2007-08 Course Descriptions

MACC - Master of Accountancy

Department of Accounting and Finance (COBA)

MACC 603 Contemporary Issues in Accounting Theory (3-0-3), fall. Accounting theory provides a theoretical background from which students learn to understand and evaluate current accounting practice. A conceptual basis for evaluating accounting alternatives is developed and applied, and the accounting profession itself is examined within the larger context of the social, economic, and political forces that help shape it.

MACC 605 Financial Statement Analysis (3-0-3), spring. This graduate level seminar includes (1) financial ratio and trend analysis; (2) financial industry differences analysis; (3) liquidity/solvency assessment; (4) earnings, cash flow, valuation, and risk forecasting; and (5) analyzing international financial reporting issues.

MACC 606 Accounting for Management Planning and Control (3-0-3), on demand. The course content includes the following topics: customer- profitability analysis, cost management, capital budgeting, post-investment audits, performance measurements and compensation revenues. In addition the course will examine cost behavior patterns, pricing decisions, and product profitability decisions. Other current topics will be covered as time permits.

MACC 609 Advanced Auditing (3-0-3), spring. An advanced study of selected topics in auditing. Topics may include risk assessment, internal control evaluation, substantive testing, audit reports, and other professional services. Course methodology may include case analysis, application projects, and research of auditing literature.

MACC 610 Advanced Topics in Financial Accounting and Reporting (3-0-3), spring. A study of advanced financial accounting and reporting issues in areas such as (1) revenue recognition; (2) deferred texas; (3) pensions; (4) other post-retirement benefits; (5) leases; and (6) the statement of cash flows. Prerequisite: admission to the Master's of Accountancy program or approval from the chair of the Department of Accounting and Finance.

MACC 611 Accounting for Governmental and Non-Profit Entities (3-0-3), fall. The course examines accounting methods for state and local governments, universities, hospitals, and non-profit organizations. A study and analysis is made of the publications of the Governmental Accounting Standards Board. An examiniation is made of the releases of the Financial Accounting Standards Board that pertain to accounting for nonprofit entities.

MACC 621 Advanced Financial Management (3-0-3), fall. Combines lecture and case study methods to focus on (1) advanced capital budgeting analysis; (2) real options; (3) advanced capital structure issues; (4) dividend policy and repurchases; (5) initial public offerings and refundings; and (6) basic financial options and futures. Prerequisite: admission to the Master's of Accountancy program or approval from the chair of the Accounting and Finance Department.

MACC 622 Ethics and the Accounting Profession (3-0-3), spring. An examination and critique of accounting and business as social, ethical, moral, and spiritual activities, rather than merely economic events. Alternative systems of ethical reasoning are compared and applied within various decision contexts. The values of integrity, objectivity, and independence are examined as they relate to the accounting profession. Prerequisite: admission to the Master's of Accountancy Program.

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