ACCOUNTING (010)

53:010:502. ACCOUNTING FOR FINANCIAL REPORTING (3)

• Comprehensive coverage of the accounting system designed for financial reporting to stakeholders of the firm such as stockholders, creditors, financial analysts, and the public at large. The impact of financial transactions on the operating performance and financial position of the firm are emphasized.  Application of GAAP in accounting, accounting irregularities and ethics in financial reporting are incorporated throughout the course.

53:010:503. ACCOUNTING FOR MANAGERIAL DECISIONS (3

• Prerequisite: 53:010:502
• The course covers the accounting systems designed to help management in decision making.  Planning (budgeting) and control systems, various product and service costing methods, and cost analysis for pricing replacement, outsourcing, quality and other management decisions are emphasized.  Performance evaluation of product lines, divisions, and the firm as a whole including balanced scorecard and incentive systems are also covered.

53:010:520. TAXATION FOR MANAGERIAL DECISION MAKING (3)

• Prerequisite: 53:010:502
• Introduction to the federal tax system and tax-related decision making for managers.  Explores the statutory, administrative and judicial structure from which federal tax law evolves.

53:010:521,522. DIRECTED STUDY IN ACCOUNTING (3, 3)

• Prerequisite: 53:010:502
• Directed study supervised by an individual faculty member and approved by the Associate Dean of Graduate Studies.

53:010:523. ADVANCED AUDITING (3)

• Prerequisite: 53:010:502
• Theory of the attest function and advanced practical applications with attention to methods and procedures for evidence gathering, evaluation, and reporting. Philosophy, statistical sampling, EDP auditing, fraud examination, professional ethics, and audit research cases emphasized.

53:010:525. PROBLEMS IN FINANCIAL REPORTING (3)

• Prerequisite: 53:010:503
• Intensive examination of financial statements from the point of view of the user. Focus on accounting institutions, standards, and methodology, and the interpretation of accounting data, revenue and expense recognition, and reporting. Issues in debt and equity financing.

53:010:532. ACCOUNTING INFORMATION SYSTEMS (3)

• Prerequisite: 53:010:502 or equivalent.
• Examines concepts, principles, and components of computerized accounting information systems. Topics include information concepts, data flow diagrams, data dictionaries, a model information system, system flowcharts, internal controls, hardware and soft-ware study, structured red systems analysis, structured systems design, systems implementation and operation, and AIS applications.

• This course counts toward an International Business elective.

53:010:561. GOVERNMENT AND NONPROFIT ACCOUNTING (3)

• Detailed study of accounting for federal and local governments, agencies, educational and health-care institutions, charities and religious organizations, and other not-for-profit organizations. Environment, evolution, budgetary systems, auditing, and various alternatives of fund accounting emphasized. Government and nonprofit accounting as it relates to government, colleges and universities, and voluntary health and welfare programs.

53:010:564. ACCOUNTING THEORY AND POLICY (3)

• Prerequisite: 53:010:502
• Contemporary theories explaining accounting and auditing phenomena. Alternative hypotheses and views to explain existing and emerging issues and observations in areas relating to the markets for accounting and auditing services. Accounting regulations, rule setting, and the accounting profession.

53:010:565. FINANCIAL STATEMENT ANALYSIS (3)

• Prerequisite: 53:010:502
• Analysis, understanding, and interpretation of financial statements; simple skills and methods for making common sense of the elaborate financial statements and financial reports prepared according to existing accounting standards and conventions.  Skills relevant to credit analyses, lending decisions, security analyses, investment decisions, and other decisions that rely on financial data.

53:010:584. ADVANCED TAXATION (3)

• Prerequisite: 53:010:502, 53:010:520
• Analysis of the federal tax laws as they apply to the income of partnerships, decedents, estates and trusts, and corporations. Focus on corporate distributions, especially taxed corporations, capital changes, liquidations, and corporate reorganizations.

53:010:670. SPECIAL TOPICS IN ACCOUNTING (3)

• Prerequisite: 53:010:502
• Topics vary from semester to semester. Consult the Associate Dean of Graduate Studies for specific content each semester. Students may enroll in more than one special topics course.