Accounting (ACCT) - For a syllabus or more detailed course information, please contact the department at 610-758-3451.

Course Listings

Course#       Course Title (Credit Hours)                CRN         Day/Time                     Location   Session  Instructor

Course Descriptions

151.  Introduction to Financial Accounting:   The organization, measurement and interpretation of economic information.  Introduction to accounting theory, concepts and principles, the accounting cycle, information processing, and financial statements.  Exposure to controversial issues concerning income determination and valuation.  Prerequisite:  sophomore standing. *Online section requires use of Blackboard, High Speed Connection, and Elluminate Sessions.

152. Introduction to Managerial Accounting:   An introduction to internal accounting information for all levels of management.  Topics include cost flow in a manufacturing operation; planning, evaluating and controlling through budgeting and standard costing; and decision-making using cost-volume-profit analysis, direct costing, and relevant costs.  Prerequisite: Acct 151.  *Online section requires use of Blackboard, High Speed Connection, and Elluminate Sessions.

311.  Accounting Information Systems:  An introduction to the concepts underlying information systems as they relate to organizational structure, managerial decision making and accounting.  The course acquaints students with the reports and documents generated by information systems, as well as procedures and controls employed in a variety of business applications.  Students apply these concepts, techniques and procedures to the planning, analysis and design of manual and computer-based information systems.  Prerequisite:  ACCT 152 and BIS 111.

315.  Financial Accounting I:   Intensive study of the basic concepts and principles of financial accounting, emphasizing the problems of fair presentation of an entity’s financial position and operating results.  Consideration of the conceptual framework of accounting, review of the accounting process, and measurement and valuation of current assets, current liabilities, plant assets, intangibles, investments, and long-term debt.  Problem-solving skills and critical analysis are stressed.  Prerequisite:  Acct 152.

316. Financial Accounting II:   The sequel to Accounting 315, this course continues with intensive study of such topics as stockholders’ equity, valuation and disclosure of leases and pensions, income tax allocation, changing prices, revenue issues, earnings per share, and complexities related to the statement of changes in financial position.  Analysis and interpretation of financial statements and problem-solving skills are integral parts of the course. Prerequisite: Acct 315.

320.  Auditing:  An introduction to auditing theory, objectives, and practices related largely to the responsibilities of independent professional accountants.  The auditing environment, generally accepted auditing standards, internal control theory, and reporting alternatives are considered.  Exposure to operational auditing is provided.  Prerequisites:  Acct 311 and 315.

*Blackboard is the online course management system used at Lehigh.  Access to Blackboard requires a Lehigh computing account.

*Elluminate is a web-based conferencing tool that allows professors to hold live sessions with the class.  Students must have speakers and a microphone or a headset to participate.