2000-2001 Undergraduate Catalog
Indiana, Pennsylvania 15705
ACCT 202 Accounting Principles II
3c-0l-3sh
Prerequisites: C or better in ACCT 201, sophomore status
Covers accounting principles and procedures for payroll, partnerships, corporations, long-term liabilities and investments, and manufacturing firms with a general accounting system. Introduces the student to cost accounting systems, financial statements analysis, budgeting, and use of accounting information in making managerial decisions.
ACCT 281 Special Topics
var-1-3sh
Prerequisite: As appropriate to course content
Special topics are offered on an experimental or temporary basis to explore topics that are not included in the established curriculum. A given topic may be offered under any special topic identity no more than three times. Special topics numbered 281 are offered primarily for lower-level undergraduate students.
ACCT 299 Cooperative Education I
0c-0l-2sh
Prerequisites: Completion of 55 credits with a minimum GPA of 2.0 including at least a "C" in ACCT 201, ACCT 202, and IFMG 241, and approval of the cooperative advisor
The initial experience in a program designed to combine classroom theory with practical application through job-related experiences. Students are actively employed in the accounting area in business, industry, government, and a variety of organizations and agencies with a work focus which relates to their academic training and career objectives in accounting. The student is expected to complete subsequently ACCT 399 or an internship.
ACCT 300 Managerial Accounting
3c-0l-3sh
Prerequisite: ACCT 202 (not open to Accounting majors)
Emphasizes the use of accounting information in performing the managerial functions of planning, control, decision making, and performance evaluation. Note: Accounting majors will not be granted degree credit for ACCT 300.
ACCT 301 Intermediate Accounting I
3c-0l-3sh
Prerequisite: C or better in ACCT 202
An overview of the foundation of accounting theory dealing with application of generally accepted accounting principles as promulgated in professional pronouncements to the reporting process and to accounting for various asset items in the financial statements.
ACCT 302 Intermediate Accounting II
3c-0l-3sh
Prerequisite: C or better in ACCT 301
Application of generally accepted accounting principles to various areas such as accounting for corporations, long-term investments in securities, bonds, pension costs, leases, etc.
ACCT 311 Cost Accounting
3c-0l-3sh
Prerequisite: C or better in ACCT 202
Cost accounting methods and procedures including cost accumulation under job order cost system and process cost system, cost allocation, budgeting, and accounting for spoilage, joint, and by-products. The planning and control aspect of cost accounting is emphasized.
ACCT 321 Federal Taxes
3c-0l-3sh
Prerequisite: C or better in ACCT 202
Acquaints the student with federal income tax laws as they apply to individual taxpayers and partnerships. (Offered as ACCT 421 prior to 1999-2000)
ACCT 399 Cooperative Education II
0c-0l-3sh
Prerequisites: ACCT 299; completion of 85 credits with an overall GPA of 2.0; a GPA of 2.3 in ACCT 301, 302, and 311 with at least a "C" in each course; and approval of the cooperative advisor
The subsequent course in cooperative education is designed to combine classroom theory with practical application through job-related experiences. Cooperative Education students are actively employed in the accounting area in business, industry, government, and a variety of organizations and agencies with a work focus which relates to their academic training and career objectives in accounting.
ACCT 401 Advanced Accounting
3c-0l-3sh
Prerequisite: ACCT 302
A study of accounting issues of specialized nature including partnerships, organization and liquidation, agency and branch accounting, accounting for business combinations, preparation of consolidated financial statements, accounting for government and not-for-profit entities, accounting for estates and trusts, and receivership accounting.
ACCT 412 Advanced Cost Accounting
3c-0l-3sh
Prerequisite: C or better in ACCT 311
A study of budgets, standard costs, direct and absorption costing, analysis of cost variances, and extensive analysis of various cost control and profit planning programs.
ACCT 422 Federal Taxation of Corporations,
Partnerships, Estates, and Trusts
3c-0l-3sh
Prerequisites: ACCT 302 and ACCT 321
An advanced course in federal income taxation as it applies to taxpayers other than individuals. Covers the tax treatment of those property transfers subject to federal and state gift and death taxes. The tax planning aspect of the various course topics as well as tax research methodology are also discussed.
ACCT 431 Auditing
3c-0l-3sh
Prerequisite: ACCT 302
A study of auditing theory and practical application of auditing standards and procedures to the review, testing, and evaluation of accounting controls and to the verification of transactions and balances to express an opinion in an audit report on the fairness of financial statements’ presentation.
ACCT 435 Internal Auditing
3c-0l-3sh
Prerequisite: ACCT 431
Covers four issues: foundations for internal auditing, administering internal auditing activities, operational areas, and special relationships and evaluation for internal auditing.
ACCT 441 Accounting for Government and Nonprofit
Organizations
3c-0l-3sh
Prerequisite: ACCT 302
Presents the views of authoritative professional organizations as to desirable standards of accounting and reporting for governmental and nonprofit entities. Topics include budgeting and budgetary accounts, accounting for various funds, the general fixed assets group of accounts, the financial reporting process, and application of the principles of fund accounting in specific areas.
ACCT 451 Seminar in Accounting Standards
3c-0l-3sh
Prerequisite: ACCT 302
A study of professional standards having authoritative support in the field of accounting. APB opinions, FASB interpretations, and SEC Accounting Series Releases are discussed.
ACCT 461 Accounting Systems
3c-0l-3sh
Prerequisites: ACCT 302, ACCT 311, IFMG 300
A study of concepts, principles, and procedures of accounting system design, installation, implementation, auditing, and maintenance in relating to system objectives, information requirements, constraints, system elements, and considerations on a computerized basis.
ACCT 471 International Accounting
3c-0l-3sh
Prerequisites: ACCT 311 for Accounting majors or ACCT 300 for non-Accounting majors
A comparative study of the effects of differences in cultural and business philosophies on national and international accounting policies. Specific financial accounting controversies, such as accounting for transactions involving foreign currency exchanges, will be discussed. International management accounting topics will include international transfer pricing policies, performance evaluations of multinational managers and divisions, and management information systems. International aspects of financial planning, auditing, and taxation practices will also be reviewed.
ACCT 481 Special Topics
var-1-3sh
Prerequisite: As appropriate to course content
Special topics courses are offered on an experimental or temporary basis to explore topics that are not included in the established curriculum. A given topic may be offered under any special topic identity no more than three times. Special topics numbered 481 are primarily for upper-level undergraduate students.
ACCT 482 Independent Study
var-1-3sh
Prerequisite: Prior approval through advisor, faculty member, department chairperson, dean, and provost's office
Students with interest in independent study of a topic not offered in the curriculum may propose a plan of study in conjunction with a faculty member. Approval is based on academic appropriateness and availability of resources.
ACCT 488 Internship in Accounting
(Industrial and Government)
6sh
Prerequisites: Consent of departmental chairperson and dean, Eberly College of Business and Information Technology; cumulative 2.75 GPA and 3.0 GPA in accounting courses
Practical experiences, generally totaling 400 hours, in an industrial or government accounting setting.
ACCT 493 Internship in Accounting (Public)
6sh
Prerequisite: Consent of departmental chairperson and dean, Eberly College of Business and Information Technology; 3.00 cumulative GPA and 3.00 GPA in accounting courses
Practical experiences, generally totaling 400 hours, with a public accounting firm.
Last modified at 11:13 PM on 09/22/2000.
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