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Accounting Department Electives. “Never invest in a business you cannot understand.” Warren Buffett. Overview of Accounting Courses. Core (all MBAs must know) Financial accounting (A502) Managerial accounting (A552)
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Accounting Department Electives “Never invest in a business you cannot understand.” Warren Buffett
Overview of Accounting Courses • Core (all MBAs must know) • Financial accounting (A502) • Managerial accounting (A552) • They provide a basis for understanding a business, but only introduce the issues and concepts • Electives (to really understand accounting) • Financial accounting electives • Managerial accounting electives • Specialty courses Accounting MBA Electives
Financial Accounting Accounting Electives for MBAs
A564 – Corporate Financial Reporting • Fundamentals of corporate accounting statements • Revenue, expenses, income • Assets (investments, inventory, PP&E) • Liabilities (payables, debt, pensions, leases) • Equity (common stock, treasury stock, retained earnings) • Terms: Fall A, Fall B, Winter A • Prerequisite: A502 Accounting MBA Electives
A711/A713 – Financial Statement Analysis • Using financial statements to understand the business • Ratio analysis • Understanding differences among firms and industries • Forecasting financial statements • Accounting-based valuation models using financial information • Terms: Fall A/Fall B, Winter A/Winter B • Prerequisite (Co-requisite) : A564 Accounting MBA Electives
A625 – Advanced Financial Accounting • Accounting for business combinations • Asset acquisitions • Stock acquisitions • Divestitures • Tax implications of combinations • Terms: Winter A • Prerequisite: A564 Accounting MBA Electives
Management Accounting Accounting MBA Electives
A640 – Advanced Management Accounting • Management control systems • Performance evaluation • Organizational design • Transfer pricing • Corporate cost allocation • Terms: Winter B (1.5 credits) • Prerequisite: A552 Accounting MBA Electives
A650 – Cost Management Systems • Cost management systems • Strategic cost management • Capacity costing • Costing in health care • Product and service costing • Terms: Winter A (1.5 credits) • Prerequisite: A552 Accounting MBA Electives
Additional Specialty Courses • Federal taxation • A560: Taxes and managerial decisions • Fall (3 credits) • Prerequisite: A502 • A561/A620: Federal taxation I and II (The tax code) • Fall/Winter (3 credits each) • Prerequisite : A502 • Financial instruments • A565 • Fall B • Prerequisite: A564 Accounting MBA Electives
Let me sign you up to be a CPA • Auditing and assurance • A630 • Fall B/Winter A (3 credits total) • Prerequisite: A564 • Accounting systems • A601 (cross-listed with BIT 601) • Fall A (1.5 credits) Accounting MBA Electives