Course Descriptions

ACCT 1000 Developing Student Portfolios in Accounting
This course provides students with a framework for developing a student portfolio. Students explore the value of creating a student portfolio and how it is used to communicate and demonstrate their academic accomplishments. Students are introduced to tools and techniques that help them develop, manage, and maintain their portfolios. They have the opportunity to demonstrate the ability to apply the structure and methods presented in this course by composing a high-level design and comprehensive outline for a student portfolio.  

ACCT 1001 Accounting I
An introduction to accounting, this course presents the basic techniques and procedures of accounting for organizations. Students completing this course are expected to understand the policies and procedures in an accounting system; be able to prepare basic financial statements; understand the acceptable methods of valuing assets, liabilities, and owner’s equity; and appreciate the value of computer technology in accounting. (Prerequisites: MATH 1001 College Algebra, BUSI 1001 Introduction to Business.)

ACCT 2001 Accounting II
Accounting II is a continuance of the principles learned in Accounting I.  The course presents the basic techniques and procedures of accounting for organizations and corporations.  Students completing this course are expected to have a clear understanding of corporate reporting and the basic elements of managerial accounting.  Development of managerial decision-making skills will be completed through the coverage of cost behavior, job-order, cost-volume-profit analysis, performance planning and budgeting, standard costs and variance analysis, relevant costs, and the statement of cash flows.  (Prerequisite: ACCT 1001 Accounting I.)

BUSI 2001 Business Law
This course is designed to provide an overview of legal issues faced by managers, fundamental legal principles, how to understand contracts, and typical issues managers face, e.g., workplace law, contract disputes, intellectual property. Topics covered include: understanding the fundamental legal principles in business and commerce; understanding and analyzing business contracts; legal issues in interviewing, hiring, and firing; developing, using, and defending intellectual property; and the regulatory context. (Prerequisite: BUSI 1001 Introduction to Business.)

ECON 1001 Macroeconomics
This is an introductory course in macroeconomics that covers basic economic principles and their application to the macro economy. Topics covered include the principles of economic decision-making; definition and measurement of gross domestic product, national income, employment, inflation, and other variables commonly used by economists; factors affecting economic growth; description and application of models used to evaluate the effects of policies and changes in external variables on the economy; the roles of fiscal and monetary policies; the banking system; and the effects of globalization and international trade. (Prerequisite: MATH 1001 College Algebra.)

ECON 1002 Microeconomics
The principles of microeconomics explain how in a market economy the price system answers the fundamental economic questions: What goods and services are produced and distributed, and how and for whom? The behaviors of households that supply factors of production—natural resources, labor, and capital—to firms, and that purchase consumer goods and services from firms, are examined. Also examined are firms that maximize profit through their decisions about acquiring factors of production, controlling costs of production, choosing the optimal level of output, competing with other firms under different market structures, and making investment decisions about entering new markets. (Prerequisite: MATH 1001 College Algebra and ECON 1001 Macroeconomics.)

STAT 2001 Statistics
This course examines the fundamentals of probability and descriptive and inferential statistics. Hypothesis testing, simple regression and correlation analysis are covered, with emphasis on the application of these techniques to business decision-making. The analysis and application of statistics in cases are stressed. (Prerequisite: MATH 1001 College Algebra.)

FNCE 3001 Financial Management
The principles of finance are examined from an applied perspective of the difficult strategic and operational decisions that exist in the business environment. The general objective of this course is to provide decision-makers with the financial and managerial finance theory, concepts, and tools necessary to make better financial management decisions as well as to conduct sound financial analysis. (Prerequisites: ACCT 1001 Accounting I)

ISYS 3001 Information Systems in Enterprise
An introduction to enterprise information systems, this course reviews their characteristics, their impact on the enterprise, their role in organizations, and their current architectures, enabling tools, and project cycles. (Prerequisite: BUSI 1001 Introduction to Business.)

