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Accounting

ACCT

2113 -- Financial Accounting -- 3 credit hours
Introduction to the concepts and principles involved in the preparation of financial statements.  Topics covered include: the accounting cycle, the balance sheet, income statement, assets, liabilities, and stockholder equity.  The emphasis is on external reporting requirements.  Prerequisite: MATH 1013, unless mathematics waiver requirements are met.

2123 -- Managerial Accounting -- 3 credit hours
Introduction to the concepts and principles involved in the preparation of internal financial reports.  Topics covered include: job order and process costing, budgeting, variance analysis, and financial statement analysis.  Emphasis is on reporting for management controlling, decision-making, and planning purposes.  Prerequisite: ACCT 2113.

3113 -- Intermediate Accounting I -- 3 credit hours
Introduction to intermediate concepts and principles involved in the preparation of GAAP-based financial statements.  Topics covered include: cash, temporary investments, current assets, inventory, plant assets, and investments.  Prerequisite: ACCT 2123 with a minimum grade of C+ or instructor's permission.

3123 -- Intermediate Accounting II -- 3 credit hours
A continuation of Intermediate Accounting I. Topics covered include: current and long-term liabilities, earnings per share, revenue recognition, income taxes, leases, pensions, and financial statement analysis.  Prerequisite: ACCT 3113.

3303 -- Cost Accounting -- 3 credit hours
Examines topics related to the internal reporting of financial information to management.  Topics covered include: costing systems, budgeting, variance analysis, variable costing, absorption costing, joint costs, cost allocation, and cost-volume-profit analysis.  Prerequisite: ACCT 2123.

3453 -- Taxation I: Taxation of Individuals -- 3 credit hours
Focuses on the federal income taxation of the individual taxpayer.  Emphasis is on income tax compliance with discussions of income tax planning for investment activities, property transactions, and ordinary income.  Prerequisite: ACCT 2123.

3973 -- Accounting Information Systems -- 3 credit hours
Provides students with a variety of technology and business analysis concepts and skills.  Topics include data modeling, transaction processing systems, internal controls, enterprise systems, systems development, information security, and computer fraud.  Includes hands-on experience in both manual and computerized accounting systems.  Prerequisites/Corequesites: ACCT 3113, ACCT 3303, and CIS 1003.

4353 -- Auditing -- 3 credit hours
Examines the attest function.  Topics covered include professional responsibilities, audit planning, audit evidence, and reporting requirements.  Emphasis is placed upon areas covered on the CPA examination.  Prerequisites: ACCT 3123 and senior standing.

4453 -- Taxation II: Taxation of Business Entities -- 3 credit hours
Emphasizes compliance and planning concepts for the business entity, including the C-corporation, S-corporation, and partnerships.  Essentials of tax research will also be covered.  Prerequisite: ACCT 3453.

4553 -- Advanced Accounting -- 3 credit hours
Examination of advanced accounting concepts, such as mergers and consolidations, foreign currency transactions and other international accounting issues, partnerships, estates, and trusts.  Prerequisite: ACCT 3123.

4653 -- Not-for-Profit Accounting -- 3 credit hours
Introduction and examination of the concepts and principles involved in governmental and nonprofit accounting.  Topics covered include: financial reporting, funds, encumbrances, expenditures, revenues, and budgets.  Special emphasis is placed on the similarities and differences between corporate and not-for-profit accounting and reporting.  Prerequisite: ACCT 3123. 

4723 -- Income Tax Practice Seminar -- 3 credit hours
Practical application of Federal and Kentucky individual income tax law through service learning.  In conjunction with the AARP Tax-Aide program and Internal Revenue Service Volunteer income tax assistance program, students provide free federal and state income tax return preparation and e-filing for the local community.  Prerequisite: ACCT 3453 and instructor's permission.

 

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