The Catholic University of America

ACCT 509: Cost Accounting
3.00 Credits
Cost accounting systems and cost allocation problems, analysis of differential costs for decision making, use of standard cost and flexible budgets for performance evaluation. Also addressed: long-term decisions and capital budgeting methods

ACCT 512 Auditing

3.00 Credits
History of auditing, description of professional certified public accounting (C.P.A.) approach to auditing the modern corporate enterprise. The auditing methods taught are those established to concur with the generally accepted auditing standards promulgated by the American Institute of Certified Public Accountants. Student learns how to give professional opinions concerning the financial condition and the operations of commercial enterprises. Prerequisite: ACCT 412.

ACCT 517 Governmental and Not-For-Profit Accounting

3.00 Credits
Analyzes accounting procedures peculiar to non-profit organizations and municipalities. It illustrates statements commonly prepared for each type of organization, fund, and account group. The course also encompasses GAAP standards and reporting requirements that pertain to non-profit organizations and GASB standards and reporting requirements that relate to government accounting. Prerequisite: ACCT 411.

ACCT 518 Advanced Accounting

3.00 Credits
Primary emphasis is on accounting for corporate acquisitions and consolidations, with substantial discussion of accounting for partnerships and an overview of accounting for governmental and not-for-profit organizations. Also covered: interim financial reporting and segmental reporting. Blends theory and practice. Discusses the theory behind procedures and identifies the GAAP in current use. Prerequisite: ACCT 411.

ACCT 519 Federal Taxation I

3.00 Credits
A study and analysis of federal income taxation of individuals. Topics involve gross income, deductions and losses, special tax computation methods and tax credits and property transactions with emphasis on nature of gain or loss, basis, capital gains and losses and recapture provisions. Stresses tax planning; a comprehensive tax return problem provides exposure to tax preparation requirements.. Prerequisite: ACCT 305.

ACCT 520 Corporate Tax Accounting

3.00 Credits
A study and analysis of the federal income taxation consequences to partnerships, corporations, and shareholders. Federal estate and gift taxes also addressed. Topics include capital structure, distributions, liquidations and reorganizations of corporations, Sub-chapter S corporations and special corporate problems. Partnership formation operation, distributions and transfers. The inter-relationship between the gift and estate tax provision. Prerequisite: ACCT 305.

ACCT 525 Accounting Software Systems

3.0 Credits
An overview of computer and non-computer-based information systems and software for organizations of various kinds. Concepts and techniques of analyzing, designing, and implementing accounting information systems. Students will be introduced to a wide variety of accounting software programs used in the accounting profession and its clientele. Prerequisite: ACCT 306.

ACCT 530 Forensic Accounting

3.00 Credits
Introduction to the type of work and skills required to perform forensic and investigative accounting. The class will cover who commits fraud and why as well as the types of fraud, including financial statement fraud, income tax fraud, identity theft and employee fraud. Instruction will include guest presentations from professionals in the area of law enforcement, tax, and bankruptcy law. Students will learn various techniques to prevent fraud and how to detect fraud. Topics will also include fundamental investigative techniques with an emphasis on computer analysis of financial transactions. Prerequisite: ACCT 306.

ACCT 575 International Accounting

3.00 Credits
FASB standards of accounting translation for foreign currency transactions and investment, comparative analysis of accounting standards and procedures for Common Market, Commonwealth, Japan and Third World nations, and standards issued by IASC. Readings supplemented by study of cases and solution of problems. Prerequisite: ACCT 410.

ACCT 580: Legal Aspects of Accounting, Auditing and Finance

3.00 Credits
The course covers various legally-intensive topics in which Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS) come into play, frequently involving federal and state law requirements. The ongoing convergence of GAAP and the International Financial Reporting Standards (IFRS) will also be discussed. The course also examines many issues including accountants’ legal liability for their work, companies’ recognition of revenues and expenses, treatment of loss and gain contingencies, and the role of internal controls in terms of ensuring corporate accountability.

ACCT 582: Financial Statement Analysis

3.00 Credits
Examines how the differential application of accounting methods and estimates affect reported earnings, stockholders' equity, cash flow, and various measures of financial performance. Also, explores how the supplementary data contained in financial reports can be used to adjust financial statements and measures of financial performance to make them more comparable, consistent, and more reflective of economic reality. The emphasis of the course is upon the use of information derived from analyzing financial statements to make investment, credit and valuation decisions.

ACCT 591: Special Topics in Accounting

3.00 Credits
No description available

ACCT 594 Contemporary Accounting Issues

3.00 Credits - FASB standards of accounting translation for foreign currency transactions and investment, comparative analysis of accounting standards and procedures for Common Market, Commonwealth, Japan and Third World nations, and standards issued by IASC. Readings supplemented by study of cases and solution of problems. Prerequisite: ACCT 410.

ACCT 595: Internship

3.00 Credits
Student works as an intern (part-time, with or without pay) with a local firm or government agency, gaining on-the-job experience in a field related to the student's academic pursuit. Performance evaluated on basis of periodic reports from supervisor and submission of a term paper, the subject matter of which is preapproved by the academic adviser.
 
ACCT 650 Graduate Seminar

3.00 Credits
An ongoing confrontation between the student and contemporary accounting problems. Designed so that the student may interpret, analyze, evaluate, and draw equitable conclusions about, and develop a superior perspective on, both the theoretical and practical accounting environment within contemporary constructs. Viewed as a culmination of the master's program in accounting.