Accounting & Finance Course Descriptions

ACFN 111 - PRINCIPLES I

Introduction to the principles used in preparing and analyzing financial statements under generally accepted accounting principles. Introduction to the principles and tools used in managerial decision making. Fall and spring. 
4.000 Credit hours 

ACFN 112 - PRINCIPLES II

Exploration of additional concepts used in the preparation and analysis of financial statements, including the statement of cash flows. Exploration of additional concepts used in management decision making, with a focus on standard costs, variances, and capital budgeting. Prerequisite: 111. Fall and spring. 
4.000 Credit hours 

ACFN 210 - BUSINESS COMMUNICATION

Writing skills necessary for producing effective business letters, memos, reports, and other written documents in professional contexts. Verbal communication skills necessary to deliver successful presentations in professional contexts. Prerequisite: 112 or 114. Fall and spring. 
2.000 Credit hours 

ACFN 271 - INDEPT STUDY

Supervised reading or research at the lower-division level. Permission of department chair required. Consult department for applicability towards major requirements. Not available to first-year students. 
1.000 TO 4.000 Credit hours 

ACFN 310 - CORPORATE FINANCE

This course is the foundation course in Finance and the prerequisite for all other Finance courses. Topics covered include the time value of money, the financial markets, the concepts of risk and valuation, the types of financing and their relative mix, financial leverage, the cost of capital, and the criteria for evaluating the attractiveness of investment opportunities. Prerequisites: 111 or 113 and ECON 111. Fall and spring. 
4.000 Credit hours 

ACFN 315 - INVESTMENTS

The primary focus of this course is the concepts of Modern Portfolio Theory. Through efficient diversification, it is possible to minimize the risk consequences of investing and maximize return. Topics covered will include models of capital market equilibrium, the risk and valuation of financial instruments in the money market, the fixed income and equity markets, and the derivative markets. Prerequisites: ACFN 310 and one of MATH 118 or MATH 119 or MATH 122. Fall. 
4.000 Credit hours 

ACFN 320 - INTERNATIONAL FINANCE

This course examines the international dimensions of Finance. The course builds on the principles of Finance discussed in ACFN 310 and provides a conceptual framework for the key financial decisions of a multinational. Topics covered will include the balance of payments, the determination of exchange rates, forecasting future exchange rates, methods of hedging exchange rate risk, the international financial markets, the cost of capital for a multinational, multinational capital budgeting, and international cash management. Prerequisite: ACFN 310. Spring. 
4.000 Credit hours 

ACFN 325 - INTERMEDIATE ACCOUNTING I

Principles and procedures underlying the preparation of financial statements. Time value of money concepts and their application to financial statements. Accounting issues related to the recognition and valuation of cash, receivables, investments, current liabilities and long-term liabilities. Valuation of the elements in a corporation's stockholders' equity. Computation of earnings per share in simple and complex capital structures. Statement of Cash Flows preparation and evaluation. U.S. GAAP and IFRS related standards. Prerequisites: 112 or 114. Fall and spring. 
4.000 Credit hours 

ACFN 326 - INTERMEDIATE ACCOUNTING II

Valuation of inventories and the acquisition and disposition of property, plant and equipment. Accounting issues related to revenue recognition, depreciation, impairments, depletion, and intangible assets. Accounting for leases, pensions, post-retirement benefits, income taxes, changes in accounting estimates and principles, and error analysis and correction. Financial reporting requirements and disclosures. U.S. GAAP and IFRS related standards. Prerequisite: 325. Fall and spring. 
4.000 Credit hours 

ACFN 330 - GOVERNMENTAL/NONPROFIT ACCT

Principles of accounting and reporting for governmental units and not-for-profit institutions and organizations. Prerequisite: 325. Spring. 
2.000 Credit hours 

ACFN 330A - GOVERNMENTAL/NONPROFIT ACCT

Principles of accounting and reporting for governmental units and not-for-profit institutions and organizations. Prerequisite: 325. Summer. Online course 
3.000 Credit hours 

ACFN 331 - COST ACCOUNTING

Recording, communicating, and interpreting basic cost information for controlling routine operations and long-range planning. Job order and process costing, standard costs and variances, variable costing, flexible budgets, capital budgeting, cost analysis for special purposes, and performance measurement. Prerequisite: 112 or 114. Spring. 
4.000 Credit hours 

ACFN 332 - INCOME TAX ACCOUNTING

Federal income taxation of individuals, partnerships, and corporations. Preparation of various returns and forms. Internet research on special tax problems. Prerequisite: 112 or 114. Fall and spring. 
4.000 Credit hours 

