Department of Accounting
Department of Accounting
| Requirements | Hours |
|---|---|
Core Curriculum Requirements |
44 |
|
Pre-Business Courses |
27 |
|
Professional Business Studies Core
| 24 |
| Accounting Major Requirements | Hours |
| Accounting 3311 | 3 |
| Accounting 3312 | 3 |
| Accounting 3321 | 3 |
| Accounting 3330 | 3 |
| Accounting 3341 | 3 |
| Accounting 3361 | 3 |
| Accounting 4314 | 3 |
| Accounting 4351 | 3 |
| Unrestricted electives | 6 |
| Total | 125 |
Federal and Arkansas income tax regulations that apply to individuals. Elements of taxable income, intemized and employee business deductions, personal exemptions, and credits against tax liability. Emphasizes tax return preparation. Not open to accounting majors. On demand
Prerequisites: Management 1310. Introduction to the field of accounting, fundamentals of financial accounting, recording, summarizing, and reporting cycle. Principles of asset valuation and income measurement; accounting systems and internal controls. F,S,Su
Prerequisite: Accounting 2310. Continuation of Accounting 2310. Reporting for external investors. Management accounting and decision making. F,S,Su
Prerequisites: Accounting 2330 with C or higher, Mathematics 1302, Management 1310. Conceptual and historical framework underlying contemporary accounting and financial reporting; form and content of financial statements; revenue recognition; present value mathematics in accounting; measuring and reporting for cash and receivables; inventories; property, plant, and equipment. F, S, Su
Prerequisite: Accounting 3311 with C or higher. Continuation of financial accounting. Measuring and reporting, current liabilities and contingencies, long-term liabilities, stockholders' equity, income taxes, pensions, leases, cash flows, and special revenue recognition situations. F, S, Su
Prerequisite: Accounting 3311 with C or higher. Introduction to federal income taxation, with emphasis on personal business and investment income and deductions, property transactions, and other topics related to taxation of individuals. A grade of C or higher is required in this course in order to progress within the major courses sequence and to graduate. F, S, Su
Prerequisite: Accounting 2330 with C or higher, Mathematics 1302, Management 1310. Conceptual framework for managerial accounting, measurement and reporting of cost information, including historical and standard cost systems, cost behavior analysis, accumulation and distribution of direct and indirect cost, and problems of joint and common costs. F, S, Su
Prerequisite: Accounting 3311 with C or higher. Review of the evolution of accounting systems from manual systems to advanced automated systems, with emphasis on processing requirements and the EDP tools used in the automation of information systems; study of the internal control needs of accounting systems, both manual and EDP; microcomputer-based projects. F, S, Su
Prerequisite: Accounting 3311 with C or higher. Fund accounting for governmental and not-for-profit entities. Financial and budgetary control, the budgetary process in government,special accounting, and reporting problems of the public and not-for-profit sector. A grade of C or higher is required in this course in order to progress within the major course sequence and to graduate. F, S
Prerequisites: Accounting 2310, Economics 2322, Marketing 2380. Designed to cover accounting topics and methods pertinent to the construction industry. The course will review fixed and variable costs, revenue forecasting, and budget development with ramifications on pricing. Depreciation and capital renewal will be covered as well as project cost estimation, allocating overhead, and cost control. Cash flow and debt management will be included as well as the benefits of post evaluation reviews. On demand
Prerequisite: Accounting 3312 with C or higher. Accounting for temporary and long-term investments, business combinations, consolidated financial reporting, and international operations. F, S
Prerequisite: Accounting 3312 with C or higher. Investigation of the development of accounting theory. It focuses on the nature and development of accounting theory and its relation to the standard setting process. In addition, the relationship of accounting theory to the resolution of current issues is examined. On demand
Prerequisite: Accounting 3321 with C or higher. Federal income tax topics related to partnerships and partners, corporations and shareholders, trust and estates, research methods in tax practice, survey of the unified estate and gift tax law. F, S
Prerequisite: Accounting 4322 or consent of instructor. Methods and tools of tax research as applied to both closed fact and controllable fact cases. Methods for locating and assessing relevant authority on specific tax questions is emphasized. On demand
Prerequisite: Accounting 3330 with C or higher. Continuation of managerial accounting. Use of accounting information for planning and control, profit planning and control, cost/ volume/ profit and incremental analysis, capital budgeting, responsibility reporting and performance evaluation, transfer pricing, quantitative models, and decision simulation. F, S
Prerequisite: Accounting 3341 with C or higher. Accounting systems in a database environment; structured systems analysis and other approaches to systems analysis and design; current developments in computerized systems technology; risks and controls in computerized information systems; student project. On demand
Prerequisites: Accounting 3312, 3330, and 3341, each with C or higher. Nature, history, and social role of auditing. Fundamentals of contemporary auditing theory and practice with emphasis on collection and evaluation of audit evidence and the audit report. Introduction to operations auditing, statistical sampling, and auditing EDP systems. F, S, Su
Prerequisites: Accounting 3341, 4351, each with C or higher. The expansion of auditing function, including internal auditing, operational auditing, auditing EDP systems, and statistical sampling. SEC requirements, legal and ethical responsibilities, and comprehensive review of auditing standards. On demand
Prerequisites: at least 90 semester hours earned with a minimum overall grade point average 3.00; B or higher grade in all upper-level accounting courses completed to include a minimum of twelve semester hours; consent of instructor and department chairperson. Practical experience in an organizational setting designed to integrate accounting theory and applications. A written report is required. Course is offered on a credit/no credit basis only, with credit being equivalent to C or higher performance. F, S
Prerequisites: senior standing, consent of instructor. Independent investigation under faculty supervision of topics not offered in regular courses. On demand