Accounting

Theory and application of the Federal Internal Revenue Code, regulations, revenue rulings, revenue procedures, and cases to individuals and sole proprietorships. Property transactions are covered together with the topics of gross income, deductions from gross income and losses, itemized deductions, losses, and bad debts, employee expenses and deferred compensation, depreciation, cost recovery (ACRS and MACRS), depletion, amortization and inventory costs, non-taxable exchanges, section 1231 gains and losses, tax credits, and special tax computation methods.

This course prepares students to pass the discipline-specific Business Analysis and Reporting (BAR) section of the CPA exam. Content of the BAR discipline includes data analytics financial risk management and financial planning techniques, as well as advanced technical accounting and reporting topics including assessment of revenue recognition and leases, business combinations, derivatives, and hedge accounting, as well as employee benefit plan financial statements.

This course prepares students to pass the discipline-specific Information Systems and Controls (ISC) section of the CPA exam. Content of the ISC discipline includes Information systems and technology and data governance, internal control testing, and information system security, including network security, software access, and endpoint security.

This course prepares students to pass the discipline-specific Tax Compliance and Planning (TCP) section of the CPA exam. Content of the TCP discipline includes personal financial planning and entity planning, inclusions and exclusions to gross income, and gift taxation compliance and planning. The course also covers more advanced entity tax compliance issues including consolidated tax returns, multijurisdictional tax issues, and transactions between an entity and its owners.

A study of professional ethics, accountants' legal liability, internal control, evidence, reporting, and an introduction to statistical sampling and EDP auditing. Topics include general, fieldwork, reporting standards, and selected statements on auditing standards. An audit case is required.

Enhances management skills through study of values, attitudes and ethical issues in decision making and its human impact on corporate power. Discussions include the ethical stance and social responsibility found in mission statements and corporate strategy.

Use of financial statements to analyze business profitability, liquidity, solvency, and valuation. Analysis focuses on developing and understanding of a company's operating strategies, industry position, and related economic characteristics.

This course provides an in-depth study of advanced accounting principles, financial analysis, and reporting techniques. Topics include consolidated financial statements, foreign currency transactions, segment and interim reporting, and accounting for business combinations.

This applied course challenges students to research, analyze and communicate topics in accounting and/or tax by using qualitative and/or quantitative research methodology. The implications of ethics and laws on tax compliance will also be imparted in this course.

Upon completion of the core requirements, this final course provides each student with an opportunity to demonstrate competency in Accounting. Students will take an external, nationally-normed, final comprehensive accounting assessment. Students will also engage in a final reflection of their Master of Accountancy experience. Students will be assigned a letter grade for this course.