206. INTRODUCTORY FINANCIAL ACCOUNTING (3). Presentation of accounting as an information discipline. Nature of accounting, basic accounting concepts, financial statements, accrual and cash bases, the accounting cycle, data accumulation with manual and electronic data processing systems, monetary assets, current liabilities, inventories, fixed assets, long-term liabilities, and owner’s equity. Not open to students with credit in ACCY 288. PRQ: Completion of 24 or more semester hours of course work.
207. INTRODUCTORY COST MANAGEMENT (3). Introduction to the study of the information required in management planning and control systems. Theory and application of product costing, operational control, cost allocation, and performance evaluation for manufacturing and service organizations. Topics include standard costing, budgeting, job order costing, and process costing. PRQ: ACCY 206 or equivalent.
288. FUNDAMENTALS OF ACCOUNTING (3). Designed for students who do not expect to become professional accountants, but who need to understand basic accounting concepts and to gain insight into the structure and the operating characteristics of accounting systems. Emphasis on accounting principles, structuring accounting to serve a variety of purposes, and the meaning and limitations of financial statements. Not open to College of Business majors or to students with credit in ACCY 206 and/or ACCY 207.
306. FINANCIAL ACCOUNTING INFORMATION FOR BUSINESS DECISIONS (3). Financial accounting and reporting from the point of view of the user of financial accounting information. Emphasis on the use of financial accounting information in decision making. Not open to accountancy majors. CRQ: UBUS 310.
307. MANAGERIAL ACCOUNTING INFORMATION FOR DECISIONS AND CONTROL (3). Evaluation and analysis of managerial accounting concepts relevant for management planning and control. In-depth analysis of the use of accounting information such as budgets, standard costs, cost-volume-profit data, relevant costs, and product costs in decision making. Not open to accountancy majors. CRQ: UBUS 310.
309. A SURVEY OF INCOME TAXES (3). Introduction to federal income tax provisions, providing an overview of federal income tax developments. Emphasis on taxation of business and individual taxpayers including implications for decision making. Not open to accountancy majors. PRQ: ACCY 207 or ACCY 288.
310A. ACCOUNTING INFORMATION SYSTEMS (3). Examination of organizational accounting information systems that capture information from the major business processes and transaction cycles. Emphasis on how these information systems serve as the basis for the functional areas of accounting and business. Internal controls, information technologies, including databases and reporting methodologies stressed through applied projects and case studies. Must be taken concurrently with ACCY 310S. PRQ: Acceptable score on the Accountancy Qualifying Examination or consent of department. CRQ: UBUS 310.
310S. ACCOUNTING INFORMATION SYSTEMS LABORATORY (1). Basic instruction in skills and techniques necessary to identify, collect, analyze and report accounting information. Must be taken concurrently with ACCY 310A. PRQ: Acceptable score on the Accountancy Qualifying Examination or consent of the department. CRQ: UBUS 310.
319. FUNDAMENTALS OF ACCOUNTING INFORMATION SYSTEMS (1). Intended for students who wish to study internal auditing but are not accountancy majors. An introduction to the accounting systems in organizations that capture information from the major business processes and transaction cycles. Coverage of accounting transaction processing, internal controls, and applications of accounting systems concepts through projects and cases. Not open to accountancy majors or those with credit in ACCY 310A. PRQ: UBUS 310 and OMIS 351, or consent of department.
320. INTERMEDIATE COST MANAGEMENT (3). Continuation of the study of the information required in management planning and control systems. Theory and application of product costing, operational control, cost allocation, and performance evaluation for manufacturing, merchandising, and service organizations. Topics include budgeting, cost management for factory automation and just-in-time environments, activity-based costing, ethics, cost of quality, target costing, and life-cycle costing. PRQ: Acceptable score on the Accountancy Qualifying Examination or consent of department. CRQ: UBUS 310 and ACCY 310A.
331. FINANCIAL REPORTING I (4). Study of accounting theory and practice relating to statement of cash flows, financial statement analysis, foreign currency translation, conceptual framework, revenue recognition, conversion from cash to accrual basis, time value of money, monetary assets, inventories, plant assets, research and development costs, current liabilities, and long-term debt. Use of databases in researching accounting issues and in analyzing and preparing financial statement disclosures. PRQ: ACCY 310A with a grade of C or better. CRQ: UBUS 310.
