Accounting and Information Systems
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22:010:502
Accounting for Managers (3)
An introduction to financial statement analysis that builds on the fundamentals of accounting, including understanding the accounting equation and its application in building the balance sheet, the income statement, and the statement of cash flows. Basic accounting concepts, accounting principles, and the audit report are presented. Students work in teams to analyze corporate financial statements. The relationship of economic value to accounting measurement is explored together with factors influencing management choices among competing valuation principles. Theory is applied to the valuation of the asset, liability, and owners' equity accounts. Emphasizes the heavy reliance on estimates in constructing financial statements and how management can use such estimates to strategically manage its reporting responsibilities.
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22:010:512
Ethical Issues in Public Financial Management (3)
The objective of this course is to expose students to a broad range of ethical issues that they can expect to encounter as government financial managers. Students will learn to recognize and handle with confidence the ethical aspects of public financial management. This course examines the ethical issues facing policymakers and public administrators, including deception and disclosure, the privacy of public officials, corruption, civil disobedience, whistle-blowing, and the ethics of policy analysis. Also examines issues of distributive justice as they arise in budgeting for health and employment needs. Case studies are used extensively.
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22:010:525
Government Budgeting Systems (3)
A framework within which to understand the budget concepts and processes used by American governments and their administrative units. Provides skills in budgetary analysis and budget management in the public sector including nonprofits, considered through a variety of case studies.
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22:010:551
Governmental and Not-for-Profit Auditing (3)
This course examines the basic principles of fund accounting under
Generally Accepted Accounting Principles (GAAP). It emphasizes the new
government financial reporting model promulgated by GASB No. 34 and
modified or clarified by GASB's subsequent pronouncements. The course
also provides an introduction to public sector auditing by examining the
U.S. General Accounting Office's (GAO's) Government Auditing Standards.
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22:010:577
Accounting for Managers (3)
An introduction to financial statement analysis which builds on the fundamentals of accounting, including understanding the accounting equation and its application in building the balance sheet, the income statement, and the statement of cash flows. Basic accounting concepts, accounting principles, and the audit report are presented. Students work in teams to analyze corporate financial statements. The relationship of economic value to accounting measurement is explored together with factors influencing management choices among competing valuation principles. Theory is applied to the valuation of the asset, liability, and owners' equity accounts. Emphasizes the heavy reliance on estimates in constructing financial statements and how management can use such estimates to strategically manage its reporting responsibilities.
This course is waived for accounting majors. Students may also waive this course if they have already taken Principles of Accounting or an equivalent course at the undergraduate level. An approved elective can be substituted for this course.
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22:010:578
Public Financial Management (3)
Survey major activities that concern the allocation, investment, and control of public funds. Activities include financial analysis, cash and pension fund investing, accounting, auditing, financial reporting; budgeting and revenues are also covered in the context of fiscal policymaking.
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22:010:583
Financial Accounting (3)
Introduces the basic concepts of financial and managerial accounting. Considerable stress is placed upon conceptual foundations, which are essential to accounting as an information system for management. Major topics include the accounting process, income determination, financial reporting, foundations of managerial accounting, operations planning and control, and performance evaluation.
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22:010:603
Income Taxation (3)
Enables students to recognize and understand the impact of taxation as a major factor for both individual and business planning. Covers sources of federal tax law, the concept of income realization and recognition, timing of income recognition, timing and possibility of income tax deductions, tax accounting methods, and reporting periods.
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22:010:604
Design and Development of Information Systems (3)
Examines the conceptual issues in cost and value of information, structures of information systems, and modern technologies in information processing. Not intended for data processing professionals. Intended for students who come into contact with decisions related to the identification of needs and production of information for managerial decisions.
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22:010:605
Corporate Income Taxation (3)
Provides students with a broad study of federal business income taxation, with particular emphasis on the alternative forms of doing business proprietorships, partnerships, S Corporations, and C Corporations. Discussion of rules affecting regular taxation of corporations; topics relating to the life cycle of corporations, including organization, financial and capital structure, distributions and stock redemptions, corporate separations (including partial liquidations), dissolution and liquidation; and general discussion of the rules regarding consolidated returns, and the taxation of multistate and international income.
Prerequisite: 22:010:603.
