Course Descriptions

Accounting


MAC 7100
Financial Accounting Theory, Policy, and Research
3 credits

This course examines the conceptual, theoretical, and practical aspects of financial accounting. Students will focus on the theoretical foundations of financial reporting and the factors that affect accounting standard setting and decision making. Recent and current literature is studied to enhance analytic skills in accounting. Using case studies, the student will learn how to recognize important issues, ask critical questions, and research answers in the authoritative accounting literature

Prerequisite(s): BAC 201 and BAC 202


MAC 7200
Advanced Managerial Accounting
3 credits

This course focuses on analysis and problem-solving skills used in planning and controlling organizations. Special emphasis is given to the application of strategic cost management principles to practical situations. The course uses cases to help students contextualize cost accounting topics and to understand the impact of cost accounting information on firm planning and decision-making

Prerequisite(s): BAC 201 and BAC 202


MAC 7300
Issues in Auditing and Assurance Services
3 credits

This is an advanced course in auditing. The course content will consist of generally accepted auditing standards, professional requirements (both from the AICPA and PCAOB), and the effects of the Sarbanes-Oxley Act. Subject matters include the demand for auditing and assurance services, risk assessment, internal auditing, EDP auditing, and governmental auditing issues

Prerequisite(s): BAC 201 and BAC 202


MAC 7400
Fraud Prevention and Forensic Accounting
3 credits

Students will be provided an overview of various forms of financial fraud schemes, the role of auditors and forensic accountants in detecting fraud, and how internal controls can be designed to prevent such activity. In particular, the course highlights asset misappropriation and fraudulent financial reporting. The regulatory and legal issues surrounding financial frauds are also covered

Prerequisite(s): MAC 7300


MAC 7500
Federal Taxation, Policy, and Research
3 credits

Taxes affect business entities and the individuals who own them-proprietors, partners, and shareholders. Emphasis is placed on income tax theory and applications to problems frequently encountered by individuals and businesses. Topics in this course include tax planning, compliance, and research methodology

Prerequisite(s): BAC 201 and BAC 202


MAC 7600
International Accounting and Taxation
3 credits

Topics in this course are studied in the context of accounting in an international environment. Subjects include accounting for foreign currency transactions, foreign financial reporting and disclosure, transfer pricing, comparative accounting standards, taxation, and current issues in multinational accounting

Prerequisite(s): MAC 7500