Accounting at Ozarks

Course Descriptions

ACC 2003 PRINCIPLES OF ACCOUNTING I
Basic principles of accounting theory for proprietorships. Theory of the accounting cycle, debit and credit, books of original entry, ledgers, working papers, and financial statements are presented.

ACC 2013 PRINCIPLES OF ACCOUNTING II
A continuation of Principles of Accounting I with an emphasis in corporation accounting. Includes financial statement analysis, accounting for stocks and bonds, and partnership considerations. Prerequisite: ACC 2003 Principles of Accounting I.

ACC 3103 INTERMEDIATE ACCOUNTING I
Intermediate accounting theory for the balance sheet accounts covering plant and equipment, intangible assets, long-term liabilities, and capital accounts. Also, the structure and principles followed in preparing the income statement and statement of changes in financial position. Prerequisite: ACC 2013 Principles of Accounting II.

ACC 3113 GOVERNMENTAL ACCOUNTING
A consideration of the basic procedures underlying the treatment of the public and government accounts and of the scope and nature of financial statements for governments, schools, and hospitals. Prerequisite: ACC 2013 Principles of Accounting II.

ACC 3203 INTERMEDIATE ACCOUNTING II
A continuation of Intermediate Accounting I. A study of intangible assets, deferred charges, long-term debt, capital stock, retained earnings, statement of change in financial position, leases, price level and fair-value accounting, and analysis of financial position. Prerequisite: ACC 3103 Intermediate Accounting I.

ACC 3213 COST ACCOUNTING
A study of the elements of production under the job cost, process cost, and standard cost systems; inventory of materials; payrolls and taxes; budgets; wage plans; and other related topics. Prerequisite: ACC 3103 Intermediate Accounting I.

ACC 4013 ACCOUNTING INFORMATION SYSTEMS
A study of selected topics within the accounting discipline that relate to the impact of advances in information technology on the performance of accounting functions within an organization. The selected topics discuss how accountants can improve the design and functioning of an accounting information system so that it truly adds value to the organization. Prerequisite: ACC 3203 Intermediate Accounting II.

ACC 4103 ADVANCED ACCOUNTING I
A study of complex accounting theory and problems relating to partnerships, corporations, joint ventures, consignments, consolidations, and mergers. Prerequisite: ACC 3203 Intermediate Accounting II.

ACC 4113 PERSONAL INCOME TAX ACCOUNTING
A study of the Federal Income and Social Security taxes with emphasis on the determination of taxable income for individuals. Special emphasis will be placed on preparing returns under Federal and Arkansas income tax statutes. Prerequisite: ACC 2013 Principles of Accounting II.

ACC 4123 AUDITING
This course is designed to be the culmination of the student’s accounting studies. Through this capstone experience, students will complete a major auditing project and a comprehensive exam to demonstrate knowledge of the discipline. The course content is a study of audit procedure and techniques, working papers and audit reports, internal controls, auditing problems and opinions, legal responsibilities, and professional ethics in the accounting field. Prerequisites: Senior status, and Instructor and Division Chair permission.

ACC 4203 ADVANCED ACCOUNTING II
A continuation of Advanced Accounting I with emphasis on parent-subsidiary relationships, consolidation financial statements, home-office and branch accounting, and international operations. Prerequisite: ACC 4103 Advanced Accounting I.

ACC 4213 CORPORATE INCOME TAX ACCOUNTING
A study of Federal tax laws as applied to partnerships and corporations: gift taxes, estate taxes, and excise taxes. Prerequisite: ACC 2013 Principles of Accounting II.

ACC 4223 CPA PROBLEMS
A review of problems relating to preparation for the CPA examination. Emphasis on all four examination parts: practice, auditing, law, and theory. Prerequisite: ACC 4103 Advanced Accounting I.

Privacy Policy  |  DMCA Notice