Accounting
Richard L. Ott, Head
Professors Deines and Ott; Associate Professors Fisher, Kovar, Thomas, and Vruwink; Assistant Professors Linville and Valentine; Instructors Charland, Lyle, Smith, Vogt, and Woods.
www.cba.k-state.edu/departments/accounting/
Accounting is often called the “language of business” because its terms and concepts are used to describe the daily events of business. The accountant measures and reports to various users the relevant financial information necessary for decision making.
The objective of the undergraduate accounting program is to provide basic conceptual accounting and business knowledge as a foundation for the fifth-year (master of accountancy) program. Requirements that accomplish this objective are specified below.
Requirements for major
| BAPP Program | 63 | |
| (See general section of the College of Business Administration.) | ||
| Business core courses | 21 | |
| FINAN 450 | Principles of Finance | 3 |
| MANGT 420 | Management Concepts | 3 |
| MANGT 421 | Introduction to Operations | |
| Management | 3 | |
| MANGT 595 | Business Strategy | 3 |
| MANGT 596 | Business, Government, and Society | 3 |
| MKTG 400 | Marketing | 3 |
| STAT 351 | Business and Economic Statistics II | 3 |
| Major field | 24 | |
| ACCTG 331 | Accounting Processes and Controls | 4 |
| ACCTG 342 | Taxation I | 3 |
| ACCTG 432 | Managerial Reporting | 3 |
| ACCTG 433 | Financial Reporting | 3 |
| ACCTG 434 | Accounting for Not-For-Profit | |
| Entities | 2 | |
| ACCTG 442 | Auditing | 3 |
| ACCTG 641 | Accounting Theory and History | 3 |
| ACCTG 642 | Accounting Research | 3 |
| Economics electives (All courses numbered above 120 except 505 and 506) | 6 | |
| Restricted electives | 9 | |
| Humanities, natural sciences, quantitative, or social science courses below qualify for restricted electives. | ||
| Humanities—See BAPP requirements in this college section. | ||
| Natural science—See BAPP requirements in this college section. | ||
| Quantitative—All courses in the computing and information sciences department numbered 300 or above; MATH 221 or 222; all statistics courses numbered 500 and above. | ||
| Social science—All courses in anthropology, political science, psychology, sociology, and economics, except those used as BAPP requirements or economics electives; all courses in geography, except those listed as natural sciences. | ||
| Unrestricted electives | 3 | |
| 126 | ||
Accounting courses
ACCTG 231. Accounting for Business Operations. (3) I, II. An introduction to the operating activities of businesses and the roles that accounting information plays in planning, evaluating, and recording those activities. An introduction to financial statements is included. Pr.: Sophomore standing and MATH 100.
ACCTG 241. Accounting for Investing and Financing. (3) I, II. Extends the concepts of planning and evaluation to the business activities of acquiring, disposing, and financing productive assets. Financial statement analysis will be covered. Pr.: ACCTG 231.
ACCTG 331. Accounting Processes and Controls. (4) I, II. The accounting information system will be shown as a means of insuring the accuracy of information and safeguarding assets. Students will interpret documents and record many transactions that typically occur in business, governmental units, and not-for-profit entities. Four hours lec. and voluntary one hour lab a week. Pr.: ACCTG 241.
ACCTG 342. Taxation I. (3) I, II. Fundamental concepts of income determination in federal and state income tax regulations; examination of the impact of tax regulation on business and personal financial planning and decision making. Pr.: ACCTG 331, or ACCTG 241 and senior standing.
ACCTG 431. Problems in Accounting. (Var.) I, II. Pr.: Background of courses needed for the problems undertaken in accounting and consent of instructor.
ACCTG 432. Managerial Reporting. (3) I, II. Identifying relevant accounting data and organizing, summarizing, and analyzing that data into information useful for planning and budgeting, decision making, controlling, and evaluating functions of management. Pr.: ACCTG 331, MANGT 421 and senior standing.
ACCTG 433. Financial Reporting. (3) I, II. An introduction to the U.S. and international rules and regulations that govern current reporting to external entities by profit entities. Pr.: ACCTG 331 and senior standing.
ACCTG 434. Accounting for Not-For-Profit Entities. (2) I, II. An introduction to the source of authoritative guidance, rules and regulations that govern current reporting to external entities by not-for-profit entities. Pr.: ACCTG 641.
ACCTG 442. Auditing I. (3) I, II. An introduction to the environment of auditing and the objectives and techniques of both financial and operational auditing. Pr.: ACCTG 433. For accounting majors only.
ACCTG 494. Law for Accountants. (3) II. An intensive study of an accountant's professional responsibilities to the public and the profession and the knowledge of the legal implications of business transactions, particularly as they relate to accounting and auditing. Pr.: Senior standing.
ACCTG 631. Accounting Internship. (3) I, II. Provides a full semester of practical accounting experience prior to entering graduate accounting program.
ACCTG 641. Accounting Theory and History. (3) I, II. The theories which underlie the practice of accounting and financial reporting including a historical perspective on the evolution of the theories. Pr.: ACCTG 331.
ACCTG 642. Accounting Research. (3) I, II. Use of the sources of authoritative guidance in resolving complex, professionally oriented problems in financial, auditing, and tax reporting. Analysis and presentation of case-material is covered. Pr.: ACCTG 342, 433, and 442. (Note: Students may be enrolled conc. in ACCTG 442.) For accounting majors only.