201 Principles of Accounting I
3 crs (3-0). F, Sp.
Recommended for sophomores, but should be taken by freshmen
accounting majors.
An introduction to the principles and practices of
accountancy applied to business organizations. Emphasis is
on the uses of accounting information in decision-making by
internal and external users.
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202 Principles of Accounting II
3 crs (3-0). F, Sp.
P: ACCT 201
Acct 202 is a continuation of Acct 201. Additional
principles and practices of accountancy are introduced.
Emphasis will continue to be placed on the uses of
accounting information in decision-making by internal and
external users.
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210 Service-Learning in Accounting
1 cr. F, Sp, Su.
SL-Half
S/U only grade basis
Course may be taken 2 time(s)
No credit towards accounting major.
Instructor approval required
Students must complete a minimum of 15 hours of volunteer
service. Service must be approved by faculty supervisor. A
journal must be kept throughout project documenting service-
learning project. The service-learning project must be
completed within one calendar year (preferably one
semester). Assignments outstanding longer than this will be
graded unsatisfactory.
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301 /501 Intermediate Accounting I
3 crs (3-0). F, Sp.
P: ACCT 202
Should be taken in sophomore year by accounting majors.
Development and implementation of the conceptual and
practical aspects of valuation and income determination,
time value of money, accounting changes, inventory
valuation, and current and noncurrent assets. Special
emphasis on GAAP as it relates to topics being covered.
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302 /502 Intermediate Accounting II
3 crs (3-0). F, Sp.
P: ACCT 301/501
Development and implementation of the conceptual and
practical aspects of valuation and income determination,
with emphasis on intangible assets, retained earnings and
contributed capital, earnings per share, pensions, leases,
tax allocation, current and long-term liabilities, statement
of cash flows, statement analysis, interim and segment
reporting. Special emphasis on GAAP as it relates to topics
being covered.
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312 Managerial Accounting
3 crs (3-0). F, Sp.
P: ACCT 202, MIS 240
Admission to College of Business
Minimum junior standing
No credit towards accounting majors.
Analysis and interpretation of accounting data approached
from the managerial viewpoint, with emphasis on planning and
control, and decision-making.
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314 /514 Cost Accounting
3 crs (3-0). F, Sp.
P: ACCT 202, MIS 240
Admission to College of Business
Minimum junior standing
Principles of cost accounting, emphasizing analysis of
materials, labor, and factory overhead; application of
standard costing to job order and process cost systems;
analysis of cost behavior in the manufacturing firm with
exposure to cost-profit-volume relationships, break-even
analysis, and direct costing.
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315 /515 Accounting Systems
3 crs (3-0). F.
P: ACCT 202, MIS 240
Admission to College of Business
Minimum junior standing
Analysis, design, and documentation of accounting systems;
includes transaction processing, internal accounting
controls, data management, flowcharting, financial
reporting, various types of technology, and ethical issues.
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317 /517 Governmental and Nonprofit Organization Accounting
3 crs (3-0). Sp.
P: ACCT 202, MIS 240
Admission to College of Business
An introduction to accounting principles for governmental
units; educational institutions; hospitals; voluntary health
and welfare organizations; and other nonprofit
organizations. Includes budgetary and financial reporting
requirements of these organizations.
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320 Individual Income Tax
3 crs (3-0). On demand.
Should not be taken by those required to complete Acct 321
and 322.
Introduction to the determination of taxable income of
individuals, with emphasis on the reporting of tax data.
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321 /521 Introduction to Income Tax
3 crs (3-0). F, Sp.
P: ACCT 202, recommended to be taken with ACCT 322/522
Minimum junior standing
Introduction and application of accounting and legal
concepts underlying federal and Wisconsin income tax laws
applicable to gross income, exclusions, business and
nonbusiness deductions, gains and losses, credits, and tax
computations.
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322 /522 Tax Research
1 cr (1-0). F, Sp.
P: ACCT 202, should be taken with ACCT 321/521 or in the
following semester
Minimum junior standing
Introduction to tax research methods and materials used to
address tax issues of individuals and business entities.
Federal, state and local, and international tax research
using paper and electronic resources.
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323 /523 Advanced Tax Accounting
3 crs (3-0). F, Sp.
P: ACCT 321/521 & 322/522
Federal income taxation of entities including C
corporations, S corporations, partnerships, trusts, and
estates. Federal, estate and gift taxation. Business and
family tax planning.
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334 /534 Advanced Cost Accounting
3 crs (3-0). On demand.
P: ACCT 314/514
A continuation of Acct 314/514, with special emphasis on
managerial profit analysis, planning, and control; direct
costs, distributed costs by-product and joint product costs;
differential and comparative costs, and variances.
