The Department of Accounting
The Department of Accounting
The Department of Accounting at Howard University has graduated more African American Certified Public Accountants than any other college or university. These graduates have successful careers in public accounting corporate accounting, government and nonprofit accounting, as well as in universities all over the world.
The vision of the department is to prepare African American accounting graduates to assume leadership and management roles. The Accounting Curriculum which offers a Bachelor of Business Administration degree, is accredited by the AACSB International (Association to Advance Collegiate Schools of Business).
The Department of Accounting offers a Bachelor of Science in Accounting and a Master of Accountancy degree programs.
THE OFFICE OF ACCOUNTING IS LOCATED AT THE HUSB SUITE 340
Accounting Course Descriptions
Undergraduate Accounting Course
Course Number: ACCT 201
Course Name: Accounting Principles I
Course Description: Basic concepts of financial accounting theory, recording procedures, and financial statement preparation.
Credit Hours: 3
Course Prerequisites: MATH 006 Minimum Grade of C or T; Business Majors (Non-Accounting Majors) must earn an average grade of C in ACCT 201 and ACCT 202.
Course Number: ACCT 202
Course Name: Accounting Principles II
Course Description: Continuation of ACCT 201, including interpretation of financial data, cost accounting systems, and aids to managerial decisions.
Credit Hours: 3
Course Prerequisites: ACCT 201 Minimum Grade of C (Accounting Majors/Business Minors) or ACCT 201 Minimum Grade of T and MATH 007 Minimum Grade of C or MATH 010 Minimum Grade of T or MATH 010 Minimum Grade of C or MATH 007 Minimum Grade of T; Business Majors (Non-Accounting Majors) must earn an average grade of C in ACCT 201 and ACCT 202.
Course Number: ACCT 310
Course Name: Intermediate Accounting I
Course Description: Overview of the foundations of accounting theory, contemporary practices in accounting, and the application of professional standards to financial reporting.
Credit Hours: 3
Course Prerequisites: ACCT 201 Minimum Grade of C or ACCT 201 Minimum Grade of T and ACCT 202 Minimum Grade of C or ACCT 202 Minimum Grade of T; Accounting Majors and Concentration, and Finance Majors.
Course Number: ACCT 311
Course Name: Intermediate Accounting II
Course Description: Continuation of ACCT 310. Includes techniques used in the analysis of earnings, cash flow, and changes in financial position.
Credit Hours: 3
Course Prerequisites: ACCT 310 Minimum Grade of C or ACCT 310 Minimum Grade of T; Accounting Majors and Concentration.
Course Number: ACCT 318
Course Name: Tax Principles and Procedures
Course Description: Covers the basic concepts of federal income tax determination and current reporting requirements.
Credit Hours: 3
Course Prerequisites: ACCT 201 Minimum Grade of C or ACCT 201 Minimum Grade of T; Accounting Majors.
Course Number: ACCT 320
Course Name: Cost Accounting I
Course Description: Includes job order, process, standard, and variable costing and the analysis of cost behavior.
Credit Hours: 3
Course Prerequisites: ACCT 202 Minimum Grade of C or ACCT 202 Minimum Grade of T; Accounting Majors.
Course Number: ACCT 330
Course Name: Advanced Accounting
Course Description: Covers branch operations, business combinations, consolidated statements, foreign operations, partnerships, governmental accounting, and current trends in financial reporting.
Credit Hours: 3
Course Prerequisites: ACCT 311 Minimum Grade of C or ACCT 311 Minimum Grade of T; Accounting Majors.
Course Number: ACCT 340
Course Name: Auditing I
Course Description: Deals with the application of GAAP and auditing standards to financial and operational auditing procedures.
Credit Hours: 3
Course Prerequisites: ACCT 310 Minimum Grade of C or ACCT 310 Minimum Grade of T; Accounting Majors and Concentration.
Course Number: ACCT 341
Course Name: Auditing II
Course Description: Continuation of ACCT 340. Further study and development of the conceptual framework of auditing (public, forensic, internal, and governmental), including professional standards, techniques, procedures; and emphasizes the thoughtful preparation and both private and public deliberation of issues and insights that surround and confront the auditing profession.
