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Accounting Courses (ACCT) Carroll School of Management


Subject Area Course # Course Title Semester Credit Hours Expand
ACCT 1021 Financial Accounting Fall/Spring 3
Course Description

This course develops an understanding of the basic elements of financial accounting and the role of accounting in society. Students are introduced to financial statements and to the fundamental accounting concepts, procedures, and terminology employed in contemporary financial reporting. The skills necessary to analyze business transactions, to prepare and comprehend financial statements, and to examine a firm's profitability and financial condition are developed. Students are required to use the Internet to conduct a financial statement analysis project.


Instructor(s): The Department

Prerequisites: None

Cross listed with:

Comments:

ACCT 1022 Managerial Accounting Fall/Spring 3
Course Description

This course explains the usefulness of accounting information for managerial decision-making in the areas of analysis, planning, and control. The fundamentals of managerial accounting, including product costing, cost-volume-profit relationships, cash budgeting and profit planning, and performance evaluation are included. Ethical and international issues of importance to accountants are discussed.


Instructor(s): The Department

Prerequisites: ACCT1021 or ACCT1031

Cross listed with:

Comments:

ACCT 1031 Financial Accounting-Honors Fall 3
Course Description

Honors section of ACCT1021


Instructor(s): Billy Soo, Peter Wilson and Edward Taylor

Prerequisites: None

Cross listed with:

Comments:

ACCT 1032 Managerial Accounting-Honors Spring 3
Course Description

Honors section of ACCT1022


Instructor(s): Billy Soo, Sugata Roychowdhury and Edward Taylor

Prerequisites: None

Cross listed with:

Comments:

ACCT 3301 Financial Accounting Standards and Theory I Fall/Spring 3
Course Description

This course addresses, in a comprehensive manner, financial accounting and reporting standards. Emphasis is given to the application of accounting theory in the development of general purpose financial statements. The issues of asset valuation and income measurement are explored.


Instructor(s): Betty Bagnani and Mary Ellen Carter

Prerequisites: ACCT1021 or ACCT1031

Cross listed with:

Comments:

ACCT 3302 Financial Accounting Standards and Theory II Fall/Spring 3
Course Description

This course extends the study of the relationship between accounting theory and practice as it applies to the measurement and reporting of liabilities and stockholders' equity, as well as inter-corporate investments. A thorough analysis of cash flow reporting is also included.


Instructor(s): Billy Soo and Gil Manzon

Prerequisites: ACCT3301

Cross listed with:

Comments:

ACCT 3307 Managerial Cost and Strategic Analysis Fall/Spring 3
Course Description

This course examines the strategic tools used in managerial planning and control systems, with an emphasis on decision usefulness and the impact of accounting information on the organization. Attention is directed to the limitations of traditional accounting systems with respect to global competition. Comparisons with control systems in other countries and cultures are made. Ethical dimensions of managerial decision making are also discussed.


Instructor(s): Jeffrey Cohen and Elizabeth Quinn

Prerequisites: ACCT1022 or ACCT1032

Cross listed with:

Comments:

ACCT 3309 Audit and Other Assurance Services Fall/Spring 3
Course Description

This course examines contemporary auditing theory and practice. The topics include the environment of the auditing profession, audit planning and analytical review, internal control, audit evidence, and auditor communications.


Instructor(s): Jeff Cohen and Liz Quinn

Prerequisites: ACCT3301

Cross listed with:

Comments:

ACCT 3351 Financial Statement Analysis Fall/Spring 3
Course Description

This course covers current techniques and applications of Financial Statement Analysis (FSA). Exposes students to the contemporary financial reporting environment and current reporting practices of U.S. companies. Students will analyze real-life cases to foster an understanding of the economic and strategic information conveyed in financial reports. FSA may be taken through the Accounting(ACCT3351) or Finance (MFIN3351) Department. Note that students planning to count the class as part of their accounting requirements for purposes of meeting the CPA requirements should register for the class through the Accounting Department (ACCT3351). Students who wish to use the class to satisfy both their finance and accounting or corporate reporting major requirements should register for the class through the Finance Department (MFIN3351). This latter option is valid only up to the class of 2018.


