Introduction to the concepts, assumptions, and methods underlying managerial accounting, with an emphasis on using accounting information to plan and control a company's operations. Topics include information relevant for decision-making, cost behavior, activity-based costing, pricing, cost-volume-profit analysis, operating budgets and variance analysis, capital budgeting, and performance evaluation.
Methods and techniques commonly used to analyze financial statements of US and multinational companies: business strategy analysis, transaction analysis, assessment of earnings quality, financial ratio and cash flow analysis, credit analysis and bankruptcy prediction, forecasting accounting numbers and pro forma statements, and valuation using discounted cash flows, residual income, and market multiples.
Financial reporting and analysis of government and nonprofit organizations. Government topics include fund accounting, general and special-purpose funds, and government-wide financial statements for both Federal and state/local organizations. Nonprofit topics include tax exempt status, Form 990, unrelated business income, private foundations, contributed vs. earned income, functional expenses, endowments, split-interest agreements, and mergers and acquisitions. Special focus will be given to NGOs operating in the healthcare and higher ed sectors.
Financial reporting and analysis of complex business combinations and multinational operations. Topics include mergers and acquisitions, joint ventures and partnerships, noncontrolling interests, variable interest entities, consolidated financial statements, pushdown accounting, foreign currency transactions, financial derivatives, foreign subsidiaries, and business and geographic segments.
First of two courses examining the foundations of financial accounting and reporting. Accounting issues are considered from the point of view of the preparer, auditor, and user of financial statements. Topics include a review of the accounting cycle, and US and international financial reporting standards for the presentation of financial statements and the reporting of cash, receivables, inventories, and long-lived tangible and intangible assets.
Second of two courses examining the foundations of financial accounting and reporting. Accounting issues are considered from the point of view of the preparer, auditor, and user of financial statements. Topics include US and international financial reporting standards for operating and contingent liabilities, debt, leases, shareholders' equity, dilutive securities, marketable securities, investments in affiliates, income taxes, retirement plans, accounting changes and errors, and the statement of cash flows.
Introduction to the US federal income tax system, with an emphasis on the taxation of individuals. Topics include tax status, dependents, gross income, self-employment income, investment income, itemized deductions, alternative minimum tax, tax credits, penalties, planning to minimize taxes.
Federal taxation of business enterprises and entities other than individuals. Topics include the taxation of the organization, operation, and dissolution of corporations, S corporations, partnerships, and limited liability companies; international and interstate operations; nonprofit organizations; estates; and gifts.
Introduction to the concepts, principles, and procedures underlying assurance and financial statement auditing, with an emphasis on the revenue cycle. Topics include the auditing environment, audit planning, materiality, risk assessment, evidence and documentations, internal controls, audit sampling, auditing the revenue cycle, audit reports, professional conduct, and legal liability.
Accounting issues unique to global corporations and business activities. Topics include foreign currency transactions, translation of financial statements, tax planning, transfer pricing, auditing, managerial planning and control, financial statement analysis, adoption and implementation of international financial reporting and auditing standards, and effects of cultural differences on global accounting.
2020-2030 Expected Growth