Course Descriptions

ACCT 214—Financial Accounting: 3 credits

Introduces students to the discipline of accounting and the principles of financial reporting. Students will develop a basic understanding of how to use the financial statements to assess the profitability, liquidity and solvency of business entities. Students will gain an understanding of how financial statement information is communicated and be exposed to new technology tools to analyze and visualize financial data.

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. Students will gain an understanding of how accounting information is communicated within an organization and continue to work with technology to analyze and visualize accounting data. Prerequisite: ACCT 214

ACCT 310—Accounting Information Systems: 3 credits

In this course, students will explore the role of accountants as users, managers, designers, and evaluators of accounting information systems. Topics include the use and design of ERP systems and the design and implementation of internal controls. Prerequisites: ACCT 214 and ACCT 215

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. Prerequisite: ACCT 215

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. Prerequisite: ACCT 311

ACCT 314—Advanced Accounting: 3 credits

The Advanced Accounting course exposes students to several of the more complex areas of accounting, including the preparation of consolidated financial statements, equity method investments, accounting for partnerships, accounting for governmental entities, and foreign currency transactions and translations. Current business transactions are utilized to illustrate course topics. Prerequisite: ACCT 312

ACCT 315—Cost Accounting: 3 credits

Financial cost data assists accountants in planning and managing the activities of organizations. Planning is vital for managing the financial performance of business organizations decisions. The financial planning topics in accounting are flexible budgets, balanced scorecard, responsibility accounting, transfer pricing and capital budgeting decisions. Cost management covers advanced topics in accounting information for external financial reporting. The cost topics include product and process costing, variable and absorption costing income statements, cost allocation for support service departments, use of standard costs for cost control, as well as variance analysis for variable and fixed product costs. The subjects covered are applicable for manufacturing, merchandising and service organizations. The course integrates statistical, analytical and quantitative methods from microeconomics and decision sciences to advance the problem-solving abilities of students. Prerequisite: ACCT 215

ACCT 411W—Auditing: 3 credits

Students study and evaluate standards and procedures employed by auditors in the examination of financial statements and internal controls for the purpose of rendering an opinion. The course includes an audit simulation to illustrate the concepts and develop students' communication skills. Students will use data analytics and audit automation tools, such as Excel, and AI Mindbridge. Prerequisite: ACCT 312

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. Prerequisites: ACCT 214 and ACCT 215

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. This is an active, problem-solving course, in which students prepare a variety of tax returns and use data analytics to examine corporate taxation. Prerequisite: ACCT 412

ACCT 416—Accounting Co-op

This course is recommended for students enrolled in the accelerated 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. Prerequisite: All ACCT classes must be completed prior to taking this course.