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Accounting

Chair

  • Douglas V. DeJong

Directors, Professional Program in Accounting

  • Thomas J. Carroll, Kevin Den Adel

Director, McGladrey Institute of Accounting Education and Research

  • Mark C. Penno

Professors

  • Ramji Balakrishnan (Carlson-KPMG Research Professor of Accounting), Joyce E. Berg (Pioneer Hi-Bred Research Fellow), Daniel W. Collins (Henry B. Tippie Research Chair in Accounting), Douglas V. DeJong (Lloyd J. and Thelma W. Palmer Professor of Accounting), Paul Hribar (Leonard A. Hadley Professor of Accounting), W. Bruce Johnson (Sidney G. Winter Professor of Accounting), Mark C. Penno (Ray William Shearman Research Fellow)

Associate professors

  • Cristi A. Gleason (Henry B. Tippie Research Fellow), Ryan J. Wilson

Assistant professors

  • H. Scott Asay, Samuel Melessa, Richard Mergenthaler, Jaron H. Wilde

Lecturers

  • Amy An, Thomas J. Carroll, Kevin Den Adel, Robert J. Hartman, Mary M. Murphy

Professor emeritus

  • Valdean C. Lembke

Associate professors emeriti

  • Richard A. Grimlund, Richard M. Tubbs
Undergraduate major: accounting (B.B.A.)
Graduate degrees: M.Ac.; accounting program for the Ph.D. in business administration
Web site: http://tippie.uiowa.edu/accounting/

The Department of Accounting offers a broad education that prepares undergraduate and graduate students for careers in public accounting, private industry, government, nonprofit organizations, and academia.

Professional Program in Accounting

The Professional Program in Accounting draws on curricula that provide a strong base of traditional technical subject matter and the skills needed for solving complex business problems. This framework of study enables students to continue professional growth over the entire span of their careers. The program emphasizes communication skills and provides the academic background required for leadership positions in business, government, and public accounting. It also qualifies students to take the Certified Public Accountant (CPA) examination.

The Professional Program in Accounting leads to a Bachelor of Business Administration with a major in accounting, which requires 120 s.h. of credit (see "Undergraduate Program" below), and the Master of Accounting, which requires 30 s.h. of graduate credit (see "Graduate Programs" later in this section). Students are granted the B.B.A. upon successful completion of the third and fourth years of the Professional Program in Accounting; they are granted the M.Ac. after successful completion of 30 s.h. beyond the B.B.A.

Undergraduate Program of Study

  • Major in accounting (Bachelor of Business Administration)

Students who wish to earn the Bachelor of Business Administration with a major in accounting must be admitted to the Professional Program in Accounting. Undergraduate accounting majors are subject to the probation and dismissal rules described in the Bachelor of Business Administration section of the Catalog and are governed by the Tippie College of Business Honor Code.

The B.B.A. is not sufficient preparation for CPA licensure in states that have passed a 150 hour law, including Iowa.

Bachelor of Business Administration

The Bachelor of Business Administration with a major in accounting requires a minimum of 120 s.h., including at least 25 s.h. of work for the major. Students must be admitted to the Professional Program in Accounting in order to major in accounting. Course work in the program provides concentrated coverage of professional accounting subjects and closely related topics in commercial law, business, and information systems.

To enter the Professional Program in Accounting, undergraduates must be admitted to the Tippie College of Business. They must have a University of Iowa g.p.a. of at least 3.00 and a cumulative g.p.a. of at least 3.00; a g.p.a. of at least 2.67 (B-minus average) in 06A:001 (ACCT:2100) Introduction to Financial Accounting and 06A:002 (ACCT:2200) Managerial Accounting; and a passing score on the Department of Accounting writing assessment. Students who wish to declare accounting as a major but do not satisfy the automatic admission requirements may still apply to the professional program; applications are reviewed case-by-case.

Students must complete the following B.B.A. prerequisite courses before admission to the Professional Program in Accounting. 