Credit Hours: 3
Course Prerequisites: ACCT 340 Minimum Grade of C or ACCT 340 Minimum Grade of T; Accounting Majors
Course Number: ACCT 343
Course Name: Ethics, Values, and Governance
Course Description: Explores the moral and ethical obligations of leadership and encourages students to think critically about the ethical situations that they are likely to encounter in their professional and personal lives. (Formerly BLAW 343)
Credit Hours: 3
Course Prerequisites: ACCT 202 Minimum Grade of C or ACCT 202 Minimum Grade of T; Accounting Majors.
Course Number: ACCT 350
Course Name: Accounting Information Systems
Course Description: Examines the development and use of management information systems based on accounting databases.
Credit Hours: 3
Course Prerequisites: ACCT 202 Minimum Grade of C or ACCT 202 Minimum Grade of T and INFO 204 Minimum Grade of D or INFO 204 Minimum Grade of T; Accounting Majors and Concentration.
Course Number: ACCT 360
Course Name: Not-for-Profit Accounting
Course Description: Involves basic fund accounting and reporting for governmental units, agencies, universities, hospitals, and nonprofit entities.
Credit Hours: 3
Course Prerequisites: ACCT 202 Minimum Grade of C or ACCT 202 Minimum Grade of T; Accounting Majors.
Course Number: ACCT 375
Course Name: International Accounting
Course Description: A discussion of the financial factors faced by corporations with international operations such as complex accounting methods for foreign operations, accounting for foreign currency and inflation, international analysis of financial statements, and international harmonization.
Credit Hours: 3
Course Prerequisites: ACCT 310 Minimum Grade of C or ACCT 310 Minimum Grade of T; Accounting Majors.
Course Number: ACCT 385
Course Name: Forensic Accounting
Course Description: Covers the principles and methodology of forensic accounting, fraud detection, and deterrence. It provides a solid foundation for building skills in forensic accounting techniques, including gathering, interpreting, and documenting evidence.
Credit Hours: 3
Course Prerequisites: ACCT 202 Minimum Grade of C or ACCT 202 Minimum Grade of T; Accounting Majors.
Course Number: BLAW 305
Course Name: Business Law I
Course Description: Examines the procedural aspects of the legal system as well as the substantive law of torts, contracts, property, and negotiable instruments. Familiarizes students with the analytical and conceptual problem-solving techniques inherent in the legal process.
Credit Hours: 3
Course Prerequisites: ACCT 202 Minimum Grade of D or ACCT 202 Minimum Grade of T and MATH 026 Minimum Grade of C or MATH 026 Minimum Grade of T or MATH 156 Minimum Grade of T or MATH 156 Minimum Grade of C and BCOM 320 Minimum Grade of D or BCOM 320 Minimum Grade of T, Junior standing.
Course Number: BLAW 306
Course Name: Business Law II
Course Description: Continuation of BLAW 305. Reviews the Uniform Commercial Code, including sales and documents of title. Familiarizes students with the law of agency, partnerships, corporations, and other forms of business organizations.
Credit Hours: 3
Course Prerequisites: BLAW 305 Minimum Grade of D or BLAW 305 Minimum Grade of T.
*Accounting majors and concentrations must earn a C or better in all major courses and are required to earn at least a 2.5 major grade point average (GPA) for graduation.
