Accounting (ACCT) CPSO

#: Course numbers with the # symbol included (e.g. #400) have not been taught in the last 3 years.

ACCT 532 - Financial Accounting

Credits: 4

This course provides a study and overview of accounting theory, practice, issues, and objectives. The course focuses on the proper interpretation of financial information to understand the financial condition of any type of organization. The course may cover the nature, function, and environment of accounting, the basic accounting statements, and key financial accounting ratios. Excel proficiency is expected prior to enrollment in this course. Students should consider completing CMPL 402 Excel if they have not completed an Excel course in transfer.

Prerequisite(s): MTH 402 with a minimum grade of D- or MATH 502G with a minimum grade of D-.

Equivalent(s): ACCT 511G, MGMT 511G

Grade Mode: Letter Grading

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Demonstrate the ability to properly record financial transactions according to GAAP.
Describe the key components and functions of the four different financial statements.
Create financial statements for a sample organization according to specifications.
Interpret how financial statements inform business decisions.

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ACCT 533 - Managerial Accounting

Credits: 4

This course builds upon fundamental knowledge developed in ACCT 532 Financial Accounting. Students apply the concepts and methods of managerial accounting. Students will learn the differences between variable, fixed and mixed costs. Fundamental ethical principles of accounting as applied in real-world situations will be examined. Topics may include the business environment, cost concepts and classifications, job-order costing, process costing, cost behavior, relationships to volume and profits, variable costing, activity based costing, profit planning, standard costs, relevant costs, applications of differential cost analysis, cash flows, and economic value added.

Prerequisite(s): (MGMT 410 with a minimum grade of D- or MGMT 500G with a minimum grade of D- or MGMT 566 with a minimum grade of D- or MGMT 566G with a minimum grade of D-) and (ACCT 532 with a minimum grade of D- or ACCT 511G with a minimum grade of D- or MGMT 511G with a minimum grade of D-).

Equivalent(s): ACCT 515G, MGMT 510G

Grade Mode: Letter Grading

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Prepare and analyze business reports to assist in interpretation of company performance.
Distinguish the difference between variable, fixed, and mixed costs.
Assess the financial performance of public companies relative to their industries according to [defined standards ].
Present financial information to a non-accounting audience using plain language.
Describe fundamental ethical principles of accounting as applied in real-world situations.

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ACCT 550 - Accounting Information Systems

Credits: 4

Accountants use, evaluate, and control information systems as a core dimension of their work with financial data. Information systems shape the capture, processing, and communication of accounting data in organizations. This course provides a thorough introduction to the ways that accounting and information systems intersect. Students may explore both the conceptual and the practical aspects of accounting information systems, including effective communication of information systems needs, the design and development of such systems, and the evaluation of their effectiveness. The dimensions of security, controls, and auditing may be addressed.

Prerequisite(s): ACCT 532 with a minimum grade of D- or ACCT 511G with a minimum grade of D- or MGMT 511G with a minimum grade of D-.

Equivalent(s): ACCT 550G

Grade Mode: Letter Grading

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Identify how accounting information systems can be designed and developed as effective tools for business.
Distinguish and analyze appropriate security, auditing and control mechanisms within accounting systems.
Summarize the ethical factors that apply to the ways accounting information systems are implemented.
Describe how accounting information systems are implemented differently across various industries.
Demonstrate how to effectively communicate the specifications for information system needs in an organization.

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ACCT 600 - Intermediate Accounting I

Credits: 4

In this course, students expand their understanding of the accounting process and of reporting. Students will demonstrate how depreciation, impairments, and depletion are relevant to business operations and management decision making. The course builds the conceptual framework for generally accepted accounting principles, which may cover the accounting cycle, net income, financial statement preparation, measuring equity, current assets including cash, receivables, and inventories, as well as depreciation, impairments, and depletion.

