Accounting and Finance

Bryan School of Business and Economics

383 Bryan Building
336-334-5647
http://bryan.uncg.edu/department/accounting-and-finance

Randal J. Elder, Department Head
Amanda Cromartie, Graduate Program Director

Mission Statement

The mission of the Department of Accounting and Finance of the Joseph M. Bryan School of Business and Economics is

to provide high quality programs of education for accounting and finance majors at the undergraduate and graduate levels
to provide high quality courses to support the UNC Greensboro and Bryan School educational missions as they relate accounting and finance to global processes, sustainable enterprise, innovation and ethical awareness
to stimulate and support high quality research, scholarship, and publication
to provide service, largely through committee representation to the University, the Bryan School, the Department, the academic accounting and finance communities, and the accounting profession, and
to foster faculty interaction with the public in ways which enhance the common good.

The primary goal of the department is to provide programs of quality education in accounting and finance at the undergraduate and graduate levels. The undergraduate program provides an excellent foundation for careers in industry and is sufficiently broad to qualify graduates for a wide range of entry-level, business-related positions; and prepares students for further graduate-level studies in areas such as accounting, finance, law, and business administration.

Our accounting programs are separately accredited by The Association to Advance Collegiate Schools of Business (AACSB), the premier accrediting agency for business programs worldwide. Accounting is the only discipline within business for which separate accreditation is given. With this designation, we are among the top 1% of programs worldwide. We strive to maintain the quality and continuous improvement expected from programs which have achieved AACSB business and accounting accreditation.

The Department of Accounting and Finance also offers a Bachelor of Science degree with a major in finance. The undergraduate finance program deals with the theory, organization, and operation of the financial system from both a market and a managerial viewpoint. Students are expected to develop analytical abilities and to present their analyses in both written and oral form.

Undergraduate majors are offered a broad range of courses from the areas of financial management, financial institutions, and investments.

Graduates may take managerial positions in controllership or treasury work in non-financial businesses as well as a wide array of careers in financial services and banking. In addition, the degree may lead to positions in risk management and real estate departments of public agencies and private corporations as well as insurance and real estate companies.

At the graduate level, the Bryan School offers courses in finance as part of the Master of Business Administration (M.B.A.) program.

Student Learning Goals

Critical thinking, quantitative aptitude, teamwork, and good communication skills are necessary to function effectively in today’s highly competitive, global environment. In order to assure that our graduates are prepared to meet the challenges of the future:

Students will demonstrate problem solving skills and demonstrate technical competence necessary for entry-level accounting careers or entry into graduate programs in accounting.
Students will demonstrate the ability to communicate effectively and efficiently.
Students will have an understanding of ethical decision-making and understand the role of professional ethics including the importance of ethical conduct and decisions to the sustainability of the accounting profession.
Finance students will be able to create forward-looking financial statements.
Finance students will be able to analyze the current financial condition of the firm.
Finance students will be able to thoroughly understand the mathematical process and application of capital budgeting.
Finance Students will thoroughly understand the concepts of the time value of money (TVM), the characteristics of traditional financial securities, and the valuation of these securities.

Professor

William O. Brown^G

Randy J Elder^G

Dayong Huang^G

Venkataraman M. Iyer^G

Daniel T Winkler^G

Associate Professor

Heng An^G

Bill Harden^G

Lijun Lei^G

Jay Y Li

Ayalew Ali Lulseged^G

David Roy Upton^G

Assistant Professor

Soonchul Hyun

Mengtian Li

Alexander James Tighe

Mengmeng Wang

Lecturer

Jess McCall Bankhead

Patti Fields Cates^G

Robert E Lamy^G

James A. Milanese

Joshua Peter Moore^G

G: Graduate-level faculty

Business Undergraduate Minor

The Bryan School of Business and Economics offers the Business Undergraduate Minor.

Accounting (ACC)

ACC 201 Financial Accounting 3

Introduction to external financial statements of organizations, emphasizing the use of accounting information in making investment and other decisions. Addresses ethical considerations and role of financial reporting in society.

Prerequisites: ISM 110 and any one of the following: MAT 115, MAT 118, MAT 120, MAT 150, MAT 151, MAT 190, MAT 191, MAT 196, MAT 292, MAT 296.

