Accounting Accounting General Information Contact the Accounting Department for a separate and detailed bulletin on the Master of Professional Accountancy Program. PROGRAM: ACCOUNTING MAJOR BACHELOR DEGREE General Requirements: • WSU Core Requirements (see index). • General Education Requirements (see index). College of Business and Economics Requirements: • See College of Business and Economics Requirements section of the catalog. Major Requirements (50 credit hours): • Required courses: Acctg 311 (3), 312 (3), 313 (3), 330 (3), 331 (3), 340 (3), 344 (3), 375 (3), 413 (3), 414 (3), 444 (3), 451 (3), 452 (3); Econ 302 (4); CIS 374 (4); BusAdm 421 (3). MASTER OF PROFESSIONAL ACCOUNTANCY COURSES-MPACC Entry into all 600 level courses requires graduate standing. (See Accounting Department for graduate standing criteria.) 614. Evolution of Accounting Thought (5) Development of traditional accounting theory including discussion of the various standard-setting bodies, self-regulation, politicization of accounting standard setting, and environmental influences affecting the accounting profession. 615. Financial Accounting Theory (5) W A study of contemporary approaches to financial accounting theory. 621. Ethical Considerations and Legal Liability (5) A A study of the ethics espoused by accountants and their professional organizations with attention given to the current legal climate in which accountants operate. 623. Advanced Business Law for Accountants (5) The study of advanced business law topics oriented toward the accountant and passage of professional examinations. Prerequisite: Bus Adm 320. 625. SEC Accounting (5) W The history, impact, and filing requirements of Securities and Exchange Commission are examined. 626. Quantitative Methods in Accounting (5) The application of mathematics and statistics to accounting problems. Models and techniques include cost estimation, cost control, inventory management, financial forecasting, linear programming, goal programming, Markov analysis, and simulation. 631. Advanced Cost Accounting (5) 5 Emphasis on cost analysis for non-routine decisions and long-range planning, performance measurement, non-manufacturing costs, and alternative methods of overhead applications. Prerequisite: Acctg 331. 633. Advanced Managerial Accounting (5) A study and analysis of advanced managerial accounting subjects. Examines the impact of accounting information on managerial processes including planning, organizing, and controlling. Prerequisites: Acctg 626, 631. 640. Tax Research and Planning (5) A, S Procedures in effective tax research as applied to specific problems of individuals, corporations, partnerships, and fiduciaries. Prerequisite: Acctg 444. 641. International Taxation (5) W Basic principles of international taxation with emphasis on U.S. tax law. Prerequisite: Acctg 444. 642. Wills, Gifts, Estates, and Trusts (5) S Estate planning including consideration of intestacy and probate law, taxation of estates and gifts, and the use of trusts. Prerequisite: Acctg 640. 645. IRS Practice and Procedure (5) A Audit, appeal, and litigation strategy and procedure applicable to federal income tax matters. A simulated case involving drafting of appropriate documents will be an integral part of the course. Prerequisite: Acctg 640. 646. Advanced Corporate Taxation (5) W A study of the income taxation of corporations with emphasis on corporate formation, distributions, liquidations, and reorganizations. Prerequisite: Acctg 640. 647. Advanced Partnership Taxation (5) S A study of the income taxation of partnerships including formation, distributions, purchase and sale of partnership interest, etc. Prerequisite: Acctg 640. 655. Audit Techniques and Cases (5) S The application of generally accepted auditing standards to auditing cases. Also, a study of auditing research techniques and a study of contemporary issues related to auditing. Prerequisite: Acctg 452. 657. Auditing EDP Systems (5) W Methods, techniques, controls, and procedures used in the audit of computerized accounting systems. Prerequisite: Acctg 452. 659. Audit Sampling (5) A Applications of statistical and non-statistical sampling methods to auditing including judgment sampling, attribute sampling, ratio, difference, and mean per unit estimation, monetary unit sampling, and analytical tests. Prerequisite: Acctg 452. 661. Advanced Accounting Information Systems (5) A An advanced study of accounting information systems including general ledger, accounting database management, and management query systems. Course integrates projects and case studies where applicable. Prerequisite: Acctg 375. 675. Accounting and Communication (5) A study of accounting research methodologies and analytical techniques integrating methods of communicating the results of analyses and research accomplished. 