ACC 600 Financial Statement Analysis I (3 credit hours)
This course examines the basic techniques applied in the analysis of financial statements to evaluate the quality of accounting information. It considers the appropriateness of accounting policies and estimates and discusses possible techniques to undo distortions. Because financial statement analysis is essentially a forward-looking process, it is important to consider issues involved in forecasting future accounting numbers.
ACC 601 Financial Statement Analysis II (3 credit hours)
Prerequisite: ACC 600/equivalent. The course examines contemporary tools and techniques available for analyzing financial statements and other data to derive measurements and relationships that are useful in decision-making. Financial analysis is discussed in detail as a screening tool in the selection of investments or merger candidates, as a method of forecasting future financial and operating results, and as a means of diagnosing managerial, operating, or other problem areas.
ACC 605 Internship in Accounting, Assurance, and Advisory (3 credit hours)
Prerequisite: ACC 623/ACC 628/equivalent. This course provides students with the opportunity to develop accounting, assurance, and advisory skills in an actual work setting outside the classroom. A research paper, a journal of accomplishments, and employer evaluations are required.
ACC 606 Internship in Accounting, Assurance, and Advisory I (1 credit hour)
Prerequisite: ACC 623/ACC 628/equivalent. This course provides students with the opportunity to develop accounting, assurance, and advisory skills in an actual work setting outside the classroom. A journal of accomplishments and employer evaluations are required.
ACC 607 Internship in Accounting, Assurance, and Advisory II (1 credit hour)
Prerequisite: ACC 623/ACC 628/equivalent. This course provides students with the opportunity to develop accounting, assurance, and advisory skills in an actual work setting outside the classroom. A journal of accomplishments and employer evaluations are required.
ACC 608 Internship in Accounting, Assurance, and Advisory III (1 credit hour)
Prerequisite: ACC 623/ACC 628/equivalent. This course provides students with the opportunity to develop accounting, assurance, and advisory skills in an actual work setting outside the classroom. A journal of accomplishments and employer evaluations are required.
ACC 621 Controllership (3 credit hours)
Prerequisite: ACC 602/ACC 620/equivalent. This course examines the interrelationships of the sub-disciplines of accounting—financial, managerial, systems, and taxation—through the analysis of management decision problems in a variety of organizational contexts and through interaction with professionals. It analyzes major corporate decision areas such as external financial reporting; planning, budgeting and forecasting; performance management; cost management; internal controls; financial statement analysis; corporate treasury; decision analysis; investment decisions; risk management; and professional ethics. International and U.S. case studies will be assigned to demonstrate students’ global knowledge and decision-making skills.
ACC 626 Forensic Accounting Principles (3 credit hours)
Prerequisite or Co-requisite: ACC 623/ACC 628/ERM 601/equivalent. This course provides the forensic techniques needed to examine fraudulent financial schemes, with an emphasis on understanding the characteristics of fraud and its prevention and detection.
ACC 627 Business Valuations (3 credit hours)
Prerequisite or Co-requisite: ACC 623/ACC 628/ERM 601/equivalent. This course provides study of the role of financial accounting in business valuations with an emphasis on contemporary valuation approaches and methodologies, including those based on income, discounted income, market value, merged and acquired companies, capitalized excess earnings, asset-based, and asset accumulation.
ACC 628 Internal Auditing (3 credit hours)
This course evaluates risk exposures relating to the organization’s governance, operations and information systems, in relation to: (a) effectiveness and efficiency of operations, (b) reliability and integrity of financial and operational information, (c) safeguarding of assets, and (d) compliance with laws, regulations, and contracts. Prior accounting knowledge is strongly recommended.
ACC 629 International Auditing (3 credit hours)
Prerequisite: ACC 602/ACC 615/equivalent. This course examines International Standards on Auditing (ISA) issued by International Federation of Accountants (IFAC) and examines how those standards improve the uniformity of practice by professional accountants throughout the world.
