Accounting Courses

880-22500 Financial Accounting   NLA

Introduction to the basic measurement and reporting concepts underlying the accounting 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)

880-22600 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: 880-22500; sophomore standing. 3 credits. (F-S,Y)

880-31500 Cost Accounting   NLA

Discussion of various cost systems, theories, and models of cost and revenue behavior. Alternative costs for meeting different enterprise needs; internal and external financial analysis, cost definition, and determination; comparison of projected and actual data; and analysis of variances. Emphasis on the understanding of cost data for relevant analytical management planning and control. Prerequisites: 880-22600; junior standing. 3 credits. (S,Y)

880-32000 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: 312-11000 or 312-17100; 880-22600; junior standing. 3 credits. (IRR)

880-34500 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, Financial Accounting Theory and Reporting, to provide the required additional background. Prerequisites: 880-22500; junior standing. 3 credits. (F,Y)

880-34600 Financial Accounting Theory and Reporting   NLA

This one-semester course for students in the accounting major and the accounting concentration is a continuation of 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: 880-34500; junior standing. 3 credits. (S,Y)

880-39700 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)

880-40200 Advanced Accounting   NLA

In-depth analytical study of special problems in financial accounting. Continuous emphasis 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: 880-34600; junior standing. 3 credits. (S,Y)

880-40600 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: 880-34600; junior standing. 3 credits. (F,Y)

880-49300 Tax Accounting   NLA

Introductory course in taxation covering structure of present tax law; bases for income tax computations; concepts of gross income, adjusted gross income, deductions, exemptions, and credits. Emphasis on tax questions and problems relating to individuals. A student may not receive credit for both this course and 880-31100. Prerequisites: 880-34500; junior standing. 3 credits. (F,Y)

880-49400 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 tax service; practical experience in locating applicable code sections, regulations, IRS rulings, and court decisions; class presentations. Prerequisites: 880-49300; junior standing. 3 credits. (IRR)

880-49600 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: 880-49300 or junior standing with instructor permission. 3 credits. (S,Y)

880-49700 Selected Topics in Accounting   NLA

See 880-39700. Offered on demand only. (IRR)

880-49800 Internship: Accounting   NLA

See 882-49800. Also offered at the Ithaca College London Center. Note: Business majors who plan to study in London should confer with their faculty advisers early in their programs; otherwise, they may not be able to fulfill all program requirements in four years. (F-S,Y)

880-49900 Independent Study: Accounting   NLA

Special reading and research not covered in courses currently being offered, under supervision. Prerequisites: Prior approval by the School of Business. Variable credit. (F-S,Y)