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Accounting
ACCOUNTING ACCT1201 Financial Accounting Quantitative Analysis (QA) Quantitative Reasoning (QR)
At its core, financial accounting converts data into financial information for decision making. The course introduces students to the methods and procedures accountants use to gather data, record their financial effects, summarize them into financial statements, analyze and interpret the economic impact, and report them to stakeholders. Students utilize Excel for financial reporting and analysis. Professional values and ethical behavior essential to financial accounting and reporting standards are discussed.
reporting and analysis. Fall semester. 4 credits Prerequisites: ACCT1201 and ACCT2201 or concurrently with ACCT2201
ACCT2204 Intermediate Accounting II Accounting theory is applied to study financial reporting in proper form and content. In-depth coverage of the balance sheet, statement of equity and the statement of cash flows, with a focus on investments, contingent liabilities, bonds, leasing, equity, and cash flow. Utilization of data analysis, data visualization software, the Codification Research System, and Excel for financial reporting and analysis. Spring semester. 4 credits Prerequisite: ACCT2203
Fall and spring semesters. 4 credits
ACCT2201 Managerial Accounting The use of accounting in planning, controlling, and decision making is examined and applied in this project-based course. Excel is used throughout to complete breakeven and various cost analyses as well as budgeting and other decision-making concepts. An emphasis is placed on the role of corporate social responsibility, the impact on stakeholders and maintaining the balanced scorecard. Excel data analysis exercises are also used throughout.
Course Descriptions for Arts and Sciences
Fall and spring semesters. 4 credits Prerequisites: MGMT1101 and ACCT1201
ACCT2203 Intermediate Accounting I Accounting theory is applied to prepare financial statements in proper form and content. In-depth coverage of the conceptual framework, income statement and balance sheet, with a focus on the time value of money, revenue recognition, cash and receivables, inventory, and property, plant, and equipment. Utilization of data analysis, data visualization software, the Codification Research System, and Excel for financial Emmanuel College
ACCT2206 Cost Accounting In this class Managerial Accounting concepts are reinforced and expanded upon, and new concepts, such as process costing and capital budgeting, are introduced. Excel and data analysis software are used extensively to analyze and express information and to aid in decision making. Spring semester, odd years. 4 credits Prerequisites: ACCT1201 and ACCT2201
ACCT3203 Auditing and Assurance Services This course focuses on the theory and practice of auditing and assurance services. This includes professional skepticism and ethics, appropriate and effective client relationships, and the application of auditing theory and practice to a simulated audit. Fall semester. 4 credits Prerequisites: ACCT2203 and ACCT2204
ACCT3296 Accounting Internship (cross listed with ECON3496/MGMT3496) The accounting internship course involves experiential learning in accountingrelated positions with a corporation, public accounting firm and/or a government
