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Saint Xavier University Chicago Campus Residence Halls

Accounting


Prerequisite/Corequisite Key

P = Course must be taken previously C = Course must be taken concurrently E = Course can be taken previously or concurrently
(RQ) = Required (RM) = Recommended  

ACCT 210

Financial Accounting

3 credit hours

Pre-requisite: P (RQ) MATH-099 or placement into MATH-131

Financial accounting is an introduction to accounting principles and concepts, measurement of business income and determination of financial position. Emphasis is on the theory and practice of accounting cycle leading to the preparation of financial statements for sole proprietorship and the theory of asset, liability and owner equity accounts. Emphasis is on understanding financial information for decision-making purposes.

ACCT 211

Managerial Accounting

3 credit hours

Pre-requisite: P (RQ) ACCT-210 and C: MATH-131 (RQ)

Managerial accounting is a study of the concepts, nature, objectives and reporting flows of managerial accounting. Emphasis is placed on how accounting information is used by decision makers within the context of the overall managerial function. Topics include: cost accumulation for product costing, cost structure for control and motivation, cost volume profit relationships, profit planning, standard costing and relevant costs for non-routine decisions. Specific analytical techniques will be discussed, including activity-based costing and cost volume profit decisions.

ACCT 220

Business Law I

3 credit hours

Business Law is the study of the fundamental concepts, principles and rules of laws that apply to business transactions. Primary attention is given to contract law and the Uniform Commercial Code as it relates to sales and commercial paper. The law governing agency will be covered. In addition, two or more of the following areas will be included in course coverage: Bankruptcy, Securities Regulation, Secured Transactions or Accountants' Legal Liability. Each area will be discussed and analyzed through the use of cases and problems. This course is required for accounting majors. All other business students should take MGMT 223.

ACCT 301

Intermediate Accounting I

3 credit hours

Pre-requisite: P (RQ) ACCT-211

Intermediate Accounting I begins the development of accounting theory, practice, research and analysis covering the accounting cycle, and current assets. Includes preparation of financial statements, and information systems. Analysis, journal entries, and adjusting entries related to revenue recognition, and current assets.

ACCT 302

Intermediate Accounting II

3 credit hours

Pre-requisite: P (RQ) ACCT-301

Intermediate Accounting II continues the development of accounting theory practice, research and analysis from the perspective of a financial accountant. Emphasis is placed on long-term assets, current and long-term liabilities, stockholders' equity and investments. This course should be taken immediately after ACCT 301.

ACCT 303

Intermediate Accounting III

3 credit hours

Pre-requisite: P (RQ) ACCT-302

Intermediate Accounting III continues the development of accounting theory, practice, research and analysis from the perspective of the financial accountant. Emphasis is placed on earnings per share, and certain long-term liabilities, including pensions, deferred taxes and leases. The cash-flow statement, revenue recognition and accounting changes and error analysis will be studied in depth. One hour of Accounting research is included. This course should be taken immediately after ACCT 302.

ACCT 311

Individual Income Tax

3 credit hours

Pre-requisite: P (RQ) ACCT-211 BANA-250

Individual Income Tax is an introduction to the theory and broad outline of federal income tax law as it applies to the individual taxpayers, including income recognition and expense deduction rules, property transactions, tax credits and current law changes, along with limited coverage of the impact of federal law on Illinois Income Tax reporting. Students seeking academic credit for this course must participate in a community service pro-bono tax preparation service program offered in conjunction with the University or approved by the instructor, which service 16 hours of off-campus service and training during the student's spring semester enrollment.

ACCT 312

Introduction to Taxation

3 credit hours

Pre-requisite: P (RQ) ACCT-211

Introduction to the theory of federal income tax law as it applies to individuals, including income recognition and expense deduction rules, property transactions, and tax credits. Students seeking credit must participate in a community service tax preparation service approved by the instructor, which requires at least 16 hours off-campus service during the student's concurrent or subsequent semester.

