Introduction to Financial Accounting
Overview of the role of financial information in economic decision-making. Includes topics such as the dissemination of accounting information and its impact on capital markets and the analysis of corporate annual reports. Coverage of financial statements and their use in determining profitability and the financial condition of a business entity. Prerequisites: Must be second year student and BUSN 70 or BUSN 170. Seniors who have not completed BUSN 70 may take this class with department permission on a space-available basis.
Introduction to Managerial Accounting
Introduction to the role of financial information in the decision-making of business managers. The objective is to investigate the use of business data in typical managerial functions such as planning, control, and making operational decisions. Prerequisite: ACTG 11.
Intermediate Financial Accounting I
An in-depth study of the concepts underlying external financial reporting, along with expanded coverage of the basic financial statements. Detailed analysis of the measurement and reporting of current assets, operational assets, and investments, to include the treatment of related revenues and expenses. Significant attention is given to income statement presentation and revenue recognition. Prerequisites: ACTG 12 and ACTG 20 and must have 96 completed units or Department's permission is required prior to enrollment (ACTG 20 may be taken concurrently.)
Intermediate Financial Accounting II
Intensive analysis of generally accepted accounting principles as applied to accounting for liabilities, stockholder's equity, and the statement of cash flows. Accounting for income taxes, pensions, leases, and the reporting of corporate earnings per share. Prerequisite: ACTG 130.
Advanced Financial Accounting
The main subject is accounting for business combinations, and the consolidation of financial statements of a parent company and its subsidiaries. A broad spectrum of financial reporting issues in the context of consolidated financial statements is examined. The course also covers partnership accounting and other advanced financial accounting topics. Prerequisite: ACTG 131.
Accounting Information Systems
Introduction to procedures by which accounting data is captured, processed, and communicated in computerized information systems. The course describes the ways that accounting information systems are designed, used and maintained by accounting professionals with an emphasis on the internal controls over such systems. Prerequisites: ACTG 11 and ACTG 12. ACTG 12 can be taken concurrently.
Introduction to the basic concepts of auditing. Discussion of applicable regulations, the audit risk model and client risk assessment. Focus is on an overview of the audit process. Auditors' professional and ethical responsibilities, sampling and historical cases will also be discussed. Prerequisite: ACTG 131. (ACTG 131 may be taken concurrently.)
Analysis of cost accounting with a strategic emphasis. Selected topics include process costing, activity-based costing, variance analysis, joint cost allocations, and the Theory of Constraints. Prerequisite: ACTG 130
Tax Planning & Business Decisions
A basic introduction to the tax treatment of transactions and events affecting both individuals and businesses and the conceptual framework underlying taxation. Includes issues of importance for successful tax planning with an emphasis on income and expense recognition, individual taxation, and property transactions. Assumes no prior knowledge of the tax law. Prerequisites: ACTG 11 and 12. (ACTG 12 may be taken concurrently.)
Government & Non-Profit Accounting
Accounting and reporting requirements used by government and not-for-profit (NPO) entities. For governmental accounting, the class focuses on the categorization of the major government fund types and the terminology associated with Governmental Accounting Standards Board (GASB) and Generally Accepted Accounting Principles (GAAP). For NPO accounting, the class focuses on the provisions of FAS 116 and FAS 117. Recommended for students taking the CPA exam. Prerequisite: ACTG 131
Business Law for Accountants
Legal theory and mechanisms designed to facilitate commercial transactions within our society. Areas covered in the course include those dealing with integral aspects of business transactions: business organizations; contract and sales law; commercial paper; and secured transactions. Recommended for students taking the CPA exam. Prerequisites: ACTG 131. Restricted to junior and senior declared accounting majors.
International Financial Reporting Standards and FASB Updates
An in-depth study of the major differences that exist between International Financial Reporting Standards and U.S. GAAP. The course will also provide an update for students on the content of FASB pronouncements that have been issued in the prior year. Prerequisite: ACTG 132 and senior standing. (ACTG 132 may be taken concurrently).
This course is designed to continue your education in ethics with a particular focus on professional ethics and responsibilities in the accounting and business environment, including a study of various topics from the following: the AICPA Code of Professional Conduct, the AICPA Statements on Standards for Tax Services, the legislative and regulatory bodies responsible for creating accounting provisions, the legislative, administrative, and judicial sources of authority for tax law, the corporate governance structure, and research techniques to determine the appropriate technical solutions to a given situation. Armed with this background knowledge, you can begin to evaluate how to respond in specific situations to which the legislation does not provide a unique solution. We will discuss ethical issues in business and society, the roles and responsibilities of the accounting, auditing, and tax professions, ethical behavior by management, and the legal guidelines that address behavior in a business setting. Prerequisites: ACTG 11 and ACTG 12, and either PHIL 6 or MGMT 6.
Accounting Ethics and Professional Responsibility 2A
This course is intended to supplement the content of ACTG 144, Accounting Ethics and Professional Responsibility, by exposing students to an expanded range of ethical dilemmas. The cases chosen also focus on 1) how different cultures may view ethical issues differently and 2) the ethics of glass ceiling issues for female employees in large accounting firms. Armed with this background knowledge, the students can begin to evaluate how to respond in specific situations that may involve cultural and gender issues. Prerequisites: Concurrent enrollment in ACTG 144 or previous completion of ACTG 144, or consent of instructor.
