Any experimental courses offered by ACCT can be found at: registrar.iastate.edu/faculty-staff/courses/explistings/
Courses
Courses primarily for undergraduates:
(3-0) Cr. 3. F.S.SS.
Prereq: Sophomore classification
General history, structure, and principles of the US legal system. The legal system, as an agency of social control and tool for resolving disputes. The court systems, Constitution, torts, crimes, intellectual property, contracts, property rights, employment law, basic business entity law, bankruptcy, administrative agencies, environmental law and agency law.
(3-0) Cr. 3. F.S.SS.
Introduction to the basic concepts and procedures of financial accounting from a user perspective. The course examines the accounting cycle, business terminology, basic control procedures, and the preparation and evaluation of financial reports, with an emphasis on financial statement analysis.
(3-0) Cr. 3. F.S.SS.
Prereq: ACCT 284
Understanding of fixed and variable costs and their role in planning, control and performance evaluation. Examination of alternative costing methods. Making decisions by identifying and developing relevant information. Development of spreadsheet skills.
(1-0) Cr. 1. F.S.SS.
Prereq: ACCT 284
Interactive computer-based analysis of the accounting cycle including transactions and financial statements. Preparation of journal entries and adjusting entries and completion of the closing process.
(Cross-listed with MIS). Cr. 3. Alt. F., offered even-numbered years.Alt. S., offered odd-numbered years.SS.
Prereq: MIS 301, ACCT 284
Identification of open data sources and other private data sources. Develop methods of data access, collection, and sharing; develop methods to validate and standardize data sources; develop methods to assess data worthiness (risk).
(3-0) Cr. 3. F.S.
Prereq: ACCT 285; credit or concurrent enrollment in ACCT 301
Generation, communication and use of information to assist management with planning, control, and decision making in manufacturing and service organizations. Includes cost concepts and relevance to decision situations, operational and capital budgeting, and performance evaluation. Emphasis on developing effective teamwork skills as well as spreadsheet capabilities.
(3-0) Cr. 3.
Prereq: Credit or concurrent enrollment in ACCT 301; credit or concurrent enrollment in MIS 301
Concepts and procedures underlying creating, sharing, reporting, storing, and analyzing accounting data. Information technology internal controls and audit techniques. Trends in accounting information systems.
(3-0) Cr. 3. F.S.
Prereq: ACCT 284 and ACCT 301
The conceptual framework of financial accounting. Communication of financial information on the income and retained earnings statements, statement of cash flows, and the balance sheet. Accounting concepts relating to current and operational assets of the firm.
(3-0) Cr. 3. F.S.
Prereq: Minimum of C- in ACCT 386
Financial accounting and reporting practices for business entities. Generally accepted accounting principles (GAAP) relative to firm liabilities, equity, income, taxes, employee benefits, leases, accounting changes and cash flows. Discussion of current issues in financial accounting.
(Cross-listed with HCM). Cr. 3. F.S.
Prereq: FIN 301; credit or concurrent enrollment in HCM 301
Examination of the current accounting system for, and the financing of, health care and the factors affecting the industry. Exploration and analysis of budgetary concepts, financial management, cost accounting, and management under rate control and competition, as well as the differences between the goods and service industries. Additional areas of discussion include the practical application of health care finance theory as it applies to the current healthcare environment. The revenue and expense applications will be explored in-depth, particularly in relation to the delivery of health care services. Specific emphasis will be placed on understanding the components of the income statement and balance sheet, developing a budget, and using these financial statements for analyzing operational changes.
(Dual-listed with ACCT 516). (3-0) Cr. 3. F.S.
Prereq: ACCT 215
Continuation of 215. The Uniform Commercial Code as applied to sales contracts and negotiable instruments. Property law, wills and estates, insurance, secured transactions, corporation law, partnership law and antitrust law.
(Dual-listed with ACCT 561). (Cross-listed with ENTSP). (3-0) Cr. 3.
