2007-09 - Graduate School - The University of Alabama

Graduate Catalog: Section 7.6.1http://graduate.ua.edu/catalog/18600.htmlTHE UNIVERSITY OF ALABAMA GRADUATE CATALOGTable of Contents > Manderson Graduate School of Business7.6.1 CULVERHOUSE SCHOOL OF ACCOUNTANCY (AC)Director: Professor Mary S. Stone, Office: 314 Alston HallThe courses below are offered by the Manderson Graduate School of Business. Courses offered by other divisions ofthe University that business students are either required to take or permitted to elect are listed under the appropriatedepartment in this catalog or in the undergraduate catalog. Prerequisites for any course may be waived if the studenthas equivalent knowledge or if the student passes an examination on the required prerequisites.AC 432 Introduction to Governance, Risk Assessment, and Assurance. Three hours.Prerequisites: AC 311 with a grade of "C-" or higher.A risk-oriented study of standards, concepts, procedures, and professional ethics underlying corporate governanceand the practice of external and internal auditing and assurance services. The course will focus on mechanisms andactivities that enhance the reliability of information for decision making.AC 456 Governmental and Nonprofit Accounting. Three hours.Prerequisite: AC 310 with a grade of "C-" or better.Special features of budgetary and fund accounting as applied to municipalities, other government units, andinstitutions such as schools and hospitals.AC 471 Taxation of Business Transactions and Organizations. Three hours.Prerequisites: AC 371 with a grade of "C-" or higher.Examination of the tax implications of business formations, transactions between the entity and the owners,reorganizations, and liquidations. The course develops tax research skills.AC 500 Professional Judgment and Decision Making. Three hours.The course is designed to improve decision-making skills using a structured decision model incorporating critical,creative, evaluative, logical, and reflective judgment processes. Cases represent professional problems in audit, tax,and management, including ethical conflicts and technical decisions.AC 501 Basic Accounting for Managerial and Financial Control. Three hours.Prerequisite: Admission to the EMBA program.Study of the fundamentals of financial accounting. Attention is given to the interpretation and uses of informationcontained in financial statements.AC 502 Accounting for Management Decisions. Three hours.Prerequisites: AC 501 and admission to the EMBA program.Study of the fundamentals of managerial accounting. Attention is given to the use of accounting by businessmanagers.AC 506 Concepts of Financial and Managerial Accounting. Three hours.Prerequisite: Admission to the M.B.A. program.Basic accounting concepts and procedures with an emphasis on the use of accounting information by businessmanagers.AC 510 Principles of Systems Development. Three hours.Prerequisites: AC 389 and admission into the M.Acc. program.Systems analysis and design methods across the development cycle: planning, analysis, design, creation,implementation, operation and maintenance. Particular attention is given to roles of accountant/auditor.AC 512 Advanced Financial Reporting and Analysis. Three hours.Prerequisite: AC 311 or equivalent.Advanced topics in financial accounting and reporting considered from a practical and theoretical perspective.AC 516 Risk Analysis and Control. Three hours.Prerequisite: AC 506 or equivalent.Identification of the risk profile of a business, including operational, financial, technological, and behavioral risks.Development and implementation of risk management policies and procedures used to detect and prevent businessrisk problems.AC 522 Contemporary Accounting Issues. Three hours. May be repeated for up to six hours credit.Prerequisite: Permission of the instructor.Examination of topics of current relevance to accounting theory and practice.