Acc 512 Theory of Financial Accounting I (3)
General theory and concepts of financial accounting and the generally accepted principles as applied to assets and related income items. Exposure to related official financial accounting pronouncements. Prerequisite: 3 credits of Financial Accounting.
Acc 513 Theory of Financial Accounting II (3)
General theory and concepts of financial accounting and the generally accepted principles as applied to liabilities and related income items. Emphasizes official financial accounting pronouncements. Prerequisite: Acc 512 or equivalent.
Acc 514 Theory of Financial Accounting III (3)
General theory and concepts of financial accounting and the generally accepted principles as applied to entities and in respect to financial reporting disclosures. Emphasizes official accounting pronouncements. Prerequisite: Acc 513 or equivalent.
Acc 518 Accounting for Managers (3)
Focuses on understanding financial statements and accounting information and how this information is useful to the manager. Managers must understand cost concepts and how they relate to a variety of environmental and operational variables. Such understanding leads to the ability to analyze profitability and interpret the information supplied by various performance measurement systems. Emphasis is placed on the meaning and value of accounting information to the manager. For MBA students only.
Acc 522 Statistical Methods for Forensic Accounting and Assurance (3)
Exploratory descriptive data analysis using Data Analysis & Mining Software. Basic graphics commands in S-Plus including trellis graphics. Descriptive data exploration and statistical modeling. Data processing for Datamining. Classification: Induction of Decision trees, Association Rules in Large Databases. Multivariate Methods; Clustering and other multivariate statistical methods. Anomaly detection. Prerequisites: Itm 220 or Mat 108 or equivalent.
Acc 531 Introduction to Cost Analysis (3)
Analysis of cost behavior, cost-profit volume analysis, budgeting, standard cost, cost control, and process cost accounting. Not open to students with credit in Acc 331 or equivalent. Prerequisite: Acc 512 or equivalent.
Acc 535 (Pad 535) Fundamentals of Securities Law (3)
This course examines the history, rationales, and structures of securities laws in the United States, focusing mainly on the federal level but touching on issues pertaining to the states. Topics include public requirements governing the issuance of securities; mandatory public disclosures; legal requirements governing corporate mergers and acquisitions; primary and secondary markets for securities; exemptions from full coverage of laws, the reasons for exemptions, and how technology and market changes have affected these exemptions over time; and the basic structure of securities market regulation. Prerequisite: Permission of instructor.
Acc 536 (Pad 536) Regulation of Securities Markets (3)
This course examines the history, organization, and central issues of securities market regulation in the United States. The course discusses the roles of federal and state regulation, self-regulatory organizations, and firms within the regulatory system. Topics include, but are not limited to, the history and main principles of federal securities statutes; examinations and supervision by different levels of the regulatory system; and the relationships among change in financial markets such as financial innovations and regulatory structure and practice. Prerequisite: Permission of instructor.
Acc 540 Survey of Taxation (3)
This course is a comprehensive introduction to the federal income tax system. It provides a conceptual approach to many tax topics and emphasizes the role that income taxes play in the business decision-making process. The course explores the federal tax law as it relates to individuals and businesses and covers the basic gross income rules, the basic deduction rules, and certain property transaction rules.
Acc 541 Income Tax Accounting I (3)
Concepts of taxation and of taxable income. Interpretation and application of present tax laws as they pertain to taxpayers. Tax savings and planning.
Acc 542 Income Taxation of Corporations, Partnerships and Estates, and Trusts (3)
Various dimensions of corporate taxation, and the theory and practice of taxation as applied to partnerships and fiduciaries. Prerequisite: 3 credits of tax accounting.
Acc 551 Fraud Examination (3)
This course will cover the principles and methodology of fraud detection and deterrence. This includes such topics as skimming, cash larceny, billing schemes, check tampering, payroll and expense reimbursement schemes, register disbursement schemes, non-cash asset misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses. Prerequisite: Acc 512.
Acc 552 Financial Statement Fraud and Corporate Governance (3)
Study of corporate governance in relation to financial statement fraud. This course will examne recent major financial statement frauds in the United States and elsewhere in order to gain an understanidng of the failure of corporate governance to prevent them. Prerequisite: Acc 512 or equivalent.