ACCTL 312

Tax Clinic Lab

0 credit hours

Pre-requisite: C (RQ) ACCT-312

This lab class is the required tax clinic associated with ACCT 312. Students must participate in a community service tax preparation service approved by the instructor, which requires at least 16 hours of off-campus service during the student's concurrent or subsequent semester. Course is taken Pass/Fail.

ACCT 321

Cost Accounting

3 credit hours

Pre-requisite: P (RQ) ACCT-211 BANA-250

Cost Accounting is a detailed study of accounting systems for managerial planning and control, the use of their outputs and their effect on the organization. Coverage include: cost-volume-profit analysis, costing systems, standard costing, capital budgeting and relevant cost analysis. Students will be exposed to emerging issues in the field. Emphasis will be placed on the ability to analyze information and situations, and make decisions that drive the business.

ACCT 331

Accounting Information Systems

3 credit hours

Pre-requisite: P (RQ) ACCT-302

This course is a study of the concepts, nature, and objectives of accounting information systems. AIS integrates the students' knowledge of accounting with computer technology, management concerns, and quantitative reasoning. Internal controls will be addressed. Students will be introduced to Sage50 (Peachtree) Accounting Software. This software is compatible with WINDOWS only. Advanced EXCEL techniques will be reviewed.

ACCT 341

Auditing

3 credit hours

Pre-requisite: P (RQ) ACCT-302

Auditing allows students to gain an understanding and familiarization of financial statement auditing and other value-added assurance and attestation services. Topics covered include: auditing theory and legal and ethical issues related to auditing, creating an auditing plan, analyzing audit risk, studying and assessing internal control, performing statistical samplings, and gathering audit evidence and preparing audit reports. Current issues in auditing will also be discussed.

ACCT 351

Advanced Accounting Issues

3 credit hours

Pre-requisite: P (RQ) ACCT-302

Advanced Accounting is the study of the concepts, nature objectives and reporting issues related to not-for-profit/governmental organizations and partnerships. Foreign currency transactions will be addressed. The equity method will be expanded to include consolidation theory and practices.

ACCT 361

Corporate Income Taxation

3 credit hours

Pre-requisite: P (RQ) ACCT-311

Corporate Income Tax provides students with a review of tax theory, introduction to tax research and tax planning as it relates to federal and multi-state income taxation applied to corporations and S-corporations and their shareholders. Tax issues related to partnerships/partners and trust/beneficiaries are also covered. Student research of tax issues, including court cases and IRS pronouncements is included. Students seeking academic credit for this course must participate in a community service pro-bono tax preparation service program offered in conjunction with the University or approved by the instructor, which service 16 hours of off-campus service and training during the student's spring semester enrollment in either ACCT 311 or ACCT 361.

ACCT 362

Advanced Taxation

3 credit hours

Pre-requisite: P (RQ) ACCT-312

Advanced taxation provides students with a review of tax theory, introduction to tax research and planning as it relates to federal and multi-state income taxation for corporations and S-corporations and their shareholders. Tax issues related to partnerships/partners and trust/beneficiaries are also covered. Student research of tax issues, including court cases and IRS pronouncements is included.

ACCT 371

Governmental, Non-Profit, and Current Issues in Accounting

3 credit hours

Pre-requisite: P (RQ) ACCT-302

Financial accounting, transaction analysis, and recording within the context of governmental and non-profit accounting frameworks. These include general non-profits, educational institutions, and private health organizations. Other selected current issues in accounting are addressed, including accounting research, and SEC reporting.

ACCT 390

Elder Law/Justice in Aging

3 credit hours

Course Types: GERON

This course is an introduction to the myriad of legal issues that are often grouped under various titles such as Elder Law and Aging and the Law. The course highlights the social and legal issues associated with an aging society, a critical understanding of the distinct legal problems of the elderly and a familiarity with governmental aging society, a critical understanding of the distinct legal problems of the elderly and a familiarity with governmental programs established for the benefit of older people.

ACCT 399

Special Topics in Accounting

3 credit hours

Pre-requisite: C (RQ) ACCT-301

Course content will be adapted to meet student and faculty needs. Specific titles, prerequisites and content will vary. Course is repeatable with approval based on content of course.