Business Degrees
Practical, hands-on, small classes, high value — just a few phrases that describe accounting courses at Globe University/Minnesota School of Business. For over 130 years our college has prepared students for careers in business and accounting, always focusing on teaching skills and providing training employers are looking for.
Whether you are enrolled in Accounting Principles I or and advanced course focused on payroll, tax accounting, or fraud detection, your instructor will be an experienced professional. If you have any questions, or would like to speak with a representative about a program, please contact us. Below are descriptions of specific accounting courses:
AC110 Accounting Principles I (4 Credits)
The course is an introduction to financial accounting and the basic accounting cycle. Students analyze transactions, prepare accountant's worksheets with related financial statements and account for cash and receivables.
AC120 Payroll Accounting (3 Credits)
Students compute wages and salaries, withholding for social security and income taxes and unemployment compensation taxes. The course also requires students to maintain payroll records and to prepare the relevant tax forms.
Prerequisites: AC110
AC150 Accounting Principles II (4 Credits)
The course is a continuation of Accounting Principles I. Students apply concepts related to inventory, long-term assets, liabilities and owner's equity for partnerships and corporations. The course also covers the use and preparation of the statement of cash flows.
Prerequisites: AC110
AC160 Managerial Accounting (4 Credits)
The course is an introduction to management accounting. Students solve problems relating to budgeting, job costing systems, financial statement analysis, cost-volume-profit analysis, responsibility accounting and the role of accounting information in short-term and long-term decision making. The course also introduces activity-based costing and other cost management tools.
Prerequisites: AC150
AC170 Accounting Systems (3 Credits)
The course uses a business simulation package to give students hands-on experience in computerized accounting applications for small businesses. Students use the general ledger, accounts payable, accounts receivable, inventory, invoicing and payroll modules.
Prerequisites: AC110
AC200 Intermediate Accounting I (4 Credits)
The course is an in-depth study of financial accounting concepts and principles as they relate to the accounting process and resulting balance sheet, income statement and statement of cash flows. Students apply generally accepted accounting principles to cash, receivables and inventory.
Prerequisites: AC150
AC250 Intermediate Accounting II (4 Credits)
The course is a continuation of Intermediate Accounting I. Students apply generally accepted accounting principles to fixed assets, intangibles, liabilities, stockholders' equity, investments and revenue recognition.
Prerequisites: AC200
AC260 ACAT Review (3 Credits)
The course reviews financial accounting, taxation and business law. It also covers business consulting, ethics and professional conduct for accountants. In addition to helping prepare students for taking the Accreditation in Accountancy Examination, it provides a summary of accounting for small businesses.
Prerequisites: MG150, AND AC420, AND AC250, AND AC160
AC300 Intermediate Accounting III (4 Credits)
The course is a study of specialized financial accounting concepts. The student will account for earnings per share, income taxes, pensions, leases and accounting changes, and will prepare the statement of cash flows. The course emphasizes meeting the requirements for full disclosure.
Prerequisites: AC250
AC310 Tax I (4 Credits)
The course is an introduction to federal tax law, including the preparation of individual income tax form 1040 and related schedules.
Prerequisites: AC150
AC320 Audit I (4 Credits)
The course introduces students to the role of the auditor, the audit report, ethics and the legal liability of an auditor. Students examine audit plans, internal controls, audit evidence, work papers and audit program designs.
Prerequisites: AC250
AC330 Governmental & Not-For-Profit Accounting (4 Credits)
The course is an introduction to the accounting and reporting requirements for non-profit entities. Students apply fund accounting techniques to transactions in governmental units and not-for-profit organizations.
Prerequisites: AC250
AC341 Cost and Managerial Accounting (4 Credits)
The course is a survey of techniques for planning and managing costs, emphasizing manufacturing environments. In addition to applying job-order, process and activity-based costing techniques, students prepare flexible budgets, analyze variances and allocate costs.
