Major:
Accounting
Minor: Accounting
Description of courses of instruction: Accounting
Advisement sheet containing summary of the requirements
Coordinator:
Moh'd Rujoub
MAJOR:
ACCOUNTING (BS)
Objectives
The Bachelor of Science
degree in Accounting provides introductory and advanced courses in
financial and managerial accounting, auditing, taxation and
microcomputers. Successful students are prepared for staff level positions
in various types of business organizations and nonprofit entities.
Students majoring in accounting will be expected, through proper faculty
advisement, to attain a desirable level of proficiency in the English
language, mathematics, and computer science. To develop educational
breadth and depth, majors will be required to sample widely from the arts,
humanities, natural, and social sciences.
Students seeking professional careers in accounting, particularly with
public accounting firms, are encouraged to pursue a graduate degree in
Accounting. The requirements for a Master of Science in Accounting are
presented elsewhere on the department pages.
Admission to the Program
Students majoring in Accounting will be required to register their intent
with the accounting faculty no later than the end of their sophomore year.
The Bachelor of Science program will be primarily a junior/senior course
of study and admission will be competitive. Students must have attained a
cumulative GPA of 2.5.
Degree Requirements
To graduate with a bachelor of science degree in Accounting, a total of 57
credits will be required in the major, consisting of 9 credits of related
course requirements, 18 credits of common accounting core requirement and
30 credits of advanced accounting study. A minimum of 24 semester hours of
the advanced accounting requirements must be completed in residence at
Eastern.
Students majoring in Accounting are exempted from GER Category IVB through
successful completion of ECO 200 or ECO 201.
Transfer students with more than 30 credits should consult with the
department chairperson as early as possible.
All B.S. Accounting majors must
complete the following courses:
Related Course Requirements
ECO 200 Principles of Economics
ECO 201 Principles of Economics
ECO 215 Statistics for Business and Economics
Common Business Core Requirements
ACC 201 Principles of Accounting I
BUS 225 Principles of Marketing
BUS 230 Business & Society (formerly Business
Management)
BUS 245 Finance
BUS 250 Business Law I
ECO 325 Money and Banking
Advanced Accounting Requirements
BUS
300 Business Law II
ACC 301
Intermediate Accounting I
ACC 302 Intermediate Accounting II
ACC 303 Intermediate Accounting III
ACC 310 Cost Accounting Systems
ACC 311 Advanced Managerial Accounting
ACC 411 Contemporary Issues In Accounting
ACC
412 Auditing
ACC 416
Federal Individual Taxation
ACC 420 Accounting
Information Technology and Business Solutions
Recommended Course Sequence:
Accounting Major (BS)
(all subjects carry 3 credits unless otherwise stated)
Check all course descriptions
for prerequisites before planning course schedule.
First Year
ENG
100 CollegeWriting
MAT
*** Mathematics above Algebra II
CSC 100 Computer
Concepts
Other General Education Requirements 21
Total for
Year
30 credits
Second
Year
ECO 200 Principles of Macroeconomics
ECO 201 Principles of Microeconomics
ECO 215 Statistics for Business and Economics
ECO
325 Money and Banking
ACC 201
Principles of Accounting I
BUS 250 Business Law
I
ACC 301 Intermediate Accounting I
General Education Requirements 9 credits
Total for
Year
30 credits
Third
Year
ACC 302 Intermediate Accounting II
ACC 303 Intermediate Accounting III
ACC 310 Cost Accounting Systems
ACC 311 Advanced Managerial Accounting
BUS 225
Principles
of Marketing
BUS 230 Business & Society
BUS 245
Finance
BUS 300 Business Law II
General Education Requirements or Electives 6 credits
Total for year
30 credits
Fourth Year
ACC 411 Contemporary Issues
ACC 412 Auditing
ACC 416 Federal Individual Taxation
ACC 420 Accounting Information Technology
and
Business
Solutions
*Electives
18
Total for Year
30 credits
*Two graduate courses may be
selected with written approval of the Accounting faculty.
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MINOR:
ACCOUNTING
Objectives
The accounting minor is designed to enable students with other various
majors: (1) to study accounting principles, practices and procedures that
apply to financial reporting, (2) to develop the critical thinking skills
needed to understand the consequences of those accounting principles.
The minor in accounting is open to all university students and is designed
to provide flexibility to those who wish to enrich their major area with
greater understanding of the accounting procedures and techniques.
Students who
wish to minor in Accounting must take the following 15 Credits: Four
courses listed below and a fifth which is an elective.
ACC 201
Principles of Accounting I
ACC 301 Intermediate Accounting I
ACC 302 Intermediate Accounting II
ACC 303
Intermediate Accounting III
3
Credit Hours from the ONE of the following Electives:
ACC 310 Cost Accounting
Systems
ACC 311 Advanced Managerial
Accounting
ACC 416 Federal Individual Taxation
Total
15credits
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DESCRIPTION
OF THE COURSES OF INSTRUCTION: ACCOUNTING (all are 3 credits)
ACC
201 PRINCIPLES OF ACCOUNTING I
An introduction to fundamental accounting concepts and generally accepted
accounting principles. Emphasis is placed on understanding accounting as
it applied in serving the needs of business and society, the evolution of
accounting, the basic accounting structure, and the preparation and
interpretation of financial statements.
