DEPARTMENT OF ACCOUNTING

ACCOUNTING COURSE DESCRIPTIONS

ACC 530 ANALYSIS OF ACCOUNTING INFORMATION. An introduction to the accounting principles, concepts, procedures and techniques underlying financial and managerial accounting and reporting. Emphasis on business and economic information generated in the accounting process and a study of their behavior for planning and control decisions. This course does not apply to the 36-hour graduate credit hour requirement of the MBA degree program or the MS in Finance degree.

ACC 533 FINANCIAL STATEMENT ANAYSIS. An overview of the pertinent theoretics and various applications relevant to the analysis of financial statements by applying both finance and accounting principles. Readings and case studies applied to provide a contemporary prospective. Prerequisites: ACC 366 or ACC 535.

ACC 535 FINANCIAL REPORTING AND BUSINESS DECISIONS. This course involves the study and examination of financial reporting from the point of view of management, creditors, and investors. The course specifically addresses how financing, investing, and operating decisions affect financial statements. The course also covers how creditors and investors use financial statements to assess the results of managers’ decisions and the effect of alternative accounting methods on the quality of financial reporting. The course emphasizes the effect of internal accounting decisions on external financing and business decision making. The course is designed for non-Accounting majors

ACC 564 ACCOUNTING FOR MANAGEMENT. A study of managerial accounting concepts, analyses, and applications. The course is designed for non-Accounting majors and is not open to students in the five-year MBA or MS in Finance programs.

ACC 569 MANAGERIAL ACCOUNTING APPLICATIONS. Study and examination of managerial accounting applications that address contemporary managerial issues and problems. Topics include activity based costing, target costing, quality costs, environmental costing, capacity costing, theory of constraints, costing for lean production, and other areas. Cases and exercises are used to emphasize the development and use of management accounting information for decision making and the role of the management accountant as part of the management decision making team. Prerequisites: ACC 369 and ACC 435.

ACC 575 READINGS IN ACCOUNTING. Directed study in special topics in accounting. Prerequisite: Approval of Department Chair and Graduate Coordinator.

ACC 580 SEMINAR IN ACCOUNTING. Financial accounting theory; current pronouncements on theory; and application of principles to practical problems are studied. Emphasis is given to contemporary accounting literature related to current financial reporting problems. Prerequisite: ACC 366.

ACC 581 ADVANCED AUDITING THEORY AND PRACTICE. Study of the theoretical and application issues of contemporary auditing. Topics include auditing in the computerized environment, internal control, control risk, legal liability of auditors, audit failure, audit risk, auditor responsibility for detection of fraud, and the evolving nature of the auditing profession. Case studies and exercises are used to address these and other topics of importance in contemporary auditing. Prerequisite: ACC 481 and a GPA of 3.0 or better in advanced undergraduate accounting courses.

ACC 587 ESTATE PLANNING, TRUSTS, AND NONPROFITS. Concepts of estate planning to enable tax minimized transmittal of property from one generation to the next generation or beyond. Topics to include: lifetime gifts, successive life estates, use of trusts, estate tax technical issues, tax research, formation and use of family partnerships, corporations, LLCs, and other business forms in conjunction with estate planning. Understanding of charitable entities/devices and their opportunities in estate planning. Exposure to other not for profit tax entities and their return problems. Understanding and preparation of federal tax forms 709, 706, 1041, and other related forms, including Texas related forms as applicable. Understanding of community property concepts related to estate planning issues. Understanding of property issues as related to estate planning issues. Understanding and proper use of trust devices and potential tax impact (both estate and income taxation). Prerequisites: ACC 383 and 484, or approval of instructor.

ACC 595 ERP BUSINESS PROCESS INTEGRATION. This course utilizes the SAP R/3 information system paradigm as a model for examination and development of integrated business process solutions. The course examines the conceptual background, rationale, methods, and procedures commonly employed by businesses in developing and configuring integrated business systems. Cases and hands-on experience using SAP R/3 require students to configure a business process solution through integration of financial, controlling, production, materials management, sales and distribution, manufacturing, and other ERP process modules. Prerequisites: Thirty-six hours of business related courses of which twelve must be at the graduate level, completion of the MBA core courses and ACC 564 or ACC 569, or permission of the instructor.

ACC 599 OPERATIONAL AUDITING. This course is a special course designed for the five-year accounting MBA program to broaden students’ perspectives on the application of auditing and managerial accounting principles and processes. The student activities in this course will be basically self or team directed and take place primarily in the “real world laboratory of small to medium size businesses, medium size local cities, school districts, and other public institutions. This course provides a continuum for auditing and accounting practice for graduate accounting students. Prerequisites: Graduate standing, ACC 369 or ACC 564 or equivalents, ACC 481, and permission of the Chair of the Department of Accounting.