ACC 202 Managerial Accounting 3

Introduction to internal accounting and reporting of organizations, emphasizing the use of accounting information used by management and other decision makers within the organization.

Prerequisites: ACC 201 or ACC 218.

ACC 218 Financial Statement Preparation and Disclosures 3

First financial accounting course for students desiring to pursue upper division accounting courses. Includes coverage of basic financial statement preparation, time value of money concepts, and techniques for accounting valuations.

Prerequisites: ISM 110 and any one of the following: MAT 115, MAT 120, MAT 150, MAT 151, MAT 191, MAT 292.

Notes: Required entry course for all Accounting and Finance majors.

ACC 318 Intermediate Accounting I 3

Focuses on the conceptual framework underlying financial reporting by business enterprises, the processes by which authoritative accounting guidelines are promulgated, and the preparation, presentation, interpretation, and use of financial statements.

Prerequisites: Grade of B- or better in ACC 201 and ACC 202. Grade of C or better in ECO 201.

ACC 319 Intermediate Accounting II 3

The second course in the two-course intermediate accounting sequence. Continues the examination of the preparation, presentation, interpretation, and use of financial statements.

Prerequisites: Grade of C or better in ACC 318.

ACC 325 Accounting Transaction Processing Systems 3

Designed to provide an understanding of a variety of accounting subsystems, systems analysis, and design issues reinforced through case studies.

Prerequisites: Grade of C or better in ACC 318.

ACC 330 Cost Accounting 3

Costs and cost accounting principles, costing systems, cost determination procedures; control and analytical practices for managerial decision-making.

Prerequisites: Grade of B- in ACC 202.

ACC 350 Internship in Accounting 3

This course provides students with an opportunity to apply accounting knowledge in a business environment and to gain a better understanding of the accounting profession.

Prerequisites: Grade of C or better in ACC 318. Accounting major; permission of internship coordinator;

Notes: Grade: Pass/Not Pass (P/NP).

ACC 420 Federal Tax Concepts 3

Tax structure and tax principles. Accounting principles and procedures related to tax accounting. Application of tax and accounting principles to specific problems.

Prerequisites: Grade of C or better in ACC 318 or FIN 410.

ACC 440 Auditing Concepts 3

Concepts underlying audit process, procedures used in external auditing, statistical application, preparation of audit programs, and reports. Use of audit software to conduct control risk assessment and substantive tests.

Prerequisites: Grade of C or better in ACC 319 and ACC 325.

ACC 461 Governmental and Nonprofit Accounting 3

This course will introduce students to accounting and financial reporting for nonprofit organizations and governmental entities.

Prerequisites: Grade of C or better in ACC 319.

ACC 493 Honors Work 3-6

Honors Work.

Prerequisites: 3.30 GPA in the major, 12 s.h. in the major

Notes: May be repeated for credit if the topic of study changes.

ACC 499 Independent Research in Accounting 1-3

Individual study of an issue or problem(s) in accounting of particular interest to the student. Student must arrange time and course requirements with instructor prior to registration.

Prerequisites: Accounting major, senior standing, and permission of Department Head.

Notes: May be repeated for credit with approval of Department Head.

ACC 518 Intermediate Accounting I 3

ACC 519 Intermediate Accounting II 3

The second course in the two-course intermediate accounting sequence. Continues the examination of the preparation, presentation, interpretation, and use of financial statements.

ACC 525 Accounting Transaction Processing Systems 3

Designed to provide an understanding of a variety of accounting subsystems, systems analysis, and design issues reinforced through case studies.

ACC 531 Cost Accounting 3

Costs and cost accounting principles, costing systems, cost determination procedures, control and analytical practices for managerial decision-making.

ACC 561 Governmental and Nonprofit Accounting 3

This course will introduce students to accounting and financial reporting for nonprofit organizations and governmental entities.

Prerequisites: ACC 519 or grade of C or higher in intermediate financial accounting II course.

ACC 602 Federal Tax Concepts 3

Tax structure and tax principles. Accounting principles and procedures related to tax accounting. Application of tax and accounting principles to specific problems.

Prerequisites: ACC 518.

ACC 604 Auditing Concepts 3

Prerequisites: ACC 519, ACC 525.

ACC 613 Directed Studies in Accounting 1-3

Individual study of an issue or problem of interest. Student must arrange topic and course requirements with instructor prior to registration.

