Suffolk University Sawyer Business School Graduate Programs 2008-2009 - (Page 55) course descriptions accounting ACCT 801 Graduate Financial Accounting I ACCT 805 Auditing and Assurance Services Students learn the practice of financial accounting and reporting under USGAAP. They explore the measurement and reporting of various asset, liability, and equity accounts; measurement and reporting of revenue, expense, and net income; and the presentation and interpretation of financial statements. Pronouncements of authoritative sources such as the SEC, AICPA, and FASB are also studied. Reference is made to accounting practices in other countries and to pronouncements by the IASB. Prerequisite: MBA 640. ACCT 802 Graduate Financial Accounting II Students examine AICPA pronouncements and GAAS. They learn about internal audit programs and procedures and their interaction with the external audit; and analytical review methods. Focusing on assurance services, students learn about quality and reliability of information for decision-making; assessment, management, and auditing of risk; communication with markets, valuation issues, and audit risk; electronic data processing and commerce and system reliability issues. Prerequisite: MBA 640 or ACCT 802. ACCT 806 Fraud Examination ACCT 825 Corporate Financial Planning and Control accounting Students learn the importance of financial information to corporate strategy and assessment of key performance areas and principal sources of business risk. They develop a framework for designing responsible accounting systems to map corporate strategy, key performance indicators, and risk into the managerial organization and learn to balance financial and non-financial measures of performance. Students also research and study organizational issues around managerial incentives, performance measurement, and creating a learning organization. Prerequisite: MBA 640 or ACCT 804. ACCT 861 Leadership in the Financial Professions This course continues the treatment of financial accounting and reporting from ACCT 801. Students learn the USGAAP accounting treatment of corporate securities and derivative contracts, treasury stock, contingent and recognized liabilities—including post-retirement benefits, bonds and leases—and the allocation of corporate tax expense. Accounting for inflation and changing prices are also discussed. Prerequisite: ACCT 801 or permission of instructor. ACCT 803 Graduate Financial Accounting III This course examines the pervasiveness and genres of fraud and explores the motivations, opportunities, and rationalizations that facilitate fraudulent behavior. Methods of detection, investigation, and prevention of financial statement frauds and other types of financial-related frauds are covered. Prerequisite: MBA 640 or ACCT 801. ACCT 810 Tax Aspects of Business Decisions Building upon the treatment of financial accounting and reporting from ACCT 802, students learn the USGAAP accounting treatment of partnership and branch forms of organization, consolidations, and business combinations. Governmental and nonprofit methods of accounting are introduced. Prerequisite: ACCT 801 or permission of instructor. ACCT 804 Cost Information, Decision, and Control This course is designed to give students a broad introduction to several major areas of taxation. Taxation is a major economic force in our society and every business manager must have some knowledge of business and personal taxation. This course will enable managers to achieve a level of tax knowledge that will allow them to make more informed, strategic decisions and to recognize tax issues before they become serious problems. The primary focus of this course will be taxation in the corporate environment. However, an overview of tax aspects of other business entities will be provided. Prerequisites: MBA 640 or ACCT 801; and MBA 650. ACCT 824 Corporate Financial Reporting and Analysis Students learn theories and practice of income measurement and valuation of assets and liabilities; accounting policy-making and the standard setting process; the SEC, AICPA, FAF and FASB, and the FEI; and their respective roles in accounting policy and practice. They discuss aspects of professionalism and ethics for the public and corporate accountants. They learn about the limitation of liability, tort reform and the US accounting profession, access to US public financial markets, approaches to accounting measurement and standard-setting in other countries, and the role of the IASB. Prerequisite: MBA 640 or ACCT 865. ACCT 865 Technology and Financial Information Systems Students learn the concepts and practices of cost measurement: variable costing, cost-volume profit analysis, setting goals, monitoring performance standard costing; and variance analysis. They learn how to work with multiple products— standard mix and mix variances; joint and by— product costing; measurement and control of overhead costs; and constructing operating, working capital, and capital budgets. They study analysis in support of decisions, such as pricing, setting product line and customer profitability policy, sourcing of products and services, and matching costing systems to strategy. Prerequisite: MBA 640 or ACCT 801. Students learn about the assessment of corporate strategy in respect to creation and retention of value; identification and management of risk and valuation of companies and financial securities. Students develop a framework for analyzing corporate performance and projecting future performance, assessing quality of accounting and disclosure, and examining research relevant to financial reporting and analysis, and equity prices in the public financial markets. Prerequisites: MBA 640 or ACCT 802; and MBA 650. Students learn how information management technologies affect the provision of disclosing financial information to management and to financial markets. Students learn financial modeling to support planning and control processes; decision and executive support systems; database design; technical aspects of organizational communication and the implementation of internal controls; privacy and data security issues. Prerequisite: MBA 640 or ACCT 802. ACCT 871 Not-for-Profit Accounting and Control This course covers fund accounting, encumbrance accounting, GASB pronouncements, cost accounting, and budgetary control for government and its agencies, medical, educational, religious, and other nonprofit organizations. Students learn how to apply the cost-benefit analysis in the resource allocation process, program planning, budgeting, and reporting systems. Prerequisite: MBA 640 or ACCT 802. 55
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