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ACCOUNTING AND TAXATION

ACCT-099

Course Level: Graduate

ACCT-196
Selected Topics:Non-Recurring (1-6)

Course Level: Undergraduate

Topics vary by section, may be repeated for credit with different topic.

ACCT-240
Principles of Financial Accounting (3)

Course Level: Undergraduate

An introduction to the accounting profession; business entities; and all elements of basic financial statements. Introduces financial statements as a communications link between firms and their stakeholders and as a basis for assessing managerial performance.

ACCT-241
Principles of Managerial Accounting (3)

Course Level: Undergraduate

Students are introduced to cost measurement and analysis, budgeting, and performance evaluation. Focuses on how managers use accounting information as a basis for planning and controlling operations. Prerequisite: ACCT-240 with a grade of C or better.

ACCT-244
Introduction to Business Law (3)

Course Level: Undergraduate

Introduction to U.S. commercial law in the context of the global legal environment in which businesses operate. Examines the sources of law and the nature of legal analysis. Includes an introduction to contract law as the foundation for commercial law and business transactions; agency law as a foundation for business organizations, employment law, and corporate governance; tort law as a foundation for product liability and environmental liability; and other topics.

ACCT-294
Community Service-Learning Project (1)

Course Level: Undergraduate

May be taken pass/fail only. Prerequisite: permission of instructor and Center for Community Engagement & Service.

ACCT-296
Selected Topics: Non-Recurring (1-6)

Course Level: Undergraduate

Topics vary by section, may be repeated for credit with different topic.

ACCT-301
Introduction to Business Law (3)

Course Level: Undergraduate

Introduction to U.S. laws governing the conduct of business affairs. Examines sources of law; the framework of civil procedure; and the nature of legal analysis. Includes an introduction to law of contracts; law of torts; and other topics.

ACCT-340
Intermediate Accounting I (3)

Course Level: Undergraduate

The first of a two-course sequence on financial accounting and reporting. Provides a comprehensive overview of financial statements; considers issues involved in recognizing and measuring assets; equities; and income; introduces the rationale for accounting standards and techniques for researching existing standards; and applies these tools and techniques to accounting and reporting for revenues; receivables; inventories; cost of sales; fixed assets; and intangibles. Prerequisite: ACCT-240 and ACCT-241 (may be taken concurrently with permission of instructor or department chair).

ACCT-341
Intermediate Accounting II (3)

Course Level: Undergraduate

The second of a two-course sequence on financial accounting and reporting. Students use concepts and techniques developed in ACCT-340 to study the accounting and reporting for liabilities; owners' equity; and the preparation and interpretation of the statement of cash flows. Prerequisite: ACCT-340.

ACCT-345
Cost Accounting and Strategic Cost Management (3)

Course Level: Undergraduate

Provides an understanding of cost management concepts and the use of cost management to achieve organizational goals. Focuses on how management control systems for performance measurement; compensation; and allocation of decision rights interrelate. Prerequisite: ACCT-241.

ACCT-390
Independent Reading Course in Accounting (1-3)

Course Level: Undergraduate

Prerequisite: permission of instructor and department chair.

ACCT-391
Internship in Accounting (1-6)

Course Level: Undergraduate

Provides students with the opportunity to blend practical business work experience with academic study. The academic workload varies depending on the internship credit to be earned. Prerequisite: ACCT-241 with a grade of C or better, KSB-211, and permission of instructor.

ACCT-396
Selected Topics: Non-recurring (1-6)

Course Level: Undergraduate

Topics vary by section, may be repeated for credit with different topic.

ACCT-443
Federal Income Taxation of Individuals and Businesses (3)

Course Level: Undergraduate

Introduction to federal income taxation of individuals, partnerships, and corporations, providing a broad overview of the importance of tax considerations in business decisions. Prerequisite: upper-division standing.

ACCT-444
Strategic Tax Planning for Business and Personal Financial Decisions (3)

Course Level: Undergraduate

Building on basic concepts from ACCT-443, this course introduces strategies for tax planning and research. Students apply these strategies to a number of important tax issues. Tax compliance issues are also considered. Prerequisite: ACCT-443 with a grade of C or better.

