NSU 2014-2015 Undergraduate Catalog

304 Nova Southeastern University • Undergraduate Student Catalog • 2014–2015 COURSE DESCRIPTIONS Course Descriptions This section lists courses offered at Nova Southeastern University. Refer to the appropriate college or school section for curriculum requirements. Course descriptions for graduate courses in the R.N. to M.S.N. program may be found in the Health Professions Division catalog. ACT—Accounting ACT 2200 Financial Accounting (3 credits) Provides an introduction to financial accounting and its decision-making elements. Areas covered are the conceptual frameworks of accounting, financial statements and their components, and advance manufacturing environments. ACT 2300 Managerial Accounting (3 credits) Integrates the accounting process with the planning, coordinating, and control functions of the business organization. Topics include strategic planning, tactical and operational decision making, budgeting, responsibility accounting, and performance measurement. ACT 3030 Cost Management (3 credits) Students learn cost measurement techniques in the manufacturing and service sectors. Using a strategic approach, the course examines the design and operation of cost accounting systems in both traditional and advanced manufacturing environments. Prerequisite: ACT 2300. ACT 3050 Intermediate Accounting I (3 credits) Study the conceptual framework of accounting and the development of the balance sheet and income statement. Examine the concepts underlying the valuation of current and non-current assets and current liabilities. Cover the recognition and measurement of Income. Prerequisite: ACT 2200. ACT 3060 Intermediate Accounting II (3 credits) Continuation of Intermediate Accounting I. Study of long- term liabilities (including bonds, pensions, and leases), inter-period tax allocation, owners’ equity, and earnings per share. Prerequisite: ACT 3050. ACT 3070 Intermediate Accounting III (3 credits) This course continues the analysis of the accounting principles used to generate financial statements. Topics covered include an investigation of stockholder’s equity, earnings per share, the statement of cash flows, investments, derivatives, and accounting changes and error correction. Prerequisite: ACT 3060. ACT 3150 Business Law for Accountants (3 credits) A survey course focusing on the legal aspects of business decision-making, including torts, contracts, Uniform Commercial Code, and debtor/creditor law. The course provides students with an understanding of the role of legal rules and their impact on business. Students learn through assignments that teach them to analyze issues and appreciate the philosophy behind court decisions. The course focuses on those areas of business law that are necessary for successful completion and passing of the CPA exam. Prerequisites: MGT 2150, ACT 2300, and ACT 3050. ACT 3900 Accounting Internship (3 credits) The Huizenga Business School fosters learning through the application of classroom theory in the workplace. Undergraduate students have the option of participating in a university sponsored internship for academic credit. The minimum internship work requirement is 180 hours during one semester. Registration for internship is done through the HSBE Office of Academic Advising, not online, after conferral with the NSU Office of Career Development. ACADEMIC REQUIREMENTS: good academic standing, GPA of 2.5 or higher, and completion of at least 36 credit hours. ACT 4010 Advanced Accounting (3 credits) Study of accounting principles and practices related to business combinations (accounting for mergers and acquisitions, constructing consolidated financial statements), foreign operations (recording foreign currency transactions and hedging exchange risk, currency translation of foreign subsidiary financial statements), and local governments. Examination of the cash flow statement and accounting changes. Prerequisite: ACT 3070 or equivalent. ACT 4050 Accounting Information Systems (3 credits) Examines the design, construction, and operation of accounting information systems. Information theory, database construction, computer hardware and software selection, and internal control are also covered. Prerequisites: ACT 3070. ACT 4210 Auditing I (3 credits) Provides an overview of basic auditing concepts, auditing standards, and audit programs. Special emphasis is given to preparing the student for the auditing section of the CPA examination. Prerequisite: ACT 3060.