Accounting Courses (ACC)
The following courses, numbered 7000-9999, are offered for graduate credit. Courses numbered 0900-6999, which are offered for undergraduate credit only, may be found in the Undergraduate Bulletin. For interpretation of numbering system, signs and abbreviations, see Signs and Abbreviations.
 
7040 Intermediate Financial Accounting I. Cr. 3
No credit after ACC 5100 and ACC 5110. Prereq: B A 6000 or undergrad. equiv. Study of accounting theory and financial statement presentation, underlying assets and income determination at an intermediate level of analysis. Topics include cash and receivables, marketable securities, inventories, property and intangibles. (S,F)
7050 Intermediate Financial Accounting II. Cr. 3
Prereq: ACC 7040 or undergrad. equiv. Continuation of accounting theory and financial statement presentation, underlying liabilities, and shareholder equity at an intermediate level of analysis. Topics include investments, accounting for leases, pensions, income taxes, disclosures and cash flow. (F,W)
7100 Financial Accounting for Managers. Cr. 3
Prereq: B A 7000. No credit for students who have taken ACC 5100 and ACC 5110 or undergraduate equiv. financial accounting courses. No credit for MSA or MST students. Financial accounting theories, principles and standards; interaction between financial accounting concepts and management decisions. (I)
7115 Financial Statement Analysis. Cr. 3
Prereq: ACC 7050 or ACC 7100 or undergrad. equivs. Development of ability to extract and interpret information reported in financial statements in order to evaluate the operating performance and financial status of a firm. (W)
7120 (ACC 5170) Introduction to Taxation: Individuals. (ACC 7120) Cr. 3
Prereq: admission to a graduate program. No credit after ACC 5170 or undergrad. equiv. Introduction to taxation, tax research, and tax planning. Fundamental elements of individual taxation; how individuals and business owners benefit from an understanding of tax law. (F,S)
7122 (ACC 5120) Advanced Accounting I. (ACC 7122) Cr. 3
No credit after ACC 5120 or other undergrad. equiv. course. Prereq: ACC 7050 or ACC 5115 or other undergraduate equiv. course. Theory and practical applications of accounting for consolidation and combination of business entities and accounting for foreign currency transactions and interim and segment reporting. (F)
7125 Advanced Accounting II. Cr. 3
Prereq: ACC 7122 or ACC 5120 or other undergrad. equiv. course. Theory and practical applications of accounting for derivatives, hedging transactions, and corporate bankruptcy reorganizations and liquidations; also includes accounting for partnerships and SEC reporting requirements. (I)
7130 Intermediate Managerial Accounting. Cr. 3
Prereq: B A 7000. No credit after ACC 5160 or undergrad. equiv. Building on managerial accounting skills mastered in B A 7000, this course examines accounting and control issues and the use of information in the decision-making process from a managerial perspective, through the study of cases. (F,W)
7145 Accounting Systems: Design and Controls. Cr. 3
Prereq: ACC 7040 or ACC 5100, or equiv.; and ISM 7500. No credit after ACC 5130 or equiv. Implementation of accounting systems in the computer-intensive business environment; methods for developing and documenting Accounting Information Systems (AIS); evaluation of controls; work with accounting software package. (F)
7148 ERP Systems and Business Integration. Cr. 3
Prereq: B A 7000 and ISM 7500 or undergrad. equivs. Enterprise Planning (ERP) systems are the primary software packages for accounting, operational, and managerial activities of organizations. How ERP systems integrate and coordinate business processes and the management of the organization. Extensive hands-on use of popular software packages for key business activities such as sales, procurement, and production. (Y)
7155 Forensic Accounting. Cr. 3
Prereq: B A 6000 or equiv. and admission to graduate program. A section of this course is offered for Online M.B.A. students, see the Schedule of Classes for the section number. Accounting and legal fundamentals of forensic accounting. Topics include tax and financial statement fraud, information security, and forensic accounting applications in such cases as bankruptcy, identity theft, and organized crime and terrorism investigations. (F)
7165 Internal Audit I. Cr. 3
Prereq: B A 6000 and B A 7000 or undergraduate equivalents. Theory of internal audit; the context within which internal auditing functions; its relation to the external audit and the audit committee. (F,W)
