Accounting Major Requirements

2014 - 2015 Catalog

The Accounting department has the following degrees:

Accounting and Business Administration major leading to a BS with Special Attainments in Commerce degree

A major in accounting and business administration leading to a Bachelor of Science with Special Attainments in Commerce requires 50 credits, as follows:

  1. ACCT 201, 202, 320, 321; BUS 211, 221, 346; ECON 101,102; INTR 201, 202
  2. BUS 217 or 345 (INTR 345)
  3. BUS 398 or 399
  4. Nine credits from among ACCT 310, 311, 328, 330, 340, 356, 357, 358, 360
  5. At least three additional credits chosen from courses numbered ACCT 280 through ACCT 372

Agreements with several schools allow accounting majors an expedited application process for the Master of Science in Accounting. Please see the department head for more information.

  1. Required courses:
    • ACCT 201 - Introduction to Financial Accounting

      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      .

      This course covers the fundamental principles of financial accounting and provides an introduction to the process of accumulating, classifying, and presenting financial information. Primary emphasis is given to understanding the financial statements of a business enterprise.

    • ACCT 202 - Introduction to Managerial Accounting

      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: ACCT 201 and sophomore standing.

      This course covers the preparation and utilization of financial information for internal management purposes. Special emphasis is given to cost determination, cost control, and the development of information for planning and decisions.

    • ACCT 320 - Intermediate Accounting I

      Faculty: Irani, Oliver
      Planned Offering: Fall (when departmental resources permit), Winter
      Credits: 3


      Prerequisite or corequisite: ACCT 202 and at least sophomore standing.

      This course examines the principles of financial accounting as applied to financial statement presentation and the underlying treatment of cash, investments, receivables, inventory, long-term assets, and intangible assets.

    • ACCT 321 - Intermediate Accounting II

      Faculty: Boylan
      Planned Offering: Fall
      Credits: 3


      Prerequisite: ACCT 320 and at least junior standing.

      This course examines financial reporting issues that cover current and long-term liabilities, stockholders' equity, earnings per share, revenue recognition, income taxes, pensions, leases, accounting changes and errors, and cash flows.

    • BUS 346 - Private Law in a Market Economy

      Faculty: Culpepper
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: At least junior standing. Preference to BSADM, ACCB, PACC, or JOURF (JMCB) majors during the first round of registration.

      This course studies the law governing the relations between individuals in day-to-day commerce. The emphasis is on how individuals and firms organize their voluntary agreements in markets, a process governed by the law of contracts. The course covers this process, ranging from the sale of goods, through the securing and payment of debt, to the creation of large corporations. Both the Common Law and the Uniform Commercial Code are analyzed. The course accents procedural and managerial techniques and stresses economic and ethical issues. Writing assignments apply legal theories to literary masterworks and hypothetical situations.

    • BUS 211 - Marketing Management

      Faculty: Bower, Fox, Straughan
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisites: ECON 101 and 102, ACCT 201, and INTR 201; and at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PAAC, JMCB, or JOURF majors during the first round of registration.

      An exploration of strategic marketing. The focus of the course is on the analysis of a firm's current marketing strengths and weaknesses and the development of a strategic plan to capitalize on key opportunities. Topics include environmental analysis, market segmentation, targeting and positioning, and management of the marketing mix. Throughout the course, significant attention is devoted to international issues, the interrelationships between marketing and other disciplines, and the role of ethically and socially responsible marketing.

    • BUS 221 - Managerial Finance

      Faculty: Hoover, Kester, Schwartz
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisites: ECON 101 and 102; ACCT 201 and 202; INTR 202 or equivalent; and at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, ECON, MATH, JMCB, or JOURF majors during the first round of registration.

      A study of finance from a managerial perspective emphasizing the primary goal of the firm as stockholder wealth maximization. Emphasis is on decisions relating to the acquisition of assets and funds and internal management-financial analysis, planning and control, working capital management, capital budgeting, sources and forms of long-term financing, financial structure and the cost of capital, and valuation.

    • ECON 101 - Principles of Microeconomics

      FDR: SS1
      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

    • ECON 102 - Principles of Macroeconomics

      FDR: SS1
      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: ECON 101.

