Course Catalog: Accounting
Presents certain structured methodologies to improve the professional's effectiveness in the research of relevant accounting issues, the application of research findings to transaction fact patterns, and the evaluation and communication of those results in a concise and logical manner to a reader. Incorporates real-world examples dealing with the more complex issues in accounting today. Assignments will emphasize identifying the pertinent facts, reviewing and assessing alternative answers, and understanding the concepts behind the applicable accounting rules and principles, to arrive at a conclusion that is fully supportable. The course will consist primarily of relevant real-world case studies and the student's preparation of technical research memoranda. Corequisite: ACCTG 305.
Provides an introduction to the concept of accounting standards (US GAAP), and how such standards are used in preparing financial statements. Explains the business activities and related information processing of a typical commercial enterprise, and how that relates to the accounting function and internal accounting controls. Covers the concept of "time value of money" as it is used in various accounting topics.
Provides an introduction to relevant current accounting topics and the underlying accounting standards (FASB Codification). Topics will include revenue recognition, including multiple element arrangements, inventory costing and valuation, contingent liabilities, investments, the fair value concept, and business combinations. Students will gain an enhanced understanding of the practical issues in the appropriate accounting for the transactions that are covered under these topics. Prerequisite: ACCTG 301
Provides insight into current, relevant accounting topics, and the underlying accounting standards (FASB Codification). Topics will include long-term debt, complex debt/equity instruments, stockholders' equity, share-based payments, leasing, income taxes, consolidation (VIEs), income taxes, and partnerships/joint venture accounting. Imparts an understanding of the practical issues in the appropriate accounting for transactions that are covered under these topics. Prerequisite: ACCTG 301.
Focuses on the foundations of ethics, ethical behavior and responding to ethical dilemmas. Topical content will include relevant professional, ethical standards and regulations, as well as research and practice concerning challenging ethical situations. Will also focus on the network of advisers and the professional network available for clarity and support when faced with ethical challenges. The course will include the participation of outside professionals, who will bring their own personal challenges and experiences to the table for class discussion and analysis. Case studies and required reading will include informative real-life scenarios. Prerequisites: ACCTG 310, ACCTG 351B and ACCTG 360
Focuses on sustainability as it relates to the work of accounting and finance professionals. Background information is provided to help students understand what sustainability is, and why it matters in the current business climate. Thereafter, the topics covered are the global reporting initiative (i.e. corporate sustainability reporting), the current landscape for accounting standards and disclosures, emissions trading schemes (cap and trade), and sustainability in the supply chain. Students will then learn how to use standard corporate finance metrics to measure sustainability efforts. We will draw from the two texts required and will also explore current issues related to the material in this class in the form of newspaper articles and video clips. Prerequisite: ACCTG 301 for students in the master of accountancy program or ACCTG 1A for students in the MBA program.
Studies the concepts, methods, and reporting issues in accounting for federal, state and local governments and for other nonprofit entities, including voluntary health and welfare agencies, hospitals, colleges and universities, and religious organizations. In addition, the course will overview some of the issues of management's information requirements and taxation problems and the role that the accountant plays. Prerequisite: ACCTG 301B.
Provides a more in-depth analysis and discussion of highly relevant accounting topics previously introduced in ACCTG 301A and 301B. Topics will be covered in part by examining examples of real-world complex transactions, and will include advanced revenue recognition, sophisticated financial instruments, complex lease accounting issues, advanced issues in consolidation, accounting for errors and changes in estimate, share-based payment pricing models and modifications, segment reporting, and partnership accounting. Imparts an enhanced understanding of the practical issues in determining the appropriate accounting for transactions covered under these topics. Prerequisites: ACCTG 301A and ACCTG 301B.
