Accounting

Name Title Credits School
ACCT 501 Accounting I 1.50 School of Management
A study of accounting fundamentals. Topics include the accounting cycle, statement preparation, systems, asset valuations, accounting concepts and principles for the sole proprietorship.

ACCT 510 Managerial Accounting 1.50 School of Management
Special emphasis is placed on the collection and interpretation of data for managerial decision-making purposes. A study is made of cost concepts used in planning and control, cost-profit-volume analysis, and budgeting.

Prerequisite Course(s): Prerequisite: ACCT 501 or a waiver

ACCT 595 Financial Accounting 3.00 School of Management
Waiver conditions: Completion of six credits of undergraduate accounting within five years of acceptance into the M.B.A. program with a grade of "C" or better, or completion of the CLEP examination in accounting with a 50 percentile score or higher. Upon review of the individual student's learning credentials, the M.B.A. program director may grant waivers as exceptions to these stipulated conditions where appropriate.

ACCT 601 Managerial Accounting 3.00 School of Management
Waived for undergraduate accounting majors who have completed a baccalaureate degree within five years of acceptance into the MBA program with an average of 3.0 or better.

Prerequisite Course(s): Prerequisite: ACCT 595 and QANT 595

ACCT 610 Accounting Analysis 1.50 School of Management
A required core class in financial accounting analysis, covering a selected number of topics.

Prerequisite Course(s): Prerequisite: ACCT 501 and ACCT 510 or a waiver

ACCT 701 Financial Statement Analysis and Reporting 3.00 School of Management
An analysis and evaluation of corporate financial statements as an aid to accountants, security analysis, lending officers and managers in making decisions based on financial data. Financial statements will be reviewed for fairness and completeness in reporting and revision will be made to financial statement data for analytical purposes. Communication of such analysis will be discussed.

Prerequisite Course(s): Prerequisite: ACCT 595

ACCT 702 Intermediate Financial Accounting 3.00 School of Management
Accounting concepts and principles are combined with accounting practices and methods in order to provide a comprehensive presentation of the discipline of financial accounting. Interpretation and use of financial statements are covered with a focus on the complementary relationships between the accrual and historical cost-based traditional financial statements, on the one hand, and the newer Statement of Cash Flow on the other. Specific topics include: accounting for revenues, expenses, assets, liabilities, and owner's equity; financial statements, and accrual income and framework for financial statement analysis.

Prerequisite Course(s): Prerequisite: ACCT 595

ACCT 705 Financial Accounting Theory 3.00 School of Management
This course will trace the historical development of generally accepted accounting principles in the United States and will require a familiarization with current literature in the field of accounting theory, current pronouncements of the Financial Accounting Standards Board, and prior pronouncements of the Accounting Principles Board and the Accounting Research Board. The course will trace the impact of recent developments in the Generally Accepted Accounting Principles, and the impact of those developments on corporate financial reports. Emphasis will be placed on the application of theory to the development and preparation of annual reports and the Securities and Exchange Commission filings.

Prerequisite Course(s): Prerequisite: ACCT 595

ACCT 710 Tax Aspects of Managerial Decisions 3.00 School of Management
This course will focus on the impact of federal tax policies on management decision making. Emphasis will be placed on various alternatives and strategies for minimizing tax liability. The basic framework of the Internal Revenue Code will be developed first, and then the impact of specific sections on business decisions will be considered. Among the areas to be explored are alternative forms of inventory valuation, alternative compensation structures, the impact of pension and profit sharing plans on tax liability, the creation of the Employees Stock Ownership Program plans, corporate reorganizations and divided policy, acquisitions and mergers, and depreciation and leasing policy.

ACCT 711 Federal Taxation 3.00 School of Management
A study of federal tax structure as it applies to the taxation of individuals and corporations. Property transactions are also covered in this course. The course will include elements of tax research, communication of tax strategies, ethics and the preparation of tax forms. A tax research project is required.

Prerequisite Course(s): Prerequisite: ACCT 595

ACCT 712 Financial Statement Analysis and Reporting 3.00 School of Management
An analysis and evaluation of corporate financial statements as an aid to accountants, security analysis, lending officers and managers in making decisions based on financial data. Financial statements will be reviewed for fairness and completeness in reporting and revision will be made to financial statement data for analytical purposes. Communication of such analysis will be discussed.

