Accounting Course Descriptions

Course Descriptions for Courses in ACC 6000 Level Courses Accounting 

ACC 6311 Seminar in Financial Accounting

Credits: 3 Class: 3 Lab: 0
Prerequisite(s): Acceptance to the Master of Professional Accountancy Program.
This course extends the student’s understanding of consolidated financial reporting to cover additional forms of equity issued by the investee, interim acquisitions, business segment reporting, cash flow, and earnings reporting. Additionally, the course covers the SEC structure and regulatory authority. Lastly, the course gives the student a background in basic accounting research areas such as the process, effective writing, information sources, and measurement issues.

ACC 6313 Analysis of Financial Statements and Entity Valuation

Credits: 3 Class: 3 Lab: 0
Prerequisite(s): Acceptance to the Master of Professional Accountancy Program.
This course lays out the techniques of sound fundamental analysis. It is designed to develop skills in financial statement analysis with special emphasis on engaging, organizing, and summarizing financial data for decision-making purposes related to valuation. The course focuses on two themes:

• The first is financial and accounting analysis which consists of documenting a firm’s profitability relative to past performance and comparable firms. Ratio analysis, accounting quality, and earnings management are the focal points of this portion of the course.
  

• The second theme is the entity equity valuation, which is primarily focused on forecasting and the subsequent preparation of pro forma financial statements in order to determine the intrinsic value of the firm. This portion of the course focuses on utilizing information in the financial statements to guide the valuation process.
  

ACC 6317 Advanced Managerial Accounting

Credits: 3 Class: 3 Lab: 0
Prerequisite(s): Acceptance to the Master of Professional Accountancy program. 
This course covers the concepts, methods and uses of managerial accounting information with an emphasis on decision making and control in organizations.

ACC 6319 Taxation of Entities

Credits: 3 Class: 3 Lab: 0
Prerequisite(s): Acceptance to the Master of Professional Accountancy Program.
This course studies the federal laws of the United States and rules that pertain to federal income taxation of Regular (C) Corporations and flow-through entities to include Partnerships, Limited Liability Companies (LLCs), and S Corporations.  In addition, the course covers the federal taxation of Estates and Trusts. The course emphasizes the determination and computation of the aforementioned and provides students with an understanding of the appropriate manner of their reporting. Special emphasis is placed on ensuring students have sufficient knowledge of federal taxation for success in passing these areas of testing on the Uniform Certified Public Accountant (CPA) Examination.

ACC 6320 Ethics and Legal Issues in Accounting

Credits: 3 Class: 3 Lab: 0
Prerequisite(s): Acceptance to the Master of Professional Accountancy Program.
This course satisfies the ethics requirement of the Texas State Board of Public Accountancy for eligibility to take the CPA exam. It provides the foundation, rationale, methodology and practice in ethical reasoning necessary for the accounting profession.  Additionally, it covers core ethical values related to business and accounting practice including issues of integrity, objectivity and independence.

ACC 6321 Government and Not-for-Profit Accounting

Credits: 3 Class: 3 Lab: 0
Prerequisite(s): Acceptance to the Master of Professional Accountancy (MPAC) program. This course examines the unique environment, concepts, and procedures of accounting, financial reporting, auditing, and budgeting of governmental and not-for-profit organizations. The course focuses on two themes: 1. Development of the accounting knowledge of state and local governmental entities and not-for-profit entities sufficient to pass related parts of the uniform CPA examination. 2. Understanding the objective requirements of financial reporting, as established by the Governmental Accounting Standards Board (GASB) for state and local governments and the Financial Accounting Standards Board (FASB) for not-for-profits, and the obstacles to achieving these objectives within a set of financial statements prepared on a single basis of accounting.

ACC 6322 - Accounting Internship

Credits: 3 Class: 3 Lab: 0
Prerequisite(s): Acceptance to the Master of Professional Accountancy Program. This internship course is designed to provide students with an opportunity to integrate the theory learned in the classroom with practical field work experience in a job related to the student’s academic and professional goals. The work experience gained in the field reinforces and complements the student’s academic field of study.

ACC 6323 - Applied Analytics for Accountants

Develop Data Analytics Skills for Accountants. This course helps students demystify data analytics and realize their potential information technology application skills to answer real-world business questions through data preparation, data visualization, business data analysis, data interpretation, financial reporting accuracy, machine learning algorithms, tax compliance and planning. Data literacy with a core of accounting, data analytics, tax, and accounting information systems afford the development of 1) specific skills and concepts that are required to be successful in the business world and 2) topics included on the Certified Public Accountant (CPA), Certified Management Accountant (CMA) and Certified Internal Auditor (CIA) exams. The focus of this class is on concepts and the use of current analytical tools relevant to accountants, and not on algorithms or statistical mathematics.