Accounting Courses

This course introduces accounting, finance and economic concepts.

• Accounting topics cover financial statements, transaction analysis and the accounting cycle.
• Finance topics include the role of the finance manager, time value of money (TVM) and financial statements.
• Economics topics include scarcity and systems, supply and demand, maximizing profits and macroeconomics.

PREREQUISITE(S): None

This course focuses on core accounting concepts. You can use the tools used to create financial statements. You can learn to communicate an organization’s financial health. And you will study financial statements used for management, decision-making and reporting purposes.

PREREQUISITE(S): ACCT500

This course introduces accounting and finance concepts. It also introduces tools that summarize the accounting of business transactions into statements. You will use these tools to diagnose and document an organization’s fiscal health. And you will examine financial statements for management, decision-making and reporting.

PREREQUISITE(S): None

This course focuses on developing and interpreting accounting information. And then you will apply that information for managerial decision-making. The tasks include:

• Cost analysis
• Operational and capital budgeting
• Performance measurement

PREREQUISITE(S): ACCT503 or ACCT504

This course addresses current issues in the field of accounting. Topics include:

• Ethics
• Synthesizing accounting and financial reporting methods
• Recent accounting pronouncements and their effect on various entities
• Current issues addressed by the Federal Accounting Standards Advisory Board (FASAB), the Securities and Exchange Commission (SEC) and International Financial Reporting Standards (IFRS)

PREREQUISITE(S): ACCT503 or ACCT504 or permission from the appropriate academic administrator

This course examines core values in the accounting profession. You will learn from real-world case studies. Also considered are state, national and international regulations. Topics include:

• Ethics and integrity
• Objectivity and independence
• Processes for ethical decision-making
• Professional responsibility
• Legal requirements and codes of conduct

PREREQUISITE(S): ACCT505

This course examines the research skills that are critical in the accounting profession. You will prepare a written report of research and findings. And you will present your recommendations. As part of your accounting research, you will:

• Identify research problems and authoritative sources
• Develop search criteria
• Gather and interpret data
• Form conclusions for a real-world case study in the areas of financial accounting, tax and audit

PREREQUISITE(S): ACCT505

This course deals with financial accounting practice and theory, including:

• Generally accepted accounting principles (GAAP)
• Accounting information systems
• Financial statement reporting and disclosures
• The time value of money
• Cash controls, accounting and reporting for cash, receivables and inventories
• Long-term assets

PREREQUISITE(S): ACCT505

Intermediate Accounting II builds on the previous course, ACCT550 (Intermediate Accounting I), to include:

• Investments
• Intangible assets
• Current and long-term liabilities
• Stockholders’ equity
• Contributed capital and retained earnings
• Dilutive securities
• Earnings per share

PREREQUISITE(S): ACCT550

This course teaches measurement and control of business production activities. It also covers the improvement of corporate profitability through cost management. Topics include:

• Job order and process cost systems
• Flexible budgets and standard costs
• Overhead applications
• Variance analysis, pricing decisions; and performance measurements and rewards

PREREQUISITE(S): ACCT505

This course teaches the important tax consequences of common business transactions. It covers how very different tax liabilities can result from nearly identical economic events. It emphasizes practical results rather than technical compliance requirements to achieve results.

PREREQUISITE(S): ACCT505

External auditing deals with principles, and practices used by accountants for certification of financial statements. This includes:

• External audit services
• Auditor and management responsibilities
• Professional standards of external auditors
• Evidence and procedures used by external auditors
• Audit reports

PREREQUISITE(S): ACCT505

Budgeting teaches the goals, technical procedures and effects of budgeting. The course provides a comprehensive approach to budgeting. This includes:

• Preparing the many schedules that compose a master budget
• Managerial issues affected by the profit planning and control process

PREREQUISITE(S): ACCT505

Intermediate Accounting III builds on ACCT551 to include:

• Revenue recognition
• Accounting for income taxes
• Pensions and post- retirement benefits
• Leases
• Accounting changes and error analysis
• Statement of cash flows
• Disclosure issues

PREREQUISITE(S): ACCT551

This course covers financial accounting practice and theory in relation to:

• Consolidations
• Foreign currency transactions and financial statements
• Partnership accounting, including formation, maintenance, reorganization and liquidation

PREREQUISITE(S): ACCT551

This course expands on tax topics for non-tax accounting and financial professionals. It further examines the complexity of corporate and partnership taxation. It also introduces estates and gifts, fiduciary accounting, tax-exempt entities, and qualified and non-qualified plans.

PREREQUISITE(S): ACCT553

This course examines why organizations need monitoring control systems. It is a comprehensive examination of the audit process. You will learn the criteria for the causes, effects and conditions for various types of audits. These include operational, performance and fraud audits.

