Scroll down to read descriptions of the accounting courses offered at Carthage, or click on these links for additional resources:

Financial Accounting

ACC 2010 / 4 credits
An analysis of accounting, the language of business. Introduction to basic accounting theory, concepts, and practices emphasizing income measurement; study of the accounting cycle; and preparation of basic financial statements.
Offered in Fall/Spring

Managerial Accounting

ACC 2020 / 4 credits 
This course focuses on the use of accounting as an analytic business tool within a business organization. This includes understanding cost behavior and using this knowledge to make important management decisions. It includes developing the costs of providing products and/or services to the organization’s customers and developing budgets or plans for the organization’s operations. Finally, it includes measuring performance against those plans for purposes of taking corrective action and rewarding performance. Emphasis will be placed on current innovations in managerial accounting resulting from changes in the global manufacturing environment. Analytical skills and written and oral communication skills will be emphasized, partly through the medium of case studies that model real-world situations.
Prerequisite: ACC 2010
Offered in Fall/Spring

Intermediate Accounting I

ACC 3010 / 4 credits 
A comprehensive, in-depth, analytical, and interpretive study of alternative accounting procedures for communicating financial and economic information, supported by critical evaluations of current issues and reporting practices. Students conduct a separate analysis of each of the major items appearing in corporate financial statements, with emphasis on theory and the logic involved in selecting one accounting or financial reporting approach over another.
Prerequisite: ACC 2010

Intermediate Accounting II

ACC 3020 / 4 credits
A comprehensive, in-depth, analytical, and interpretive study of alternative accounting procedures for communicating financial and economic information, supported by critical evaluations of current issues and reporting practices. Students conduct a separate analysis of each of the major items appearing in corporate financial statements, with an emphasis on theory and the logic involved in selecting one accounting or financial reporting approach over another.
Prerequisite: ACC 3010 with a C or higher

Individual Taxation

ACC 3060 / 4 credits 
A study of federal income taxation of individuals focused on tax theory and policy, laws, and related authoritative sources. Practical applications of tax laws are stressed through computerized preparation of frequently encountered forms and schedules and use of research materials applied to tax-planning scenarios.
Prerequisite: ACC 2010

Business Taxation

ACC 3090 / 4 credits 
A study of federal income taxation of business entities focused on tax theory and policy, laws, and related authoritative sources. Practical applications of tax laws are stressed through preparation of frequently encountered forms and use of research materials applied to tax-planning scenarios. Taxation of gifts, estates, and trusts is also covered.
Prerequisite: ACC 3060

Accounting Information Systems

ACC 3250 / 4 credits 
The course will provide an in-depth study of the role of computer-based accounting systems to create meaningful information for economic decisions. Emphasis is upon analyzing and designing accounting information systems, using accounting system applications to analyze information, and evaluation of internal control activities.
Prerequisite: ACC 3010

Law for Accountants

ACC 3610 / 2 credits 
An overview of legal concepts valuable to accountants, including the Uniform Commercial Code; agency relationships; property and bailments; wills, trust, and estates; sales and lease of goods; title, risk and insurable loss; secured transactions; bankruptcy; negotiable instruments; transfer of liability; electronic funds transfers; liability of accountants; and accounting ethics.
Prerequisite: MGT 3600

Advanced Accounting

ACC 4010 / 4 credits 
Theoretical analysis and problem-solving approach to current issues in accounting theory and practice; accounting for mergers, acquisitions, reorganizations, bankruptcy and liquidations, consolidations, and parent company and subsidiary relationships; preparation of consolidated accounting statements; and use of accounting procedures to prepare accounting reports for management, investors, and governmental agencies.
Prerequisite: ACC 3020

Auditing

ACC 4020 / 4 credits 
Principles, standards, and procedures involved in the independent examination and analysis of financial statements prepared for management and the general public. Concepts of ethical and social responsibilities are explored. Special emphasis is given to the proper reporting and communication of financial and economic information to the general public and to various governmental agencies.
Prerequisite: ACC 3020

Advanced Cost and Managerial Accounting

ACC 4040 / 2 credits 
This course covers managerial accounting and cost management practices that can be strategically applied across a business to improve organizational performance. The course emphasizes the methods available to measure and evaluate costs for decision-making and performance evaluation purposes. Specific topics include variable and absorption costing; activity-based cost management; lean manufacturing and lean accounting; product life cycle costing and cost of ownership; inventory management; productivity measurement; the balanced scorecard.
Prerequisite: ACC 2020