Department of Accounting, Finance, and Economics

Although all departments in the College of Business Administration collaborate on the Masters of Business Administration (MBA) degree, the Department of Accounting, Finance, and Economics also offers the Master of Accounting (MAcc) degree.  For those students preparing to become certified public accountants, the Public Accountancy Act of 1991 requires that applicants must have completed at least a baccalaureate degree and not fewer than 150 semester credit hours of recognized courses. Courses included in the BBA program in Accounting are accepted toward this requirement. The BBA in Accounting will count 120 of the 150 hours required to sit for the exam.  For the remainder of the 150 semester hours, students may complete the MAcc or MBA degree as described in the graduate section of the catalog. Students with a baccalaureate degree in Accounting will be able to complete the MAcc with the remaining 30 semester credit hours.  Of the coursework required to sit for the CPA exam, at least half of it must be in a face-to-face lecture setting (rather than online).  Therefore, all requirements for the MAcc degree are offered in a face-to-face lecture format.

Master of Accounting in Accounting

Required Courses
ACCT 5335Analysis of Financial Statement Information3
ACCT 5357Accounting Theory3
ACCT 5304Advanced Accounting3
ACCT 5306Federal Income Tax II3
ACCT 5307Governmental and Not-for-Profit Accounting3
ACCT 5323Business & Professional Ethics for Accountants3
BUSI 5398Business Research Methods3
Choose Two of the Following6
Cost Analysis & Control
Accounting Management
Federal Tax Accounting I
Information Systems in Accounting
Managing Information Systems
Health Care Finance
Auditing and Professional Responsibility
Accounting Seminar
Any COBA Graduate Course3
Total Hours30

Accounting Courses

ACCT 5086. Problems. 1-3 Credit Hours (Lecture: 0 Hours, Lab: 1-3 Hours).

This course offers students the opportunity to become acquainted with current research being conducted within the student's area of interest; directed reading of a number of sources selected in concert by the student's professor. Prerequisite: Approval of department head.

ACCT 5300. Foundations of Financial Systems. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An interdisciplinary course that examines principles of accounting, economics and finance as applied to the contemporary business organization operating in a global market place. Focuses on integration of theory and practice to develop framework for measuring, analyzing, and imporving financial performance.

ACCT 5302. Cost Analysis & Control. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of management control systems, profit performance, standard and direct costing, investment Control, and long-range planning. Students who have successfully completed ACCT 3302 cannot receive credit for this course. Prerequisite: ACCT 2301.

ACCT 5303. Accounting Management. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of accounting as related to problems of making business and economic decisions. Includes both financial and managerial accounting. Readings, problems, and cases requiring use of accounting data. Prerequisite: FINC 5300 or approval of instructor.

ACCT 5304. Advanced Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An intensive study of theory and practices related to advanced financial accounting topics pertaining to partnerships, joint ventures, consignments, installment sales, insolvent concerns, and business combinations. Students who have successfully completed ACCT 4303 cannot receive credit for this course. Prerequisites: ACCT 3303 and ACCT 3304.

ACCT 5305. Federal Tax Accounting I. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

General concepts of federal income taxation applicable to individuals and business entities. Students who have successfully completed ACCT 4305 cannot receive credit for this course. Prerequisites: ACCT 2301.

ACCT 5306. Federal Income Tax II. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Survey of federal income tax laws applicable to corporations, partnerships and S-corporations, and fiduciary relationships. Students who have successfully completed ACCT 4306 cannot receive credit for this course.

ACCT 5307. Governmental and Not-for-Profit Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A course specialized in financial accounting related to state and local governments and governmental agencies, and not-for-profit organizations. Students who have successfully completed ACCT 3305 cannot receive credit for this course. Prerequisites: ACCT 3303 or approval of the department head.

ACCT 5309. International Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Examination of international accounting within the context of managing multinational enterprises (MNEs). The course will address different countries’ accounting issues and International Accounting Standards by IFRIS. Prerequisites: ACCT 3303 or approval by the department head.

ACCT 5310. Information Systems in Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An in-depth study of the application of information systems knowledge to the accounting environment. Emphasis is on developing an understanding the processing of accounting data in a computer environment and the controls necessary to assure accuracy and reliability of the data being processed. Students who have successfully completed ACCT 3310 cannot receive credit for this course. Prerequisite: ACCT 3303.

ACCT 5311. Managing Information Systems. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Studies the management and use of information and technology as a resource to create competitive businesses, manage global operations, provide useful products and quality services to customers, whether public or private. Examines unformation systems management, intellectual property, privacy, organizational and societal impact, legal issues, ethics, security issues, decision making, strategic information systems, and management and organizational support systems. Prerequisites: BCIS 5301 or approval of department head.

ACCT 5323. Business & Professional Ethics for Accountants. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Examination of moral and ethical issues within the accounting profession and the broader business environment. Along with a general study of ethical behavior and decision making, various professional codes of conduct within the accounting profession will be examined with emphasis on accountants’ integrity, independence and objectivity, and legal liability. Students who have successfully completed ACCT 4323 cannot receive credit for this course. Prerequisites: ACCT 3304 or concurrent enrollment.

ACCT 5324. Auditing and Professional Responsibility. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of financial auditing standards and procedures. Theory and practice are combined to enable the student to better understand how audits are conducted and to prepare students for the CPA examination. Students who have successfully completed ACCT 4324 cannot receive credit for this course. Prerequisites: ACCT 3303 and ACC 3304.

