Accounting

AC 500. INTERNSHIP IN ACCOUNTING 1-4 HRS. (Prerequisites, completion of 21 hours of accounting. A 3.0 in accounting courses and overall GPA. Senior standing.) Qualified students work full-time for public accounting firms, businesses or governmental agencies gaining valuable experience. Work progress is coordinated through visitation, discussion, and writings.

AC 503. MANAGERIAL ACCOUNTING II 3 HRS. (Prerequisites, AC 233 and BU 255.) This course uses accounting information to develop models primarily for short-term decision making, utilizing computer spreadsheets. Attention is given to the appropriate communication of decision-relative information. Topics include cost management, the theory of constraints, linear programming, decentralization and transfer pricing, budgeting and project implementation management.

AC 505. SPECIAL TOPICS IN ACCOUNTING 1-5 HRS. A course for the study of special topics and experimental course offerings in the accounting program. 1 22 505 0 0602 01

AC 523. FEDERAL INCOME TAX ACCOUNTING II 3 HRS. (Prerequisite, AC 423.) Advanced study of taxation as it applies to sole proprietorships, C and S Corporations, partnerships, limited liability entities, and fiduciaries including the tax implications of forming, operating, and dissolving such entities. Also covers advanced topics such as financial tax accounting concepts, employee compensation, related party transactions, and tax planning.

AC 563. ADVANCED FINANCIAL ACCOUNTING 3 HRS. (Prerequisites: AC 313 or concurrent enrollment with AC 313.) This course covers the financial accounting topics of business combinations; international accounting transactions and translations; and fund accounting. Other special topics are included to meet current business requirements.

AC 805. SPECIAL TOPICS IN ACCOUNTING 1-3 HRS. (Prerequisite, permission of instructor.) This course is for the study of various special topics and experimental course offerings at the graduate level by the accounting program. 1 22 805 0 0602 01

AC 820.  CORPORATIONS AND SHAREHOLDERS  3 HRS.

(Prerequisite, AC423.)  This course is designed to provide a thorough understanding of corporate taxation.  The course provides an in-depth look at corporate redemptions, liquidations, and reorganizations.  The tax consequences of transactions, for both the corporation and its shareholders, will be highlighted. The course extends students’ understanding of corporate tax returns.

AC 821.   FEDERAL TAX RESEARCH   3 HRS.(Prerequisite, AC423.)  This course in federal taxation is designed to introduce students to the discipline of federal tax research and planning.  It is a hands-on research class.  The goal of this course is to assist students in building mastery of the Internal Revenue Code, Regulations, Rulings, and Procedures.

AC 830.   FRAUD EXAMINATION 3 HRS.

(Prerequisite, AC304.)  This course is a study of concepts of fraud examination and forensic accounting related fraud, asset theft and financial statement misstatements.  Topics covered include: the nature of fraud, fraud prevention, detection methods, investigation procedure, and types of fraud.

AC 833. ADVANCED AUDITING 3 HRS. (Prerequisite, AC 413.) Study of how an external audit is performed by a team of auditors. This includes the documentation, testing and evaluation of internal controls, and the design and implementation of corroborative substantive tests. In addition to external auditing, other topics include governmental, internal, and operational auditing as well as issues of current interest in the auditing literature.

AC 840.  ADVANCED MANAGEMENT ACCOUNTING 3 HRS.  (Prerequisite, AC 233 and BU 255.)  This course deals with advanced management accounting issues.  Topics covered include:  cost behavior, activity-based costing, budgeting, pricing, strategic cost management, activity-based management, the Balanced Scorecard, quality cost management, environmental cost management, capital inveestment, inventory management, and ethical control.

AC 843. ACCOUNTING INFORMATION FOR MANAGEMENT 3 HRS. (Prerequisite, background in Accounting (Financial and Managerial.) The case method is used for comprehensive review of financial and managerial accounting from a user's perspective. Topics include financial statement preparation and analysis, cash management, product costing, decision analysis, operational budgeting, capital budgeting, and management control systems. Computer spreadsheets are developed, and communication skills emphasized.

AC 850.  INTERNATIONAL ACCOUNTING 3 HRS.  (Prerequisite, AC 233.)  The objective is to understand international accounting issues from a strategic decision point of view and to practice problems with an ERP system in an international setting.

AC 853. ACCOUNTING THEORY 3 HRS. (Prerequisite, AC 313 or equivalent and 15 hours of accounting.) This course examines the conceptual basis of generally accepted accounting principles within the context of policy setting and the economics of financial reporting regulation. The course will discuss the theoretical rationale for the treatment of elements of the financial statements.

AC 860.  ADVANCED ACCOUNTING INFORMATION SYSTEMS 3 HRS.  (Prerequisite, AC 353.)  This course is an advanced accounting systems class and seeks to examine the linkages between information systems and accounting and to prepare students to be a trusted business advisor.  The course provides an overview of how to understand, analyze, and control computerized information systems.

Last Updated March 5, 2009