Accounting    206

3 (crs.)

Essentials of Financial Accounting

This course provides an introduction to the principles of financial accounting and the preparation, interpretation and analysis of general purpose financial statements for parties external to the organization. Prerequisites: MATH 103 (or equivalent) or placement into higher-level Math and 9 credits completed and at least 2.0 combined GPA or MATH 104 (or equivalent) or placement or completion of higher-level Math or instructor consent. Special course fees may apply.

Accounting    207

3 (crs.)

Essentials of Managerial Accounting

This course introduces students to the principles of management accounting, the use of accounting information for planning and control, decision making, and the costing of organizational activities. Prerequisite: ACCT 206 with a grade of C or better. Special course fees may apply.

Accounting    210

1 (crs.)

Basics of Individual Income Tax

This course introduces students to basic federal individual tax concepts and preparation of related basic tax forms. Special course fees may apply.

Accounting    211

1 (crs.)

Introduction to VITA Taxes

This course provides the training necessary for students to successfully complete the required IRS certifications and attain the income tax knowledge of both federal and Wisconsin tax law used in the preparation of VITA tax forms. Prerequisites: ACCT 210 or 403. Special course fees may apply.

Accounting    212

1 (crs.)

Tax Preparation for VITA

This course incorporates basic individual income tax knowledge with hands-on service learning via preparation of individual income tax returns for taxpayers eligible for the Volunteer Income Tax Assistance (VITA) program. Prerequisite: ACCT 211. Special course fees may apply.

Accounting    301

3 (crs.)

Intermediate Accounting I

This course is part of the financial accounting series designed to give students an in-depth understanding of the theory and current practice of financial accounting. This course particularly focuses on the financial accounting standards, conceptual framework, financial accounting cycle, time value of money, preparation and analysis of the income statement and balance sheet, and accounting for current asset accounts. Prerequisites: (ACCT 207 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    302

3 (crs.)

Intermediate Accounting II

This course is designed to give students an in-depth understanding of the theory and current practice of financial accounting as it pertains to non-current assets, liabilities and equity and the related accounts on the income statement. This course also covers special financial accounting topics such as earnings per share, accounting for income taxes, and accounting for pensions. Prerequisites: (ACCT 301 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    303

3 (crs.)

Cost Management

This course emphasizes fundamental principles and procedures of cost management including cost behavior, process costs and job order costs. Detailed study of indirect manufacturing cost, cost-volume-profit analysis, budgeting, standard cost procedures and variance analysis. Critical thinking and behavioral issues inherent in cost management are considered. Prerequisites: (ACCT 207 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    305

3 (crs.)

Accounting Information Systems

This course deals with the design, use, and management of information systems that support the financial and managerial accounting functions of modern organizations. Topics include organization of accounting systems, principals of systems design and documentation, transaction processing and data storage, internal controls, system security, auditing of information systems, and reporting systems. Prerequisites: (INFO SYS 311 and ACCT 301) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    306

3 (crs.)

Intermediate Accounting III

This course is part of the financial accounting series designed to give students an in-depth understanding of the theory and current practice of financial accounting. This course particularly focuses on special financial accounting topics such as leases, derivative instruments, revenue recognition, full disclosures in financial reporting, and FASB Codification Research System. In addition, this course provides a foundation on how financial accounting data can be gathered, analyzed, and used in decision-making. Prerequisites: (ACCT 302 with grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    401

3 (crs.)

Auditing

Basic auditing concepts and developments and their application to the examination, evaluation, and reporting of financial data. Theoretical topics include: auditing standards, evidence, ethics, statistical sampling, computerized systems, legal responsibilities, reports and procedures. Prerequisites: (ACCT 302 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    402

3 (crs.)

Enterprise Risk Management

This course is a capstone experience open to any business major which provides an introduction to the integrative discipline of Enterprise Risk Management. Integral to a successful business is the ability to analyze and prepare for threats to the successful accomplishment of an entity’s business objectives. This course will guide you through the development of an Enterprise Risk Management plan sufficient to prepare you to be an effective member of a risk management team. Prerequisites: Business majors who have been admitted to the SOB, Senior standing (last semester of enrollment), and completion or enrollment in BUSINESS 442 or 340 AND have submitted a graduate application. Special course fees may apply.

