California State University, Fullerton

Accounting

DEPARTMENT CHAIR
Betty Chavis

DEPARTMENT OFFICE
Steven G. Mihaylo Hall 4313

DEPARTMENT WEBSITE
http://www.business.fullerton.edu/accounting

PROGRAMS OFFERED
Bachelor of Arts in Business Administration
Concentration in Accounting
Joint Emphasis in Accounting and Finance
Master of Science in Accountancy
Master of Science in Taxation
Master of Business Administration
Concentration in Accounting

FACULTY
Fatima Alali, Betty Chavis, Paul Foote, C. Terry Grant, Gerry H. Grant, Mahamood Hassan, A. Jay Hirsch, Gerald Hoth, Wei Jiang, Vijay Karan, K. J. Kim, Andrew Luzi, Vivek Mande, Robert Miller, Jose Miranda-Lopez, Christopher Petruzzi, Mohsen Sharifi, Myungsoo Son, Kim Tarantino, Kathleen Wright

ADVISERS
The Undergraduate Business Advising Center in Steven G. Mihaylo Hall 1201 and the Graduate Programs Advising Center in Steven G. Mihaylo Hall 3280 provide information on admissions, curriculum and graduation requirements; registration and grading procedures; residence and similar academic matters. In addition, the Department of Accounting faculty and chair provide advising on curriculum content and career opportunities in Accounting, the CPA Examination and Taxation.

MISSION STATEMENT
Our mission is to offer high quality accounting educational programs that are relevant to a diverse group of undergraduate and graduate students. The Department of Accounting recognizes its role in society by assisting students as they prepare for successful careers in the accounting profession. The Department of Accounting also strives to advance accounting education and knowledge through basic, applied and pedagogical research and other scholarly activities, and promote valuable associations with business and professional communities.

DEPARTMENT OBJECTIVES
Undergraduate Education
To provide a competency-based education in accounting that qualifies accounting majors for entry-level accounting positions in private industry, government, public accounting or not-for-profit organizations. The undergraduate education also will provide a foundation for advancement through professional certification and success in graduate studies.

Graduate Education
To provide advanced professional education that strengthens the skills of graduate students in both general and technical competencies and enhances the student’s ability to enter or continue in leadership roles and to develop increased professional responsibilities in private industry, government, public accounting or not-for-profit organizations. The fifth year of graduate education also fulfills the AICPA 150-hour requirement.

Educational Support
To serve the educational needs of the Mihaylo College of Business and Economics, as well as other colleges and departments of the university by teaching various accounting courses that may be required or requested within the resource constraints of the Department.

Enhanced Intellectual Capital
To enhance the intellectual growth of its faculty by encouraging and supporting fundamental and applied research, as well as faculty development activities. This includes support of active participation and leadership in local, regional and national academic and professional accounting organizations.

Community Outreach
To support student and alumni activities, and encourage outreach activities that address accounting needs of the local, regional and global communities. This support includes developing strong ongoing relationships with local and regional employers, community colleges and other community organizations.

International Learning Opportunities in Accounting
The Department of Accounting includes an integrated international perspective in its courses at both the undergraduate and graduate levels. In addition, a graduate class in international accounting is offered for all interested students.

Ethics
The Department recognizes that numerous ethical decisions must be made in today’s business environment. Therefore, our accounting classes use cases and problems to help students develop an ability to evaluate ethical situations.

INTRODUCTION
Accounting is often referred to as “the language of business.” Very generally, the accounting process is concerned with recording, classifying, reporting and interpreting the economic data of an organization. These data are important to users, who may include managers, investors and other interested groups. Accounting helps in decision-making processes by showing how resources have been used and where commitments have been made, by judging performance, by showing the implications of following different courses of action, by determining the effects of taxation and by providing a level of assurance to investors. Reliable information in a dynamic business environment is necessary for sound decisions concerning the allocation of scarce resources. Thus, accounting plays a very significant role in our social and economic systems.

Programs in accounting are designed for students who are interested in careers in public accounting, corporate financial management, industry, government or service organizations, and for students who intend to work for advanced degrees in accounting in preparation for teaching and research.

Teacher Credential Program Information
The Department of Accounting offers courses that may be included in the Single Subject Waiver Program in Business. Further information on the requirements for teaching credentials is contained in the Teacher Credential Programs section of this catalog.

