Accounting - ACC (91)
Administered by Department of Accounting
Effective Fall 2009
91.120 Accounting for Small Business (3) - Familiarizes students with accounting principles and practices applicable to small business organizations. Three hours lecture per week. For non-accounting majors only.
91.220 Financial Accounting (3) - Familiarizes students with a basic understanding of generally accepted accounting principles (GAAP) and its applications. Includes accounting fundamentals, accounting for assets, liabilities and ownership interests, and analysis of accounting data. For non-accounting majors only. Three hours lecture per week.
91.221 Principles of Accounting 1 (3) - Presents the accounting cycle for service and merchandising activities of a sole proprietorship; special journals and ledgers, accrued and deferred items, cash, receivables and inventories. General ledger and/or spreadsheet computerized accounting is required. Three hours lecture per week.
91.222 Principles of Accounting II (3) - Further develops the accounting cycle; recording, summarizing, interpreting financial data for partnerships and corporations. Includes cash flows, long-term liabilities, plant assets and payroll accounting. A practice set and general ledger and/or spreadsheet computerized accounting are required. Three hours lecture per week. Prerequisites: 91.220 or 91.221
91.223 Managerial Accounting (3) – This course focuses on the accounting, other quantitative and qualitative information and analyses needed to foster optimal management decision-making and reporting. Students will study various management accounting concepts, processes, and techniques available to provide relevant information. Students are expected to be proficient in the use of computerized spreadsheet and word-processing software. Three hours lecture per week. Prerequisites: 91.220 or 91.222 and 92.150 or 94.175.
91.310 Accounting Information Systems (3) - The course emphasizes accounting information systems, transaction cycles, and communication of financial information for management decisions within the context of business. Topics include ERP systems, e-business and electronic commerce, systems documentation including flowcharting, database management, internal control, business processes, transaction cycles, management reporting, projects using a midline ERP package and other projects using business software such as electronic spreadsheets. Three hours lecture per week. Prerequisite: 91.223
91.320 International Accounting (3)- Addresses needs of accounting and finance students wishing to become more qualified in accounting on a global perspective. Provides an international accounting component for students who have completed foundation courses. Three hours lecture per week. Prerequisites: 91.220 or 91.222. This course is approved as a Diversity General Education Course.
91.321 Intermediate Accounting I (3)- Presents the conceptual framework of accounting, accounting environment and information processing system, financial statements and accounting standards, accounting uses of present and future value concepts, cash and receivables and inventories. Use of Peachtree Accounting Software to complete an accounting cycle through computer is required. Three hours lecture per week. Prerequisites: 91.222 or 91.220. (This is a required course for accounting majors, but it can be taken by non-accounting majors.)
91.322 Intermediate Accounting II (3)- Presents accounting standards for property, plant, and equipment, intangible assets, current liabilities and contingencies, long-term liabilities, contributed capital and retained earnings sections of stockholders’ equity, stock rights and options, and dilutive securities and earnings per share. Requires students to use an approved word processing software package to produce a research paper. Three hours lecture per week. Prerequisites: 91.321.
91.323 Intermediate Accounting III (3)- Presents accounting standards pertaining to investments in debt and equity instruments, revenue recognition, pension plans, leases, income taxes, accounting changes and error correction, Statement of Cash Flows, and accounting disclosures. The use of a spreadsheet program is required. Three hours lecture per week. Prerequisite: 91.321
91.324 Federal Tax Accounting (3) – Introduces basic tax laws pertaining to preparation of individual federal tax returns and supporting schedules. Emphasis on tax law research using federal tax services and contemporary professional literature. Three hours lecture per week. Prerequisite: 91.321
91.326 Introduction to Fraud Examination (3) - Provides an introduction to the field of fraud examination. This course will cover basic topics of fraud examination including the nature of fraud, who commits fraud and why, fighting fraud, management fraud, other types of fraud and resolution of fraud. Three hours lecture per week. Prerequisites: 91.120, 91.220, 91.222 or permission of instructor.
91.342 Auditing Theory and Procedure (3) – Provides a rigorous introduction to concepts and techniques used by CPA firms to perform financial statement audits. Includes professional and ethical standards, legal liabilities, audit objectives, planning, risk assessment, evaluation of internal control, selection and use of audit procedures, audit reports, and work paper preparation and techniques to support the audit report. Three hours lecture per week. Prerequisites: 40.256 and 91.322.
91.348 Cost Accounting (3) – In-depth study of the three major production costs – raw material, factory overhead, and labor. This course requires extensive spreadsheet use at an intermediate to expert level. Three hours lecture per week. Perquisite: 91.223 and 91.321.
91.424 Advanced Federal Tax Accounting (3) - Assigns group and individual projects selected from the following areas of advanced tax accounting; partnerships and corporations, Pennsylvania corporate taxes, estates and trusts, reporting to governmental agencies. Includes lectures, discussion of issues and practice in the solution of problems. Three hours lecture per week. Prerequisite: 91.324
91.426 Advanced Fraud Examination (3) – Builds on basic concepts developed in Introduction to Fraud Examination by providing in-depth coverage of occupational fraud and abuse including misappropriation of assets, corruption, and fraudulent financial reporting. Three hours lecture per week. Prerequisite: 91.326.
91.430 Advanced Accounting I (3) – Applies accounting principles to special problems in the consolidation and merger of business enterprises. Includes consideration of the basis for such combinations, consolidated statements on date of acquisition as well as subsequent dates with special emphasis on design, construction and utilization of integrated microcomputer generated worksheets and financial statements. Three hours lecture per week. Prerequisite: 91.322.
