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Albers School of Business and Economics

Accounting

from Seattle University's 2017-2018 Graduate Catalog
All graduate courses are 3 credits, unless otherwise noted.
Syllabi information is for reference only; information may not be current.

ACCT 5000 Fundamentals of Accounting

Concepts and principals underlying financial accounting, including the basic accounting model, underlying asumptions and conventions. An overview of the pruchases and sales accounting cycle. Introduction and examination of product costing systems, and cost-volume-profit analysis. Course is graded Credit/Fail.

ACCT 5030 Financial Accounting

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.

ACCT 5040 Managerial Accounting/Information for Decision making

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

ACCT 5110 Intermediate Financial Accounting I

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 5030

ACCT 5120 Intermediate Financial Accounting II

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

ACCT 5130 Managerial Cost Accounting

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

ACCT 5140 Auditing I

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 5110

ACCT 5150 Federal Taxation I

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

ACCT 5230 Strategic Management Accounting

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

ACCT 5240 Fraud Examination and Forensic Accounting

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.

Prerequisite: ACCT 5110

ACCT 5300 Financial Statement Analysis and Security Valuation

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. (formerly ACCT 5210)

Prerequisite: ACCT 5110 and FINC 5050

ACCT 5310 Internal Audit I

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 5030 Financial Accounting

ACCT 5320 Internal Audit II

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.

ACCT 5330 Advanced Financial Accounting

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

ACCT 5340 Auditing II

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.

Prerequisite: ACCT 5140 or equivalent

ACCT 5350 Advanced Federal Income Tax II

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

ACCT 5360 IT Audit

IT Audit will provide the student with an overview of the IT Audit profession. The course learning objectives include: 1. Students will gain a robust understanding of the technology process, risks, and controls using the American Productivity Quality Center (APQC) framework. 2. Students will be able to effectively and efficiently plan, execute, and report on technology process, risks, and controls based primarily on the Institute of Internal Audit (IIA) Standards. 3. Students will experience “hands on” IT Audit work and spend time with experienced IT Auditors.

Prerequisite: ACCT 5140 or ACCT 5310 or equivalent

ACCT 5365 Topics in Valuation Analysis

This course covers specialized topics related to the valuation of closely-held companies and pass-through entities including issues related to estate and gift taxes. Other topics include ESOPs, transfer pricing and the valuation of health-care entities.

Prerequisite: FINC 5100, FINC 5050

ACCT 5370 Valuation for Financial Reporting

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: FINC 5050, FINC 5100, ACCT 5120

ACCT 5375 Fair Value of Financial Instruments

This course develops an integrated knowledge of the accounting and the fair valuation of financial instruments from a financial reporting perspective. Topics will relate to the accounting for business combinations and contingent consideration, accounting and valuation of stock compensation, derivatives accounting including assessing hedge effectiveness and the accounting and valuation of embedded derivatives and complex financial instruments.

Prerequisite: FINC 5100; FINC 5050; FINC 5105; ACCT 5120

ACCT 5380 Systems Modeling for Financial Decisions

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 5030

ACCT 5385 Corporate Governance and Professional Ethics

The objective of this course is to develop an integrated knowledge of the corporate governance mosaic, which aims to balance managerial autonomy and corporate accountability. This course introduces students to the responsibilities of and interactions among key governance actors, including shareholders, board of directors and its subcommittees, managers, external and internal auditors, the capital markets, and the broader regulatory environment. Topics will be addressed using current readings, team cases, and a final report, with emphasis given to the continued development of skills in critical thinking, decision making, and both oral and written communication

ACCT 5390 Not-for-Profit Accounting

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.

Prerequisite: ACCT 5030

ACCT 5910 Special Topics Courses

See administrative office for prerequisites and course descriptions

ACCT 5940 International Study Tour: Accounting

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.

ACCT 5950 Internships

For more about internships, visit the Placement Center

ACCT 5960 Independent Study

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)

ACCT 5990 Research Paper