Accounting (ACCTG)

ACCTG 151 INTRODUCTORY FINANCIAL ACCOUNTING I ( 3) Basic concepts, principles, and practices for the recording, summarizing, and interpreting of accounting data.

ACCTG 152 INTRODUCTORY FINANCIAL ACCOUNTING II ( 3) Accounting for partnerships, corporations, cash flows, certain liabilities and assets, and the analysis of financial statements. Prerequisite: ACCTG 151

ACCTG 153 INTERMEDIATE ACCOUNTING ( 3) Financial accounting statements, concepts, and procedures; assets, liabilities, owners' equity, statement analysis. Students may not receive credit for both ACCTG 150 and 471. Prerequisite: ACCTG 151 , ACCTG 152

ACCTG 160 COST ACCOUNTING ( 3) Use of standard cost accounting procedures to present cost and budget statements as a means of providing managerial control. Students may not receive credit for both ACCTG 160 and ACCTG 404. Prerequisite: ACCTG 151 , ACCTG 152

ACCTG 186 FEDERAL TAX ACCOUNTING ( 3) Tax planning and compliance with federal income tax rules and regulations, especially those affecting individuals. Prerequisite: ACCTG 151 , ACCTG 152

ACCTG 197 SPECIAL TOPICS ( 1 - 9)

ACCTG 199 (IL) FOREIGN STUDIES ( 1 -12)

ACCTG 201 INTRODUCTORY FINANCIAL ACCOUNTING ( 3) Fundamentals of the collection, recording summarization, and interpretation of accounting data.

ACCTG 202 INTRODUCTORY MANAGERIAL ACCOUNTING ( 3) Actual and standard cost system, managerial use of cost, data, budgeting and performance evaluation. Prerequisite: ACCTG 201

ACCTG 211 FINANCIAL AND MANAGERIAL ACCOUNTING FOR DECISION MAKING ( 4) Introduction to the role of accounting numbers in the process of managing a business and in investor decision making. Prerequisite: MATH 021 or 1.5 units of high school algebra

ACCTG 211H FINANCIAL AND MANAGERIAL ACCOUNTING FOR DECISION MAKING ( 4) Introduction to the role of accounting numbers in the process of managing a business and in investor decision making. Prerequisite: MATH 021 or 1.5 units of high school algebra

ACCTG 294 RESEARCH PROJECT ( 1 -12)

ACCTG 296 INDEPENDENT STUDIES ( 1 -18)

ACCTG 297 SPECIAL TOPICS ( 1 - 9)

ACCTG 299 (IL) FOREIGN STUDIES ( 1 -12)

ACCTG 300H HONORS COURSE IN ACCOUNTING ( 1 -12) Honors program of intensive individual or group study in various areas of accounting. Prerequisite: approval by Departmental Honors Committee

ACCTG 305 FINANCIAL STATEMENTS AND MANAGEMENT DECISIONS ( 4) Impact of management's financing, investing, and operating decisions on GAAP- based financial statements. Students who have passed ACNTG 310 or 311 may not take this course for credit. Prerequisite: ACCTG 211 , FIN 301

ACCTG 310 FEDERAL TAXATION I ( 3) Study of income determination concepts for individuals and corporations, impact of taxation on decisions, elementary research techniques, and ethical standards. Prerequisite: ACCTG 211 or FIN 301

ACCTG 311 ACCOUNTING SYSTEMS AND CONTROL ( 3) Introduction to accounting procedures to gather, to aggregate, and to report accounting data to managers and to external readers. Prerequisite: ACCTG 211

ACCTG 312 ACCOUNTING TECHNOLOGY LAB ( 3) Hands-on course to teach accounting software, applications of spreadsheets and databases in accounting, and surveying of underlying database theory. Prerequisite: ACCTG 305 or ACCTG 371

ACCTG 340 COST ACCOUNTING ( 3) Accounting for manufacturing concerns; actual and standard cost systems, and managerial uses of cost data. Prerequisite: ACCTG 211 or ACCTG 311

ACCTG 371 INTERMEDIATE ACCOUNTING I ( 4) Financial accounting methods, theory and concepts; analysis of problems in applying concepts to financial statements and asset accounts. Prerequisite: ACCTG 211

ACCTG 397 SPECIAL TOPICS ( 1 - 9)

ACCTG 398 SPECIAL TOPICS ( 1 - 9)

ACCTG 399 (IL) FOREIGN STUDIES ( 1 -12)

ACCTG 403 AUDITING ( 3) Financial compliance, internal, and operational audits; standards and procedures; sampling; EDP auditing; professional issues; application of concepts through written responses. Prerequisite: ACCTG 371 or ACCTG 471

