Accounting (010)

53:010:501 Management Accounting (3)
This course is designed for Master of Accounting students and emphasizes accounting for decision-making and control. It develops the measurement and analytical competencies that accounting professionals use daily, addressing key topics such as ethics, strategy, enterprise risk management, leadership, and performance evaluation. Key areas covered include budgeting and control systems, capital budgeting, and investment analysis. The course introduces and critically analyzes traditional absorption costing systems, discussing their limitations, the incentive structures that may lead to overproduction, and the rationale for variable costing. It also introduces activity-based costing as a more accurate alternative for product cost allocation. Instruction is grounded in practical application through problem-solving exercises, real-world case studies, and contemporary research in managerial accounting to help students identify management and control issues and to build the practical and theoretical foundation necessary for success on the CPA Exam and in professional practice.
Registration limited to student seeking the Master of Accountancy degree unless otherwise approved. Prerequisite: For students without an accounting undergraduate degree, 53:010:505 (zero-credit seminar course) is required.

53:010:502 Accounting for Financial Reporting (3)
Comprehensive coverage of the accounting system designed for financial reporting to stakeholders of the firm such as stockholders, creditors, financial analysts, and the public at large. The impact of financial transactions on the operating performance and financial position of the firm are emphasized. Application of GAAP in accounting, accounting irregularities, and ethics in financial reporting are incorporated throughout the course.

53:010:503 Accounting for Managerial Decisions (3)
This course covers the accounting processes designed to help management in decision making. The course will cover cost classifications that managers rely on for different purposes and how managers assign costs to products to facilitate internal decision making and external financial reporting. It covers differential analysis to help managers identify the costs and benefits that differ between alternatives. Planning (budgeting) and control systems, capital budgeting and investment decisions are also covered. Master budgeting to communicate management's plans throughout the organization, allocate resources, and coordinate activities, and flexible budgeting to compute revenue and spending variances will be emphasized. Processes used by managers to control costs will be examined. Performance evaluation of product lines, divisions, and the firm including balanced scorecard and incentive systems are also covered
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 (zero-credit seminar course) is required.

53:010:505 Financial Accounting (0)
This zero-credit seminar introduces students to the financial statements and fundamental concepts in financial reporting. It covers in detail the topics of recognition, measurement, accrual accounting, and the ten elements of the financial statements.
Required for students who do not have an accounting undergraduate degree or equivalent experience. Contact academic advisor for details.

53:010:506 Tax Accounting (0)
This zero-credit seminar introduces students to fundamental concepts in tax accounting, including taxable income, deductions, credits, tax brackets, and marginal tax rates.
Required for students who do not have an accounting undergraduate degree or equivalent experience. Contact advisor for details.

53:010:507 Auditing (0)
This zero-credit seminar introduces fundamental auditing concepts to students by emphasizing the theoretical aspects of auditing in conjunction with the practical application of audit techniques.
Required for students who do not have an accounting undergraduate degree or equivalent experience.  Contact advisor for details.

53:010:512 Performance Measurement and Competitive Strategy (3)
Advanced techniques used to analyze managerial accounting information system for decision-making; profit planning and control emphasized. Cases and current readings on budgeting, cost control, standards, and performance evaluation, including balanced scorecard, are also covered.

53:010:521,522 Directed Study in Accounting (3,3)
Supervised by an individual faculty member and approved by the associate dean of graduate studies.
Prerequisite: As determined by faculty.

53:010:523 Advanced Auditing (3)
Theory of the attest function and advanced practical applications with attention to methods and procedures for evidence gathering, evaluation, and reporting. Philosophy, statistical sampling, EDP auditing, fraud examination, professional ethics, and audit research cases emphasized.
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 and 53:010:507, (zero-credit seminar courses) are required

53:010:525 Problems in Financial Reporting (3)
This course covers topics in financial accounting that require diagnosis of accounting issues, analysis of relevant information, and application of knowledge and skills to make and communicate decisions. The focus on accounting institutions and interpretation of financial accounting standards facilitates the advancement of technical competence and theoretical comprehension of the discipline for the development of critical thought capability and the capacity to better synthesize ideas and concepts to solve complex financial accounting problems. Students will examine the broader implications of financial accounting for the fair and efficient working of the global economy to gain a vital awareness of the current financial accounting and reporting environment. Students will have significant opportunities to refine skills in critical thinking, judgement and decision-making, leadership, collaboration, and communication
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 (zero-credit seminar course) is required.

