Accounting (ACCT) ACCT-2110 Principles of Accounting I–Fa, Sp 3 hours An introduction to accounting for business organizations with an emphasis on financial statement preparation and interpretation. Topics include the accounting cycle, present value, and accounting for stock and debt instruments. Prerequisite: Sophomore status. ACCT-2120 Principles of Accounting II–Fa, Sp 3 hours A continuation of accounting for business organizations. Topics include cash flow statements, investments, and managerial accounting concepts. Prerequisite: ACCT-2110 Principles of Accounting I. ACCT-3110 Intermediate Financial Accounting I–Fa 3 hours Theoretical concepts and accounting standards that form the basis for accounting practices, financial statement preparation, and analysis. Topics include financial statement formats, present value, and accounting for receivables and inventory. Prerequisite: ACCT-2120 Principles of Accounting II. ACCT-3120 Intermediate Financial Accounting II–Sp 3 hours Continuation of theoretical concepts and accounting standards that form the basis for accounting practices and financial statement preparation and analysis. Topics include: accounting for fixed assets, intangible assets, current liabilities, long-term debt, and stockholders’ equity. Prerequisite: ACCT-3110 Intermediate Financial Accounting I. ACCT-3150 Accounting Information Systems–Fa 3 hours A study of the flow of information through the accounting system, emphasizing systems analysis and design, internal controls, and computer applications in the business environment. Prerequisites: ACCT-2120 Principles of Accounting II; Junior status. ACCT-3170 Managerial Accounting–Fa 3 hours Principles of industrial and distribution cost accounting, job order and process cost systems, and standard costs. Prerequisite: ACCT-2120 Principles of Accounting II. ACCT-3410 Topics in Accounting–Fa, Sp, Su 1–3 hours A variety of topics are covered under this heading on an experimental basis. This allows the department to meet the changing needs of the students without formally adding or dropping courses. ACCT-4110 Federal Income Taxes–Fa 3 hours Examines the computation of federal income tax liabilities for individuals and sole proprietorships. Typical course content includes income, exclusions, exemptions, deductions, credits, property transactions, and tax accounting methods. Introduces basic principles of tax research and planning Prerequisite: ACCT2120 Principles of Accounting II. ACCT-4120 Auditing–Sp 3 hours A study of auditing standards and related auditing procedures. Topics include evaluation of audit evidence, professional responsibilities, and auditors’ reports and opinions. Prerequisite: ACCT-3110 Intermediate Financial Accounting I. ACCT-4130 Advanced Financial Accounting–Sp 3 hours A study of consolidated financial statements, foreign exchange, estates and trusts, branch accounting, and related problems. Prerequisite: ACCT-3110 Intermediate Financial Accounting I. ACCT-4150 3 hours Government and Nonprofit Accounting–Fa Accounting and reporting principles, standards, and procedures applicable to nonprofit organizations. Prerequisite: ACCT-3120 Intermediate Financial Accounting II or permission of instructor. ACCT-4170 Advanced Managerial Accounting–Sp 3 hours Advanced topics in accounting for manufacturing companies and the use of the computer in cost accounting applications. Prerequisite: ACCT-3170 Managerial Accounting. ACCT-4210 Taxation of Business Entities–Sp 3 hours An examination of the tax provisions governing C Corps, S Corps, partnerships, and estates. Analyzes international and multistate taxation of corporations. Prerequisite: ACCT-4110 Federal Income Taxes. ACCT-4220 International Accounting–Upon Demand 3 hours This course offers information about global accounting diversity and the reasons for it. International Financial Reporting Standards (IFRS) are discussed along with the history of international standard development. Foreign currency exchange rates, transactions, and hedging are covered. Students also do research into accounting in multinational corporations. Prerequisites: ACCT-2110 Principles of Accounting I; ACCT-2120 Principles of Accounting II. ACCT-4810 Seminar in Accounting–Sp 1 hour A forum for discussion of contemporary topics and issues in accounting. Current issues will be chosen from topics in financial and managerial accounting, auditing, tax, and governmental and nonprofit accounting. Prerequisites: ACCT-3170 Managerial Accounting; ACCT-4110 Federal Income Taxes; ACCT-4120 Auditing. Air Force ROTC (AES) Air Force ROTC courses are offered through Cedarville University in collaboration with the Air Force ROTC detachment located at Wright State University. While Air Force ROTC courses are included in the Cedarville University course schedule for registration purposes, leadership laboratories and classes are usually conducted on the campus of Wright State University. Cedarville University provides transportation for off-site classes. AES-1210,1220 1 hour/sem Foundations of the United States Force I (Fa) and II (Sp) (AS 100), These courses are survey courses designed to introduce students to the United States Air Force and provides an overview of the basic characteristics, missions, and organization of the Air Force. AES-1211/1221 0 hours General Military Course (GMC) Leadership Laboratory–Fa, Sp This lab provides an opportunity for students to apply Air Force procedures, techniques, and knowledge. Students will learn the Air Force organizational structure as well as customs and courtesies. GMC cadets will also develop their followership and teamwork skills in a cadet-led, cadre-supervised lab environment. Taken concurrently with 1000-level AES courses. Credit/no credit. AES-2210,2220 1 hour/sem Evolution of USAF Air and Space Power I (Fa) and II (Sp) (AS 200) These courses feature topics on Air Force heritage and leaders; introduction to air power through examination of the Air Force Core Functions; and continued application of communication skills. Its purpose is to instill an appreciation of the development and employment of air power and to motivate sophomore students to transition from AFROTC cadet to AFROTC officer candidate. AES-2211/2221 0 hours Field Training Preparation Leadership Lab (FTP)–Fa, Sp This lab further develops skills and concepts introduced in the GMC Leadership Laboratory. Students are prepared mentally and physically for the demanding requirements of the upcoming Field Training summer program. Training is cadet-led, where the students will display their ability to apply Air Force concepts and procedures. Taken concurrently with 2000-level AES courses. Credit/no credit. AES-2500 Extended GMC Leadership Laboratory 0 hours This course is for cadets who have met the requirements of GMC but have not yet completed field training. Page 214 2024–25 Undergraduate Academic Catalog Course Descriptions ACCT-2110 – AES-2500
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