ACC
202 PRINCIPLES OF ACCOUNTING II
* (Only for Business Majors)
PREREQUISITE: ACC 201
An introduction to the
principles and concepts needed to generate information for managers.
Emphasis is placed on managerial accounting principles, cost systems and
strategic decision making.
ACC
301 INTERMEDIATE ACCOUNTING I
PREREQUISITE: ACC 201
To discuss in depth traditional intermediate financial accounting topics
as well as the recent developments in accounting valuation and reporting
practices promulgated by the leading professional accounting organizations
and applied by practitioners in the industry and public accounting. The
material presented is balanced in order to insure that the conceptual
discussions and procedural presentations are mutually reinforcing.
Emphasis is placed on the conceptual framework underlying financial
accounting, financial statement preparation, and asset recognition and
measurement.
ACC
302 INTERMEDIATE ACCOUNTING II
PREREQUISITE: ACC 301
A continuation of Intermediate Accounting I. A concentrated study of
stockholder equity, dilative securities and investments, income and
expense measurement and the preparation and analysis of financial
statements. The behavioral and economic consequences of accounting and
reporting alternatives will also be considered.
ACC303
INTERMEDIATE ACCOUNTING III
PREREQUISITE: ACC 302
A continuation of Intermediate Accounting II. An advanced study of
specialized financial accounting topics and recent developments in
accounting practices promulgated by the leading professional accounting
organizations.
ACC
310 COST ACCOUNTING SYSTEMS
PREREQUISITE: ACC 302
Covers fundamental principles and procedures needed for planning,
evaluating and controlling the organization's internal activities.
Students are exposed to accounting systems that are designed to provide
information for managers in a wide variety of organizations as they strive
to make decisions regarding budgeting, product pricing, production levels,
and inventory valuations. Students learn how to work effectively with
accounting information that involves job-order costing, process costing,
and standard costing.
ACC 311 ADVANCED
MANAGERIAL ACCOUNTING
PREREQUISITE: ACC 302 AND ACC
310
Provides information management needs at both the executive and
operational levels to manage costs and provide for the revenue stream.
With a cost management system, the student provides data which enables
managers to view costs in multiple ways, plan more effectively, measure
performance more accurately, and reduce unnecessary spoilage and waste.
Topics covered include capital budgeting, inventory valuation and control,
linear programming, decentralization and performance measurement, transfer
pricing, decisions under uncertainty, responsibility accounting, and
product quality costs.
ACC 411
CONTEMPORARY ISSUES IN ACCOUNTING
PREREQUISITE: ACC 303
Designed to cover important topics that are not included in the
traditional accounting courses. Students are required to conduct research
and write papers dealing with current issues in the areas of international
accounting, governmental accounting and nonprofit accounting. Special
attention is given the "standard setting process", and the literature
produced by the Financial Accounting Standards Board, the American
Institute of Certified Public Accountants, and the Government Accounting
Standards Board.
ACC412
AUDITING
PREREQUISITE: ACC 303 AND ACC
311
Emphasis is placed on the philosophy and environment of the auditing
profession. Attention is given to the nature and purpose of auditing,
generally accepted auditing standards, professional conduct, auditor's
legal liability, and the procedures followed in performing audits of
financial statements.
ACC
416 FEDERAL INDIVIDUAL TAXATION
PREREQUISITE: ACC 301
Emphasis is placed on basic forms of federal income taxation and delves
particularly into those aspects which affect individual taxpayers.
Attention is given to the historical development of federal taxation, the
legislative process, the underlying rational of federal taxation, working
with the Internal Revenue Code, tax preparers' responsibilities, and tax
research.
ACC
420* Accounting Information
Technology and Business Solutions
Prerequisite:
ACC 303 and ACC 311
The aim of this course is to introduce the student to accounting
information technology and business solutions. This course provides
students with the challenge and opportunity to pursue a unique
opportunity, which integrates the complementing fields of accounting
information systems, information technology, and business management. In
addition, it provides an overview of the concepts, objectives, and
importance of properly designed systems.
Students learn to design,
create, update, query and maintain accounting databases. The hands-on
portion of the course reinforces the lecture material with examples from
real life applications.
ACC 480 INDEPENDENT
STUDY
PREREQUISITE: OPEN ONLY TO
ADVANCED ACCOUNTING MAJORS AND CONSENT OF THE INSTRUCTOR.
Independent research under the guidance of a faculty member on an
approved, specific topic or subject area. A written project is required.
ACC
490 Internship in Accounting
PREREQUISITE: OPEN ONLY TO seniors MAJORS BY APPLICATION.
intensive
field work experience in accounting. Assignments in private, non-profit
and public institutions. Students should schedule a minimum of two full
days per week.
ACC492
departmental Internship - Accounting
PREREQUISITE: permission of the accounting faculty.
Opportunity for accounting majors to assist faculty in college-level
accounting courses under the direct supervision of an accounting
professor.
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