ACCOUNTING (ACCT)
ACCT 111 - FINANCIAL ACCOUNTING II
This course is the second in a two-part series of accounting courses that present an introduction to financial accounting practices and procedures. Topics include long-term assets, current and long-term liabilities; stockholders’ equity; and the statement of cash flows. Financial statements are analyzed to evaluate corporate performance and earnings quality. (Prerequisite: ACC 110)
Credits: 3
Prerequisites: ACC 110
ACCT 210 - INTRODUCTION TO FINANCIAL ACCOUNTING
Study of basic accounting concepts and practices as they relate to a corporation. Accounting for assets, liabilities, and stockholders' equity; the preparation of financial statements, journals, and ledgers
Credits: 3
Prerequisites: MATH 110 (may be taken concurrently) or MATH 116 (may be taken concurrently) or MATH 121 (may be taken concurrently)
Course Notes: Previously entitled "Principles of Accounting I." Addtional, credit not granted., Internet required.
ACCT 211 - INTRODUCTION TO MANAGERIAL ACCOUNTING
Study of how managers use accounting information for decision making by examining product costing, activity-based costing, performance management and evaluation, cost-volume-profit analysis, and budgeting.
Credits: 3
Prerequisites: ACCT 210 (may be taken concurrently) and (MATH 110 (may be taken concurrently) or MATH 116 (may be taken concurrently) or MATH 121 (may be taken concurrently))
Course Notes: Previously entitled "Principles of Accounting II., Additional credit not granted. Internet required.
ACCT 300 - MANAGERIAL ACCOUNTING
This course is the second in a two-part sequence of managerial accounting courses with an emphasis on practical approaches to decision making by managers. Topics include cost behaviors, cost estimation, using relevant information in decisions, balanced scorecard, cost allocation, process costing, and capital budgeting. Emphasis is placed on business analysis and research of current trends in managerial accounting.
Credits: 3
ACCT 304 - INTERMEDIATE ACCOUNTING I
Generally accepted accounting principles; conceptual framework underlying financial accounting, measurement and recognition of assets, and measurement and recognition of liabilities.
Credits: 3
Prerequisites: ACCT 210 (may be taken concurrently) and ACCT 211 (may be taken concurrently) and (MATH 110 (may be taken concurrently) or MATH 116 (may be taken concurrently) or MATH 121 (may be taken concurrently))
Course Notes: or qualification into MATH121. Internet required.
ACCT 305 - INTERMEDIATE ACCOUNTING II
Continuation of Acct 304. Stockholders' equity, income measurement theory, and preparation and analysis of financial statements.
Credits: 3
Prerequisites: ACCT 304
Course Notes: or qualification into MATH121
ACCT 305R - INDIVIDUAL TAX
This course is intended to give the students a practical, hands-on experience in preparing tax returns for individuals. Topics covered include: taxpayer filing status, dependency exemptions, taxable vs. non-taxable income, adjustments to taxable income, itemized and standard deductions and various tax credits. Students are also introduced to tax research sources including IRS codes and regulations.
Credits: 3
ACCT 307 - INCOME TAX LAW AND PROCEDURE
Income tax fundamentals and taxation of individuals. Gross income, exclusions, deductions, exemptions, credits, and transactions in property.
Credits: 3
Prerequisites: ACCT 210 and ACCT 211 and MATH 110
Course Notes: or qualification into MATH121
ACCT 311 - ACC FORENSIC SYS
Credits: 3
Prerequisites: ACC 111
ACCT 313 - COST & MANAGERIAL ACCOUNTING
Accumulation and analysis of accounting information for management decisions. Job order and process cost accumulation; master budgets and responsibility accounting; flexible budgets, standards, and variance analysis; relevant costs for decision making: joint costs and cost allocation.
Credits: 3
ACCT 320 - ADVANCED ACCOUNTING
Accounting theory for partnerships and fiduciaries; advanced corporate concepts. Investments, business combinations, branches, consolidated financial statements, corporate reorganizations, installment sales, and consignments.
