Chatham University

Accounting (MAcc) Curriculum

The Master of Accounting (MAcc) program is designed to help prepare students to take advantage of the many opportunities available in the field of accounting while providing students with the skills and knowledge necessary for taking the CPA and/or the CMA examinations. Whether a student desires to work in private industry, the not-for-profit sector, or governmental entities, a degree in accounting can lead to a dynamic career with skills that are highly valued in the marketplace. The MAcc is a flexible program designed to fit the student’s career goals and is available to college graduates of all majors. If you have no undergrad accounting experience and are planning to take the CPA exam following completion of the MAcc, you will need to take 2 additional (3CR) accounting courses to equal the new requirements going into effect January 1, 2012. To sit for the CPA exam you will need: 150 credits in total of post-secondary education including at least 36 credits of accounting-related subjects. Most of the courses are offered in concentrated seven week terms.

Degree Requirements

Undergraduate degree, proficiency in written and oral communications, college level math and computer usage, including word processing, spread sheets, databases, and the Internet, are required.

Program Design

The MAcc requires students to take 30 credits from both the Accounting and M.B.A. curricula. The courses taken will depend upon level of previous accounting and business education and the student’s career goals. A minimum of 18 credits are to be in the accounting area; the other 12 credits can be further accounting or M.B.A. course electives depending upon the students educational needs and career interests. The student will receive individual advisory assistance to develop a program of study that will best suit their educational background and career interests.

Program Requirements

+ Degree Requirements

Core Courses: (Choose 12 credits below)

ACT620 Advanced Financial Accounting

An introduction to many advanced financial accounting issues. Topics covered include the application of GAAP rules for consolidation of inter-corporate acquisitions and investments in other entities, multi-national accounting issues involving foreign currency transactions and translation of foreign entity statements, accounting for partnerships, and segment and interim reporting requirements. Pre-requisites: ACT523 or approved equivalent.

3
ACT625 Cost Analysis

Cost Analysis introduces students to the role cost considerations play in management decision making. Topics include the classification and allocation of costs, job order and process costing, standard costs, budgeting and planning, cost-volume-profit analysis, and using costs as performance measurements. Pre-requisites: ACT510 or approved equivalent.

3
ACT630 Advanced Tax Accounting

This couse is designed to introduce students to advanced strategies in taxation. The course's focus is upon how tax research is performend and the basic concepts underlying the strategic tax planning. Tax issues associated with new businesses, business operation, growth, expansion, termination, and liquidations and estate planning are examined. Pre-requisites: ACT524 or approved equivalent.

3
ACT635 Forensic Accounting

This is an introductory course to the field of forensic accounting, or fraud investigation. The focus is upon the impact of fraud on auditing and financial reporting. Topics inculde how organizations can detect, prevent, and invesigate fraud, as well as propert procedures to follow to resolve allegations of fraud. Pre-requisite: ACT531 or approved equivalent.

2
ACT640 Government and Not-for-Profit Accounting

This course's focus is upon the principles of fund accounting and the financial reporting, budgeting and auditing of both public and private not-for-profit organizations. Particular attention is given to accounting procedures for the activities of state and local governments, but the course also considers other not-for-profit entities. Pre-requisites: ACT 523 or approved equivalent.

3
ACT645 Accounting Theory

This course encourages students to take a more conceptual view of accounting, urging them to get beyong the process and to grasp the reasoning behind the accounting procedures. The focus is upon what it means for accounting to be a source of information and providing a framework for evaluating accounting alternatives. Pre-requisistes: ACT523 or approved equivalent.

3
ACT650 Managerial Accounting

This course examines accounting information that is used in managerial decision making within the organization. Focus is on interpretation of financial statements, cost accounting, financial planning and analysis, the developement of internal controls, and constructing budgets. Pre-requisite: ACT510 or approved equivalent.

3

Electives: (Choose 18 credits below, with at least 6 credits in ACT courses)

Any courses not taken from the list above or approved Chatham M.B.A. electives
ACT510 Accounting Fundamentals

An accelerated study of accounting and financial management issues and techniques to provide insight into the financial performance of organizations. The course is a comprehensive study of the preparation, interpretation, analysis, and use of accounting statements and financial information.

3
ACT519 Intermediate Accounting I

A comprehensive study of generally accepted accounting principles as they relate to the measurement and reporting of assets and income. Students examine the nature, composition, valuation, and classification of balance sheet items. Prerequisite(s): ACT 510 or equivalent.

