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New Mexico State University
Undergraduate Catalog
2012-2013

ACCT-ACCOUNTING

ACCT 200. A Survey of Accounting - 3 cr.
Emphasis on financial statement interpretation and development of accounting information for management. For engineering, computer science, and other non business majors. Prerequisite: one C S course or consent of instructor. Community Colleges only.
ACCT 251. Management Accounting - 3 cr.
Development and use of accounting information for management decision making.
ACCT 252. Financial Accounting - 3 cr.
Interpretation and use of financial accounting information for making financing, investing, and operating decisions. Prerequisite: ACCT 251 strongly suggested.
ACCT 301. Financial Accounting I - 3 cr.
Concepts, principles, and practices of financial accounting, stressing the determination of income and financial position. Prerequisite(s): ACCT 251 and C or better in ACCT 252.
ACCT 302. Financial Accounting II - 3 cr.
A continuation of ACCT 301. Prerequisite(s): C or better in ACCT 301.
ACCT 351. Accounting Systems - 3 cr.
Covers accounting information systems as processors of data for financial reporting and control of economic organizations. Prerequisite(s): ACCT 251 and ACCT 252.
ACCT 353. Cost Accounting - 3 cr.
The development and use of cost accounting information for inventory valuation, income determination, and cost control. Prerequisite(s): C or better in both ACCT 251 and ACCT 252.
ACCT 356. Federal Taxes and Business Decisions - 3 cr.
The relationship of federal taxes to common decisions affecting businesses and business owners. Not open to accounting majors for degree credit. Prerequisite: ACCT 252.
ACCT 403. Federal Taxation I - 3 cr.
Basic federal income tax laws; emphasis on determination of taxable income of individuals. Prerequisite(s): ACCT 251, BCIS 338, and C or better in ACCT 252.
ACCT 451. Auditing Theory and Practices - 3 cr.
Auditing standards, audit evidence, auditors reports and opinions, and professional responsibilities. Prerequisite(s): ACCT 351 and C or better in ACCT 302.
ACCT 455. Federal Taxation II - 3 cr.
Federal income tax laws applicable to partnerships, corporations, fiduciaries, tax research, tax planning. Prerequisite(s): C or better in ACCT 403 or consent of instructor.
ACCT 456. Accounting for Nonprofit Organizations - 3 cr.
Control and reporting problems unique to governmental units and other nonprofit organizations. Fund accounting principles, procedures, and reports. Prerequisite(s): C or better in ACCT 302.
ACCT 457. Mergers, Acquisitions, and Partnerships - 3 cr.
Consolidated financial statements, accounting for partnership formation and liquidation. Prerequisite(s): C or better in ACCT 302.
ACCT 459. Ethics and Professionalism in Accounting - 3 cr.
Introduction to ethical reasoning, integrity, objectivity, independence, and professional accounting issues. Students will apply the concepts and theories to accounting-specific cases. Prerequisite: grade of C or better in ACCT 451 or concurrent enrollment or consent of instructor. Same as ACCT 559.
ACCT 460. Fraud Examination and Prevention - 3 cr.
Covers business fraud as it is occurring in American society. Emphasis is on occupational fraud and financial statement fraud. Examines various types of fraud, its symptoms and effective investigation techniques. Effective fraud prevention measures are discussed throughout the course. Emphasizes case studies and the application of principles to actual fraud cases. Prerequisites: a C or better in ACCT 451 or concurrent enrollment.
ACCT 490. Selected Topics - 1-3 cr.
Current topics in accounting. Prerequisites vary according to the seminar offered. May be repeated for a maximum of 12 credits under different subtitles.
ACCT 498. Independent Study - 1-3 cr.
Individual studies directed by consenting faculty with the prior approval of the department head. Prerequisites: junior or senior standing and consent of instructor. A maximum of 3 credits may be earned.