KENTUCKY STATE UNIVERSITY ACC 301: Intermediate Accounting I. A comprehensive study of concepts and principles underlying corporate financial accounting and reporting. Emphasis is given to current assets and operating assets. Prerequisites: ACC 202, BUA 101 and BUA 102, all with grades of C or better or consent of instructor. Credit: 3 semester hours. ACC 302: Intermediate Accounting II. A study of investments, current and long-term liabilities, stockholders' equity, pensions, leases, accounting changes and error analysis, statement of cash flows, and interperiod income tax allocation. Prerequisite: ACC 301. A continuation of ACC 301. Credit: 3 semester hours. ACC 303: Intermediate Accounting III. This course is a continuation of ACC 301 and 302. The course consists of a comprehensive study of concepts and principles underlying current financial accounting and reporting practices, including IFRS. Prerequisites: ACC 302 with grade of C or better. Topics include pensions, leases, accounting changes and error analysis, accounting for income taxes, statement of cash flows, governmental and non-profit accounting, business combinations and consolidated financial statements. Credit: 3 semester hours. ACC 308: Cost Accounting I. The study of cost behavior from a managerial perspective. The principles, practices, and procedures involved in collecting, assembling, analyzing, and controlling manufacturing costs are examined. Prerequisites: ACC 202, BUA 101 and BUA 102, all with grades of C or better or consent of instructor. Credit: 3 semester hours. ACC 324: Accounting Information Systems. An exploration of the flow of accounting information and resources throughout the entity with respect to management decision-making and control. Hands-on experience with microcomputer accounting software is an integral part of this course. Prerequisites: ACC 202, BUA 101 and BUA 102, all with grades of C or better or consent of instructor. Credit: 3 semester hours. ACC 403: Auditing. A study of the attest function, including history, scope of service, ethics, and responsibilities. Planning procedures used in independent audits and the impact of materiality, risk and internal controls are covered. Prerequisite/Co-requisite: ACC 302; Prerequisite: BUA 320. Credit: 3 semester hours. ACC 410: Governmental/Not-for-Profit Accounting. Study of generally accepted accounting and reporting principles for governmental and non-profit entities. Particular emphasis is on state and local government using fund accounting. Prerequisite: ACC 301 or consent of instructor. Credit: 3 semester hours. ACC/FIN 425: Analysis of Financial Statements and Financial Reporting. The study of accounting data and financial statements for reporting and planning purposes and the analysis and interpretation of financial statement for accounting, management, and investment purposes. Applications and financial software are utilized to construct proforma statements and complete case analysis assignments. Prerequisite: FIN 330. Credit: 3 semester hours. ACC 462: Federal Income Taxation. Study of federal income tax concepts, laws and rules relating to individuals and businesses. Basic tax return preparation and tax research are included. Prerequisites: ACC 202, BUA 204 and BUA 102, ECO 201, all with grades of C or better. Credit: 3 semester hours. ACC 463: Advanced Federal Income Taxation. Exploration of federal income tax laws, rules, regulations, and court decisions applicable to partnerships, corporations, fiduciaries and international transactions and estate and gift transfer taxes. Prerequisite: ACC 462. Credit: 3 semester hours. ACC 480: Accounting Internship. Off-campus, on-the-job employment related to the discipline of accounting. Prerequisite: ACC 301; junior or senior classification and consent of chairperson. Credit: 3 semester hours.