Course Catalog

Accounting

180. Independent Study in Accounting.

190. Special Topics in Accounting.

198. Independent Research in Accounting.

219. Employment Experience in Accounting.

201. Introduction to Accounting.
Introduction to accounting that focuses on both external and internal accounting information. Topics include using and analyzing financial statements and related information for making economic decisions in today’s business world by external decision makers, using management accounting information for various internal decisions including CVP analysis, and business decisions that impact the business value chain. QUANT. Four credits. Offered every semester.

250. Introduction to Accounting Information Systems.
This course will explore manually run accounting systems and then the use of computer applications for the accounting function. This course will cover accrual accounting, journal entries, the year-end closing of accounts and the preparation of financial statements. Prerequisite: Accounting 201. Four credits. Offered every spring.

280. Independent Study in Accounting.

290. Special Topics in Accounting.

298. Independent Research in Accounting.

319. Internship in Accounting.

341. Intermediate Accounting I.
A study of financial accounting, financial statements, and annual reports with an emphasis on the use of GAAP. Topics of study include an examination of the conceptual framework for financial reporting, the use of time value of money concepts in accounting, the accounting for assets of a business, and accounting the liabilities of a business. Prerequisites: Acct 201, 250. Four credits. Offered every fall.

342. Intermediate Accounting II.
A continuation of the study of financial accounting, financial statements and annual reports with emphasis on the use of GAAP. Topics of study include accounting for stockholder equity, revenue recognition, income reporting concepts, accounting for income taxes, and pensions and post retirement benefits. Prerequisite: Acct 341. Four credits. Offered every spring.

343. Advanced Accounting.
A study of specialized topics in accounting. Topics include accounting for leases, the statement of cash flows, the concept of full disclosure, accounting for business combinations, consolidation, and foreign currency transactions. Prerequisite: Acct 342. Four credits. Offered every fall.

353. Cost Accounting.
Examination of methods of accumulating and allocating costs of production for purposes of planning and control in organizations. Major emphasis on inventory valuation in job order and process manufacturing, cost allocation methods in organizations, operations budgeting with analysis of variance and capital budgeting, and other decision models. Prerequisites: Accounting 201, 250. QUANT. Four credits. Offered every spring.

354. Individual Income Taxes.
The study of current income tax requirements for individuals. Topics include gross income and deductions, property transactions, and business income of sole proprietorships. Prerequisites: Accounting 201, 250. INFOLIT. Four credits. Offered every fall.

355. Taxation of Business Entities.
The study of current federal income tax requirements for partnerships, S corporations, and regular corporations. Prerequisites: Accounting 201, 250. Accounting 354 is recommended. Four credits. Offered every spring.

358. Auditing.
The primary purpose of this course is to assist students of accounting in understanding the work of the public accountant and to apply the methods and procedures followed in conducting an audit. Topics include: professional ethics, planning the audit, internal control, audit of electronic data processing systems, types of evidence, statistical sampling, and preparation of audit working papers and audit reports. Various case studies and projects will be utilized to demonstrate audit techniques. Prerequisites: Accounting 341, 342. Four credits. Offered every fall.

359. Governmental and Not-for-Profit Accounting.
A study of the accounting practices applicable to governmental, religious, charitable, and other non-profit organizations. Prerequisites: Accounting 341. Four credits. Offered every spring.

385. Capstone in Accounting.
This is a fully integrated accounting course that students take during their senior year at Simpson. The course will integrate topics covered in previous accounting and business courses. Using the case approach, students will analyze research and communicate on various business situations. The course culminates with group and written projects. Prerequisite: Management 131, 231, 333; Economics 101; Math 135; Accounting 201, 250, 341, 342, 353, 354, 358. COLLABLDR and WRITCOM. Four credits. Offered every spring.

380. Independent Study in Accounting.

390. Special Topics in Accounting.

398. Independent Research in Accounting.

Last Updated: 11/18/11