Accounting Course Descriptions

203. Principles of Accounting (3 credits)
Fall and Spring.
A study of the use and preparation of financial information and the accounting system as an interpretative tool to communicate information about a variety of economic events to both internal and external users. Topics covered include the preparation and interpretation of financial statements for external users as well as managerial uses of accounting data, cost analysis, budgeting and performance evaluation.

301. Financial Reporting & Analysis (3 credits)
Fall and Spring. Prerequisite: BUAD 203 or the equivalent.
This course focuses on the financial reporting environment: evaluating the quality of the reported information, analyzing reporting choices, and assessing the role of financial information in resource allocation decisions. Topics traditionally included in intermediate accounting are covered by analyzing key business transactions on the financial statements and measures of performance evaluations such as profitability, competitiveness, and leverage. This course is designed to be taken as either a one-semester course or as part of a two-semester sequence with BUAD 302.

302. Advanced Financial Reporting & Analysis (3 credits)
Spring. Prerequisite: BUAD 301 or consent of the instructor.
This course focuses on an advanced study of topics in financial reporting that are traditionally considered in intermediate accounting. Reporting issues related to topics such as pensions, stock options, and deferred taxes are considered with reference to original source materials and accounting research.

303. Strategic Cost Management (3 credits)
Spring. Prerequisite: BUAD 203 or the equivalent.
Applications of cost analysis to inventory valuation and income determination and planning and control of routine operations and non-routine decisions. This course emphasizes the relevance of cost concepts to modern decision tools. Substantial use of problems and cases.

401. Advanced Accounting (3 credits)
Spring. Prerequisite: BUAD 301 or consent of the instructor. 
A study of consolidated statements, partnership accounting for special arrangements, fiduciary accounting and fund accounting.

404. Auditing & Internal Controls (3 credits)
Spring. Prerequisite: BUAD 301 or consent of the instructor.
Application of technology, modeling, statistics and other auditing procedures within the framework of generally accepted auditing standards. Reporting, ethics, international practices and case applications are emphasized.

405. Federal Taxation (3 credits)
Fall. Prerequisite: BUAD 203 or the equivalent.
An analysis of the federal income tax laws. Development of conceptual awareness of federal income tax structure and tax planning, and gaining ability to determine solutions to problems confronting the individual taxpayer.

406. Advanced Federal Taxation (3 credits)
Spring. Prerequisite: BUAD 405.
An analysis of the federal income tax laws for partnerships, corporations and tax-exempt entities. Introduction to estate and gift taxation and to tax research. Tax planning is emphasized.

408. Tax Compliance, Tax Research & Tax Planning (3 credits)
Fall. Prerequisites: Senior Accounting major or minor; BUAD 405 or to be enrolled concurrently.
This course provides for the development of the ability of the students to perform sophisticated tax research and analysis as the foundation for tax compliance and for minimizing the tax liability through tax planning for the following tax entities: individual, sole proprietorship, general partnership, limited partnership, LLC, S corporation, C corporation, and exempt entities.