Accounting (ACC)

ACC - Accounting Courses

ACC 200 Introduction to Managerial Accounting 3.
Prerequisite: ACC 210.

Analysis of accounting data that are useful in managerial decision making and in the control and evaluation of the decisions made within business organizations. An introduction to basic models, financial statement analysis, cost behavior analysis and cost control procedures.

ACC 210 Concepts of Financial Reporting 3.

Financial reporting concepts, the accounting information generating process, reporting practices, financial statement preparation, and the interpretation and analysis of financial statements. Basic accounting principles and concepts, the accounting cycle, income measurement, and internal controls.

ACC 220 Introduction to Managerial Accounting 3.
Prerequisite: ACC 210.

The course is designed to provide students with a basic understanding of managerial accounting concepts and a brief overview of corporate income tax concepts. Students will analyze accounting data that are useful in managerial decision making and in the control and evaluation of the decisions made within business organizations. The course will also provide an introduction to basic models, financial statement analysis, cost behavior analysis and cost control procedures.

ACC 280 Survey of Financial and Managerial Accounting 3.
This course cannot be used to satisfy degree requirements for the accounting degree or the business degree within the Poole College of Management. This course does not substitute for either ACC 210 or ACC 220..

This course covers the basic principles and concepts of financial and managerial accounting. Students will learn about the role of accounting in business including how to prepare basic financial statements and how accounting information is used by: (1) external stakeholders (i.e., stockholders, creditors and government) to evaluate the financial performance of an organization; and (2) internal users (management) to fulfill the planning, control and performance evaluation functions.

ACC 310 Intermediate Financial Accounting I 3.
Prerequisite: ACC 210 with a C+ or better.

Conceptual framework of financial accounting and process of development of professional standards. Foundations of accounting and reporting systems. Measurement and reporting issues for cash, receivables, inventories, and non-current assets.

ACC 311 Intermediate Financial Accounting II 3.
Prerequisite: ACC 310 with grade of C- or better.

A continuation of topics introduced in Intermediate Financial Accounting I (ACC 310). Topics include accounting for investments in equity and debt securities, measurement and recognition of current and non-current liabilities, accounting for operating and capital leases, accounting for pension and post-retirement benefit plans, determination and classification issues related to deferred income taxes, and accounting for various forms of stock-based compensation plans.

ACC 330 An Introduction To Income Taxation 3.
Prerequisite: ACC 210 with a grade of C- or better.

Basic income tax principles and procedures (including research and planning) with an emphasis on all types of entities and business transactions. Exposure to a range of tax concepts within the framework of financial reporting.

ACC 340 Accounting Information Systems 3.
Prerequisites: ACC 200 or ACC 220 and BUS 340 and ACC 210 with a grade of C- or better.

Accounting is an information system that supports business processes and decision-making. This course covers business processes and transaction cycles, related internal controls, and the use of computers as tools for the collection, organization, analysis, and reporting of accounting data. Given that this course may be a student's sole exposure to accounting information systems in the undergraduate program, it will include practical use of Microsoft Excel, Peachtree Accounting, and Microsoft Access. Students will also learn current modeling practices used in database design.

ACC 411 Business Valuation 3.
Prerequisite: ACC 210, BUS 320, and (BUS/ST 350 or ST 302 or ST 361 or ST 370 or ST 372).

Conceptual framework of how businesses work, value generation and reporting. Interpretation of financial statements and their use in valuation of the firm.

ACC 420 Cost Accounting for Effective Management 3.
Prerequisite: ACC 200 with C- or better and (BUS/ST 350, or ST 302 or ST 361 or ST 370 or ST 372).

Cost Accounting for Effective Management focuses on the development and use of managerial accounting information in planning, control, and decision making activities and in designing and implementing business strategies. Integration of performance measurement and cost control with corporate strategy.

ACC 440 Enterprise Resource Planning Systems 3.
Prerequisite: ACC 340 or BUS 340.

An Enterprise Resource Planning (ERP) system is business software that is cross-functional, process-centered and uses a relational database. As NCSU is a member of the SAP University Alliance, you will obtain hands-on training with SAP, the ERP market leader. This knowledge will give business and IT students a competitive and advantage in the workplace. This course covers the managerial, accounting, and technical issues of ERP systems. Course content includes evolution of ERP systems, reengineering, process mapping, the ERP life cycle, functionality, bolt-ons, and auditing ERP systems. Credit will not be allowed for both ACC 440 and MBA 515.

