Department of Accountancy & Taxation

Courses Offered Through CAP

See more information and prerequisites at the UH Course Catalog.

Course # Course Title Description
ACCT 5330 Advanced Accounting

This course covers accounting and reporting principles used in a variety of business entities including: accounting for merger/acquisition activities, the creation of complex business structures, foreign activities of multinational companies, reporting required for publicly traded companies, and accounting for partnerships.

This course focuses on financial accounting for business combinations, preparation of consolidated financial statements including consolidation of international subsidiaries. The course also studies. Financial accounting for partnerships, international transactions and hedging fluctuations in foreign exchange rates.

  • Benefits/Application to Career

    Students learn how to approach accounting from a conceptual perspective. Students are provided with a better understanding of how accounting is driven by processes. Students are provided with a better understanding of how to translate financial statements and the impact of foreign transactions on an entity’s operations.

    The thing that is unique about advanced accounting is that students work on accounting issues related to multiple entities, whether these are affiliated companies being consolidated, or partners in a partnership. There is an additional layer of complexity also in the international component because of having to translate values through exchange rates. To practice at this level requires a good understanding of the basics so many students realize as they take advanced accounting that they don’t know as much as they thought.

    Students will develop the ability to analyze, comprehend and work with complex financial accounting transactions involving multiple related entities in mergers, consolidations, and investments with significant influence, partnerships, and international transactions.

ACCT 5331 Federal Income Tax - Individual

This course covers the basics of the Federal income tax law as it applies to individuals and corporations. Students will examine the major provisions of tax law, the application of law to specific factual situations, and the income tax consequences involved in financial decision making.

  • Benefits/Application to Career

    By the end of the semester, the student should be familiar with some of the more commonly encountered rules, regulations, judicial precedents, problem areas, and planning opportunities relating to each of these areas of federal tax law.

ACCT 5332 Corporate Taxation

Course focuses on federal tax laws, follows the lifecycle of a corporation and discusses tax issues at each stage, provides an introduction to flow-through entities, and emphasizes the understanding of how taxes relate to business decisions and planning.

  • Benefits/Application to Career

    Class work allows students to apply tax knowledge and evaluate alternative planning options. Tax return assignment gives students ability to use tax return preparation software and practice applying tax laws to real business scenarios.

ACCT 5335 Financial Statement Auditing

This course covers auditing standings and procedures and requires students to examine business and accounting concepts from an auditor’s perspective. To prepare students for the auditing profession, this course will combine theory and real world practice.

  • Benefits/Application to Career

    After taking this course, students should understand how to plan an audit, assess internal control, gather and document audit evidence, and write an appropriate audit report.

ACCT 5337 Management Accounting

This course continues students’ introduction to managerial and cost accounting from ACCT 2331 and ACCT 2332. Students will review and expand on issues associate with traditional product-costing methods and recognize the need for changing existing management accounting systems to calculate more accurate product costs and better cost information.

  • Benefits/Application to Career

    The management accounting practitioner adds value to their organization through the product costing function (the accumulation and transformation of cost data for the purposes of inventory valuation and income determination) and the cost management function (the collection of information to make short and long term decisions.)

    Students will be able to use cost information to facilitate long and short horizon planning, decision making, and management control and performance evaluation of their firm or customers organizations. Career wise, they should be able to perform the above functions from the accumulation of cost data to its transformation into meaningful information.

ACCT 5367 Intermediate Accounting 1

This course reviews the environment and conceptual framework of accounting, the accounting cycle, basic financial statement, and time value of money concepts.

  • Benefits/Application to Career

    Intermediate I is especially beneficial to students who wish to pursue a career in accounting or finance. While the topic coverage is similar to what students receive in an introductory financial accounting course, the depth of coverage is much greater. Anyone working with financial statement numbers will benefit greatly from knowing how they are calculated.

ACCT 5368 Intermediate Accounting 2

This course presents and evaluates the theory and application of financial accounting. It helps students to develop competence in the analysis of exchange transaction and in the application of financial accounting theory procedures.

