Freshman

U. Freshman
	Accounting
	Acct 101	Introduction to the Theory and Practice of Accounting I. 4 hr.; 3 cr. Prereq. Minimum of 12 credits completed. Fundamentals of accounting information, the foundation of the accounting system for recording assets, liability and equity transactions, financial statement principles, and the preparation and interpretation of basic financial statements. Structure, double-entry model, initial, adjusting, and closing entries are covered. The theoretical and quantitative aspects of depreciation, inventory valuation, and stockholders' equity transactions are introduced and explored. Fall, Spring
	Elective
	1-3 credit course	Choose one elective course from approved elective course options on this page.

Sophomore

L. Sophomore
	Accounting
	Acct 102	Introduction to the Theory and Practice of Accounting II. 4 hr.; 3 cr. Prereq.: ACCT 101 and sophomore standing. A continuation of ACCT 101, with a much more in-depth study of the groundwork and constructed preparation needed in various balance sheet and income statement areas prior to the preparation of financial statements, including managerial accounting with basic quantitative analysis. Fall, Spring




U. Sophomore
	Accounting
	Acct 201	Intermediate Accounting I and II. ACCT 201: 4 hr.; 4 cr. Prereq.: ACCT 102 and sophomore standing. ACCT 202: 3 hr.; 2 cr. Prereq.: ACCT 201 and junior standing. Intensive study of the theories of financial accounting, generally accepted accounting principles, and applications thereof, including relevant standards, statements, and opinions of the FASB, AICPA, and SEC. Pertinent mathematical principles and applications relating to financial accounting are also presented. Fall, Spring
	Law & Taxation
	Acct 261	Business Law I. 3 hr.; 3 cr. Prereq.: Sophomore standing. Introduction to the law. Seeks to provide majors and nonmajors with an understanding of the law and the social forces that shape it. The basic structure through which law is implemented and enforced is reviewed, in addition to the specific rules of law relating to contracts, trusts, and estates. Fall, Spring (IS)
	Acct 305	Cost Accounting 3 hr: 2 cr. Prereq: Acct 102 and sophomore standing. The concepts and procedures used to account for the cost of manufacturing and selling, with their practical application in different types of cost accumulation systems (i.e. job-order costing, process costing, joint – product costing, standard costing and direct costing).

Junior

U. Junior
	Law & Taxation
	Acct 261	Business Law I. 3 hr.; 3 cr. Prereq.: Sophomore standing. Introduction to the law. Seeks to provide majors and nonmajors with an understanding of the law and the social forces that shape it. The basic structure through which law is implemented and enforced is reviewed, in addition to the specific rules of law relating to contracts, trusts, and estates. Fall, Spring (IS)

Senior

L. Senior
	Law & Taxation
	Acct 367	Federal and New York State Taxes on Income. 4 hr.; 4 cr. Prereq.: ACCT 102 and senior standing. An introduction to the federal income tax as it relates to individuals. Particular emphasis is given to the basic multitiered tax structure. The underlying concepts of basis, inclusion, exclusion, and deduction are defined, utilizing the Internal Revenue Code and related material. Special classes of taxpayers including partnerships, estates, trusts, corporations of various types, and foreign taxpayers are considered as well as accounting and procedural rules.