Received by Undergraduate Coordinating Council—May 6, 2010
COMMITTEE ON THE UNDERGRADUATE CURRICULUM (CUC)
Seventh Meeting/2009-10 Academic Year
April 8, 2010
SECTION A – Recorded for inclusion in the Undergraduate Catalog
p. 1 of 8
ALL UNIVERSITY SECTION
Academic Regulations
Other Catalog Change
Page 52, 2009-10 Undergraduate Catalog
A student who believes that special accommodations with respect to course work or other academic requirements
may be appropriate in consideration of a disability must (1) inform the faculty in charge of the academic activity
either at the start of the course or as soon as the student becomes aware of the activity or requirement in connection
with which accommodation is sought, (2) provide the required verification of the disability to the Center for
Access-Ability Resources, and (3) inform the latter office from which faculty member accommodations have been
requested. If contacted by the faculty member, the staff of the Center for Access-Ability Resources will provide
advice about accommodations that may be indicated in the particular case.
A wide range of services can be obtained by students with disabilities, including housing, transportation, adaptation
of printed materials, and advocacy with faculty and staff. Students with disabilities who need such services or want
more information should contact the Center for Access-Ability Resources, at 815-753-1303.
A student who believes that reasonable accommodations with respect to course work or other academic
requirements may be appropriate in consideration of a disability must (1) provide the required verification of the
disability to the Center for Access-Ability Resources, (2) meet with the Center for Access-Ability Resources to
determine appropriate accommodations, and (3) inform the faculty in charge of the academic activity of the need
for accommodation. Students are encouraged to inform the faculty of their requests for accommodations as early as
possible in the semester, but must make the requests in a timely enough manner for accommodations to be
appropriately considered and reviewed by the university. If contacted by the faculty member, the staff of the Center
for Access-Ability Resources will provide advice about accommodations that may be indicated in the particular
case. Students who make requests for reasonable accommodations are expected to follow the policies and
procedures of the Center for Access-Ability Resources in this process, including but not limited to the Student
Handbook.
A wide range of services can be obtained by students with disabilities, including housing, transportation, adaptation
of printed materials, and advocacy with faculty and staff. Students with disabilities who need such services or want
more information should contact the Center for Access-Ability Resources at 815-753-1303.
COLLEGE OF BUSINESS
Department of Accountancy
New course:
CIP code: 52.03
Page 75, 2009-10 Undergraduate Catalog
Received by Undergraduate Coordinating Council—May 6, 2010
COMMITTEE ON THE UNDERGRADUATE CURRICULUM (CUC)
Seventh Meeting/2009-10 Academic Year
April 8, 2010
SECTION A – Recorded for inclusion in the Undergraduate Catalog
p. 2 of 8
467. AUDITING OF ACCOUNTING INFORMATION SYSTEMS (3). Study of the auditing of computerbased accounting information systems with a focus on control and security. Topics include information
technology as it relates to assurance services, internal control assessments, and evidence-gathering activities.
A student may not receive credit for both ACCY 467 and 667. PRQ: ACCY 360 with a grade of C or
better and MGMT 346, or consent of department.
APASC 4/14/10
New course:
Page 75, 2009-10 Undergraduate Catalog
CIP code: 52.03
470. ACCOUNTING CAREER SKILLS SEMINAR (1). Continuation of ACCY 370. Study of
interpersonal skills necessary for a successful accounting career. Explores a variety of situations that
accounting professionals experience in their careers and discusses the necessary skills and appropriate
behaviors in those situations. PRQ: ACCY 370 and MGMT 346.
Course revisions: Pages 74-75, 2009-10 Undergraduate Catalog
206. INTRODUCTORY FINANCIAL ACCOUNTING (3). Presentation of accounting as an information
discipline. Introduction to financial accounting as a means for recording transactions and preparing
financial statements for external reporting purposes. Examines the nNature of accounting, basic accounting
concepts, financial statements, accrual and cash basesbasis of accounting, the accounting cycle, data
accumulation with manual and electronic data processing systems, monetary assets, current liabilities,
inventories, fixed assets, long-term liabilities, and owner’s equity and internal control. Topics include
corporate accounting for assets, liabilities and stockholders’ equity, and the corporate income statement.
