Accounting

        Accounting courses are designed to achieve the following objectives:(1) to provide students with sufficient knowledge of accounting principles and practices in order to use accounting information effectively in the decision-making process; and (2) to provide students with sufficient specialized training in accounting principles and techniques to qualify them for accounting positions in business, government, and public accounting.

     The accounting major provides the graduate with the qualifications for entry level accounting positions in industry, not-for-profit organizations, and accounting firms.  Graduates planning a career in professional accounting with a public accounting firm should also plan to meet the requirements set forth by the Arkansas State Board of Public Accountancy to sit for the CPA examination. The Board requires, in addition to the HSU degree requirements for an accounting major, that candidates applying to sit for the CPA exam satisfy the following requirements:

1. Earn grades of "C" or better in all 36 hours of CPA required accounting courses

2. Earn grade of "C" or better in each of specified business courses (Business Law, Statistics, Information Systems, Business Finance,  Microeconomics, Macroeconomics, Marketing, Management, Oral Communication, Business Communications)

     Accounting students should be aware that most states require 150 hours of education to sit for the CPA exam. The Arkansas State Board of Public Accountancy requires 150 semester hours of college credit, including at least a baccalaureate degree.

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Requirements for a Major in Accounting 

     In addition to the liberal arts core and business core courses, the student must also complete the following accounting courses with a grade of "C" or better. 

    Accounting majors are expected to earn a grade of "C" or better in each prerequisite accounting course before progressing to the next course.  Special approval from a committee of accounting faculty is required for exceptions.

     Two (2) writing intensive (WI) courses are required for students entering HSU under the 2006-2008 catalog or later.  Students must also take ENG 3313-Review Composition (or test out) if graduating May 2008 or later (contact the Testing Center in Caplinger, room 121 regarding the test). 

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Requirements for a Minor in Accounting 

     The student must complete  Principles of Accounting  A  and   B,   plus   9   hours   of upper-level Accounting electives for a total of 15 hours of Accounting with a "C" grade or better. 

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Courses in Accounting

ACC 2013  Principles of Accounting A

Fundamental principles of accounting for sole proprietorships and corportions, including preparation of basic financial statements.  Prerequisite:  Computer proficiency is desirable.

ACC 2023  Principles of Accounting B

Fundamental principles of accounting for industrial enterprises, along with an introduction to the use of accounting information in t he decision-making process.  Prerequisite:  ACC 2013

ACC 3043   Cost Accounting

Accounting techniques of decision making and control applied to the industrial enterprise. Emphasis is on costing manufacturing products and services, cost concepts, costing systems, historical and standard cost, accumulation and distribution of overhead cost. Prerequisites: ACC 2023.  

ACC 3053   Intermediate Accounting I

An overview  of  the organization  of the  accounting profession along with analytical and interim accounting for assets and liabilities.  Prerequisite: ACC 2023.  

ACC 3063   Intermediate Accounting II  

Analytical and interim accounting for equity, investments, income taxes, pensions, leases, and statement of cash flows. Prerequisite: ACC 2023.

ACC 3163   Federal Income Tax Accounting

Tax regulations applicable to individuals and business enterprises with emphasis on tax determination and planning.
Prerequisite: ACC 2023.  

ACC 3253   Accounting Information Systems  

A study of accounting systems design integrated into both manual and electronic data processing systems.  Emphasis on system design concepts, internal control structures, and transaction processing systems.  Prerequisite: ACC 2023.  

ACC 4083   Advanced Accounting  

Accounting for partnerships, including formation, operation, and dissolution; principles and problems of accounting for consolidated entities; foreign currency transactions; governmental and non-profit entities. Prerequisite: ACC 3053.  

ACC 4093   Auditing

Study of Generally Accepted Auditing Standards including audit reports, audit procedures, internal control, ethics, and client relationships. Prerequisite: ACC 3063, 3253.

ACC 4113/5113  Advanced Auditing

Study of advanced issues, including computer-based information systems, fraud, Security and Exchance Commission regulations, and ethics utilizing the case approach.  Prerequisite:  ACC 4093.

ACC 4173/5173   Advanced Federal Incom Tax

A study of the Internal Revenue Code as it applies to partnerships, corporations, and estates and trusts.  Prerequisite:  ACC 3163 or consent of the instructor. 

ACC 4223/5223  Special Studies in Accounting

Individual or group research and seminar discussions on special issues in the field of accounting. Prerequisite:  ACC 3053.

ACC 4243, 5243   Not-for-Profit Accounting

The study of accounting procedures and regulations required for federal, state, and local governmental agencies; in addition, the course reviews required accounting principles for non-profit hospitals, public colleges and universities, public schools and other non-profit organizations. Prerequisite: ACC 2023.  

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