360. ASSURANCE SERVICES (3). Introduction and investigation of various types of assurance services including auditing, attestation, operational, and compliance services. Practices and procedures of assurance services including planning, assessing risk, testing controls, and obtaining and documenting evidence. Focus on identification and review of business processes and decisions (both financial and nonfinancial), and skills needed to analyze evidence, develop recommendations, and communicate findings. PRQ: ACCY 310A with a grade of C or better and ACCY 320 with a grade of C or better, or consent of department. CRQ: UBUS 310.
370. ACCOUNTING CAREER PLANNING SEMINAR (1). Explores the various career paths available to accountants. Assists in identifying and developing career goals, job search strategies and skills, and interpersonal skills. Activities include self-assessment and career goal planning, resume writing, mock interviews, role-playing, and information interviews. PRQ: Acceptable score on the Accountancy Qualifying Examination or consent of department.
411. ADVANCED ACCOUNTING INFORMATION SYSTEMS (3). In-depth study of advanced accounting information systems and applications. Emphasis on applied topics such as database systems, general ledger systems, e-commerce, and internal control issues. Students may not receive credit for both ACCY 411 and ACCY 611. PRQ: ACCY 310A and ACCY 301S with a grade of C or better and MGMT 346, or consent of department. CRQ: ACCY 360 or consent of department.
421. ADVANCED COST MANAGEMENT (3). Advanced study of the information required in management planning and control systems. Theory and application of product costing, operational control, cost allocation, and performance evaluation for manufacturing and service organizations. Topics include transfer pricing, competitive costing, division performance measurement, regression analysis, statistical quality control, activity-based costing, automation and cost management, target costing, and Japanese cost management. PRQ: ACCY 320 with a grade of C or better and MGMT 346. CRQ: UBUS 311.
432. FINANCIAL REPORTING II (3). Study of financial accounting theory and practice relating to accounting for income taxes, pension and other benefit plans, leases, earnings per share, accounting changes, stockholders’ equity, and investments including equity method; and an introduction to consolidated financial statements. Use of databases in researching accounting issues and in analyzing and preparing financial statement disclosures. PRQ: ACCY 331 with a grade of C or better.
433. FINANCIAL REPORTING III (3). Study of financial accounting theory and practice relating to accounting for business combinations under the purchase and pooling methods, consolidated financial statements, international operations, segment and interim reporting standards, debt restructure, corporate insolvency, partnership accounting, and accounting for specialized industries such as banking, construction, franchising, and real estate. Coverage of SEC reporting standards. Use of databases in researching accounting issues and in analyzing and preparing disclosures. Extensive use of group projects. PRQ: ACCY 432 with a grade of C or better and MGMT 346.
439. CONTEMPORARY ISSUES IN FINANCIAL ACCOUNTING (3). Analysis of present generally accepted accounting principles. Investigation of the historical, economic, and political influences upon accounting principles and the application of these principles in accounting practice. PRQ: 15 semester hours of accounting and at least a B average in accounting above the elementary courses and MGMT 346, or consent of department.
450. TAXATION OF BUSINESS ENTITIES AND INDIVIDUALS (3). Study of basic concepts of federal income taxation related to income, deductions, and property transactions for a broad range of taxpayers applied to the taxation of individuals and business entities, including corporations, partnerships, S corporations, and limited liability companies. PRQ: ACCY 331 with a grade of C or better.
455. INDIVIDUAL TAXATION (3). Study of the basic concepts of federal income taxation as they apply to individuals. Topics include gross income, exclusions, deductions, the taxation of sole proprietors, and computation of gains and losses on the disposition of property. Not available for credit to students with credit in ACCY 309. PRQ: ACCY 331 with a grade of C or better and junior or senior standing.
456. ADVANCED FEDERAL TAXES (3). Study of federal taxes imposed on business entities with emphasis on corporations, partnerships, and S corporations including an overview of tax research techniques. Students may not receive credit for both ACCY 456 and ACCY 644. PRQ: ACCY 455 with a grade of C or better or consent of department.
