Masters of Science in Taxation: Course Descriptions
Note that course descriptions for undergraduate prerequisite courses can be found under our Undergraduate section of this website.
ACC 522. 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 524. Accounting for Governmental and Not-for-Profit Entities, 3 credits Fall and First Summer Session
The course introduces accounting within the environment of modern government and not-for-profit organizations. Emphasis is placed on financial accounting and reporting, current accounting issues, and managerial activities. Prerequisite: ACC 312 or permission of instructor.
ACC 530. International Financial Reporting Standards, 1 credit, fall and spring semesters
This course provides an overview of International Financial Reporting Standards (IFRS). The course will begin with a study of IFRS Framework and will then examine a number of the major topics covered in the Intermediate Accounting courses. The perspective will be a comparison between IFRS and U.S. generally accepted accounting principles (U.S. GAAP). Prerequisite: ACC 312 and accepted into the Accounting Acceleratead Program or Graduate status.
ACC 602. Analysis of Financial Statements, 3 credits Spring Semester
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: ACC 312.
ACC 603. Studies in Financial Reporting Issues, 3 credits Spring Semester
An exploration of complex financial reporting issues using the case method. Prerequisite: ACC 312.
ACC 610. 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.
ACC 611. 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 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. U.S. tax issues involved in international transactions or working across national borders, the Foreign Corrupt Practices Act, and uses of accounting information in managing an international business is also discussed. Prerequisite: ACC 670 and 671 or equivalent. Not open to students with credit for ACC 523.
ACC 640. Corporations I, 2 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.
ACC 641. Corporations II, 2 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.
ACC 642 Seminar in Taxation, 2 credits, spring semester
Investigation of current topical areas in taxation. Prerequisite: ACC 404 or permission of instructor
ACC 643. Tax Research, 2 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 training in the use of tax services, such as RIA Checkpoint and LEXIS, in performing tax research. A research methodology for solving tax problem cases is studied and cases to be researched are assigned. Prerequisite: ACC 404 or permission of instructor.
ACC 645. Partnerships, 2 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.
ACC 648 Financial Reporting Implications of Income, 2 credits, fall semester
This course is designed to provide the foundation necessary to understand the financial accounting and reporting of book-tax differences. The course will cover the preparation of the income tax provision and related financial statement disclosures in conformity with U.S. GAAP (FASB ASC 740) Prerequisite: ACC 312 and ACC 404 or equivalent.
ACC 649. Issues in Tax Policy, 2 credits 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.
ACC 662. Taxation of Multinational Corporations, 2 credits Spring Semester
This course introduces the fundamental tax concepts underlying U.S. taxation of international transactions. Topics include the taxation of U.S. corporations with income from foreign sources, intercompany pricing, anti-tax avoidance provisions, and tax treaties. Prerequisite: ACC 640 or permission of the instructor.
ACC 672 Advanced Financial Analysis and Valuation**, 2 credits fall semester
Advanced Financial Analysis builds on the analytical techniques developed in the basic financial statement analysis course, Accounting 670: Financial Reporting and Analysis, to augment your understanding of more complex financial reporting issues and to introduce you to the valuation of equity investments. The viewpoint is that of the user of financial statements, particularly from the standpoint of an equity investor or purchaser of a business. We discuss each financial reporting issue in terms of its effect on assessments of a firm’s profitability and risk. This course is designed primarily for students who expect to be intensive users of financial statements as part of their professional responsibilities. Prerequisite: ACC 670 and 671 or ACC 211 and ACC 212.
ACC 675 Compensation, Incentives and Strategic Control, 2 credits fall semester
Internal control is the process by which owners influence managers of organization to implement the organization’s strategies. They key idea is that different organizations typically have different strategies which in turn require different control systems for effective implementation. Internal control involves both formal systems and informal processes. Accounting 675 will begin by describing the formal aspects of management control such as the design of responsibility centers, budgets and standards, performance reports and management compensation. We will then explore the economic and financial reporting consequences (perhaps unintended) of various performance measurement mechanisms. In particular, we will focus on issues of short-termism, earnings, management, and attendant control failures that plague Corporate America today. Finally, we will discuss some of the regulatory changes brought about in recent times (e.g., Sarbanes Oxley) to address the apparent widespread control system failures. Prerequisite: ACC 301 or ACC 672 or permission of the instructor.
ACC 677 Forensic Accounting, 2 credits, fall semester
This course provides an overview of fraud perpetrated against an organization, including employee theft, vendor fraud, customer fraud, and management fraud. You will learn how to investigate and quantify fraud, and how it can be detected and prevented as well as the accountants’ role in litigation, such as acting as expert witness. Prerequisite: ACC 312 and ACC 402
OTHER SELECTED ELECTIVE COURSES
BSL 675. 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.
BSL 691 The Public Corporation: Legal Perspectives, 2 credits, fall semester
The Public Corporation: Legal Perspectives reviews the laws governing the formation, operation, regulation, and governance of the public corporation with the objective of providing the graduate business student a sophisticated examination of the legal and social aspects of managing the money of others. Further, the course examines the rules and regulations governing the raising of capital from the public through the sale of securities for the development of and investment in a private enterprise