      Continuation of survey begun in ECON 101, with emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

    • INTR 201 - Information Technology Literacy

      Faculty: Ballenger, Boylan (administrator)
      Planned Offering: Fall, Winter
      Credits: 1


      Prerequisite: First-year or sophomore standing

      Through the use of interactive online tutorials, students gain proficiency in and a working knowledge of five distinct areas of information technology literacy: Windows Operating System, spreadsheets (Microsoft Excel), word processing (Microsoft Word), presentation software (Microsoft PowerPoint), and basic networking (the Washington and Lee network, basic Web browsing, and Microsoft Outlook). Lessons, exercises, practice exams and exams mix online efforts and hands-on activities.

    • INTR 202 - Applied Statistics

      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 4


      Prerequisite: INTR 201.

      An examination of the principal applications of statistics in accounting, business, economics, and politics. Topics include descriptive statistics, probability, estimation, hypothesis testing, and regression analysis.

  2. Take one of the following courses:
    • BUS 217 - Management and Organizational Behavior

      Faculty: Dean, Herbert
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: INTR 201; At least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, JMCB, or JOURF majors during the first round of registration.

      A study of management in modern organizations. This course examines the factors which influence individual, group, and firm behavior in the context of the workplace. Topics covered include individual differences, motivation, leadership, business ethics, group behavior, decision making, and organizational design and change.

    • BUS 345 - Business Ethics

      Faculty: Reiter
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: At least junior standing. Preference to BSADM, ACCB, PACC, or JOURF (JMCB) majors during the first round of registration.

      An examination of the moral and ethical issues associated with management policy and executive decisions. The course examines the basic approaches to moral reasoning, macro-moral issues concerning the justice of economic systems, and micro-moral issues, such as the following: conflict of interest, whistle blowing, discrimination in employment, product safety, environment, and advertising.

  3. Take one of the following courses:
    • BUS 398 - Strategic Management

      Faculty: Garvis, Reiter, Touve
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: Senior standing. Limited to BSADM, ACCB, PACC, or JOURF (JMCB) majors.

      A capstone course designed to expose students to a strategic perspective on global issues that impact the firm. Integrative in that it draws on concepts from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations. Practical problem-solving skills are emphasized. Case analysis and/or computer simulation are used extensively in oral presentations and written cases.

    • BUS 399 - Entrepreneurship

      Faculty: Shay
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisites: BUS 211 and 221, and senior standing. Limited to BSADM, ACCB, PACC, or JOURF (JMCB) majors.

      A capstone course focused on developing the knowledge, skills, and abilities necessary to plan, finance, and launch a new business venture. To accomplish this, students utilize strategic management models, theories, and concepts to search the environment for entrepreneurial opportunities, analyze market potential, devise plans for operations, and assess the sources of capital required to convert the opportunity into a viable new business venture. This course uses lectures, case studies, guest speakers, class discussions, and experiential exercises in order to expose students to the challenges that entrepreneurs face. Students work in teams to develop a business plan and give a professional presentation for a high potential new business venture.

  4. Take nine credits from among:
    • ACCT 310 - Accounting Information Systems

      Faculty: Ballenger
      Planned Offering: Fall
      Credits: 3


      Prerequisite: ACCT 201 and at least junior standing.

      An introduction to the information systems used in accounting, including the flow of data from source documents through the accounting cycle into reports for decision makers; the principle of internal control; flowcharting and systems narratives; and use of computers and database systems in accounting information. Students have hands-on experience implementing and using accounting information systems.

    • ACCT 311 - Financial Statement Analysis

      Faculty: Fafatas
      Planned Offering: Fall
      Credits: 3


      Prerequisites: ACCT 202 and at least junior standing.

      Students work to prepare an industry and a company analysis. Through presentations, written analyses and extensive work using computer spreadsheets and databases, students learn to analyze and interpret financial statements of publicly traded companies.

    • ACCT 328 - Contemporary Cases in Financial Accounting

      Faculty: Oliver
      Planned Offering: Winter
      Credits: 3


      Prerequisite: ACCT 320 and at least junior standing. Not open to students who have taken ACCT 327.

      The objective of this course is to understand the financial accounting standard setting process and the roles different institutions play in that process as well as to learn to use the FASB Codification along with other accounting information to research solutions to real world cases.

    • ACCT 330 - Cost Accounting

      Faculty: Bai
      Planned Offering: Winter
      Credits: 3


      Prerequisite: ACCT 202 and at least sophomore standing.

      This course covers selected topics from cost accumulation, planning, reporting, control and decision making. Use of spreadsheets is required.