462. INTERNAL AUDITING (3). Topics include internal audit standards, internal controls, risk assessment, evidence and documentation, and communications. Auditing techniques including sampling and use of systems-based audit techniques. Review of ethics, emerging issues, and industry specific matters. PRQ: ACCY 360 with a grade of C or better and MGMT 346, or consent of department.
465. FORENSIC ACCOUNTING/FRAUD EXAMINATION (3). This course focuses on fraud detection and control from the perspective of public, internal, and private accountants. This course covers areas such as principles and standards for fraud-specific examination; fraud-specific internal control systems; and proactive and reactive investigative techniques. PRQ: ACCY 331 with a grade of C or better, ACCY 360 with a grade of C or better, and MGMT 346, or consent of department.
472. INDEPENDENT STUDY IN ACCOUNTING (1-3). Individually arranged study in accounting. May be repeated once. May not be used as an accountancy elective. PRQ: Senior standing with B average in accounting and consent of department.
473. INTERNSHIP IN ACCOUNTANCY (3). Full-time work during the fall or spring semester, or during the summer, in the accountancy/financial function of a sponsoring organization. Students submit periodic reports to the Department of Accountancy internship coordinator. May be repeated to a maximum of 6 semester hours. PRQ: ACCY 310A, ACCY 310S, ACCY 320, ACCY 331, ACCY 360, ACCY 370 and MGMT 346, junior standing, and consent of department.
475. C.P.A. PROBLEMS I (3). Analysis and review of accounting principles and practices as developed and illustrated in complex selected problems. Discussion of selected problems and theory. Laboratory practice in the solution of typical problems encountered in the C.P.A. examination. PRQ: Senior standing or consent of department.
476. C.P.A. PROBLEMS II (3). Continuation of ACCY 475. Further analysis and review of accounting principles and practices, and the continuation of laboratory practice. CRQ: ACCY 475 or consent of department.
480. GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING (3). Basic introduction to state and local government accounting, federal government accounting, not-for-profit organization accounting; GAO audit standards and the single audit act, and not-for-profit tax issues. PRQ: ACCY 331 with a grade of C or better and MGMT 346.
490. CURRENT TOPICS IN ACCOUNTANCY (1-3). Study of new developments in accountancy including current topics and issues. May be repeated to a maximum of 6 semester hours when topic varies. PRQ: Consent of department.
499H. HONORS DIRECTED RESEARCH IN ACCOUNTANCY (3). Open only to students participating in the University Honors Program or in the Department of Accountancy Honors Program. Individually arranged research in an accountancy topic of the student’s selection which must be approved by the student’s Honors adviser and by the department chair. PRQ: MGMT 346 and consent of department.
505. FINANCIAL ACCOUNTING CONCEPTS (2). Introduction to the nature, uses, and limitations of financial accounting information. Financial accounting concepts presented from the viewpoint of the user. Problems and cases used to emphasize the kinds of financial accounting information relevant for decision making. Open to students with fewer than 6 semester hours in accounting, or by consent of department. A student may not receive credit for both ACCY 206 and ACCY 505.
509. FEDERAL TAXATION: PLANNING AND CONTROL (3). Study of the basic rules of federal income taxation as they relate to the planning and control opportunities that exist in the conduct of business and nonbusiness transactions. Not open to students with credit in either ACCY 309 or ACCY 455. A student must earn a grade of B or better in a financial accounting concepts course completed within the five years immediately prior to enrollment.
510. ACCOUNTING INFORMATION SYSTEMS (3). Handling of accounting data within the modern enterprise with focus on maintaining the integrity of the data as well as developing relevant and reliable accounting information for use in decision making. Emphasis on systems development, internal control, and the use of technology to enhance and improve the flow of accounting information. Projects required in the area of accounting cycles, accounting documentation, and accounting application software. Not available for Phase Two credit in the M.A.S., M.B.A., or M.S.T. programs. A student may not receive credit for both ACCY 310A/ACCY 310S and ACCY 510. A student must earn a grade of C or better in both a financial accounting concepts course and a managerial accounting concepts course prior to enrollment.