Instructor(s): Amy Hutton and Mark Bradshaw

Prerequisites: ACCT1021 or ACCT1031, and MFIN1021

Cross listed with: MFIN3351

Comments:

ACCT 3397 Directed Readings in Accounting Fall 3
Course Description

Individual or group study under the direction of a faculty member to investigate an area not covered by the regular curriculum.


Instructor(s):

Prerequisites: Permission of department chairperson.

Cross listed with:

Comments:

ACCT 3398 Directed Research in Accounting Fall 3
Course Description

Student research in the field of accounting under the direction of a faculty member. The objectives of the course are to help the student develop an area of expertise in the field of accounting and to foster the development of independent research skills. A written proposal is required and a paper of publishable quality is expected.


Instructor(s):

Prerequisites: Permission of department chairperson.

Cross listed with:

Comments:

ACCT 3399 Directed Readings Fall/Spring/Summer 3
Course Description

Research is conducted under the supervision of faculty members of the Accounting Department. The objectives of the course are to help the student develop an area of expertise in the field of accounting and to foster the development of independent research skills.


Instructor(s): Billy Soo

Prerequisites: Permission of department chairperson

Cross listed with:

Comments:

ACCT 4405 Federal Taxation Fall/Spring 3
Course Description

This course introduces the student to the various elements of taxation and emphasizes interpretation and application of tax laws. Students are challenged to consider the tax implications of various economic events and to think critically about the broad implications of tax policy. The skills to prepare reasonably complex tax returns and do basic tax research are also developed.


Instructor(s): Edward Taylor

Prerequisites: ACCT3301

Cross listed with:

Comments:

ACCT 4409 Advanced Auditing Spring 3
Course Description

This course builds on the assurance services knowledge and skills that developed in the introductory audit class. The principal objectives are to develop a solid understanding of the audit process, associated professional standards, and the application of standards to actual auditing situations.


Instructor(s): Frederick Husk

Prerequisites: ACCT3309

Cross listed with:

Comments:

ACCT 6601 Financial Accounting Standards and Theory III Fall/Spring/Summer 3
Course Description

This course extends the study of the relationship between accounting theory and practice as it applies to business combinations, and the accounting for government entities and not-for-profit organizations.


Instructor(s): Mark Crowley

Prerequisites: ACCT3302 (undergraduate) or ACCT8814 (graduate)

Cross listed with:

Comments:

ACCT 6602 Theory and Contemporary Issues in Accounting Spring 3
Course Description

This course reexamines recognition and measurement issues, with emphasis on understanding the choices faced by accounting policy makers and why certain accounting methods gain acceptance while others do not. Alternate theories are presented in light of contemporary issues that affect the standard setting process.


Instructor(s): Ken Schwartz and Vin O'Reilly

Prerequisites: ACCT3302 (undergraduate) or ACCT7701 or ACCT7713, or ACCT8814 (graduate)

Cross listed with:

Comments:

ACCT 6610 Accounting Research and Standard Setting Fall 3
Course Description

The goals of the IFRS course are to help students learn the differences between US GAAP and IFRS for events and circumstances where these differences and their financial statement consequences are particularly pronounced and to help students learn how to make informed judgments while preparing, auditing, or using IFRS financial statements. To this end, the course emphasizes researching, analyzing, and discussing standards, conceptual frameworks, and global financial statements related to revenue recognition, property plant and equipment, intangibles, provisions, leasing, taxes, and employee benefits.


Instructor(s): Peter Wilson

Prerequisites: ACCT3302 (undergraduate) or ACCT8814 (graduate)

Cross listed with:

Comments:

ACCT 6615 Advanced Federal Taxation Fall/Spring/Summer 3
Course Description

The course aims to cover federal income tax law as applied to planning for and executing business transactions and decisions. The focus is on the corporate entity, but some time will be spent on partnerships, "S" corporations, trusts, estates, and exempt organizations. Practical application of tax rules rather than technical analysis will be emphasized.


