Accounting

Accounting, ACCT = 0310

4100. Accounting Systems. 3 hours. Introduction to technology/accounting information systems and their interface with processes and process reengineering. Application of systems development life cycle to the engineering of accounting information systems. Emphasis on auditing system security and integrity. Coverage of project management and accounting systems development. Practical experience with a commercial accounting package. Prerequisite(s): ACCT 2020, 2030, 3110 with grades of C or better; ECON 1100, 1110; MATH 1100, 1190; and BCIS 2610 and 3610.

4130. Financial Statement Analysis. 3 hours. Ratio analysis and interpretation of balance sheet and income statement data. Account classifications and income measurements; company ratios, trends and present position; development of industry standards and status of business indicators as a guide for economic forecasts. Prerequisite(s): ACCT 2020, 2030 with grades of C or better; ECON 1100, 1110; MATH 1100 or 1190; BCIS 2610. Not open to accounting majors.

4140. Advanced Accounting Principles. 3 hours. Problems connected with income determination and equity accounting, and consolidated statements; domestic and foreign branches, and international accounting; statement of affairs; fiduciaries; actuarial science. Prerequisite(s): ACCT 2020, 2030, 3110, 3120, 4100 with grades of C or better; ECON 1100, 1110; MATH 1100 or 1190; BCIS 2610.

4270. Managerial Accounting. 3 hours. Nature, measurement and analysis of accounting data appropriate to managerial decision making, and comprehensive budgeting; statistical cost estimation; cost-volume-profit analysis; gross profit analysis; application of probability to cost control; capital planning. PERT-cost. Prerequisite(s): ACCT 2020, 2030, 3270, 4100 with grades of C or better; ECON 1100, 1110; MATH 1100 or 1190; BCIS 2610.

4300. Federal Income Taxation. 3 hours. Introduction, problems of tax bases and rates; history of the federal income tax; determination of federal income tax base and application of rates; economic and social implications of taxation. Prerequisite(s): ACCT 2020, 2030 with grades of C or better; ECON 1100, 1110; MATH 1100 or 1190; BCIS 2610.

4400. Auditing Professional Responsibilities. 3 hours. Introduction to auditing and the professional responsibilities of a career in any specialty of the accounting profession. Topics include the legal and ethical responsibilities of accountants; professional auditing standards; the acquisition, evaluation and documentation of audit evidence; and reports on the results of the engagement. Prerequisite(s): ACCT 2020, 2030, 3110, 3120, 4100 with grades of C or better; ECON 1100, 1110; MATH 1100 or 1190; BLAW 3430; BCIS 2610.

4410. Auditing Evidence. 3 hours. The investigation of accounting information. This is an introductory course in all aspects of the investigative process in auditing. Topics include evaluation in internal control, compliance testing, substantive testing, operational audits, statistical sampling and auditing EDP. Prerequisite(s): ACCT 2020, 2030, 3110, 3120, 4100, 4400 with grades of C or better; ECON 1100, 1110; MATH 1100 or 1190; BCIS 2610; BLAW 3430; MSCI 3700, 3710.

4800. Internship. 3 hours. Supervised work in a job relative to student's career objective. Prerequisite(s): student must meet the employer's requirements and have consent of professional program director. Does not count toward degree requirements. Pass/no pass only.

5020. Accumulation and Analysis of Accounting Data. 3 hours. Designed to provide an understanding of accounting procedures and concepts utilized by management in making decisions. Basic concepts and techniques of accounting; the role of an accounting system in business operations and management; preparation and interpretation of financial reports; techniques and uses of cost accounting; departmental accounting and analysis; distribution cost analysis. This course meets the deficiency requirement in accounting for MBA candidates and may be counted as part of a graduate program in a field other than business administration.

5110. Accounting Analysis and Reports I. 3 hours. Measurement and reporting issues as they affect revenue and expense recognition, equity measurements, working capital, plant and equipment, and intangibles. Includes study of managerial accounting issues as they affect both financial statement presentation and enterprise planning and control. Prerequisite(s): ACCT 5020 (2020, 2030), 4100; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610). All prerequisites (other than ACCT 5020) may be taken concurrently. Accounting leveling course.

5120. Accounting Analysis and Reports II. 3 hours. Measurement and reporting issues as they affect revenue and expense recognition, equity measurements, long-term investments, foreign currency translation, business combinations, consolidated financial statements and alternative accounting models. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 (3110, 3270); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610). Accounting leveling course.

5130. Accounting for Management. 3 hours. Designed to provide an understanding of financial and managerial accounting data in making business decisions. Cases, readings and projects are used to examine a wide variety of financial and managerial topics. Prerequisite(s): ACCT 5020 (2020, 2030); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); MSCI 5010 (3700, 3710). For students not majoring in accounting.