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344 /544 Profit Management and Budgetary Control
3 crs (3-0). On demand.
P: ACCT 312 or ACCT 314/514
Minimum senior standing
Theory and procedures for profit planning; financial and
operating budgets as managerial devices in coordination and
control; program and operational budgeting and cost
analysis.
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401 /601 Advanced Financial Accounting
3 crs (3-0). F, Sp.
P: ACCT 302/502
Admission to College of Business
Minimum senior standing
Accounting for multiunit business enterprises; consolidated
balance sheets, income statements, and statement of cash
flows, Security and Exchange Commission reporting, foreign
currency transactions and translation, international
operations, and liquidation of partnerships.
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402 /602 Contemporary Issues in Accounting
3 crs (3-0). On demand.
P: ACCT 401/601 and ACCT 413/613 or concurrent
enrollment in ACCT 413/613
An analysis of advanced accounting issues designed to
provide a bridge between accounting "theory" and "practice."
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409 /609 Seminar in Accounting
1-3 crs. On demand.
Minimum senior standing
An in-depth analysis of relevant accounting topics adapted
to student and program needs with emphasis on student
interests and faculty expertise.
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413 /613 Auditing
3 crs (3-0). Sp.
P: ACCT 302/502, 315/515
Admission to College of Business
Minimum senior standing
Basic coverage of all steps in creating audit programs
according to the audit risk model, and current issues in
auditing. Specific coverage includes company risk
evaluation, internal control, company analysis and audit
reporting.
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415 /615 Advanced Auditing and Consulting
3 crs (3-0). F.
P: ACCT 413
Minimum senior standing
In-depth analysis of current audit topics and research,
including legal liability, operational audits, audit
effectiveness, environmental costs, and statistical
sampling. Concentration includes EDP auditing.
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419 /619 Financial Accounting Theory
3 crs (3-0). On demand.
P: ACCT 302/502
Admission to College of Business
Minimum senior standing
In-depth analysis of several selected problems of
contemporary interest in the areas of valuation and income
determination as related to the broader topics of concepts
of income and formulation of accounting theory, with
extensive readings of the Financial Accounting Standards and
professional journal articles.
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450 /650 Financial Statement Analysis
2 crs (2-0). F, Sp.
P: FIN 320; ACCT 302 or FIN 327
Admission to College of Business
Minimum junior standing
An in-depth study of the techniques of financial statement
analysis. Topics will include ratio analysis, liquidity
analysis, capital structure analysis, and profitability
analysis. Both oral and written communications will be
stressed. This course contains an integrated communication
component.
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460 /660 Accounting Technology and Applications
2 crs (2-0). F, Sp.
P: ACCT 302, 314, 315, and 321
Admission to College of Business
Limited to accounting majors
Minimum senior standing
An overview of technology as it relates to the practice of
accounting. Possible topics include enterprise accounting
systems, small business accounting packages, tax preparation
packages, cost analysis packages, and spreadsheet and
database applications in accounting.
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490 Accounting Honors Seminar
1 cr (1-0). On demand.
Admission to College of Business
Minimum senior standing
Department permission required
An in-depth analysis of relevant accounting topics adapted
to student needs with emphasis on understanding
relationships between different areas of accounting.
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495 Accounting Internship
1-3 crs. On demand.
Admission to College of Business
Limited to accounting majors
Minimum junior standing
May be repeated - additional restrictions may apply
Special course fee required
Get form from Career Services, Schofield 230
Internship experiences in business situations relevant to
student's major under the supervision of faculty member.
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499 Independent Study
1-3 crs. On demand.
P: ACCT302/502
Admission to College of Business
Minimum senior standing
May be repeated - additional restrictions may apply
Get form from department office
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703 Accounting Foundations for Business Decisions
2 crs (2-0). F, Sp.
Must be taken with ACCT704
No credit if taken after ACCT 201
Special course fee required
Not for MBA degree credit
Examination of basic financial statements and accounting
systems. Emphasis on statement analysis, cash flows,
inventory methods, long-term assets and tax considerations.
Capital markets, financing, and other liabilities will be
covered.
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704 Accounting Foundations for Management Decisions
1 cr (1-0). F, Sp.
P: ACCT 703 or equivalent
Must be taken with ACCT703
No credit if taken after ACCT 202
Special course fee required
Not for MBA degree credit
An overview of accounting information needed for informed
management decisions. Topics include cost concepts and
behavior, product costing, allocation, and budgeting.
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797 Independent Study
1-3 crs. On demand.
May be repeated - additional restrictions may apply
Get form from department office
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