111 – Introductory Financial Accounting (3 credit hours)

Introduction to financial accounting and reporting, including the role of financial information in business decisions, the basic financial statements and the processes used to prepare these financial statements. Students are introduced to the accounting and reporting issues associated with an organization’s financing, investing, and operating activities. P—Sophomore standing, minimum cumulative GPA 2.85

First Session Course:

  • 50227 – 8:00AM-9:15AM– FARR 157, Staff

211 – Financial Accounting Theory and Problems I (4 credit hours)

Study of the conceptual framework underlying financial accounting in the U.S. as well as the financial accounting standards setting process and the basic corporate financial statements. Financial accounting and reporting issues associated with receivables, inventories, property, plant and equipment and intangible assets are also examined. P—Minimum of C in ACC 111.

First Session Course:

  • 50228 – 8:55AM-10:40AM – FARR 155, Staff

212 – Financial Accounting Theory and Problems II (4 credit hours)

Examination of financial accounting and reporting issues associated with current liabilities and contingencies, long-term liabilities, stockholders’ equity, dilutive securities and earnings per share, income taxes, pensions, postretirement benefits, leases, financial statement errors and the statement of cash flows. P—Minimum of C in ACC 211.

Second Session Course:

  • 50230 – 10:50AM-12:30AM – FARR A48, Staff

237  – Taxes and Their Role in Business and Personal Decisions (3 credit hours)

Review of legal and accounting concepts associated with the federal taxation of personal income. Topics examined include the regular and alternative minimum tax models as well as gross income, capital gains, property transactions, deductions, and credits. P or C—ACC 211 or POI.

Second Session Course:

  • 50231 – 9:00AM-10:15AM – FARR A17, Staff

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