Prerequisite Course(s): Prerequisite: ACCT 702

ACCT 713 Financial Statement Analysis 3.00 School of Management
An in-depth analysis of financial reporting from a user's perspective, using financial statement information and related disclosures to evaluate the underlying economics of a firm. Emphasis is placed on the assessment of a firm's past and current performance, the concept of quality of earnings, and approaches to valuation. Other topics include: basic accounting principles, key elements of financial reporting regulations as set out in the International Financial Reporting Standards (IFRS), and the relationship if the financial statement information to various legal documents and business transactions. Readings and case studies applied to provide a contemporary prospective.

Prerequisite Course(s): Prerequisite: ACCT 501 and FINC 501 or a waiver

ACCT 715 Intermediate Financial Accounting II 3.00 School of Management
This course examines issues relevant to planning and conduction IT (Information Technology) audit and control activities. The course covers the following conceptual areas: business risks and the management of business risk, IT risk as a component of business risk, the need to manage IT risks, and the basic type of controls required in a business system in order to control IT risks. Issues associated with the new risks created by the use of the internet for business applications and electronic business are also covered.

Prerequisite Course(s): Prerequisite: ACCT 610

ACCT 716 Advanced Accounting 3.00 School of Management
Business combinations and consolidated financial statements under the purchase method and the accounting for goodwill is the core of this course. Specialized topics include branch accounting, partnership and foreign currency translation. A research project is required.

Prerequisite Course(s): Prerequisite: ACCT 702

ACCT 720 Federal Taxation II 3.00 School of Management
A study of federal tax structure as it applies to entities. Topics covered include: The taxation of corporations, its operations, distributions are complete liquidations, S corporation, partnerships, not for profit entities, and the taxation of gifts, trusts and estates. This course will include elements of research ethics, communication, and the preparation of tax forms.

Prerequisite Course(s): Prerequisite: ACCT 610

ACCT 721 Advanced Financial Accounting 3.00 School of Management
Accounting concepts are combined with accounting practice and methods in order to provide a comprehensive presentation of the discipline of financial reporting. Specific topics covered include: accounting for inventory, property, plant and equipment, intangible assets, bonds, pensions, the cash flow statement, shareholders' equity and revenue recognition, International Financial Reporting Standards, and its similarities and differences with the US Generally Accepted Accounting Principles will also be examined.

Prerequisite Course(s): Prerequisite: ACCT 610

ACCT 725 Professional Auditing 3.00 School of Management
Fundamentals of auditing principles and procedures under generally accepted auditing standards will be covered. Auditor's reports, professional ethics and legal responsibilities, EDP considerations, statistical sampling, applications in auditing, the role of internal control in relation to the auditor and substantive audit procedures of assets, liabilities and equity capital will be reviewed. Communication of auditor findings to applicable parties will also be studied.

Prerequisite Course(s): Prerequisite: ACCT 705

ACCT 731 Computer-Based Auditing and Research 3.00 School of Management
This course examines issues relevant to planning and conduction IT (Information Technology) audit and control activities. The course covers the following conceptual areas: business risks and the management of business risk, IT risk as a component of business risk, the need to manage IT risks, and basic type of controls required in a business system in order to control IT risks. Issues associated with new risks created by the use of the internet for business applications ad electronic business are also covered.

Prerequisite Course(s): Prerequisite: ACCT 411 or ACCT 610 or ACCT 725

ACCT 732 Not-For Profit Accounting 3.00 School of Management
A study of accounting principles, procedures and reporting requirements as they apply to governmental units and to private non-profit organizations. Areas covered will include governmental units, hospitals, universities, and other public sector entities.

Prerequisite Course(s): Prerequisite: ACCT 501 or a waiver

ACCT 735 Fund Accounting 3.00 School of Management
Fund accounting of not-for-profit organizations is gaining increased attention within the accounting profession. Areas covered will include governmental units, hospitals, universities, and other public sector entities.

Prerequisite Course(s): Prerequisite: ACCT 595

ACCT 745 Legal Environment of Business 3.00 School of Management
Exploration of the legal settings within which business must operate. First the legal aspects of contractual obligations and agency relationships are examined. Then focus shifts to the law of property, and application of the Uniform Commercial Code to secured transactions and sales transactions. A study of government regulations as applied to business activities. Designed to give basic understanding of legal problems in the marketing and transportation of goods.

Prerequisite Course(s): Prerequisite: MGMT 601