Accounting courses - Accounting (ACC)

For a full overview of the courses you'll need, visit the curriculum page for your program. The lists below display undergraduate and graduate courses offered in the current semester. To view all courses, go to the Wayne State University Bulletin

ACC 3010 Introduction to Financial Accounting

Prerequisites: ([BA 2300 with a minimum grade of C])

Theory and practical applications of financial accounting principles; preparation and evaluation of financial statements and the items that make up these statements using real-world examples. Use of the language of business to communicate financial information about business enterprises.

ACC 3020 Introduction to Managerial Accounting

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ECO 2010 with a minimum grade of C]) AND ([BA 2300 with a minimum grade of C])

Basic terms and concepts used in managerial accounting: cost behavior; cost-volume profit analysis; business planning and accounting controls; and how accounting information in managerial decision making.

ACC 4500 Business Co-op Assignment

Restriction(s): Enrollment limited to students in the School of Business.

Must be elected by Professional Development Co-operative Program students during work semester. Offered for S and U grades only. No credit toward degree. Opportunity to put theory into practice on the job. Students will normally be assigned to cooperating business organizations for internship periods of one semester.

ACC 5100 Intermediate Financial Accounting I

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ACC 3020 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Accounting principles for preparing complete set of financial statements; how accounting meets the needs of various external users. Theories and practices of external financing of external financial reporting for organizations. Valuation and accounting for assets: cash, receivables, and inventory. Offered for undergraduate credit only.

ACC 5110 Intermediate Financial Accounting II

Prerequisites: ([ACC 5100 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Continuation of ACC 5100. Theories and practices underlying external financial reporting for organizations. Valuation of and accounting for specific items on the balance sheet, including property, plant and equipment, intangible assets, current and long-term liabilities, stockholders' equity, investments, income measurement concepts and issues. Offered for undergraduate credit only.

ACC 5115 Intermediate Financial Accounting III

Prerequisites: ([ACC 5110 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Continuation of ACC 5110. Complex financial reporting topics, such as securities, earnings per share, income taxes, pensions, leases, changes and errors, disclosure issues. Cases used to integrate concepts studied in managerial, systems, and tax accounting courses in this capstone course. Offered for undergraduate credit only.

ACC 5120 Advanced Accounting

Prerequisites: ([ACC 5110 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Theories and practical applications of financial accounting: as learned in intermediate accounting courses; focus on accounting of consolidation and combination of business entities; accounting for foreign currency transactions; and interim and segment reporting. Offered for undergraduate credit only.

ACC 5130 Accounting Systems Design and Control

Prerequisites: ([ACC 5100 with a minimum grade of C]) AND ([ISM 3630 with a minimum grade of C] OR [ISM 4630 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Implementation of accounting systems in a computer-intensive business environment; methods for developing and documenting Accounting Information Systems (AIS); hands-on use of enterprise resource planning software package for accounting functions. Offered for undergraduate credit only.

ACC 5160 Managerial Accounting

Prerequisites: ([ACC 3020 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Focus on management accountant as integral part of the management team. Analyzing, managing, and accounting for costs; relevance of cost management in manufacturing firms and other types of organization; solving homework problems by application of concepts covered in textbook and lectures. Offered for undergraduate credit only.

ACC 5170 Introduction to Taxation: Individuals

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ACC 3020 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Introduction to taxation, tax research, and tax planning. Fundamental elements of individual taxation; how individuals and business owners benefit from an understanding of tax law. Offered for undergraduate credit only.

ACC 5180 Governmental and Not-for-Profit Accounting

Prerequisites: ([ACC 5110 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Theory and practical applications of accounting for governmental and not-for-profit organizations, and how they differ from for-profit entities. Technical accounting issues and management and regulatory issues for both state and local governments and for other governmental and non-governmental not-for-profit entities. Course is preparation for governmental and not-for-profit portion of the CPA examination. Offered for undergraduate credit only.

ACC 5200 ERP Systems: Concepts and Practice

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ACC 3020 with a minimum grade of C]) AND ([ISM 3630 with a minimum grade of C] OR [ISM 4630 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Enterprise Planning (ERP) systems comprise the primary software packages for the accounting, operational, and managerial activities of an organization. Role and function of ERP systems within organizations; analysis of major business processes and their implementation in ERP software; hands-on use of ERP packages for transaction processing and decision support; use of ERP for customer relationship management, supply chain management, and electronic commerce. Offered for undergraduate credit only.

ACC 5250 Introduction to Internal Auditing

Prerequisites: ([ACC 3010 with a minimum grade of C]) AND ([ACC 3020 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students.

