Courses of Instruction

ACCOUNTANCY (ACC- Business)

MPT 221 Introduction to Financial Accounting (3)

Introduction to the purposes of financial statements and the recognition, measurement, and disclosure concepts and methods underlying financial statements. Focus is on preparing, using and interpreting financial statements and on understanding the impact of transactions and events on financial statements and financial ratios. Prerequisite: Sophomore standing.

MPT 222 Introduction to Managerial Accounting (3)

Introduction to the uses of accounting information provided managers in production, service, and resale businesses. Focus is on classifying, measuring, and analyzing product and service costs for decision making, preparing budgets, and evaluating performance. Prerequisite: ACC 221.

MPT 321 Intermediate Financial Accounting (3)

Study of the conceptual framework and standard-setting process followed by the application and evaluation of generally accepted accounting principles underlying financial statements. Focus is on recording and reporting intermediate-level transactions and events in accordance with authoritative standards related to the recognition, measurement, and disclosure of assets, liabilities, owners' equity, revenues, expenses, gains, and losses.

330 Professional Practice (0)

Students participating in an internship program register for this course during the semester they are on work assignment. Prerequisite: permission of departmental internship coordinator.

333 Managerial Cost Accounting (3)

Focuses on the roles firm strategy and management accounting information play in managing products, services, and customers. Emphasizes volume-based and activity-based cost calculations, customer profitability analysis, long-term pricing decisions, make/buy and mix decisions, target costing, short-term variable costing-based pricing decisions, and theory of constraint-based pricing and mix decisions. Prerequisite: ACC 222.

343 Federal Income Tax Accounting (3)

Study of the basic features of the federal income tax system. Focuses on the determination of taxable individuals and corporations and on the effects of tax laws and regulations on decision making. Prerequisite(s): ACC 221.

361 Modeling Business Processes in Accounting Information Systems (3)

Introduction to accounting information systems (AIS) as an enterprise-wide, process-focused information system. Also focuses on modeling business processes for AIS by studying processes and learning how to build information systems to support them. Uses data modeling tools such as the REAL model and entity-relationship diagrams to construct relational database systems. Prerequisite(s): MIS 235.

383 Comparative Accounting (4)

Provides a means to perform comparative analyses of financial accounting and tax issues and systems by comparing standard setting process, tax policy issues, and accounting and tax treatment of various transactions. General issues in international taxation and various aspects of foreign direct investment (from the firm and governments' perspectives) are covered. Summer only and offered abroad. Prerequisite: ACC 221 and permission of instructor.

MPT 422/522 Financial Accounting Research (3)

Study of professional research methods and resources used for financial accounting and reporting. Focuses on the application of research methods and resources, through case analyses, to determine applicable recognition, measurement, and disclosure standards for advanced-level transactions and events. Credit not applicable to the Master of Accountancy degree. Prerequisite: ACC 321.

433/533 Management Accounting for Processes (3)

Focuses on the roles firm strategy and management accounting information play in managing business processes. Emphasizes value chain analysis, business process re-engineering, balanced scorecard performance measurement, benchmarking, master budgeting and variance analysis, process value analysis, nonfinancial operational performance measurement, and throughput accounting. Credit not applicable to the Master of Accountancy degree. Prerequisites: ACC 333 and MGT 302.

445 Corporate Partnership and Taxation (3)

Study of the federal tax consequences of the formation and operation of corporations, partnerships, and S corporations. The course also provides a basic understanding of the legal tax research process and how to access online and evaluate the various sources of federal income tax law. Prerequisite(s): ACC 343.

452/552 Internal Auditing (3)

Focuses on the theory and practice of auditing within organizations. Covers internal auditing standards, overview of operational, performance and compliance type audits, and the application of common internal audit techniques. Credit not applicable to the Master of Accountancy degree. Prerequisites: ACC 333 and ACC 361.