Equivalent(s): ACCT 600G

Grade Mode: Letter Grading

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Produce standard accounting reports according to Generally Accepted Accounting Principles (GAAP) inclusive of income reporting, cash flow, receivables, investments, and inventory.
Demonstrate how the Time Value of Money (TVM) is operationalized in a business context.
Demonstrate how depreciation, impairments, and depletion are relevant to business operations and management decision making.
Evaluate the ethical implications of accounting standards, reporting, and processes.

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ACCT 601 - Intermediate Accounting II

Credits: 4

In the second half of the intermediate accounting sequence, students may develop a greater understanding of the principles that dictate accounting applications and will apply those principles in increasingly advanced scenarios. Students will apply accounting principles to the development of individual pensions, employee benefit plans, shareholders equity, and the disposition of operational assets. The course also places emphasis on developing advanced spreadsheet techniques and research capabilities.

Prerequisite(s): (ACCT 532 with a minimum grade of D- or ACCT 511G with a minimum grade of D- or MGMT 511G with a minimum grade of D-) and (ACCT 533 with a minimum grade of D- or ACCT 515G with a minimum grade of D- or MGMT 510G with a minimum grade of D-) and (ACCT 600 with a minimum grade of D- or ACCT 600G with a minimum grade of D-).

Equivalent(s): ACCT 601G

Grade Mode: Letter Grading

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Differentiate the features and functions of investments, bonds, long-term notes, and leases according to how they are used to make business decisions and planning.
Demonstrate how accounting principles are applicable to the preparation of income taxes.
Apply accounting principles to the development of individual pensions, employee benefit plans, shareholders equity, and the disposition of operational assets.
Develop and adjust the statement of cash flows for selected financial scenarios.
Interpret and analyze the ethical implications of situation-based accounting practice according to GAAP Financial Ethical Standards.

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ACCT 629 - Cost Accounting

Credits: 4

This course covers cost and management accounting environments and various cost management systems which contribute to financial decisions. Students may apply general principles of activity-based cost systems, capital budgeting, and financial management to the financial objectives of an organization. The course helps students develop and use short and long-term organizational performance measures to determine organizational needs.

Prerequisite(s): (ACCT 532 with a minimum grade of D- or ACCT 511G with a minimum grade of D- or MGMT 511G with a minimum grade of D-) and (ACCT 533 with a minimum grade of D- or ACCT 515G with a minimum grade of D- or MGMT 510G with a minimum grade of D-) and (FNC 665 with a minimum grade of D- or MGMT 613G with a minimum grade of D-).

Equivalent(s): ACCT 610G

Grade Mode: Letter Grading

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Attribute how cost and management accounting environments and various cost management systems contribute to financial decision making in an organization.
Apply general principles of activity-based cost systems, capital budgeting, and financial management to the financial objectives of an organization.
Relate special production issues and quality concepts to cost accounting.
Accurately complete job orders and process cost systems according to cost accounting methods.
Develop and use short and long-term organizational performance measures to determine organizational needs.

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ACCT 635 - Taxation

Credits: 4

This is an introductory course in Federal income tax law relating to individuals and businesses, including proprietorship, partnership and corporation. Topics may include gross income, deductions, losses, tax credits, property transactions, deferred compensation, tax planning and preparation of tax returns.

Equivalent(s): ACCT 612G

Grade Mode: Letter Grading

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Compare and contrast different types of taxable entities and classify their respective taxable and non-taxable income items.
Identify deductions for and from gross and taxable income.
Prepare simple individual and corporate tax returns according to the applicable rules and requirements of the taxable entity.
Propose, explain, and apply various tax planning strategies for different individual and corporate situations.
Articulate fundamental ethical principles of tax preparation.

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ACCT 705 - Advanced Accounting

Credits: 4

This course is designed to familiarize students with advanced accounting concepts such as foreign currency translations, accounting for consolidations, and partnerships. Students will practice accurately and appropriately journalizing transactions related to these and other advanced accounting scenarios, such as liquidation and reorganization according to GAAP standards. Upon completion of this course, students may articulate why businesses might use such strategies, as well as how to conduct accounting ethically in complex accounting situations.