Provides an understanding of the relevant accounting standards for preparation of financial statements for private companies in accordance with US GAAP, and for public companies under SEC regulations SX. Material will be covered through reviewing and discussing the authoritative reporting guidance, and analyzing real-world prepared financial statements. Covers the reporting requirements for the most common SEC filings required under the 1933 and 1934 Securities Acts, including understanding the various reporting forms (10K, 10Q, S-1). Imparts an enhanced understanding of some of the current reporting issues being faced by companies through reviewing actual SEC comment letters on registrant filings. Prerequisites: ACCTG 301A and ACCTG 301B.
Focuses on the analysis of information incorporated in financial statements, including the impact of alternative accounting procedures and assumptions. Offers ways to adjust for selected reporting differences. Uses case studies of US and international firms as well as discussions of computer databases and computer-based assignments. Course will include a project based on company and industry of your own choosing. Prerequisite: ACCTG 301B, Corequisite: ACCTG 305.
Units: 3 , Offered: Fall 2016
Focuses on the environmental, professional, and technical aspects of internal and external auditing. Ethics, auditor's legal and professional responsibilities, auditor's report, audit evidence, internal controls, and statistical sampling are studied. Students will use the actual audit standards and practices to understand and evaluate audit situations. Prerequisite: ACCTG 301B.
Focuses on auditing to prevent, identify and investigate fraud. Students will engage in an assessment activity focused on practice, realistic projects requiring professional judgment, and effective written and oral communication. Prerequisite: Acctg 310 or consent of dean.
Focuses on understanding the concepts underlying the use of internal controls in financial reporting systems. Course will cover the various types of internal controls, how controls are designed to address financial processes, and how such controls are tested for effectiveness. Students will also become familiar with the PCAOB guidelines for completing audits of Internal Control in compliance with SEC reporting requirements. Prerequisite : ACCTG 310
Provides an overview of performance auditing, (including internal business audits) focusing on audit process and reporting. By the end of the course, students will be able to apply the tools needed to conduct a performance audit in a governmental or business entity. Prerequisite: ACCTG 300.
Examines accounting systems as integral components of management information systems. Coursework will provide students with an understanding of general systems theory, information theory, databases and systems analysis. Students will focus on detailed examination of specific accounting applications. Prerequisites: ACCTG 301B.
Focuses on current trends in managing the accounting function within a for-profit organization and defines the role of top financial officers and the expertise they provide. Topics will demonstrate the accountant's role in the decision-making, implementation, and evaluation processes of the firm. Begins with study of cost management issues in depth, and then moves to advanced topics such as customer profitability, cash-flow estimation focusing on controllable costs, capital budgeting and other investment decisions. Prerequisites: ACCTG 301
Examines the emerging role of the accountant as chief financial information officer and financial adviser to management teams. Focuses on examination of the strategic decision-making process and the need for accounting information. Through lectures, readings, problems and cases students will study topics that include performance measurement for responsibility centers, structuring of investment and profit centers, transfer pricing, control of managed costs, incentive systems, budgeting systems and long range planning. Students will engage in an assessment activity in which the student will confront a challenging managing accounting scenario which will require researching primary and secondary authority, considering ethical implications, and communicating in a manner relevant to management accountants. Prerequisite: ACCTG 320.
Provides a basic foundation in the principles and methods of valuing closely held businesses. Upon completion of this course, the student should be able to prepare a basic valuation of a closely held enterprise, understand the key issues related to stock options and warrants, and critically review valuation reports prepared by others. Corequisite : ACCTG 305.
Focuses on economics, finance and international business as these topics are important to accountants. Topics covered include domestic and international finance markets and institutions, interest rates, bond valuation, cost of capital, capital structure and leverage, working capital management and hybrid financing including leases. Closes with a discussion of international supply-chain management in a high-technology environment. Prerequisite: ACCTG 301. Corequisite: ECON 1 or ECON 2.
