Accounting (ACCT)

ACCT 2301. Principles of Financial Accounting. 3 Hours. [TCCN: ACCT 2301]

Students examine the fundamental concepts of financial accounting as defined by U.S. Generally Accepted Accounting Principles (GAAP) and learn how these concepts apply to real-world business activities. Students work through the full accounting cycle, learn how financial statements are prepared, and examine how businesses measure income and value key elements such as assets, liabilities, and stockholders’ equity. The course may emphasize the relevance of accounting information, showing how it informs both personal and organizational decision-making and providing insight into the role accounting plays in evaluating business performance. Students who plan to take ACCT 3313 must earn a minimum grade of C in ACCT 2301.
Prerequisite: 18 semester hours of college credit.

ACCT 2302. Principles of Managerial Accounting. 3 Hours. [TCCN: ACCT 2302]

Students explore the fundamental concepts of managerial accounting applicable to all organizations. Students examine information from the entity's accounting system relevant to decisions made by internal managers, as distinguished from information relevant to users who are external to the company. Emphasis is may be placed on the identification and assignment of product costs, operational budgeting and planning, cost control, and managerial decision-making. Topics may include product costing methodologies, cost behavior, operational and capital budgeting, and performance evaluation. Students who plan to take ACCT 3313 must earn a minimum grade of C in ACCT 2302.
Prerequisite: ACCT 2301.

ACCT 3304. Managerial Accounting. 3 Hours.

Students explore how organizations use accounting information to plan operations, control costs, evaluate performance, and make strategic decisions. Students will learn to interpret internal financial data, analyze cost behavior, prepare basic budgets, and understand the financial impact of managerial choices. This course equips students with essential tools to support effective decision-making in any business or organizational setting. For students pursuing fields outside of accounting study managerial accounting with an emphasis on real-world application over technical detail. Not open to accounting majors or minors.
Prerequisite: ACCT 2302.

ACCT 3313. Intermediate Accounting I. 3 Hours.

Students engage in a thorough study of the accounting principles underlying the preparation of financial statements. This course is concerned primarily with the recording process, formats of the financial statements, the measurement and reporting of current assets and related revenues and expenses, and the measurement and reporting for current liabilities. The course may emphasizes the environment of accounting and basic accounting theory.
Prerequisite: ACCT 2301 with a minimum grade of C.

ACCT 3314. Intermediate Accounting II. 3 Hours.

Students extend the study of financial accounting and reporting to include the measurement and reporting of property, plant, and equipment, natural resources, and intangible assets, long-term liabilities, investments, and cash flow statements. A continuation of Intermediate Accounting I. Additional topics may include accounting for leases and income taxes.
Prerequisite: ACCT 3313 with a minimum grade of C.

ACCT 3324. Accounting Information Systems. 3 Hours.

Students study principles of accounting systems design integrated into both manual and computerized systems with an emphasis on the accounting cycle, internal control structures, computerized transaction processing systems, relational databases, and integrated enterprise resource planning systems in accounting.
Prerequisite: ACCT 2301 and ACCT 2302.

ACCT 3347. Cost Accounting. 3 Hours.

Students study real-world tools and techniques that cost accountants use to understand how businesses operate and make decisions. Students learn essential concepts such as cost terminology, cost behavior, job order and process costing, budgeting, cost-volume-profit analysis, standard costing, and activity-based costing. Students will convert cost information into meaningful insights that support planning, control, and competitive decision-making.
Prerequisite: ACCT 2301 and ACCT 2302 with a minimum grade of C in each.

ACCT 3353. Federal Taxation Concepts. 3 Hours.

Students study the basic tax concepts and income taxation of individuals with emphasis placed on the determination of income and statutory deductions to arrive at the net taxable income. Consideration is given to tax planning as well as decision-making and tax return problems.
Prerequisite: ACCT 2301 with a minimum grade of C in each.

ACCT 4080. Independent Study. 1-3 Hours.

Individual study as arranged with members of the faculty. This course may be repeated and may be taken for Academic Distinction Program Credit. Variable Credit (1-3). Course Equivalents: ACCT 4380
Prerequisite: Consent of Department Chair.

