Accounting (ACCT)
School of Management (SOM)
If a student takes noncore, upper-level business courses before admission to SOM, those courses will not count on an undergraduate degree application for any major in the school, except as general elective credit. A grade of C or higher must be presented on the graduation application for each upper-level course in the major. Course prerequisites are strictly enforced. Degree status is defined as formal admission to SOM.
203 Survey of Accounting (3:3:0) Prerequisite: grade of C or higher in ECON 103. Introduction to accounting from the viewpoint of those who prepare and use financial information. Topics include using accounting information; creating financial statements; an overview of the firm’s operating, financing, and investing activities; and an introduction to product costing, operating budgets, and capital investment decisions. Lecture, recitation format; requires attendance in weekly lecture and weekly recitation.
301 Financial Accounting and Managerial Decision Making (3:3:0) Prerequisite: grade of C or higher in ACCT 203 or equivalent, and sophomore standing. Examines financial accounting from the viewpoint of both users and preparers of financial statements, emphasizing use of financial statement information to make financing, operating, and investing decisions.
311 Managerial and Cost Accounting (3:3:0) Prerequisites: degree status, and grade of C or higher in ACCT 301. Develops skills in identifying business processes, transforming data into useful information, and making managerial decisions. Designed for students in all areas of management, especially those whose career aims include cost management. Topics include analyzing and managing costs, developing cost systems that facilitate decision- making, identifying opportunities for improving business process, creating financial and operating budgets for planning and control, and developing measures to assess performance.
321 Financial Reporting and Analysis (3:3:0)Prerequisites: degree status; grade of C or higher in ACCT 301. Intermediate course for students seeking substantial training in financial accounting. Also helps those who desire additional understanding of financial statements beyond the introductory level. Course discusses the role of financial information in valuation, cash-flow analysis, credit risk assessment, and contracting. Covers receivables, inventories, long-lived assets, financial instruments, leases, pension and post-retirement benefits, intercorporate equity investments, and international reporting.
351 Taxation and Managerial Decision Making (3:3:0)Prerequisites: degree status; grade of C or higher in ACCT 301. Produces managers with sufficient understanding of the tax environment to identify important issues when evaluating business transactions. Develops a framework of taxpayer activities and taxable-income components to teach the fundamental tax concepts and apply them to a variety of business, investment, employment, and personal transactions. Students learn to weigh tax and nontax costs and benefits in making decisions. Specific topics include business formation and organization; capital expenditures; employee and executive compensation; international and multistate operations; and the financial statement disclosure of tax information.
361 Accounting Information Systems (3:3:0) Prerequisites: degree status; grade of C or higher in ACCT 301. Introduction to accounting information systems, focusing on a conceptual basis for transaction processing. Handling and processing of transactions in revenue, expenditure, and payroll cycles serves as platform for developing and manipulating accounting information within a computerized transaction-processing and electronic data environment.
372 Business Analysis and Valuation (3:3:0) Prerequisites: degree status; grade of C or higher in ACCT 301. Expands on students’ ability to use financial statement information for business valuation and financial analysis transactions including credit analysis, risk assessment, risk management, bankruptcy prediction, and equity valuation. Uses actual case studies to provide in-depth analysis of the use of financial statement information.
382 Financial Analysis and the Business Life Cycle (3:3:0)Prerequisites: degree status; grade of C or higher in ACCT 301. Uses multidisciplinary approach to analyze major events in the financial lifecycle of business firms. Topics include start-up activities such as obtaining venture capital and selecting the appropriate business form; high-growth transactions such as stock-option arrangements and initial public offerings; complex corporate structure issues including mergers and alliances; multijurisdictional operations, especially consolidated financial statements, foreign tax credits, currency translations, and currency hedges; downsizing the firm via spin-offs, divestitures, plant closings, and asset sales; and bankruptcy proceedings, including loan workouts.
411 Advanced Managerial Accounting (3:3:0)Prerequisites: degree status, and grade of C or higher in ACCT 311. Managerial uses of accounting information in planning, controlling, motivating and decision making. Emphasizes quantitative and behavioral aspects of managerial accounting.
421 Advanced Financial Accounting Topics (3:3:0)Prerequisites: degree status, and grade of C or higher in ACCT 321. Intended for students who seek expertise in preparing financial statements for complex business organizations. Topics include preparing segmental and consolidated financial statements, especially for multinational firms with complicated corporate structures. Also covers intricate accounting issues such as business combinations, segmental disclosures, and foreign currency translation.
451 Advanced Federal Taxation (3:3:0) Prerequisites: degree status; grade of C or higher in ACCT 351. Federal taxation of corporations, partnerships, fiduciaries, and gratuitous transfers.
461 Assurance and Audit Services (3:3:0) Prerequisites: degree status; grade of C or higher in ACCT 321 and 361. Focuses on process and techniques of providing various assurance services. Also provides information for students to successfully complete auditing portion of the CPA exam.
472 Government and Not-for-Profit Accounting (3:3:0)Prerequisites: degree status; grade of C or higher in ACCT 301. Introduction to accounting for nonbusiness organizations. Emphasizes accounting issues unique to these entities, including nonexchange transactions and lack of ownership interest. Includes accounting and reporting for state and local governments, charitable organizations, and the federal government.
491 Seminar in Accounting (3:3:0) Prerequisite: degree status. Advanced study of accounting concepts and selected topics.
499 Independent Study (1-3:0:0) Prerequisites: 9 credits in upper-level accounting courses and degree status. Research and analysis of selected problems or topics in accounting. Must be arranged with an instructor, and students must receive written approval from the associate dean for undergraduate programs before registration. Written report required. May be repeated for maximum 6 credits if topics vary.
741 Information Technology Auditing (3:3:0) Prerequisite: admission to MSA or MBA program, or permission of program director. Introduces methodologies to assess security and control issues concerning accounting and other information systems. Key feature of course is applying computer-assisted audit tools and techniques to test effectiveness of application controls.
742 Corporate Governance and Ethics (3:3:0)Prerequisite: admission to MSA or MBA program, or permission of program director. Focuses on developing understanding of corporate governance issues and ethical decision-making. Topics include examination of internal and external international governance issues, and ethical analysis in current business environment.
743 Corporate Financial Reporting (3:3:0) Prerequisite: admission to MSA or MBA program, or permission of program director. Addresses contemporary issues in corporate financial reporting. Focuses on role of financial reporting in providing decision-useful information to participants of capital market, and theoretical and empirical assessments of its performance.
744 Fraud Deterrence and Detection (3:3:0) Prerequisite: admission to MSA or MBA program, or permission of program director. Introduces strategies and techniques for fraud prevention and detection. Focuses on financial fraud such as bribery, contract rigging and kickbacks, embezzlement, fraudulent financial reporting, payroll fraud, and misappropriation of inventory and other assets.