Emphasis on usefulness of accounting information for business decision making. Not open to students with
credit in ACCY 288. PRQ: Completion of 24 or more semester hours of course work and a grade of C or
better in OMIS 259 or equivalent.
207. Introductory Cost Management (3). Introduction to the study of the information required for decision
making in management planning and control systems. Theory and application of product costing,
operational control, cost allocation, and performance evaluation for manufacturing, merchandising, and
service organizations. Topics include cost-volume-profit analysis, standard costing, budgeting, job order
costing, activity based costing, and process costing. PRQ: ACCY 206 or equivalent.
307. MANAGERIAL ACCOUNTING INFORMATION FOR DECISIONS AND CONTROL (3).
Evaluation and analysis of managerial accounting concepts relevant for management planning and control.
In-depth analysis of the use of accounting information such as budgets, standard costs, cost-volume-profit
data, relevant costs, and product costs in decision making. Study of managers’ use of accounting
information for decision making. Topics include budgeting, forecasting, cost estimation, cost allocation,
Received by Undergraduate Coordinating Council—May 6, 2010
COMMITTEE ON THE UNDERGRADUATE CURRICULUM (CUC)
Seventh Meeting/2009-10 Academic Year
April 8, 2010
SECTION A – Recorded for inclusion in the Undergraduate Catalog
p. 3 of 8
cost-volume-profit analysis, product pricing, income statement analysis, performance measurement, and
non-routine decision making. Not open to accountancy majors. CRQ: UBUS 310.
310A. ACCOUNTING INFORMATION SYSTEMS (3). Examination Study of organizational accounting
information systems that capture information from the major business processes and transaction cycles.
Emphasis on how these information systems serve as the basis for the functional areas of accounting and
business., including i Internal controls, databases, and other information technologies including databases,
and reporting methodologies are stressed through applied projects and case studies through a case study
approach. Must be taken concurrently with ACCY 310S. PRQ: Acceptable score on the Accountancy
Qualifying Examination or consent of department. CRQ: UBUS 310.
310S. ACCOUNTING INFORMATION SYSTEMS LABORATORY (1). Basic instruction in
Development of skills and techniques necessary to identify, collect, analyze and report accounting
information are stressed through applied projects. Must be taken concurrently with ACCY 310A. PRQ:
Acceptable score on the Accountancy Qualifying Examination or consent of the department. CRQ: UBUS
310.
320. INTERMEDIATE COST MANAGEMENT (3). Continuation of the study of the information
required in management planning and control systems. Theory and application of product costing,
operational control, cost allocation, and performance evaluation for manufacturing, merchandising, and
service organizations. Topics include budgeting, cost management for factory automation and just-in- time
environments, activity-based costing, ethics, cost of quality, target costing, and life-cycle costing. Study of
managers’ use of accounting information for decision making in manufacturing and service organizations.
Topics include budgeting, cost estimation, cost allocation, cost-volume-profit analysis, non-routine
decision making, transfer pricing, performance measurement, and the use of Excel for modeling business
decisions. PRQ: Acceptable score on the Accountancy Qualifying Examination or consent of department.
CRQ: UBUS 310 and ACCY 310A.
331. FINANCIAL REPORTING I (4) (3). Study of accounting theory and practice relating to statement of
cash flows, financial statement analysis, foreign currency translation, financial accounting and reporting
issues, including the conceptual framework, balance sheet and income statement preparation, revenue
recognition, conversion from cash to accrual basis, time value of money, monetary assets, inventories,
plant assets, research and development costs, current liabilities, and long-term debt. Use of databases
Employ authoritative sources in researching accounting issues and in analyzing and preparing financial
statement disclosures. Must be taken concurrently with UBUS 311. PRQ: ACCY 310A with a grade of C
or better. CRQ: UBUS 310.