Taxation of Business Entities
An advanced tax course covering the income tax treatment of transactions involving various types of business entities. Topics will include taxation of corporate entities (both C and S corporations) as well as partnerships. Addresses tax issues related to estates and trusts. Includes calculation of current and deferred taxes and the study of common tax issues arising in multinational transactions. Prerequisites: ACTG 131 and ACTG 138.
Financial Fraud Detection and Investigation
Forensic accounting deals with the application of accounting methods to legal problems, and comprises investigative accounting and litigation support activities. Investigative accounting (usually referred to as fraud accounting) refers to the role of the accountant in determining the existence and extent of asset misappropriation and/or financial statement fraud. Litigation support activities include those professional services provided by accountants to attorneys in support of civil or criminal litigation. In addition to examining both aspects of forensic accounting, the legal system and the role of the forensic accountant as an expert witness will be discussed. Prerequisite: ACTG 131
Financial Statement Analysis
Provides a framework for analyzing financial statements and develops skills useful in evaluating company performance, liquidity, solvency, and valuation in the context of the company's strategy and competitive environment from a user perspective. Prerequisite: ACTG 11 and FNCE 121 or FNCE 121S.
International Accounting and Financial Reporting
Understanding similarities and differences in financial reporting practices globally is vital for all organizations involved in international business. The course takes a user perspective in international financial reporting. It examines economic and social factors that affect financial reporting practices, classifies global patterns in financial reporting, and studies the effect of the diversity in financial reporting on corporate investment and financing decisions. Technical issues covered include accounting for foreign currency transactions, accounting for the effects of inflation, international transfer pricing, and international financial statement analysis. Prerequisites: ACTG 130, MGMT 80, and FNCE 121 or FNCE 121S.
Junior Contemporary Business Seminar Series I
A series of seminars covering topics pertinent to those pursuing a professional accounting career. Students are required to attend sessions with the course instructor, attend seminars sponsored by the Department of Accounting, or to choose additional acceptable seminars and presentations offered throughout the University. Prerequisites: ACTG 12 and ACTG 20. (ACTG 20 may be taken concurrently.) Cross listed with ACTG 171.
Junior Contemporary Business Seminar Series II
A series of seminars covering topics pertinent to those pursuing a professional accounting career. Students are required to attend sessions with the course instructor, attend seminars sponsored by the Department of Accounting, or choose additional acceptable seminars and presentations offered throughout the University. Prerequisites: ACTG 12 and ACTG 20. (ACTG 20 may be taken concurrently). Cross listed with ACTG 172.
Senior Contemporary Business Seminar Series I
A series of seminars covering topics pertinent to those pursuing a professional accounting career. Students are required to attend sessions with the course instructor, attend seminars sponsored by the Department of Accounting, or to choose additional acceptable seminars and presentations offered throughout the University. Prerequisite: Open only to senior declared accounting majors. Cross listed with ACTG 161.
Senior Contemporary Business Seminar Series II
A series of seminars covering topics pertinent to those pursuing a professional accounting career. Students are required to attend sessions with the course instructor, attend seminars sponsored by the Department of Accounting, or choose additional acceptable seminars and presentations offered throughout the University. Prerequisite: Open only to senior declared accounting majors. Cross listed with ACTG 162.
Peer Educator in Accounting
Work closely with the department to help students in core accounting classes understand course material, think more deeply about the material, and feel less anxious about testing situations. Prerequisites: Declared accounting major and permission of instructor and chair required prior to enrollment.
Accounting Case Analysis
A practicum in which students form teams, research accounting issues, present the results of their research, and explain their research recommendations before a panel of judges. This course may be repeated for credit. Prerequisite: Enrollment is by permission of the department chair.
Special Topics in Accounting
Offered occasionally to introduce new topics not covered by existing electives. Consult quarterly schedule of classes for description. Prerequisite: ACTG 131
Opportunity for upper-division students to work in local accounting or corporate firms. Two written reports and the employer's evaluation of the student's work will be required. This course may be repeated for credit, depending on nature of assignment. Prerequisites: Declared accounting major and permission of instructor and chair required prior to enrollment.
Directed Reading/Directed Research
Independent projects undertaken by upper-division students with a faculty sponsor. Prerequisite: Declared accounting major and permission of instructor and chair required prior to enrollment. (1-5 units)
Recording Financial Transactions
Insight into the basic principles and mechanics behind the preparation of financial statements. Focus is on the accounting model, accrual versus cash accounting, and the accounting processing cycle. Prerequisites: ACTG 11 and must have 70 units or Department's permission is required prior to enrollment. Course may not be taken before Spring quarter of Sophomore year.
Personal Financial Planning
Overview of the tools and information necessary for personal business decision-making. Includes analysis of financial services, credit and borrowing, taxes, compensation planning, consumer purchases, housing decisions, the time value of money, savings, and investments.