Course Descriptions
Required Courses
ACC602. Analysis of Financial Statements, 3 credits Spring Semester and some Summer sessions
This course emphasizes the fundamental techniques of financial statement analysis. Building upon core accounting and investment concepts, the course covers the analysis (including ratio analysis) and interpretation of financial accounting information including the balance sheet, income statement, and statement of cash flows. The course also examines the use of accounting information in investment and credit decisions. Prerequisite: Principles of Financial Accounting
ACC604. Seminar in Cost Accounting, 3 credits Fall Semester
This course covers four major segments. First, the historical development of cost and managerial accounting is explored. Second, problems arising from utilization of current cost accounting methodologies are examined. Third, the course explores activity based costing, a recent, revolutionary development in cost accounting. Fourth, the course addresses the relationship of cost and managerial accounting to organizational control. Prerequisite: ACC 301.
ACC610. Accounting Theory, 3 credits Fall Semester
This course examines the foundations and applications of accounting theory as it relates to financial accounting and reporting. The course draws upon existing research which provides evidence about the applicability of accounting theory to the financial reporting process for business enterprises which prepares financial statements in accordance with generally accepted accounting principles. Prerequisite: ACC 312.
ACC522/622. Advanced Issues in Auditing 3 credits Fall Semester
Course covers advanced issues which arise in audit practice including audit reporting issues, fraud detection and reporting, attestation engagements, special reporting issues, compilation and review engagements, scope of services issues, and other new issues which have a significant impact in audit practice. Prerequisite: ACC 402.
Elective Courses
ACC501. Advanced Cost Accounting, 3 credits Fall Semester
The latest developments in cost and managerial accounting are studied. Using case studies, the course focuses on activity based product cost allocation methodology in terms of: (1) basic concepts and rationale, (2) applicability in both manufacturing and service industries, (3) strategic cost analyses, and (4) applicability in total quality management programs. Other topics include cost pools, two stage costing methodologies, and the behavioral aspects of cost systems. Prerequisite: ACC 301.
ACC505. Current Issues in Accounting Practice, 3 credits Offered By Announcement only - often in Summer session.
Course develops a students understanding of the theory and practice of relational database management systems in the accounting view of enterprise-wide databases. With a focus on controls, students build accounting system elements related to main accounting transaction cycles, the revenue cycle, and the purchase cycle. Prerequisite: Permission of instructor.
ACC511. Advanced Accounting, 3 credits Spring Semester and some Summer sessions
The primary focus on the course is on business combinations and preparing consolidated financial statements. Additionally, there is coverage of the accounting principles and practices applied to foreign operations and partnerships. Prerequisite: ACC 312.
ACC523/623. International Accounting and Taxation, 3 credits Fall Semester and First Summer Session
Course covers accounting, tax, and business considerations in the global business environment. Tax issues involved in doing business or working across national borders, the Foreign Corrupt Practices Act, and uses of accounting information in managing an international business is also discussed.
ACC524/624. Accounting for Governmental and Not-for-Profit Entities, 3 credits Offered By Announcement only
Accounting within the environment of all levels of modern government. Emphasis is placed on governmental program objectives, managerial activities, appropriations, allotments, and funds. Prerequisite: ACC 311.
ACC525/601. Trends in Present Day Accounting, 3 credits Fall and Spring Semester
Recent developments in accounting thought and advanced accounting theory. The analysis of trends as disclosed by recent releases of the Securities and Exchange Commission, the American Institute of Certified Public Accountants, and the Financial Accounting Standards Board are discussed. Other topics include terminology, current trends in the measurement, presentation of financial data to meet the needs of third parties, and surveys accounting literature. Prerequisite: ACC 312.
ACC603. Studies in Financial Reporting Issues, 3 credits Spring Semester
An exploration of complex financial reporting issues using the case method. Prerequisite: ACC 312 or equivalent.
ACC606. Internal Auditing, 3 credits First Summer Session
Course explores the unique issues associated with the internal audit function. Additionally, the ethical code applicable to internal auditors is discussed. Prerequisite: Principles of Financial Accounting.
