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