Accounting information recording, dissemination, and use by entrepreneurs. Introduces pro forma financials, venture capital, private equity, and state and federal regulations for business creation and formation. Other topics include intrapreneurship, intellectual property, information privacy, cybersecurity, and internal controls, including managing the risk of embezzlement.
(Dual-listed with ACCT 584). (3-0) Cr. 3.
Prereq: ACCT 384
Advanced accounting information systems concepts; database design and information retrieval, internal controls within computerized accounting information systems, financial reporting in an electronic environment.
(3-0) Cr. 3. F.S.
Prereq: Minimum of C- in ACCT 386 or ACCT 501
Introduction to the fundamentals of federal income taxation and concepts applicable to all tax entities. Addresses issues related to the measurement and recognition of income, deductions, gains, and losses, taxation of property transactions, and basis / cost recovery concepts. Includes coverage of tax law policy objectives, tax implications of business and investment decisions, tax versus financial reporting treatment of common business transactions, and ethical issues related to tax compliance and planning.
(Dual-listed with ACCT 587). (2-2) Cr. 3. Repeatable, maximum of 6 credits. S.
Prereq: ACCT 285 or ACCT 501 or Permission of Department
Introduction to and field work in the preparation of individual income tax returns (state and federal). Basic coverage of filing and residency status, taxable income, exemptions, deductions, and credits. Tax software usage and online filing.
(Dual-listed with ACCT 588). (3-0) Cr. 3.
Prereq: ACCT 386
Accounting and financial reporting principles of local and state governments, including universities, schools, and hospitals. In addition, accounting and financial reporting of non-profit organizations will be addressed. Financial statements of local governmental units and the university are explored.
(Dual-listed with ACCT 589). (3-0) Cr. 3. S.
Prereq: Junior classification or higher
Theory and practice of social and environmental reporting, the role of the corporation in society, and the mechanisms by which society might hold corporations accountable for their actions.
Cr. 1-3. Repeatable. F.S.SS.
Prereq: Permission of Department
(Dual-listed with ACCT 593). (3-0) Cr. 3. F.S.
Prereq: ACCT 386
Introduction to the fundamentals of corporate taxation issues. Discussion of concepts related to the formation and capital structure of corporations. Identification and effect of tax codes and regulations related to corporations. Discussion of operating rules, earnings and profits, distributions, as well as redemptions and liquidations of corporations.
(Dual-listed with ACCT 595). (3-0) Cr. 3.
Prereq: ACCT 387
Accounting for business combinations and affiliated companies, intercompany transactions, and consolidated financial statements; Partnership accounting; Segment and Interim Reporting; Multinational accounting.
(Dual-listed with ACCT 596). (3-0) Cr. 3.
Prereq: ACCT 386 or ACCT 501
Financial reporting issues in a global environment, including introduction to International Financial Reporting Standards (IFRS) and the potential for the use of IFRS in the U.S. Accounting and managerial issues faced by multinational corporations. Technical issues such as transfer pricing, inflation accounting and taxation will be discussed.
(3-0) Cr. 3. F.
Prereq: ACCT 387
Integrative studies in accounting. Development of critical thinking, ethical reasoning, professional research and teamwork skills. Written, visual, and oral communication with corporate stakeholders.
Courses primarily for graduate students, open to qualified undergraduates:
(3-0) Cr. 3.
Prereq: Enrollment in MBA program or Permission of Department
A general introduction to financial accounting information. Topics covered include the use and analysis of financial information, the regulatory environment, the role of International Financial Reporting Standards (IFRS), and the use of the internet and electronic spreadsheets as a means of accessing and analyzing financial data.
Cr. 3. F.
Prereq: ACCT 384 or Permission of Department
Applications and skills for performing data analytics in accounting contexts. Explores conceptual framework for providing data-driven insights and recommendations. Includes hands-on experiences working with different types of data and the latest analysis tools.
(Dual-listed with ACCT 416). (3-0) Cr. 3. F.S.
