This course will introduce students to the procedures and standards of public accountants in the auditing profession. Emphasis will be on risk and substantive testing, auditor’s working papers, internal control, substance of audit reports and data analytics. Audit memos will be completed to integrate the Accounting Standards Codification into the audit process.
Each course offering may be a different topic related to accounting.
Example Topics and descriptions include
Fraud Examination - Fraud exists in every industry; thus, this course will look at fraud from the whole business perspective. Fraud can cost your business anywhere from a couple hundred dollars to a couple billion dollars. This course will uncover the techniques that were used to commit these frauds and the preventions that can be put in place to stop fraud before it occurs. This course will include analysis and discussion of cases from industry along with learning the terminology and computations of fraud examination.
Emerging Technologies – Technology is more entwined with accounting than ever before. This topic section will discuss the new technologies that are part of the accounting industry’s evolution. The type of technologies discussed will be identified in the term the class is taught.
Each course offering may be a different topic related to accounting.
Example Topics and descriptions include
Financial Reporting and Analysis – For students to become skilled preparers and informed consumers of financial statement information. Course will foster a “critical thinking” approach to learning the accounting subject matter. Students will develop an understanding of the environment in which financial reporting choices are made, what the options are, how accounting information is used for various type of decisions, and how to avoid misusing financial statement data. This approach will integrate perspectives of accounting, corporate finance, economics, and critical analysis to help students grasp how business transactions get reported and understand the decision implications of financial statement numbers. Students will analyze 10Ks of public companies to incorporate classroom material with real world application.
IFRS – International Reporting Standards. As the economy continues to grow into a global economy, accountants need to be aware of the different standards of accounting around the world. One such standard is IFRS. This course will explore commonalities and differences of US GAAP, IFRS, and other predominant standards.
Sustainability in Accounting and Business – Each company is looking to provide a more sustainable future for themselves and the Earth. How do we account for such transactions? What must be disclosed to our financial statement readers? These questions and more will be answered as this course covers what sustainability means in business and how we can account for it.
This course will introduce students to the development, operation, and auditing of accounting information systems. Future accounting and finance professionals will learn how to oversee accounting system functions, implement and review systems of internal controls, and understand how to ensure organizations have accurate financial information to support decision-making. Classes will include hands-on application with software packages. Students will be expected to become competent in applying their new knowledge to real world applications.
Managerial decision analysis is an integrative study of current and developing processes by which financial and operational information is prepared for management use, with an emphasis on information needs for planning, controlling, decision-making, and performance evaluation. Case studies will help students integrate functional disciplines that have been studied in the core undergraduate curriculum and understand and apply an emerging body of knowledge related to strategic decisions made by managers. Top management teams, boards of directors and supervisors require performance information to deal with complex and unstructured problems in dynamic, rapidly changing social, technological and economic environments.
A study of the unique accounting standards applicable to state and local governments and non-profits. In this course students will explore the types of funds used by governmental entities, compare the governmental financials to for profit financials and discover the differences. Students will critically analyze various cities across the United States using data from each city’s CAFR. The student will discover where their city is successful and where there are areas of concern. The second portion of the course will cover non-profits and how this type of accounting differs from governments and for profit entities. The students will use data from various reports, 990’s and financial statements, to compare non-profit entities and identify the differences and what may be causing them.
A study of tax accounting pertaining to entities. Corporations, partnerships, s-corporations, estates and trusts will all be discussed. The impact of book to tax differences, debt, and flow through status will all be examined. Students will utilize tax software to prepare returns of all entity types. Data analytics and analysis of the entity return will be utilized to develop tax planning strategies. Students will convey these strategies through written communication. Written communication will continue as students use the IRS code to research various situations.
This course will enable the student to understand and explain the accounting for business combinations. Students will utilize Excel to prepare consolidated financial statements. Students will study foreign currency transactions and hedging of foreign exchange risk. Lastly, the study of Partnerships from formation to liquidation will be completed.
This internship program provides an opportunity for students to participate in a learning experience away from the traditional classroom. Students will be part of an organization and will be participating in the managerial or financial aspects. Students will apply the concepts and theories learned in the classroom. The culminating assignment will be a research paper that connects the theories of the classroom, professional research, and application at the organization. The student will be under the direct supervision of a supervisor of the cooperating organization and progress will be monitored by the department’s internship coordinator.
Each course offering may be a different topic related to accounting.