Accounting (ACCT)

Provides an understanding of the basics of financial accounting and reporting. Includes transaction analysis, recording of transactions in journals and ledgers, accounting for assets, liabilities and owner's equity and preparation of financial statements in accordance with Generally Accepted Accounting Principles (GAAP).

Learn how managers use accounting information to inform business decisions. Topics include product costing, budgeting, and managerial control.

In-depth analysis of accounting principles and their potential impact on business and the profession. Includes review of the accounting cycle as well as professional readiness activities. Topics include the conceptual framework, the four financial statements, time value of money, cash and receivables.

First of three courses offering an in-depth analysis of financial accounting principles and their potential impact on business and the profession. Topics include the conceptual framework, the balance sheet, income statement, and statement of cash flows, current assets and current liabilities.

Continuation of ACCT 301. Includes specialized accounting topics including borrowing, leases, earnings per share, employee stock options, accounting for income taxes and pensions, disclosure related to contingent liabilities, accounting changes and errors, and the Statement of Cash Flows

Study basic concepts and theory of federal income taxes related to individuals, federal tax structure, tax policy, tax ethical standards. The course will include the basics of tax research, compliance and administration. Course follows the AICPA Model Tax Curriculum. Prerequisites: ACCT 201, 202 with a minimum grade of C in both courses.

Apply cost accounting techniques important in managerial decision-making and product costing. Topics include job order costing, process costing, activity-based costing, cost-volume-profit analysis, standard costing and variance analysis, differential cost analysis, capital investment decision models, just-in-time inventory, and quality issues in manufacturing.

Study transaction processing systems to explain how much systems are designed, used, controlled, and protected. Topics include transaction processing and enterprise resource planning (ERP), system documentation techniques, relational databases, internal control, controls for information security, processing integrity and availability. Gain hands-on experience with spreadsheets, databases, and general ledger and data visualization.

Overview the internal audit function with an emphasis on computer-assisted audit techniques (CAATs). Topics include establishing the function within an organization, COSO integrated framework, the audit process, risk assessment, attribute sampling, report writing, fraud investigation, and professional ethics. Use generalized audit software to perform basic audit operations.

Study of financial accounting theories such as efficient market hypotheses and equity theories and their treatment. Includes the study of FASB, the Emerging Issues Task Force, SEC, AICPA PCAOB and the standard setting process.

This course focuses on theoretical and practical issues and controversies in accounting. The course will provide the means for students to bring together previous course material learned in a meaningful manner and to relate this material to real world issues.

Contemporary managerial accounting models and applications include activity-based costing, throughput accounting, the theory of constraints, short-term and long-term decisions with an emphasis on financial modeling.

This course provides a practical application of the federal income tax principles studied in ACCT 305: Income Tax Procedures I while providing a needed service to the Quad City community. Students participate in the Volunteer Income Tax Assistance (VITA) program at off-campus VITA sites to prepare tax returns for low- to moderate-income tax payers. Students will also study advanced individual income tax topics in the classroom.

Study advanced income tax regulations as they relate to the corporation, partnership, pass through entities, as well as trusts and estates. Integrates various components of tax planning and policy in business decisions. Course covers the ever-changing tax regulations. Emphasis includes resolving tax issues, understanding administrative rules and regulations and integrating them into business and personal tax planning.

In-depth analysis of advanced, specialized areas of financial accounting. Topics include consolidations, Securities and Exchange Commission (SEC) reporting requirements, partnerships, and governmental/non-profit accounting.

Use advanced tools to analyze and use the information in corporate financial statements. Learn how to perform earnings-based and free cash flows-based valuation.

A detailed analysis of auditing principles and techniques. Topics include professional ethics, internal control, auditors' reports and audit procedures.

A critical study of the public accounting profession, structure and problems. Topics covered include legal liability, regulation, fraud, ethics, reporting requirements, and current developments. A variety of cases are used to help students understand responsibilities and problems.

The primary objective of this course is to help you prepare for the law section of the CPA exam. In order to succeed, accountants must know how to operate in the legal environment of business. Accordingly, this course will provide a high-level understanding of legal issues you may face during your career. Our goal is not to impart technical legal skills but to enhance the judgment which you will bring to your responsibilities as a professional.

A study of specific accounting topics, issues, or themes. Topics specified when course is offered. Students may repeat course if it is on a separate topic not previously studied for credit. Examples of topics include: financial derivatives, taxation of closely held businesses, environmental accounting, Sarbanes-Oxley, and accounting ethics.

By working under the supervision of an accounting professional, an internship experience provides the student practical, real-world experience in the field of accounting. The student will be able to explore career interests through applying knowledge and skills learned in the classroom in a work setting. The experiences also help students gain a clearer sense of what they still need to learn and where they still need to develop.

Study of financial accounting theories such as efficient market hypotheses and equity theories and their treatment. Includes the study of FASB, the Emerging Issues Task Force, SEC, AICPA PCAOB and the standard setting process.

This course focuses on theoretical and practical issues and controversies in accounting. This course will provide the means for students to bring together previous course material learned in a meaningful manner and to relate this material to real world issues.

Contemporary managerial accounting models and applications including activity based costing, kaizen costing, target costing, quality costs, JIT, decentralization, and investment decisions. Also discussed are skills required for a career as a controller, including accounting and budgeting for management control and performance and evaluation issues.

This course provides a practical application of the federal income tax principles studied in ACCT 305: Income Tax Procedures I while providing a needed service to the Quad City community. Students participate in the Volunteer Income Tax Assistance (VITA) program at off-campus VITA sites to prepare tax returns for low- to moderate-income tax payers. Students will also study advanced individual income tax topics in the classroom.

A study of advanced income tax regulations as they relate to the corporation, partnership, pass through entities as well as trusts and estates. The course will integrate the various components of tax planning and policy in business decisions. The course covers the ever changing tax regulations. Emphasis will include resolving tax issues, understanding the administrative rules and regulations and integrating them into business and personal tax planning.

An in-depth analysis of advanced, specialized accounting issues. Topics include consolidations, Securities and Exchange Commission (SEC) reporting requirements and governmental/Non-Profit accounting.

Learn advanced tools to analyze and use information in corporate financial statements. Increase the ability to analyze and detect earnings management. Emphasize the role of accounting information in earnings-based and free cash flows-based valuation. Through this course, the student should increase knowledge of financial analysis; use proper standards and analysis and prepare prospective financial statements; increase communication skills; learn the importance of being objective, to use judgment and assess risk, and to consider stakeholders when preparing prospective financial statements; and increase knowledge of spreadsheet programs.

A critical study of the public accounting profession, structure, and problems. Topics covered include legal liability, regulation, fraud, ethics, reporting requirements, and current developments. A variety of cases are used to help students understand responsibilities and problems.

The primary objective of this course is to help you prepare for the law section of the CPA exam. In order to succeed, accountants must know how to operate in the legal environment of business. Accordingly, this course will provide a high level understanding of legal issues that you may face during your career. Our goal is not to impart technical legal skills but to enhance the judgment which you will bring to your responsibilities as a professional.

Advanced study of specific accounting topics, issues or themes. Topics specified when the course is offered. Students may repeat course if it is on a separate topic not previously studied for credit. Examples of topics include: financial derivatives, taxation of closely held businesses, environmental law, Sarbanes-Oxley and accounting ethics.

Work under the supervision of an accounting professional. A research project related to this work experience is required. (Pass / No Pass course)