Accounting (ACC)

ACC-1001  Introduction to Accounting  (3 Credits)  
Requisite(s): MAT-1101 or higher  

Intended for non-business majors. An introduction to accounting as the universal language of business. A study of the postulates and concepts underlying the preparation of basic corporate financial statements. The preparation of such statements is considered; analysis and interpretation of the statements are strongly emphasized.

Typically offered: As Needed  
ACC-1101  Elementary Accounting I  (4 Credits)  
Requisite(s): MAT-1101 or higher,BUS-1001  

An introduction to the basic principles of accounting including the accounting cycle, classified financial statements and the measurement and valuation of current assets, current liabilities and non-current assets. Inclusive textbook fee added for Spring 2021.

Typically offered: All Sessions  
ACC-1102  Elementary Accounting II  (4 Credits)  
Requisite(s): ACC-1101  

A continuation of the basic accounting principles learned in ACC 1101. Specific topics include accounting for partnerships, corporate owners' equity, long-term liabilities, statement of cash flows, financial statement analysis, and aspects of managerial accounting.

Typically offered: All Sessions  
ACC-1700  Accounting for Healthcare Organizations  (3 Credits)  
Requisite(s): MAT-1101 or higher  

This course introduces students to the fundamental accounting conceptual framework and generally accepted accounting principles. That platform of knowledge is used to explore the specific issues relating to financial management in the healthcare sector. This course is not for Accounting or Business Management majors.

Typically offered: Fall Only  
ACC-2101  Intermediate Accounting I  (4 Credits)  
Requisite(s): ACC-1102,Take IT-1001  

An in-depth analysis of accounting theory and financial reporting, combining theory and problems. Emphasizes asset and liability valuation and the corresponding measurement of revenues and expenses. Specific topics include the accounting process and adjustments, classified financial statements, conceptual framework underlying financial accounting, and recognition and measurement of current and non-current assets. Several assignments using EXCEL are required during the semester.

Typically offered: Fall Only  
ACC-2102  Intermediate Accounting II  (4 Credits)  
Requisite(s): ACC-2101  

A continuation of ACC 2101. Specific topics include recognition and measurement of intangible assets, current and non-current liabilities, stockholders' equity, dilutive securities, investments, revenue recognition problems, accounting for income taxes, accounting changes and errors, and statement of cash flow. Several assignments using EXCEL are required during the semester.

Typically offered: Spring Only  
ACC-2201  Accounting Information Systems  (3 Credits)  
Requisite(s): ACC-1101,IT-1001  

This course is designed to introduce the student to computer applications in accounting. Students learn about the design and development of accounting systems. In addition, students learn how to computerize a manual system of accounting using a general ledger package. A variety of accounting problems are demonstrated. Students have hands-on experience completing various computer projects.

Typically offered: Fall and Spring  
ACC-3301  Cost Accounting  (3 Credits)  
Requisite(s): ACC-1001 or ACC-1102,IT-1001  

The managerial use of cost data for routine planning, budgeting and control, and for long-range planning; product costing using job order, process, and standard costs.

Typically offered: Fall Only  
ACC-4101  Advanced Accounting Problems  (3 Credits)  
Requisite(s): ACC-2102  

The course provides a comprehensive study in the areas of business combinations, consolidated financial statements, foreign currency transactions, segment reporting, fund accounting, and governmental accounting. A detailed analysis is conducted on the use of the purchase method of accounting for investments in subsidiaries. The underlying concepts behind accounting for nonprofit and governmental entities are also examined.

Typically offered: Fall Only  
ACC-4112  Current Issues in Accounting  (3 Credits)  
Requisite(s): ACC-4101  

This course is required for all graduating seniors not pursuing C.P.A. certification. The course provides a comprehensive study in the areas of pensions, leases, accounting changes, revenue recognition, and income tax allocation. Relevant recent pronouncements of the Financial Accounting Standards Board (FASB), Securities Exchange Commission (SEC), Auditing Standards Board (ASB), are also discussed. A term paper is required.

Typically offered: As Needed  
ACC-4202  Advanced Accounting Information Systems  (3 Credits)  
Requisite(s): ACC-2201  

This course is designed to provide a detailed study of integrated components within an accounting information system. A thorough investigation of current issues that pertain to information technology is conducted. Students utilize the database approach to design and develop a complex system of storing and retrieving data. The REA model is used to analyze the relationship between an organization's essential resources, events and agents. Lab Fee.

Typically offered: Fall Only  
ACC-4401  Auditing Principles  (3 Credits)  
Requisite(s): ACC-2101  

Principles, standards, procedures, and techniques of auditing. Emphasis on the analytical approach, including electronic data processing, statistical sampling, and risk assessment; types of audit examinations with appropriate reports; and evaluation of assets and substantiation of liability and equity accounts.