Graduate Accounting Course
Course Number: GACC 500
Course Name: Financial Accounting
Course Description: N/A
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: GACC 501
Course Name: Management Accounting
Course Description: N/A
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: GLAW 500
Course Name: Legal Environment
Course Description: This course focuses on the laws affecting the operation of businesses. Topics include commercial paper (checks, promissory notes, certificates of deposit, etc.); credit transactions and security devices (mortgages, pledges, liens, etc.); agency; and bankruptcy.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: MACC 502
Course Name: Advanced Cost Accounting
Course Description: This course takes a user-oriented approach to the design of management accounting procedures and systems. The course also emphasizes the challenges and opportunities from new information technology and the new technology of modern operating and service processes. The course features the innovative management accounting developments that leading companies around the world are using, including activity-based costing and management, kaizen and target costing, and the Balanced Scorecard.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: MACC 503
Course Name: Corporate Financial Reporting
Course Description: The objectives of this course are to 1) increase your familiarity with advanced financial reporting topics by considering the economics of selected transactions, 2) develop your understanding regarding whether and how treatment under generally accepted accounting principles captures the economics of those transactions and events, and 3) enhance your ability to rigorously evaluate corporate financial reports. The course builds on the concepts and methods introduced in Intermediate Accounting taking the perspective of both the user and the preparer of financial statement information. It examines in more detail the FASB/GAAP accounting model and the financial reporting environment, including management reporting incentives. The course focuses on contemporary reporting issues critical to understanding corporate financial statements, emphasizing the interpretation of financial statement disclosures and how this information is used by analysts to evaluate the financial health of a firm.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: MACC 504
Course Name: Entity Taxation
Course Description: This course presents the tax skills necessary to make business decisions regarding Corporations, Partnerships, Estates, and Trusts. Emphasis is placed on such areas as the organization and capital structure, earnings, and profits, dividend distribution, redemptions, liquidations, and reorganization of corporations. In addition, flow-through entities such as partnerships and S Corporations will be studied along with estates, trusts, family tax planning, and exempt entities. Practical application of the tax law will be emphasized with proper consideration placed on the historical, economic, and political perspectives of the Internal Revenue.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: MACC 506
Course Name: Advanced Auditing
Course Description: Designed to broaden and deepen a student’s conceptual and technical understanding of the attest function from an external and internal perspective. Provide a student with a framework for analyzing contemporary auditing and assurance issues. Auditing expertise will be developed by reading and discussing current academic and professional literature and by analyzing auditing case studies.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: MACC 507
Course Name: Business Ethics for Accountants and Auditors
Course Description: The globalization of business along with greater advances in technology has increased the complexity of ethical decision-making in business. An understanding of business ethics has thus become a crucial element in the organizational environment. The purpose of this course is to help students improve their ability to make ethical decisions in business by providing them with a framework that they can use to identify, analyze, and resolve ethical issues in business decision-making. In addition to individual decision-making, business ethics and social responsibility are important parts of a firm’s business strategy. Issues such as conflicts between personal values and organizational goals; the role of sustainability in business strategy; and the importance of stakeholder relationships, corporate governance, and the development of ethics programs and ethical culture in an organization will be discussed.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: MACC 508
Course Name: Governmental and Not-For-Profit Accounting
Course Description: The basic principles of fund accounting are covered, including the analysis of financial management systems applicable to local government units. The course will also introduce students to major pronouncements of the Governmental Accounting Standards Board (GASB). An introduction to government auditing is also provided, including a review of Government Auditing Standards, promulgated by the U.S. General Accounting Office (GAO). The Single Audit requirements for state and local governments will be covered, as well.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: MACC 509
Course Name: Seminar in Accounting
Course Description: This course provides a selective analysis of current accounting topics addressing important issues in contemporary accounting practice.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
Course Number: MACC 510
Course Name: CPA Review
Course Description: This course is an online review course that focuses on the four sections (Business Environment and Concepts (BEC), Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), and Regulation (REG)) of the CPA exam.
Credit Hours: 3
Course Prerequisites: School of Business Master of Accountancy (MAcc) Program
*MAcc students must earn a C or better in all courses in the MAcc program; however, a MAcc student who earns two C's will be terminated from the program.
The Department of Accounting
Jonathan Newton, Esq.
Adjunct Professor
Accounting
Center for Accounting Education
CAE is a nationwide organization based at Howard University that addresses unique challenges young African Americans face when entering the accounting profession by offering programs and resources that prepare them to succeed. CAE addresses the corporate diversity challenge by attracting more African Americans to the profession and improving their retention and upward mobility through outreach, leadership skills training, thought leadership papers, scholarships to accounting students and support of faculty development. Well-designed programs serve accounting professionals at all levels: students considering an accounting career, accountants starting their career and those preparing for the CPA exam, middle managers and potential senior leaders.
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