Catalog Version

Winter/Spring/Summer 2014-2015
Catalog update:
October 17, 2014

Access archived catalogs in the Catalog Archive section.​​​​​

Students are required to follow the Academic Handbook and Code of Student Responsibility​​

​Course Requirements

Twelve courses are required to complete the Master of Accountancy degree.  Of the twelve required courses, eight are specifically required and four are selected from among approved electives.  Students may not repeat at the graduate level course material that was completed as part of their undergraduate degree.  Please consult with an academic advisor for clarification.

Students must complete the following eight required courses (32 hrs):

In addition, students must complete four open business electives (16 hrs). Classes outside of business require permission from the faculty program director. Students requesting to take non-business courses are expected to receive approval from the faculty program director prior to enrollment in order to avoid loss of credit.
 
The following classes may not be taken for elective credit: ACC 500, ACC 505, ACC 541, ACC 542, ACC 543, ACC 545, ACC 547, ACC 548, ACC 550, ACC 551, ACC 554, ACC 555, ACC 690, ECO 501, ECO 502, FIN 455, MGT 502 or MGT 504. 

ACC 545, ACC 550 and ACC 551 are approved for credit in the combined Bachelor (BSB)/Master of Accountancy (MACC) program.

Additional Requirements

  1. Satisfactory completion of the eight required courses and four required electives as approved by the faculty program director.
  2. A minimum of 45 earned graduate credit hours applicable to the MACC degree (waived credits are not considered earned hours).
  3. Satisfactory completion of the college residency requirement.
  4. ​All courses taken for credit toward the degree must be completed with satisfactory grades within six calendar years after the candidate's first term of enrollment in the Kellstadt Graduate School of Business.  After a lapse of six years a course is expired.  An expired course is not acceptable for the purpose of satisfaction of degree requirements and is not applicable to the degree without the permission of the faculty program director or the Kellstadt Graduate School of Business.

ACC 610

ACCOUNTING INFORMATION SYSTEMS (CROSS-LISTED AS ACC 535)

Today's businessperson requires a fundamental knowledge of computer-based information systems and their role in accounting functions and financial decision-making. This course will enable the student to interface with accounting systems and to participate in their design and audit. It will focus on the nature and flows of accounting information in organizations, security, internal controls, the use of information technology in accounting information systems and decision-making. NOTE: This is a M.S.A. or a M.ACC course. PREREQUISITE(S): ACC 500 or equivalent
Prerequisites:
ACC 500 is a prerequisite for this class.

ACC 620

ADVANCED AUDITING THEORY (CROSS-LISTED AS ACC 550)

Advanced Topics in Auditing, a companion and sequel to Accounting 547, emphasizes the implementation and application of generally accepted auditing standards to transaction cycles and classes of transactions. It includes the study of sampling techniques used in tests of controls and tests of details, internal control in computer-based systems, and introduces the use of Computer Assisted Audit Tools and Techniques. The role of internal auditors is also covered. NOTE: This is a M.ACC course. PREREQUISITE(S): ACC 547
Prerequisites:
ACC 547 is a prerequisite for this class.

ACC 640

ACCOUNTING THEORY AND POLICY FORMULATION

A study of the process by which accounting policies are formulated. The students are asked to make critical evaluations of basic issues such as income determination and current issues such as FASB agenda items in light of their theoretical, empirical, practical and political aspects. Students are expected to demonstrate an ability to use the accounting research literature. Students should plan to take this capstone course at the end of their degree program. This course is intended to be taken toward the end of the MSA or MACC program.
Prerequisites:
(ACC 542 and ACC 545 and ACC 550) or status as a Graduate Accountancy student are prerequisites for this course.

ACC 545

ADVANCED TOPICS IN ACCOUNTING THEORY

This course is designed to provide comprehensive coverage of the following: consolidations, partnership accounting, foreign operations and not-for-profit accounting. Coverage of the topics emphasizes both theory and practice. Mastery of the material is obtained through problem-solving situations. NOTE: This is a M.S.A. or M.ACC course.
Prerequisites:
ACC 543 is a prerequisite for this class.

