Qualifying Coursework

What college-level coursework is described as Principles of Accounting?

Fundamentals of financial accounting theory and practice; analysis of assets, liabilities and owners' equity accounts; allocation, estimation and accrual procedures; financial statement preparation and interpretation. Accounting procedures that help business managers in decision-making, manufacturing cost methods, budgets, tax considerations, and methods of analyzing and interpreting financial statements.

Course titles commonly used by colleges and universities may include, but are not limited to:

  • Introduction to Accounting I and II
  • Introduction to Financial Accounting
  • Introduction to Managerial Accounting
  • Principles of Accounting I and II
  • Principles of Financial Accounting

What college-level coursework is described as Intermediate Accounting?

Accounting theory and practice as it relates to current assets, including monetary assets, receivables and inventories. The standard setting process, present value application, accounting for discontinued operations and extraordinary items, and preparation of financial statements. Inventory valuation, plant assets, intangible assets, current liabilities, bonds, contingencies and stockholders; equity, earnings per share for both simple and complex capital structures. Investments, revenue recognition, deferred taxes, pension plans and leases. Accounting changes, financial statement analysis and disclosure issues.

Course titles commonly used by colleges and universities may include, but are not limited to:

  • Intermediate Accounting I, II and III
  • Financial Accounting
  • Introduction to Financial Reporting

What college-level coursework is described as Cost Accounting?

Application of general accounting principles to the recording, analysis and interpretation of material, labor and overhead costs for division, functions, departments and operations; product cost systems, job cost systems and factory overhead cost.

Course titles commonly used by colleges and universities may include, but are not limited to:

  • Cost Accounting
  • Managerial Accounting
  • Managerial/Cost Accounting
  • Principles of Managerial Accounting

What college-level coursework is described as Advanced Accounting?

Highly complex issues such as: current issues in the accounting field, foreign currency transactions and statements, special entities of estates, trusts and reorganizations, governmental and non-profit accounting, consolidations and mergers, any study that included large organizations with international or multi-subdivision impact.

Course titles commonly used by colleges and universities may include, but are not limited to:

  • Accounting for Government and Non-profit Organizations
  • Accounting Governmental Non-Profit Entities
  • Accounting in International Environments
  • Accounting/Non-Profit Organizations
  • Advanced Accounting
  • Advanced Accounting Problems
  • Advanced Accounting Theory
  • Advanced Financial Accounting
  • Advanced Financial Reporting Principals
  • Advanced and Non-Profit Accounting
  • Consolidations and Equity Issues
  • Consolidations and Mergers
  • Consolidations and Partnership
  • Financial Accounting III
  • Financial Reporting II
  • Governmental Accounting
  • Government Entities
  • Governmental and Institutional Accounting
  • Governmental and Non-Profit Accounting
  • International Accounting

What college-level coursework is described as Auditing?

Generally accepted auditing standards and supporting procedures used in examining financial statements and supporting records; the auditor's responsibilities to third parties, the evaluation of the client's internal control and the ethics of the profession. Working papers, statements and reports are studied and interpreted.

Course titles commonly used by colleges and universities may include, but are not limited to:

  • Assurance Services
  • Auditing
  • Auditing and Control
  • Auditing Theory and Practice
  • Introduction to Auditing

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