For major requirements, see the School of Business Administration section of this Catalog.
Courses in this department, with the exception of Accounting 131, are open to juniors and seniors only.
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 (Accounting 299's) and internships (Accounting 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.
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 and ECON 112.
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 and OPIM 203 (formerly IMGT 203).
A continuation of Accounting 201.
203. Advanced Accounting
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.
203P. Advanced Accounting
This course and one additional P course from the Accounting Department constitute one W requirement.
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.
210. Management and Engineering for Manufacturing Accounting
First semester. Three credits. Prerequisite: Successful completion of ACCT 131 or Accounting Model Tutorial Module, with proficiency test in ACCT 210. Open only to MEM majors.
Understanding of cost management system concepts as applied to manufacturing enterprises. Designed for students with no prior accounting experience. Coverage of the interrelationships among product cost elements and the impact of accounting procedures on management decisions. Traditional and alternative cost accounting methods will be considered.
221. Cost Accounting
Either semester. Three credits. Prerequisite: ACCT 200 and OPIM 203 (formerly IMGT 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.
222. Cost Analysis
Either semester. Three credits. Prerequisite: ACCT 221.
An advanced study of the generation and use of accounting data, and the application of quantitative methods of analysis in management accounting.
243. Assurance Services
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.
243P. Assurance Services
This course and one additional P course from the Accounting Department constitute one W requirement.
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.
264. Advanced Federal Taxes and Tax Research
Second semester. Three credits. Prerequisite: ACCT 260.
An in-depth analysis of the tax aspects of corporations, partnerships, and S corporations, including their organization, operations (including international aspects), and liquidation. The course includes an examination of tax research methodology and techniques, using both printed and electronic materials, and discussions of cases requiring tax planning.
289. Field Study Internship
Either or both semesters. Six credits. Hours by arrangement. Prerequisite: Completion of Lower Division School of Business Administration Requirements and courses in Principles of Managerial Accounting. Cost Accounting and Intermediate Accounting, as well as consent of instructor and department head.
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.
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.
Individual study of special topics as mutually arranged between a student
and an instructor.