Mount St. Joseph University

Business: Accounting Course Descriptions

Undergraduate 2018-2019

ACC 213 Principles of Accounting I (3)
This course introduces the student to the characteristics and basic concepts of accounting, the recording process, adjusting the accounts, completion of the accounting cycle, accounting for merchandising operations, internal control and cash, accounting for receivables, inventories, plant assets: acquisition, depreciation, disposals, natural resources, intangible assets, current liabilities, payroll accounting and basic accounting principles.

ACC 214 Principles of Accounting II (3)
Prerequisite(s): ACC 213
This course is a continuation of ACC 213 and introduces the student to accounting for partnerships, corporations: organization, capital stock transactions, dividends and retained earnings, income reporting, long-term liabilities, investment, statement of cash flows, financial statement analysis, managerial accounting, job order costing, process costing, cost-volume-profit relationships, budgetary planning, and performance evaluation through standard costs.

ACC 301 Intermediate Accounting I (3)
Prerequisite(s): ACC 214 or equivalent
This course provides the student with an in-depth study of financial accounting standards, conceptual framework underlying financial accounting, a review of the accounting process, statement of income and retained earnings, balance sheet and statement of cash flows, accounting and the time value of money, receivables, valuation of inventories, acquisition and disposition of property, plant and equipment, depreciation, depletion, and intangible assets.

ACC 302 Intermediate Accounting II (3)
Prerequisite(s): ACC 301
This course is a continuation of ACC 301 and covers current liabilities and contingencies, long-term liabilities, stockholders' equity: contributed capital and retained earnings, dilutive securities and earnings per share calculations; investment, revenue recognition, accounting for income taxes, pensions and post-retirement benefits, leases, accounting changes and error analysis, and statement of cash flows.

ACC 304 Cost Accounting (3)
Prerequisite(s): ACC 214 or equivalent
Basic concepts and techniques of product and service costing, including process and job order costing, standard costs, budgeting and management use of cost accounting information.

ACC 304H HON:Cost Accounting (0)
Course description as stated in ACC 304 (Honors Course)

ACC 330 Accounting for Non-Profit and Government Entities (3)
Prerequisite(s): ACC 214 or equivalent
This course will give the student an overview of financial reporting for governmental and not-for-profit entities general, special revenues, capital projects, debt service, internal service, enterprise, and fiduciary funds, long-term debt and fixed asset accounting groups, and planning and control of cash and temporary investments.

ACC 340 Taxation I (3)
Prerequisite(s): ACC 214 or equivalent
Fundamentals of tax law application with emphasis on federal tax laws applicable to individual taxpayers.

ACC 341 Taxation II (3)
Prerequisite(s): ACC 340 or equivalent
Fundamentals of tax law application with emphasis on federal tax laws applicable to corporate taxpayers.

ACC 341H HON: Taxation II (0)
Course description as stated in ACC 341 (Honors Course)

ACC 341S Serv Lrng:Taxation II (1) EXP
Concurrent requisite(s): ACC 341
Service Learning is an opportunity to engage in service to others while making academic connections to course material. This one credit hour course requires 30 hours of meaningful community service. Students will serve a community partner accomplishing projects relevant to the academic course to which the Service Learning credit is attached. Students will also be required to engage in different forms of reflection such as journaling, group guided reflection, and a one-on-one meeting with the course instructor. Students will develop a greater understanding of social problems, a sense of responsibility to our surrounding communities, and an increased awareness of their own faith and values.

ACC 396 Cooperative Education Work Experience: Parallel (1-3) EXP
Prerequisite(s): CED 220
A business related work experience supervised by a business faculty member in collaboration with the cooperative education staff. Credit is awarded as a general elective upon completion of the work experience and documentation of predetermined Learning Agreement. Evaluation of work performed is on a pass/fail basis. The course may be repeated as a general elective up to nine credit hours.

ACC 403 Auditing (3)
Prerequisite(s): ACC 214
This course examines auditing theory and practice, emphasizing basic auditing concepts and principles, professional standards of auditing, audit procedures, preparation of auditing working papers, preparation of internal and external audit reports, and professional ethics in auditing.

ACC 440 Theoretical Topics in Accounting (3)
Prerequisite(s): ACC 302 or equivalent
This course will provide the student with an in-depth understanding of the development of accounting theory, income concepts, financial statements: the income statement, balance sheet and statement of cash flows; working capital, long-term assets: property, plant and equipment; investments, intangibles, long-term liabilities, accounting for income taxes, leases, pensions and other post-retirement benefits and equity.

ACC 445 Accounting Information Systems (3)
Prerequisite(s): ACC 301 and either CIS 135 or CIS 203
This course focuses on understanding how technology can enable key financial accounting activities. The student will be introduced to processing and reporting of accounting requirements using various types of accounting information systems (AISs). Students will apply risk assessment tools and evaluation techniques related to defining, implementing, and managing accounting information systems. Topics include data modeling, documenting systems, and developing and implementing effective AISs.

ACC 445H HON:Accounting Information Sys (0)
Course description as stated in ACC 445 (Honors Course)

ACC 481 Advanced Accounting Problems (3)
Prerequisite(s): ACC 302
This course will expand the student's understanding of corporate expansion and accounting for business combinations, intercorporate investments in common stock, reporting entity and consolidated financial statements, branch operations, segment and interim reporting, and partnerships: formation, operation, changes in membership, and liquidation.

ACC 496 Cooperative Education Work Experience: Alternating (1-3) EXP
Prerequisite(s): CED 220
A business related work experience supervised by a business faculty member in collaboration with the cooperative education staff. Credit is awarded as a general elective upon completion of the work experience and documentation of predetermined Learning Agreement. Evaluation of work performed is on a pass/fail basis. The course may be repeated as a general elective up to nine credit hours.