Department Awards in Accounting
Accounting Society Award
Achievement Awards
Beta Alpha Psi Award
GPA Award
International Student Awards
Leadership Award
Outstanding Graduate Student Award
Outstanding Role Model Award
Other Scholarship Awards
Accounting Alumni Association Award
AICPA Students Scholarship
American Society of Women Accountants, Orange County Chapter
Amy Vanasse Memorial Award
Becker CPA Review Award
California Society of CPAs, Orange County Chapter
Charles B. Shellenberger Accounting Scholarship
Cynthia A. Brown Memorial Scholarship
Deloitte & Touche, LLP Scholarship Awards
Ernst & Young Scholarship Awards
Federation of Schools of Accountancy Award
Financial Executives International, Orange County Chapter
Institute of Internal Auditors Award
Kenneth W. Gucherean Scholarship Award
KPMG Scholarship Awards
Lambers CPA Review Award
Moss Adams, LLP Scholar
Moore Stephens Wurth Frazer & Torbert, LLP Awards
PricewaterhouseCoopers Scholarship Awards
RSM McGladrey, Inc. Awards
Tax Executives Institute, Inc., Award

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BACHELOR OF ARTS IN BUSINESS ADMINISTRATION
See “Business Administration Degrees, Accounting Concentration.”

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MASTER OF SCIENCE IN ACCOUNTANCY
The Master of Science in Accountancy program provides the conceptual understanding and technical competence for a career in professional accounting. Employment opportunities include public accounting, corporate financial management, industrial accounting, assurance services, government reporting and education. The program encompasses both a theoretical foundation and technical skills. Emphasis is placed on the development of a professional attitude and the capacity to deal with accounting policy and ethics issues. Graduates should be prepared for entry-level positions and for potential advancement in the profession.

The M.S. in Accountancy program is designed to accommodate students who are employed full time. Courses are offered during the late afternoon and evening hours. Students may enroll on a part-time basis.
The curriculum is designed for students with an undergraduate degree in business administration with a concentration in accounting. In addition to nine (9) units of required accounting courses, there are nine (9) units of accounting electives, nine (9) units in an area other than accounting, and a terminal research-project course. Students not holding an undergraduate degree in accounting or business are welcome to apply but will have additional requirements to satisfy as described below in the Curriculum section.

Cal State Fullerton has the only accounting program in Orange County separately accredited by the AACSB International at the undergraduate and graduate level. This assures a rigorous program, a well-qualified faculty, high standards for students and access to an extensive library system and computing facilities. The qualifications of the M.S. in Accountancy faculty include advanced degrees in accounting, taxation and law; practical experience; and professional standing as CPAs, CMAs, and attorneys.

Most graduate courses in the Mihaylo College of Business and Economics require “classified MCBE status” and are open only to students with classified standing in the MBA, M.S. in Accountancy, M.S. in Taxation, M.S. in Information Systems, or M.A. in Economics programs.

Application Deadlines
The deadlines for completing online applications are March 1 for the fall semester and October 1 for the spring semester (www.csumentor.edu). Mailed applications should be postmarked by the same deadlines; however, deadlines may be changed based upon enrollment projections.

Admission Requirements
Admission is competitive. Applicants will be evaluated based on the following:

  1. Acceptable bachelor’s degree from an appropriately accredited institution
  2. Minimum grade point average (GPA) of at least 2.5 in the last 60 semester units attempted and in good standing at the last college attended
  3. Satisfactory score on the Graduate Management Admission Test (GMAT). Students must score in the top 50 percent on the verbal, quantitative and analytical writing areas
  4. A bachelor’s degree with a major in business administration and a concentration in accounting (equivalent to the degree and concentration as offered at CSUF) with at least an overall cumulative GPA of 3.0 (B). The degree must include calculus and software applications equivalent to passing Mathematics 135, Business Calculus, and ISDS 265, Introduction to Information Systems and Applications, with grades of at least “C” (2.0). Courses in the major are to be no more than seven years old, and courses in the accounting concentration no more than five years old. Courses in the major (including the accounting concentration) must have at least a 3.0 (B) GPA, and courses with grades lower than “C” (2.0) must be repeated. Applicants who have a bachelor’s degree in a field other than Business Administration with a concentration in accounting may be considered for admission. If admitted, such students will be required to complete additional courses or demonstrate proficiency as described in the next section (Curriculum).
  5. For international students, a minimum score of 570 on the paper exam, 230 on the computer-based, or 90 on the internet based (iBT) TOEFL is required
  6. Recommendation from the Accountancy Admissions Committee based upon a review of the above requirements, the student’s “Statement of Purpose” and prior work experience
    Additional coursework may be required of admitted students who holistically satisfy the criteria but are weak in one of the above areas.

