Required: Accounting Undergrad

*Other business majors like Finance, may be in the 30 credit track with some additional required courses and fewer elective credits required.

  • ACCT 6601 - Internal Control
    4 cr, Available in Fall (prereq: ACCT 5125W Auditing)
    Internal control from management's perspective. Application of COSO Internal Control—Integrated Framework and Enterprise Risk Management—Integrated Framework.
  • ACCT 6602 - Securities and Exchange Commission (SEC) and Standard Setting
    4 cr, Available in Fall (prereq: ACCT 5125W Auditing)
    Role/organization of Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB). Compliance with Securities Act of 1933, Securities and Exchange Act of 1934, and Sarbanes-Oxley Act of 2002. Setting/convergence of international/U.S. accounting/auditing standards.
  • IDSC 6003 - Accounting and Information Systems
    4 cr, Available in Spring
    IS/IT infrastructure assessment methods, technology solutions, management issues. Digital data sources. Systems design in accounting and financial reporting information systems. Internal control requirements of Sarbanes-Oxley Act of 2002. Experiential learning, hands-on use of accounting enterprise software other packages.
Required: Non-Accounting Undergrad
  • ACCT 5102 - Intermediate Accounting II
    4 cr, Available in Fall and Spring
    Basic valuation problems encountered in financial reporting. Focuses on valuation of liabilities. Accounting for leases, pensions, and deferred taxes. Introduces consolidated financial statements.
  • ACCT 5125W - Auditing
    4 cr, Available in Fall and Spring
    Concepts of auditing internal control/financial statements in accordance with generally accepted auditing/professional standards established by Public Company Oversight Board (PCAOB) and American Institute of Certified Public Accountants (AICPA). Writing Intensive course.
  • ACCT 5135 - Fundamentals of Federal Income Tax
    4 cr, Available in Fall and Spring
    U.S. federal system of taxation. Concepts of gross income, deductions, credits. Analysis of structure of Internal Revenue Code, its provisions with respect to specific areas of law. Interrelationships between legislative, judicial, and administrative authority. Methods, tools, and techniques to conduct tax research.
  • BLAW 6158 - Law of Contracts and Agency
    2 cr, Available in Spring B term
    This course highlights topics that are important to any business manager, with particular emphasis on areas of interest for those aspiring to high level executive/management positions with publicly-traded companies.  General topics include:  contracts, real estate law, the law of agency, employment law, certain discrimination laws (including Minnesota's fairly recent protections for women in the workplace), and forms of business entity.  Public company subjects include:  pros and cons of going public, the IPO process, federal securities laws and SEC regulations regarding public company reporting requirements, insider trading, the Sarbanes-Oxley Act of 2002 and its impact on corporate governance, trends in shareholder democracy rights and shareholder activism, and the role of boards and audit committees. Throughout the course, we will examine the impact of the Supreme Court on American business.
  • ACCT 6604 - Advanced Management Accounting
    2 cr, Available in Fall A term
    Advanced Management Accounting will expose students to the application of management accounting from a strategic perspective. Students will deepen their knowledge and understanding of management accounting’s role in areas such as sustainability, environmental accounting, time-based accounting, including time-based activity-based costing, activity-based management, value chain analysis, business process re-engineering, benchmarking, target costing, product life cycle management, quantifying qualitative improvements and “big data”. Via cases and discussion of current articles, students will explore the most current and challenging issues facing management accountants.
  • ACCT 6601 - Internal Control
    4 cr, Available in Fall (prereq: ACCT 5125W Auditing)
    Internal control from management's perspective. Application of COSO Internal Control—Integrated Framework and Enterprise Risk Management—Integrated Framework.
  • ACCT 6602 - Securities and Exchange Commission (SEC) and Standard Setting
    4 cr, Available in Fall (prereq: ACCT 5125W Auditing)
    Role/organization of Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB). Compliance with Securities Act of 1933, Securities and Exchange Act of 1934, and Sarbanes-Oxley Act of 2002. Setting/convergence of international/U.S. accounting/auditing standards.
  • IDSC 6003 - Accounting and Information Systems
    4 cr, Available in Spring
    IS/IT infrastructure assessment methods, technology solutions, management issues. Digital data sources. Systems design in accounting and financial reporting information systems. Internal control requirements of Sarbanes-Oxley Act of 2002. Experiential learning, hands-on use of accounting enterprise software other packages.
Electives
  • ACCT 5126 Internal Audit
    2 cr, Available in Spring B Term
    Financial/operational auditing. Standards. Managing the function.