Accounting    403

3 (crs.)

Federal Income Taxation

This course is an introduction to the basic concepts of the federal income taxation. An overview of the sources and basic framework of federal income tax law is provided followed by concepts of filing status, exemptions, income recognition, exclusions, deductions, and capital gains and losses. The basics of entity taxation and cost recovery are also covered. Prerequisites: (ACCT 301 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    404

3 (crs.)

Advanced Federal Income Taxation

This course is a continuation of ACCT 403 Federal Income Taxation. Coverage includes advanced tax topics of C corporations, S corporations, and partnerships. In addition, the course covers business expenses and losses of individuals, property transactions, and the QBI deduction. A brief introduction to tax practice and ethics will be provided as well as an introduction to the federal estate and gift taxes. Prerequisites: (ACCT 403 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    405

3 (crs.)

Government and Not-For-Profit Accounting

Concepts of fund accounting, planning, budgeting and controlling the operations of governmental units and not-for-profit entities. Includes the study of internal control and operational audits. Prerequisites: (ACCT 302 with grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    406

3 (crs.)

International Accounting (GS)

This course considers the cultural genesis of International Financial Reporting Standards (IFRS) and compare and contrasts financial reporting in the United States of America (FASB) with IFRS. Meets School of Business Global Knowledge Requirement (GKR) and Global Scholar (GS). Prerequisite: ACCT 302. Special course fees may apply.

Accounting    408

3 (crs.)

Advanced Accounting

This course presents an in-depth study of advanced accounting theory and practice. Course coverage includes an examination of accounting for business combinations including mergers, parent-subsidiary relationships, and consolidated statements. It also covers recording, reporting, and analysis of topics related to governmental and nonprofit entities. Prerequisites: (ACCT 302 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    409

1 – 3 (crs.)

Topics in Accounting

Current accounting topics will be studied. Students are allowed to enroll in this course multiple times for credit, subject to a difference in topics among the multiple enrollments. Topics will reflect current relevant trends in accounting today. Prerequisites will be determined by the topics offered (see advisor). Special course fees may apply.

Accounting    410

3 (crs.)

Thinking like a Strategic Business Partner

This course is a culminating experience course open to any business major. This course addresses the development and use of accounting and other information for strategic decisions, including entrepreneurial/intrapreneurial activity (such as a design thinking project to introduce students to the design/creative business model process) and major strategic investments (such as capacity additions or acquisitions). The spirit is to enhance the ability of accounting students to participate as ‘business partners’ rather than just as ‘bookkeepers.’ This spirit applies to students from any major, however. Prerequisites: Business majors who are admitted to the School of Business, senior standing (last semester of enrollment), FINANCE 331, completion of or concurrent enrollment in BUSINESS 442 or 340, and submission of a graduation application. Special course fees may apply.

Accounting    411

3 (crs.)

Advanced Cost Management

This course emphasizes the strategic role of cost management. Primary topics include cost planning and analysis, capital budgeting, performance evaluation and transfer pricing. Quantitative methods and decision models are presented. The behavioral aspects of responsibility accounting are considered. Prerequisites: (ACCT 303 with a grade of C or better) AND EITHER (Admitted to the School of Business) OR (60 credits and 2.2 GPA). Special course fees may apply.

Accounting    474

3 – 6 (crs.)

Honors Thesis

The Honors Thesis is one of two options offered to Honors students to meet the Senior capstone requirement of The Honors College. Students who choose the thesis engage in research as an independent study over two semesters (fall/spring or spring/fall) with the support of a faculty advisor. They decide on a topic in their major or minor, address recent scholarship, develop a prospectus, and produce substantial work (e.g., a written thesis, scientific experiment or research project, or creative arts exhibit or production). At the end of the term in which the capstone is completed, students give presentations at the Honors Thesis Symposia. Credits are applied to the respective program. Prerequisites: In good standing with The Honors College, prior enrollment in HNRS 175Q and HNRS 275Q, and senior status.