ACC Undergraduate Course Descriptions

ACC 101 INTRO TO ACCOUNTING I
Introduction to Accounting I, provides an introduction to financial accounting as the means of recording, storing and summarizing economic events of the business enterprise to meet external reporting needs. Emphasis is placed on the preparation and analysis of financial statements and other financial reports to the public based on the accounting equation, accrual accounting concepts, and data gathering techniques. Topics include corporate accounting for current and longterm assets and current liabilities, and the corporate income statement. PREREQUISITE(S): MAT 130 or equivalent and adequate performance on the University Assessment tests in reading, writing, and mathematics.

ACC 102 INTRO TO ACCOUNTING II
Introduction to Accounting II, a companion and sequel course to Accounting 101, continues to explore basic accounting fundamentals and concepts. The course provides an introduction to managerial accounting and internal reporting. Topics include financial accounting for long-term liabilities, the components of stockholders equity, the statement of cash flows, financial statement analysis, budgeting and variance analysis, job costing for the service sector and cost analysis for decision-making. PREREQUISTE(S): ACC 101 Introduction to Accounting I.

ACC 303 MANAGERIAL ACCOUNTING
Managerial Accounting provides a thorough grounding in manufacturing accounting, cost allocation techniques, and the evaluation of management control systems. Students will examine manufacturing cost systems including job order costing, process costing, and activity-based costing. Tools for management control systems will be covered to enable the student to evaluate and compare various systems. PREREQUISITE(S):ACC 102 Introduction to Accounting II.

ACC 304 FINANCIAL REPORTING I
Financial Reporting I includes a study of U.S. and international accounting standards, the concepts of accounting and basic financial statements. Accounting for cash, receivables, inventories, depreciable assets and current liabilities will also be examined. PREREQUISITE(S): ACC 102

ACC 305 FINANCIAL REPORTING II
Financial Reporting II focuses on researching accounting issues, revenue recognition and financial statement analysis. The course also provides an understanding of complex issues such as accounting for investments, long term liabilities, derivatives, contributed capital, retained earnings and earnings per share. PREREQUISITE(S): ACC 304.

ACC 306 FINANCIAL REPORTING III
The third course in the financial accounting sequence, this course studies deferred taxes, pensions and other post-retirement benefits, leases, accounting changes and error analysis, statement of cashflows (advanced), and full disclosure, if time permits. Selected spreadsheet applications will be introduced through homework assignments. PREREQUISITE(S):ACC 305

ACC 307 FINANCIAL REPORTNG I/FIN HONRS
Financial Reporting I includes a study of U.S. and international accounting standards, the concepts of accounting and basic financial statements. Accounting for cash, receivables, inventories, depreciable assets and investments will also be examined. This course takes a user of financial statements, rather than a preparer of financial statements, point of view. PREREQUISITE(S): ACC 101, ACC 102 & ACCEPTANCE INTO FINANCE HONORS PROGRAM

ACC 308 ADV FINANCIAL ACCOUNTING
Advanced Financial Accounting focuses on accounting for multi-corporate entities and acquisitions, accounting for state and local governments, accounting for non-profit organizations, foreign operations, partnership accounting, and segment reporting. Selected spreadsheet applications will be introduced through homework assignments. PREREQUISITE(S):ACC 305

ACC 309 FINANCIAL REPORTNG II/FIN HNRS
Financial Reporting II focuses on researching accounting issues, revenue recognition and financial statement analysis. The course also provides an understanding of complex issues such as accounting for investments, long term liabilities, derivatives, contributed capital, retained earnings and earnings per share. PREREQUISITE(S): ACC 307 OR EQUIVALENT, ACCEPTANCE INTO FINANCE HONORS PROGRAM

ACC 350 INFO FOR DECISION MAKING
Information for Decision-Making emphasizes the linkage between the value chain, business processes, and activities with an overall theme of business process management. As an information professional, the accountant needs to be well-versed in decision-making tools and interfacing with the information system. Students should leave this course with an understanding of database structure and the skills to correctly design and query such systems to obtain relevant information. This course should provide an integration of issues across financial accounting, management accounting, taxation, audit and information systems. PREREQUISITE(S): ACC 303, ACC 305/309 and either ACC 360 or ACC 380.

ACC 364 CPA REVIEW: REGULATION
This section reviews knowledge of federal taxation, ethics, professional and legal responsibilities, and business law, and the skills needed to apply that knowledge in preparation for the Illinois CPA Examination. This course will also incorporate one class session of a database simulation.

ACC 365 CPA REVIEW: AUDIT/ATTESTATION
This section reviews knowledge of auditing procedures, generally accepted auditing procedures, generally accepted auditing standards and other standards related to attest engagements, and the skills needed to apply that knowledge in those engagements in preparation for the Illinois CPA Examination. This course will also incorporate one class session of a database simulation.

ACC 366 CPA REVIEW:FINCL ACCT/REPORTNG
This section reviews knowledge of generally accepted accounting principles for business enterprises, not-for-profit organizations, and governmental entities, and the skills needed to apply that knowledge in preparation for the Illinois CPA Examination. This course will also incorporate one class session of a database simulation.

ACC 367 CPA REVIEW:BUSN ENVIRMNT/CNCPT
This section reviews knowledge of the general business environment and business concepts that candidates need to know in order to understand the underlying business reasons for and accounting implications of business transactions, and the skills needed to apply that knowledge in preparation for the Illinois CPA Examination. This course will also incorporate one class session of a database simulation.

ACC 372 AUDIT/ASSURANC SERVICES I
Audit and Other Assurance Services I provides a conceptual introduction to the nature and value of assurance services. The course examines the organization of the accounting profession, Generally Accepted Auditing Standards (GAAS), professional ethics, and legal responsibilities including U.S. Securities laws. It focuses on financial audits by external auditors, including planning and acceptance, internal control, evidence, and reporting. PREREQ: ACC 305.

ACC 374 AUDIT/ASSURNC SERVICES II
Audit and Other Assurance Services II, a companion and sequel to Accounting 372, emphasizes the implementation and application of generally accepted auditing standards to transaction cycles and classes of transactions. It includes the study of sampling techniques used in tests of controls and tests of details, internal control in computer-based systems, and introduces the use of Computer Assisted Audit Tools and Techniques. The role of internal auditors is also covered.. PREREQUISITE(S): ACC 372.

ACC 380 TAX TREATMENT OF INDV & PROPTY
Tax Treatment of Individuals and Property covers the basic provisions of the Internal Revenue Code as they relate to the taxation of individuals. It focuses on concepts of gross income, exclusions, deductions, exemptions, and credits, as well as property transactions. PREREQUISITE(S): ACC 304/307

ACC 383 TAX TREAMENT OF CORP & PARTNER
Tax Treatment of Corporations and Partnerships is a continuation of Accounting 380. The course covers the tax aspects of corporations and partnerships, including formation, operations, and distributions, as well as specially taxed corporations and an introduction to estate and gift taxation. PREREQUISITE(S): ACC 360 OR ACC 380

ACC 393 INTERNSHIP IN ACCOUNTANCY
ACC 393 is designed for students who already have or will soon have a position in an accounting or accounting-related field. Visit the Career Center for eRecruiting, internship opportunities, and job fairs, or visit http://careercenter.depaul.edu. Internship in Accountancy provides students with academically supervised work experiences, improving linkages between classroom efforts and the business world. Students obtain valuable professional experience and begin the process of networking with area businesses and professionals.

ACC 398 SPECIAL TOPICS
Special Topics courses provide in-depth study of current issues in accountancy. Content and format of this course are variable. Subject matter will be indicated in class schedule. PREREQUISITE(S): VARY BY TOPIC, CONSULT CLASS NOTES

ACC 399 INDEPENDENT STUDY
Independent Study is available to students of demonstrated capability for intensive independent work in accountancy. PREREQUISITE(S):Written permission of supervising faculty member, chair and director of undergraduate programs is required prior to registration.