GRADUATE ACCOUNTING AND TAXATION

GAT601 - Accounting (3)

Topics include the basic structure and the fundamental concepts and principles of accounting, the nature and classification of accounts, establishment of the accounting cycle, the preparation of financial statements, coverage of merchandising accounts, current assets and liabilities, plant units, investments, long-term debt, and stockholders equity. Emphasis is on the corporate form of business organization. PREREQUISITE(S): None

GAT602 - Intermediate Accounting I (3)

This course includes a more comprehensive study of the principles and practices of accounting, a review of the accounting process, and a study of the design and content of financial statements. Detailed coverage is given to the areas of cash, receivables, and inventories. PREREQUISITE(S): GAT601

GAT603 - Intermediate Accounting II (3)

This course covers detailed accounting principles and practices in the areas of investments in stocks and bonds, plant assets, intangible assets, current and long-term liabilities, and stockholders equity. Other areas covered in detail include financial statement analysis and the statement of cash flows. PREREQUISITE(S): GAT601, GAT602

GAT610 - Economics (3)

Topics include essentials of microeconomics and macroeconomics as an explanation of how contemporary free enterprise systems function. Students will also learn about the development of an understanding of major concepts, and their analysis and relevance to the real world of economic activity. PREREQUISITE(S): None

GAT613 - Auditing (3)

This course examines the fundamental theory, primary objectives, and working procedures of auditing. This course is designed to familiarize the student with the ethics and duties of the independent certified public accountant. The major course focus centers around the examination of financial statements, their supporting accounts and financial records, and the rendering of the audit report. PREREQUISITE(S): GAT601

GAT614 - Cost Accounting (3)

This course covers the study of accounting as it serves the needs of management, principally in planning, controlling, decision making, and determining product cost for pricing, inventory valuation and income determination. Course emphasis is on the use of this information by those seeking careers in management accounting. Topics covered include cost terms, concepts and classifications; job-order costing; process costing; cost behavior analysis and use; cost-volume-profit relationships; profit planning with the master budget; standard costs; flexible budgets and overhead analysis; measuring managerial performance; pricing and services; and relevant costs for decision making. PREREQUISITE(S): GAT601

GAT615 - Finance (3)

This course is a survey of financial decision making within a business enterprise. Topics include examination of decision making on investments in fixed and current assets, and raising funds from suppliers of short and long-term funds. Students will examine quantitative and qualitative methods of planning and controlling investments in cash, marketable securities, receivables and inventories; bank relations and lending policies; sources of cash requirements; time-adjusted techniques of evaluating capital expenditure, cost of capital, leverage, and capital structure decision making. PREREQUISITE(S): None

GAT620 - Management (3)

This course offers study and practice in the principles, skills, and tools of management, including planning, organizing, directing, coordinating, and controlling activities of the administrative unit. The human and technical sides of work are fitted together in developing an understanding of the managers job of selecting, training, leading, motivating, evaluating, delegating, and introducing change. PREREQUISITE(S): None

GAT625 - Marketing (3)

This course is an analytical approach to the study of marketing, focusing on the total environment in which marketing decisions are made. Emphasis is on the managerial approach to product, price, promotion, and distribution decisions and the planning, research, and organizational aspects of marketing decision making. Buyer behavior is studied and considerable emphasis is placed upon demand analysis as a tool for marketing decisions. Examination of consumer and industrial products and services, profit, nonprofit, public, and private organizations and the social and legal implications of marketing policies are also investigated. PREREQUISITE(S): None

GAT630 - Statistics (3)

Topics include: descriptive statistics theory and application of univariate frequency distributions; measures of central tendency, dispersion, skewness and kurtosis; probability theory and theoretical probability; density functions; sampling theory; sampling distributions; confidence interval estimates; tests of statistical significance and hypothesis testing, as related to statistical estimation and decision making; decision rules and their power curves; acceptance sampling; and quality control. PREREQUISITE(S): None

GAT707 - Advanced Accounting I - Consol., Inter. & Partn. (3)

This course is a study of advanced accounting principles and practices. Topics include mergers and acquisitions, partnerships, international accounting and foreign currency transactions, and other topics of an advanced nature. PREREQUISITE(S): GAT601, GAT602 and GAT603

GAT708 - Advanced Accounting II-Governmental and Not-for-Profit (3)

This course further studies advanced accounting principles and practices as they relate to nonprofit entities, including municipal governments, hospitals, universities, and voluntary health and welfare organizations. Current topics in accounting are also discussed. PREREQUISITE(S): GAT601, GAT602, GAT603 and GAT707

GAT710 - Managerial Accounting (3)

This course studies accounting as it pertains to the needs of management; principally planning, controlling and decision making. Topics covered include: financial statement analysis; funds flow; cost terms, concepts, classifications, and behavior patterns; cost-volume-profit relationships; job order, process and standard costing; flexible budgets, profit planning, non-routine decision-making; pricing; and capital budgeting. PREREQUISITE(S): GAT601