    • ACCT 340 - Advanced Accounting

      Faculty: Wiest
      Planned Offering: Fall
      Credits: 3


      Prerequisite: ACCT 321 and at least junior standing.

      This course covers accounting for business combinations and partnerships; segment and interim reporting; foreign currency transactions and translation of foreign currency financial statements; governmental and nonprofit accounting.

    • ACCT 356 - Taxation of Business Entities and Special Topics in Taxation

      Faculty: Alexander
      Planned Offering: Fall
      Credits: 3


      Prerequisite: ACCT 201 and at least junior standing.

      This course begins by establishing a basic understanding of income tax laws as they relate to C corporations and flow-through entities (e.g., partnerships, s-corporations, limited liability corporations). The course includes modules on specialized tax topics such as international taxation, state and local taxation, taxation of investments, accounting for income taxes, and taxation of property.

    • ACCT 357 - Tax Research

      Faculty: Alexander
      Planned Offering: Not offered in 2014-2015
      Credits: 3


      Prerequisite: ACCT 355.

      This course covers tax research fundamentals, focusing on finding and interpreting legislative, administrative and judicial authorities. Students use online tax databases extensively to complete research problems outside of class. This course includes a service component.

    • ACCT 358 - Individual Income Taxation and Financial Planning

      Faculty: Alexander
      Planned Offering: Winter
      Credits: 3


      Prerequisite: At least junior standing.

      This course focuses on the tax and non-tax factors to consider when managing personal/family financial affairs. Topics include tax-subsidized savings and investment vehicles, deductions, and credits for individuals and families, executive compensation and fringe benefits, real estate ownership, and intergenerational giving.

    • ACCT 360 - Auditing

      Faculty: Hess
      Planned Offering: Winter
      Credits: 3


      Prerequisites: ACCT 321, at least junior standing, and accounting major.

      This course examines auditing and its role in a market economy. Course content focuses on the market for audit services, audit planning, evidence gathering, and reporting.

  5. At least three additional credits chosen from courses numbered ACCT 280 through ACCT 372

Public Accounting major leading to a BS with Special Attainments in Commerce degree

A major in public accounting leading to a Bachelor of Science with Special Attainments in Commerce requires 56 credits (with 144 credits total being required to graduate) as follows:

  1. ACCT 201, 202, 310, 320, 321, 330, 360; BUS 211, 221, 346; ECON 101, 102, INTR 201, 202
  2. BUS 217 or 345 (INTR 345)
  3. BUS 398 or 399
  4. At least six credits chosen from among ACCT 280, 297, 311 , 328, 329, 340, 356, 357, 358, 370, 372, 403, 453, and 493 (3-3)

The major in public accounting is appropriate for students who are interested in sitting for the CPA examination, for which nearly all states require at least a bachelor's degree and 150 credits of college-level work. Students interested in taking the examination and working for a public accounting firm after graduation are strongly urged to consult the department head as early as possible in their college careers to discuss the curricular options.

Agreements with several schools allow accounting majors an expedited application process for the Master of Science in Accounting. Please see the department head for more information.

  1. Required courses:
    • ACCT 201 - Introduction to Financial Accounting

      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      .

      This course covers the fundamental principles of financial accounting and provides an introduction to the process of accumulating, classifying, and presenting financial information. Primary emphasis is given to understanding the financial statements of a business enterprise.

    • ACCT 202 - Introduction to Managerial Accounting

      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: ACCT 201 and sophomore standing.

      This course covers the preparation and utilization of financial information for internal management purposes. Special emphasis is given to cost determination, cost control, and the development of information for planning and decisions.

    • ACCT 310 - Accounting Information Systems

      Faculty: Ballenger
      Planned Offering: Fall
      Credits: 3


      Prerequisite: ACCT 201 and at least junior standing.

      An introduction to the information systems used in accounting, including the flow of data from source documents through the accounting cycle into reports for decision makers; the principle of internal control; flowcharting and systems narratives; and use of computers and database systems in accounting information. Students have hands-on experience implementing and using accounting information systems.

    • ACCT 320 - Intermediate Accounting I

      Faculty: Irani, Oliver
      Planned Offering: Fall (when departmental resources permit), Winter
      Credits: 3


      Prerequisite or corequisite: ACCT 202 and at least sophomore standing.