Typically offered: Spring Only  
ACC-4402  Advanced Auditing  (3 Credits)  

This course is a continuation and expansion of ACC-4401. The auditor's use of programs to audit information systems through computer applications, including evaluation and testing of internal control while being cognizant of fraud, will be a major focus. The integration of integrity and ethics to both financial and internal audits through professional and legislative rules will be stressed throughout the course.

Typically offered: Fall Only  
ACC-4411  Management Auditing  (3 Credits)  
Requisite(s): ACC-2101  

This course is directed to students who will pursue careers outside of public accounting, namely private industry and not-for-profit organizations. The course purpose is to introduce the student to internal auditing of accounting records and to focus on reporting to corporate and governing boards of organizations in accordance with ethical standards. Course objectives include understanding of internal auditing principles with emphasis on electronic data processing, statistical sampling and risk assessment; collection of evidence relating to internal control, and the flow of accounting information through an organization including ethical financial standards and compliance. The ability to write operational audit reports will be emphasized. All the tools for accumulating evidential documentation regarding management evaluation will be included. Topics will be covered through lectures, case studies, class interaction, and report writing.

Typically offered: As Needed  
ACC-4421  Internal Auditing  (3 Credits)  
Requisite(s): ACC-1001 or ACC-1102,BUS-1001  

This course provides the tools and techniques needed to enter the corporate internal audit department. Included are the standards and components of internal auditing, report writing, computer control and audit, operational auditing, and the major differences between external and internal auditing.

Typically offered: As Needed  
ACC-4501  Taxation for Individuals  (3 Credits)  
Requisite(s): ACC-1001 or ACC-1102  

A study of the basic principles of federal income taxation as applied to individuals.

Typically offered: Fall Only  
ACC-4502  Taxation for Business Organizations  (3 Credits)  
Requisite(s): ACC-4501  

A study of the basic principles of federal taxation emphasizing corporations, individuals, partnerships, estates, trusts, and gift taxes. Special emphasis is given to the differences between federal income tax principles and financial reporting according to GAAP. Review and application of individual tax returns using computer software packages.

Typically offered: Spring Only  
ACC-4512  New York State and City Taxation  (2 Credits)  
Requisite(s): ACC-4501  

A study of the basic principles of New York State and City taxation emphasizing corporations, individuals, partnerships, estate trusts, and sales taxes. Special emphasis is given to the difference between federal and state taxes.

Typically offered: As Needed  
ACC-4611  Accounting for Not-For-Profit Organizations  (3 Credits)  
Requisite(s): ACC-1102  

To develop an understanding of not-for-profit accounting principles, auditing issues, and tax-filing requirements. The integration of integrity and ethics to financial statement presentation and tax return preparation will be emphasized.

Typically offered: As Needed  
ACC-4990  Accounting Internship  (1-3 Credits)  

Supervised work experience in various fields of accounting--including submission of a written report. This course may be taken for a maximum of two semesters. Requires approval of the departmental chairperson.

Typically offered: Fall and Spring  
ACC-4995  Independent Study in Accounting  (1-3 Credits)  

Individual research and study--including submission of a written report. Maximum two semesters. Requires chairperson approval.

Typically offered: As Needed  
ACC-4998  Senior Seminar in Accounting  (3 Credits)  
Requisite(s): ACC-4101  

A study of current literature, current accounting topics, and recent professional pronouncements through active participation, oral presentations, and a research paper. Maximum enrollment of 15 students.

Typically offered: Spring Only  
ACC-6101  Accounting Theory and Reporting I  (4 Credits)  

Graduate students only. An in-depth analysis of accounting theory and financial reporting, combining theory and problems. The course emphasizes asset and liability valuation and the corresponding measurement of revenues and expenses. Specific topics include the accounting process and adjustments, classified financial statements, conceptual framework underlying financial accounting, and recognition and measurement of current and non-current assets. International Financial Reporting Standards to be incorporated, as appropriate. Several assignments using EXCEL are required during the semester. A comprehensive project (incorporating transaction analysis, EXCEL schedules and complete statement preparation) is required of all students. Open to MS_ACC students only.

Typically offered: Fall Only  
ACC-6102  Accounting Theory and Reporting II  (4 Credits)  
Requisite(s): ACC-6101  

Graduate students only. A continuation of Accounting Theory and Reporting I (ACC 6101). Specific topics include recognition and measurement of intangible assets, current and non-current liabilities, stockholders equity, dilutive securities, investments, revenue recognition problems, accounting for income taxes, accounting changes and errors, and statement of cash flows. International Financial Reporting Standards to be incorporated, as appropriate. Several assignments using EXCEL are required during the semester. A comprehensive project (incorporating transaction analysis, EXCEL schedules and complete statement preparation) is required of all students.

