Accounting and Information Systems 1
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Accounting and Information Systems 1 Graduate ACCOUNTING AND Information Systems - Graduate Minor INFORMATION SYSTEMS Regents Professor, Kenneth J. Martin, Ph.D., Interim Department Head Professors Mora; Associate Professors Billiot, Clemons, Joo, Undergraduate Program Information Melendrez; Assistant Professors Arslan, Doucet, Ewing, Fuqua, Park, The Bachelor of Accountancy degree is available to students choosing Peters, Shen, Zhang; College Assistant Professor Hamilton, Mitchell, accounting as a major. The curriculum is designed to prepare you for the Shindi; Emeritus Professor Foster, Mills, Oliver, Scribner, Seipel, Tunnell excellent opportunities that exist in public accounting practice and in business, government and nonprofit organizations. It is also appropriate F. Arslan, Ph.D. (Texas - El Paso)- information systems; M. J. Billiot, D.B.A. for those who may choose to seek either the Master of Accountancy or (Mississippi State) C.P.A.-managerial and financial accounting; R. Clemons, the Master of Business Administration degree after graduation. Ph.D. (Texas A&M) C.P.A - taxation; A. Doucet, Ph.D. (University of Tennessee) - financial accounting; R. Ewing, Ph.D. (Kentucky) C.P.A., C.M.A. - managerial The Information Systems program has a focus on cyber security that accounting; T. Foster (emeritus), Ph.D. (Penn State); D. Fuqua, Ph.D. (New prepares you for a variety of administrative and technical positions Mexico State) - supply chain optimization and big data predictive analytics; associated with the security of information systems. Potential employers P. Hamilton, MBA (New Mexico State); T. Joo, Ph.D. (Arkansas) C.P.A - include information system service organizations, public accounting/ financial accounting and taxation; K. Melendrez, Ph.D. (Arizona)– financial consulting firms, manufacturing and merchandising business, banks accounting; S. Mills (emeritus), Ph.D. (Texas Tech) C.P.A.; P. Mitchell, MAcc and other financial institutions, government and others that rely on (New Mexico State) C.P.A.; C. Mora -Monge, Ph.D. (Toledo) - supply chain information systems to support their business. management, information systems; J. Park, Ph.D. (LSU) - financial accounting and accounting information systems; U. Peters, Ph.D., (Baylor) - information Graduate Program Information systems; E. Scribner (emeritus), Ph.D.(Oklahoma State)- C.P.A.; C. Seipel The last two decades have witnessed a tremendous expansion in the (emeritus), Ph.D.(Oklahoma State)– C.P.A., C.F.E.; Z. Shen, Ph.D. (Case knowledge base required for accounting professionals. The business Western Reserve University) - information systems; R. Shindi, Ph.D. (New environment has become increasingly complex, as evidenced by Mexico State) - human-computer interaction; L. Tunnell (emeritus), Ph.D. the growth in the body of national and international accounting and (Oklahoma State) C.P.A.; Y. Zhang, Ph.D. (Texas Tech) - financial accounting. auditing standards, taxation, SEC and other regulatory requirements. The accountant must also be well versed in communications and analytical Accouting Courses skills, computer-based information systems, professional ethics and ACCT 101. Supplemental Instruction to ACCT 221 global issues. 1 Credit (1) Collaborative workshop for students in ACCT 221 – Financial Accounting. Neither the traditional four-year accounting program nor the MBA Course does not count toward departmental degree requirements. May be provides the educational breadth and depth necessary to fully prepare repeated up to 2 credits. Restricted to Las Cruces campus only. students for the demands now imposed by many accounting careers. Corequisite(s): ACCT 221. The major objective of the Master of Accountancy (MAcc) program is to provide for these increased educational needs and to prepare ACCT 200. A Survey of Accounting students more adequately for careers as professional accountants in 3 Credits (3) financial institutions, government, not-for-profit organizations and public Emphasis on financial statement interpretation and development of practice. The program is designed to provide a technical and theoretical accounting information for management. For engineering, computer foundation in accountancy at the advanced level and yet allow the science, and other non business majors. Community Colleges only. student to take courses to accommodate individual needs. Prerequisite: one C S course or consent of instructor. ACCT 2110. Principles of Accounting I Degrees for the Department 3 Credits (3) Bachelor Degrees An introduction to financial accounting concepts emphasizing the analysis of business transactions in accordance with generally accepted Accounting - Bachelor of Accountancy accounting principles (GAAP), the effect of these