880-22500 Financial Accounting NLA
Introduction to the basic assumptions and concepts that underlie accumulating, summarizing, and reporting the financial data of business enterprises. Topics include the accounting equation; methodology of record keeping; preparation of financial statements; role of the Financial Accounting Standards Board (FASB) and other regulatory bodies; contents of balance sheet, income statement, and cash flow statement; and the functions of accounting information in the business and investing communities. 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. The course emphasizes the uses of accounting outputs in the decision-making process rather than the concepts and methodology of accumulating accounting information. Prerequisites: 880-22500; sophomore standing. 3 credits. (F-S,Y)
880-31100 Investment and Corporate Taxation NLA
Analysis of federal taxes affecting unincorporated and incorporated businesses; personal tax and investment decisions. A student may not receive credit for this course and 880-49300. Prerequisites: 880-22600; junior standing. 3 credits. (F,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 is provided of transaction processing, internal controls, and computer security. Prerequisites: 312-11000 or 312-17100; 880-22600; junior standing. 3 credits. (F,Y)
880-34000 International Accounting NLA
An introduction to topics in international accounting, with a focus on comparative systems of accounting in Europe and Japan and the harmonization of international accounting standards. Financial and managerial accounting topics that affect multinational enterprises are also examined, including foreign currency translation, transfer pricing, and foreign taxation. Prerequisites: 880-22600; junior standing. 3 credits. (Y)
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. Coverage 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 topics are 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 utilized. The course is intended for those intending 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. This course 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
An 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 are covered, 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. (F,Y)
880-40600 Auditing NLA
Theory of independent examinations of financial statements. Discussion of relationships with the client; working papers; audit procedures, including evaluations of internal control; accounting principles; preparation of reports; accountant's liability; and professional ethics. Prerequisites: 880-40200; junior standing. 3 credits. (S,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)
880-49500 Accounting Seminar NLA
Discussion and in-depth study of some aspects and problems of professional accounting in public and private practice. While it is not the primary purpose to present or develop any particular portion of subject matter, an examination and elaboration of original pronouncements of authoritative bodies and development of research skills for conceptual presentations are stressed. Prerequisites: Senior standing in accounting. 3 credits. (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 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)