3
ACT523 Intermediate Accounting II

This course continues from Intermediate Accounting I with the application of generally accepted accounting principles to liability and equity accounts including accounting for intangibles, bonds, debts and loans, partnerships, corporations, and analysis of working capital. Prerequisite(s): ACT519 or approved equivalent.

3
ACT524 Federal Tax Accounting

The focus of the course is on developing knowledge of tax law and its applications. The primary emphasis of the course is on the income taxation of individuals, but the course also includes an overview of the federal taxation of other forms of business organizations (e.g. corporations, partnerships). Prerequisites: ACT510 or approved equivalent.

3
ACT531 Auditing

A study of auditing objectives, standards, and procedures employed in the examination of business enterprises and verification of their financial statements. This course includes an evaluation of internal control, preparation of work papers, report writing, professional ethics, and current auditing trends. Prerequisite(s): ACT 523 or approved equivalent.

3
ACT660 Preparing for the CPA Exam

This course will familiarize students with the structure and substance of the CPA exam. Students' current level of preparation for the CPA exam will be tested through use of sample CPA exams. Test results will be used to assist students in developing individualized exam preparation plans.

3
BUS570 Global Business

This course introduces students to the world of international business and management by studying cultural influences, government, and business structures in our global economy. Students also learn about trade relations, international finance and legal and labor agreements. Also covered, are topics on information needs, production systems, marketing and promotion, and career planning.

3
BUS571 Business Communication

This course targets key aspects of business communication: persuasive presentation skills, writing skills and listening skills. Bu the end of this course, tyou will improve your ability to "sell" yourself and your ideas to others, develop a more effective and adaptable communication strategy, enhance their credibility and align their objectives with those of the audience, perfect your ability to grab and retain adudience interest and understanding through how you structure what you say, and improve your nonverbal skills so that both your body language and you vocal traits align with the image you seek to project.

2
BUS572 Global Marketing

2
BUS573 Entrepreneruship/Stategy

This course provides an understanding of the entrepreneurial process and overall concepts concerning strategy development and implementation. It begins with a perspective of the entrepreneur and covers areas such as starting a venture, financing options, managing and growing the business and finally harvesting strategies. The student will integrate concepts in management, finance, law, and marketing, and develop an overall strategic outlook.

2
BUS574 Corporate Finance

This course deepens an understanding of financial analysis tools and concepts. Students will learn how and when to use the financial-analytical tools required to make effective business and policy decision. Functional areas addressed are assessing financial health, planning financial performance, interpretation of data and recommendations, supply-chain management.

3
BUS575 Leading Organizations and Projects

The course cultivates the student’s executive leadership potential for organizational development and transformation, with specific applications to the project management environment. Theoretical perspective and case analyses will explore topics of leading one’s self, motivating project teams, change management, and transforming the organization.

3
BUS576 Organizational Behavior

2
BUS577 Information Technology

This class focuses on the concept, definition and components of IT and Management Information Systems (MIS). Upon completion of the course students will understand the terminology that exists throughout the industry as well as the wide variety of available information systems and how they work together. The course will also cover how those information systems affect us individually and in our work environment, and how choices in information systems can lead to profit or to failure

2
BUS578 Negotiations/Persuasion

The ability to negotiate successfully rests on a combination of analytical and interpersonal skills. This course presents a toolbox of analytical and process frameworks, strategies, and skills that can be used to better analyze negotiations, prepare more systematically and engage more strategically. Rhetoric, persuasion techniques and other interpersonal skills will be covered.

2
BUS579 Creativity/Innovative Thinking

Students will be introduced to various models exploring ecreativity and the work place. Students will work with executives and engage in discussions on the issues of creative thinking, as well as interacting with artists both in class and at the studios to help understand how artistically creative people approach their art and craft. This course work will provide students with a much asked for component of management - the ability to think and utilize creativity in practical ways.

2
BUS580 Business Ethics and Corporate Responsibility

This course provides an intellectual framework in which to consider the ways society and organizations affect an individual's and corporation's ethical decision making. Students apply ethical decision tools to the numerous moral challenges confronting them in their professional careers. The global context of ethical decision making is examined.

2
BUS673 Legal Aspects of Business

This course introduces business law and the legal system in preparation for dealing with legal business issues and attorneys. Topics include civil procedure, torts, strict liability, legal fees and case management, common law contracts, the Uniform Commercial Code, partnerships, corporate law, estates and trusts, secured transactions, third-party rights, property, insurance, securities law, and ethics.

3