53:010:530 Forensic Accounting (3)
This course introduces the field of forensic accounting and the role it plays in preventing, detecting, and investigating incidents of fraud. The course aims to equip students with the ability to recognize and respond to fraud in order to minimize its impact and likelihood. Anti-Fraud disciplines provide many relevant opportunities in the field of accounting and can be used to aid private sector, public accounting, and government organizations. Topics include ethics, financial statement fraud, asset misappropriation, corruption, data / identity theft, fraud examinations and investigations, the psychology of a fraudster, red flags, internal controls, and more.
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 and 53:010: 507 (zero-credit seminar courses) are required.

53:010:532 Accounting Information Systems and Internal Control (3)
This course explores how technology, data, and process, come together to form accounting information systems. Students will learn the various technologies that play a role in the accounting process. They will acquire core data skills known as extract, transform and load. Finally, students will gain an understanding in the appropriate policies and procedures to protect organizational information and resources.
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 (zero-credit seminar course) is required.

52:010:565 Financial Reporting and Analysis (3)
This course covers the analysis, understanding, and interpretation of financial statements. Students will learn; simple skills and methods for making common sense of the elaborate financial statements and reports prepared according to existing accounting standards and conventions. Skills relevant to credit analyses, lending decisions, security analyses, investment decisions, and other decisions that rely on financial data will also be covered.  Previous title: Financial Statement Analysis.
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 (zero-credit seminar course) is required.

52:010:566 Financial Statement Analysis (3)
This course covers the analysis, understanding, and interpretation of financial statements. Students will learn; simple skills and methods for making common sense of the elaborate financial statements and reports prepared according to existing accounting standards and conventions. Skills relevant to credit analyses, lending decisions, security analyses, investment decisions, and other decisions that rely on financial data will also be covered.  Previous title: Financial Statement Analysis.
Registration limited to student seeking the Master of Accountancy degree unless otherwise approved. Prerequisite: For students without an accounting undergraduate degree, 53:010:505 (zero-credit seminar course) is required.

53:010:584 Advanced Taxation (3)
This course includes analysis of the federal tax laws as they apply to the income of partnerships, decedents, estates and trusts, and corporations. The course focuses on corporate distributions, especially taxed corporations, capital changes, liquidations, and corporate reorganizations. Topics are assessed through tax research and written communication-based assignments.
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 and 53:010:506 (zero-credit seminar courses) are required.

53:010:585 Advanced Corporate Taxation (3)
This course focuses on advanced topics in the Subchapter C Corporation taxing regime. Problems of corporate formation, measurement of earnings and profits, distributions, redemptions and partial liquidations, reorganizations, and tax considerations in the sale of the corporate business will be covered. The course applies a research-driven, case-based approach to analyze challenges, develop solutions, and communicate results. By rigorously applying authoritative sources to real-world problems, it provides a solid foundation for the advanced study of corporate taxation throughout the life cycle of a business entity.
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 and 53:010: 507 (zero-credit seminar courses) are required.

53:010:586 Advanced Taxation of Flow-through Entities (3)
This course focuses on advanced topics relating to the tax treatment of flow-through entities (e.g., Subchapter S corporations, general partnerships, limited partnerships, LLPs and LLCs). The course will cover issues that span the life cycle of these entities, including formation, operation and dissolution, sale of interest, termination, basis adjustments, liability treatment, and other substantive issues. Coverage will also include the impact of estate planning throughout the life of the entity and upon its sale or transfer. The course applies a rigorous use of authoritative sources through a research and case-based approach to identify tax issues, solve problems, and communicate solutions, establishing a strong foundation for the advanced study of flow-through entity taxation.  

Prerequisite: For students without an accounting undergraduate degree, 53:010:505 and 53:010: 507 (zero-credit seminar courses) are required.

53:010:597 Internship in Accounting (BA)
An internship provides real-world experience to those looking to explore or gain the relevant knowledge and skills within the accounting field. Credits will be applied by arrangement. By permission only.
Prerequisite: Approval of instructor or associate dean for graduate programs.

53:010:651 Colloquium on Current Issues in Accounting Practice (3)
Professionals from public accounting and industry will speak on topics of current interests in accounting, auditing, and income taxes in conjunction with the coverage of topics from popular press. Students attend or participate in forums, seminars, or conferences on current issues in accounting practice.

53:010:660 Accounting Analytics (3)
This course develops students' data extraction, data transformation, data analysis, data interpretation, and data visualization skills. Topics covered include fraud detection,  managerial accounting analytics, and financial accounting analytics. This course includes a substantial data analytics class project.
Prerequisite: For students without an accounting undergraduate degree, 53:010:505 (zero-credit seminar course) is required.

53:010:670 Special Topics in Accounting (3)
Topics vary from semester to semester. Consult the associate dean of graduate studies for specific content each semester. Students may enroll in more than one special topics course.
Prerequisite: as determined by instructor.