OPEN TO ALL MAJORS
The accounting minor includes 18 credit hours. All courses are offered online. High-speed Internet access is required. To determine availability of a course for a particular semester, refer to the class schedule.
BUS 201 Principles of Accounting I—3 credits.
An introduction to financial accounting and how statements are used for decision making. Emphasis is placed on asset and liability measurement, reporting, and income determination. Prerequisites: 24 earned credits or consent of Department Chairperson.
BUS 202 Principles of Accounting II—3 credits.
An introduction to managerial accounting and how accounting information is used in managerial decision making. Topics include cash flow statements; budgeting; financial performance evaluation; managerial decision making; and product costing. Prerequisites: BUS 201
ACCT 301 Financial Accounting I—3 credits.
A study of the theoretical framework for accounting principles and procedures, the application of GAAP, and accounting for current assets, fixed assets, and revenue recognition. Prerequisites: BUS 202 with a C grade or better or consent of Department Chairperson.
ACCT 302 Financial Accounting II—3 credits.
A continuation of accounting principles and theory with emphasis on accounting for: intangible assets, liabilities, stockholder's equity, investments, income taxes, compensation, leases, and derivatives. Prerequisites: ACCT 301 with a C grade or better or consent of Department Chairperson.
ACCT 313 Accounting Systems—3 credits.
The study of fundamental technology concepts and internal control objectives associated with evaluating accounting information systems including basic business cycles, electronic commerce, communication networks, and database modeling as well as auditing computer based information systems. Prerequisites: BUS 202 with a grade of C or better.
ACCT 404 Introduction to Federal Income Taxation—3 credits.
Federal tax accounting for individuals. The nature and timing of gross income, exclusions, and deductions is emphasized. The impact of corporations, partnerships, and property transactions on the individual is covered. The structure of the Internal Revenue Code, regulations, and court decisions in the framework of tax research is also covered. Prerequisites: 12 credits of accounting with a C grade or better or consent of Department Chairperson.
ACCT 405 Advanced Federal Income Taxation—3 credits.
An advanced course in principles of federal taxation dealing with property transactions, partnerships, corporations, and S corporations. Prerequisites: 12 credits of accounting with a C grade or better or consent of Department Chairperson.
ACCT 410 Not-for-Profit Accounting—3 credits.
A study of the design and operation of government and not-for-profit accounting systems including financial reporting standards; financial statement preparation; analysis and interpretation; budgeting; fund accounting; and relevant emerging issues. Prerequisites: BUS 202.
Indiana State Online Students Residing Outside of Indiana: Each of the states has its own approval processes for out-of-state institutions offering online degrees. While Indiana State University endeavors to offer all of its programs to as wide an audience as possible, all ISU online programs may not be available in all states. Currently, online programs are not offered in the state of Massachusetts. To check the status of programs available in a particular state, visit program availability.
The Catalog of Indiana State University is the document of authority for all students. The requirements given in the catalog supersede information issued by any academic department, program, college, or school. The University reserves the right to change the requirements at any time.
Last updated 28 April 2014