  • ACCT 5180 Consolidations & Advanced Reporting
    2 cr, Spring B Term
    Theory underlying preparation of consolidated financial statements, as well as mechanical computations needed to prepare statements. 
  • ACCT 5236 Introduction to Taxation of Business
    2 cr, Available in Fall B Term, and Spring A Term (prereq: ACCT 5135)
    Introduction to the income tax laws governing the taxation of corporations, partnerships, limited liability companies, limited liability partnerships, and S corporations. Students will also increase their knowledge and skills related to tax research by writing research memorandums.
  • ACCT 5310 International Accounting
    2 cr, Available in Spring B Term
    Causes/history of international differences in design of financial accounting/reporting systems, efforts to harmonize them into worldwide system. Role/impact of currency translation on financial statements. International Accounting Standards, conceptual framework.
  • ACCT 5420 MAcc Directed Study (approved internship)
    2 cr
    Internship or directed study in Master of Accountancy degree program.
  • ACCT 6603 Advanced Auditing
    4 cr, Available in Spring
    Auditing of derivatives, business combinations, fair value instruments, and other accounting topics. Evaluating the discipline of forensic accounting.
  • ACCT 6604 Advanced Management Accounting
    2 cr, Available in Fall A term
    Advanced Management Accounting will expose students to the application of management accounting from a strategic perspective. Students will deepen their knowledge and understanding of management accounting’s role in areas such as sustainability, environmental accounting, time-based accounting, including time-based activity-based costing, activity-based management, value chain analysis, business process re-engineering, benchmarking, target costing, product life cycle management, quantifying qualitative improvements and “big data”. Via cases and discussion of current articles, students will explore the most current and challenging issues facing management accountants.
  • ACCT 6605 Negotiations for Financial Executives
    2 cr, Available in Spring B Term
    In Negotiations for Financial Executives, students will develop an individual negotiating style and learn to adapt their negotiating style to various situations. Students will learn the methods and frameworks for negotiating effectiveness: preparation, setting high expectations, listening, and a commitment to ethics. During the class, students will have opportunities to apply the preparation model to plan a negotiation and actually apply their knowledge in a live case situation.
  • FINA 6121 Debt Markets, Interest Rates, and Hedging
    2 cr, Available in Spring A term
    Bond valuation: yield conventions, spot/forward rates, term structure, binomial pricing, static/option-adjusted spread. Duration: PVBP, Macauley/modified/effective duration, convexity. Portfolio management, hedging: dedicated, immunization, horizon matching, contingent, indexing, portfolio insurance, hedging. Treasury market: role of Fed, auctions, primary dealers, market conventions, bills, notes, bonds, strips, repos. Fixed income markets: agency, corporate, private placement, securitization and municipal.
  • FINA 6241 Corporate Finance Analysis and Decisions
    4 cr, Available in Fall and Spring
    Theoretical/applied understanding of corporate financial decisions. Adjusted present value, economic value added options. Impact of financing decisions on real asset valuation, managerial incentives, corporate strategy.
  • FINA 6242 Advanced Corporate Finance Analysis and Decisions
    4 cr, Available in Fall (prereq: FINA 6241)
    Theory/practice of efficiently managing working capital, fixed assets. Emphasizes mergers/acquisitions, corporate restructuring, real options. Use of derivatives as financing tools, in deal structure. 
  • FINA 6322 Financial Modeling
    2 cr, Available in Spring B Term and Summer
    Financial modeling tools to build, maintain, and interpret comprehensive financial models that provide the framework for understanding businesses and their historical performance, plans/strategies, and market values. Financial analytics/modeling skills. 
  • FINA 6341 World Economy
    4 cr, Available in Fall and Spring
    Tools to predict/understand ramifications of major economic events. Financial crises. Changes in monetary, fiscal, financial policies. Strategies for promoting long-run economic growth. Examples from U.S., Europe, Japan, developing countries.
  • FINA 6621 International Financial Management
    2 cr, Available in Spring B Term
    Applying finance theory to multinational corporations' investment, financing, risk management, decisions. International financial system. Spot, forward, swaps, option markets for foreign exchange. Interest rate arbitrage, parity. Exchange rate risk analysis/forecast. Measuring/managing currency exposure. Long term financing with swaps. Multinational capital budgeting. Cost of capital for international projects. 