Typically offered: Spring Only  
ACC-6201  Acc Information Technology & Design  (3 Credits)  

Graduate students only. This course is designed to introduce the student to computer applications in accounting. Students learn about the design and development of accounting systems. In addition, students learn how to computerize a manual system of accounting using a general ledger package. A variety of accounting problems are demonstrated. Students have hands-on experience completing various computer projects. Students will be required to complete a comprehensive project on analysis of internal controls of a public traded corporation. Open to MS_ACC students only. Lab fee.

Typically offered: Fall and Spring  
ACC-6202  Advanced Accounting Information Systems  (3 Credits)  
Requisite(s): ACC-2201  

Graduate students only. This course is designed to provide a detailed study of integrated components within an accounting information system. A thorough investigation of current issues that pertain to information technology is conducted. Students utilize the database approach to design and develop a complex system of storing and retrieving data. The REA model is used to analyze the relationship between an organization's essential resources, events and agents. Students use Microsoft Access to query data to write analysis reports for various case assignments. Open to MS_ACC students only. Lab. fee.

ACC-6301  Managerial Accounting  (3 Credits)  

Graudate students only. The course will focus on the managerial use of cost data for routine planning, budgeting and control, and for long-range planning. Product costing using job order, process and standard costs will be stressed. Students will be required to complete a term paper contrasting a company using a job-order system with a company using a process cost system. Open to MS_ACC students only.

Typically offered: Fall Only  
ACC-6401  Auditing and Assurance Services  (3 Credits)  
Requisite(s): ACC-6101  

Graduate students only. Principles, standards, procedures, and techniques of auditing with emphasis on the analytical approach; including electronic data processing, statistical sampling, risk assessment, types of audit examinations with appropriate reports, evaluation of assets, and substantiation of liabilities and equity accounts. A comprehensive term project involving the analysis of a specific auditing standard must be completed by each student. Open to MS_ACC students only.

Typically offered: Spring Only  
ACC-6402  Advanced Auditing  (4 Credits)  
Requisite(s): ACC-2201,ACC-4401  

Graduate students only. This course is a continuation and expansion of ACC 4401. The auditor's use of programs to audit information systems through computer applications, including evaluation and testing of internal control while being cognizant of fraud, is a major focus. The integration of integrity and ethics to both financial and internal audits through professional and legislative rules is stressed throughout the course. Open to MS_ACC students only.

Typically offered: Fall Only  
ACC-6501  Individual Taxation  (3 Credits)  

Graduate students only. A study of the basic principles of Federal Income taxation as applied to individuals. Students will be required to complete a comprehensive tax return utilizing current software.

Typically offered: Fall Only  
ACC-6502  Taxation for Business Organizations  (4 Credits)  
Requisite(s): ACC-4501 or ACC-6501  

Graduate students only A study of the basic principles of federal income taxation emphasizing corporations, individuals, partnerships, estates, trusts, and gift taxes. Special emphasis is given to the differences between federal income tax principles and financial reporting according to GAAP. Review and application of individual tax returns using computer software packages.

ACC-6601  Accounting for Managers  (3 Credits)  

Graduate students only. This course will examine the managerial use of cost data for routine planning, budgeting, and control, as well as for long-range planning. Students will explore the differences between generally accepted accounting principles and cost accounting principles. Students will be introduced to the managerial use of cost data for routine planning and budgeting within for-profit and not-for-profit entities.

Typically offered: Spring Only  
ACC-6990  Accounting Internship  (1-3 Credits)  

Graduate students only. Supervised work experience in various fields of accounting--including submission of a written report. Requires approval of the departmental chairperson.

Typically offered: As Needed  
ACC-6995  Independent Study in Accounting  (1-4 Credits)  

Graduate students only. Independent research and study in a topic in Accounting, including submission of a written report. Maximum: two semesters. Prerequisites: graduate standing and approval of the department chairperson.

Typically offered: On Demand  
ACC-7101  Special Topics in Accounting  (3 Credits)  
Requisite(s): ACC-6102  

Graduate students only. An in-depth analysis of accounting theory and financial reporting. Course coverage includes partnerships, installment sales, consignments, consolidations, international accounting and accounting for government and not-for-profit entities. International Financial Reporting Standards will be incorporated, as appropriate. A specific comprehensive case analysis which involves a not-for-profit or governmental entity will be assigned to each student. Open to MS_ACC students only.

Typically offered: Fall Only  
ACC-7998  Graduate Seminar in Accounting  (4 Credits)  
Requisite(s): ACC-4101 or ACC-6101  

Graduate students only. A study of current literature, accounting topics and recent professional pronouncements through active participation, oral presentations, and a research paper.