Accounting

ACCT 2100           Principles of  Accounting                                                             3 cr.
Offered each semester. Not open to students in remedial English or remedial mathematics. Not open to freshmen. An introduction to the accounting model and financial statement preparation with emphasis on the concepts and terminology needed to understand a typical corporate report. Topics covered include: current and long-term assets current and long-term liabilities, stockholders' equity, revenues and expenses.

ACCT 2130           Management Accounting                                                                            3 cr.
Offered each semester. Prerequisite: ACCT 2100. Not open to freshmen. Not for credit toward a degree in Accounting. A study of the accounting process of the firm and its role in managerial planning, control, and decision-making; analysis and interpretation of financial statements.

ACCT 3090           Internship in Accounting                                                                              3 cr.
Students will engage in at least ten hours per week at the site of an assigned participating organization that directs the interns in specific projects relating to their majors. Students wishing to take this course should apply during the semester prior to the internship. May be taken up to 2 times for a total of 6 credits, of which only 3 credits can apply toward a B.S. degree in Accounting.  Pass/Fail grading.

ACCT 3091           Internship in Accounting                                                                                                       6 cr.
Prerequisite: consent of department. Students will engage in work at the site of an assigned participating organization that directs the interns in specific projects relating to their majors.  Students wishing to take this course should apply during the semester prior to the internship.  Students working 30 hours or more per week may receive six hours credit in one semester, of which only three hours can apply toward a B.S. degree in Accounting.  This course may not be repeated for credit.  Students may not receive credit for both ACCT 3091 and ACCT 3090.  Pass/Fail grading.

ACCT 3120           Accounting Lab                                                                 1 cr.
Prerequisite: ACCT 2100 and concurrent enrollment in or credit for BA 2780. Practical applications of the accounting cycle and internal controls using a practice case. The class meets for two hours once a week.

ACCT 3121           Intermediate Accounting I                                                                          3 cr.
Offered each semester. Prerequisite: completion of ACCT 2100 with a grade of C or better. Not open to freshmen. A study of financial accounting with emphasis on the asset section of the balance sheet.

ACCT 3122           Intermediate Accounting II                                         3 cr.
Offered each semester. Prerequisite: completion of ACCT 3121 with a grade of C or better. A study of financial accounting with emphasis on the liability and owner's equity sections of the balance sheet and the statement of cash flow.

ACCT 3123           Advanced Financial Accounting                                3 cr.
Offered each semester. Not open to freshmen. Prerequisite: Accounting 3122 with a grade of C or better and Accounting 3120. Financial accounting theory, concepts, methodology, and structure. Topics covered will include partnerships, business combinations, consolidations, and SEC reporting problems.

ACCT 3124           Governmental Accounting                                                          3 cr.
Offered each semester. Prerequisite: Completion of ACCT 3121 with a grade of C or better. Financial accounting theory, concepts, methodology, and structure. Topics covered, in addition to governmental accounting, include not-for-profit accounting, international accounting, estates and trusts, insolvency and troubled debt restructuring.

ACCT 3131           Cost Accounting I                                                             3 cr.
Offered each semester. Prerequisite: six hours of accounting. An introduction to the development and use of accounting information for internal business decisions. Topics include: cost terminology and classifications, methods of cost accumulation and analysis, budgets and standard costs, cost-volume-profit relationships, and other accounting fundamentals for production, marketing, and financing decisions.

ACCT 3141           Accounting Information Systems                                                                             3 cr.
Offered each semester. Prerequisites: BA 2780 and three semester hours of accounting. Not open to freshmen. The integration of information flows of various segments of a business organization into an information system of the total organization, with emphasis on the accounting aspects of electronic data processing.

ACCT 3152           Tax Accounting I                                                                               3 cr.
Offered each semester. Prerequisite: six hours of accounting. A comprehensive study of federal income tax concepts for the development of income and related deductions. The impact of tax considerations in business decisions.

ACCT 3161           Auditing                                                                              3 cr.
Offered each semester. Prerequisites: ACCT 3122 with a grade of C or better or consent of department. Auditing ethics, standards, and procedures and their application by independent public accountants.

ACCT 3191           Independent Study                                                                        1 min. cr. - 3 max. cr.
Offered each semester. Prerequisite: approval of the directed individual study by the department chair and the supervising professor is required prior to registration. The student should refer to the College of Business Administration policy on undergraduate directed individual study available in the Accounting Department. The course is arranged individually in order to provide latitude for specialized study and research under the direction of a faculty member. Progress reports, readings, conferences, and research paper are required. May be taken up to 6 times for a total of 6 credits.