Instructor(s): Edward Taylor

Prerequisites: ACCT4405 or ACCT8816

Cross listed with:

Comments:

ACCT 6616 Personal Wealth Planning Summer 3
Course Description

This course is designed to help students develop a robust decision-making framework that they can use throughout their lifetimes to make thoughtful and analytically sound decisions affecting their financial and personal wealth and that of others. Important in developing this decision framework will be systematically building an understanding of the common features that enter many lives. Central to the analytical focus will be identifying personal goals and objectives, alternatives to meet them, trade-offs involved given limited resources, and tools to evaluate alternatives. Theory and empirical evidence that undergirds these decisions will be explored.


Instructor(s): Gil Manzon

Prerequisites: ACCT4405 or ACCT8816

Cross listed with:

Comments:

ACCT 6618 Accounting Information Systems Fall/Spring/Summer 3
Course Description

This course will review the strategies, goals, and methodologies for designing, implementing, and evaluating appropriate internal controls and audit trails in integrated accounting systems. This course also examines the effect the Internet has had on business and its financial implications with regard to accounting information systems.


Instructor(s): Frank Nemia, James Jumes, Jeff Allen and Michael McLaughlin

Prerequisites: ACCT1021 or ACCT1031 and CSCI1021 or CSCI1031 or ISYS1021 or ISYS1031

Cross listed with: ISYS6618

Comments:

ACCT 6623 Fair Value Accounting & Measurement Spring 3
Course Description

Fair Value is an important measurement basis in financial reporting, an area of interest and debate with current financial market events and changes in the global economy. This course will focus on the practical application of fair value measurement as an integrated feature of financial reporting, investments, risk management, valuation and regulatory reforms.


Instructor(s): Roger Pearson

Prerequisites: Must have successfully completed ACCT3302 or Must have successfully completed ACCT8814

Cross listed with:

Comments:

ACCT 6634 Ethics and Professionalism in Accounting Fall/Spring/Summer 3
Course Description

The professional role of the Certified Public Accountant is to protect the investing public, yet the CPA's profit is dependent on controlling costs and managing a portfolio of satisfied corporate clients. These realities lead to a conflict of interest that is at the heart of this course. This course will focus on the nature of professions and professionalism. Specific attention will be paid to the AICPA's code of ethics, economic and regulatory factors affecting the public accounting profession, and various aspects of the current accounting environment.


Instructor(s): Vincent O'Reilly, David Lemoine and Gregory Trompeter

Prerequisites: ACCT3309 or ACCT8815

Cross listed with:

Comments:

ACCT 6635 Forensic Accounting Fall/Spring/Summer 3
Course Description

Forensic Accounting is a growing area of practice in which the knowledge, skills and abilities of accounting are combined with investigative expertise and applied to legal problems. Forensic accountants are often asked to provide litigation support where they are called on to give expert testimony about financial data and accounting activities. In other more proactive engagements, they probe situations using special investigative accounting skills and techniques. Some even see forensic accounting as practiced by skilled accounting specialists becoming part and parcel of most financial audits—an extra quality control step in the auditing process that will help reduce financial statement fraud.


Instructor(s): Vincent O'Reilly and Timothy Pearson

Prerequisites: ACCT3301 (undergrad), or ACCT7701, or ACCT7713, or ACCT8813 (graduate)

Cross listed with:

Comments:

ACCT 6641 Special Topics: Cybersecurity Strategy and Management Spring 3
Course Description

The challenges and issues of cybersecurity are everywhere, and today, these are not just technical issues, but critically important business issues for all levels of management. The goal of this course is to develop an understanding of cybersecurity principles, procedures, tools and technology from a managerial perspective. The first part of this course is a discussion of why cybersecurity is a difficult and pervasive problem. We then learn about the different types of threats and study the tools and techniques that society, organizations, and individuals have to mitigate them, with a focus on risk management and internal controls. We will also explore a number of new areas of work including cryptocurrency and the security requirements for the Internet of Things (IoT). An important part of the course will be team projects at the end of the term, where students apply the concepts and techniques we have studied to a real-world management problem or challenge.


