Accounting
Note: the courses on this page reflect Summer Term 2008 offerings.
Please check back on December 15 for a list of courses available during Summer Term 2009.
Metropolitan College
UNDERGRADUATE COURSES
MET AC 200 Principles of Accounting
Explore business accounting courses with this introduction to accounting concepts
for non-business students. Financial statements; the accounting cycle; cash,
accrual, and other methods of income measurement. Corporations: operations,
organization, and stockholders’ equity. Introduction to cost accounting
and managerial control techniques. Does not substitute for AC 201. 4 cr.
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MET AC 201 Accounting I
Basic principles of financial accounting underlying transaction analysis and
the preparation of financial statements. Requirement for accounting degree
candidates. 4 cr.
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GRADUATE COURSE
MET AC 630 Financial and Managerial Accounting
Introduction to the concepts, methods, and problems of financial and
managerial accounting. Includes data accumulation, accounting principles, financial
statement analysis, measurement and disclosure issues, cost analysis, budgeting
and control, production costs, and standard costs. 4 cr.
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School of Management
UNDERGRADUATE COURSES
Non-SMG Boston University degree candidates: Permission is
required for SMG courses. Students should go to the SMG Undergraduate Program
Office for permission. For more information, contact the SMG Undergraduate
Program
Office at 617-353-2650.
Visiting students can register online, by mail, or in person
at the Summer Term office.
SMG students should register via the Student Link.
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SMG AC 221 Financial Accounting
Prereq: SMG SM 121/122 or SMG SM 299, 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. 4 cr.
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SMG AC 222 Managerial Accounting
Prereq: SMG AC 221, SMG SM 221 (previous or concurrent) highly recommended,
and sophomore standing. Sophomore requirement. SMG AC 222 is a department-coordinated
course that introduces the basic principles, methods, and challenges of modern
managerial accounting. It 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. The course emphasizes the
relationships between accounting techniques and other organizational activities
(such as strategy and motivation). 4 cr.
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Advanced Accountancy Certificate Program
The School of Management offers a Certificate in Advanced Accountancy designed to help fulfill the 150-credit hour requirement to sit for the Certified Public Accounting exam. Students may opt to take the following five courses as a block for the Certificate program, or as individual components. Since educational requirements for the CPA differ from state to state, students should check for the particular requirements of the State Board of Accountancy for the state in which they are interested.
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SMG AC 541 Advanced Accounting
Prereq: SMG AC 348. Examines accounting issues relating 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. 4 cr.
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SMG AC 544 International Accounting
Prereq: SMG AC 348. Current international accounting regulations and
practices are discussed. Focuses on the impact of international accounting
regulations
and practices upon multinational corporations' financial planning, their economic
consequences, and international financial statement analysis. Additional discussions
deal with joint ventures, foreign currency transactions and translation of
foreign financial statements, international taxation, and international standards
and
organizations. 2 cr.
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SMG AC 555 Not-for-Profit Accounting
Prereq: SMG AC 348. This course deals with the principles
of accounting and reporting for nonprofit organizations and local government.
2 cr.
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SMG AC 565 Auditing
Prereq: SMG AC 348. Introduces the basic concepts underlying auditing
and assurance services (including materiality, audit risk, and evidence) and
demonstrates how to apply these concepts to audit and assurances services through
financial statement audits. 4 cr.
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SMG AC 579 Principles of Income Taxation II
Prereq: SMG AC 469. Certain common and special Federal tax laws for
individuals, partnerships, corporations, estates, trusts, and miscellaneous
entities. Topics include income tax returns for partnerships, business corporations,
special corporations, decedents, estates, and trusts. Survey coverage of corporate
liquidations, pension and profit-sharing plans, IRS audits, and estate and gift
taxes. 4 cr.
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Graduate School of Management
GRADUATE COURSES
Candidates for the MBA at Boston University are given first consideration
for enrollment in the courses offered by the Graduate School of Management.
Students currently matriculated as candidates for other graduate degrees offered
by Boston University (except Metropolitan College), visiting MBA students from
other AACSB accredited institutions, and MBA alumni from GSM or another AACSB
accredited institution may be granted permission to enroll on a space available
basis, provided that they meet criteria established by the School of Management
for registration as "cross enrolled students" and the student fills
out the appropriate "cross enrollment application." All students must
meet the prerequisites established for enrollment in advanced courses.
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GSM AC 814 Financial Statement Analysis & Investor
Decisions
Prereq: GSM CD 710 or OB 710/711 or OB 712/713, AC 710/711, QM 716/717,
MK 723/724, FE 721/722. 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.] 3 or 4 cr.
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GSM AC 841 Advanced Accounting
Prereq: GSM AC 710/711, AC 847 and AC 848 (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 with SMG AC 541. This class follows
the University's Summer Term Schedule. 3 or 4 cr.
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GSM AC 865 Auditing Issues & Problems
Prereq: GSM AC 710/711 and AC 847. 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. Meets with SMG AC 565. This class follows
the University's Summer Term Schedule. 3 or 4 cr.
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Courses of Related Interest
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