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ACT 201 |
Introduction to Financial Accounting (3)
An introduction to the basic concepts of financial analysis and recording. Introduction to the entire accounting cycle through preparation of worksheets and financial statements, special journals, and subsidiary ledgers. Prerequisite: ISY 096 or equivalent. |
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ACT 202 |
Introduction to Managerial Accounting (3)
A continuation of the concepts and practices introduced in ACT 201. Introduction to partnership and corporate accounting and financial statement analysis. Prerequisite: ACT 201. |
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ACT 303 |
Intermediate Accounting I (3)
The study of generally accepted accounting principles associated with asset and liability measurement and the related effect on net income. Offered fall semester only. Prerequisites: ACT 201 and ACT 202 with a grade of C or better. |
ACT 304 |
Intermediate Accounting II (3)
A continuation of the study of generally accepted accounting principles focusing on stockholders’ equity, income recognition, and other special reporting topics. Offered spring semester only. Prerequisite: ACT 303 with a grade of C or better. |
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ACT 306 |
Cost Accounting (3)
Topics include the study of cost accumulations in a manufacturing environment, inventory valuation, income determination, and the reporting of internal accounting data. See department chair for course offering schedule. Prerequisite: ACT 201 with a grade of C or better. |
ACT 406 |
Tax Accounting (3)
The federal income tax for corporations and individuals is studied. Tax regulations, tax planning, research, and practice are included. See department chair for course offering schedule. Prerequisite: ACT 201. |
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ACT 410 |
Auditing (3)
An introduction to the independent accountant’s role and responsibilities in business. Topics include generally accepted auditing standards, internal controls, substantive testing, and the auditor’s report. See department chair for course offering schedule. Prerequisite: ACT 304. |
ACT 420 |
Advanced Accounting Topics (3)
Examines advanced financial accounting theory with emphasis on accounting concepts, current reporting problems, preparation of consolidated financial statements, and government and not-for-profit accounting. See department chair for course offering schedule. Prerequisite: ACT 304. |
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ACT 504 |
Tax Accounting (3)
Addresses federal income tax laws and regulations for corporations and individuals, tax planning, tax research, and tax practice. Offered in spring semester, even-numbered years, only. Prerequisite: MBA 516. |
ACT 520 |
Accounting Information Systems (3)
Survey of the principles and techniques of auditing and control of information systems. The course covers auditing concepts, concerns, and objectives; information systems controls and tests; privacy, integrity, and security; and legal aspects of information systems. Offered spring semester, odd-numbered years, only. Prerequisites: MBA 516, ISY 501, and ISY 503. (Also listed as ISY 520.) |
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ACT 521 |
Internal Auditing I (3)
Provides a broad understanding of responsibilities, tasks, and concepts of internal auditing. Primary emphasis on the internal auditor’s role as an agent of top management for gathering, evaluating, and reporting information concerning controls and performance. Offered fall semester, even-numbered years, only. Prerequisite: MBA 516. |
ACT 525 |
Fraud Auditing and Forensic Accounting (3)
Provides an in-depth study of financial statement fraud (i.e., fraudulent reporting by owners or top management to outside users of financial statements), internal fraud (i.e., fraud schemes perpetuated by employees), forensic accounting, and the relationship and application of financial facts to legal problems. Offered fall semester, odd-numbered years, only. Prerequisite: MBA 516. |