2004 - 2005 Accounting Course Description

ACCT

213

Accounting Principles

(4)

An introductory course in accounting principles to acquaint students with theory and logic underlying accounting procedures. Includes identification, measurement, and reporting of financial effects of economic events in enterprises, the contemporary accounting model.

ACCT

313

Managerial Accounting

(4)

A study of concepts, techniques, and uses of accounting in managerial decision-making and problem solving. Develops skills in how to use management accounting within a broad variety of functions. Prerequisite: ACCT 213; MATH 141.

ACCT

350/360

Intermediate Accounting I and II

(4-4)

Provides in-depth coverage of financial accounting and numerous recent developments in accounting valuation and reporting practices. Includes theory, practices, and pronouncements of authoritative professional accounting. Prerequisite: ACCT 213; ACCT 350 must be taken prior to ACCT 360.

ACCT

374

Cost Accounting

(4)

Prepares students to understand and manage cost accounting systems and solve problems encountered in the business world. Covers cost planning, accumulation procedures, controls and reports, and analysis. Prerequisites: ACCT 213, 313.

ACCT

401

Directed Studies

(1-4)

A tutorial-based course used only for student-initiated proposals for intensive individual study of topics not otherwise offered in the Accounting Program. Prerequisite: consent of instructor and school dean.

ACCT

212/412

Special Topics in Accounting

(1-4)

Topics relevant to accounting students will be offered periodically under this title.

ACCT

440

Internship

(1-8)

Students receive credit for meeting pre-arranged learning objectives while working for a company or non-profit organization. Internships give students the opportunity to compare their understanding of classroom material with current best practices in their field. Credit is based on the number of hours at the job site, and the nature of the learning objectives. Monthly class sessions reinforce the student learning objectives, and allow interns to compare their experiences with other interns. Prerequisites: ACCT 213; junior or senior standing (transfer students must complete a minimum of 15 Westminster credit hours); completion of the Career Center Internship Workshop; and approvals from the Gore School of Business Practice Experience Coordinator and the Career Center Internship Coordinator.

ACCT

441

Accounting Practicum

(4)

The Disciplinary Practicum is a student team-based, company consultation project. The project addresses a real issue of concern to a client company (or non-profit organization), requires extensive research, and results in a formal oral presentation and written report to the company. Students work in teams of 3-6 students under the supervision of a Gore School of Business faculty member. Prerequisites: ACCT 213; MATH 150; junior or senior standing.

ACCT

442

Professional Portfolio

(2)

The Professional Portfolio is designed for mid-career professionals. The class gives students the opportunity to assess their interests and skills, design career plans, and create portfolios, which document what they have to offer organizations in an appropriate field. Students must have at least five years of professional or managerial experience to enroll in this class. Prerequisites: ACCT 213; junior or senior standing; and approval of the Gore School of Business Practice/Experience Coordinator.

ACCT

454

Auditing

(4)

A study of the principles, techniques, and procedures in auditing. Includes professional ethics, legal responsibility, theory of audit evidence, conducting audits through use of audit programs, working papers, and report writing. Prerequisites: ACCT 350, 360.

ACCT

467

Accounting Information Systems

(4)

An introduction to systems analysis and design with a strong emphasis towards accounting information systems. Conceptual foundations of accounting information systems; database and file-oriented systems; the systems life cycle; control and audit of accounting information systems; and accounting information systems applications are reviewed. A relational database software package is introduced and used to prepare a term project. Prerequisite: ACCT 313.

ACCT

474

Individual Income Taxation

(4)

Designed for both accounting and non-accounting students. The course provides comprehensive coverage of the Federal income tax structure and application of tax principles to preparation of individual tax returns. No prerequisites.

ACCT

475

Estate and Tax Planning Strategy

(4)

This course deals with the Federal tax statutes, regulations, rulings, and leading cases applicable to individual and other taxpayers with special emphasis on estate planning. The probate process, federal gift taxes, estate taxes, trusts, and valuation of assets are areas covered in this course. Prerequisites: ACCT 474.

ACCT

484

Corporate Income Taxation

(4)

Provides comprehensive coverage of the Federal income tax structure and application of tax principles to specific problems. Encompasses partnerships, corporation, and other taxation areas. Prerequisites: ACCT 213.