NYSCAS: New York School of Career and Applied Studies

Accounting

The Business and Accounting Department assists students in acquiring knowledge of business policies, problems, and procedures which will enable them to assume responsible positions in the business world. The department helps prepare students for careers in accounting, economics, finance, management, marketing, and office management through concentrations in these fields.

The courses offered in this academic division enable students to complete Business Management and Administration majors and concentrations, and the Social Sciences concentration in Economics.


FACULTY
B. Bressler, Dean, Undergraduate Business; A. Sklar, Chair; K. Bigel, Deputy Chair (Lander College, Kew Garden Hills); K. Dreifus, Deputy Chair (NYSCAS and IPS); S. Bienenstock, G. Cohn, A. DeCandia, D. Ehrlich, L. Ehrlich, W. Fischbein, I. Fisher, A. Horowitz, I. Klepfish, B. Langer, C. Mason, M. Peikes, F. Pfeiffer, S. Pikoulos, A. Privo, D. Rockove, M. Rosenberg, . Rovt, S. Saltz, D. Sangster, W. Schneck, S Shaviro, D. Tajerstein, I. Teich, M. Tendler, M. Yarmish.

Selected courses may be offered on an intensive basis with additional hours of laboratory instruction. Such courses will be notated with the suffix "Z" by the Registrar.


COURSE DESCRIPTIONS
Note: Some courses listed below may not be offered at every NYSCAS location.  Also, certain specialized courses may not be offered by NYSCAS, but are available through Touro's Lander Colleges of Arts and Sciences. Students should consult their advisors regarding such courses.

Note: A related one-credit "topics" or workshop course may be offered with certain three-credit Accounting, Economics, Finance, Management, and Marketing courses.




ACCOUNTING


GBA 101 Principles of Accounting I
(Fall, Spring, Summer)
Introduction to the double-entry system of debits and credits, journal entries and general ledger accounts, steps leading up to financial statement preparation and format of financial statements. Also included are studies of merchandising companies and determination of inventory balances and cost of goods sold, and an introduction to the accounting treatment of various assets and liabilities.
Prerequisite: GSM 130. 3 credits

GBA 102 Principles of Accounting II
(Fall, Spring, Summer)
Focuses on partnership and corporate accounting, as well as statements of cash flow and financial statement analysis. Overviews of complex partnership issues, as well as complex corporate issues, are covered.
Prerequisite: GBA 101. 3 credits


GBA 103 Accounting I/Workshop
Co-requisite: GBA 101. 1 credit


GBA 104 Accounting II/Workshop
Co-requisite: GBA 102. 1 credit


GBA 201 Intermediate Accounting I (Fall, Spring)
Reviews financial accounting standards, as well as the conceptual framework underlying financial accounting. Includes an extensive review of the income statement and balance sheet, and introduces the statement of cash flows. Particular emphasis is placed on the accounting for current assets such as cash, receivables and inventories, as well as long-term assets such as property, plant and equipment. Examines the accounting for intangible assets such as patents and goodwill, as well as for current and contingent liabilities.
Prerequisite: GBA 102. 3 credits


GBA 202 Intermediate Accounting II (Fall, Spring)
Focuses on the accounting for long-term debt, leases, pensions, investments and income taxes. Detailed review of the stockholders equity section of the balance sheet, inclusive of earnings-per-share calculations. Examines the issues of revenue recognition and the treatment of various accounting changes and errors.
Prerequisite: GBA 201. 3 credits.


GBA 209 Financial Statement Analysis (upon request)
Studies the objectives of important classes of external decision-makers, such as security analysts, credit grantors, etc. Covers the tools of analysis that are employed in the achievement of major analytical objectives, such as short-term liquidity, capital structure, and operating performance.
Prerequisite: GBA 102. 3 credits


GBA 213 Cost Accounting (Fall, Spring, Summer)
Focuses on cost determination for manufacturers, products and services. This includes the establishment and maintenance of job order and process cost systems, and the classification of costs as product or period, direct or indirect. Included are managerial techniques and systems such as budgeting and variance analysis, which enable a business to manage its affairs more efficiently.
Prerequisite: GBA 102. Co-requisite: GBA 201. 3 credits


GBA 214 Managerial Cost Accounting
(upon request)
Process costing techniques, utilizing actual, normal, and standard cost, problems of spoilage and waste, costing methods for joint and by-products; relevant costing concepts applied to the area of capital budgeting with its related tax aspects, techniques of discounted cash flow and the ranking of projects; income effects of alternative product costing methods, determination of cost behavior patterns, inventory planning, control and valuation, decentralization and transfer pricing, decision models under conditions of uncertainty.
Prerequisite: GBA 213. 3 credits