transactions on the financial statements, financial analysis, and the interrelationships of the Information Systems - Bachelor of Business Administration financial statements. Master Degree Learning Outcomes 1. Analyze business transactions, their effects on the financial Accounting - Master of Accountancy statements and the interrelationships of the financial statements involving the following:Cash transactions; Receivables and Net Minors for the Department Realizable Value; Operational Assets and Depreciation; Inventory; Undergraduate Current Liabilities; Long-term Liabilities Accounting - Undergraduate Minor 2. Define, identify and demonstrate the impact of adjusting entries on financial statements. Enterprise Systems - Undergraduate Minor 3. Explain and demonstrate the differences between cash and accrual basis accounting. Information Systems - Undergraduate Minor 4. Define and identify generally accepted accounting principles. 2 Accounting and Information Systems ACCT 2120. Principles of Accounting II ACCT 451. Auditing Theory and Practices 3 Credits (3) 3 Credits (3) An introduction to the use of accounting information in the management Auditing standards, audit evidence, auditors reports and opinions, and decision making processes of planning, implementing, and controlling professional responsibilities. business activities. In addition, the course will discuss the accumulation Prerequisite(s): ACCT 351 and C- or better in ACCT 302. and classification of costs as well as demonstrate the difference between ACCT 455. Federal Taxation II costing systems. 3 Credits (3) Prerequisite(s): ACCT 2110. Federal income tax laws applicable to partnerships, corporations, Learning Outcomes fiduciaries, tax research, tax planning. 1. Identify the differences between financial and managerial accounting. Prerequisite(s): C- or better in ACCT 403 or consent of instructor. 2. Illustrate the accumulation of costs in cost accounting systems. ACCT 456. Accounting for Nonprofit Organizations 3. Describe the basic elements of the budgeting process, its objectives 3 Credits (3) and budget preparation. Control and reporting problems unique to governmental units and other 4. Define and classify cost behavior. nonprofit organizations. Fund accounting principles, procedures, and 5. Perform cost-volume-profit analysis for decision-making. reports. 6. Perform differential (incremental) analysis for business decision Prerequisite(s): C- or better in ACCT 302. making. ACCT 458. Accounting Data Analytics 7. Explain the cause of the variance and its effect on the income 3 Credits (3) statement. Data Analytics in financial and managerial accounting and auditing. 8. Explain and demonstrate the difference between traditional costing Restricted to: Accounting majors. and activity-based costing. Prerequisite(s): C- or Better in ACCT 301, ACCT 302, and ACCT 351. ACCT 460. Fraud Examination and Prevention ACCT 301. Financial Accounting I 3 Credits (3) 3 Credits (3) Covers business fraud as it is occurring in American society. Emphasis is Concepts, principles, and practices of financial accounting, stressing the on occupational fraud and financial statement fraud. Examines various determination of income and financial position. A student who does not types of fraud, its symptoms and effective investigation techniques. pass the class within three attempts will not be allowed to take class for Effective fraud prevention measures are discussed throughout the a fourth. course. Emphasizes case studies and the application of principles to Prerequisite(s): C or better in ACCT 2110 or (OATS 120 and OATS 121) actual fraud cases. and ACCT 2120. Prerequisites: a C- or better in ACCT 451 or concurrent enrollment. ACCT 302. Financial Accounting II ACCT 490. Selected Topics 3 Credits (3) 1-3 Credits A continuation of ACCT 301. Current topics in accounting. Prerequisites vary according to the seminar Prerequisite(s): C- or better in ACCT 301. offered. May be repeated for a maximum of 12 credits under different ACCT 351. Accounting Systems subtitles. 3 Credits (3) ACCT 498. Independent Study Covers accounting information systems as processors of data for 1-3 Credits financial reporting and control of economic organizations. Individual studies directed by consenting faculty with the prior approval Prerequisite(s): C or better in ACCT 2110 or (OATS 120 and OATS 121) of the department head. May be repeated up to 3 credits. Consent of and ACCT 2120. Instructor required. ACCT 353. Cost Accounting Prerequisite(s): Consent of instructor. 3 Credits (3) ACCT 500. Concepts in Accounting The development and use of cost accounting information for inventory 1 Credit (1) valuation, income determination, and cost control. A student who does Development, interpretation, and use of accounting information for not pass the class within three