Undergraduate Course Catalog

Accounting

M. Myring, Chairperson  

Accounting is often described as the “language of business.” Business managers, stockholders, investors, creditors, government agencies, and labor groups depend on accountants for financial data and need to understand the “language.” Majors in accounting prepare students for careers in public accounting as certified public accountants (CPA) or for careers as accountants for individual companies in private industry, government agencies, or nonprofit organizations.  

Under current state law, an Indiana candidate must complete 150 credit hours of education containing the equivalent of an accounting major in order to take the CPA Examination. This means that a candidate cannot sit for the CPA Examination with a 120-hour bachelor’s degree in accounting. To obtain the 30 additional credit hours necessary to take the CPA Exam, the Department and its Alumni Advisory Council recommend that students complete the 30-hour master’s degree. 


MAJOR IN ACCOUNTING (BA/BS), 69 hours

PREFIX

NO 

SHORT TITLE

CR HRS

Miller College of Business core, 42 hours

ACC  

BL
ECON


FIN  
ISOM 


MATH
MGT

MKG

201
202
260
201
202
221
300
135
249
351
132
300 
491
300

Principles of Accounting 1
Principles of Accounting 2
Principles of Business Law
Elementary Microeconomics
Elementary Macroeconomics
Business Statistics
Principles of Finance
Business Information Systems
Foundations of Business Comm
Operations Management
Brief Calculus
Managing Behavior in Org  
Bus Policy and Strategy Mgt  
Principles of Marketing

3
3
3
3
3
3
3
3
3
3
3
3
3
3

 

 

 


42 hrs

ACC  
  
   
   
  
  

301
302
305
306
401
451

Intermediate Accounting 1
Intermediate Accounting 2  
Accounting Info Systems  
Intermediate Mgmt Accounting
Introduction to Taxation  
Auditing Principles/Prac

3
3
3
3
3
3

9 hours from:

ACC


BL

410
430
440
363

Advanced Topics in Taxation (3)
Government & Nonprofit Acctg (3) 
Advanced Financial Accounting (3)
Uniform Commercial Code (3)

9


69 hrs
To pursue this program, students must have sufficient mathematical preparation to meet the prerequisite for ECON 221. The prerequisite for ECON 221 is a C or better grade in MATH 111 or a passing grade in MATH 132, 161, 162, 165, or 166. MATH 132 simultaneously substitutes for the University Core Curriculum math requirement. Proficiency in computer skills may be demonstrated by examination, or credit in ISOM 125 or CS 104 or its equivalent. The prerequisite for ISOM 135 is proficiency test required or ISOM 125 or CS 104. 

ACCOUNTING (ACC)

200 Accounting for New Ventures (3)
A survey course focusing on basic accounting and forecasting for non-accountants. Students will be introduced to financial statements and learn how to develop budgets and projections to support the launch of new ventures. 
     Prerequisite: ECON 116 or ECON 201; MGT 241. 
    Open only to non-business students. 

201 Principles of Accounting 1 (3)
An introduction to accounting emphasizing the basic principles underlying the accounting cycle. Includes the preparation of reports to management and external users of financial statements. Core Transfer Library: Professional/Occupational (IPO 1801)
    Prerequisite: completed 18 credit hours. 

202 Principles of Accounting 2 (3)
A continuation of ACC 201 emphasizing financial statement analysis and managerial and cost accounting concepts. Core Transfer Library: Professional/Occupational (IPO 1802)
    Prerequisite: ACC 201. 

299X Experimental/Developmental Topics (1-6)
Topics relevant to the discipline. Course titles will be announced before each semester. 
     A total of 6 hours of credit may be earned. 

301 Intermediate Accounting 1 (3)
The theoretical framework for accounting principles and procedures, the application of generally accepted accounting principles, and the preparation of financial statements. 
    Prerequisite: admission to the Miller College of Business; ACC 202. 

302 Intermediate Accounting 2 (3)
A continuation of ACC 301. Includes such topics as accounting for income taxes, pensions and post-retirement benefits, leases and other external reporting concerns. 
     Prerequisite: ACC 301. 

305 Accounting Information Systems (3)
A study of the role of accounting information systems and related subsystems. The relationship of accounting information systems to other systems, including management information systems, is addressed. 
     Prerequisite: admission to the Miller College of Business; ACC 202. 

306 Intermediate Management Accounting (3)
Measurement and management tools and techniques, emphasizing managerial uses of financial and operational data. 
     Prerequisite: admission to the Miller College of Business; ACC 202. 

369 Internship in Accounting (1-6)
Under a program approved and supervised by the Department of Accounting, a student majoring in accounting will work as an accounting intern for a public accountant, a business firm, or a governmental agency. 
    Prerequisite: admitted into the major, successfully completed ACC 301; permission from the accounting internship coordinator. 
    A total of 6 hours of credit may be earned. 

401 Introduction to Taxation (3)
A study of the basic features of the federal income tax. Emphasizes the determination of taxable income of individuals and corporations. 
    Prerequisite: ACC 201. 

410 Advanced Topics in Taxation (3)
A study of federal taxes on the business income of corporations, partnerships, exempt entities, and estates and trusts. Includes the use of tax reference materials and tax services. 
    Prerequisite: ACC 401. 

430 Government and Nonprofit Accounting (3)
Underlying concepts and standards of financial reporting for government and nonprofit entities are introduced. Emphasizes financial reporting differences between these entities and business enterprises. 
    Prerequisite: ACC 301. 

440 Advanced Financial Accounting (3)
Special accounting problems related to business combinations, consolidated financial statements, fiduciary accounting, international accounting, and partnership accounting. 
    Prerequisite: ACC 302. 

451 Auditing Principles and Practices (3)
Auditing of financial data and related controls from the perspective of internal and external auditors. Topics include internal control procedures, auditing procedures and standards, as well as reporting. 
    Prerequisite: ACC 302. 

495 Special Topics in Accounting (1-3)
Special advanced topics in accounting offered periodically with varying topics. 
    Prerequisite: junior and senior accounting majors or by permission of the department chairperson. 
    A total of 6 hours of credit may be earned with different topics, but no more than 3 in any one semester or term. 

497 Independent Study in Accounting (1-3)
An opportunity for students with superior scholastic records to study some phase of accounting. The topic selected, methods of study, and credit hours must be approved by the department. 
    Prerequisite: permission of the department chairperson. 
    A total of 3 hours of credit may be earned.

Academic Systems
North Quadrangle, Room 360
Ball State University
Muncie, IN 47306

Hours: Monday-Friday 8 a.m.-5 p.m.