GBA 217 Business Taxes (formerly GBA 317) (Fall, Spring)
A comprehensive course in payroll accounting. Students learn to calculate wages, determine types and amounts of payroll deductions and to identify the stages of the payroll cycle, laws, rules and regulations as they apply to the payroll process. A hands-on manual and computerized approach to payroll accounting is utilized.
Co-requisite: GBA 102. 3 credits


GBA 301 Advanced Accounting (upon request)
Provides an overview of the accounting for partnerships, government and not-for profit organizations. Examines statement of cash flows preparation, as well as the issue of segment reporting. Introduces the concept of international accounting by reviewing foreign currency transactions and translation of foreign financial statements. Emphasis on the accounting for business combinations and preparation of consolidated financial statements.
Prerequisites: GBA 202 and appropriate grade on the screening exam. 3 credits


GBA 302 Government and Not-For-Profit Accounting
(upon request)
State and local governmental accounting and its operation on a fund basis. Three broad categories of funds are studied: governmental, proprietary, and fiduciary. Not-for-profit entities and their accounting systems: voluntary health and welfare organizations, colleges and universities, and health care organizations. The study of regulatory and taxation issues as they relate to NPOs.
Prerequisite: GBA 102. Co-requisite: GBA 201. 3 credits


GBA 305 Internal Auditing for Non-CPA Students (Spring)
Introduces the audit function and process. Discussion of auditing standards, ethics, and legalities in relation to performing an audit. Topics covered include basic audit objectives, documentation, as well as basic audit concepts.

Please Note: This course does not satisfy the auditing requirement needed for a CPA certification. Students who are ineligible to take EBA 308 Auditing (please see the bulletin of the Lander Colleges of Arts and Sciences) may take this course to satisfy auditing requirements for other degree programs.
Prerequisite: GBA 202 AND GBA 314. 3 credits


GBA 314 Federal Income Taxation of Individuals (Fall, Spring)
This first course in taxation focuses on the federal taxation of individuals. The individual tax formula is explored in depth, concentrating on gross income, deductions, exemptions, tax calculations and tax credits. Basic tax concepts, such as capital gains and losses, net operating losses and accounting periods and methods, are covered.
Prerequisite: GBA 102. Co-requisite: GBA 201. 3 credits


GBA 316 Corporation & Partnership Tax (Fall, Spring)
This second course in taxation focuses on the federal taxation of regular and small business corporations as well as partnerships. An overview of complex corporate issues, such as stock redemptions, liquidations, and reorganizations, as well as complex partnership issues, is presented.
Prerequisites: GBA 314 and 201. 3 credits


GBA 440 International Accounting (upon request)
This course provides an overview of managerial and financial accounting issues encountered by multinational corporations or firms involved in international business. These issues include the diversity of worldwide accounting principles and the prospects for uniform international accounting standards, foreign currency transactions and translation, inflation, various technical accounting methods and the implications of their application, financial disclosures, analysis of financial statements, auditing, risk management investment analysis, methods of financing transfer pricing, and taxation. These topics are viewed from the perspective of companies based in the U.S. that operate in diverse business environments throughout the globe. A requirement for the course will stress the ability to write reports some of which will require the student to analyze foreign company financial statements.
Prerequisite: GBA 202. 3 credits


GBA 451 Contemporary Issues in Accounting (upon request)
A comprehensive review of principles of accounting and auditing. Discussion of problems selected. from the CPA examination papers of the AICPA.
Prequisite: Senior status. Co-requisite: GBA 301, GBA 308. 4 credits


GBA 481 Independent Study in Accounting (upon request)
Students investigate selected topics in the major areas under the direction of a faculty advisor. Independent study develops and demonstrates ability to conduct independent research, perform independent studies in a specialized area, and present the results in writing of professional quality.
Prerequisite: Permission of the department Chair. 3 credits


GBA 493 Research Project in Accounting (upon request)
Prerequisite: Senior status or departmental permission. 3 credits


GBA 494 Senior Honors Project in Accounting (upon request)
Prerequisites: EBA 301 and departmental permission.
3 credits


GBA 498 Internship in Accounting (Fall, Spring)
An internship is an experiential activity undertaken in a business, government or non-profit organization for academic credit. Enrolling for internship credits includes supervision of the course by a faculty member and by someone in the host organization. Students will be evaluated periodically by a supervisor in the participating firm and will be required to complete a term paper that will be graded by the Chair of the department or its designee.
Prerequisite: Senior status and a GPA of 2.5 in the major, permission of department Chair. 3 credits


top

Information Session
No matter what the economic environment may be, some jobs are always in demand. Come meet with our counselors to help you build a career and discuss what NYSCAS can do for you!
Copyright © 2001-2009 Touro College. All rights reserved. Touro College Main Campus - 27-33 West 23 Street, New York, NY 10010, (212) 463-0400