Texas A&M University Undergraduate Catalog

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Course Descriptions

Department of Accounting

Professors J. J. Benjamin (Head), L. L. Bravenec, G. A. Giroux, S. A. Holmes, S. H. Kratchman, D. R. Lassila, M. L. Loudder, C. J. Nixon, W. T. Shearon, Jr., L. M. Smith, C. D. Stolle, J. R. Strawser, R. H. Strawser, E. P. Swanson, S. Tse, C. J. Wolfe; Associate Professors J. C. Flagg, S. D. Grossman, D. S. Kerr, M. R. Kinney, M. L. McAnally, A. S. McGowan, L. L. Rees, M. S. Wilkins; Clinical Professor R. A. Daily; Clinical Associate Professor S. B. Fiechtner; Senior Lecturers N. L. Allen, C. B. Clark, L. S. Perry, L. Thornton; Lecturers K. Barbee, J. A. Barrett, T. M. Phinney, J. E. Sanders, M. Stasny

Accounting
(ACCT)

209. Survey of Accounting Principles. (3-0). Credit 3. I, II, S

Accounting survey for non-business majors; non-technical accounting procedures, preparation and interpretation of financial statements and internal control. May not be used to satisfy degree requirements for majors in business. Business majors who choose to take this course must do so on a satisfactory/unsatisfactory basis.

210. Survey of Managerial and Cost Accounting Principles. (3-0). Credit 3. II

A survey of managerial and cost accounting for non-business majors; accounting responsibility of the manager, job and process cost systems, budgeting, cost-volume-profit analysis for decision-making. May not be used to satisfy degree requirements for majors in business. Business majors who choose to take this course must do so on a satisfactory/unsatisfactory basis. Prerequisite: ACCT 209.

229. (ACCT 2301, 2401) Introductory Accounting. (3-0). Credit 3. I, II, S

Analysis, recording and reporting of business transactions; partnership and corporation accounting; analysis and use of financial statements. Prerequisite: Sophomore classification.

230. (ACCT 2302, 2402) Introductory Accounting. (3-0). Credit 3. I, II, S

Continuation of ACCT 229. Use of budgets; introduction to cost accounting; cost control techniques and methods of measuring performance. Prerequisites: ACCT 229 and sophomore classification.

314. Programming of Business Systems. (3-0). Credit 3.

Introduction to the programming of computerized business systems using contemporary software and practices; focus on development of computer-based solutions to common business problems. Prerequisites: Admission to Professional Program or approval of instructor.

315. Intermediate Accounting for Non-Accounting Majors I. (3-0). Credit 3. I, II, S

Revenue recognition, principles of asset valuation, and disclosure requirements for corporations; interpretation of financial statements, rather than their preparation. May not be used as a directed or free elective for accounting majors and does not count towards the accounting requirement for the CPA exam. Prerequisites: Admission to upper division in Mays Business School.

316. Intermediate Accounting for Non-Accounting Majors II. (3-0). Credit 3. I, II, S

Includes the measurement and disclosure requirements for liabilities and stockholders’ equity, SEC registration statements, and cash flow reporting; focus on the analysis and interpretation of financial statements rather than their preparation. Does not qualify as a directed or free elective for accounting majors and does not count towards the accounting requirement for the CPA exam. Prerequisite: ACCT 315 or 327.

320. Accounting Communications. (3-0). Credit 3.

Development of oral and written communication skills prerequisite to successful careers in public and corporate accounting. Prerequisite: Admission to Professional Program.

321. Professional Development Seminar. (2-0). Credit 2.

Exposure to professional issues of professional accounting practice using a workshop format. Prerequisite: Admission to Professional Program.

327. Financial Reporting I. (3-0). Credit 3. I, II, S

Study of theoretical basis for financial accounting concepts and principles related to financial reporting; emphasizing income measurement and accounting for assets. BBA accounting majors must earn a minimum grade of C for graduation. Prerequisites: Admission to upper division in Mays Business School.