ACCT 3999           Senior Honors Thesis                                                     1 min. cr. - 6 max. cr.
Offered each semester. This course is open to Honors Students only, with admission by approval of the Directors of the Honors Program in Accounting and the University Honors Program. May be taken up to 6 times for a total of 6 credits until a thesis is accepted following oral defense.

ACCT 4142           IT Auditing & Advanced Accounting Information Systems                               3 cr.
Prerequisite: ACCT 3141 or equivalent. Information systems and accounting theory applied to advanced computerized information (information technology or IT) systems with emphasis on internal controls and auditing techniques.

ACCT 4152           Tax Accounting II                                                             3 cr.
Offered each semester. Prerequisite: Accounting 3152 . Research methods in taxation. Intensive treatment of tax problems of partnerships, corporations, and fiduciaries. Study of federal estate and gift taxes.

ACCT 4154           Estate and Gift Taxation                                                                               3 cr.
Prerequisite: ACCT 4152 or consent of department. Taxation of gratuitous transfers under the federal estate and gift tax code. Emphasis will be given to the community property laws of Louisiana as they influence gift and estate taxation.

ACCT 4162           Advanced Auditing                                                                         3 cr.
Prerequisite: ACCT 3161. Current auditing concepts and prospective developments in professional and internal auditing. Cases and readings used to illustrate applications of auditing standards, statistical sampling, professional ethics, and legal liability.

ACCT 4167           Internal Auditing                                                                                                             3 cr.
Prerequisite: ACCT 3122 (with a grade of C or better) and consent of department. A study of internal auditing ethics, standards, and concepts. Students should apply a semester in advance for consent of the department. Students taking this course for graduate credit must complete an additional course project. Credit will not be given for both ACCT 4167 and 6167.

ACCT 4168           Operational Auditing                                                                     3 cr.
Prerequisite: ACCT 3122 (with a grade of C or better) and consent of department. Operational, efficiency, and effectiveness audits, and relevant internal auditing standards. Cases and readings used to illustrate internal auditing standards and applications of internal audit practices. Students taking this course for graduate credit must complete an additional course project. Credit will not be given for both ACCT 4168 and 6168.

ACCT 4180           Oil and Gas Industry: Accounting Problems                                                                         3 cr.
Prerequisite: six hours of accounting or consent of department. A study of current reporting practices and problems associated with accounting in the oil and gas industry. A review of the industry reporting requirements to state agencies, federal agencies, economic interest holders from both the operator and nonoperator points of view, as well as general purpose financial statements.

ACCT 4190           Contemporary Accounting Topics                                            3 cr.
Prerequisite: consent of department. A study in depth of one or more subjects currently of concern in the field of accounting. May be repeated for credit when the topics vary. No more than six semester hours of credit will be allowed.

ACCT 4195           Internship in Internal Auditing                                  1 min. cr. - 3 max. cr.
Prerequisite: Accounting 4167 and consent of department. (Pass/Fail) At least ten hours per week of learning experience under the general supervision of a faculty member and direct supervision of a professional internal audit manager or director. Students desiring to take this course should apply a semester in advance since enrollment is limited by the internships available. Pass/Fail grading is based on a written report by the professional supervisor, a written report by the student, and the faculty member's evaluation. Accounting majors cannot use this course as an accounting elective for degree credit. This course is not open for graduate credit.  May be taken up to a 3 times for a total of 3 credits.

ACCT 4400           Survey of Financial Accounting                                                 3 cr.
A user-oriented approach to the fundamentals of financial accounting. Emphasis will be placed on the interpretation of financial information and on the measurement of product costs as well as the consequences of business decisions. Not open to College of Business undergraduate majors or to graduate accounting students. This course may not be taken for graduate credit.

ACCT 5142           IT Auditing & Advanced Accounting Information Systems                            3 cr.
Prerequisite: ACCT 3141 or equivalent. Information systems and accounting theory applied to advanced computerized information (information technology or IT) systems with emphasis on internal controls and auditing techniques.

ACCT 5152           Tax Accounting II                                                                             3 cr.
Offered each semester. Prerequisite: Accounting 3152 . Research methods in taxation. Intensive treatment of tax problems of partnerships, corporations, and fiduciaries. Study of federal estate and gift taxes.

ACCT 5154           Estate and Gift Taxation                                                                               3 cr.
Prerequisite: ACCT 4152 or consent of department. Taxation of gratuitous transfers under the federal estate and gift tax code. Emphasis will be given to the community property laws of Louisiana as they influence gift and estate taxation.

