MAC Course Descriptions

ACCT 621 – Advanced Accounting I
Fall; 3 credit hours
This course covers advanced accounting topics, such as accounting for derivatives and cash flow and fair value hedge accounting. Students also examine foreign currency transactions and currency hedging, translation of foreign currency financial statements and partnership accounting. Students are required to complete regular assignments in the accounting lab.
Prerequisites: Accounting 314 or consent of instructor

ACCT 622 – Advanced Accounting II
Spring; 3 credit hours
This course serves as a study of the accounting for business combinations and consolidated financial statements.   Students also examine accounting for governmental and non-for-profit entities. Students are required to complete regular assignments in the accounting lab.
Prerequisites: Accounting 314 or consent of instructor

ACCT 628 – Modeling of Advanced Tax Issues
Fall; 3 credit hours
This course covers advanced issues of federal taxation for individuals and business entities. Students seek to model key tax relationships for tax planning and tax compliance. Students are required to complete regular assignments in the accounting lab.
Prerequisites: Accounting 427 or equivalent

ACCT 629 – Advanced Taxation of Business & Property
Fall; 3 credit hours
In this course, students examine federal income taxation of corporations, partnerships and S corporations related to formation, operation, distributions and liquidation. Additional topics from income taxation of property are covered, and selected other topics from tax compliance and tax research may also be covered. Students are required to complete regular assignments in the accounting lab.
Prerequisites: Accounting 427 or equivalent

ACCT 631 – Advanced Auditing
Spring; 3 credit hours
This study of advanced auditing issues includes legal liability, professional ethics, attest function, assurance and other accounting services, licensing and disciplinary actions, internal controls, sufficient and competent audit evidence and information systems.
Prerequisites: Accounting 431 or equivalent

ACCT 641 – Financial Accounting Concepts, Analysis and Valuation
Spring, 3 credit hours
This course examines financial accounting concepts from a financial statement analysis and valuation perspective. Fair value methods are developed and contrasted with historical accounting. and a variety of companies and industries are examined. Selected connections between accounting and microeconomics and business strategy may also be covered. Students are required to complete regular assignments in the accounting lab.
Prerequisites: Accounting 421 or 621 or consent of instructor

ACCT 651 – Advanced Managerial Accounting
Fall; 3 credit hours
This course covers concepts and techniques impacting the business and regulatory environment. Topics include internal control and enterprise risk management; cost measurements and performance techniques for special situations; project management; ethics, professional, and legal responsibilities and risks and controls related to accounting information systems and communications.
Prerequisites: Accounting 314 and 431 or consent of instructor

ACCT 652 – Financial Institutions and Management
Spring; 3 credit hours
This course covers financial institutions instruments and analysis relevant to corporate financial management. Valuation and analysis of debt instruments are also covered.  A variety of financial intermediaries and corporate financial structures may be examined; topics are selected from macro and monetary economics.  Students are required to complete regular assignments in the accounting lab.
Prerequisites: Accounting 314 or consent of instructor

ACCT 688 – Financial Reporting Methods
This course combines a conceptual and rules-based review of financial reporting standards.  It is meant to serve as a capstone course to integrate and apply financial accounting concepts and rules to a variety of settings.  Issues or readings from the earnings management or accounting theory literature may also be selected.
Credit: 3 hours (Summer)

ACCT 690 – Accounting Research
Summer; 3 credit hours
The course develops research skill through a series of online research activities. Topics are drawn from problems or exercises in financial accounting, tax, and auditing. This is a self-paced course.
Prerequisites: Accounting 314, 427, 431 or consent of instructor