ACFN 333 - CORPORATE FINANCIAL ANALYSIS

This course is a mixture of financial theory along with real world applications. The course builds on the concepts of ACFN 310. Topics covered will include financial forecasting, capital budgeting, the cost of capital, capital structure, and long-term financing. Prerequisite: ACFN 310. Fall and spring. 
4.000 Credit hours 

ACFN 335 - BUSINESS LAW

Law and the judicial process in commerce. Legal regulation of business and its relationships to society. Principles and issues in contract law, sales, product liability, agency, commercial paper suretyship, bankruptcy, professional ethics, and other topics of contemporary interest to those preparing for a career in business as well as those who plan to sit for the CPA exam. Prerequisite: Sophomore standing. Fall. 
2.000 Credit hours 

ACFN 337 - BUSINESS TAXATION TOPICS

Advanced tax topics relating to businesses. Computation of tax, tax accruals, tax considerations on the formation and operation of businesses, and other tax topics. Includes on-line research of tax issues. Prerequisite: ACFN 111 or 113. Fall. 
2.000 Credit hours 

ACFN 338 - ADVANCED ACCOUNTING

Business combinations and consolidated statements. Foreign currency translation and transactions. Financial reporting by foreign corporations. Prerequisite: 326 or instructor's permission. Fall and spring. 
4.000 Credit hours 

ACFN 340 - ACCOUNTING INFO SYSTEMS

Information systems analysis, design, implementation and control, including, the ability to understand the processing of accounting data in a computer environment and the controls required to ensure accuracy and reliability of accounting system data. Prerequisites: 112 or 114. Fall. 
4.000 Credit hours 

ACFN 353 - FRAUD EXAMINATION

Understanding of occupational fraud, including asset misappropriation and corruption; how occupational fraud is committed and actions that can be taken to deter and detect occupational fraud. Process to investigate fraud allegations, including evidence management. Prerequisites: 325 and MATH 124. Fall. 
2.000 Credit hours 

Course Attributes: 
Experiential Learning 

ACFN 355 - AUDITING

Theory and practice of financial statement auditing. Focus on the nature of auditing, standards, reporting, the audit environment, risk assessment and planning, controls, sampling techniques, and ethics. Prerequisites: 326 and junior standing. Fall and Spring. 
4.000 Credit hours 

ACFN 360 - FINANCIAL DERIVATIVES

This course is designed to enhance students' understanding of financial derivatives including options, futures, forwards, and swaps, and their use in the fields of investments and corporate financial management. Prerequisites: ACFN 315, MATH 118 or 119, and MATH 124. 
4.000 Credit hours 

ACFN 361 - SECURITY ANALYSIS

This course is designed to expand upon the knowledge and understanding of the basic concepts learned in Investments (ACFN 315). Students will learn several valuation methodologies related to prospective companies and other assets for investment purposes. Additionally, students will learn asset analysis methodologies within the context of a portfolio of assets. This course will cover analyses of stocks, fixed-income securities, derivatives, and other types of assets as may be required. Prerequisites: ACFN 315, MATH 118 or 119, and MATH 124. 
4.000 Credit hours 

ACFN 362 - CURRENT ISSUES IN FINANCE

In this topics course, students will study themes which may vary each time the course is offered and will focus in depth on one or more of the traditional areas of finance, or may consider topics outside the areas covered in other finance courses. Subject matter may include ethical and regulatory issues. This course covers contemporary issues not covered in depth in other finance courses. Prerequisites: MATH 124 & ACFN 310. 
4.000 Credit hours 

ACFN 371 - INDEPT STUDY

Supervised reading or research at the upper-division level. Permission of department chair and completion and/or concurrent registration of 12 credits within the department required. Consult department for applicability towards major requirements. Not available to first-year students. 
1.000 TO 4.000 Credit hours 

ACFN 395 - FINANCE CAPSTONE

This course integrates accounting and finance knowledge gained throughout the finance concentration. Students perform research in various areas of finance, prepare individual and group projects and presentation, and develop solutions to business issues. Prerequisite: Senior standing in the major, ACFN 310 & either ACFN 315 or 320. Spring. 
4.000 Credit hours 

Course Attributes: 
Capstone 

ACFN 396 - ACCOUNTING CAPSTONE

This course integrates knowledge gained throughout the accounting major. Students perform accounting, auditing and tax research and study; prepare individual and group projects and presentations; and conduct a research project which is presented to the department. Prerequisite: Senior standing in the major, ACFN 338 & two of ACFN 332, 340, 355. Spring. 
4.000 Credit hours 

Course Attributes: 
Capstone 

ACFN 397 - INTERNSHIP

Practical off-campus experience with a solid academic component for seniors directed by officers of employing firms or institutions. S/U grading only. 
1.000 TO 16.000 Credit hours 

Course Attributes: 
Experiential Learning