Albers School of Business and Economics
Course Descriptions

Accounting

  • Albers course information comes from Seattle University's 2013-2014 Graduate Catalog. All graduate courses are 3 credits, unless otherwise noted. Syllabi information is for reference only. Information may not be current.

    ACCT 531 Intermediate Financial Accounting I

    These intermediate financial accounting courses are designed to prepare the student for a career in professional accounting. Upon conclusion of the sequence the student should: (1) understand the issues involved in accounting policy choice; (2) understand the process and the conceptual framework according to which accounting standards are set in the United States; (3) have in-depth knowledge of accounting for transaction, events, and adjustment affecting assets, liabilities, shareholders equity, revenues, expenses, gains, and losses. Prerequisite: MBA 503.

    ACCT 532 Intermediate Financial Accounting II

    These intermediate financial accounting courses are designed to prepare the student for a career in professional accounting. Upon conclusion of the sequence the student should: (1) understand the issues involved in accounting policy choice; (2) understand the process and the conceptual framework according to which accounting standards are set in the United States; (3) have in-depth knowledge of accounting for transaction, events, and adjustment affecting assets, liabilities, shareholders equity, revenues, expenses, gains, and losses. Prerequisite: ACCT 531.

    ACCT 533 Advanced Financial Accounting

    Concepts and practices underlying generally accepted accounting principles relating to equity method investments, business combinations, foreign currency transactions and translation. Analysis of how non-controlling interests are reflected in accounting reports. Emphasis on interpreting and applying professional accounting standards. Prerequisite: ACCT 532.

    ACCT 534 Managerial Cost Accounting

    Discussion and analysis of costing techniques, use of accounting data in planning and evaluating managerial performance, and use of accounting data in short-run and long-run decisions. Special attention directed to issues in current developments in cost allocation, planning, and performance evaluation. Prerequisite: MBA 504 or equivalent.

    ACCT 535 Auditing I

    Purpose, scope, concepts, and methods used in examining and attesting to financial statements. Current issues concerning professionalism and role of the public accountant. Prerequisite: ACCT 532 or instructor permission.

    ACCT 536 Federal Taxation I

    Introduction to the basic concepts of federal income taxation for the various forms of business organizations. Use of tax service and research in tax problems. Prerequisite: MBA 503.

    ACCT 538 Financial Statement Analysis and Security Valuation

    This course integrates principles from accounting and finance in the joint processes of: (1) unraveling published financial statements in order to generate pro-forma financial statements; and (2) applying rigorous models to estimate the fair value of the anticipated future streams of cash and earnings.  Emphasis throughout the course is on using data drawn from actual financial reports to make decisions that professional analysts make under time and competitive pressures.  Participants work in teams and are required to communicate their recommendations to "investors" both verbally and in writing.  Cross listed with FINC 538. Recommended after completion of MBA 515. Minimum prerequisite: ACCT 531 and MBA 507.

    ACCT 539 Advanced Federal Income Tax II

    Study of advanced topics in federal taxation, including formation, operation, and dissolution of the business entity. Also includes the importance of ethical considerations, and special tax subjects. Course requires participation in the Volunteer Income Tax Assistance program which includes two Saturday workshops in January. Emphasis is given to the development of communication skills in a professional-to-client environment. The taxpayer assistance component of the course is spread over parts of the winter and spring quarters. Students receive an “N” grade for winter quarter and the course grade spring quarter. Prerequisite: ACCT 536.

    ACCT 541 Auditing II

    This auditing course extends the coverage of auditing topics to legal liability of auditors, audit sampling, fraud/forensic accounting, internal audit, and other assurance services including review, compilations, reporting on internal controls, and financial forecasts. Prerequisite: ACCT 535 or equivalent.

    ACCT 542 Auditing III

    This course introduces students to the major categories of threats arising from IT-based systems. Topics include threats and controls with respect to: applications access, physical security, network security, internet security, operating systems, program change, and databases. Also addressed are user authentication, business continuity and disaster recovery planning, computer assisted audit techniques, SysTrust and WebTrust engagements. Prerequisite: ACCT 535 or equivalent.

    ACCT 544 Strategic Management Accounting

    Emphasizes the analysis of accounting information with explicit considerations of strategic issues and concerns, including financial analysis and management control as tools for formulating and implementing strategies for achieving competitive advantage. Topics include activity-based management, target costing, balanced scorecard, and financial measures of performance. Prerequisite: ACCT 534.

    ACCT 545 Not-for-Profit Accounting

    The study of the accounting principles and practices of governmental and not-for-profit organizations. Examines the reporting, tax, and auditing issues important to entities operating as not-for-profits, such as government entities, social agencies, churches, schools, etc. Prerequisite: MBA 503 or equivalent.

    ACCT 565 Valuation for Financial Reporting

    This course develops an integrated knowledge of accounting and finance and provides a financial reporting perspective for fair value- related issues. Topics will relate to the accounting for business combinations and asset impairments including the recognition and valuation of intangibles and contingencies, stock compensation accounting, derivatives accounting including assessing hedge effectiveness and the accounting for hybrid financial instruments. Cross-listed with FINC 565. Prerequisites: MBA 501, 515, FINC/ACCT 538, FINC 542, ACCT 531, 532, 533, two of FINC 549, 550, 554.

    ACCT 580 Systems Modeling for Financial Decisions

    The tools and approaches in support of decision-making in a business setting, with special emphasis on accounting and finance applications. Extensive use of current software applications. During the term, students work on a variety of problems of practical relevance such as project selection under budgetary constraints and corporate valuation. Prerequisite: MBA 504 and MBA 507 or equivalent.

    ACCT 591 - 593 - Special Topics Courses

    See administrative office for prerequisites and course descriptions.

    ACCT 594 International Study Tour: Accounting

    The study of accounting issues and environment of a foreign country. Course will include travel to the country to observe activities and conditions and to meet with representatives of businesses and other institutions. Location of tour can vary. Check with the department for details.

    ACCT 595 Internships

    For more about internships, click here

    ACCT 596 Independent Study

    Independent study. Individualized reading and reporting on a specific topic approved by an instructor. The program of study and conference times must total 30 hours of study and contact hours for every one-credit taken. Grading option negotiated with instructor for CR/F or letter grade (student option). (1 - 3 credits)

    ACCT 599 Research Paper

    ACCT 599, BETH 599, BLAW 599, ECIS 599, ECON 599, FINC 599, MGMT 599, MKTG 599, OPER 599