This course is an introduction to the accounting principles and procedures used to maintain an organization's financial records and to prepare its financial statements for use by its stakeholders. Topics include an introduction to the accounting profession, the accounting cycle and process of analyzing and recording transactions, and the Generally Accepted Accounting Principles used in the preparation and analysis of financial statements.

Upon completion of the course, students are expected to be able to do the following:

1. Recognize the different types of business entities that operate in today’s business environment.
2. Understand the role of the professional accountant in today’s business environment.
3. Understand the basic concepts of the accounting cycle and the valuation of current assets and liabilities used in the preparation of a company’s financial statements.
4. Analyze and record a company’s economic transactions in accordance with the appropriate generally accepted accounting principles.
5. Understand the different types of accounting systems and the information generated by and obtainable from the accounting records of an entity.
6. Utilize proficiently various types of computer software in the maintenance, preparation, presentation, and analysis of financial statements.
7. Understand some of the ethical issues involved in the financial reporting of a company’s operations and balance sheet values.

This course is an introduction to the managerial accounting and reporting systems used for decision making purposes. Topics include cost accounting and variances, cost-volume-profit relationships, job order and process cost systems, budgeting and measuring performance, and an introduction to the time value of money and the capital budgeting process.

Upon completion of the course, students are expected to be able to do the following:

1. Understand the information available from the accounting records that is used in the managerial decision making process.
2. Determine the appropriate classification of costs and expenses for decision making purposes.
3. Prepare the appropriate types of managerial reports utilizing computerized software packages.
4. Prepare, monitor, analyze, and report on the results of the budget process.
5. Understand the different types of cost accounting processes and the appropriate uses and reporting of each type.
6. Understand the basic concept of time value of money and how it is applied in the capital budget process.
    

This course is a comprehensive study of financial accounting theory. Topics include the formation of Generally Accepted Accounting Principles (GAAP), financial statement presentation and valuation, revenue recognition concepts, time value of money, cash and marketable securities, accounts receivable, and inventories.

Upon completion of this course, students are expected to do the following:

1. Understand the environment of financial reporting and rule making.
2. Understand the relationship among the objectives of financial reporting and decisions making.
3. Prepare and interpret financial statements including the balance sheet, income statement, statement of stockholder equity, and the statement of cash flows.
4. Explain the financial statement elements of underlying GAAP.
5. Explain the guidelines of reporting income on the financial statements.
6. Create and use compound interest to value financial instruments,
7. Develop and evaluate internal control policies and procedures relating to the management of current assets.
8. Calculate and determine the appropriate value of reporting current assets.
9. Compute ending inventory and cost of goods sold under multiple inventory valuation methods including dollar value LIFO and lower of cost or market methods.
10. Understand the codes of ethics for various accounting professional organizations.
11. Use technology to enhance financial statement reporting, to make decisions, and to increase time efficiency.
12. Know the requirement of accounting profession concerning continuing professional education (CPE) and certifications (CPA, CIA, CMA, etc.).

This course is a continuation of the comprehensive study of financial accounting theory. Topics include fixed assets and depreciation, long-term investments, current and contingent liabilities, long-term liabilities, contributed capital, leases, accounting for income taxes, earnings per share, and post-retirement benefits.

Upon completion of this course, students are expected to do the following:

1. Determine the cost of assets acquired by purchase of exchange of other assets.
2. Calculate and record the disposal of fixed assets.
3. Understand and calculate the difference between tax and financial basis for depreciating assets.
4. Record depletion, amortization, and depreciation of full and partial periods.
5. Differentiate between current, long-term, and contingent liabilities.
6. Record and Report a loss and gain contingency.
7. Properly value the insurance of financial instruments.
8. Explain and record the classification of long-term investments and marketable securities.
9. Understand the components of contributed capital.
10. Calculate basic and diluted earnings per share.
11. Understand and calculate permanent and temporary differences in financial and income tax accounting.
12. Understand the calculations and recording of defined benefit plans.
13. Properly classify and record a capital and operating lease for the lessee and lessor.
14. Understand and use the coded of ethics for various accounting professional organizations.
15. Use technology to enhance financial statement reporting, to make decisions, and to increase time efficiency.
     

This course provides an introduction to corporate federal income tax law. Tax provisions and administrative rules pertaining to corporations and alternative organizational structures are examined.

Upon completion of this course, students are expected to be able to dop the following:

1. Understand important income tax concepts, definitions, and principles.
2. Apply tax law to transactions and communicate this information to interested parties.
3. Use computer software to prepare a federal tax return.
4. Perform basic tax research.
5. Analyze the tax implications of alternative choices and communicate these findings.
    

This course covers cost accounting as it applies to both manufacturing and service organizations. Topics include job order and process cost systems, budgeting, standard costing, and other selected accounting topics which are used in management decision making.

Upon completion of this course, students are expected to be able to do the following:

1. Use cost-volume-profit analysis for management decision-making.
2. Calculate cost using job-order and process costing systems.
3. Develop a master budget and supporting budgets.
4. Prepare and evaluate a flexible budget.
5. Calculate and evaluate variances from standard costs.
6. Use appropriate analysis and technique to solve non-routine problems.
7. Discuss current topics in cost management accounting.
8. Communicate results in a complete and ethical manner.
9. Use technology to evaluate alternatives, make decisions, and improve productive use of resources.
10. Understand and apply the professional code of ethical conduct for management accountants.

This course examines advanced accounting problems, theory, and financial statement presentations. Topics include consolidations, business combinations, governmental and non-profit reporting, partnership accounting, and foreign exchange transactions.

