courses (BA)

Note: Course descriptions may vary slightly from semester to semester

ACCT 208 - Business Data Analysis: (Same as Management 208) Uses of data in policy formulation are discussed. Emphasis is placed on the conversion of raw information into statistics, which are useful to the decision-maker. Problems stress solution to questions typically raised in businesses. Prerequisite: Mathematics 139 or equivalent.

ACCT 210 - Accounting Principles and Control: Prevalent accounting principles and practices employed in business organizations. Accumulation of data and usefulness of reports are considered. Tax implications of business studied. Not open to students with a major in the College of Business and Administration. No credit given for 210 if credit is claimed for 220.

ACCT 220 - Accounting I Financial: This course covers the basic concepts, principles, and techniques used to generate accounting data and financial statements and to interpret and use the financial data to enhance decision making. Prerequisite: Mathematics 139 and sophomore standing.

ACCT 230 - Accounting II Managerial: The use of accounting information for managerial planning, control and decision making through budgeting, cost and variance analyses, and responsibility accounting. Prerequisite: 220, Mathematics 139, and sophomore standing. Accounting majors and minors must pass 220 with a grade of C or better.

ACCT 240 - Individual Income Tax: Preparation of income tax returns. Federal income tax as applied to individuals. No credit given for 240 if credit is claimed for 341. Not open to those with a major in accounting.

ACCT 321 - Intermediate Accounting I: Current accounting principles and procedures relating to elements of financial reporting. Particular emphasis on current and fixed asset valuation. Prerequisite: junior standing and limited to business majors and minors or consent of school; Mathematics 140 or equivalent; pass 220 and 230 or equivalent with a grade of C or better.

ACCT 322 - Intermediate Accounting II: Continuation of the study of accounting principles and procedures with emphasis on liabilities, corporate capital, and income determination. Preparation and use of special statements; analysis and interpretation of statements. Prerequisite: junior standing and limited to business majors and minors or consent of school; passed 321 with grade of C or better; Mathematics 140 or equivalent.

ACCT 331 - Cost Accounting: Interpretation and managerial implications of material, labor, and overhead for job order, process and standard cost systems, cost-volume-profit relationships, direct costing, and budgeting. Accounting for complex process production flows, joint and by-products, spoilage, and scrap. Responsibility accounting and reporting. Prerequisite: junior standing and limited to business majors and minors or consent of school; for accounting majors and minors, pass 230 with a grade of C or better; Mathematics 140 and Accounting/Management 208 or equivalent.

ACCT 341 - Introduction to Taxation: Background, principles, and procedures for the determination of taxable income as a basis for federal income tax. Particular attention is given to those aspects, which are at variance with usual accounting treatment in the determination of net income. Includes practice in the methodology of tax solutions. Prerequisite: junior standing and limited to accounting majors and minors, or consent of school; for accounting majors and minors, a grade of C or better in both 220 and 230 or equivalent courses.

ACCT 360 - Accounting Systems Operation: Accounting information systems analysis and design. Focusing on internal controls, data modeling, databases, documentation tools and information retrieval to improve business decisions. Prerequisite: Mathematics 140, junior standing and limited to accounting majors and minors or consent of the school.

ACCT 411 - Enterprise Networks and Communications: (same as Management 411). Application of data communications and network technologies for improving business. Coverage includes, but is not limited to: introduction to the principles of data transmission technology, various communication architectures and protocols, basic network design principles, internet and intranet technologies, data security issues and elements of network management. Prerequisite: limited to accounting majors and minors, or consent of school; B in Computer Science 200b, Information Management Systems 229 or equivalent.

ACCT 421 - Advanced Accounting: Accounting principles and procedures relating to specialized topics, including partnership equity, installment and consignment sales, fiduciaries, international operations, branches, and business combinations. Prerequisite: junior standing and limited to accounting majors and minors or consent of school; a grade of C or better in 322.

ACCT 431 - Advanced Cost Accounting: Managerial decision making; profit planning and control through relevant costing, return on investment and transfer pricing, determination of cost behavior patterns, analysis of variances, capital budgeting, inventory models, probabilities, statistical methods, and operations research. Prerequisite: junior standing and limited to accounting majors and minors or consent of school; 331 with grade of C or better.

ACCT 441 - Advanced Tax: Study of income tax problems which arise from sole proprietorship, partnership, limited liability company, corporation, estate, and trust. Student does research in source materials in arriving at solutions of complicated problems. Prerequisite: junior standing and limited to accounting majors and minors, or consent of school; 341 with grade of C or better.

ACCT 460 - Auditing: Standards, objectives and procedures involved in examining and reporting on financial statements of business organizations. Prerequisite: junior standing and limited to accounting majors, minors and those with consent of school; a grade of C or better in 322. Graduate students may only take this course if they have a deficiency.