ACC 632 Critique of Accounting Theory (3 credit hours)
Prerequisite: ACC 630/equivalent. Co-requisite: ACC 638/equivalent. This course addresses the difficulties of preparing precise and universally acceptable definitions of theory and principles as well as providing a review of current professional studies and selected areas of research.
ACC 635 Derivatives and Other Financial Instruments (3 credit hours)
(formerly, ACC 635, Accounting for Financial Instruments and Derivative Products)
Prerequisite: ACC 602/ACC 615/equivalent. This course examines the accounting, economic, regulatory, reporting, and disclosure requirements relating to derivatives and other financial instruments from both an investing and financing perspective.
ACC 636 Financial Institutions (3 credit hours)
Prerequisite: ACC 602/ACC 615/equivalent. This course examines significant issues relating to regulatory, accounting, financial presentation, and disclosure requirements of commercial, savings and investment banks, credit unions, finance companies, and investment companies.
ACC 640 SEC Accounting Practice (3 credit hours)
Prerequisite: ACC 602/ACC 615/equivalent. This course examines the registration and reporting requirements contained in various SEC rules such as Regulations S-K, S-X, S-T, and S-B along with exemptions provided under Regulations A and D. Financial reporting releases, industry guides, and staff accounting bulletins are also discussed.
ACC 650 Global Insurance Accounting I (3 credit hours)
Prerequisite: ACC 602/ACC 615/equivalent. This course introduces students to insurance accounting, specifically that applicable to the property and liability insurance companies. Insurance accounting is based on regulatory requirements (Statutory Accounting Principles or SAP), as well as standards applicable to insurers based on the jurisdiction in which the insurer is organized.
ACC 651 Global Insurance Accounting II (3 credit hours)
Prerequisite: ACC 650/equivalent. This course introduces students to insurance accounting, especially that applicable to the life and health insurance entities. That accounting is based on regulatory requirements (Statutory Accounting Principles or SAP), as well as standards applicable to insurers based on the jurisdiction in which the insurer is organized.
ACC 654 International Financial Reporting I (3 credit hours)
Prerequisite: ACC 602/ACC 615/equivalent. This course is designed to familiarized students with the infrastructure and institutional elements of IFRS, provide an overview of the International Accounting Standards Board (IASB) and its due process, the conceptual framework underlying IFRS, and the core accounting topics on financial statement elements and presentation. Differences between IFRS and U.S. Generally Accepted Accounting Principles (U.S. GAAP) are explored.
ACC 655 International Financial Reporting II (3 credit hours)
Prerequisite: ACC 654/equivalent. This course is designed to familiarize students with the IFRS in the global practice through the study of advanced accounting topics on financial statement elements and presentation, first time adoption of IFRS, and IFRS for Small and Medium-Sized Entities (IFRS for SMEs). Differences between IFRS and U.S. Generally Accepted Accounting Principles (U.S. GAAP) are explored. This is the second course in a series of two graduate courses devoted to IFRS.
ACC 656 Analysis of Foreign Financial Statements (3 credit hours)
Prerequisite: ACC 654/equivalent. The course focuses on the analysis of financial statements of companies using International Financial Reporting Standards (IFRS), as promulgated or adopted by the International Accounting Standards Board (IASB). Financial statement analysis is introduced and international accounting and reporting practices underlying financial statements are analyzed. Emphasis is placed on the existing differences between U.S. GAAP and IFRS, and on the convergence process.
ACC 660 Fraud Examination I (3 credit hours)
Prerequisite or Co-requisite: ACC 623/ACC 628/ERM 601/equivalent. This course examines frauds that have occurred in recent years and addresses: (a) the nature of the scheme and how the fraud was perpetrated, (b) how the fraud was covered up, (c) why the auditors, the board of directors, and the regulators did not discover the fraud, (d) what should have been done by auditors, board members, and regulators to prevent and detect the fraud, and what weaknesses in controls existed to allow the situation to occur.