06A:001 (ACCT:2100) Introduction to Financial Accounting3 s.h.
06A:002 (ACCT:2200) Managerial Accounting3 s.h.
06E:001 (ECON:1100) Principles of Microeconomics4 s.h.
06E:002 (ECON:1200) Principles of Macroeconomics4 s.h.
22M:017 (MATH:1380) Calculus and Matrix Algebra for Business4 s.h.
22S:008 (STAT:1030) Statistics for Business4 s.h.

Students usually spend the first and second year taking prerequisites and other course work required for all B.B.A. students; for B.B.A. common requirements, see Bachelor of Business Administration in the Catalog.

The major in accounting requires the following work during the third and fourth years.

THIRD YEAR
Fall Semester 
06A:131 (ACCT:3200) Income Measurement and Asset Valuation3 s.h.
06A:133 (ACCT:3400) Introduction to Taxation3 s.h.
06A:150 (ACCT:3100) Professional Orientation Seminar Series (must be taken during first or second semester in the professional program)1 s.h.
06B:100 (BUS:3000) Business Communication and Protocol (taken first year after admission to the college)3 s.h.
One business core requirement3 s.h.
Elective3 s.h.

The business core requirements [06F:100 (FIN:3000) Introductory Financial Management, 06J:047 (MGMT:2000) Introduction to Law, 06J:048 (MGMT:2100) Introduction to Management, 06K:100 (MSCI:3000) Operations Management, 06M:100 (MKTG:3000) Introduction to Marketing Strategy] may be taken in any sequence, preferably before the fourth year; 06J:047 (MGMT:2000) Introduction to Law is a prerequisite to 06A:148 (ACCT:4300) Business Law, so it should be taken before spring semester of the fourth year. Students must complete 06B:100 (BUS:3000) Business Communication and Protocol during their first year after admission to the Tippie College of Business.

Due to overlap in course content, accounting majors may not count 06A:120 (ACCT:3020) Financial Accounting and Reporting toward the B.B.A. degree.

Spring Semester 
06A:132 (ACCT:3300) Valuation of Financial Claims3 s.h.
06A:134 (ACCT:3600) Applied Information Systems3 s.h.
Two business core requirements6 s.h.
Elective3 s.h.
SUMMER: GMAT AND ADMISSION TO THE M.AC.

Students who intend to continue in the Professional Program in Accounting after receiving the B.B.A. should take the Graduate Management Admission Test (GMAT) during the summer before their senior year, as preparation for applying to the Master of Accountancy program.

FOURTH YEAR

Students must choose one of the following accounting electives during their fourth year. 

06A:141 (ACCT:3500) Advanced Tax Topics (offered fall only)3 s.h.
06A:145 (ACCT:4400) Advanced Financial Accounting (offered spring only)3 s.h.
Fall Semester 
06A:144 (ACCT:4100) Auditing3 s.h.
One accounting elective3 s.h.
One business core requirement3 s.h.
Two electives6 s.h.
Spring Semester 
06A:130 (ACCT:4200) Accounting for Management Analysis and Control3 s.h.
06A:148 (ACCT:4300) Business Law3 s.h.
One accounting elective (if not taken fall semester)3 s.h.
Two or three electives6-9 s.h.
OPTIONAL ACCOUNTING ELECTIVE

All undergraduates, whether admitted to the M.Ac. program or not, may take 06A:199 (ACCT:4900) Academic Internship for 1 s.h. in fall, spring, or summer. Department consent is required.

Graduate Programs of Study

  • Master of Accountancy
  • Accounting program for the Doctor of Philosophy in business administration

The department collaborates with the College of Law to offer the joint M.Ac./J.D. program; see "Joint M.Ac./J.D." below. It also participates in the M.B.A. program, which is offered by the Tippie School of Management; see Master of Business Administration Program in the Catalog.

Graduate students in accounting are subject to the probation and dismissal rules of the Graduate College and are governed by the Tippie College of Business Honor Code.

Master of Accountancy

The Master of Accountancy requires 30 s.h. beyond the B.B.A. The program permits students to specialize in accounting areas according to their interests and objectives. It builds on the technical skills acquired in the undergraduate program, broadens students' perspectives on the role of accounting in organizations and decision making, and further develops written and oral communication skills.

