Accounting Courses (ACT)
ACT 2291 - Principles of Accounting I (3)
Modern financial accounting theory and practices applied to sole proprietorships, partnerships, and corporations.
ACT 2292 - Principles of Accounting II (3)
Modern financial and managerial accounting theory and practices applied to an organization's liabilities, cash flows, planning, budgeting, and control. Prerequisite: ACT 2291.
ACT 3355 - Internal Auditing (3)
Internal auditing theory as contained in official pronouncement (IIASB, COSO, COBIT, Sarbanes-Oxley). Emphasis will be placed on material required for the CPA exam as it relates to professional ethics, audit engagement procedures, internal control, audit sampling, evidence gathering and auditor's reports. Prerequisites: ACT 2292.
ACT 3357 - Financial Reporting & Analysis I (3)
Study of financial accounting concepts and principles related to financial reporting emphasizing income measurement and accounting for assets. Accounting majors must complete this course with a grade of C or better. Prerequisites: ACT 2292.
ACT 3358 - Financial Reporting & Analysis II (3)
Study of accounting concepts and principles related to financial reporting of long-term debt, owners' equity and other special items. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3357.
ACT 3360 - Entrepreneurial Accounting (3)
This course covers small business accounting basics that assist business owners in making business decisions based on accounting information. It emphasizes the triple bottom line reporting that refers to reporting on a company's economic, social, and environmental performance. Prerequisite: ACT 2292, MGT 4475.
ACT 3365 - Corporate Financial Reporting (3)
An analysis of the financial reporting issues faced by managers, including preparing, understanding, and analyzing financial reports. Prerequisites: ACT 2292.
ACT 3380 - Accounting Study Abroad (1)
Supervised investigation of relevant topics in accounting or business through travel-study abroad or within the interior of United States.
ACT 3390 - Honors Intermediate Accounting II (3)
Theory and applications of assets, liabilities, and owners' equity, pensions, leases, earnings per share, and analytical process. This course is designed for Sorrell Global Scholars honors students. Accounting majors must complete this course with a grade of C or better. Prerequisite: Sorrell Global Scholars student or permission of Associate Dean; ACT 3391.
ACT 3391 - Intermediate Accounting I (3)
Theory and applications of assets, liabilities, and owners' equity, revenues, expenses, and analytical process. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
ACT 3392 - Intermediate Accounting II (3)
Theory and applications of assets, liabilities, and owners' equity, pensions, leases, earnings per share, and analytical process. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3391.
ACT 3394 - Governmental Accounting (3)
Analysis of governmental and not-for-profit accounting issues including the preparation and use of budgets, records and statements. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
ACT 3395 - Managerial/Cost Accounting I (3)
An analysis of issues dealing with cost accounting and cost management in the global economy from the viewpoint of management, including calculating product costs and period expenses, cost systems for accumulating and managing costs, analyzing cost behavior for tactical decisions, introduction to activity-based costing, ethical principles for management accountants, measuring the costs of quality, and preparing the master budget. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
ACT 3396 - Accounting Information Systems (3)
Principles underlying establishment of complete accounting systems; applications to typical business organization; emphasis on the functions of control and protection. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
ACT 3398 - Honors Managerial/Cost Accounting I (3)
An analysis of issues dealing with cost accounting and cost management in the global economy from the viewpoint of management, including calculating product costs and period expenses, cost systems for accumulating and managing costs, analyzing cost behavior for tactical decisions, introduction to activity-based costing, ethical principles for management accountants, measuring the costs of quality, and preparing the master budget. This course is designed for Sorrell Global Scholars honors students. Accounting majors must complete this course with a grade of C or better. Prerequisite: Sorrell Global Scholars student or permission of Associate Dean; ACT 2292.
ACT 4435 - Accounting Analytics (3)
This course focuses on issues related to accounting, reporting of financial information and data analysis for entities. Students will use data analytical tools through hands-on applications to analyze entity data and assess organizational operations. Accounting majors must complete this course with a grade of "C" or better. Prerequisite: ACT 2292.
