ACCT U225. Financial Accounting (3) Principles of external financial
reporting for business entities, including income measurement and deter-mination
of financial position. Prerequisites: MATH U120, or MATH U121,
or MATH U122, or MATH U126
ACCT U226. Managerial Accounting (3) Attention-directing and problem-solving
functions of accounting in relation to planning and control, evaluation
of performance, and special decisions. Prerequisite: ACCT U225.
ACCT U331. Intermediate Accounting I (3) Financial accounting theory
and practice as they relate to generally accepted accounting principles and
the accounting standard codification. Included are external financial reports
with emphasis on the balance sheet and the income statement. Emphasis is
placed on differences between US and international standards. Prerequisites:
54 credit hours earned and ACCT U226.
ACCT U332. Intermediate Accounting II (3) Expands upon the financial
accounting concepts and principles in Intermediate Accounting I and the
accounting standard codification. Key concepts include current liabilities,
bonds, earnings per share, pensions, leases, and stockholders’ equity.
Emphasis is placed on differences between US and international standards.
Prerequisites: 54 credit hours earned, FINA U363, and ACCT U331 with a
minimum grade of C.
ACCT U333. Accounting for Decision-Making and Control (3)
Application of cost accounting concepts and information used by busi-ness
organizations to make strategic organizational and operational
decisions. Topics include the role of planning and control in attaining
organizational goals and objectives; the relationship among cost
structures, cost behavior, and operating income; differential analysis
in decision-making; and ethical issues for accountants. Prerequisites:
54 credit hours earned and ACCT U226.
ACCT U335. Individual Tax Planning (3) Federal income tax law as
it relates to planning individual transactions to minimize income taxes.
Includes preparation of individual tax returns. Prerequisites: 54 credit hours
earned and ACCT U226.
ACCT U336. Governmental and Not-for-profit Accounting (3) Principles
and procedures of accounting for the various funds of governmental and
not-for-profit organizations and budgetary accounting for planning and
controlling of revenues and expenditures. Prerequisites: 54 credit hours
and ACCT U331.
ACCT U347. Legal Environment of Business (3) Legal system; crimes
and torts; consumer, anti-trust, labor and employment law; environment
and insurance; contracts and agency; business ethics; and international
matters. Prerequisite: 54 credit hours earned.
ACCT U348. Issues in Commercial Law (3) Corporations, bankruptcy, and the
Uniform Commercial Code. Prerequisites: 54 credit hours earned and ACCT U347.
ACCT U432. Advanced Federal Income Tax (3) Estates and trusts,
partnerships, corporations, foreign income, gift, and social security taxes.
Prerequisite: ACCT U335.
ACCT U433. Accounting Information and Control Systems (3) Use basic
accounting software such as Quick Books, Excel and XBRL. Design and imple-ment
an accounting information system. Understand SOX requirements for
internal controls and control audits. Understand internal control frameworks
such as the COSO and COBIT frameworks. Apply these frameworks to internal
controls. Evaluate internal control effectiveness. Prerequisites: ACCT U331
or ACCT U333, and MGMT U290.
ACCT U435. Auditing (3) Principles of auditing including basic concepts
that underlie the financial statement audit processes. Application of audit
principles and concepts regarding reporting requirements of the indepen-dent
auditor as well as review of internal controls, audit procedures, and
development of audit programs will be emphasized. Prerequisites: ECON
U292, ACCT U332; Prerequisite or Co-requisite: ACCT U433.
ACCT U436. Advanced Auditing (3) Applications of auditing through
case studies and computerized practice sets. Topics include audits of small
businesses, forecasts, projections, compilations and the emerging nature of
international auditing. Prerequisites: ACCT U435. Only offered in the summer.
ACCT U437. Advanced Accounting (3) Accounting for business combina-tions.
Consolidated financial statements; international transactions including
the use of derivatives in international business; accounting for partnership
establishment; and liquidation. Prerequisite: ACCT U332.
ACCT U438. Accounting Theory (3) Focused research using databases
from the Financial Accounting Standards Board, the Securities and Exchange
Commission, and the International Accounting Standards Board to interpret
accounting problems. Prerequisites: ACCT U332 and senior standing. Only
offered in the summer.
ACCT U455. Topics in Accounting (3) Contemporary areas of accounting.
May be repeated with permission of advisor. Prerequistes: 54 credit hours
earned and permission of the instructor.
AFRICAN AMERICAN STUDIES (AFAM)
AFAM U201. Introduction to African American Studies (3) An introduc-tion
to the methods and themes of African American Studies. Topics include
the development of the discipline, major frameworks, research and writing
in the subject area. Prerequisite: ENGL U102.
AFAM U204. African American Culture (3) An introduction to the ideas
and customs of African Americans including but not limited to artistic,
anthropological, psychological, linguistic, and culinary dimensions. Pre-requisite:
AFAM U398. Topics in African American Studies (3) Intensive study of
selected topics. Prerequisite: ENGL U102.
AFAM U399. Independent Study (1-3) An individualized, contracted
program of work planned in conjunction with a faculty member. Prerequisite:
consent of instructor.
ADVANCED MANUFACTURING MANAGEMENT (AMMG)
Course Descriptions 183
2019-2020 USC Upstate Catalog