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Financial Accounting and Reporting

ACCT 5121 - Financial Accounting and Reporting

Accounting is an information system. This course is designed to introduce students to accounting concepts essential to the preparation and interpretation of financial statements issued to management and to external users such as stockholders and creditors. While appropriate consideration is given to procedural aspects of accounting, more emphasis is placed on understanding the conceptual bases of generally accepted accounting principles and the effects of using alternative accounting methods on financial statements.

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ACCT 5122 - Financial Reporting I

An intensive study of financial accounting theory and practical applications as related to the preparation and analysis of financial statements, particularly focusing on assets, liabilities, owners equity and income determination.

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ACCT 5123 - Cost Analysis and Control

Internally, managers need timely information in order to plan and control operations. This course focuses on managerial uses of accounting information for decision-making within the business enterprise. Decisions considered include product pricing, transfer pricing, make or buy, and capital budgeting. Formation of budgets establishing an internal control structure, performance evaluation, and cost control techniques are also discussed.

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ACCT 5124 - Financial Reporting II

Continuation of an intensive study of financial accounting theory and practical applications as it relates to the preparation and analysis of financial statements, particularly focusing on pensions, bonds, leases, and intangibles. Also covered are accounting for consolidations, intercompany transfers, and multinational accounting.

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ACCT 5181 - Financial Accounting and Reporting- Fundamentals

In order to make effective decisions, managers must be able to understand, analyze and evaluate financial statement data regarding the outcomes of previous decisions. This course is oriented towards `users’ (i.e., versus `preparers’) of financial statements and aims to help students develop a basic understanding of the financial accounting concepts and procedures that underlie corporate financial statements. The course objective is to provide students with a fundamental understanding of accounting methods and terminology so that the financial statements in corporate annual reports can be analyzed and evaluated.

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ACCT 5181 - Financial Accounting and Reporting- Fundamentals

In order to make effective decisions, managers must be able to understand, analyze and evaluate financial statement data regarding the outcomes of previous decisions. This course is oriented towards `users’ (i.e., versus `preparers’) of financial statements and aims to help students develop a basic understanding of the financial accounting concepts and procedures that underlie corporate financial statements. The course objective is to provide students with a fundamental understanding of accounting methods and terminology so that the financial statements in corporate annual reports can be analyzed and evaluated.

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ACCT 5182 - Financial Accounting and Reporting- Applications

This course focuses on financial accounting for certain, specific economic transactions (e.g., debt issuance, granting stock-based compensation). The course objective is to provide students with an introduction to fundamental finance concepts and, in turn, a more nuanced understanding of the financial accounting concepts and procedures that underlie corporate financial statements.

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ACCT 5182 - Financial Accounting and Reporting- Applications

This course focuses on financial accounting for certain, specific economic transactions (e.g., debt issuance, granting stock-based compensation). The course objective is to provide students with an introduction to fundamental finance concepts and, in turn, a more nuanced understanding of the financial accounting concepts and procedures that underlie corporate financial statements.

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ACCT 5183 - Cost Analysis

This course provides a micro level understanding of various costing systems, e.g. job-order costing, process costing, and activity-based costing. Students comprehend the nature and behavior of cost and how cost is directly affected by resource (people, materials and capital) acquisition and allocation decisions. Students explore how management solves the interrelated problems of efficiency, productivity, and pricing.

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ACCT 5184 - Managerial Controls

This course takes a macro perspective of applying cost concepts to real-world managerial scenarios to make rational decisions, e.g. product pricing, transfer pricing, make or buy, performance measurement, and budgeting. Students explore how management solves the interrelated problems of capacity, sourcing, pricing, and profitability.

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ACCT 5243 - Assurance Services

An in-depth study of issues relevant to the public accounting profession, including legal liability and ethics, audit risk analysis, planning of audit engagements, auditor reports, and other assurance services and reports. Students will learn to think critically about issues facing the accounting profession primarily by analyzing cases and completing a number of individual and group research projects.

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ACCT 5260 - Federal Income Taxation

A study of the fundamentals of Federal income taxation for individuals and related issues of compliance, reporting, and planning. This course focuses on income and deduction recognition, character, and timing and includes the tax treatment of property, investments, compensation, retirement, and estates.

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ACCT 5327 - Financial Statement Analysis and Business Valuation

Addresses the use of financial statements to analyze and value firms. Topics include advanced issues in accounting, earnings quality, performance measurement, cash flows, and accounting-based valuation and trading strategies.

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ACCT 5505 - Understanding the Responsibilities of an Accounting Professional

The groundwork for fundamental issues that are included in the curriculum in the MS in Accounting Program relating to content and skills associated with professional success will be set.