Units: 3 , Offered: Spring 2017
Focuses on the legal, regulatory and ethical context of professional accounting practice. This course will consider the law and the legal environment within which certified public accountants practice and the most important areas of the law affecting clients. Topics include the law of administrative agencies; the regulation of professions generally and of accounting specifically; and ethics and professional responsibility, including an introductory survey of the Treasury's Circular 230, the AICPA's Code of Professional Conduct and the IMA's Statement of Ethical Professional Practice. Corporate governance, Sarbanes Oxley and securities law will be emphasized.
Focuses on the management and strategic planning context of financial information and its communication by accountants. This focus will include development of quantitative analysis concepts, technology concepts and communications skills required of a professional accountant. The context topics for consideration include strategic planning, supply chains, production, channels of distribution and target markets, with appropriate exposure to the international dimensions of these areas. The quantitative and technology concepts addressed include optimization, forecasting, sampling and statistical inference. A significant portion of the class will be devoted to developing communication and analytical skills based upon the course's subject matter. Prerequisite: ACCTG 301; Corequisite: ECON 1 or ECON 2.
Focuses on a variety of subjects relevant to the federal income tax law applicable to individuals and C corporations. Subjects covered include gross income, property transactions, capital gains, depreciation, business and itemized deductions, tax credits, and accounting periods and methods. Open only for students in the master of accountancy degree program. Prerequisite: ACCTG 301.
Focuses on more advanced topics applicable to individuals, C and S corporations and partnerships. Income taxation of estates and trusts, estate and gift tax, and the basics of multi-jurisdictional taxation are also covered. Students will engage in an assessment activity which will integrate substantive tax issues, researching primary tax authority, ethical considerations for the tax professional, and forms of communication most relevant to tax practice. Prerequisite: ACCTG 360.
Provides an overview of opportunities in the growing field of forensic accounting. Forensic accountants' roles include aiding in computer discovery, assisting government regulators, or computing damages in the course of litigation. Many of these roles culminate in testifying as an expert in a court of law. The class will be based on real-world case studies. Students should expect to exercise professional judgment and demonstrate effective writing skills.
Comprehensive presentation of common financial challenges and problems found in divorce engagements. Course will cover community property, separate property, management of family law case, tracing, business valuation, and division of property. Prerequisite: ACCTG 372 or consent of the Dean.
Forensic accountants are frequently engaged to prepare analyses supporting or rebutting damages claimed related to personal and business litigation. Based on these analyses, accountants testify as experts. This course will provide the student with an overview of the law related to damages. The student will study various techniques available to determine damages in a variety of litigation situations. The class will be based on real-world case studies. Students should expect to exercise professional judgment and demonstrate effective writing skills. Prerequisite: ACCTG 372 or consent of dean.
Forensic accountants are often engaged to compute damages that a plaintiff has suffered. This course will assist students in understanding the implications of this assignment. It will include learning how to estimate incremental costs, the proper discount rate, the use of hindsight, and losses in new businesses. The class will be based on real-world case studies. Students should expect to exercise professional judgment and demonstrate effective writing skills. Prerequisite: ACCTG 372 or consent of Dean.
Forensic valuations are frequently performed for closely-held businesses or assets for which no clearly established market valuation is available. This course will address the fundamentals of business valuation in litigation using a case study approach. Prerequisite: ACCTG 372 or consent of Dean.
Units: 1 , Offered: Fall 2016
Forensic accountants are often engaged to evaluate and present financial information related to financially trouble businesses. These professional services can be undertaken to assist management or other responsible individuals or organizations as part of the bankruptcy process or other less formal debt restructuring environments. This course will assist students in understanding the implications of these types of assignments including consideration of relevant law, business practices, and the role and responsibilities of the forensic accountant. The class will be based on real-world case studies. Students should expect to exercise professional judgment and demonstrate effective writing skills.Prerequisite :ACCTG 372 or consent of dean
Units: 1 , Offered: Summer 2016
Forensic accountants are often engaged to compute, or refute, damages in construction claims. This course will provide practical guidelines for the calculation and preparation of construction claim damages. It will cover the general method used to calculate damages, such as actual cost, estimated cost, total cost or modified total cost. It will also cover the varying types of damages, such as labor productivity losses, materials costs, home office and jobsite overhead, interest and liquidated damages. The class will be based on real-world case studies and text book readings. Prerequisite: ACCTG 372 or consent of Dean.
