Albers is accredited by AACSB International - The Association to Advance Collegiate Schools of Business. As of July 2015, less than five percent of the world’s business schools and less than one third of U.S. business schools have achieved business accreditation from AACSB.
2015-2016 Graduate CatalogAll graduate courses are 3 credits, unless otherwise noted.Syllabi information is for reference only; information may not be current.
Concepts and principles underlying financial accounting, with emphasis on interpreting the content of published financial reports. Introduction and examination of the balance sheet, income statement, statement of cash flows, basic accounting model, accounting cycle, underlying assumptions, and conventions.
Accounting information for decision making, planning, and controlling the operations of business enterprises. Introduction and examination of product costing systems, capital budgeting methods, cost-volume-profit analysis, and the structure and use of management financial control systems, FINC 5000 recommended.
Prerequisite: ACCT 5030
These intermediate financial accounting courses are designed to prepare the student for a career in professional accounting. Upon conclusion of the sequence the student should: (1) understand the issues involved in accounting policy choice; (2) understand the process and the conceptual framework according to which accounting standards are set in the United States; (3) have in-depth knowledge of accounting for transaction, events, and adjustment affecting assets, liabilities, shareholders equity, revenues, expenses, gains, and losses.
Prerequisite: ACCT 5110
Discussion and analysis of costing techniques, use of accounting data in planning and evaluating managerial performance, and use of accounting data in short-run and long-run decisions. Special attention directed to issues in current developments in cost allocation, planning, and performance evaluation.
Prerequisite: ACCT 5040 or equivalent
Purpose, scope, concepts, and methods used in examining and attesting to financial statements. Current issues concerning professionalism and role of the public accountant.
Prerequisite: ACCT 5120 or instructor permission
Introduction to the basic concepts of federal income taxation for the various forms of business organizations. Use of tax service and research in tax problems.
Prerequisite: ACCT 5030
This course integrates principles from accounting and finance in the joint processes of: (1) unraveling published financial statements in order to generate pro-forma financial statements; and (2) applying rigorous models to estimate the fair value of the anticipated future streams of cash and earnings. Emphasis throughout the course is on using data drawn from actual financial reports to make decisions that professional analysts make under time and competitive pressures. Participants work in teams and are required to communicate their recommendations to "investors" both verbally and in writing. Cross listed with FINC 5300. Recommended after completion of MBA 5150.
Prerequisite: ACCT 5110 and FINC 5000
Emphasizes the analysis of accounting information with explicit considerations of strategic issues and concerns, including financial analysis and management control as tools for formulating and implementing strategies for achieving competitive advantage. Topics include activity-based management, target costing, balanced scorecard, and financial measures of performance.
Prerequisite: ACCT 5130
This course provides an introduction to fraud examination from an accounting viewpoint and is designed to promote the development of analytical skills that can be utilized by professionals responsible for the prevention, detection, and investigation of fraud.
This course provides understanding of the audit functions as they relate to the internal operation of a business operation. Topics include managing risk, internal controls, audit approach and audit field work, and auditing IT systems.
Prerequisite: ACCT 5140 or equivalent
Internal Audit II is designed for individuals who want to develop the attributes that are required in the Internal Audit profession. The primary attributes are integrity, positive attitude, work ethic, teamwork, and interpersonal skills. This course has been designed with topics to prepare students for the responsibilities and challenges faced as an internal auditor. The course format will include discussions on internal audit topics as well as practical experience completing an internal audit project.
Concepts and practices underlying generally accepted accounting principles relating to equity method investments, business combinations, foreign currency transactions and translation. Analysis of how non-controlling interests are reflected in accounting reports. Emphasis on interpreting and applying professional accounting standards.
Prerequisite: ACCT 5120
This auditing course extends the coverage of auditing topics to legal liability of auditors, audit sampling, fraud/forensic accounting, internal audit, and other assurance services including review, compilations, reporting on internal controls, and financial forecasts.
Study of advanced topics in federal taxation, including formation, operation, and dissolution of the business entity. Also includes the importance of ethical considerations, and special tax subjects. Course requires participation in the Volunteer Income Tax Assistance program which includes two Saturday workshops in January. Emphasis is given to the development of communication skills in a professional-to-client environment. The taxpayer assistance component of the course is spread over parts of the winter and spring quarters. Students receive an “N” grade for winter quarter and the course grade spring quarter.
Prerequisite: ACCT 5150
This course develops an integrated knowledge of accounting and finance and provides a financial reporting perspective for fair value- related issues. Topics will relate to the accounting for business combinations and asset impairments including the recognition and valuation of intangibles and contingencies, stock compensation accounting, derivatives accounting including assessing hedge effectiveness and the accounting for hybrid financial instruments. Cross-listed with FINC 5340.
Prerequisites: ECON 5100, FINC 5050, FINC 5105, ACCT 5330, ACCT 5210/FINC 5300, two of FINC 5115, FINC 5310 or FINC
The tools and approaches in support of decision-making in a business setting, with special emphasis on accounting and finance applications. Extensive use of current software applications. During the term, students work on a variety of problems of practical relevance such as project selection under budgetary constraints and corporate valuation.
Prerequisite: ACCT 5040 & FINC 5000 or equivalent
The study of the accounting principles and practices of governmental and not-for-profit organizations. Examines the reporting, tax, and auditing issues important to entities operating as not-for-profits, such as government entities, social agencies, churches, schools, etc.
See administrative office for prerequisites and course descriptions.
The study of accounting issues and environment of a foreign country. Course will include travel to the country to observe activities and conditions and to meet with representatives of businesses and other institutions. Location of tour can vary. Check with the department for details.
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Independent study. Individualized reading and reporting on a specific topic approved by an instructor. The program of study and conference times must total 30 hours of study and contact hours for every one-credit taken. Grading option negotiated with instructor for CR/F or letter grade (student option). (1 - 3 credits)