ACCTG 403W AUDITING ( 3) Financial, compliance, internal, and operational audits; standards and procedures; sampling; EDP auditing; professional issues; application of concepts through written responses. Prerequisite: ACCTG 371 or ACCTG 471

ACCTG 404 MANAGERIAL ACCOUNTING: ECONOMIC PERSPECTIVE ( 3) Accounting techniques as planning, control, and motivating devices in business and other organizations; accounting data for decision making and performance evaluation. Prerequisite: ACCTG 211 , SCM 200 or STAT 200 , ECON 002

ACCTG 405 PRINCIPLES OF TAXATION I ( 3) Elements of tax policy and tax-planning concepts for personal and business decision making; with emphasis on taxation of individuals. Prerequisite: ACCTG 211 ; B A 301 or FIN 301

ACCTG 406 PRINCIPLES OF TAXATION II ( 3) Impact of federal tax structure on business decisions, research methodology, tax planning; ethical considerations of tax practice. Prerequisite: ACCTG 405

ACCTG 410 FEDERAL TAXATION II ( 3) An examination of the rules and forms used to compute the federal tax liability of corporations and partners. Prerequisite: ACCTG 310

ACCTG 411 ACCOUNTING PRACTICUM: VITA ( 3) Introduces students to practical aspects of tax preparation through the IRS' VITA program and completion of a tax research project. Prerequisite: ACCTG 310

ACCTG 413 AUDITING INTERNSHIP ( 3) Full-time auditing experience for at least 10 weeks with approved firms. Students who have passed ACCTG 414 may not schedule this course. Prerequisite: ACCTG 403 or ACCTG 403W

ACCTG 422 ACCOUNTING SYSTEMS ( 3) Understanding flow and documentation of accounting information and internal controls in the context of accounting cycles. Prerequisite: ACCTG 312

ACCTG 426 FINANCIAL STATEMENT ANALYSIS ( 3) The exploration of conventional and advanced methods of analyzing financial statements, including the assessment of earnings quality. Prerequisite: FIN 301

ACCTG 431 ADVANCED AUDITING ( 3) Examination of legal liability, EDP, statistical sampling, SEC reporting, internal control, and financial reporting in specialized industries. Prerequisite: ACCTG 403 or ACCTG 403W

ACCTG 432 ACCOUNTING INFORMATION SYSTEMS ( 3) Systems analysis tools and techniques; internal control concepts; development of computer control procedures. Prerequisite: ACCTG 371 or ACCTG 471 , MIS 204

ACCTG 433 COMPUTER AUDIT AND CONTROL ( 4) Management application controls for EDP systems; EDP audit techniques; evaluation of system reliability. Prerequisite: or concurrent: ACCTG 403 or ACCTG 403W

ACCTG 440 ADVANCED MANAGEMENT ACCOUNTING ( 3) Management accounting topics such as decision models, quantitative techniques, variance analysis, and their use in accounting. Prerequisite: ACCTG 340

ACCTG 450 ADVANCED ACCOUNTING ( 3) Accounting theory and practice for business combinations, branches, international operations, partnerships, consolidated financial statements, corporate liquidations, nonprofit organizations, estates, and trusts. Prerequisite: ACCTG 472

ACCTG 461 (IL) INTERNATIONAL ACCOUNTING ( 3) Study of international accounting issues with emphasis on need, use, and interpretation of financial accounting required in global business environment. Prerequisite: ACCTG 211

ACCTG 462 GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING ( 3) Provides an understanding of governmental and not-for-profit accounting theory, procedures, and financial statements. Prerequisite: ACCTG 311

ACCTG 463 ACCOUNTING THEORY ( 3) An analysis of the development of accounting theory and its current and future impact on accounting. Prerequisite: ACCTG 471

ACCTG 471 INTERMEDIATE FINANCIAL ACCOUNTING I ( 3) Theory and practice issues in income concepts and value measurement; GAAP; revenues, costs, assets, liabilities, and equities. Prerequisite: ACCTG 211 or ACCTG 311

ACCTG 472 INTERMEDIATE FINANCIAL ACCOUNTING II ( 3) Off-balance-sheet financing; special issues in cost capitalization, liabilities, and equities; matching; funds flow statements; statement analysis; inflation accounting. Prerequisite: ACCTG 371 or ACCTG 471

ACCTG 473 ADVANCED FINANCIAL ACCOUNTING ( 3) Reporting for multi-corporate enterprises, business combinations, quasi- reorganizations, and selected contemporary reporting problems. Prerequisite: or concurrent: ACCTG 472

ACCTG 481 FINANCIAL STATEMENT ANALYSIS: ACCOUNTING BASED EVALUATION AND DECISION MAK ING ( 3) An accounting based evaluation and decision making approach to analyzing financial statements by studying business and firm valuation. Prerequisite: or concurrent: ACCTG 472

