BACC - Accounting

An overview of financial and managerial accounting for business professionals. Students learn concepts and techniques to gather, organize, interpret and analyze financial and non-financial information for planning, controlling, and decision-making. Prerequisites: Sophomore standing and a grade of “C” or better in Math 1306 or current enrollment in Math 1306.

An introduction to financial accounting, including the accounting cycle and the related study of asset and equity valuations for the primary financial statements of 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. Prerequisites: A grade of "C" or better in BACC 2311 and Math 1306.

An in-depth study of the accounting cycle and the related study of asset and equity valuations for the primary financial statements and content presentation. Particular emphasis placed on the operating cycle, related assets, revenue recognition, income measurements and the application of the time value of money including annuities. Prerequisite: A grade of "C" or better in BACC 2310.

A continuation of BACC 3321, with particular emphasis on cash and receivables, inventories and inventories measurements, valuation and acquisition of PPE and intangible assets including utilization and dispositions, and stock and bond investments. Prerequisite: A grade of C or better in BACC 3321 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 tax 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 2310.

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

Introduces 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 receivable and accounts payable, tracking inventory, create purchase orders, preparing payroll, and evaluating financial reports for management, journal entries, and adjusting entries. Prerequisite: BACC 3322.

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. Prerequisites: A grade of "C" or better in BACC 3321 and BQBA 2302. Accounting Majors Only.

A continuation of BACC 3322, with particular emphasis on leases, accounting for income taxes, pensions and postretirement benefits, stockholders’ equity, earnings per share, and the Statement of Cash Flows. Prerequisite: A grade of C or better in BACC 3322 - Intermediate II.
Distribution: Business.

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 3322.

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 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.

An 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 Only.

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. Prerequisite: A grade of "C" or better in BACC 3333 or permission of instructor. Lab fee.

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. Prerequisite: A grade of “C” or better in BACC 3333.

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. Prerequisites: Junior standing, 3.0 GPA in major and overall, and the consent of the Associate Dean.