8: McIntire School of Commerce

General Information | Academic Requirements | Course Descriptions | Faculty

Accounting | Finance | International Business | Management
Management Information Systems | Marketing | Taxation and Law
Commerce Interdisciplinary Courses | Independent Study

Accounting

COMM 201 - (3) (S, SS)
Introduction to Financial Accounting

Financial accounting for all University students to introduce them to the language of business. Initially, the focus is on the accounting system which measures, classifies, and reports economic data. Various decision makers are furnished with financial statements. The statements are studied in depth to gain an understanding of their underlying assumptions, limitations, and the relationships between financial elements. How the enterprise raises capital and invests it are explored, and accounting for key operating areas such as inventory, accounts receivable, and investments are studied in depth. Finally, parent-subsidiary relationships and consolidated financial statements are studied.

COMM 202 - (3) (S, SS)
Introduction to Management Accounting

Prerequisite: COMM 201
Continuation of COMM 201. Examines accounting's directing and problem-solving contributions to management. Evaluation of performance, planning, cost behavior, ethics, and special decisions are emphasized.

COMM 310 - (3) (Y)
Accounting Information Systems

Prerequisites: COMM 201, CS 120 or higher
For fourth-year accounting concentrators, this course provides a broad overview of both manual and computerized accounting information systems. Discusses strategies and risks that a business faces and how an organization builds accounting systems and controls to help achieve those strategies and properly manage those risks. Major topics include business transactions on the Internet, electronic commerce, electronic data interchange, transaction processing, internal controls, application controls, fraud, and data security.

COMM 311 - (3) (Y, SS)
Intermediate Accounting I

Prerequisite: COMM 202 or written permission of instructor
An intensive study of the generally accepted accounting principles for asset valuation, income measurement, and financial statement presentation for business organizations, and of the processes through which these principles evolve.

COMM 312 - (3) (Y, SS)
Intermediate Accounting II

Prerequisite: COMM 311
Continuation of COMM 311, with emphasis on accounting for the equities of a firm's investors and creditors. Important areas in financial accounting including accounting for leases, pensions, and income taxes.

COMM 314 - (3) (Y)
Cost Management and Cost Accounting

Prerequisite: COMM 202
Emphasizes the roles of accounting information in assisting managers to select and reach their objectives. Although attention is given to data accumulation and reporting, the focus is on cost analysis. Topics include responsibility accounting and reporting, ethics, standard costs, strategic cost analysis, activity-based cost management, target costing, and the role of accounting in improving quality.

COMM 521 - (3) (Y)
Introductory Auditing

Prerequisites: COMM 310, COMM 311, and COMM 312
Auditing includes the planning, processes (gathering evidence), and judgments required to render an opinion on an entity's financial statements. Deals with evidence theory, risk identification, and professional judgment. Audit methodology is examined through a study of auditing standards and the concepts and procedures developed to implement those standards. Other topics include professional ethics, auditors' liability, internal control assessment, audit program development, working papers, types of audit tests, and audit reports.

COMM 531 - (3) (Y)
Advanced Financial Accounting

Prerequisites: COMM 311, COMM 312
Covers accounting and financial reporting for business combinations (including consolidated financial statements), international accounting issues, foreign currency translation, reorganizations and liquidations, accounting requirements of the Securities and Exchange Commission, and accounting for partnerships. Emphasis is balanced between conceptual understanding of major issues and technical accounting requirements.


Continue to: Finance
Return to: Chapter 8 Index