Credits: 3
Prerequisites: ACCT 305
ACCT 328 - ACCOUNTING INFORMATION SYSTEMS
Theory and operation of accounting information systems utilizing QuickBooks Online accounting software. Other topics include internal control, information flow and flow-charting, computerized transaction processing, systems analysis and design, responsibility centers, and using computer generated reports for decision making.
Credits: 3
Prerequisites: ACCT 304
Course Notes: The course will utilize a free educational version of, QuickBooks Online. Computer and internet access, are required.
ACCT 330 - PRINCIPLES OF AUDITING
Principles, practices, and procedures employed in examination of financial statements. Professional ethics, auditors' legal responsibility, generally accepted auditing standards, audit procedures, and reports on financial statements.
Credits: 3
Prerequisites: ACCT 304 and ACCT 305 (may be taken concurrently)
ACCT 337 - INTERNATIONAL ACCOUNTING
International standards for accounting, financial statement presentation, and auditing. Accounting for importers, exporters, and multinational corporations. Foreign exchange rates and markets, controlled economy accounting, social responsibility reporting, political bribery, political risk, inflation accounting, and international taxation.
Credits: 3
Prerequisites: ACCT 305
ACCT 352 - FINANCIAL STATEMENT ANALYSIS
Use of financial statements in interpreting financial condition for purposes of internal control or external evaluation. ACCT 304 strongly recommended. Crosslisted with FIN 352.
Credits: 3
ACCT 357 - ADVANCED TAXES
A professional learning experience preparing various types of Federal and State tax returns for taxpayers visiting the Roosevelt University IRS VITA site. The course will also include advanced tax research cases, professional standards when communicating with clients, and conflict resolution best practices when working with taxpayers. This course is available for students that have completed an Individual Income Tax course and have passed the IRS certification exams.
Credits: 3
Prerequisites: ACCT 307
ACCT 360 - AUDITING
This course is the first in a two-part sequence studying the professional requirements of auditors as outlined by the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange Commission (SEC), and the International Federation of Accountants (IFAC). Audit topics include: the auditing profession, the auditor’s professional standards, ethics standards, planning the audit, audit evidence, testing procedures, internal controls, auditor’s standard audit report, and audit report opinions.
Credits: 3
Prerequisites: ACC 280
ACCT 361 - AUDITING 2
This course is the second in a two-part sequence studying the professional requirements of auditors as outlined by the American Institute of Certified Public Accountants (AICPA), the Securities and Exchange Commission (SEC), and the International Federation of Accountants (IFAC). Audit topics include: specific auditing procedures for assets, liabilities, equity, revenues, and expenses; end of audit procedures, audit report considerations, non-audit professional services, and statistical sampling techniques.
Credits: 3
Prerequisites: ACCT 280
ACCT 390 - SPECIAL TOPICS: DATA ANALYTICS
Topics will focus on emerging issues in the accounting profession.
Credits: 3
Prerequisites: ACCT 211
ACCT 390R - ACCOUNTING RESEARCH & ANALYSIS
This capstone course analyzes accounting problems from a senior management perspective by integrating and applying previous coursework. Through case studies, research and business simulations, students will develop strategic plans and policies for specific companies. Analysis will include: trend and ratio analysis; review of accounting and audit practices, written responses to current exposure drafts; and oral presentations of research and strategy outcomes. (Prerequisite: ACC 280; recommended ACC 281, 380, 460)
Credits: 3
Prerequisites: ACC 280
ACCT 398 - PROFESSIONAL ACCOUNTING INTERNSHIP
A supervised professional learning experience at a business or non-profit site. Must be arranged with internship coordinator and/or program director. Maximum of 3 credit hours can be applied to undergraduate business program.
Credits: 1-4
Course Notes: This prerequsite applies to students entering in on the 2018, -2019 academic catalog and later. Students admitted before, this time should follow the catalog they were admitted under, . Internship requirements vary by assignment; consent is, required by the instructor.