2013-2014 Graduate Catalog Downloadable PDF (10.71MB)

318 Course Descriptions/AccountingCourse DescriptionsAll graduate courses offered in the University are described on the following pages and are listedby subject, arranged alphabetically. Some of the new courses and changes in courses are included inthis catalog pending their approval by the Texas Higher Education Coordinating Board. Figures inparentheses following the number of the courses indicate the clock hours per week devoted to theoryand practice, respectively. Theory includes recitations and lectures; practice includes work done in thelaboratory, shop, drawing room or field. The unit of credit is the semester hour, which involves onehour of theory, or from two to four hours of practice per week for one semester of 15 weeks. Any coursemay be withdrawn from the session offerings in case the number of registrations is too small to justifyoffering the course.Department of Accountingmays.tamu.edu/acctHead: J. Benjamin; PhD Advisor: M. Kinney; MS Advisor: A. McGowanThe Department of Accounting offers graduate studies leading to the MS and PhD degrees, andcoursework supporting the Mays Business School’s MBA degree. The MS degree provides the necessarycoursework for students who wish to enter public accounting, private industry or government service.The department also offers an integrated Professional Program that students enter in the junior year ofthe BBA program. Graduates receive a Bachelor of Business Administration degree and an MS degree.The PhD program is designed to prepare students for careers in teaching and research. Additionalinformation, including specific departmental requirements, may be obtained by contacting the master’sstudent advisor or the doctoral student advisor in the Department of Accounting.Accounting(ACCT)603. Energy Accounting. (3-0). Credit 3. Overview of the oil and gas industry and specialized financialaccounting procedures associated with the industry; emphasis on accounting for exploration, development,production, depletion and amortization as well as joint operations, asset impairment and retirementobligation; includes reserve accounting/disclosure related to the above topics. Prerequisites:ACCT 327 with C or better.607. Seminar in Auditing. (3-0). Credit 3. Current issues and research in auditing, attestation and financialdisclosures. Classification 6 students may not enroll in this course. Prerequisite: ACCT 407 orequivalent.610. Financial Accounting. Credit 1 to 3. Develops a conceptual framework for understanding and usingcorporate financial statements. Oriented towards the user of financial accounting data (rather than thepreparer) and emphasizes the reconstruction of economic events from published financial data. May berepeated for up to 3 hours credit. Classification 6 students may not enroll in this course. Prerequisite:Enrollment is limited to BUAD classification 7 graduate students.611. Management of Taxation. (3-0). Credit 3. Various income taxes on taxable entities. For businessand other majors. Classification 6 students may not enroll in this course.612. Partnership and Real Estate Taxation. (3-0). Credit 3. Concepts and principles of partnerships andreal estate taxation; use of partnerships and real estate for tax planning. Classification 6 students may notenroll in this course. Prerequisite: ACCT 405.613. Estate Planning. (3-0). Credit 3. Taxation of decedent’s estates and lifetime gifts; valuation of propertysubject to estate and gift taxes; concepts and principles of estate and trust taxation; estate planning.Classification 6 students may not enroll in this course. Prerequisite: ACCT 405.615. Contemporary Tax Topics. (3-0). Credit 3. Explores business tax topics that provide current/futuresignificant professional tax service opportunities such as specialized applications of business taxation.Intended for graduate students in the Tax Track in the Professional Program in Accounting. May betaken two times for credit. Prerequisite: ACCT 611.