An introduction to the use and interpretation of financial information needed to be a functioning member of society. Topics include business and non-business financial statements, compound interest related to loans and investment opportunities, banking transactions, personal financial statements, and the basic impact of Federal taxes on personal financial decisions. Prerequisite: Completion of a Goal Area 4 course. Liberal Education Goal Areas 5 & 9. NOTE: On-campus/Online course rotation information can be found at: https://www.bemidjistate.edu/academics/departments/accounting/student-resources/course-rotation/
Common Course Outline

ACCT 1200 Introduction to Accounting & How to file your own Tax Return (3 credits)

This course is an introduction to basic concepts and standards underlying financial accounting systems using GAAP Principles including analyzing, summarizing, reporting, and interpreting financial information. Topics will include: ethics in accounting, accounting cycle, revenue recognition, the accounting equation, double entry framework, journalizing and posting transactions, adjusting entries, financial statements, the closing process, and U.S. Tax Bracket history and how to file a Federal 1040 Tax Return.
Common Course Outline

ACCT 2101 Principles of Accounting I (3 credits)

Modern accounting concepts including financial statement preparation, internal controls, short and long term assets, and introduction to corporations. Prerequisite(s): MATH 1170 or consent of instructor.
Common Course Outline

ACCT 2102 Principles of Accounting II (3 credits)

An introduction to management accounting topics, including costing systems, cost-volume-profit analysis, incremental analysis, standard cost and variance analysis, budgetary planning and control, and capital budgeting. Prerequisite(s): ACCT 2101.
Common Course Outline

ACCT 2590 Sustainability Measures (1 credits)

An Exploration of how organizations can meet the triple bottom line: strong profits, healthy environment, and vital communities.
Common Course Outline

ACCT 3110 Accounting Systems (3 credits)

The theory and methodology of analyzing, designing, and implementing accounting information systems. Emphasizes integrated general ledger application software and the managerial aspects of systems design. Prerequisites: ACCT 2102 and BUAD 2280.
Common Course Outline

ACCT 3117 Managerial Analysis (3 credits)

Explanation of how accounting data can be interpreted and used by management in planning and controlling business activities. Course is not open to accounting majors. Course is not acceptable as a business administration elective if Cost Accounting I or II is completed. Prerequisite: ACCT 2102.
Common Course Outline

ACCT 3118 Financial Statement Analysis (3 credits)

Comparisons of items on the financial statements of modern business concerns to determine their strengths and weaknesses. Methods include vertical and horizontal analysis, ratio analysis, and the interpretation of financial statement disclosures. Not recommended for accounting majors. Prerequisite: ACCT 2102.
Common Course Outline

ACCT 3140 Fraud Examination (3 credits)

Principles and methodology of fraud prevention, detection, and deterrence. Topics include the nature of fraud and the fraud triangle, the symptoms of fraud, and different fraud schemes, including financial statement fraud, skimming, disbursement schemes, billing schemes, misappropriations, and corruption. Prerequisites: ACCT 2101 and ACCT 2102.
Common Course Outline

ACCT 3201 Intermediate Accounting I (3 credits)

Emphasizes the accounting theory upon which financial accounting is based by studying the fundamental interrelationships within the financial statements. Also includes detailed study of current and long-term assets. Prerequisites: ACCT 2101, ACCT 2102, and MATH 1170.
Common Course Outline

ACCT 3202 Intermediate Accounting II (3 credits)

A detailed study of the statement of cash flows plus several complex financial accounting topics. Prerequisite: ACCT 3201 and BUAD 2280.
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ACCT 3300 Government Accounting (3 credits)

Introduction to state and local government accounting, and accounting for colleges, hospitals, and other not-for-profit organizations. Accounting follows the pronouncements of the Government Accounting Standards Board and the Financial Accounting Standards Board. Prerequisite: ACCT 2102.
Common Course Outline

ACCT 3301 Cost Accounting I (3 credits)

Fundamentals of cost accounting information systems, including cost-volume-profit relationships, costing in the service and manufacturing sectors, cost behavior, and budget variance analysis. Prerequisites: ACCT 2102, ENGL 1151, and (ENGL 2152 or ENGL 3150), or consent of instructor.
Common Course Outline

ACCT 3302 Cost Accounting II (3 credits)

Refinements of cost accounting information systems, including management control systems, cost allocation refinements, capital budgeting, and performance measurement. Prerequisite: ACCT 3301.
Common Course Outline

ACCT 3322 Business Law (3 credits)