680. Independent Study (1-5) Individual work or work in small groups, by arrangement, on special topics not included in the announced course offerings. Prerequisite: Approval of department chair and instructor. 699. Lecture Seminar (1-5) Lecture and discussion of current accounting topics by individuals from business and industry. UNDERGRADUATE ACCOUNTING COURSES-ACCTNG 101. Practical Accounting and Taxes (3) A conceptual look at financial accounting and federal taxes as they relate to the individual's personal life. Designed for non-accounting majors. 201. Elementary Financial Accounting I (3) Su, A, W, S Introduction to the basic accounting cycle for service and merchandising companies plus consideration of selected balance sheet topics. 202. Elementary Financial Accounting II (3) Su, A, W, S Continuation of Acctg 201 including discussion of remaining balance sheet topics and consideration of basic principles of accounting for corporations and partnerships. Prerequisite: Acctg 201. 230. Managerial Accounting (3) Su, A, W, S Analysis of cost behavior and the role of accounting information in the planning, controlling, and decision-making processes of a business enterprise. Prerequisite: Acctg 201. 289. Cooperative Work Experience (1-4) A, W, S Open to students meeting criteria established from time to time by the department and on file either in the department or the cooperative education office. Provides academic credit for on-the-job experience. Grade and amount of credit will be determined by the department. Prerequisite: Instructor approval. 292. Short Courses, Workshops, Institutes, and Special Programs (1-4) Consult the quarterly class schedule for the current offering under this number. The specific title and credit authorized will appear on the student transcript. All students must have advanced standing to register for all accounting courses numbered 301 or above. Prerequisites other than advanced standing courses must also be taken V by all students. 311. Intermediate Financial Accounting I (3) A, W, S Introduction to the accounting profession, standard setting process, and the conceptual framework. Thorough study of the balance sheet, income statement, statement of retained earnings, and statement of changes in financial position as well as time value of money. Prerequisites: Acctg 202, 230; advanced standing. 312. Intermediate Financial Accounting II (3) A, W, S Accounting for cash, temporary investments, receivables, inventories, current liabilities, plant assets, and intangible assets. Prerequisite: Acctg 311; advanced standing. 313. Intermediate Financial Accounting III (3) A, W, S Accounting for long-term liabilities, stockholders' equity, dilutive securities, investments in securities and funds, and revenue recognition. Prerequisite: Acctg 312; advanced standing. 330. Cost Accounting I (3) A, W Cost determination for budgeting, product costing, standard costing, and decision making in the manufacturing process. Prerequisites: Acctg 202, 230; EconQt 261; advanced standing. 331. Cost Accounting II (3) W, S A continuation of Accounting 330 with emphasis on cost allocation and process costing. Prerequisite: Acctg 330; advanced standing. 340. Taxation of Individuals (3) A, W Basic concepts of gross income, expenses, deductions, credits and computation of tax for individual taxpayers. Prerequisites: Acctg 202, 230; advanced standing. 344. Tax Special Topics (3) W,S Property transactions including capital gain provisions. Use of tax forms for individuals and computer applications in tax planning and preparation. Prerequisite: Acctg 340; advanced standing. 375. Accounting & Information Systems (3) A, S Analysis, design, and implementation of accounting information systems with special emphasis on system management, database management systems, and decision support systems for management and accounting. The course integrates computer applications and case studies where applicable. Prerequisite: CIS 374; advanced standing. 413. Consolidations (3) A, S Consideration of business combinations (mergers, consolidations, and stock acquisitions) with special emphasis on pooling and purchase methods of accounting for business combinations. Prerequisite: Acctg 313; advanced standing. 414. Advanced Special Topics (3) W, S Accounting and reporting for partnerships, foreign operations, segment reporting, corporate liquidation and reorganization, and estates and trusts. Prerequisite: Acctg 313; advanced standing. Student Services Interdisc. Programs Applied Science & Technology Arts& Humanities Business & Economics Education Health Professions Science Social & Behavioral Sciences 134 135 Continuing Education