Course Descriptions | Minnesota State University Moorhead

ACCT-230 - Principles of Accounting I - (3 Credits)

Prerequisites: None
LASC #: None

From a user's perspective, an introduction to the content and concepts underlying the three basic financial statements prepared by management for use by investors and creditors. Includes financial statement analysis.

Fall: All Years

Spring: All Years

Summer: All Years

ACCT-231 - Principles of Accounting II - (3 Credits)

Prerequisites: ACCT 230
LASC #: None

An introduction to the content and concepts of financial information for management's use in directing operations. Topics include cost behavior, product costing, actual and standard costs, cost-volume-profit analysis, relevant costs, operational and capital budgeting, and present value analysis.

Fall: All Years

Spring: All Years

Summer: All Years

ACCT-304 - Legal Environment of Business - (3 Credits)

Prerequisites: None
LASC #: None

Introduction to the American legal system, legal and regulatory environment of business, ethics and social responsibility, contracts, agency, and business organizations.

Fall: All Years

Spring: All Years

Summer: All Years

ACCT-306 - Contracts and Business Entities - (3 Credits)

Prerequisites: ACCT 304
LASC #: None

Study of contracts, agency, business organizations (including all forms of partnerships, corporations and limited liability companies), and securities regulation.

Fall: All Years

Spring: None

Summer: None

ACCT-321 - Employment Law - (3 Credits)

Prerequisites: ACCT 304
LASC #: None

An exploration of the legal nature of the employment relationship including contract and liability issues and major stages of the employment relationship, including hiring, evaluation and termination. Coverage includes antidiscrimination law and the Family and Medical Leave Act. Same as PARA 321.

Fall: On Demand

Spring: On Demand

Summer: On Demand

ACCT-330 - Intermediate Accounting I - (3 Credits)

Prerequisites: ACCT 231 OR MGMT 370
LASC #: None

Review of the accounting process and basic financial statements. Analysis of conceptual framework, working capital and fixed assets. Research using the Financial Accounting Research System (FARS). May be taken concurrently with ACCT 375 or MGMT 370.

Fall: All Years

Spring: All Years

Summer: None

ACCT-331 - Intermediate Accounting II - (3 Credits)

Prerequisites: ACCT 330
LASC #: None

Valuation and reporting of investments, liabilities, leases, pensions, deferred taxes, owners' equity/EPS and cash flows, including financial analysis and disclosures. Continues development of research skills using FARS.

Fall: All Years

Spring: All Years

Summer: None

ACCT-340 - Introduction to Taxation - (3 Credits)

Prerequisites: ACCT 231
LASC #: None

Outline of federal tax system: tax elements of business planning, including capital investment and employment decisions.

Fall: All Years

Spring: All Years

Summer: On Demand

ACCT-350 - Cost Accounting - (3 Credits)

Prerequisites: ACCT 231
LASC #: None

Emphasis on costing systems, including job order and process costing, joint and operation costing, ABC, variable costing and standard costing with variance analysis.

Fall: All Years

Spring: All Years

Summer: None

ACCT-375 - Accounting Systems - (3 Credits)

Prerequisites: ACCT 330 OR CSIS 104 ACCT 231
LASC #: None

Developing, organizing, and using accounting data in a computerized environment; emphasis on accounting applications using computerized spreadsheets, databases, and general ledger software.

Fall: None

Spring: All Years

Summer: None

ACCT-407 - Commercial Transactions, Property and Special Topics - (3 Credits)

Prerequisites: ACCT 304
LASC #: None

Fall: None

Spring: All Years

Summer: On Demand

ACCT-430 - Advanced Accounting - (3 Credits)

Prerequisites: ACCT 331
LASC #: None

Study of consolidations, partnerships, and other advanced topics. Continues development of research skills using FARS.

Fall: None

Spring: All Years

Summer: None

ACCT-432 - Advanced Accounting II - (3 Credits)

Prerequisites: ACCT 331
LASC #: None

This course presents various advanced topics in accounting. Topics may include: foreign currency transactions, translation of foreign currency financial statements, International Accounting standards, Accounting for liquidation, accounting for estates and trusts, and accounting for governmental and nonprofit entities. Course coverage may be modified to reflect current issues in the accounting area.