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22:010:607
Management Control in Nonprofit Organizations (3)
Presents the most common accounting and control programs in nonprofit organizations. The course is heavily case oriented in order to get students to consider accounting and control problems in specific nonprofit organizations, including hospitals, governmental units, colleges and universities, and federal and state agencies.
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22:010:609
Advanced Design and Development of Information Systems (3)
This course focuses on the management of information systems (IS) technology. Addresses emerging issues in IS related to strategic planning, technology assessment, operational activities, and security control. Particular emphasis on the management of IS development and the development and integration of internet technology into an enterprise wide system. Geographic information systems, decision support systems, and expert systems are some of the advanced topics covered. The challenges in the public sector from the use of newer technologies and the impacts on both financial and nonfinancial applications and work processes will also be reviewed.
Prerequisite: 22:010:604.
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22:010:615
Partnership Taxation (3)
Special attention is given to all aspects of partnership taxation.
Subjects include partnership formation and liquidation; special
allocations; basis adjustments for operating items; and deductions,
losses, and credits to partners. Research into difficult partnership
issues is also stressed.
Prerequisite: 22:010:603.
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22:010:616
Tax Practices and Procedures (3)
Focus is on tax principles (law, regulation, and other
authority) including use of tax research sources; administrative and
statutory procedures and limitations, including court appeals; taxpayer
and practitioner penalties and responsibilities; and professional ethics
for the tax practitioner.
Prerequisite: 22:010:603.
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22:010:618
Advanced Corporate Taxation (3)
Involves extensive research into complex corporate taxation issues and in particular tax-free reorganizations. The specific topics of
interest change with each trimester with the attempt to have students address the most current issues.
Prerequisite: 22:010:603.
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22:010:619
Federal Income Taxation of Trusts and Estates (3)
Reviews how the Internal Revenue Code taxes income earned by trusts and estates and how this system of taxation has features in common with the taxation of conduit entities such as a partnership and the taxation of entities such as a C corporation. Will also examine the tax attributes of grantor and charitable trusts.
Prerequisite: 22:010:603.
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22:010:620
State and Local Tax (3)
Analysis into how states impose taxes on individuals and business
entities, the nature of these taxes, and the repercussions that stem
from multistate operations.
Prerequisite: 22:010:603.
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22:010:625
Tax-Exempt Entities (3)
Covers the taxation of tax-exempt entities, including the taxation of
unrelated business income. It will detail how entities qualify for
tax-exempt status and what they need to do to maintain their status as
such.
Prerequisite: 22:010:603.
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22:010:626
Federal Estate and Gift Taxation (3)
Covers factors affecting gratuitous transfers of property during lifetime and at death, together with reporting requirements for gifts, property subject to estate taxation, and income tax reporting requirements for trusts and estates. Also explores the planning opportunities available to minimize taxation.
Prerequisite: 22:010:603.
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22:010:627
Pension and Profit-Sharing Plans (3)
Surveys all the possible ways the Internal Revenue Code permits
taxpayers to plan for their retirement in ways that are most tax
efficacious. Also examines how employers compensate their employees in
ways that may defer tax, employing the use, for example, of qualified
and nonqualified stock options plans.
Prerequisite: 22:010:603.
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22:010:629
International Tax I (3)
Survey course that examines the tax repercussions that stem from U.S. persons and entities doing business overseas and,
alternatively, the tax repercussions that stem from overseas businesses doing business in the United States.
Prerequisite: 22:010:603.
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22:010:630
Advanced Tax Research (3)
Covers the tax research environment including rules and ethics in tax practice. Emphasis is on learning how to research tax problems by locating, understanding, and analyzing source materials such as the Internal Revenue Code, IRS regulations, and court cases.
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22:010:631
International Tax II (3)
Survey course that examines the tax repercussions that stem from U.S. persons and entities doing business overseas, with a particular focus on the foreign tax credit.
Prerequisite: 22:010:629.
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22:010:648
Decoding of Corporate Financial Communications (3)
Interpretation and in-depth analysis of reported financial data. The
role of taxes and tax disclosures will be included in the class
discussions. Some aspects of valuation will be discussed. Issues include
reported numbers making sense; reporting choices made by the
preparer/firm when other choices under GAAP are available; strategy of
firms in their choice of financial information disclosures; comparison
of financial information within and across industries; projection of key
information variables like earnings or cash flows into the future;
financial reporting information used to gauge the riskiness of firms;
prediction of the probability of bankruptcy using financial data.
