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Department of Accounting

The accounting program provides education and training to individuals who plan to pursue careers as professional accountants in consulting, business, government, and industry. The Department of Accounting offers Bachelor of Science and Master of Accounting degrees. The Bachelor of Science degree requires the student to specialize in one of four concentrations: information systems, financial analysis, managerial accounting or internal auditing. The Master of Accounting (MAC) degree program produces more specialized accounting professionals and responds to the American Institute of Certified Public Accountants mandated 150-hour education requirement for certification.

The curriculum consists of a general foundation in humanities, social science, science and mathematics; a comprehensive business core; a complete accounting core; and a concentration in a functional accounting area.

Opportunities

The field of accounting deals with identifying, measuring and communicating information to assist individuals and companies in making informed economic decisions. Accounting provides students with excellent career opportunities. Individuals graduating with an accounting degree can expect to be exposed to all aspects of an organization from a broad top-down perspective.

Curriculum and Degree Requirements

All accounting majors are subject to the department’s residency requirement: a minimum of 30 credit hours of course work after being formally admitted to the B.S. degree program in Accounting (or the B.S. in Business Administration). In addition, accounting majors must complete at least 30 hours of major courses and specified accounting courses in residency at NC State.

Minor in Accounting

The Accounting Minor is offered to students interested in gaining a basic knowledge of accounting to supplement another degree, or to prepare for a graduate program in Accounting.

For additional information, view the "Opportunities for Minors" page on the Poole College of Management’s website.

Department Head

F. A. Buckless

ACC - Accounting Courses

ACC 200 Introduction to Managerial Accounting 3.

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 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.
Prerequisite: ACC 200 and ACC 210 with a grade of C- or better.

Introduction to the importance of accounting and computer-based controls in an organization's enterprise systems. Focus on business processes, entity-wide information systems controls and security, database modeling and design focused on accounting,and contemporary issues involved in providing assurance services for systems reliability.

ACC 410 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 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 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: Senior standing, GPA greater than or equal to 3.25.

A full-time professional internship in accounting. Eligibility for participation to be by invitation and by the demand for interns among accounting firms participating in the internship program. 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 vary in duration from 8 to 15 weeks. Restricted to ACF, ACS, & ACM majors. 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 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 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.