ACCT-449
Contemporary Assurance and Audit Services

Course Level: Undergraduate

Introduces the role of the audit and assurance services in financial markets. Focuses on the ethical and legal obligations of audit professionals, practice standards, risk assessment and the evaluation of internal controls, audit evidence, levels of assurance, attestation requirements, and the impact of information technology on audit practice. Meets with ACCT-649. Prerequisite: ACCT-340.

ACCT-490
Independent Study Project in Accounting (1-3)

Course Level: Undergraduate

Prerequisite: ACCT-241 with a grade of C or better, upper-division standing, and permission of instructor and department chair.

ACCT-496
Selected Topics: Non-recurring (1-6)

Course Level: Undergraduate

Topics vary by section, may be repeated for credit with different topic.

ACCT-502
Advanced Business Law (3)

Course Level: Undergraduate/Graduate

Functions, form, and content of commercial paper; law of real and personal property; legal bibliography; legal requirements of business; and case research.

ACCT-547
Advanced Financial Accounting (3)

Course Level: Undergraduate/Graduate

Provides in-depth coverage of consolidated financial statements and of accounting and reporting for securities investments; business combinations; and partnerships. Prerequisite: ACCT-341, or ACCT-641 or ACCT-642 (may be taken concurrently).

ACCT-549
Contemporary Assurance and Audit Services (3)

Course Level: Undergraduate/Graduate

Introduces the role of the audit and assurance services in financial markets. Focuses on the ethical and legal obligations of audit professionals, practice standards, risk assessment and the evaluation of internal controls, audit evidence, levels of assurance, attestation requirements, and the impact of information technology on audit practice. Prerequisite: ACCT-340, or ACCT-641 or ACCT-642.

ACCT-550
Accounting Information Systems (3)

Course Level: Undergraduate/Graduate

Concepts and techniques of analyzing, designing, and implementing accounting information systems. Evaluation of computer- and non-computer-based information systems for organizations of various kinds. Prerequisite: ACCT-241 or ACCT-607 and ACCT-609.

ACCT-551
Forensic Accounting: Fraud Examination and Litigation Support (3)

Course Level: Undergraduate/Graduate

This course examines the nature of financial fraud and provides students with knowledge of the skills needed to identify and deter financial deceptions. Students are introduced to fraud examination techniques used by forensic accountants during various stages of an investigation and about the forensic accountant's role in the litigation process. Prerequisite: ACCT-340 or ACCT-607, or permission of instructor.

ACCT-560
Governmental and Not-for-Profit Accounting (3)

Course Level: Undergraduate/Graduate

Accounting and financial reporting concepts and standards applicable to local, state, and federal governments, and non-profit entities such as colleges and universities, health care entities, and voluntary health and welfare organizations. Emphasizes the nature of governmental organizations and their financial characteristics and differences in reporting standards from the private sector. Financial management and audit issues particular to non-profits are also discussed. Prerequisite: ACCT-340 or ACCT-607 or permission of Director of the MS Accounting program.

ACCT-596
Selected Topics: Non-recurring (1-6)

Course Level: Undergraduate/Graduate

Topics vary by section, may be repeated for credit with different topic.

ACCT-600
Ethics in Business and Accounting (3)

Course Level: Graduate

Examines major ethical issues facing business with particular emphasis on the accounting profession. Includes the profit motive and the public good, social responsibility in corporations, environmental concerns, consumer and employee relations, confidentiality, whistle bowing, advertising, and hiring practices. The AICPA Code of Professional Conduct is studied and contrasted with ethical codes of other organizations and professions. The course also includes analysis of domestic and international case studies.

ACCT-601
Legal Aspects of Business and Governance (1.5)

Course Level: Graduate

An introduction to the legal issues involved in choosing, designing, and organizing an appropriate entity to carry on a business. Analysis of legal implications of the entity for management and governance of the business, including its disposition and liquidation. Emphasis is placed on special considerations for start-up businesses, changes in a legal entity because of growth or other circumstances, and positioning for domestic or international expansion or public financing.

ACCT-604
Tax Planning for Individuals and Business Enterprises (3)

Course Level: Graduate

A study of federal income tax laws relating to individuals, partnerships, and corporations. Detailed consideration to basic income tax concepts applicable to individuals, property and business transactions, corporations (including S Corporations) and their shareholders, partnerships and limited liability companies. Prerequisite: ACCT-607 or permission of Director of the MS in Accounting program.