Prerequisites: 12 hours of graduate level accounting courses or permission of instructor.

ACC 621 Accounting Internship 3

Combined academic and work components allow students to gain experience in the professional field of accounting. Course supervised by a graduate faculty member and appropriate personnel of the approved organization.

Prerequisites: ACC 518 or grade of C or higher in intermediate financial accounting I course and permission of instructor.

ACC 630 Seminar in Contemporary Accounting Issues 3

Analysis, research, and presentation of current topics and issues relevant to professional accountants.

Prerequisites: ACC 519 or grade of C or higher in ACC 319.

ACC 631 Advanced Auditing 3

Ethics, reporting, law, statistics, and audit software; directed towards professional external and internal auditing.

Prerequisites: ACC 604 or grade of C or higher in ACC 440.

ACC 632 Principles of Fraud Examination 3

Examines the nature of occupational fraud and abuse in organizations. Students will learn how and why occupational fraud is committed, how fraud can be detected, how fraud can be deterred, and how to proceed if fraud is suspected. Emphasis is placed on asset misappropriation schemes, corruption, and financial statement fraud.

Prerequisites: ACC 604 or grade of C or higher in auditing concepts course.

ACC 638 Information Technology Auditing and Accounting Data Analytics 3

Theory and practice of information technology auditing, computer based systems controls, data analytics models and methods focusing on accounting applications.

Prerequisites: ACC 604 or grade of C or higher in ACC 440.

ACC 641 Advanced Study in Business Analysis and Reporting 1

In-depth study and review of accounting and business analytics as it relates to assurance and advisory services and financial and operations management.

Prerequisites: ACC 642 and permission of instructor or Program Director.

Notes: Only offered online.

ACC 642 Specialized Accounting Entities 3

Theory and practice associated with business combinations, consolidated financial statements, partnerships, international operations, bankruptcy and other accounting topics related to specialized accounting entities.

Prerequisites: ACC 519 or grade of C or higher in ACC 319.

ACC 643 Advanced Study in Tax Compliance and Planning 1

In-depth study and review of tax reporting requirements and tax planning techniques.

Prerequisites: ACC 651 and permission of instructor or Program Director.

Notes: Only offered online.

ACC 644 Advanced Study in Information Systems and Controls 1

In-depth study and review of technology and business controls as it relates to accounting and business processes.

Prerequisites: ACC 638 and permission of instructor or Program Director.

ACC 646 Advanced Study in Business Environment and Concepts 1

An in-depth study and review of the underlying reasons for, and accounting implications of, business transactions. This course is only offered online.

Prerequisites: ACC 531 or grade of C or higher in cost accounting course and permission of instructor or Program Director.

ACC 647 Advanced Study in Financial Accounting and Reporting 1

An in-depth study and review of the accounting and reporting represented on the four major financial statements.

Prerequisites: ACC 642 and permission of instructor or Program Director.

Notes: This course is only offered online.

ACC 648 Guided Study in Taxation and Business Law 1

An in-depth study and review of specialized current topics in tax and business law.

Prerequisites: ACC 651 and permission of instructor or Program Director.

ACC 649 Advanced Study in Auditing and Attestation 1

This course provides an in-depth study and review of advanced specialized current topics in auditing and attestation.

Prerequisites: ACC 631 or ACC 638 and permission of instructor or Program Director.

Notes: This course is only offered online.

ACC 651 Introduction to Business Entity Taxation 3

The principles of entity taxation associated with corporations, S corporations, and partnerships. Focuses on a life-cycle approach of tax accounting for these tax entities recognized in the U.S., focusing on issues such as formation, operation, and distributions of corporations.

Prerequisites: ACC 602 or grade of C or higher in ACC 420.

ACC 652 Taxation of Estates, Gifts and Trusts 3

Principles and procedures involved in determining federal estate tax; tax planning using gifts and trusts.

Prerequisites: ACC 602 or grade of C or higher in ACC 420.

ACC 655 Taxation of Corporations and Shareholders 3

Federal taxation of business transactions affecting corporations and shareholders.

Prerequisites: ACC 651 or permission of instructor or Program Director.

ACC 656 Taxation of Flow-Through Business Entities 3

Federal taxation of business transactions affecting flow-through business entities, including partnerships, S corporations, limited liability companies and their owners.

