Long Island University Logo
Brooklyn Campus, "Come Grow With Us"


Undergraduate Course Descriptions
Accounting, Law

Accounting

Accounting 101, 102  Principles of  Accounting

Special Fee: $100.00 per semester 
Offered every Semester

A fundamental course in the principles and theory of accounting applied to business organizations. Consideration is given to the recording process, income determination, and the effect of accounting concepts on financial statements and cost relationships for managerial control. The course also covers the basic concepts of automated data-processing installations, specially as they relate to the movement of work to the computer under control. Students are required to solve a set of basic financial and managerial accounting problems using a computer. Computer applications, integrated throughout all advanced course work in accounting, are a logical extension of the concepts developed at the introductory stage. Three credits per semester.


Accounting 105  Introductory Managerial Accounting

Prerequisite: Accounting 101, 102
Offered on occasion 

Following an overview of the managerial accountant's role as scorekeeper, attention director and problem solver, various cost-behavior patterns are considered together with an examination of the planning process through the medium of cost-volume--profit analysis.

Manufacturing cost and statements are considered, with a comparison of traditional and contribution margin formats. Cost-accounting systems are developed for batch production and mass production of identical units through sequential processes. Budget characteristics are discussed, and the techniques of data accumulation for preparation of a master budget are covered. Flexible budgets, controllability of variances and budgets for discretionary fixed costs are evaluated. Three credits. (Students required to take Accounting 131 and 132 will not receive credit for this course.)


Accounting 111 Accounting for Non-Business Majors

Offered on occasion 

An overview of accounting principles, followed by an introduction to the use of accounting in various professions and industries to augment and enhance profitability and productivity. Students are introduced to budgetary planning., to an understanding and evaluation of financial statements, and to integration of tax planning. Computer applications are used throughout. Three credits.


Accounting 120 Not-for-Profit/ Governmental Accounting

Prerequisite: Accounting 101, 102

Offered every Spring

A study of budgeting, planning and reporting for nonprofit organizations such as government agencies, hospitals and educational institutions. A comparison of financial controls is included. Three credits. (45 CPE credits)


Accounting 121, 122 Intermediate Accounting

Prerequisite: Accounting 101, 102
Offered every Spring 

A critical study of problems involving financial statement accounts and income determination; analysis of current accounting theory; mathematical principles and applications; and incomplete records and error correction. Three credits per semester. (45 CPE credits) 


Accounting 129 Accounting Information Systems

Offered on occasion

A study of the principles of computerized accounting, databases and the way information flows through accounting systems. Students learn methods of securing systems from fraudulent data. Three credits.                  


Accounting 131 Management Accounting

Prerequisite: Accounting 101, 102, 121, 122 or permission of the Department Chair
Offered every Spring

A study of the principles of cost accounting in relation to managerial usage. Job order cost systems are developed. Break even analysis, direct costing, relevant costing, profit planning and budgeting are considered. Three credits. (45 CPE credits)


Accounting 132 Management Accounting

Prerequisite: Accounting 101, 102, 121, 122, 131 or permission of the Department Chair
Offered every semester

An exercise in the development of process and standard cost systems. Problems of joint product costing, performance measurement, and capital budgeting are considered. Three credits. (45 CPE credits)


Accounting 137a Advanced Accounting

Prerequisite: Accounting 101, 102, 121, 122 or permission of the Department Chair
Offered every semester

A study in detail of the accounting problems of partnerships, consignments, installment sales, insurance, receiverships, estates trust, foreign exchange and other specialized areas. Three credits. (45 CPE credits) 


Accounting 138a Advanced Accounting

Prerequisites: Accounting 101, 102, 121, 122, 137a or permission of the Department Chair
Offered every semester

A study in detail of the accounting problems of business combinations and consolidations. Three credits. (45 CPE credits)


Accounting 142b Auditing

Prerequisite: Accounting 138a
Offered every semester

A review of standards and procedures currently used by independent public accountants in examining financial statements and their applications in report preparations. The ethical and legal responsibilities of the profession are reviewed. Three credits. (45 CPE credits)


Accounting 145a Federal Income Tax

Prerequisite: Accounting 137a or permission of the Department Chair
Offered every semester

A consideration of the application of federal requirements to individual, partnership, corporation, limited liability company, and limited liability partnership tax returns. Three credits. (45 CPE credits)


Accounting 155 Accounting and Reporting Practices

Prerequisite: Accounting 138a
Offered every Fall

An examination of generally accepted accounting principles and current pronouncements, with emphasis on accounting and reporting practices of business enterprises and proposed solutions to relevant problems. three credits. (45 CPE credits)


Accounting 156 Advanced Accounting Topics

Prerequisite: Accounting 138a
Offered on occasion

An advanced course covering income taxes, managerial accounting, and accounting for government and non-profit organizations. Recent professional qualifying examinations and current pronouncements are subject to critical review. Three credits. (45 CPE credits)


Accounting 193 Independent Study

For the students in the last semester of their senior year who require one to three credits to meet minimum requirements for graduation. Students must complete an Application for Independent study to be approved by the Department Chair and the Dean. Students are assigned to a faculty member who supervises the Independent Study course or project. Students may be required to write a research paper and take a comprehensive examination (or both) in addition to all other course requirements. One to three credits.  


Accounting 195, 196 Honors Study

Honors study is designed to give outstanding students an opportunity to do independent work in their major under the guidance of a member of the faculty. There are no regular class meetings. To be eligible, a student must have upper junior or senior status; 12 credits in one of the major fields of the School of Business, Public Administration and Information Sciences; a cumulative quantity - point ratio of 3.0 and 3.25 ratio in the major subject; and the permission of the Chair of the Department and the Dean. Student must complete an Application for Honors Study outlining the research project or independent work to be undertaken and the name of the supervising faculty member. A total of six credits of Honor Study is the maximum allowed. Three credits per semester.


Law

Law 101 Introduction to Law and Legal Reasoning

Offered every semester

An introduction to law and the legal system, the case method of study, and legal reasoning. Topics covered are international torts, negligence, contracts, agency, employment law and the Uniform Commercial Code, particularly the law of sales and commercial paper. Three credits. (45 CPE credits)


Law 102 The Legal Environment of Business

Prerequisite: Law 101                                                                    Offered every semester

Personal and real property law. The study of partnerships, limited liability companies, corporations, bailments and other forms of business organization, including an introduction to securities law. Also covered are insurance, suretyship, bankruptcy, estates and trusts, and an accountant's professional responsibility. Three credits. (45 CPE credits)


(top of page)