ACT 231. Principles of Accounting I (3)

A study of generally accepted accounting principles and other accounting concepts with emphasis on their application to the preparation of the financial statements of business enterprises. Topics covered include: the measurement and reporting of assets, liabilities, and owners’ equity, along with the related measurement and reporting of revenue, expense, and cash flow.

ACT 232. Principles of Accounting II (3)

This course is a continuation of ACT 231 with emphasis on the use of accounting information by managers and decision makers within an economic enterprise. Additional topics include job order and process costing, activity-based costing, activity-based management, analysis of cost variances, and capital budgeting. Prerequisite: ACT 231 or permission of instructor.

ACT 331. Intermediate Accounting I (3)

An intensive study of accounting theory and practice as it relates to the preparation of financial statements. Emphasis is on the examination and analysis of the accounting theory for assets, liabilities and stockholders’ equity necessary for the development and understanding of financial statements. The underlying concepts of matching revenue and expenses for the determination of net income are emphasized. Particular emphasis is placed on the study and application of APB opinions and FASB opinions and problem solving. Prerequisite: ACT 232 or permission of instructor.

ACT 332. Intermediate Accounting II (3)

This course is a continuation of ACT 331 with additional accounting theory and practice as it relates to the preparation of financial statements. Additional topics include: long-term liabilities, investments, pensions, leases, earnings per share, and income tax allocation. Prerequisite: ACT 331 or permission of instructor.

ACT 333. Tax I (3)

A detailed study of the concepts, principles, and presentation of the theory and practice applicable to the preparation of federal income tax returns for individuals. Prerequisite: ACT 232 or permission of instructor.

ACT 334. Tax II (3)

This course is a continuation of ACT 333. Emphasis is on a detailed study of the concepts, principles, and presentation of the theory and practice applicable to the preparation of federal income tax returns for corporations, partnerships, estates and trusts. Prerequisite: ACT 333 or permission of instructor.

ACT 337. Cost Accounting (3)

A study of manufacturing and service organizations. Topics covered include: job order and process costing, activity-based costing, activity-based management, analysis of cost variances, and capital budgeting. Prerequisite: ACT 232 or permission of instructor.

ACT 431. Auditing (3)

A study of the standards, principles, practices and procedures of auditing. The course emphasizes an in-depth examination of audit programs and procedures, including the importance of reviewing internal controls as required during the course of a regular audit engagement. Prerequisite: ACT 332 or permission of instructor.

ACT 434. Governmental and Non-Profit Accounting (3)

A study of accounting theory for government and nonprofit organizations: financial reporting, fund accounting, budgeting, and control. Prerequisite: ACT 232 or permission of instructor.

ACT 435. Advanced Accounting (3)

A study of the application of accounting theory and practice to business partnerships, mergers, branch accounting, corporate bankruptcy, and international operations. Prerequisite: ACT 332 or permission of instructor.

ACT 436. Accounting Information Systems (3)

A study of computer technology and internal control concepts and their application to the design, implementation, and operation of accounting information systems.. Prerequisite: CMP 130 and ACT 332 or permission of instructor.

ACT 437. CPA Review (3)

The analysis, interpretation, and solution of complex accounting problems of the type appearing in official CPA examinations. Prerequisite: ACT 332 or permission of instructor.

ACT 438. Accounting Theory (3)

A study of the development of accounting thought with emphasis on alternative accounting models including methods used in other countries. Prerequisite: ACT 332 or permission of instructor.