2017-18 Undergraduate and Graduate Catalogs

Accounting

Accounting Program Mission

The mission of the Accounting Program is to prepare individuals to enter the accounting profession, to strengthen the skills of those already part of the work force, and to develop lifelong learning skills and professional relationships. Preparation for the accounting profession encompasses learning the functions of accounting, the underlying body of concepts that form accounting theory, and the application of these concepts to practical problems and situations. Since accounting inter-relates with other disciplines, the student is made aware of the multifaceted nature of business. Emphasis is placed on technical knowledge, problem analysis and solution, information systems, communication and ethics.

Accounting Program Goals and Outcomes

Goal Outcome
Demonstrate knowledge of and apply the principles and procedures of financial accounting.Know the conceptual framework of financial accounting and reporting.
Perform the steps in the accounting cycle.
Perform financial statement analysis and interpret results.
Recognize the effect of business transactions on the financial statements of a business.
Explain and use the elements of an accounting information system.
Know and apply generally accepted accounting principles.
Demonstrate knowledge of and apply the principles and procedures of managerial accounting.Know and apply the various cost systems.
Distinguish and analyze various cost classifications.
Use key cost and revenue measures and techniques.
Demonstrate knowledge of and apply auditing and attestation theories, standards and procedures.Differentiate the various attestation and other services.
Define and employ applicable attestation and other professional standards.
Prepare and interpret audit reports.
Describe the elements of internal control and their role in deterring fraud and achieving an organization’s goal.
Demonstrate and apply knowledge of federal taxation, ethics, professional and legal responsibilities, and business law.Know and apply the federal income tax concepts as they pertain to individuals.
Know and apply the federal income tax concepts as they pertain to business entities.
Define and account for other taxes (such as payroll tax, property tax, and sales tax) that impact business.
Identify advantages, implications, and constraints of legal structures for businesses.
Recognize legal issues as they pertain to agency, contracts, debtor-creditor relationships, government regulation of business, uniform commercial code, and real property.
Recognize other professional, legal, and ethical responsibilities.
Integrate skills related to technology, research, problem solving and communications.Research issues using the Internal Revenue Code, Financial Accounting Research Systems, AICPA pronouncements, and other professional literature.
Demonstrate the integration of accounting and spreadsheets
Demonstrate effective communication skills (written, oral, professional demeanor, etc.).
Demonstrate knowledge of and apply principles and procedures related to the following areas, if selected: fraud examination, governmental and not-for-profit accounting, and accounting information systems, managerial accounting, law or auditing.Know and apply principles and procedures related to areas of student interest or student career goals.

Bachelor of Science with a Major in Accounting (120 CR)

The accounting major is designed to provide a basic level of expertise in accounting theory and practice. The student has the opportunity to complete additional courses in fraud examination, cost accounting, business law, auditing, not-for-profit accounting, and accounting information systems. The student may elect courses in anticipation of sitting for various professional examinations in the field of accounting or to provide additional background for a specific career track. Internships are also available to provide practical experience in diverse accounting fields.

North Dakota law requires persons sitting for the CPA professional examination to have completed 150 semester hours of college education, which includes a baccalaureate degree. Students interested in becoming CPAs should be prepared to extend their programs of study by at least 22 semester hours at the undergraduate or graduate levels to meet this requirement.

General Education
General Education courses38-40
College of Business Required General Education Courses
Principles of Microeconomics
Principles of Macroeconomics
Elementary Statistics
College of Business Core Requirements
ACCT 200Elements of Accounting I3
ACCT 201Elements of Accounting II3
ACCT 300
BADM 301Fundamentals of Management3
BADM 321Marketing3
BIT 220Management Information Systems3
BIT 318Business Communication3
BOTE 247Spreadsheet Applications3
FIN 353Corporation Finance3
Courses Required for Accounting Major
ACCT 301Intermediate Accounting I3
ACCT 302Intermediate Accounting II3
ACCT 303Intermediate Accounting III3
ACCT 321Managerial Accounting3
ACCT 331Business Law I3
ACCT 401Advanced Accounting I3
ACCT 411Taxation of Individuals3
ACCT 412Taxation of Property Transactions and Business Entities3
ACCT 430Auditing/Assurance Concepts & Practices3
ACCT 480Controllership3
Select at least 11 credits from the following: 11
Legal Environment of Business,Government/Not-For-Profit Accounting
Business Law II
Energy Law
Fraud Examination
Accounting Information Systems
Advanced Auditing & Assurance
Accounting Internship
Special Topics
Money and Banking
Investments
Advanced Corporate Finance
Entrepreneurial Finance
Financial Analysis and Valuation
Electives 11
(To meet the 120 SH graduation requirement)
Total Hours114-116

Accounting Minor

ACCT 200Elements of Accounting I3
ACCT 201Elements of Accounting II3
ACCT 301Intermediate Accounting I3
ACCT 302Intermediate Accounting II3
ACCT 321Managerial Accounting3
Select two of the following: 6
Intermediate Accounting III
Government/Not-For-Profit Accounting
Taxation of Individuals
Taxation of Business Entities
Total Hours21

Fraud Examination Minor

ACCT 200Elements of Accounting I3
ACCT 201Elements of Accounting II3
ACCT 351Fraud Examination3
ACCT 360Accounting Information Systems3
CJ 226Introduction to Criminal Investigation3
CJ 330Criminological Theory3
CJ 322Criminal Law3
CJ 450White-Collar Crime3
Total Hours24

Accounting Concentration (Non-Business Majors)

ACCT 200Elements of Accounting I3
ACCT 201Elements of Accounting II3
Select two of the following: 6
Intermediate Accounting I
Government/Not-For-Profit Accounting
Managerial Accounting
Taxation of Individuals
Total Hours12