Course Descriptions

ACCT 214—Financial Accounting: 3 credits

Provides an introduction to the discipline of accounting; the principles of external financial reporting; and the use of general purpose financial statements (balance sheet, income statement and statement of cash flows) in decision making. Students will develop a basic understanding of how to use the financial statements to assess the profitability, liquidity and solvency of business entities.

ACCT 215—Managerial Accounting: 3 credits

The purpose of this course is to provide an introduction to cost concepts, product costing systems, budgeting systems, and the development of accounting data for internal managerial decisions.

ACCT 310—Accounting Information Systems: 3 credits

This course develops a sound understanding of the practices and procedures used to process accounting information. Emphasis is placed on computerized information systems.

ACCT 311—Intermediate Accounting I: 3 credits

This course is an investigation and analysis of the accounting problems and practices of the corporation, with detailed study of the component elements of the balance sheet and income statement. Basic topics include: generally accepted accounting principles, financial statements, income determination, and presentation.

ACCT 312—Intermediate Accounting II: 3 credits

This course is an investigation and analysis of the accounting problems and practices of the corporation, with detailed study of the component elements of the balance sheet and income statement. Basic topics include: generally accepted accounting principles, financial statements, income determination and presentation.

ACCT 314—Advanced Accounting: 3 credits

Exposes students to some of the more advanced and topical accounting subject matter. Potential areas of study include accounting for partnerships, accounting for governmental entities, the preparation of consolidated financial statements and foreign currency transactions and translations.

ACCT 315—Cost Accounting: 3 credits

This course addresses the use of accounting information for purposes of cost determination, cost control and cost analysis. Topics include: cost terminology, cost behavior, job order costing, process costing, cost allocations, and standard costing.

ACCT 411W—Auditing: 3 credits

Standards and procedures employed by auditors in the examination of financial statements for the purpose of rendering an opinion are studied and evaluated. Case problems are used to demonstrate the application of the principles studied.

ACCT 412W—Intro to Income Tax Accounting: 3 credits

This course covers the basic income tax concepts relevant to individual taxpayers, and "how to" apply those principles. The course deals with the basic income tax provisions of the Internal Revenue Code, with a particular focus on provisions that affect the tax liabilities of individual taxpayers as opposed to corporations. They should be able to explain how the current federal individual income taxation evolved and developed .Students will prepare tax returns that includes Schedules A, B, C, D, and E as well as other schedules and forms that are required to complete individual income tax returns both manually and using tax software. Issues that put tax practitioners at odds with clients will be discussed, guided by the ethical parameters established by the various standards, codes of conduct, and Treasury Department Circulars. Problem solving skills will be emphasized by examining real world applications and situations. The materials presented in this course focus on preparers perspective so that students develop understanding of the mechanical operation as well as the intellectual aspects of individual income tax preparation. As a writing intensive course, this course will also prepare the students to properly create, revise, and document communications required in the business world. These communications will typically be prepared in a memo format, and will require proper documentation of all sources. The ability to communicate through an appropriate business memo will be taught through lecture as well as numerous opportunities to revise and correct graded work. Because of the documentation requirements, the students will also develop tax research skills. The research skills will extend to cover topical tax assignment, code based research questions, and policy (legal precedence) research projects. The focus of the memo writing assignments is to develop the ability to communicate information to decision making personnel regardless of their accounting expertise. This course is required for accounting majors and particularly relevant for those interested to work in the public accounting sector. The course develops on materials covered in introductory financial and intermediate accounting courses. It provides the foundation for those who are planning to take upper level accounting courses including advanced accounting and corporate and partnership taxation courses.

ACCT 414—Introduction to Corporate and Partnership Tax Accounting: 3 credits

This course introduces students to the taxation of business, focusing on corporate and partnership income tax. Students will develop a basic understanding of the rules governing tax compliance in a variety of circumstances, e.g., incorporation, operations, liquidations and mergers, and develop the skills to evaluate tax law implications and recognize planning opportunities.

ACCT 416—Accounting Co-op

This course is recommended for students enrolled in the BSBA to MAcc 4.5 program. They can enroll in a semester full time working coop experience with one of Duquesne University's approved partners or a comparable work experience to maintain their full time student status. This experience will allow students to focus on their work commitments, learn from applying their classroom education, enhance their communication skills and overall accounting knowledge. No other classes can be registered for the semester when this COOP is conducted.