Instructor(s): Leonard Evenchik and Samuel Ransbotham

Prerequisites: None

Cross listed with: ISYS6641

Comments:

ACCT 6690 International Accounting Experience Spring 3
Course Description

This course introduces students to accounting and international business in the emerging economies of Argentina and Chile, using the countries as a microcosm for the globalization of commercial and financial markets. Students will examine Argentina's and Chile's recent economic and political histories and research Argentine and Chilean companies and industries as preparation for a trip to the two countries over spring break.


Instructor(s):

Prerequisites: ACCT1021 or ACCT1031

Cross listed with:

Comments:

ACCT 6697 Directed Readings in Accounting Fall/Spring/Summer 3
Course Description

Individual or group study under the direction of a faculty member to investigate an area not covered by the regular curriculum.


Instructor(s): The Department

Prerequisites: Permission of department chairperson

Cross listed with:

Comments:

ACCT 6699 Directed Readings Fall 3
Course Description

TBD


Instructor(s):

Prerequisites: None

Cross listed with:

Comments:

ACCT 7701 Accounting Fall/Spring/Summer 3
Course Description

At the outset, course work will be concerned with the development and use of accounting information to evaluate the status and performance of business enterprises. Attention will be given to the reporting of information for use by persons and institutions outside the enterprise. In the second part of the course, the focus will be on the use of accounting information in managerial decision making. Section number 1 of this course will be offered on-campus and section number 11 will be offered online. Please see the link http://bit.ly/CSOM1 for details about the online section.


Instructor(s): Alvis Lo, Mark Crowley and Ed Taylor - Online

Prerequisites: None

Cross listed with:

Comments:

ACCT 7713 Accounting Fall 2
Course Description

The focus of the course will be on the uses of accounting information in managerial decisions. Areas of study will include evaluation of performance of a business and its units, cost and price determinations, make or buy decisions, and managerial issues to be considered in expansion and contraction decisions.


Instructor(s): Pete Wilson

Prerequisites: None

Cross listed with:

Comments:

ACCT 8801 Contemporary Topics/Corporate Reporting Spring 2
Course Description

This course covers current practices in corporate financial reporting and issues relating to asset and liability valuation and income determination. The foremost objective is to increase understanding of published financial statements by strengthening and extending technical skills in the areas of financial accounting and reporting. A second objective is to evaluate current accounting practice from a user's perspective using annual reports or press articles. Coverage spans many contemporary and controversial accounting topics, including accounting for employee stock options, earnings per share, and pensions and other post-retirement benefits. The course stresses technical and critical analysis of financial reporting numbers.


Instructor(s): Billy Soo and Mark Bradshaw

Prerequisites: ACCT7701 or ACCT7713

Cross listed with:

Comments:

ACCT 8810 Communications Skills for Managers Fall/Spring/Summer 3
Course Description

This course focuses on specific practical applications of business communication required of MSA students and future managers. Writing assignments include memos, analytic reports, proposals, and a variety of business correspondence. Students also write and present collaboratively. During the summer, the course is offered in a lab environment, meeting daily for two weeks. Students write in class as well as out of class, and receive personalized communications guidance.


Instructor(s): Rita Owens and Tim Gray

Prerequisites: None

Cross listed with: GSOM8810

Comments:

ACCT 8812 Accounting Tools for Managers Spring 3
Course Description

The usefulness of accounting information in the areas of analysis, planning, and control will be studied. Cost-volume-profit relationships, budgeting, performance evaluation, and transfer pricing are included. The behavioral impact of accounting numbers and ethical issues will be examined.


