19 courses with the subject ACCT, each shown exactly as we captured it from the college's catalog, with every element we hold. Where the wording looks broken, that is our reading of the catalog, not the college's text.
ACCT 240Principles of Accounting I3
Introduction to the basics of the accounting cycle, including the analysis of accounting transactions and how accounting transactions impact the preparation of the Financial Statements. Introduction to generally accepted accounting principles (GAAP) for transactions common among all companies reporting in the US.
Continuation of ACCT 240 . Introduction to internal accounting tools and techniques common among all companies for determining the cost to provide a product or service. Introduces cost-volume-profit analysis, budgeting, standard costing and analysis of variances between budgeted amounts and actual results. Introduction to the format and interpretation of the Statement of Cash Flows.
Review of the accounting cycle; development of the theoretical foundation of financial reporting; accounting for assets; payroll accounting; additional topics related to current developments in financial accounting and reporting. Offered fall semester only.
Continuation of ACCT 340 . Accounting for assets, liabilities, stockholders’ equity, and cash flows; financial statement disclosure and analysis; additional topics related to current developments in accounting. Offered spring semester only.
The study of basic cost accounting systems and concepts. Consideration of inventory costing, cost variance analysis, budgeting, and managerial decision-making based on economic considerations. Offered spring semester only.
A comprehensive study of income tax problems relating to individuals. These topics, among others, will be studied: income, exclusions, gain or loss on sales, exchange and involuntary conversions, deductions, exemptions and credits. Offered fall semester only.
A comprehensive study of income tax problems relating to partnerships, corporations, specially taxed corporations, estates and trusts. Offered spring semester only.
Continuation of ACCT 341 . Accounting for leases, pensions, and income taxes; effect of accounting changes; revenue measurement and income presentation; accounting for partnerships; additional topics related to current developments in financial accounting and reporting. Offered fall semester only.
Fraud examination will cover the principles and methodology of fraud detection and deterrence. The course includes such topics as skimming, cash larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement schemes, non-cash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses. The course includes a focus on current events related to fraudulent activity. Offered spring semester only. Prerequisite(s) or
This course is designed to present students concentrating in accounting with a broad overview of the legal environment of U.S. business operations with emphasis on areas of substantive law that entry level professional accountants are expected to know. Offered spring semester only.
This course introduces students to accounting information systems (AIS) and their role in supporting financial and managerial decision-making. The course covers AIS integration with accounting principles and IT, emphasizing system documentation, database management, data analytics, and internal controls. Students explore fraud prevention, risk management, and emerging technologies like blockchain, AI, and cloud computing. Through hands-on projects and case studies, they develop technical, analytical, and communication skills essential for designing, evaluating, and using AIS effectively in modern organizations.
maximum of 6 credits An on-the-job learning experience designed to give students an opportunity to apply their technical and professional skills and to observe organizations in action.
Cumulative and major GPA of 2.33 or greater, 60 credits, declared business or economics major and a declared concentration, MANG 391 , ACCT 340 , and permission of internship director, 2-3 credits per internship placement; limited to a maximum of 6 credits.
Corequisite
None
ACCT 495Special Topics1-3
Selected topics in accounting. An individually designed course that allows the student to pursue advanced topics in specific accounting areas. Topics may vary from semester to semester. May be repeated for credit when topics change.
Students conduct an in-depth project in accounting under the direction of a faculty member and the Longwood Senior Thesis Committee. May be repeated as 499.
