Page 271 - Texas Wesleyan Univ Catalog

Prerequisite: ACC 2303 (with a grade of C or better)
Course Descriptions/Accounting 269
Accounting (ACC)
A “C” or better must be earned in any accounting coursework completed as a part of an accounting concentration, with or without a forensic/fraud examination emphasis.
2303. Principles of Financial Accounting 3 hours
An introduction to the elementary concepts of financial accounting, emphasizing the use of generally accepted accounting principles in measuring, recording, and reporting accounting data in business.
2304. Principles of Managerial Accounting 3 hours
An introduction to the use of accounting data by managerial decision makers in both profit and not-for-profit organizations. Accounting and economic concepts of cost behavior are studied along with cost-volume- profit analysis, budgetary controls, responsibility accounting, standard costing, capital budgeting and both long- and short-term decision-making.
3311. Intermediate Accounting I 3 hours
Prerequisite: ACC 2303 and 2304 (each with a grade of C or better)
An in-depth study of the process underlying the preparation and presentation of an entity’s financial information for external users. Coverage typically includes the accounting cycle, with emphasis on preparation and analysis of financial statements and a detailed study of balance sheet accounts including inventory and long-lived assets.
3312. Intermediate Accounting II 3 hours
Prerequisite: ACC 3311 (with a grade of C or better)
An in-depth study of the process underlying the preparation and presentation of an entity’s financial information for external users. Topics typically include recognition, measurement and disclosure issues related to equity investments, liabilities, pensions, leases, income taxes, revenue, stockholders’ equity, and cash flows.
3325. Accounting and Financial Information Systems 3 hours
Prerequisite: ACC 2303 and ACC 2304 (each with a grade of C or better)
Study of the processes, internal controls, and procedures by which an organization's financial information is developed. Emphasis is on capturing, analyzing, storing, processing, and reporting of accounting information as it relates to the information needs of the organization.
3340. Cost Accounting I 3 hours
Prerequisite: ACC 2303 and 2304 (each with a grade of C or better)
Primary focus is on accounting in manufacturing operations; cost concepts, classifications, and accounting for materials, labor, and overhead are covered; process costing, budgeting, standards costs, direct costing, and differential cost analysis are also included as topics.
4301. Federal Income Taxation I 3 hours
Prerequisite: ACC 2303 and 2304 (each with a grade of C or better)
A study of federal income tax laws with particular emphasis on tax compliance, research, and planning for individuals.
4302. Taxation of Corporations, Partnerships, and 3 hours Fiduciaries (5302)
Prerequisite: ACC 4301 (with a grade of C or better)
A study of federal income tax laws relating to corporations, partnerships, and fiduciary entities with emphasis placed on the interpretation and application of tax law and other tax authority.