Accounting Program
General Education Program: Credits 38
- Curriculum Area 1: Arts and Humanities (6 credits)
- Curriculum Area 2: Social and Behavioral Sciences (6 credits)
- Curriculum Area 3: Biological and Physical Sciences (7 credits)
- Curriculum Area 4: Mathematics (3 credits)
- Curriculum Area 5: English Composition (9 credits)
- Curriculum Area 6: Institution-Specific Courses (7 credits)
Foundation Knowledge: Credits 43
- ACCT 201 Introductory Financial Accounting (Credit: 3)
- ACCT 202 Introductory Corporate & Managerial Accounting/Hybrid (Credit: 3)
- BUAD 200 Business Ethics (Credit: 3)
- BUAD 222 Principles of the Scientific Method in Business (Credit: 3)
- BUAD 233 Business Communications (Credit: 3)
- BUAD 242 The Legal Environment for Business (Credit: 3)
- BUAD 252 Calculus with Business and Management Applications (Credit: 3)
- BUAD 253 Business Statistics I (Credit: 3)
- BUAD 302 Management and Organizational Behavior (Credit: 3)
- BUAD 354 Business Statistics II (Credit: 3)
- BUAD 495 Strategic Management (Credit: 3)
- BUED 101 Sophomore Professional Development (Credit: 0.5)
- BUED 102 Junior Professional Development (Credit: 0.5)
- FINA 101 Financial Literacy (Credit: 3)
- FINA 340 Financial Management (Credit: 3)
- MKTG 308 Principles of Marketing (Credit: 3)
Major Requirements: Credits 30
- ACCT 301 Cost & Budgetary Control (Credit: 3)
- ACCT 302 Intermediate Accounting I (Credit: 3)
- ACCT 303 Intermediate Accounting II (Credit: 3)
- ACCT 304 Managerial Accounting (Credit: 3)
- ACCT 308 Accounting Information Systems (Credit: 3)
- ACCT 400 Intermediate Accounting III (Credit: 3)
- ACCT 402 Federal Income Tax Accounting Individual (Credit: 3)
- ACCT 407 Auditing (Credit: 3)
- BUAD 305 Business Analytics (Credit: 3)
- BUAD 414 Business Law II (Credit: 3)
Major Electives: Credits 9
- Three courses in any ACCT 300 or 400 level course for which the student has the required prerequisites.
Accounting Courses
ACCT 200 – COLLEGE ACCOUNTING (3 crs.)
THIS COURSE WILL PRESENT A SURVEY OF ACCOUNTING WITH THE FOCUS ON PRACTICAL ISSUES FOR USERS OF ACCOUNTING INFORMATION. This course will not satisfy any requirements for majors in the Department of Business, Management and Accounting.
ACCT 201 Introductory Financial Accounting (3 crs.)
Beginning study of financial accounting principles and concepts. Emphasis is on the conceptual understanding of accounting and its role in society. Practical applications of accounting concepts are demonstrated both manually and electronically. Computer spreadsheet applications are utilized extensively. The focus is on accounting for sole proprietorships. Prerequisite: A grade of “C” in ENGL 101, ENGL 102 and MATH 109.
ACCT 202 Introductory Corporate& Managerial Accounting (3 crs.)
Financial accounting principles and concepts as they relate to partnerships and corporations are covered. Also, managerial and cost accounting topics will be explored. Each student is required to complete a computerized practice set as well as solve problems using spreadsheet applications. Prerequisite: ACCT 201.
ACCT 301 Cost & Budgetary Control (3 crs.)
A study of basic cost accounting and budgetary techniques. Job order and process cost systems are studied. The three manufacturing cost elements included in the budgetary process are analyzed. Prerequisite: ACCT 202.
ACCT 302/H Intermediate Accounting I/ Honors (3 crs.)
An in-depth study of modern financial accounting, concepts, principles, practices, and the conceptual framework on which accounting is developed. The accounting cycle, adjusting entries, corporate transactions and the preparation of financial statements are emphasized. Prerequisite: ACCT 202 and 2.5 GPA in ACCT 201 and ACCT 202.
ACCT 303/H Intermediate Accounting II/ Honors (3 crs.)
A continued in-depth study of modern financial accounting as it relates to income determination, asset valuation, and stockhoders’ equity. International and ethical implications are considered. Prerequisite. ACCT 302
ACCT 304 Managerial Accounting (3 crs.)