Instructor(s): Peter DiCarlo and Ryan Brenneman

Prerequisites: ACCT7701 or ACCT7713

Cross listed with:

Comments:

ACCT 8813 Financial Accounting Practice I Summer/Fall 3
Course Description

This course addresses, in a comprehensive manner, financial accounting and reporting standards. Emphasis is given to the application of accounting theory in the development of general purpose financial statements. The issues of asset valuation and income measurement are comprehensively explored.


Instructor(s): Lou Corsini

Prerequisites: None

Cross listed with:

Comments:

ACCT 8814 Financial Accounting Practice II Fall/Spring 3
Course Description

This course extends the study of the relationship between accounting theory and practice as it applies to the measurement and reporting of liabilities and stockholders' equity, as well as inter-corporate investments. A thorough analysis of cash flow reporting is also included.


Instructor(s): Gil Manzon

Prerequisites: ACCT8813

Cross listed with:

Comments:

ACCT 8815 Financial Auditing Fall 3
Course Description

This course examines contemporary auditing theory and practice. The topics include the environment of the auditing profession, audit planning and analytical review, internal control, audit evidence, and auditor communications. Project assignments require students to perform various aspects of audit practice using simulated audit cases.


Instructor(s): Mike O'Hara

Prerequisites: ACCT8813

Cross listed with:

Comments:

ACCT 8816 Federal Taxation Fall 3
Course Description

This course introduces the student to the various elements of taxation and emphasizes interpretation and application of the law. Students are challenged to consider tax implications of various economic events and to think critically about the broad implications of tax policy. The skills to prepare reasonably complex tax returns and to do basic tax research are also developed.


Instructor(s): Ed Taylor

Prerequisites: ACCT8813

Cross listed with:

Comments:

ACCT 8817 Internal Cost Management and Control Fall/Summer 3
Course Description

This course examines the technical and strategic tools used in managerial planning and control systems, with an emphasis on decision usefulness and the impact of accounting information on the organization. Attention is directed to improving existing limitations of traditional accounting systems with respect to global competition. Ethical dimensions of managerial decision making are also discussed.


Instructor(s): Dianne Feldman

Prerequisites: None

Cross listed with:

Comments:

ACCT 8819 Foundation for Accounting Fall 3
Course Description

This course is designed for graduate students who have no background in business or management. The objective of the course is to introduce the student to the various management functions, financial markets, and the economy. Considerable emphasis will be given to the role of accounting information and the accounting profession in today's rapidly changing environment.


Instructor(s): Louis Corsini

Prerequisites: None

Cross listed with:

Comments:

ACCT 8824 Financial Statement Analysis Fall/Spring/Summer 3
Course Description

This course covers techniques and applications of financial statement analysis. It exposes students to the contemporary financial reporting environment and current reporting practices of U.S. companies. It analyzes real-life cases to foster an understanding of the economic and strategic information conveyed in financial reports.


Instructor(s): Amy Hutton, Billy Soo, Elizabeth Bagnani and Mark Bradshaw

Prerequisites: ACCT7701 or ACCT7713 or ACCT8813

Cross listed with:

Comments:

ACCT 8825 Assurance and Consulting Services Fall/Spring/Summer 3
Course Description

The primary objective of the course is to provide students with an understanding of the nature, types, and implementation issues related to assurance services. The course examines three broad areas: assurance/consulting services, external auditing, and engagements to enhance efficiency and effectiveness.


Instructor(s): Emil Ragones, Fred Husk and Larry Davis

Prerequisites: ACCT3309 or ACCT8815

Cross listed with:

Comments:

ACCT 8826 Taxes and Management Decisions Fall/Spring/Summer 3
Course Description

This course provides students with a framework for tax planning. Specific applications of the framework integrate concepts from finance, economics, and accounting to help students develop a more complete understanding of the role of taxes in business strategy (e.g. tax planning for mergers, acquisitions, and divestitures; tax arbitrage strategies; taxation of competing legal entities; employee compensation; and others).