Fall: All Years

Spring: All Years

Summer: None

ACCT-441 - Tax Accounting I - (3 Credits)

Prerequisites: ACCT 231
LASC #: None

Outline of federal tax system. Introduction to concepts of gross income, exclusions, deductions, alternative minimum tax, tax credits, tax payment procedures, property transactions, accounting periods, accounting methods, deferred compensation, corporations and partnerships.

Fall: None

Spring: All Years

Summer: None

ACCT-443 - Tax Accounting II - (3 Credits)

Prerequisites: None
LASC #: None

Advanced topics in taxation, including income tax planning and income tax return preparation for corporations, S corporations, partnerships, limited liability companies, exempt entities, estates and trusts.

Fall: All Years

Spring: None

Summer: None

ACCT-446 - Estate, Gift and Trust Taxation - (3 Credits)

Prerequisites: ACCT 340
LASC #: None

Federal estate and gift tax; income taxation of estates and trusts; fundamentals of estate planning. Same as PARA 446.

Fall: All Years

Spring: None

Summer: None

ACCT-460 - Audit I - (3 Credits)

Prerequisites: ACCT 330
LASC #: W

Coverage includes the theory of auditing, generally accepted auditing standards, audit reports, quality control, ethical decisions, accountants' liability, fraud detection, audit objectives and procedures, management assertions, audit planning analytical review, risk analysis, internal control evaluation, and tests of controls.

Fall: All Years

Spring: None

Summer: None

ACCT-461 - Audit II - (3 Credits)

Prerequisites: ACCT 460
LASC #: None

Coverage includes the concepts of testing balances, auditing by cycles, audit sampling and applications, and compilation and review engagements. There will be additional coverage of generally accepted auditing standards, audit reports, quality control, fraud detection audit objectives and procedures, management assertions, audit planning, analytical review, risk analysis, internal control evaluation, and tests of controls. The course will include an integrated audit case.

Fall: None

Spring: On Demand

Summer: None

ACCT-469 - Internship - (1-12 Credits)

Prerequisites: ACCT 330
LASC #: None

A supervised practical experience in accounting. A maximum of 12 internship credits may be applied to the degree. Prequisites: ACCT 330 plus three Accounting credits above ACCT 330.

Fall: On Demand

Spring: On Demand

Summer: On Demand

ACCT-490 - Topics in Accounting - (1-3 Credits)

Prerequisites: None
LASC #: None

This course may be repeated since content may vary.

Fall: On Demand

Spring: On Demand

Summer: On Demand

ACCT-497 - Independent Study - (1-3 Credits)

Prerequisites: None
LASC #: None

Independent reading or research allowing an individual student to explore a specific topic under faculty supervision.

Fall: On Demand

Spring: On Demand

Summer: On Demand

ACCT-507 - Commercial Transactions, Property and Special Topics - (3 Credits)

Prerequisites: None
LASC #: None

Detailed study of Uniform Commercial Code (sales contracts, commercial paper and secured transactions), creditors' remedies, bankruptcy, property (real, personal and intellectual), bailments, trusts and estates, insurance law and professional responsibilities) Students will conduct research on various topics and write short case analyses. A term paper on a topic relevant to the course is required.

Fall: All Years

Spring: None

Summer: None

ACCT-532 - Advanced Accounting II - (3 Credits)

Prerequisites: None
LASC #: None

Fall: All Years

Spring: None

Summer: None

ACCT-541 - Tax Accounting I - (3 Credits)

Prerequisites: None
LASC #: None

Fall: None

Spring: All Years

Summer: None

ACCT-543 - Tax Accounting II - (3 Credits)

Prerequisites: None
LASC #: None

Fall: All Years

Spring: None

Summer: None

ACCT-561 - Audit II - (3 Credits)

Prerequisites: None
LASC #: None

Coverage includes the concepts of testing balances, auditing by cycles, audit sampling and applications, and compilation and review engagements. There will be additional coverage of generally accepted auditing standards, audit reports, quality control fraud detection audit objectives and procedures, management assertions, audit planning, analytical review, risk analysis, internal control evaluation, and tests of controls. The course will include an integrated audit case.

Fall: None

Spring: All Years

Summer: None

ACCT-590 - Topics in Accounting - ( Credits)

Prerequisites: None
LASC #: None

Fall: On Demand

Spring: On Demand

Summer: On Demand