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ACC - Accounting
ACC 644 - Financial
Statement Analysis (3 credits)
This course
investigates financial reporting from a user perspective in interpreting
and analyzing financial reports for investments and other decision
making. The course begins with a review of accounting systems and then
emphasizes analysis of financial statements and the implications for
various user groups. The course involves a group presentation of an
in-depth analysis and comparison of two companies in the same industry.
Prerequisite: FIN
599 or equivalent
ACC 645 - Managerial Accounting
(3 credits)
Managers must equip themselves with the tools and insights to act
strategically about business opportunities. This course provides
students with an understanding of how managers can use information- both
financial and non-financial to implement strategic plans and improve the
process of providing service to their customers. Topics to be studied
will include measuring and analyzing activity costs, managing
activities, short-term decisions and constraints, budgeting, cost
allocations, standard costs and management accounting in a dynamic
environment.
Prerequisites: ACC 644 or undergraduate
degree in accounting/equivalent
ACC 650 - Basic Taxation (3
credits)
This course is a study
of federal tax law as it pertains to individuals. It emphasizes
fundamental principles and concepts of federal income tax, determination
of gross income, allowable deductions from income, recognition of gains
and losses, tax accounting, and basic rules and standards of tax
practice. Students gain an understanding of the history and tax policy
considerations behind various Internal Revenue Code provisions.
Preparation of Form 1040 will be studied in detail.
Prerequisites: Admission to the Program or ACC
644 (if student is taking as an elective)
ACC 651 - Accounting
Information Systems (3 credits)
This course surveys
topics relating to accounting information systems of business. It
emphasizes the accountant's interaction as a user, evaluator, and designer
of accounting information systems. The course is intended for accounting
majors who will be assuming the responsibilities of a professional
accountant. It is also intended for students who are majoring in other
business disciplines, who will ultimately be a user of an accounting
information system. Topics include the study of basic concepts pertaining
to accounting information systems, systems documentation techniques,
database systems, controls of systems, fraud, accounting cycles, and
various decision making reporting techniques.
Prerequisite: ACC
644.
ACC 660 - Taxation of
Corporations (3 credits)
This course is a study
of tax issues surrounding the corporate entity. It emphasizes tax
problems of the corporation and shareholder. It covers aspects of
incorporation, financing the entity, distributions, earnings and
profits, redemptions and liquidations, reorganizations, and the taxation
of the corporation income. Preparation of Form 1120 will be addressed.
Prerequisites: Admission to the Program or
ACC 644 (if student is taking as an elective) PLUS
permission of instructor;
ACC 650 is highly recommended
ACC 665 - Taxation of Small
Business (3 credits)
This course provides
an detailed look at tax issues unique to the small business. The various
entity options available to the small business will be explored. Filing
requirements, types of expenses that can be deducted, and paying taxes
will be some of the areas covered.
Prerequisites: Admission to the Program
ACC 670 - Tax Research and
Communications (3 credits)
This course is a study
of methods of intensive tax law research. Students gain an awareness of
issues in federal tax practice and procedure including ethical concerns
for tax professionals. Special emphasis is placed on developing sound
research and writing skills and communication of their findings to their
supervisors and the client.
Prerequisites: ACC 650 & ACC
660
ACC 675 - Taxation of
Partnerships and S Corporations I (3 credits)
This course provides
an in-depth study of S Corporations, partnerships and limited liability
companies. This course helps students become aware of the potential
consequences of choosing a particular form of entity. Topics covered
include formation, operation, and dissolution of S corporations,
partnerships and limited liability companies. Preparation of Forms 1065
for Partnerships and 1120S for S-Corps will also be reviewed.
Prerequisites: ACC 650 & ACC
660
ACC 680 - Taxation of Exempt
Organizations (3 credits)
This course examines
the tax laws as it relates to tax-exempt organizations under Internal
Revenue Code Section 501(c). Different types of tax-exempt organizations
will be analyzed including but not limited to religious, educational,
social, and governmental agencies. Preparation of the Forms 990, 990-T
and 990-PF will be reviewed.
Prerequisites: ACC 650 & ACC
660
ACC 685 - Taxation of
Employees/Executives/Retiree Fringe Benefits
(3 credits)
This course covers
taxation issues surrounding various employee benefits and deferred
compensation plans. The tax implications for both the employer and
employee of pension, profit-sharing, annuity income, cafeteria and other
benefits are examined in depth. This course will also address the risks
and benefits of using independent contractors instead of employees.
Prerequisites: ACC 650 & ACC
660
ACC 700 - Current Issues in
Taxation (3 credits)
This course explores
various current topics in taxation. An examination of the impact of the
executive, legislative and judicial branches of government on forming
tax law will be included. Ethical issues surrounding tax law and
compliance will also be addressed.
Prerequisites: ACC 650, ACC
660 and 6 additional credits in Taxation
ACC 725 - Taxation of
Estates, Gifts and Trusts (3 credits)
This course is a study
of the income taxation of estates and trusts, including grantor trusts,
with emphasis on the integration of estate, gift, and income taxes.
Problems involved in estate planning and administration along with gift
transfers of property rights are also covered. Preparation of Form 1041,
returns for estates and trusts and calculation of gross estate, taxable
estate, taxable gifts and gift tax.
Prerequisites: ACC 650 & ACC
660
ACC 730 - Taxation of
Property-Real Estate/ like Kind Exchanges
(3 credits)
This course provides
an in-depth examination of the tax provisions and opportunities for
planning transactions involving real estate investments and like-kind
exchanges. Property basis, involuntary conversions, sales and
dispositions, qualifying property and capital gains and losses are some
of the topics that will be explored. The various form used for property
transactions will be reviewed in detail.
Prerequisites: ACC 650 & ACC
660
ACC 735 - Multi-State
Taxation (3 credits)
This course provides
an in-depth study of individual and corporation state and local
taxation. Topics to be covered include state income, franchise, capital
stock, and sales and use taxes. Emphasis will be placed on tax problem
areas in Pennsylvania, New Jersey, Delaware, and Maryland. The structure
of state and local laws involving property, sale and use, franchise, and
corporate income taxes will be explored. Gross receipts and sales tax
will also be covered.
Prerequisites: ACC 650 & ACC
660
ACC 755 - International
Taxation Issues (3 credits)
This course studies
the federal income tax provisions applicable to foreign income of US
citizens, residents, and corporations and to foreign persons with US
income. The foreign tax credit versus exemption and the role of treaties
are examined. Corporate issues will also be addressed including
controlled foreign corporations and benefits of possession corporations.
Prerequisites: ACC 650 & ACC
660
ACC 775 - Taxation of
Partnerships and S Corporations II (3 credits)
This course provides
an advanced study of S Corporations, partnerships and limited liability
companies. Current issues and special topics surrounding these entities
will be discussed and analyzed through a case method approach.
Prerequisites: ACC
675
ACC 799 - Special Topics in
Taxation (1-3 credits)
This course provides
students with the unique opportunity to explore a specific area of
taxation in more detail. The course may be offered on a one-time or
irregular basis.
Prerequisites: ACC 650, ACC
660 and 12 additional credits in Taxation
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