Accounting

Office: 100 Rands House; 313-577-4530
Chairperson: Myles Stern

 
The accounting program is designed to prepare students for professional careers in public, corporate, or governmental accounting. While stressing fundamental accounting theory, the curriculum provides thorough application of these concepts to practical situations. 

ALVIN, GERALD: J.D., M.B.A., B.S., Wayne State University; Professor Emeritus

BILLINGS, B. ANTHONY: Ph.D., Texas A & M University; M.B.A., BB.A., University of Texas at Austin; Professor

HABEL, DEBORAH L: M.B.A., University of Michigan; B.S., Oakland University; Lecturer

JONES, DEBORAH K.: Ph.D., Kent State University; B.A., Southern Illinois University; Senior Lecturer

LEE, CHEOL: Ph.D., M.S., State University of New York at Buffalo; M.B.A., B.A., Sung Kyun Kwan University; Associate Professor

MITRA, SANTANU: Ph.D., Louisiana State University; M.B.A., University of New Hampshire; C.A., Institute of Chartered Accountants of India; B. Com, M.Com., University of Calcutta; Associate Professor

REINSTEIN, ALAN: D.B.A., University of Kentucky; M.B.A., University of Detroit; M.S., B.A., State University of New York; George R. Husband Professor

SPALDING, ALBERT D.: J.D., M.B.A., George Washington University; M.A., California State University; M.S., Northcentral University; B.B.A., University of Michigan; Associate Professor

STERN, MYLES: Ph.D., Michigan State University; M.B.A., B.A., University of Michigan; Associate Professor and Chair

VOLZ, WILLIAM H.: J.D., Wayne State University; M.B.A., Harvard University; M.A., University of Michigan; B.A., Michigan State University; Professor

WALSH, ANTONIE: L.L.M., University of Florida; J.D., Wayne State University; B.S., Oakland University; Senior Lecturer

WEIMER, DANIEL F.: M.A., University of Michigan; B.S., Bowling Green State University; Lecturer

ACC 3010 Introduction to Financial Accounting Cr. 3

Theory and practical applications of financial accounting principles; preparation and evaluation of financial statements and the items that make up these statements using real-world examples. Use of the language of business to communicate financial information about business enterprises. Offered Every Term.

Prerequisites: ([BA 2300 with a minimum grade of C])

ACC 3020 Introduction to Managerial Accounting Cr. 3

Basic terms and concepts used in managerial accounting: cost behavior; cost-volume profit analysis; business planning and accounting controls; and how accounting information in managerial decision making. Offered Every Term.

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ECO 2010 with a minimum grade of C]) AND ([BA 2300 with a minimum grade of C])

ACC 4500 Business Co-op Assignment Cr. 0

Must be elected by Professional Development Co-operative Program students during work semester. Offered for S and U grades only. No credit toward degree. Opportunity to put theory into practice on the job. Students will normally be assigned to cooperating business organizations for internship periods of one semester. Offered Every Term.

Restriction(s): Enrollment limited to students in the School of Business.

Equivalent: FIN 4500, MGT 4500, MKT 4500

ACC 5100 Intermediate Financial Accounting I Cr. 3

Accounting principles for preparing complete set of financial statements; how accounting meets the needs of various external users. Theories and practices of external financing of external financial reporting for organizations. Valuation and accounting for assets: cash, receivables, and inventory. Offered for undergraduate credit only. Offered Every Term.

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ACC 3020 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5110 Intermediate Financial Accounting II Cr. 3

Continuation of ACC 5100. Theories and practices underlying external financial reporting for organizations. Valuation of and accounting for specific items on the balance sheet, including property, plant and equipment, intangible assets, current and long-term liabilities, stockholders' equity, investments, income measurement concepts and issues. Offered for undergraduate credit only. Offered Every Term.