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M.S. ACCOUNTANCY CURRICULUM
Students admitted without a bachelor’s degree in Business Administration (with a concentration in accounting) will be required to satisfy the following requirements either prior to or during their residency at CSUF:

  1. All students admitted with a business degree with a concentration other than accounting must complete the following accounting prerequisite courses: Accounting 301A, 301B, 302, 307 and 308. These accounting prerequisite courses must be completed with at least a 3.0 (B) GPA, with a “C” (2.0) or better for each individual course. Courses with grades lower than “C” must be repeated. These requirements are in addition to the Study Plan as described below.
  2. All students admitted with a bachelor’s degree in a field other than Business Administration will be required to take (or demonstrate proficiency in) the following courses/academic topics either prior to or during their residency at CSUF: Mathematics 135 and InfoSys/DecSci 265; business foundation courses (Accounting 510, Economics 515, and Management 339); and accounting prerequisite courses (Accounting 301A, 301B, 302, 307, and 308). These courses must be completed with at least a 3.0 (B) GPA, with a “C” (2.0) or better for each individual course. Courses with grades lower than ‘C’ must be repeated. These requirements are in addition to the Study Plan as described next.

Study Plan
The study plan requires 30 semester units of coursework beyond the baccalaureate degree. At least 24 of the 30 units required for the degree must be at the 500 level. A 3.0 (“B”) GPA is required in study plan courses. Any study plan course with a grade lower than “C” (2.0) must be repeated.

Required Courses (9 units)
Accounting 502 Seminar in Accounting Theory (3)
Accounting 505 Seminar in Auditing (3)
OR Accounting 521 Seminar in Management Control Systems (3)
Accounting 506 Seminar in Professional Accounting Communications (3)

Electives in Accounting (9 units)**
Three courses (9 units) to be selected in consultation with and approved by the student’s program adviser. At least one course, but not more than two, must be tax-related (denoted by an asterisk in the list below) for a maximum of six units in tax-related courses.

Accounting 503 Seminar in Contemporary Accounting Problems (3)
Accounting 505 Seminar in Auditing (3)
Accounting 507 Seminar in Accounting Information Systems (3)
Accounting 508 Seminar in Tax Planning (3)*
Accounting 518 Seminar in International Accounting (3)
Accounting 521 Seminar in Management Control Systems (3)
Accounting 572 Seminar in Taxation of Corporations and Shareholders (3)*
Accounting 573 Seminar in Taxation of Property Transactions (3)*
Accounting 574 Seminar in Taxation of International Business Operations (3)*
Accounting 575 Seminar in Estate, Gift, Inheritance Taxes and Estate Planning (3)*
Accounting 576 Seminar in State and Local Taxation (3)*
Accounting 577 Seminar in Taxation of Employee Compensation (3)*
Accounting 578 Seminar in Taxation of Partnerships (3)*

Other Electives (9 units)
Three courses (9 units) at the 500–level in Economics, Finance, Information Systems/Decision Science, Management, or Marketing, to be selected in consultation with, and approved by the student’s adviser. Accounting courses may not be used to satisfy this requirement.
Terminal Evaluation (3 units)
Accounting 597 Project (3)

MASTER OF BUSINESS ADMINISTRATION
See “Business Administration Degrees, MBA.”

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MASTER OF SCIENCE IN TAXATION
The Master of Science in Taxation program provides the conceptual understanding and technical competence for a career in taxation. Employment opportunities include the tax departments of CPA and law firms, as well as corporations and government tax agencies. For those already employed in this field, the M.S. in Taxation program should meet the continuing education requirements of professional associations and licensing boards.

The M.S. in Taxation program is designed to accommodate students who are employed full time. Courses are offered during the late afternoon and evening hours and most students enroll on a part-time basis. This program is offered at the main campus in Fullerton and as a fee-based program on the Irvine campus.

