Curriculum

Successful completion of the MAcc program coursework leads to the Master of Science in Accountancy degree, a coveted credential that prepares you for a rewarding future in the accounting profession.  The MAcc degree will enable students to satisfy the 150-credit hour requirements of most states for becoming a Certified Public Accountant (CPA).

Each of the 10 courses listed below is required to obtain the 30-credit Master of Science Accounting Degree.

GRBU811 - ADVANCED FINANCIAL REPORTING - 3 credits

Advanced Financial Reporting is a continuation of the two course undergraduate Intermediate Accounting sequence. In this course, students examine major theoretical concepts for some of the more sophisticated topics underlying external financial reporting including income taxes, leases, pensions and postretirement benefits (other than pensions) and derivatives. In addition, students will utilize the Financial Accounting Standards Board's Codification to research guidance on the proper reporting of transactions and events in conformance with Generally Accepted Accounting Principles (GAAP).
Course Prerequisites: Intermediate Accounting I and II (or equivalent coursework)

GRBU812 - NON-PROFIT AND GOVERNMENTAL ACCOUNTING - 3 credits

This course is designed to provide the student with a detailed understanding of the accounting and reporting for state and local governments in accordance with pronouncements issued by the Governmental Accounting Standards Board (GASB). Additionally, the course will also cover the unique accounting and financial reporting needs of governmental and non-governmental non-profit organizations.

GRBU813 - ADVANCED COST ACCOUNTING - 3 credits

This course is intended to extend the student's knowledge of traditional accounting techniques for product costing beyond that acquired in an introductory Cost Accounting course. A number of additional, more contemporary approaches to the cost accounting function are also explored.

GRBU804 - SEC REPORTING - 3 credits

This course exposes students to the various periodic financial reporting requirements for publicly held companies as well as financial statement requirements for companies in the process of going public. Through actual SEC filings and case studies the course illustrates a wide range of SEC reporting requirements. Current SEC developments will also be discussed.
Course Prerequisite: Advanced Financial Reporting

GRBU891 - PROCESS AND PROCEDURE - 3 credits

This course is an introduction to the basic institutions and concepts of the American legal system. Attention is focused upon courts, their law-making capacity and their relationship to other branches of government, particularly the legislature. Procedural concepts such as jurisdiction and joinder are considered as well as basic constitutional standards such as due process and equal protection. The course also examines the role of equity in our legal order.

GRBU522 - FINANCIAL MANAGEMENT - 3 credits

This course develops the more advanced theoretical constructs of corporate financial decision making. Students become involved with the fundamental decisions and compromises of financial managers as they face the issues related to capital budgeting, cost of capital, dividend policy, long-term financing and mergers, and working-capital management. The course presumes that students understand the concept of the time-value of money and have been introduced to the basic techniques of financial systems and corporate financial management.

GRBU801 - FRAUD EXAMINATION - 3 credits

This course highlights a number of important controls that prevent fraud and abuse, explores the most common asset theft fraud schemes, and teaches the detective skills needed to determine if inappropriate events have taken place. Additionally, the course defines computer fraud and exposes students to techniques for preventing its occurrence.

GRBU814 - ETHICS IN ACCOUNTING - 3 credits

Ethical judgment is a foundation of the accounting profession. Those core values included objectivity, independence, integrity and professionalism. This course will serve as a general introduction to professional ethics in the accounting and business environments. We will discuss the fundamental ethical issues of business and society, the roles and responsibilities of the accounting and auditing profession, ethical behavior by management, and legal and professional guidelines that address the conduct will be considered within this course. This course is intended to provide the foundations upon which accountants employ ethical reasoning in their professional judgments.

The course will further investigate the effectiveness of professional codes of ethics like those ascribed to by self-regulatory organizations (e.g. American Institute of Certified Public Accountants, New York Stock Exchange, and the Financial Accounting Standards Board) and regulatory agencies like Securities and Exchange Commission. In particular, the course will consider psychological, sociological, political and economic implications of ethical judgments within the context of accounting and business decisions. Several management and economic theories from agency/contracting theory and stakeholder analysis will be incorporated to evaluate the role of ethics in the business environment.

GRBU646 - INFO SYSTEMS AUDIT AND CONTROL - 3 credits

Effective management and monitoring of the information systems control environment is critical to the achievement of business goals. As such, this course provides students with essential knowledge of the concepts and practices of information systems audit and control. This includes an understanding of the fundamentals of auditing, planning and implementation of information systems audits, and the corresponding ability to work in partnership with financial auditors in an assurance engagement. It also includes a detailed understanding of and ability to audit the IT control environment - from operating systems and networks, to application systems and operating procedures. Students also will gain hands-on experience with computer-assisted audit tools and techniques, and will use those tools to conduct tests of system-related processes and data - including fraud investigations.

GRBU815 - INTERNATIONAL ACCOUNTING - 3 credits

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have made the convergence of their separate standards a major priority. This course will examine the key differences between IFRS and U.S. GAAP. Beginning with an overview of the conceptual frameworks, students will learn how the ISAB and FASB set their respective standards. This will be followed by an exploration of the substantive differences in the standards themselves as well as the ethical implications associated with each of the reporting systems.


COURSE SCHEDULE

Course Title Fall Spring

GRBU811 - ADVANCED FINANCIAL REPORTING

X

 

GRBU812 - NON-PROFIT AND GOVERNMENTAL ACCOUNTING

X

 

GRBU813 - ADVANCED COST ACCOUNTING

X

 

GRBU804 - SEC REPORTING

 

X

GRBU891 - PROCESS AND PROCEDURE

 

X

GRBU522 - FINANCIAL MANAGEMENT

X

 

GRBU801 - FRAUD EXAMINATION

X

 

GRBU814 - ETHICS IN ACCOUNTING

 

X

GRBU646 - INFO SYSTEMS AUDIT AND CONTROL

 

X

GRBU815 - INTERNATIONAL ACCOUNTING

 

X


Note: Candidates for admission to the MAcc program will have successfully completed a minimum of 24 undergraduate credits in accounting.