Accounting Courses (ACT)

ACT 2291
Principles of Accounting I (3)
  Modern financial accounting theory and practices applied to sole proprietorships, partnerships, and corporations. All Students must complete this course with a grade of C or better.
   
ACT 2292
Principles of Accounting II (3)
  Modern financial and managerial accounting theory and practices applied to an organization's liabilities, cash flows, planning, budgeting, and control. All Students must complete this course with a grade of C or better. Prerequisite: ACT 2291.
   
ACT 3355
Internal Auditing (3)
  Internal auditing theory as contained in official pronouncement (IIASB, COSO, COBIT, Sarbanes-Oxley). Emphasis will be placed on material required for the CPA exam as it relates to professional ethics, audit engagement procedures, internal control, audit sampling, evidence gathering and auditor’s reports. Prerequisites: ACT 2292.
   
ACT 3357
Financial Reporting & Analysis I (3)
  Study of financial accounting concepts and principles related to financial reporting emphasizing income measurement and accounting for assets. Accounting majors must complete this course with a grade of C or better. Prerequisites: ACT 2292
   
ACT 3358
Financial Reporting & Analysis II (3)
  Study of accounting concepts and principles related to financial reporting of long-term debt, owners’ equity and other special items. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3357
   
ACT 3360
Entrepreneurial Accounting (3)
  This course covers small business accounting basics that assist business owners in making business decisions based on accounting information. It emphasizes the triple bottom line reporting that refers to reporting on a company’s economic, social, and environmental performance. Prerequisite: ACT 2292, MGT 4475.
   
ACT 3365
Corporate Financial Reporting (3)
  An analysis of the financial reporting issues faced by managers, including preparing, understanding, and analyzing financial reports. Prerequisites: ACT 2292
   
ACT 3391
Intermediate Accounting I (3)
  Theory and applications of assets, liabilities, and owners' equity, revenues, expenses, and analytical process. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
   
ACT 3392
Intermediate Accounting II (3)
  Theory and applications of assets, liabilities, and owners' equity, pensions, leases, earnings per share, and analytical process. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3391.
   
ACT 3394
Governmental Accounting (3)
  Analysis of governmental and not-for-profit accounting issues including the preparation and use of budgets, records and statements. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
   
ACT 3395
Managerial/Cost Accounting I (3)
  An analysis of issues dealing with cost accounting and cost management in the global economy from the viewpoint of management, including calculating product costs and period expenses, cost systems for accumulating and managing costs, analyzing cost behavior for tactical decisions, introduction to activity-based costing, ethical principles for management accountants, measuring the costs of quality, and preparing the master budget. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
   
ACT 3396
Accounting Information Systems (3)
  Principles underlying establishment of complete accounting systems; applications to typical business organization; emphasis on the functions of control and protection. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
   
ACT 4435
International Accounting (3)
  An overview of emerging issues related to international accounting and reporting of financial information across national boundaries. The course will address topics such as accounting and auditing standards, disclosure practices, and financial reporting in a global business environment. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3392.
   
ACT 4450
Auditing Concepts (3)
  Study of auditing concepts related to professional ethics, audit engagement, internal control, audit sampling, evidence gathering and auditors’ reports. Accounting majors must complete this course with a C or better. Prerequisite: ACT 3358
   
ACT 4451
Introduction of Taxation (3)
  Study of federal tax laws and regulations for individuals and business entities, with an emphasis on components of income, exclusions, allowable expenses, losses and owner distributions. Tax implications of property transactions to both individuals and business entities, and choice of business entity will be introduced. Accounting majors must complete this course with a grade of C or better. Prerequisites: ACT 2292
   
ACT 4480
Professional Development—Public Accounting (1)
  Examination of professional and pre-professional requirements for entry into the public accounting profession. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3391, ACT 3392, ACT 3394, ACT 3396, ACT 4494. Prerequisites or Co- requisites: ACT 3395, ACT 4491, ACT 4495, ACT 4497.
   
ACT 4481
Professional Development – Forensic Accounting (1)
  Analysis of current developments and requirements for entry into the forensic accounting profession. Accounting majors must complete this course with a grade of C or better. Prerequisites: ACT 3358ACT 3355, ACT 3394, ACT 3396, ACT 4451, ACT 4485, LAW 4425, ACT 4450 Prerequisites or Co-requisites: ACT 4498
   
ACT 4482
Professional Development – Management Accounting (1)
  Analysis of current developments and requirements for entry into the management accounting profession. Accounting majors must complete this course with a grade of C or better. Prerequisites: ACT 3357, ACT 3358, ACT 3355, ACT 3395, ACT 3396, ACT 4451, ACT 4450. Prerequisites or Co-requisites: ACT 4496
   
ACT 4485
Fraud Examination I (3)
  The study of legal issues related to fraud prevention, detection and investigation. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 4450.
   
ACT 4491
Advanced Accounting (3)
  An analysis of the theory and applications of accounting for business combinations, partnerships, and foreign currency transactions and translations. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3392.
   
ACT 4492
Guided Independent Research (1 to 3 credit hours per course per semester)
  Additional information is is indexed under Independent Study and Research. Note: This course may not be substituted for any required course.
   
ACT 4493
Guided Independent Study (1 to 3 credit hours per course per semester)
  Additional information is indexed under Independent Study and Research. Note: This course may not be substituted for any required course. Also see index for “Independent Study and Research.” Consult Certified Public Accountant Examination requirements prior to enrolling in this course. Accounting majors must complete this course with a grade of C or better.
   
ACT 4494
Income Tax Accounting I (3)
  Analysis of the federal income tax laws and regulations for individual taxpayers. Primary emphasis is on the individual components of personal and business income and the allowable deductions. The taxation of gains and losses on property and capital-asset transactions will be introduced. Accounting majors must complete this course with a grade of C or better.
Prerequisite: ACT 2292.
   
ACT 4495
Income Tax Accounting II (3)
  Analysis of federal income tax laws and regulations for partnerships, corporations, estates and fiduciaries. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 4494.
   
ACT 4496
Managerial/Cost Accounting II (3)
  In depth analysis of advanced cost accounting issues from the viewpoint of management, including cost management systems, target costing, life cycle costing, and measures of performance, including the balanced scorecard. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3358, ACT 3355, ACT 3395.
   
ACT 4497
Auditing (3)
  Auditing theory as contained in official pronouncements. Emphasis will be placed on material required for the CPA exam as it relates to professional ethics, audit engagement, internal control, audit sampling, evidence gathering and auditors’ reports. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3392.
   
ACT 4498
Fraud Examination II (3)
  Auditing theory and procedures as applied to fraud prevention, detection and investigation. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 4485, ACT 3355, ACT 4450
   
ACT 4499
Accounting Internship (1 to 3 credit hours per course per semester)
  Internship in local, regional or national firm. Requires junior or senior standing and individual approval for the internship program. See “Internship Program” for additional requirements. Accounting majors must complete this course with a grade of C or better.
Prerequisite: ACT 3392.
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