Undergraduate Course Descriptions


ACC 3200 Financial Accounting Theory I.

(3-0-3) F, S. A study of the theories that underlie the practice of accounting and financial reporting. Includes an historical perspective on the evolution of these theories, the process of establishing accounting principles, and the development of a framework for evaluation of present and potential new practices.

Grading methods: Traditional
Repeat information: May not be repeated
Restrictions(s): None
Prerequisite(s): Admission to the School of Business or permission of the Associate Chair
Co-requisite(s): Students are strongly advised to take ACC 3200 and ACC 3300 concurrently.
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 3250 Financial Accounting Theory II.

(3-0-3) F, S. This course is a continuation of ACC 3200. Investment, liabilities, and equities are examined. Complex problems in financial accounting such as pensions, leases, earnings per share, and preparation of the Statement of Cash Flows are studied.

Grading methods: Traditional
Repeat information: May not be repeated
Restrictions(s): None
Prerequisite(s): BUS 3710, ACC 3200, each with a grade of C or better; Admission to the School of Business, or permission of the Associate Chair
Co-requisite(s): Students are strongly advised to take ACC 3250 and ACC 3900 concurrently.
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 3300 Management and Cost Accounting.

(3-0-3) F, S. The role of management and cost accounting data in organizations will be explored. Course has in-depth coverage of cost accounting for financial reporting and managerial decision making. Includes job-order costing, process costing, activity-based costing, cost allocations, standard costing, and absorption and variable costing.

Grading methods: Traditional
Repeat information: May not be repeated
Restrictions(s): None
Prerequisite(s): MAT 2120G with a grade of C or better; admission to the School of Business or permission of the Associate Chair, School of Business.
Co-requisite(s): Students are strongly advised to take ACC 3200 and ACC 3300 concurrently.
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 3400 Introduction to Income Taxation.

(3-0-3) On demand. An introduction to tax planning and compliance. The course will cover basic concepts and procedures of Federal and State Income Tax as they pertain to the individual taxpayer and the small business enterprise.

Grading methods: Traditional
Repeat information: May not be repeated
Restrictions(s): No credit for graduation if student has credit for ACC 4400 or its equivalent. Not open to students enrolled in a curriculum requiring ACC 4400
Prerequisite(s): Junior standing or permission of the Associate Chair
Co-requisite(s):
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 3750 Governmental and Not-for-Profit Accounting.

(3-0-3) F, S. Special nature of accounting for governmental and not-for-profit entities. Topics include fund accounting characteristics, budgets, cost accounting systems, and financial statement analysis.

Grading methods: Traditional
Repeat information: May not be repeated
Restrictions(s): None
Prerequisite(s): ACC 3200 with a grade of C or better; a minimum cumulative EIU GPA of 2.50 or higher; admission to the Accounting Program or permission of the Associate Chair, School of Business. Restricted to accountancy majors.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 3900 Accounting Information Systems.

(3-0-3) F, S. Accounting systems concepts, design, information needs and flows. Special emphasis on accounting internal controls. Includes coverage of transaction processing cycles, general ledger accounting architecture, relational databases, data modeling and database design, e-commerce and EDI, computer-based accounting information system control, computer accounting fraud and security, and the effects of accounting information technology on organizations.

Grading methods: Traditional, WI
Restrictions(s): No credit for students who successfully completed ACC 3100 or its equivalent.
Prerequisite(s): MAT 2110G and MAT 2120G each with a grade of C or better; ACC 3200 and ACC 3300 each with a grade of C or better; admission to the School of Business, or permission of Associate Chair.
Co-requisite(s): Students are strongly advised to take ACC 3250 and ACC 3900 concurrently
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 3970 Study Abroad.

(Arr.-Arr.-1-15)

Grading methods: Traditional
Repeat information: Students can repeat this course with permission of the Associate Chair as topics change.
Restrictions(s): None
Prerequisite(s): Admission to the School of Business. Additional prerequisites to be determined by the topic(s) to be covered.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 4275 Internship in Accounting.

(Arr.-Arr.-1-12) Monitored work or service experience requiring development and application of accounting knowledge and skills.

Grading methods: Credit/No Credit
Restrictions(s): Up to 12 hours of internship credit may be counted for graduation
Prerequisite(s): Admission to the Accounting Program, ACC 3200, ACC 3300, a minimum cumulative EIU GPA of 2.50 or higher, and approval of Internship Learning Agreement by School of Business Associate Chair
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 4300 Advanced Management and Cost Accounting.

