DEPARTMENT OF ACCOUNTING (ACCT) Karen V. Pincus Degrees Conferred: M.Acc. (ACCT) Ph.D. in Business Administration (BADM)
The Master of Accountancy program is accredited by the American Assembly of Collegiate Schools of Business (A.A.C.S.B.). A.A.C.S.B. accrediatation assures quality and promotes excellence and continuous improvement in undergraduate and graduate education for business administration and accounting. The Master of Accountancy program is designed to provide professional preparation at the graduate level for students wishing to pursue accounting-oriented careers in industry, government, and public practice. The program provides advanced work in the various areas of accounting. The educational objective of the Master of Accountancy program is to prepare students to become professional accountants. In addition to building upon specific undergraduate objectives, the master's program develops skills to 1) identify alternative solutions to accounting, auditing, and tax problems, 2) solve practice-related problems through archival and empirical research, and 3) critically analyze emerging practice-related problems. Admission to Degree Programs: The Master of Accountancy program is open to students who have been admitted to Graduate School and who have an acceptable undergraduate grade point average, an acceptable Graduate Management Admission Test (GMAT) score, and (international students only) an acceptable TOEFL score. Students entering the program are expected to possess a basic understanding of statistics, data processing, and mathematics. Course work deficiencies must be resolved at the beginning of the program. Requirements for the Master of Accountancy Degree: Students with appropriate backgrounds in business administration and economics and with an undergraduate concentration in accounting will be required to complete 30 semester hours of course work beyond the baccalaureate degree, at least 21 semester hours of which must be in courses reserved exclusively for graduate students. Prior accounting and computer courses must either have been successfully completed within the five years prior to entry to the M.Acc. program, or the student must provide other evidence of current knowledge in these areas. Otherwise, applicants may be required to repeat selected courses. Course work in the accounting discipline beyond introductory accounting must include coverage of each of the following areas: a) financial accounting and accounting theory Eighteen semester hours of accounting are required, 12 hours of which are specified: ACCT 5413, Accounting Issues for Restructurings Nine semester hours of the student's program must be non-accounting electives. Three semester hours may be either accounting or non-accounting electives. In addition to the degree requirements noted above, students with no undergraduate work in business administration and economics will be required to complete the courses or their equivalents listed below. Students with some background in business administration and economics, but with deficiencies in the following areas, will be required to remove these deficiencies as soon as possible. * financial management A cumulative grade-point average of 3.00 is required on (1) graduate work taken for the degree and (2) all accounting courses (both undergraduate and graduate) taken for the degree. At least 75 percent of the graduate credit hours submitted for the degree must be "A" or "B" grades. The M.Acc. degree program does not require a thesis. Successful completion of a Master of Accountancy Degree from the University of Arkansas will qualify a student to take relevant professional examinations.
COURSES: ACCOUNTING (ACCT) ACCT410V Special Topics in Accounting (1-3) (IR) Explore current events, concepts and new developments relevant to Accounting not available in other courses. May be repeated. Prerequisite: ACCT 2013 and ACCT 2023, each with a grade of "C" or better. ACCT4673 Product, Project and Service Costing (FA, SP) Cost systems with emphasis on information generation for cost management of products, projects and services. Prerequisite: ACCT 3533 and ACCT 3613 each with a grade of "C" or better. ACCT4753 Generally Accepted Accounting Principles (FA, SP) The origins, uses, and application of generally accepted accounting principles. Emphasizes researching technical accounting pronouncements for application to external financial reporting issues. Prerequisite: graduate standing or (ACCT 3721L and ACCT 3723) each with a grade of "C" or better. ACCT4963 Operational Auditing (FA, SP) The audit of efficiency, effectiveness, and performance of business and nonbusiness entities. Includes coverage of performance auditing techniques and application of these techniques to financial and nonfinancial functions. Prerequisite: senior standing and completion of all junior-level BA core and completion of junior-level accounting courses with a grade of "C" or better or graduate standing. ACCT5112 Introduction to Financial Accounting (FA) Fundamentals of financial accounting, accumulation and reporting of data which show the results of operations