  • FINA 6522 Introduction to Derivatives and Financial Risk Management
    2 cr, Available in Spring A Term
    Tools, tactics, strategies of risk management. Treasury risk measurement, interest rate risk management, currency risk management, credit risk management. Value-at-risk approach to integrated risk management. Risk management/corporate financing decisions. Internal control systems. Accounting/disclosure issues.
  • IDSC 6423 Enterprise Systems 
    2 cr, Available in Spring B Term
    Requirements of architectures of information systems that help integrate business processes and optimize performance across diverse organizations/divisions. Capabilities of information systems in enterprise integration and supply chain management. Linkages necessary between information systems and business processes.
  • IDSC 6471 Knowledge Management
    2 cr, Available in Fall A Term
    Design, evaluation, use of knowledge in organizations. Leveraging knowledge in workers, structures, processes. Assessment of knowledge needs. Evaluation of key decision processes, information demands, usage patterns, content requirements. Behavioral/cultural barriers. Use of technology for knowledge management.
  • MBA 6120 Data Analysis and Statistics for Managers
    3 cr, Available in Fall, Spring, Summer
    Concepts/ principles of business statistics, data analysis and presentation of results. Topics: exploratory data analysis, basic inferential procedures, statistical process control, time series/regression analysis, and analysis of variance. These methods are selected for their relevance to managerial decision making and problem solving.
  • MBT 5200 Accounting Methods I
    2 cr, Available in Spring A term (prereq: ACCT 5135)
    This course covers the federal income tax rules for when income and expense should be recognized.  The purpose of this course is to provide students the statutory and regulatory framework for analyzing and explaining the federal income tax consequences of tax accounting methods and periods issues.
  • MBT 5201 Accounting Methods II
    2 cr, Available in Spring B term (prereq: ACCT 5135)
    This course covers special topics within the tax accounting methods area, including changes in accounting methods, accounting periods, installment sales and inventory concepts. The purpose of this course is to provide students statutory and regulatory framework for analyzing and explaining the federal income tax consequences of special tax accounting methods issues.
  • MBT 5220 Tax Research, Communication and Practice
    4 cr, Available in Fall (prereq: ACCT 5135)
    Tax questions. Locating/assessing potential authority. Communicating research results. Sources of IRS policy. Processing/auditing returns. Rulings, determination letters. Closing agreements. Assessments, collections.
  • MBT 5230 Corporate Taxation
    2 cr, Available in Fall A Term (prereq: ACCT 5135)
    Federal income taxation of corporations/shareholders. Organization of a corporation. Establishment of capital structure. Determination of tax liability. Dividends, non-liquidating distributions. Stock redemptions, liquidations.
  • MBT 5346 ASC 740 Computations and Analysis
    2 cr, Available in Fall B Term and Spring A Term (prereq: ACCT 5135)
    Financial accounting/reporting standards for effects of income taxes from corporate activities. Computation of current/deferred tax expense/benefit. Temporary differences, carryforwards. Computation of deferred tax assets/liabilities, valuation allowances, business combinations. Investments in subsidiaries, equity method investments. Foreign operations, tax allocations, interim period tax calculations.
  • MBT 5370 Taxation of Property Transactions
    2 cr, Available in Fall A term (prereq: ACCT 5135)
    Determining realized gain or loss and recognized gain or loss, and tax treatment of that gain or loss on property dispositions. Consequences of property transactions including depreciation, depletion, basis, and capital gains problems.
  • MBT 5382 Transfer Pricing
    2 cr, Available in Spring A term, odd years only (prereq: ACCT 5135)
    Transfer pricing requirements facing multinational companies. Tax requirements of the United States and other countries that have adopted the "arm's-length standard" or the transfer pricing guidelines adopted by the Organization for Economic Cooperation and Development. Regulations, methods, economic models, pricing policies, transaction accounting, and management of audits of managing transfer prices within a multinational company.
  • SCO 6041 Project Management
    2 cr, Available in Fall and Spring
    In the course of their careers, contemporary managers spend a significant amount of time either participating in or leading projects. Projects are frequently used as proving-grounds for high-potentials. The skills that are required in project management are often the very same attributes that are required for successfully managing a business. While every project is by definition unique, some concepts and tools (e.g., critical path method, time and cost tradeoffs, resource utilization, methods to deal with uncertainties) in project management apply to a wide range of different types of projects. The aim of this course is to equip students with these concepts and tools (e.g., Monte Carlo simulation, risk analysis) and to develop them into successful project managers, as well as team members.

CONNECT WITH MASTER OF ACCOUNTANCY