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.
ACC622. 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.
ACC 601. Trends in Present Day Accounting, 3 credits, offered by announcement only
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.
ACC 620. Accounting Controls in Information Technology, 3 credits
This course aims at developing a student’s 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: ACC 306.
ACC 621. Advanced Cost Accounting, 3 credits
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 analysis, and (4) applicability in total quality management programs. Other topics include cost pools, two stage costing methodologies, and the behavioral aspects of cost systems. Finally, students implement an activity based cost system using commercially developed software, Prerequisite: ACC 301.
ACC 623. International Accounting and Taxation, 3 credits, fall semester and first summer session
Course covers tax accounting and business considerations in the global business environment. Study of U.S, tax issues involved in international transactions, the Foreign Corrupt Practices Act, money laundering and uses of accounting information in managing an international business is also 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.