Prerequisites: ([ACC 5100 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5115 Intermediate Financial Accounting III Cr. 3

Continuation of ACC 5110. Complex financial reporting topics, such as securities, earnings per share, income taxes, pensions, leases, changes and errors, disclosure issues. Cases used to integrate concepts studied in managerial, systems, and tax accounting courses in this capstone course. Offered for undergraduate credit only. Offered Every Term.

Prerequisites: ([ACC 5110 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5120 Advanced Accounting Cr. 3

Theories and practical applications of financial accounting: as learned in intermediate accounting courses; focus on accounting of consolidation and combination of business entities; accounting for foreign currency transactions; and interim and segment reporting. Offered for undergraduate credit only. Offered Winter.

Prerequisites: ([ACC 5110 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5130 Accounting Systems Design and Control Cr. 3

Implementation of accounting systems in a computer-intensive business environment; methods for developing and documenting Accounting Information Systems (AIS); hands-on use of enterprise resource planning software package for accounting functions. Offered for undergraduate credit only. Offered Every Term.

Prerequisites: ([ACC 5100 with a minimum grade of C]) AND ([ISM 3630 with a minimum grade of C] OR [ISM 4630 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5160 Managerial Accounting Cr. 3

Focus on management accountant as integral part of the management team. Analyzing, managing, and accounting for costs; relevance of cost management in manufacturing firms and other types of organization; solving homework problems by application of concepts covered in textbook and lectures. Offered for undergraduate credit only. Offered Every Term.

Prerequisites: ([ACC 3020 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5170 Introduction to Taxation: Individuals Cr. 3

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. Offered for undergraduate credit only. Offered Every Term.

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ACC 3020 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5180 Governmental and Not-for-Profit Accounting Cr. 3

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. Course is preparation for governmental and not-for-profit portion of the CPA examination. Offered for undergraduate credit only. Offered Every Term.

Prerequisites: ([ACC 5110 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5200 ERP Systems: Concepts and Practice Cr. 3

Enterprise Planning (ERP) systems comprise the primary software packages for the accounting, operational, and managerial activities of an organization. Role and function of ERP systems within organizations; analysis of major business processes and their implementation in ERP software; hands-on use of ERP packages for transaction processing and decision support; use of ERP for customer relationship management, supply chain management, and electronic commerce. Offered for undergraduate credit only. Offered Winter.

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ACC 3020 with a minimum grade of C]) AND ([ISM 3630 with a minimum grade of C] OR [ISM 4630 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Course Material Fees: $117

Equivalent: ISM 5200

ACC 5250 Introduction to Internal Auditing Cr. 3

Theory of internal auditing and how it relates to the CPA audit and the audit committee. Offered for undergraduate credit only. Offered Winter.

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ACC 3020 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students.

ACC 5270 Introduction to Taxation: Business Entities Cr. 3

Builds on basic U.S. tax concepts learned in ACC 5170. 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. Offered for undergraduate credit only. Offered Fall, Winter.

Prerequisites: ([ACC 5170 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5890 Internship in Accounting or Tax Practice Cr. 3

Student performs assigned tasks and responsibilities in a professional manner under supervision of host-employer for minimum 160 hours during the semester, abiding by the rules and regulations established by the employer and expected of all employees; student must satisfactorily complete all course requirements outlined in the internship program for the School of Business Administration. Offered for undergraduate credit only. Offered Every Term.

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

ACC 5990 Directed Study in Accounting Cr. 1-3

Research conducted under supervision of full-time faculty member in an area of special interest to student and faculty member. Offered for undergraduate credit only. Offered Every Term.

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Repeatable for 6 Credits

ACC 5996 Auditing, Assurance and Attestation Cr. 3

Principles and procedures used by public accountants in examination of financial statements of companies and other organizations; issuing an independent opinion; professional standards and responsibilities of the certified public accountant. Offered Every Term.

Prerequisites: (May be taken concurrently: [ACC 5115 with a minimum grade of C]) AND ([BA 3400 with a minimum grade of C])

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.