Students from a variety of academic backgrounds enter the M.Ac. program. Those who enter with an undergraduate degree in accounting can expect to complete the degree in 12 months. Those who enter with a non-accounting undergraduate degree typically require four semesters to complete the M.Ac. Study plans are adjusted to reflect each student's particular academic background; see "Students Without Undergraduate Degrees in Accounting" later in this section.

The M.Ac. is a nonthesis program. Course work focuses on the conceptual and economic foundations of accounting with applications to current and emerging problems of professional practice. M.Ac. students also have the opportunity to acquire expertise in one of four specialization areas: financial accounting/auditing, management information systems, taxation, and managerial accounting.

The 30 s.h. required for the M.Ac. must include at least 12 s.h. in graduate-level accounting courses and at least 21 s.h. in courses numbered 200 or above. Some work for the specialization areas is cross-disciplinary, with courses from other departments as well as from accounting.

The M.Ac. requires the following course work. Students complete the requirements for their chosen specialization or for the core program.

SPECIALIZATION IN FINANCIAL ACCOUNTING/AUDITING
Accounting Courses

Total of 12 s.h.

All of these: 

06A:221 (ACCT:9130) Financial Reporting: Theory and Practice3 s.h.
06A:230 (ACCT:9140) Advanced Auditing3 s.h.
06A:245 (ACCT:9040) Financial Information and Capital Markets3 s.h.

One of these: 

06A:220 (ACCT:9120) Design and Use of Cost Management Systems3 s.h.
06A:231 (ACCT:9050) Taxes and Business Strategy3 s.h.
Finance Courses

Total of 6 s.h. 

06N:225 (MBA:8180) Managerial Finance (requires consent of M.B.A. office)3 s.h.
One additional 200-level finance course3 s.h.
Management Information Systems Courses

Total of 3-6 s.h. 

06K:226 (MSCI:9200) Business Programming (if not already taken)3 s.h.
06K:230 (MSCI:9230) Database Systems3 s.h.
General Electives

Total of 6-9 s.h.

SPECIALIZATION IN MANAGEMENT INFORMATION SYSTEMS

Due to the timing of course offerings, students who do not begin the M.Ac. program in the summer session should take a computer programming course while they are undergraduates. This decreases the number of required management information systems courses and increases electives by 3 s.h. in the M.Ac. program.

Accounting Courses

Total of 12 s.h. 

06A:220 (ACCT:9120) Design and Use of Cost Management Systems3 s.h.

Two of these: 

06A:221 (ACCT:9130) Financial Reporting: Theory and Practice3 s.h.
06A:230 (ACCT:9140) Advanced Auditing3 s.h.
06A:231 (ACCT:9050) Taxes and Business Strategy3 s.h.

One of these (not already taken): 

06A:221 (ACCT:9130) Financial Reporting: Theory and Practice3 s.h.
06A:230 (ACCT:9140) Advanced Auditing3 s.h.
06A:231 (ACCT:9050) Taxes and Business Strategy3 s.h.
06A:241 (ACCT:9150) Tax Research3 s.h.
06A:245 (ACCT:9040) Financial Information and Capital Markets3 s.h.
Management Information Systems Courses

Total of 9-12 s.h. 

06K:226 (MSCI:9200) Business Programming (if not already taken)3 s.h.
Three 200-level information systems courses (06K or 22C)9 s.h.
General Electives

Total of 6-9 s.h.

SPECIALIZATION IN TAXATION
Accounting Courses

Total of 9 s.h.

Two of these: 

06A:220 (ACCT:9120) Design and Use of Cost Management Systems3 s.h.
06A:221 (ACCT:9130) Financial Reporting: Theory and Practice3 s.h.
06A:230 (ACCT:9140) Advanced Auditing3 s.h.

One of these (not already taken): 

06A:220 (ACCT:9120) Design and Use of Cost Management Systems3 s.h.
06A:221 (ACCT:9130) Financial Reporting: Theory and Practice3 s.h.
06A:230 (ACCT:9140) Advanced Auditing3 s.h.
06A:241 (ACCT:9150) Tax Research3 s.h.
06A:245 (ACCT:9040) Financial Information and Capital Markets3 s.h.
Taxation Courses

Total of 12 s.h. 