  • Benefits/Application to Career

    Intermediate Accounting II covers some of the most important accounting concepts related to liabilities and owner’s equity. It is sometimes called the guts of accounting and is critical for passing the CPA exam or working in a finance environment. It covers such topics as Earnings per Share, investments in marketable securities, income tax accounting, leases, pensions, the statement of cash flows and financial statement derivatives.

ACCT 5371 Accounting Information Systems

This course covers accounting systems including file, problem, control, and system structures.

  • Benefits/Application to Career

    Students will be able to understand the basic functions of the revenue, expenditure, production, payroll/human resources and general ledger cycles. As well, students know how to analyze and recommend internal controls appropriate to different accounting systems.

ACCT 5375 Internal Auditing and the Control Entity Environment

This course provides an overview of internal auditing and introduces students to the internal auditor’s role in corporate governance, risk management, and internal controls. It introduces students to the International Professional Practices Framework and to several internal control frameworks. In addition, the course provides an overview of the internal auditing process, including the development of audit findings and writing audit reports. Students work on numerous internal auditing cases and make group presentations that focus on how internal auditors provide value to organizations. Students are also introduced to the internal auditing profession and the benefits of becoming a Certified Internal Auditor.

  • Benefits/Application to Career

    There has been a tremendous growth in the demand for internal auditors in recent years due to increased regulatory compliance requirements and the desire for organizations to have strong internal control systems. Internal auditors provide consulting and assurance services and assist management in assessing risk, improving governance, and in evaluating and recommending appropriate internal controls. Internal auditors work for private and publicly-traded companies across all industries, government agencies, and for not-for-profit organizations. Internal Auditing is now recognized as so beneficial to future career growth that a growing number of companies mandate a rotation in the internal audit department for participants in executive development programs. This course is beneficial to students who wish to pursue a career in internal auditing and also to those students who want to broaden their understanding of the auditing profession.

ACCT 5376 Advanced Financial Statement Auditing

Students will research professional auditing and accounting pronouncements, develop defensible solutions to practical situations, and develop skills for communicating solutions. Course builds effective teamwork, analytical reasoning skills, and technical comprehension.

  • Benefits/Application to Career

    Students will be able to research a technical accounting issue and then develop a position that they will be able to defend both in written and oral presentation.

ACCT 5377 Government & Non-Profit Accounting

This course provides an in-depth understanding of the unique environment, concepts, and procedures of accounting, financial reporting, auditing, and budgeting of governmental and not-for-profit organizations, with emphasis on the governmental accounting reporting model (GASB #34) currently being implemented by governmental entities and implementation of FASB Standards by not-for-profit entities.

To make accounting majors and other students having an interest in public sector accounting aware of the dynamism of government and NFP accounting and of the intellectual challenges that it presents. The course provides an in-depth understanding of the unique environment, concepts, and procedures of accounting, financial reporting, auditing, and budgeting of governmental and not-for-profit organizations, with emphasis on the governmental accounting reporting model (GASB # 34) currently being implemented by governmental entities and implementation of FASB Standards by Not-for-Profit entities.

  • Benefits/Application to Career

    This area is becoming increasingly more important as most governments and not-for-profit organizations actively seek to improve their ability to provide vital services more efficiently and effectively. As a result, the governmental and not-for-profit sectors provide a growing market for public accounting firms in providing accounting, audit, and consulting services.

    Most of the students can expect to have some involvement with government and not-for-profit entities during their professional careers, either as a Controller/CEO of a governmental/NFP entity, as an auditor with a public accounting firm or State Auditor, or as an accountant or financial manager with such an entity, be on the Board of an NFP or even hold a public office. Accordingly, the Uniform Certified Public Accountant Examination has placed more emphasis on this area in recent years. Approximately thirty percent of one of the four parts of the CPA exam is now devoted to governmental and not-for-profit entity accounting.

ACCT 5378 Control and Security of Internal Financial Information: Theory and Practice

Students in Control & Security of Financial Information learn the fundamentals of information security and techniques for securing, hardware, software, and information. The course aims to prepare students how to create a secure computing environment. Lecture topics include elements of information security, common threats and countermeasures, and management, operational, and technical controls.

  • Benefits/Application to Career

    Completion of this course helps prepare one to become a Certified Internal Auditor.

