Houston Baptist University Catalog

Accounting ( ACCT ) Course Descriptions

  • ACCT 2301 PRINCIPLES OF ACCOUNTING I

    ACCT 2301 Principles of Accounting I
    Prerequisite(s): None
    An introduction to the identification and analysis of business transactions and the financial accounting information system that captures them. Included is the flow of activities within the system culminating in the four basic financial statements of a for-profit business. Emphasis is placed on the use of these financial statements to make business credit and investment decisions.

  • ACCT 2303 PRINCIPLES OF ACCOUNTING II

    ACCT 2303 Principles of Accounting II
    Prerequisite(s): ACCT 2301
    An introductory course designed for managers throughout the organization and the tools they use in performing the planning and controlling of operations. Students will be introduced to: internal use reporting developed from the accounting information system; budgeting; determining product costs; and analyzing costs as to function and behavior. Interesting questions are discussed such as: How does a manager use accounting goals to motivate employees? How does a marketing department determine price? How does an organization determine what data to capture in the accounting information system?

  • ACCT 3303 COST ACCOUNTING

    ACCT 3303 Cost Accounting
    Prerequisite(s): ACCT 2303
    An in-depth study of the accounting tools managers use in performing the planning and controlling of operations. Students will develop and analyze internal reports for service as well as manufacturing companies; determine how the cost of a product is determined under several cost flow systems; allocate the costs of support departments; prepare detailed variances and interpret the results.

  • ACCT 3304 INDIVIDUAL INCOME TAXES

    ACCT 3304 Individual Income Taxes
    Prerequisite(s): ACCT 2303
    Current federal revenue acts affecting individual tax returns; procedures for computing the income tax liability of individuals. Practice in solving typical problems and in the preparation of tax returns.

  • ACCT 3311 INTERMEDIATE ACCOUNTING I

    ACCT 3311 Intermediate Accounting I
    Prerequisite(s): ACCT 2303 and (CISM 1321 or Computer Proficiency Exam)
    This course aims at equipping students with the fundamental financial accounting concepts and techniques underlying the preparation and interpretation of financial statements of business organizations. It also covers the procedures involved in recording business transactions and events using the double-entry system, conceptual framework for financial reporting, codification of accounting standards, and the accounting for cash and receivables.

  • ACCT 3312 INTERMEDIATE ACCOUNTING II

    ACCT 3312 Intermediate Accounting II
    Prerequisite(s): ACCT 3311
    This course focuses on in-depth study of the financial accounting concepts, practices and challenges of accounting for inventories, property, plant and equipment, depreciation, intangible assets, investments, current liabilities and contingencies, and non-current liabilities (bonds and notes).

  • ACCT 3313 INTERMEDIATE ACCOUNTING III

    ACCT 3313 Intermediate Accounting III
    Prerequisite(s): ACCT 3312
    This course is designed to examine the financial accounting concepts and their applications, and challenges of accounting for revenue recognition, leases, issue of stocks, dilutive securities and earnings per share, income tax, pensions and postretirement benefits, and accounting changes and error, and full disclosure in financial reporting.

  • ACCT 3317 ACCOUNTING SYSTEMS

    ACCT 3317 Accounting Information Systems
    Prerequisite(s): ACCT 3312
    An active, hands-on class that equips the accounting with both knowledge and skills to evaluate and create an accounting information system; work with a relational data base; evaluate and implement control systems; and assess and implement an accounting reporting system. Also included are current uses of technology in accounting utilizing several software applications.

  • ACCT 4181 SPECIAL TOP/INDEPENDENT STUDY

    ACCT 4181 Special Topics/Independent Study
    Prerequisite(s): None
    Topics are selected on basis of student need and academic qualifications of staff. If regular lectures are not given, a minimum of 30 hours of work for each hour credit must be included.

  • ACCT 4281 SPECIAL TOP/INDEPENDENT STUDY

    ACCT 4281 Special Topics/Independent Study
    Prerequisite(s): None
    Topics are selected on basis of student need and academic qualifications of staff. If regular lectures are not given, a minimum of 30 hours of work for each hour credit must be included.