ACCT 465 - Internal Auditing: The course covers internal audit from a broad perspective to include information technology, business processes, and accounting systems. Topics include internal auditing standards, risk assessment, governance, ethics, audit technique, and emerging issues. It covers the design of business processes and the implementation of key control concepts and will use a case study approach that addresses tactical, strategic, systems, and operational areas. Prerequisite: limited to accounting majors, minors and those with consent of school.

ACCT 471 - Government and Not for Profit Accounting: Financial and managerial accounting concepts peculiar to the planning and administration of public and quasi-public organizations, such as governmental units, institutions, and charitable organizations. Also includes the study of governmental auditing standards. Not for graduate credit. Prerequisite: limited to accounting majors, minors and those with consent of school; 321 with a grade of C or better.

ACCT 491 - Independent Study in Accountancy: Independent study of specialized aspects of accountancy not available through regularly scheduled courses. Not for graduate credit. Prerequisite: limited to accounting majors, minors and those with consent of school; a grade of C or better in each of 322, 331, 341, and consent of school.

ACCT 495 - Internship: Supervised work experience in professional accounting. Prerequisite: outstanding record in accounting and recommendation of the school committee on internship; limited to accounting majors, minors and those with consent of school; Mandatory Pass/Fail only. Not for graduate credit.

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Graduate Level Courses

ACCT 512 - Accounting Research Methods Seminar: An advanced seminar critically analyzing research methods employed to study problems existing in a sub-area of accounting thought, which may be repeated for credit in terms of sections (a) through (f). Sections (a) through (f) may be taken only once each. (a) Auditing, (b) Financial accounting, (c) Managerial accounting, (d) Not-for-profit accounting, (e) Accounting information systems, (f) Taxation. Prerequisite: Business Administration 513 or consent of the school.

ACCT 521 - Emerging Issues in Accountancy: Identifies developing areas in financial accounting and forces students to research the issues, to think critically, evaluate alternatives and communicate conclusions in oral and written form. International accounting, not-for-profit, standard setting and regulation, and other developing issues are addressed. The Journal of Accountancy, other professional journals, and guest speakers. Prerequisite: 321, 322, or consent of instructor.

ACCT 532 - Advanced Management Accounting: Management planning and control decisions and design and evaluation of management accounting systems requiring formal models and application of vigorous analytic reasoning. Integration and synthesis of techniques such as regression analysis, linear programming, decision theory and behavioral science for important decisions of the form. Information economics. Contemporary research directories. Prerequisite: enrollment in M.Acc. or M.B.A. program or consent of instructor.

ACCT 541 - Tax Concepts: Provides the student with an understanding of the nature of the federal tax law and an appreciation of the law’s impact upon business decisions both for individuals and companies. Prerequisite: 442 or consent of instructor.

ACCT 542 - Tax Research and Procedure: Provides the student with a working knowledge of the tax practitioner’s methodology applied to the solution of both routine and complex tax problems. Prerequisite: 442 or consent of instructor.

ACCT 543 - Corporate Taxation: Provides students with in-depth exposure to federal income taxation of corporations and shareholders. Areas explored are corporate formations, distributions, redemptions, liquidations, sub-chapter S election, corporate income tax, accumulated earnings tax, personal holding company tax and affiliated corporations. Prerequisite: 442 or consent of instructor.

ACCT 544 - Partnership Taxation: Provides students with in-depth exposure to the federal income taxation of partnerships, partners and related LLCs and owners. Areas explored are the definition of a partnership, acquisition of an interest, basis of interest, tax accounting for partnership or LLC operation, distributions, termination, sale or exchange of interest, collapsible partnerships, death or retirement and tax shelters. Prerequisite: 442 or con-sent of instructor.

ACCT 545 - State and Local Taxation: This course will focus on the legislative and judicial evolution of the present tax systems. Basic concepts of state and local taxation, such as jurisdiction, commerce clause restrictions, uniformity, apportionment and taxation of e-commerce, will be examined. One of the primary objectives of this class is to ensure that students are familiar with the myriad of U.S. Supreme Court decisions delineating the taxing authority of state and local government entities in relation to the commerce, due process, equal protection and supremacy clauses of the U.S. Constitution. Students will also learn to interpret and analyze complex court decisions. Prerequisite: enrollment in the M.Acc. or M.B.A. program.

ACCT 546 - Seminar: Selected Tax Topics: Provides students with in-depth exposure to taxation as it relates to selected topics. Topics will vary from semester depending upon instructor and topics of current interest. Prerequisite: 442 or consent of instructor.

ACCT 547 - Tax Accounting Principles: Provides linkage of accounting skills with tax knowledge through identification of significant differences between tax and financial accounting and selection of tax accounting principles having a significant impact on cash flows. Tax accounting problems for industrial, wholesale and retail companies. Prerequisite: 442 or consent of instructor.

