dcsimg

Accounting (ACC)

Courses

ACC 210  Financial Accounting  3 Credits (3,0)

An introduction to accounting information systems and financial reports, including accounting concepts and analysis and interpretation of financial reports with an emphasis on the operating activities of aviation-related businesses.

ACC 312  Managerial Accounting  3 Credits (3,0)

Emphasizes management's use of cost information in internal decision-making. Decision-making processes include cost analysis, control, allocation, and planning. A variety of accounting techniques applicable to aviation/aerospace companies are presented.
Prerequisites: ACC 210.

ACC 338  Intermediate Accounting I  3 Credits (3,0)

Intermediate Accounting I is the first of two intermediate financial accounting courses. The objective of this course is to contribute to the development of the student's ability to understand and analyze financial accounting topics and to learn how to prepare and read annual reports. The course enables the student to develop an understanding of the institutional framework surrounding the development of generally accepted accounting standards (GAAP), applying the theory of financial accounting and reporting, evaluating the methodology used to report an enterprise's financial position and results of operations, and applying GAAP to various business events. Topics include the conceptual framework of accounting, accounting information systems, financial statements, receivables, inventories, acquisition and disposition of property, plant and equipment, depreciation and intangible assets.
Prerequisites: ACC 210.

ACC 340  International Accounting  3 Credits (3,0)

This course introduces the student to accounting in the global environment. The student will learn about accounting systems and reporting practices around the world. Efforts toward accounting harmonization and the impact of international financial reporting standards will be discussed. Specific accounting topics such as accounting for currency exchange rate changes; financial reporting and disclosure issues in a global context; and using financial statements across borders and in emerging capital markets, will be covered. Managerial issues in an international context will also be discussed.
Prerequisites: ACC 210.

ACC 348  Intermediate Accounting II  3 Credits (3,0)

Intermediate Accounting II is the second of two intermediate financial accounting courses. The objective of this course is to continue the development of the student's ability to understand and analyze financial accounting topics and to learn in greater depth and detail how to prepare and read annual reports. The course enables the student to develop a more detailed understanding of the institutional framework surrounding the development of generally accepted accounting standards (GAAP), applying the theory of financial accounting and reporting, evaluating the methodology used to report an enterprise's financial position and results of operations, and applying GAAP to various more technical business transactions. Topics include current and non-current liabilities, leases, deferred taxes, retirement benefits, stockholders' equity, earning per share, accounting changes and errors, statement of cash flows, and full disclosure in financial reporting.
Prerequisites: ACC 210 and ACC 338.

ACC 351  Auditing Principles and Procedures  3 Credits (3,0)

This course introduces students with the basic concepts of auditing and the role the auditor plays in a business environment. The course examines the nature of auditing by focusing on both auditing principles and practice including statutory requirements; auditing standards; guidelines; and other professional pronouncements. The course also addresses the auditing ethical and legal environment, objectives and procedures, materiality, risk management, sampling, and auditing in a computer environment.
Prerequisites: ACC 210.

ACC 399  Special Topics in Accounting  1-6 Credit

Individual independent or directed studies of selected topics in accounting.

ACC 439  Federal Taxation  3 Credits (3,0)

This course focuses on the fundamentals of federal income taxation. The materials covered will include the tax concepts and applications in corporate taxation, individual taxation, partnership taxation, transactions in property, and gift and estate taxation.