      This course examines the principles of financial accounting as applied to financial statement presentation and the underlying treatment of cash, investments, receivables, inventory, long-term assets, and intangible assets.

    • ACCT 321 - Intermediate Accounting II

      Faculty: Boylan
      Planned Offering: Fall
      Credits: 3


      Prerequisite: ACCT 320 and at least junior standing.

      This course examines financial reporting issues that cover current and long-term liabilities, stockholders' equity, earnings per share, revenue recognition, income taxes, pensions, leases, accounting changes and errors, and cash flows.

    • ACCT 330 - Cost Accounting

      Faculty: Bai
      Planned Offering: Winter
      Credits: 3


      Prerequisite: ACCT 202 and at least sophomore standing.

      This course covers selected topics from cost accumulation, planning, reporting, control and decision making. Use of spreadsheets is required.

    • ACCT 360 - Auditing

      Faculty: Hess
      Planned Offering: Winter
      Credits: 3


      Prerequisites: ACCT 321, at least junior standing, and accounting major.

      This course examines auditing and its role in a market economy. Course content focuses on the market for audit services, audit planning, evidence gathering, and reporting.

    • BUS 346 - Private Law in a Market Economy

      Faculty: Culpepper
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: At least junior standing. Preference to BSADM, ACCB, PACC, or JOURF (JMCB) majors during the first round of registration.

      This course studies the law governing the relations between individuals in day-to-day commerce. The emphasis is on how individuals and firms organize their voluntary agreements in markets, a process governed by the law of contracts. The course covers this process, ranging from the sale of goods, through the securing and payment of debt, to the creation of large corporations. Both the Common Law and the Uniform Commercial Code are analyzed. The course accents procedural and managerial techniques and stresses economic and ethical issues. Writing assignments apply legal theories to literary masterworks and hypothetical situations.

    • BUS 211 - Marketing Management

      Faculty: Bower, Fox, Straughan
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisites: ECON 101 and 102, ACCT 201, and INTR 201; and at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PAAC, JMCB, or JOURF majors during the first round of registration.

      An exploration of strategic marketing. The focus of the course is on the analysis of a firm's current marketing strengths and weaknesses and the development of a strategic plan to capitalize on key opportunities. Topics include environmental analysis, market segmentation, targeting and positioning, and management of the marketing mix. Throughout the course, significant attention is devoted to international issues, the interrelationships between marketing and other disciplines, and the role of ethically and socially responsible marketing.

    • BUS 221 - Managerial Finance

      Faculty: Hoover, Kester, Schwartz
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisites: ECON 101 and 102; ACCT 201 and 202; INTR 202 or equivalent; and at least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, ECON, MATH, JMCB, or JOURF majors during the first round of registration.

      A study of finance from a managerial perspective emphasizing the primary goal of the firm as stockholder wealth maximization. Emphasis is on decisions relating to the acquisition of assets and funds and internal management-financial analysis, planning and control, working capital management, capital budgeting, sources and forms of long-term financing, financial structure and the cost of capital, and valuation.

    • ECON 101 - Principles of Microeconomics

      FDR: SS1
      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      Survey of economic principles and problems with emphasis on analysis of consumer behavior, firm behavior, market outcomes, market structure, and microeconomic policy. The first half of a two-term survey of economics. Should be followed by ECON 102.

    • ECON 102 - Principles of Macroeconomics

      FDR: SS1
      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: ECON 101.

      Continuation of survey begun in ECON 101, with emphasis on performance of the aggregate economy. Analysis of unemployment, inflation, growth, and monetary and fiscal policies.

    • INTR 201 - Information Technology Literacy

      Faculty: Ballenger, Boylan (administrator)
      Planned Offering: Fall, Winter
      Credits: 1


      Prerequisite: First-year or sophomore standing

      Through the use of interactive online tutorials, students gain proficiency in and a working knowledge of five distinct areas of information technology literacy: Windows Operating System, spreadsheets (Microsoft Excel), word processing (Microsoft Word), presentation software (Microsoft PowerPoint), and basic networking (the Washington and Lee network, basic Web browsing, and Microsoft Outlook). Lessons, exercises, practice exams and exams mix online efforts and hands-on activities.

    • INTR 202 - Applied Statistics

      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 4


      Prerequisite: INTR 201.

      An examination of the principal applications of statistics in accounting, business, economics, and politics. Topics include descriptive statistics, probability, estimation, hypothesis testing, and regression analysis.

