MAcc Course Descriptions Prerequisite Courses
ACCT 581 Intermediate Financial Accounting I. A focus on the conceptual framework of financial reporting that emphasizes the accounting model, the rationale underlying generally accepted accounting principles, and the external disclosure consequences of corporate decisions. This course is offered during the fall semester. Prerequisite: ACCT 580 or equivalent. Course value: 3 semester hours.
ACCT 582 Intermediate Financial Accounting II. A continuation of Intermediate Financial Accounting with a focus on issues relating to the financial reporting by public corpora- tions, stockholders equity, long-term liabilities, cash flow, and income reporting. This course is offered during the spring semester. Prerequisite: Intermediate Financial ACCT I. Course value: 3 semester hours.
ACCT 583 Auditing I. This course includes the environment of the auditing sector in business and the role of auditing in society. Topics include the legal and ethical responsibilities of accountants; professional auditing standards; the acquisitions, evaluation, and documentation of audit evidence; and reports on the results of the auditing engagement. This course is offered during the fall semester. Prerequisite: Intermediate Financial Accounting II. Course value: 3 semester hours.
ACCT 584 Federal Taxation of Income. This course prepares students to examine the sources of tax law relating to individual taxpayers and to gain orientation and practical experience in preparing tax forms and meeting filing requirements. This course is offered during the spring semester. Prerequisite: ACCT 580 or equivalent. Course value: 3 semester hours.
Required Courses
ACCT 620 Advanced Financial Accounting. Financial accounting and reporting for selected non-corporate entities, such as partnership and governmental units, and for multicorporate or consolidated business enterprises. Selected accounting topics concerning multinational enterprises will be introduced. Course value: 3 semester hours.
ACCT 642 Advanced Taxation. A study of the taxation of corporations, partnerships, estates, and trusts. Addresses formation, distribution, combination, and liquidation issues. Prerequisite: ACCT 584 or equivalent. Course value: 3 semester hours.
ACCT 660 Public Accountancy Problems I. This course is one of two courses involving intensive and comprehensive study of accounting principles, concepts, and practices and their application to topics normally dealt with by practicing public accountants. The course content is a full array of advanced taxation, regulatory, and business environment topics. Course Value: 3 semester hours. Lab fee applies.
ACCT 661 Public Accountancy Problems II. This course is one of two courses involving intensive and comprehsnive study of accounting principles, concepts, and practices and their application to topics normally dealt with by practicing public accountants. The course content is a full array of advanced auditing, financial accounting and financial reporting topics. Course Value: 3 semester hours. Lab Fee applies if not assessed in ACCT 660.
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