ACCT 4085. Special Topic. 1-3 Hours.

This course of faculty-led study is designed to provide undergraduate students exposure to new Accounting topics and concepts in a course setting. Variable credit (1-3). Course Equivalents: ACCT 4385 .

ACCT 4317. Advanced Financial Accounting. 3 Hours.

Students examine financial accounting standards and procedures used in accounting and reporting including revenue recognition, stockholders’ equity, business combinations, inter-corporate investments, and consolidated financial statements.
Prerequisite: ACCT 3314 with a grade of C or better.

ACCT 4325. Emerging Technology in Accounting. 3 Hours.

Students examine emerging and recently developed technologies for the impact on the quantity and quality of accounting data. Emphasis is may be placed on developing a technology-forward mindset to analyze data, automate processes, and enhance decision-making. Tools such as Excel® and Tableau® may be used to facilitate learning and prepare students for the dynamic demands of modern accounting roles.
Prerequisite: ACCT 3313 with a minimum grade of C.

ACCT 4336. Governmental & Nonprofit Accounting. 3 Hours.

Students examine issues related to financial accounting and reporting for governmental and nonprofit entities. Students will develop a conceptual understanding of GAAP and be able to apply their knowledge to various problems in not-for-profit entities and governmental accounting.
Prerequisite: ACCT 3313 with a minimum grade of C.

ACCT 4352. Federal Taxation Concepts II. 3 Hours.

Students study basic concepts and income taxation of business entities and their effects on the owners’ tax liabilities. They also examine the relationship and differences between financial and tax accounting. Consideration is given to tax research and planning as well as decision-making and tax return problems.
Prerequisite: ACCT 3353 with a minimum grade of C in each.

ACCT 4355. Personal Tax Planning. 3 Hours.

Students examine concepts of estate and income tax planning to enable tax minimized transmittals of property and increased after-tax wealth. Potential topics include lifetime gifts, successive life estates, trusts, retirement planning, employee benefits, education financing, insurance, annuities, charitable giving strategies, and tax research.
Prerequisite: ACCT 3353.

ACCT 4360. Oil And Gas Accounting. 3 Hours.

Students learn oil and gas accounting, focusing on accounting for costs incurred in the acquisition, exploration, development, and production of oil and natural gas using successful efforts and full cost. Students also examine joint interest accounting, gas pipeline accounting, the required disclosures for oil and gas activities, and analysis of oil and gas companies' financial statements.
Prerequisite: ACCT 3313 with a grade of C or better.

ACCT 4363. Fraud Examination. 3 Hours.

Students examine fraud within organizations with an emphasis on its detection and prevention. Topics may include the nature and causes of financial and occupational fraud, ways to prevent and deter fraudulent conduct, and procedures for uncovering and investigating fraud.
Prerequisite: ACCT 3313 with a grade of C.

ACCT 4372. Auditing Principles. 3 Hours.

Students are introduced to auditing concepts and procedures with an emphasis on generally accepted auditing standards; professional responsibilities; the nature, acquisition, evaluation, and documentation of audit evidence; internal control; and the auditor's reports.
Prerequisite: ACCT 3324 and ACCT 3314 with a minimum grade of C in each.

ACCT 4379. Professional Accounting Ethics and Responsibilities. 3 Hours.

Students examine a framework of ethical reasoning, professional values and attitudes for exercising professional skepticism, and other behavior that is in the best interest of the public and the accounting profession. The student will develop a foundation for ethical reasoning, including the core values of integrity, objectivity, and independence required of professional accountants. The ethics rules of the AICPA, SEC, and the Texas State Board of Public Accountancy will be emphasized.
Prerequisite: A minimum grade of C in both ACCT 2301 and ACCT 2302.

ACCT 4389. Internship In Accounting. 3 Hours.

Students participate in an internship experience allowing the application of accounting skills in an actual work setting. Students generally will work full-time in public or industry accounting paid positions for a minimum of 150 hours.
Prerequisite: Junior standing, ACCT 3314, ACCT 3324, permission of the Department Chair of Accounting, and selection by an employing firm.