06A:231 (ACCT:9050) Taxes and Business Strategy3 s.h.
06A:241 (ACCT:9150) Tax Research3 s.h.
College of Law tax courses6 s.h.
General Electives

Total of 9 s.h.

College of Law courses (prefix 091) follow a different calendar than do business courses. Some courses may require consent of instructor.

SPECIALIZATION IN MANAGERIAL ACCOUNTING
Accounting Courses

Total of 12 s.h. 

06A:220 (ACCT:9120) Design and Use of Cost Management Systems3 s.h.

Two of these: 

06A:221 (ACCT:9130) Financial Reporting: Theory and Practice3 s.h.
06A:230 (ACCT:9140) Advanced Auditing3 s.h.
06A:231 (ACCT:9050) Taxes and Business Strategy3 s.h.

One of these (not already taken): 

06A:221 (ACCT:9130) Financial Reporting: Theory and Practice3 s.h.
06A:230 (ACCT:9140) Advanced Auditing3 s.h.
06A:231 (ACCT:9050) Taxes and Business Strategy3 s.h.
06A:241 (ACCT:9150) Tax Research3 s.h.
06A:245 (ACCT:9040) Financial Information and Capital Markets3 s.h.
Management Information Systems Courses

Total of 3-6 s.h. 

06K:226 (MSCI:9200) Business Programming (if not already taken)3 s.h.
06K:230 (MSCI:9230) Database Systems3 s.h.
Business Electives Outside Accounting
Two 200-level business electives6 s.h.
General Electives

Total of 6-9 s.h. 

CORE PROGRAM

Students who do not wish to pursue a specialization area must complete 30 s.h. beyond the B.B.A. At least 15 s.h. must be earned in graduate-level accounting courses and at least 21 s.h. must be earned in courses numbered 200 or above. The following courses are required.

Accounting Courses

Total of 15 s.h. 

06A:220 (ACCT:9120) Design and Use of Cost Management Systems (taken spring semester)3 s.h.
06A:221 (ACCT:9130) Financial Reporting: Theory and Practice (taken fall semester)3 s.h.
06A:230 (ACCT:9140) Advanced Auditing (taken spring semester)3 s.h.
06A:231 (ACCT:9050) Taxes and Business Strategy (taken fall semester)3 s.h.

One of these (not already taken): 

06A:241 (ACCT:9150) Tax Research3 s.h.
06A:245 (ACCT:9040) Financial Information and Capital Markets3 s.h.
Management Information Systems Courses

Total of 3-6 s.h. 

06K:226 (MSCI:9200) Business Programming (if not already taken)3 s.h.
06K:230 (MSCI:9230) Database Systems3 s.h.
General Electives

Total of 9-12 s.h. 

Students Without Undergraduate Accounting Degrees

Course work for students who enter the program with a non-accounting bachelor's degree is determined by each student's background and interest area. In addition to meeting the core program requirements for the M.Ac., students typically take a combination of undergraduate and M.B.A. courses to remove academic deficiencies in quantitative methods, business, and accounting. Students with a bachelor's degree in another area of business typically are required to take 45-51 s.h. in order to complete the M.Ac. program. Those with degrees outside of business and with no accounting courses typically are required to take 57-60 s.h.

CPA Examination and the Iowa Accountancy Act

The Iowa Accountancy Act that became effective in January 2001 requires individuals who wish to take the CPA examination to have a bachelor's degree, 24 s.h. of business course work, and 24 s.h. of accounting course work beyond 06A:001 (ACCT:2100) Introduction to Financial Accounting.

Admission

Admission to the M.Ac. program is competitive. The admissions committee reviews applications individually, considering quantitative aspects (grade-point average and GMAT scores) and qualitative aspects of each applicant's background and professional experience (if applicable) to assess the applicant's potential for academic success and professional growth.

Applicants must meet the admission requirements of the Graduate College; see the Manual of Rules and Regulations of the Graduate College or the Graduate College section of the Catalog.

