Accounting at Aquinas College

Accounting Minor

Minor Requirements:

A minimum of twelve (12) credit hours of the minor must be taken at Aquinas College in accounting courses at the 300 level and above.

Every course applied to an Accounting major/minor must be completed with a grade of C– or better. Students may take a course twice to obtain the requisite C-.

A number of college electives are offered and recommended depending on the type of certification desired, e.g. Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Management Accountant (CMA).

Twenty-four (24) credit hours. Required courses:

  • AG210
  • AG211
  • AG304
  • AG305
  • AG315
  • Minimum of five (5) hours selected from
    • AG330
    • AG336
    • AG337
    • AG340
    • AG390
    • AG405
    • AG410

Courses

  • AG210 Principles of Accounting I (4) SS1

    Introduction to financial accounting and its application to the reporting needs of organizations. Topics include basic accounting processes and procedures, financial statement preparation and analysis, internal control, and the recognition and measurement of accounts included in financial reports. Recommended: MS 114

  • AG211 Principles of Accounting II (4) SS1

    An introduction to managerial accounting concepts and the use of accounting information for planning, control and decision-making. Topics include costing of products and services, cost-volume-profit analysis, budgeting, performance evaluation, and costs relevant to decision-making. Prerequisite: AG210.

  • AG304 Intermediate Accounting I (4) SS1

    A continuation of the study of financial accounting theory and practice. Topics include the development of accounting standards, conceptual framework of accounting, financial statement presentation, and the recognition and measurement of assets. Prerequisite: AG211.

  • AG305 Intermediate Accounting II (4) SS1

    A continuation of AG304. Topics include long-term investments, liabilities, stockholders’ equity, earnings per share, leases, taxes, and the statement of cash flows. Prerequisite: AG304.

  • AG315 Cost Accounting (3) SS1

    Topics include cost definitions, product and service costing, activity-based costing, standard costs, flexible budgeting, planning and controlling costs, and other related topics. Prerequisites: AG211 and Excel proficiency.

  • AG330 Accounting Systems (3) SS1

    Reviews the design, implementation, and monitoring of information systems. Emphasis is placed on internal controls in the system. Prerequisite: AG304

  • BS336/AG336 Tax Law I (3)

    Covers the basic concepts of federal income taxation applicable to individual taxpayers, including tax research, realization and recognition of income, deductions and credits. Prerequisite: AG210.

  • BS337/AG337 Tax Law II (3)

    A continuation of the basic concepts and principles of federal income taxation as it applies to partnerships and corporations. Topics covered include partnerships, S Corporations, regular corporations, LLCs, LLPs, gift tax and estate tax. Prerequisite: BS/AG336.

  • AG340 Forensic Accounting (3) SS1

    Introduces basic principles of forensic accounting and analysis of financial evidence. Emphasis on evidence, evaluation of systems and fraud detection. Topics include ethics, investigation, legal professional privilege, forensic evidence, and elements of fraud-related offenses. Prerequisite: AG211

  • AG390 Accounting for Nonprofits (3) SS1

    Provides an introduction to accounting rules for state and local governmental units, hospitals, colleges and universities, and other nonprofit organizations. Prerequisite: AG304

  • AG405 Auditing (3) SS1

    Introduces auditing theory and current procedures and practices. Includes a review of the ethical and professional standards required of the CPA. Other topics include the audit environment, the audit process and the audit report. Prerequisites: AG305 and AG315.

  • AG405L - Auditing Technology (1) SS1

    Introduces auditing software widely used by CPA firms, industry and governments. Course should be taken in conjunction with AG405. Prerequisites: AG305 and AG315.

  • AG410 Advanced Accounting (4) SS1

    A review of complex accounting areas including, but not limited to, business combinations and consolidations, partnership accounting, and international accounting. Prerequisite: AG305.