Accounting - ACTG

The information below lists courses approved in this subject area effective Fall 2015. Not all courses will necessarily be offered these terms. Please consult the Schedule of Classes for a listing of courses offered for a specific term.

500-level courses require graduate standing.

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210 Introduction to Financial Accounting
3 hours. Concepts and standards underlying the preparation and analysis of external reports; alternative effects and role of accounting in the business environment and capital markets. Previously listed as ACTG 110. Extensive computer use required. Prerequisite(s): Sophomore standing.

211 Introduction to Managerial Accounting
3 hours. Management planning and control; cost concepts and measurement; cost accounting systems; analysis of cost and volume-profit relationships; standard costs and variances; and budget preparation. Previously listed as ACTG 111. Extensive computer use required. Prerequisite(s): ACTG 210 and sophomore standing. Accounting majors need a grade of C or better in ACTG 210.

315 Intermediate Financial Accounting I
3 hours. Theory and standards related to asset valuation, revenue recognition, gain and loss recognition, and their impact on income measurement and financial position. For satisfactory progress in the Accounting major, students must receive a grade of C or better in ACTG 315. ACTG 315 may be repeated only once. Transfer credit from another College or University is not accepted for ACTG 315. Prerequisite(s): Average grade of B or higher in ACTG 210 and ACTG 211, with both taken at UIC; or a grade C or better in ACTG 210 or equivalent and ACTG 211 or equivalent and a passing grade in the Accounting Qualifying Exam (AQE). Registration for this course is only through Department of Accounting website: http://www.uic.edu/cba/accounting. Information on AQE is also available there.

316 Intermediate Financial Accounting II
3 hours. Selected topics in accounting and financial reporting including: cash flow statements, income taxes, long-term debt and leases, investments, derivative securities, and contingencies and employee retirement benefits and stockholders' equity. Prerequisite(s): Grade of C in ACTG 315.

326 Cost Accounting
3 hours. Design of cost accounting systems; alternate costing methods; costing for decision making; budgeting and performance evaluation. Extensive computer use required. For satisfactory progress in the Accounting major, students must receive a C or better in ACTG 326. ACTG 326 may be repeated only once. Prerequisite(s): Grade of C or better in ACTG 210 and grade of C or better in ACTG 211.

355 Business Law I: Commercial Transactions
3 hours. Commercial transactions including: contracts, sales of goods, negotiable instruments, and secured transactions. Prerequisite(s): ACTG 211 or the equivalent.

394 Special Topics in Accounting - Undergraduate
3 hours. Investigates selected contemporary accounting topics using readings in both academic and professional journals as well as cases for analysis. Prerequisite(s): ACTG 316 and ACTG 326.

396 Independent Study in Accounting - Undergraduate
1 TO 3 hours. Independent study in approved topics; written report prepared under the guidance of a faculty member is required. Prerequisite(s): ACTG 316 and ACTG 326, declaration of a major and approval of the department.

417 Advanced Financial Accounting
3 OR 4 hours. Financial accounting theory for business combinations, consolidated financial statements, international transactions and investments, and partnership accounting. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 316.

435 Auditing
3 OR 4 hours. Introduction to the audit function; ethical and legal environment; audit standards; objectives and procedures; materiality and audit risk; sampling; auditing in a computer environment; reporting. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s): ACTG 316.

445 Federal Income Tax I
3 OR 4 hours. Concepts and provisions of federal income taxation as applicable to individual taxpayers, partnerships, individuals and trusts. 3 undergraduate hours. 4 graduate hours. Credit is not given for ACTG 445 if the student has credit for ACTG 508. Extensive computer use required. Prerequisite(s): ACTG 315.

446 Federal Income Tax II
3 OR 4 hours. Concepts and provisions of federal income taxation on corporations and partnerships; special problems in reorganization, liquidations, and personal holding companies. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s): ACTG 445 or the equivalent.

456 Business Law II: Business Organizations
3 OR 4 hours. Business organizaions, including: agency, general partnerships, limited partnerships, corporations, limited liability companies, securities regulations, bankruptcy, suretyship, bailments, real property, wills and trusts, accounting liability. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 355 or the equivalent.