ACCT 548 - International and Interstate Taxation: Examination of tax issues when taxable events or transactions cross international or state borders. Use of transfer pricing for international taxation purposes. Specific international taxation problems of foreign persons, U.S. citizens living abroad, U.S. shareholders of foreign corporations and problems related to multinational corporations. Also will examine issues of nexus and other principles guiding state taxation of persons and businesses involved in interstate commerce. Prerequisite: 442 or consent of instructor.

ACCT 560 - Auditing in an Information Technology Environment: Provides students skills relating to auditing in a computerized environment. The primary focus is on external auditing but there is also coverage of internal auditing, fraud auditing and auditing issues surrounding e-commerce. Prerequisite: Accounting 460.

ACCT 563 - Advanced Auditing: Advanced auditing is intended to emphasize the importance of auditing to the economic well being of this country and the world in general. Specifically, the course should increase the student's understanding of the social, political, and legal forces that have shaped and are shaping current audit practice. The course is also intended to provide the student with a basic understanding of assurance services other than auditing. Finally, the course is intended to give the student a basic understanding of information technology auditing and develop analytical skills in approaching the audit of computerized systems in the current business environment. In meeting this need, the course will include an introduction on the use of ACL software, one of the most widely used data extraction and analysis tools available to auditors today. Prerequisite: enrollment in the M.Acc. or M.B.A. programs.

ACCT 564 - Enterprise Systems: Enterprise Systems (ERP systems) and technologies have become prevalent in many companies. This course will examine the technical overview of Enterprise Systems and their impact on organizations. The concepts, fundamentals and framework of the advanced systems will be explored to better understand the integration of Enterprise Systems in an organization. A better understanding of Enterprise Systems and its affect on an organization will be gained. Prerequisite: enrollment in the M.Acc. or M.B.A. programs.

ACCT 565 - Advanced Accounting Information Systems (AIS): Advanced study in the systems that are used in companies especially database. Students will not be successful as auditors or internal accountants without database skills. The course would include advanced design issues, advanced query and data analysis skills (for internal and external purposes), db controls, db technology, etc. Prerequisite: 360.

ACCT 566 - Accounting Research: This course will provide research skills that are critical in Accounting. Students will identify a research topic, develop the research questions, conduct the research, and prepare a research document. The student will be exposed to how research is conducted and will develop the necessary skills to preform accounting research.

ACCT 567 - Fraud Examination: Fraud examination will cover the principles and methodology of fraud detection and deterrence. The course includes such topics as skimming, cash larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement schemes, non-cash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses.

ACCT 569 - Seminar - Selected Audit/Systems Topics: Provides students with in-depth exposure to audit and/or accounting systems as it relates to selected topics. Topics will vary from semester depending upon instructor and topics of current interest to the accounting discipline.

ACCT 571 - Governmental and Not for Profit Needs: Financial and managerial accounting concepts peculiar to the planning and administration of public and quasi-public organizations such as governmental units, institutions, and charitable organizations. Also includes the study of governmental auditing standards. Prerequisite: Accounting 321 with a grade of C or better or consent of instructor.

ACCT 591 - Independent Study: Directed independent study in selected areas of accountancy. Prerequisite: enrollment in M.Acc. program.

ACCT 595 - Internship: Supervised work experience in professional accounting. Prerequisite: outstanding record in accounting and recommendation of the department committee on internship. Graded S/U only.

ACCT 599 - Thesis: Prerequisite: enrollment in M.Acc. program.

ACCT 601 - Continuing Enrollment: For those graduate students who have not finished their degree programs and who are in the process of working on their dissertation, thesis or research paper. The student must have completed a minimum of 24 hours of dissertation research, or the minimum thesis, or research hours before being eligible to register for this course. Concurrent enrollment in any other course is not permitted. Graded S/U or DEF only.

BA 410 - Financial Accounting Concepts: Basic concepts, principles, and techniques used in the generation of accounting data for financial statement preparation and interpretation. Asset, liability, equity valuations and income determination is stressed. Prerequisite: Enrollment in MBA program or consent of department.

BA 510 - Managerial Accounting and Control Concepts: Basic cost concepts, measures, methods and systems of internal accounting useful for managerial planning, implementation, control and performance evaluation. Includes cost analysis relevant for non-routine decision-making. Prerequisite: enrollment in College of Business and Administration graduate program or consent of department, 410 and M.B.A. program “computer ability” foundation requirement met, or equivalent.

BA 513 - Accounting Concepts in Business Organizations: Accounting theory and practice as it applies to business and other organizations. Emphasis is on current problem areas in accounting and on research methods being used to resolve these problems. Prerequisite: enrollment in College of Business and Administration graduate program or consent of department.

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