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 I

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 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, 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 it’s transformation into meaningful information.

ACCT 5367 Intermediate Accounting I

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 II

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 5376 Advanced 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 Governmental & 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 5397 Oil and Gas Accounting

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.

ACCT 5397 Enterprise Risk Assessment

Through the study of ERM, students have a better understanding 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 more indepth 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 (ie audit team), presenting in class (ie 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 the students are introduced to the local chapter of the IIA monthly meetings which they view as both a learning and networking opportunity.

  • 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.

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.