Accounting & Information Systems



ACCT-200 Financial Accounting

Introduction to accounting for internal and external reporting. Emphasizes corporate financial accounting and reporting. Covers theoretical and practical issues related to accounting and reporting of assets, liabilities, owners' equity, revenues, expenses, gains, and losses. Emphasis is placed on the importance of financial accounting information for investment and credit decisions. PRDV-100 Using Computers is highly recommended but not required. Prerequisites: Either accounting major, finance major, business administration - finance emphasis major or sophomore standing.

ACCT-210 Legal Environment

The legal environment as it relates to business. Considers essential elements of consumer protection law, employment law, environmental regulation, court procedures, torts, introduction to contracts, agency law and selected laws regarding corporations. Prerequisite: Sophomore standing or permission of the instructor.

ACCT-220 Introduction to Taxation

The objective of this course is to provide students with an initial background in federal income tax. The course builds an appreciation of federal income tax laws, as opposed to accounting principles and theory. It is designed to develop a fundamental knowledge of basic federal income tax principles and concepts. The course is also designed to qualify the student as a TCE (tax counseling for the elderly) volunteer. This program is offered in the spring and is not a course requirement. The TCE program is specifically targeted to the elderly and is offered at the Selinsgrove Senior Center. The topics discussed in this course include the following: gross income inclusions and exclusions, adjusted gross income, deductions, exemptions, filing status, sales and exchanges of property, the earned income credit, the credit for the elderly, education credits, and capital gains and losses. Pennsylvania taxes are also covered. Prerequisite: ACCT-200.

ACCT-300 Financial Statement Analysis

Study of the information contained in balance sheets, income statements, statements of cash flow, and footnotes in the annual reports of corporations. Includes analysis of the relationships and predictability of such information. The course includes case studies, computerized analyses and library research. Prerequisite: ACCT-200.

ACCT-301 Intermediate Accounting I

Covers the theoretical and conceptual framework of financial accounting and the content and usefulness of financial statements. Also provides in-depth coverage of the accounting and reporting issues related to operating activities of business enterprises. Special projects include case studies and position papers requiring research into pronouncements of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). Prerequisites: ACCT-200 and junior standing.

ACCT-302 Intermediate Accounting II

Continuation of ACCT-301, emphasizing accounting and reporting issues for investing and financing activities of a business enterprise. Additional coverage of latest developments in financial accounting. Special projects include cases and position papers requiring research into pronouncements of the FASB and IASB. Prerequisite: ACCT-301 or permission of the instructor.

ACCT-305 Federal Taxation

This course is a continuation of ACCT-220 Introduction to Taxation. It emphasizes tax research through the use of RIAs Checkpoint and LexisNexis. The students also learn how to prepare tax returns using a computerized tax return preparation program such as TurboTax. Technical tax topics are covered in more depth. Learning is accomplished through the use of case studies, such as Prentice-Hall's Life of Riley. There is a heavy emphasis on learning to recognize and research tax issues. The course places a considerable emphasis upon the development of the student's ability to recognize, interpret and weigh the various and often conflicting sources of the tax law. These sources include the Internal Revenue code, congressional committee reports, Treasury Department regulations, IRS pronouncements, federal court precedents, and commentaries of tax practitioners and academicians. The student is exposed to the various sources of the tax laws: how to find them, how to correctly cite them, how to read and interpret them, and how to weigh conflicting authorities in formulating recommendations. The course also develops and refines students' analytical and legal reasoning skills and their diagnostic instincts and abilities. Prerequisite: ACCT-220.

ACCT-309 Accounting Information Systems

In this course students are introduced to information systems concepts and practices in relation to roles of user, designer and reviewer (auditor). Common to these three roles is the importance of systems documentation and internal control. Students review and analyze typical business processes, evaluate internal controls commonly implemented by business firms, and are exposed to a wide variety of tools, trends and techniques. These include flowcharts and communications tools, database management systems, enterprise resource planning (ERP), e-business and traditional legacy processing. Prerequisites: INFS-174 and ACCT-200.

ACCT-310 Advanced Business Law

A study of contracts, employment law, anti-trust law and commercial transactions. Includes negotiable instruments, sales, creditors' rights, personal property and bailments. Prerequisite: ACCT-210.

ACCT-330 Cost Management

Study and comparison of traditional and emerging costing systems. Traditional costing emphasizes accounting procedures for inventory valuation, budgeting and investment decisions with emphases on unit-based cost behavior; job, process and standard costing; variance analysis; break-even analysis; and time-value decision models. Emerging costing emphasizes the understanding of cost behavior as a strategic tool of general management. The course also covers concepts such as activity-based costing and the theory of constraints. Prerequisites: ACCT-200 and either junior standing or sophomore standing for accounting major or finance major.

ACCT-340 Governmental & Non-Profit Accounting

Introduction to the theory and practice of accounting for nonprofit organizations, such as government operations, hospitals, colleges and arts facilities. Includes budgeting as well as bookkeeping and reporting practices. (Offered in alternate years.) Prerequisite: ACCT-200.

ACCT-405 Federal Taxes II

Continuation of ACCT-305, emphasizing taxation of corporations and partnerships, estate and gift taxation, and tax practice and procedure. Includes tax research project. Prerequisite: ACCT-305 or instructor's permission.