Prereq: ACCT 215
Continuation of 215. The Uniform Commercial Code as applied to sales contracts and negotiable instruments. Property law, wills and estates, insurance, secured transactions, corporation law, partnership law and antitrust law.
(Dual-listed with ACCT 461). (3-0) Cr. 3.
Accounting information recording, dissemination, and use by entrepreneurs. Introduces pro forma financials, venture capital, private equity, and state and federal regulations for business creation and formation. Other topics include intrapreneurship, intellectual property, information privacy, cybersecurity, and internal controls, including managing the risk of embezzlement.
(3-0) Cr. 3.
Prereq: Enrollment in the MRED or Permission of Department
Fundamentals of real estate finance and development from a legal perspective and in a transactional setting. Topics include land acquisition and finance, choice of entity, tax aspects, management, disposition of real property, and recent legal developments. Legal responsibilities of owners, designers, and contractors are also examined by highlighting typical contractual relationships in place throughout the design and construction process.
Cr. 3. F.S.SS.
Prereq: Enrollment in Master of Accounting
Preparation for certified examinations.
Offered on a satisfactory-fail basis only. Only two of ACCT 580A, 580B, 580C, 580D, 580E, and 580F may count toward graduation.
Cr. 3. F.S.SS.
Prereq: Enrollment in Master of Accounting
Preparation for the Auditing and Attestation (AUD) section of the Certified Public Accountant (CPA) examination.
Offered on a satisfactory-fail basis only. Only two of ACCT 580A, 580B, 580C, 580D, 580E, and 580F may count toward graduation
Cr. 3. F.S.SS.
Prereq: Enrollment in Master of Accounting
Preparation for the Business Environment and Concepts (BEC) section of the Certified Public Accountant (CPA) examination.
Offered on a satisfactory-fail basis only. Only two of ACCT 580A, 580B, 580C, 580D, 580E, and 580F may count toward graduation.
Cr. 3. F.S.SS.
Prereq: Enrollment in Master of Accounting
Preparation for the Financial Accounting and Reporting (FAR) section of the Certified Public Accountant (CPA) examination.
Offered on a satisfactory-fail basis only. Only two of ACCT 580A, 580B, 580C, 580D, 580E, and 580F may count toward graduation.
Cr. 3. F.S.SS.
Prereq: Enrollment in Master of Accounting
Preparation for the Regulation (REG) section of the Certified Public Accountant (CPA) examination.
Offered on a satisfactory-fail basis only. Only two of ACCT 580A, 580B, 580C, 580D, 580E, and 580F may count toward graduation.
Cr. 3. F.S.SS.
Prereq: Enrollment in Master of Accounting
Preparation for Part 1 (Financial Planning, Performance, and Analytics) of the Certified Management Accountant (CMA) examination.
Offered on a satisfactory-fail basis only. Only two of ACCT 580A, 580B, 580C, 580D, 580E, and 580F may count toward graduation
Cr. 3. F.S.SS.
Prereq: Enrollment in Master of Accounting
Preparation for Part 2 (Strategic Financial Management) of the Certified Management Accountant (CMA) examination.
Offered on a satisfactory-fail basis only. Only two of ACCT 580A, 580B, 580C, 580D, 580E, and 580F may count toward graduation.
(3-0) Cr. 3.
Prereq: Graduate Classification
Decision analysis applied to managerial accounting issues. Generation of information for management decision making and control. Responsibility accounting and non-recurring decisions.
(Cross-listed with MGMT). (3-0) Cr. 3.
Prereq: MGMT 503 or permission
Duties, structure, and functioning of top management teams and corporate boards of directors. CEO/board tenure and succession planning, top management compensation, board committee composition, assessment of CEO and board performance, theories of corporate governance, management of the corporate strategic agenda, governance codes, international governance, and chairman/CEO duality. Case studies and contemporary issues discussed.
(Dual-listed with ACCT 484). (3-0) Cr. 3.
Prereq: ACCT 384
Advanced accounting information systems concepts; database design and information retrieval, internal controls within computerized accounting information systems, financial reporting in an electronic environment.
