Department of Accounting
418 Bryan Building
William A. Collins, Professor and Head of Department
Professors Mecimore, Jones (Emeritus), Woelfel, (Emeritus); Associate Professors Cassill, Helms, Mautz; Assistant Professors Anderson, Brackney, Butler; Lecturers Drake (Vice Chancellor for Business Affairs), Leuck, Price
The primary goal of the department is to provide programs of quality education in accounting at the undergraduate and graduate levels. The undergraduate program provides an excellent foundation for accounting careers in industry, government and other not-for-profit organizations; is sufficiently broad to qualify graduates for a wide range of entry-level, business-related positions; and prepares students for further graduate-level studies in areas such as accounting, law and business administration. (Also offered as an evening program.)
All-University Liberal Education Requirements (AULER) (45 hours)
All students in this program must meet AULER requirements. Specific area requirements are indicated below:
See pp. 63-66 for a detailed listing of the complete AULER area requirements and courses meeting those requirements.
Major and Related Area Requirements
Electives sufficient to complete 122 semester hours required for degree. At least 13 hours of electives must be taken outside the Bryan School of Business and Economics.
201 Financial Accounting (3:3). Pr. second semester freshman standing.
Introduction to external financial statements of organizations, emphasizing the use of accounting information in making investment and other decisions. Addresses ethical considerations and role of financial reporting in society.
202 Managerial Accounting (3:3). Pr. second semester freshman standing.
Introduction to internal accounting and reporting of organizations, emphasizing the use of accounting information used by management and other decision makers within the organization.
203 Double-Entry Formal Accounting Systems (1:1). Pr. grade of C or better in 201. Essential aspects of accounting cycle, including journalizing and posting transactions, making necessary adjustments, preparing financial statements and closing the books.
317 Accounting Transaction Processing Systems (3:3). Pr. admission to program or other approved program; grade of C or better in 201, 202, 203 and ISM 280; junior standing. Designed to provide an understanding of a variety of accounting subsystems, systems analysis, and design issues reinforced through case studies.
318 Intermediate Accounting I (3:3). Pr. admission to program or other approved program; grade of C or better in 201, 202 and 203; junior standing; pr. or coreq. 317. Focuses on the conceptual framework underlying financial reporting by business enterprises, the processes by which authoritative accounting guidelines are promulgated, and the preparation, presentation, interpretation, and use of financial statements.
319 Intermediate Accounting II (3:3). Pr. admission to program or other approved program; grade of C or better in 317 and 318; junior standing. The second course in the two-course intermediate accounting sequence. Continues the examination of the preparation, presentation, interpretation, and use of financial statements.
420 Income Tax Accounting (3:3). Pr. admission to program or other approved program; grade of C or better in 201, 202, and 203; senior standing. Tax structure and tax principles. Accounting principles and procedures related to tax accounting. Application of tax and accounting principles to specific problems.
430 Cost Accounting (3:3). Pr. admission to program or other approved program; grade of C or better in 201, 202 and 203; senior standing. Costs and cost accounting principles, costing systems, cost determination procedures; control and analytical practices for managerial decision-making.
499 Independent Research in Accounting (1 to 3). Pr. admission to program and with permission of Department; senior standing.Individual study of an issue or problem(s) in accounting of particular interest to the student. Student must arrange time and course requirements with instructor prior to registration. May be repeated for credit with approval of Department Head.
For Advanced Undergraduates
and Graduate Students
510 Accounting for Governmental and Not-for-Profit Organizations (3:3). Pr. grade of C or better in 318, admission to Department or other professional program approved by the Department; senior or graduate standing.Designed to provide an understanding of accounting theory and practice for governmental and not-for-profit entities.
520 Federal Taxes and Management Decisions (3:3). Pr. admission to Department or other professional program approved by the Department; senior or graduate standing.This course examines the impact of federal income taxes on common business transactions and management decisions. It is designed for the non-tax specialist desiring a broader exposure to income taxes.
530 Cost Management Systems (3:3). Pr. grade of C of better in 430 or MBA 612, admission to Department or other professional program approved by the Department; senior or graduate standing.Principal topics are cost management systems for strategic planning, controlling, and decision-making; and product costing using concepts or resource consumption. Life cycle costing and world class accounting are emphasized.
540 Auditing Concepts (3:3). Pr. grade of C or better in 319, admission to the Department or other professional program approved by the Department; senior or graduate standing.Theory and practice of operational, compliance, and financial auditing; auditing standards and procedures, ethics, rules of evidence, transaction cycle controls.
542 Specialized Accounting Entities (3:3). Pr. grade of C or better in 319, admission to Department or other professional program approved by the Department; senior or graduate standing.Theory and practice associated with business combinations, consolidated financial statements, partnerships, branches, governmental units, nonprofit organizations, international operations, bankruptcy and other accounting topics related to specialized accounting entities.
For Graduate Students Only
600 Tax Research and Procedures (3:3).
610 Tax Policy and Business Planning Strategies (3:3).
613 Directed Studies in Accounting (1 to 3).
626 Managerial Accounting in a High Technology Environment (3:3).
628 Accounting Information Systems (3:3).
630 Seminar in Applied Financial Accounting Issues (3:3).
631 Advanced Auditing (3:3).
638 Information Systems Auditing (3:3)
645 Seminar in Financial Accounting Theory (3:3).
650 Taxation of Business Entities (4:4).
652 Taxation of Estates, Gifts and Trusts (3:3).
655 Taxation of Corporations and Shareholders (3:3).
656 Taxation of Flow-Through Business Entities (3:3)
699 Thesis (3).
800 Graduate Registration (0).