BUSI 3002 Ethical Leadership
This online leadership course helps prepare students to assume a leadership role in the modern organization. The basic principles of leadership, motivational theory, the importance of communication, and current and future trends are introduced. Students assess, discuss, and learn how to apply their own styles of leadership in the workplace and the community. Emphasis is on ethical leadership through personal and interpersonal effectiveness and organizational development.  Students also learn the importance of followership and the similarities between the roles of follower and leader at all levels of the organization. (Prerequisite: BUSI 1001 Introduction to Business.)

ACCT 3001 Intermediate Accounting I
This course is the first in a four-course sequence. It reviews the principles of accrual accounting and the accounting cycle, and emphasizes the presentation of transactions in financial statements. It emphasizes the conceptual framework and measurement principles underlying financial accounting. Financial statement presentation and format are reviewed. The relationship between the reporting and auditing functions in corporations is emphasized. The course uses the Financial Accounting Standards Board’s Accounting Standards Codification and the International Accounting Standards Board’s International Financial Reporting Standards. (Prerequisite: ACCT 2001 Accounting II.)

ACCT 3003 Intermediate Accounting II
This course is the second in a four-course sequence and is a continuation of ACCT 3001 (Intermediate Accounting I). It reviews the measurement and reporting principles for cash, receivables, inventories, and investments. Financial statement presentation is emphasized and the relationship to the auditing function is discussed. The course uses the Financial Accounting Standards Board’s Accounting Standards Codification and the International Accounting Standards Board’s International Financial Reporting Standards. (Prerequisites: ACCT 3001 Intermediate Accounting I.)

ACCT 3004 Intermediate Accounting III
This course is the third in a four-course sequence and is a continuation of ACCT 3003 (Intermediate Accounting II). It reviews the measurement and reporting principles for property, plant, and equipment, as well as intangibles, and current liabilities and contingencies. Financial statement presentation is emphasized and the relationship to the auditing function is discussed. The course uses the Financial Accounting Standards Board’s Accounting Standards Codification and the International Accounting Standards Board’s International Financial Reporting Standards. (Prerequisite: ACCT 3003 Intermediate Accounting II.)

ACCT 3005 Intermediate Accounting IV
This course is the fourth in a four-course sequence and is a continuation of ACCT 3004 (Intermediate Accounting III). It reviews the measurement and reporting principles for stockholders’ equity, retained earnings, and long-term liabilities. Financial statement presentation is emphasized and the relationship to the auditing function is discussed. The course uses the Financial Accounting Standards Board’s Accounting Standards Codification and the International Accounting Standards Board’s International Financial Reporting Standards. (Prerequisite: ACCT 3004 Intermediate Accounting III.)

ACCT 4002 Advanced Financial Accounting I
This course is the first in a three-course sequence and continues the approach used in the Intermediate Accounting sequence. It reviews the measurement and reporting principles for leases, pensions, equity compensation, derivatives, and earnings per share. Financial statement presentation is emphasized and the relationship to the auditing function is discussed. The course uses the Financial Accounting Standards Board’s Accounting Standards Codification and the International Accounting Standards Board’s International Financial Reporting Standards. (Prerequisite: ACCT 3005 Intermediate Accounting IV.)

ACCT 4003 Advanced Financial Accounting II
This course is the second in a three-course sequence and continues the approach used in the Intermediate Accounting sequence. It reviews the measurement and reporting principles for correction of errors, the statement of cash flows, segment and interim reporting, and deferred taxes. Financial statement presentation is emphasized and the relationship to the auditing function is discussed. The course uses the Financial Accounting Standards Board’s Accounting Standards Codification and the International Accounting Standards Board’s International Financial Reporting Standards. (Prerequisite: ACCT 4002 Advanced Financial Accounting I.)

ACCT 4004 Advanced Financial Accounting III
This course is the third in a three-course sequence and continues the approach used in the Intermediate Accounting sequence. It reviews the measurement and reporting principles for mergers and acquisitions. Financial statement presentation of business combinations is emphasized and the relationship to the auditing function is discussed. The course uses the Financial Accounting Standards Board’s Accounting Standards Codification and the International Accounting Standards Board’s International Financial Reporting Standards. (Prerequisite: ACCT 4003 Advanced Financial Accounting II.)

