Department of Accountancy & Taxation
Graduate Course Descriptions
|Course #||Course Title||Description|
|ACCT 7330||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.
|ACCT 7340||Financial Statement Analysis||
Study of concepts and techniques of financial statement analysis with emphasis to business valuation using topics from accounting, finance, economics, and strategy. Topics include business strategy, profitability and risk analysis, evaluation of cash flow, and analysis of earning quality.
|ACCT 7350||Int’l Financial Reporting and Analysis||
Comparison of International Financial Reporting Standards (IFRS) and U.S. Financial Reporting Standards, analysis of foreign firms’ financial statements, multi-national firms, foreign currency translations/transactions, and transfer pricing.
|ACCT 7360||Partnership Taxation||
The purpose of this course is to provide the student with an understanding of the major issues encountered in the preparation of partnership and LLC federal income tax returns and providing tax advice to partnerships, LLCs, and their owners.
|ACCT 7362||Tax Research||
Business situations and appropriate alternative plans to minimize taxes, emphasizing the impact of taxes on business decisions
ACCT 7362, Tax Research, is a graduate tax course designed to teach the basics of Federal tax research. The objectives of the course are to:
|ACCT 7363||Contemporary Public Accounting Topics||
Evaluation and review of current topics in accounting including SEC financial reporting requirements.
|ACCT 7365||Seminar in Accounting Theory||
Introduces Financial Accounting Research System (FARS) and its application, exposes students to accounting literature and different approaches to accounting reporting, and gives students historical perspective to development of accounting principles and policy.
|ACCT 7367||Advanced Internal Audit||
This course has been designed with topics to prepare students for the responsibilities and challenges faced as an internal auditor in charge. The course format will require that you actively engage in discussions regarding leadership, compliance, analysis and internal audit skill-sets. Guests that are subject matter experts from different areas and backgrounds will participate in class discussions concerning the common and current issues auditors face. The course requirements will include an individual or small team project within the internal audit department at a corporation in the Houston area as well as the completion of a survey and report related to the IIA Common Body of Knowledge.
|ACCT 7370||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.
|ACCT 7375||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.
|ACCT 7378||Governmental and Non-Profit Accounting||
Course makes students aware of the dynamics of government and NFP accounting and the intellectual challenges it presents. It provides in-depth understanding of unique environment, concepts, and procedures. The course emphasizes the governmental accounting reporting model (GASB #34) currently being implemented by governmental entities and implementation of FASB Standards for NFP entities.
|ACCT 7380||Advanced Corporate Taxation||
Corporate reorganizations and consolidated corporate tax returns.
The course provides a detailed examination of the federal income tax treatment of corporations and their shareholders in reorganizations, including the taxation of merger, acquisition, and divesting transactions. Emphasis is placed on understanding the rules governing penalty taxes, tax-free divisions and reorganizations, affiliated corporations, consolidated returns, and the carryover of tax attributes.
|ACCT 7385||Fraud Examination||
Students will learn how and why occupational fraud is committed, how fraudulent conduct can be deterred, and how allegations of fraud should be investigated and resolved and why it is important to understand the “red flags” of fraud. Classes will be interactive with students working through case, developing investigative strategies, and seeking to prove how fraud was committed.
|ACCT 7397||Governance, Risk, and Compliance||
In this course we’ll cover a range of internal audit topics that are typically encountered in a business setting. In doing so, we’ll establish a foundation and a common jumping off point for our more in-depth and interesting activities including discussions, case analysis and group presentations.
|ACCT 7397||Current Issues in Taxation||
The purpose of this course is to introduce the student to various areas of state, federal and international taxation that is not covered in any of the current tax course offerings of the Department of Accountancy & Taxation. Subject matter experts from some o Houston’s best known public accounting and law firms share their knowledge of such areas as
|ACCT 7397||Multi-jurisdictional Tax Issues||
Introduction to the principles guiding nexus, geographic allocation of income, and the avoidance of double taxation, with an emphasis on understanding the U.S. tax rules that apply to income involving the U.S. and another country and compares those with the multi-state tax rules. The tax implications of business conducted electronically is also addressed.
|ACCT 7397||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.
|ACCT 7397||Oil and Gas Accounting 2||
Oil & Gas Accounting II builds on knowledge from Oil & Gas Accounting I. 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.
|ACCT 7397||Oil and Gas Accounting 3||
Oil & Gas Accounting III 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.
|GENB 7304||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. Course is a requirement for CPA eligibility in the State of Texas.
|GENB 7305||Commercial Law||
The general purpose of this course is to educate the students as to the basic legal principles which create the legal environment in which business is conducted in the United States.
|GENB 7334||Principles of Microfinance||
This course provides a unique opportunity to learn about microfinance and wealth creation, as an important development effort in the war against poverty. The course is designed to explore and analyze the key issues and current challenges faced with microfinance and wealth creation. Microfinance has begun to pick up steam with the UN tabbing 2005 as the year of Microfinance and with the father of Microfinance, Mohammed Yunus, winning the Nobel Peace prize for his work with Microfinance in 2006. Eradication of poverty through this means, which is spreading across developing countries, has now begun to see many microfinance institutions operating here in the United States in larger cities like Chicago, New York, Los Angeles and medium-sized cities like Oakland and Raleigh-Durham.
|MIS 7373||Database Management Systems I||
Concepts and methods associated with definition, creation, and management of data bases for business applications.
Database systems are one of the oldest, most pervasive and valuable technologies for supporting information needs in all types of organizations. Database systems evolved through several technological stages up to today’s distributed systems connected and accessible through the Internet. Management of modern organizations is impossible without database systems—inventory and sales could not be tracked, personnel administered, suppliers and customers relationships managed, accounting and marketing performed, electronic trading, markets and other segments of electronic commerce conducted, and so on. Simply, there is no business and management without database systems.
|MIS 7375||Transaction Processing Systems||
This course provides detailed coverage of the design and operation of information systems with special emphasis on IT auditing, security and controls. The recent Sarbanes-Oxley (SOX) requirements have necessitated the implementation of rigorous controls for the entire information technology environment. This course focuses on three alternative frameworks used to comply with SOX requirements:
|MIS 7376||Systems Analysis & Design||
Study of various design methodologies used to develop the information requirements and design specifications for large-scale computer-based systems.
|MIS 7378||IT Management and Controls||
Organizations are spending millions of dollars on the installation, management and use of information systems. Management is often defined as having four key components: planning, organizing, directing and controlling. This course focuses on the key elements of management applied to the information systems function. Topics discussed will include: the current state of information systems today, hiring and keeping IS personnel, acquiring hardware and software, legal and financial concerns, and governance of the IT function.
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