Accounting Accounting • General Information GRADUATE PROGRAM: MASTER OF PROFESSIONAL ACCOUNTANCY- MASTER DEGREE The Master of Professional Accountancy (MPAcc) Program provides an additional year of training for the professional accountant and satisfies the requirements of the Utah Public Accountancy Act for those wishing to sit for the Uniform CPA Examination. It gives the students an opportunity to increase the depth of their understanding in key areas of accountancy. It also allows a broadening of perspective by providing coursework in a variety of areas of accounting that cannot be considered in an undergraduate program due to time constraints. The program requires a minimum of 45 quarter hours beyond a bachelors degree in accounting. The students can select between three specialized tracks. Courses required for each track are as follows: Audit/Financial Track: Required Courses: Acctg 552 (3) (if not previously taken), MPAcc 617 (5), 655 (5), 657 (5), 659 (5), 661 (5). Elective Courses: 17 hours (or 20 if Acctg 552 was already taken) from 400 or higher numbered courses (All 400 level and non-accounting courses must be approved by the Graduate Coordinator and not taken in the student's undergraduate program). Tax Track: Required Courses: Acctg 544 (3) (if not previously taken), MPAcc 640 (5), 641 (5), 642 (5), 645 (5), 646 (5), 647 (5). Elective Courses: 12 hours (or 15 if Acctg 544 was already taken) from 400 or higher numbered courses (All 400 level and non-accounting courses must be approved by the Graduate coordinator and not taken in the student's undergraduate program). Cost/Systems Track: Required Courses: Acctg 531 (3) and Acctg 552 (3) (if not previously taken), MPAcc 631 (5), 633 (5), 657 (5), 661 (5), CIS 530 (4) Elective Courses: 15 hours (or 18-21 if Acctg 531 or Acctg 552 were already taken) from 400 or higher numbered courses (All 400 level and non-accounting courses must be approved by the Graduate Coordinator and not taken in the student's undergraduate program.) General Track: Required Courses: Acctg 514 (3), 531 (3), 544 (3), and 552 (3), (if not previous taken), MPAcc 631 (5), 640 (5), 655 (5), 661 (5) Elective Courses: 19 hours (since two of the first four listed courses will have been taken in the undergraduate program) from 400 or higher numbered courses (All 400 level and non-accounting courses must be approved by the Graduate Coordinator and not taken in the student's undergraduate program). Application for admission to the Master of Professional Accountancy Program should normally be made by April 1 of the year during which admission is sought. Application for admission must include GMAT scores and undergraduate transcripts. It is expected that the Master of Professional Accountancy Program will entail approximately three quarters of study for a student with a bachelors degree in accounting. Students with other business related degrees can expect to spend about two years in the program. Those with non-business related undergraduate degrees should plan to spend at least three years in the program. Contact the Accounting Department for a separate and detailed bulletin on the Master of Professional Accountancy Program. PROGRAM: ACCOUNTING MAJOR BACHELOR DEGREE General Requirements: WSU Core Requirements (see index). • General Education Requirements (see index). College of Business and Economics Requirements: • See College of Business and Economics Requirements section of the catalog. Major Requirements (46-47 credit hours): • Required courses: Acctg 311 (3), 312 (3), 313 (3), 330 (3), 340 (3), 344 (3), 375 (3), 413 (3), 451 (3), 515 (3); Mgmt 320 (4); BusAdm 421 (3); plus one communications course selected from Commun HU102 (3), 107 (4), 214 (3), 220 (4), 312 (3), 350(3). Elective Courses (Any two of the following): Acctg 514 (3), 531 (3), 544 (3), 552 (3). m MASTER OF PROFESSIONAL ACCOUNTANCY COURSES-MPACC Entry into all 600 level courses requires graduate standing. (See Accounting Department for graduate standing criteria.) 614. Evolution of Accounting Thought (5) Development of traditional accounting theory including discussion of the various standard-setting bodies, self-regulation, politicization of accounting standard setting, and environmental influences affecting the accounting profession. 617. International Financial Reporting (5) S A study of the functions of international financial accounting, emphasizing such issues as the internationalization of accounting standards, and the development of individual country differences in accounting procedures and regulations. 621. Ethical Considerations and Legal Liability (5) A study of the ethics espoused by accountants and their professional organizations with attention given to the current legal climate in which accountants operate. 623. Advanced Business Law for Accountants (5) The study of advanced business law topics oriented toward the accountant and passage of professional examinations. Prerequisite: Bus Adm 320. 625. SEC Accounting (5) The history, impact, and filing requirements of Securities and Exchange Commission are examined. 626. Quantitative Methods in Accounting (5) The application of mathematics and statistics to accounting problems. Models and techniques include cost estimation, cost control, inventory management, financial forecasting, linear programming, goal programming, Markov analysis, and simulation. 631. Advanced Cost Accounting (5) 5 Emphasis on cost analysis for non-routine decisions and long- range planning, performance measurement, non-manufacturing costs, and alternative methods of overhead applications. Prerequisite: Acctg 331. 633. Advanced Managerial Accounting (5) W A study and analysis of advanced managerial accounting subjects. Examines the impact of accounting information on managerial processes including planning, organizing, and controlling. Prerequisites: Acctg 331. 640. Tax Research and Planning (5) A Procedures in effective tax research as applied to specific problems of individuals, corporations, partnerships, and fiduciaries. Prerequisite: Acctg 444. 641. International Taxation (5) W Basic principles of international taxation with emphasis on U.S. tax law. Prerequisite: Acctg 444. 642. Wills, Gifts, Estates, and Trusts (5) A Estate planning including consideration of intestacy and probate law, taxation of estates and gifts, and the use of trusts. Prerequisite: MPACC 640. 645. IRS Practice and Procedure (5) S Audit, appeal, and litigation strategy and procedure applicable to federal income tax matters. A simulated case involving drafting of appropriate documents will be an integral part of the course. Prerequisite: MPACC 640. 646. Advanced Corporate Taxation (5) W A study of the income taxation of corporations with emphasis on corporate formation, distributions, liquidations, and reorganizations. Prerequisite: MPACC 640. 647. Advanced Partnership Taxation (5) 5 A study of the income taxation of partnerships including formation, distributions, purchase and sale of partnership interest, etc. Prerequisite: MPACC 640. 655. Audit Techniques and Cases (5) A The application of generally accepted auditing standards to auditing cases. Also, a study of auditing research techniques and a study of contemporary issues related to auditing. Prerequisite: Acctg 452. 657. Auditing EDP Systems (5) W Methods, techniques, controls, and procedures used in the audit of computerized accounting systems. Prerequisite: Acctg 452. 659. Audit Sampling and SEC Accounting (5) W Applications of statistical and non-statistical sampling methods to auditing including judgment sampling, attribute sampling, ratio, difference, and mean per unit estimation, monetary unit sampling, and analytical tests. The history, impact, and filing requirements of Securities and Exchange Commission are examined. Prerequisite: Acctg 452. 661. Advanced Accounting Information Systems (5) A, S An advanced study of accounting information systems including general ledger, accounting database management, and management query systems. Course integrates projects and case studies where applicable. Prerequisite: Acctg 375. 675. Accounting and Communication (5) A study of accounting research methodologies and analytical techniques integrating methods of communicating the results of analyses and research accomplished. 680. Independent Study (1-5) Individual work or work in small groups, by arrangement, on special topics not included in the announced course offerings. Prerequisite: Approval of department chair and instructor. 699. Lecture Seminar (1-5) Lecture and discussion of current accounting topics by individuals from business and industry. Student Services Science 140 141