Accounting

• SMG AC 221: Financial Accounting
  Sophomore requirement. Basic concepts underlying financial statements and accounting procedures used in preparing statements of financial position, income statements, and statements of cash flow. Stresses the interpretation, analysis, and evaluation of published financial statements.
• SMG AC 222: Managerial Accounting
  Sophomore requirement. AC 222 is a department-coordinated course that introduces the basic principles, methods, and challenges of modern managerial accounting. It covers traditional topics such as job-order costing, cost-volume-profit analysis, budgeting and variance analysis, profitability analysis, relevant costs for decision making, and cost-plus pricing, as well as emerging topics such as Activity-Based Cost (ABC) accounting. The material is examined from the perspective of students preparing to use management accounting information as managers, to support decision making (such as pricing, product mix, sourcing, and technology decisions) and short- and long-term planning, and to measure, evaluate, and reward performance. The course emphasizes the relationships between accounting techniques and other organizational activities (such as strategy and motivation).
• SMG AC 347: Intermediate Accounting I
  Required for Accounting concentrators. Provides foundation for solving financial reporting issues through the study of the conceptual framework of accounting, recognition and measurement of current and non-current assets, revenue recognition, and the development of the income statement and balance sheet.
• SMG AC 348: Intermediate Accounting II
  Required for Accounting concentrators. Continues with providing a foundation for solving financial reporting issues through the study of liabilities (including pensions, bonds, and leases), interperiod tax allocation, stockholder’s equity, and the statement of cash flows.
• SMG AC 414: Financial Statement Analysis
  Analysis of corporate financial statements. Includes profitability analysis, liquidity and solvency analysis, the incentives of management in corporate reporting, and the use of accounting information in efficient capital markets.
• SMG AC 430: Accounting Research
  Develop and practice research skills required of an accounting professional. Use accounting-related resources to research and understand accounting reporting issues and authoritative guidance for application of GAAP.
• SMG AC 445: Advanced Managerial Accounting
  This course integrates knowledge from the fields of accounting, economics, and finance to investigate current issues related to management control, financial analysis and valuation, corporate governance, and strategic cost analysis.
• SMG AC 469: Principles of Income Taxation I
  Federal income tax law common to all taxpayers—individuals, partnerships, corporations. Tax returns for individuals. Topics include tax accounting, income to be included and excluded in returns, tax deductions, ordinary and capital gains and losses, inventories, installment sales, depreciation, bad debts, and other losses.
• SMG AC 498: Directed Study: Accounting
  
• SMG AC 541: Advanced Accounting
  Examines accounting issues relating to business combinations and foreign operations (accounting for mergers and acquisitions, constructing consolidated financial statements, recording foreign-currency transactions and hedging exchange risk, translating foreign subsidiaries’ local currency financial statements), business segments, reporting for local governments, and the impact of the SEC and international standards on financial reporting.
• SMG AC 544: International Accounting
  Current international accounting regulations and practices are discussed. Focuses on the impact of international accounting regulations and practices upon multinational corporations’ financial planning, their economic consequences, and international financial statement analysis. Additional discussions deal with joint ventures, foreign currency transactions and translation of foreign financial statements, international taxation, and international standards and organizations.
• SMG AC 555: Not-for-Profit Accounting
  This course deals with the principles of accounting and reporting for nonprofit organizations and local government.
• SMG AC 565: Auditing
  Introduces the basic concepts underlying auditing and assurance services (including materiality, audit risk, and evidence) and demonstrates how to apply those concepts to audit and assurance services through financial statement audits.
• SMG AC 579: Principles of Income Taxation II
  Certain common and special Federal tax laws for individuals, partnerships, corporations, estates, trusts, and miscellaneous entities. Topics include income tax returns for partnerships, business corporations, special corporations, decedents, estates, and trusts. Survey coverage of corporate liquidations, pension and profit-sharing plans, IRS audits, and estate and gift taxes.
• SMG AC 585: Forensic Accounting
  Prereq: SMG AC 348. Explores the function and role of the forensic accountant. Topics include the dissection of financial statements, obtaining related evidence from other sources, investigation, and valuation. 2 cr. Summer only

Note that this information may change at any time.

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