Academic Course Catalogs

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Graduate Certificate in Accountancy

A Graduate Certificate in Accountancy is offered for those students who desire additional professional accountancy courses, but who do not desire a complete graduate accounting degree. This certificate program is geared toward individuals that already have undergraduate accounting degrees or their equivalent. The certificate should be of strong interest to individuals who wish to:

  1. Complete the remainder of their 150 semester-unit requirements for their CPA certificate;
  2. Update or extend their accountancy and financial management skills; and/or,
  3. Complete continuing professional education (CPE) credit to maintain their current CPA license.

Program Requirements

This graduate certificate program requires the completion of 15-semester units of MACC prefixed coursework. Students may select any 15 MACC prefixed semester units (excluding MACC 501, MACC 502, and MACC 503) based on their continuing professional education needs and their career objectives. Approval of their Program Plan by a faculty mentor is required prior to beginning their certificate program.
Students in this certificate program who subsequently decide to apply and enroll in the MACC or MTAX degree programs will be allowed to apply the units already completed in the certificate program to their graduate degree. Enrollment in the MACC or MTAX program must, however, begin within two years of the completion of this graduate certificate program in order for the completed units to be applied to the graduate degree. Students may not be concurrently enrolled in this certificate program and any other School of Business Administration degree or certificate program.

Admission Process for The Graduate Certificate in Accountancy

Students must complete the following for admission to this certificate program:

1. Complete the application materials for the Graduate Certificate in Accountancy program.
Note that the above application will require students to submit transcripts of prior undergraduate and graduate work. A 3.0 accounting course GPA and 3.0 overall GPA is the normal cutoff for admission. However, applicants with lower prior GPAs will be considered with additional evidence of strong professional accounting or financial management credentials. The application will also require two recommendation letters.

Graduate Certificate in Personal Financial Planning

The Graduate Certificate in Personal Financial Planning Program is designed for accountants who desire the skills necessary to provide clients with personal financial planning services, in addition to accountancy and taxation based services. The program is geared toward individuals who already have undergraduate accounting degrees or the equivalent.

Specifically, the certificate program is designed to prepare students to perform comprehensive financial planning services to individuals in the area of investment, insurance, retirement plans, income taxes and estate taxes. The curriculum is modeled after the topic areas in which proficiency must be demonstrated in order to earn the PF add-on credential to a CPA certificate.

Specifically, the AICPA currently offers an add-on credential entitled a P.F.S. (Personal Financial Specialist) for those holding CPA certificates. Students completing this Graduate Certificate program should acquire the basic educational background accountants will need to qualify for this add-on credential. However, the P.F.S. credential is administered by the AICPA and CPAs will need to apply directly to the AICPA and will need to meet all of the AICPA requirements (including a PF. examination) before they can receive the add-on credential. For more information on this add-on credential go to www.aicpa.org.

Program Requirements

Students in this Graduate Certificate program must complete the following 15-units of MACC courses:
MACC 520 Fundamentals of Personal Financial Planning (3)
MACC 521 Insurance Planning (3)
MACC 522 Investment Planning and Risk Management (3)
MACC 523 Retirement Planning (3)
MACC 562 Estate and Gift Taxation and Planning (3)

Students considering this certificate program should alternatively consider applying for the 30 unit MACC degree program and completing the above 15-unit certificate requirements as part of the electives in that graduate degree program (See the Personal Financial Planning specialization track in the MACC program description). Students in the MACC degree program who complete the above 15-units as electives will automatically receive this Graduate Certificate in Personal Financial Planning.

Alternatively, students completing this Graduate Certificate program who subsequently decide to apply and enroll in the MACC degree will be allowed to apply the units already completed in the certificate program to the MACC degree. Enrollment in the MACC program must, however, begin within two years of the completion of this graduate certificate.

Admission Process for the Graduate Certificate in Personal Financial Planning

Students must complete the following for admission to this certificate program:

1. Complete the application materials for the Graduate Certificate in Personal Financial Planning program.
Note that the above application will require students to submit transcripts of prior undergraduate and graduate work. A 3.0 accounting course GPA and 3.0 overall GPA is the normal cutoff for admission. However, applicants with lower prior GPAs will be considered with additional evidence of strong professional accounting or financial management credentials. The application will also require two recommendation letters.

Courses and Seminars

MACC 501 COMMUNICATIONS AND ETHICS FOR FINANCIAL PROFESSIONALS (3)

This course will focus on improving business presentation skills with several oral presentations required during the course. The course will also introduce basic behavioral or communication skills needed to manage yourself and relationships with others in organizations. Skills learned will include self-management, goal setting, strategic thinking, communicating, creative problem solving, resolving conflicts, team building, motivating, leading change, and evaluating performance. The development of professional ethics and values will be stressed and will comprise a minimum of one-third of the material in this course. Prerequisite: Admission to the BACC/MACC or MTAX programs or either of the MACC or MTAX combined programs.