ACC 450 Auditing and Assurance Services 3.
Prerequisite: ACC 311 with a C- or better and ACC 340 and (BUS/ST 350, or ST 302, or ST 361, or ST 370, or ST 372).

Introduction to auditing practice and theory. Focuses on developing skills for interpreting business strategies and identifying related business risks that may impact the risk of material misstatement in financial statements, describing internal control solutions to those risks, identifying evidential sources, and designing strategies to provide assurance about the financial statements, internal control over financial reporting, and other business information.

ACC 451 Internal Auditing 3.
Prerequisite: ACC 210 with grade of C- or better.

The theory, practice and design of internal audit activities. Examination of industry standards as a guide to the internal audit field. Evaluation of internal controls, information technology and fraud risks and controls, audit evidence and assurance, communicating audit results and consulting engagements. Emphasis on the professional practice of the discipline of internal auditing.

ACC 460 Governmental and Nonprofit Accounting 3.
Prerequisite: ACC 210.

Accounting for state and local governments, including budgeting, audit issues, and financial analysis. Accounting for nonprofit organizations, including colleges and universities and healthcare organizations.

ACC 495 Special Topics in Accounting 1-6.

Presentation of material not normally available in regular course offerings, or offering of new courses on a trial basis.

ACC 498 Independent Study in Accounting 1-6.

Detailed investigation of topics of particular interest to advanced undergraduates under faculty direction on a tutorial basis. Credits and content determined by faculty member in consultation with the associate department head. Individualized/Independent Study and Research courses require a Course Agreement for Students Enrolled in Non-Standard Courses be completed by the student and faculty member prior to registration by the department.

ACC 499 Internship in ACC 1-6.
Prerequisite: Completion of ACC 310 and ACC 311. Restricted to accounting majors. Departmental approval required..

A full-time accounting-related professional internship. Participants will communicate with instructor weekly over the course of the internship to discuss progress and insights. A post-internship interview and paper is also required. Internships may vary in duration from 8 to 15 weeks. Individualized/Independent Study and Research courses require a Course Agreement for Students Enrolled in Non-Standard Courses be completed by the student and faculty member prior to registration by the department. This form can be obtained from the Accounting department or from the Poole Office of Undergraduate Programs.

ACC 508 Advanced Commercial Law 3.
Prerequisite: MAC Program.

A study of law and regulation as a structure in which to develop business goals and strategies. Students will examine those elements of law and regulation that are a context for ethical business behavior. Students will also study the provisions oflaw and regulation including case-law that must be followed as a part of the strategic planning process and in the process of implementing business methods and procedures.

ACC 510 Advanced Financial Accounting 3.
Prerequisite: MAC Program.

Study of complex financial reporting topics affecting U.S. corporations. Focus on the underlying business rationales associated with transactions/events triggering the complex financial reporting issue. Topics will include international accounting, consolidations, mergers and acquisitions, derivatives, SEC reporting, and other emerging issues.

ACC 519 Applied Financial Management 3.
Prerequisite: MAC Program.

A study of key business decision made and tools used by CFOs in their executive management roles. Students will focus on managerial analysis tools (e.g., business plans; budgeting) and finance issues (e.g., funding alternatives, treasury, and cash management). The course will include management skills related to the CFO, such as negotiations, leadership, delegation, interactions with boards, etc.

ACC 520 Advanced Management Accounting 3.
Prerequisite: MAC Program.

A study of how accounting and operating information is used in management planning and decision making. Students will apply advanced costing models and design and evaluate management decision making information systems. Topics will include issues that are appropriate for consideration by executive management and the board of directors.

ACC 530 Advanced Income Tax 3.
Prerequisite: MAC Program.

A study of the tax consequences of business, financial, and personal wealth-planning transactions. Students will examine the economic or legal context of transactions along with the non-tax motives of the transacting parties. The course will consider the efficiency of tax strategies in terms of their impact on net cash flows and other financial reporting effects.

ACC 533 Accounting and Tax Research 3.
Prerequisite: MAC Program.

A study of research methods, procedures and tools used to develop solutions to technical and policy-oriented business problems. Students will consult various competent authorities on taxation, accounting, auditing, and general business in the development of business problem solving techniques.

