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Accounting (ACC)

Courses

ACC 121  Software Based Bookkeeping  1 Credit (1,0)

This course will introduce students to software based bookkeeping. Throughout the course students will learn how to create a new company in the software based program, enter sales information and create invoices, track inventory, work with bank accounts, receive payments and make deposits, enter and pay bills, work with payroll, and analyze financial data with reports.

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 307  Governmental & Not-for-Profit Accounting  3 Credits (3,0)

TThis course will examine the procedures of accounting, financial reporting and budgeting for governmental and nonprofit entities. The course will cover the theories behind standards set by the Governmental Accounting Standards Board (GASB) and its integrated accounting and financial reporting model. It will explain governmental funds, proprietary funds and fiduciary funds.
Prerequisites: ACC 210.

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 313  Regional Studies in Accounting and Auditing  3 Credits (3,0)

The course is an in-depth study of international accounting and auditing focusing on the various reporting and auditing standards of the region. Objectives of this course are to provide the students with a specialized focus within the chosen region, on the application of International Financial Reporting Standards (IFRS) and the International Auditing Standards (IAS), issues faced by multinational companies and international corporate governance.

ACC 329  Forensic Accounting and Fraud Examination  3 Credits (3,0)

This course will cover the basic concepts of forensic accounting and fraud examination. Course content includes criminology, ethics, legal and regulatory environments, investigative tools and techniques, introduction to fraud schemes, and financial litigation. Students will learn special skills in accounting, auditing, quantitative skills, certain areas of law and evidential matters, valuation of closely held businesses, lost profits analyses, litigation support services, and legal concepts governing expert witness testimony.

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 401  Accounting Information Systems  3 Credits (3,0)

This course introduces students to the use of information systems in the accounting process with an emphasis on computer systems and internal controls. The course will cover the principles involved in establishing an accounting information system, including source documents and interfaces needed for managerial accounting information needs with the design and implementation of systems. Students will review and analyze typical business processes, evaluate internal controls commonly implemented by business firms, and are exposed to a wide variety of tools, trends and techniques. These include flowcharts and communications tools, database management systems, enterprise resource planning (ERP), e-business and traditional legacy processing
Prerequisites: ACC 121 and ACC 210.

ACC 429  Fraud Auditing and Examination  3 Credits (3,0)

This course will cover the basic concepts of fraud investigation. It is intended to help students understand the role of the Fraud auditors and investigators. Course content will include criminology, ethics, investigative tools and techniques, fraud schemes, recognizing red flags and differentiating between financial and fraud auditing. By the end of the course students are able to understand both the pervasiveness and the causes of fraud and white-collar crime in our society. The course will prepare students to sit for the Certified Fraud Examiner Exam upon graduation.

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.
Prerequisites: ACC 210 and ACC 312.

ACC 470  Forensic Accounting Capstone Internship  3 Credits (3,0)

This course is designed to permit the student to use the forensic accounting and fraud examination skills gained throughout the program in a related, professional environment while sharpening their research and analytical skills. Students must demonstrate high-level analysis in a research paper related to the internship experience. Course requires departmental approval and is only open to seniors in the Forensic Accounting and Fraud Examination degree program.
Prerequisites: Senior Standing in FAFE program.

ACC 475  Forensic Accounting Senior Thesis  3 Credits (3,0)

The course is designed to permit the student to use the forensic accounting and fraud examination skills gained throughout the program while sharpening their research and analytical skills. It is a classic thesis research course that will enable a student to focus on an approved topic that requires an intensive review of the relevant literature, extensive independent research, and superior organization and writing. The senior thesis should provide a degree of originality in research, research method, and/or analysis. Course requires departmental approval and is only open to seniors in the Forensic Accounting and Fraud Examination degree program.
Prerequisites: Senior Standing in FAFE program.