ACCTG 489 SEMINAR IN ACCOUNTING ( 3) New trends and concepts in accounting; applications and impact on problem solving and decision making. Prerequisite: permission of program

ACCTG 494 RESEARCH PROJECT ( 1 -12)

ACCTG 494H RESEARCH PROJECT ( 1 - 6)

ACCTG 495 INTERNSHIP ( 1 -18) Supervised off-campus, nongroup instruction including field experiences, practica, or internships. Written and oral critique of activity required. Prerequisite: prior approval of proposed assignment by instructor

ACCTG 496 INDEPENDENT STUDIES ( 1 -18)

ACCTG 497 SPECIAL TOPICS ( 1 - 9)

ACCTG 498 SPECIAL TOPICS ( 1 - 9)

ACCTG 499 (IL) FOREIGN STUDIES ( 1 -12)

ACCTG 501 RESEARCH METHODS IN ACCOUNTING ( 3) An introduction to the methods and techniques of contemporary research in accounting. Prerequisite: ACCTG 504 , ACCTG 507 , a course in statistical inference

ACCTG 503 SEMINAR IN AUDITING ( 3) The attest function of independent public accountants, verification of financial statements; problems of evidence, independence, ethics, professional responsibilities. Prerequisite: ACCTG 403W

ACCTG 504 SEMINAR IN MANAGERIAL ACCOUNTING ( 3 - 6) Accounting and the managerial processes of planning, control, and decision making.

ACCTG 507 SEMINAR IN FINANCIAL ACCOUNTING ( 3) Theoretical basis of financial accounting.

ACCTG 508 CONTEMPORARY ISSUES IN ACCOUNTING ( 3) Selected problems of current interest to the accounting profession.

ACCTG 511 FINANCIAL AND MANAGERIAL ACCOUNTING ( 3) Fundamental financial and managerial accounting concepts and issues from the viewpoint of the report user.

ACCTG 512 FINANCIAL ACCOUNTING THEORY AND REPORTING PROBLEMS ( 3) Measurement and reporting of financial information for external purposes, with particular attention to current problems in asset and income measurement. Prerequisite: ACCTG 511

ACCTG 514 SEMINAR IN FEDERAL TAXATION ( 3) The federal tax structure, including legal, economic, and government implications; focusing on business decisions, research methodology, and tax planning.

ACCTG 515 DEVELOPMENT OF ACCOUNTING THOUGHT ( 3) Development of accounting thought from ancient civilization to the present.

ACCTG 516 SEMINAR IN NOT-FOR-PROFIT ACCOUNTING ( 3) Measurement and structuring of financial information for managerial planning and control and external reporting.

ACCTG 524 MANAGERIAL ACCOUNTING ( 3) Concepts and techniques of accounting for planning, control, and motivation. Prerequisite: ACCTG 511

ACCTG 550 TAXATION AND MANAGEMENT DECISIONS ( 2) Framework for understanding the effects of taxes on business decisions and for devising effective tax planning strategies. Prerequisite: B A 511 , B A 521

ACCTG 560 ACCOUNTING AND BUSINESS ANALYSIS ( 2) Develop ability to assess the relation between accounting data in financial statements and the economic fundamentals represented. Prerequisite: B A 521

ACCTG 590 COLLOQUIUM ( 1 - 3) Continuing seminars which consist of a series of individual lectures by faculty, students, or outside speakers.

ACCTG 596 INDIVIDUAL STUDIES ( 1 - 9) Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.

ACCTG 597 SPECIAL TOPICS ( 1 - 9)

ACCTG 599 (IL) FOREIGN STUDY--ACCOUNTING ( 1 -12) Full-time graduate-level foreign study at an overseas institution with whom linkages have been established. Prerequisite: acceptance in established exchange program

The University reserves the right to change the requirements and regulations listed here and to determine whether a student has satisfactorily met its requirements for admission or graduation, and to reject any applicant for any reason the University determines to be material to the applicant's qualifications to pursue higher education. Nothing in this material should be considered a guarantee that completion of a program and graduation from the University will result in employment.

The University Faculty Senate has responsibility for and authority over all academic information contained in the Undergraduate Bulletin.

This electronic Undergraduate Bulletin is a version of the official bulletin of The Pennsylvania State University. It is suggested that users refer to this electronic bulletin when seeking the latest information about the University's academic programs and courses. Printed versions of the Bulletin are also official copies of the programs, courses, and policies in effect at the time of printing. Programmatic expectations for general education are those in effect at the time of admission to degree candidacy, and college and major requirements are those in effect at the time of entry to college and major. These are accurately indicated in each student's degree audit.

Effective Date: Current

Review Date: 06/20/2008

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