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The Accounting Program at Northeastern State
University is designed
to prepare the accounting major for a career in the accounting profession,
public, private, or governmental. In addition, the accounting curriculum is
designed to develop the accounting students’ ability to work
effectively, to become mentally disciplined, to communicate orally and in
writing, to be aware of professional responsibilities, to develop an
appreciation of the accountant’s high standard of integrity, and of
objectivity in reporting. The Accounting Program is structured to provide the
non-accounting major with basic accounting knowledge for use in a chosen
major field and personal life.
Bachelor of Business Administration
Accounting Major
The following policies of the College of Business and
Technology apply to the Accounting Major: Entrance
Requirements, Minimum Grade
Requirements, Experiential
Credit Limitation, Transfer
Credit Limitation, English Proficiency, Upper Division Credit, Liberal
Arts and Sciences, and Residency.
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ENGLISH PROFICIENCY
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English proficiency is a graduation requirement.
Components I and II of English proficiency should be met with grades of
"C" or better prior to the completion of 60 credit hours.
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UPPER DIVISION CREDIT
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Total hours must include at least 40 hours of credit in
courses numbered 3000 and above.
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LIBERAL ARTS & SCIENCES
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At least 40 semester credit hours are required in the
Liberal Arts and Sciences.
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RESIDENCY
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At least 18 hours or one-half of the major, whichever is
greater, must be taken in residency
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Courses
2103 Introduction to
Financial Accounting 3 hours
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 3 hours
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 3 hours
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 3 hours
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 3
hours
Accounting information used by managers of various organizations for
decision-making 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.
3203 Cost Accounting I 3 hours
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 3 hours
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 3
hours
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 MIS 1133 or instructor
permission.
3353 Governmental and Not-for-Profit
Accounting 3 hours
Accounting for governmental and not-for-profit entities. Emphasis on state
and local government accounting. Prerequisite: ACCT 2203.
3403 Intermediate Accounting II 3
hours
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 1-3
hours
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.
4003 Advanced Income Tax Accounting 3
hours
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 3 hours
Financial and tax accounting principles, practices, policies, and procedures
used
by oil and gas producers. Prerequisite: ACCT 4003.
4130 Contemporary Studies in
Accounting 1-3 hours
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 3
hours
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 3 hours
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 3 hours
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.
4313 Applied Accounting Technology 3
hours
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 MIS
1003 or equivalent.
4403 Advanced Accounting I 3 hours
Theory and problems of accounting for transactions involving consolidated
statements, partnerships, insolvency, foreign operations, governmental, and
not for-profit. Prerequisite: ACCT 3403 or concurrent enrollment.
4413 Advanced Accounting II 3 hours
A study of accounting for pensions, leases, changing prices, foreign
operations, non-profit operations, and current FASB statements and
interpretations. Prerequisite: ACCT 3403 or concurrent enrollment in ACCT
3403. Offered once a year.
4503 Auditing 3 hours
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 MIS 1133.
4513 Auditing II 3 hours
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 3 hours
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) 3
hours
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 3 or 6
hours
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.
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