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MSBA/Taxation Course Descriptions

(Effective Spring 2008)

 

 

ACCY 250. Financial Accounting.  Intensive study of generally accepted accounting principles and financial statements.  Graded: Graded Student. Units: 3.0.

 

ACCY 251. Foundations of International Accounting. The role of culture in accounting; comparative international financial and managerial accounting fundamentals; international financial statement analysis; international accounting standards and U.S. GAAP convergence; international business combinations; foreign exchange; international auditing; international taxation; and international capital flows. Graded: Graded Student. Units: 3.0.

 

ACCY 269. Individual and Business Income Tax Accounting. Intensive analysis of the Internal Revenue Code as it affects the business enterprise; study of the tax law as it relates to the economical, political, and social environment within which it developed; discussion of tax cases to give the student an appreciation for the complexity of the tax law, and special tax problems relating to formation, current operation, and liquidation of corporations, partnerships, estates, and trusts. Tax planning and research methodology are emphasized. Graded: Graded Student. Units: 3.0.

 

ACCY 270. Tax Research and Procedure. Tax reporting and collection procedure; administrative and judicial procedures governing tax controversies; the rights and obligations of the taxpayer. Intensive training in performing and communicating tax research. Includes use of current database programs. Lecture basis, followed by "hands-on" application of research methods. Prerequisite: ACCY 172 or ACCY 269. Graded: Graded Student. Units: 3.0.

 

ACCY 271. Tax Accounting Periods and Methods. Concepts and principles of the overall cash, accrual and hybrid methods of tax accounting. Applications of specific methods such as: inventory costing and capitalization rules, installment sales, long-term contracts, and original issue discount/time value of money will be examined. Lecture format to present the underlying rules and concepts. Case studies will then be analyzed and discussed by the students to examine the topics in a "real-world" context. Prerequisite: ACCY 172 or ACCY 269. Graded: Graded Student. Units: 3.0.

 

ACCY 272. Taxation of Business Enterprises I - Corporations. Discusses federal tax law as it applies to corporations, including the following topics: special deductions, formation, distributions, and complete liquidations. Incorporates problem sets, case analysis, a corporate tax return project, and a research project to enhance analytical and critical thinking skills and compliance experience. Prerequisite: ACCY 172 or ACCY 269. Graded: Graded Student. Units: 3.0.

 

ACCY 273. Taxation of Business Enterprises II - Partnerships. Discusses general concepts, acquisitions and basis of partnerships interests, operations, transfers of partnership interests, and distributions. Incorporates problem sets, a partnership tax return project, and research projects to enhance analytical and critical thinking skills and compliance experience and to develop students' technical proficiency in the application of partnership concepts. Prerequisite: ACCY 172 or ACCY 269. Graded: Graded Student. Units: 3.0.

 

ACCY 274. Estate, Gift and Trust Taxation. Taxation of decedent's estate and lifetime gifts; valuation of property subject to estate and gift taxes; income taxation of estates and trusts; estate planning. Uses a lecture format to present the underlying rules and concepts. Case studies will then be analyzed and discussed by the students to examine the topics in a "real-world" context. Prerequisite: ACCY 169B or ACCY 269. Graded: Graded Student. Units: 3.0.

 

ACCY 275. International Wealth and Asset Management. Importance of global asset protection and wealth management; domestic Statutory and case law authorities of selected European, American and Asian countries as they relate to wealth protection and asset management; bi-lateral international agreements relating to wealth management and asset protection; Multilateral agreement affecting wealth management and asset protection; tax and legal liability minimizing models. Graded: Graded Student. Units: 3.0.

 

ACCY 276. US Taxation of International Transactions. U.S. tax jurisdiction; U.S. source of income rules and related expense allocation; U.S. taxation of foreign taxpayers; transfer pricing issues; U.S. taxation of the foreign income of U.S. citizens and residents; cross border transactions; foreign currency tax issues; and U.S. bilateral tax agreements.  Successful completion of this capstone course will be one of the ways to satisfy the culminating experience fore the MSBA/Taxation program.  Graded: Graded Student. Units: 3.0.

 

ACCY 277. Comparative International Tax Systems. The similarities and differences between current global tax systems including jurisdiction and conflict of laws issues; the role of bilateral international tax treaties and other international tax related agreements in business operations; international tax planning for individuals and multinational enterprise including corporations, partnerships and estates and trusts. Graded: Graded Student. Units: 3.0.

 

ACCY 281. Issues in International Accounting Strategy. Overview of international financial reporting standards (IFRS) and comparison with U.S. Generally Accepted Accounting Principles (GAAP); International accounting issues in the technology sector; informational accounting issues in the manufacturing industries, international accounting issues in business combinations; and intangible asset valuation under U.S. GAAP and IFRS.  Successful completion of this capstone course will be one of the ways to satisfy the culminating experience fore the MS/Accountancy program. Graded: Graded Student. Units: 3.0.

 

ACCY 296. Experimental Offerings in Accountancy. When a sufficient number of qualified students apply, a faculty member may conduct a seminar on a designated advanced topic in accountancy. Graded: Graded Student. Units: 3.0.

 

ACCY 299. Special Problems in Accountancy. Individual projects or directed reading for students qualified to carry on independent work. Admission requires approval of faculty member under whom the individual work is to be conducted in addition to the approval from the Department Chair of Accountancy. Petitions to be obtained from the CBA Graduate Programs Office, Tahoe Hall 1037. Prerequisite: Classified graduate status. Graded: Graded (CR/NC Available). Units: 1.0-3.0.

 

ACCY 500B. Project. Completion of a project approved for the Master's degree. Prerequisite: Advanced to candidacy. Graded: Thesis in Progress. Units: 1.0-3.0.