Units: 1 , Offered: Summer 2016
Forensic accountants are often engaged to compute lost wages and damages suffered by a plaintiff related to employment litigation. This course will assist students in understanding the implications of this assignment. It will include how to build a basic damage model including determination of information needed and special facts that are unique to a given situation. The class will be based on real-world case studies. Students should expect to exercise professional judgment and demonstrate effective writing skills. Prerequisite : ACCTG 372 or consent of dean
Units: 1 , Offered: Spring 2017
Forensic accountants are called upon to analyze disputes resulting from mergers or acquisitions. These disputes involve misrepresentations about the historical or projected performance of acquired assets or entities, to disputes about interpretations of merger agreements, and issues about control. This course will analyze the role of accountants in conducting analysis and contributing to dispute resolution. Prerequisite: ACCTG 372 or consent of Dean.
Provides students with a more in-depth understanding of the different types of intellectual property and the monetary remedies available to the intellectual property owner in the event of infringement. Discusses the calculation of damages associated with patent, trademark and copyright infringement, as well as the preparation of expert reports. Prerequisite: ACCTG 372 or consent of Dean.
Forensic accountants are often engaged to investigate potential financial statement fraud. One key type of fraud relates directly to the misstatements of financial information provided to investors via an entity's financial statements and footnotes or other public disclosures. This course provides students with an understanding of different types of engagements, how investigative teams work, and investigative methods and techniques used when performing financial statement investigations. Additionally, the course will highlight the many common types of financial reporting manipulations that frequently occur historically and in today's environment which includes an overview of current accounting topics that are often susceptible to manipulations and recurring financial statement fraud. The class will be based on real-world case studies and include professionals from the accounting, legal and regulatory fields. Students should expect to utilize strong analytical and organizational skills, exercise professional judgment and demonstrate effective writing and presentation skills. Prerequisite: ACCTG 372 or consent of dean.
Units: 1 , Offered: Fall 2016
Forensic accountants are often engaged to review, analyze and evaluate complex financial and non-financial information related to investigations and legal proceedings. Give the magnitude and complexity of information for evaluation, efficient and effective analysis is essential. This course focuses on the nature of the challenge and techniques for use in discovery and data management. The class will be based on real-world case studies. Students should expect to exercise professional judgment and demonstrate effective writing skills.Prerequisite: ACCTG 372 or consent of dean
Forensic accountants are called upon to present deposition and trial testimony to assist the jury and/or the trier of fact to understand relevant and reliable expert opinions on both liability and damage related issues. The course will cover the preparation and presentation methods needed to effectively present both direct testimony and cross-examination, and to enable the expert to withstand challenges from opposing counsel. Prerequisite: ACCTG 372 or consent of Dean.
Forensic accountants serve a variety of clients in a variety of roles. This course will explore these different roles whether as a consultant or expert, working for the plaintiff, defense, or a regulator. In addition, this course will address issues confronted by the expert in developing and issuing an expert report. Prerequisite: ACCTG 372 or consent of Dean.
Forensic accountants are engaged to evaluate whether auditors performed an audit in accordance with generally accepted auditing standards. This course will address the issues considered by the experts in developing their opinions. Based on real-world case studies. Students should expect to exercise professional judgment and demonstrate effective writing skills. Prerequisite: ACCTG 372 or consent of Dean.
Units: 1 , Offered: Spring 2017
Addresses significant, topical and practical problems, issues and theories in forensic accounting. Topics are compiled and selected by the dean. This course may be taken more than once, provided the same topic is not repeated. Prerequisites will vary based on topic.
Units: 1 - 3
Addresses significant, topical and practical problems, issues and theories in accounting. Topics are compiled and selected by the department chair. This course may be taken more than once, provided the same topic is not repeated. Prerequisites will vary based on topic.
