195 I MACC 6130 MACC 6160 MACC 6330 MACC 6560 MACC 6570 MACC- Application Application for admission to the Master of Accounting Program should normally be made by August 1 (fall semester), December 1 (spring semester), and April 1 (summer semester) of the year during which admission is sought. Application for admission must include GMAT scores, official undergraduate transcripts, resume, and two letters of recommendation. It is expected that the Master of Accounting Program will entail approximately two semesters of full-time study for a student with a bachelor's 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 Accounting Program. Professional Accounting Track (30 credit hours) All MAcc students in the Professional Accounting Track are required to complete the following courses (21 credit hours): MACC 6120 Financial Accounting and Reporting (3) Government and Not-for-Profit Accounting (3) Financial Statement Analysis (3) Strategic Management Accounting (3) Advanced Auditing and Assurance Services (3) Information Systems Auditing (3) Advanced Accounting Information Systems (3) And one of the following tax courses: MACC 6400, MACC 6425, MACC 6430, MACC 6460, or MACC 6470 (3 credits). In addition to the courses listed above, MAcc students in the Professional Accounting Track are required to complete 6 hours ofdectives. They may select any other MAcc courses. Electives may include a maximum of 3 hours ofnon-MAcc courses selected from approved 5000 or higher-numbered courses which were not taken in the student's undergraduate program. Select MBA courses approved by the MACC program director may also be used. Tax Track (30 credit hours) All MAcc students in the Tax Track are required to complete the following courses (15 credit hours): MACC 6400 Tax Research & Communication (3) Tax Practice, Procedure & Ethics (3) Advanced Individual Taxation (3) Advanced Corporate Taxation (3) Advanced Partnership Taxation (3) And at least one of the following (3 credits): MACC 6410 International Taxation (3) Exempt Entities and State & Local Taxation (3) Real Estate Taxation (3) Retirement Planning & Employee Benefits (3) Mergers, Acquisitions and Consolidations (3) In addition to meeting the requirements set forth above, MAcc students in the Tax Track are required to complete 12 credit hours of electives. They may select other MACC courses. At least two of the elective courses must be selected from non-tax MACC courses (totaling at least 6 credit hours). Electives may include a maximum of 3 hours ofnon-MACC courses selected from approved 5000 or higher-numbered courses which were not taken in the student's undergraduate program. Select MBA courses approved by the MAcc program director may also be used. MASTER OF ACCOUNTING COURSES - MACC MACC 6425 MACC 6430 MACC 6460 MACC 6470 MACC 6440 MACC 6450 MACC 6480 MACC 6490 Entry into all 6000 level courses requires graduate standing. (See School of Accountancy for graduate standing criteria.) MACC 6120. Financial Accounting & Reporting (3) 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. 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 & Communication (3) Techniques in effective tax research, planning and communication. Also includes a discussion of tax policy. 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 6425. Tax Practice, Procedure & Ethics (3) Detailed study of tax procedure in the context of a tax practice. Also covers legal and ethical requirements applicable to tax practitioners and their clients in complying with tax laws. MACC 6430. Advanced Individual Taxation (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. General PROFILE ENROLLMENT STUDENT AFFAIRS ACADEMIC INFO DEGREE REQ GENED Engaged Learning 8 Interdisciplinary OUR/CBL HNRS BIS LIBS INTRD MINORS Applied Science 8 Technology AUSV/ATTC CEET CS MFET/ETM MET CMT DGET ENGR IDT SST TBE Arts 8 Humanities MENG COMM ENGL FL DANC MUSC THEA ART/ARTH Business & Econ MBA MACC/ACTG BSAD FIN MGMT MKTG SCM ECON/QUAN 1ST Education MSAT/MED CHF AT/HLTH NUTR/PEP/REC HPHP COURSES ATHL/PE EDUC Health Professions MHA/MSN MSRS CLS DENT PAR HTHS HAS/HIM NRSG RADT DMS/NUCM RATH REST Science BTNY CHEM GEO MATH/MTHE MICR PHYS/ASTR ZOOL Social 8 Behavioral Sciences MCJ/CJ ECON GEOG HIST POLS/PHIL PSY SW/GERT SOC/ANTH MILS NAVS Continuing Ed Davis Campus Weber State University 2010-2011 Catalog