Prerequisites: AC160
AC371 Advanced Accounting: Consolidations I (4 Credits)
Prerequisites: AC250
AC372 Advanced Accounting (4 Credits)
The course is an introduction to the procedures used to record investments when significant influences or controls are present. Students prepare consolidation worksheets. The course also covers selected topics in foreign currency and partnership accounting.
Prerequisites: AC250
AC401 Advanced Accounting: Partnerships & Multinational (4 Credits)
The course presents accounting faced by multinational enterprises and partnerships. In addition to accounting for those two business types, students prepare segment and interim reports and account for estates and trusts.
Prerequisites: AC250
AC405 Management Accounting Strategies (4 Credits)
The course emphasizes strategic aspects of cost and managerial accounting. Topics include cost behavior, relevant information for decision analysis, capital budgeting and the role of accounting in business strategy. The course also covers current management accounting theories.
Prerequisites: AC341
AC410 Audit II (4 Credits)
The course is a continuation of Audit I and includes a comprehensive audit practice case. Students apply audit techniques to asset, liability, equity, revenue and expense accounts.
Prerequisites: AC320
AC420 Tax II (4 Credits)
The course, which focuses on business taxation, is a continuation of Tax I. Students prepare tax forms for sole proprietorships, partnerships, C-corporations and S-corporations.
Prerequisites: AC310
AC450 Accounting Capstone (4 Credits)
The course provides capstone coverage of business analysis along with a review of strategic management concepts. The course also serves as a review for parts 1 and 3 of the Certified Management Accountant (CMA) exam. Practice test questions are a significant part of the class.
Prerequisites: AC160, AND MK150, AND MG300, AND MG350, AND SS145
AC510 Fiscal Resources Management I (5 Credits)
Students review basic accounting theory and principles and tax accounting management. The course focuses on managerial accounting concepts with an emphasis on budget forecasting and quantitative financial decision-making. The study of financial reports and accounting statements includes an analysis of product costing, long-term assets, liabilities and equity, and investment ratios in the context of national and international economic perspectives. Students investigate the statistical basis for financial forecasting and business investments, with an emphasis on interpretation of those statistics and understanding their impact on local, regional and national business financial decisions and investment strategies.
AC550 Fiscal Resources Management II (5 Credits)
Students examine the fiscal realities of national and international business from the macro- and microeconomic viewpoints. Analysis focuses on how to interpret indices, including GNP (gross national product), GDP (gross domestic product), NNP (net national product), and NNI (net national income). Emphasis will be on how to interpret these statistics and understand their impact on local, regional and national business financial decisions and investment strategies, as well as their influence on consumer confidence and the global economy.
Prerequisites: AC510
BS325 Fraud Examination: (4 Credits)
This course examines the various methods used to defraud organizations and how to investigate the suspected presence of fraud. The student will examine these methods and identify the preventative methods to deter fraud in the workplace. The Sarbanes Oxley Act will be studied and why there was a need for its creation. Real case studies will be used to enhance and reinforce learning objectives. Prerequisite: CM121.
More information about accounting courses and degree programs
Please contact Globe University/Minnesota School of Business with any questions or for more information about an accounting program. You can earn a Bachelor of Science in Accounting, an Associate of Applied Science in Accounting or an Accounting Diploma online or at locations throughout Minnesota and the Upper Midwest.
Globe University and Minnesota School of Business are members of the Globe Education Network. Other member colleges include Utah Career College, Institute of Production and Recording, Minnesota School of Cosmetology, and the Duluth Business University. Globe Education Network also provides academic support and manages a wealth of shared resources for the benefit of students. Through consortium agreements approved by member schools' accrediting bodies, students are able to earn credit for classes taken at member schools.
Globe University/Minnesota School of Business is accredited by the Accrediting Council for Independent Colleges and Schools to award Master of Business Administration (MBA) degrees, Bachelor of Science degrees, Associate in Applied Science degrees and diplomas.