Southeast Missouri State University

Below you will find a list of courses currently offered by the Department of Accounting. Click on the course title to view its syllabus.

AC221 Principles of Accounting I

A study of principles & procedures of financial accounting. The reporting of assets, liabilities, owner's equity, revenues, & expenses are detailed.

  • Prerequisites: Minimum grade of "C" in MA134 and AD101; sophomore standing.
  • 3 credit hours
  • Offered every semester

AC222 Principles of Accounting II

Examines principles & procedures of accounting. Equity, cash flows, cost-volume-profit & performance analysis, budgeting, & product costing are detailed.

  • Prerequisites: Minimum grade of "C" in AC221.
  • 3 credit hours
  • Offered every semester

AC321 Financial Accounting & Reporting I

Theory and procedures concerning financial accounting and reporting.

  • Prerequisites: AC221 and AC222 with minimum grade of "B," or consent of the chairperson.
  • 3 credit hours
  • Offered every semester

AC330 Accounting Information Systems

Analysis of accounting information systems and business processes. Emphasis on documentation, controls, transaction cycles, and spreadsheet/general ledger applications.

  • Prerequisites: AC222 with minimum grade of "C."
  • 3 credit hours
  • Offered fall/spring and some summer semesters

AC331 Cost Accounting and Analysis

General principles of cost management systems, job order, process and standard costing; budgeting; responsibility accounting; and performance evaluation.

  • Prerequisites: Minimum grade of "C" in AC222.
  • 3 credit hours
  • Offered fall/spring and some summer semesters

AC332 Financial Accounting & Reporting II

Theory and procedures concerning revenue recognition, investments, stockholders' equity, tax allocation, EPS, pensions, leases, accounting changes, and statement of cash flows.

  • Prerequisites: Minimum grade of "C" in AC321.
  • 3 credit hours
  • Offered fall/spring

AC375 Financial Statement Analysis

Examines the primary financial statements. Topics include: user objectives, an overview of analytical tools and techniques, and qualitative vs. quantitative judgments.

  • Prerequisites: Minimum grade of "C" in FI361.
  • 3 credit hours
  • Offered every semester

**Note: No credit is given toward accounting degree for this course. **

AC435 Taxation of Individuals

An examination of federal income taxes with an emphasis on current laws applicable to individual income taxpayers.

  • Prerequisites: Minimum grade of "C" in AC321 or consent of instructor.
  • 3 credit hours
  • Offered fall/spring

AC437 Auditing & Assurance Services

An introduction to financial auditing: authoritative pronouncements, legal liability, code of ethical conduct, audit procedures, and the types of audit opinions.

  • Prerequisites: AC321 with minimum grade of "C."
  • 3 credit hours
  • Offered fall/spring

AC493 Independent Study in Accounting

Intensive study of special problems related to accounting.

  • Prerequisites: A minimum of 75 hours completed; a minimum cumulative grade point average of 2.5 overall or 2.75 in the department; a minimum of 10 semester hours in the department completed; & consent of the department chairperson.
  • 1-3 credit hours
  • Offered every semester

AC534 Financial Accounting & Reporting III

Business combinations, consolidated statements, partnerships, and not-for-profit accounting.

  • Prerequisites: AC332 with minimum grade of "C."
  • 3 credit hours
  • Offered in Fall

AC537 Advanced Auditing & Assurance Services

An in-depth examination of auditor legal liability, ethics, audit procedures, statistical sampling, & audit research using electronic databases & the Internet.

  • Prerequisites: AC437 with minimum grade of "C" or consent of instructor.
  • 3 credit hours
  • Offered in Spring

AC540 International Perspectives in Accounting

An examination of accounting rules & practices of multinational enterprises throughout the world with special emphasis on harmonization, standardization, & disclosure requirements.

  • Prerequisites: Minimum grade of "C" in AC222.
  • 3 credit hours
  • Offered in Summer & Fall

**Note: Accounting majors must select AC540 to satisfy the Business Administration Core requirement for an "International Course" unless the student participates in an approved Harrison College of Business "study abroad" course or obtains separate permission of Department Chair.**

AC545 Taxation of Business Entities

An examination of federal tax laws with emphasis on corporate taxpayers, partnerships, and fiduciaries.

  • Prerequisites: Minimum grade of "C" in AC435 or consent of instructor.
  • 3 credit hours
  • Offered in Spring

AC548 Governmental and Not-for-Profit-Accounting

An introduction to the accounting principles and reporting practices of governments and not-for-profit organizations.

  • Prerequisites: Minimum grade of "C" in AC222
  • 3 credit hours
  • Offered in Summer

AC563 Legal and Ethical Issues in Accounting

A study of legal issues confronting business decision-makers, including negotiable instruments, debtor-creditor relationships, securities regulation & business organizations.

  • Prerequisites: BL255 or its equivalent with minimum grade of "C" or permission of instructor.
  • 3 credit hours
  • Offered in Fall/Spring

**Note: This course is cross-listed with BL563.**

AC573 Accounting Internship

A supervised learning and work experience in professional accounting. Forty contact hours are required for each hour of credit. One to three credit hours available.

  • Prerequisites: Junior standing with minimum grade of "C." in AC321, and an overall 2.75 GPA
  • 1-3 credit hours
  • Offered every semester.

**Note: Course may be take more than one time, but may not exceed nine credit hours cumulative.**

AC631 Advanced Cost Analysis

Study and application of strategic cost/managerial accounting concepts and procedures.

  • Prerequisites: AC331 or its equivalent with a minimum grade of "C," BA660, or consent of instructor.
  • 3 credit hours
  • Offered in Spring

AC647 Emerging Issues in Accounting

Study and application of accounting theory to current and emerging issues in accounting practice.

  • Prerequisites: AC331 with minimum grade of "C."
  • 3 credit hours
  • Offered in Spring

AC650 Fraud Examination and Forensic Accounting

An in-depth fraud examination with focus on causes of fraud, controls to prevent fraud, and company management and the auditor's role in deterring and detecting fraud.

  • Prerequisites: MBA status or permission of instructor
  • 3 credit hours
  • Offered in Spring
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