120 Accounting

No Accounting courses may be taken on a credit/no credit basis by an Accounting Major, except 120:169, 120:170, and 120:179.

120:030. Principles of Financial Accounting -- 3 hrs.
Introduction to reporting financial information regarding the operating, investing and financing activities of business enterprises to present and potential investors and creditors and others. Regression note: Subsequent to successfully completing a 100-level Accounting course, neither 120:030 nor 120:031 may be repeated. Prerequisite: registration requires a cumulative UNI GPA of 2.20 or better, or the equivalent; sophomore standing. (Offered Fall, Spring, and Summer)

120:031. Principles of Managerial Accounting -- 3 hrs.
Introduction to processes leading to information useful to decision-makers responsible for an accounting entity's activities. Includes cash flow and financial statement analysis, cost behavior, and budgeting. Regression note: Subsequent to successfully completing a 100-level Accounting course, neither 120:030 nor 120:031 may be repeated. Prerequisites: C- or better in 120:030; sophomore standing. (Offered Fall, Spring, and Summer)

120:129. Intermediate Accounting I -- 3 hrs.
Review of the accounting cycle and present/future value concepts and the study of the theory and practice of financial accounting for assets and related items. Prerequisites: 120:030; 120:031; junior standing. (Offered Fall, Spring, and Summer)

120:130. Intermediate Accounting II -- 3 hrs.
Study of the theory and practice of accounting for liabilities and owner's equity, revenue recognition, accounting changes and error corrections, and statements of cash flow. Prerequisites: 120:030; 120:031; 120:129; junior standing. (Offered Fall, Spring, and Summer)

120:131. Cost Accounting -- 3 hrs.
Management use of accounting data to aid in product costing, performance measurement, budgeting, and other operating decisions. Prerequisites: 120:030; 120:031; junior standing. (Offered Fall and Spring)

120:132. Income Tax -- 3 hrs.
Federal taxes as applied to individuals and businesses; emphasis on individual returns, income and expense recognition, and property transactions. Prerequisite: junior standing. (Offered Fall)

120:134. Auditing -- 3 hrs.
Principles, practices, and procedures used to determine reliability of financial records and statements. Prerequisites: 120:030; 120:031; 120:129; 120:130; junior standing. (Offered Fall and Spring)

120:135(g). Advanced Accounting -- 3 hrs.
Accounting for business combinations, foreign currency translation, consolidations, and governmental and not-for-profit units. Prerequisites: 120:030; 120:031; 120:129; 120:130; junior standing. (Offered Spring)

120:136. Computerized Accounting Systems -- 3 hrs.
Introduction to business information and communication systems with an emphasis on how computers are incorporated into business systems; includes computer cases and electronic spreadsheets. Prerequisites: 120:030; 120:031; 120:129; 150:080; junior standing. (Offered Fall and Spring)

120:139(g). Government and Not-for-Profit Accounting -- 3 hrs.
Introduction to governmental and not-for-profit accounting, financial reporting, and managerial control concepts, processes, and procedures. Prerequisites: 120:030; 120:031; junior standing. (Offered Fall and Spring)

120:141(g). Advanced Cost Accounting -- 3 hrs.
Continuation of 120:131. Emphasis on cost techniques necessary for management decision making. Prerequisites: 120:030; 120:031; a C- or better in 120:131; junior standing. (Offered Spring)

120:142. Advanced Income Tax -- 3 hrs.
Advanced phases of income taxation as related to partnerships and corporations and estate and gift taxes; problems which require investigation of concepts and theories of taxable income. Prerequisites: 120:132; junior standing. (Offered Spring)

120:144. VITA: Individual Income Tax Preparation -- 1 hr.
VITA, an acronym for Volunteer Income Tax Assistance, is a nationwide program sponsored by the Internal Revenue Service. VITA volunteers prepare federal and state income tax returns, at no charge, for primarily low-income individuals. The course is designed to give students an experiential learning opportunity. May be repeated for a maximum of 3 hours. Prerequisite: 120:132. (Offered Spring)

120:148. C.P.A. Review -- 3 hrs.
Designed to aid candidates in developing approaches to solutions of problems and answers to questions in the CPA examinations. Prerequisites: 120:030; 120:031; 120:129; 120:130; 120:134; junior standing. (Offered Spring)

120:150. Auditing Review -- 1 hr.
Intensive review of auditing concepts to prepare accounting students for the Auditing section of the CPA examination. Prerequisites: 120:030; 120:031; 120:129; 120:130; 120:134; junior standing. (Offered Spring)