A study of sales, secured transactions, negotiable instruments, accountants' legal liability, securities regulation, debt or/creditor relations, antitrust, property, consumer protection, environmental protection, and trusts and estates. Prerequisite: BUAD 2220.
Common Course Outline

ACCT 3404 Income Taxes I (3 credits)

The federal income tax laws and regulations concerning taxable income and computation of tax as they affect individuals. Prerequisites: ACCT 2102, ENGL 1151, and ENGL 2152 or ENGL 3150, or consent of instructor.
Common Course Outline

ACCT 3405 Income Taxes II (3 credits)

The federal income tax laws and regulations concerning taxable income and computation of tax as they affect corporations, estates, and trusts. Prerequisite: ACCT 3404.
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ACCT 4110 Advanced Accounting (3 credits)

Accounting for partnerships, combined corporate entities, consolidated statements, foreign currency transactions, interim financial statements, segment reporting, fiduciary accounting, and SEC reporting. Prerequisite: ACCT 3202.
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ACCT 4150 Advanced Accounting Systems (3 credits)

In-depth coverage of advanced accounting information systems topics that will be critical for future accounting professionals. These include awareness and exposure to SEC coding - XBRL, the use of data analytics in accounting for management support, auditing engagements, internal control tools, etc., advanced excel skills such as pivot tables and lookups, and exposure to an Enterprise Resource Planning system (ERP) used by the vast majority of mid-size and large enterprises throughout the world. Prerequisite(s): Acceptance into the Master of Professional Accountancy (MPA) program.
Common Course Outline

ACCT 4210 Auditing I (3 credits)

Duties and responsibilities of an auditor, kinds of audits, and audit programs. Preparation of audit working papers and compilation of audit data. Prerequisites: ACCT 3202 and ACCT 3302.
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ACCT 4217 Financial Accounting and Reporting (FAR) (3 credits)

Concepts and standards for financial statements, typical items in financial statements, specific types of transactions and events, accounting and reporting for governmental agencies, and accounting and reporting for non-governmental and not-for-profit organizations. Course intended primarily for Certified Public Accountant candidates. Prerequisite: ACCT 3202. Might not be offered every year.
Common Course Outline

ACCT 4307 Seminar in Management Accounting (3 credits)

Integrates economics and business finance, organization and behavior, including ethical considerations, public reporting standards, auditing and taxes, periodic reporting for internal and external purposes, and decision analysis, including modeling and information systems. Designed for students interested in careers in management accounting and the Certificate in Management Accounting (C.M.A.). Prerequisite: Senior status and consent of instructor. Might not be offered every year.
Common Course Outline

ACCT 4310 Auditing & Attestation (AUD) (3 credits)

Planning the auditors engagement with clients, evaluating internal controls, obtaining and documenting information, reviewing engagements, evaluating information, and preparing communications. Course intended primarily for Certified Public Accountant candidates. Prerequisite: ACCT 4210 or consent of instructor.
Common Course Outline

ACCT 4323 Business Law, Ethics & Tax Regulation (REG) (3 credits)

The advanced study of ethics and professional responsibility, business law, Federal tax procedures and accounting issues, Federal taxation of property transactions, and Federal taxation for individuals and entities. Course intended primarily for Certified Public Accountant candidates. Prerequisites: ACCT 3322, ACCT 3404 and BUAD 2220.
Common Course Outline

ACCT 4510 Business Environment and Concepts (BEC) (3 credits)

Knowledge of business structures, economic concepts, financial management, information technology, and planning and measurement. Course intended primarily for Certified Public Accountant candidates. Prerequisites: ACCT 3110, ACCT 3202, ACCT 3300, ACCT 3302.
Common Course Outline

ACCT 4600 Senior Seminar: Accounting (1 credits)

Course consists of recommended common professional components (major core courses required for both Accounting and Business Administration majors), and preparation for and completion of assessment exams for all Accounting majors. Assessment exams measure student knowledge of required basic core courses in accounting, economics, business law, statistics, computer business applications, management, marketing, finance, and strategic management. Test results allow the Accounting department to compare departmental with national student outcomes and implement subsequent curriculum improvements. This course is required of all Accounting, B.S. majors. Prerequisites: Completion of the required basic core. Course must be taken during the students last term of enrollment and graduation must follow at the end of that term.
Common Course Outline

ACCT 4917 DIS Tchg Assoc | (1-2 credits)

Directed Independent Study | Teaching Associate
Common Course Outline

ACCT 4970 Internship (2-12 credits)

See all university descriptions
Common Course Outline