MAcc Course Descriptions

ACCT 7100 Financial Accounting Theory (required)
Prerequisite:  ACCT 3202 – Intermediate Financial Accounting II or equivalent course with a grade of “C” or better.  A critical review, analysis, and evaluation of current accounting thought relating to the nature, measurement, and reporting of business income and financial position.

ACCT 7220 Advanced Accounting (required)
Prerequisite: ACCT 3202 – Intermediate Financial Accounting II and ACCT 3203 – External Reporting, or equivalent courses, with grades of “C” or better in each course.  A study of concepts and techniques related to the preparation of consolidated financial statements and an introduction to partnership accounting.

ACCT 7350 Accounting in a Global Financial Community (elective)
Prerequisite:  ACCT 3202 – Intermediate Financial Accounting II and ACCT 3203 – External Reporting, or equivalent courses, with grades of “C” or better in each course.  An exploration of international accounting. The course covers technical accounting issues as well as well as other global business topics.

ACCT 7390 Government & Not-For-Profit Accounting (required)
Prerequisite: ACCT 3201 – Intermediate Financial Accounting I or equivalent course with a grade of “C” or better.  A study of fund accounting theory and practice. Accounting for governmental entities, educational organizations and other not-for-profit entities are examined.

ACCT 7400 Fraudulent Financial Reporting (elective)
A foundation for analyzing and evaluating fraudulent financial statements. Topics include the importance of producing reliable financial information, the effects of fraudulent financial reporting, symptoms and schemes of modern corporate fraud, and the roles of the major corporate governance “players” (board of directors, audit committees, management, internal auditors and external auditors) in preventing and detecting fraudulent financial reporting.

ACCT 7410 Advanced Accounting Information Systems (required)
Prerequisite:  ACCT 4410 – Accounting Information Systems, or equivalent courses, with grades of “C” or better. A critical review of transaction cycles, internal controls, and computer technologies that builds on knowledge developed in the undergraduate AIS course. The advanced course includes modeling and diagramming the transaction cycles with a focus on systems documentation and REA modeling in a database environment. Additional coverage includes the systems development life cycle and current computer technologies.

ACCT 7453 Estate Tax and Planning (elective)
Prerequisite:  ACCT 4500 – Individual Income Tax or equivalent course with a grade of “C” or better.  A study of methods used to transfer wealth while living and after death in a tax-effective manner.  Topics include estate planning, gifting and the use of trusts to achieve wealth transfer in an efficient manner.  Students will use electronic databases and other resources to research issues and find alternatives for wealth transfer.

ACCT 7500 Tax Research (elective)
Prerequisite:  ACCT 4500 – Individual Income Tax or equivalent course with a grade of “C” or better.  A study of methods used for researching Federal tax questions. Topics include tax research methodology, primary sources of law, secondary sources of law, the judicial system, and tax practice. Students will use electronic databases and other resources to research fact patterns and present their findings to the class. 

ACCT 7510 Corporate and Partnership Taxation (required)
Prerequisite:  ACCT 4500 – Individual Income Tax with a grade of "C" or better.  An introduction to the tax aspects of corporations and partnerships.  Emphasizes the history, status, and prospects of tax law as it pertains to the corporate and partnership forms of business.

ACCT 7800 Advanced Auditing (required)
Prerequisites:  ACCT 3202 – Intermediate Financial Accounting II and ACCT 4800 - Auditing or equivalent courses, each with a grade of “C” or better.  A study of the concepts and techniques used by the independent accountant in the audit of financial statements within the framework of generally accepted auditing standards.

ACCT 7990 Special Topics in Accounting (elective)
A study of current issues and concepts in accounting.  Students will use electronic databases and other resources to research topics and present their findings to the class.  Guest speakers and field trips may be part of the course. With department head approval, may be taken more than once if topics are substantially different.