Prerequisites: Accounting for Managers (22:010:502 (FT)/22:010:577 (PT)), Financial Management (22:390:522 (FT)/22:390:587 (PT)), and Financial Statement Analysis (22:390:613).
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22:010:649
Taxation of Financial Instruments (3)
Examines in depth the major instruments of financial accounting and
their use by arts managers to assure effective planning and controls.
Students will work on actual financial materials from a local nonprofit
and will become familiar with software used by such organizations today.
Budgeting, government, and legal requirements will also be covered.
Prerequisite: 22:010:603.
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22:010:654
Public Sector Auditing (3)
Provides students with an in-depth understanding of the concepts associated with the types of audits found in a public sector environment. An objective of this course is to enable the student to understand and have a working knowledge of the theory of the audit process and its practical applications. It examines various government auditing standards promulgated by the Comptroller General of the United States. Auditing standards and procedures are studied for financial and compliance audits, as well as for economy and efficiency audits. The role of performance auditing in governmental and nonprofit organizations is also covered. Case studies are used extensively.
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22:010:657
Tax Accounting (3)
The focus of this course is on the rules affecting timing of income and
deductions for tax purposes. Cash and accrual accounting methods are
examined on an overall basis and with respect to individual items of
income and deductions. Rules for changing accounting methods and
changing accounting periods are also examined as well as issues
pertaining to original issue discount.
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22:010:660
Accounting for the Digital Era (3)
Explores the evolution of accounting information to the digital economy. It examines the migration to a real-time economy, the electronization of business, and the globalization of business. The student gains an awareness of the future of accounting, reporting, and auditing in the digital age. Technologies and the Sarbanes-Oxley Act provide an understanding about future methodologies that address compliance with the act.
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22:010:661
Contemporary Issues in Corporate Governance (3)
An introduction to the corporate governance mechanism, focusing on accounting issues of corporate governance. Considerable examination of internal controls and monitoring by independent auditors, which have been emphasized by the Sarbanes-Oxley Act. Other topics include earnings management, transparency and timeliness of financial disclosures, and the role of independent corporate boards, including independent audit committees in ensuring reliability of financial disclosures. Evaluates the role played by institutional investors, ownership structure, and managerial compensation in the firm's operating performance and valuation.
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22:010:667
Consolidated Returns (3)
Provides in-depth coverage of the federal consolidated group regulations. Emphasis placed on consolidated issues arising from acquisitions and dispositions of members, including the ramifications of section 338 and section 338(h)(10) elections. Additional topics covered include affiliated group status, intercompany transactions, limitations pertaining to the use of net operating loss carryovers and other tax attributes, stock basis calculations, the loss disallowance rules relating to dispositions, unique elections available to consolidated groups, and consolidated group tax planning opportunities.
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22:835:501
Intermediate Accounting I (3)
Designed for both accounting and finance majors, this course combines a
study of the theory, rationale, and objectives of corporate financial
reporting with an examination of current reporting principles. The aim
is to develop a realistic understanding of the strengths and weaknesses
of corporate financial reporting, particularly from the viewpoint of the
consumer of such financial information. Emphasis is placed on the
analysis and understanding of publicly available financial information,
rather than on the mechanics of construction of financial statements.
Nevertheless, there is still a great deal of mechanics and problem
solving in this course.
Prerequisite: 22:010:651.
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22:835:502
Intermediate Accounting II (3)
Discusses many of the problems in financial accounting theory and practice. Instills an appreciation for the challenges and limitations of
accounting. Prepares students for advanced study, professional examinations, and successful pursuit of accounting careers. Covers
current and long-term liabilities, stockholders' equity, dilutive securities, investments, accounting for income taxes, pension costs and
leases, and accounting changes and error analysis. Refers to pronouncements of the Accounting Principles Board and the Financial
Accounting Standards Board.
Prerequisite: 22:835:501.