ACC 661 Fraud Examination II (3 credit hours)
Prerequisite: ACC 660/equivalent. This course analyzes frauds to determine the meaning or type of fraud involved (fraudulent financial statements, misappropriation of assets, or corruption), the people responsible for perpetrating the fraud and their motivation to commit fraud, the risks of fraud by function and why management and other responsible parties fail to uncover fraud, corporate governance and its responsibility, the role of internal controls in fraud prevention, fraud detection, and fraud correction, how to conduct a fraud investigation and maintain proper evidential matter, as well as, ethical considerations.
ACC 662 Accounting Information: Governance and Audit (3 credit hours)
Prerequisite or Co-requisite: ACC 624/equivalent. This course examines audit services and enterprise IT governance to develop the knowledge necessary to provide audit services in accordance with IT audit standards and to assist the enterprise with protecting and controlling information systems. Students will be able to understand and to provide assurance that the enterprise has the structure, policies, accountability mechanisms and monitoring practices in place to achieve the requirements of corporate governance of IT. Prior accounting knowledge is strongly recommended.
ACC 663 Accounting Information: Systems Development and Operations (3 credit hours)
Prerequisite: ACC 624/equivalent. This course examines the acquisition, development, implementation, operations, maintenance and support of accounting information systems and considers appropriate audit and control procedures. Students should be able to provide assurance that the practices for the acquisition, development, testing, and implementation of information systems meet the enterprise’s strategies and objectives, and that the IT service management practices ensure the delivery of the level of services required to meet the enterprise’s objectives. Prior accounting knowledge is strongly recommended.
ACC 664 Accounting Information: Cyber-Security Processes (3 credit hours)
Prerequisite or Co-requisite: ACC 624/equivalent. This course provides an understanding of information security fundamentals and key system security engineering, analysis and assessment techniques, tactics, and procedures that are internationally accepted information security practices. The course will also prepare students to handle security incidents more effectively, leading to improved business response and reduced adverse impacts. Prior accounting knowledge is strongly recommended.
ACC 665 Accounting Information: Protection of Assets (3 credit hours)
Prerequisite: ACC 624/equivalent. This course examines accounting information and communication systems’ security and the protection of information assets to understand and provide assurance that the security architecture (policies, standards, procedures and controls) ensures the confidentiality, integrity, and availability of information assets. Prior accounting knowledge is strongly recommended.
ACC 666 Accounting Information: IT Risks and Controls (3 credit hours)
Prerequisite or Co-requisite: ACC 624/equivalent. This course examines information technology related business risk management and the methodology that includes risk identification, evaluation, and response. The course describes the principles of information technology risk management, the responsibilities and accountability for information technology risk, how to build risk awareness, and how to communicate risk scenarios, business impact, and key risk indicators. Included in the course is the opportunity to create a business-focused, process-oriented and measurement-driven risk response plan. Prior accounting knowledge is strongly recommended.
ACC 667 Accounting Information: Enterprise Resource Planning (3 credit hours)
Prerequisite or Co-requisite: ACC 624/ equivalent. This course develops the student’s understanding of the market and evolution of ERP systems, ERP technology, business process reengineering, process mapping, the ERP life cycle (i.e., planning, package selection, implementation, operation, and maintenance), ERP functionality (e.g., sales, purchasing, HR, accounting, plant maintenance, and warehousing), and ERP auditing/security issues. Prior accounting knowledge is strongly recommended.
ACC 668 Accounting Information: Analytics and Forensics (3 credit hours)
Prerequisite: ACC 624/equivalent. This course examines issues related to the automated monitoring of a company’s financial and non-financial data to ensure its validity and integrity, and then using both simple and complex analytical tools to ensure the data is meaningful for its function or purpose and to ensure the company’s internal controls are functioning properly. Various software products are used to perform such continuous monitoring. This process has come to be known as data or audit analytics. This course also examines issues related to information technology frauds and methods of fraud detection and deterrence. Prior accounting knowledge is strongly recommended.
