Accounting (ACCT)

Courses in this department, with the exception of ACCT 131, and 200 are open to juniors and seniors only. The School of Business requires students at the Storrs campus to participate in the Mobile Computing Initiative before registering for the courses listed below. See the School of Business Catalog section for details about how this program operates. Students not participating in the initiative may be able to register for the following classes: ACCT 131, 200, 205.

Accounting majors are required to achieve a 2.0 grade point average in all accounting courses taken at the University of Connecticut, excluding grades and credits for independent studies (ACCT 299's) and internships (ACCT 289's) as a requirement for graduation.

131. Principles of Financial Accounting

Either semester. Three credits. Not recommended for freshmen.

The study of the generation and interpretation of accounting information as a basis for financial statement analysis and management decision-making.

200. Principles of Managerial Accounting

Either semester. Three credits. Prerequisite: ACCT 131. Open to sophomores or higher. Not open to students who have passed or are taking BADM 210. 

Internal reporting to managers for use in planning and controlling operating systems, for use in decision-making, formulating major plans and policies, and for costing products for inventory valuation and income determination.

201. Intermediate Accounting I

Either semester. Three credits. Prerequisite: ACCT 200; ECON 111 and 112 or 102

An in-depth study of financial accounting, giving particular emphasis to balance sheet valuations and their relationship to income determination.

202. Intermediate Accounting II

Either semester. Three credits. Prerequisite: ACCT 201.

A continuation of Accounting 201.

203. Advanced Accounting

(Also offered as ACCT 303.) Either semester. Three credits. Prerequisite: ACCT 202.

An in-depth study of accounting for business combinations. Coverage will also be given to accounting for nonprofit entities and contemporary issues in financial accounting.

205. Introduction to a Profession

First semester. One credit. Prerequisite: ACCT 131. Required for Accounting majors.

Designed to help students (1) understand the professional responsibilities of accountants, (2) enhance one's knowledge of the structure of the accounting profession and the reporting process, (3) evaluate alternative accounting careers, and (4) prepare for accounting internship and career opportunities. Consists of a series of evening seminars. Topics include: alternative accounting careers, accounting standard setting, professional certification for accountants, and analysis and interpretation of accounting information. A major course project involves the analysis of the annual report of a real-life company. The course will also introduce and allow students to interact with UConn accounting alumni in a variety of accounting careers.

221. Cost Accounting

Either semester. Three credits. Prerequisite: ACCT 200 and OPIM 203 (may be taken concurrently).

The study of (1) product costing as a basis for income determination and inventory valuation and (2) accounting concepts for planning and controlling organizational operations.

243. Assurance Services

(Also offered as ACCT 304.) Either semester. Three credits. Prerequisite: ACCT 202.

This course focuses on issues relevant to the public accounting profession, such as legal liability and ethics, audit risk analysis, planning of audit engagements, audit reports, and other assurance services and reports. Students will learn to think critically about issues facing the accounting profession, primarily by analyzing cases and completing a number of individual and group research projects.

260. Federal Income Taxes

Either semester. Three credits. Prerequisite: ACCT 131.

A study of the underlying concepts of federal income taxation. Emphasis to be placed upon the impact of taxes on business decisions.

289. Field Study Internship

Either or both semesters. Six credits. Hours by arrangement. Prerequisite: courses in Principles of Managerial Accounting, Cost Accounting and Intermediate Accounting, as well as consent of instructor and department head. Students taking this course will be assigned a final grade of S (satisfactory) or U (unsatisfactory).

Designed to provide students with an opportunity for supervised field work. Students will work with one or more professionals in their major academic area. Student performance will be evaluated on the basis of an appraisal by the field supervisor and a detailed written report submitted by the student.

293. Foreign Study

Either or both semesters. Credits and hours by arrangement, up to a maximum of six credits. Consent of department head required, prior to the student's departure.

Special topics taken in a foreign study program.

296W. Senior Thesis in Accounting

Either semester. Three credits. Hours by arrangement. Open only to Accounting Department Honors Students with consent of instructor and Department Head. Prerequisite: ENGL 110 or 111 or 250.

298. Special Topics

Either semester. Credits and hours by arrangement. Prerequisite: Announced separately for each offering. With a change in content, may be repeated for credit.

Classroom course in special topics as announced in advance for each semester.

299. Independent Study

Either or both semesters. Credits by arrangement, not to exceed six in any semester. Open only with consent of instructor and Department Head.

Individual study of special topics as mutually arranged between a student and an instructor.