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Accounting Course Descriptions

ACCT 101 and 102 Accounting Principles I and II (3, 3)
A study of fundamental accounting principles, accumulation of financial data, preparation of financial statements and the use and interpretation of financial statements.
(Fall and Spring)

ACCT 201 and 202 Intermediate Accounting I, II (3, 3)
The study of generally accepted accounting principles with emphasis on the theoretical aspects of modern public accounting.
Prerequisite: ACCT 101. (201 Fall, 202 Spring)

ACCT 401 Federal Income Tax (3)
A study of federal income tax laws with particular emphasis on their application to individuals. Tax research, planning and ethics will be integrated into and emphasized throughout the course.
Prerequisite: ACCT 210. (Spring)

ACCT 405 Auditing (3)
An introductory course in auditing. Includes the study of auditing concepts and methods including reporting requirements, professional ethics and legal liability issues, audit objectives and evidence, planning and documentation, and the analysis and study of materiality and risks, as well as internal control systems.
Prerequisites: ACCT 210-212. (Fall)

ACCT 410 Accounting Information Systems (3)
A systems approach to accounting information with emphasis on computer-based accounting information systems (AIS). Includes technical aspects of AIS, transaction cycles, system development and implementation, internal control, and auditing in a computer environment.
Prerequisites: ACCT 101. (Same as IFSY 410.) (Fall)

ACCT 425 Independent Study (1-3)
Permission of the instructor, the department chair and the dean for academic affairs is required.
(As needed)

ACCT 480 Internship (1-12)
Opportunities for students to engage in practical application of accounting theory. Permission of the department chair and the dean for academic affairs.
(As needed)

16300 Old Emmitsburg Road | Emmitsburg, MD 21727
Map & Directions | | 301-447-6122
Frederick Campus | 5350 Spectrum Drive | Frederick, MD 21703
Map & Directions | | 301-682-8315