Accounting

• GSM AC 710: Financial Reporting and Control
  An introduction to accounting, and an examination of how it helps in decision-making. Financial accounting (information needs of stockholders, creditors, and analysts) and managerial accounting (information needs of managers) are stressed equally. Topics covered include income statement and balance sheet format, purposes, and limitations; statement of cash flows; analysis of financial statements; cost behavior; use of relevant costs in decision making; budgeting; and divisional performance measurement.
• GSM AC 711: Financial Reporting and Control
  An introduction to accounting, and an examination of how it helps in decision-making. Financial accounting (information needs of stockholders, creditors, and analysts) and managerial accounting (information needs of managers) are stressed equally. Topics covered include income statement and balance sheet format, purposes, and limitations; statement of cash flows; analysis of financial statements; cost behavior; use of relevant costs in decision making; budgeting; and divisional performance measurement.
• GSM AC 814: Financial Statement Analysis & Investor Decisions
  Graduate Prerequisites: OB712/713, AC710/711, QM716/717, MK723/724, FE721/722
  This course is designed to develop skills in interpreting and analyzing the financial reports prepared by firms for investors and creditors. The following topics are covered: 1) analyzing profitability and risk , (2) understanding the major accounting choices affecting financial statements and managerial incentives that influence these choices, (3) assessing the quality of earnings, (4) using cash-flow based and earnings-based valuation models. The course also includes a brief review of some important accounting principles, emphasizing areas that were not covered in AC710. [Lectures, exercises, exams, and project.]
• GSM AC 840: Nonprofit Financial Management
  Graduate Prerequisites: AC710/711
  This course will build on the fundamentals of accounting and finance introduced during the first semester, and allow students to apply that learning in a nonprofit context. Cases will involve a broad array of entities, including charter schools, human-service providers, international economic development agencies, universities, environmental groups and youth development organizations. Students will be challenged to hone their financial analysis skills by examining the strategic financial implications involved in capital projects, growth, debt financing, turnarounds, and collaboration and mergers. In addition, the course will look at how nonprofit leaders build critical financial capacities such as budgeting, working with the board, fundraising, and investing.
• GSM AC 841: Advanced Accounting
  Graduate Prerequisites: AC710/711, AC847 and AC848 (or concurrently)
  Examines accounting principles and practices related to business combinations and foreign operations (accounting for mergers and acquisitions, constructing consolidated financial statements, recording foreign currency transactions and hedging exchange risk, translating foreign subsidiaries' local currency financial statements), business segments, reporting for local governments, and the impact of the SEC and international standards on financial reporting. Meets w/undergraduate AC541
• GSM AC 847: Intermidiate Accounting I
  Graduate Prerequisites: AC710/711
  Topics covered: 1) Review of generally accepted accounting principles, especially matching concept and revenue recognition rules. 2) Consideration of balance sheet and income statement classification issues. 3) Accounting and reporting issues related to cash, accounts receivable, inventories, investments, intangibles, and plant assets.
• GSM AC 848: Intermediate Accounting II
  Graduate Prerequisites: AC710/711, AC847
  This course focuses on the recognition and measurement of issues in accounting related to income taxes, lease obligations, and pension liabilities and equity. It focuses further on the preparation of, and uses for, statement of cash flows; calculating, reporting, and interpreting financial measures, including earnings per share; the nature and purpose of segment and interim reporting; and accounting for changing prices. The course also provides a brief overview of the auditor's opinion.
• GSM AC 865: Auditing Issues & Problems
  Graduate Prerequisites: AC710/711 and AC847
  Introduces the basic concepts underlying auditing and assurance services (including materiality, audit risk, and evidence) and demonstrates how to apply those concepts to audit and assurance services through financial statement audits.
• GSM AC 869: Principles of Income Taxation I
  Graduate Prerequisites: AC710/711
  Federal income tax law common to all taxpayers--individuals, partnerships, corporations. Tax returns for individuals. Topics include tax accounting, income to be included and excluded in returns, tax deductions, ordinary and capital gains and losses, inventories, installment sales, depreciation, bad debts, and other losses.
