MBA ACC Course Descriptions

ACC 605 Legal Issues for Public Accountants    4 cr.
Professional accountants must be able to recognize relevant legal issues and how they relate to accounting and auditing.  This course is designed to familiarize students with the various legal topics that accountants encounter on a regular basis, and to prepare students for the business law topics of the CPA examination.  Emphasis is placed on various legal topics, including business organizations, contracts, debtor-creditor relationships, securities law, and regulation in preparation to make sound management decisions.
 
ACC 655 Individual Taxation    4 cr.
The focus of this course is on the study of personal federal income tax laws, forms, and reporting mechanisms, and their application to individual taxes.  Topics to be covered will include:  income and loss realization and recognition, capital gains and losses, exemptions, rates, gross income items, deductions of business expenses, employee expenses, and itemized deductions.
 
ACC 665 Corporate Taxation    4 cr.
Anticipating and understanding the tax consequences and implications of corporate entities is an essential part of accounting practice.  In this course, students study various corporate transactions beginning with the formation and operation of the corporation and proceeding to other advanced topics, such as:  capital structure, earnings and profits, dividend distributions, stock redemptions, liquidations, and re-organizations.  The course also focuses on the tax aspects of "S" corporations, including formation of an "S" corporation, operating activities, distributions, and termination of an "S" corporation.  Emphasis is placed on developing the student's ability to identify and logically explain the tax consequences of various corporate transactions.
 
ACC 675 Advanced Financial Accounting II    4 cr.
This course covers international accounting issues and partnerships.  The international accounting portion focuses on the international accounting environment and compares accounting principles of several countries.  In the partnership portion, students examine the entire partnership cycle from formation to liquidation, and study the unique accounting principles associated with partnerships.
 
ACC 695 Auditing I    4 cr.
This course provides a broad overview of auditing theory.  This encompasses the various purposes and contexts for auditing, audit planning and analytical procedures, gathering and evaluating audit evidence, materiality and risk, consideration of internal controls, and the nature of appropriate communication.
 
ACC 696 Auditing II (ACC 695)    4 cr.
This course focuses on the application of audit theory to audit practice.  In this auditing practice course students will learn how to apply the audit process to the various business cycles of an organization.  Topics to be covered include methodology for designing tests of transactions and balances, applications of audit sampling, and computer-assisted audit techniques.