ACCOUNTING (ACT)

ACT 214. PRINCIPLES OF FINANCIAL ACCOUNTING I (3). Basic first-level college course designed   or business and nonbusiness students. The course emphasizes the uses of financial statement information (income statement, statement of owners' equity, balance sheet and statement of cash flows) for decision making.  The user orientation is based on the needs of present and potential investors, creditors and other interested parties in sole proprietors, partnerships and corporations. Prerequisite: CIS 205.

 ACT 215. PRINCIPLES OF FINANCIAL ACCOUNTING II AND MANAGERIAL ACCOUNTING (3). A continuation of ACT 214 along with the use of accounting information for management planning and control.  Subject matter includes performance measurements, patterns of cost behavior, cost volume-profit relationships, budgets, standards, evaluation techniques and an introduction to long-range planning. Prerequisite: ACT 214.

 ACT 313. INTERMEDIATE ACCOUNTING I (3). A study of financial reporting and the accounting profession that includes the conceptual framework of accounting, the accounting process; the preparation of the income statement, statement of owners equity, balance sheet and statement of cash flows; time value of money; and accounting applications. Prerequisite: ACT 215.

 ACT 314. INTERMEDIATE ACCOUNTING II (3). A study of assets that includes cash and temporary investments, receivables, inventories, cost allocation and valuation, estimation and noncost valuation procedures; noncurrent operating assets-acquisition, utilization and retirement; long-term investments in equity securities and other assets. Prerequisite: ACT 313.

 ACT 315. INTERMEDIATE ACCOUNTING III (3). A study of liabilities and equity; special problems in income determination and reporting that include accounting for leases, pensions and other postretirement benefits; income taxes; and accounting changes and corrections, financial reporting and analysis that include earnings per share computations, reporting the impact of changing prices-domestic and foreign and financial statement analysis. Prerequisite: ACT 314.

 ACT 318. INCOME TAX ACCOUNTING (3). A basic course in income tax law and accounting, preparation of federal individual, partnership and corporation tax returns. This course also involves tax planning and accounting records for income tax purposes. Prerequisites: ACT 215, ECO 252, MGT 255.

 ACT 411. COST ACCOUNTING (3). Fundamental concepts of cost accounting. Emphasis is on job order, process and standard cost systems; cost accounting as a managerial tool in decision-making processes; and preparation of various cost reports. Prerequisite: ACT 215.

 ACT 415. ADVANCED ACCOUNTING (3). Theory and problems relating to corporate mergers and consolidations, multinational corporations and foreign currency translations and re-measurements, insolvency and liquidations, Securities and Exchange Commission reporting requirements and partnerships. Prerequisite: ACT 315.

 ACT 418. AUDITING (3). This course explores the contemporary transactions approach to auditing and assurance engagements; orients students to auditing standards and emphasizes the accounting principles utilized in the expression of the auditors opinion; and explains the ethics of the profession and the responsibilities of the auditor. Prerequisites: ACT 318, ACT 411, ACT 415.

 ACT 419. FUND ACCOUNTING (3). Accounting theory and practice applicable to institutions, such as municipalities, state and local units of government, organization, fiscal procedures, budgetary control, classification and use of funds, auditing, financial statements and reports. Prerequisite: ACT 315 or special permission of the instructor.

 ACT 420. C.P.A. REVIEW (3). Comprehensive review of the areas of concentration covered on the Uniform Certified Public Accountants Examination. Assists students who desire to sit for the C.P.A. examination. Prerequisites: All required major courses, senior standing.

 ACT 421. EDP AUDITING (3). This course deals with the process of collecting and evaluating evidence to determine whether a computer system safeguards assets, maintains data integrity, achieves organizational goals effectively and consumes resources efficiently. Prerequisites: ACT 418, CIS 206.

 ACT 422. INTERNAL AUDITING (3). This course introduces the student to the underlying standards, principles and procedures relating to the professional practice of internal auditing. Prerequisite: ACT 418 or consent of chairperson.

 ACT 424. C.I.A. REVIEW (3). This course serves as a review for students who intend to take the Certified Internal Auditor's Examination. Prerequisite: ACT 422.

 ACT 430. ACCOUNTING THEORY SEMINAR (3). An in-depth study of basic tenets of accounting; special emphasis on pronouncements of various authoritative bodies. History of accounting briefly considered. Prerequisites: ACT 315, senior standing.

  FINANCE (FIN)

 FIN 321. ESSENTIALS OF MANAGERIAL FINANCE (3). An introductory course of the theory of business finance - the financial environment, risk and return, the time value of money, valuation models, cost of capital, capital budgeting, sources/uses of funds and capital structure of the firm.  Prerequisites:  ACT 215, ECO 331, ECO 252, CIS 206.

 FIN 323. INTERMEDIATE FINANCIAL MANAGEMENT (3). An advanced study of risk and return, evaluation models, cost of capital, capital budgeting and project evaluation.  Also considers forecast-based financial analysis and financial planning and evaluation of current items-cash, marketable securities, receivables and payables, and inventories.  Prerequisite:  FIN 321.

 FIN 324. PRINCIPLES AND PRACTICES OF REAL ESTATE FINANCE (3). This course is designed to provide a clear and detailed understanding of every aspect of real estate, with special emphasis on new federal legislation affecting real estate along with chapters on analysis for the investment decision. Prerequisites: FIN 321, MGT 321, MKT 321. (offered exclusively at AUM)

 FIN 416. INSURANCE (3). This course is designed to give the student a basic knowledge of the various types of insurance, warranties, liabilities and coverage peculiar to each one treated. Attention is also given to distinctions and divisions within each type. Prerequisite: FIN 321 (offered exclusively at AUM).

 FIN 417. REAL ESTATE FINANCE (3). An overall view of the real estate market. The course surveys the different property ownerships. It looks at real estate as a business opportunity. Finally, the course covers the area of evaluation and appraisal of real estate property. Prerequisite: FIN 323.

FIN 418. REAL ESTATE APPRAISAL (3). A course designed primarily for finance majors. Emphasis is placed on the development of a keen sense of judgment in an attempt to obtain a just and fair opinion or estimate of the value of a parcel of real property. Prerequisite: FIN 417.

FIN 421. INVESTMENTS (4). A study of various investment instruments and their characteristics, investor choice, and an introduction to the basics of security analysis, portfolio management and speculative markets. Prerequisite:  FIN 323.

FIN 423. FINANCIAL INSTITUTIONS (3). A study of the functions, operations and structure of the financial institutions industry.  Analysis of similarities and differences in their sources and uses of funds.  Prerequisite:  FIN 323.