ACCT 5162           Advanced Auditing                                                                         3 cr.
Prerequisite: ACCT 3161. Current auditing concepts and prospective developments in professional and internal auditing. Cases and readings used to illustrate applications of auditing standards, statistical sampling, professional ethics, and legal liability.

ACCT 5167           Internal Auditing                                                                             3 cr.
Prerequisite: ACCT 3122 (with a grade of C or better) and consent of department. A study of internal auditing ethics, standards, and concepts. Students should apply a semester in advance for consent of the department. Students taking this course for graduate credit must complete an additional course project. Credit will not be given for both ACCT 4167 and 6167.

ACCT 5168           Operational Auditing                                                                             3 cr.
Prerequisite: ACCT 3122 (with a grade of C or better) and consent of department. Operational, efficiency, and effectiveness audits, and relevant internal auditing standards. Cases and readings used to illustrate internal auditing standards and applications of internal audit practices. Students taking this course for graduate credit must complete an additional course project. Credit will not be given for both ACCT 4168 and 6168.

ACCT 5180           Oil and Gas Industry: Accounting Problems                                           3 cr.
Prerequisite: six hours of accounting or consent of department. A study of current reporting practices and problems associated with accounting in the oil and gas industry. A review of the industry reporting requirements to state agencies, federal agencies, economic interest holders from both the operator and nonoperator points of view, as well as general purpose financial statements.

ACCT 5190           Contemporary Accounting Topics                                                            3 cr.
Prerequisite: consent of department. A study in depth of one or more subjects currently of concern in the field of accounting. May be repeated for credit when the topics vary. No more than six semester hours of credit will be allowed.

ACCT 6125           Studies in Accounting Theory                                                                    3 cr.
Prerequisites: Accounting 3122 with a C or better. A study of underlying concepts of financial accounting with application to problem areas. Critical analysis of current pronouncements on accounting postulates and principles.

ACCT 6126           International Accounting                                                                             3 cr.
Prerequisite: Accounting 3122 or consent of department. Credit will not be given for both ACCT 4126 and ACCT 6126. The external and internal reporting problems associated with multinational business entities and other organizations. The objectives of the course are (1) to provide an overview of the international structures which have evolved in response to international accounting problems (2) to review the literature relating to these problems and (3) to develop the analytical capabilities necessary to deal with international accounting issues.

ACCT 6130           Advanced Accounting Analysis for Decision  Making                                  3 cr.
Offered each semester. Prerequisite: Accounting 4400 or 2100 and 2130. A study of the analysis of accounting and other data relating to alternative business possibilities as an aid to management decision making. Not open to students in the M.S. in Accounting program or students who have an undergraduate degree in accounting.

ACCT 6131           Accounting in Health Care Settings                                                                         3 cr.
A survey of the financial and managerial accounting principles and procedures necessary to make strategic and operational decisions in a managed care environment. Topics include financial statement structure and analysis, cost accounting, budgeting, analysis of variances from budget, cost-volume-profit analysis, analysis of non-routine decisions, rate setting and current issues in accounting for health care. Not open to students in the M.S. in Accounting or the M.S. in Accounting-Taxation Option programs.

ACCT 6133           Studies in Managerial Accounting                                                                           3 cr.
Prerequisite: Accounting 3131 or 6130. Readings and research in accounting relative to internal management, including cost accumulation and control systems, decision systems, and contemporary issues in management accounting.

ACCT 6143           Seminar in Accounting Information Systems                                      3 cr.
Prerequisites: Accounting 3141 or equivalent. To develop an understanding of the concepts of information systems, their design and operation, and to relate these concepts to the economic information requirements, information flows, decision criteria, and control mechanisms in the business

organization.

ACCT 6151           Federal Tax Practice  Procedure and Report Writing                                       3 cr.
Fall semester. Prerequisite: ACCT 3152 or consent of department. A course to acquaint the student with the organization of the Internal Revenue Service and its relation to practice, tax research techniques, and ethical tax practice.

ACCT 6153           Taxation of Corporations and Shareholders                                                        3 cr.
Fall semester. Prerequisite: ACCT 4152 or consent of department. ACCT 6151 is recommended.  Analysis of the tax treatment, tax problems, and tax planning techniques involving transactions between corporations and their shareholders; transfers to a corporation; capital structure; dividends and preferred stock bailouts; and an introduction to corporate divisions and reorganizations.

ACCT 6155           Tax Problems of Employee Retirement Plans                                                     3 cr.
Prerequisite: consent of department. Provides a working knowledge of the qualification and operating requirements of the various deferred compensation plans available under the current Internal Revenue Code.

