UndergraduateCatalog20-21 | Page 175

Gwynedd Mercy University
AY2020-2021 / Undergraduate Academic Catalog
Prerequisites : ACC-106 ; minimum grade C ( Required , Previous ).
ACC-305 Cost Accounting ( 3 ) An examination of the role and attitude of the cost manager and the skills necessary to gather information for the analysis of business situations . The goal of decision-making is stressed . The course contains analysis of costs including job , process and standard costing as well as the study of processes and efficiencies . Prerequisites : ACC-205 with minimum grade C ( Required , Previous ).
ACC-315 Personal Taxes ( 3 ) An intensified course involving taxation of individuals ; tax policy , tax research , tax history , technical tax provisions , and tax planning including tax practice suggestions . Prerequisites : ACC-106 ; minimum grade C ( Required , Previous ).
ACC-316 Investment and Business Taxation ( 3 ) A course designed to examine federal taxation of property transactions and the taxation of various forms of business organizations such as corporations , partnerships and S corporations . Prerequisites : ACC-315 ; minimum grade C ( Required , Previous ).
ACC-317 Accounting Information Systems ( 3 ) Principals involved in establishing an accounting information system included are source documents , internal control , and the interfaces needed for managerial control of the business . The integration of managerial accounting , information needs with the design and implementation of systems is studied . Prerequisites : ACC106 ( Required , Previous )
ACC-405 Advanced Accounting ( 3 ) This course includes aseries of discrete topics not previously included in other courses plus topics considered in greater depth here than in previous courses . Included are GAAP accounting , business combinations , government accounting , foreign currency translation and derivatives . Prerequisites :, ACC-206 , ; ( Required , Previous ).
ACC-406 Auditing / Fraud ( 3 ) A study and critical appraisal of current auditing standards related to the examination of financial statements by an independent auditor for both public and privately owned businesses . The course also applies many of the same auditing techniques to discover fraud , through the use of case studies , exploring the moral and ethical problems and issues of the accountant in auditing and detecting fraud . Prerequisites : ACC-106 , ACC-205 , ACC-206 , ACC-305 ; minimum grade C ; ( Required , Previous ).
ACC-408 Advanced Accounting II ( 3 ) This course will pursue further complex accounting issues not covered in previous courses . Topics will include : GAAP and IFRS handling of international currency transactions , fiduciary accounting , including both bankruptcy and estates and trusts , and accounting for non-profit organizations . Prerequisites : ACC-405 ( Required , Previous ).
ACC-437 Special Topics ( 3 ) This course provides opportunity to research a current accounting issue under GAAP or IFRS , comparing and contrasting the handling and application of the account theory and practice .
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