MACC 502 LEADERSHIP IN A FINANCIAL TEAM ENVIRONMENT (3)

This course examines the challenges of creating and leading in a team-based organizational culture. Topics include stages of team development, leadership style, team chartering, conflict management, decision-making, process facilitation, leadership interventions, and team member skills. Teaching methods include assessments, role-plays, case studies, simulations, skill practice, and a project documenting a team leadership experience. Discussion of the interaction of professional ethics and team leader behavior will comprise a minimum of one-third of this course. Prerequisite: Admission to the MACC or MTAX programs or BACC/MACC or MTAX combined programs.

MACC 503 NEGOTIATIONS: STRATEGY, PRACTICE, AND ETHICS (3)

This course is designed to raise your negotiation competency by presenting a comprehensive, logical approach to a wide variety of negotiation situations. Based on experiential learning, the course will use live negotiation situations where students can develop strategies, employ bargaining tactics, and structure agreements. In addition, the course will examine how to integrate the strategic goals of an organization with the strategic goals of your negotiations and to use negotiations to create value. The course will allow students to examine areas of strength and weakness in their own negotiating style. Finally, negotiating strategy and tactics are set in the context of a code of personal and professional ethical conduct with a minimum of one-third of the course devoted to understanding how ethical issues should impact the negotiation process. Prerequisite: Admission to the MACC or MTAX programs or either of the BACC/MACC or MTAX combined programs.

MACC 510 APPLIED CORPORATE FINANCE (3)

This course reviews complex financial decision making techniques. The ascendancy of shareholder value over the last two decades requires participants to be acquainted with modern financial decision making techniques. Leveraged buyouts (LBO), initial public offerings (IPOs), mergers and acquisitions (MandA), and real option valuation (ROV) will be taught via both text and case methodologies. Prerequisite: FINA 300 or GSBA 505. May not receive credit for this course and GSBA 520.

MACC 520 FUNDAMENTALS OF PERSONAL FINANCIAL PLANNING (3)

This course investigates a broad spectrum of financial planning processes including regulatory, legal, and ethical issues. Other relevant topics include sequencing the financial planning process, communications theory, financial assets, liquidity and cash management, and the effect of a changing economic environment. Prerequisite: FINA 300 or GSBA 505 and 510.

MACC 521 INSURANCE PLANNING (3)

A fundamental part of personal financial planning and personal financial management is risk management, which involves the identification, analysis and management of a client’s risk exposures. The purpose of risk management is to protect a client’s assets and income against large, unexpected losses. Insurance topics including life, annuities, health, disability, long-term care, homeowners and property insurance. Selection of the appropriate role of insurance planning will effectively transfer risk exposures in a sound risk management program. Prerequisite: FINA 300 or GSBA 505 and 510.

MACC 522 INVESTMENT PLANNING AND RISK MANAGEMENT (3)

This course is designed to provide a sound basis for the analysis of publicly traded securities and for the development and management of an integrated portfolio management strategy. Based on experiential learning, the instructor will combine the most recent investment theory and critical thinking with practical security analysis and portfolio management techniques. Integrated throughout the course will be an important new area of financial analysis, behavioral finance, which has critical implications on investment management activities. Included in the course construct are presentations by distinguished and practicing portfolio managers. Prerequisite: FINA 300 or GSBA 505 and 510. May not receive credit for this course and GSBA 521.

MACC 523 RETIREMENT PLANNING (3)

This course emphasizes the fundamentals of retirement planning from a personal financial planning perspective. Specifically, the course will emphasize the examination of various types of retirement plans and the taxation implications of those plans. Qualified plans as well as plan installations, administration and terminations will be discussed. The suitability of investment portfolios for qualified plan situations will also be introduced. Prerequisite: FINA 300 or GSBA 505 and 510. ACCT 306 is also recommended.

MACC 530 INTERNATIONAL FINANCIAL ANALYSIS AND REPORTING (3)

The study of international accounting issues is crucial for effective interpretation and analysis of financial information from companies located around the world. This course adopts a twofold approach. First, the course examines diverse financial reporting practices with an emphasis on the underlying cultural, political, institutional and economic factors. Highlighting a user’s perspective, the course then develops a financial statement analysis framework for comparing published financial information of non-U.S. companies. Combining these two approaches will enable students to prepare comparative case analyses based on a country context. Prerequisite: ACCT 300 or GSBA 510.

MACC 531 APPLIED RESEARCH FOR FINANCIAL ACCOUNTANTS AND AUDITORS (3)

Applied research skills are essential for practicing financial accountants and auditors. This course focuses on helping professional accountants acquire applied research skills that will enable them to access relevant professional guidance, to understand it, and to apply it. Case analyses will be performed by students using the Internet and other relevant research materials. Students will prepare case analysis based upon their research and will present their results in oral presentations and in professional write-ups. Research on relevant ethical issues in the profession will be a critical part of the cases examined in the course. Prerequisite: ACCT 301.

MACC 532 FRAUD EXAMINATION AND FORENSIC ACCOUNTING (3)

Fraud examination will cover the principles and methodology of fraud detection and deterrence. The course includes such topics as skimming, cash larceny, check tampering, register disbursement schemes, billing schemes, payroll and expense reimbursement schemes, non-cash misappropriations, corruption, accounting principles and fraud, fraudulent financial statements, and interviewing witnesses. It also involves discussion of internal controls to prevent fraud, and is designed to give a basic knowledge of skills needed for courtroom testimony. Prerequisites: ACCT 408.