5140. Advanced Accounting Analysis. 3 hours. Advanced topics in financial accounting and reporting, including business combinations and consolidations, international accounting and monetary translation, governmental accounting and fiduciary accounting. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); MSCI 5010 (3700, 3710).

5150. The Development of Accounting Theory. 3 hours. The theory of accounting as it has developed in the economy of the United States. Particular emphasis on concepts, income measurement, valuation of assets, and valuation and measurement of equities. Application of accounting theory to contemporary problems is analyzed by cases and research papers on selected areas. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610).

5160. Advanced Accounting Theory. 3 hours. Advanced accounting concepts and standards with emphasis on income determination, including legal, economic and accounting views of the income concept. Development of criteria for evaluating and applying theoretical concepts, particularly as they apply to current controversial questions in accounting. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270) and 5150; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610).

5180. Topics in Financial Accounting. 3 hours. A seminar in new topics and areas of current interest to students of financial accounting. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270) and 5150; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); or consent of department. May be repeated for credit.

5250. Controllership. 3 hours. The analysis and development of a comprehensive budgetary program, including the application of budgetary principles and techniques to all phases of the operations of the business enterprise. The controllership function, with special attention to the relationship of the controller to profit planning, financial control and control of assets. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 3270 or 5110 or 5130; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); MSCI 5010 (3700, 3710); or consent of department.

5270. Managerial Cost Accounting. 3 hours. Accumulation, analysis and interpretation of accounting data relevant to purposes of managerial decision making; profit planning and control, and application of mathematics and statistics to accounting analysis. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 3270 or 5110; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); MSCI 5010 (3700, 3710).

5300. Federal Taxation of Income. 3 hours. Introduction, problems of tax bases and rates; history of federal income tax; determination of federal income tax base and application of rates; the basic compliance requirement. The impact and effect of tax laws on the social and economic environment. Prerequisite(s): ACCT 5020 (2020, 2030), 4100; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430). Accounting leveling course.

5310. Tax Research and Administrative Procedure.

3 hours. Objectives are to develop the technical skill to identify tax situations, isolate the tax issue, and develop the documentary support and arguments for acceptable solutions to complex tax problems. Upon completion of the course, the student will be able to use the major tax services and prepare a tax memorandum that communicates as completely as possible the tax problems of a practical situation. Also included are the procedural processes for representing a taxpayer before the Internal Revenue Service and the requirements for filing a tax return. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270), 5300 (4300); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430).

5320. Taxation of Corporations, Partnerships and Fiduciaries. 3 hours. An overview of federal tax laws governing C corporations, S corporations, fiduciaries and partnerships. Explanations of how these entities are used in tax planning. A case method course for MS candidates not planning to specialize in taxation. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270), 5300 (4300); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430).

5330. Taxation of Corporations and Shareholders.

3 hours. A comprehensive study of rules governing the taxation of corporations and the related problems of corporate shareholders. Emphasis is on the use of corporate tax planning. Some important topics covered are formation of corporations; planning the capital structure to minimize taxes; distributions to shareholders, particularly distributions that receive capital-gains treatment; and corporate reorganizations. Numerous cases are used in the course to improve research skills and the preparation of written reports. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270), 5300 (4300) and 5310; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430).

5350. Estate and Gift Taxation. 3 hours. Federal and state death taxes and the federal gift tax are analyzed. Emphasis is placed on the interrelations between estate taxes, gift taxes and income taxes. Special attention is given to techniques for disposing of wealth to minimize taxes. Research cases, along with problems involving return preparation and estate planning, are used extensively. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270), 5300 (4300), 5310, 5330, 5360; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430).

5360. Advanced Topics in Federal Taxation. 3 hours. Topics covered in this course depend on the needs of students enrolled each semester. The range of possible topics includes taxation of foreign persons and multinational operations, consolidated tax returns, partnerships, special problems in tax accounting and tax reform proposals. Typically, multinational operations, partnerships and tax reform proposals are covered. Emphasis on tax planning and on the intricate process by which federal taxes are assessed. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270), 5300 (4300) and 5310; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430).

5410. Audit Investigative Process. 3 hours. The complete cycle of the investigative process known as auditing is covered from evaluation of the business, through study and evaluation of internal control, to corroborative evidence on the details of account
balances. Topics include flow-charting, testing planning, use of statistical sampling, computer controls and management audits. Actual experience is gained through an extended case where an audit is performed by student teams. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 4400, 5110 and 5120 (3110, 3120, 3270); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430); MSCI 5010 (3700, 3710).

