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Accounting Course Descriptions

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

ACCT 102 Accounting Principles II (3)
This course continues the review of financial accounting principles. Fundamentals of managerial accounting are addressed in the second part of the semester.
Prerequisite: ACCT 101

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 and 102.

ACCT 301 Cost Accounting (3)
The essentials of cost accounting for the accounting professional. A study of cost behavior, standard costs for product costing and control, job order and process costing, activity based costing, variance analysis, cost-volume-profit analysis and the master budget.
Prerequisite: ACCT 201.

ACCT 303 Advanced Accounting (3)
A study of governmental and non-profit accounting procedures used in the preparation of governmental and non-profit financial statements as well as a study of partnership and business combination accounting procedures used in the preparation of partnership and consolidated financial statements. The role of the Securities and Exchange Commission in today’s modern public accounting is also examined. Prerequisites: ACCT 201-202.

ACCT 398 Independent Study (1-3)
Permission of the instructor, the department chair, dean of the school/college and the associate provost is required.

ACCT 399 Special Topics in Accounting (3)
Study of special topics in Accounting.
Prerequisite : ACCT 201

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 201.

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 201-202.

ACCT 411 Forensic Accounting I (3)
An introduction to the practice of forensic accounting with an emphasis on fraudulent financial reporting and misappropriation of asset frauds. The course also examines the tools and techniques used by forensic accountants to detect and investigate various frauds including digital analysis and computer-based applications. Students will also read and study actual case studies and apply the principles learned in this course to the fraud schemes perpetrated.
Prerequisites: ACCT 201-202, 310

ACCT 412 Forensic Accounting II (3)
This course is a continuation of Forensic Accounting I and will explore the other disciplines of forensic accounting including litigation services and expert witness services, developing commercial and economic damages, cybercrime management, and business valuations. The course will also explore proper evidence management, investigating electronic evidence, and digital forensic analysis. Students will also read and study actual case studies and apply the principles learned in this course to these forensic disciplines.
Prerequisite: ACCT 411

ACCT 424 Auditing II (3)
A study of auditing concepts and methods, emphasizing those issues most frequently
encountered by the firm and external auditors.
Prerequisite: ACCT 405

ACCT 426 Accounting Theory and Practice (3)
This course is an elective for accounting majors. It is specifically designed for those students who intend to take the CPA exam. The course is delivered online (on a pass/fail basis) and covers all subject matter addressed on the CPA exam.

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

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Frederick Campus | 5350 Spectrum Drive | Frederick, MD 21703
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