Accounting - Course Descriptions
Major in Accounting


Course Descriptions

ACC 201 – Financial Accounting
(3) F,S
Financial statement communication,
information processing, measuring business
income. Measurement and analysis
of gross margin, short-term liquid assets,
operating assets, short-term and longterm
liabilities, cash flows.

ACC 202 – Managerial Accounting
(3) F, S
Using accounting information for managerial
decisions. Product costing, activity-
based costing and activity-based management.
Cost behavior and decision making, budgeting,
capital investment decisions, performance
evaluation, internal control, cash flow analysis.
Prerequisite: Accounting 201.

ACC 301 – Intermediate Accounting I
(3) Y
Accounting theory and financial statement
disclosure requirements relating to
current and long-lived assets.
Compound interest concepts and their
use. Prerequisites: Computer Science 117
and Accounting 202.

ACC 302 – Intermediate Accounting II
(3) Y
Continuation of Accounting 301.
Liabilities and equities, accounting for
income taxes, pensions, leases revenue
recognition, and statement of cash flows.
Prerequisite: Accounting 301.

ACC 303 – Cost Management
(3) Y
Decision models and methods for estimation
and management of business costs, budgeting,
activity-based cost systems, strategic cost
management. Prerequisite: Accounting 202.

ACC 304 – Income Tax Accounting
(3) Y
Federal tax regulations and their application
to the taxation of individuals.
Prerequisite: Accounting 202.

ACC 305 – Advanced Income Tax Accounting
(3) IR
Study of federal tax regulations and their
application to the taxation of partnerships,
corporations, estates and trusts.
Prerequisite: Accounting 304.

ACC 307 – Accounting Information Systems
(3) O
Accounting information and technology;
elements of an accounting system; internal
controls; business processes; documentation;
systems planning and analysis;
systems implementation and control.
Prerequisite: Accounting 202, Computer
Science 217, and junior standing.

ACC 401 – Auditing
(3) Y
Study of audit standards and techniques
in the conduct of an audit examination.
Theory and practice of auditing is
studied from both internal and external
audit points of view. Prerequisite:
Accounting 302.

ACC 402 – Auditing Case Study
(1) Y
Comprehensive audit case study including
system of Internal Control, testing
procedures, preparation of audit adjustments,
and audit report. Emphasis on
computer as auditing tool. Prerequisite:
Accounting 401.

ACC 403 – Accounting for Multinational Business
(3) Y
Financial instruments, derivatives, hedging,
financial statement translation, substantial
influence investments, controlled
subsidiaries, merger accounting
and goodwill, consolidated financial
statements in multinational business.
Prerequisite: Accounting 302 or the

ACC 404 – Public Sector Financial Management
(3) O
Public sector resource flows. Financial
planning, budgeting, cost management,
financial reporting, and financial statement
analysis of governmental, health,
educational, and not-for-profit organizations.
Prerequisites: Accounting 202 and
Finance 333.

ACC 405 – Accounting Problems
(3) IR
Problems selected for value in furnishing
a comprehensive review of accounting
principles and practices taken from
Certified Public Accounting examination
of the American Institute of Certified Public
Accountants. Prerequisite: Accounting 403 or
permission of instructor.

ACC 406 – Forensic Accounting and Fraud Auditing
(3) Y
Integration of accounting, auditing and
fraud investigative skills. Resolution of
accounting “irregularities.” Use of auditing
case studies for analyzing documents
and internal controls, tracing funds,
examining business interruption losses,
and preserving and preparing evidence.
Prerequisite: Accounting 302.

ACC 491 – Current Topics in Accounting
(1) Y
Update on current changes in pronouncements
of the AICPA, FASB, SEC, and GASB and analysis
of their effects on the contemporary accounting
environment. Prerequisite: senior standing.

Note: The figure in parentheses following the title of the course indicates the credit hours per term. Courses that extend through two terms are shown as follows: (3, 3). Courses that are one term only are shown by: (3). Courses with variable credit are shown with the range of credit available, for example: (1-6).

Letters appearing after course credit hours in this section are explained as follows:
U=Summer Session
Y=at least once each academic year Check schedule for Winter Session
O=every other year

The College reserves the right to cancel any course if registration does not justify continuance and to make changes in curricula at any time. 

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1600 Burrstone Road | Utica, NY 13502