Accounting

Acting Chairperson : Ernst Coupet

Faculty :Linnae Bryant, Tollie Carter, Janet Grange, Atha Hunt, Vincent Osaghae, Barbara Roper, Farhad Simyar.

The College of Business offers a program leading to the Bachelor of Science degree in Business and Administration, with a concentration in Accounting.

Accounting programs prepare individuals to be professional accountants, auditors, budget analysts, tax accountants, or to provide financial management services to individuals, businesses, and/or corporations (profit and not-for-profit). Although the areas are not entirely distinct, accounting can be divided into two major fields: financial accounting, which emphasizes the preparation and analysis of financial information; and managerial accounting, which emphasizes the decision-making process based on accounting data.

The accounting student explores the fundamentals of accounting in two introductory courses and completes a ten course sequence of higher level courses which cover financial accounting theory, cost accounting, auditing, advanced accounting topics, federal income tax, business law, governmental, and accounting information systems.

The typical accounting graduate enters the profession as a staff accountant in a public accounting firm, corporation, or governmental unit. Students may aspire to higher level positions which include senior accountant, manager, controller, comptroller, or partner of a CPA firm.

The college is sensitive to the special needs of its students and attempts to address such issues. For example, in scheduling classes, provisions are made for full-time working students and the full-time students who must work part-time. A caring and sensitive faculty body assists students in their academic progress and professional development.

Program Assessment

Students majoring in accounting are expected to fulfill the following three assessment requirements:

  • Capstone Analysis - a comprehensive examination will be administered in ACCT 4317/ 317 (auditing course). The purpose of the examination is to assess student learning of general financial accounting principles, simple computations, and cost accounting principles.
  • Standardized Field Test Examination – all College of Business students must take a standardized field test examination in business. This examination is given in MGMT 4890/ 389. The purpose of the examination is to provide students with feedback on their mastery of general business concepts compared to other senior business students. The students’ ability to analyze and solve problems, understand relationships, and interpret material is also covered in the examination.
  • Senior Exit Interview - all graduating seniors are required to complete a senior exit interview questionnaire as part of their application for graduation. The purpose of the questionnaire is to learn the student’s perceptions regarding his or her academic experience at CSU. The senior exit interview forms can be obtained from the department secretary.

Assessment results will be used to evaluate the quality of learning within the accounting program. The results will also be the basis for any future revisions in the curriculum.

General Education Requirements

Composition (6 credit hours)

ENG 1270/ 127, 1280/ 128.

Foreign Language (6 credit hours)

In a single foreign language

Humanities (12 credit hours)

3 hours in English; 3 hours in CMAT; 3 hours in Fine Arts; 3 hours in Diversity.

Mathematics (3 credit hours)

MATH 1200/ 162 (also satisfies the critical thinking requirement).

Physical and Life Science (6 credit hours)

3 credit hours from biological sciences and 3 credit hours from physical sciences. At least one course must be with a laboratory.

Social and Behavioral Science (6 credit hours)

ECON 1010/ 101, 1020/ 102

Business Core Courses (45 credit hours)

ACCT 2110/ 110, 2111/ 111, 2291/ 291; FIN 2660/ 266; INSY 1370/ 137; MGMT 1030/103; QBA 1500; QBA 2000/ 200, QBA 2010/201; MGMT 3010/ 249, 3020/ 251, 3240/ 224, 4850/ 358, 4890/ 389; and MKTG 3110/ 276.

Accounting Major Courses (24 credit hours)

ACCT 2120/ 212, 3213/ 213, 3214/ 214, 3292/292, 3293/ 293, 4315/ 315, 4317/ 317, 3319/319

Business Electives (6 credit hours)

Select from ACCT 3314/ 314, 4900/ 390, 4394/ 394; FIN 3680/ 368, 3690/ 369; BLP 3207/ 207.

Non-Business Electives (6 credit hours) 

Electives must include at least 3 hours in a social and behavioral science and 3 hours in the humanities.

Minor in Accounting 18 credit hours

Required Courses (15 credit hours)

ACCT 2110/ 110, 2111/ 111,3213/ 213, and 1290/ 290 or 2291/ 291; FIN 2660/ 266; INSY 1370/ 137 or CPTR 1060/ 106;

Elective Courses (3 credit hours)

Select three hours from the following:

ACCT 2120/212, 3214/ 214, 3293/ 293, or 3314/ 314.

Students must complete required courses with a C or better.

Accounting (ACCT) Course Offerings

1290/ 290 LEGAL AND ETHICAL ENVIRONMENT OF BUSINESS (3)

Basic environment of business including legal institutions, contracts, negotiable instruments, etc. Emphasis on legal, social and political issues facing urban business today such as antitrust, environmental control, and consumer protection. Includes material on ethics and values. Students will be involved with the analysis of cases. IAI: BUS 913

2110/ 110 INTRODUCTION TO FINANCIAL ACCOUNTING LECTURE AND LABORATORY /4 (3)

Prerequisite: Successful completion of university qualifying examination in mathematics or course equivalency.