Acc 553 Digital Forensics (3)
The objectives of the course are to learn what are incidents, why they occur, who/what causes them, how to detect them, what are the preventive/protective measures that organizations can take, what to do when they do occur, when do they need to be reported and to whom. We will learn the various types of incidents, what to do in case of each to protect the evidence, prevent gaps in chain of their custody. In particular, we will learn how and what kinds of evidence to obtain, how to prevent evidence from getting lost or destroyed, how to ensure that the evidence is admissible. We also will learn what is evidence, what are different types of evidence, basic rules on collecting, handling, and documenting evidence. Prerequisite: Acc 512.
Acc 561 Auditing (3)
The independent auditor's attest function. Topical coverage includes audit objectives and planning, evidence gathering, internal control (achieving and evaluating) and audit procedures, all set against the backdrop of generally accepted accounting principles and auditing standards. Problems of independence, ethics, and legal liability are introduced. The application of various audit tools is integrated throughout the course. Prerequisite: Acc 512 or equivalent .
Acc 581 Internal Controls and Financial Information Systems (3)
This course addresses the design and evaluation of computer-based accounting information systems with a focus on the recognition and identification of information technology risks. General and application internal controls for information systems environments are examined across client/server, end-user computing, and service bureau internal control environments. Both computerized auditing techniques as well as techniques for auditing computerized systems are analyzed. Risks of emerging technologies and computer-based business models for planning and control are considered.
Acc 611 Contemporary Developments in Accounting Thought (3)
Contemporary accounting theory. Structures accounting thought and interrelates the pronouncements of the AICPA and American Accounting Association with authoritative writings in the journals. Prerequisite: Acc 312 or equivalent.
Acc 615 Financial Statement Analysis (3)
Analysis and interpretation of financial statements, including profitability and ratio analysis, statistical analyses of financial statements, cash flow analysis, accounting-based equity valuation, accounting issues related to firm valuation, earnings quality, earnings management, mergers and acquisitions, intangibles, and international accounting.
Acc 630 Advanced Cost Management (3)
This course focuses on the design of modern cost systems and the use of accounting data for managerial planning, control, strategic decision-making, and costing. Topics covered include activity-based costing/management, kaizen, target costing, quality costing, benchmarking, life cycle costing, the balanced scorecard and new performance measures, business strategy and competitive positioning, the value chain and competitor analysis, and throughput accounting.
Acc 631 Principles of Tax Research (3)
A study of the principles of federal tax research emphasizing the sources of federal tax law, tax research methodology, and practical research projects and case studies using commercial tax research databases. Topics include: basic tax research techniques, statutory, regulatory and judicial sources of the tax law, and secondary tax reference material. Prerequisite: Three credits of tax accounting.
Acc 633 Corporate Taxation (3)
This course provides an overview of various aspects of corporate taxation, including, but not limited to, the following: formation, operation and liquidation of both C and S corporations, and determination of when S election should be made; tax treatment of dividend distributions and redemptions of corporate stock; computation and applicability of alternative minimum tax, accumulated earnings penalty and personal holding company penalty; and introduction to topics of corporate divisions, reorganizations, consolidated returns, and New York State and multistate taxation. Prerequisite: Three credits of tax accounting.
Acc 642 Taxation of Partnerships (3)
Federal income taxation of partnerships: formation, operation, and liquidation. Topics include aggregate versus entity theories of taxation; classification of entities; sharing of partnership liabilities; and partners' tax basis, distributive shares of partnership income, gain, loss, deductions, and credits, and distributions. Prerequisite: 3 credits of tax accounting.
Acc 643 Deferred Compensation and Profit Sharing (3)
Tax considerations of compensation planning for executives and employees of corporations are studied along with recent legislation. Topics covered are pension and profit-sharing plans, termination, liability of fiduciaries, reporting requirements, stock option plans, restricted stock, employee stock ownership plans, deferred compensation arrangements, and salary continuation plans. Prerequisite: Acc 633 or concurrent enrollment.
Acc 644 Taxation of Estates and Trusts (3)
A study of the estate and gift tax system applicable to lifetime and testamentary transfers, as well as generation-skipping transfers (GST), with emphasis on the computation, valuation, and definition of taxable transfers. Problems involved in estate planning and post-mortem questions arising in estate administration are also considered. Prerequisite: 3 credits of tax accounting.
