Course Descriptions

ACCT - Accounting
McD 300, (406) 657-2295

ACCT 233 Principles of Accounting I 3 cr. Corequisite: MATH 105 or student has tested out of MATH 105.  Introduces the concepts and terminology of accounting and financial reporting for modern business enterprises.  The course will focus on analyzing and interpreting accounting information for use in making decisions about organizations.  Problem solving, critical thinking, and communication skills that are necessary to use accounting information, to form conclusions about businesses and to communicate these conclusions to others will be emphasized.

ACCT 234 Principles of Accounting II 3 cr. Prerequisite: ACCT 233.  Introduces the concepts and terminology of accounting and managerial reporting for modern business enterprises.  The course will focus on the selection and analysis of accounting information for internal use by management.  Problem solving, critical thinking, and communication skills that are necessary to use accounting information, to form conclusions about businesses and to communicate these conclusions to others will be emphasized.

ACCT 292 Seminar V 1-3 cr.  Provides students an opportunity to investigate topics pertinent to the field of Accounting.

ACCT 301 Intermediate Accounting I 3 cr. Prerequisite: ACCT 233, 234. Admission to upper division standing not required.  Covers the conceptual framework underlying financial accounting and the development of generally accepted accounting principles.  Emphasizes proper income statement and balance sheet presentations in accordance with current professional pronouncements.  Present value concepts and accounting for cash, receivables, inventory, and the related revenue and expense accounts are covered.

ACCT 302 Intermediate Accounting II 3 cr. Prerequisite: ACCT 233, 234, 301. Admission to upper division standing not required.  Considers the proper accounting for plant assets, intangible assets, current liabilities and long-term liabilities.  Covers accounting for investments, derivative securities and earnings per share.  Various aspects of stockholders’ equity are also covered.

ACCT 303 Intermediate Accounting III and Theory 3 cr. Prerequisites: ACCT 233, 234, 301, 302. Admission to upper division standing is not required.  Covers accounting for pensions and leases, accounting changes, analysis of financial statements, the statement of cash flows, revenue recognition, income taxes, contemporary issues in accounting theory, as well as accounting research techniques.

ACCT 342 Government and Not-For-Profit Accounting 3 cr. Prerequisites: ACCT 233, 234, 301 (Admission to upper division standing is not required).  Includes accounting principles, budgeting and cost determination as they apply to governmental units and nonprofit organizations.

ACCT 343 Cost Accounting 3 cr. Prerequisite: ACCT 234. Admission to upper division standing is not required.  Considers the fundamental principles of cost accounting as applied to job order, process, and standard cost systems, and introduces the use of cost information by management in the decision-making process.

ACCT 421 Accounting Systems and Controls 3 cr. Prerequisites: Admission to upper division standing and ACCT 302.  Reviews the components of automated accounting systems and emphasizes control considerations in these systems.

ACCT 428 Auditing and Assurance Services 3 cr. Prerequisites: Admission to upper division standing and ACCT 302.  Presents a theory of auditing by considering the auditing environment, auditing standards, professional ethics, techniques of internal control, audit evidence, audit approaches and the auditor’s report.

ACCT 429 Advanced Auditing Assurance Services (WR) 3 cr. Prerequisites: Admission to upper division standing and ACCT 428.  Strengthens the student's understanding of the auditing process by building on the material presented in ACCT 428.  Students perform audit case studies, are introduced to current auditing trends and techniques, and study various audit approaches.

ACCT 433 Income Tax 3 cr. Prerequisites: Admission to upper division standing and ACCT 301.  Covers the federal income tax code and regulations as applied to individual taxpayers.  Emphasizes understanding tax law with less attention given to preparing tax returns.

ACCT 434 Advanced Income Tax 3 cr. Prerequisites: Admission to upper division standing and ACCT 433.  Covers advanced topics in federal tax law as applied to corporations, S corporations, partnerships, and other selected topics.  Emphasizes understanding tax law with less attention given to preparing tax returns.

ACCT 435 Volunteer Income Tax Assistance (VITA) 3 cr. Prerequisites: Admission to upper division standing and ACCT 433 or consent of department.  Provides practical experience preparing federal and state income tax returns for low-income taxpayers.

ACCT 438 Advanced Accounting 3 cr. Prerequisites: Admission to upper division standing, ACCT 302 and ACCT 303 or concurrent enrollment in ACCT 303.  Introduces the theory and practice relative to business combinations and foreign currency transactions and translations.

ACCT 491 Independent Study V 1-3 cr. Prerequisites: Admission to upper division standing, consent of department, and approval of the College of Business Academic Programs Committee (CBAPC).  Provides outstanding junior and senior students an opportunity to explore material not covered by regular Accounting courses.  Students must complete a Request for Independent Study form (guidelines are available from the Career Services) and have it approved by the instructor and the Department Chair.

ACCT 492 Seminar V 1-3 cr. Prerequisite: Admission to upper division standing.  Provides advanced students an opportunity to intensively investigate topics pertinent to the field of Accounting.

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