ACCT 2002 Managerial Accounting: Introduction to Financial Planning and Analysis
This course reviews cost-volume-profit analysis, capital budgeting, operational budgeting, forecasting tools, and performance measurement. Strategic management and decision-making using accounting information are emphasized. Case studies and other practical applications are used. (Prerequisites: ACCT 2001 Accounting II.)

ACCT 4001 Government and Nonprofit Accounting
This course reviews the measurement and reporting principles for governmental and nonprofit organizations. The concepts of fund accounting, budget and control issues, and revenue and expense recognition are discussed. Financial statement presentation for each type of organization, fund, and account group is emphasized. The course uses the Financial Accounting Standards Board’s Accounting Standards Codification and pronouncements of the Governmental Accounting Standards Board. (Prerequisite: ACCT 3005 Intermediate Accounting IV.)

ACCT 3002 Auditing and Internal Controls
This course reviews issues related to auditing company financial statements, internal controls, and digital accounting systems. Topics covered include professional ethics, audit planning and documentation, audit evidence, statistical tools, materiality and risk, and audit reports for different assurance and non-assurance services. The course uses the American Institute of Certified Public Accountant’s Codification of Auditing Standards and Procedures, and the Rules and Standards of the Public Committee Oversight Board. (Prerequisite: ACCT 2001 Accounting II. Concurrent enrollment in ACCT 3001 Intermediate Accounting I is recommended.)

BUSI 3006 Advanced Business Law
This course is a continuation of BUSI 2001 with an emphasis on business law topics that are included on the Uniform CPA Examination. Topics include law of agency, debtor-creditor relationships, bankruptcy, government regulation of business, real and personal property, commercial paper, and secured transactions. (Prerequisite: BUSI 2001 Business Law.)

ACCT 3006 Accounting Information Systems
This course reviews the fundamental concepts of accounting systems design. Topics covered include the technology of accounting systems, file processing, database concepts and tools, internal control and risks, auditing the information system, and using the information system to perform audit functions. Projects use commercial accounting software. (Prerequisite: ACCT 2001 Accounting II.)

ACCT 4005 Federal Taxation I: Individual Taxation
This course reviews the federal income tax structure and the application of income tax accounting to the taxation of individuals and sole proprietorships. Topics include federal income tax laws governing gross income, deductions, calculation of income tax rates, income tax credits, and the alternative minimum tax on individuals. (Prerequisite: ACCT 2001 Accounting II.)

ACCT 4006 Federal Taxation II: Corporate Taxation
This course is a continuation of ACCT 4005 Federation Taxation I and reviews the application of income tax accounting to business entities, including corporations, partnerships, and entities taxed as partnerships and S corporations. Other areas covered include gift and estate taxes, and income taxation of estates and trusts. Topics include preparation of a corporate federal tax return and related schedules, allocation of partnership taxable income and other deductions, credits, and self-employment taxes, as well as loss carrybacks and carryforwards. (Prerequisite: ACCT 4005 Federal Taxation I.)

ACCT 4007 Treasury Management
This course introduces students to practical professional applications in cash management, cash forecasting/budgeting, cash conversion cycles, accounts payable, and accounts receivable. Topics also include enterprise risk management, treasury management systems, foreign exchange management, off-balance-sheet financing, and bank/financial institution management relations. (Prerequisites: ACCT 1001 Accounting I, ACCT 2001 Accounting II, and FNCE 3001 Financial Management.)

ACCT 4900  Capstone
A capstone course is designed to bring together the knowledge gained through the entire college program and permit the student to demonstrate mastery of the various course competencies. The major course project in this capstone course is a strategic case study. Students are expected to apply and integrate a variety of skills, tools, and knowledge to assess the strategic issues in a real-world case analysis and arrive at recommendations for change and/or improvement. The course is designed to permit students to demonstrate their understanding and competency in complex problem identification and solution. (Prerequisites: All required core and upper-division accounting courses.)