Application materials must include the following: the Application for Graduate Admission; official transcripts of all undergraduate and graduate course work submitted by each institution the applicant has attended; official scores on the Graduate Management Admission Test (GMAT); a supplemental application form with essay responses; a résumé and cover letter; and at least three letters of reference from former instructors or employers. (B.B.A. accounting students at The University of Iowa are not required to provide letters of reference.)

Applicants whose first language is not English must score at least 600 (paper-based) or 100 (Internet-based) on the Test of English as a Foreign Language (TOEFL).

University of Iowa undergraduate accounting students are encouraged to take the Graduate Management Admission Test (GMAT) the summer before their senior year. They may apply to the M.Ac. after December 1 of their fourth year. See "Application Deadlines" below.

For complete information about application procedures, contact the Department of Accounting.

APPLICATION DEADLINES

The Department of Accounting admissions committee reviews completed M.Ac. application files (which must include official GMAT scores) on five dates: March 1, April 15, July 15, October 1, and December 1. Applications are reviewed on these dates regardless of whether the applicant plans to begin the M.Ac. program in the fall semester (August), spring semester (January), or summer session (June). Final Graduate College application deadlines are as follows.

Fall semester entry: July 15 (April 15 for international students)

Spring semester entry: December 1 (October 1 for international students)

Summer session entry: April 15 (March 1 for international students)

Students who wish to apply for a teaching assistantship must apply to the M.Ac. program no later than March 1.

Joint M.Ac./J.D.

The Department of Accounting and the College of Law offer the joint Master of Accountancy/Juris Doctor program. The joint M.Ac./J.D. requires a minimum of 18 s.h. of graduate course work in accounting. Students in the program may count up to 12 s.h. of College of Law courses as electives for the M.Ac. and up to 12 s.h. of graduate accounting courses as electives for the J.D. Separate application to each degree program is required; applicants must be admitted to each program before they may be admitted to the joint program.

For information about the J.D. degree, see the College of Law section of the Catalog.

Doctor of Philosophy

Graduate students in accounting may earn a Doctor of Philosophy in business administration. For a description of the Ph.D. program and requirements, see Doctor of Philosophy (Tippie College of Business) in the Catalog and visit the Department of Accounting web site.

Applicants must meet the admission requirements of the Graduate College; see the Manual of Rules and Regulations of the Graduate College or the Graduate College section of the Catalog. Application materials must include the applicant's score on the Graduate Management Admission Test (GMAT).

Faculty

The department's faculty members stay current in their discipline by producing and disseminating accounting-related knowledge. They keep abreast of the latest developments in the field of education and the profession by participating in educational conferences and seminars and publishing in leading academic journals.

Courses

Primarily for Undergraduates 

06A:001 (ACCT:2100) Introduction to Financial Accounting3 s.h.
Accounting and financial reporting procedures used by business and not‑for‑profit entities; emphasis on accounting concepts and use of accounting information in making economic decisions. Requirements: sophomore or higher standing.
 
06A:002 (ACCT:2200) Managerial Accounting3 s.h.
Basic topics in cost behavior, measurement, accumulation; use of cost data for relevant analysis, budgeting, performance evaluation. Prerequisites: 06A:001 (ACCT:2100), 06E:001 (ECON:1100), and 22M:017 (MATH:1380).
 

For Undergraduate and Graduate Students 

06A:101 (ACCT:4050) Directed Readings in Accountingarr.
Individual guided readings in accounting topics. Requirements: admission to Professional Program in Accounting.
 
06A:120 (ACCT:3020) Financial Accounting and Reporting3 s.h.
External financial reporting practices in context of decisions by management, current and potential stockholders, financial analysts; emphasis on interpretation, use of financial statements. Prerequisites: 06A:002 (ACCT:2200). Requirements: non‑accounting major.
 
06A:130 (ACCT:4200) Accounting for Management Analysis and Control3 s.h.
Advanced topics in cost estimation, measurement, accumulation; use of cost data for decision making, performance evaluation in multi‑unit organizations. Prerequisites: 06E:071 (ECON:2800) and 06K:070 (MSCI:2000). Requirements: admission to Professional Program in Accounting.
 
