Houston Baptist University Catalog

Accounting (ACCT) Course Descriptions


ACCT 2301 Principles of Accounting I
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
Prerequisite: 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
Prerequisites: ACCT 2303; ECON 2311; BUSA 2311
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
Prerequisites: ACCT 2303; ECON 2311; BUSA 2311
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
Prerequisites: ACCT 2303; CISM 1321 or Computer Proficiency Exam; ECON 2311; BUSA 2311
An intensive study of financial accounting theory and generally accepted accounting principles related to income determination, the financial position, and cash flows of profit-oriented business enterprises. The courses must be taken in sequence.

ACCT 3312 Intermediate Accounting II
Prerequisite: ACCT 3311
An intensive study of financial accounting theory and generally accepted accounting principles related to income determination, the financial position, and cash flows of profit-oriented business enterprises. The courses must be taken in sequence.

ACCT 3311, 3312, 3313 Intermediate Accounting I, II, and III
Prerequisites: ACCT 2301, 2303; CISM 1321; ECON 2301, 2302; BUSA 2311, 2320
An intensive study of financial accounting theory and generally accepted accounting principles related to income determination, the financial position, and cash flows of profit-oriented business enterprises. The courses must be taken in sequence.

ACCT 3317 Accounting Information Systems
Prerequisite: 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, 4281, 4381 Special Topics
Prerequisite: Approval of the Dean of the School of Business
Directed study of a minimum of thirty clock hours for each hour of credit. Provides an opportunity for accounting majors to conduct detailed investigations of selected accounting problems.

ACCT 4181, 4281, 4381 Special Topics
Prerequisite: Approval of the Dean of the School of Business
Directed study of a minimum of thirty clock hours for each hour of credit. Provides an opportunity for accounting majors to conduct detailed investigations of selected accounting problems.

ACCT 4301 Advanced Accounting
Prerequisite: 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
Prerequisite: 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 Accounting
Prerequisites: ACCT 2301, 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 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 Auditing Issues
Prerequisite: 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 4336 Financial Statement Analysis and Valuation
PREREQS: ACCT 3311, MIS 2332, 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 4181, 4281, 4381 Special Topics
Prerequisite: Approval of the Dean of the School of Business
Directed study of a minimum of thirty clock hours for each hour of credit. Provides an opportunity for accounting majors to conduct detailed investigations of selected accounting problems.

ACCT 5260, Accounting Principles
This course covers the basics of accounting information. Students will examine financial statements to determine what is communicated to stakeholders. This knowledge will help gain decision-making and problem-solving abilities that are needed outside the classroom. The course introduces both financial accounting and managerial accounting to provide an overall perspective about the introductory accounting topics and presentation so that they can become effective users of accounting information. Graduate Business programs only.

ACCT 5302 Auditing
Prerequisite:
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
Prerequisite: None
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 for Corporations and Other Entities
Prerequisite: None
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
Prerequisite: 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
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 5361, Survey of Accounting for HRM
This is a survey course on basic financial and managerial concepts. Students will be introduced to the basic external financial statements and how they are used by creditors, investors, and outside parties. Students will apply current managerial accounting procedures such as identifying types of cost, the use of cost-volume-profit analysis, cost allocation and performance evaluation, and budgeting techniques. MS-HRM Program only.

ACCT 5381 SPECIAL TOPICS
For course description and prerequisite(s)(s) for this course, please contact the Dean of the School of Business.

ACCT 6191, Special Topics
Prerequisite: Approval of the dean of the School of Business
topics not included in other courses or not emphasized there may be offered in a 1, 2, or 3 semester-hour course. Graduating accounting only.

ACCT 6281, Special Topics
Prerequisite: Approval of the Dean of the School of Business
Topics not included in other courses or not emphasized there may be offered in a 1, 2, or 3 semester-hour course.

ACCT 6313, International Accounting Issues
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
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 Topics
Prerequisite: Approval of the Dean of the School of Business
Topics not included in other courses or not emphasized there may be offered in a 1, 2, or 3-semester-hour course. Graduate accounting only.