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. (Fall and Spring)

ACCT 203 Managerial Cost Accounting (3)

A study of the use of cost data for management decision purposes. Designed for business majors. Prerequisite: ACCT 101. (Fall and Spring)

ACCT 210, Intermediate Accounting I, II, III (3, 3, 3)
211, 212

The study of generally accepted accounting principles with emphasis on the  theoretical aspects of modern public accounting. Prerequisite: ACCT 101. (211 Fall; 210and 212 Spring)

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 210. (Fall)

ACCT 302 Advanced Cost Accounting (3)

The study of additional cost accounting topics including cost allocation methods, capital budgeting and the use of cost data for control and decision-making purposes. Prerequisite: ACCT 301. (Spring)

ACCT 303 Advanced Accounting I (3)

A study of business combinations and the preparation of consolidated financial statements for parent and subsidiary companies as well as partnership, not-for profit and fund accounting. Prerequisites: ACCT 210-212. (Fall)

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.) (Spring)

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)

Accounting majors who have attained senior status and have a grade point average of at least 3.00 may take the following courses in the MBA program at Mount St. Mary’s. These courses may be taken for undergraduate credit or graduate credit. In order to take them for graduate credit, the student must have either completed the 120 semester hours required for the undergraduate degree or be registered for the necessary courses to complete the undergraduate degree. In order to register for more than three courses for graduate credit, the student must be admitted to the MBA program. The courses below are all offered on an accelerated basis within the MBA program. Students are strongly encouraged to discuss eligibility and scheduling matters with the MBA director. Registration forms must be cosigned by the MBA director.

MBA 520 Financial Statement Evaluation and Analysis (3)

A study of techniques used in analyzing and interpreting the financial statements of industrial business enterprises. Aims toward an understanding of the difficulties in resolving various financial reporting issues and of the significance and applicability of accounting data to the total business environment. Prerequisites: ACCT 210-212, ACCT 301 and a finance course. (As needed)

MBA 524 Advanced Auditing (3)

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

MBA 526 Advanced Studies in Taxation (3)

A study of federal income tax laws with particular emphasis on their application to business entities. Additional topics such as estate and gift taxation, fiduciary taxation, tax-exempt entities and retirement plans are also included at a basic level. Ethics, research and tax planning will be integrated throughout the course. Prerequisite: Previous course in taxation or ACCT 401. (Spring)

MBA 536 Business Ethics and Corporate Social Responsibility (3)

Addresses a wide range of business ethics issues relating to all functional areas of management: accounting, finance, marketing, human resources and general management. Concepts of corporate social responsibility and stakeholder management provide the context in which specific ethical questions are analyzed.