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ACCT 5520 - Financial Planning for Accounting Professionals

Designed for the accounting professional in the role of financial planner, this course covers all facets of a professional in financial planning practice. Topics include personal income tax planning, debt management, investment and retirement planning, risk management and insurance, and estate planning.

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ACCT 5531 - Contemporary Financial Accounting Issues

Study of major financial accounting issues, including the conceptual framework of accounting, the standard-setting process, asset valuation, income determination, and the agency theoretic perspective on managerial behavior and the use of accounting information in contracts. Other topics covered are fairvalue and derivatives accounting, and corporate governance issues related to the Sarbanes-Oxley Act of 2002. Concentrates on developing theories of the usefulness of accounting information in financial markets. This theoretical perspective is used to evaluate the conceptual framework, specific accountingstandards, and issues related to international harmonization of accounting standards.

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ACCT 5533 - Contemporary Managerial Accounting Issues

Study of major managerial accounting issues including analysis and evaluation of cost management systems. Overall focus is on the use of internally generated accounting data to support business strategy and maintain competitive advantages. Current research in the constantly evolving area of managerial accounting is emphasized.

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ACCT 5535 - Global Financial Reporting and Analysis

Students will develop and test expectations about the content of financial reports based on an understanding of how national culture and subcultures affect financial reporting in a principles-based decision environment.

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ACCT 5539 - Financial Services Reporting & Analysis in the Financial Services Industry

Introduces the nature of and accounting for financial services firms. The major emphasis is on insurance and banking. In each section of the course the student will learn about the nature of the business and the basic transactions in which the business engages. The unique accounting aspects of the businesses are discussed, including any special regulatory accounting rules. The analysis of firms in the industry will be covered.

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ACCT 5543 - Advanced Assurance Services

Advanced treatment of significant assurance services issues. Intended for students with previous coursework in assurance services and/or auditing. The course demonstrates more detailed level of audit techniques: audit planning, risk analysis, assessing internal control, executing audit procedures to substantiate validity of key financial accounts, and a presenting the audit findings in a final audit report.

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ACCT 5545 - Business Law, Business Ethics, and Public Accounting

This course covers the major legal and ethical issues in business and their significance for the accounting profession and related stakeholders. Included among the topics are the tension between profit and the public interest, corporate responsibility to society, environmental concerns, consumer and employee relations, confidentiality, whistle blowing, advertising and hiring practices.

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ACCT 5546 - Forensic Accounting and Fraud Examination

This course develops a foundation upon which forensic accounting engagements are performed. Highlighting the many contexts within which forensic accounting can be performed, students learn the roles forensic accountants play within a wide range of engagements. Students will build their forensic accounting mindset and skill set through the readings and interactions with the professor, while working on a forensic accounting engagement from inception through successful resolution.

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ACCT 5549 - Accounting and Disclosure for Not for Profit Entities

Accounting for not-for-profit organizations (NFPs), including educational institutions, hospitals and other health care entities, and civic and cultural organizations, is substantially different than for-profit entities.This course will examine topics relating to preparing and using financial statements for NFPs, including accounting, audit, and disclosure requirements and selected issues relating to government grants awarded to NFPs.

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ACCT 5553 - Evaluating Internal Controls

This course examines frameworks for evaluating the control practices that an organization relies on to help ensure the integrity of information provided by its accounting systems. Students will learn how to: (1) analyze an organization’s control environment and processes to assess information integrity risks that can be managed with control procedures; (2) design, implement, and monitor internal controls for both manual processing procedures and information-technology-intensive accounting systems; and (3) test the effectiveness of controls in order to evaluate the extent to which deficiencies threaten the reliability of accounting information.

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ACCT 5559 - Accounting and Auditing for Governmental Entities

This course provides students with an understanding of how the characteristics and unique objectives of government entities are manifested in the accounting standards, audit risk and disclosure requirements. Topics addressed include the purpose of the various governmental financial statements, basis of accounting, measurement, audit focus, risk, fund types, and financial statement disclosures.

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ACCT 5563 - Enterprise Risk Management: Identify Events as Risks to Manage or Opportunities to Seize

This course provides students with the ability within the COSO framework to identify events that may impact a nonfinancial publicly traded enterprise’s ability to realize value for its stakeholders using the concept of the triple bottom line of profit, people, and planet. Events will be evaluated as risks that have negative impacts and opportunities as well as potential positive impacts. ERM techniques applied in the course will include: risk control, business continuity, reputation risk, supply-chain management, compensation system alignment, and strategic decisions.

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ACCT 5571 - Taxation of Business Entities

Application of basic tax concepts to business entities, with particular emphasis on C corporations and partnerships. At the end of the course, students should be able to identify and address the tax issues faced when forming, operating, and liquidating a business entity.