A study of the usefulness of financial data and financial analysis to management in the functions of planning, control, and decision-making. The course will survey the elements of cost as well as the main aspects of the accounting structure. Prerequisite: ACCT 301
ACCT 388 Financial Statement Analysis (3 crs.)
This course investigates the use of financial statements from the view of mainly the user of these statements. Prospective users include investors, financial analysts and creditors who have to assess the information content of accounting numbers and the predictive value of accounting data. Balance sheet and Income statement information, Cash Flow Statements, profitability analysis, and ratio analysis and interpretation are covered.
ACCT 400/H Intermediate Accounting III/ Honors (3 crs.)
A continued in-depth study of modern financial accounting covering such troublesome topics as pensions, leases, deferred taxes, and foreign currency transactions. Prerequisite. ACCT 302 with “C” grade or above.
ACCT 401/H Advanced Financial Accounting/Honors (3 crs.)
A study of specialized problems in partnerships, consignments, installment sales, insurance, consolidation of parent and subsidary statements, mergers and poolings. Prerequisite: ACCT 302 with a “C” or better.
ACCT 402/H Federal Income Tax Accounting Individual/Honors (3 crs.)
An in-depth study of tax provisions and planning for individuals. The basic procedures involved in the determination of income tax liability of individuals, proprietorships, and partnerships are to be performed. Prerequisite: ACCT 303
ACCT 405/H Government and Non-Profit Accounting/Honors (3 crs.)
Accounting principles and practices for not-for-profit organizations are covered with specific emphasis on state and local government units. The course also focuses on cost and budgetary controls in private not-for-profit organizations such as hospitals and schools. Prerequisite: ACCT 302.
ACCT 407/H Auditing/Honors (3 crs.)
This ia a capstone course for accounting majors. Financial auditing principles, concepts and practices including professional ethics, statisical sampling techniques, and audit liability are covered. Work paper preparation and audit reports will be an important part of the course. Analyses of computer case study is required. Course requires a thorough understanding of financial accounting. Capstone course in Accounting taken during final semester of study. Prerequisite: Senior Standing, ACCT 400, Acct 401.
ACCT 409 Forensic Accounting (3 crs.)
Forensic accounting deals with the relation and application of the accounting systems used to record and summarize business and financial transaction to a legal problem. This course encompasses both investigative accounting and litigation support, with emphasis on the following topics: protection and recovery of assets; investigating and analyzing financial evidence; developing computerized applications to assist in the analysis and presentation of financial evidence; communicating findings in the form of reports and collections of documents; and assisting in legal proceedings, including testifying in court as an expert witness and preparing visual aids to support trial evidence. Prerequsites: ACCT 302 with “C” or better.
ACCT 410 CPA Problems (3 crs.)
A study, review and analysis of the content, form, and scope of CPA examinations for the purpose of learning CPA practices and finding solutions to practical problems in various accounting fields. The purpose is to prepare students toward Certified Public Accountants Examinations. Prerequisite: ACCT 302 with a “C” or better.
ACCT 412 – TAXATION INTERNSHIP (3 crs)
This course is an internship in personal taxation preparation that uses the knowledge gained in ACCT 402 in a field setting. Students will prepare tax returns in the VITA program sponsored by ShoreUp in Princess Anne. They will then write a reflective report on the experience. Prerequisite: ACCT 402 with a “C’ or better.
ACCT 413 – ACCOUNTING ETHICS (3 crs)
This course provides major theories of accounting ethics, and applicable ethical decision-making models as well as opportunities for students to apply ethical models to real-world situations. Ethics coverage integrated throughout the course helps students understand this topic’s importance vis-a-vis accounting fraud and provides detailed coverage of the main signals indicating possible fictitious reporting in financial statements to help students learn what to look for. Prerequisites: ACCT 303 and consent of instructor.
ACCT 498 Independent Study in Accounting (3 crs)
The hours for this course are arranged with designated or individual faculty. Under the guidance f the faculty member, students conduct an intensive investigation of a topic within the field of Accounting. A written proposal is required for approval. Projects typically include library and/or internet research, interviews with operating and/or staff managers, and other requirements appropriate to the topic. One of the products of this project is a report. Will satisfy elective requirement in Accounting Major. Prerequisites: ACCT 303 and consent of instructor.
