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Accounting (Woods College) Courses (ADAC) Woods College of Advancing Studies


Subject Area Course # Course Title Semester Credit Hours Expand
ADAC 1048 Personal Finance Fall 4
Course Description

Course provides an overview of all aspects of personal financial management including budgeting, retirement planning, life and health insurance, income taxes, auto and real estate transactions, estate planning and personal investments (stocks, bonds and mutual funds.) Challenging market conditions over the past years, financial, housing and economic crisis, excessive risk taking and the unraveling of Ponzi schemes (such as Madoff) have highlighted the need for all investors to better understand and manage their personal finances in order to make prudent decisions and leverage increasingly sophisticated and complex financial products. Course provides a foundation to further one’s knowledge and understanding of a broad range of personal finance topics.


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

ADAC 1081 Financial Accounting Fall 4
Course Description

The basic accounting course. Financial statements, fundamental accounting concepts, procedures, terminology and contemporary financial reporting are introduced using state-of-the-art business software.


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

ADAC 2082 Managerial Accounting Summer 3
Course Description

Managerial accounting introduces the decision-making process of firm management. Topics include activity-based costing, cost-volume-profit relationships, segmented reporting, profit planning, standard costing and the statement of cash flows. Problem solving is accomplished through computer software accompanying text.


Instructor(s): John Glynn

Prerequisites: Financial Accounting or equivalent

Cross listed with:

Comments:

ADAC 3082 Managerial Accounting Fall 4
Course Description

Managerial accounting introduces the decision making process of firm management. Topics include activity-based costing, cost-volume-profit relationships, segmented reporting, profit planning, standard costing and the statement of cash flows. Problem solving is accomplished through computer software accompanying text.


Instructor(s):

Prerequisites: ADAC1081 or equivalent

Cross listed with:

Comments:

ADAC 3083 Intermediate Accounting I Fall 4
Course Description

Financial accounting and reporting standards are applied to accounting theory in the development of general purpose financial statements. Explores asset valuation and income measurement statements.


Instructor(s):

Prerequisites: ADAC1081 and ADAC3082 or equivalent

Cross listed with:

Comments:

ADAC 3084 Intermediate Accounting II Fall 4
Course Description

Measurement and reporting of liabilities, stockholder’s equity, intercorporate investments, business consolidations and a thorough analysis of cash flow reporting are studied.


Instructor(s):

Prerequisites: Prerequisite: ADAC1081 or ADAC3082 or equivalent (Financial Accounting or Managerial)

Cross listed with:

Comments:

ADAC 3085 Managerial Cost Analysis Fall 4
Course Description

Course examines the quantitative aspects of managerial and control systems within material, labor and overhead, and its limitation with respect to global competition. Explores the ethical dimensions of decision making.


Instructor(s):

Prerequisites: BA 081-082 or equivalent.

Cross listed with:

Comments:

ADAC 3087 Financial Accounting Theory Fall 4
Course Description

Continues developing theoretical framework of accounting.


Instructor(s):

Prerequisites: Intermediate Accounting or equivalent

Cross listed with:

Comments:

ADAC 3123 Federal Taxation Fall 4
Course Description

TBA


Schedule: Periodically

Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

ADAC 3125 Financial Statements Analysis Fall 4
Course Description

Introduces how financial information impacts organizational decision making. Examines accounting theory and practice, information presentation, market valuations of companies, investment decisions relative to debt, budgeting and forecasting. Topics include financial statements, financial condition analysis, present value, time value of money, budgeting, long-term asset and liability decision making as well as the influence of the Financial Accounting Standards Board (FASB). Case studies expand discussions.


Instructor(s):

Prerequisites: Familiarity with Financial Accounting, Finance, Excel and accessing data on the Web

Cross listed with:

Comments:

ADAC 3127 Public and Non-Public Accounting Fall 4
Course Description

Examines nonprofit and state and municipal budgeting policies and practices as well as the fiscal climate within which these organizations operate. Students gain a better understanding of the role of accounting in public and nonprofit organizations and the theories underlying major fiscal policy debates. Topics include constructing budgets and capital improvement plans, and how to successfully generate funds to support nonprofit sector organizations.


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

ADAC 3305 Federal Taxation Fall 4
Course Description

TBA


Schedule: Periodically

Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

ADAC 3500 Audit Fall 4
Course Description

This course is designed to provide an introduction to auditing. The objectives include understanding the principle thought process behind an audit and the practices used by public accountants in examining financial statements and supporting data. The course will cover the processes related to audit planning and the basic procedures in the execution of an audit. The course will also address other types of audits including reviews of borrowing base certificates.


Schedule: Periodically

Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

ADAC 4085 Intermediate Accounting III Spring 4
Course Description

This course will cover advanced topics for accounting for complex transactions and special situations. The course will follow the requirements for the CPA exam. The topics to be covered are financial accounting standards, information systems, balance sheet and cash flows, inventories, accounting for assets and liabilities, stockholders’ equity, taxes and benefits accounting.


Schedule: Periodically

Instructor(s):

Prerequisites: Must have successfully completed Financial Accounting (ADAC1081) and Intermediate Accounting II (ADAC3084).

Cross listed with:

Comments:

ADAC 5001 Accounting and Financial Analysis II Spring 4
Course Description

This course introduces how financial information impacts organizational decision-making. It examines accounting theory and practice, information presentation, market valuations of companies, investment decisions relative to debt, budgeting and forecasting. Topics include financial statements, financial condition analysis, present value, time value of money, budgeting, long-term asset and liability decision-making, as well as the influence of the Financial Accounting Standards Board (FASB). Case studies expand discussion.


Instructor(s): John Donnelly

Prerequisites: ADAC5000 Accounting and Financial Analysis I

Cross listed with:

Comments:

ADAC 5002 Public and Non-Public Accounting Fall 4
Course Description

Examines nonprofit and state and municipal budgeting policies and practices as well as the fiscal climate within which these organizations operate. Students gain a better understanding of the role of accounting in public and nonprofit organizations and the theories underlying major fiscal policy debates. Topics include constructing budgets and capital improvement plans, and how to successfully generate funds to support nonprofit sector organizations.


Instructor(s): Paul Recupero

Prerequisites: None

Cross listed with: ADGR7739

Comments: