Introduction to financial accounting. Emphasizes the importance of accounting information, how accounting information is produced, and how this information is used in making decisions about organizations.
Winter 2025 - Online Spring/Summer 2025 - Online
This course addresses accounting information in business. Topics include cost concepts and behavior, product and activity-based costing, cost-volume-profit relationships, variable costing, budgeting/performance analysis, standard costs/variance analysis, and relevant costs for decision-making. Knowledge of spreadsheets and college algebra is recommended as these tools will be used throughout the course. Prerequisite: ACC 212.
A review of the financial accounting process and an introduction to financial accounting database and retrieval procedures. Prerequisite: ACC 212.
Winter 2025 - Online
Theory and application of financial accounting. Topics include the accounting cycle, development of accounting standards, financial statement presentation, basic asset/liability/equity transactions, revenue recognition, and the time value of money. Prerequisites: ACC 240 with a B- or better or both ACC 212 and ACC 213 with honors designations with a B- or better, and admission to Seidman College of Business, or by permit.
Continuation of the theory and application of financial accounting. Topics include the recognition, measurement and presentation of liabilities, equity, deferred taxes, leases, and pensions as well as accounting changes and the cash flow statement. Prerequisites: Grade of C or better in ACC 310 and admission to Seidman College of Business, or by permit.
Consideration of the basic theory and practice applicable to the determination of the taxable income of individuals. The course will cover the individual income tax formula including the determination of income, the role of deductions and credits, and simple and complex property transactions. Prerequisites: ACC 212 and admission to Seidman College of Business, or by permit.
The course examines the use of cost management techniques and tools to enable better managerial decision-making. The course topics include: cost concepts and cost behavior, product and activity-based costing, absorption and variable costing, cost of capacity utilization, transfer pricing, relevant costs for decision-making and strategic analysis of income. Prerequisites: ACC 213 and admission to Seidman College of Business, or by permit.
A discussion of ethical literature relating to business problems. Emphasis will be placed on the practical introduction to normative and behavioral ethics. Students will apply ethical reasoning in the legal and professional environment that accountants work in and evaluate others' decisions in that environment. Prerequisite: Admission to Seidman College of Business or by permit.
Spring/Summer 2025 - Online
A study of automated systems of processing data for accounting information. The accounting system is discussed from the perspective of developing and maintaining systems capable of producing information for internal decision-making and external reporting. Hands-on experience may include general ledger, ERP, flowcharting software, and other relevant computer technology. Prerequisites: MGT 268 and either ACC 240 with a B- or better, or both ACC 212 and ACC 213 with honors designations with a B- or better.
To be arranged with a full-time faculty member with the approval of the department chairperson. A maximum of three hours of credit may be applied to the degree requirements. Offered as demand warrants. Prerequisite: Admission to Seidman College of Business, or by permit.
Introduction to accounting and auditing concepts related to state and local governmental and not-for-profit entities. Course will focus on financial reporting and transaction analysis related to these entities. Course emphasizes accountability in governmental and not-for-profit accounting and financial reporting regulations that guide financial reporting and transaction analysis. Cross-listed with ACC 508. Prerequisites: ACC 310 and admission to Seidman College of Business, or by permit.
This course covers the specialized area of internal auditing. The topics include the internal audit professional standards and other authoritative practice guidance, risk assessment and mitigation, internal control processes, governance, ethics, and operational, compliance, financial and information systems auditing. Auditing with generalized audit software such as ACL is also covered. Cross-listed with ACC 513. Prerequisites: Senior standing, ACC 212 or equivalent, and admission to Seidman College of Business.
Introduction to various principles, theories and concepts relating to financial statement audits. Topics include an overview of the profession, planning, risks, fraud, internal controls, substantive procedures, sampling, completion, reporting, and opinions. Course emphasizes the assertion level risks for various accounts and gathering/evaluating evidence to support audit opinions. Cross-listed with ACC 514. Prerequisites: ACC 310 and admission to Seidman College of Business, or by permit. ACC 340 strongly recommended.
