Lowell Jacobsen, Rhodes Professor of International Business, received the Mike Wood Presidential Citation of Merit in recognition of his service to the International Relations Council. Read More

World-class faculty, top students and an innovative curriculum are the hallmarks of Baker's Business and Economics Department.

A degree in business, accounting, economics or international business will prepare you to join the workforce or to pursue an advanced degree in business or law school.

Business Students Excel Nationally

Students in Baker's business policy class placed in the top 9% nationally on the ETS Major Field Test for business majors. Senior Eric Hendricks scored in the top 3%. Read More

Alan Grant, professor of business and economics, won the Economist Educators Best in Class Teaching Award, which honors innovative teaching at the introductory level. Read More

Students are encouraged to pursue research and present it at the Missouri Valley Economics Association.

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Degrees & Majors > Accounting >

Accounting Courses

See courses in Business | Economics | Education | Mathematics

AC 141 - Introduction to Financial Accounting 3 hrs.

This course introduces accounting theory and procedure including recording, classifying, reporting, and analysis of financial information.

AC 142 - Managerial Accounting I 3 hrs.

Managerial accounting principles for planning and control are introduced, including cost-volume profit analysis, responsibility reporting, and standard cost and process costing. Prerequisite: AC 141.

AC 351 - Intermediate Accounting I 3 hrs.

This course studies the theoretical structure underlying financial accounting and reporting, the preparation of general purpose financial statements, the determination of balance sheet values for current and long-term assets and current liabilities, and revenue recognition. Prerequisite: AC 141.

AC 352 - Intermediate Accounting II 3 hrs.

This course builds upon AC 351 by studying the determination of balance sheet value for investment, long-term liabilities and stockholders’ equity accounts. In addition, a number of specialized topics including leases, pensions, income taxes, and earnings per share are introduced. Prerequisite: AC 351.

AC 353 - Accounting Information Systems 3 hrs.

Integrated applications software is employed to address problems of information management. Skills in building information systems and data base management are developed by case studies. Prerequisite: AC 351.

AC 354 - Managerial Accounting II 3 hrs.

Topics covered include inventory valuation, income determination, capital budgeting, and performance measurement. Prerequisite: AC 142.

AC 355 - Income Tax 3 hrs.

This course is an overview of individual income taxation, including determination of gross income, deductions, credits, tax computation, and tax planning for individuals. Prerequisite: AC 141.

AC 456 - Advanced Accounting 3 hrs.

This course provides an in-depth study of business combinations and the preparation of consolidated financial statements. Other topics include foreign currency transactions, translation of foreign currency financial statements, and accounting for governmental and not-for-profit organizations. Prerequisite: AC 352.

AC 457 - Auditing 3 hrs.

The nature and purpose of auditing, including legal liability, professional ethics, and auditing standards, are introduced. Prerequisite: AC 352.

AC 458 - Seminar in Accounting Topics 3 hrs.

This course examines accounting and tax theory and practice as required for professional standards, practice, and certification. Prerequisite: AC 352.

AC 295, 495 - Special Topics 1-3 hrs.

Offered periodically, this course will be determined by student interest and needs.

AC 499 - Independent Study 1-3 hrs.

This course is arranged between the instructor and student. Prerequisite: Department chair approval.
 

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