Accounting (ACCT)

Financial accounting concepts and their application in the accounting process for business organizations including financial statement preparation, analysis and communication of financial information.

The use of accounting information as an aid to management decision making, including performance measurement and budgets. 

Prerequisite: ACCT 2301.

An intensive study of the balance sheet accounts and the related income statement accounts. It exposes the student to the various Accounting Principles Board opinions and Financial Accounting Standards Board statements, and International Financial Reporting standards, as these publications affect the various accounts and transactions. It covers the various working capital accounts and operational assets.

Prerequisite: (ACCT 2301 and 2302).

A continuation of Intermediate Accounting I involving current and non-current liabilities and owner equity accounts, the Statement of Cash Flows, deferred income tax, financial statement analysis and several special problem areas. The course culminates with a comprehensive cash flow project. ACCT 3311 and Junior standing or above.

Prerequisite: (ACCT 3311).

A study of procedures and concepts in allocating the costs of firm inputs to outputs, determination and use of standard costs in the control function, profit planning and control techniques used in management decision-making.

Prerequisite: (ACCT 2301 and 2302).

A study of fund accounting used in governmental entities and non-profit organizations. Emphasis on budgetary and fund accounts.

Prerequisite: (ACCT 2301 and 2302).

This course covers the basic principles of oil and gas accounting. Course topics include upstream oil and gas operations, successful efforts accounting, full cost pool accounting, accounting for production, exploration and construction, joint interest accounting, international operations, oil and taxation and analysis of oil and gas financial statements.

Prerequisite: (ACCT 3311).

A study of the similarities and differences between U.S. and other countries' accounting and reporting procedures. Basic consolidation of international segments will be covered. Use of spreadsheets and web technology required. ACCT 2302 and Junior standing or above.

Prerequisite: (ACCT 2302).

An introduction to the U.S. federal income tax system including the legislative and judicial process resulting in the dynamic evolution of the U.S. tax system. Focus is mainly on individual taxation. Includes coverage of gross income, deductions, property transactions, and computation of tax liabilities. Other relevant tax topics are explored.

Prerequisite: (ACCT 2301 and 2302).

Examines additional topics from the U.S. federal income tax system and how it applies to decision-making, tax research, and tax planning. Focus is mainly on the study of the taxation of various business entities. In addition, the course expands knowledge into the common tax issues and laws relating to the life cycles of businesses: formation, operation, and termination or dissolution.

Prerequisite: (ACCT 3321).

This course covers the basic principles of fraud examination. Course topics include the behavioral aspects of fraud and common fraud schemes including skimming, larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement, non-cash misappropriations, corruption and bribery, and fraudulent financial statements.

Prerequisite: (ACCT 2301 and 2302).

This course presents a study of the accountant's role as an information provider in the era of information technology and big data. The completion of computer-based projects reinforces concepts. The AMPS model is used to understand the data analytics process and analyze all the available information. Four types of analytics (descriptive, diagnostic, predictive, and prescriptive) address accounting questions.

Prerequisite: ACCT 2301, 2302 and BAIS 2301.

Auditing principles and techniques underlying the audit process; procedures used in conducting external audits, reviews and compilations.

Prerequisite: (ACCT 3312).

A study of the role of accounting information systems and related subsystems in both for profit and not-for-profit entities. The relationship of accounting information systems to other systems, including management information systems, is addressed. Concepts are reinforced by the completion of computer-based projects. ACCT 2301, ACCT 2302, BAIS 2301, and Senior standing (no Juniors).

Prerequisite: (ACCT 2301, 2302 and BAIS 2301).

Selected topics for special study related to accounting functions, processes or issues. May be repeated for credit when topics vary.

Individual supervised study and completion of a final report.

Supervised full-time or part-time, off-campus training in public accounting, industry, or government. Oral and written reports required. Accounting major, and Junior standing or above with a minimum 3.00 accumulated GPA in upper division accounting courses. Student must apply to program and be accepted prior to registration. May not be repeated for credit. This course does not meet the TXCPA upper-level accounting or business course requirements for students who plan to take the CPA Exam.