ACT 4450 - Auditing Concepts (3)
Study of auditing concepts related to professional ethics, audit engagement, internal control, audit sampling, evidence gathering and auditors' reports. Accounting majors must complete this course with a C or better. Prerequisite: ACT 3358. Prerequisite or Co-requisite: ACT 3355.
ACT 4451 - Introduction of Taxation (3)
Study of federal tax laws and regulations for individuals and business entities, with an emphasis on components of income, exclusions, allowable expenses, losses and owner distributions. Tax implications of property transactions to both individuals and business entities, and choice of business entity will be introduced. Accounting majors must complete this course with a grade of C or better. Prerequisites: ACT 2292.
ACT 4480 - Professional Development—Public Accounting (1)
Examination of professional and pre-professional requirements for entry into the public accounting profession. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3391, ACT 3392, ACT 3394, ACT 3396, ACT 4494. Prerequisites or Co- requisites: ACT 3395, ACT 4491, ACT 4495, ACT 4497.
ACT 4481 - Professional Development – Forensic Accounting (1)
Analysis of current developments and requirements for entry into the forensic accounting profession. Accounting majors must complete this course with a grade of C or better. Prerequisites: ACT 3358, ACT 3394, ACT 3396, ACT 4451, LAW 4425, ACT 4450. Prerequisites or Co-requisites: ACT 4498.
ACT 4482 - Professional Development – Management Accounting (1)
Analysis of current developments and requirements for entry into the management accounting profession. Accounting majors must complete this course with a grade of C or better. Prerequisites: ACT 3358, ACT 3355, ACT 3395, ACT 3396, ACT 4451, ACT 4450. Prerequisites or Co-requisites: ACT 4496.
ACT 4485 - Fraud Examination I (3)
The study of legal issues related to fraud prevention, detection and investigation. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 4450.
ACT 4489 - Honors Auditing (3)
Auditing theory as contained in official pronouncements. Emphasis will be placed on material required for the CPA exam as it relates to professional ethics, audit engagement, internal control, audit sampling, evidence gathering and auditors' reports. This course is designed for Sorrell Global Scholars honors students. Accounting majors must complete this course with a grade of C or better. Prerequisite: Sorrell Global Scholars student or permission of Associate Dean; ACT 3392.
ACT 4491 - Advanced Accounting (3)
An analysis of the theory and applications of accounting for business combinations, partnerships, and foreign currency transactions and translations. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3392. ACT 4492 Guided Independent Research (1 to 3 credit hours per course per semester)Additional information is is indexed under Independent Study and Research. Note: This course may not be substituted for any required course.
ACT 4493 - Guided Independent Study (1 to 3 credit hours per course per semester)
Additional information is indexed under Independent Study and Research. Note: This course may not be substituted for any required course. Also see index for "Independent Study and Research." Consult Certified Public Accountant Examination requirements prior to enrolling in this course. Accounting majors must complete this course with a grade of C or better.
ACT 4494 - Income Tax Accounting I (3)
Analysis of the federal income tax laws and regulations for individual taxpayers. Primary emphasis is on the individual components of personal and business income and the allowable deductions. The taxation of gains and losses on property and capital-asset transactions will be introduced. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 2292.
ACT 4495 - Income Tax Accounting II (3)
Analysis of federal income tax laws and regulations for partnerships, corporations, estates and fiduciaries. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 4494.
ACT 4496 - Managerial/Cost Accounting II (3)
In depth analysis of advanced cost accounting issues from the viewpoint of management, including cost management systems, target costing, life cycle costing, and measures of performance, including the balanced scorecard. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3395.
ACT 4497 - Auditing (3)
Auditing theory as contained in official pronouncements. Emphasis will be placed on material required for the CPA exam as it relates to professional ethics, audit engagement, internal control, audit sampling, evidence gathering and auditors' reports. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3392.
ACT 4498 - Fraud Examination II (3)
Auditing theory and procedures as applied to fraud prevention, detection and investigation. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 4485.
ACT 4499 - Accounting Internship (1 to 3 credit hours per course per semester)
Internship in local, regional or national firm. Requires junior or senior standing and individual approval for the internship program. See "Internship Program" for additional requirements. Accounting majors must complete this course with a grade of C or better. Prerequisite: ACT 3392.