Albers School of Business and Economics
Course Descriptions

Accounting

  • 2014-2015 Graduate Catalog
    All graduate courses are 3 credits, unless otherwise noted.
    Syllabi information is for reference only; information may not be current.

  • ACCT 5030 Financial Accounting

    Concepts and principles underlying financial accounting, with emphasis on interpreting the content of published financial reports. Introduction and examination of the balance sheet, income statement, statement of cash flows, basic accounting model, accounting cycle, underlying assumptions, and conventions. (formerly MBA 503)

    ACCT 5040 Managerial Accounting/Information for Decision making

    Accounting information for decision making, planning, and controlling the operations of business enterprises. Introduction and examination of product costing systems, capital budgeting methods, cost-volume-profit analysis, and the structure and use of management financial control systems, FINC 5000 recommended. (formerly MBA 504)  

    Prerequisite: ACCT 5030

    ACCT 5110 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. (formerly ACCT 531)  

    Prerequisite: ACCT 5030

    ACCT 5120 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. (formerly ACCT 532)

    Prerequisite: ACCT 5110

    ACCT 5130 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. (formerly ACCT 534)

    Prerequisite: ACCT 5040 or equivalent

    ACCT 5140 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. (formerly ACCT 535)

    Prerequisite: ACCT 5120 or instructor permission

    ACCT 5150 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. (formerly ACCT 536)

    Prerequisite: ACCT 5030

    ACCT 5210 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 5300. Recommended after completion of MBA 5150. (formerly ACCT 538)

    Prerequisite: ACCT 5110 and FINC 5000

    ACCT 5230 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. (formerly ACCT 544)

    Prerequisite: ACCT 5130

    ACCT 5240 Fraud Examination and Forensic Accounting

    This course provides an introduction to fraud examination from an accounting viewpoint and is designed to promote the development of analytical skills that can be utilized by professionals responsible for the prevention, detection, and investigation of fraud.

    Prerequisite: ACCT 5110

    ACCT 5310 Internal Auditing

    This course provides understanding of the audit functions as they relate to the internal operation of a business operation. Topics include managing risk, internal controls, audit approach and audit field work, and auditing IT systems. (formerly ACCT 542, Auditing III)

    Prerequisite: ACCT 5140 or equivalent

    ACCT 5320 Internal Audit II

    Internal Audit II is designed for individuals who want to develop the attributes that are required in the Internal Audit profession. The primary attributes are integrity, positive attitude, work ethic, teamwork, and interpersonal skills. This course has been designed with topics to prepare students for the responsibilities and challenges faced as an internal auditor. The course format will include discussions on internal audit topics as well as practical experience completing an internal audit project.

    ACCT 5330 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. (formerly ACCT 533)

    Prerequisite: ACCT 5120

    ACCT 5340 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. (formerly ACCT 541)

    Prerequisite: ACCT 5140 or equivalent

    ACCT 5350 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. (formerly ACCT 539)

    Prerequisite: ACCT 5150

    ACCT 5370 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 5340. (formerly ACCT 565)

    Prerequisites: ECON 5100, FINC 5050, FINC 5105, ACCT 5110, ACCT 5120, ACCT 5330, ACCT 5210/FINC 5300, two of FINC 5115, FINC 5310 or FINC 5325.

    ACCT 5380 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. (formerly ACCT 580)

    Prerequisite: ACCT 5040 & FINC 5000 or equivalent

    ACCT 5390 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. (formerly ACCT 545)

    Prerequisite: ACCT 5030 or equivalent

    ACCT 5910 Special Topics Courses

    See administrative office for prerequisites and course descriptions. (formerly ACCT 591 - 593)

    ACCT 5940 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. (formerly ACCT 594)

    ACCT 5950 Internships

    For more about internships, click here

    ACCT 5960 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 5990 Research Paper