Fall Semester 2000 through Summer Semester 2002
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Professors: Jayne Fuglister, Lal Jagetia, Lawrence Kreiser, David Meeting; Associate Professors: Linda R. Garceau (Chairperson), Bruce McClain, Heidi H. Meier, Etzmun Rozen, Abba Spero, Peter Poznanski; Assistant Professors: Thomas A. Lechner, Linda Nelsestuen.

ACT 221 Introductory Accounting I (3-0-3). Prerequisite: Sophomore standing. Fundamentals of accounting theory, concepts, and practice; includes the basic structure of accounting and accounting as it is used as a basis for business using the recording of changes in financial conditions, measuring business income; introduces the concept of accounting systems and control. Return to top

ACT 222 Introductory Accounting II (3-0-3). Prerequisite: ACT 221. A continuation of the fundamentals of accounting theory, concepts, and practice pertaining to various forms of business organizations, such as partnerships and corporations; measurement and control of costs as viewed in a departmental operation and interpretation of financial data and statements. Return to top

ACT 321 Cost Accounting I (3-0-3). Prerequisites: ACT 222, junior standing. Accounting principles governing material, labor, and manufacturing overhead cost; job order; and process cost and standard cost systems. Return to top

ACT 331 Intermediate Accounting I (4-0-4). Prerequisites: ACT 222, junior standing. Emphasis on accounting concepts and theory; analysis of various classes of assets and liabilities; preparation of various types of financial reports for management; introduction to alternatives in accounting theory. Return to top

ACT 332 Intermediate Accounting II (4-0-4). Prerequisite: ACT 331. Continuation of financial accounting concepts and theory pertaining to assets, liabilities, stockholder's equity, and various analytical processes. Return to top

ACT 361 Tax I (3-0-3). Prerequisites: ACT 222, junior standing. Comprehensive examination of federal income taxation of individuals; emphasis on tax planning and recognition of tax problems. Return to top

ACT 388 Accounting Systems (3-0-3). Prerequisites: IST 203, ACT 331. Business systems as viewed by the profession of accounting: system analysis, flow-charting, and system design from a range of firms with a minimum of electronic and mechanical devices to firms employing the most sophisticated types of electronic data-processing equipment; emphasis on business system design to accumulate and communicate information to officials controlling the activities of the enterprise. Return to top

ACT 422 Cost Accounting II (3-0-3). Prerequisite: ACT 321. Managerial applications of cost-volume-profit analysis, direct and variable costing, profit planning, and distribution costs. Involves use of computer games and simulation. Return to top

ACT 441 Advanced Accounting (4-0-4). Prerequisite: ACT 332. Parent and subsidiary accounting; accounting aspects of consolidation and mergers; accounting for estates, trusts, and insolvency; multinational accounting; and governmental and nonprofit accounting. Return to top

ACT 451 Auditing (3-0-3). Prerequisites: ACT 332, ACT 388. Audit approach; planning and procedure; treatment of adjustments and irregularities; preparing worksheets and final statements. Return to top

ACT 453 Information Systems Auditing (3-0-3). Prerequisites: IST 203, ACT 451. Problems of accuracy and control in computer-oriented applications; changing audit techniques, especially loss of traditional audit trail opportunities; control problems of direct access and real-time systems. Return to top

ACT 455 Internal Auditing (3-0-3). Prerequisite: ACT 222. The philosophy and practice of modern internal auditing techniques with emphasis on providing managers with definitive information about situations which might interfere with the accomplishment of the organization's goals and with feedback concerning extraordinary accomplishments. Return to top

ACT 456 Advanced Auditing Topics (3-0-3). Prerequisite: ACT 451 or ACT 455 or equivalent. The advanced topics in auditing include, but are not limited to, the use of quantitative methods, sampling methods, statistical sampling, analytical procedures, operational auditing, employee and management fraud, and audit administrative issues. Return to top

ACT 460 International Accounting (3-0-3). Prerequisite: ACT 331 or permission of the department. A broad-based course that provides an understanding of the international dimensions of accounting. The course will include topics in financial and managerial accounting, auditing and, to a lesser extent, taxation and transfer pricing issues. In addition to the "mechanics," comparative accounting systems and the process of the harmonization of accounting standards will be discussed. An examination of current international accounting literature will augment specific topic discussions. Return to top

ACT 462 Tax II (3-0-3). Prerequisite: ACT 361. Income taxation of corporations, partnerships, estates, and trusts; federal, estate and gift taxes; state and local taxes; methodology of researching complex tax problems. Return to top

ACT 481 Controllership (3-0-3). Prerequisites: ACT 321, ACT 332. Executive accounting problems of industrial accounting organizations; study and analysis of cost systems, accounting data, and special problems of manufacturing industries that confront top-level management accountants. Return to top

ACT 484 Governmental and Institutional Accounting (3-0-3). Prerequisites: ACT 222, junior standing. Accounting principles, standards, and procedures applicable to enterprises operated not-for-profit; covers governmental units, institutions such as universities and hospitals, charitable organizations, fraternal organizations, religious groups, and clubs. Return to top

ACT 490 Internship (3-0-3). Prerequisites: ACT 331, junior standing, permission of chairperson. Three months of supervised practical experience with a public accounting firm or the accounting department of an industrial firm. Term report required. Return to top

ACT 491 Independent Study (1 to 3 Credits). Prerequisites: Senior standing, approval of sponsoring faculty and department chairperson. Flexible content/structure course to enable qualified students to pursue special areas of interest and competency; opportunity for independent study, field research, or other special assignments. Return to top