Accounting (ACTG)

Subject Number Title Hours Catalog Description
ACTG 210 Introduction to Financial Accounting 3 hours. Concepts and standards underlying the preparation and analysis of external reports; alternative effects and role of accounting in the business environment and capital markets. Previously listed as ACTG 110. Extensive computer use required. Prerequisite(s): Sophomore standing. 
ACTG 211 Introduction to Managerial Accounting 3 hours. Management planning and control; cost concepts and measurement; cost accounting systems; analysis of cost and volume-profit relationships; standard costs and variances; and budget preparation. Previously listed as ACTG 111. Extensive computer use required. Prerequisite(s): ACTG 210 and sophomore standing. Accounting majors need a grade of C or better in ACTG 210.  
ACTG 315 Intermediate Financial Accounting I 3 hours. Theory and standards related to asset valuation, revenue recognition, gain and loss recognition, and their impact on income measurement and financial position. For satisfactory progress in the Accounting major, students must receive a grade of C or better in ACTG 315. ACTG 315 may be repeated only once. Transfer credit from another College or University is not accepted for ACTG 315. Prerequisite(s): Average grade of B or higher in ACTG 210 and ACTG 211, with both taken at UIC; or a grade C or better in ACTG 210 or equivalent and ACTG 211 or equivalent and a passing grade in the Accounting Qualifying Exam (AQE). Registration for this course is only through Department of Accounting website: http://accounting.cba.uic.edu. Information on AQE is also available there.
ACTG 316 Intermediate Financial Accounting II 3 hours. Selected topics in accounting and financial reporting including: cash flow statements, income taxes, long-term debt and leases, investments, derivative securities, and contingencies and employee retirement benefits and stockholders' equity. Prerequisite(s): Grade of C in ACTG 315.
ACTG 326 Cost Accounting 3 hours. Design of cost accounting systems; alternate costing methods; costing for decision making; budgeting and performance evaluation. Extensive computer use required. For satisfactory progress in the Accounting major, students must receive a C or better in ACTG 326. ACTG 326 may be repeated only once. Prerequisite(s): Grade of C or better in ACTG 210 and grade of C or better in ACTG 211.
ACTG 355 Business Law I: Commercial Transactions 3 hours. Commercial transactions including: contracts, sales of goods, negotiable instruments, and secured transactions. Prerequisite(s): ACTG 211 or the equivalent.
ACTG 394 Special Topics in Accounting - Undergraduate 3 hours. Investigates selected contemporary accounting topics using readings in both academic and professional journals as well as cases for analysis. Prerequisite(s): ACTG 316 and ACTG 326. 
ACTG 396 Independent Study in Accounting - Undergraduate 1 TO 3 hours. Independent study in approved topics; written report prepared under the guidance of a faculty member is required. Prerequisite(s): ACTG 316 and ACTG 326, declaration of a major and approval of the department. 
ACTG 417 Advanced Financial Accounting 3 OR 4 hours. Financial accounting theory for business combinations, consolidated financial statements, international transactions and investments, and partnership accounting. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 316. 
ACTG 435 Auditing 4 hours. Introduction to the audit function; ethical and legal environment; audit standards; objectives and procedures; materiality and audit risk; sampling; auditing in a computer environment; reporting.  Extensive computer use required. Prerequisite(s): ACTG 316.
ACTG 445 Federal Income Tax I 3 OR 4 hours. Concepts and provisions of federal income taxation as applicable to individual taxpayers, partnerships, individuals and trusts. 3 undergraduate hours. 4 graduate hours. Credit is not given for ACTG 445 if the student has credit for ACTG 508. Extensive computer use required. Prerequisite(s): ACTG 315.
ACTG 446 Federal Income Tax II 3 OR 4 hours. Concepts and provisions of federal income taxation on corporations and partnerships; special problems in reorganization, liquidations, and personal holding companies. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s): ACTG 445 or the equivalent.
ACTG 456 Business Law II: Business Organizations 3 OR 4 hours. Business organizaions, including: agency, general partnerships, limited partnerships, corporations, limited liability companies, securities regulations, bankruptcy, suretyship, bailments, real property, wills and trusts, accounting liability. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 355 or the equivalent.
ACTG 465 Governmental and Nonprofit Accounting 3 OR 4 hours. Financial transaction analysis and recording system; budget preparation and control; concepts and principles underlying the financial reports of governmental and nonprofit organizations. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 316. 
ACTG 474 Accounting Information Systems 3 OR 4 hours. Skills and concepts that enable the documentation, design and use of accounting information systems, understanding transaction cycles, sound internal controls, accounting software and the electronic business environment. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s):  Grade of C or better in ACTG 210 and Grade of C or better in ACTG 211; and IDS 200.
ACTG 475 Database Accounting Systems 3 OR 4 hours. Concepts and principles of designing database systems to perform accounting functions, applications of microcomputer accounting software packages systems design tools, and computerized transaction cycles. Same as IDS 475. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s): ACTG 211 and IDS 200.
ACTG 484 International Accounting 3 OR 4 hours. Financial accounting for international operations, multinational managerial accounting and control, comparative international accounting, international reporting issues and international taxation. 3 undergraduate hours. 4 graduate hours. Prerequisite(s): ACTG 316. 
ACTG 485 Valuation and Analysis 3 OR 4 hours. Financial analysis and valuation of firms. Corporate strategies, financial reporting issues and market perceptions. 3 undergraduate hours. 4 graduate hours. Extensive computer use required. Prerequisite(s): ACTG 315 and FIN 300 for undergraduate students. One accounting and one finance class or consent of the instructor for graduate students. 
ACTG 494 Special Topics in Accounting 1 TO 4 hours. Topics rotate in various areas of accounting, including but not restricted to financial, managerial, governmental and nonprofit accounting, law and business ethics. Explores current issues and proposed alternatives. Prerequisite(s): Two courses in accounting or finance beyond ACTG 211 and FIN 300 or the equivalent.
ACTG 495 Competitive Strategy 4 hours. Multidisciplinary analysis of organization strategy and policy, using case method and/or business simulation. Assignments involve extensive library research and oral and written reports. Prerequisite(s): Senior standing in the College of Business Administration and completion of all other CBA core courses, or consent of the instructor.