521. ADVANCED COST MANAGEMENT (3). Advanced study of the information required in management planning and control systems. Theory and application of product costing, operational control, cost allocation, and performance evaluation for manufacturing and service organizations. Topics include transfer pricing, competitive costing, division performance measurement, regression analysis, statistical quality control, activity-based costing, automation and cost management, target costing, and Japanese cost management. A student may not receive credit for both ACCY 421 and ACCY 521. A student must earn a grade of C or better in an intermediate cost management course prior to enrollment.
531. FINANCIAL REPORTING I (4). In-depth study of financial reporting standards including the contemporary economic and political forces that lead to the development of standards relating to statement of cash flows, financial statement analysis, foreign currency translation, conceptual framework, revenue recognition, conversion from cash to accrual basis, time value of money, monetary assets, inventories, plant assets, research and development costs, current liabilities, and long-term debt. Use of databases in researching accounting issues and in analyzing and preparing financial statement disclosures. Not available for Phase Two credit in the M.A.S., M.B.A., or M.S.T. programs. A student may not receive credit for both ACCY 331 and ACCY 531. A student must earn a grade of C or better in a financial accounting concepts course prior to enrollment.
532. FINANCIAL REPORTING II (3). In-depth study of financial reporting standards including the contemporary economic and political forces that lead to the development of standards relating to accounting for income taxes, pension and other benefit plans, leases, earnings per share, accounting changes, stockholders' equity, and investments including equity method; and an introduction to consolidated financial statements. Use of databases in researching accounting issues and in analyzing and preparing financial statement disclosures. Not available for Phase Two credit in the M.A.S., M.B.A., or M.S.T. programs. A student may not receive credit for both ACCY 432 and ACCY 532. A student must earn a grade of C or better in an intermediate financial reporting I course prior to enrollment.
533. FINANCIAL REPORTING III (3). In-depth study of financial reporting standards including the contemporary economic and political forces that lead to the development of standards relating to business combinations and for consolidated financial statements, for companies operating internationally, for interim financial reporting, and the disclosure standards for disaggregated operations. Study and evaluation of the special accounting and reporting required for entities going through corporate insolvency, including the restructuring and impairment of financial instruments, for partnership forms of business entities, for publicly held companies that must meet SEC reporting standards, and for specialized industrial reporting. Research projects include the use of accounting data and literature bases; electronic bases such as the Internet. Team projects used throughout the course. A student may receive credit for only one of the following: ACCY 433, ACCY 533, or ACCY 633. A student must earn a grade of C or better in an intermediate financial reporting II course prior to enrollment.
550. PRINCIPLES OF TAXATION (3). Study of the principles of federal income taxation with focus on learning taxation concepts related to income, deductions, and property transactions for businesses and individuals. These concepts applied to common transactions and issues encountered by individuals, corporations, partnerships, S corporations, and limited liability companies. Not available for Phase Two credit in the M.A.S., M.B.A., and M.S.T. programs. A student may not receive credit for both ACCY 450 and ACCY 550. A student must earn a grade of C or better in an intermediate financial reporting I course prior to enrollment.
555. INDIVIDUAL TAXATION (3). Comprehensive study of the concepts of federal income taxation and the tax rules that apply to individuals. Examination of the principles that provide the framework for the federal income tax system, including income, deductions, basic business operations, and property transactions. Not available for Phase Two credit in the M.A.S., M.B.A., or M.S.T. programs. A student may not receive credit for both ACCY 455 and ACCY 555. A student must earn a grade of C or better in an intermediate financial reporting I course prior to enrollment.
556. ADVANCED FEDERAL TAXES (3). Study of federal taxes imposed on business entities with emphasis on corporations, partnerships, and S corporations. Also includes an overview of tax research techniques. A student may receive credit for only one of the following: ACCY 456, ACCY 556, ACCY 644, or ACCY 650. A student must earn a grade of C of better in an income tax concepts course prior to enrollment.
557. ACCOUNTING FOR PUBLIC ADMINISTRATION (3). Crosslisted as PSPA 657X. Survey of governmental and other public sector accounting for non-accounting majors. Topics include an introduction to accounting, budgeting, auditing, and financial statement analysis as applied to state and local governments, hospitals, colleges, universities, and other nonprofit organizations. Designed for M.P.A. students, but other graduate students may be admitted with consent of the Division of Public Administration or the Department of Accountancy.