  2. Take one of the following courses:
    • BUS 217 - Management and Organizational Behavior

      Faculty: Dean, Herbert
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: INTR 201; At least junior standing (sophomores allowed in winter term). Preference to BSADM, ACCB, PACC, JMCB, or JOURF majors during the first round of registration.

      A study of management in modern organizations. This course examines the factors which influence individual, group, and firm behavior in the context of the workplace. Topics covered include individual differences, motivation, leadership, business ethics, group behavior, decision making, and organizational design and change.

    • BUS 345 - Business Ethics

      Faculty: Reiter
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: At least junior standing. Preference to BSADM, ACCB, PACC, or JOURF (JMCB) majors during the first round of registration.

      An examination of the moral and ethical issues associated with management policy and executive decisions. The course examines the basic approaches to moral reasoning, macro-moral issues concerning the justice of economic systems, and micro-moral issues, such as the following: conflict of interest, whistle blowing, discrimination in employment, product safety, environment, and advertising.

  3. Take one of the following courses:
    • BUS 399 - Entrepreneurship

      Faculty: Shay
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisites: BUS 211 and 221, and senior standing. Limited to BSADM, ACCB, PACC, or JOURF (JMCB) majors.

      A capstone course focused on developing the knowledge, skills, and abilities necessary to plan, finance, and launch a new business venture. To accomplish this, students utilize strategic management models, theories, and concepts to search the environment for entrepreneurial opportunities, analyze market potential, devise plans for operations, and assess the sources of capital required to convert the opportunity into a viable new business venture. This course uses lectures, case studies, guest speakers, class discussions, and experiential exercises in order to expose students to the challenges that entrepreneurs face. Students work in teams to develop a business plan and give a professional presentation for a high potential new business venture.

    • BUS 398 - Strategic Management

      Faculty: Garvis, Reiter, Touve
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisite: Senior standing. Limited to BSADM, ACCB, PACC, or JOURF (JMCB) majors.

      A capstone course designed to expose students to a strategic perspective on global issues that impact the firm. Integrative in that it draws on concepts from functional disciplines (e.g., finance, marketing, accounting) in the diagnosis, analysis, and resolution of complex business situations. Practical problem-solving skills are emphasized. Case analysis and/or computer simulation are used extensively in oral presentations and written cases.

  4. At least six credits chosen from among:
    • ACCT 280 - History Through Accounting

      Faculty: Fafatas
      Planned Offering: Spring 2014 and alternate years
      Credits: 4


      This class explores the development of accounting through the study of historical economic, business, and cultural issues. From Venetian merchants to recent scandals, this course seeks to learn how accounting has impacted society and vice versa. The course begins by reviewing early evidence of accounting methods as important tools for decision makers and then moves on to the development of financial reporting, with a large focus on the history of the railroad industry in the U.S. The class combines readings with site visits to libraries, historical societies, and businesses to dig into the forces that have helped shape accounting into the science it is today.

    • ACCT 297 - Spring-Term Topics in Accounting

      Planned Offering: Spring
      Credits: 4


      Prerequisites: ACCT 201 and others which may vary by topic.

      Intensive study of specific accounting issues in significant detail. Pedagogy depends on the specific topic but generally emphasizes discussion, research, fieldwork, projects, or case analysis rather than lecture. Specific course content changes from term to term, and is announced prior to preregistration. May be repeated for degree credit if the topics are different.

    • ACCT 311 - Financial Statement Analysis

      Faculty: Fafatas
      Planned Offering: Fall
      Credits: 3


      Prerequisites: ACCT 202 and at least junior standing.

      Students work to prepare an industry and a company analysis. Through presentations, written analyses and extensive work using computer spreadsheets and databases, students learn to analyze and interpret financial statements of publicly traded companies.

    • ACCT 328 - Contemporary Cases in Financial Accounting

      Faculty: Oliver
      Planned Offering: Winter
      Credits: 3


      Prerequisite: ACCT 320 and at least junior standing. Not open to students who have taken ACCT 327.

      The objective of this course is to understand the financial accounting standard setting process and the roles different institutions play in that process as well as to learn to use the FASB Codification along with other accounting information to research solutions to real world cases.

    • ACCT 329 - Writing and Research for Accountants II

      Faculty: Oliver
      Planned Offering: Offered when interest is expressed and departmental resources permit
      Credits: 1


      Prerequisite: ACCT 328 and at least junior standing.