Instructor(s): Gil Manzon

Prerequisites: ACCT4405 (undergrad), or ACCT7701 or ACCT7713 or ACCT8816 (graduate)

Cross listed with:

Comments:

ACCT 8827 Strategic Cost and Profitability Analysis Fall/Spring 3
Course Description

Evaluates traditional cost accounting tools and demonstrates how these tools can be modified to meet the economic challenges of the new millennium. Issues of management control and corporate governance are given special consideration. In addition we will integrate behavioral, ethical, and international issues into the course. For example, when discussing performance evaluation, traditional financial measures may lead to earnings management. A case approach will be extensively used.


Instructor(s): Elizabeth Keating, Richard Block and Tony Wain

Prerequisites: ACCT3307 (undergrad), or ACCT7701 or ACCT7713 or ACCT8817

Cross listed with:

Comments:

ACCT 8848 Business Systems Consulting Summer 3
Course Description

This course is designed to give students an immersion in the process, mindset and techniques employed by management consultants and business practitioners committed to driving next-level business performance improvement across an enterprise. The course builds upon four principal discussion threads, designated required readings, student project initiatives, and online investigation to provide a deep introduction to business performance management.


Instructor(s): Scott McDermott

Prerequisites: ACCT7701 or ACCT7713 or ACCT8813

Cross listed with:

Comments:

ACCT 8852 Advanced Topics: Finance, Accounting, and Controls in High-Tech Growth Fall 3
Course Description

This course will provide a better understanding of the key accounting, finance, and control issues of a high-growth company as it expands from a start-up organization to a mature corporation. Students will study the stages a company goes through as it expands, including start-up, development stage, ramp-up, high-growth, and maturity. The course will use cases to provide a realistic background in which to apply concepts students learn in the course.


Instructor(s): George Neble and Peter Minihane

Prerequisites: ACCT7701 or ACCT7713 or ACCT8813

Cross listed with:

Comments:

ACCT 8856 Corporate Governance and Risk Management Spring 3
Course Description

This course uses selected readings, case analysis, and class discussions to focus on the identification, mitigation, and control of operational, financial, and compliance risk. Topics include risk identification and categorization; risk management and mitigation tools; internal controls; strategy, budgeting, and planning; communications, monitoring, and reporting; and entity governance.


Instructor(s): Vincent O'Reilly

Prerequisites: ACCT7701 or ACCT7713 or ACCT8813

Cross listed with:

Comments:

ACCT 8891 Empirical Topics in Accounting I Spring 3
Course Description

The objective of this course is to provide students with a sound framework for understanding and appreciating empirical archival research in financial accounting and reporting. In particular, the course aims to facilitate understanding of the economic determinants and consequences of the the information conveyed by financial statements and related voluntary disclosures.


Instructor(s): Roychowdhury

Prerequisites: Permission of department

Cross listed with:

Comments:

ACCT 8897 Directed Readings in Accounting Spring 3
Course Description

Individual or group study under the direction of a faculty member to investigate an area not covered by the regular curriculum.


Instructor(s): Billy Soo

Prerequisites: Permission of department chairperson

Cross listed with:

Comments:

ACCT 8898 Directed Research in Accounting Fall/Spring/Summer 3
Course Description

Student research in the field of accounting under the direction of a faculty member. The objectives of the course are to help the student develop an area of expertise in the field of accounting and to foster the development of independent research skills. A written proposal is required and a paper of publishable quality is expected.


Instructor(s): Billy Soo

Prerequisites: Permission of department chairperson

Cross listed with:

Comments:

ACCT 8899 Directed Readings and Research Fall 3
Course Description

Student research in the field of accounting under the direction of a faculty member. A written proposal is required and a paper of publishable quality is expected.


Instructor(s): Billy Soo

Prerequisites: Permission of department chairperson

Cross listed with:

Comments: