Accounting Concentration Courses (15 credits)

BACC 7100 Financial Reporting (6)

This course provides a comprehensive overview of generally accepted accounting principles. Financial statements for going concerns will be covered, including measurement, recognition and disclosure requirements of financial reporting. Prerequisite: BACC 6101, BMBA 9453 or the equivalent.

BACC 7123 Auditing Standards and Problems (3)

This course provides a case study of effective auditing procedures. It covers topics that include Detection of fraud by analysis of accounts, and current findings of the American Institute of Certified Public Accountants and the Securities and Exchange Commission. Prerequisite: BACC 7100 or equivalent with a grade of C- or better.

BACC 7114 Cost Accounting (3)

This course explores cost systems used in business organizations, including topics such as valuation of assets and distribution costs, effective methods of cost analysis and control. Standard costs. Prerequisite: BACC 6101, BMBA 9453 or the equivalent.

BACC 7135 Essentials of Federal Taxation (3)

This course provides students with an overview and basic understanding of the federal income tax structure with respect to individuals, as well as corporations, partnerships, estates, and trusts domiciled or engaging in business in the United States. The course is an introduction to the basic concepts of federal income taxation with particular emphasis on the concepts of gross income, deductions, exemptions, basis, recognition of gains and losses, and accounting methods and periods. Additional topics addressed include the formation, operation, and liquidation of business enterprises. Federal transfer taxes will also be explored.