Courses in Accounting - University at Albany-SUNY

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# Courses in Accounting

B ACC 211 Financial Accounting (3)
A thorough introduction to the basic financial statements including the balance sheet, income statement, and statement of cash flows, with a focus on accounting information that is available to individuals outside an organization. The course provides an introduction to the concepts, terminology and principles of financial accounting. Students learn about accounting as an information development and communication function that supports economic decision-making. The course enables students to analyze financial statements; derive information for personal and organizational decisions from financial statements; and better understand business entities. Only one version of B ACC 211 may be taken for credit. Not open to freshmen. Intended accounting and business majors should enroll in B ACC 211 in the first semester of their sophomore year.

T ACC 211 Advanced Introduction to Financial Accounting (3)
T ACC 211 is the Honors College version of B ACC 211; only one version may be taken for credit. Prerequisite(s): open to Honors College students only.
B ACC 222 Cost Accounting Systems for Managerial Decisions (3)
This course will provide an introduction to management accounting. Emphasis will be on how managers use externally reported and internal financial information in the decision making process. Topics include product costing, activity based costing, variable costing, job order costing, budgeting, cost-volume-profit relationships, and performance measurements and evaluation. Prerequisite(s): B ACC 211. Offered spring semester only.

T ACC 251 Fraud Examination (3)
This course will cover fraud schemes as well as the principles and methodology of fraud detection and deterrence. This includes such topics as the fraud environment, cash and non-cash asset misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, the anatomy of a fraud investigation, interviewing witnesses, documentation of the fraud examination and global/cultural factors. Emphasis will be placed on the process of conducting a fraud examination in accordance with procedures that ensure proper evidence gathering and preservation and the process of communicating the results of an investigation in appropriate forensic report form. Prerequisite(s): open to Honors College students only.

B ACC 311 Financial Accounting Theory I (3)
The first of a two-course sequence in intermediate-level financial accounting, which provides in-depth understanding of US Generally Accepted Accounting Principles. Topical coverage includes an introduction to basic accounting theory, study of the accounting cycle, conceptual framework of accounting, valuation of balance sheet accounts, recognition of revenue and matching expenses, and the reporting of the financial condition, operating results, and cash flows of an entity. This course builds on the framework provided by introductory courses in financial accounting and enables students to develop the ability to prepare, analyze and interpret corporate financial statements. Prerequisite(s): B ACC 211.
B ACC 312 Financial Accounting Theory II (3)
Continues the in-depth examination (begun in B ACC 311) of the US Generally Accepted Accounting Principles guiding the preparation of corporate financial statements. The topics addressed include special topics in accounting for Stockholder's Equity, the calculation and disclosure of earnings per share, investments, revenue recognition issues, accounting for income taxes, pensions, leases, and the accounting for and disclosure of accounting changes. Prerequisite(s): B ACC 311.
B ACC 313 Financial Statement Analysis (3)
Intensive course in the analysis of financial statements. Topics include, but are not limited to, revenue and expense recognition, the validity of various measures of profit, footnote disclosures, pro forma financial statements, and valuation of balance sheet components. A study of ratio analysis considers the impact of different accounting conventions. Emphasis is on the relevance of financial statements for key stakeholders. Prerequisite(s): B ACC 211 and B ACC 222 and open only to students whose concentration is Financial Analysis. Not open to students with credit in B ACC 311 and/or B ACC 312.

B ACC 381 Accounting Information Systems (3)
Analyzing, designing, utilizing, and evaluating computer-based and non-computer-based financial information systems. Topics include and combine accounting, computers, management and business ethics, internal controls, information technology in accounting developments, and the systems approach to meeting business information needs and requirements. Prerequisite(s): B ACC 222 and B ITM 215, or equivalent. Offered fall semester only.

B ACC 411 Financial Accounting Theory III (3)
Examination of advanced accounting topics including business combinations, consolidations, partnership accounting, foreign currency transaction and translation, segment and interim reporting, and accounting for governmental and nonprofit entities. Emphasizes the official financial accounting pronouncements. Prerequisite(s): B ACC 312.

B ACC 440 Survey of Taxation (3)
This course is a comprehensive introduction to the federal income tax system as it relates to individuals. It provides a conceptual approach to a wide array of tax topics including gross income, deductions and exclusions, gains and losses, depreciation, like-kind exchanges, alternative minimum tax, self-employment tax, and credits. Prerequisite(s): B ACC 211 or 6 credits of principles of accounting.

B ACC 442 Income Tax Accounting II (3)
Theory and practice of taxation as applied to partnership, corporate entities, and fiduciaries. Prerequisite(s): B ACC 440.

B ACC 461 Auditing (3)
Analysis of auditing and its contribution to financial reporting, with primary emphasis on the independent public accounting attest function. Application of audit tools, including flowcharting, statistical sampling, and the audit risk model, integrated with coverage of professional standards, the auditor's legal liability, and the regulatory environment. Prerequisite(s): B ACC 311 or B ACC 313.

B ACC 495 Independent Study in Accounting (3)
Individual study plan in a selected area as approved by the instructor and the department chair in conference with the student. Written and oral progress reports required. May not be repeated for credit. Not useable in the degree program or major. Prerequisite(s): open only to qualified senior accounting students in the School of Business. An application must be filed through the Office of Student Services in BB 201. S/U graded.

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