The curriculum is designed for students with an undergraduate degree in business administration or accounting. Students not holding such degrees are welcome to apply but will have to satisfy additional requirements as described below in the Curriculum section.

Cal State Fullerton has the only Accounting program in Orange County that is separately accredited by the AACSB International at the undergraduate and graduate level. This assures a rigorous program, a well-qualified faculty, high standards for students, and access to an extensive library system and computing facilities. The qualifications of the M.S. in Taxation faculty include advanced degrees in taxation, accounting, and law; practical tax experience; and professional standing as CPA’s and attorneys.

Most graduate courses in the Mihaylo College of Business and Economics require “classified MCBE status” and are open only to students with classified standing in the MBA, M.S. in Accountancy, M.S. in Taxation, M.S. in Information Systems, or M.A. in Economics programs.

Application Deadlines
The deadlines for completing online applications are March 1 for the fall semester and Oct 1 for the spring semester (www.csumentor.edu). Mailed applications should be postmarked by the same deadlines; deadlines may be changed based upon enrollment projections.

Admission Requirements
Admission is competitive. Applicants will be evaluated based on the following:

  1. Acceptable bachelor’s degree from an appropriately accredited institution
  2. Minimum GPA of at least 2.5 in the last 60 semester units attempted and in good standing at the last college attended
  3. Satisfactory score on the Graduate Management Admission Test (GMAT). Students must score in the top 50 percent on the verbal, quantitative and analytical writing areas
  4. A bachelor’s degree with a major in business administration equivalent to the degree as offered at CSUF with at least an overall cumulative GPA of 3.0 (B) and Accounting 308, Concepts of Federal Income Tax Accounting (or an equivalent course or work experience). The degree must include calculus and software applications equivalent to passing Mathematics 135, Business Calculus, and InfoSys/DecSci 265, Introduction to Information Systems and Applications, with grades of at least “C” (2.0). Courses in the major are to be no more than seven years old. Courses in the major must have at least a 3.0 (B) GPA, and courses with grades lower than “C” (2.0) must be repeated.
    Applicants with a bachelor’s degree in a field other than Business Administration may be considered for admission. If admitted, such students will be required to complete additional courses or demonstrate proficiency as described in the next section (Curriculum).
  5. For international students, a minimum score of 570 on the paper exam, 230 on the computer-based, or 90 on the internet based (iBT) TOEFL is required
  6. Recommendation from the MS Taxation Admission Committee based upon a review of the above requirements, the student’s “Statement of Purpose,” and prior work experience

Additional coursework may be required of admitted students who holistically satisfy the criteria but are weak in one of the above areas.

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M.S. TAXATION CURRICULUM
Students admitted with a bachelor’s degree in a field other than business administration and without equivalent prior coursework will be required to complete Mathematics 135, InfoSys/DecSci 265, and Accounting 308, with grades of at least “C” (2.0); and also the following business foundation courses: Accounting 510; Economics 515, Finance 320 or 517, and Management 515. These courses must be completed with at least a 3.0 (B) GPA, with a grade of “C” (2.0) or better for each individual course. These requirements are in addition to the Study Plan as described next.

Study Plan
The curriculum requires 30 semester units of coursework beyond the baccalaureate degree. At least 21 of the 30 units required for the degree must be at the 500 level. A 3.0 (“B”) GPA is required in study plan courses and over-all applicable coursework. Any study plan course with a grade lower than “C” (2.0) must be repeated with at least a “C” (2.0) grade.

Required Tax Course (3 units)
Accounting 470 Tax Research, Practice and Procedures (3)
Electives in Taxation and Related Fields (15 units)
Five courses (15 units) to be selected in consultation with, and approved by, the student’s program adviser.

Available courses include but are not limited to:
Accounting 408 Problems in Taxation (3)
Accounting 508 Seminar in Tax Planning (3)
Accounting 572 Seminar in Taxation of Corporations and Shareholders (3)
Accounting 573 Seminar in Taxation of Property Transactions (3)
Accounting 574 Seminar in Taxation of International Business Operations (3)
Accounting 575 Seminar in Estate, Gift, Inheritance Taxes and Estate Planning (3)
Accounting 576 Seminar in State and Local Taxation (3)
Accounting 577 Seminar in Taxation of Employee Compensation (3)
Accounting 578 Seminar in Taxation of Partnerships (3)

Other Electives (9 units)
Courses are to be selected in consultation with, and approved by, the student’s adviser.

