Biology - Major in Biology Program

Required courses:

ACT 251 Intermediate Accounting I

Study of the theory and development of generally accepted accounting principles as they relate to financial reporting; the application of these principles to the preparation of financial statements; special emphasis on revenue recognition as well as valuation, classification and disclosure of current and long-term assets. Prerequisite: ACT 131 or 151. 3 credits.

ACT 252 Intermediate Accounting II

Study of the application of accounting principles for current liabilities, long-term liabilities, stockholder's equity, earnings per share, dilution, pensions, leases, cash flows, deferred taxes, investments including the analysis of financial statements. Prerequisite: ACT 251 with a minimum grade of C- or better. 3 credits.

ACT 363 Cost Accounting II

This is the second of a two-course sequence examining the role of financial information inside the business. These courses will emphasize the role accounting plays as a business partner in the managerial decisions of the company. This course will focus on the creation and analysis of financial reports. Topics will include budgeting, variance analysis, joint and product costing, activity-based costing and just-in-time. Prerequisite: ACT 263 with a C- or better. 3 credits.

One of the following:
ACT 131 Fundamentals of Accounting and Financial Statement Analysis

This course will provide students with an introduction to the fundamentals of the accounting system, basic financial statements, and SEC filings. You will learn how transactions get recorded in a business' financial records and become familiar with the concept of footnote disclosures. You will evaluate and analyze how financial statements are used by stakeholders and how information contained therein in collected. 3 credits.

ACT 151 Financial Accounting

Basic concepts of accounting including: accounting for business transactions, preparation and use of financial statements, and measurement of owners' equity. Restricted to Accounting, Actuarial Science, & Analytical Finance majors. 3 credits.

One of the following:
ACT 231 Managerial Accounting

Cost-volume-profit relationships, cost analysis, business segment contribution, profit planning and budgeting as a basis for managerial decision-making. Prerequisite: ACT 131 or ACT 151, with a minimum grade of C- or better. 3 credits.

ACT 263 Cost Accounting I

This is the first of a two-course sequence examining the role of financial information inside the business. These courses will emphasize the role accounting plays as a business partner in the managerial decisions of the company. This course will focus on the creation and analysis of financial reports. Topics will include cost objects, cost behaviors, costing methods, and cost/volume/profit analysis. Prerequisite: ACT 151 with a C- or better. 3 credits.

Plus three credits in accounting at the 300 level or higher - not to include ACT 400.