Upon completion of this course, students are expected to be able to do the following:

1. Understand how to value and record business combinations.
2. Prepare and analyze consolidated financial statements.
3. Prepare and analyze inter-company transactions to understand the effects on the financial statements.
4. Explain how foreign currency transactions are recorded and presented on the financial statement.
5. Understand the difference between governmental, non-profit, and for-profit financial statement reporting.
6. Understand the differences between US GAAP and international accounting standards.
7. Apply accounting valuation methods to financial transactions.
8. Understand partnership accounting and how to allocate profit and loss according to the partnership agreement.
9. Understand the role of the accountant in estates and trusts.
10. Understand basic bankruptcy accounting procedures and transactions.
11. Evaluate usefulness and limitations of advanced accounting topics.
12. Use technology to enhance financial statement reporting, to make decisions, and to increase time efficiency.
     

This course covers audit theory and practice. It emphasizes applying audit theories and procedures in the examination of a company's financial statements by a certified public accountant. Auditing standards, professional ethics, legal responsibilities, and current auditing trends are discussed.

Upon completion of this course, students are expected to be able to do the following:

1. Describe and apply auditing standards.
2. Discuss the auditors’ legal liability, ethics, and independence.
3. Define internal control and distinguish the major components of internal control.
4. Explain the relationship between evidence and audit risk and identify and explain the components of audit risk.
5. Explain basic sampling concepts.
6. Perform appropriate analytical procedures.
    

This course is an in-depth study of corporate financial management strategies. It focuses on decisions regarding risk and return, the management of current assets and current liabilities, capital budgeting using the time value of money concepts, and the maximization of shareholder wealth in a global economy. It also examines organizational use of the stock market and other financial institutions and systems.

Upon completion of this course, students are expected to be able to:

1. Differentiate the various forms of business organization and evaluate the advantages and disadvantages of each
2. Explain the tax and financial reporting requirements for the various forms of business organizations
3. Apply the principles of managing current assets and current liabilities of business entities
4. Assess the existence of management problems or opportunities by analyzing company financial statements and making comparisons to other companies in the same industry
5. Apply the time value of money concept used in the capital budgeting and financing/investment decision making process
6. Prepare cash flow budgets used in the capital budgeting and financing process utilizing the appropriate computer software
7. Prepare a cost-volume-profit analysis for profit planning
8. Examine the financial management of a company in today’s world economy and markets
9. Describe different forms of financing that may be available to a company and evaluate the pros and cons of each
10. Understand the process of “going public” and the related additional reporting requirements
     

This course provides an introduction to federal income tax law and regulations for individuals. Topics include an introduction to federal taxation, determination of gross income and taxable income for individuals, self-employment business income, special tax situations, ways of minimizing individual taxes and an introduction to estates and trusts.

Upon completion of the course students are expected to be able to do the following:

1. Describe the federal tax law principles and concepts as applied to the preparation of an individual's federal tax return.
2. Use and apply commercial software products to prepare an individual federal tax return.
3. Understand the inherent ethical responsibility of individual federal tax return preparation.
4. Evaluate sources of information or data bases which can be used to keep current in the field of tax law.
5. Analyze the tax implications of alternative choices and communicate the findings.
    

This course examines the accounting and reporting issues of foreign owned operations faced by large international firms. Topics include the differences in the accounting principles followed in various countries, determination of the appropriate method to be used in translating and consolidating foreign owned entities with the parent organization, and the harmonization of accounting principles around the globe.

Upon completion of this course, students are expected to be able to do the following:

1. Explain differing accounting principles followed around the world.
2. Explain pros and cons of one set of accounting standards to be used by all countries.
3. Select the appropriate methods to be used in translating the financial statements of a foreign owned entity for consolidation with its parent organization.
4. Explain translation, hedging, and transaction gains or losses inherent in foreign currency transactions.
5. Summarize the basics of international transfer pricing and international taxation.
6. Analyze financial statements of foreign entities.
    

This course examines forensic accounting and the procedures used to review and identify fraudulent transactions. Topics include fraud audit techniques, policies and safeguards for the prevention of fraud, and the use of technology in the forensic audit process.

Upon completion of this course, students are expected to be able to do the following:

1. Identify the signs of possible fraud within the workplace.
2. Select the appropriate audit procedures to be followed in conducting a fraud audit.
3. Select and explain the areas of risk and exposure to fraud in a company situation
4. Describe the various remedies available to those who suffer a loss through fraud.

This introductory course examines the legal context for business, including the legal and regulatory system, the law of contracts, property laws and torts, and forms of business organization, including partnerships and corporations. The course also introduces law and regulation which affect business activities, including employment law, securities, antitrust, bankruptcy, consumer protections, and environmental laws.

This course examines the moral issues to be considered by managers in the 21st century global economy.  Also examined are the ethical frameworks and reasoning skills relevant for resolving moral dilemmas in business organizations.  The social, political, global, and economic environments within which moral issues occur are assessed.  Finally, the legal and regulatory forces that impact ethical decision making in business organizations are examined.

Upon completion of this course, students are expected to be able to do the following:

1. Describe the moral traditions and philosophies that have influenced contemporary business ethics.
2. Assess the variety of ethical issues that have the potential for impacting organizations in the 21st century global economy.
3. Recognize the importance of ethical decision making as a component of management and leadership.
4. Analyze the characteristics and significance of various ethics strategies used by business organizations.
5. Assess the impact of globalization on ethical decision making.
6. Evaluate the legal and regulatory forces that impact business practices and operations.