560. ASSURANCE SERVICES (3). Study of the accumulation and evaluation of information and data in order to provide assurance to decision-makers. Overview of the variety of assurance services including auditing, attestation, operational, and compliance services. Practices and procedures of assurance services including planning, assessing risk, testing controls, and obtaining and documenting evidence. Focus on analysis of business processes and decisions (both financial and nonfinancial) and analytical skills needed to evaluate evidence, develop recommendations, and communicate findings. Not available for Phase Two credit in the M.A.S., M.B.A., and M.S.T. programs. A student may not receive credit for both ACCY 360 and ACCY 560. A student must earn a grade of C or better in an accounting information systems course prior to enrollment.
562. INTERNAL AUDITING (3). Topics include internal audit standards, internal controls, risk assessment, evidence and documentation, and communications. Auditing techniques including sampling and use of systems-based audit techniques. Review of ethics, emerging issues, and industry specific matters. A student may not receive credit for both ACCY 462 and ACCY 562. A student must earn a grade of C or better in an assurance services course prior to enrollment.
565. FORENSIC ACCOUNTING/FRAUD EXAMINATION (3). Focus on fraud detection and control from the perspective of public, internal, and private accountants. This course covers areas such as principles and standards for fraud-specific examination; fraud-specific internal control systems; and proactive and reactive investigative techniques. Implications for further research are also considered. A student may not receive credit for both ACCY 465 and ACCY 565. A student must earn a grade of C or better in an intermediate financial reporting I course and an assurance services course prior to enrollment.
580. GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING (3). In-depth study of accounting and financial reporting for the federal government, state and local governments, and not-for-profit organizations. Financial statement oriented approach. Unique aspects of governmental auditing, including GAO Audit Standards and the Single Audit. Unique ethical situations arising in governments. Students may not receive credit for both ACCY 480 and ACCY 580. A student must earn a grade of C or better in an intermediate financial reporting I course prior to enrollment.
604. INDEPENDENT STUDY IN ACCOUNTING (1-3). Open to students qualified to do individual study in accounting. Not for credit on the thesis. May be repeated to a maximum of 6 semester hours. Not available for S/U grading. PRQ: A grade of C or better in a graduate accounting research course, 21 semester hours of accounting, and consent of department.
605. INDEPENDENT STUDY IN TAXATION (1-3). Independent study and writing under supervision of a member of the graduate taxation faculty in an area (or areas) of special interest to students. May be repeated to a maximum of 6 semester hours. Not available for S/U grading. PRQ: A grade of C or better in a graduate tax research course and consent of department.
611. ADVANCED ACCOUNTING INFORMATION SYSTEMS (3). In-depth study of advanced accounting information system concepts and applications with emphasis on impact of database systems and advanced technology in accounting systems. Hands-on individual and small group projects with accounting applications in real-world settings. Students may not receive credit for both ACCY 411 and ACCY 611. A student must earn a grade of C or better in an accounting information systems course prior to enrollment.
622. MANAGERIAL ACCOUNTING INFORMATION SYSTEMS (3). Study of concepts and practice related to management planning and control systems. Examination of systems that integrate financial and managerial accounting information. Emphasis on enterprise resource planning systems and related issues. A student must earn a grade of C or better in an intermediate cost management course and complete 6 semester hours of accountancy course work prior to enrollment.
630. MANAGERIAL ACCOUNTING CONCEPTS (3). Uses of accounting information in interpreting, coordinating, and implementing management's policies, in measuring and evaluating performance, and in tactical and strategic planning for future business activity. Not open to students with more than 9 semester hours of accounting except by consent of department. A student must earn a grade of C or better in a financial accounting concepts course prior to enrollment.
633. ADVANCED FINANCIAL REPORTING (3). Study and evaluation of special accounting and reporting requirements for entities going through business combinations and restructurings, and of financial reporting relating to consolidated entities, international operations, interim financial reporting, and disaggregated disclosures. Analysis of effect of financial instruments and hedging activities on financial statements. Research and team projects requiring use of literature databases and the Internet. A student may receive credit for only one of the following: ACCY 433, ACCY 533, or ACCY 633. A student must earn a grade of C or better in an intermediate financial reporting II course prior to enrollment.