ACC 540 IT Risks and Controls 3.
Prerequisite: MAC Program.

A study of how business strategies use information technology (IT) as an efficient enabler of redesigned core business processes. Students will focus on how the use of IT affects risk management by eliminating certain risks and introducing others. Students will examine IT control solutions used to address IT risks and will address issues affecting assurance engagements related to IT systems.

ACC 550 Advanced Auditing 3.
Prerequisite: MAC Program.

A study of the impact of business risks on the design and performance of audit procedures to detect material misstatements in financial statements. Students will be exposed, through a case-based approach, to significant business issues related to audit planning, risk assessment and auditor response, corporate governance, reporting, and other significant business issues affecting audit professionals in their first years of employment.

ACC 560 Tools for Tax Analytics 1.
R: Graduate Standing or PBS.

In this course we will teach the skills needed to identify many of the situations where the method of accounting for tax purposes for revenue and expense differs from that used in financial accounting. Focus will be placed on analyzing and outlining those differences in a concise and visual manner in order to assist upper management understand the tax implications of their operational and financial accounting decisions. To assist us in this, we will utilize analytic tools that are regarded as required knowledge by today's tax departments. After a brief review of basic analytics skills, we will focus on more advanced analytic tools which will be reinforced with tax-focused examples and assignments specifically to allow the student to apply these featured analytics topics in tax situations. An undergraduate degree and basic tax and accounting knowledge required.

ACC 561 Database Management in Tax 1.
R: Graduate Standing or PBS.

In this course, we will teach the skills needed to understand and identify many aspects of the state income tax apportionment process. Focus will be placed on the calculations and analyses required to present the state and local tax information in such a manner as to assist upper management in the business-expansion decision-making process. The tax apportionment process requires a solid understanding of database management. To assist us in this, we will utilize database management tools that are considered required knowledge by today's tax departments. After a brief review of introductory database management topics, we will focus on more advanced database management topics which will be reinforced with tax-focused examples and assignments specifically created to allow students to see these featured database management topics when applied to tax scenarios. An undergraduate degree and basic tax and accounting knowledge required.

ACC 562 Forecasting Effective Tax Rates and Scenario Analysis - Introduction 1.
R: Graduate Standing or PBS.

In this course we will examine the different definitions of book income and taxable income with a focus on accounting for income taxes under ASC 740. Students will contrast the principles of conservatism reflected by generally accepted accounting principles and by the tax law. In addition, students will learn how to utilize regression analysis and scenario analysis to provide additional insights about these tax topics and to forecast future effective tax rates. Tax-focused examples and assignments created specifically to allow the student to apply regression analysis in tax situations will reinforce the technology covered in this course. In addition to utilizing regression analysis, this course will examine tax technical subjects to provide the student sufficient knowledge to complete the examples and assignments. An undergraduate degree and basic tax and accounting knowledge required.

ACC 563 Forecasting Effective Tax Rates and Scenario Analysis - Advanced Application 1.
P: ACC 562.

In this course we will continue to examine the different definitions of book income and taxable income but the primary focus will be on examining tax disclosures in financial statements and gaining an understanding of how they can be used for financial statement analysis. We will also carry out regression and scenario analysis to provide additional insights into disclosed tax information. These types of insights are of significant benefit and often utilized in decision making by company management and financial analysts employed by investment funds. The skills learned will be reinforced with tax-focused examples and assignments created specifically to allow the student to apply regression and scenario analysis in tax situations. In addition to utilizing regression and scenario analysis, this course will examine tax technical subjects to provide the student sufficient knowledge to complete the examples and assignments. An undergraduate degree and basic tax and accounting knowledge required.

ACC 564 Project Management and Process Documentation in Tax 1.
R: Graduate Standing or PBS.

In this course we will focus on tax project management and tax process documentation skills. Students will develop an understanding of project management in the context of a tax provision process assessment for a hypothetical company, Project Clarity. Students will also develop an understanding of internal control best practices and how they apply to a corporate tax department's tax provision process. In addition, they will develop the skills necessary to identify improvements within the tax provision process and learn how to prepare a flow chart of the process. An undergraduate degree and basic tax and accounting knowledge required.

ACC 565 Visual Analytics in Tax 1.
P: ACC 560.