  • ACCT 4301 ADVANCED ACCOUNTING

    ACCT 4301 Advanced Accounting
    Prerequisite(s): ACCT 3312
    Study and application of generally accepted accounting principles (GAAP) to specialized problems in mergers and acquisitions; consolidated financial reporting; partnership accounting; foreign currency transactions; foreign currency translation and remeasurements for reporting purposes. Study of GAAP for government and nonprofit entities, fund accounting and reporting practices.

  • ACCT 4302 AUDITING

    ACCT 4302 Auditing
    Prerequisite(s): ACCT 3312
    Standards and procedures in making audits and examinations of the accounting records of business enterprises; preparation of work papers; the content and forms of qualified and unqualified auditor’s opinions; types of audits; ethics of the profession.

  • ACCT 4306 GOVERNMENT AND NONPROFIT

    ACCT 4306 Government and Nonprofit Accounting
    Prerequisite(s): ACCT 2301 and ACCT 2303
    Application of financial accounting principles to governmental entities and nonprofit organizations; entails a detailed study of fund accounting and reporting practices. Requires proficiency in Microsoft Excel.

  • ACCT 4314 TAXATION:CORPORATIONS:ENTITIES

    ACCT 4314 Taxation for Corporations and Other Entities
    Prerequisite: ACCT 3304
    Federal income tax determination for corporations and the impact of decisions on the corporation and shareholders; tax issues relating to S corporations, partnerships, estates and trusts. Tax research is a substantial component of the course, representing one-third of the course content.

  • ACCT 4322 ADVANCED ADUITING ISSUES

    ACCT 4322 Advanced Auditing Issues
    Prerequisite(s): ACCT 4302
    Corporate governance issues and the impact on the auditing profession and accounting disclosures, additional attestation requirements from auditors, other non-attestation engagements, internal audit and audit committees, compliance and government audit, and legal liability of accounts. The course includes a substantial research and writing component representing two-thirds of the course content.

  • ACCT 4337 FINANCIAL STMT ANALYSIS & VALU

    ACCT 4337 Financial Statement Analysis and Valuation
    Prerequisite(s): ACCT 3311 and MIS 3330 and FINA 3320
    Study and application of analytical tools and techniques for analyzing corporate financial statements and related information. Financial statement analysis enables the user to assess the operating, investing, and financing activities of the corporation in an industry context to make inferences regarding historical success as well as prospective profitability and cash flows.

  • ACCT 4381 SPECIAL TOP/INDEPENDENT STUDY

    ACCT 4381 Special Topics/Independent Study
    Prerequisite(s): None
    Topics are selected on basis of student need and academic qualifications of staff. If regular lectures are not given, a minimum of 30 hours of work for each hour credit must be included.

  • ACCT 5302 AUDITING

    ACCT 5302 Auditing
    Prerequisite(s): None
    The study of standards and procedures in making audits and examinations of the accounting records of business enterprises; preparation of work papers; the content and forms of qualified and unqualified auditor’s opinions; types of audits; audit objectives, audit risk, materiality, and ethics of the profession.

  • ACCT 5311 ADVANCED ACCOUNTING

    ACCT 5311 Advanced Accounting
    Prerequisite(s): ACCT 3312
    Study and application of various methods under generally accepted accounting principles (GAAP) to specialized problems in mergers and acquisitions; consolidated financial reporting; partnership accounting; foreign currency transactions; foreign currency translations, derivatives, hedge accounting and remeasurements for reporting purposes. This course provides an introduction to International Financial Reporting Standards (IFRS).

  • ACCT 5314 TAXATION:CORP/OTHER ENTITIES

    ACCT 5314 Taxation for Corporations and Other Entities
    Prerequisite(s): ACCT 3304
    The study of federal income tax issues pertinent to various business entities and their owners. Consideration is given to how federal tax law affects the formation and operation of Corporations, Partnerships, and S Corporations. Distributions to owners and the liquidation of these entities are also covered. Tax research is a substantial component of the course representing one-third of the course content.

