Required courses:
ACT 161 Financial Accounting| Basic concepts of accounting including: accounting for business transactions, preparation and use of financial statements, and measurement of owners' equity. 3 credits. |
| Cost-volume-profit relationships, cost analysis, business segment contribution, profit planning and budgeting as a basis for managerial decision making. Prerequisite: ACT 161 with a minimum grade of C- or better. 3 credits. |
| Study of the theory and development of generally accepted accounting principles as they relate to financial reporting; the application of these principles to the preparation of financial statements; special emphasis on revenue recognition as well as valuation, classification and disclosure of current assets. Prerequisite: ACT 162. 3 credits. |
| Study of the application of accounting principles for noncurrent assets, long-term liabilities and stockholder's equity, including analysis of financial statements. Prerequisite: ACT 251 with a minimum grade of C- or better. 3 credits. |
One of the following:
ACT 353 Cost Accounting| Analysis and use of techniques for cost management and control; the accumulation and recording of the costs including job-order, process and standard cost systems, joint and by-product costing; contemporary topics such as activity based costing and just-in-time manufacturing. Prerequisite: ACT 162. 3 credits. |
| A study of the process of evaluation of internal controls and interpretation of financial information to permit an auditor to express a professional opinion on financial reports. Prerequisite: ACT 252. 3 credits. |
Two additional ACT courses (not to include ACT 400)