One course (3 units) in either economics or political science and two courses (6 units) in either business or non-business fields.

Terminal Evaluation (3 units)
Accounting 597 Project (3)

ACCOUNTING COURSES
Courses are designated as ACCT in the class schedule.

ACCT 201A    Financial Accounting

Description: Accounting concepts and techniques essential to the administration of a business enterprise: analyzing and recording financial transactions; accounting valuation and allocation practices; preparation, analysis and interpretation of financial statements; international accounting issues.
Units: (3)

ACCT 201B    Managerial Accounting

Description: Prerequisite: Accounting 201A with a grade of at least “C” (2.0). Introduction to managerial accounting; product costing; budgetary control and responsibility accounting; analysis and techniques for aiding management planning and control decisions; basic income tax concepts for planning business transactions.
Units: (3)

ACCT 301A    Intermediate Accounting

Description: Prerequisites: Accounting 201B and completion of all lower-division business administration core courses with grades of at least “C” (2.0) in each course. Corequisite: Business Admin 301. Accounting theory; preparation of income statements, balance sheets and statements of accounting theory; preparation of income statement, balance sheets and statements of cash flows, and comprehensive income; IFRS (International Financial Reporting Standards); present value concepts; assets, liabilities and stockholders’ equity; revenue recognition and investments..
Units: (3)

ACCT 301B    Intermediate Accounting

Description: Prerequisites: a grade of “C” (2.0) or better in Accounting 301A and Business Admin 301. Accounting theory; IFRS (International Financial Reporting Standards); present value concepts; assets, liabilities and stockholders equity; pensions; leases; earnings per share; financial statement analysis; accounting changes and error analysis.
Units: (3)

ACCT 302    Cost Accounting

Description: Prerequisites: Accounting 201B and completion of all lower-division business administration core courses with grades of at least “C” (2.0) in each course. Corequisite: Business Admin 301. Accounting information for management of manufacturing and service enterprises; cost records; cost behavior and allocation; product costing and inventory valuation; flexible budgeting; standard costs; responsibility accounting; cost planning and control; and operating decision analysis.
Units: (3)

ACCT 307    Accounting Information Systems

Description: Prerequisites: Accounting 201B and completion of all lower-division business administration core courses with a grade of “C” (2.0) or better in each course. Corequisite: Business Admin 301. Organization and implementation of information technology for the collection, organization, and presentation of accounting information with an emphasis on enterprise resource planning systems.
Units: (3)

ACCT 308    Concepts of Federal Income Tax Accounting

Description: Prerequisites: Accounting 201B and completion of all lower-division business administration core courses with grades of at least “C” (2.0) in each course. Corequisite: Business Admin 301. Provisions, legislative history and implications of the federal income tax.
Units: (3)

ACCT 358    Principles of Taxation

Description: Prerequisite: Accounting 201A. Federal tax system, federal income taxation relating to federal tax system, federal income taxation relating to individuals, corporations, partnerships, and fiduciaries. Federal estate and gift taxes. Not open to accounting majors.
Units: (3)

ACCT 364    Entertainment Accounting

Description: Prerequisite: Accounting 201B. Accounting and tax issues associated with media-dependent and live entertainment. Compare and contrast many of the unique differences in the industry’s accounting and tax practices to standard industry practices. (No credit for accounting majors)
Units: (3)

ACCT 401    Advanced Accounting

Description: Prerequisites: Accounting 301B with a grade of “C” (2.0) or better, Business Admin 301. Business combinations; meaning, usefulness and methodology of consolidated financial statements; investments in non-subsidiary affiliates and corporate joint ventures; consolidated financial statements for overseas units of U.S.-based multinational companies; translations of foreign currencies, derivatives.
Units: (3)

ACCT 402    Auditing

Description: Prerequisites: Accounting 301B, 302 and 307, with grades of “C” (2.0) or better, and Business Admin 301. Auditing standards and procedures used by financial and operational auditors. Management information and computer systems, internal control, audit evidence, professional responsibilities and legal liabilities, standards of reporting financial information.
Units: (3)