06A:131 (ACCT:3200) Income Measurement and Asset Valuation3 s.h.
Accounting rules that determine how economic events and transactions are described in published financial reports; emphasis on revenue and expense recognition, asset valuation, accrual accounting model. Corequisites: 06A:133 (ACCT:3400). Requirements: admission to Professional Program in Accounting.
 
06A:132 (ACCT:3300) Valuation of Financial Claims3 s.h.
Current and long‑term liabilities and stockholders' equity, off‑balance sheet financing, cash flow statement, earnings‑per‑share, financial instruments. Prerequisites: 06A:131 (ACCT:3200) and 06A:133 (ACCT:3400). Corequisites: 06A:150 (ACCT:3100).
 
06A:133 (ACCT:3400) Introduction to Taxation3 s.h.
Federal income taxation of individuals and businesses, including corporations, partnerships, and sole proprietorships; emphasis on developing a broad perspective on structure, administration, and rationale of federal income tax system. Corequisites: 06A:131 (ACCT:3200). Requirements: admission to Professional Program in Accounting.
 
06A:134 (ACCT:3600) Applied Information Systems3 s.h.
Application of computer technology to accounting and transaction processing systems; information systems infrastructure and trends; problem solving with microcomputer spreadsheets, databases; accounting cycle operations. Prerequisites: 06A:001 (ACCT:2100), 06A:002 (ACCT:2200), and 06K:070 (MSCI:2000) or 06K:170. Same as 06K:180 (MSCI:3100).
 
06A:141 (ACCT:3500) Advanced Tax Topics3 s.h.
Taxation of corporations and partnerships from organization through liquidation; relative merits of conducting business as C corporation, partnership, S corporation; the alternative minimum tax; introduction to tax research. Prerequisites: 06A:133 (ACCT:3400). Requirements: senior standing.
 
06A:144 (ACCT:4100) Auditing3 s.h.
General framework underlying auditing, role of audit standards in planning and conduct of audits, effect of regulation, ethics, liability on audit practices. Prerequisites: 06A:132 (ACCT:3300), 06A:150 (ACCT:3100), 06E:071 (ECON:2800), and 06K:180 (MSCI:3100). Requirements: senior standing.
 
06A:145 (ACCT:4400) Advanced Financial Accounting3 s.h.
Accounting and reporting standards for business combinations, including mergers, consolidations, and multinational enterprises; accounting for partnerships, business segments, transactions denominated in foreign currency, including hedges using foreign currency derivate instruments; reporting standards for interim financial statements and fund accounting applied to government and nonprofit entities. Prerequisites: 06A:132 (ACCT:3300). Requirements: senior standing.
 
06A:147 (ACCT:4500) Accounting Measurement: Research and Analysis3 s.h.
How uncertainty and risk influence accounting judgments, estimates, and forecasts that underlie reported financial statement amounts; applications drawn from familiar accounting measurement challenges and those unique to industries (e.g., airline transportation, healthcare, insurance, gaming, oil and gas exploration). Prerequisites: 06A:132 (ACCT:3300). Corequisites: 06A:144 (ACCT:4100).
 
06A:148 (ACCT:4300) Business Law3 s.h.
Contracts, sales, debtor‑creditor relations, business organizations, other aspects of law applied to business. Prerequisites: 06J:047 (MGMT:2000). Requirements: senior standing.
 
06A:149 (ACCT:3000) Financial Statement Analysis3 s.h.
How to analyze published financial statements; practical experience using financial statement information to assess accounting quality, historical performance, forecasted performance, credit risk, firm value. Prerequisites: 06A:120 (ACCT:3020).
 
06A:150 (ACCT:3100) Professional Orientation Seminar Series1 s.h.
Seminar topics, including accounting careers, curriculum, M.Ac. program, internships, CPA examination and other professional certificates, Beta Alpha Psi, ethics, and global standards. Offered fall semesters. Corequisites: 06A:131 (ACCT:3200) or 06A:132 (ACCT:3300). Requirements: admission to Professional Program in Accounting.
 
