MSAT classes are offered though a combination of day and evening times. Classes are kept small so students can take an active role in their learning experience. The MSAT degree requires a minimum of 30 hours.
Master of Science in Accountancy, Taxation The MSAT degree requires a minimum of 30 hours Course Number and Title Credits
Taxation Courses 15-30
ACCT 517 Environmental Accounting and Taxation (3 cr)
ACCT 520 Tax Research (3 cr)
ACCT 525 Partnership Tax Law (3 cr)
ACCT 530 Corporate Tax Law I (3 cr)
ACCT 533 Corporate Tax Law II (3 cr)
ACCT 535 Estate and Gift Taxation (3 cr)
ACCT 540 Taxation of Non-Profit Organizations (3 cr)
ACCT 545 Real Estate Tax Law (3 cr)
ACCT 560 Income Taxation of Trusts and Estates (3 cr)
ACCT 565 Deferred Compensation Taxation (3 cr)
ACCT 570 Multi-State Taxation (3 cr)
ACCT 575 International Taxation (3 cr)
ACCT 579 Personal Financial Planning (3 cr)
ACCT 590 Practicum/Internship (3 cr)
Accountancy Electives 0-15
ACCT 505 Advanced Auditing (3 cr)
ACCT 510 Advanced Financial Reporting (3 cr)
ACCT 512 Financial Reporting Theory (3 cr)
ACCT 514 Advanced Managerial Accounting (3 cr)
ACCT 516 Financial Analysis and Valuation (3 cr)
ACCT 518 International Financial Reporting (3 cr)
Subtotal Taxation and Accountancy Classes 21-30
Non-Accountancy Electives- chosen from non-accountancy graduate courses 0-9
Non-Accountancy Electives must be approved by the student’s graduate advisor.
For students in the concurrent JD/MSAT program, 9 credits of law can be used toward the 9 credits of non-accountancy electives and 3 transfer credits will replace another taxation course.
Non-Accountancy Electives must be approved by the graduate programs coordinator. Business Essentials courses in the MBA program are not available for credit towards the MSA degree requirements, nor are courses that are essentially courses in accountancy (such as MBA512, MBA 514, MBA 522, MBA527 and MBA 532).
Additional work will be required to receive graduate credit for undergraduate G courses.
ACCT 505 Advanced Auditing (3-0-3)(F/S) In-depth study of auditing from an external auditor’s perspective. Topics include substantive testing, evidence, planning, reporting, documentation, and case studies. The course includes a major project in external auditing.
ACCT 510 Advanced Financial Reporting (3-0-3)(F/S) Topics include financial reporting for segment and interim reporting, international financial reporting including foreign currency transactions and translation, partnerships, estates and trusts, insolvency and SEC reporting. PREREQ: ACCT 308.
ACCT 512 Financial Reporting Theory (3-0-3) Study of measurement theory and its implications for asset valuation and income determination. Emphasizes development of analytical and written communication skills.
ACCT 514 Advanced Managerial Accounting (3-0-3)(F/S) Advanced applications of managerial accounting information for strategic management decisions. Coverage includes specialized tools for planning, operating and control decisions such as strategic cost management, strategic performance measurement and incentive systems, and activity- and resourcebased costing. Emphasis is placed on the understanding and use of state of the art managerial accounting techniques. PREREQ: ACCT 314 or MBA 532 and SCM 345 or MBA 527 or PERM/INST.
ACCT 516 Financial Analysis and Valuation (3-0-3)(F/S) Study of the theory and practice of financial statement analysis and business valuation. Methods of fundamental analysis and business valuation are examined and applied in problems, cases and projects.
ACCT 517 Environmental Accounting and Taxation (3-0-3) A theoretical and practical examination of the impact of environmental considerations in financial, managerial, and tax reporting. The interdisciplinary nature of environmental study, especially environmental science and environmental law, will be the starting point for developing information. The course emphasizes oral and written communication of accounting information for decision-making.
ACCT 518 International Financial Reporting (3-0-3) Contemporary accounting practices of the major national economies. Includes directives of the European Community affecting financial reporting and pronouncements and activities of the International Accounting Standards Board.
ACCT 520 Tax Research (3-0-3)(F/S) Instruction in all aspects of tax research including legislative, administrative and judicial sources; major tax services, internet-based tax research libraries; writing and negotiation skills.
ACCT 525 Partnership Tax Law (3-0-3) Tax meaning of partnership, formation transactions between partner and partnership; determination and treatment of partnership income; sales and exchanges of partnership interest; distributions; retirement; death of a partner; drafting the partnership agreement.
ACCT 530 Corporate Tax Law I (3-0-3) Tax considerations in corporate formation, distributions, redemptions, and liquidations. The accumulated earnings tax, personal holding company tax, and S corporations are included.
ACCT 533 Corporate Tax Law II (3-0-3) Advanced topics in corporate taxation including reorganizations, taxation of affiliated groups, and professional service corporations.
ACCT 535 Estate and Gift Taxation (3-0-3) Federal estate and gift taxes, including estate planning. ACCT 540 TAXATION OF NONPROFIT ORGANIZATIONS (3-0-3)(SU). Overview of tax issues affecting nonprofits. Topics include: qualifying for and maintaining federal tax-exempt status, the unrelated business income tax, private foundations, and charitable deductions.
ACCT 540 Taxation of Nonprofit Organizations (3-0-3)(Su) Overview of tax issues affecting nonprofits. Topics include: qualifying for and maintaining federal tax-exempt status, the unrelated business income tax, private foundations, and charitable deductions.
ACCT 545 Real Estate Tax Law (3-0-3) Basis considerations, depreciation, and problems incident to the sale, exchange, and other disposition of property, including recognition and characterization concepts.
ACCT 550 Internal and Information Systems Audit (3-0-3)(S) Upon completion of the course, the student should have an understanding of the role of the internal and information systems audit functions, the standards by which audits are conducted, the general risks faced by any entity and its information system, the purpose of controls, the procedures and skills needed to perform audits, and be familiar with current issues facing audit professionals. Students will assume leadership roles with respect to group and team assignments. Students can only take ACCT 450 OR ACCT 550, not both. PREREQ: ACCT 350.
ACCT 560 Income Taxation of Trusts and Estates (3-0-3) Taxation of income of trusts and estates, with emphasis of income required to be distributed currently, equivocal distributions of income corpus, and accumulation distributions; other fiduciary tax problems, including the treatment of income in respect of decedents.
ACCT 565 Deferred Compensation Taxation (3-0-3) Study begins with the ERISA rules and includes changes and updates for deferred compensation to the current date.
ACCT 570 Multi-State Taxation (3-0-3)(F/S) State income tax issues and sales and use tax issues with a special focus on issues faced by multistate taxpayers.
ACCT 575 International Taxation (3-0-3) Multinational tax law for domestic corporations with operations abroad and nonresident citizens.
ACCT 579 Personal Financial Planning (3-0-3)(F) The course focuses on the tools to help individuals reach their personal financial goals. There will be five main areas of emphasis: investments, insurance coverage/ asset protection, income tax planning, retirement planning and estate planning. The areas will be covered in the personal finance framework.
ACCT 590 Practicum/Internship (3-0-3)
ACCT597 Special Topics —IFRS vs GAAP (Spring ’10) Overview of International Financial Reporting Standards (IFRS) with an emphasis on the differences between IFRS and U.S. GAAP. As the U.S. moves toward adopting IFRS, this course provides a unique opportunity to learn material that is quickly becoming “must have” knowledge for CPAs. The larger accounting firms have announced they expect their new hires to have a basic knowledge of IFRS, illustrating the importance of this material.