Accounting (ACCT)

If a student takes noncore, upper-level business courses before admission to the School of Management, those courses will not count on an undergraduate degree application for any major in the school (except as general elective credit). A grade of C or higher must be presented on the graduation application for each upper-level course in the major. Course prerequisites are strictly enforced. Degree status is defined as formal admission to the School of Management.

Related Catalog Entry: School of Management

Related Mason Website: School of Management (http://gbi-sba.gmu.edu/)

School of Management

201 Financial Accounting (3:3:0). Survey of financial accounting. The accounting model, transaction analysis, and the accounting cycle are introduced. Special attention is directed to statement preparation.

202 Managerial Accounting (3:3:0). Prerequisite: Grade of C or better in ACCT 201. Survey of managerial accounting. Manufacturing cost systems, budgets, and cost-volume-profit analysis are introduced. Special attention is directed to the use of accounting information in managerial decision making.

310 Accounting Systems and Concepts (3:3:0). Prerequisite: Completion of at least 48 credits including a grade of C or better in ACCT 202, MIS 201. This course may be taken in the semester of application to SOM. An introductory, practical approach to understanding and creating efficient accounting information systems that focuses on a conceptual basis for transaction processing. Manual handling and processing of transactions in revenue, expenditure, payroll, and inventory cycles serves as a platform for developing and manipulating accounting information within a computerized transaction-processing and electronic database environment. Practical application of accounting knowledge is a significant aspect of course requirements.

311 Cost Accounting (3:3:0). Prerequisites: A grade of C or better in ACCT 310; degree status; permission of instructor for nonaccounting major. Accumulation, allocation, analysis, and reporting of cost information for external reporting and internal management. Discussion of the uses of cost information in inventory valuation, income determination, planning, controlling, and decision making.

330 Intermediate Accounting (3:3:0). Prerequisites: A grade of C or better in ACCT 310; degree status. Intensive study of financial accounting and disclosure requirements of selected topics including current and noncurrent assets, liabilities, and shareholders' equity. Consideration of professional pronouncements and their impact on financial statements.

334 Topics in Financial Accounting (1:1:0). Prerequisites: A grade of C or better in ACCT 330; degree status. Consideration of specialized topics in financial accounting with special emphasis on recent and complex accounting standards.

351 Federal Taxation (3:3:0). Prerequisites: A grade of C or better in ACCT 330; degree status. Introduction to federal income taxation of individuals. Examination of tax laws and procedures through the use of illustrative examples and problems.

432 Financial Accounting Theory (2:2:0). Prerequisites: A grade of C or better in ACCT 334, may be taken in same semester; degree status. Preparation of consolidated financial statement and consideration of international and multinational accounting standards.

461 Auditing for Public Accountants (3:3:0). Prerequisites: A grade of C or better in ACCT 330; degree status. Introduction to the public accounting profession with emphasis on the attest function and auditor's report. Includes an examination of auditing standards and procedures, the impact of internal controls, professional ethics and responsibilities, and an introduction to statistical auditing and the audit of computerized accounting systems.

499 Independent Study (1-3:0:0). Prerequisites: Nine credits in upper-level accounting courses and degree status. Research and analysis of selected problems or topics in accounting. Must be arranged with an instructor and student must receive written approval from the associate dean for undergraduate programs before registration. Written report required. May be repeated for a maximum of six credits if topics vary.