The following courses, numbered 7000-9999, are offered for graduate credit. Courses numbered 0900-6999, which are offered for undergraduate credit only, may be found in the Undergraduate Bulletin. For interpretation of numbering system, signs and abbreviations, see University Courses.
Prereq: B A 7000. No credit after ACC 5100 or undergraduate equiv. Study of U.S. generally-accepted accounting principles and other financial reporting regimes. Financial accounting theories, principles and standards. Interaction between accounting concepts and management decisions. (T)
Prereq: completion of all foundation requirements. No credit after ACC 5170 or undergrad. equiv. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Application of tax laws and regulations to the business affairs of corporations and individuals. (Y)
No credit for students who have taken ACC 5120 or undergrad. equiv. Prereq: ACC 7100. Theory and practical applications of accounting for consolidated entities and partnerships; also includes foreign currency transactions, hedging and derivatives. (W)
Prereq: B A 7000. No credit after ACC 5160 or undergrad. equiv. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Theoretical framework of cost accounting related to the decision-making and control processes of management. (T)
Prereq: ACC 7100; ISM 7500; or undergrad. equivs. No credit after ACC 5130 or undergrad. equiv. Design and controls of computer based systems for processing accounting information. (F)
Prereq: ACC 7100. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Issues in international business environment: currency translations; consolidated statements for multinational corporations, inflation accounting; other issues. (Y)
No credit after ACC 5996 or undergrad. equiv. Prereq: ACC 7100. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Principles and procedures of internal and external auditing; statistical sampling and other modern auditing techniques; professional standards and responsibilities of the auditor. (Y)
Prereq: ACC 7100. No credit after ACC 5180 or undergrad. equiv. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Theory and practical applications of accounting for governmental and not-for-profit organizations. Focus on both technical accounting issues and management and regulatory issues, for both state and local governments and other types of not-for-profit entities. (W,S)
Prereq: ACC 7180 or equiv. Advanced principles and procedures to perform financial audits; case studies of emerging auditing techniques and methods to detect fraud; application of advanced statistical sampling techniques; analysis of auditor's role in society. (Y)
Prereq: ACC 7180; or undergrad. accounting major; or consent of instructor. Models, hypotheses, and concepts that form the foundation for the development of accounting theories and principles. (F)
Prereq: admission to a graduate program. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Law governing business corporations; fiduciary duties of managers and directors in situations such as mergers, acquisitions, securities offerings, market domination, litigation. (I)
Prereq: admission to a graduate program. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Legal framework for conducting business in a global economy; international aspects of laws of United States, Canada, Mexico, Germany, Japan, other countries. (I)
Prereq: ACC 7120 and 7100 or undergraduate equivs. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Methodology of tax research, including computer-assisted research; communication of argument and conclusions. Sources and roles of legislative, executive, judicial and professional bodies in creating, interpreting and enforcing policies and practices.
(T)
Prereq: ACC 7300. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Relationships and communications within the firm and with the client, professional advisers, and taxing authorities. Written and oral communication of factual results and interpretations of tax cases and promulgations. Ethical and professional liability. (W)
Prereq: ACC 7120 or undergraduate tax course. No credit after former ACC 5270 or undergrad. equiv. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Advanced taxation issues facing entities including corporations, partnerships, and LLCs, estates and trusts, and individuals. Tax effects of multijurisdictional business operations. (Y)
Prereq: ACC 7320 and 7300. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Advanced study of tax issues facing corporations and their shareholders, including transfers of property to corporations, liquidating and nonliquidating distributions, corporate reorganizations, S corporations, controlled group tax issues, merger and acquisition tax issues, other topics. (Y)
Prereq: ACC 7300 and ACC 7320. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Federal income tax rules governing partners and partnerships: study of aggregate and entity theories, partnership formation, operation and dissolution, partnership distributions and liquidations, dispositions of partnerships, interests, special basis adjustments, and other issues.
(Y)
Prereq: ACC 7300 and 7320. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Taxation of U.S. persons investing or doing business outside the United States. Foreign tax credit, sourcing rules, controlled foreign corporation and related tax issues, transfer pricing issues, and overview of tax issues related to non-U.S. persons doing business in the United States.(Y)
Prereq: ACC 7300. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Federal income tax planning for tax accounting periods and methods available to various business organizations, including: overall methods of accounting, uniform inventory capitalization rules, and other special elections available to taxpayers and tax accounting period and method changes. (Y)
Prereq: ACC 7300. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Examination of state and local income, property, sales, and single business and payroll taxes; definition of residency; allocation of income for multi-state businesses; unitary business income; tax effects of operation in other states. (Y)
Prereq: ACC 7300. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Laws, judicial decisions and administrative rules applicable to tax exempt organizations with respect to their formation, operation and dissolution, including tax policy and regulatory issues to such organizations. (Y)
Prereq: ACC 7300. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Identification and valuation of transfers taxable under federal law; gross estate; exclusions, deductions, credits; taxable gifts, exclusions, deductions; generation-skipping trusts; extensive analysis of planning techniques. (F)
Prereq: ACC 7120. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Effect of taxation on business decisions such as choice of form of organization, international operations, employee and executive compensation strategies, business mergers, acquisitions and divestitures. Business decisions examined by studying tax, accounting, and non-tax considerations from a management perspective. (W)
Prereq: ACC 7120. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Tariff classification (including Harmonized System nomenclature), customs valuation, foreign trade zones, drawback, rules of origin under international trade agreements, and the interrelationships between Title 19 and the Internal Revenue Code. (Y)
Prereq: ACC 7100, 7120. Current developments in the profession of accounting and taxes due to new professional standards, government regulations, international issues, changing environment. (T)
Prereq: ACC 7300, prior consent of instructor; admission to M.S. in Accounting or M.S. in Taxation program. Offered for S and U grades only. Professional practice under supervision in cooperative education or internship program. Development of two sets of case materials and/or research paper(s) based on actual incidents and situations. (Y)
Prereq: ACC 7100. Current issues and developments in public accounting: theoretical, practical and regulatory aspects. (Y)
Prereq: consent of adviser and graduate officer; approved Petition and Authorization for Directed Study must be on file in Office of Student Services prior to registration. Advanced independent readings under the supervision of a member of the graduate faculty in areas of special interest to student and faculty member. (T)
Prereq: ACC 7320. Current issues and developments in tax and fiscal policy: theoretical, practical, political and regulatory aspects. (I)
Prereq: ACC 7300, 7100, 7320. Open only to students in M.S. in Taxation or M.S. in Accounting program, or in Law School. For any class designated as Web, contact online: (http://www.classschedule.wayne.edu). Seminar topics include history of accounting and taxation, accounting and tax standard setting and policy issues, professional responsibilities of accounting and tax professionals; current events and current news topics. (F)