ACCOUNTING (WH) {ACCT}
099. Supervised Study. (C) Prerequisite(s): Senior standing and 3.4 average in major related subjects. Intensive reading and study with some research under the direction of a faculty
member. Approval from the department Chair must be obtained
before registration.
L/R 101. (ACCT620) Principles of Accounting I. (C) This course is an introduction to the basic concepts and standards underlying
financial accounting systems. Several important concepts
will be studied in detail, including: revenue recognition,
inventory, long-lived assets, present value, and long
term liabilities. The course emphasizes the construction
of the basic financial accounting statements - the income
statement, balance sheet, and cash flow statement - as
well as their interpretation.
L/R 102. Principles of Accounting II. (C) The first part of the course presents alternative methods of preparing managerial
accounting information, and the remainder of the course
examines how these methods are used by companies. Managerial
accounting is a company's internal language, and is used
for decision-making, production management, product design
and pricing, and for motivating and evaluating employees.
Unless you understand managerial accounting, you cannot
have a thorough understanding of a company's internal
operations. What you learn in this course will help you
understand the operations of your future employer (and
enable you to be more successful at your job), and help
you understand other companies you encounter in your
role as competitor,consultant, or investor.
201. Financial Accounting I. (A) Prerequisite(s): ACCT 101,102. This course revisits topics covered in Introductory Financial Accounting(Accounting
101), with a focus on the asset side of the balance sheet: Cash, accounts and notes receivable, inventory, marketable
securities, equity investments, PPE, and intangibles. The course also covers revenue and expense recognition
issues, and generally accepted accounting principles that affect the format and presentation of the financial
statements.
202. Financial Accounting II. (B) Prerequisite(s): ACCT 101,102. Covers liabilities and equities, especially long-term debt, convertible securities,
equity issuance, dividends, share repurchases, employee stock options, pensions, leases, deferred tax, and derivative
securities. Related topics covered include computation of diluted earnings per share, disclosure issues, earnings
management, and basic financial statement analysis of cash flows.
203. (ACCT703) Cost Accounting. (B) Prerequisite(s): ACCT 101,102, STAT 101,102 & ECON 001. Deals with the application of statistical tools and decision models to accounting
data for the purpose of facilitating managerial control.
205. (ACCT705) Tax Planning and Administration. (C) Prerequisite(s): ACCT 101,102. Presents an overview of the Federal tax raising system and its impact on the
planning and conduct of business operations. Draws on
the disciplines of business finance, public finance,
and accounting as they relate to taxation.
208. (ACCT718) Auditing. (C) Prerequisite(s): ACCT201,202 or equivalent. This course includes a consideration
of the historical role of the auditor and the changing
role in today's environment, the organization of the
accounting profession, and the new influences of the
Public Company Accounting Oversight Board. It introduces
the students to generally accepted auditing standards,
professional ethics, and legal liability. A conceptual
theory of auditing is discussed and practical examples
of auditing techniques and work programs are used to illustrate the application of the theory. The course also covers the auditor's
reporting standards and uses case studies and professional
journal articles as bases for discussion and analysis.
230. (ACCT730) International Accounting and Financial Reporting. (B) Prerequisite(s): Accounting 101, 201, 202. The objectives of the course are to broaden the students' knowledge
of how generally accepted accounting principles and financial
reporting practices are developed and applied in the
various countries, how the differences in principles
and their application impact on financial statements
and business decisions, and to enhance the students'
ability to think through and resolve international accounting
and financial reporting problems.
Development of international accounting principles (the standard setting process)
and comparative practices are reviewed at the outset
of the course. This is followed by discussion and resolution
of several technical subjects which are used as a vehicle
for further consideration of comparative practices. Inflation
accounting and foreign currency translation, two subjects of importance to international business, are treated.
Subjects of a managerial nature (such as accounting for
hedging transaction losses by using forward contracts,
management control in the foreign environment, analysis
of foreign financial statements, transfer pricing and
international taxation) consume most of the second half
of the course.
242. Financial Statements:Analysis & Reporting Incentives. (C) Prerequisite(s): Acct 101 & Fin. 100. The primary objective of the course
is to advance one's understanding of how financial reporting
is used in a variety of decision making and contracting
contexts (e.g., investment decisions or lending contracts).
The course is designed to improve your ability to extract
and interpret information in financial statements. It
will also enhance your ability to use financial statements
as part of an overall assessment of the firm's strategy
and valuation. The course provides both a framework for
and the tools necessary to analyze financial statements.
At the conceptual level, it emphasizes that preparers
and users of financial statements have different objectives
and incentives.
At the same time, the course is applied and stresses the use of actual financial
statements. It draws heavily on real business problems
and uses cases to illustrate the application of the techniques
and tools.
243. (ACCT743) Accounting for Mergers, Acquistions, and Complex Financial Structures.
(A)Prerequisite(s): Prerequisites: Acct 101, 102, 201, 202. The objective of this
course is to discuss and understand the accounting that
underlies merger, acquisition, and investment activities
among firms that result in complex financial structures.
Key topics include the purchase accounting method for
acquisitions, the equity method for investments, the
preparation and interpretation of consolidated financial
statements, tax implications of mergers and acquisitions,
earnings-per-share considerations, the accounting implications
of intercompany transactions and non-domestic investments,
etc.
297. (ACCT897) Taxes and Business Strategy. (C) Prerequisite(s): ACCT 101 and FNCE 101. The objective of this course is to develop a framework for understanding how
taxes affect business decisions. The key themes of the framework - all parties, all taxes and all costs - are applied
to decision contexts such as investments, compensation, organizational form, and mergers and acquistions. The ultimate
goal is to provide a new approach to thinking about taxes that will be valuable even as laws and governments change.
705. (ACCT205) Tax Planning and Administration. Presents an overview of the Federal tax raising system and its impact on the
planning and conduct of business operations. Draws on
the disciplines of business finance, public finance,
and accounting as they relate to taxation.
799. Independent Study.
896. Applied Financial Strategies and Equity Analysis. This course (i) provides you with a framework for business analysis and valuation
using financial statement data; and (ii) shows you how to apply this framework to a variety of business decisions. The
focus of the course is on understanding fundamental valuation
techniques that are used by investment and hedge fund
managers. The course assumes that you have a good working
knowledge of accounting, finance, economics and business
strategy. The focus is on integrating key concepts from
each of these areas and applying them to financial decision-making.
The course will combine a mixture of lectures, discussions, invited speakers
and group presentations to develop a sophisticated approach
to information. It should be of interest to students
contemplating careers in investment banking (particularly
in equity), security analysis, consulting, public accounting
and corporate finance.
SM 910. Accounting Theory Research. (A) 910/911 Accounting Theory sequence. The course includes an introduction to various
analytical models and modeling/mathematical techniques
that are commonly used in accounting research as well
as related empirical applications.
SM 911. Accounting Theory II. (A) Accounting 910/911 sequence. Course includes an introduction to various analytical
models and modeling/mathematical techniques that are
commonly used in accounting research as well as related
empirical applications.
SM 920. Fundamental Empirical Accounting Research. (B) A fundamentals course that covers empirical research design and provides students
with a perspective on historically important accounting
research.
SM 921. Empirical Research Application I. (B) Topical course on various specific areas such as research on analysts, regulation,
and tax or methodologies such as econometric techniques,
event studies, and the use of survey data.
SM 922. Empirical Research Application II. (B) Empirical topics course in areas such as research on anaylsts, regulation, and
tax or methodologies in econometric techniques, event
studies, or the use of survey data
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