ACCT-607
Financial Accounting (3)

Course Level: Graduate

Introduces the accounting model of the firm; the financial accounting cycle; and methods firms use to account for their operating; investing; and financing activities. Examines uses of accounting information; the roles of the accounting profession; and social, political, and economic influences on accounting policies and professional practices.

ACCT-609
Management Accounting (1.5)

Course Level: Graduate

Provides students with a working knowledge of the principles, concepts, and techniques of cost measurement, cost management, and modern management control systems used in practice, including job-order costing, cost behavior, cost-volume-profit analysis, traditional and activity-based product costing, intra-firm performance evaluation, and tools for performance measurement and decision-making. Prerequisite: ACCT-607 (may be taken concurrently).

ACCT-611
Cost Accounting for Strategic Management (3)

Course Level: Graduate

For students preparing for careers in accounting; management; management consulting; financial management; and financial analysis. Introduces concepts and tools needed to understand and effectively use managerial accounting information to monitor and control costs; plan operations; and measure; monitor; and motivate performance. Prerequisite: ACCT-609.

ACCT-623
Business Law (3)

Course Level: Graduate

An intensive introduction to the legal and ethical issues confronting the global business manager. Explores the legal system, legal processes, and several areas of commercial law relevant to the business manager, and also develops recognition of legal and ethical issues and their managerial implications. Examines product liability, the contract as the fundamental legal instrument of global commercial relations, agency, and the law of torts.

ACCT-630
Legislative and Judicial Foundations of Income Tax (3)

Course Level: Graduate

Legislative and judicial concepts common to all areas of income taxation. Emphasis on analysis of court decisions to trace the development of judicial doctrines. Subject areas include substance over form, characteristics of income, dispositions of assets, capital gains and losses, tax credits, limitations on business expenses and losses, and tax accounting principles. Prerequisite: admission to the graduate tax program or graduate accounting program or permission of Director of the MS Taxation program.

ACCT-631
Tax Research and Procedure (3)

Course Level: Graduate

Thorough analysis of techniques for performing sophisticated tax research including on-line services, treatises, IRS sources, and court decisions. Analysis of tax procedure including IRS organization; audit procedures; assessment, collection, and refunds; limitations; penalties; responsibility in tax practice. Emphasis on practical applications. Prerequisite: admission to the graduate tax program or graduate accounting program or permission of Director of the MS Taxation program.

ACCT-635
Business Law, Ethics and Governance (3)

Course Level: Graduate

This course prepares business managers to function effectively within a legal and ethical environment and to recognize the social responsibility of the business enterprise. Students are exposed to U.S. legal systems and legal processes with emphasis on the areas of business law that are fundamental to the operations of a business entity. The course focuses on several areas of substantive commercial law relevant to the business managerial implications and fosters the manager's ability to minimize the frequency and expense of legal conflict and litigation, as well as to discern the distinction between what is legal, what is ethical, and what is in the best interests of the firm and its stakeholders. May be taken A-F only. Prerequisite: admission to MBA or MS in Analytics.

ACCT-641
Corporate Financial Reporting: Operations (3)

Course Level: Graduate

With ACCT-642, this course is part of a two course sequence focused on financial accounting rules for corporations. It includes application and use of financial accounting in a decision-making framework and. emphasizes corporate financial reporting strategies, preparation of financial statements, and interpretation of financial statements by external users. The course examines issues related to the environment and theoretical structure of accounting, the accounting cycle, financial statements and disclosures, income determination, valuation and accounting for current and non-current assets, and current liabilities and contingencies. Within these content areas, the course also explores the differences between financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles GAAP), and those prepared in accordance with International Financial Reporting Standards (IFRS). Prerequisite: ACCT-607.

ACCT-642
Corporate Financial Reporting: Financial Transactions (3)

Course Level: Graduate

With ACCT-641, this course is part of a two course sequence focused on financial accounting rules for corporations. It includes application and use of financial accounting in a decision-making framework and emphasizes corporate financial reporting strategies, preparation of financial statements, and interpretation of financial statements by external users. The course examines issues related to investments, non-current liabilities, equities, the statements of cash flows, and the accounting for changes and error corrections. Within these content areas, the course also explores the differences between financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles GAAP), and those prepared in accordance with International Financial Reporting Standards (IFRS). Prerequisite: ACCT-607.