      Concentrated work in writing for the business world and researching financial accounting issues sharpen students analytical and writing skills. Students continue to hone their writing and researching skills using the transactions covered in Intermediate Accounting II.

    • ACCT 340 - Advanced Accounting

      Faculty: Wiest
      Planned Offering: Fall
      Credits: 3


      Prerequisite: ACCT 321 and at least junior standing.

      This course covers accounting for business combinations and partnerships; segment and interim reporting; foreign currency transactions and translation of foreign currency financial statements; governmental and nonprofit accounting.

    • ACCT 356 - Taxation of Business Entities and Special Topics in Taxation

      Faculty: Alexander
      Planned Offering: Fall
      Credits: 3


      Prerequisite: ACCT 201 and at least junior standing.

      This course begins by establishing a basic understanding of income tax laws as they relate to C corporations and flow-through entities (e.g., partnerships, s-corporations, limited liability corporations). The course includes modules on specialized tax topics such as international taxation, state and local taxation, taxation of investments, accounting for income taxes, and taxation of property.

    • ACCT 357 - Tax Research

      Faculty: Alexander
      Planned Offering: Not offered in 2014-2015
      Credits: 3


      Prerequisite: ACCT 355.

      This course covers tax research fundamentals, focusing on finding and interpreting legislative, administrative and judicial authorities. Students use online tax databases extensively to complete research problems outside of class. This course includes a service component.

    • ACCT 358 - Individual Income Taxation and Financial Planning

      Faculty: Alexander
      Planned Offering: Winter
      Credits: 3


      Prerequisite: At least junior standing.

      This course focuses on the tax and non-tax factors to consider when managing personal/family financial affairs. Topics include tax-subsidized savings and investment vehicles, deductions, and credits for individuals and families, executive compensation and fringe benefits, real estate ownership, and intergenerational giving.

    • ACCT 370 - Casino Accounting, Auditing, and Financial Analysis

      Faculty: Boylan
      Planned Offering: Not offered in 2014-2015
      Credits: 4


      Prerequisites: ACCT 320 or instructor consent, and must be 21 years of age by the first day of Spring classes.

      This course provides an introduction to financial accounting and auditing in the gaming industry. Topics include the design and implementation of controls over cash, revenue recognition and measurement, accounting for the extension of casino credit , progressive jackpot liabilities, complimentary expenditures, and customer loyalty programs.

    • ACCT 372 - Management Accounting in China

      Faculty: Bai
      Planned Offering: Spring 2015 and alternate years
      Credits: 4


      Prerequisite: ACCT 202.

      The objective of this course is to expose students to management accounting practices in China. Students (i) visit multinational companies and Chinese enterprises to discuss with business leaders to understand management accounting practices in businesses of different structures in China; (ii) attend lectures and listen to guest speakers to understand historical, cultural, economic, political, labor, resources, and environmental contexts that shape China's business environment and management accounting practices; (iii) conduct field trips to explore China's long history, distinctive culture, and its recent economic development. This unique learning experience prepares students for future accounting and business engagement with China.

    • ACCT 403 - Directed Individual Study

      Faculty: Staff
      Planned Offering: Fall, Winter
      Credits: 3


      Prerequisites: 12 credits in accounting courses numbered above 202, either a cumulative grade-point average of 3.000 or of 3.000 in all accounting courses, at least junior standing, and instructor consent.

      The objective is to permit students to follow a course of directed study in some field of accounting not presented in other courses, or to emphasize a particular field of interest. May be repeated for degree credit if the topics are different.

    • ACCT 453 - Internship

      Faculty: Staff
      Planned Offering: Fall
      Credits: 3


      Prerequisites: ACCT 320, senior standing, and consent of the department. Limited to declared public accounting majors.

      Graded Satisfactory/Unsatisfactory. Professional service in a public accounting firm or approved equivalent, arranged and supervised individually. Students proposing to undertake an internship must coordinate their plans with the department's internship supervisor prior to the internship. Students undertaking an internship in the summer may receive credit in the following fall only as an overload.

    • ACCT 493 - Honors Thesis

      Planned Offering: Fall-Winter
      Credits: 3-3


      Prerequisite: Take 12 credits from Accounting, except courses ACCT-201, ACCT-202, and senior standing. Instructor consent required.

      Honors Thesis.