Accounting Major Course Descriptions

The Accounting Major is designed to prepare a student for a career in accounting, either in the corporate arena or in public accounting. Students will study all of the main areas of financial and managerial accounting in order to have a broad overview of the field.

All of the following courses (30 units)

ACC 301 INTERMEDIATE FINANCIAL ACCOUNTING I

Prerequisite: ACC 202
This course strengthens knowledge of accounting beyond the principles level. It provides in depth knowledge of GAAP, FASB, AICPA code of ethics, accounting systems, income statements, balance sheets, statements of cash flows, time value of money, revenue and expense recognition, cash and receivables, inventory measurement, acquisition, disposal and exchange, and depreciation and impairment of assets.

ACC 302 INTERMEDIATE FINANCIAL ACCOUNTING II

Prerequisite: ACC 301
A continuation of ACC 301, this course strengthens knowledge of accounting beyond the principles level. It provides in depth knowledge of accounting for investments, liabilities, leases, owners’ equity, stock options, accounting changes, and segment reporting.

ACC 311 SYSTEMS AND SOFTWARE FOR ACCOUNTING

Prerequisites: ACC 202
Because business processes and cycles need to be implemented, maintained, and supported, this course provides students with analytical tools necessary to evaluate accounting information needs.

ACC 321 TAX ACCOUNTING: INDIVIDUAL

Prerequisite: ACC 202
Since anyone who earns an income over a stipulated amount has to pay taxes, this course provides students with the fundamental concepts of personal income tax. It is designed to build a framework that is both useful and conceptually sound. The course blends theory with practical application.

ACC 322 TAX ACCOUNTING: BUSINESS

Prerequisite: ACC 202
Although it is important for everyone to understand the fundamentals of personal income taxation, it is even more important for one majoring in business to understand taxation from a business perspective. This course blends theory with practice so that by the end of semester, students will have begun to develop a framework that is both useful and conceptually sound.

ACC 410 ADVANCED ACCOUNTING

Prerequisite: ACC 302
This course strengthens knowledge of financial accounting beyond the intermediate level. It provides in-depth knowledge of accounting consolidations, business combinations, fund accounting, partnerships, foreign exchange, and other pertinent information.

ACC 412 COST ACCOUNTING

Prerequisite: ACC 202, ACC 302
This course is designed to provide knowledge about product costing, budgeting, performance management, responsibility accounting and cost benefit analysis for decision making.

ACC 420 AUDITING

Prerequisite: ACC 302
The purpose of the course is to introduce students to the auditing profession, the audit process, and its application to sales, collections, and other cycles, and completing the audit.

ACC 499 ACCOUNTING INTERNSHIP (3 or 6 UNITS)

Prerequisite: ACC 302, and ACC 311 or ACC 420
or ACC 321 or ACC 312 as appropriate
Internship provides an opportunity for hands-on experience in an area in the field of accounting which the student may want to pursue (Auditing, Tax, Managerial, etc.). Also see “Internships” for general information and policies.

Optional:

ACC 300 ACCOUNTING ETHICS (3 UNITS)

Prerequisite: ACC 201
Description: This course will provide accounting students with the outline of the Code of Professional Conduct of the American Institute of CPAs (AICPA Code) and the fiduciary duties as accountants such that they will understand their roles to enforce accounting rules as stipulated by the Generally Accepted Accounting Principle (GAAP). The course will utilize lecture and the case method to examine ethical accounting issues that may arise in practice.

ACC 303 International Financial Reporting Standards

Prerequisite: ACC 302
The course provides in depth knowledge of International Financial Reporting Standards. These standards are used by over 100 countries around the world and are being considered for adoption in the US. The course emphasizes areas in which IFRS differs from US GAAP principles, both in the principle itself and in the method of application in practice. The course also teaches the IFRS principles which govern the first – time adoption of IFRS. Areas of coverage include most US GAAP topics covered in ACC 301 and 302.

ACC 411 ERP SOFTWARE I

Prerequisite: ACC 311
The study of SAP software or similar enterprise systems software to illustrate the fundamental concepts of integrated information systems, with a focus on accounting information systems. The student learns how to capture, process, and disseminate accounting information to meet a company’s business needs in an Enterprise Resource Planning (ERP) environment.

ACC 482 SPECIAL TOPICS IN ACCOUNTING (1-3 UNITS)

Prerequisite: Varies by subject
Content varies depending on the interest of both the teacher and the students.

ACC 498 INDIVIDUAL DIRECTED RESEARCH IN ACCOUNTING (1-3 UNITS)

For the course description, see “Individual Directed Research” in the Catalog.