06A:170 (ACCT:4000) Special Topics in Accounting1-3 s.h.
 
06A:171 (ACCT:4001) Continuing Education: Special Topics in Accountingarr.
Independent study topics determined by faculty member.
 
06A:195 (ACCT:4999) Honors Thesis in Accounting3 s.h.
Independent student project directed by faculty or staff advisor; culminates in thesis that conforms to University Honors Program guidelines; may include empirical research, library research, applied projects. Prerequisites: 06B:194 (BUS:3999) or 06E:194 (ECON:3999). Requirements: admission to the Tippie College of Business honors program.
 
06A:199 (ACCT:4900) Academic Internship1 s.h.
Professional internship experience.
 

Primarily for Graduate Students 

06A:220 (ACCT:9120) Design and Use of Cost Management Systems3 s.h.
Development of cost accumulation and reporting systems that complement a firm's strategy and structure; how activity‑based cost management systems increase competitiveness by helping a firm manage its costs, processes, people. Prerequisites: 06A:130 (ACCT:4200) or 06A:235 (ACCT:9020).
 
06A:221 (ACCT:9130) Financial Reporting: Theory and Practice3 s.h.
Corporate accounting choices in framework of traditional accounting theory, economic consequences, firm valuation. Prerequisites: 06A:132 (ACCT:3300). Requirements: graduate standing in business.
 
06A:230 (ACCT:9140) Advanced Auditing3 s.h.
Advanced issues such as ethics, internal control audits, forensic auditing, and fair value auditing. Prerequisites: 06A:144 (ACCT:4100). Requirements: graduate standing in business.
 
06A:231 (ACCT:9050) Taxes and Business Strategy3 s.h.
Effect of taxes on business decisions, including investment strategies, capital structure decisions, compensation policies, international business, mergers and acquisitions, and financial reporting. Prerequisites: 06A:141 (ACCT:3500) and 06N:215 (MBA:8140). Requirements: graduate standing in business.
 
06A:235 (ACCT:9020) Strategic Cost Analysis3 s.h.
Introduction to cost accumulation, reporting, cost management systems; managerial and divisional performance evaluation; appropriate use of cost data for short‑ and long‑run decisions; product costing in manufacturing and service industries. Prerequisites: 06N:215 (MBA:8140).
 
06A:240 (ACCT:9030) Financial Accounting Standards and Analysis3 s.h.
Accounting model, underlying measurement concepts, valuation rules for assets, liabilities, related issues of income determination; emphasis on economic substance of transactions, evaluation and interpretation of financial data. Prerequisites: 06N:215 (MBA:8140).
 
06A:241 (ACCT:9150) Tax Research3 s.h.
Understanding the validity and use of various tax law sources; performing tax research using printed and electronic tax materials; evaluation of tax law provisions and application to specific facts and circumstances; preparing tax memorandums. Prerequisites: 06A:141 (ACCT:3500). Requirements: admission to M.Ac. program.
 
06A:245 (ACCT:9040) Financial Information and Capital Markets3 s.h.
Use of corporate financial statements for investment and lending decisions; emphasis on financial analysis techniques, valuation, business analysis, cash flow projections, credit scoring, related research evidence. Prerequisites: 06N:215 (MBA:8140), or 06A:131 (ACCT:3200) and 06A:132 (ACCT:3300); and 06N:225 (MBA:8180).
 
06A:246 (ACCT:9160) Corporate Governance3 s.h.
How to evaluate and implement mechanisms for good corporate governance; to ensure returns for investors and firms' access to capital markets on reasonable terms; perspectives of investor, firm, regulator.
 
06A:286 (ACCT:7850) Seminar in Accounting Researcharr.
Forum on current research in accounting, related disciplines; faculty, student, guest papers, Ph.D. dissertation proposals. Requirements: Ph.D. enrollment.
 
06A:287 (ACCT:7900) Seminar in Selected Accounting Topicsarr.
Individual study, research paper preparation. Requirements: Ph.D. enrollment.
 
06A:290 (ACCT:7975) Thesis: Accountingarr.
Requirements: Ph.D. enrollment.