2014–2015 Accounting Courses

 

ACCT 213 Accounting Principles (4)
An introductory course in fundamental accounting concepts that provides students with an understanding of how accounting is utilized by management, investors, creditors and other organization stakeholders. The primary learning objective is to develop an understanding of how economic events and transactions affect the financial position of an organization. Offered Fall, Spring and Summer semesters.
 
ACCT 350/360 Intermediate Accounting I and II (4–4)
Provides in-depth coverage of financial accounting and numerous recent developments in accounting valuation and reporting practices. Includes theory, practices, and pronouncements of authoritative professional accounting bodies. Prerequisites: ACCT 213; ACCT 350 must be taken prior to ACCT 360. Offered Fall and Spring semesters.
 
ACCT 374 Managerial and Cost Accounting (4)
An overview of managerial and cost accounting concepts addressing cost concepts and classifications, cost accounting systems, cost behavior and analysis, profit planning, standard costing and overhead analysis, segment reporting and decentralization and understanding relevant costs for decision-making. Prerequisite: ACCT 213. Offered Fall and Spring semesters.
 
ACCT 401 Directed Studies (1–4)
A tutorial-based course used only for student-initiated proposals for intensive individual study of topics not otherwise offered in the Accounting Program. Prerequisite: consent of instructor and school dean.
 
ACCT 212/412 Special Topics in Accounting (1–4)
Topics relevant to accounting students will be offered periodically under this title.
 
ACCT 440 Internship (1–8)
Students receive credit for meeting pre-arranged learning objectives while working for a company or non-profit organization. Internships give students the opportunity to compare their understanding of classroom material with current best practices in their field. Credit is based on the number of hours at the job site, and the nature of the learning objectives. Monthly class sessions reinforce the student learning objectives, and allow interns to compare their experiences with other interns. Prerequisites: ACCT 213; junior or senior standing (transfer students must complete a minimum of 15 Westminster credit hours or obtain permission of instructor); and approvals from the Gore School of Business Practice/Experience Coordinator and the Career Center internship coordinator.
ACCT 441 Accounting Practicum (2 or 4)
The Disciplinary Practicum is a student team-based, company consultation project. The project addresses a real issue of concern to a client company (or non-profit organization), requires extensive research, and results in a formal oral presentation and written report to the company. Students work in teams of 3–6 students under the supervision of a Gore School of Business faculty member. Prerequisites: ACCT 213; MATH 150; junior or senior standing.
 
ACCT 442 Professional Portfolio (2)
The Professional Portfolio is designed for mid-career professionals. The class gives students the opportunity to assess their interests and skills, design a career plan, and create a portfolio, which documents what they have to offer to an organization in an appropriate field. Students must have at least five years of professional or managerial experience to enroll in this class. Prerequisites: ACCT 213; junior or senior standing; and approval of the Gore School of Business Experience/Practice Coordinator. The 442 series is offered primarily as a directed studies option. For further information and 442 approval, see the Practice Experience Coordinator.
 
ACCT 454 Auditing (4)
A study of the principles, techniques, and procedures in auditing. Includes professional ethics, legal responsibility, theory of audit evidence, conducting audits through use of audit programs, working papers, and report writing. Prerequisites: ACCT 360. Offered Fall and Summer semesters.
 
ACCT 467 Accounting Information Systems (4)
An introduction to systems analysis and design with a strong emphasis toward accounting information systems. Conceptual foundations of accounting information systems; database and file-oriented systems; the systems life cycle; control and audit of accounting information systems; and accounting information systems applications are reviewed. A relational database software package is introduced and used to prepare a term project. Prerequisite: ACCT 213, IRM 200. Offered Fall and Spring semesters.
 
ACCT 474 Individual Income Taxation (4)
The course provides comprehensive coverage of the Federal income tax structure and application of tax principles for preparation of individual tax returns. Prerequisite: ACCT 213. Offered Fall semester.
 
ACCT 475 Estate and Tax Planning Strategy (4)
This course deals with the Federal tax statutes, regulations, rulings, and leading cases applicable to individual and other taxpayers with special emphasis on estate planning. The probate process, federal gift taxes, estate taxes, trusts, and valuation of assets are areas covered in this course. Prerequisites: ACCT 474. Offered Spring semester.
 
ACCT 484 Corporate Income Taxation (4)
Provides comprehensive coverage of the Federal income tax structure and application of tax principles to specific problems. Encompasses partnerships, corporation, and other taxation areas. Prerequisites: ACCT 213. Offered Spring semester.
 
ACCT 495 Advanced Accounting (3)
Provides in-depth coverage of financial accounting and numerous recent developments in accounting valuation and reporting practices. The course includes theory, practices, and pronouncements of authoritative professional accounting bodies. Prerequisites: ACCT 360.