A+B. Intro_SJ.1 - University of Maryland University College

ACCT 610 Financial Accounting (3)
This course applies accounting theory in a strategic framework.
Building on undergraduate accounting studies, the course provides
an overview of relevant theory and serves as a foundation
for other accounting courses. Critical thinking and the application
of accounting concepts and principles will be developed
in the areas of the preparation and interpretation of corporate
financial statements in a c c o rdance with Generally Ac c e p t e d
Accounting Principles (GAAP); accounting standards and the
standard setting process; the use of electronic technology in
financial accounting; effective communication; professional
ethics; and current issues, debates, and research in accounting.
Current special interest topics include the impact of information
technology on financial accounting and the valuation of
and accounting for intellectual property.
ACCT 611 Management Accounting (3)
The control and decision-making methodologies used by management
accountants in solving strategic problems for business
are examined. Among the methodologies used in the course are
break-even analysis, regression analysis, the balanced scorecard,
activity-based costing/management, value chain analysis, total
quality management, and performance evaluation/assessment.
The topics covered range from ethical issues to product costing.
All the quantitative methods explained in the course are used to
help model business problems in a manner intended to provide
the required insights for managers to make successful choices.
ACCT 612 Auditing Process (3)
(Open only to students enrolled in the accounting programs or
track.) Generally Accepted Auditing Standards (GAAS), as well
as standards for attestation and other services, are examined in
depth. Alternative audit models are evaluated for both their
practical relevance as well as their theoretical justification as
informed by current research and emerging information technology.
The use of Computer-Assisted Auditing Techniques
(CAAT) and other computer-related technology for obtaining
evidence is evaluated in terms of its effectiveness and suitability
in diverse audit environments. Methods of evaluating internal
control are considered in light of the risks encountered in new
ways of conducting business, such as e-commerce. Professional
ethical and legal responsibilities, as shaped by the contemporary
professional, legal, and regulatory environments, are examined
as they relate to audit risk, risk assessment, and audit pro g r a m
planning. The use of audit re p o rts and other services as tools to
s u p p o rt management control and decision making are considere d .
ACCT 613 Federal Income Taxation (3)
Federal Income Taxation is a case-study, problem-oriented
examination of fundamental federal income tax concepts. The
course will conduct in-depth explorations of tax issues and
controversies. The course textbook includes many classic court
cases, explanatory materials, and problems that examine the
application of the federal tax laws to various taxpayer situations.
The primary focus of the course is on applying tax laws as opposed
to learning individual tax rules. For example, while students
might have learned in an undergraduate tax course that
gifts are not included in the donee’s gross income, students in
this course will examine in detail the applicable criteria that
determine when an item constitutes a gift. The course stresses
methods of case analysis and research that are typically involved
in tax planning and litigation. Important definitions, judicially
created rules, and other tax conventions are explored in great
detail through the study of each one’s genesis and purpose. The
course examines prime cases and tax issues that concern gross
income, identification of the proper taxpayer, deductions, timing,
income and deduction characterization, and deferral and
capital gains and losses.
ACCT 614 Accounting Information Systems (3)
This course focuses on the use of information systems in the
accounting process with an emphasis on computer systems and
internal controls. This course will provide the student with the
analytical tools necessary to evaluate users’ accounting information
needs and to design, implement, and maintain an accounting
information system to support business processes and cycles.
Among the topics covered are the components of a contemporary
accounting information systems (AIS); security and internal
controls, particularly within Internet and e-commerce environments;
traditional flowcharting and data-flow diagrams; computer
networks; theory and application of relational databases;
and relational database management systems (RDBMS). St u d e n t s
design an AIS using a commercial database software package.
ACCT 615 Accounting Capstone (3)
Prerequisite: Completion of five accounting courses and all core
courses except ADMN 651. The components of the CPA examination
are systematically reviewed as preparation for those who
will take the exam; as preparation for work in the accounting
field, earlier work is synthesized in the form of an end-of-track
capstone project.
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Un i versity of Ma r yland Un i versity College | 111 |