174 and the standard-setting process; SEC policy and practice; accounting for leases, post-employment benefits, deferred income taxes, and stock compensation plans. MACC 6130. Governmental and Nonprofit Accounting (3) A study of governmental and nonprofit accounting concepts including revenue and expense recognition; asset and liability valuation; and reporting, disclosure, and financial analysis. Includes in-depth discussion of the new GASB reporting model for governments and analysis of actual government financial statements produced using the new model. MACC 6160. Financial Statement Analysis (3) Comprehensive study of the analysis and interpretation of financial statements by external decision makers and the impact of accounting conventions and alternative standards on analytical measures. MACC 6210. Ethical Considerations & 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. MACC 6310. Advanced Cost Accounting (3) Advanced cost accounting topics including cost accounting for non-manufacturing organizations, human information processing, activity resource usage, pricing, performance measurement, and non-routine decisions. MACC 6330. Strategic Management Accounting (3) A study and analysis of advanced managerial accounting subjects. Examines the impact of accounting information on managerial processes including planning, organizing, and contiolling. MACC 6400. Tax Research & Planning (3) Techniques in effective tax research, planning and communication. Also includes discussion of tax policy, procedure and ethics. MACC 6410. International Taxation (3) Principles of U.S. taxation applicable to inbound and outbound international transactions. Also covers issues related to international tax treaties. MACC 6420. Taxation of Gifts, Estates, & Trusts (3) Principles of estate & gift taxation and valuation. Also includes wills and intestate succession and income taxation of estates and trusts. MACC 6430. Advanced Individual Tax Problems (3) In-depth coverage of advanced individual tax issues such as alternative minimum tax, loss limitations, real estate transactions, stock options, employment taxes, tax credits, charitable contributions, interest classification, related-party transactions, and timing of income/loss recognition. MACC 6440. Exempt Entities and State & Local Taxation (3) Nonprofit corporations, public charities, private foundations, excise taxes, unrelated business income, and compliance issues for tax-exempt entities. State income taxation, nexus, constitutional limitations, sales tax, excise tax, property tax, and other current state and local tax issues. MACC 6460. Corporate Taxation (3) Income taxation of corporations and shareholders. Includes in- depth analysis of tax issues related to corporate formations, operations, distributions and liquidations. Also covers the taxation of S corporations. MACC 6470. Partnership Taxation (3) Income taxation of partnerships and partners. Includes in-depth analysis of tax issues related to partnership formations, operations, distributions and liquidations. Also covers issues related to limited liability companies. MACC 6480. Retirement Planning (3) Consideration of tax, insurance, investment and estate planning principles from a retirement perspective. Includes discussion of sources of retirement income and anticipated retirement expenses. MACC 6490. Advanced Corporate Taxation (3) In-depth coverage of advanced corporate tax topics such as tax-free corporate reorganizations, taxable stock acquisitions, taxable asset acquisitions, affiliated groups, consolidated returns, and corporate tax shelters. Recommended Prerequisite: MACC 6460. MACC 6560. Advanced Auditing and Assurance Services (3) Advanced topics of auditing and assurance services including professional and technical aspects of auditing practice, introduction to SEC, ethics and legal responsibilities, fraud, recent auditing developments, sampling techniques for decision making, internal control, and risk assessment. MACC 6570. Information Systems Auditing (3) Methods, techniques, controls, and procedures used in the audit of computerized accounting systems. MACC 6580. Internal Auditing (3) Internal audit profession, internal control, risk assessment, evidence gathering, audit management, internal/external auditor relations, environmental auditing and federal sentencing guidelines, and audit reporting. MACC 6610. Advanced Accounting Information Systems (3) An advanced study of accounting information systems including general ledger, principles, tools, and techniques for controls, database systems, management query, and data analysis tools and systems. Course integrates projects and case studies where applicable. MACC 6801, 6802, 6803. Individual Study (1, 2, 3) Individual work or work in small groups, by arrangement, on special topics not included in the announced course offerings. Prerequisite: Approval of Graduate Coordinator and Instructor. MACC 6991, 6992, 6993. Lecture Seminar (I, 2, 3) Lecture and discussion of current accounting topics by individuals from business and industry. Accounting Major bachelor's degree (bs or ba} » Program Prerequisites: Most business and economics courses with numbers above 3000 require prior completion of ACTG 2010, ECON SS2010, ECON SS2020,1ST 2010, and QUAN SI2600. These prerequisites are referred to collectively as "Business Foundations." All Accounting courses numbered above 3000 require Business Foundations except ACTG 3110, 3400, and 3500. (Refer to the John B. Goddard School of Business & Economics Requirements on pages 164-167.) » Minor: Not required. » Grade Requirements: Candidates for the bachelor of arts and bachelor of science degrees must complete all prerequisite and required business and economics courses with a grade of "C-" or higher. In addition, the cumulative Business Foundation GPA, the overall business and economics GPA, and the overall university GPA must be 2.5 or higher. » Credit Hour Requirements: A total of 123 credit hours is required for graduation. Weber State University 2007 - 2008 Catalog