ACCT 403    Accounting for Governmental & Nonprofit Entities

Description: Prerequisites: Accounting 301B with grade of “C” (2.0) or better and Business Admin 301. Fund accounting as applied to governmental and nonprofit entities; state and federal governments, municipalities, hospitals and universities. Budgets, tax levies, revenues and appropriations, expenditures and encumbrances, various types of funds, and accounting statements.
Units: (3)

ACCT 405    Fraud Detection

Description: Prerequisites: Accounting 307 and 301B with a grade of “C” (2.0) or better. Methods to prevent and detect fraud. Current cases dealing with accounting fraud, and appropriate methods to prevent or detect fraudulent behavior.
Units: (3)

ACCT 408    Problems in Taxation

Description: Prerequisites: Accounting 308 with a grade of “C” (2.0) or better and Business Admin 301. Federal income tax as it applies to corporations, partnerships, fiduciaries, and federal estate and gift taxes as they apply to taxable transfers.
Units: (3)

ACCT 420    Advanced Cost Accounting

Description: Prerequisite: Accounting 302 with a grade of “C” (2.0) or better. Advanced topics in accounting: strategic profitability analysis; cost allocation and resources; quality and Just-In Time Inventory; and investment decisions and management control.
Units: (3)

ACCT 422    Internal Audit and Control

Description: Prerequisite: senior standing for accounting majors; departmental permission for other undergraduates and all graduate students. Survey of internal auditing principles and concepts. Intended for students who are interested in internal auditing.
Units: (3)

ACCT 460    Seminar in Financial Statement Analysis

Description: Prerequisite: Accounting 301B. Analysis of demand and supply forces underlying the provision of financial statements; distributional, cross-sectional and time series properties of financial statement numbers; financial decision-making processes and the uses of financial statement information for decision making.
Units: (3)

ACCT 463    Financial Controls for Entrepreneurs

Description: Prerequisites: entrepreneurship concentration only. Accounting 201B and Finance 320. Accounting system design for new ventures, including budgeting, purchasing, collections, payroll taxes, safeguards against error and embezzlement, financial reports, cash management, and banking relationships. Casework, research and fieldwork with selected local businesses. Not applicable for graduate degree credit.
Units: (3)

ACCT 470    Tax Research, Practice and Procedures

Description: Prerequisites: Accounting 308 with a grade of “C” (2.0) or better and Business Admin 301. Methodology of tax research, including case studies; the management of a tax practice; administration procedures governing tax controversies; rights and obligations of taxpayers and tax practitioners.
Units: (3)

ACCT 495    Internship

Description: Prerequisites: Accounting 301A, 302, and Business Admin 301, each with a grade of “C” (2.0) or better, a concentration in accounting, consent of the department internship adviser, 2.5 GPA and one semester in residence at the university. Planned and supervised work experience. May be repeated for credit up to a total of six units. Credit/No Credit only.
Units: (1-3)

ACCT 499    Independent Study

Description: Prerequisites: Business Admin 301, senior standing and approval of department chair. Open to qualified undergraduate students desiring to pursue directed independent inquiry. May be repeated for credit. Not open to students on academic probation.
Units: (1-3)

ACCT 502    Seminar in Accounting Theory

Description: Prerequisites: Accounting 301B, classified MCBE status. Effects of professional, governmental, business and social forces on the evolution of accounting theory.
Units: (3)

ACCT 503    Seminar in Contemporary Accounting Problems

Description: Prerequisite: classified MCBE status. Current issues in financial reporting, including pronouncements by the Financial Accounting Standards Board and the Securities and Exchange Commission. Topics will change as new issues in accounting emerge.
Units: (3)

ACCT 505    Seminar in Auditing

Description: Prerequisites: Accounting 402 and classified MCBE status. Auditing theory and practices; professional ethics; auditing standards; Securities and Exchange Commission and stock exchange regulations; auditor’s legal liability; statement trends and techniques.
Units: (3)

ACCT 506    Seminar in Professional Accounting Communications

Description: Prerequisite: classified MCBE status. Compilation and composition of accounting reports and client presentations relating to accountants’ working papers, client engagement letters, management advisory reports and prospectuses.
Units: (3)