ACCT-410 Consolidations

Theory and practice of accounting for business combinations. Topics include cost, equity and consolidation methods, and the consolidation of parent-subsidiary operations, including minority interests. Prerequisites: ACCT-302 or ACCT-301 and permission of the instructor.

ACCT-420 Auditing

An introduction to the theoretical and conceptual foundations of auditing. Topics include risk analysis, sampling and testing, internal control structures, evidence, financial statement audits, systems audits, and reporting. The course also covers practice, duties, ethics and responsibilities of certified public accountants. Prerequisites: ACCT-309 and ACCT-302 or ACCT-309 and ACCT-301 with the permission of the instructor.

ACCT-430 Managerial Accounting Policy

Extended study of traditional managerial accounting concepts involving cost systems, budgeting, performance and variance analysis, behavior accounting, break-even and capital budgeting models, and direct cash flow statements. Introduction to more recently developed cost management topics, including the theory of constraints, activity-based costing/management, target costing, backflushing, learning curves, stochastic models and extension of capital budgeting models. Prerequisites: ACCT-330 and junior standing.

ACCT-496 Topics in Accounting

Topics of current importance and interest in accounting. Emphasizes readings from the current literature. Prerequisites: ACCT-200 and at least two additional semester hours of accounting.

ACCT-501 Independent Study

Individualized academic work for qualified students under faculty direction. Usually studies special topics not covered in regularly offered courses. Prerequisites: Junior or senior standing and approval of instructor and department.

ACCT-502 Senior Research

An extensive accounting-related research project under faculty supervision. Prerequisites: Senior standing, formal proposal statement before registration, acceptance by faculty supervisor and department head's permission.

ACCT-503 Internship

On-the-job supervised experience at a public accounting firm, corporation, governmental agency or nonprofit organization. Prerequisites: Internship coordinator's permission and acceptance by organization.

Information Systems

INFS-174 Database Systems Analysis and Design

This course deals primarily with the development of the approaches for the analysis, design, and development of database systems in today's business environment. Major emphasis is placed on the development of a series of models that culminate with the creation of a working database system. These models cover the entire system's develpment life cycle and are critical to ensure the development of an effective database solution. Prerequisites: Sophomore standing and PRDV-100 or COMM-101.

INFS-271 E-Business Applications Development

An introduction to the basics of client/server computing and Web-based system development. The course covers the concepts of networking, Web technologies, HTML (hyper-text markup language), client-side scripting (JavaScript), server-side scripting (PHP, ASP, and ISP), and structured query language (SQL) The course builds upon Database Systems Analysis and Design by linking an interactive Web design to a database. Prerequisite: INFS-174.

INFS-276 Simulation Models

Design, development and use of computer models for planning, allocation and scheduling in the manufacturing and service sectors. Uses queuing theory and statistical analysis to interpret results. Includes the use of Simul8 or some other special-purpose simulation language. Prerequisites: A statistics course such as MATH-108, MATH-180, MGMT-202, PSYC-123 or equivalent and either PRDV-100 or COMM-101.

INFS-375 Database Programming

A practical course to teach database programming in SQL. Topics include relational database management systems fundamentals such as extended entity-relationship modeling, normalization and physical database file organization. Additional topics include database administration and data warehousing. Students develop a prototype database for an actual client. Prerequisites: CSCI-181, INFS-174 or CSCI-281.

INFS-472 Management Support Systems

This course provides a framework for managing the introduction, evaluation and assimilation of computer technology into organizations, focusing on information needs of middle and senior management. Case studies address management of information resources and selection of hardware and software. Prerequisites: INFS-174 and MGMT-203.

INFS-485 Artificial Intelligence

A brief summary of the tools, techniques and applications of artificial intelligence. Introduces problem solving and knowledge representation and selects topics from techniques for constructing models, robot design, language processing, computer vision, neural networks and expert systems. Same as CSCI-485. Prerequisites: CSCI-281, MATH-111 and either MATH-108 or MATH-180.

INFS-496 Topics in Information Systems

Topics of current importance and interest in information systems. Emphasizes readings from the current literature. Prerequisite: Instructor's permission.

INFS-501 Independent Study

Individualized academic work for qualified students under faculty direction. Usually studies special topics not covered in regularly offered courses. Prerequisites: Junior or senior standing and approval of instructor and department head.

INFS-502 Independent Research

A research project culminating in a substantive paper on a selected topic or field in computer science or information systems by arrangement with an instructor. Prerequisites: Junior or senior standing and permission of computer science department head or information systems department head.

INFS-503 Information Systems Internship

On-the-job supervised experience in a corporate or nonprofit organization. Prerequisites: Permission of internship coordinator and acceptance by organization.

INFS-504 Internship

INFS-505 Capstone

This semester-long course serves as a capstone experience for information systems majors, as well as business students whose primary emphasis is information systems. Students will engage in projects that can benefit a university or community group. These projects will change each year based on requests and arrangements made through the faculty in the Department of Management. The projects largely will focus the students on the development of database solutions to solve business-related problems. Prerequisites: INFS-271 and senior standing.

Personal Development

PRDV-100 Using Computers

Topics include basic operating concepts of computers and a hands-on introduction to their use for word processing, e-mail, spreadsheet modeling, presentation graphics, library research, the World-Wide Web and other uses on the Internet. Also discusses trends, projections and the impact of computers on society.

Course Catalog

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