91.431 Advanced Accounting II (3) – Advanced Accounting II focuses on the accounting and reporting for partnerships, foreign currency transactions, restatement of financial statements of foreign subsidiaries from foreign currency units to U.S. dollars, and accounting and reporting for governmental and non-profit organizations. It also covers segment reporting, interim reporting, derivative financial statements, and SEC reporting requirements. Prerequisite: 91.322.
91.432 Internship in Accounting (1-6) – Provides work experiences in the accounting profession. Prerequisite: 75 semester hours completed, minimum 2.5 GPA, and adequate course preparation for the tasks to be performed.
91.436 Fraud Investigation (3) – Builds on basic concepts developed in Introduction to Fraud Examination by providing in-depth coverage of techniques used to investigate fraud. Three hours lecture per week. Prerequisite: 91.326.
91.448 Advanced Cost Accounting (3) – Continuation of 91.348, concentrating on advanced cost accounting issues, including standard costs and budgets. Emphasis on case studies used to analyze and interpret cost data. Three hours lecture per week. Prerequisite: 91.348
91.449 CPA Problems (3) – Addresses the application of procedures for the solving of a cross section of complex accounting problems and the discussion of theory and practice. Three hours lecture per week. Prerequisites: 91.324, 91.342 and 91.348; senior standing or consent of instructor.
91.456 Computer Forensics and Fraud Examination (3) - This course covers obtaining and analyzing digital accounting data for accounting fraud in a manner that sustains burden of proof or other challenges from third parties. Uses computer assisted audit tools and techniques and computer forensics hardware and software. Three hours lecture per week. Prerequisites: 91.326.
91.498 Accounting Information Systems (3) - The course emphasizes accounting information systems, transaction cycles, and communication of financial information for management decisions within the context of business. Topics include flowcharting, transaction processing, internal control, ERP systems, security and encryption issues, electronic commerce, management reporting, file and database management, and system auditing. Three hours lecture per week. Prerequisites: 91.221 and 91.222 or 91.220.
91.500 MBA Outcomes Assessment (0) – Attendance and participation in outcomes assessment activities required for AACSB-I accreditation purposes. This course is required of all MBA students. Three hours lecture per week.
91.501 Financial Accounting (3) – A conceptual study of financial accounting theory and its applications. The course examines the effect of normative and positive theories on the financial statements and their impact on the capital markets. Emphasis will be placed on critical thinking, written and oral communication skills, and professional development. Prerequisites: Undergraduate degree. Three hours lecture per week.
91.502 Advanced Financial Accounting (3) – Advanced problems in consolidated statements, stockbroker’s equity, partnerships, fiduciary accounting, and selected topics dealing with government units and nonprofit service organizations. Selected references to professional literature and uniform CPA examination problems. Three hours lecture per week. Prerequisite: 91.501
91.503 Government and Fund Accounting (3) – This course covers the accounting principles and practices of governments and nonprofit institutions, including comparisons between the accounting principles and practices that apply to governments and nonprofit institutions and those which are generally accepted in business. Three hours lecture per week. Prerequisite: Undergraduate degree
91.504 Foundations of Financial Accounting (3) – Introductory course in financial accounting for those who have not had any formal accounting courses. The course covers the accounting cycle for both service and merchandising activities in the corporate form of business. In covering the accounting cycle, the course emphasizes asset valuation, income determination, and cash flows under generally accepted accounting principles. The effects on financial statements of accounting for the following topics are studied: Current assets and current liabilities, revenue and expense recognition, operating assets, intangible assets, long-term investments, long-term liabilities, capital and operating leases, pensions and other post-retirement benefits and financial statement disclosures. Financial statements analysis and interpretation are included. Actual financial statements, case studies and current readings are used throughout the course to aid the students’ understanding of topics covered. Three hours lecture per week. Course limited to MBA Level I students.
91.521 Advanced Cost Accounting (3) – In-depth study of strategic management accounting concepts and the structure, implementation and maintenance of cost/management accounting information systems that add value to organizations. Three hours lecture per week. Prerequisites: 91.504 or 6 credits of undergraduate accounting courses
91.522 Advanced Auditing Theory (3) – This course provides an in-depth examination of auditing concepts and techniques used by CPA firms to perform financial statement audits. Emphasis is placed on auditor responsibilities, generally accepted auditing standards, ethical issues, and current problems and trends facing the auditing profession. Class meetings include group discussion, case studies, lecture, and presentations. Three hours lecture per week.
91.523 Advanced Tax Accounting (3) – This is an advanced course that explores the tax consequences of many sophisticated business transactions. Tax strategies are analyzed for their impact on cash flows, income, and the balance sheet. Students learn to assess tax information to make good business decisions. The course downplays extraneous tax code details and focuses on concepts. Topics covered include choosing form of business, capital structure, compensation, income measurement, pass-through entities, distributions, consolidated entitles, multi-state business operation, international expansion, sales and exchanges of business interests, mergers, acquisitions, liquidations, and estate planning. Three hours lecture per week.
91.524 Managerial Accounting (3) – This course is an introduction to the tools, techniques, procedures and processes employed to provide information for management in decision-making. Three hours lecture per week. Prerequisites: 91.504 or six credits of undergraduate accounting.
91.551 International Accounting (3) – Addresses the global nature of accounting in the current diverse and dynamic business environment. Three hours lecture per week. Prerequisites: 91.220 or 91.222
91.552 Controllership (3) - An integrating course dealing with administrative problems of the accounting function; internal control system design and maintenance; relations with audit committees, CPA firms and regulatory agencies pertaining to internal and external reporting. Three hours lecture per week. Prerequisites: 91.220 or 91.222, 91.223 or permission of the instructor.
91.599 Special Topics (3) - This course addresses a variety of topics in accounting and allows the instructor to focus on appropriate current topics in the accounting profession. Three hours lecture per week. Students should contact the instructor prior to enrollment.