GAT720 - Tax I (3)

This course examines the Federal Income Tax Law and Regulations as they relate to individuals. Topics covered include calculation of gross income, business and personal deductions, tax computations and tax credits. Practical problems and preparation of returns are also discussed. PREREQUISITE(S): GAT601

GAT721 - Tax II (3)

This course continues the study of the Federal Income Tax Law and Regulations. Topics covered include basis and determination of gain or loss, capital gains and losses, regular and S corporations, partnerships and research methods in taxation. PREREQUISITE(S): GAT720

GAT725 - Contemporary Issues in Business Law (3)

Topics covered in this course include development and function of common law; policy considerations; judicial procedure; survey of criminal law, torts, and contracts; Uniform Commercial Code as it relates to sales, commercial paper, and secured transactions; survey of agency; the formation, management, and financing of partnerships, corporations, and other business entities. PREREQUISITE(S): None

GAT810 - Advanced Issues in Partnership and Corporate Taxation (3)

This course examines the various forms of business entity and the tax implications of each. Covered forms of business include C Corporations, S Corporations, Partnerships and Limited Liability Companies. The course also covers the formation, operation and liquidation of each, with particular emphasis on comparing and contrasting the strengths and weaknesses of each. PREREQUISITE(S): GAT601, GAT720 and GAT721

GAT815 - Business Valuation (3)

This course is designed to give the student a comprehensive understanding of business valuation processes through top to bottom analysis of firm characteristics using various valuation techniques. These include the income, asset, and market approach. The course will also cover capital budgeting techniques as they apply to the valuation process. These include weighted average cost of capital, the capital asset pricing model, and the build up method. The course will use case studies and current examples of valuations to illustrate current trends in this field. PREREQUISITE(S): None

GAT820 - Managerial Tax Planning (3)

This course brings out the interrelationships between business operations and tax liability. Emphasis will be placed on an understanding and appreciation of tax factors in everyday decision making, tax planning, and possibilities of legitimate tax avoidance. Topics also include: definition of a corporation for tax purposes; tax problems incident to the formation of a corporation; survey of tax problems; and planning in the areas of nonliquidating distributions, redemptions, liquidations, accumulated earnings, compensation and fringe benefits, and gratuitous transfers of property. PREREQUISITE(S): GAT601, GAT614 or GAT710

GAT830 - Employee Benefits and Retirement (3)

This course is an introduction to the tax treatment of deferred compensation arrangements covering the formation and operating requirements of pension, profit sharing and stock option plans. Qualified plans, including Defined Benefit and Defined Contribution, are covered as well as 401(K), SIMPLE, and Simplified Employee Plans, as are non-qualified deferred compensation arrangements. Individual Retirement Accounts, both Roth and regular, are also discussed. PREREQUISITE(S): GAT601, GAT720 and GAT721

GAT850 - Computer Security and Audit (3)

Types of controls are identified and their effectiveness is evaluated. Emphasis is on the prevention and detection of both intentional and unintentional computer abuse. Existing and proposed legislation in this area will be discussed. PREREQUISITE(S): GAT613

GAT860 - Estate and Gift Taxation (3)

This course is a study of the federal system of estate and gift taxation. Topics include calculation of the gross estate, utilization of the unified credit, wealth transfer planning, income taxation of estates and trusts, and the responsibilities of executors, administrators, and trustees. PREREQUISITE(S): GAT601, GAT720 and GAT721

GAT870 - Accounting for Non-Profit Organizations (3)

Not-for-profit activities are a significant portion of the economy of the United States. This course discusses the accounting of the activities for federal, state and local government units, as well as colleges and universities, hospitals, and voluntary health and welfare organizations. The list of nonprofit organizations also includes social clubs, philanthropic foundations, civil and religious groups, and professional organizations. PREREQUISITES: GAT601

GAT875 - Controllership (3)

This course is a study of the function and approach to the problems of collecting, analyzing and presenting information to be used by corporate executives in making decisions governing company plans and policies. It shows how the controller can supply a reliable fact basis for the planning, direction, coordination, and control of the company organizations. PREREQUISITE(S): GAT601, GAT614 or GAT710

GAT878 - International Taxation and Accounting (3)

This course enables the student to understand current accounting and reporting systems of various countries. The international dimensions of accounting for multinational organizations and attempts to harmonize diverse accounting and reporting systems will be discussed. PREREQUISITE(S): GAT601, GAT720 and GAT721

GAT890 - Seminar in Contemporary Accounting Issues (3)

This course familiarizes the student with the resources available to the professional in the areas of financial reporting and taxation. The hierarchy of the sources of generally accepted accounting principles is discussed in the financial reporting area, while the Internal Revenue Code, regulations, rulings, and court cases are covered in the taxation area. The primary focus of the course is the completion of a major research project to serve as a capstone to the students study in the Master of Science in Accounting and Taxation program. PREREQUISITE(S): GAT708, GAT720 and GAT721