DEPARTMENT OF ACCOUNTING AND FINANCE — ACCOUNTING COURSES
AF 211
Managerial Accounting
Presents the theory and technique of managerial accounting, from the particular perspective of the manager. The course covers the identification and analysis of the behavior of costs within the organization, and illustrates how managers use such knowledge for planning and control. Major topics include responsibility accounting, comprehensive and cash budgeting, standard job order and process cost systems, cost-volume-profit analysis, cost allocation, activity-based costing, standard costs, and variance analysis.
: AF 210 and 30 credits.
3 Lect Hrs, 3 Credits
AF 310
Intermediate Accounting I
This is the initial course in the intermediate accounting sequence, to be followed by AF 311. This course provides knowledge of financial accounting theory, with particular emphasis on the application of theory and on the practical problems arising from the limitations of traditional financial statements. It also provides in-depth analysis of the application of generally accepted accounting principles to asset and current liability items. In addition, students learn to research business problems through the use of the Internet; and discuss ethical issues faced by managers.
: AF 211 and 60 credits.
3 Lect Hrs, 3 Credits
AF 311
Intermediate Accounting II
This is the second course in the intermediate accounting sequence. This course continues to develop accounting theory, using principles, concepts, and accounting pronouncements to analyze and resolve accounting issues. Students acquire an understanding of issues unique to corporations and complete the study of the balance sheet by examining long-term debt and equity issues. In addition, they discuss ethical issues faced by managers in today’s business world. Continuing emphasis will be placed on computer application skills, research skills and written and oral communication skills. It is recommended that students take AF 301 before AF 311.
: AF 310 and 60 credits.
3 Lect Hrs, 3 Credits
AF 315
Accounting Information Systems
This course examines the design, implementation, operation, and control of contemporary computer-based accounting information systems. Students complete projects which require the use of current information technology to solve real world problems.
: AF 211 and 60 credits.
3 Lect Hrs, 3 Credits
AF 330
Business Law
Examines the body of law involved in the formation, operation, and termination of business organizations; in contracts; in debtor-creditor relations; in uniform commercial code (sales, commercial paper, secured transactions); in property, estate, and trust; in government regulations; and in issues of CPA liability. Course content encompasses the topics to be found on the CPA law examination.
: AF 211 and 60 credits.
3 Lect Hrs, 3 Credits
AF 363
Cost Accounting
Examines the design, implementation and operation of cost accounting systems. With primary emphasis on cost analysis in manufacturing, the course explores cost standards, actual performance, and variances. To a lesser extent, it also applies concepts of cost accounting to manufacturing and service organizations.
: AF 211 and 60 credits.
3 Lect Hrs, 3 Credits
AF 410
Advanced Accounting
Develops in depth understanding of financial accounting and reporting in the following areas: business combinations, consolidated financial statements, foreign currency transactions, translation of financial statements of foreign affiliates, reorganization and liquidation, partnerships and other advanced areas. Continues to build on skills acquired from AF 310 and 311 while providing comprehensive treatment of selected topics.
: AF 311 and 60 credits.
3 Lect Hrs, 3 Credits
AF 433
Accounting for Non-Business Organizations
Develops the specialized knowledge of finance and accounting necessary for the successful financial management of such non-business organizations as governmental agencies, foundations, hospitals, and universities. The course particularly stresses fund accounting as well as the accounting principles appropriate to such organizations.
: AF 310 and 60 credits.
3 Lect Hrs, 3 Credits
AF 450
Federal Taxation I
Studies the law and procedures of the federal income taxation of individual taxpayers. The course presents the income tax concepts of gross income recognition, deductions, tax credits, and the effects of property transactions.
: AF 211 and 60 credits.
3 Lect Hrs, 3 Credits
AF 451
Federal Taxation II
Applies the income tax concepts presented in AF 450 to corporations, partnerships, Subchapter S corporations, trusts, and estates. The course introduces the concepts of the federal gift tax and the federal estate tax.
: AF 450 and 60 credits.
3 Lect Hrs, 3 Credits
AF 463
Advanced Managerial Accounting
Continues the study of cost accounting, with emphasis on the managerial application of cost data and financial accounting information to decision making. Includes studies in relevant costs, cost behavior analysis, risk analysis as applied to capital budgeting, inventory management, cost allocation, and variance analysis.
: AF 363 and 60 credits.
3 Lect Hrs, 3 Credits
AF 470
Financial Auditing
Encompasses both the theory and the technique of financial auditing. The course examines the professional role of the auditor, along with its operational, ethical, and legal implications. Areas typically covered include professional auditing standards, the auditors’ report, specialized reporting issues, auditors’ legal responsibilities, gathering and evaluating evidence, the internal control structure audit sampling, and the Code of Professional Conduct. Discussions consider issues of judgment typically faced by auditors in practice.
: AF 311 and 60 credits.
3 Lect Hrs, 3 Credits
AF 472
AIS Audit and Control
Designed for students preparing for a career in internal accounting, auditing, or systems assurance. The course reviews concepts, design, and control of computer-based systems; examines the systems audit process; employs computer-based methods to evaluate simulated client systems; and examines the nature and impact of computer-assisted crime. It is recommended that students take AF 315 and AF 470 before taking AF 472.
: AF 310 and 60 credits.
3 Lect Hrs, 3 Credits
AF 478
Special Topics in Accounting
Addresses a specific topic in accounting. Special topics courses are offered as one-time supplements to the department’s curriculum. Descriptions of special topics courses are available during advance registration.
: Permission of instructor and 60 credits.
3 Lect Hrs, 3 Credits
AF 480
Accounting Internship
Provides students with opportunities for full- or part-time work experience in an accounting or finance setting. On-site supervisors and faculty sponsors provide guidance and supervision for each intern.
: 75 credits, of which 21 must be in management core; one concentration course; minimum 2.5 GPA; permission of chair.
3 Credits
AF 485
Small Business Institute Practicum
Through this practicum students have the opportunity to apply financial, marketing, and other management principles to selected small business concerns. The course, offered in cooperation with the Small Business Administration, lets students offer management counseling and technical assistance to small business organizations. Students work in teams with faculty guidance.
: AF 301 and 60 credits. (AF 325, AF 335, and AF 465 are recommended.)
3 Credits
AF 488
Independent Study
A student-initiated research project on an accounting topic, supervised by a member of the accounting faculty. The course is open to a limited number of students each semester.
: Permission of instructor.
3 Credits, Hrs by arrangement