Course Descriptions

ACT 201 Practical Accounting Procedures
4 cr.
Offered: Fall, Winter
Study of basic principles and procedures in clerical, technical or secretarial fields. This course will emphasize recording business transactions and completing the accounting cycle, using special journals, and preparing financial statements, worksheets, payroll and other records.
Note: Not acceptable as an elective for students who have completed ACT 230 and ACT 240.
ACT 202 Accounting Concepts for Management
4 cr.
Offered: Contact department for information
Introduction to accounting concepts and the utilization of accounting in the decision-making process.
Note: Not acceptable as an elective for students who have completed ACT 230 and ACT 240.
ACT 230 Principles of Accounting I
4 cr.
Offered: Fall, Winter, Summer
Prerequisite: MA 103 or equivalent.
Study of basic accounting principles and recording procedures with in-depth analysis of income and expense recognition and the non-owners’ equity portions of the balance sheet.
ACT 240 Principles of Accounting II
4 cr.
Offered: Fall, Winter, Summer
Prerequisite: ACT 230.
Further study of financial accounting including owners’ equity, income tax accounting, changes in financial position statements and statement analysis/interpretation. Managerial accounting is introduced: cost accounting systems, responsibilities accounting, budgeting concepts, cost-volume-profit analysis and capital budgeting are covered.
ACT 301 Financial Accounting I
4 cr.
Offered: Fall, Winter
Prerequisite: ACT 240 and junior standing.
Intensive study of the accounting cycle and the asset section of the balance sheet.
ACT 302 Financial Accounting II
4 cr.
Offered: Fall, Winter
Prerequisite: ACT 301 and junior standing.
Intensive study of the liability and owners’ equity sections of the balance sheet and the treatment of special problem areas in accounting.
ACT 311 Cost Accounting
4 cr.
Offered: Fall, Winter
Prerequisite: ACT 240 and junior standing.
Development of an understanding of cost accounting as an information system designed to provide data for inventory valuation and income determination, planning and controlling routine operations, and non-routine decisions.
ACT 321 Federal Income Taxation
4 cr.
Offered: Fall, Winter
Prerequisite: ACT 240.
Basics of individual federal income taxation. Major topics include basic tax model, gross income, deductions, alternative minimum tax, property, nontaxable exchanges, capital gains/losses, depreciation and deferred compensation. Policy and historical developments are studied to aid comprehension of current law.
ACT 403 Accounting III
4 cr.
Offered: Fall
Prerequisite: ACT 302, ACT 311, and ACT 321 and junior standing.
Third course in the financial accounting sequence covers special problem areas: introduces students to accounting for governmental units, hospitals, colleges and universities; and accounting for business combinations, partnerships, branch accounting, and multinational accounting problems.
ACT 412 Advanced Cost Accounting
3 cr.
Offered: Contact department for information
Prerequisite: ACT 311 and junior standing or instructor’s permission.
Study of managerial accounting as an information system designed to provide data for non-routine decisions, policy making and long-range planning.
ACT 422 Advanced Federal Taxation
4 cr.
Offered: Winter
Prerequisite: ACT 321 and junior standing or instructor’s permission.
This course applies the basics of income taxation learned in the first tax course to corporations, partnerships, estates and trusts. Topics also include professional tax practice considerations and family tax planning. Practical experience in the preparation of tax forms will also be gained.
ACT 431 Accounting Information Systems
4 cr.
Offered: Fall
Prerequisite: ACT 240 and CIS 110 or CIS 112 and junior standing.
Information and systems approaches as well as systems analysis/design. Emphasis is on transaction processing, controls, flow-charting techniques and accounting situations involving electronic computing systems. The problems and cases are like those on CPA and CMA examinations.
ACT 441 Auditing
4 cr.
Offered: Winter
Prerequisite: ACT 302, ACT 311 and junior standing.
Review of audit concepts, standards and procedures; ethics and legal requirements; scope, objectives and nature of audits; management of an audit and modern audit techniques. Statistical sampling in auditing, electronic systems audits and the auditor’s role in tax and management advisory services are also covered.
ACT 443 Fraud Examination
4 cr.
Offered: Contact department for information
Prerequisite: ACT 441 and junior standing.
To raise students’ awareness of the accountant’s opportunities in fraud investigation and detection and to help students reach an informed decision whether or not to pursue a career as a certified fraud examiner.
ACT 482 Accounting for Non-Profit Enterprises
4 cr.
Offered: Winter
Prerequisite: ACT 301 and junior standing or instructor's permission.
Accounting principles and procedures for governmental units, hospitals, colleges and universities.
ACT 488 CPA/CMA Problems
3 cr.
Offered: Contact department for information
Prerequisite: Senior standing, accounting major and College of Business permission.
Selected problems from CPA examinations; analysis and revision of statements, partnerships, corporations, quasi-organizations, mergers and conglomerates; financial accounting theory, ethics, auditing, law, advanced cost and marginal analysis; and federal taxation programs.
ACT 491 Internship in Accounting
1-4 cr.
Offered: Fall, Winter, Summer
Graded: S/U
Prerequisite: College of Business permission and junior standing.
Professional experience for qualified accounting or finance majors. Working with accounting or other business firms. Written paper required; students are evaluated by the faculty supervisor in consultation with the employer.
ACT 495 Variable Topics in Accounting
1-4 cr.
Offered: Contact department for information
Prerequisite: Junior standing or instructor's permission.
Variable topics of current interest.
Note: May be repeated if topic differs.
ACT 498 Directed Study in Accounting
1-4 cr.
Offered: Contact department for information
Prerequisite: Junior standing or instructor's permission.
Independent study of some special problem in accounting under the guidance of a faculty member. This study is limited to students with superior grade point averages.
AD 100 The Art and Design Experience
2 cr.
Offered: Fall
Co-requisite: Enrollment in conjunction with the First Year Experience.
Prerequisite: Freshman standing.
Introduction to the range of opportunities in the visual arts with focus on the skills and resources necessary for success in the field.

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