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ACCT 5572 - Research in Taxation

Application-oriented tax research, which has the objective of determining the defensibly correct tax treatment of a transaction based on the existing law. Tax research is a process of two basic activities: (1) the conceptualizing process to decide what research is needed and then to evaluate any information located through tax research, and (2) the search process, which requires the ability to use the massive quantity of tax authority available in electronic format. Students further develop their communication skills, both oral and written.

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ACCT 5573 - Advanced Corporate Taxation

Focus is on topics relating to the taxation of corporations: taxable sales and acquisition of going concerns; tax-free reorganizations; multistate taxation; and international taxation of U.S. multinational corporations. The objective is to familiarize the student with the applicable tax rules. Students learn to identify applicable tax planning strategies and tax issues present in business decisions such as those involving the sale or acquisition of a going business, the location or expansion of operations, the repatriation of foreign earnings, and the setting of transfer prices for goods and services provided to related parties.

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ACCT 5574 - Advanced Individual Taxation

Focus is on topics relating to taxation of individuals: estate and gift taxation; income taxation of estates and trusts; estate planning; compensation planning including, but not limited to, equity-based compensation; income taxation of and planning for high-income taxpayers, including taxation of investments and charitable planning. Students learn tax rules and tax planning strategies necessary for individuals to create, preserve, and transfer wealth to future generations.

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ACCT 5582 - Research for Accounting Professionals

This course provides students with the information literacy skills required of an accounting professional to identify information needs, specify and implement research strategies, evaluate resources in order to fulfill those needs, and communicate findings.

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ACCT 5583 - Financial Reporting and Auditing Implications Relating to Income Taxes

This course focuses on the financial reporting and auditing provisions related to federal, foreign, and state income taxes. Students will learn how to: calculate income tax amounts reported on the income statement, balance sheet, and statement of cash flows; prepare the income tax footnote and relateddisclosures; identify substantive audit procedures relating to income tax balances and disclosures; and evaluate and recommend internal controls relating to income taxes.

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ACCT 5603 - Advanced Accounting

An in-depth study of accounting for business combinations. Coverage also is given to accounting for nonprofit entities and contemporary issues in financial accounting.

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ACCT 5604 - Assurance Services

Issues relevant to the public accounting profession, such as legal liability and ethics, audit risk analysis, planning of audit engagements, audit reports, and other assurance services and reports. Students learn to think critically about issues facing the audit profession, primarily by analyzing cases and completing a number of individual and research group projects.

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ACCT 5622 - Financial Accounting

Study of the financial accounting principles which determine financial statements and the uses of the financial statements. The course adopts a broad perspective to understanding major accounting concepts contained in the intermediate accounting curriculum. Emphasis is placed on financial statement presentation and the meaning of resulting balance sheet and income statement amounts.

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ACCT 5625 - The Federal Income Tax and Business Decisions

Designed for the business manager who wants an awareness of tax considerations involved in business decisions. It involves a symptom/recognition level of learning rather than a detailed analysis of each section of the law. The course involves an examination of the definition of income, evaluation of different business entities, methods of reporting income and deferral transactions. Students examine how slight changes in a transaction can materially alter the tax consequences. The course includes discussion of the social, economic, and political aspects of taxation as well as an opportunity to familiarize the student with tax research techniques.

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ACCT 5894 - Special Topics in Accounting

Investigation and discussion of special topics in accounting.

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ACCT 5895 - Independent Study in Accounting

Faculty-student interaction on a one-to-one basis involving independent study of specific areas of accounting. Emphasis, selected by the student, may be on theoretical or applied aspects. A written report is required.

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ACCT 6200 - Investigation of Special Topics

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ACCT 6201 - Introduction to Accounting Research

This seminar introduces students to three major elements of accounting research. First, students are introduced to philosophy of science and how that translates into the major research paradigms in accounting. Second, students are introduced to basic research design issues and how those issues are illustrated in the accounting literature. Finally, students are introduced to the major research paradigms in accounting.

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ACCT 6202 - Seminar in Accounting Research II: Organizational Behavior

Continuation of study in current research topics in accounting.

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ACCT 6203 - Accounting and Capital Markets

This seminar provides a broad survey of capital markets research in accounting and related fields. Students are introduced to major theoretical and methodological issues in this line of research. The seminar focuses on theoretical and intuitive constructs that frame accounting research questions and the methods that are used to address those research questions.

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ACCT 6204 - Judgment and Decision Making in Accounting

The seminar examines theories and empirical research related to individual judgment and decision making in accounting. Students are introduced to the major theoretical and methodological issues involved in this line of research, and develop the background for reading the literature and for further study.

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ACCT 6211 - Seminar in Special Research Topics

Students are exposed to a broad range of accounting research through reading and critiquing research papers presented at the Accounting Department Research Workshop (papers are presented by local scholars as well as scholars from other institutions). The seminar also focuses on how to present effective written and oral criticisms of research papers.

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