BUACT Business Accounting



BUACT-200 Financial-Managerial Accounting – Engineering Technology (2 cr.)
Fall and Spring
Survey of financial accounting concepts for a sole proprietorship, partnership, and corporation. Managerial accounting concepts will be covered in use of the annual report, with emphasis on financial statement analysis.

BUACT-201 Financial-Managerial Accounting (3 cr.)
Fall and Spring
Survey of financial accounting concepts for a sole proprietorship, partnership and corporation. Managerial accounting concepts will be covered in the use of the annual report, with emphasis on financial statement analysis including the cash flow statement and budgets. For Engineering Technology and Industrial Management majors only.

BUACT-206 Introduction to Financial Accounting (3 cr.)
Fall, Spring and Summer
Theory of debit and credit, principles of accounting records, modern business papers, working sheets, balance sheets and income statements, and sole proprietorships. Sophomore level or higher.

BUACT-207 Introduction - Corporate and Managerial Accounting (3 cr.)
Fall, Spring and Summer
Development of basic accounting theory from BUACT-206: partnership and corporate forms of organization; branch and manufacturing accounting; cost accounting, budgeting and analysis and interpretation of financial statements. Prerequisites: take BUACT-206.

BUACT-312 Cost Accounting (3 cr.)
Fall and Spring
Emphasis on concepts and techniques of cost analysis. Application of cost information and discussion of techniques and budgeting. Equivalent to BUACT-410. Prerequisites: take BUACT-206.

BUACT-320 Income Tax Accounting (3 cr.)
Fall and Spring
General concepts of U.S. tax law and its effect on individual, partnership, and corporate decisions; computation of federal and state taxes for individuals. Prerequisites: take BUACT-206.

BUACT-335 Accounting for Management Decisions (3 cr.)
Fall and Spring
Interpretation of financial statements, internal control, budgeting, costing of products manufactured and sold, analysis of cost-volume- profit decisions. Data presented without mechanical techniques. Prerequisites: take BUACT-207.

BUACT-340 Business Finance (3 cr.)
Fall, Spring and Summer
Concepts of raising, allocating and controlling capital for business entities; analysis of the income tax system and its relevance with business decisions; analysis of financial data in making investment decisions. Prerequisites: take BUACT-207 and STAT-130 and MATH-123.

BUACT-346 Seminar (1-3 cr.)
Current topics in business. (Title will reflect specific business content.) R

BUACT-410 Manufacturing Cost Analysis (3 cr.)
Fall and Spring
Emphasis on concepts and techniques of cost analysis. Application of cost information and discussion of techniques and budgeting for a manufacturer. Equivalent to BUACT-312. Prerequisites: take BUACT-206 or BUACT-201.

BUACT-498 Business Accounting Field Experience (1-2 cr.)
Off-campus work and study in an approved position to better understand the challenges of being an effective manager. R