|In the club, students are given the opportunity to meet with
accounting professionals. Additionally, students become exposed
to professional trends, employment opportunities, and
education growth within the accounting discipline.
Introduction to spreadsheets used to accumulate and
analyze financial information. Special attention will be given
to the financial functions used in business.
||Principles of Accounting I
|This course develops an understanding of the basic elements
of financial accounting and the role of accounting in society.
Students are introduced to fundamental accounting concepts,
procedures, and terminology. Emphasis is placed on accrual
accounting, revenue and expense recognition, accounting for
assets, liabilities and equity, the accounting cycle, merchandise
accounting, and internal controls. The course includes transaction
analysis and the preparation and understanding of financial
||Principles of Accounting II
|Prerequisite: ACCT 220.
This course is a continuance of ACCT 220 with emphasis on
developing a basic understanding of financial accounting
pertaining to business organizations by focusing on
debt/equity financing, the statement of cash flows, time
value of money, and financial statement analysis. In addition,
the course introduces students to various managerial accounting
topics including job-order costing, cost-volume-profit analysis,
cost allocation, activity-based costing, internal controls,
performance evaluation, capital budgeting, and master budgets.
||Intermediate Accounting I
|Prerequisite: ACCT 221.
This course is a continuation of accounting principles. It expands
the underlying conceptual framework and concepts of financial
accounting in the context of how accounting meets the information
needs of various users by developing and communicating information that
is useful for external decision-making. The course provides a
comprehensive review of the accounting process, a deeper understanding
of the conceptual theory and practice of financial accounting, and a
review of the preparation and understanding of classified financial
statements in conformity with general accepted accounting principles.
International financial reporting standards are incorporated.
||Intermediate Accounting II
Prerequisite: ACCT 330.
This course is a continuation of ACCT 330. It expands the underlying
framework and concepts of financial accounting in the context of how
accounting fits into the overall business environment of a contemporary
society. The course provides a deeper understanding of the theory and
practice related to financial accounting with an emphasis placed on
special problems, which include leases, bonds, investments,
shareholder's equity, earnings per share, accounting changes and errors,
statement of cash flows, and financial statement analysis. International
financial reporting standards are incorporated.
||Acctg for Not-for-Profit Org
|Prerequisite: ACCT 331.
This course expands student's accounting knowledge by introducing
students to the importance of government and not-for-profit
accounting and the challenges that it presents. The course emphasizes
the reporting requirements of the Governmental Accounting Standards
Board (GASB) for state and local government, the Federal Accounting
Standards Advisory Board (FASAB) for the federal government, and
the Financial Accounting Standards Board (FASB) for the private
sector, including not-for profits. The course develops an awareness
of the issues surrounding government and not-for-profit accounting,
develops an awareness of the issues surrounding government and not-for
the reasons behind them, their strengths and limitations,
and possible alternatives.
||Accounting Information Systems
|Prerequisite: ACCT 331.
This course takes an applied approach to introduce students to
the use of information technology in support of accounting events
resulting from major business processes such as sales, purchasing,
production, and human resources. Students will have hands-on experience
using current computer based accounting applications. Students will
be introduced to information systems concepts including database
design and implementation, information securityk and systems designs.
||Tax Accounting -Personal
|Prerequisite: ACCT 221.
This course provides an introduction to taxation in the United
States. The primary orientation is the taxation of income.
The rules for the taxation of income are found in Title 26 of
the U.S. Code. The course will focus on research cases and
problems oriented to answering questions relative to the
application of the IRS Code. After an introduction to the
basic tax model, the course examines gross income, its concept,
inclusions and exclusions. There follows a detailed examination
of deductions and losses. In particular, self-employed business expenses,
cost recovery, employee expenses, itemized deductions, and
passive activity losses. Part of the assigned work is the
completion of personal tax forms including Form 1040 and related forms.
These forms are available from IRS website, www.irs.gov. The Shafer
Library has access to legal databases, which permit the student to view
code and regulation sections, as well as court cases relative to those
||Tax Accounting - Business
|Prerequisite: ACCT 370.
The study of tax law and regulation relative to the formation
of various business entities including the sole-proprietorship,
C-corporations, partnerships, and S-corporations is
examined in this course. We continue the study of the tax
code, tax regulations, and court cases, in this course related
to the formation of a sole-proprietorship, corporation, or partnerships
and distributions to its owners. Emphasis is placed on calculating
taxable income and the resultant tax liability. Tax problems involve the
completion of Form 1120 for C-corporations, Form 1120S for
S-Corporations, and Form 1065 for partnerships. The nature of distributions
to owners, shareholders or partnerships, is extensively discussed.
Comparing and contrasting various buisness entities regarding formation,
and tax consequences in each case is studied in depth in order to
develop an understanding of what issues (both tax and non-tax) to
consider when forming a business entity.
|Prerequisite: ACCT 221.
This course provides a study of the theories and practices
of cost accounting with emphasis on job order, process, and
|Prerequisite: ACCT 221, ECON 201
This course presents accounting as a management tool in the
decision-making process, and covers budgeting, break-even analysis,
and differential cost analysis.
|Prerequisites: ACCT 331 and 390.
This course is a continued study of financial accounting theory and practice
in selected areas of accounting. It includes an in-depth study of the
accounting and reporting issues related to business combinations,
consolidated financial statements, partnerships, and fiduciary accounting.
||Auditing Theory & Practices
|Prerequisite: ACCT 480.
This course presents an introduction to auditing and other
assurance services for students who have not had significant
experience in providing such services. The primary
emphasis is on the author's decision-making process, determining
the nature and amount of evidence that must be accumulated after
considering the unique circumstances of each engagement.
Topic coverage includes professional ethics, legal liability, the
elements of the audit process, and application of that process
to various accounting cycles.
||Seminar in Managerial Accounting
|Prerequisites: ACCT 331 and 391
This is a capstone course in the managerial accounting
concentration. The class will examine situations where the
accountant, examining the available financial information
must provide management with an approximate analysis and
options for action. Students will have the opportunity to
apply technical knowledge from prior accounting courses.
Additionally, this course builds competency for students
considering part one of the CMA exam.
||Seminar in Financial Accounting
|Prerequisites: ACCT 331 and 390
This is a capstone course for the financial accounting
concentration. It will explore two areas of vital importance
to today's accountant including international accounting and
professional ethics and corporate governance. The framework
focuses on a manager's perspective, as regards the utilization
and understanding of international accounting issues and the
ethical implications of accounting decision-making on various
|Prerequisites: minimum 2.75 GPA and have earned a minimum of 30
semester hours at The University of Findlay.
This course provides qualified students with a one-semester
opportunity to receive academic credit for supervised training and
experience with a cooperating business firm supervised by the
accounting faculty. It encourages students to utilize their acquired
knowledge and skills in an actual work environment. Details are
available from the program director/department chair, the business
intern adviser, or the Office of Internships and Placements. This
course will be graded S/U and may be repeated with a maximum of 12
semester hours applying toward a degree.