Faculty & Departments

MBA Accountancy Courses

ACCT 60100 Financial Accounting I (Mod 1)
2 credit hours

This course addresses the accounting process used to measure and report economic events to outside stakeholders. The course focuses on fundamental concepts, required financial statements, key relationships, and forecasting financial statements.  The course emphasizes the role of accounting in decision-making by investors, creditors, and regulators.

ACCT 60120 Financial Accounting II (Mod 2)
2 credit hours

This course continues the study of financial accounting.  It discusses additional issues related to revenue recognition, inventory, long-lived assets, investments, and debt. The course emphasizes the role of accounting in contracts and in decision-making by investors, creditors, and regulators. (Prerequisite – ACCT 60100 or equivalent)

ACCT 70120 Corporate Financial Reporting (Mod 1)
2 credit hours

The objective of this course is for students to read, understand, and critically evaluate financial statement information. These skills are necessary for business analyses and understanding the financial press. ACCT 70120 builds on ACCT 60120 by addressing additional topics related to deferred income taxes, leases, retirement plans, controlled entities, and foreign operations. Journal entries, financial statement presentation, and financial statement footnote disclosures are examined. In addition, the rationale underlying the reporting requirements and management incentives for manipulating those requirements are explored. The text is supplemented with articles in the popular or financial press and actual financial statements.(Prerequisite – ACCT 60120 or equivalent)

ACCT 70150 – Financial Instrument and Fair Value Reporting (Mod 3)
2 credit hours

The objective of this course is for students to read, understand, and critically evaluate financial statement information related to financial instruments and other items measured at fair value. ACCT 70150 builds on ACCT 60120 by addressing additional topics related to passive stock investments, securitizations, derivatives, stock compensation, and asset impairments.  Journal entries, financial statement presentation, and financial statement footnote disclosures are examined. In addition, the rationale underlying the reporting requirements and management incentives for manipulating those requirements are explored. The text is supplemented with articles in the popular or financial press and actual financial statements. (Prerequisite – ACCT 60120 or equivalent)

ACCT 70200 – Strategic Cost Management (Mod 4)
2 credit hours

This course is concerned with the development and use of cost information to create, communicate, implement and control strategies. This course requires you to take theoretical constructs, and using the firm’s internal accounting system, apply them to actual, real-world managerial problems.  Accordingly, this course is a problem-solving course, and as such requires you to gain familiarity with the topics by working on problems taken from practice. The topics covered include use of cost accounting in various internal decisions, transfer pricing, activity-based costing, customer profitability reporting, to name but a few.  We will discuss both the benefits and limitations of accounting information in the context of various decisions and performance evaluation.

This course is not about technical journal entries, detailed calculation of process costing, alternative computational methods of variances etc. Many of these cost accounting topics are described at a conceptual level. The focus is on the use of cost information in the context of various decisions and understanding the incentives of the parties involved in the decision. The textbook, selected problems at the end of each chapter and cases form the basis of the class discussions.  One does not need any cost accounting background to take this course. We will build from basics.

This course is highly relevant (indeed essential) for concentrations in consulting, corporate finance, entrepreneurship and marketing tracks.  This course is useful for those pursuing investments and business leadership.(Prerequisite – ACCT 60120 or equivalent)

ACCT 70580 Valuation Litigation Support
2 credit hours

The primary purpose of the course is to expose students to valuation contexts and methodologies that are widely used in practice, but not covered in a typical accounting or finance valuation course. For example, we will focus on issues such as closely held firm valuations, minority shareholder discounts, the valuation of intellectual property (a particular emphasis), valuation issues related to the recent purchase of the Tribune Company by a group led by Sam Zell, and sport franchise valuation issues. So the primary learning in the course relates to the broadening and deepening of one’s understanding of valuation contexts and methodologies that arise in practice. A second important benefit of taking the course is that students will have the opportunity to learn from and network with leading valuation practitioners and expert witnesses. About half of the class sessions will be devoted to presentations by outside speakers