Certificate in Accounting Practice

Course Sequence - Certificate in Accounting Practice
Course sequence is subject to change.

Course Descriptions

ACC 681: Introduction to Financial and Managerial Accounting

This course provides an introduction to financial and managerial accounting. Since this course focuses on accounting’s role in providing information for management decisions, it also includes techniques for planning and controlling business operations to achieve company goals. Topics include the accounting cycle, financial statements, and financial ratios. From a managerial perspective, topics include job-order, process costing, activity-based costing, cost behavior, cost volume profit analysis, budgets, variances, and capital budgeting.

ACC 682 - Intermediate Accounting

Entities that prepare financial statements are guided by principles of financial reporting practices. These practices are in accordance with generally accepted accounting principles (GAAP). Increasingly, these standards adhere to global practices and standards as well. To increase student knowledge and skills concerning these standards, the course begins with expanded explanations of income statements and balance sheets. As the course progresses, students gain more complex skill with accounting applications such as leases, postretirement benefits, and accounting for income taxes. Additionally, this course includes advance application for the statement of cash flows.

ACC 683 - Taxation

This is an introductory course in taxation in which students will be exposed to the various types of federal taxes and learn the basics of federal income taxation as it applies to businesses and individuals. The course begins with a discussion of basic concepts of federal taxation applicable to all taxpayers. Emphasis is placed on study of the basic income tax formula, including income inclusions, exclusions, deductions, and the tax consequences of property transactions. This is followed by a study of income tax laws as they affect formation, operations, and distributions of corporations and partnerships. The course concludes with a study of the specific income tax provisions applicable to individuals and an introduction to the tax issues associated with the transfer of personal wealth.

ACC 684 – Accounting Information Systems

The primary focus of the course is to cover the nature, design, and implementation of accounting information systems. The objective of the course is to develop students’ understanding of the theory and practice of relational database management systems in the accounting view of enterprise-wide databases.