2021 - 2022 Catalog
Accounting major leading to a BS degree
A major in accounting leading to a Bachelor of Science degree requires at least 45 credits, as follows:
- ACCT 100
- ACCT 231, 332, and 333
- BUS 211; FIN 221; ECON 100
- One course chosen from DCI 202; ECON 202; INTR 202
- BUS 346 or 348
- BUS 217 or 345
- BUS 398 or 399
- Nine credits from among ACCT 310, 311, 330, 358, 360
- At least three additional credits chosen from courses numbered ACCT 256 through ACCT 397 or one of the following: BUS 312, 314, 315, 316, 317, 321; FIN 302, 350, 353, 355, 356, 357, 358, 359
Agreements with several schools allow accounting majors an expedited application process for the Master of Science in Accounting. Please see the department head for more information.
- Required course:
- ACCT 100 - Introduction to Accounting
Credits 3 Faculty Staff
Open only to students who have not taken ACCT 201 and/or ACCT 202. An introduction to accounting for both internal and external purposes. Students cover the fundamental principles of financial accounting (external) and an introduction to how companies process financial information in order to disclose it to the public. The course also investigates how managers prepare information for internal purposes (managerial accounting). Financial accounting is guided by external requirements, while managerial accounting generally is not.
- ACCT 231 - Corporate Financial Reporting
Credits 3 Prerequisite ACCT 100 or 202; and at least sophomore standing Faculty Boylan, Reid
Not open to students with credit for ACCT 320. An examination of the principles of financial accounting applied to financial statement presentation and the underlying treatment of cash versus accrual accounting, present-value analysis, earnings per share, investments, and equity.
- ACCT 332 - Intermediate Financial Reporting I
Credits 3 Prerequisite ACCT 231 and at least sophomore standing Faculty Cowins, Tanlu
An examination of the principles of financial accounting by gathering evidence through the accounting research process as well as exploring revenue recognition, cash, accounts receivable, inventory, and property, plant, and equipment.
- ACCT 333 - Intermediate Financial Reporting II
Credits 3 Prerequisite ACCT 332 and at least junior standing Faculty Irani
An examination of financial reporting issues that cover operating and long-term liabilities, income taxes, pensions, leases, and cash flows. The course also continues using the Accounting Standards Codification to explore accounting questions.
- BUS 211 - Marketing Management
Credits 3 Prerequisite ECON 100 or both ECON 101 and 102; ACCT 100; and at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCT, JMCB or JMCS majors OR ENTR minors during first round of registration Faculty Bower, Fox, Straughan
An exploration of strategic marketing. The focus of the course is on the analysis of a firm's current marketing strengths and weaknesses and the development of a strategic plan to capitalize on key opportunities. Topics include environmental analysis, market segmentation, targeting and positioning, and management of the marketing mix. Throughout the course, significant attention is devoted to international issues, the interrelationships between marketing and other disciplines, and the role of ethically and socially responsible marketing.
- ECON 100 - Introduction to Economics
FDR SS1 Credits 3 Faculty Staff
Open only to students who have not taken ECON 101 and/or ECON 102. No retakes allowed. Economics is the study of how a society (individuals, firms, and governments) allocates scarce resources. The course includes a survey of the fundamental principles used to approach microeconomic questions of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy, and macroeconomic questions of performance of the aggregate economy, including unemployment, inflation, growth, and monetary and fiscal policies.
- FIN 221 - Managerial Finance
Credits 3 Prerequisite ECON 100 or both ECON 101 and 102; ACCT 100 or both ACCT 201 and 202; and at least sophomore standing. Prerequisite or co-requisite: one course from INTR 202, ECON 202, DCI 202, CBSC 250, or SOAN 218 Faculty Hoover, Kester
Preference to BSADM, ACCT majors and ENTR minors during the first round of registration. A study of finance from a managerial perspective emphasizing the primary goal of the firm as stockholder wealth maximization. Emphasis is on decisions relating to the acquisition of assets and funds and internal management-financial analysis, planning and control, working capital management, capital budgeting, sources and forms of long-term financing, financial structure and the cost of capital, and valuation.
- DCI 202 - Introduction to Data Science
FDR FM Credits 3 Faculty Khalifa
Not open to students with credit for ECON 202 or INTR 202. Foundation in introductory statistics and data science which enables students to understand and participate in introductory data-science projects. The course starts with an introduction to the concepts of data science and its use in today's society. Students are exposed to a survey of the basics of statistics and probability theory; tackle the basics of regression analysis, learn a multitude of data manipulation and visualization techniques; and are introduced to programming in R.
- ECON 202 - Statistics for Economics
Credits 3 Prerequisite MATH 101 Faculty Staff
Not open to students with credit for DCI 202 or INTR 202. Fundamentals of probability, statistics, estimation, and hypothesis testing and ending with an introduction to regression analysis. The topics are critical for success in upper-level economics electives and are important for careers that rely on empirical research in the social sciences. Students engage in a dialogue between theory and application and learn to think formally about data, uncertainty, and random processes, while learning hands-on methods to organize and analyze real data using modern statistical software.