465 Governmental and Non-Profit Accounting
3 OR 4 hours. Financial transaction analysis and recording system; budget preparation and control; concepts and principles underlying the financial reports of governmental and non-profit organizations. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 316.

470 Ethical Environment of Business
3 OR 4 hours. An examination of the decision making process on both the individual and organizational levels. The effect of moral, legal, and economic factors on the decision making process. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 211.

474 Accounting Information Systems
3 OR 4 hours. Skills and concepts that enable the documentation, design and use of accounting information systems, understanding transaction cycles, sound internal controls, accounting software and the electronic business environment. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s): Grade of C or better in ACTG 210 and Grade of C or better in ACTG 211; and IDS 200.

475 Database Accounting Systems
3 OR 4 hours. Concepts and principles of designing database systems to perform accounting functions, applications of microcomputer accounting software packages systems design tools, and computerized transaction cycles. Same as IDS 475. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s): ACTG 211 and IDS 200.

484 International Accounting
3 OR 4 hours. Financial accounting for international operations, multinational managerial accounting and control, comparative international accounting, international reporting issues and international taxation. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 316.

485 Valuation and Analysis
3 OR 4 hours. Financial analysis and valuation of firms. Corporate strategies, financial reporting issues and market perceptions. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s): ACTG 315 and FIN 300 for undergraduate students. One accounting and one finance class or consent of the instructor for graduate students.

493 Accounting Cases, Research and Analysis
3 OR 4 hours. Examines US GAAP, alternatives, SEC filings and company financial statements, through cases and research projects using various research methodologies. Satisfies research requirements for CPA candidacy. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 316; and ECON 300 or IDS 371.

494 Special Topics in Accounting
1 TO 4 hours. Topics rotate in various areas of accounting, including but not restricted to financial, managerial, governmental and nonprofit accounting, law and business ethics. Explores current issues and proposed alternatives. Prerequisite(s): Two courses in accounting or finance beyond ACTG 211 and FIN 300 or the equivalent.

495 Competitive Strategy
4 hours. Multidisciplinary analysis of organization strategy and policy, using case method and/or business simulation. Assignments involve extensive library research and oral and written reports. Prerequisite(s): Senior standing in the College of Business Administration and completion of all other CBA core courses, or consent of the instructor.

499 Research Experience
1 TO 3 hours. Research experience under the supervision of a faculty member. The faculty member and student will determine the research project. Each student must submit a report and each student must participate at a research event on campus. May be repeated to a maximum of 12 hours. Students may register in more than one section per term. Prerequisite(s): Approval of the Department.

500 Introduction to Financial Accounting
4 hours. Concepts and principles of financial accounting for preparation and evaluation of external reports and financial statements. Extensive computer use required. Prerequisite(s): Admission to the MBA or M.S. in Accounting or Master of Healthcare Administration program.

502 Financial Accounting I
4 hours. Accounting theory and practice related to asset valuation, revenue recognition, and the determination of short-term liabilities; aspects of financial statement analysis related to these issues. Prerequisite(s): ACTG 500.

503 Financial Accounting II
4 hours. Contemporary financial accounting issues, including liabilities, pensions, tax allocation, leases, price level reporting, investments, capital transactions and financial statement analysis. Prerequisite(s): ACTG 500 and ACTG 502 or the equivalents.

506 Management Accounting
4 hours. Design of cost accounting systems; alternate costing methods; costing for decision making; budget planning and performance evaluation. Prerequisite(s): ACTG 500.

508 Federal Income Tax - Graduate
4 hours. Concepts and provisions of federal income taxation generally applicable to individual taxpayers, corporations and partnerships. Credit is not given for ACTG 508 if the student has credit for ACTG 445. Prerequisite(s): ACTG 502.

509 Business Law: Commercial Transactions
4 hours. Commercial transactions including: contracts, sales of goods, negotiable instruments, and secured transactions. Prerequisite(s): ACTG 500 or the equivalent.

515 Accounting Theory and Paradigms
4 hours. Theory construction, conceptual framework, and paradigmatic avenues in accounting with relation to applications. Prerequisite(s): ACTG 502 or the equivalent.