ACC 548

TAX TREATMENT OF INDIVIDUALS AND PROPERTY TRANSACTIONS

This course provides detailed coverage of the federal income tax treatment of individual taxpayers. It includes coverage of inclusions, exclusions, deductions, credits, rates of taxation, special tax computations and the tax aspects of property transactions. It also includes tax research. This course is a prerequisite for students in the M.S.T. program not having the equivalent undergraduate coursework in taxation. NOTE: This is a M.S.A. or M.ACC course.
Prerequisites:
ACC 500 and ACC 541 are a prerequisite for this class.

ACC 551

TAX TREATMENT OF CORPORATIONS AND PARTNERSHIPS

This course covers the federal income tax treatment of corporations and partnerships. It includes ethics in tax practice and an exposure to estate and gift taxation. This course is a prerequisite for students in the M.S.T. program not having the equivalent undergraduate coursework in taxation. NOTE: This is a M.S.A. or M.ACC course.
Prerequisites:
ACC 548 is a prerequisite for this class.

ACC 798

SPECIAL TOPICS

Content and format of this course are variable. An in-depth study of current issues in accountancy. Subject matter will be indicated in class schedule. Offered variably.

A&S 491

ADMINISTRATIVE THEORY AND BEHAVIOR

This course concerns theoretical concepts and empirical research relating to administrative behavior in organizations with special reference to educational organizations. Concepts are examined within the typical decisional framework of supervisors, chief school business officers, principles, and superintendents, and similar positions in the helping professions. Assignments are individualized.
Prerequisites:
Status as an Advanced Masters Education student is a prerequisite for this class.

ACC 502

ADVANCED MANAGEMENT ACCOUNTING

Interpretation, analysis and use by management of internal accounting information. Topics include cost management, activity-based costing, inventory management (including just-in-time), cost allocation, performance measurement, analysis and control of non-manufacturing costs, budgeting and financial planning, and capital budgeting. Students are familiarized with quantitative models and approaches used in management accounting. Computers will be used for problem-solving.
Prerequisites:
ACC 542 or ACC 555 is a prerequisite for this class.

ACC 599

GRADUATE SEMINAR IN MANAGEMENT ACCOUNTING

Capstone seminar for M.B.A. students with a concentration in Management Accounting. Attention is directed to the current developments in Management Accounting. Students learn to exercise judgment in the solution of accounting-related problems by drawing upon their integrated and comprehensive body of accounting and related knowledge. This seminar involves extensive reading and research in the literature of management accounting and related disciplines.
Prerequisites:
ACC 502 is a prerequisite for this class.

ACC 552

LEGAL AND ETHICAL ENVIRONMENT OF ACCOUNTING PRACTICE

This course covers the aspects of the legal environment of special concern to accounting practitioners, including: the ethical standards of accounting practice, legal liability of accountants, contract law, property law, tort law, commercial paper, the laws of agency, sales laws, banking, agency, partnerships, corporations, trusts and wills, suretyships, secured transactions, bankruptcy, employment law, securities regulation, antitrust, and public regulation and disclosure laws. NOTE: This course is a M.S.A. course.
Prerequisites:
MS in Taxation students are restricted from registering for this class.

ACC 558

TAX RESEARCH

Tax research methods are taught in the classroom. The course begins with a study of the history of the body of tax law. A 'walk through" technique is employed to give the student firsthand experience in the use of a tax research service. NOTE: This is a MST course.

ACC 580

ACCOUNTING FOR INCOME TAXES

Covers the financial accounting and reporting standards for the effects of income taxes that result from corporate activities. Topics include computation of current and deferred tax expense or benefit, temporary differences, carry-forwards, computation of deferred tax assets and liabilities, valuation allowances, business combinations, investments in subsidiaries and equity method investments, tax allocations, presentation and disclosure, and implementation of accounting for uncertainty in income taxes under FIN 48. This class is open to non MST students with the instructor's permission.
Prerequisites:
Admission to the MST program is a prerequisite for this class.

ACC 550

ADVANCED TOPICS IN AUDITING

Advanced Topics in Auditing, a companion and sequel to Accounting 547, emphasizes the implementation and application of generally accepted auditing standards to transaction cycles and classes of transactions. It includes the study of sampling techniques used in tests of controls and tests of details, internal control in computer-based systems, and introduces the use of Computer Assisted Audit Tools and Techniques. The role of internal auditors is also covered. NOTE: This is a M.S.A. course. Cross-listed with ACC 620.
Prerequisites:
ACC 547 is a prerequisite for this class.

MGT 798

SPECIAL TOPICS

Content and format of this course are variable. An in-depth study of current issues in management.