Accounting Certificate

BUS 101 Financial Accounting

Students will study the underlying framework of financial accounting systems and apply these concepts in preparing, interpreting and analyzing accounting information in the contemporary corporate business environment. Students will record business transactions, and prepare and analyze financial statements for service and merchandising companies. Students will demonstrate an understanding of accounting systems and controls, financial assets, plant assets, current and long-term liabilities, and equity.

BUS 102 Managerial Accounting

Students will examine managerial accounting concepts and theories which assist managers in planning, directing, and controlling activities in service, merchandising, and manufacturing entities. Students will apply product costing methods (e.g., job-order costing and process costing), calculate and interpret variances, apply cost-volume-profit strategies to short-term decision making, and prepare operating budgets and performance evaluation reports. Prerequisite(s): BUS 101 with a grade of C or higher

BUS 271 Intermediate Accounting I

An in-depth study of the principles related to financial accounting topics and a study of recent developments in financial accounting required by the Financial Accounting Standards Board. Topics include the following: development of accounting standards; nature of the conceptual framework, assumptions and principles; review of the accounting process; continued study of the Income Statement, Balance Sheet and Statement of Cash Flows; time value of money; cash and receivables, inventories; acquisition and disposal of property, plant and equipment; depreciation and depletion; intangible assets; long-term investment in Equity Securities and other assets. Prerequisite(s): BUS 101 and 102

BUS 310 Principles of Taxation

This course covers fundamental principles of income taxation under the Internal Revenue Code, related Regulations and court cases. Tax treatment of the individual is stressed, with emphasis on filing status, income and business deductions, and realization and recognition of capital gains and losses. Corporate and partnership taxation are introduced. Students are taught to recognize tax issues and gain the skills necessary to solve those issues. Prerequisite(s): BUS 102 or permission of department chair

BUS 272 Intermediate Accounting II

A continuation of the study of the principles related to financial accounting. This study will include a presentation of the following topics: stockholders' equity; dilutive securities; revenue recognition; accounting for income taxes; accounting for pensions and for leases; accounting changes and error analysis, full disclosure in financial reporting; financial reporting and changing prices; liabilities-current and contingent; liabilities-long term. Prerequisite(s): BUS 271

BUS 273 Cost Accounting

Principles of cost accounting applied to manufacturing industries. The use of cost data and procedures under job order, process cost, and standard cost accounting systems as a tool of management. Prerequisite(s): BUS 101 and 102

BUS 470 Advanced Accounting

This course covers accounting for partnerships: formation, operation, dissolutions, and liquidation. Also covered are analysis of business combinations; statutory mergers, consolidations, acquisition of subsidiaries, preparation of consolidated financial statements including the equity method and elimination entries. Additionally, the course includes an introduction to foreign currency translation and transactions, the SEC, and the Sarbanes-Oxley Act. Prerequisite(s): BUS 272 or Department approval.

BUS 471 Auditing

This course covers professional ethics and possible legal liability of the auditor. Emphasized are Generally Accepted Standards (GAAS) and other standards related to attestation engagements and skills needed to apply that knowledge in and other attestation engagements; the role of internal control; uses of sampling; effects of information technology the reports rendered by auditors; and the methods for preparing communications to satisfy engagement objectives. Prerequisite(s) BUS 272