Page 363 - BSU Undergraduate-Catalog-2017-2019

COURSE DESCRIPTIONS

ACCT: ACCOUNTING COURSE DESCRIPTIONS
ACCT 211 PRINCIPLES OF ACCOUNTING I (FALL, SPRING, SUMMER) 3 CREDITS
Prerequisite(s): BUAD 100, MGMT 101. This course focuses on accounting principles, conventions, and concepts underlying financial reporting.
Emphasis is placed on the accumulation of financial data, the processes of organizing it for presentation, and its use by managers for decision-
making.

ACCT 212 PRINCIPLES OF ACCOUNTING II (FALL, SPRING, SUMMER) 3 CREDITS
Prerequisite: ACCT 211. This course focuses on accounting principles, conventions, and concepts underlying financial reporting. Emphasis is placed
on the accumulation of financial data, the processes of organizing it for presentation, and its use by managers for decision-making.
ACCT 311 INTER ACCOUNTING I (FALL, SPRING) 3 CREDITS
Prerequisite(s): ACCT 211, 212. These courses are a comprehensive study of the current accounting theories supporting the generally accepted
accounting principles. The focus will be on problem solutions relating to the classification and evaluation of all accounts associated with the
various types of accounting systems and their proper inclusion in the published financial statements, including a review and an understanding of
all pronouncements, concepts, and principles relating to the accounting process.
ACCT 312 INTER ACCOUNTING II (FALL, SPRING) 3 CREDITS
Prerequisite(s): ACCT 311. These courses are a comprehensive study of the current accounting theories supporting the generally accepted
accounting principles. The focus will be on problem solutions relating to the classification and evaluation of all accounts associated with the
various types of accounting systems and their proper inclusion in the published financial statements, including a review and an understanding of
all pronouncements, concepts, and principles relating to the accounting process.
ACCT 313 COST ACCOUNTING (FALL, SPRING, SUMMER) 3 CREDITS
Prerequisite(s): ACCT 212. This course is a study of the fundamental procedure of cost accounting, including cost definition, classification, and
allocation, as related specifically to inventory valuation considerations associated with job order costing and processing costing, as well as such
related areas as joint-product and by-product costing and the treatment of waste and spoilage.

ACCT 315 INCOME TAX ACCOUNTING (FALL, SPRING, SUMMER) 3 CREDITS
Prerequisite(s): ACCT 212. This course is a study of the important provisions of the federal tax laws, using illustrations, selected problems, and
the preparation of returns.
ACCT 316 CORP & PARTNERSHIP ACCT (FALL, SPRING) 3 CREDITS
Prerequisite(s): ACCT 212. This course focuses on those special tax provisions which are unique to corporations and partnerships. Also
included are evaluations of potential tax consequences associated with managerial decisions.

ACCT 411 ADVANCED ACCOUNTING I (FALL, SPRING) 3 CREDITS
Prerequisite(s): ACCT 312. The course will introduce advanced accounting practices and theory applied to investments, consolidations and
mergers. In addition, segment and interim reporting disclosures will be reviewed and differences between US and international practices
discussed.

ACCT 412 ADVANCED ACCOUNTING II (FALL, SPRING) 3 CREDITS
Prerequisite(s): ACCT 411. Advanced accounting practice and theory applied to estate and trusts, foreign operations, IFRS, segment reporting,
international accounting rules. Leases, pensions, partnership formation, operations and liquidation, corporation reorganization and liquidation,
accounting for government and not-for-profit organizations.
ACCT 413 GVT & INSTITUTIONAL ACCT (FALL, SPRING) 3 CREDITS
Prerequisite(s): ACCT 311. This course emphasizes the concept and use of funds in accounting for nonprofit institutions. The basis of
accounting for municipal and other governmental units, with emphasis on fund accounts, and the related budgetary and encumbrance
procedures, also will be discussed.
ACCT 416 MANAGERIAL ACCOUNTING (SPRING, SUMMER) 3 CREDITS
Prerequisite(s): ACCT 212. This course is a study of the cost relationships associated with a broad range of managerial decision-
making. Concepts included relate to break-even contribution margin (direct US absorption accounting, variance analysis budgeting, including
capital budgeting considerations, relevant costs, inventory planning and control, transfer costing) and linear programming techniques.

ACCT 417 ACCOUNTING SYSTEMS (FALL, SPRING) 3 CREDITS
Prerequisite(s): ACCT 311 and BUIS 260. This course explores systems fundamentals relating to the design requirements to accommodate the flow
of accounting information associated with an economic transaction. Consideration is given to such accounting fundamentals as internal
controls and adequacy of information needed to complete the requirements of validation, recognition, valuation, and matching. Attention is
also given to the part played by the accounting system as an integral part of the management information system.
ACCT 418 AUDITING (SPRING, SUMMER) 3 CREDITS
Prerequisite(s): ACCT 311. This course emphasizes factors involved in the design and installation of accounting systems: the organization,
volume and types of transactions, charts of accounts, accounting manuals, the reporting system, techniques of report writing will be
discussed.

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