5430. Auditing Special Problems. 3 hours. A course reserved for in-depth study of particular problems in auditing. The topics change to cope with the dynamic nature of the profession. Specific topics can be offered on a part-semester or semester basis. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 4400, 5110 and 5120 (3110, 3120, 3270), and 5410; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430); MSCI 5010 (3700, 3710).

5440. EDP Control and Auditing. 3 hours. The use of the computer to process transactions imposes a new environment and a new set of problems for the auditors, independent and internal. Controls and audit techniques to evaluate these controls are emphasized. The use of the computer as an audit tool is introduced through actual operation of Generalized Audit Software such as is currently used in practice. Additional topics covered include computer fraud, security measures and controls in advanced on-line, teleprocessing systems. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 4400, 5110 and 5120 (3110, 3120, 3270), and 5410; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430); MSCI 5010 (3700, 3710).

5450. Seminar in Internal Auditing. 3 hours. A study of the theory and practice of internal auditing. The course examines the difference between internal and external auditing, focusing on such issues as independence, audit scope, reporting and human relations. Specific internal audit topics include operational auditing, audit administration, planning and supervision, and internal audit reporting. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 4400, 5110 and 5120 (3110, 3120, 3270); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430); MSCI 5010 (3700, 3710).

5470. Auditing Advanced Theory. 3 hours. A conceptual approach to the auditing process, stressing the interrelations of objectives, standards, techniques and procedures. Current topics, including significant legal cases, are included. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 4400, 5110 and 5120 (3110, 3120, 3270), and 5410; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430); MSCI 5010 (3700, 3710).

5520. Government and Other Non-Profit Accounting. 3 hours. Critically examines current issues in financial accounting, management control and auditing for government and other non-profit organizations. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430); MSCI 5010 (3700, 3710).

5630. Accounting Systems and Controls. 3 hours. A comprehensive study of computerized managerial accounting systems. Major topics include: role of accounting systems in managerial planning and control (decision making), application of computers in accounting systems, role of the managerial accountant in technology management. Prerequisite(s): ACCT 5020 (2020-2030); ACCT 3270, 4100; ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610).

5710. Petroleum Accounting. 3 hours. An introduction to the oil and gas industry and the specialized financial accounting procedures associated with the industry. Areas emphasized include exploration, leasing, drilling, producing, amortization conveyances, joint interests, unitizations, carried interests, and partnerships and special gas contracts. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430); MSCI 5010 (3700, 3710).

5760. Oil and Gas Taxation. 3 hours. A survey of federal tax laws affecting the oil and gas industry. Exploration; drilling, development and leasing; conveyances; depletion and amortization; the Windfall Profit Tax. Prerequisite(s): ACCT 5020 (2020, 2030), 4100, 5110 and 5120 (3110, 3120, 3270), 5300 (4300); ECON 5000 (1100, 1110); MATH 1190; BCIS 5090 (2610, 3610); BLAW 5050 (3430); MSCI 5010 (3700, 3710).

5800. Internship. 3 hours each. A supervised productive and educationally meaningful work experience in a job related to the student's career objective. Prerequisite(s): meet employer's requirements and have consent of department chair. May be taken as a free elective. Pass/no pass only.

5900-5910. Special Problems. 1-3 hours each. Open to students who are capable of developing a problem independently. Problem chosen by the student and developed through conferences and activities under the direction of the instructor. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

6010. Seminar on Market-Based Research and Positive Accounting Theory. 3 hours. Critically examines the current literature on capital-market-based research in accounting and positive accounting theory. Prerequisite(s): doctoral status and consent of instructor.

6190. Seminar on Theory Development and Theory Formulation. 3 hours. Explores theory formulation and development in disciplines related to accounting; evaluates the ontological, epistemological and methodological structure of contemporary accounting research and critically examines the adequacy of contemporary research from a historical perspective. Prerequisite(s): doctoral status and consent of instructor.

6290. Seminar on Behavioral Research in Accounting. 3 hours. Critically examines behavioral theories as well as methods and their application to accounting research. The course draws on
cognitive psychology and accounting literature. Prerequisite(s): doctoral status and consent of instructor.

6900-6910. Special Problems. 1-3 hours each. Research by doctoral students in fields of special interest. Includes project research studies and intensive reading programs, accompanied by conferences with professors in fields involved. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

6940. Individual Research. Variable credit. Individual research for the doctoral candidate. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

6950. Doctoral Dissertation. 3, 6 or 9 hours. To be scheduled only with consent of department. 12 hours credit required. No credit assigned until dissertation has been completed and filed with the graduate dean. Doctoral students must maintain continuous enrollment in this course subsequent to passing qualifying examination for admission to candidacy. May be repeated for credit. Prerequisite(s): approved applications for special problems/independent research/dissertation credit must be submitted to the COBA Student Advising Office prior to registration.

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