ACCT 507    Seminar in Accounting Information Systems

Description: Prerequisites: Accounting 307 or equivalent and classified MCBE status. Case studies of computer-based accounting systems used by organizations such as universities, banks, industrial corporations and CPA firms. Accounting information, reports and internal controls.
Units: (3)

ACCT 508    Seminar in Tax Planning

Description: Prerequisites: Accounting 308 and classified MCBE status. Substantive provisions of federal law; tax planning from a corporate viewpoint; case studies of the effect of federal tax law on business decisions.
Units: (3)

ACCT 509    Accounting for Information Technology

Description: Prerequisite: classified MCBE standing. Information processing procedures to support financial and managerial accounting processes, concepts and standards; preparation of financial statements and management reports; use of financial information for management decision making.
Units: (3)

ACCT 510    Financial Accounting

Description: Prerequisite: classified MCBE status. Accumulation, organization and interpretation of financial and quantitative data relevant to the activities of corporate business enterprises; analysis of financial reports; current regulatory reporting requirements with attention to business ethics and an understanding of global reporting issues.
Units: (3)

ACCT 511    Seminar in Managerial Accounting

Description: Prerequisites: Accounting 201B or 510 and classified MCBE status. Design and development of cost accounting systems; contemporary cost management concepts; measurement, analysis and use of accounting information for management decisions, with attention to ethical, global and environmental issues in today’s corporate governance. Measurement, analysis and use of information contained in standard and various other cost systems for industry sectors such as manufacturing, distribution, service and retail.
Units: (3)

ACCT 518    Seminar in International Accounting

Description: Prerequisites: Accounting 201B or 510 and classified MCBE status. Comparative analysis of accounting principles and practices outside the United States; international financial accounting standards; current problems of international financial reporting, accounting planning and control for international operations; multinational companies.
Units: (3)

ACCT 521    Seminar in Management Control Systems

Description: Prerequisites: Accounting 302 or 511 and classified MCBE status. Integrative aspects of accounting, financial and quantitative data for managerial decision-making; long-term, short-term profit planning; budgetary control; cost analysis; financial analysis and planning; taxation; and transfer pricing.
Units: (3)

ACCT 572    Seminar in Taxation of Corporations and Shareholders

Description: Prerequisites: Accounting 308 and classified MCBE status. Federal taxation relating to corporations; organizing, distributions, liquidations and reorganizations.
Units: (3)

ACCT 573    Seminar in Taxation of Property Transactions

Description: Prerequisites: Accounting 308 and classified MCBE status. Federal taxation relating to sales, exchanges and other transfers.
Units: (3)

ACCT 574    Seminar in Taxation of International Business Operations

Description: Prerequisites: Accounting 308 and classified MCBE status. Federal taxation relating to U.S. citizens and corporations with foreign source income and of foreign persons with U.S. source income; planning for foreign operations.
Units: (3)

ACCT 575    Seminar in Estate, Gift, Inheritance Taxes and Estate Planning

Description: Prerequisites: Accounting 308 and classified MCBE status. Federal and California death taxes and the planning of personal estates.
Units: (3)

ACCT 576    Seminar in State and Local Taxation

Description: Prerequisites: Accounting 308 and classified MCBE status. Application of interstate income allocations; multi-state tax compact; separate apportionment accounting; foreign country sourced income. California taxes as applied to businesses and individuals.
Units: (3)

ACCT 577    Seminar in Taxation of Employee Compensation

Description: Prerequisites: Accounting 308 and classified MCBE status. Federal taxation relating to employee compensation including pensions and profit sharing, stock options, ESOPs, IRAs, Keoghs, maximum tax 5-year averaging, death benefits, group term life, etc.
Units: (3)

ACCT 578    Seminar in Taxation of Partnerships

Description: Prerequisites: Accounting 308 and classified MCBE status. Federal taxation relating to partnerships, estates, trusts and other special entities.
Units: (3)

ACCT 597    Project

Description: Prerequisite: classified MCBE status. Directed independent inquiry. Not open to students on academic probation.
Units: (3)

ACCT 599    Independent Graduate Research

Description: Prerequisites: classified MCBE status, approval of department chair and Associate Dean. May be repeated for credit. Not open to students on academic probation.
Units: (1-3)

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* Tax Course
** Courses at the 400–level may also be used to count toward these 9 units – up to a maximum of two 400–level courses.