ACCT 5379 Enterprise Risk Management

Through the study of ERM, students learn how an overall organization functions and how important it is for the organization to manage risks and have related systems of internal control. Students learn the role of the internal auditor in the ERM process. In addition to ERM students also get to practice the basics of internal auditing including gaining a deeper understanding of the IPPF, practice drafting audit findings and an audit report, data mining techniques that are used for continuous monitoring, working on a group project (i.e. audit team), presenting in class (i.e. board of directors) and hearing from practicing internal auditors and Chief Risk Officers how it is done in the real world. Last but not least, students are introduced to the local chapter of the IIA monthly meetings and given an opportunity to network and learn from experienced professionals.

  • Benefits/Application to Career

    Students now understand that Internal Auditing is a real profession and provides an exciting career path. When students are interviewing for internal audit positions they will be able to discuss internal controls, ERM and various aspects of the profession. The knowledge that the students obtain in the ERM class enable them to ask more meaningful questions related to the profession.

ACCT 5380 Oil and Gas Accounting 1

This course covers the basic financial accounting and reporting issues related to oil and gas producing activities. It involves the application of standards set by the Financial Accounting Standards Board and the regulations established by the Securities and Exchange commission.

  • Benefits/Application to Career

    Students will become familiar with accounting problem related to oil and gas production in view of the socio-economic and politico-legal environments of the petroleum industry. They will also study current accounting practices of oil and gas producing companies related to exploration, acquisition, and development of oil gas properties and the production of oil and gas. Application of accounting systems for exploration, acquisition, drilling, production and conveyances of oil and gas. Regulatory environment of oil and gas, including international and tax applications.

ACCT 5381 Oil and Gas Accounting 2

Oil & Gas Accounting 2 builds on knowledge from Oil & Gas Accounting 1. It covers intermediate financial accounting, reporting and auditing issues in the upstream, midstream, marketing and trading, downstream and oilfield services sectors of the energy industry. It also introduces the primary conveyance transactions and associated purchase accounting and valuation issues in each of the sub-sectors. It addresses the application of standards set by the Financial Accounting Standards Boards, regulations established by the Securities and Exchange Commission and a comparison to International Financial Reporting Standards.

  • Benefits/Application to Career

    There are a number of companies and CPA firms who are looking to hire students who have completed O&G1, 2 and 3. No other university in the country offers this training and over 60% of business in Southeast Texas is O&G related.

ACCT 5382 Oil and Gas Accounting 3

Oil & Gas Accounting 3 is designed to round out students’ knowledge of the Oil & Gas/Energy Industry by covering natural gas accounting specialty issues, reservoir accounting, domestic and international production sharing agreements, oil & gas taxation, and, integrated audits and risks in oil & gas accounting.

  • Benefits/Application to Career

    There are a number of companies and CPA firms who are looking to hire students who have completed O&G1, 2 and 3. No other university in the country offers this training and over 60% of business in Southeast Texas is O&G related.

GENB 5303 Professional Accounting Communication

Strategies to increase the effectiveness of oral and written communication to accounting information stakeholders.

  • Benefits/Application to Career

    Effective verbal and writing skills are essential for a successful career in accounting. Accountants must compose a variety of written communications from formal reports of financial conclusions to a simple thank you letter as well as having the ability to orally communicate complex financial issues. Oral presentations to groups of professionals, board directors, legal and financial regulators may be required. Professional Accounting Communications teaches you these skills as well as a number of “soft skills” you will need to know to be successful in the early years of your career.

GENB 5304 Business Ethics for Accountants

Course examines ethics from a professional’s perspective with a focus on origins of ethics and basis for various ethical perspectives, modern day ethical decision making and behavior, and the laws rules, and guidelines that govern the accounting professional.

  • Benefits/Application to Career

    Course examines ethics from a professional’s perspective with a focus on origins of ethics and basis for various ethical perspectives, modern day ethical decision making and behavior, and the laws rules, and guidelines that govern the accounting professional.

GENB 5305 Commercial Law

Agency, contracts, debtor-creditor relationships, government regulation of business, and the uniform commercial code.

  • Benefits/Application to Career

    In a time of rapidly growing regulatory compliance of complex business transactions, students build and expand their personal knowledge base of the law which will inform them throughout their professional career.