| ACCOUNTING COURSES 110 Introduction to Financial Accounting Lecture (3) and Laboratory /4/ Prerequisites: Successful completion of university qualifying examination in mathematics or course equivalency. Concepts and techniques of accounting for sole proprietorships. Accounting for assets, liabilities, and ownership equities ; special journals and subsidiary and control accounts; inventory methods and evaluation; fixed assets and depreciation; payroll; preparation of worksheets and financial statements. 111 Introduction to Managerial Accounting (3) Lecture and Laboratory /4/ Prerequisites: ACCT 110. Concepts and techniques of accounting for partnerships, corporations, and management in planning and controlling business activities. Areas covered include the presentation of financial data, cash flows, financial statement analysis, product costing methods, break-even analysis, and make-or-buy decisions. Prerequisites: ACCT 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. 213 Intermediate Accounting (3) Prerequisites: ACCT 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 the financial statements. Inventory analysis, depreciation and bad debt analysis, capital and revenue expenditures, selected opinions of the Accounting Principles Board and Financial Accounting Standards Board. 214 Intermediate Accounting II (3) Prerequisites: ACCT 213 and Junior standing. Accounting principles applied to capital items appearing on the financial statements. Statement of changes in financial position and cash flow statement. Long term debt, and accounting for pensions, leases are covered extensively. 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. Prerequisites: Junior Standing An introduction to the American legal system followed by the study of the following substantive areas of law: contracts, agency, negotiable instruments, and sales. Prerequisites: ACCT 291. The study of law relating to real and personal property, bailments, partnerships, corporations, insurance, securities, estates, and wills. Prerequisites: ACCT 111, 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 IRS code by individuals. 314 Accounting Information Systems (3) Prerequisites: ACCT 212, 213. This course covers the fundamental commands of DOS, Lotus 1-2-3 and an intensive coverage of a general ledger accounting software package. Prerequisites: ACCT 214. Intensive study of partnerships, consolidations, mergers, stock and asset acquisitions, and not-for-profit entities. Lectures, discussions, and readings are supplemented with extensive problem assignments. 316 Accounting Standards and the Accounting Profession (3) Prerequisites: ACCT 315 or consent of the department. Structure of accounting profession. Current issues and pronouncements of accounting standards. Professional ethics. Prerequisites: ACCT 315 or consent of the department. The principles, concepts, procedures, and responsibilities of an audit department, including consideration of internal control structure, application, and procedures for obtaining audit evidence and preparation of audit reports. (Writing emphasis course.) 318 Accounting Theory and Organization Control (3) Prerequisites: ACCT 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. 319 Accounting for Nonprofit Organizations (3) Prerequisites: ACCT 214 or consent of the department. Accounting concepts, methods, and informational needs for planning and control in government, health, education, and other nonprofit organizations. Prerequisites: ACCT 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 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. 394 Advanced Federal Income Tax (3) Prerequisites: ACCT 293. Federal income tax implications for partnerships, corporations, estates and trusts, gift tax, tax payments, assessment, collection, and refunds. Research project assignment. 399 Independent Study and Special Problems (3) Prerequisites: 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. FINANCE COURSES101 Personal Financial Decision (3) Management of personal income and expenditures, including the development of competencies in logic as a consumer in the areas of budgeting, credit, housing and mortgages, insurance, savings and investment and retirement and estate planning. Prerequisites: ACCT 111 and Junior standing. Nature of financial management. Analysis of financial statements and fund flows. Time value of money and capital budgeting, capital structure, and leverage. Characteristics and uses of securities. Prerequisites: FIN 266. The multinational environment and nature of corporate policy and decision making. Includes the financial management of short-term funds, exchange rates and restrictions on commitment of resources, and repatriation of capital and profits. Analysis of financial statements and funds flow in a multinational firm including problems in capital budgeting and sources of financing. 366 Financial Institutions (3) Prerequisites: FIN 266. Study of corporate financing from the standpoint of financial institutions which provide funds and facilitate the process of financing, including banks, savings and loan associations, securities markets and exchanges, underwriters, small business administration agencies, economic development corporations, and others. Impact of these institutions on the urban environment. (Writing emphasis course) Prerequisites: FIN 266. Quantitative analysis of the role of commercial banks in the savings investment processes, including deposit creation, allocation of assets, structure of liabilities, and the production of bank services. Prerequisites: FIN 266. Major sources of investment information, financial markets, portfolio management, current investment theories, and investment advisement. 369 Advanced Corporate Finance (3) Prerequisites: FIN 266 and Senior standing. Quantitative analysis of the acquisition, allocation and management of funds within a business enterprise. Financial goals, funds flow, capital budgeting and financing strategies. Prerequisites: FIN 266. Principles and methods of financing real estate, sources of funds, types and content of financing instruments, analysis of loans, screening of borrowers, legal aspects and the role of various financing institutions, both private and governmental. 399 Independent Study and Special Problems (3) Prerequisites: Junior Standing. Designed for independent research and study of special finance problems. A comprehensive research paper is required. Maximum of two enrollments, not in the same term, for a total of six credit hours.
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