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Show Business and Economics — Accounting CENTER FOR BUSINESS AND ECONOMIC TRAINING AND RESEARCH Rodger S. Lawson, Director The Center for Business and Economic Training and Research (C.B.E.T.R.) is a division of the School of Business and Economics. The objective of C.B.E.T.R. is to foster a broad and continuing unity between the business and government communities, at large, and the School of Business. This objective is accomplished through the concept of the Center as a service organization. One service provided is a regular program of seminars and special training programs for the small business as well as for large firms and national organizations. A second service area is contract research and consulting for local firms, national associations, and all levels of government. DEPARTMENT OF ACCOUNTING Allen F. Simkins, Chairman Professors, Rodney H. Brady, Allen F. Simkins: Associate Professors, E. Devon Deppe, Daniel Favero; Assistant Professors, Donald P. Holman, Gerald B. Hoth, I. Richard Johnson, Carol S. McCormick; Lecturers, Ellen K. Harris, Reed A. Pettingill. ACCOUNTING Description: Accounting is a process of gathering, classifying, and interpreting information to facilitate the decision-making process of diversified user groups. The objectives of the accounting program are to prepare students to pursue professional careers in management accounting (controllership), public accounting, government accounting and other accounting related areas. Education: A career in accounting will normally require a bachelors degree as a minimum. There is a trend toward requiring a five year degree for entrance into the profession. Many employers look for a major in accounting with an MBA or Master of Accountancy Degree. Public accounting firms usually require a grade point average of 3.2 or higher. Majors in accounting are typically numbered among the outstanding students of the college. Employment Outlook: Demand for industrial, governmental and public accountants has been excellent. Industrial positions usually require experience. The best opportunities may be with out-of-state employers. Satisfactory employment can usually be found within the state, although salaries and opportunities for advancement tend to be lower. Related Careers: Students of accounting also find their accounting studies to be excellent preparation for other professional disciplines, such as law or business administration. In addition to the industrial, public and government positions, employment opportunities also exist in city management, credit analysis, finance, small business management, tax service, financial analysis, budget control and hospital administration. Business and Economics ■ accounting 86 Program: Accounting Major—Bachelor Degree I. General Requirements: See School of Business and Economics Requirements. II. Specific Requirements: A. Students must apply at the department office for Advanced Standing before beginning these requirements. Advanced Standing requires completion of the Pre-Business Core with a 2.30 minimum GPA (D grades are unacceptable). B. Minimum of 40 credit hours as explained below. C. Required courses (32 credit hours): Accounting 311 (4), 312 (4), 313 (4), 330 (4), 340 (4), 420 (4), 421 (4), 446 (4). D. Elective courses (8 credit hours): Accounting 301 (4), 341 (4), 342 (4), 431 (4), 447 (4), 450 (4), 461 (4), 470 (4), 480 (4). - Program: Accounting Minor for Business and Non-Business Majors I. General Requirements: A. Accounting minors must achieve a G. P. A. of 2.00 or better in II. minor courses. Specific Requirements: A. Non-business majors 1. Minimum of 51 credit hours as explained below. 2. Required courses (39 credit hours): Accounting 201 (4), 202 (4), 203 (4), 311 (4); Mathematics PS115 (5); Economics SS101 (5), 160 (5), 260 (4); Management 301 (4). 3. Elective courses (12 credit hours): Accounting 301 (4), 312 (4), 313 (4), 330 (4), 340 (4), 341 (4), 461 (4). B. School of Business and Economics Majors 1. Minimum of 16 credit hours as explained below. 2. Required course: Accounting 311 (4). 3. Elective courses (12 credit hours): Accounting 301 (4), 312 (4), 313 (4), 330 (4), 340 (4), 341 (4), 461 (4). ACCOUNTING COURSES 100. Practical Accounting: and Taxes (2) A conceptual look at financial accounting and federal taxes as they relate to the individual's personal life. W 201. Elementary Financial Accounting (Formerly Acctg. 102) (4) Introduction to financial accounting, the accounting cycle and financial statements; recording financial transactions; adjusting and closing entries; and accounting for cash, receivables, payroll, inventories and cost of goods sold. A W S 202. Elementary Financial Accounting (4) Continuation of financial accounting; plant and equipment; partnerships; corporations; liabilities; investments; consolidations; statement of changes in financial position; and accounting for price level changes. Prerequisite: Accounting 201. A W S 203. Managerial Accounting (Formerly Acctg. 310) (4) Development, analysis, and interpretation of accounting records and financial statements with emphasis on cost differentiation, the decision-making process, internal control, and budgets. Prerequisite: Accounting 202. A W S 289. Cooperative Work Experience (1-4) 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. Credit does not count toward any major, minor or degree programs. A W S Su 292. Short Courses, Workshops, Institutes and Special Programs (1-4) In order to provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used it will be accompanied by a brief and specific descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. A W S Su 301. Accounting Systems (4) Design and analysis of management information systems, with special emphasis on computers, computer programming, and the role of accounting in the management process, A 311. Intermediate Accounting (4) Review of fundamentals; financial statements; cash and secondary cash resources; receivables, inventories. A W S 312. Intermediate Accounting (4) Investments; plant and equipment; acquisition; retirements, depreciation, depletion, revaluation; intangible assets, liabilities; retained earnings, dividends, treasury stock, book value. Prerequisite: Accounting 311. A W S 313. Intermediate Accounting (4) Pensions and leases; corporate stockholder's equity; income taxes; correction of errors ; changes in financial position and cash flows; analysis of financial statements; price level accounting. Prerequisite: Accounting 312 A W S 330. Cost Accounting (Formerly Acctg. 430) (4) Product costing utilizing job cost and process cost systems; planning and controlling routine operations through use of standards; budgeting and responsibility accounting. A W 340. Federal Tax Accounting (Formerly Acctg. 440) (4) Federal income taxation of individuals. Prerequisite: Accounting 202 or consent of the instructor. (Pre-business core not required). A W 341. Federal Tax Accounting (Formerly Acctg. 441) (4) Federal income taxation of business organizations. Prerequisite: Accounting 340. (Pre-business core not required). W S 342. Wills, Gifts, Estates and Trusts (4) A basic course in estate planning including consideration of intestacy and probate law, taxation of estates and gifts, and the use of trusts. (Pre-business core not required) S 420. Advanced Accounting (4) Branch and home office accounting; business combinations; consolidated financial statements. Prerequisite: Accounting 313. A W 421. Advanced Accounting (4) Partnerships; joint ventures; segment reporting; interim j financial statements; forecasts; multinational companies; bankruptcy and corporate reorganization; installment sales and consignments; governmental accounting; not- for-profit entities; accounting for estates and trusts. Prerequisite: Accounting 420. W S Composite Teaching Major in Business Education (Accounting)- Interdepartmental Programs.) -(See Composite and 87 |
