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: ACCT103 (C or better) or READ110 (C or better) or COMP108 (C or better) or Reading Placement Test score Level 3
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
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: ACCT105 (C or better) or permission of the Department of Business, Innovation, and Legal 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: ACCT105 (C or better) or permission of the Department of Business, Innovation, and Legal 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, Innovation, and Legal 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: ACCT105 (C or better) or permission of the Department of Business, Innovation, and Legal 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: ACCT105 (C or better) or permission of the Department of Business, Innovation, and Legal 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, Innovation, and Legal Studies.
Corequisite: None
Taxation for Entities
ACCT242
This course provides an overview of federal taxation of corporations. It examines the concepts of income deductions, property acquisitions and dispositions, and corporate operations. It also provides a study of flow-through entities, partnerships, and S-corporations and the state and locate taxes on these entities.
3 credits
Prerequisite: ACCT241 (C or better) or permission of the Department of Business, Innovation, and Legal Studies.
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: ACCT105 (C or better) or permission of the Department of Business, Innovation, and Legal Studies.
Corequisite: None
Advanced Accounting
ACCT255
This course provides a comprehensive study of business combinations and the preparation of consolidated financial statements. In addition, it explores special problems such as international accounting issues, accounting for partnerships, and the financial reporting and disclosure requirements for governmental and not-for-profit entities.
3 credits
Prerequisite: ACCT200 (C or better) or permission of the Department of Business, Innovation, and Legal Studies.
Corequisite: None
Accounting Internship
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, Innovation, and Legal Studies, and Permission of the Department of Business, Innovation, and Legal Studies
Corequisite: None