328. Financial Reporting II. (3-0). Credit 3. I, II, S

Continued study of accounting concepts and principles related to reporting long-debt and owners’ equity; including reporting issues of leases, retirement benefits, income taxes and international accounting standards. Prerequisite: ACCT 327 with grade of C or better.

329. Cost Management and Analysis. (3-0). Credit 3. I, II, S

Theory, concepts and methods relating to use of information and design of systems to aid managers in planning, controlling, decision making, evaluating performance and reporting financial results. Prerequisite: ACCT 315 or ACCT 327 with a grade of C or better.

345. Accounting for Not-for-Profit Organizations. (3-0). Credit 3. II

Basic concepts and techniques of fund accounting; reporting and management problems of not-for-profit organizations. Prerequisite: ACCT 316 or 328.

401. Advanced Accounting. (3-0). Credit 3. I, II

Methods of measuring and communicating economic information including consolidated statements, partnerships and fund units. Prerequisite: ACCT 328.

405. Income Tax. (3-0). Credit 3. I, II, S

Introduction to federal income tax legislation pertaining primarily to corporations and individuals. Prerequisite: ACCT 327 with grade of C or better.

407. Auditing. (3-0). Credit 3. I, II, S

Introduction to auditing theory and procedures pertaining to financial statements, in the context of both external auditing, by certified public accountants, and internal auditing; preparation of working papers. Prerequisite: ACCT 427.

408. Internal Auditing. (3-0). Credit 3. II

Reading and evaluation of current theory and procedures used by internal auditors; selected case studies; statistical methods of forming auditing judgment. Prerequisite: ACCT 327 with a grade of C or better.

425. Corporate Tax Planning. (3-0). Credit 3. I, II

Integration of tax regulations into overall corporate finance planning and decision making cycle. Prerequisite: ACCT 405.

427. Accounting and Financial Information Systems. (3-0). Credit 3. I, II, S

Overall data flow systems emphasizing financial data and computerized systems, for accounting majors; flow and logic concepts, developing meaningful control concepts and data reporting techniques. Prerequisite: ACCT 327 with a grade of C or better.

445. International Accounting. (3-0). Credit 3.

Introduction and examination of accounting issues unique to multinational enterprises and international business activity. Does not count towards the accounting requirement for the CPA exam. Prerequisites: ACCT 327; FINC 341. Cross-listed with IBUS 445.

447. Financial Statement Analysis. (3-0). Credit 3.

Development of an analytical approach to financial statements, integrating relevant finance and accounting concepts and principles; current topics in financial analysis. Prerequisites: ACCT 315 or 327; FINC 341 with a grade of C or better. Cross-listed with FINC 447.

450. Accounting Ethics. (3-0). Credit 3.

Integration of ethical reasoning, objectivity, independence and other core values into the development of a professional accountant; critical analysis of the ethical lapses which have occurred in business and the accounting profession; exploring ways to integrate ethical behavior into professional life. Prerequisites: ACCT 328; junior or senior classification.

467. Ethics in Business. (1-0). Credit 1.

Integration of ethical reasoning integrity, objectivity and other core values in the development of professionals engaged in business; analyze ethical lapses that have occurred in multiple business disciplines. Prerequisites: Admission to upper division in Mays Business School.

484. Accounting Internship. (0-6). Credit 3. II, S

A practicum in accounting under the supervision of accounting practitioners; one semester program for each student participant. Free elective only and must be taken on a satisfactory/unsatisfactory basis. Prerequisites: Accounting major and approval of department head.

485. Directed Studies. Credit 1 to 3 each semester. I, II, S

Directed study of selected problems in the area of accounting not covered in other courses. Prerequisite: Accounting major and approval of department head.

489. Special Topics in… Credit 1 to 4. I, II, S

Selected topics in an identified area of accounting. May be repeated for credit. Prerequisite: Admission to upper division in Mays Business School and approval of instructor.