Readings, lectures, and/or discussions in specific topics not normally covered by other courses in the program. Prerequisite: Admission to Seidman College of Business, or by permit.
Introduction to accounting and auditing concepts related to state and local governmental and not-for-profit entities. Course will focus on financial reporting and transaction analysis related to these entities. Course emphasizes accountability in governmental and not-for-profit accounting and financial reporting regulations that guide financial reporting and transaction analysis. Cross-listed with ACC 408.
This course covers the specialized area of internal auditing. The topics include the internal audit professional standards and other authoritative practice guidance, risk assessment and mitigation, internal control processes, governance, ethics, and operational, compliance, financial and information systems auditing. Auditing with generalized audit software such as ACL is also covered. Cross-listed with ACC 413.
Introduction to various principles, theories and concepts relating to financial statement audits. Topics include an overview of the profession, planning, risks, fraud, internal controls, substantive procedures, sampling, completion, reporting, and opinions. Course emphasizes the assertion level risks for various accounts and gathering/evaluating evidence to support audit opinions. Cross-listed with ACC 414.
Readings, lectures, and/or discussions in specific topics not normally covered by other courses in the program.
This course covers stakeholder's ethical expectations of accountants, directors and officers, principles of corporate governance, philosophic and practical approaches to making ethical decisions, and an introduction to accountants' regulatory requirements and codes of conduct. Prerequisite: Admission to a Seidman College of Business graduate program.
An intensive course in business law with emphasis on those subjects that relate to the accountant's legal environment, including accountant's legal liability, federal securities regulation, sales law, insurance suretyship, antitrust law, secured transactions, bankruptcy, property law, etc. Prerequisite: ACC 310 or equivalent.
The course focuses on financial performance analysis in the context of equity (share) valuation, with some attention given to credit analysis and the valuation of debt. Emphasis is placed on the persistence of earnings and the accounting choices made in financial statement preparation that affect earnings quality and comparisons. Prerequisites: ACC 311 or equivalent, and completion of M.B.A. background equivalents.
Examination of the tax characteristics of various business entities, including the C and S corporation, partnerships, and limited liability companies. Topics covered include the tax consequences of forming, operating, and liquidating such business entities. Tax research and planning issues are also discussed. Course may not be taken for credit if student has received credit for ACC 318 or equivalent. Not available to M.S.T. students without permission of director of graduate programs. Prerequisite: ACC 212 or ACC 511 or equivalent.
Development of skills and knowledge related to integration of information technology in accounting and business with a focus on structured accounting data creation, storage, analytics, and reporting within and across organizations. Prerequisite: ACC 340 or equivalent.
This course addresses accounting issues relevant to managers of a multinational company and global investors. Topics include translation of foreign currency financial statements, accounting for foreign exchange derivatives, international financial reporting standards, comparative financial reporting, and corporate governance systems. Prerequisite: ACC 310 or equivalent.
This course covers the theory, concepts, and methodologies underlying business combinations and consolidations, interim reporting, accounting for partnerships, and governmental and not-for-profit accounting. Prerequisite: ACC 310 or equivalent.
This course examines the conceptual underpinnings of accounting thought and how accounting relates to valuation theory and capital markets. The role of accounting information is addressed from the points of view of management, auditors, and investors. Additionally, selected topics are discussed. Prerequisites: ACC 613, ACC 616, and ACC 618. May be taken concurrently with any of these during the final semester.
Focuses on tools and techniques of tax research and the preparation of formal written communications common to tax practice. Emphasis on tax research methodology and skills in context of practical tax compliance and planning situations.
Examines the federal transfer tax system, including estate and gift tax statutes, regulations, rulings, and cases. Topics include the definition of a gift, disclaimers, the annual exclusion, calculation of gross estate, revocable transfers, jointly held property, annuities, powers of appointment, life insurance, the marital deduction, and valuation.
Covers the federal taxation of partners and partnerships. Topics include formation and operation of a partnership including receipt of a partnership interest for services, liquidations and terminations, distributions and sales of a partnership interest, calculation of basis, and special basis adjustments. Decedent partner issues and LLCs are also covered.
