The University of Texas at Arlington

Undergraduate Catalog 2008-2009

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Volume XCII – July 2008
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email: ugcatalog@uta.edu

UT Arlington Undergraduate Catalog Fall 2008
Course Descriptions for Accounting (ACCT)

ACCT 2301. PRINCIPLES OF ACCOUNTING I (3-0) (ACCT 2301). The accounting process and its informational output. Financial accounting concepts, basic procedures, and the resulting reports. Recognition and creation of accounting information as bases for decisions.

ACCT 2302. PRINCIPLES OF ACCOUNTING II (3-0) A study of managerial accounting concepts and techniques. Topics include cost behavior, budgeting, responsibility accounting, and product costing. Prerequisite: ACCT 2301 with a grade of C or higher.

ACCT 3303. INTRODUCTION TO ACCOUNTING INFORMATION SYSTEMS (3-0) The structure of contemporary accounting systems with emphasis on controls, auditing, reporting, and efficient operation. Prerequisite: ACCT 2302 and INSY 2303 with grades of C or higher.

ACCT 3304. SOFTWARE TOOLS (3-0) A study of different types of software that would likely be used by accountants and other business people. May include word processing, spreadsheet, database, and presentation software, accounting software, tax software, and other types of tools that might be relevant. Accounting majors may take this course as an advanced business elective, but may not count this course as an accounting elective nor include it in the calculation of their accounting GPA. Prerequisite: ACCT 2302.

ACCT 3309. ACCOUNTING FOR MANAGERS (3-0) Planning, controlling, decision making, and performance evaluation. Uses a variety of teaching techniques (e.g., problems, cases, and projects) and is open only to non-accounting majors. Credit will not be given for both this course and ACCT 4302. Prerequisite: ACCT 2302 with a grade of C or higher.

ACCT 3311. FINANCIAL ACCOUNTING I (3-0) The environment of accounting, development of standards, basic theory, financial statements, worksheets, annuities and present value, receivables, inventories, liabilities, plant assets, depreciation and depletion, and intangible assets. Prerequisite: ACCT 2302 with a grade of C or higher and successful completion of basic accounting skills exam. (See the departmental website for details about the exam.)

ACCT 3312. FINANCIAL ACCOUNTING II (3-0) Stockholders' equity, earnings per share, investments in bonds and stocks, equity method, revenue recognition, accounting changes, error analysis, income taxes, leases, and cash flows. Prerequisite: ACCT 3311 with a grade of C or higher.

ACCT 3315. PRINCIPLES OF FEDERAL INCOME TAX (3-0) A study of general federal income tax principles such as income, deductions, losses, and property transactions. The principles of individual taxation will be covered as well as an overview of tax considerations for entities such as corporations and partnerships. Prerequisite: ACCT 3311 with a grade of C or higher.

ACCT 4191. STUDIES IN ACCOUNTING (1-0) Advanced studies, on an individual basis, in the various fields of accounting. Prerequisite: Senior standing and permission of instructor. May be repeated for credit with consent of department chair.

ACCT 4291. STUDIES IN ACCOUNTING (2-0) Advanced studies, on an individual basis, in the various fields of accounting. Prerequisite: Senior standing and permission of instructor. May be repeated for credit with consent of department chair.

ACCT 4301. STUDY OF INCOME TAX FOR ENTITIES OTHER THAN INDIVIDUALS (3-0) Comprehensive analysis of the federal income tax consequences applicable to entities other than individuals. The relevant tax principles of corporations, partnerships, trusts, and estates will be undertaken. Prerequisite: ACCT 3315 with a grade of C or higher.

ACCT 4302. ACCOUNTING IN MANAGERIAL PLANNING AND CONTROL (3-0) The role and development of accounting and other information for use in planning, control, decision making, and performance evaluation. Application of appropriate quantitative and statistical methods. Prerequisite: ACCT 3311 plus INSY 2303 and STAT 3321 with grades of C or higher.

ACCT 4304. COST ACCOUNTING (3-0) Concepts and purposes underlying the development and reporting of cost accounting information. Job order costing, process costing, standard costs, and variance analysis. Prerequisite: ACCT 4302 with a grade of C or higher.

ACCT 4311. ADVANCED FINANCIAL TOPICS (3-0) Consolidated statements, partnerships, and other topics which may include price-level adjusted statements, current value statements, ratio analysis, full disclosure, multinational companies, segment reporting, interim statements, branches, estates and trusts, SEC reporting, regulated industries. Prerequisite: ACCT 3312 with grade of C or higher.

ACCT 4318. AUDITING (3-0) Principles, concepts, and techniques which are appropriate to the acquisition, evaluation, and documentation of audit evidence. Internal control concepts, financial compliance, and operational auditing. Prerequisite: ACCT 3303 and 3312 with grades of C or higher.

ACCT 4325. GOVERNMENTAL ACCOUNTING (3-0) Budgeting, accounting, and financial reporting for local governmental units, hospitals, voluntary health and welfare organizations, and other nonprofit entities. Prerequisite: ACCT 3312 with a grade of C or higher.

ACCT 4331. SEMINAR IN ACCOUNTING (3-0) Readings and discussions of special topics in accounting. Prerequisite: Junior or senior standing and consent of instructor. May be repeated for credit with consent of department chair.

ACCT 4332. INTERNAL AUDITING I (3-0) A comprehensive study of internal auditing standards, ethics, concepts, audit techniques, and reporting practices. Prerequisite: ACCT 3303 with a grade of C or higher or consent of the instructor.

ACCT 4333. INTERNAL AUDITING II (3-0) An advance study of operational, organizational, and quality control audits. Topics will include operational audit methodology, audits of administrative and support services, audits of line functions, and audits of special areas. Prerequisites: ACCT 4332 with a grade of C or higher and a 3.0 GPA. $3 course fee.

ACCT 4380. ETHICAL BEHAVIOR IN ACCOUNTING (3-0) This course is intended to introduce students to ethical reasoning, integrity, objectivity, independence, professionalism, and other core values. The course incorporates the essentials of professional responsibilities, including elements of trust and communications with clients and other professionals. Both ethical principles and rules are considered. This course is intended to satisfy conditions of the Texas State Board of Public Accountancy that require candidates for the CPA Exam to have completed an approved ethics course. Accounting majors may take this course as an advanced business elective, but may not count this course as an accounting elective nor include it in the calculation of their accounting GPA. Junior standing or higher is recommended.

ACCT 4391. STUDIES IN ACCOUNTING (3-0) Advanced studies, on an individual basis, in the various fields of accounting. Prerequisite: Senior standing and permission of instructor. May be repeated for credit with consent of department chair.

ACCT 4393. ACCOUNTING INTERNSHIP (3-0) Practical training in accounting. Analysis of theory applied to real life situations. May be used as an advanced business elective only; graded on a pass/fail basis. No credit will be given for previous experience or activities. Prerequisite: Junior standing and consent of department internship advisor.