Units: 1 - 3
A companion course to ACCTG 396LS - Leadership Speaker Series. We will use the speakers at the weekly Leadership Speaker Series as a jumping off point for the leadership theories we will explore. The purpose of this course is to introduce students to theories of leadership which will inform and guide students in their personal lives and professional practice as leaders. The course will examine primary styles of leadership and each week, using independent research, students will have the opportunity to apply these theories through case analysis of the speakers and to enhance personal skill development through reflective-leadership practice.
A weekly lecture series in which featured speakers highlight personal and professional accomplishments that have shaped their leadership philosophies. The series is open to the public and can be taken as a one-unit course--credit/no credit. If taken for credit, attendance at all lectures is mandatory (though one excused absence is allowed). The speaker series can also be combined with ACCTG 396EL for 3 units.
Affords students the opportunity to gain direct accounting practice experience for course credit. The educational value of the internship lies in the student's ability to apply the substantive body of accounting knowledge and skills in a real-world setting under the supervision of an accounting practitioner. To be eligible for internship course credit, students must be in good academic standing, and have satisfied prerequisites and additional requirements determined by the School of Accounting. For more information on student eligibility for ACCTG 398 Internship go to http://www.ggu.edu/programs/accounting/internship/
Provides an opportunity for the advanced student with a specific project in mind to do reading in a focused area and to prepare a substantial paper under the direction of a faculty member. Only one directed study course may be taken for credit toward a masters degree. Prerequisite: Completion of five, advanced graduate Accounting courses, or consent of the instructor and approval of the department chair.
Units: 1 - 6
Introduces financial accounting emphasizing accounting terminology, ethics and the role of accounting information in business decisions. Coursework will provide students with a basic understanding of the accounting process; financial statements; and the content of certain asset, liability and owner's equity accounts. The corporate form of business is discussed in detail. The focus of the course will provide students with an understanding of accounting information in a decision context.
Introduces students to managerial accounting focusing on business decisions using internal accounting information. Introduces and explores relevant costs for decision-making, cost-volume analysis, costing systems, cost behavior, budgeting and performance measurements. Prerequisite: ACCTG 1A.
Examines current pronouncements and practical applications. Students will read, discuss and implement the most current accounting requirements as prescribed in the FASB statements and other current accounting pronouncements. Topics include statement presentation, required disclosures, in-depth study of current assets, the time value of money, inventories and revenue recognition. Prerequisites: Undergraduate and MBA students, ACCTG 1A and MATH 20. Knowledge of spreadsheets is recommended.
Continues intermediate accounting with an emphasis on current pronouncements and practical applications. Students will read, discuss and implement the most current accounting requirements as prescribed in the FASB statements and other current accounting pronouncements, including IFRS. Topics include plant and equipment, intangible assets, current liabilities, long-term debt, stockholders' equity, investments, and introduction to the cash flow statement. Prerequisite: ACCTG 100A.
Continues intermediate accounting with an emphasis on current pronouncements and practical applications. Students will read, discuss and implement the most current accounting requirements as prescribed in the FASB statements and other current accounting pronouncements. Topics include earnings per share, leases, pensions, deferred taxes, accounting changes, statement of cash flows, financial statement analysis, full disclosure and problem solving using computer spreadsheets. Professional writing is emphasized through various assignments. This course is required for students in the BS in accounting and the MBA with a concentration in accounting degree programs. Master of accountancy students must take ACCTG 305. Prerequisite: ACCTG 100B.
Units: 3 , Offered: Summer 2016
Presents advanced accounting topics related to partnerships; simple and complex business combinations; foreign operations including consolidation into US GAAP financial statements; and accounting issues related to the formation, consolidation and liquidation of corporations. Prerequisite: ACCTG 100C.
Focuses on accounting theory, techniques and reporting requirements for local governmental units, colleges and universities, healthcare providers, voluntary health and welfare organizations, and other not-for-profits. Prerequisite: ACCTG 100C.