634. FINANCIAL ACCOUNTING THEORY (3). Study of the conceptual and theoretical aspects of financial accounting and the economic environment of accounting. Students analyze the existing conceptual framework of accounting and apply that framework to current significant accounting problems. PRQ: 21 semester hours of accounting or consent of department.
640. FINANCIAL STATEMENTS ANALYSIS (3). Analysis and interpretation of financial reports with particular reference to the construction of statements, the meaning of accounts, ratios, and other evaluating indices. Not available for credit in the M.A.S. program. PRQ: ACCY 630 or consent of department.
644. ADVANCED TAXATION (3). Study of the federal income taxation of business entities. Emphasis on corporations, partnerships, and S corporations and includes an introduction to tax research. A student may receive credit for only one of the following: ACCY 456, ACCY 556, ACCY 644, or ACCY 650. Not available for credit in the M.A.S. taxation track. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
645. PROFESSIONAL TAX RESEARCH (3). Examination of tax research methodologies with emphasis on the legal research methodology. Includes several independent research projects designed to emphasize the evaluation of various tax authorities. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
646. TAX ADMINISTRATION AND PRACTICE (3). Study of the structure, powers, and procedures of the Internal Revenue Service, including the IRS audit process. Examination of rules governing tax practice and professional ethics. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
647. CORPORATE TAXATION (3). Study of federal income taxation of corporations and shareholders with emphasis on transactions between the corporation and its shareholders. Topics include corporate contributions, distributions to shareholders, stock redemptions, corporate liquidations, penalty taxes, and special rules for S corporations. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
648. ADVANCED CORPORATE TAXATION (3). Study of the federal income taxation of corporate reorganizations, including mergers, acquisitions, corporate divisions, carryover of tax attributes, and tax rules concerning consolidated tax returns. PRQ: A grade of C or better in a graduate corporate taxation course or consent of department.
649. PARTNERSHIP TAXATION (3). Study of the federal income taxation of partnerships, with emphasis on the tax laws related to the formation, operation, and liquidation of partnerships. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
650. ADVANCED ISSUES IN TAXATION (3). Continuation of ACCY 450. Study of advanced concepts of federal taxation as it applies to a broad range of taxpayers. Application of advanced concepts of taxation to individuals and business entities including corporations, partnerships, and S corporations. Introduction to international and state tax issues, gift and estate tax, fiduciary tax accounting, and tax issues for not-for-profit organizations. A student may receive credit for only one of the following: ACCY 456, ACCY 556, ACCY 644, ACCY 650. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
651. FEDERAL ESTATE AND GIFT TAXATION (3). Study of the federal estate and gift tax laws with emphasis on tax-planning techniques designed to minimize transfer taxes and ensure the orderly transfer of assets to succeeding generations. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
652. TAXATION OF ESTATES AND TRUSTS (3). Study of federal taxation of income from estates and trusts, and the use of trusts in tax planning to minimize income, estate, and gift taxes. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
654. SPECIAL TAX TOPICS (1-3). Intensive study of selected topics of current interest. May be repeated to a maximum of 6 semester hours when topic varies. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
655. INTERNATIONAL TAXATION (3). Study of U.S. laws that have tax implications for international transactions. Emphasis on U.S. taxation of multinational operations and taxation of foreign persons in the U.S. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
656. TAX CONCEPTS AND PROPERTY TRANSACTIONS (3). Conceptual foundations of the federal income tax system, focusing on key federal tax statutes, regulations, rulings, and cases. Property transactions with emphasis on real estate transactions (e.g., like-kind exchanges, involuntary conversions, installment sales, passive loss rules, and depreciation). A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
657. TAXATION OF COMPENSATION AND BENEFITS (3). Study of tax rules and reporting requirements related to current compensation; fringe benefits; qualified plans, including pension plans, profit-sharing plans, and stock bonus plans; nonqualified deferred compensation; stock options; individual retirement accounts; and retirement plan distributions. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
658. STATE AND LOCAL TAXATION (3). Nature and purpose of state and local taxation including examination of income, property, and excise taxes imposed at the state level. Covers constitutional, jurisdictional, apportionment, multistate, and other issues. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
659. TAX ACCOUNTING METHODS AND PERIODS (3). Timing issues related to federal income taxation including adoption of changes in accounting periods, cash and accrual methods of accounting, and tax consequences of changing accounting methods. Examination of accounting methods on an overall basis along with specific methods (e.g., inventory accounting, installment sales, long-term contracts, and original issue discount/time value of money). Planning techniques integrated throughout course. A student must earn a grade of C or better in an income tax concepts course prior to enrollment.