The course introduces students to the principles of accounting as they relate to corporate ownership, and emphasizes those procedures and concepts required to generate financial statements for external users. Topics covered include the accounting cycle, cash, accounts receivable, inventory transactions, long term assets and liabilities, contributed capital, the statement of cash flows, and financial statement analysis. A one hour problem solving laboratory is required.

2111/ 111 INTRODUCTION TO MANAGERIAL ACCOUNTING LECTURE AND LABORATORY /4 (3)

Prerequisite: ACCT 2110/ 110.

The course focuses on how managers use accounting information for decision making. Students will study product costing, activity based costing, performance management and evaluation, CVP analysis, budgeting, factors to be considered in pricing decisions, capital investment analysis, and quality management and measurement.

2120/ 212 COST ACCOUNTING (3)

Prerequisite: ACCT 2111/ 111.

Accounting principles applied to manufacturing operations. Development of product costs under job order and process costing systems. Topics discussed also include joint product costs, overhead allocation, standard costing, cost-volume-profit analysis, budgeting, and analysis of variances.

2291/291 BUSINESS LAW I (3)

Prerequisite: Junior standing.

An introduction to the American legal system followed by study of the following substantive areas of law: contracts, negotiable instruments, and sales. IAI: BUS 912

3213/ 213 INTERMEDIATE ACCOUNTING I (3)

Prerequisite: ACCT 2111/ 111 and admission to the College of Business or consent of the department.

Accounting principles applied to asset, liability, revenue, and expense items appearing on financial statements. Inventory analysis, depreciation and bad debts analysis, capital and revenue expenditures, selected opinions of the Accounting Principles Board and Financial Accounting Standards Board.

3214/ 214 INTERMEDIATE ACCOUNTING II (3)

Prerequisite: ACCT 3213/ 213 and junior standing.

Accounting principles applied to capital items appearing on financial statements. Statement of changes in financial position and cash flow statement. Long term debt, accounting for pensions, and leases are covered extensively.

3292/ 292 BUSINESS LAW II (3)

Prerequisite: ACCT 2291/ 291.

The study of law relating to real and personal property, bailments, partnerships, corporations, insurance, securities, estates, and wills.

3293/ 293 FEDERAL INCOME TAX (3)

Prerequisite: ACCT 2111/ 111, 2291/ 291, and junior standing.

Theory and broad outlines of federal income taxation. Introduction to preparation of income tax returns, tax planning, and problems of compliance with the IRS code by individuals.

3314/ 314 ACCOUNTING INFORMATION SYSTEMS (3)

Prerequisite: INSY 1370/ 137, ACCT 2120/ 212, ACCT 3214/ 214 and junior standing.

This course is designed for managerial accountants and auditors that must use accounting information systems and applications. Internal controls, systems concepts and computer applications are included in the course. Students will gain practical hands-on computer experience.

3319/ 319 ACCOUNTING FOR NONPROFIT ORGANIZATIONS (3)

Prerequisite: ACCT 3214/ 214 or consent of the department.

Accounting, concepts, methods, and informational needs for planning and control in government, health, education, and other nonprofit organizations.

4315/ 315 ADVANCED ACCOUNTING (3)

Prerequisite: ACCT 3214/ 214.

Intensive study of partnerships, consolidations, mergers, and stock and asset acquisitions Lectures, discussions, and readings are supplemented with problem assignments and spreadsheet applications.

4316/ 316 ACCOUNTING STANDARDS AND THE ACCOUNTING PROFESSION (3)

Prerequisite: Admitted major or minor. ACCT 4315/ 315 or consent of the department.

Structure of accounting profession. Current issues and pronouncements of accounting standards. Professional ethics.

4317/ 317 AUDITING (3)

Prerequisite: Admitted major or minor. ACCT 4315/ 315 or consent of the department.

The principles, concepts, procedures, and responsibilities of an audit engagement, including consideration of internal control structure, application, and procedures for obtaining audit evidence and preparation of audit reports. Writing emphasis course.

4318/ 318 ACCOUNTING THEORY AND ORGANIZATION CONTROL (3)

Prerequisite: ACCT 2120/ 212.

The accountant as the chief control member of the management team. Advanced problems and readings in cost control, capital budgeting, information for decision making, organization theory, information systems, and human behavior.

4325/ 325 INTERNAL AUDITING (3)

Prerequisite: ACCT 4317/ 317 or consent of the department.

Concepts and techniques through which an organization’s own employees ascertain for the management whether (1) established management controls are adequate and are effectively maintained; (2) records and financial, accounting, and other reports reflect actual operations and results accurately and promptly; and (3) each division, department, or other unit is carrying out the plans, policies, and procedures for which it is responsible.

4394/ 394 ADVANCED FEDERAL INCOME TAX (3)

Prerequisite: ACCT 3293/ 293.

Federal income tax implications for corporations, partnerships, estates and trusts, tax payments, assessment, collection, and refunds. Research project assignment.

4900/ 399 INDEPENDENT STUDY AND SPECIAL PROBLEMS (3)

Prerequisite: Junior standing.

Designed for independent research and study of special accounting problems. A comprehensive research paper is required. Maximum of two enrollments, not in the same term, for a total of six credit hours.