• GSM AC 909: Contemporary Accounting Topics
  This course, required of accounting doctoral students, introduces several fields of contemporary accounting research and research methodologies which are not covered in the financial accounting, managerial accounting, and research methods seminars. This seminar is also intended to provide an opportunity for students to study interdisciplinary research involving accounting.
• GSM AC 918: Financial Accounting Research
  This course, required of accounting doctoral students, covers contemporary research in financial accounting, reviewing major trends and addressing methodological issues in such research. The course emphasis is on development of skills in designing and executing research projects involving financial accounting.
• GSM AC 919: Managerial and Cost Accounting
  This course, required of accounting doctoral students, covers contemporary research in managerial accounting. We review major trends in analytical and empirical research, including agency theory. Students are required to design a research project around a managerial accounting question.
• SMG AC 221: Financial Accounting
  Undergraduate Prerequisites: SMG SM 121/122 or SMG SM 299; CAS MA 120, CAS MA 121, or CAS MA 123; sophomore standing
  Sophomore requirement. Basic concepts underlying financial statements and accounting procedures used in preparing statements of financial position, income statements, and statements of cash flow. Stresses the interpretation, analysis, and evaluation of published financial statements.
• SMG AC 222: Managerial Accounting
  Undergraduate Prerequisites: SMG AC221; SMG SM221 (previous or concurrent) highly recommended; Sophomore standing
  Sophomore requirement. Introduces the basic principles, methods, and challenges of modern managerial accounting. Covers traditional topics such as job-order costing, cost-volume-profit analysis, budgeting and variance analysis, profitability analysis, relevant costs for decision making, and cost-plus pricing, as well as emerging topics such as Activity-Based Cost (ABC) accounting. The material is examined from the perspective of students preparing to use management accounting information as managers, to support decision making (such as pricing, product mix, sourcing, and technology decisions) and short- and long-term planning, and to measure, evaluate, and reward performance. Emphasizes the relationships between accounting techniques and other organizational activities (such as strategy and motivation).
• SMG AC 347: Intermediate Accounting I
  Undergraduate Prerequisites: SMG AC 222.
  Required for Accounting concentrators. Provides foundation for solving financial reporting issues through the study of the conceptual framework of accounting, recognition and measurement of current and non-current assets, revenue recognition, and the development of the income statement and balance sheet.
• SMG AC 348: Intermediate Accounting II
  Undergraduate Prerequisites: SMG AC 347
  Required for Accounting concentrators. Continues with providing a foundation for solving financial reporting issues through the study of liabilities (including pensions, bonds, and leases), interperiod tax allocation, stockholder?s equity, and the statement of cash flows.
• SMG AC 414: Financial Statement Analysis
  Undergraduate Prerequisites: Prereq or coreq: AC348 and senior standing
  Analysis of corporate financial statements. Includes profitability analysis, liquidity and solvency analysis, the incentives of management in corporate reporting, and the use of accounting information in efficient capital markets.
• SMG AC 430: Accounting Research
  Undergraduate Prerequisites: SMGAC348
  Develops and practices research skills required of an accounting professional. Use accounting-related resources to research and understand accounting reporting issues and authoritative guidance for application of GAAP.
• SMG AC 445: Advanced Managerial Accounting
  Integrates knowledge from the fields of accounting, economics, and finance to investigate current issues related to management control, financial analysis and valuation, corporate governance, and strategic cost analysis.
• SMG AC 469: Principles of Income Taxation I
  Undergraduate Prerequisites: SMG AC347 (previous or concurrent)
  Federal income tax law common to all taxpayers: individuals, partnerships, and corporations. Tax returns for individuals. Topics include tax accounting, income to be included and excluded in returns, tax deductions, ordinary and capital gains and losses, inventories, installment sales, depreciation, bad debts, and other losses.