- INTR 202 - Applied Statistics
Not open to students with credit for DCI 202 or ECON 202. An examination of the principal applications of statistics in accounting, business, economics, and politics. Topics include descriptive statistics, probability, estimation, hypothesis testing, and regression analysis.
- BUS 346 - Foundations of Business Law: Accounting Focus
Credits 3 Prerequisite At least junior standing. Preference to ACCT, BSADM, or JMCB during the first round of registration. Students may not take both this course and BUS 348 Faculty Youngman
An introduction to the law governing the relations between individuals and businesses in commerce, with a focus on legal concepts tested by the CPA exam and recommended for students who plan to take that exam or pursue a career in accounting. Topics include the law governing torts, contracts, sales of goods under the Uniform Commercial Code, agency, the formation and operation of business associations, government regulation of business, and legal ethics. Assignments apply legal theories and legal ethics to actual business disputes and hypothetical situations.
- BUS 348 - Foundations in Business Law
Credits 3 Prerequisite At least junior standing. Preference to BSADM, ACCT, or JMCB majors OR ENTR minors during the first round of registration. Students may not take both this course and BUS 346 Faculty Youngman
An introduction to the law governing the relations between individuals and businesses in commerce, with a focus on exploring issues faced by both established businesses as well as innovation-driven startups. Topics are selected from the law governing business torts, contracts, products liability, intellectual property, employment law, and government regulation of business. Additional selected topics may be chosen in accordance with the interest of course participants. Assignments apply legal theories and legal ethics to actual business disputes and hypothetical situations.
- BUS 217 - Management and Organizational Behavior
Credits 3 Prerequisite At least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCT, or JMCB majors OR ENTR minors during first round of registration Faculty Dean, Schatten
A study of management in modern organizations. This course examines the factors which influence individual, group, and firm behavior in the context of the workplace. Topics covered include individual differences, motivation, leadership, business ethics, group behavior, decision making, and organizational design and change.
- BUS 345 - Business Ethics
Credits 3 Prerequisite At least junior standing. Preference to BSADM, ACCT, or JMCB majors OR ENTR minors during first round of registration Faculty Reiter
An examination of the moral and ethical issues associated with management policy and executive decisions. The course examines the basic approaches to moral reasoning, macro-moral issues concerning the justice of economic systems, and micro-moral issues, such as the following: conflict of interest, whistle blowing, discrimination in employment, product safety, environment, and advertising.
- BUS 398 - Strategic Management
Credits 3 Prerequisite BUS 211, BUS 221, and senior standing. Limited to BSADM, ACCT, or JMCB majors Faculty A. Hess
A capstone course designed to expose students to a strategic perspective on global issues that impact the firm. Integrative in that it draws on concepts from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations. Practical problem-solving skills are emphasized. Case analysis and/or computer simulation are used extensively in oral presentations and written cases.
- BUS 399 - Entrepreneurship
Credits 3 Prerequisite BUS-211, BUS-221 and senior standing. Limited to BSADM, ACCT, or JMCB majors and ENTR minors. Instructor consent required for Fall 2021 Faculty Junkunc
A capstone course designed to expose students to a strategic perspective on business challenges in the context of entrepreneurial firms. Integrating concepts and analytical tools from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations, this seminar helps students develop the knowledge, skills, and abilities necessary to excel in either new ventures or in today's increasingly entrepreneurial corporate environments. Among other activities, students learn from case studies, class discussions, and working together to develop and present a business plan.
- ACCT 310 - Accounting Information Systems
Credits 3 Prerequisite ACCT 201 and at least junior standing Faculty Ballenger
An introduction to the information systems used in accounting, including the flow of data from source documents through the accounting cycle into reports for decision makers; the principle of internal control; flowcharting and systems narratives; and use of computers and database systems in accounting information. Students have hands-on experience implementing and using accounting information systems.
- ACCT 311 - Financial Statement Analysis
Credits 3 Prerequisite ACCT 202 or ACCT 231, and at least junior standing Faculty Fafatas
Students work to prepare an industry and a company analysis. Through presentations, written analyses and extensive work using computer spreadsheets and databases, students learn to analyze and interpret financial statements of publicly traded companies.
- ACCT 330 - Cost Accounting
Credits 3 Prerequisite ACCT 100 or 202, and at least junior standing Faculty Tanlu
This course covers selected topics from cost accumulation, planning, reporting, control and decision making. Use of spreadsheets is required.
- ACCT 358 - Individual Income Taxation and Financial Planning
Credits 3 Prerequisite ACCT 100 or 201, and at least junior standing Faculty Bovay
This course focuses on the tax and non-tax factors to consider when managing personal/family financial affairs. Topics include tax-subsidized savings and investment vehicles, deductions, and credits for individuals and families, executive compensation and fringe benefits, real estate ownership, and intergenerational giving.
- ACCT 360 - Auditing
Credits 3 Prerequisite ACCT 321 or ACCT 332, and at least junior standing Faculty Hess
This course examines auditing and its role in a market economy. Course content focuses on the market for audit services, audit planning, evidence gathering, and reporting.
courses numbered ACCT 256 through ACCT 397 or one of the following: BUS 312, 314, 315, 316, 317, 321, 321; FIN 302, 350, 353, 355, 356, 357, 358, 359