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School of Accounting

ACTG 241. Financial Accounting. 3 credits.

The role of financial data in contemporary society; the problems of measuring and reporting income, assets, liabilities and equities; interpretation of financial statements. Prerequisite: Sophomore standing.

ACTG 242. Managerial Accounting. 3 credits.

The attention-directing and problem-solving functions of accounting in relation to current planning and control, evaluation of performance, special decisions and long-range planning. Prerequisite: ACTG 241.

ACTG 343-344. Intermediate Accounting. 6 credits.

Theory and concepts of financial accounting standards: financial statements; the accounting model; cash; receivables; inventories; current liabilities; investment in stocks and bonds; funds and investments in plant, property and equipment; intangibles; and special corporation accounting problems. Prerequisite: ACTG 241-242, 2.5 GPA and declared accounting major (ACTG 343 only).

ACTG 375. Cost Accounting I. 3 credits.

Devoted to concepts of cost and managerial accounting in providing cost data for planning and controlling routine manufacturing, productive and supporting operations, measuring performance in production activities, costing finished product and measuring income. Prerequisite: ACTG 241-242, 2.5 GPA and declared accounting major.

ACTG 376. Cost Accounting II. 3 credits.

Continuation of Cost Accounting I with emphasis on providing cost data for long-range planning, policy making and managerial decisions. Prerequisite: ACTG 375.

ACTG 377. Federal Income Tax Accounting I. 3 credits.

Devoted to a consideration of federal income taxes. These topics, among others, will be studied: income exclusions, gain or loss on sales, exchanges, and involuntary conversions, deductions, exemptions and pay-as-you-go withholdings. An overview is given of social security, estate and the gift taxes levied by the federal government. Prerequisite: ACTG 241-242, 2.5 GPA and declared accounting major.

ACTG 378. Federal Income Tax Accounting II. 3 credits.

Devoted to a consideration of income tax problems relating to partnerships, corporations, specially taxed corporations, estates and trusts. Includes a survey of federal estate and gift taxes and a review of IRS audit procedures. Prerequisite: ACTG 377.

ACTG 410. Auditing. 3 credits.

A study of techniques available for gathering, summarizing, analyzing and interpreting the data presented in financial statements, and procedures used in verifying the fairness of the information. Also emphasizes ethical and legal aspects and consideration. Prerequisite: ACTG 343-344.

ACTG 412. Accounting for Non-Profit Organizations. 3 credits.

A study of the accounting techniques for proper management of governmental and other non-profit entities.

ACTG 413. Accounting Systems. 3 credits.

Covers the use of computers as tools for the collection, organization, analysis and reporting of accounting data. Attention is given to the integration of business functions (sales, purchasing, inventory, production, personnel, financial management) in the accounting process. Also includes advanced spreadsheet techniques for accounting analysis. Prerequisite: ACTG 343, IDS 204.

ACTG 420. Advanced Auditing and Public Practice. 3 credits.

The study of techniques for auditing published financial statements and the practice of public accounting. Course includes modules such as ethics, statistical sampling, accountant's legal liability, managing audit engagements and accounting practices, expert systems in auditing, and computers in auditing. Prerequisite: ACTG 410.

ACTG 440. Systems Technology for Accountants. 3 credits.

Continuation of ACTG 413 for AIS concentration students. Topics include telecommunications, distributed processing, networking, EDP auditing, systems security and system design fundamentals, taught from an accounting perspective. Prerequisite: ACTG 413 with "C" or better.

ACTG 445. Advanced Accounting. 3 credits.

The application of fundamental accounting theory to partnerships, affiliated companies, governmental and not-for-profit organizations, and foreign subsidiaries. Emphasis on recent pronouncements of the FASB, SEC and GASB. Prerequisite: ACTG 343-344.

ACTG 446. Accounting Theory. 3 credits.

A study of contemporary developments in accounting, including the theory underlying APB opinions and FASB standards. Prerequisite: ACTG 445.

ACTG 450. Seminar in Advanced Accounting. 3 credits.

Designed to meet the requirements of, but not limited to, persons majoring in accounting who are interested in being candidates for the CPA examination. The presentation of this course will be on a semester basis covering the following fields: auditing, accounting theory, business law and problems in various areas of interest to the group. Prerequisite: ACTG 445.

ACTG 483. International Accounting and Financial Reporting. 3 credits.

Designed to develop a fundamental knowledge of the assumptions, environmental considerations and techniques underlying the collection and reporting of financial information on an international scale. Prerequisite: FIN 345.

ACTG 490. Special Studies in Accounting. 1-3 credits each semester.

Designed to give capable students in accounting an opportunity to do independent study under faculty supervision. Admission only by recommendation of the instructor and permission of the department head. (Forms obtained in department office before registration.)

ACTG 494. Business Practicum. 3-6 credits.

A course, taken by graduating seniors, to give students an opportunity to work in and with local industry to gain insight into the real side of modern business. (Forms obtained in department office before registration.)

ACTG 499. Honors. 6 credits. Year course.

See catalog description entitled "Graduation with Distinction" and "Graduation with Honors."

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Last reviewed: Sept. 10, 1994
Information Publisher: Academic Services