We will teach visual analytics to enhance the value and quality of the tax information provided to decision makers in an organization. All aspects of tax including planning, tax provision work, compliance and controversy work will be covered. The focus will be on state and local nexus, sales and use taxes, and foreign bank account reporting (FBAR) requirements. Students will also learn to manipulate data into a visual front end so that those reviewing the data with the purpose of decision-making will have an easier time reading and interpreting the data analytics. An undergraduate degree and basic tax and accounting knowledge required.

ACC 566 Database Management Applications in Tax 1.
P: ACC 561.

In this course, we will teach the skills needed to understand and identify more advanced aspects of the state income tax apportionment process, including combinations and consolidations. The student will gain knowledge in the areas of data query language, data definition language, and data manipulation language using structured query language. Students will learn more advanced tools to retrieve, define, store, and update state income tax data in a database management program. These tools will be reinforced with tax­ focused examples and assignments specifically created to allow the student to see these featured topics when applied to tax scenarios. An undergraduate degree and basic tax and accounting knowledge required.

ACC 567 Enterprise Resource Planning for Tax 1.
R: Graduate Standing or PBS.

In this course, we will teach Enterprise Resource Planning (ERP) concepts that will be useful to tax professionals to better understand the client's information environment and gauge how best to access needed client tax information. Students will learn about ERP systems and obtain hands-on experience with the financial accounting, asset accounting (AA), and plant maintenance (PM)1 courses in the SAP ERP system. ERP concepts will be reinforced with tax-focused examples and assignments including revisiting tax deduction material, as well as learning more about the Tangible Property and Repair Regulations. Credit will not be allowed for this course and for MBA 515. An undergraduate degree and basic tax and accounting knowledge required.

ACC 568 Analysis of Unstructured Data in Tax 1.
R: Graduate Standing or PBS.

The objective of this course is to get insight into the analysis of unstructured data and gain an understanding of how to utilize it within a tax focused environment. Upon finishing the course, students will be able to extract tax related information from a collection of text documents. Also, students will be able to uncover concepts and themes that are concealed in those documents. There will also be a demonstration of traditional data mining techniques. An undergraduate degree and basic tax and accounting knowledge required.

ACC 569 Advanced Visual Analytics in Tax 1.
P: ACC 565.

Visualization helps us see and understand the story the data tells us. In this course, students will be introduced to an interactive data visualization tool which allows users to select specific tax information and customize the format of visualization to assist in the management decision making process. Students will learn how to use this tools to increase the relevance and usefulness of tax data. The software will be used in specific tax-related applications, including foreign bank account reporting exposure and compliance, country by country reporting, state income tax exposure, compliance data and risk analysis. An undergraduate degree and basic tax and accounting knowledge required.

ACC 570 Data Security and Warehousing in Tax 1.
R: Graduate Standing or PBS.

The course is focused on the importance of data security with respect to all financial data but specifically tax data. It also covers the area of tax data warehousing from the standpoint of the differing financial detail needs of a tax department and the benefits of utilizing a Cloud solution. Students will gain insight into data securing learning protection of networks and cryptography with emphasis on the data security in a tax focused environment. An undergraduate degree and basic tax and accounting knowledge required.

ACC 571 Enterprise Resource Planning - Advanced Applications 1.
P: ACC 567.

In this course we will focus on extracting and manipulating data housed in an Enterprise Resource Planning system in order to address complex tax issues. The tax technical subjects to be covered include revisiting the tangible personal property regulations, the uniform capitalization rules as they apply to inventory, VAT taxes and the consolidated return rules. An undergraduate degree and basic tax and accounting knowledge required.

ACC 588 Special Topics in Accounting 1-6.

Course objectives dependent upon unique circumstances motivating offering of course. Timely curriculum innovation the primary motivation. Departmental consent required.

ACC 600 Managerial and Career Effectiveness 1.
Prerequisite: MAC Program.

Knowledge and skills needed to advance professional accounting career. Strategic communication of self and ideas in professional and classroom settings. Diagnosis of organizational culture. Impression management and appropriate business behavior. Leadership of individuals, group dynamics, and team building.

ACC 630 Independent Study 1-3.

Advanced topics not otherwise included in curriculum by advanced graduate students on a tutorial basis. Determination of credits and content by participating faculty in consultation with Director of Graduate Programs. Departmental consent required.