• DESCRIPTION OF UNDERGRADUATE COURSES

• DESCRIPTION OF GRADUATE COURSES

DESCRIPTION OF UNDERGRADUATE COURSES:

501. Survey of Basic Accounting
Overview of basic financial and managerial accounting concepts and procedures.  Fundamentals for the preparation of financial statements and basic budgetary and cost control issues.  For nonbusiness administration majors and minors.  (No credit for students who have had ACFI 502.) 4 cr.

502. Introductory Financial Accounting
Fundamentals of financial accounting concepts and procedures for analyzing economic events and the preparation and use of financial statements.  Freshmen not allowed.  (No credit for students who have had ACFI 501 or ADM 532.) 4 cr.

503. Managerial Accounting
The use of information by managers to (1) determine the cost and profitability of the organization's products or services; (2) plan, control, and evaluate routine operations; and (3) make special nonroutine decisions.  The demand for managerial accounting information is derived from an integrated treatment of organizational objectives, an orientation to customers, and a focus on activities as the unit of analysis for measurement of cost, quality, and time.  Prereq: ACFI 502.  Freshmen not allowed.  (No credit for students who have had ADM 533.) 4 cr.

601. Financial Management
The investments, financing, and dividend decisions of the firm in a global setting.  Topics include capital budgeting, designing and issuing securities, manager performance evaluation, resolution of agency problems, and working capital management.  Prereq: WSBE majors only, all Group A courses, and junior standing. 4 cr.

620. Topics in Accounting I
Special topics; may be repeated.  Prereq: ACFI 721 or 723 depending on topics and junior standing. 4 cr.

621. Intermediate Financial Accounting I
Examination of the nature and applicability of accounting theory and the conceptual framework of accounting.  Development of the capacity to address and resolve issues and problems in financial reporting.  Topics include valuation and reporting of current and operating assets, and revenue recognition.  Prereq: all Group A courses.  4 cr.

622. Intermediate Financial Accounting II
A continuation of 621.  Selected topics within financial reporting such as accounting for investments, leases, pensions, and income taxes.  Focus on how and why these issues are accounted for in the manner prescribed by current GAAP.  Prereq: ACFI 621.  4 cr.

640. Topics in Finance I
Special topics; may be repeated.  Prereq: ACFI 601 and junior standing. 4 cr.

701. Financial Policy
Development of analytical tools and practical skills for recognizing and solving complex problems of business finance.  Working-capital management, capital budgeting, cost of capital, capital structure, and dividend policy.  Prereq: ACFI 601. 4 cr.

702. Investments Analysis
Security valuation, efficient markets, portfolio management, options, and alternative investments.  Computer research topics.  Prereq: ACFI 601; permission. 4 cr.

703. International Financial Management
Financial management problems facing multinational firms.  Primary focus on effects of currency denominations on financial decisions.  Prereq: ACFI 601. 4 cr.

704. Derivative Securities and Markets
Derivative assets and markets, and their role in business decision-making and portfolio management.  Emphasis on practical and theoretical aspects of hedging and speculating using futures and options for both commodities and financial assets, including their market mechanics.  Prereq: ACFI 601.  4 cr.

720. Topics in Finance II
Special topics.  Prereq: ACFI 601 and senior standing. 4 cr.

721. Intermediate Financial Accounting - I
Examination of the nature and applicability of accounting theory and the conceptual framework of accounting, development of the capacity to address and resolve issues and problems in financial reporting.  Topics include valuation and reporting of current and operating assets, and revenue recognition.  Prereq: all Group A courses.  4 cr.

722. Intermediate Financial Accounting - II
A continuation of 721. Selected topics within financial reporting such as accounting for investments, leases, pensions, and income taxes.  Focus on how and why these issues are accounted for in the manner prescribed by current GAAP.  Prereq: ACFI 721. 4 cr.

723. Advanced Cost Accounting
Builds on ACFI 503, Managerial Accounting, by continuing the theme of accounting as a management tool.  Emphasis is on cost accounting as a source of data for measuring and improving the economic condition of the enterprise.  Newly evolving management themes are integrated into the traditional topics of planning and control, cost analysis, overhead allocation, transfer pricing, and decision modeling.  Prereq: all Group A courses.  4 cr.

724. Auditing
Philosophy and environment of auditing, with attention to an understanding of the major auditing concepts and objectives and its judgment process.  Emphasis on the nature and economic purpose of audits, standards, professional ethics, auditors' legal liability, internal control, and audit evidence.  Includes audit procedures, reports, and computer software.  Prereq: ACFI 721. 4 cr.

 725. Financial Statement Analysis
Methods and tools of analysis and interpretation of financial statement data.  Use of financial information in a variety of decision making situations including prediction of corporate earnings, debt ratings, and financial distress; lending decisions; risk analysis; and equity valuations.  Prereq: ACFI 721, all Group B courses, and senior standing.  4 cr.