Prerequisites: ACC 651 or permission of instructor or Program Director.

ACC 688 Advanced Business Law 3

Explores legal issues in contract and sales law, negotiable instruments, agency, and business associations and at the same time considers ethical and managerial issues involved when these legal issues arise.

Prerequisites: MGT 330 or permission of Program Director.

Finance (FIN)

FIN 200 Introduction to Entrepreneurial Finance 3

Introduction to problems and methods in business finance within the context of entrepreneurial ventures. Topics include business formation, sources of financing, financial statements, business valuation, budgeting, and measuring financial performance.

Prerequisites: Entrepreneurship minor for non-business students.

Notes: Students may not receive credit for FIN 200 and FIN 315. Students who have prior credit for ENT 200 may not take FIN 200 for credit.

FIN 300 The Management of Personal Finance 3

Personal budgeting and accounting; borrowing money; buying on credit; personal income tax returns; saving and wise investment of savings; insurance; home ownership.

FIN 315 Business Finance I 3

Recognition and analysis of financial problems. Integrated approach to financial management emphasizing basic concepts of valuation, investment, and financial structure.

Prerequisites: ACC 201, ECO 201, ECO 202. ECO 250 or STA 108; pre-major or major in ACCT, BADM, CARS, ECOS, ENTR, FINC, HTMT, INTB, ISSC, or MKTG.

FIN 330 Financial Institutions and Markets 3

Principal institutions and markets comprising the financial system; their roles in short-term, long-term and equity financing, interest rate determination and capital formation. Interrelationships between domestic and international and financial markets. Government policy objectives and regulations as influences on the financial system.

Prerequisites: Grade of C or better in FIN 315.

FIN 335 Entrepreneurial Finance 3

This course focuses on financial analysis, financial forecasting, financing, capital costs, and working capital management of start-up businesses and existing businesses in the early stages of development.

Prerequisites: FIN 315.

Notes: Students who have prior credit for ENT 335 may not take FIN 335 for credit.

FIN 345 Data Technologies for Finance 3

This course introduces students to current data technologies in the field of finance. Using popular data software, students learn to gather, process, analyze, and visualize data, and apply these skills to financial models.

Prerequisites: ECO 250, a Grade of C or better in FIN 315, and a Finance major.

FIN 349 Financial Statement Analysis and Company Valuation 3

The objective of the course is to enhance a student’s understanding of the tools and techniques investors and creditors use to analyze financial statements. In addition, students will learn about the basic approaches to company valuation.

Prerequisites: C or better in FIN 315.

FIN 360 Internship in Finance 3

Provides students with an opportunity to apply finance knowledge in a business environment and to gain a better understanding of the finance profession.

Prerequisites: Grade of C or better in FIN 315. Finance major; permission of internship coordinator.

FIN 410 Business Finance II 3

Theory and practical application of capital budgeting, cost of capital and capital structure analysis, working capital management, and financial analysis and planning.

Prerequisites: Grade of C or better in ACC 201 or ACC 218. ECO 250; and a grade of C or better in FIN 315.

FIN 442 Investments 3

This course introduces theory and practices related to the optimal allocation of funds among assets, popular asset pricing models, technical and fundamental analysis for return prediction, and valuation of stocks.

Prerequisites: Grade of C or better in FIN 315.

FIN 449 Contemporary Topics in Finance 3

Independent study, research, and class discussion covering a topic or group of related topics of current interest in financial theory, policy, or practice. Topics may vary each semester.

Prerequisites: Grade of C or better in FIN 315.

FIN 450 Fundamentals of Futures, Options and Behavioral Finance 3

This course is an introduction to the trading and application of options and futures related to commodity, stock and fixed income products in the financial market. It also introduces the bias and psychology patterns investors demonstrate in their trading.

Prerequisites: Grade of C or better in FIN 315.

FIN 493 Honors Work 3-6

Prerequisite: Permission of instructor; 3.30 GPA in the major, 12 s.h. in the major;

Notes: May be repeated for credit if the topic of study changes.

FIN 499 Problems in Finance 3

Independent study, research, and class discussion covering a topic or group of related topics of current interest in theory or policy of finance. Topics may vary from semester to semester.

Prerequisites: Senior majors. permission of Department Head; grade of C or better in FIN 315;

Notes: May be repeated for credit with approval of Department Head.