Academic Catalog

ACCT - Accounting (ACCT)

ACCT U225  Financial Accounting  3 Credit Hours  

Principles of external financial reporting for business entities, including income measurement and determination of financial position.

ACCT U226  Managerial Accounting  3 Credit Hours  

Attention-directing and problem solving functions of accounting in relation to planning and control, evaluation of performance, and special decisions.

Prerequisite(s): ACCT U225.  
ACCT U247  Legal Environment of Business  3 Credit Hours  

Legal system; crimes and torts; consumer, anti-trust, labor and employment law; environment and insurance; contracts and agency; business ethics; and international matters.

ACCT U331  Intermediate Accounting I  3 Credit Hours  

Financial accounting theory and practice as they relate to generally accepted accounting principles and the accounting standard codification. Included are external financial reports with emphasis on the balance sheet and the income statement. Emphasis is placed on differences between US and international standards.

Prerequisite(s): 54 credit hours earned and ACCT U226.  
ACCT U332  Intermediate Accounting II  3 Credit Hours  

Expands upon the financial accounting concepts and principles in Intermediate Accounting I and the accounting standard codification. Key concepts include current liabilities, bonds, earning per share, pensions, leases, and stockholders' equity. Emphasis is placed on differences between US and international standards.

Prerequisite(s): 54 credit hours earned and grade of C or better in ACCT U331.  
Pre/Corequisite(s): FINA U363.  
ACCT U333  Accounting for Decision-Making and Control  3 Credit Hours  

Application of cost accounting concepts and information used by business organizations to make strategic organizational and operational decisions. Topics include the role of planning and control in attaining organizational goals and objectives; the relationship among cost structures, cost behavior, and operating income; differential analysis in decision-making; and ethical issues for accountants.

Prerequisite(s): 54 credit hours earned and ACCT U226.  
ACCT U335  Individual Tax Planning  3 Credit Hours  

Federal income tax law as it relates to planning individual transactions to minimize income taxes. Includes preparation of individual tax returns.

Prerequisite(s): 54 credit hours earned and ACCT U226.  
ACCT U336  Governmental and Not-for-Profit Accounting  3 Credit Hours  

Principles and procedures of accounting for the various funds of governmental and not-for-profit organizations and budgetary accounting for planning and controlling of revenues and expenditures.

Prerequisite(s): 54 credit hours and ACCT U331.  
ACCT U348  Issues in Commercial Law  3 Credit Hours  

Corporations, bankruptcy, and the Uniform Commercial Code.

Prerequisite(s): 54 credit hours earned and ACCT U247.  
ACCT U432  Advanced Federal Income Tax  3 Credit Hours  

Estates and trusts, partnerships, corporations, foreign income, gift, and social security taxes.

Prerequisite(s): ACCT U335.  
ACCT U433  Financial Systems and Analytics  3 Credit Hours  

The use of basic software, such as Excel, to design and implement an accounting information system. Topics include SOX requirements for internal controls, understanding internal control frameworks such as the COSO and COBIT frameworks, applying these frameworks to internal controls, and using computer applications for decision making analytics.

Prerequisite(s): ACCT U226 and MGMT U290.  
ACCT U434  Accounting Analytics  3 Credit Hours  

Data extraction, transformation, analysis, interpretation, and visualization for accountants. Data analytics tools and techniques such as SQL, Tableau, Power Bi, Python and R will be used. Focus will be on accounting-related problems in specializations such as external auditing, internal auditing, and managerial accounting.

Prerequisite(s): ACCT U331 and ECON U292.  
ACCT U435  Auditing  3 Credit Hours  

Principles of auditing including basic concepts that underlie the financial statement audit processes. Application of audit principles and concepts regarding reporting requirements of the independent auditor as well as review of internal controls, audit procedures, and development of audit programs will be emphasized.

Prerequisite(s): ACCT U332.  
Pre/Corequisite(s): ECON U292 or MATH U202, ACCT U433.  
ACCT U436  Advanced Auditing  3 Credit Hours  

Applications of auditing through case studies and computerized practice sets. Topics include audits of small businesses, forecasts, projections, compilations and the emerging nature of international auditing.

Prerequisite(s): ACCT U435.  
Typically Offered: Upstate Summer Offering  
ACCT U437  Advanced Accounting  3 Credit Hours  

Accounting for business combinations. Consolidated financial statements; international transactions including the use of derivatives in international business; accounting for partnership establishment; and liquidation.

Prerequisite(s): ACCT U332.  
ACCT U438  Accounting Theory  3 Credit Hours  

Focused research using databases from the Financial Accounting Standards Board, the Securities and Exchange Commission, and the International Accounting Standards Board to interpret accounting problems.

Prerequisite(s): ACCT U332 and senior standing.  
Typically Offered: Upstate Summer Offering  
ACCT U455  Topics in Accounting  3 Credit Hours  

Contemporary areas of accounting. May be repeated with permission of advisor.

Prerequisite(s): 54 credit hours earned and permission of instructor.