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Master of Accounting

 

Courses Descriptions

MAC 601. Advanced Financial Accounting Theory and Emerging Issues • 3 credits
Study of financial accounting theories such as efficient market hypotheses and equity theories and their treatment. Includes the study of FASB, the Emerging Issues Task Force, SEC, AICPA PCAOB and the standard setting process. Prerequisites: ACCT 300, 301, 302, or equivalent.

MAC 602. Accounting Issues Seminar • 3 credits
This course focuses on theoretical and practical issues and controversies in accounting. This course will provide the means for students to bring together previous course material learned in a meaningful manner and to relate this material to real world issues. Prerequisites: ACCT 300, 301, 302, or equivalent.

MAC 603. Advanced Managerial Accounting Theory • 3 credits
Contemporary managerial accounting models and applications including activity based costing, kaizen costing, target costing, quality costs, JIT, decentralization, and investment decisions. Also discussed are skills required for a career as a controller, including accounting and budgeting for management control and performance and evaluation issues.

MAC 606. Advanced Tax Topics • 3 credits
A study of advanced income tax regulations as they relate to the corporation, partnership, pass through entities as well as trusts and estates. The course will integrate the various components of tax planning and policy in business decisions. The course covers the ever changing tax regulations. Emphasis will include resolving tax issues, understanding the administrative rules and regulations and integrating them into business and personal tax planning. Prerequisites: ACCT 300, 301, 302, 305.

MAC 607. Research/Cases in Taxation • 3 credits
Applied research for solving complex accounting and tax issues using professional accounting and tax research methods. The course is designed for those who are familiar with the fundamentals of federal taxation. Prerequisites: ACCT 301, 302, 305, 306.

MAC 610. Advanced Financial Accounting Topics • 3 credits
An in-depth analysis of advanced, specialized accounting issues. Topics include consolidations, Securities and Exchange Commission (SEC) reporting requirements and governmental/Non-Profit accounting. Prerequisites: ACCT 301, 302.

MAC 614. Financial Statement Analysis and Valuation • 3 credits
Learn advanced tools to analyze and use information in corporate financial statements. Increase the ability to analyze and detect earnings management. Emphasize the role of accounting information in earnings-based and free cash flows-based valuation. Through this course, the student should increase knowledge of financial analysis; use proper standards and analysis and prepare prospective financial statements; increase communication skills; learn the importance of being objective, to use judgment and assess risk, and to consider stakeholders when preparing prospective financial statements; and increase knowledge of spreadsheet programs. Prerequisites: ACCT 301, 302 or equivalent.

MAC 615. Advanced Auditing • 3 credits
A critical study of the public accounting profession, structure, and problems. Topics covered include legal liability, regulation, fraud, ethics, reporting requirements, and current developments. A variety of cases are used to help students understand responsibilities and problems. Prerequisites: ACCT 304.

MAC 616. Government and Nonprofit Accounting • 3 credits
Study of accounting and financial reporting for state and local governments; public and private colleges; private and non-profit hospitals, and other nonprofit organizations. Prerequisites: ACCT 201, 202.

MAC 617. Law for Accountants • 3 credits
The primary objective of this course is to help you prepare for the law section of the CPA exam. In order to succeed, accountants must know how to operate in the legal environment of business. Accordingly, this course will provide a high level understanding of legal issues that you may face during your career. Our goal is not to impart technical legal skills but to enhance the judgment which you will bring to your responsibilities as a professional. Prerequisites: ACCT 301, 302.

MAC 618. International Accounting • 3 credits
Study of accounting concepts and related issues at the international level. Concepts include global harmonization of accounting standards, rules-based versus principles-based accounting systems, accounting for multinational exchange listings, accounting for transactions of multinational corporations along with discussion of accounting issues faced by multinationals. Prerequisites: ACCT 301, 302.

MAC 620. Seminar in Graduate Accounting Topics • 1-3 credits
Advanced study of specific accounting topics, issues or themes. Topics specified when the course is offered. Students may repeat course if it is on a separate topic not previously studied for credit. Examples of topics include: financial derivatives, taxation of closely held businesses, environmental law, Sarbanes-Oxley and accounting ethics. Prerequisites: minimum of ACCT 301 and ACCT 302.

MAC 622. Forensic Accounting • 3 credits
Examine the methods of fraud prevention and detection including the types and costs of financial fraud and the use of controls to prevent fraud. The methods of detecting financial statement fraud will be at the core of class discussions. Course covers the mandates of SAS 99. Prerequisites: ACCT 301, 302 and 303.

MAC 625. Graduate Accounting Internship • 1-3 credits
Work under the supervision of an accounting professional. A research project related to this work experience is required. Pass/No Pass course. Prerequisite: Instructor consent.