516 Financial Statement Analysis
4 hours. Use of financial information by decision makers external to the firm; profitability and risk analysis; financial forecasting and equity valuation. Extensive computer use required. Prerequisite(s): ACTG 502; or approval of the department.

525 Management Control of Strategic Performance
4 hours. Contemporary overview of the management control systems measuring technological activities, measuring value added, outsourcing non-core compensation plan and performance measurement. Extensive computer use required. Prerequisite(s): ACTG 506; or approval of the department.

534 Auditing-Graduate
4 hours. Designed to provide students with an understanding of issues relevant to the public accounting profession, and a brief introduction to audit testing and procedures. Credit is not given for ACTG 534 if the student has a credit in ACTG 435 or the equivalent. Prerequisite(s): ACTG 502 and ACTG 503 or the equivalent.

535 Advanced Auditing
4 hours. Review & evaluation of academic research in auditing - behavioral & capital market research. Overview of audit research methodology, examination of Sarbanes-Oxley and its effect on Internal Controls, auditing standards, and the accounting profession. Extensive computer use required. Prerequisite(s): ACTG 435.

537 Fraud Examination
4 hours. Concepts and skills necessary for examining financial fraud. Content will include fraud schemes, prevention and detection of fraud, ethics, forensic software tools, auditing techniques, and the law and regulations governing fraud cases. Extensive computer use required. Prerequisite(s): ACTG 474 and ACTG 502 or equivalents.

545 Taxes and Business Policy
4 hours. The role of taxes in business decisions. Emphasizes integrating taxes with other variables -- behavioral, financial, environmental and other. Also discusses the relationship between taxation and financial and managerial accounting. Prerequisite(s): ACTG 345 and ACTG 446.

565 Advanced Government and Nonprofit Accounting
4 hours. Financial accounting principles applicable to governments and nonprofit organizations. Transactions and events are analyzed, leading to the preparation and analysis of financial statements. Prerequisite(s): ACTG 503 or equivalent.

570 The Legal and Ethical Environment of Business
4 hours. An examination of the decision making process on both the individual and organizational levels. The effect of moral, legal, and economic factors on the decision making process. Prerequisite(s): ACTG 502; or consent of the instructor.

585 Corporate Valuation and Accounting Information
4 hours. Valuation using discounted cash flow and multiples. Use of financial disclosures to construct forecasts. How multiples behave. How accounting affects valuation ratios. Credit is not given for ACTG 585 if the student has credit for ACTG 485. Prerequisite(s): ACTG 502; and FIN 510 or FIN 520; or approval of the department.

590 Case Based Research in Accounting
4 hours. Development of skills necessary to research and interpret accounting standards and guidelines to resolve recognition and disclosure issues using real-life and simulated cases. Prerequisite(s): ACTG 503 or equivalent.

593 Accounting Research: Methodology and Communication
4 hours. Instruction in research methods, issues, and research appreciation and evaluation together with individual practice in planning, conducting, and reporting professional research projects in accounting and capital markets. Extensive computer use required. Prerequisite(s): ACTG 502.

594 Special Topics in Accounting - Graduate
1 TO 4 hours. Topics rotate in the various areas of accounting, including but not restricted to financial, managerial, governmental and nonprofit accounting, explores current issues and proposed alternatives. May be repeated. Students may register in more than one section per term. Extensive computer use required. Prerequisite(s): Approval of the department.

596 Independent Study in Accounting - Master's
1 TO 4 hours. Independent study on an accounting topic chosen with faculty approval; requires a study plan and a paper of length and specification required by a faculty member. Prerequisite(s): ACTG 515 and ACTG 525.

599 Ph.D. Thesis Research
0 TO 16 hours. Research on topic of the doctoral dissertation. Satisfactory/Unsatisfactory grading only. May be repeated. Students may register in more than one section per term. Prerequisite(s): Faculty acceptance of thesis proposal.

Information provided by the Office of Programs and Academic Assessment.

This listing is for informational purposes only and does not constitute a contract. Every attempt is made to provide the most current and correct information. Courses listed here are subject to change without advance notice. Courses are not necessarily offered every term or year. Individual departments or units should be consulted for information regarding frequency of course offerings.