360. ASSURANCE SERVICES (3). Introduction and investigation of various types Study of assurance
services, including auditing and, attestation, operational, and compliance services. Emphasis on underlying
concepts, standards, and procedures associated with assurance services, including engagement planning,
risk assessment, internal control testing, evidence gathering and documentation, and communication of
findings. Practices and procedures of assurance services including planning, assessing risk, testing
Received by Undergraduate Coordinating Council—May 6, 2010
COMMITTEE ON THE UNDERGRADUATE CURRICULUM (CUC)
Seventh Meeting/2009-10 Academic Year
April 8, 2010
SECTION A – Recorded for inclusion in the Undergraduate Catalog
p. 4 of 8
controls, and obtaining and documenting evidence. Focus on identification and review of business
processes and decisions (both financial and nonfinancial), and skills needed to analyze evidence, develop
recommendations, and communicate findings. PRQ: ACCY 310A with a grade of C or better and ACCY
320 with a grade of C or better, or consent of department. CRQ: UBUS 310.
370. ACCOUNTING CAREER PLANNING SEMINAR (1). Explores … … skills. Activities include
self-assessment and career goal planning, resume writing, mock interviews, role-playing networking, and
information interviews. PRQ: Acceptable score on the Accountancy Qualifying Examination or consent of
department.
421. ADVANCED COST MANAGEMENT (3). Advanced study of the information required in
management planning and control systems. Theory and application of product costing, operational control,
cost allocation, and performance evaluation for manufacturing and service organizations. Topics include
transfer pricing, competitive costing, division performance measurement, regression analysis, statistical
quality control, activity-based costing, automation and cost management, target costing, and Japanese cost
management. Study of advanced topics related to managers’ use of accounting information for
management planning and control systems. Topics include advanced costing techniques, division
performance measurement, customer profitability analysis, incentive systems, and other contemporary cost
management issues. PRQ: ACCY 320 with a grade of C or better and MGMT 346. CRQ: UBUS 311.
432. FINANCIAL REPORTING II (3). Study of financial accounting theory and practice relating to and
reporting issues, including accounting for income taxes, pension and other benefit plans, leases, earnings
per share, accounting changes, stockholders’ equity, and investments including equity method, and
statement of cash flows.; and an introduction to consolidated financial statements. Use of databases
Employ authoritative sources in researching accounting issues and in analyzing and preparing financial
statement disclosures. PRQ: ACCY 331 with a grade of C or better.
433. FINANCIAL REPORTING III (3). Study of financial accounting theory and practice relating to and
reporting issues, including accounting for business combinations under the purchase and pooling methods,
consolidated financial statements, international operations, segment and interim reporting standards, debt
restructure, corporate insolvency, partnership accounting, and accounting for specialized industries such as
banking, construction, franchising, and real estate. Coverage of SEC reporting standards. Use of databases
in researching accounting issues and in analyzing and preparing disclosures. Extensive use of group
projects. conversion of foreign financial statements, foreign currency denominated transactions, and
derivatives and hedging activities. Employ authoritative sources in researching accounting issues. PRQ:
ACCY 432 with a grade of C or better and MGMT 346.
439. CONTEMPORARY ISSUES IN FINANCIAL ACCOUNTING (3). Analysis of present generally
accepted accounting principles. Investigation of the historical, economic, and political influences upon
accounting principles and the application of these principles in accounting practice. Study of select topics
in financial accounting and reporting to supplement knowledge attained in required financial reporting
courses. PRQ: 15 semester hours of accounting and at least a B average in accounting above the
Received by Undergraduate Coordinating Council—May 6, 2010
COMMITTEE ON THE UNDERGRADUATE CURRICULUM (CUC)
Seventh Meeting/2009-10 Academic Year
April 8, 2010
SECTION A – Recorded for inclusion in the Undergraduate Catalog
p. 5 of 8
elementary courses and MGMT 346, or consent of department. ACCY 432 with a grade of C or better and
MGMT 346.
