Course Descriptions
Accounting
MAC 5000
Accounting Foundations I
3 credits
This course will prepare incoming graduate accounting students with a foundation in accounting principles. The topics covered in the course include the accounting cycle, books of original entry, preparation of journal entries, worksheets, the trial balance, and the statements of financial position and income. Emphasis is on the proper recording and reporting of assets, liabilities, and equity accounts.
Graduate accounting students lacking six credits of undergraduate accounting are required to take this course as a prerequisite for the core MAC courses.
MAC 5010
Accounting Foundations II
3 credits
This course will prepare incoming graduate accounting students with a foundation in financial statement analysis and managerial accounting. The course material begins with a continuation of the financial accounting topics covered in Accounting I, focusing on long-term liabilities, cash flow, and financial statement analysis. The managerial accounting topics covered include the elements of cost in business organizations, basic cost behavior patterns, decision-making, cost-volume profit analysis, and budgeting.
Graduate accounting students lacking six credits of undergraduate accounting are required to take this course as a prerequisite for the core MAC courses.
Prerequisite(s): MAC 5000 or BAC 101
MAC 5100
Intermediate Financial Accounting I
3 credits
This course combines a study of the theory, rationale, and objectives of financial reporting with an examination of current reporting principles. The course provides an in-depth analysis of the reporting for assets. It prepares students for advanced study, professional examinations, and a successful and ethical pursuit of a career in accounting or business.
Graduate accounting students lacking six credits of undergraduate intermediate accounting are required to take this course as a prerequisite for the core MAC courses.
Prerequisite(s): MAC 5010 or BAC 102
MAC 5110
Intermediate Financial Accounting II
3 credits
This course provides an in-depth analysis of current and long-term liabilities, stockholders' equity, dilutive securities, investments, accounting for income taxes, pension costs and leases, and accounting changes and error analysis. It prepares students for advanced study, professional examinations, and a successful and ethical pursuit of a career in accounting or business.
Graduate accounting students lacking six credits of undergraduate intermediate accounting are required to take this course as a prerequisite for the core MAC courses.
Prerequisite(s): MAC 5100 or BAC 201
MAC 6200
Data Analytics for Accountants
3 credits
All accountants need to develop data analytics skills to address the current and future needs of the accounting profession. Accountants need to be prepared to identify and solve business questions through the analytical process of mastering the data, testing the data, addressing and refining results, communicating findings and tracking the outcomes. The course introduces the various analysis tools used by accounting professionals: Microsoft Excel, Microsoft Access (including SQL), and Tableau. The course will focus on hands-on instruction utilizing labs and case studies.Prerequisite(s): MAC 5010 or BAC 102
MAC 6300
Governmental and Not-For-Profit Accounting
3 credits
This course provides in-depth coverage and discussion of currently relevant topics in the study of accounting for governmental and not-for-profit organizations. Students will learn the unique characteristics of accounting reporting for these organizations. The course will allow students to further develop their analytical and decision-making skills as they prepare and evaluate financial statements for governmental and not-for-profit companies, including colleges, universities, and health-care organizations. The material covered will also aid the student in preparing for the CPA exam.Prerequisite(s): MAC 5010 or BAC 102
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. The student will learn how to recognize important issues, ask critical questions, and research answers in the authoritative accounting literature.
Prerequisite(s): MAC 5110 or BAC 202; 3 credits of undergraduate finance (equivalent to FIN 305) or MBA 5900
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 case studies 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 101 and BAC 102 or MAC 5000 and MAC 5010
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. Topics covered include the demand for auditing and assurance services, risk assessment, internal auditing, EDP auditing, data analytics, ethics, and governmental auditing issues.
Prerequisite(s): BAC 201 and BAC 202 or MAC 5100 and MAC 5110
MAC 7400
Fraud Prevention and Forensic Accounting
3 credits
The incidence of fraudulent activities and dubious financial schemes are on the rise. Fraud is an extremely costly business problem. There is an increasing need for professionals skilled with the investigative skills to uncover fraud and for employees to recognize its warning signs in the workplace. In this course, 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.
Prerequisite(s): MAC 7300
MAC 7500
Federal Taxation, Policy, and Research
3 credits
Taxation's domain encompasses many facets of our business and personal environment. This course features the analysis and evaluation of tax law to make strategical decisions. Consequently, tax research and planning methodology will be analyzed and critically evaluated to better understand and control the consequences of taxes.
Prerequisite(s): BAC 201 and BAC 202 or MAC 5100 and MAC 5110
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. This course will integrate the accounting theory and practice taught in the core MAC courses into the process of solving complex problems related to international accounting and taxation.
Prerequisite(s): MAC 7100, MAC 7200, MAC 7300, MAC 7500