(3-0-3) On demand. The emphasis of the course is on the way management accounting data influence decisions within the organization. Course examines cost planning, cost control, decision making using accounting data, and performance evaluation. Topics include CVP analysis, relevant costing, the master budget, controlling discretionary costs, controlling inventory and production costs, capital budgeting, responsibility accounting and transfer pricing in decentralized organizations, measuring organizational performance and rewarding performance.

Grading methods: Traditional
Restrictions(s): None
Prerequisite(s): ACC 3300, ACC 3900, BUS 3950, BUS 3710, BUS 3010, BUS 3470, each with a grade of C or better; a minimum cumulative EIU GPA of 2.5 or higher; admission to the Accounting Program or permission of the Associate Chair.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 4400 Federal Income Taxation I.

(3-0-3) F, S. This is the first of two courses on federal income tax accounting under the latest amendments to the Internal Revenue Code. This course focuses on the income taxation of individuals and sole proprietorships. Topics include regulatory framework and legal liability of accountants, determination of gross income, deductions, and computation of tax liability, payment procedures, and tax planning.

Grading methods: Traditional
Restrictions(s): None
Prerequisite(s): ACC 3200 with a grade of C or better; a minimum cumulative EIU GPA of 2.50 or higher; admission to the Accounting Program or permission of the Associate Chair, School of Business.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 4500 Advanced Accounting Theory.

(3-0-3) F, S. Financial accounting measurement, partnerships, international operations, and accounting for business combinations. This course is designed to develop the student's knowledge of selected financial accounting topics and to give the student an understanding of the theory relating to them.

Grading methods: Traditional
Restrictions(s): None
Prerequisite(s): ACC 3250 and ACC 3900, each with a grade of C or better; a minimum cumulative EIU GPA of 2.50 or higher; admission to the Accounting Program or permission of the Associate Chair.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 4550 Internal Auditing.

(3-0-3) On demand. Theory and applications of the internal auditing appraisal function in assisting members of the organization in the effective discharge of their responsibilities. This course is designed for those students seeking a career in management accounting.

Grading methods: Traditional
Restrictions(s): None
Prerequisite(s): ACC 3250, ACC 3300, ACC 3900, each with a grade of C or better; a minimum cumulative EIU GPA of 2.5 or higher; admission to the Accounting Program or permission of the Associate Chair.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 4700 Auditing and Assurance Services.

(3-0-3) F, S. This is the first of two integrated courses on auditing and assurance standards and practices. This course focuses on the audit function, nature and scope of audit engagement, professional auditing standards and procedures, assessment of engagement risk, planning for audit, and analysis of internal control. Students who plan to take the Uniform CPA Examination should take this course and ACC 5400.

Grading methods: Traditional
Restrictions(s): No credit will be granted for students who have completed ACC 4600 or its equivalent with a grade of C or better.
Prerequisite(s): ACC 3250 and ACC 3900, each with a grade of C or better; minimum cumulative EIU GPA of 2.50 or higher; admission to the Accounting Program or permission of the Associate Chair, School of Business.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 4740 Independent Study.

(Arr.-Arr.-1-3) Intensive investigation of a topic under the supervision of an instructor.

Grading methods: Traditional
Restrictions(s): Enrollment is by application.
Prerequisite(s): ACC 3250, Admission to the Accounting program, Admission to the School of Business, senior standing, cumulative EIU grade-point average of 3.0 or higher, consent of the supervising instructor and approval of a completed application by the Associate Chair, School of Business, prior to registration.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair

ACC 4800 Federal Income Taxation II.

(3-0-3) F, S. A continuation of ACC 4400, with emphasis on underlying principles and concepts in the federal income tax laws and the tax consequences of alternatives. Emphasis on corporation, partnership, and fiduciary tax problems. Property transactions and international transactions will also be examined. Tax research is included.

Grading methods: Traditional
Restrictions(s): None
Prerequisite(s): ACC 4400 with a grade of C or better; a minimum cumulative EIU GPA of 2.50 or higher; admission to the Accounting Program or permission of the Associate Chair.
Co-requisite(s): None
Equivalent EIU Course(s): None
Authority to waive prerequisite: Associate Chair