Northeastern State University

ACCOUNTING (ACCT)

2103 Introduction to Financial Accounting

An introductory course in financial accounting that utilizes a decision approach for both management and external users. Topics include income measurement, asset and liability determination, financial statement preparation, accounting systems, internal controls, ethics, corporate accounting, and analysis of financial statements.

2203 Introduction to Managerial Accounting

An introductory course in managerial accounting that emphasizes the decision making needs of internal management to achieve organizational objectives. Topics include cost behavior, management accounting systems, selecting relevant information, decision making, budgeting, responsibility accounting, capital budgeting, break-even analysis, activity-based costing, and financial statement analysis. Prerequisite: ACCT 2103.

3003 Income Tax Accounting

An introduction to federal and state income tax laws and regulations including taxable and nontaxable income, deductions, credits, types of entities, ethics, tax research and tax planning. Prerequisite: ACCT 2203.

3013 Payroll and Employee Benefits Accounting

Covers a wide spectrum of basic payroll accounting and employment topics pertaining to large and small employers. Topics include federal and state employment taxes, cafeteria plans, group health plans, COBRA requirements, Fair Labor Standards Act, worker’s compensation issues, pension plans, contract labor, and employee leasing.

3123 Contemporary Business Analysis

Accounting information used by managers of various organizations for decisionmaking purposes. Relationships between components of financial statements, as well as special-purpose reports designed to provide relevant information for managerial decisions. Includes consideration of corporate income tax provisions and their role in strategic planning. Prerequisite: ACCT 2203, not available as Accounting or Finance elective.

3203 Cost Accounting I

An introduction to cost accounting concepts and practices, as applied to manufacturing, merchandising, and service-oriented organizations. Topics include cost behavior analysis, job order costing, activity-based costing, budgeting, variance analysis, absorption costing, and variable costing. Prerequisite: ACCT 2203.

3303 Intermediate Accounting I

A review of the accounting cycle and advanced work in the areas of cash, temporary investments, receivables, inventories, current liabilities, and investments in stocks and bonds. Prerequisite: ACCT 2203 and 3313 or concurrent enrollment in ACCT 3313.

3313 Accounting Information Systems

Design of systems to process and report accounting information for purposes of assisting management in the decision-making process, reporting considerations, and strengthening internal controls. Practice in using accounting software. Prerequisites: ACCT 2203 and IS 1133 or instructor permission.

3343 Accounting Software

An introduction to the use of accounting computer packages. Microcomputers will be the vehicle of study. Accouting computer packages will be used to study accounting systems including general ledger, accounts receivable, accounts payable, billing, payroll and inventory control. Prerequisites: ACCT 2103 and IS 3063.

3353 Governmental and Not-for-Profit Accounting

Accounting for governmental and not-for-profit entities. Emphasis on state and local government accounting. Prerequisite: ACCT 2203.

3403 Intermediate Accounting II

Continuation of Accounting 3303 to include noncurrent assets and liabilities, stockholders’ equity accounts, the statement of changes in financial position, and various analyses of financial data. Prerequisite: ACCT 3303.

3500 Selected Topics in Accounting

Designed to meet the needs and interests of students and the community. Topics may vary to include such subjects as tax practice management, managerial accounting methods, and current issues in taxation. Permission of instructor.

3600 Accounting Tax Practicum

Practical application of accounting and tax concepts in a service learning environment. Prerequisites: ACCT 3003 and instructor permission.

4003 Advanced Income Tax Accounting

Taxation of corporations, partnerships, and fiduciaries, estate tax laws, payroll taxes, corporate reorganizations, liquidations, business ethics, tax research and tax planning. Prerequisites: ACCT 3003.

4103 Petroleum Accounting

Financial and tax accounting principles, practices, policies, and procedures used by oil and gas producers. Prerequisite: ACCT 4003.

4130 Contemporary Studies in Accounting

Designed to vary with the needs of students. Topics may vary to include current issues in accounting, incorporating a closely held business, computer applications for accounting systems, and audit systems designs and techniques. Permission of instructor and junior standing or above.

4193 Financial Statement Analysis

An in-depth study of financial statement analysis utilizing an analytic framework and statistical tools to measure risk and predict firm performance. Computer modeling skills and techniques are developed to analyze financial or business strategies. Prerequisites: FIN 3213 and ACCT 3303 or FIN 4183. (Qualifies as Finance elective).

4203 Cost Accounting II

Continuation of Accounting 3203 to include cost allocation methods, joint product and by-product costing, variance and profitability analysis, process costing, back flush costing, inventory management, just-in-time, capital budgeting, input yield and mix variances, and transfer pricing. Prerequisite: ACCT 3203.

4223 Retirement and Employee Benefit Planning

In this course students apply retirement planning and employee benefits in personal financial planning. This course is designed to provide students with an understanding of the concepts of the ethical considerations, Social Security, and Medicare benefits, retirement plan types, qualified plan characteristics, distributions and distributions options, group insurance benefits, other employee benefits, and analysis of retirement factors. Prerequisites: FIN 3613

4313 Applied Accounting Technology

The design and operation of contemporary accounting systems used to process and report accounting information. A variety of information technologies are presented with emphasis on database technologies. Control concepts and reporting responsibilities are also studied. Prerequisites: ACCT 2203 and IS 1003 or equivalent.

4403 Advanced Accounting I

Theory and problems of accounting for transactions involving consolidated statements, partnerships, insolvency, foreign operations, governmental, and notfor- profit. Prerequisite: ACCT 3403 or concurrent enrollment.

4413 Advanced Accounting II

A study of accounting for pensions, leases, changing prices, foreign operations, nonprofit operations, and current FASB statements and interpretations. Prerequisite: ACCT 3403 or concurrent enrollment in ACCT 3403. Offered once a year.

4503 Auditing

A study of audit concepts and procedures including sampling for attributes, substantive testing, internal controls, audit work papers, professional ethics, quality of evidence and audit reports. Prerequisites: ACCT 3403, BADM 3933, and IS 1133.

4513 Auditing II

Continuation of Accounting 4503 to include advance preparation for auditors and C.P.A. applicants. Development and completion of the audit. Prerequisite: ACCT 4503

4703 CPA Concepts

An in-depth study of accounting concepts related to the Certified Public Accounting examination including topics pertaining to governmental, taxation, managerial, and financial accounting. Prerequisites: 21 hours of accounting including ACCT 3303, 3403.

4713 CPA Problems II (Auditing)

Solution of advanced accounting problems and preparation for the Accounting Practice parts of the CPA examination. Prerequisite: 18 hours of accounting, including 6 hours of Intermediate ACCT and 3 hours of Auditing.

4950 Accounting Internship

Work in an approved position related to public, private, or governmental accounting. Consists of applying knowledge gained while working toward a degree. Prerequisite: Junior standing or above, and approval of department chair. Not available as Accounting elective.