ACCT 5335. Analysis of Financial Statement Information. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A study of financial statement analysis and accounting topics related to financial statement presentation and disclosure. Prerequisites: ACCT 3304 or approval of department head.

ACCT 5357. Accounting Theory. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A systematic study of generally accepted accounting principles and rules that govern the practical application of accounting methods. Prerequisites: ACCT 3303 and 3304.

ACCT 5385. Accounting Seminar. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Selected accounting topics of current importance to business management. May be repeated once for credit when topics vary.

ACCT 5390. Selected Topics in Accounting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An examination of different financial, managerial, governmental, and not-for-profit topics in Accounting . The course may be repeated for credit as the topic changes. Prerequisites: ACCT 3303 or approval by the department head.

Economics Courses

ECON 5086. Problems. 1-3 Credit Hours (Lecture: 0 Hours, Lab: 2-6 Hours).

This course offers students the opportunity to become acquainted with current research being conducted within the student's area of interest; directed reading of a number of sources selected in concert by the student's professor. Prerequisite: Approval of department head.

ECON 5308. Managerial Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Applies economic theory and methodology to business and administrative decision-making. The tools of economic analysis are demonstrated and their use in formulating business policies is explained. Topics include concepts of profits, production and cost functions, demand theory, competitive pricing policies, and business criteria for investment output and marketing decisions. Prerequisite: Approval of MBA Director. Credit for both FINC 5308 and ECON 5308 will not be awarded.

ECON 5311. Econometrics and Forecasting. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Econometrics is the science of using statistics to estimate economic relationships, test economic theories, and evaluate the impacts of government and business policies. Econometrics is also used to forecast or predict how macroeconomics variables, stock prices and other time-varying economic indicators behave. It is used not only in economics, but in fields as diverse as finance marketing, political science, sociology, biology, and even comparative literature. Prerequisites: COBA 5103 and COBA 5104, or equivalent undergraduate preparation.

ECON 5320. Health Care Economics. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Health Care Economics offers an analysis and evaluation of classical and modern economic theory, principles and procedures applicable to the health care delivery system and their implications for public policy. Prerequisites: None - Some background in accounting, economics and finance is helpful.

ECON 5359. Economic Applications and Issues. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Seminar examination of the application of economic theory in the firm (micro) and in the overall economy (macro); in-depth research and analysis of current economic issues through critical examination of the professional literature and the current environment of business government. Prerequisite: ECON 4365 Intermediate Economics or Micro and Macroeconomics.

ECON 5364. Seminar On Global Commerce. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Focuses on global competitive challenges facing business management teams. Students will evaluate how companies have strategically entered and developed international markets and managed global diversification. Students will learn to analyze international market potential, assess business risks and become familiar with institutions and national policies directing international trade. Prerequisite: ECON 4365 Intermediate Economics or Micro and Macroeconomics.

Finance Courses

FINC 5086. Problems. 1-3 Credit Hours (Lecture: 0 Hours, Lab: 1-3 Hours).

This course offers students the opportunity to become acquainted with current research being conducted within the student's area of interest; directed reading of a number of sources selected in concert by the student's professor. Prerequisite: Approval of department head.

FINC 5301. International Finance and Business Strategy. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

The course examines the major international issues pertaining to finance, including choosing and implementing an appropriate corporate strategy, the determination of exchange rates, international risk management, transfer pricing, and evaluating and financing international investment opportunities. There will be readings and case analysis and students will be required to report on research findings. Credit for both FINC 5301 and BUSI 5301 will not be awarded.

FINC 5305. Case Studies in Corporate Finance. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

A course designed to use case studies and financial analysis to further the graduate student's knowledge and ability to make financial management decisions. Selected cases will be assigned for outside the classroom analysis, and preparation of proposed solutions. The classroom will be used to discuss the cases, the student's proposal for solutions, and desired courses of action. The cases will be such that students will be required to use prior knowledge, current research, and a good deal of analytical ability in preparing their proposals. Prerequisite: Graduate standing.

FINC 5306. Financial Markets and Institutions. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course is intended to give the student a broad coverage of the operation, mechanics, and structure of the financial system within the United States, emphasizing its institutions, markets, and instruments. Monetary policy of the Federal Reserve and its impact upon financial institutions are treated.

FINC 5307. Financial Management. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Course focuses on financial decision making in the modern corporation. Basic issues include capital budgeting, capital structure, corporate sources of funding, dividend policy, financial risk management, standard theories of risk and return, and valuation of assets. Prerequisite: FINC 5300 or approval of instructor.

FINC 5320. Health Care Finance. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

Health Care Finance offers an introduction to decision making in health care settings using accounting and finance theories, principles, concepts and techniques most important to managers. Credit for both FINC 5320 and ACCT 5320 will not be awarded.

FINC 5385. Seminar on Consumer and Business Finance. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

This course will cover selected consumer and business finance topics. Examples include debt management, initial public offering of a new business, Internet based finance and regulatory aspects, and management of compensation. Students will be expected to research assigned topics and submit reports.

FINC 5390. Selected Topics in Finance. 3 Credit Hours (Lecture: 3 Hours, Lab: 0 Hours).

An examination of different topics in finance from areas such as investments, corporate financial management, and financial markets and institutions. This course may be repeated for credit as the topic changes. Prerequisites: Graduate standing and FINC 3301 or FINC 5307 or approval of instructor.