Acc 645 Corporate Taxation II: Reorganization (3)
Covers the scope, nature, and purpose of reorganizations in alternative forms. Topics include parties to reorganization, triangular, reverse triangular and divisive reorganizations, failure to qualify for tax free treatment, carryover of tax attributes (operating losses and earnings and profits, accounting methods) and their limitations, taxable mergers, and other special topics.
Acc 646 State and Interstate Taxation (3)
Review of state taxation concepts, including corporate franchise, personal income, and sales and use tax. Tax jurisdiction and current issues are studied. Apportionment formulas, unitary business test, streamlined sales and use tax act are covered. Prerequisite: Acc 633.
Acc 647 Taxation of Non-Profit Entities (3)
Covers the various categories or organizations which are exempt (or treated for certain purposes as exempt) from federal income tax under Internal Revenue Code 501(c). Exemption for religious, charitable, scientific, educational, labor unions, business leagues, social clubs, and other organizations. Procedures governing the modification or relocation of an organization's exempt status.
Acc 648 Corporate Taxation III: Consolidations (3)
Provides a thorough understanding of the advantages and potential pitfalls of filing consolidated returns. Subjects include reverse acquisitions, consolidated return change of ownership, separate return limitation years (SRLY), deferred intercompany transactions, excess loss accounts, annual investment adjustments, allocation of the consolidated tax liability, and administrative provisions.
Acc 649 International Taxation (3)
Provides a basic understanding of the various facets of international taxation at the individual and corporate levels. The role of treaties is emphasized. Recent tax acts are examined. Topics also include controlled foreign corporations, foreign tax credit rules, and benefits of possession corporations. Prerequisite: Acc 633.
Acc 650 Tax Practice and Procedure (3)
This course provides students with a practical, working knowledge of tax administrative and litigation practice and procedure. It will focus on the duties of the taxpayer, internal processes at the Internal Revenue Service, taxpayer interactions with the IRS leading up to a final determination of taxes owed, the avenues for challenging a final determination and collection practices.
Acc 659 Contemporary Developments in Taxation (1-3)
Various current topics in taxation. May be repeated for credit to a maximum of nine credits. Prerequisite: Acc 631 or consent of instructor.
Acc 661 Auditing of Advanced Accounting Systems (3)
Auditing of modern complex accounting information systems. General & application controls and the design & development of generalized audit software. Auditing of operating systems and database management systems. Privacy & security of data in accounting systems. Audit of on-line systems, management systems. Prerequisite: Acc 681 and Acc 512 or equivalent.
Acc 680 Research Seminar in Accounting (3)
Intensive reading and research on an approved topic of special interest in the student's field of concentration; a comprehensive report and an oral presentation required.
Acc 681 Accounting Information Systems (3)
Transaction cycles and structured analysis & design of accounting information systems. Object-oriented analysis & design of accounting systems with emphasis on internal controls. The course will involve designing & programming of an accounting system using CASE (Computer Aided Software Engineering) tools. Prerequisites: Acc 512 or equivalent.
Acc 682 Analysis & Design of Accounting Databases (3)
Basics of relational database theory in the accounting contest. Semantic modeling of accounting data including the REA model. Use of CASE tools for the analysis, design & documentation of accounting databases. Languages for retrieval of information from accounting databases. Controls in accounting databases. Prerequisites: Acc 681 and Acc 512 or equivalent. Intended to be taken concurrently with Acc 681.
Acc 683 Advanced Topics in Accounting Information Systems (3)
Topics relating to emerging technologies that affect accounting and auditing practice, including topics such as expert systems in accounting & auditing, groupware systems for auditing, retrieval of audit data. Prerequisites: Acc 681 and Acc 682.
Acc 694 Seminar in Tax and Financial Planning (3)
Designed to plan effectively for the tax and financial issues confronting individuals, corporate executives, owners, and others relative to understanding and evaluating tax shelters. Covers security transactions, closely held businesses, lifetime and estate planning, and the advantages and risks associated with tax shelters. Prerequisites: Acc 633 and 642. Completion of Acc 644 recommended.
Acc 695 Independent Study in Accounting (1-3)
The student and instructor jointly develop a plan of independent study on an advanced topic in accounting. The student is usually required to prepare a report or paper. May be repeated for a total of 3 credits. Prerequisite: Permission of instructor and department chairperson.