726. Business Taxation
Taxation factors relevant to business decisions.  Taxable income and deductions, passive activities, alternative minimum tax, property transactions, deferred compensation, and corporate and partnership taxes.  Prereq: ACFI 601. 4 cr.

740. Topics in Accounting II
Special topics.  Prereq: ACFI 721 or 723, depending on topics, and senior standing. 4 cr.

750. Internships in Accounting
Accounting fieldwork in a business or other type of organization.  Supervision provided by the organization, and consultation provided by the faculty sponsor.  Written report required.  Course credits vary according to the nature of the fieldwork, to be determined by the faculty sponsor.  Prereq: seniors in high standing; permission. 1-4 cr. cr./F.

751. Internships in Finance
Finance fieldwork in a business or other type of organization.  Supervision provided by the organization, and consultation provided by the faculty sponsor.  Written report required.  Course credits vary according to the nature of the fieldwork, to be determined by the faculty sponsor.  Prereq: seniors in high standing; permission.  1-4 cr. cr./F.

752. Independent Studies in Accounting
Student-designed individual research projects, approved by a faculty sponsor.  Paper required.  Course credits vary according to the nature of the project, to be determined by the faculty sponsor.  Prereq: seniors in high standing; permission. 1-4 cr.

753. Independent Studies in Finance
Student-designed individual research projects, approved by a faculty sponsor.  Paper required.  Course credits vary according to the nature of the project, to be determined by the faculty sponsor.  Prereq: seniors in high standing; permission. 1-4 cr.

754. Honors Seminar in Accounting and Finance
Seminar discussions of advanced readings in accounting and finance.  For seniors with standing in the honors program. 4 cr.
 

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DESCRIPTION OF GRADUATE COURSES:
 

821. Auditing
The attest function and the responsibility and professional ethics of the independent auditor in our society.  Audit concepts, procedures, objectives, and reports.  Operational audits, social audits, and management services.  Prereq: financial and managerial accounting;/or permission. 3 cr.

822. Advanced Cost Accounting
Effective use of cost accounting, cost analysis, and budgeting in planning and controlling operations.  analysis of cost behavior, direct and absorption costing, cost-price-volume relationship, distribution costs, transfer pricing, and capital budgeting analysis. 3 cr.

823. Topics in Finance
Prereq: financial management. 3 cr.

827. Topics in Accounting
Special topics. 3 cr.

830. Investments Analysis
Security analysis, efficient market hypothesis, portfolio theory, and alternative investments. 3 cr.

831. Derivative Securities and Markets
Derivative assets and markets, and their role in business decision-making and portfolio management.  Emphasis on practical and theoretical aspects of hedging and speculating using futures and options for both commodities and financial assets, including their market mechanics.  3 cr.

836. Financial Statement Analysis
Methods and tools of analysis and interpretation of financial statement data.  Use of financial information in a variety of decision making situations including prediction of corporate restructuring, debt ratings, and financial distress; lending decisions; risk analysis; and equity valuations.  3 cr.

837. Financial Accounting Theory and Applications I
Theory and practice of income measurement and asset valuation; consolidations, partnerships, leases, pensions, price-level reporting, foreign currencies, and fund accounting. 3 cr.

839. Financial Accounting Theory and Applications II
Theory and practice of income measurement and asset valuation; consolidations, partnerships, leases, pensions, price-level reporting, foreign currencies, and fund accounting. 3 cr.
846. International Financial Management
Financial management problems facing multinational firms. Focus on effects of currency denominations on financial decisions. 3 cr.

847. Business Taxation
Taxation factors relevant to business decisions.  Emphasis on federal income taxation from the viewpoint of the firm.  Prereq: financial and managerial accounting. 3 cr.

854. Seminar in Accounting and Finance
Seminar discussions of advanced readings in accounting and finance.  For second-year M.B.A. students. 3 cr.

920. Financial Accounting
Introduction to the accounting methods employed in organizations to determine and communicate their financial positions to interested parties outside the organizations. 3 cr.

921. Managerial Accounting
Introduction to the production and interpretation of information to aid decision-making within the organization.  Emphasis is on the use of accounting information by managers to: (1) determine the cost and profitability of products or services; (2) plan, control, and evaluate routine operations; and (3) make special non-routine decisions.  3 cr.

930. Financial Management
Concepts and techniques for determining the need for, the acquisition of, and the management of, financial resources of the business. 3 cr.

935. Financial Policy
Analytical tools and practical skills for recognizing and solving complex problems of business finance.  Working-capital management; capital budgeting; cost of capital; capital structure; dividend policy. 3 cr.

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