7168 Internal Audit II. Cr. 3
Prereq: ACC 7165. Continued study of principles, theory and standards of internal auditing with emphasis on practical application; includes risk assessment and management, internal controls, corporate governance, planning and execution, report writing and ethics. (W)
7170 International Accounting. Cr. 3
Prereq: ACC 7050 or undergrad. equiv. Issues in international business environment: currency translations; consolidated statements for multinational corporations, inflation accounting; other issues. (F)
7180 Auditing. Cr. 3
Prereq: ACC 7050 or undergrad. equiv. Principles and procedures of internal and external auditing; statistical sampling and other modern auditing techniques; professional standards and responsibilities of the auditor. (F,W)
7188 (ACC 5180) Governmental and Not-for-Profit Accounting. (ACC 7188) Cr. 3
Prereq: ACC 7050 or undergrad. equiv. No credit after ACC 5180 or undergrad equiv. Theory and practical applications of accounting for governmental and not-for-profit organizations, and how they differ from for-profit entities. Technical accounting issues and management and regulatory issues for both state and local governments and for other governmental and non-governmental not-for-profit entities. (T)
7190 Advanced Auditing. Cr. 3
Prereq: ACC 7180 or equiv. Advanced principles and procedures to perform financial audits; case studies of emerging auditing techniques and methods to detect fraud; application of advanced statistical sampling techniques; analysis of auditor's role in society. (W)
7192 Accounting Theory. Cr. 3
Prereq: ACC 7180; or undergrad. accounting major; or consent of instructor. Models, hypotheses, and concepts that form the foundation for the development of accounting theories and principles. (I)
7300 Accounting and Tax Research and Professional Communications. Cr. 3
Prereq: B A and B A 7000 or undergraduate equivs.; ACC 7120 or undergrad. equiv., or ACC 7120 as coreq. Course must be completed within first twelve credits of the M.S.A. and/or M.S.T. programs. Methodology of accounting and tax research, including computer-assisted research and the communication of argument and conclusions. Sources and roles of legislative, executive, judicial and professional bodies in creating, interpreting and enforcing policies and practices. Commonly-used research databases studied through cases. (T)
7310 Business and Professional Ethics for Managers and Accountants. Cr. 3
Prereq: admission to a graduate program. A section of this course is offered for Online M.B.A. students, see the Schedule of Classes for the section number. Laws, regulations and professional codes of conduct as reflection of expectations of corporate stakeholders regarding the ethics of accountants and managers. Significance of integrity, independence, and reputation in light of these rules. (T)
7320 (ACC 5270) Introduction to Taxation: Business Entities. (ACC 7320) Cr. 3
Prereq: ACC 7120 or undergraduate equiv. course. Builds on basic U.S. tax concepts learned in ACC 5170/ACC 7120. Taxation of corporations, S corporations, partnerships, estates and trusts. Accounting for income taxes on financial statements, taxation of corporate reorganizations and liquidations, basic multi-state and multi-national taxation principles, and transfer taxes and wealth planning. (F,S)
7325 Advanced Tax Research and IRS Procedures. Cr. 3
Prereq: ACC 7300 and ACC 7320. Builds on research skills developed in ACC 7300 focusing on tax research methodology, writing and citation; role of legal authorities in taxation; IRS practices and procedures. (W)
7330 Taxation of Corporations and Shareholders I. Cr. 3
Prereq: ACC 7320 and 7300. Advanced taxation issues related to the formation of corporations, their operation, treatment of corporate distributions, liquidations or dissolutions and the tax effects on the corporations and their shareholders. (W)
7335 Taxation of Corporations and Shareholders II. Cr. 3
Prereq: ACC 7300 and ACC 7320. Advanced taxation issues related to consolidated tax returns; corporate acquisitions, mergers, divestitures, and reorganizations; survival of tax attributes; accounting for uncertainty in income taxes; other advanced tax topics. (F)
7340 Taxation of Pass-Through Entities. Cr. 3
Prereq: ACC 7300 and ACC 7320. Tax rules governing formation, operation, and dissolution of partnerships, S corporations, and limited liability companies; aggregate and entity theories; distributions, basis adjustments, dispositions, and other related tax issues. (F)
7400 Taxation of International Business and Multinational Transactions. Cr. 3
Prereq: ACC 7300 and 7320. Taxation of U.S. persons investing or doing business outside the United States. Foreign tax credit, sourcing rules, controlled foreign corporation and related tax issues, transfer pricing issues, and overview of tax issues related to non-U.S. persons doing business in the United States. (F)
7410 Tax Accounting Methods and Deferred Income Taxes. Cr. 3
Prereq: ACC 7120; ACC 7050 or ACC 7100, or undergrad. equivs. A section of this course is offered for Online M.B.A. students, see the Schedule of Classes for the section number. Tax accounting issues faced by managers, including tax accounting methods and periods, inventory methods, tax accrual workpapers, and other issues involving financial accounting for deferred income taxes, including SFAS 109, APB 23 and FIN 48. (Y)
7420 Taxation by State and Local Jurisdictions. Cr. 3
Prereq: ACC 7300 and ACC 7320. Examination of state and local income, franchise, property, sales, and use taxes; definition of residency/nexus; allocation and apportionment of income and other tax effects related to doing business in multiple states. (I)
7430 Taxation of Exempt Organizations. Cr. 3
Prereq: ACC 7300 and ACC 7320. Laws, judicial decisions and administrative rules applicable to tax exempt organizations with respect to their formation, operation and dissolution, including tax policy and regulatory issues to such organizations. (I)
7440 Financial and Estate Planning. Cr. 3
Prereq: ACC 7120 or undergrad. tax course. A section of this course is offered for Online M.B.A. students, see the Schedule of Classes for the section number. Financial and estate planning for executives, professionals, and business owners. Tax and nontax personal financial goals considered in light of income tax requirements, trust accounting rules, and estate and gift taxation. (Y)
7450 Taxes and Business Strategy. Cr. 3
Prereq: ACC 7120. Effect of taxation on business decisions such as choice of form of organization, international operations, employee and executive compensation strategies, business mergers, acquisitions and divestitures. Business decisions examined by studying tax, accounting, and non-tax considerations from a management perspective. (W)
7590 Topics in Accounting and Taxes. Cr. 3
Prereq: ACC 7100, ACC 7120 or undergrad. equiv. courses. Current developments in the profession of accounting and taxes due to new professional standards, government regulations, international issues, changing environment. (I)
7990 Internship in Accounting or Tax Practice. Cr. 1-3
Prereq: completion of all core courses; prior approval of chairperson; approved internship proposal form on file in Office of Student Services prior to registration. Offered for S and U grades only. Application and assessment of concepts developed in studies through meaningful real-world experience. Student must obtain internship position and complete internship application form before registering. Student performs assigned tasks in professional manner under supervision of host-employer for minimum 160 hours during semester; abides by rules and regulations established by employer and expected of all employees; and must complete all course requirements outlined by the School for the internship program. (T)
7992 Topics in Accounting. Cr. 3
Prereq: ACC 7100 or undergrad. equiv. course. Current issues and developments in public accounting: theoretical, practical and regulatory aspects. (I)
7995 Directed Study in Accounting. Cr. 1-5 (Max. 5)
Prereq: completion of all core courses; prior approval of chairperson; approved directed study proposal form on file in Office of Student Services prior to registration. Opportunity to conduct research under the supervision of a member of the graduate faculty in areas of special interest to student and faculty member. (T)
7996 Topics in Tax. Cr. 3
Prereq: ACC 7320 or ACC 5270 or equiv. Current issues and developments in tax and fiscal policy: theoretical, practical, political and regulatory aspects. (I)
7998 Seminar in Tax and Accounting Policy. Cr. 3
Prereq: ACC 7100 or equiv., ACC 7120 or equiv.; coreq: ACC 7300. Must be elected as part of final 12 credits in program. Seminar topics include history of accounting and tax policy in the U.S., establishment of accounting and tax rules and standards, professional responsibilities of accounting and tax professionals; relationship and application to recent and current events. (T)