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22:835:504
Information Technology in the Digital Era (4)
Information Technology in the Digital Era is a survey of the use and management of information technology in accounting and business. Students will acquire a basic familiarity with information technology, including database technology, telecommunications, the internet, usage of technology in the accounting profession, basics of risk management, and applications to marketing. They will also study the dynamics of the information technology industry.
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22:835:510
Business Law I (2)
Introduces the legal system and the way in which the law interacts with the accountant's function. Provides a basic understanding of the principles of law most commonly related to the practice of accountancy. Stimulates an awareness of the law as an expression of basic social, political, and economic forces. Covers the law in relation to contracts, agencies, and sales of goods.
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22:835:511
Business Law II (2)
Completes the academic requirements necessary to sit for the commercial law part of the C.P.A. exam. Covers the law in relation to commercial paper, secured transactions, business organizations, and
government regulation.
Prerequisite: 22:835:510.
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22:835:603
Income Taxation (3)
Enables students to recognize and understand the impact of taxation as a
major factor for both individual and business planning. Covers sources
of federal tax law, the concept of income realization and recognition,
timing of income recognition, timing and possibility of income tax
deductions, tax accounting methods, and reporting periods.
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22:835:604
Auditing Concepts (3)
Examines the principles and components governing management information systems with strong emphasis on the importance of internal control within the system. Illustrates the role of the computer in accounting and general information systems and accounting transactions processing, environment of information systems, designing new system controls, flow charting, management, designing computer-oriented controls, systems analysis, design, implementation, and follow-up principles of systems design and standards of internal control.
Prerequisite: Core course for management M.B.A. students and 22:835:501 for professional accounting M.B.A. students.
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22:835:605
Corporate Taxation (3)
Provides a broad study of federal business income taxation, with particular emphasis on the alternative forms of doing business (proprietorships, partnerships, S Corporations, C Corporations); discussion of rules affecting regular taxation of corporations; topics relating to the life cycle of corporations, including organization, financing, and capital structure, distributions and stock redemptions, corporate separations (including partial liquidations), dissolution and liquidation; and general discussion of the rules regarding consolidated returns and the taxation of multistate and international income.
Prerequisite: 22:835:603 or 22:010:603.
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22:835:625
Advanced Financial Accounting (3)
Concerned with an in-depth study of the theoretical and practical problems of accounting for partnerships, business combinations, and
nonbusiness organizations, including governmental fiduciaries.
Prerequisite: 22:835:502.
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22:835:626
Advanced Auditing and Accounting Information Systems (3)
Studies how the accounting system, the independent auditor's examination of the accounting system, and other supporting evidence serve as a basis for the auditor's expression of an opinion on a
client's financial statements. Studies audit methodology through the conceptual framework within which specific programs are designed.
Considers both professional and technical aspects. Covers professional ethics, internal control evaluation, evidence gathering, statistical
sampling, auditing and EDP, operations auditing, internal auditing, and audit reports.
Prerequisites: 22:835:501 and 502.
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22:835:627
Managerial and Cost Accounting (3)
Covers the problems of generating and utilizing cost data for the dual purpose of managerial control and product costing. Cost accounting principles and procedures are studied in relation to the accumulation and reporting of material, labor, and variable and fixed overhead costs. Actual, normal, and standard cost systems are examined in both a job order and process manufacturing setting. Cost control, cost planning, and cost analysis as used in assisting the managerial function are studied.
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22:835:628
Advanced Accounting Research (3)
Devoted to the analysis of current financial reporting issues. Students will be required to participate in policy analysis and its
application.
Prerequisite: 22:835:625.
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22:835:639
Research Seminar (1)
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26:010:651
Accounting Theory I (3)
Analysis of selected major concepts and issues in financial accounting theory and practice and their managerial implications. Topics include methodological issues.
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26:010:652
Accounting Theory II (3)
Topics include activity-based costing and management, agency theory, budgetary control systems, behavioral research in management accounting, compensation and incentive systems, efficiency and productivity measurement, decentralized performance evaluation systems, and quality control and measurement issues.
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26:010:653
Current Topics in Auditing (3)
Advanced review of auditing literature covering both internal and external auditing. Topics include development of modern auditing theory, disclosure problems, principles of managerial control, and operational auditing.
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26:010:680
Accounting Theory III (3)
Discussion and review of selected topics in accounting research implementation and empirical testing in major fields of accounting.
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