School of Business

Accounting Courses

ACCT 10000 - Fundamentals of Federal Income Taxation of Individuals NLA

An introduction to the issues encountered in personal income taxation. This course will present a practical approach that will prepare students to participate in the volunteer income tax preparation program and to prepare their own tax returns; credits earned in this course will not count toward an accounting degree requirements. This is a block I course. Prerequisites: BINT 10100 or MGMT 11100. 1.5 credits. (F,Y)

ACCT 10100 - Service Learning Tax Practicum NLA

A supervised work experience in tax return preparation at the basic level for the Ithaca College and surrounding community. Students must successfully pass the IRS VITA (Volunteer Income Tax Assistance) tax preparer exam at the basic level; credits earned in this course will not count toward an accounting degree. This is a block I-only course. Prerequisites: ACCT 10000. 1.5 credits. (S,Y)

ACCT 10300 - Minicourses in Accounting NLA
ACCT 10301 - Minicourses in Accounting NLA
ACCT 10302 - Minicourses in Accounting NLA
ACCT 10303 - ST Mini-Courses in Accounting NLA

Block courses on topics of current interest to faculty and students. May be repeated up to a maximum of 3 credits with different selected topics. Prerequisites: as appropriate to topics. 1.5 credits. (IRR)

ACCT 22500 - Financial Accounting NLA

Introduction to the basic measurement and reporting concepts underlying the acccounting system for communicating financial information to users external to the organization and to internal managers. Topics include information processing, preparation of financial statements, the role of ethics in accounting decisions, analysis of financial data, and valuation and reporting issues for assets, liabilities, stockholders' equity, revenues, and expenses. Projects require team activities and written reports. Prerequisites: Sophomore standing or above. 3 credits. (F-S,Y)

ACCT 22600 - Management Accounting NLA

Study of the uses of accounting information in managerial decision making, planning, and control within the firm. Areas examined are cost estimation; budgets; short-, intermediate-, and long-term planning; product costing; and special reports for managerial use. Emphasizes the uses of accounting outputs in the decision-making process rather than the concepts and methodology of accumulating accounting information. Projects include the use of basic computerized spreadsheets. Prerequisites: ACCT 22500; sophomore standing. 3 credits. (F-S,Y)

ACCT 31500 - Cost Analysis and Decision Making NLA

A study of various cost systems, theories, and models of cost and revenue behavior. The course focuses on cost management, cost analysis, and both structured and unstructured decision making with cost information. Product costing and the interface with the financial reporting system will also be covered. Prerequisites: ACCT 22600; junior standing. 3 credits. (S,Y)

ACCT 32000 - Accounting Information Systems NLA

Acquaints students with the functions, design, implementation, and documentation of information systems. The general topic of information systems, focusing on accounting applications (both financial and managerial), is covered. Extended coverage of transaction processing, internal controls, and computer security. Prerequisites: COMP 11000 or COMP 17100; ACCT 22600; junior standing. 3 credits. (IRR)

ACCT 34500 - Intermediate Financial Accounting NLA

This one-semester course for students in the accounting and finance concentrations covers essential topics related to balance sheet valuation and income measurement. Includes an overview of generally accepted accounting principles, financial statements, cash, accounts receivable, inventories, operating assets, current and long-term liabilities, stockholders' equity, cash flows, and revenue recognition. All is covered at a professional level, but in less detail and theoretical depth than in a two-semester course. Students intending to sit for professional accounting examinations are expected to take a second course, ACCT 34600 Financial Accounting Theory and Reporting, to provide the required additional background. Prerequisites: ACCT 22500; junior standing. 3 credits. (F,Y)

ACCT 34600 - Financial Accounting Theory and Reporting NLA

This one-semester course for students in the accounting major and the accounting concentration is a continuation of ACCT 34500 Intermediate Financial Accounting. It covers complex topics related to balance sheet valuation and income measurement and includes both topical coverage and reporting considerations. Students are expected to deal with detailed pronouncements and the advanced concepts in Intermediate Financial Accounting, such as accounting for pensions, income taxes, earnings per share, and accounting changes. Reporting issues and requirements are also covered. Text and cases are used. Intended for those planning to pursue public accounting certification (CPA). Prerequisites: ACCT 34500; junior standing. 3 credits. (S,Y)

