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ACT300 - Principles of Accounting and Analytics
Course Description
Students will demonstrate understanding of accounting standards and practices in preparing, analyzing, and interpreting financial transactions relevant to businesses in today’s world of automation, business intelligence, and data analytics. Primary emphasis is on the financial accounting system for sole-proprietorships and the procedures for recording, summarizing, reporting, and interpreting results of business activities. This course will cover the development of basic financial accounting statements, ethical considerations, and the application of Generally Accepted Accounting Principles (GAAP).
Credit Hours: 3
ACT325 - Principles of Accounting and Decision Analysis
Course Description
This course expands on financial accounting concepts presented in ACT300 Principles of Accounting and Analytics. Using automation, students will take a systematic approach in analyzing financial and nonfinancial data to assist managers and other users of accounting information in the decision-making process of an organization. Concepts presented include managerial accounting concepts of cost flows through a business, cost accounting systems, cost-volume-profit analysis (CVP), product costing, capital budgeting, operational budgets, variance analysis, performance measurement, balanced scorecard, content and preparation of the statement of cash flows, and financial statement analysis. Recommended Prior Course: ACT300.
Credit Hours: 3
ACT350 - Intermediate Accounting I
Course Description
This course provides a comprehensive study of accounting principles and financial statements using automation, business intelligence, data analytics, and other digital technologies in performing measurement and valuation related to the assets and current liabilities on the balance sheet. Students will develop an understanding of the intersection of artificial business intelligence with financial reporting and the codification of accounting standards. Students will use automation in financial statement analysis through the interpretation of data and financial statement disclosures. Students will analyze real-world situations through case studies, research accounting and automation concepts, and apply IFRS standards to GAAP standards. Students will present an assessment of the effect each standard may have on a situation, communicate findings, and facilitate workplace solutions in a team-based environment. Recommended Prior Course: ACT325
Credit Hours: 3
ACT406 - Business Intelligence in Taxation
Course Description
This course covers the federal income tax laws, regulations, and tax policy for individuals, partnerships, corporations, non-profits, estates, and trusts as it relates to accounting and artificial intelligence (AI). Students will demonstrate mastery by preparing tax returns using the most recent tax preparation software and conduct research covering tax issues such as tax planning, tax reform, and ethical considerations. Recommended Prior Course: ACT350.
Credit Hours: 3
ACT450 - Auditing
Course Description
This course offers a study of systematic process of external financial statements and management assertion verification and reporting. Students will examine internal and external auditing processes through the application of artificial intelligence (AI). Students will develop an understanding of the Sarbanes-Oxley Act (SOX), IFRS implications, internal controls, risk assessments, and professional ethics and legal liability. Based on current trends in the auditing profession, students will use software programs used extensively in the auditing profession to analyze data. Students will complete a simulation involving an independent audit of a company to include statistical sampling involving current AI technology. Recommended Prior Course: ACT350.
Credit Hours: 3