ACC 671 Healthcare Entities: Accounting, Reporting, and Audit (3 credit hours)
Prerequisite: ACC 615/602/equivalent. This course introduces the basic concepts of financial and managerial accounting with emphasis on health care applications and explains the measurement system of business operations, business valuation, financial reporting, budgeting, cost allocation, service and product costing, and special reports for managerial use. Ethical and international issues are integrated throughout the course materials with real-world applications. At the conclusion of the course, students should be able to read, understand, and analyze the annual financial reports of an organization.
ACC 672 Investment Companies: Accounting, Reporting, and Audit (3 credit hours)
Prerequisite: ACC 615/602/equivalent. This course introduces the essential techniques required to perform accounting, reporting, regulatory, and operational due diligence on investment companies and other alternative investments. Topics include an overview of investment company accounting and financial reports, valuation and custody assessment, asset verification techniques, common red flags, fraud case studies, and fund interview strategies. This course provides an introduction to operational risk and due diligence in an alternative investment context with a focus on hedge funds.
ACC 681 Sustainability Accounting and Reporting (3 credit hours)
Prerequisite: ACC 615/602/equivalent. This course examines business sustainability and accountability reporting and their integration into strategy, governance, risk assessment, performance management, and the reporting process. It also highlights how people, business, and resources collaborate in a business sustainability and accountability model by (a) looking at business sustainability and accountability reporting and assurance and their incorporation into the reporting process; (b) focusing on how the business sustainability and accountability model are impacted by the collaboration of people, business, and resources; and (c) presenting laws, rules, regulations, standards, and best practices relevant to business sustainability performance, reporting, and assurance.
ACC 684 Advanced Income Tax Accounting and Financial Reporting (3 credit hours)
Prerequisite: ACC 630/equivalent. This course examines advanced financial accounting reporting and auditing of income taxes under Accounting Standards Codification 740. Topics will include the calculation of current and deferred tax provisions, an overview of book-tax differences, the calculation of interim provisions, valuation allowances, net operating losses. Topics also include related financial statement presentations and footnote disclosures of income taxes, including analysis of recent Securities and Exchange Commission comment letters. Specialized topics include accounting and reporting for uncertain tax provisions, tax accounting for business combinations, tax accounting for stock compensation expense, foreign operations, naked tax credits, and true-up adjustments. IFRS versus U.S. GAAP differences for income tax accounting, and recent FASB projects’ impact on income tax accounting will also be discussed.
ACC 685 Advanced Internal Auditing (3 credit hours)
Prerequisite: ACC 628/equivalent. This course builds on the principles of the internal auditing curriculum to provide students with additional introduction to topics related to the management of the internal audit function. Topics include corporate governance, enterprise risk management, the quality assurance review process, environmental and process quality audits, and value-added activities.
ACC 686 Developing and Managing an Internal Audit Function (3 credit hours)
Prerequisite: ACC 628/equivalent. This course provides a foundation for the establishment and management of an internal audit function and the role of the chief audit executive (CAE). Topics include a review of key audit function foundations, risk-based auditing, conducting effective audits, e-crime, engaging with the audit structure, working with stakeholders on audit reports, the use of technology within economic crime fighting, effective linkage of organizational systems, and engaging with external auditing.
ACC 690 Seminar in Financial Accounting Research (3 credit hours)
Prerequisite: ACC 630/DS 609/equivalent. The course prepares students for empirical research in the financial accounting area. Due to the large volume of literature in the area, students will have two reading lists. First, students will focus on a small number of articles (1-2 articles) in each week followed by a more extensive list of papers that are useful in developing research ideas. These papers are marked with a “*” in front of author names. Students will read all assigned papers thoroughly before class, and discuss the papers and exchange ideas during the class. Students will be introduced to quantitative methodologies needed for empirical accounting research. These methodologies will enable students to derive mathematical equation and formulae in homework. At the end of the semester, students will learn SAS programming to prepare them for empirical data analysis.