ACCT-649
Contemporary Assurance and Audit Services (3)

Course Level: Graduate

Introduces the role of the audit and assurance services in financial markets. Focuses on the ethical and legal obligations of audit professionals, practice standards, risk assessment and the evaluation of internal controls, audit evidence, levels of assurance, attestation requirements, and the impact of information technology on audit practice. Meets with ACCT-449. Prerequisite: ACCT-641 or ACCT-642.

ACCT-670
International Accounting (3)

Course Level: Graduate

Basic concepts and technical issues in international accounting. A broad introduction to the international business dimension as a context for in-depth study of accounting in a multinational environment. Includes internationalization of accounting standards, currency translation problems, transfer pricing, and comparative practices in reporting. Prerequisite: ACCT-607 and ACCT-609.

ACCT-677
Financial Statement Analysis (3)

Course Level: Graduate

This course explores the use of financial statement information by investors and analysts as a basis for understanding a firm's current performance, assessing its future prospect and valuing ownership and other claims. The focus is on use of accounting information for equity valuation, but other applications are also considered. Meets with FIN-677. Prerequisite: ACCT-607 and FIN-614, or equivalent with permission of the chair of the Department of Accounting and Taxation.

ACCT-680
Advanced Forensic Accounting and Fraud Investigation (3)

Course Level: Graduate

This advanced course focuses on the detection and investigation of business crimes with an emphasis on the forensic accountant's role in uncovering fraud. Topics include fraudulent financial statement analysis, fraud detection using electronic evidence, and legal issues that arise during the investigation and litigation process. Students also learn how to calculate damages, write an expert report, and testify in court. Prerequisite: ACCT-551.

ACCT-685
Topics in Accounting (1.5-3)

Course Level: Graduate

Topics vary by section, may be repeated for credit with different topic. Rotating topics examine critical issues in accounting practice, accounting theory and interdisciplinary perspectives. In depth coverage of topics such as issues in financial accounting, management accounting, assurance services, or accounting information systems.

ACCT-690
Independent Study Project in Accounting (1-6)

Course Level: Graduate

Prerequisite: permission of instructor, department chair, and associate dean.

ACCT-691
Internship (1-3)

Course Level: Graduate

May be taken pass/fail only. Prerequisite: permission of instructor and department chair.

ACCT-696
Selected Topics: Non-recurring (1-6)

Course Level: Graduate

Topics vary by section, may be repeated for credit with different topic.

ACCT-725
Modern Management Control Systems (3)

Course Level: Graduate

Integration of managerial aspects of accounting, business, and the functions of decision making, planning and control. Consideration of both quantitative and behavioral dimensions of contemporary accounting and management control systems. Prerequisite: ACCT-609.

ACCT-740
Taxation of Corporations (3)

Course Level: Graduate

Income taxation of C corporations and their shareholders including formation capitalization, redemption, and liquidation rules. Emphasis on reorganizations, carryover of tax attributes, multiple corporations, consolidated returns, and financial reporting for income taxes. Prerequisite: ACCT-604 or admission to the graduate tax program or permission of Director of the MS Taxation program.

ACCT-741
State and Local Taxation (3)

Course Level: Graduate

Examination of the constitutional and practical constraints on taxing jurisdiction of state and local governments; conformity with federal law, apportionment of income, multistate and multinational corporation problems, transaction taxes, property taxes, death and gift taxes. Detailed analysis of the Uniform Division of Income for Tax Purposes Act (UDITPA). Prerequisite: ACCT-604 or admission to the graduate tax program or permission of Director of the MS Taxation program.

ACCT-742
Special Tax Topics (1-3)

Course Level: Graduate

Topics vary by section, may be repeated for credit with different topic. Rotating specialized tax topics or analysis of current tax legislation. Topics include taxation of banks, insurance companies, security transactions, tax exempt organizations, cooperatives, or natural resources, or accounting periods and methods. Prerequisite: ACCT-604 or permission of Director of the MS Taxation program.