660. ADVANCED PARTNERSHIP TAXATION (3). Study of advanced topics and planning issues related to federal income taxation of partnerships and partners. Advanced issues related to the operation of and distributions from partnerships; investigation of limited liability companies, section 704(c) allocations, family partnerships, disguised sales, payments to retiring partners, and the use of partnerships by corporations in joint ventures. PRQ: A grade of C or better in a graduate partnership taxation course or consent of department
664. FINANCIAL STATEMENT AUDITING (3).In-depth analysis of financial statement auditing topics with attention to audit theory and professional standards. Topics include professional responsibilities of financial statement auditors, impact of the SEC on auditing, objectives in planning an audit, and preparation of the final audit report. A student must earn a grade of C or better in an intermediate financial reporting I course, an intermediate financial reporting II course, and an assurance services course prior to enrollment.
667. INFORMATION SYSTEMS AUDITING (3). Study of the practical aspects of information systems auditing (ISA). Includes assurance services, internal control assessments, and evidence-gathering activities in advanced accounting information systems. A student must earn a grade of C or better in an assurance services course prior to enrollment.
670. ACCOUNTING RESEARCH (3). Examination of the methods of inquiry and research and development of competence in professional writing. Includes outside readings in those areas and written critiques of selected accounting literature. Major paper required. PRQ: 18 semester hours of accounting or consent of department
673. INTERNSHIP IN ACCOUNTANCY (3). Full-time work during the fall, spring, or summer, in the accountancy/financial function of a sponsoring organization. Students submit periodic reports to the Department of Accountancy internship coordinator. No more than 3 semester hours may be applied to Phase Two requirements. PRQ: Completion of both college and department Phase One requirements and consent of department.
679. SEMINAR IN ACCOUNTING (3). Study of theories, principles, practices, and procedures in all areas of accounting. Independent and group investigation of problems of special interest in the field of accounting. May be repeated to a maximum of 6 semester hours with departmental approval. PRQ: 21 semester hours of accounting or consent of department.
680. ADVANCED GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING (3). Designed for students interested in careers in federal, state, or local governmental units, or in not-for-profit organizations. Internal management of government and not-for-profit organizations, budgeting/financial management, systems applications, internal controls, GNP audit issues, not-for-profit tax issues, and financial statement analysis. A student must earn a grade of C or better in a governmental and not-for-profit accounting course prior to enrollment.
682. INTERNATIONAL ACCOUNTING (3). An examination of the aspects of accounting which apply to multinational business and to practice outside of the United States. Topics included in the course are: patterns of accounting practice in other nations; the promulgation of international accounting standards and the harmonization of standards; accounting problems associated with multinational operations; and a comparison of auditing, corporate governance, and regulation issues around the world. A student must earn a grade of C or better in both an intermediate cost management course and an intermediate financial reporting II course prior to enrollment.
690. ACCOUNTANCY CAPSTONE/FINANCIAL STATEMENT ANALYSIS AND BUSINESS VALUATION (3). Study of the theoretical framework for financial statement analysis and business valuation. Examination of the use of financial statement ratios and other financial information in a valuation context to develop business strategies and to make business decisions. Requires synthesis and integration of knowledge and skills learned throughout M.A.S. program. PRQ: Completion of both college and department Phase One requirements or consent of department.
699. MASTER'S THESIS (1-6). Open to students writing a thesis under the M.A.S., M.S., or M.B.A. program. The student enrolls with the faculty member directing the thesis. May be repeated to a maximum of 6 semester hours.