(3-0) Cr. 3.
Prereq: ACCT 485
Integration of concepts from accounting, finance, and economics to determine how taxes affect business decisions. Provides students with a conceptual framework for thinking about business tax planning and applies it to various common business decisions.
(3-0) Cr. 3.
Prereq: ACCT 485
Advanced coverage of federal taxation including issues related to the taxation of corporations, partnerships, estates and trusts, and their owners. Includes coverage of rules, concepts, background, and planning opportunities related to a number of common transactions involving these entities.
(Dual-listed with ACCT 487). (2-2) Cr. 3. Repeatable, maximum of 6 credits. S.
Prereq: ACCT 285 or ACCT 501 or Permission of Department
Introduction to and field work in the preparation of individual income tax returns (state and federal). Basic coverage of filing and residency status, taxable income, exemptions, deductions, and credits. Tax software usage and online filing.
(Dual-listed with ACCT 488). (3-0) Cr. 3.
Prereq: ACCT 386
Accounting and financial reporting principles of local and state governments, including universities, schools, and hospitals. In addition, accounting and financial reporting of non-profit organizations will be addressed. Financial statements of local governmental units and the university are explored.
(Dual-listed with ACCT 489). (3-0) Cr. 3. S.
Prereq: Junior classification or higher
Theory and practice of social and environmental reporting, the role of the corporation in society, and the mechanisms by which society might hold corporations accountable for their actions.
Cr. 1-3. Repeatable. F.S.SS.
Prereq: Permission of Department
For students wishing to do individual research in a particular area of accounting.
(3-0) Cr. 3.
Prereq: ACCT 497 or ACCT 501
Principles and methodology of fraud detection and deterrence. Addresses the causes and elements of fraud, asset theft, corruption, financial statement mis-representation, internal controls for fraud prevention, investigative evidence gathering, and legal aspects of fraud.
(3-0) Cr. 3.
Prereq: ACCT 386 or ACCT 501
Presentation and analysis of financial statement information from the point of view of the primary users of such data: owners and creditors. Topics include the financial reporting system, the primary financial statements, effects of accounting method choice on reported financial data, and firm valuation.
(Dual-listed with ACCT 493). (3-0) Cr. 3. F.S.
Prereq: ACCT 386
Introduction to the fundamentals of corporate taxation issues. Discussion of concepts related to the formation and capital structure of corporations. Identification and effect of tax codes and regulations related to corporations. Discussion of operating rules, earnings and profits, distributions, as well as redemptions and liquidations of corporations.
(Dual-listed with ACCT 495). (3-0) Cr. 3.
Prereq: ACCT 387
Accounting for business combinations and affiliated companies, intercompany transactions, and consolidated financial statements; Partnership accounting; Segment and Interim Reporting; Multinational accounting.
(Dual-listed with ACCT 496). (3-0) Cr. 3.
Prereq: ACCT 386 or ACCT 501
Financial reporting issues in a global environment, including introduction to International Financial Reporting Standards (IFRS) and the potential for the use of IFRS in the U.S. Accounting and managerial issues faced by multinational corporations. Technical issues such as transfer pricing, inflation accounting and taxation will be discussed.
(3-0) Cr. 3.
Prereq: ACCT 497
A study of advanced auditing and assurance issues. Topics include auditor independence, audit risk analysis, internal control evaluation and reporting, fraud detection, data analytic applications in auditing, audit reporting, auditors' legal liability, and non-financial information assurance.
(3-0) Cr. 3. F.
Prereq: ACCT 386 or ACCT 501
Theoretical discussion of the financial accounting and reporting environment. The usefulness of financial accounting information for decision making. Current financial accounting issues, the financial accounting standard setting process, FASB Standards Codification, and the role of the SEC in financial reporting.
Cr. 2.
Prereq: Admission to the Master of Accounting Program
This course prepares students to complete their creative component project option in the Master of Accounting degree.