120:169. Internship -- Accounting -- 2-8 hrs.
Full-time accounting internship for minimum of eight weeks. Offered on credit/no credit basis only. Prerequisites: 2.70 cumulative UNI GPA; junior standing; consent of department head. (Offered Fall, Spring, and Summer)

120:170(g). Special Problems -- Accounting -- 1-3 hrs.
Directed readings, reports, and/or projects. Offered on credit/no credit basis only. Prerequisites: junior standing; consent of department head. (Offered Fall, Spring, and Summer)

120:179. Cooperative Education in Accounting -- 1-3 hrs.
Offered on credit/no credit basis only. May be repeated for a maximum of 6 hours. (Offered Fall, Spring, and Summer)

120:214. Applied Professional Research -- 3 hrs.
Emphasizes substantive accounting and auditing questions that arise in practice. Professional research methods will be used to solve cases. Teamwork, communication and analytical skills required of contemporary practitioners will be developed. Prerequisites: 120:134; admission to MAcc program. (Offered Spring)

120:229. Financial Accounting Theory -- 3 hrs.
Examination of the conceptual underpinnings of accounting and the development of those concepts and the discussion of accounting issues as related to contemporary financial reporting. Prerequisite: admission to the MAcc Program. (Offered Fall)

120:236. Advanced Accounting Systems -- 3 hrs.
Builds upon the background provided by the Computerized Accounting Systems course and the Introduction to MIS course. It develops an integrating framework to illustrate the evolving role of current and emerging information technologies in supporting accounting and business activities. Prerequisites: 120:136; 150:080; admission to the MAcc Program. (Variable)

120:240. Advanced Auditing -- 3 hrs.
Examination of selected professional issues that will be confronted in practice. Specific topical coverage will vary as contemporary issues emerge. Prerequisites: 120:134; admission to the MAcc Program. (Formerly 120:140g.) (Offered Fall)

120:242. Advanced Tax Topics -- 3 hrs.
Advanced issues related to income taxation of corporations, partnerships, S corporations and fiduciaries, and estate and gift taxes are covered. Emphasis is on conceptual understanding and problem solving. Prerequisites: 120:132; admission to the MAcc Program. (Offered Spring)

120:243. Tax Research and Planning -- 3 hrs.
Study and application of the research methodologies related to tax compliance and tax planning work commonly performed by accountants. Prerequisites: 120:132; admission to the MAcc Program. (Formerly 120:143g.) (Offered Fall)

120:262. Managerial Accounting -- 3 hrs.
Use of accounting data in managerial decision-making process and in the analysis and control of business operation. Prerequisites: 120:030 and 120:031, or equivalent; consent of MBA Director or Macc Coordinator. (Offered Fall)

120:263. Cost Management -- 3 hrs.
Study of the development and implementation of cost management systems that support operations in "World Class" manufacturing, service, and other organizations. Includes activity-based costing, costs of quality, strategic control systems, and management control systems. Prerequisites: 120:131; admission to the MAcc Program. (Offered Spring)

120.269. Graduate Internship in Accounting — 3 hrs.
Offers students enrolled in the Master of Accounting Program an opportunity to apply classroom learning in a professional accounting environment. Prerequisites: admission to the MAcc Program; consent of the Macc Coordinator. (Offered Fall, Spring, and Summer)

120:280. Topics in Accounting -- 1-3 hrs.
May be repeated for a maximum of 6 hours. Anticipated typical credit of 1 hour. Selected topics in Accounting. Prerequisite: consent of MBA Director or admission to the MAcc Program. (Offered Fall, Spring, and Summer)

120:285. Individual Readings -- 1-4 hrs.
Directed readings and reports. May be repeated for a maximum of 4 hours. Prerequisites: consent of MBA Director and department head,or consent of the MAcc Coordinator. (Offered Fall, Spring, and Summer)

120:289. Seminar in Contemporary Issues in Accounting -- 3 hrs.
Seminar on topics offered on a rotating basis. Offerings include contemporary issues in auditing, tax planning, international tax and accounting, and accounting theory. Course may be repeated for additional credit one time. Prerequisite: consent of MBA Director or admission to the MAcc Program. (Variable)

120:299. Research -- 1-6 hrs.
Prerequisites: consent of MBA Director and department head,or consent of the MAcc Coordinator. (Offered Fall, Spring, and Summer)