ACCT-743
International Taxation (3)

Course Level: Graduate

U.S. tax law related to investment by U.S. persons overseas and foreign persons in the United States. Includes the foreign tax credit, Subpart F. PFICs, FSCs transfer pricing, FIRPTA, section 911, and the role of tax treaties. Prerequisite: ACCT-604 or permission of Director of the MS Taxation program.

ACCT-745
Employee Benefit Tax Planning (3)

Course Level: Graduate

Analysis of income tax aspects of compensation benefits for employees at all levels and for self-employed persons. Detailed consideration of qualified pension and profit-sharing plans, individual retirement accounts, Keogh plans, statutory and nonstatutory stock options, and other fringe benefits (life insurance, medical plans, etc.). Prerequisite: ACCT-604 or permission of Director of the MS Taxation program.

ACCT-746
Taxation of Real Estate Transactions (3)

Course Level: Graduate

Income tax aspects of acquiring, operating, and disposing of investment and personal real estate. Detailed consideration of deductions (including ACRS), conventional and creative financing techniques, foreclosures and repossessions, subdivision, sale/leaseback transactions, tax-deferred exchanges, involuntary conversions, sale of a principal residence, and special problems of agricultural property. Prerequisite: ACCT-604 or permission of Director of the MS Taxation program.

ACCT-747
Taxation of Pass-Through Entities (3)

Course Level: Graduate

Income tax aspects of transfers to, distributions from, and operation of partnerships and S corporations. Consideration given to withdrawal or death of a partner, dissolution issues, sales and exchanges of partnership interests, special partnership allocations, and penalty taxes on S corporations. Prerequisite: ACCT-604 or permission of Director of the MS Taxation program.

ACCT-750
Tax Policy (3)

Course Level: Graduate

Study of the economic, social, ethical, and political forces in the development of tax policy. Specifically addressed are alternative approaches to taxing income, the practical political environment of enacting tax legislation, and the international influences on U.S. tax policy. Prerequisite: ACCT-604 and 3 credit hours of coursework in economics, or permission of Director of the MS Taxation program.

ACCT-751
Seminar in Business Tax Planning (3)

Course Level: Graduate

Use of case methodology to integrate tax considerations with accounting, economic, managerial, and nontax legal considerations for planning business transactions. Includes organization, operation and liquidation of closely held businesses, including C corporations, partnerships, limited liability companies, and S corporations. Prerequisite: permission of Director of the MS Taxation program.

ACCT-752
Estate and Financial Family Tax Planning (3)

Course Level: Graduate

An examination of income, estate, and gift tax rules coupled with nontax legal and financial considerations in establishing a tax-efficient wealth transfer plan within a family. Includes detailed analysis of the income taxation of estate and trusts (Subchapter J). Estate planning legal mechanisms, charitable and family gifts, private foundations, and issues in disposing of closely-held business interests are also studied. Prerequisite: ACCT-604 or permission of Director of the MS Taxation program.

ACCT-760
Advanced Auditing Professional Practice (3)

Course Level: Graduate

Advanced study of auditing theory, standards, and practices as well as other contemporary issues in professional accounting practice. Includes standard setting processes, legal and ethical responsibilities, statistical sampling, information systems audits, internal/operational audits, government compliance audits, and international auditing standards. Also examines the contemporary environment of the accounting profession and the evolution of professional practice. Prerequisite: ACCT-549.

ACCT-780
Seminar in Accounting Theory (3)

Course Level: Graduate

Examination of the development of accounting theory and, in the context of the current state of the accounting theory, a critical analysis of contemporary accounting issues including ethical and professional implications. Review of relevant literature related to advanced accounting topics. Students hone communication skills in the context of advanced accounting thought; gain insight into accounting research and analytical skills; and develop the ability to reason through complex reporting situations using existing standards and principles. Prerequisite: ACCT-641 and ACCT-642 (ACCT-642 may be taken concurrently) or permission of program director.

ACCT-796
Selected Topics: Non-Recurring (1-6)

Course Level: Graduate

Topics vary by section, may be repeated for credit with different topic.

ACCT-797
Master's Thesis Seminar (3-6)

Course Level: Graduate

Prerequisite: permission of department chair.