B.S. in Accounting

Provides a comprehensive presentation of financial accounting principles and practices. Emphasis is placed on the preparation of financial statements, the basic framework and contents of these reports, and the preparation process.

Managerial decisions on prices, resource allocation, capital investment, and the functional areas of a business (marketing, production, purchasing, and finance) that work interdependently to achieve profit. Prerequisite: ACCT 205.

Examination of financial accounting concepts, theories and practices to include the following topics: cash and receivables, inventory valuation and credit policy, fixed assets, and revenue and expense recognition. Prerequisite: ACCT 211.

Continuation of Intermediate Accounting I, studies the advance concepts and practices associated with liabilities and stockholders’ equity, earnings per share, income tax allocation, financial statements reporting and financial statement analysis. Prerequisite: ACCT 215.

Examines how accounting information systems function in today’s business environment. The course design emphasizes the internal control features necessary to produce accurate and reliable accounting data as well as the steps necessary to properly record, summarize and report accounting information in both manual and computerized systems. Prerequisite: ACCT 211.

Examines financial auditing and other assurance services performed by accountants. Topics include: auditing standards, legal liability, internal control, sampling theory, auditing procedures for revenues and expenditures, the nature of evidence, and auditing techniques necessary for an independent auditor. Prerequisite: ACCT 211.

An examination of the federal income tax law and its application to individuals. Topics include: an understanding of gross income, deductions, gains and losses, laws and procedures that apply to federal income taxation of individuals and individually taxed business entities. Prerequisite: ACCT 211.

Studies costing, pricing, planning, and motivation. Topics include: cost accumulation, cost allocation, standard costs, product pricing, variance analysis, budgeting, transfer pricing, performance measurements, and short-term decision making. Prerequisite: ACCT 211.

Expanded study of federal tax laws affecting the various corporate entities, partnerships, estates, and trusts. Topics include: an understanding of laws and procedures that apply to federal income taxation of partnerships, S-corporations, and C-corporations, other corporate structures and tax preparation. Prerequisite: ACCT 340.

This capstone course builds on all financial accounting concepts presented throughout the accounting program. In this course students will consider more advanced accounting issues related to business combinations, consolidated financial statements, intercompany transactions, multinational accounting (foreign currency translations and IFRS), accounting for partnerships, SEC reporting and accounting by fiduciaries. Prerequisites: ACCT 225 and Senior standing.

Exploration of principles and activities in the commercial enterprise including topics such as product, price, promotion, place/channel, competition, company, and communication.

Explores the financial function of the commercial enterprise including topics on working capital management, procurement of resources from financial markets, and financial decision making in the firm. Prerequisite: ECON 120 or ECON 260.

Examines the current and emerging legal principles that impact business transactions, topics include contracts, business organizations and structure, sale of goods, commercial paper, personal and real estate property, intellectual property and international business law.

Surveys the opportunities and challenges associated with planning, conducting and implementing international business transactions in the international marketplace. Prerequisite: BUSN 240.

Study of strategy development and deployment in the business enterprise and examines the overarching application of the role of a biblical worldview in the business enterprise. Prerequisites: BUSN 220, BUSN 240, and BUSN 320.

The nature of ethical leadership through a consideration of the ethical foundations of leadership principles evident in the lives of great leaders; the effect of leader’s values and beliefs on decision-making. Cross-listed with MGMT 330.