453/553 Financial Statement Auditing (3)

Introduction to financial statement audits conducted by independent public accountants. Emphasizes the technical knowledge and skills required by entry-level auditors to meet professional standards, plan and perform audits, and communicate results. Credit not applicable to the Master of Accountancy degree. Prerequisites: ACC 321 and ACC 361.

461/561 Accounting for Business Combinations (2)

Accounting for mergers and acquisitions with emphasis on preparation of consolidated financial statements. Credit not applicable to the Master of Accountancy degree. Prerequisite: ACC 321.

463/563 Survey of International Accounting and Reporting (1)

Survey of international financial accounting and measurement issues. Compares American standards with those of other major countries and examines harmonization efforts in the European Union and internationally. Credit not applicable to the Master of Accountancy degree. Prerequisite: ACC 321.

MPT 468/568 Accounting for Governmental Organizations (2)

Application of accounting principles of governmental organizations with emphasis on fund accounting, budgetary control, and financial reporting. Credit not applicable to the Master of Accountancy degree. Prerequisite: ACC 221 and 222.

MPT 469/569 Accounting for Nongovernmental Not-For-Profit Organizations (1)

An overview of financial and managerial accounting issues for health care institutions, public and private colleges and universities, and voluntary health and welfare organizations with a focus on assessing an organization's use of resources in light of its mission. Credit not applicable to the Master of Accountancy degree. Prerequisite: ACC 468/568.

477 Independent Study (1-3)

Must be approved by instructor and department chair.

601 MBA Accounting Module (2)

Introduces the MBA student to basic concepts of financial and managerial accounting. Focuses on recording financial transactions and interpreting and analyzing financial statements as well as budgeting, performance measurement and identifying relevant costs for decision-making.

622 Information for Business Valuation and Decisions (3)

Framework and skills to analyze financial information for business valuation and capital allocation decisions including applications through case analysis. Emphasis on using financial information for four types of analyses: business strategy, accounting, financial, and prospective. Prerequisite: ACC 321.

630 Graduate Professional Practice (0)

Graduate students participating in an internship program register for this course during the semester they are on work assignment. Prerequisite: Permission of departmental internship coordinator.

643 Income Tax Research (3)

Study of effects of federal income tax on business decisions, methods of minimizing taxes and maximizing after tax cash flows, use of current tax reporting services and other reference materials in research and reporting on complex cases. Prerequisite: ACC 343.

644 Taxation of Business Entities (3)

Consideration of the unique tax aspects of the formation, operation, and liquidation of corporations (including S corporations) and partnerships, and the tax effects of these forms of conducting business on their owners. Prerequisite: ACC 343.

650 Fraud Examination (3)

Study of the process of locating, investigating and documenting fraud in a business environment. In addition to learning about several common types of fraud schemes, students will learn how and why occupational fraud is committed, how fraudulent conduct can be deterred, and how allegations of fraud should be investigated and resolved within the current legal environment.

653 Assurance Services (3)

Focuses on fundamentals and emerging issues related to the practice of auditing and involves researching and resolving practice-oriented problems. In addition to other relevant topics, the course covers audit sampling, EDP auditing, and computer-assisted audit techniques. Prerequisite: ACC 453/553.

655 Control of Accounting & Reporting Risk (3)

Study of the process of identifying, measuring and controlling strategic and business process risk utilizing accepted accounting frameworks from both internal and external perspectives. The concepts studied in this course are the theoretical foundation for business risk auditing approaches being utilized by international accounting firms. The process of designing effective risk management strategies and controls are examined within specific industries and accounting settings.

681 Special Studies in Accounting (1-4)

Independent research into one or more selected topics in accounting with consultations with supervising instructor and written reports on the research. Extent of the research project depends upon credit registration. Prerequisite: graduate standing and permission of department chair.

695 Integrative Accounting Capstone (3)

Integration of auditing, accounting systems, financial accounting, managerial cost accounting, and income tax accounting. This course must be taken in the semester of graduation or in spring semester if graduating in August. Prerequisite or corequisite: ACC 422/522, ACC 453/553, nine semester hours of 600- level accountancy courses, and enrollment in Master of Accountancy program.

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