162 163 The field of accounting encompasses the well-recognized profession of public accounting including auditing, management advisory services, and tax services; professional careers in industry such as management accounting (controllership), cost accounting, and internal auditing; careers in various governmental agencies and other accounting and business-related fields. Accounting is defined as the process of gathering, classifying, interpreting, and presenting information for decision-making purposes to diversified user groups. Professionals in public accounting in Utah encourage 30 semester hours beyond a baccalaureate degree. Students should take advantage of opportunities to prepare themselves to sit for one of three professional examinations (Certified Public Accountant, Certified Management Accountant, and/or Certified Internal Auditor) at the culmination of their accounting program. Master of Professional Accountancy An accounting professional in today's environment must possess a high level of technical competence, a sense of commitment to service, communication skills, analytical skills, and the ability to work well with people. To obtain the required body of knowledge and to develop the skills and abilities needed to be successful accounting professionals, serious consideration must be given to study beyond a four-year baccalaureate program. The Master of Professional Accountancy (MPAcc) Program provides an additional year of training for the professional accountant. In addition, the MPAcc 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 and allows a broadening of perspective by providing course work in a variety of areas that cannot be considered in an undergraduate program due to time constraints. The program requires a minimum of 30 semester hours beyond a bachelors degree in accounting. The program must contain not less than 15 semester hours of accounting of which 12 must be in courses reserved exclusively for graduate students. The program must contain not less than 9 semester hours outside of the accounting discipline. The Graduate Coordinator must approve each MPAcc student's plan of study which will show all courses that the student plans to take. A plan of study must be filed when a student is accepted into the program, when the student wishes to make changes, and each year the student remains in the program. Any MPAcc student receiving a "C" grade in any class which is part of the course work leading to a Master of Professional Accountancy will be placed on academic probation. If a second "C" is received, such student will be terminated from the MPAcc program. Any MPAcc student receiving a "D" or "E" grade in any class which is part of the course work leading to a Master of Professional Accountancy will be terminated from the MPAcc program. Students can select one of the following tracks. Courses required for each track are as follows: Audit/Financial Track Required Courses (18 credit hours) MPAcc 6120 Financial Accounting Sc Reporting (3) MPAcc 6150 Financial Accounting Theory (3) MPAcc 6550 Audit Techniques Sc Cases (3) MPAcc 6570 Information Systems Auditing (3) MPAcc 6580 Internal Auditing (3) ISScT 6620 Databases Sc Information Systems (3) Elective Courses (12 credit hours) Select at least 12 hours from 4000 or higher-numbered courses which were not taken in the student's undergraduate program. (Acctng 5130 must be part of the 12 hours, if not taken in the student's undergraduate program). Six or more hours must be taken outside the accounting discipline. Tax Track (30 credit hours) Required Courses (15 credit hours) MPAcc 6400 Tax Research Sc Planning (3) MPAcc 6420 Wills, Gifts, Estates, Sc Trusts (3) MPAcc 6460 Advanced Corporate Taxation (3) MPAcc 6470 Advanced Partnership Taxation (3) and one of the following MPAcc 6410 International Taxation (3) MPAcc 6450 Tax Policy Sc Procedure (3) MPAcc 6480 Retirement Planning (3) Elective Courses (15 credit hours) Select 15 hours from 4000 or higher-numbered courses which were not taken in the student's undergraduate program. (Acctng 5440 must be part of the 15 hours, if not taken in the student's undergraduate program). Nine or more hours must be taken outside the accounting discipline. Cost/Systems Track (30 credit hours) Required Courses (18 credit hours) MPAcc 6310 Advanced Cost Accounting (3) MPAcc 6330 Advanced Managerial Accounting (3) MPAcc 6340 Controllership (3) ISScT 6620 Databases Sc Information Systems (3) ISScT 6630 Networking St Information Systems (3) and one of the following MPAcc 6570 Information Systems Auditing (3) MPAcc 6580 Internal Auditing (3) Elective Courses (12 credit hours) Select at least 12 hours from 4000 or higher-numbered courses which were not taken in the student's undergraduate program. (Acctng 5130 must be part of the 12 hours, if not taken in the student's undergraduate program). Three or more hours must be taken within the accounting discipline and three or more must be taken outside the accounting discipline. General Track (30 credit hours) Required MPAcc Courses (12 credit hours) One of the following MPAcc 6400 MPAcc 6410 MPAcc 6420 MPAcc 6450 MPAcc 6460 MPAcc 6470 MPAcc 6480 One of the following MPAcc 6120 MPAcc 6150 MPAcc 6580 MPAcc 6550 MPAcc 6570 One ofthe following MPAcc 6310 MPAcc 6330 MPAcc 6340 Tax Research Sc Planning (3) International Taxation (3) Wills, Gifts, Estates, Sc Trusts (3) Tax Policy and Procedure (3) Advanced Corporate Taxation (3) Advanced Partnership Taxation (3) Retirement Planning (3) Financial Accounting Sc Reporting (3) Financial Accounting Theory (3) Internal Auditing (3) Audit Techniques Sc Cases (3) Information Systems Auditing (3) Advanced Cost Accounting (3) Advanced Managerial Accounting (3) Controllership (3) Required IS&T Course ISScT 6620 Databases Sc Information Systems (3) Elective Courses (18 credit hours) Select at least 18 hours from 4000 or higher-numbered courses which were not taken in the student's undergraduate program. Six or more hours must be taken within the accounting discipline (to include at least three elective hours must be from 6000 level accounting