450. TAXATION OF BUSINESS ENTITIES AND INDIVIDUALS (3). Study of basic concepts of
federal income taxation related to income, deductions, and property transactions for a broad range of
taxpayers applied to the taxation of individuals and business entities, including corporations, partnerships,
S corporations, and limited liability companies business entities and individuals. Includes the study of
property transactions. PRQ: ACCY 331 with a grade of C or better.
462. INTERNAL AUDITING (3). Study of internal audit objectives, processes and reporting. Topics
include internal audit standards, internal controls, risk assessment, evidence and risk-based audit
procedures, documentation, and communications. Auditing techniques including sampling and use of
systems -based audit techniques. Review of ethics, Employment of authoritative sources to examine ethical
issues, emerging issues, and industry specific matters issues. PRQ: ACCY 360 with a grade of C or better
and MGMT 346, or consent of department.
465. FORENSIC ACCOUNTING/FRAUD EXAMINATION (3). This course focuses on Study of fraud
detection and control from the perspective of public, internal, and private accountants. This course covers
areas such as Topics include principles and standards for fraud-specific examination;, fraud-specific
internal control systems;, and proactive and reactive investigative techniques. PRQ: ACCY 331 with a
grade of C or better, and ACCY 360 with a grade of C or better, and MGMT 346, or consent of
department.
472. INDEPENDENT STUDY IN ACCOUNTANCY (1-3). Individually arranged study in of an
accounting topic or topics that are not part of our regular course offerings. May be repeated once to a
maximum of 3 semester hours. May not be used as an accountancy elective. PRQ: Senior standing with B
average in accounting and consent of department ACCY 331 with a grade of B or better and ACCY 360
with a grade of B or better and MGMT 346 and subject to a faculty member’s discretion and availability
and consent of department.
473. INTERNSHIP IN ACCOUNTANCY (3). Full-time work for at least ten weeks during the fall or
spring semester, or during the summer, in the accountancy/financial function of a sponsoring organization.
Students submit periodic reports and deliver an oral presentation to the Department of Accountancy
internship coordinator for grading. May be repeated to a maximum of 6 semester hours. PRQ: ACCY
310A and ACCY 310S, and ACCY 320, and ACCY 331, and ACCY 360, and ACCY 370 and MGMT
346, and junior standing, and consent of department.
475. C.P.A. PROBLEMS I (3). Analysis and review Study of accounting principles and practices as
developed and illustrated in complex selected problems for issuers, nonissuers, and governmental entities.
Discussion of selected problems and theory related theory and completion of relevant, complex problems.
Laboratory Computer-based practice in the solution of typical problems encountered in the C.P.A.
examination. May not be used as an accountancy elective. PRQ: Senior standing or cConsent of
Received by Undergraduate Coordinating Council—May 6, 2010
COMMITTEE ON THE UNDERGRADUATE CURRICULUM (CUC)
Seventh Meeting/2009-10 Academic Year
April 8, 2010
SECTION A – Recorded for inclusion in the Undergraduate Catalog
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department.
476. C.P.A. PROBLEMS II (3). Continuation of ACCY 475. Further analysis and review of accounting
principles and practices, and the continuation of laboratory practice. Study of auditing principles and
practices for issuers, nonissuers, and governmental entities. Discussion of related theory and completion of
relevant, complex problems. Computer-based practice in the solution of typical problems encountered in
the C.P.A. exam. May not be used as an accountancy elective. CRQ PRQ: ACCY 475 or c Consent of
department.
480. GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING (3). Basic introduction to Study of
state and local government accounting, federal government accounting, not-for-profit organization
accounting; GAO audit standards and the single audit act, and not-for-profit tax issues ; not-for-profit
organization accounting including tax issues and industry specific issues in healthcare and colleges and
universities; Government Auditing Standards and the Single Audit Act; and federal government
accounting. PRQ: ACCY 331 with a grade of C or better and MGMT 346.
490. CURRENT TOPICS IN ACCOUNTANCY (1-3). Study of … … issues. May be repeated to a
maximum of 6 semester hours when topic varies topics vary. PRQ: Consent of department.
