2113 -- Financial Accounting --
3 credit hours
Introduction to the concepts and principles involved
in the preparation of financial statements. Topics covered
include: the accounting cycle, the balance sheet, income statement,
assets, liabilities, and stockholder equity. The emphasis is
on external reporting requirements.
Prerequisite: MATH 1013, unless
mathematics waiver requirements are met.
2123 -- Managerial Accounting -- 3 credit
Introduction to the concepts and principles involved in the
preparation of internal financial reports. Topics covered
include: job order and process costing, budgeting, variance
analysis, and financial statement analysis. Emphasis is on
reporting for management controlling, decision-making, and planning
purposes. Prerequisite: ACCT
3113 -- Intermediate Accounting I -- 3 credit
Introduction to intermediate concepts and principles involved in
the preparation of GAAP-based financial statements. Topics
covered include: cash, temporary investments, current assets,
inventory, plant assets, and investments.
Prerequisite: ACCT 2123 with a minimum
grade of C+ or instructor's permission.
3123 -- Intermediate Accounting II -- 3 credit
A continuation of Intermediate Accounting I. Topics covered
include: current and long-term liabilities, earnings per share,
revenue recognition, income taxes, leases, pensions, and financial
statement analysis. Prerequisite:
3303 -- Cost Accounting -- 3 credit hours
Examines topics related to the internal reporting of financial
information to management. Topics covered include: costing
systems, budgeting, variance analysis, variable costing, absorption
costing, joint costs, cost allocation, and cost-volume-profit
analysis. Prerequisite: ACCT
3453 -- Taxation I: Taxation of Individuals -- 3 credit
Focuses on the federal income taxation of the individual
taxpayer. Emphasis is on income tax compliance with
discussions of income tax planning for investment activities,
property transactions, and ordinary income.
Prerequisite: ACCT 2123.
3973 -- Accounting Information Systems -- 3 credit
Provides students with a variety of technology and business
analysis concepts and skills. Topics include data modeling,
transaction processing systems, internal controls, enterprise
systems, systems development, information security, and computer
fraud. Includes hands-on experience in both manual and
computerized accounting systems.
Prerequisites/Corequesites: ACCT 3113,
ACCT 3303, and CIS 1003.
4353 -- Auditing -- 3 credit hours
Examines the attest function. Topics covered include
professional responsibilities, audit planning, audit evidence, and
reporting requirements. Emphasis is placed upon areas covered
on the CPA examination.
Prerequisites: ACCT 3123
and senior standing.
4453 -- Taxation II: Taxation of Business Entities -- 3
Emphasizes compliance and planning concepts for the business
entity, including the C-corporation, S-corporation, and
partnerships. Essentials of tax research will also be
covered. Prerequisite: ACCT
4553 -- Advanced Accounting -- 3 credit
Examination of advanced accounting concepts, such as mergers and
consolidations, foreign currency transactions and other
international accounting issues, partnerships, estates, and trusts.
Prerequisite: ACCT 3123.
4653 -- Not-for-Profit Accounting -- 3 credit
Introduction and examination of the concepts and principles
involved in governmental and nonprofit accounting. Topics
covered include: financial reporting, funds, encumbrances,
expenditures, revenues, and budgets. Special emphasis is
placed on the similarities and differences between corporate and
not-for-profit accounting and reporting.
Prerequisite: ACCT 3123.
4723 -- Income Tax Practice Seminar -- 3 credit
Practical application of Federal and Kentucky individual
income tax law through service learning. In conjunction with
the AARP Tax-Aide program and Internal Revenue Service Volunteer
income tax assistance program, students provide free federal and
state income tax return preparation and e-filing for the local
community. Prerequisite: ACCT 3453
and instructor's permission.