BACC - Accounting

An introduction to financial accounting, including the accounting cycle and the related study of asset and equity valuations for the primary financial statements of primary financial position, income, and cash flow. Prerequisites: Sophomore standing and a grade of "C" or better in Math 1306 or concurrent enrollment in Math 1306.

An introduction to managerial accounting, including financial analysis, budgeting, job and process costing, standard costing, and other methods used by business professionals to obtain information for effective and efficient operations in today's environment. Prerequisite: A grade of "C" or better in BACC 2311 and Math 1306.

An in-depth study of the content presentation of the primary financial statements with particular attention to the operating cycle, related assets and equity valuations, income measurements and investments. Prerequisite: A grade of "C" or better in BACC 2311.

A continuation of BACC 3321, with particular emphasis on inventories, stock and bond investments, long-term liabilities, leases, pensions, deferred taxes, and stockholders’ equity. Prerequisite: A grade of C or better in Intermediate I.

The study of Federal Income Tax laws relating to individuals. This course also studies current tax code concepts, issues, and regulations and the resulting consequences and liabilities to a financial planner’s clients. The course explores the structure of the code as it pertains to the taxation of individuals, and their proprietorships. The course explores tax management techniques such as excluding income, deferring income, shifting income, and managing or timing income. Students will develop tax planning strategies to manage tax liability and to accumulate assets while minimizing tax consequences. Prerequisite: A grade of “C” or better in BACC 2312.

A continuation of BACC 3324, with emphasis on property transactions, partnerships, and corporations. Prerequisite: A grade of "C" or better in BACC 3324.

To introduce accounting techniques used by small businesses to obtain information for efficient operations in today's environment. Using an automated accounting information system to help facilitate business record keeping. Emphasis is on invoicing customers, maintaining accounts receivables and accounts payable, tracking inventory, create purchase orders, preparing payroll, evaluating financial reports for management, journal entries, and adjusting entries. Prerequisite: BACC3422.

An in-depth study of accounting information systems including an historical perspective, concepts and definitions, the need for accounting information systems, analysis of the system environment, and design and implementation with a focus on accounting information systems and integration with other management systems. Prerequisite: A grade of "C" or better in BACC 3321 and BQBA 2302. Majors Only.

An in-depth study of effective business writing principles focused on organization, clarity, and conciseness. Emphasis is placed on ability to exchange technical information and ideas with co-workers, other professionals, and clients to recognize and understand the implications of critical business issues. Students will produce audit reports, cross reference documents, statements of financial condition, and other common documents produced in the practice of public accounting. Prerequisite: BACC 3321.

A study of the theories and practices of cost accounting as they relate to cost-finding systems. The effects on fixed budgets of historical costs and predetermined standard costs are explored. Managerial use of cost data is emphasized. Prerequisite: A grade of "C" or better in BACC 3321.

Introduction to auditing from a management perspective. Emphasis is on auditing techniques in general with applications for both external and internal auditing. Topics include criteria for audits, audit planning and procedures, risk and performance measurement, business activity and process evaluation, audit communications, and fraud investigation. Prerequisite: A grade of "C" or better in BACC 3322. Accounting Majors and Minors Only.

Students' presentations (written and/or verbal) of selected accounting topics and a study of consolidated financial statements, partnerships, foreign currency transactions, and transactions of foreign affiliates. Prerequisites: A grade of "C" or better in BACC 3322 and BACC 3325.

Reveals the keys to effective analysis of financial statements and provides the student with the tools needed to make relevant decisions. The student will learn how investors, creditors, consultants, managers, auditors, directors, regulators, etc. use financial statements to make business decisions. Focus of the course is to demonstrate the relevance of such analysis with applications to real world companies. Prerequisite: "C" or better in BACC 3322 or BFIN 3333. (Same as BFIN 4341)

A study of advanced problems given by the American Institute of Certified Public Accountants in the CPA examination. The course provides a comprehensive review of salient concepts from the entire accounting curriculum. Lab Fee. Prerequisite: A grade of "C" or better in BACC 3322 or permission of instructor. Lab fee.

Continuation of BACC 4331 with an emphasis on financial statement auditing. Topics include audit theory and legal ramifications; statistical auditing and sampling techniques, analysis of financial data, transactions, and statements; and preparation of auditing opinions based upon work papers. As part of the course, students will work in audit teams to perform actual audits of area non-profit organizations. Prerequisite: A grade of "C" or better in BACC 4331.

A continuation of BACC 3325, including Federal Estate and Gift Taxation and in-depth study of tax research methodology resulting in effective communication of case-based tax law conclusions. Prerequisites: A grade of "C" or better in BACC 3322 and BACC 3325.

Emphasis of the course includes ethical issues that relate to accounting. Areas of discussion include ethical reasoning, integrity, objectivity, independence and other core values. Prerequisite: A grade of "C" or better in BACC 3322 and BACC 4331.

The review and elaboration of Accounting Principles using authoritative literature and pronouncements, to reach a conclusion or make a decision about various accounting topics. This course will analyze accounting and taxation issues by reviewing information, using empirical data and analytical methods, recognizing data in patterned activities, forecasting, and integrating data for professional accounting services, or professional accounting work for clients and/or employers.

This course permits students to enhance their knowledge within their major field of specialization through application of concepts, principles, and techniques learned in the classroom. It consists of supervised paid or unpaid activities as a professional-level intern for an employer with an approved internship program. Application must be approved prior to registration. Prerequisite: Junior standing, 3.0 GPA in major and overall, and consent of the Associate Dean.