Accounting

Broaden your understanding of financial accounting concepts and understand the judgements involved in accounting. Topics include revenue recognition, earnings management, non-GAAP earnings, accounts receivable, inventory, intangible assets, and property and equipment.

This course expands your knowledge base. Topics include statements of cash flows, investments, debt, leases, stock-based compensation, and shareholders’ equity.

As the culmination of your work in ACC 3500 and 3501, this course deepens your study in financial accounting concepts and techniques Topics include business combinations and the consolidation of domestic and foreign subsidiary companies, foreign currency translation and hedging with derivative financial securities, accounting for variable interest entities (VIE), and accounting for partnerships. This course is intended primarily for students whose concentration is accounting, but it compliments well also for those who are planning careers requiring in-depth knowledge of advanced financial accounting.

Improve your ability to critically analyze data in order to make better business decisions and communicate this information effectively to your audience. You will learn how to use analytics tools and software (Tableau and Alteryx) from the lens of a manager, a financial statement user, a tax analyst, an auditor, and a forensic accountant. The course also provides an opportunity to interact with professionals in the field.

This course develops an understanding of the philosophy of the audit process and its practice. Primary emphasis is placed on issues relevant to external auditing professionals, such as the economic and social implications of auditing, audit risk analysis, planning of audit engagements, testing procedures, and the evolving use of data analytics throughout the audit process.

The experience you gain from running your own business in Foundations of Management & Entrepreneurship (FME) in your first year coupled with what you pick up from managerial accounting (ACC 2002; MAC) only elevates what you learn in this course. Through case studies and real-world examples, you will learn and analyze advanced issues relating to costing systems, strategic cost management, and management control.  This course will equip you with the necessary tools to understand how “costs” are central to your day-to-day business decision makings in order to be a successful entrepreneur.

The name says it all.  As much as 20-25% of most US companies’ income goes to pay federal and state income taxes and more tax is paid in the form of payroll, excise and sales taxes.  Individuals can find themselves paying as much as 50% in federal and state income and payroll taxes.  Understanding the tax rules will provide businesses, individuals, and their advisors the knowledge to legally minimize taxes as they make business and personal decisions.  This course covers the taxation of individuals, businesses, estates, and gifts, including the treatment of income, deductions, and credits, and capital gains and losses.  The course also will cover how tax disputes are handled and the ethical responsibilities of taxpayers and their advisors. 

To understand tax policy and its history is to truly understand the tax system and become a better tax decision-maker.  This course investigates how governments raise revenues, the history of U.S. tax policy, the design principles of good tax policy, and the tax policy choices of other countries.  The course links these discussions to current events and emerging issues in social and economic policy; to apply the learning, students will select and analyze in depth a tax policy issue or proposal of their own choosing (examples: carbon taxes, wealth taxes, taxation of cryptocurrency).