MACC 540 CONTROLLERSHIP AND COST MANAGEMENT (3)

This course will focus on current controllership and strategic cost management topics. Topics to be studied include activity based costing, balanced scorecard, benchmarking, and management control systems. Teaching methods include lecture or discussions, case studies, and presentations. Development of appropriate values and ethics needed by company controllers is included in the course. Prerequisites: ACCT 302 or GSBA 510 and 511.

MACC 550 DATABASE APPLICATIONS FOR FINANCIAL PROFESSIONALS (3)

The focus of this course is to develop competence in solving organizational problems requiring the design, implementation, management, and use of database systems. The course addresses the technical, business and application development issues associated with managing and using an organization’s data resources. The course incorporates relational database technologies (Microsoft Access and Microsoft SQL Server) into the classroom experience via training and assignments, culminating with a group project requiring developing a database. Prerequisites: ACCT 303 or GSBA 510 and 511.

MACC 551 ACCOUNTING SOFTWARE SELECTION AND IMPLEMENTATION (3)

This course will provide students with an overview of what business applications are currently available, how they can be purchased and delivered, and how they can help organizations process transactions and gain competitive advantage. Particular emphasis will be given to accounting software and ERP systems, but other applications such as customer relationship management software, supply chain management software, and manufacturing-oriented packages will also be discussed with a focus on how they can integrate with and maximize the value of accounting software. Prerequisites: ACCT 303 or GSBA 510 and 511.

MACC 552 SECURITY AND CONTROL IN AN ERP ENVIRONMENT (3)

This course is designed to provide students with an awareness and basic understanding of the various security and control issues that arise in and around an organization’s accounting information systems. Topic coverage will focus on current techniques that organizations use to secure their accounting applications including (ERP), corporate databases, operating systems and external communications with customers and suppliers. Also covered will be issues related to the maintenance of adequate storage and backup policies and facilities for corporate data. A comprehensive project will allow students to apply their newly acquired knowledge to a real-world setting. Prerequisites: ACCT 303.

MACC 560 TAX RESEARCH (3)

This course examines research methods used for Federal taxation. Topics include ethics, tax research methodology, primary sources of law, secondary sources of law, and tax practice. Students will use electronic databases and other library resources to research fact patterns in groups and present their findings to the class. In addition, students are expected to do the necessary background reading and take related tests on the topics studied. Prerequisites: ACCT 306.

MACC 561 PARTNERSHIP TAXATION (3)

This course examines tax reporting for non-corporate entities including partnerships, limited liability companies (LLCs), and limited liability partnerships (LLPs), and the taxation of entity owners. Students who complete this course will: (1) understand common partnership, LLC, and LLP terminology, (2) know how and where to research non-corporate tax issues, (3) learn to prepare and review common non-corporate entity tax reports, (4) develop skills in communicating tax issues and answers to clients, (5) understand non-corporate tax planning techniques, (6) understand how to creatively structure transactions consistent with current tax laws, and (7) understand how the California Board of Accountancy Ethics requirements apply to taxation issues. Problem based learning (practice problems, cases, and examples) will provide the core methods of classroom instruction. Prerequisites: ACCT 407.

MACC 562 ESTATE AND GIFT TAXATION AND PLANNING (3)

This course examines the details of three Federal transfer taxes: the estate tax, gift tax, and generation skipping tax. Topics will include transfers subject to the gift tax, valuation of gifts, gift tax exclusion, gift splitting, the gross estate, deductions for transfer taxes, life insurance subject to estate tax, and the determination and payment of the three taxes. Students will be expected to prepare estate and gift tax returns, research issues related to these transfer taxes, and present topics to the class. Prerequisites: ACCT 306

MACC 563 STATE AND LOCAL TAXATION (3)

This course is designed to provide an introduction to the principles of multistate taxation. Specifically, the course will provide: an overview of the impact of federal and state constitutional limitations on multi-state taxation, a fairly comprehensive introduction into the structure, problems and some of the tax planning opportunities for state corporate income taxation of multistate corporations, and an overview of sales and property taxes. Prerequisites: ACCT 306.

MACC 594 SPECIAL TOPICS (3)

Topics of current interest in graduate accountancy study. Course content and structure will differ depending on instructor. Consult your advisor for course description for any given semester. Prerequisite: Will vary depending on topic selected.

MACC 598 PROFESSIONAL ACCOUNTANCY INTERNSHIP (3)

Applied learning experience working for a business, government, or nonprofit organization in an accounting related position. Grading is Pass/Fail. Prerequisite: Approval of placement by instructor. May only be taken once for three units toward degree requirements.

MACC 599 independent STUDIES (3)

Special or Independent Study usually involving empirical research and written reports. Grading is Pass/Fail. Prerequisite: Permission of instructor and MACC or MTAX program director. May only be taken once for three units toward degree requirements.