44 / FIELDS OF INSTRUCTION


SCHOOL OF ACCOUNTING
College of Business Administration

 GRADUATE FACULTY 1982-83
Director: H. P. Schaefer. Graduate Coordinators: J. L.
Kramer; D. Snowball. Graduate Research Professor: A. R.
Abdel-khalik. Professors: I. N Gleim; J. K. Simmons; S. C.
Yu. Associate Professors: B. B. Ajinkya; J. V. Boyles;
W. A. Collins; J. L. Kramer; C. L. McDonald; E. D. Smith;
D. Snowball. Assistant Professor: W. F. Messier.

 The School of Accounting offers graduate work leading
to the degrees Master of Accounting (M.Acc.) and Ph.D.
with a major in business administration and, an ac-
counting concentration. The M.Acc. degree program
offers specialization in each of the four areas of
auditing/financial accounting, management accounting,
accounting systems, and taxation. The Ph.D. account-
ing concentration is designed to prepare students for a
career in teaching and research at the university or
college level or for research-oriented careers in business
and government. Specific details for the M.Acc, and
Ph.D. programs will be supplied by the graduate cq-
ordinators upon request. The degree Master of Business
Administration with'an accounting concentration is
offered by the College of Business Administration.
Requirements for the MBA are included in the front
section of the Catalog.
 The M.Acc. and the Ph.D. accounting programs re-
quire admission standards of at least the following: For
the M.Acc. program, a combined verbal and quantitative
score of 1100 on the Graduate Record Examination
(GRE); a combined GRE score of 1250 for the Ph.D.
program; or a score of 500 for the M.Acc. and 550 for
the Ph.D. program on the Graduate Management
Admission Test (GMAT). Either the GRE or the GMAT
scores are acceptable; but admission to the M.Acc. or
Ph.D. accounting graduate programs cannot be granted
until scores are received. Information on minimum GPA
standards for admission to the M.Acc. program may be
obtained from the office of the Assistant Director. Foreign
students must submit a TOEFL test score of at least 550
and a satisfactory GMAT or GRE score.
 Admission to graduate courses in accounting requires
that students have, or complete without graduate credit,
approximately the courses required of an undergraduate
accounting major. With this background the M.Acc.
degree can normally be earned in three semesters.
 The M.Acc. degree requires 36 credits of course work.
A minimum of 20 credits must be in graduate level
courses; a minimum of 16 credits must be in graduate
level accounting courses. The remaining credits are
selected from recommended elective courses that vary
by area of specialization.
 Requirements for the Ph.D. degree include a core of
courses in mathematical methods, statistics, research
methodology, and economic theory; one or two minor
fields selected by the student; and major field of ac-
counting. Students are expected to acquire teaching
experience as part of the Ph.D. degree program. Grants-
in-aid will be awarded for this teaching. Students are
expected to enroll in ACC 6940 for a maximum of three
credits. Fulfillment of a research skill and a dissertation
on an accounting-related topic are also required.

ACC 5011-Financial Accounting (3) Designed primarily for
MBA candidates and other graduate students. Not open to


accounting majors. Functions and underlying principles of
accounting stressed. Emphasis on analysis of financial condi-
tions and business operations through an understanding of
accounting statements.
ACC 5214-Advanced Financial Accounting for Complex
Organizations (4) Analysis of accounting procedures for
consignment and installment sales, partnerships, branches,
consolidations, foreign operations, governmental accounting
and other advanced topics.
ACC 5453-Advanced Cost and Management Accounting (3)
Prereq: ACC 3401 and QMB 3700. Interpretive accounting for
management purposes.
ACC 5510-Tax Factors in Management Decisions (3) Course
open to MBA students and undergraduate students who have
not received credit for ACC 4501. Examines the income and
deduction concepts, the taxation of property transactions, the
taxation of business entities, the selection of a business form
and its capital structure, employee compensation, formation and
liquidation of a corporation, changes in the corporate structure,
and the use of tax shelters.
ACC 5511-Federal Income Tax Accounting II (3) Prereq: ACC
4501. This course is not open to persons in the tax concentration.
A continuation of Federal Income Tax Accounting I. This course
covers basic tax research, taxation of corporations, partnerships,
and fiduciaries, as well as the excise taxes levied upon transfers
of property at death and as gifts.
ACC 5512-Federal Income Taxation Procedures and Research
(4) Prereq: ACC 4501. Examines the basic techniques for
researching federal income tax questions as well as statutory
provisions specifying the duties and responsibilities of the IRS
and the taxpayers to each other. Topics include: use of
computerized tax research tools, IRS ruling procedures, tax
reporting and collection procedures, the audit process for tax ,
returns, the administrative and judicial processes governing tax
controversies, and tax return preparer rules.
ACC 5513-Transactions Involving Shareholders and Corpora-
tions (3) Prereq: ACC 5512. Examination of the fundamental
legal concepts, the statutory provisions and the computational
procedures applicable to economic transactions and events
involving the formation, operation, and liquidation of the
corporate entity. Consideration is also given to acquisitive and
divisive changes to the corporate structure.
ACC 5531-Federal Estate and Gift Taxation (3) Examination
of the federal excise tax levied on transfers of property via gift
or from decedents' estates.
ACC 5556-Transactions Involving Partners and Partnerships
(3) Prereq: ACC5512. Examines the tax aspects of the partner-
ship as a business entity. Topics include: the acquisition of a
partnership interest; the reporting of partnership profits, losses,
and distributions; transactions between partners and the partner-
ship; transfers of a partnership interest; and retirement or death
of a partner.
ACC 5582-Taxation of Foreign Related Transactions (3)
Prereq: ACC 5512. Examines the tax aspects of transactions
involving foreign parties. Topics include: the foreign tax credit,
taxation of U.S. citizens abroad, taxation of nonresident aliens
doing business in the U.S., tax treaties, taxation of income from
investments abroad, taxation of export operations, foreign
currency translation, intercompany pricing and boycott and
bribe related income.
ACC 5632-Auditing Theory and Internal Control II (3) A
continuation of ACC 4602 with detailed coverage of field work
procedures for internal control ard substantive audit testing,
statistical sampling, operational auditing and audit software
packages.
ACC 5745-Analysis and Design of Business Systems (3)
Examination of systems theory in relation to the accountant's
function of providing information for management.
ACC 5846-Advanced Accounting Analysis for the Controller-
ship Function (3) A study of planning and control as they relate
to management of organizations. The course draws from cases
and journals to integrate managerial accounting concepts.
ACC 5865-Public Administration Accounting (3)
ACC 6290-Accounting Theory and Financial Reporting
Standards (4) Current developments in accounting concepts
and principles and their relevance to the status of current
accounting practices. Special topics in financial accounting and