ACCT 202 Principles of Accounting II
Fundamentals of accounting theory for corporations; budgeting; process cost accounting. Analysis of financial statements and cash flows, including the time value of money. Prerequisite: 201.

ACCT 301 and 302 Intermediate Accounting I and II
Accounting theory and procedures including inventory valuation, corporate investment, valuation of tangible and intangible assets, long-term debt, corporate capital, reserves, funds flow, and financial statement analysis. Prerequisites: 201 and 202. Four semester hours each.

ACCT 310 Income Taxation
Background and history of income taxation; current income tax law, preparation of federal and state income tax returns. Prerequisite: 201 or permission of instructor.

ACCT 340 Managerial Cost Accounting
Budgeting and policymaking; job order, process, and standard cost systems. Prerequisites: 201 and 202.

ACCT 401 Advanced Accounting
Examination of theory and procedures used in accounting for business combinations and consolidated financial statements. Major differences in financial reporting among countries, foreign currency translation, and harmonization efforts of the International Accounting Standards Committee. Prerequisite: 301 or permission of instructor.

ACCT 409 Auditing
Study of the independent auditor’s examination of the accounting control system and other evidence as a basis of expressing an opinion on a client’s financial statements. Basic audit objectives, standards, ethics, terminology, procedures, and reports. Prerequisites: 301 and Statistics 161.

ACCT 460 Independent Study
Supervised independent study of area of individual interest in accounting. Prerequisites: junior or senior status and approval of department. One to four semester hours.

ACCT 470 and 471 Internship I and II
Work experience related to field in student’s major, jointly supervised by department and a professional in the field. Minimum 120 hours field work along with on-campus assignments. Prerequisites: junior or senior status, approval of the department, and completion of two courses selected from Accounting 201, Accounting 202, and Economics 152. Pass-Fail only. Three semester hours credit each for 470 and 471 as separate internships; variable credit from one to three semester hours for 471 when part of a combined 470-471 internship at a single site (minimum field work of 40 hours per semester hour credit).