Programs:
Major:
Accounting
Courses:
ACC: AccountingAccounting is often described as the
"language of business." Business managers, stockholders, investors, creditors,
government agencies, and labor groups depend on accountants for financial data and need to
understand the "language." Majors in accounting prepare students for careers in
public accounting as certified public accountants (CPA) or for careers as accountants for
individual companies in private industry, government agencies, or nonprofit organizations.
Under current state
law, an Indiana candidate must complete 150 semester hours of education containing
the equivalent of an accounting major in order to sit for the CPA Examination. This means
that a candidate cannot sit for the CPA Examination with a 126-hour bachelor's
degree in accounting.
Because students must
take at least 24 hours beyond the Bachelor of Science degree, the
department and its advisory council recommend that students
complete the 30-hour master's degree rather than just 24 additional hours of undergraduate
courses. The net addition of six hours will produce a better set of credentials.
The 150-hour law does not affect all
accounting students equally. Only those entering the public accounting profession with the
expectation of obtaining the CPA certificate must comply with the 150-hour law. Those
accounting graduates who seek work with private businesses, government agencies, and
not-for-profit organizations may find the four-year Bachelor of Science degree
satisfactory.
Programs
Students will be guided by the outline
of baccalaureate Degrees, the
University Core
Curriculum, and the
concentration areas listed below.
|
| MAJOR IN
ACCOUNTING, 66 hours
|
|
|
|
|
| PREFIX |
NO |
SHORT TITLE |
CR HRS |
| Miller College of Business
core, 39 hours
|
| ACC |
201 |
Prin Acct 1 |
3 |
|
202 |
Prin Acct 2 |
3 |
| BL |
260 |
Prin Bus Law |
3 |
| ECON |
201 |
Elem Micro |
3 |
|
202 |
Elem Macro |
3 |
|
221 |
Bus Stats |
3 |
| FIN |
300 |
Prin Fin 1 |
3 |
| ISOM |
135 |
Bus I S |
3 |
|
249 |
Fnds Bus Com |
3 |
|
351 |
Op Mgt |
3 |
| MGT |
300 |
Mgt Beh Org |
3 |
|
491 |
Policy Strat |
3 |
| MKG |
300 |
Prin Market |
3 |
|
|
|
______ |
|
|
|
39 hrs |
|
|
|
|
| ACC |
301 |
Inter Acct 1 |
3 |
|
302 |
Inter Acct 2 |
3 |
|
305 |
Acct Inf Sys |
3 |
|
306 |
Int Mgt Acct |
3 |
|
401 |
Intro to Tax |
3 |
|
430 |
Govt N F P |
3 |
|
451 |
Audit Prin |
3 |
| 6 hours from |
|
| ACC |
410 |
Adv Top Tax (3) |
|
|
440 |
Adv Fin Acc (3) |
|
| BL |
363 |
Uni Code Law (3) |
6 |
|
|
|
______ |
|
|
|
66 hrs |
|
|
|
|
|
To pursue this
program, students must have sufficient mathematical preparation to
meet the prerequisite for ECON 221. The prerequisite for ECON 221
is a C or better grade in MATHS 136 or the equivalent;
sophomore standing; demonstrated proficiency in computer skills.
MATHS 136 simultaneously substitutes for the University Core
Curriculum math requirement. Proficiency in computer skills may be
demonstrated by examination, or credit in ISOM 125 or CS 104 or its
equivalent. The prerequisite for ISOM 135 is proficiency test
required or ISOM 125. |
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COURSES:
ACCOUNTING (ACC)
200 Accounting for New Ventures. (3)
A survey course focusing
on basic accounting and forecasting for non-accountants. Students will
be introduced to financial statements and learn how to develop budgets
and projections to support the launch of new ventures. Prerequisite:
ECON 116 or ECON 201; MGT 241.
Open only to non-business students.
201 Principles of Accounting 1. (3)
An introduction to accounting
emphasizing the basic principles underlying the accounting cycle.
Includes the preparation of reports to management and external users of
financial statements.
Prerequisite: sophomore standing.
202 Principles of Accounting 2. (3)
A continuation of ACC 201 emphasizing financial statement analysis and managerial
and cost accounting concepts.
Prerequisite: ACC 201.
299X Experimental/Developmental Topics.
(1-6)
Topics relevant to the discipline. Course titles will be announced before each
semester.
A total of 6 hours of credit may be earned.
301 Intermediate Accounting 1. (3)
The theoretical framework for accounting principles and procedures, the
application of generally accepted accounting principles, and the preparation of financial
statements.
Prerequisite: ACC 202.
302 Intermediate Accounting 2. (3)
A continuation of ACC 301. Includes such topics as accounting theory, external
reporting, and accounting for partnerships.
Prerequisite: ACC 301.
305 Accounting Information Systems. (3)
A study of the role of accounting information systems and related
subsystems. The relationship of accounting information systems to
other systems, including management information systems, is addressed.
Prerequisite or parallel: ACC 301.
306 Intermediate Management Accounting.
(3)
Measurement and management tools and techniques, emphasizing
managerial uses of financial and operational data.
Prerequisite: ACC 202.
369 Internship in Accounting. (1-6)
Under a program
approved and supervised by the Department of Accounting, a student
majoring in accounting will work as an accounting intern for a public
accountant, a business firm, or a governmental agency.
Prerequisite:
admitted into the major, successfully completed ACC 301; permission from
the accounting internship coordinator.
A total of 6 hours of credit may
be earned.
401 Introduction to Taxation. (3)
A study of the basic features of the federal income tax. Emphasizes the
determination of taxable income of individuals and corporations.
Prerequisite: ACC 201.
410 Advanced Topics in Taxation. (3)
A study of federal taxes on the business income of corporations, partnerships, exempt
entities, and estates and trusts. Includes the use of tax reference materials and tax
services.
Prerequisite: ACC 401.
430 Government and Nonprofit Accounting. (3)
Underlying concepts and standards of financial reporting for government and
nonprofit entities are introduced. Emphasizes financial reporting differences between
these entities and business enterprises.
Prerequisite: ACC 302.
440 Advanced Financial Accounting. (3)
Special accounting problems related to business combinations, consolidated
financial statements, fiduciary accounting, international accounting, and partnership
accounting.
Prerequisite: ACC 302.
451 Auditing Principles and Practices. (3)
Auditing of financial data and related controls from the perspective of internal
and external auditors. Topics include internal control procedures, auditing procedures and
standards, as well as reporting.
Prerequisite: ACC 302.
495 Special Topics in Accounting.
(1-3)
Special advanced topics in accounting offered periodically with varying
topics.
Prerequisite: open to junior and senior accounting majors only or
by permission of the department chairperson.
A total of 6 hours of credit may be earned with different topics, but no
more than 3 in any one semester or term.
497 Independent Study in Accounting.
(1-3)
An opportunity for students with superior scholastic records to study some phase
of accounting. The topic selected, methods of study, and credit hours must be approved by
the department.
Prerequisite: permission of the department chairperson.
A total of 3 hours of credit may be earned.
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