Department of Accountancy and Business Law

Dr. Lori Ann Buza, Chairperson

The Department of Accountancy offers a major in Accountancy and minors in Accountancy and Business Law.

Requirements for Accountancy Major

Degree of Bachelor of Science

AC-151Principles of Accounting I3
AC-152Principles of Accounting II3
AC-331Intermediate Accounting Theory I3
AC-332Intermediate Accounting Theory II3
AC-341Advanced Accounting Theory3
AC-443Cost Accounting3
AC-444Auditing Principles3
AC-455Taxation3
AC-474Accounting for Intercorporate Investment3
BL-161Introduction to Law and Contracts3
BL-162Agency and Business Organization3
BL-251Uniform Commercial Code3
EC-101Macroeconomic Principles3
EC-102Microeconomic Principles3
FN-410Business Finance3
FN-411Financial Management3
BA-151Principles of Management3
BA-155Principles of Marketing3
Choose 2 Electives from AC, BL or LW6
Total Credits60

Special Notes on Core Curriculum Requirements

Special Notes on Major Requirements

Requirements for a Minor in Accountancy

AC-151Principles of Accounting I3
AC-152Principles of Accounting II3
AC-331Intermediate Accounting Theory I3
AC-332Intermediate Accounting Theory II3
AC, BL or LW Accountancy, Business Law or Law Electives6
Total Credits18

Requirements for a Minor in Business Law

BL-161Introduction to Law and Contracts3
BL-162Agency and Business Organization3
BL-241Real and Personal Property3
BL-251Uniform Commercial Code3
LW-155Seminar in Contemporary Legal Issues (Values)3
One Elective as Approved by Department3
Total Credits18

AC Courses

AC-151. Principles of Accounting I. 3 Credits.

Fundamental principles of accounting for business entities; the reporting of financial information to users; basic considerations underlying financial and cost accounting data from a management point of view.

AC-152. Principles of Accounting II. 3 Credits.

Fundamental principles of accounting for business entities the reporting of financial information to users basic considerations underlying financial and cost accounting data from a management point of view. Prerequisites: AC-151.

AC-295. Co-Op. 3 Credits.

AC-325. Forensic Accounting. 3 Credits.

A basic practical understanding of Forensic Accounting as a management tool. Prerequisites: AC-152.

AC-331. Intermediate Accounting Theory I. 3 Credits.

Traditional financial accounting topics, including recent developments by the leading professional accounting organizations. Prerequisites: AC-152.

AC-332. Intermediate Accounting Theory II. 3 Credits.

Traditional financial accounting topics, including recent developments by the leading professional accounting organizations. Prerequisites: AC-331.

AC-341. Advanced Accounting Theory. 3 Credits.

Study of specialized subject areas rounding out the accounting knowledge required by the beginning career accountant. Prerequisites: AC-332.

AC-420. Principles of IT Auditing. 3 Credits.

Principles of IT Auditing examined from the point of view of information systems and management. IT operations will be examined from both standalone and global environments. The Cobit framework will be introduced for auditing IT operations. Prerequisites: AC-151 OR IS-380 OR PERMISSION OF INSTRUCTOR.

AC-443. Cost Accounting. 3 Credits.

Study of cost accounting information systems and their importance as an essential management tool. Prerequisites: AC-332.

AC-444. Auditing Principles. 3 Credits.

Study of auditing standards associated with the examination of corporate accounts. Emphasis on audit objectives. Prerequisites: AC-332.

AC-455. Taxation. 3 Credits.

Practical understanding of the Federal Income Tax Law including the basic principles of the Law and their practical application. Prerequisites: AC-152.

AC-474. Accounting for Intercorporate Investment. 3 Credits.

Study of accounting for intercorporate investment parent-subsidiary relationships purchase vs pooling of interests indirect and reciprocal holdings. Prerequisites: AC-332.

BL Courses

BL-161. Introduction to Law and Contracts. 3 Credits.

Introduction to the legal system; the nature of contracts; the statute of frauds; assignment of contracts; methods of discharging obligations in contract; remedies upon breach of contract.

BL-162. Agency and Business Organization. 3 Credits.

The nature and creation of an agency relationship, a partnership, a corporation the rights and duties of the various parties the law of trade regulation and unfair competition. Prerequisites: BL-161.

BL-165. International Law and Property Rights. 3 Credits.

The key to international business success is minimizing risk. The course emphasizes the management of risk when doing business over great distances. Examines legal aspects of trade, intellectual property and foreign direct investment.

BL-241. Real and Personal Property. 3 Credits.

The nature of real and personal property methods of transferring title bailment duties and liabilities of common carriers rights of society trusts insurance security interest. Prerequisites: BL-161.

BL-250. Law and Ethics. 3 Credits.

BL-251. Uniform Commercial Code. 3 Credits.

Study of articles 1, 2, 3, 4 and 9 of the Uniform Commercial Code. Form and content of commercial paper bank deposits and collections security interest in personal property product liability. Prerequisites: BL-161.

BL-330. Negotiation and Conflict Resolution. 3 Credits.

This course focuses on the nature, cause, progression and resolution of conflicts and disputes. Particular emphasis will be placed on disputes involving commercial issues and businesses. Students will gain knowledge and apply techniques to facilitate, mediate and successfully resolve disputes over a range of situations. Methods of conflict de-escalation and pursuit of settlement through negotiation will be learned and applied. Prerequisites: BA-240 OR BL-161.

BL-333. Environmental Law. 3 Credits.

This course is designed to expose students to several environmental statutes including the Clean Air Act and the Pollution Control Law, as well as environmental sustainability. Prerequisites: BL-161.

BL-399. Tutorial. 1 Credit.

BL-421. Doing Business Overseas. 3 Credits.

This course is designed to expose students to the global business and legal environment through short-term study visits to selected overseas countries. The aim is to help participants develop a better and more practical understanding of the political, economic, legal and cultural environments of the countries visited. Prerequisites: BL-161 OR LW-155.

LW Courses

LW-155. Seminar in Contemporary Legal Issues. 3 Credits.

A course open to all students examining current legal issues in a seminar setting.This course will acquaint students with the issues that are at the forefront of the legal environment such as physician assisted suicide, legal issues relating to the world-wide web, capital punishment, drug laws and their enforcement, abortion and the law, affirmative action and race-conscious preferences, and sex offender notification laws.

LW-156. Legal Aspects of Health Care. 3 Credits.

Analysis of the legal aspects of health care, including general contracts, confidentiality of records, insurance liability, and malpractice.