Accounting

Introductory Accounting (Formerly ACCT090)

ACCT103

This course provides an introduction to the principles and concepts of financial accounting. This course focuses on bookkeeping and accounting procedures through the accounting cycle for service and merchandising businesses, including special journals. This course presumes no previous knowledge of accounting.

3 credits
Prerequisite: None
Corequisite: None

Financial Accounting (Formerly Principles of Accounting I)

ACCT105

This course provides an introduction to the objectives, principles, assumptions and concepts of financial accounting. It focuses on procedures and practices from the accounting cycle through financial statement presentation with an emphasis on recognizing, valuing, reporting, and disclosing assets, liabilities, and equity. This course presumes no previous accounting knowledge.

4 credits
Prerequisite: Reading Placement Test score Level 3 or ACCT103 (C or better)
Corequisite: None

Managerial Accounting (Formerly Principles of Accounting II)

ACCT106

This course introduces students to the concepts and applications of managerial accounting. Students focus on analysis and recording of various manufacturing costs, cost-volume-profit analysis, preparation of financial statements for a manufacturer, creation of static and flexible budgets and reports, evaluation of capital investments, and various costing systems.

4 credits
Prerequisite: ACCT105 (C or better)
Corequisite: None

Introduction to Accounting Software

ACCT108
EXPERIMENTAL

An introductory course in the practical application and study of current accounting software. The course provides an overview, in a computerized accounting environment, of the manual accounting concepts that were learned in fundamental accounting classes.

1 credits
Prerequisite: ACCT103 (C or better) or ACCT105 (C or better)
Corequisite: None

Personal Financial Planning

ACCT110

This course prepares students with little or no experience in personal finance to make money management decisions. Students analyze the interrelationships of budgeting, banking, credit, taxation, investments, insurance, and estate planning as they apply to consumer decision-making.

3 credits
Prerequisite: None
Corequisite: None

Payroll Records and Accounting

ACCT120

This course examines the various payroll laws, payroll accounting systems, and the procedures for computing wages and salaries in small, medium, and large firms.

3 credits
Prerequisite: ACCT103 (C or better) or ACCT105 (C or better)
Corequisite: None

Accounting Applications for the Computer

ACCT130

This course provides a survey of automated accounting functions, including basic accounting procedures through the accounting cycle for service and merchandising businesses. Students implement current industry standard software to perform accounting functions and analyze financial statements.

3 credits
Prerequisite: ACCT103 (C or better) or ACCT105 (C or better)
Corequisite: None

Intermediate Accounting I

ACCT200

This course provides an intensive study of the application of generally accepted accounting principles and financial pronouncements for financial reporting and disclosure of current and noncurrent assets.

3 credits
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite: None

Intermediate Accounting II

ACCT201

This course provides an intensive study of the application of generally accepted accounting principles and financial pronouncements to the financial reporting and disclosure of current and noncurrent liabilities and stockholders' equity.

3 credits
Prerequisite: ACCT200 (C or better) or permission of the Department of Business Studies
Corequisite: None

Cost Accounting I

ACCT210

This course provides an understanding of cost accounting systems and procedures and how they are used for business strategy and implementation. This course presents an analysis of key data for planning and controlling to assist in management decisions.

3 credits
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite: None

Financial Management

ACCT230

This course examines the financial methods and techniques for a business. Analysis emphasizes problems of financial management, internal financial planning and analysis, short-term, intermediate, and long-term financial needs, conflict between profitability and solvency, and financial instruments and markets.

3 credits
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite: None

Federal and State Taxes I

ACCT240

This course examines Federal and Pennsylvania state tax laws as they relate to individual income taxes. This course emphasizes the concepts of filing requirements, the determination of and adjustments to gross income, personal and business deductions, and business income.

3 credits
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite: None

Federal and State Taxes II

ACCT241

This course examines the Federal and Pennsylvania state tax laws as they relate to individual income taxes. It focuses on concepts of gains and losses from property transactions, miscellaneous income items, tax computation, and credits. This course also introduces pass-through entities and their impact on individual taxation.

3 credits
Prerequisite: ACCT240 (C or better) or permission of the Department of Business Studies
Corequisite: None

Auditing

ACCT250

This course provides a presentation of current audit practices for audit decision making and evidence accumulation. This course emphasizes the understanding of the audit objectives, the audit risks, the audit decisions to be made, the appropriate audit evidence, and audit reports.

3 credits
Prerequisite: ACCT106 (C or better) or permission of the Department of Business Studies
Corequisite: None

Advanced Accounting

ACCT255
EXPERIMENTAL

This course provides basic coverage of business combinations and consolidated financial statements, comprehensive coverage of accounting and financial reporting of state and local governments, and in-depth study of partnerships and fiduciary accounting. This course is recommended for students who will take the Uniform CPA examination.

3 credits
Prerequisite: ACCT200 (C or better) or permission of the Department of Business Studies
Corequisite: None

Cooperative Education - Accounting

ACCT280

This course evaluates a student's ability to relate the academic accounting concepts and skills with on-the-job experience and research of accounting topics as they relate to the student’s academic preparation and career objectives.

3 credits
Prerequisite: 24 college credits, a GPA of 2.0 earned in courses by the Department of Business Studies, and Permission of the Department of Business Studies
Corequisite: None