ACCT 39700 - Selected Topics in Accounting NLA

Topics of current interest to faculty and students. Experimental courses are offered under this number and title. May be repeated for credit for different selected topics. Offered on demand only. Prerequisites: As appropriate to topics; junior standing. 1-3 credits. (IRR)

ACCT 39800 - Field Experience: Accounting NLA

Off-campus experience requiring a minimum of 35 hours of work in an organization, designed to give students practical work experience in their field of specialization. Students should contact the internship coordinator for registration information and application. (P/F only). 0 credit (IRR)

ACCT 40200 - Advanced Accounting NLA

In-depth analytical study of special problems in financial accounting. Continuous emphasis is placed on the relationship between theory and practice to reflect the latest professional pronouncements. Highly technical topics related to corporation, partnership, government, and not-for-profit organizations, including consolidation, branch and consignment, reorganization and liquidation, foreign transactions, and essentials of accounting for governmental and not-for-profit organizations. Prerequisites: ACCT 34600; junior standing. 3 credits. (S,Y)

ACCT 40600 - Auditing NLA

Theory of independent examinations of financial statements. Discussion of relationships with clients; working papers; audit procedures, including evaluations of internal control; accounting principles; preparation of reports; accountant's liability; and professional ethics. Prerequisites: ACCT 34600; junior standing. 3 credits. (S,Y)

ACCT 49300 - Tax Accounting NLA

Introductory course in taxation covering structure of present tax law; bases for income tax computations; and concepts of gross income, adjusted gross income, deductions, exemptions, and credits. Emphasis is on tax questions and problems relating to individuals. A student may not receive credit for both this course and ACCT 31100. Prerequisites: ACCT 34500; junior standing. 3 credits. (F,Y)

ACCT 49400 - Advanced Tax Accounting NLA

Advanced study of income tax provisions relating to individuals, corporations, and partnerships. Sophisticated tax provisions, such as corporate liquidations, capital charges, stock options, and pension plans. Solutions to complex tax problems through use of a tax service; practical experience in locating applicable code sections, regulations, IRS rulings, and court decisions; class presentations. Prerequisites: ACCT 49300; junior standing. 3 credits. (IRR)

ACCT 49600 - Practicum in Tax Accounting NLA

Supervised work experience in tax return preparation and tax advocacy that mirrors tax practice in accounting firms. Students undertake an intensive course preparing tax forms for individuals and must successfully pass the IRS VITA volunteer tax preparer exam. Students then are responsible for maintaining the professional requirements of the established tax practice. Tax returns are computerized and electronically filed. Students and faculty utilizing collaborative learning strategies provide tax advocacy and disseminate information to taxpayers who have English as a second language. Professional skills are emphasized. Prerequisites: ACCT 49300 or junior standing with instructor permission. 3 credits. (S,Y)

ACCT 49700 - Selected Topics: Accounting NLA

Topics of current interest to faculty and students. Experimental courses are offered under this number and title. May be repeated for credit for different selected topics. Offered on demand only. Prerequisites: As appropriate to topics; junior standing. 1-3 credits. (IRR)

ACCT 49800 - Internship: Accounting NLA

Off-campus experience involving varied, nonroutine work projects designed to allow students to synthesize academic theory with "real-world" operations of an organization. Primary responsibility is on the student to develop a project proposal and then carry out its requirements in conjunction with a faculty sponsor. Internship credit falls under the business elective category in the degree requirements. A maximum of 6 credits may be earned in any combination of internship (ACCT/FINA/HRM/INTB/MGMT/MKTG/PROD 49800) and experiential learning classes (BINT 19800). Prerequisites: Junior standing and completion of appropriate principles course; a minimum cumulative GPA of 2.70 at Ithaca College; approval of proposal by term beginning. An internship may not be repeated for credit with the same employer. Offered pass/fail only. 3 credits.

ACCT 49900 - Independent Study: Accounting NLA

A variable amount of credit may be earned toward the degree. To qualify, students must have a 3.00 cumulative grade point average and must have completed at least 6 credits in the subject matter. Guidelines are available in the School of Business dean's office. 1-3 credits.