499H. HONORS DIRECTED RESEARCH IN ACCOUNTANCY (3). Open only to students participating
in the University Honors Program or in the Department of Accountancy Honors Program. Individually
arranged research in an accountancy topic of the student’s selection which must be approved by the
student’s Honors adviser, the faculty member supervising the research, and by the department chair. PRQ:
MGMT 346 and consent of department.
Other catalog change:
Page 73, 2009-10 Undergraduate Catalog
Department Requirements
↓
Applied/Diversified Study
To graduate with a B.S. in accountancy, students are required to complete 12 semester hours of applied or
diversified study. This requirement does not preclude an accountancy student from pursuing a formal
minor offered by a department outside the College of Business, which can be used to fulfill this
requirement.
Applied Study
Applied study requires 12 semester hours taken in a single department outside the College of Business.
Suggested study includes courses offered by departments in the Colleges of Engineering and Engineering
Technology, Liberal Arts and Sciences, and Visual and Performing Arts.
Received by Undergraduate Coordinating Council—May 6, 2010
COMMITTEE ON THE UNDERGRADUATE CURRICULUM (CUC)
Seventh Meeting/2009-10 Academic Year
April 8, 2010
SECTION A – Recorded for inclusion in the Undergraduate Catalog
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Diversified Study
As an alternative to the applied study of course work taken in a single department, a student may elect
diversified study, under which the 12 semester hours are selected in consultation with the department
adviser. These courses should be selected so that the student gains opportunities to develop intellectual and
analytical skills and/or interpersonal, leadership, and communication skills.
Other catalog change:
Page 73, 2009-10 Undergraduate Catalog
Major in Accountancy (B.S.)
Business Core (45-50)
Requirements in Departments (35) (26)
ACCY 320 - Intermediate Cost Management (3)
ACCY 331 - Financial Reporting I (4) (3)
ACCY 360 - Assurance Services (3)
ACCY 370 - Accounting Career Planning Seminar (1)
ACCY 432 - Financial Reporting II (3)
ACCY 450 - Taxation of Business Entities and Individuals (3)
ACCY 470 – Accounting Career Skills Seminar (1)
One Two of the following (3) (6)
ACCY 411 - Advanced Accounting Information Systems (3)
ACCY 421 - Advanced Cost Management (3)
↓
ACCY 465 - Forensic Accounting/Fraud Examination (3)
ACCY 467 - Auditing of Accounting Information Systems (3)
ACCY 480 - Governmental and Not-For-Profit Accounting (3)
ACCY 490 - Current Topics in Accountancy (3)
One of the following (3)
ACCY 4111 - Advanced Accounting Information Systems (3)
ACCY 4211 - Advanced Cost Management (3)
↓
ACCY 4651 - Forensic Accounting/Fraud Examination (3)
ACCY 4671 - Auditing of Accounting Information Systems (3)
ACCY 472 - Independent Study in Accountancy (3)
ACCY 473 - Internship in Accountancy (3)
ACCY 4801 - Governmental and Not-For-Profit Accounting (3)
ACCY 4901 - Current Topics in Accountancy (3)
ACCY 499H - Honors Directed Research in Accountancy (3)
Applied or diversified study (12)
Received by Undergraduate Coordinating Council—May 6, 2010
COMMITTEE ON THE UNDERGRADUATE CURRICULUM (CUC)
Seventh Meeting/2009-10 Academic Year
April 8, 2010
SECTION A – Recorded for inclusion in the Undergraduate Catalog
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Requirements outside Department (6) (15)
FINA 410 - Financial Markets and Investments (3)
MGMT 346 - Business Communication (3)
One 300- or 400-level non-accountancy College of Business course Electives outside of Accountancy
excluding FINA 320, MGMT 333, MKTG 310, and OMIS 338, and OMIS 351 (3) (9)
Total Hours for a Major in Accountancy: 86-91
1
If not used to fulfill requirement above.