Prerequisite(s): ACCT 601 with a minimum grade of D- or ACCT 601G with a minimum grade of D-.

Equivalent(s): ACCT 602G

Grade Mode: Letter Grading

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Analyze the roles and responsibilities of accountants in managing higher-level accounting issues, including ethical concerns for complex problem-solving.
Accurately execute the journal entries required for business consolidations, foreign currency translations, liquidation, and reorganization according to GAAP standards.
Demonstrate the accounting treatment and practice for journalizing the entries required upon partnership formation, capital distribution, and dissolution.
Illustrate how trusts and estates are used within a business setting. 05.Propose the various liquidation and reorganization strategies available to businesses and journalize the necessary transactions accordingly.

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ACCT 710 - Governmental and Not-For-Profit Accounting

Credits: 4

The purpose of this course is to familiarize students with the basic differences between accounting for profit-driven entities and accounting for governmental or not-for-profit organizations. The course will help students distinguish how fund accounting for governmental entities operates, including the general fund, capital projects fund, and special revenue fund. Students may learn to identify and implement best practices in accounting within governmental or not-for-profit organizations, in keeping with the regulatory and ethical context of such practices.

Prerequisite(s): ACCT 532 with a minimum grade of D- or ACCT 511G with a minimum grade of D- or MGMT 511G with a minimum grade of D-.

Equivalent(s): ACCT 603G

Grade Mode: Letter Grading

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Identify which entities qualify as governmental or not-for-profit organizations according to applicable corporate structures.
Distinguish how fund accounting for governmental entities operates, including the general fund, capital projects fund, and special revenue fund.
Journalize common transactions specific to governmental entities according to regulatory and ethical contexts. 04.Complete financial statements for a governmental entity according to how they be should used and disclosed to the public.
Analyze best practices for accounting in not-for-profit organizations and produce appropriate documentation of common transactions for these entities.

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ACCT 720 - Auditing

Credits: 4

This course focuses on the principles and practice of investigating a business's financial statements and supporting financial documents. Students will interpret and explain the roles, responsibilities, procedures, ethical codes, and legal environment of the auditor in business operations according to Generally Accepted Auditing Standards (GAAS). Topics may include roles and responsibilities of the auditor, types of audits, auditing standards, internal control and professional ethics.

Equivalent(s): ACCT 615G

Grade Mode: Letter Grading

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Interpret and explain the roles, responsibilities, procedures, ethical codes, and legal environment of the auditor in business operations according to Generally Accepted Auditing Standards (GAAS).
Employ standard auditing methodology and design inclusive of procedures, techniques, for gathering evidence to a selected business operation.
Evaluate internal control and assess control risk within a business operation.
Examine auditor’s reports inclusive of an organization's accounting documentation.

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ACCT 730 - Advanced Data Analytics for Accounting Professionals

Credits: 4

In this course, students will learn the tools and skills necessary to successfully perform data analytics and provide data-driven insights and recommendations. Students will be exposed to both a Microsoft track (Excel, Power Pivot, and Power BI) and a Tableau track (Tableau Prep and Tableau Desktop). Using multiple tools allows students to learn which tool is best suited for the necessary data analysis, data visualization, and communication of the insights gained. Students should leave this course with the skills necessary to translate accounting and business problems into actionable proposals that they can competently present to internal and external stakeholders.

Prerequisite(s): ACCT 550 with a minimum grade of D- or ACCT 550G with a minimum grade of D-.

Grade Mode: Letter Grading

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Demonstrate ability to apply logical thinking to interpret, create conditional statements, and apply relational concepts.
Interpret trends in financial data and illustrate appropriate predictive and prescriptive analysis based on financial valuations methods.
Apply data mining techniques.
Create data visualization methods based on accounting principles and input.
Distinguish misleading visuals and evaluate data models for appropriate checks and balances.

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