and financial positions for use by creditors, investors, regulators, managers, and others in their evaluation of the organization. Prerequisite: graduate standing. ACCT5122 Introduction to Management Accounting (FA) Introduction to cost terminology, concepts, and measurements leading to product costs, cost control, and budgeting. Prerequisite: ACCT 5112 with a grade of "C" or better. ACCT5303 Accounting Decisions and Control (FA, SU) Preparation and utilization of financial information for internal management purposes: planning and special decisions, cost determination, performance evaluation and control. Prerequisite: ACCT 5112 and ACCT 5122. ACCT5413 Accounting Issues for Restructurings (FA) Integrated course which examines the financial reporting, tax, managerial, systems and auditing aspects of major corporate restructurings arising from events such as mergers, acquisitions, spinoffs, reorganizations and downsizing. Prerequisite: ACCT 4753 with a grade of "C" or better. ACCT5433 Fraud Prevention and Detection (FA) An examination of various aspects of fraud prevention and detection, including the sociology of fraud, elements of fraud, types of fraud involving accounting information, costs of fraud, use of controls to prevent fraud, and methods of fraud detection. Prerequisite: ACCT 5112 and ACCT 5122 and CISQ 3333 with a grade of "C" or better. ACCT5443 Asset Management (SP) Acquisition and management of inventories, tangible capital assets, and intangible assets. Included are issues such as acquisition processes, internal controls, system requirements, accounting measurements, inventory models, re-engineering, capital budgeting, and tax implications. Prerequisite: ACCT 5112 and ACCT 5122 and CISQ 3333 each with a grade of "C" or better. ACCT5463 Contemporary Accounting Issues (SP) Cross-functional seminar on emerging issues in accounting. Prerequisite: ACCT 5413 and ACCT 5433. ACCT549V Special Topics in Accounting (1-3) (FA, SP, SU) Seminar in current topics not covered in other courses. Course is taught in separate 1-hour units, each with a different topic and instructor. Students may enroll in one or more units. ACCT5523 Advanced Accounting Information Systems (SP) This course describes accounting systems in technologically advanced environments. Controls and other technical design considerations are described for the input, processing, storage, and reporting of accounting information. Special topics, such as expert systems and artificial intelligence applications in financial accounting, auditing, and tax also receive considerable attention. Prerequisite: ACCT 5112 and ACCT 5122 and CISQ 3333 with a grade of "C" or better. ACCT5873 Advanced Taxation (FA) A review of the more complex tax issues, focusing on the tax problems encountered by various forms of business entities. Prerequisite: ACCT 3843 or equivalent with a grade of "C" or better. ACCT5883 Individual Tax Planning (SP) A review of the financial planning opportunities available to individuals, focusing on tax implications of personal business decisions. Prerequisite: ACCT 5112 and ACCT 5122 and CISQ 3333 with a grade of "C" or better. ACCT5953 Assurance Services (FA) The expression of assurance on financial statements and other forms of information for decision makers. Includes risk assessment, evidence gathering, and reporting. Prerequisite: ACCT 4753 and ACCT 4963 each with a grade of "C" or better. ACCT6011 Graduate Colloquium (FA, SP) Presentation and critique of research papers and proposals. ACCT6033 Accounting Research Seminar I (FA) First course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. examples of potential topics include research methods in accounting, managerial accounting, behavioral accounting, ACCT6133 Accounting Research Seminar II (SP) Second course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics includeresearch methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT 6033. ACCT6233 Accounting Research Seminar III (FA) Third course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT 6033. ACCT6333 Empirical Research in Finance and Accounting (1-6) (FA) A study of recent empirically based research in finance and accounting literature with emphasis on the application of various research methods to finance and accounting data. (Same as FINN 6333) ACCT636V Special Problems in Accounting (1-6) (FA, SP, SU) Special research project under supervision of a graduate faculty member. ACCT6433 Accounting Research Seminar IV (SP) Fourth course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT 6033. ACCT6633 Accounting Research Seminar V (FA, SP, SU) Fifth course in the accounting research seminar sequence which explores and evaluates current accounting literature. Course content reflects recent developments in the literature and specific interests of participants. Examples of potential topics include research methods in accounting, financial accounting, managerial accounting, behavioral accounting, tax, audit, international accounting, and education. Prerequisite: ACCT 6033. ACCT700V Doctoral Dissertation (1-6) (FA, SP, SU) Prerequisite: candidacy. |