Accounting (MAcc) Curriculum
The Master of Accounting (MAcc) program at Chatham University is superb preparation for the CPA and/or the CMA examinations. A core set of courses (24 credits required) ensures that students can get quickly up to speed with everything needed to forward their accounting careers, while a wide range of electives (6 credits required) lets students tailor their programs of study to their specific areas of interest in the field.
All MAcc courses hold class sessions on Shadyside Campus eight times over alternating weeks during the 15-week Fall and Spring semesters, along with 8 times weekly (with 2-3 breaks) in the Summer. Each non-session week will have required coursework equal to the credit hour requirement for the course, providing the rigor students expect in a more flexible, convenient manner.
+ Core Courses (24 cr)
ACT573 Business Law and Ethics
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. This course will serve as a general introduction to professional ethics in the accounting and business environments. We will discuss the fundamental ethical issues of business and society, the roles and responsibilities of the accounting and auditing profession, ethical behavior by management, and legal and professional guidelines that address the conduct will be considered within this course. This course is intended to provide the foundations upon which accountants employ ethical reasoning in their professional judgments. 3 credits
3 ACT545 Accounting Theory
This course encourages students to take a more conceptual view of accounting, urging them to get beyond 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-requisite: ACT222; 3 credits
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-requisite: ACT222; 3 credits
3 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-requisite: ACT323; 3 credits
3 ACT630 Advanced Tax Accounting
This course is designed to introduce students to advanced strategies in taxation. The course's focus is upon how tax research is performed 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-requisite: ACT324; 3 credits
3 ACT580 Accounting Information Systems
This course examines critical business processes, systems controls, and IT audits through theories of Accounting Information Systems (AIS) and hands-on practice with auditing tools and enterprise systems. Case analyses and project assignments are designed to nurture professional competence in communicating objectives and procedures of internal control through proper systems documentation techniques, systems analysis and design methodologies, and assessment of information processing . The objective is to prepare the student to be effective AIS users, evaluators, designers, and auditors. Pre-requisite: ACT222; 3 credits
3 ACT699 Forensic Accounting
The coursework focuses on preventing, detecting, and investigating common types of internal and external fraud schemes. Case studies and hands-on analysis projects are designed to cultivate advanced understanding of sources of evidence, and methods of analysis of financial crime allegations. This course provides the culminating experience of Chatham University's MAcc program where student teams solve complex accounting problems by integrating and applying financial accounting and auditing skills acquired throughout the MAcc program. Therefore, this course should be one of the last courses taken in the MAcc Program. Pre-requisite: ACT410/510, ACT620, ACT573, ACT630; 3 credits
3 ACT540 Government and Non-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-requisite: ACT222; 3 credits
+ Electives (6 cr)
Main topics include the nature and purpose of auditing, auditing standards, professional conduct, auditor legal liability, and approaches in auditing financial statements. Emphasizes a risk-based approach to selecting appropriate auditing techniques. Examines the auditor's decision process relating to internal control assessment, audit sampling, and obtaining audit evidence about financial accounts. Also examines the extent of the auditor's responsibility to uncover fraud. Pre-requisite: ACT323; 3 credits; cross-listed as ACT410
3 BUS570 Global Business
This course examines key topics in conducting business in a global setting, including global business management, global marketing, supply chain management, and trade finance. We begin with an overview of forces that determine the globalization of a firm and industry. This analysis leads us to further examination of nation-specific, region-specific, industry-specific, and firm-specific factors that are critical to the success of global business.
3 BUS576 Sustainable Human Capital
This course cultivates theoretical examinations of human behavior in organizations, and ethical and practical skills for managing human capital. Organizational behavior is explored at the individual, group, and organizational levels of analysis focusing on topics of motivation, communication, group dynamics, decision making, culture, power, and politics. Students will also explore the effectiveness of tools for talent acquisition and development, such as compensation, feedback, and assessment.
3 BUS623 Strategic Performance for Women Executives
This course will cover issues specific to women business leaders such as conflict management, negotiation and persuasion, mentoring structures, crisis communication, and organizational change. Other topics will include implicit and explicit attitude toward female authority in the workplace; implicit social cognition; attitudes, self-esteem, and stereotypes, etc.
3 BUS641 Sustainable Supply Chain Management
Understanding issues of supply chain management is essential to sustainability, both social and environmental. This course will provide students with an understanding of how supply chain works, how and where along the supply chain sustainability questions should be addressed/considered, and the impacts of those decisions on stakeholders further down the chain. Topics can include: packaging, transportation, energy use, and waste.
3 BUS672 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 BUS540 Leadership for Change in Healthcare Organizations
This course focuses on the needs of health care leaders to take health care delivery into the future through creative, innovative design initiatives focusing on a consumer-driven health care delivery system. Content includes: variables impacting health care delivery systems; reimbursement and funding for design change; managing competition; creating the health care delivery system of the future; and managing human and financial resources in years to come.
+ College-Level Prerequisite Courses (12 cr)
For students who do not have an undergraduate accounting or business background ACT222 Financial Accounting Principles I
This course represents an introduction to accounting principles; including the accounting process, double-entry bookkeeping, adjusting entries, and the preparation of financial statements. The objectives of this course are to make students aware of the importance of accounting information in every type of organization (private business, not-for-profit, and governmental).
3 ACT322 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 222 and 223
3 ACT323 Intermediate Accounting II
The second semester continues the application of generally accepted accounting principles related to intangibles, bonds, debt and loans, partnerships, corporations, and analysis of working capital. Prerequisite(s): ACT 322
3 ACT324 Federal Tax Accounting
This course is designed as the first course in federal taxation for the undergraduate student. 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 organization (e.g., corporations, partnerships). The focus of the course is on developing knowledge of tax law and its application. Prerequisite(s): ACT 222