Topics include:

• Standards, objectives and procedures involved in reviewing the reliability and integrity of information
• Compliance with policies, procedures, laws and regulations (including the Sarbanes-Oxley Act of 2002)
• Safeguarding assets
• Appraising efficient use of resources
• Reviewing established objectives and goals (including accounting ethics) for operations and programs

PREREQUISITE(S): ACCT505

This course focuses on problem-solving skills used in planning and controlling organizations. Managerial tools explored include:

• Target and activity-based costing
• Activity-based management
• Strategy and management accounting
• Measuring and managing quality costs and capacity
• Emerging accounting issues

PREREQUISITE(S): ACCT505

In this course, you will study topics in the context of multinational enterprises. The topics are:

• Accounting for foreign currency transactions
• Translation of foreign financial statements
• Transfer pricing
• Comparative accounting standards
• Taxation
• Multinational systems and control

PREREQUISITE(S): ACCT505

This course introduces accounting for managers of government organizations and nonprofits. Topics include:

• Transaction analysis
• Financial statement analysis and interpretation
• Compliance issues
• Operational and cash budgeting
• Standards such as those from the Governmental Accounting Standards Board (GASB) and the Federal Accounting Standards Advisory Board (FASAB)

PREREQUISITE(S): ACCT503 or ACCT504 or permission from the appropriate academic administrator

This course addresses computerized accounting information systems. The course also prepares you for the Certified Fraud Examiner (CFE) credential. Topics include:

• Reporting objectives and management needs
• Transaction trails and documentation
• Security and internal controls
• Integration of accounting systems with other software
• Systems analysis techniques

PREREQUISITE(S): ACCT503 or ACCT504

This course examines the nature of occupational fraud. It demonstrates how it is committed. You can learn actions to detect it and procedures to deter it. Topics include how allegations of fraud should be investigated to meet the requirements of civil or criminal courts. Also examined are ethics and governance in business as fraud-prevention tools. The course prepares you to earn the Certified Fraud Examiner (CFE) credential. You will learn tools and techniques for gathering evidence during fraud examinations.

PREREQUISITE(S): ACCT503 or ACCT504

This course focuses on conducting fraud examinations. It includes the procedures used in forensic accounting examinations. It also includes the reasons behind using these procedures. You can learn how allegations of fraud should be investigated to meet the requirements of civil or criminal courts. Also covered are detection, investigation and prevention of specific types of fraud.

This course prepares you to earn the Certified Fraud Examiner (CFE) credential. You will examine criminology and ethics.

PREREQUISITE(S): ACCT503 or ACCT504

This course covers auditing procedures and standards generally accepted in the United States (GAAS) and other standards related to attestation engagements. The auditing and attestation section of the CPA exam tests knowledge in the context of five broad engagement tasks. The course is two semester-credit hours. It is graded on a satisfactory/unsatisfactory basis.

PREREQUISITE(S): ACCT551 or equivalent

This course prepares you to pass the business environment and concepts section of the CPA exam. It focuses on:

• Business structure
• Economics essential to an entity’s operation
• Business and industry
• Financial management
• Information technology
• Planning and measurement

You can learn the underlying business reasons for – and accounting implications of – transactions. You can apply that knowledge in financial statement audit and attestation engagements. And you may perform other functions affecting the public interest. The course is two semester-credit hours. It is graded on a satisfactory/unsatisfactory basis.

PREREQUISITE(S): ACCT551 or equivalent

This course prepares you to pass the financial accounting and reporting section of the CPA exam. It covers accounting principles generally accepted in the United States (GAAP) that affect business enterprises, non-profits and government entities. The course is graded on a satisfactory/unsatisfactory basis.

PREREQUISITE(S): ACCT551 or equivalent

This course prepares you to pass the regulation section of the CPA exam. Topics include federal taxation, ethics, professional and legal responsibilities, and business law. You will study the legal implications of business transactions as they relate to accounting and auditing. And, the course teaches federal and widely-adopted uniform state laws. This includes the principles and procedures for federal income, estate and gift taxation. The course is two semester-credit hours. It is graded on a satisfactory/unsatisfactory basis.

PREREQUISITE(S): ACCT551 or equivalent

This is a final course in the Master's of Science in Accounting (MSAC) program. It integrates knowledge and skills learned throughout the program. You will apply what you have learned to challenges faced by accountants. This includes balancing the needs of customers, shareholders, employees and stakeholders. And you will be considering ethical and legal ramifications.

PREREQUISITE(S): Successful completion of all other program core and MSAC focus courses, and permission from the appropriate academic administrator

This is the final course for Master's of Financial Management (MAFM) students. It provides an opportunity to integrate knowledge and skills learned throughout the program. It is the last course other than the exam-preparation courses. You will integrate strategic planning, critical thinking and communication skills. You will apply these skills to treasury and accounting functions, using the perspective of a CFO.

PREREQUISITE(S): Successful completion of all other required MAFM program courses (except exam-preparation courses) and permission from the appropriate academic administrator