classes.) Six or more hours must be taken outside the accounting discipline. Application for admission to the Master of Professional Accountancy Program should normally be made by July 1, October 1, and February 1 of the year during which admission is sought. Application for admission must include GMAT scores and official undergraduate transcripts. It is expected that the Master of Professional Accountancy Program will entail approximately two semesters 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 School of Accountancy for a separate and detailed bulletin on the Master of Professional Accountancy Program. Suggested Course Sequence Please refer to this program in the on-line catalog (weber.edu/catalog) and/or contact the department for a suggested course sequence. MASTER OF PROFESSIONAL ACCOUNTANCY COURSES - MPACC Entry into all 6000 level courses requires graduate standing. (See School of Accountancy for graduate standing criteria.) MPAcc 6120. Financial Accounting & Reporting (3) F In-depth coverage of financial accounting and reporting topics from a theoretical and practical standpoint through a combination of reading assignments, classroom lecture/discussion sessions, assignments, cases, and student presentations. Topics include the FASB and the standard-setting process; SEC policy and practice; accounting for leases, post-employment benefits, deferred income taxes, and stock compensation plans. Prerequisite: Acctng 3120. MPAcc 6140. Evolution of Accounting Thought (3) 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. Prerequisite: Acctng 3120. MPAcc 6150. Financial Accounting Theory (3) S Theoretical approaches to the solution of current problems in financial reporting. Prerequisite: Acctng 3120. MPAcc 6170. International Financial Reporting (3) 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. Prerequisite: Acctng 3120. MPAcc 6210. Ethical Considerations Sc Legal Liability (3) A study of the ethics espoused by accountants and their professional organizations with attention given to the current legal climate in which accountants operate. MPAcc 6250. SEC Accounting (3) The course is to provide the student with a first course in SEC reporting skills. The course will examine the Forms 10K, 10W, 8K, SI, SI, and S3. The course will also specifically examine the issues to be considered in preparing the Management Discussion and Analysis section of various SEC filings. Issues related to proxy statement, insider trading and liability of corporate officers will also be discussed. MPAcc 6260. Quantitative Methods in Accounting (3) 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. MPAcc 6310. Advanced Cost Accounting (3) F Advanced cost accounting topics including cost accounting for non- manufacturing organizations, human information processing, activity resource usage, pricing, performance measurement, and non-routine decisions. Prerequisite: Acctng 3300. MPAcc 6330. Advanced Managerial Accounting (3) 5 A study and analysis of advanced managerial accounting subjects. Examines the impact of accounting information on managerial processes including planning, organizing, and controlling. Prerequisites: Acctng 3300. MPAcc 6340. Controllership (3) 5 The role and responsibilities of the modern controller. Topics include internal and external reporting, business strategy, corporate finance, reengineering, strategic cost management, and information technology related to the controllership function. The application of theory, concepts, and practice from financial accounting, managerial accounting, and financial economics as these relate to the controllership function will be presented. Prerequisite: Acctng 3120, 3300; Fin 3200. MPAcc 6400. Tax Research & Planning (3) F Procedures in effective tax research as applied to specific problems of individuals, corporations, partnerships, and fiduciaries. Prerequisite: Acctng 5440. Recommended: MPAcc 6400. MPAcc 6410. International Taxation (3) Basic principles of international taxation. Prerequisite: Acctng 5440. Recommended: MPAcc 6400. MPAcc 6420. Wills, Gifts, Estates, & Trusts (3) S Principles of unified estate and gift taxation. Wills and intestate succession and income taxation of estates and trusts will also be covered. Prerequisite: Acctng 5440. Recommended: MPAcc 6400. MPAcc 6450. Tax Policy 8c Procedure (3) A conceptual study of taxes and tax entities in use by governmental units and their relative fairness and efficiency in generating revenue. The course will also include audit, appeal, and litigation strategy applicable to federal tax matters. Prerequisite: Acctng 5440. Recommend: MPAcc 6400. MPAcc 6460. Advanced Corporate Taxation (3) S A study of the income taxation of corporations with emphasis on corporate formation, distributions, liquidations, and reorganizations. Prerequisite: Acctng 5440. Recommended: MPAcc 6400. MPAcc 6470. Advanced Partnership Taxation (3) S A study of the income taxation of partnerships including formation, distributions, purchase and sale of partnership interest, etc. Prerequisite: Acctng 5440. Recommended: MPAcc 6400. MPAcc 6480. Retirement Planning (3) F Consideration of tax, insurance, investment, and estate planning principles looked at from the perspective of the retirement years. Includes discussion of social security, Medicare, and Medicaid. Prerequisite: Acctng 3400. Recommended: MPAcc 6400. PROFILE ENROLLMENT STUDENT AFFAIRS ACADEMIC INFO DEGREE REQ GEN ED intavAicrtntin a »v FYE HNRS BIS LIBSCI INTRD MINORS Applied Science A msmim CEET CS MFET/MET CMT CDGT ENGR AUTOSV/AUTOTC IDT SST TBE Art's A HuManftfe« COMM ENGL FORLNG DANCE MUSIC THEATR ART IHMHBMIM MBA MPACC/ACCTNG- BUSADM FIN LOM MGMT MKTG ECON/QUANT IS&T Education MEDUC CHFAM ATHL/AT HEALTH/NUTRI PE/REC EDUC HHHI CLS DENSCI PARAMD HTHSCI HAS/HIM NURSNG RADTEC DMS NUCMED RADTHR RESTHY Science BOTANY CHEM GEOSCI MATH/MATHED MICRO PHSX ZOOL Social A Behavioral Sciences MCJ/CJ ECON GEOGR HIST POLSC PHILO PSYCH SOCLWK GERONT SOCLGY ANTHRO AEROSP MILSCI NAVSCI Continuing Ed Dams Campus Weber State University 2002-2003 Catalog Weber State Univer 2002-2003 Catalog s i t y