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. 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. 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 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

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

agency. The course also requires attendance to a seminar where students apply theoretical knowledge to the practical setting where they have chosen to complete their internship work. Together with the Internship supervisor, a project is defined for the student that will add value to the organization and that will help the student build expertise and confidence in an area of mutual interest. The student completes the project as part of the internship. Fall, spring and summer semesters. 4 credits Prerequisites: INT1001, ACCT2203, ACCT2204 or concurrently with ACCT2204 and permission of instructor. This course is limited to Accounting Majors.

ACCT3411 Federal Income Taxes Students study tax theory, planning, and law as they apply to individual federal income taxes. Circular 230, the Internal Revenue Service’s code of professional conduct, is also studied. Partnership and corporate taxation are introduced, and various business forms are compared. Spring semester, even years. 4 credits Prerequisite: ACCT1201

ACCT3413 Accounting Information Systems This course focuses on the design, use, evaluation, and control of accounting information systems. Business transactions will include order entry, sales, purchasing, accounts receivable, and accounts payable, among others. Real-world accounting applications will be used. The course highlights emerging trends in data analytics and its growing impact in accounting. Students work directly with various software tools to learn relational database design, data retrieval, and analysis. In addition, the course introduces principles of Big Data, data visualization and software for fraud detection and internal controls. Fall semester, even years. 4 credits Prerequisite: ACCT1201 ACCT4178 Directed Study This course is limited to seniors. Fall and Spring Semesters. 4 credits Prerequisite: Permission from the instructor.

ACCT4201 Advanced Accounting This course is the capstone experience in the accounting major. Ideally, this course should be taken in a student’s senior year after completion of the following prerequisites: ACCT2204, ACCT3203, ACCT3411 and ACCT3413. This course is project based, and it emphasizes both the practical and ethical issues of the practice of accounting. The course has two major parts that represent a blend of theory, practice, and research. In part one, topics covered include: consolidated financial statements, partnerships, non-profit and government accounting. Students complete weekly projects in Excel and data visualization software that require them to apply a high level of analysis. Part two integrates knowledge gained in previous accounting coursework. Students apply and integrate a variety of skills, tools and knowledge, including data analysis, to address contemporary issues and problems facing the accounting profession. This course is a culminating experience that draws from the breadth of a student’s work at Emmanuel College. Spring semester. 4 credits Prerequisites: ACCT2204, ACCT3203, or concurrently with ACCT3411 and ACCT3413