ACC611. Auditing Seminar, 3 credits Offered By Announcement only
Practical applications of auditing and research into audit matters. Emphasis of the course is placed on cases involving audit failures, appropriate auditing procedures, reporting, and exercise of audit judgment. Prerequisite: ACC 402.
ACC615. Personal Financial Planning, 3 credits Fall Semester and some Summer sessions
Fundamentals of personal financial planning. Overview of the financial planning process including regulation and ethical considerations. Topics include an introduction to tax planning, insurance planning, investment planning, retirement planning, and estate planning.
ACC616. Insurance and Retirement Planning, 3 credits Spring Semester
Course covers the fundamentals of insurance and retirement planning including tax and investment implications. In addition, various types of employee plans available are discussed.
ACC640. Corporations I, 3 credits Fall Semester
Course covers treatment of the corporate form of organization, its related opportunities, and problem areas, including formation, tax formula, non-liquidating and liquidating distributions, capital structure, redemptions, alternative minimum tax, S corporation election, and operation. Prerequisite: ACC 404 or permission of instructor.
ACC641. Corporations II, 3 credits Spring Semester
An in-depth study of taxable and nontaxable corporate reorganizations. An introduction to affiliated corporations, requirements for consolidated returns, and their associated problems and opportunities are discussed. Prerequisite: ACC 640 or permission of instructor.
ACC643. Tax Research, 3 credits Spring Semester
Study of the tax practice environment including the Treasury Department, the Courts, and the legislative history of the Internal Revenue Code. Ethics in tax practice are also examined. Course includes library training in the use of loose-leaf tax services and computer tax services, such as LEXIS, in performing tax research. A research methodology for solving tax problem cases is studied and cases to be researched are assigned. Prerequisite: ACC 303 or permission of instructor.
ACC645. Partnerships, 3 credits Fall Semester
Taxation of partners and partnerships, formation, termination, distributions, liquidations, and sales of partnership interests are covered. Limited partnerships in conjunction with their use as tax shelters are discussed as well as family partnerships, limited liability companies, and LLPs. Prerequisite: ACC 404 or permission of instructor.
ACC647. Estates and Gift Taxes, 3 credits First Summer Session
Estate and gift planning for shifting wealth from one individual to another by death, gift, or by the use of trusts. Property included in the decedent’s gross estate valuation methods, gifts in contemplation of death, jointly held property, life insurance, transfers with retained life estates, bequests, revocable transfers, the marital deduction, powers of appointment, gifts of present and future interest, and gifts to minors are covered. Prerequisite: ACC 404 or permission of instructor.
ACC649. Issues in Tax Policy, 3 credits Spring Semester and Second Summer Session
A study of tax policy issues inherent in individual and corporate income taxes, consumption taxes, wealth, and wealth transfer taxes. Focus is placed on the purposes of taxation and the development of a “good” tax system.
ACC662. Taxation of Multinational Corporations, 3 credits Spring Semester
Course topics include taxation of foreign persons conducting business in the U.S. including FIRPTA, source of income rules, and residency requirements. Taxation of U.S. individuals and businesses doing business abroad including FSCs, CFCs, FHP Co.s, and possessions corporations are also addressed. Prerequisite: ACC 640 or permission of the instructor.
FIN620. Investment Analysis, 3 credits Fall Semester
Theoretical and practical analysis of the investment process. Topics include an analytical investigation of the financial markets, security analysis, security valuation, and an introduction to portfolio theory. Prerequisite: Undergraduate or Graduate Corporate Finance Class.
BSL575. Advanced Business Law, 3 credits Spring Semester
Legal problems encountered by Certified Public Accountants, Finance, Management and Marketing Executives, including agency, commercial paper, bank deposits and collections, secured transactions, suretyship, bankruptcy, partnership, corporations, contracts, anti-trust, insurance, property, wills and estates, SEC law, and accountants’ legal responsibility. Special attention is given to the commercial law segment of the Uniform Public Accountant Examination. Prerequisite: BSL 212 or equivalent.