Surveys the methods and procedures used in determining cost for manufacturing, including cost-volume-profit relationships, costing systems in the manufacturing and merchandising sectors, process and job costing, master and flexible budgeting, variances and responsibility accounting, and allocation of overhead. Prerequisites: ACCTG 1A or ACCTG 201, and MATH 20.
Units: 3 , Offered: Spring 2017
Introduces federal taxation for individuals. Students will study taxable income, gross income exclusions and inclusions, capital gains, depreciation, business and itemized deductions, personal exemptions, passive activity losses, tax credits and methods of accounting. This course is required for students in the BS in accounting and the MBA with a concentration in accounting degree programs. Master of accountancy students must take ACCTG 360. Prerequisite: ACCTG 1A. Students who have passed the Enrolled Agents Exam are not required to take this course; another upper division accounting course must be substituted for those students in the bachelor's degree program. Satisfies part of the educational requirements to sit for the CFP examination.
Units: 3 , Offered: Fall 2016
Examines auditing theory and practice, emphasizing audit standards, reports and professional ethics, sampling, accountants liability and audit programs. Prerequisites: ACCTG 100B and MATH 40.
Units: 3 , Offered: Summer 2016
Presents the theory and methods of accounting research and applying technical literature to selected problems. Should be taken as part of the final twelve units in the degree program. Prerequisites: ACCTG 100C, ENGL 1A and ENGL 1B.
Units: 3 , Offered: Fall 2016
Addresses significant, topical and practical problems, issues and theories in accounting. Topics will be selected by the department chair. This course may be taken more than once, provided the same topic is not repeated. Prerequisite: Consent of the department. Prerequisites will vary based on topic.
Forensic accountants serve in a variety of non-traditional capacities. Their roles include aiding in computer discovery, assisting government regulators, or computing damages in the course of litigation. Many of these roles culminate in testifying as an expert in a court of law. This course will provide the student with an overview of these roles and an opportunity to explore this growing field. The class will be based on real-world case studies. Students should expect to exercise professional judgment and demonstrate effective writing skills.
This course is designed to cover a portion of the topics covered on the national examination required to become a certified public accountant. This course will focus on auditing standards and procedures, and attest engagements. This course also creates awareness and understanding of standard accounting principles as applicable to business enterprises, not-for-profit organizations, and governmental entities. The class will include requirements designed to test understanding of these subjects as required on the CPA examination. This course and Accounting 396Y are designed to provide a review of topics necessary to prepare to take the CPA examination. While this course has no specific prerequisites, it is recommended that the student have completed several financial accounting courses.
This course is designed to cover a portion of the topics covered on the national examination required to become a certified public accountant. This course will focus on ethics, a CPA's professional and legal responsibilities, federal tax law, and business law. This course also creates awareness and understanding of the general business environment and business concepts needed to understand accounting implications of business transactions, and the underlying business reasons for them. The class will include requirements designed to test understanding of these subjects as required on the CPA examination. This course and Accounting 396X are designed to provide a review of topics necessary to prepare to take the CPA examination. While this course has no specific prerequisites, it is recommended that the student have completed a course or courses in business law, federal taxation and auditing.
Offers students the opportunity to receive work experience in an accounting setting. Available only for students without significant prior accounting firm experience. Students will be responsible for their own placement in an internship approved by the department. A written internship proposal is required before consideration for this course. A resume and offer letter are required before being allowed to register. A written report is required upon completion of the internship. Student eligibility: Completion of 6 undergraduate-level upper division accounting courses; GPA of 3.0 or better in accounting courses; cumulative GPA of 2.8 or better; no professional work experience in the area(s) upon which the internship work will focus. Prerequisite: Consent of the department.
Provides individual study of selected topics under supervision of a faculty member. Students are limited to one directed study course per trimester. Prerequisites: Consent of the department.
Units: 1 - 3