ACCT 6156           Advanced Taxation of Partners and Partnerships and Professional Corporations        3 cr.
Prerequisite: ACCT 4152 or consent of department. ACCT 6151 recommended.  The study of the tax problems of service partnerships including such topics as dissolution of the partnership, sale of the partnership interest, and retirement provisions. The professional partnership will be compared with the professional corporation as to the advantages and disadvantages of each.

ACCT 6159           International Taxation                                                                  3 cr.
Prerequisite: ACCT 3152 or consent of department. A study of the major topic areas in U.S. taxation of transnational transactions. Emphasis will be placed on the law affecting individuals and corporations. Some possible topics are the foreign tax credit, source of income rules, subpart F, intercompany pricing, foreign sales corporations, etc.

ACCT 6163           Seminar in Auditing                                                                       3 cr.
Prerequisite: ACCT 3161. A study of advanced problems and current developments in auditing. Topics include auditing theory, practice, problems, ethics, legal environment, and other current topics.

ACCT 6167           Internal Auditing Concepts                                                                         3 cr.
Prerequisites: ACCT 3122 (with a grade of C or better) and consent of department. A study of the concepts and standards of internal auditing with application to problem areas. Assigned project(s) will involve the use of critical analysis of internal auditing situations. Students should apply a semester in advance for consent of the department. Students cannot receive credit for both ACCT 4167 and 6167.

ACCT 6168           Internal and Operational Auditing                                                            3 cr.
Prerequisite: ACCT 3122 (with a grade of C or better) and consent of the department.  Internal, operational auditing and internal auditing standards. Practical applications of internal auditing concepts through the use of readings, cases, and projects. Credit will not be given for both ACCT 4168 and 6168.

ACCT 6169           Fraud Examination                                                                                                          3 cr.
Prerequisite:  Accounting 2100 or 4400 or consent of department.  An analytical and case approach to the study of how and why fraud is committed, how fraudulent conduct can be deterred, and how allegations of fraud should be investigated and resolved.

ACCT 6173           State and Local Taxation                                                               3 cr.
Prerequisite: Consent of the department. An examination of the state taxation of multiple-state business entities, including income taxes, sales/use taxes and property taxes. One focus of the class will be the constitutional issue of the nexus and situs, as it applies to income and sales/use taxes. In addition, the apportionment and/or allocation of income between states, as well as the determination of taxable sales and the situs of property will be covered. The taxation of e-commerce will be an area of special concern.

ACCT 6185           Strategic Business Planning                                                                        3 cr.
Prerequisite -- Fifteen hours of graduate Accounting classes or consent of the department.  This course introduces future accounting professionals to the managerial/organizational decisions in which they may be expected to be involved.  It will highlight the impact of taxes and accounting on all aspects of the corporation, from formation to liquidation.  The course will be case-driven with examples taken from actual business scenarios wherever possible.  Different planning tools will be discussed, such as timing, negotiating and transforming.

ACCT 6190           Contemporary Tax Accounting Topics                                                                    3 cr.
Prerequisite: consent of department. This course will be used to offer tax topics of current interest to the student community. Topics such as Real Estate Taxation, Taxation of Natural Resources, Tax Exempt Organizations, Tax Aspects of International Transactions, and others may be offered from time to time. May be repeated for credit three times when topics vary.

ACCT 6191           Seminar in Contemporary Accounting Topics                                                          3 cr.
Prerequisite: consent of department. An examination and discussion of the non-tax accounting topics of current interest. May be repeated for credit three times when topics vary.

ACCT 6192           Special Topics in Accounting                                                                      1 min. cr. - 4 max. cr.
An intensive study of selected special topics in Accounting. Topics will vary on the basis of contemporary needs -- as dictated by the discipline, interests of the students and interests of the instructor. Section number will correspond with credit to be earned. May be taken up to 4 times for a total of 4 credits.

ACCT 6194           Internship in Accounting                                                                              3 cr.
Prerequisite:  15 hours of MBA courses with at least a 3.0 GPA and consent of the department.  The student will work a minimum of 150 hours during the semester at the site of a participating organization that directs the intern in a specific Accounting project.  Students must in addition engage in extensive outside research in the subject area related to their internship and submit a substantial report on this research reflecting a graduate level of learning.  Enrollment is limited.  May not be repeated for credit.  Students wishing to take this course should apply a semester in advance with their research proposal and obtain approval prior to the internship semester.  May not be used for degree credit in the Masters of Science in Accounting programs or as a substitute for the required accounting course in the MBA program.

ACCT 6195           Directed Study                                  3 cr.
Offered each semester. Prerequisite: consent of department. Readings, conferences, reports, and a research project under the direction of a member of the graduate faculty.