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

ACC 2010

Financial Accounting

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

ACC 2020

Managerial Accounting

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

ACC 3010

Intermediate Accounting I

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
Offered in Fall/Spring

ACC 3020

Intermediate Accounting II

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
Offered in Fall/Spring

ACC 3060

Individual Taxation

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
Offered in Fall/Spring

ACC 3090

Business Taxation

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
Offered in Spring

ACC 3250

Accounting Information Systems

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
Offered in J-Term

ACC 3610

Law for Accountants

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

ACC 4010

Advanced Accounting

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

ACC 4020

Auditing

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
Offered in Fall

ACC 4040

Advanced Cost and Managerial Accounting

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