  • ACCT 5322 ADVANCED AUDITING ISSUES

    ACCT 5322 Advanced Auditing Issues
    Prerequisite(s): ACCT 5302
    Corporate governance issues and the impact on the auditing profession and accounting disclosures, additional attestation requirements from auditors, other non-attestation engagements, internal audit and audit committees, compliance and government audit, and legal liability of accounts.

  • ACCT 5360 SURVEY OF ACCOUNTING

    ACCT 5360 Survey of Accounting
    Prerequisite(s): None
    This course covers the basics of what accounting information is, what it means, and how it is used. Students will examine financial statements and determine what they do and do not communicate. This knowledge will help gain decision-making and problem-solving abilities that are needed outside the classroom. The course introduces both financial and managerial accounting to provide an overall perspective about the introductory accounting topics and presentation. The course is also intended to help students learn how to become effective users of accounting information. As such, the course provides a balance between the preparer and the user points of view. The course includes coverage of legal and ethical issues facing accountants as well as highlighting international accounting differences. This course must be taken within the first 12 semester hours in the program. Graduate Business programs only.

  • ACCT 5362 ACCOUNTING PRINCIPLES

    ACCT 5362 Accounting Principles
    Prerequisite(s): None
    This course is designed to introduce students to the basic principles and techniques of both financial and managerial accounting. It examines the procedures and processes involved in the preparation of basic financial statements and cost-related reports for managerial use. It also covers the application of these principles in evaluation, interpretation, and utilization of accounting information in credit, investment, strategic, organizational and operational decisions.

  • ACCT 5381 SPECIAL TOP/INDEPENDENT STUDY

    ACCT 5381 Special Topics/Independent Study
    Prerequisite(s): None
    Topics are selected on basis of student need and academic qualifications of staff. If regular lectures are not given, a minimum of 30 hours of work for each hour credit must be included.

  • ACCT 6181 SPECIAL TOP/INDEPENDENT STUDY

    ACCT 6181 Special Topics/Independent Study
    Prerequisite(s): None
    Topics are selected on basis of student need and academic qualifications of staff. If regular lectures are not given, a minimum of 30 hours of work for each hour credit must be included.

  • ACCT 6281 SPECIAL TOP/INDEPENDENT STUDY

    ACCT 6281 Special Topics/Independent Study
    Prerequisite(s): None
    Topics are selected on basis of student need and academic qualifications of staff. If regular lectures are not given, a minimum of 30 hours of work for each hour credit must be included.

  • ACCT 6313 INTERNATIONAL ACCT ISSUES

    ACCT 6313 International Accounting Issues
    Prerequisite(s): None
    As global corporations span national boundaries, they must interact with many different accounting practices and systems. This course deals with a wide variety of international accounting issues, including, but not limited to, the different types of accounting standards in the Americas, Asia, and Europe; issues of reporting and disclosure; issues of foreign translation when considering financial statements; issues of standardizing and harmonizing financial reporting; issues of managerial planning and control; and ethical issues of international accounting. Graduate Business programs only.

  • ACCT 6352 ACCOUNTING FOR MANAGERS

    ACCT 6352 Accounting for Managers
    Prerequisite(s): ACCT 5362 and ECON 5363
    The course covers accounting application and information relevant to managers in the current corporate environment. It includes analyzing corporate financial statements to assess the operating, investing, and financing activities of the corporation in an industry context; internal accounting topics like C-V-P analysis; decision-making and budgeting. Topics relevant to a public company like the IPO process and SEC filings will also be covered. The course includes coverage of legal and ethical issues facing accountants as well as highlighting international accounting differences. Graduate Business Programs only.

  • ACCT 6381 SPECIAL TOP/INDEPENDENT STUDY

    ACCT 6381 Special Topics/Independent Study
    Prerequisite(s): None
    Topics are selected on basis of student need and academic qualifications of staff. If regular lectures are not given, a minimum of 30 hours of work for each hour credit must be included.