Theory of internal auditing and how it relates to the CPA audit and the audit committee. Offered for undergraduate credit only.

ACC 5270 Introduction to Taxation: Business Entities

Prereq: ACC 5170 with minimum grade of C. Open only to Mike Ilitch School of Business upper division students. Offered for undergraduate credit only.

Builds on basic U.S. tax concepts learned in ACC 5170. Taxation of corporations, S corporations, partnerships, estates and trusts. Accounting for income taxes on financial statements, taxation of corporate reorganizations and liquidations, basic multi-state and multi-national taxation principles, and transfer taxes and wealth planning. Offered for undergraduate credit only.

ACC 5890 Internship in Accounting or Tax Practice

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Student performs assigned tasks and responsibilities in a professional manner under supervision of host-employer for minimum 160 hours during the semester, abiding by the rules and regulations established by the employer and expected of all employees; student must satisfactorily complete all course requirements outlined in the internship program for the School of Business Administration. Offered for undergraduate credit only.

ACC 5990 Directed Study in Accounting

Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Research conducted under supervision of full-time faculty member in an area of special interest to student and faculty member. Offered for undergraduate credit only.

ACC 5996 Auditing, Assurance and Attestation

Prerequisites: (May be taken concurrently: [ACC 5115 with a minimum grade of C]) AND ([BA 3400 with a minimum grade of C]) Restriction(s): Enrollment is limited to Undergraduate level students; enrollment limited to students in the School of Business.

Principles and procedures used by public accountants in examination of financial statements of companies and other organizations; issuing an independent opinion; professional standards and responsibilities of the certified public accountant.

ACC 7040 Intermediate Financial Accounting I

No credit after ACC 5100 and ACC 5110. Prereq: BA 6000 or undergrad. equiv.

Study of accounting theory and financial statement presentation, underlying assets and income determination at an intermediate level of analysis. Topics include cash and receivables, marketable securities, inventories, property and intangibles. No credit after ACC 5100 and ACC 5110.

ACC 7050 Intermediate Financial Accounting II

Prerequisites: ([ACC 7040 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Continuation of accounting theory and financial statement presentation, underlying liabilities, and shareholder equity at an intermediate level of analysis. Topics include investments, accounting for leases, pensions, income taxes, disclosures and cash flow.

ACC 7115 Financial Statement Analysis

Prerequisites: ([ACC 7050 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students; enrollment limited to students in the School of Business.

Development of ability to extract and interpret information reported in financial statements in order to evaluate the operating performance and financial status of a firm.

ACC 7120 Introduction to Taxation: Individuals

Restriction(s): Enrollment is limited to Graduate level students; enrollment limited to students in the School of Business.

Introduction to taxation, tax research, and tax planning. Fundamental elements of individual taxation; how individuals and business owners benefit from an understanding of tax law. No credit after ACC 5170 or undergrad. equiv.

ACC 7122 Advanced Accounting I

Prerequisites: ([ACC 5115 with a minimum grade of C] OR [ACC 7050 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Theory and practical applications of accounting for consolidation and combination of business entities and accounting for foreign currency transactions and interim and segment reporting. No credit after ACC 5120 or other undergrad. equiv. course.

ACC 7130 Intermediate Managerial Accounting

Prerequisites: ([BA 7000 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Building on managerial accounting skills mastered in B A 7000, this course examines accounting and control issues and the use of information in the decision-making process from a managerial perspective, through the study of cases. No credit after ACC 5160 or undergrad. equiv.

ACC 7145 Accounting Systems: Design and Controls

Prerequisites: ([ACC 7040 with a minimum grade of C] OR [ACC 5100 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Implementation of accounting systems in the computer-intensive business environment; methods for developing and documenting Accounting Information Systems (AIS); evaluation of controls; work with accounting software package. No credit after ACC 5130 or equiv.

ACC 7148 ERP Systems and Business Integration

Prerequisites: ([BA 7000 with a minimum grade of C]) AND ([ISM 7500 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Enterprise Planning (ERP) systems are the primary software packages for accounting, operational, and managerial activities of organizations. How ERP systems integrate and coordinate business processes and the management of the organization. Extensive hands-on use of popular software packages for key business activities such as sales, procurement, and production.

ACC 7165 Internal Audit I

Prerequisites: ([BA 7000 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Theory of internal audit; the context within which internal auditing functions; its relation to the external audit and the audit committee.

ACC 7180 Auditing

Prerequisites: ([ACC 7050 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Principles and procedures of internal and external auditing; statistical sampling and other modern auditing techniques; professional standards and responsibilities of the auditor.

ACC 7188 Governmental and Not-for-Profit Accounting

Prerequisites: ([ACC 7050 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Theory and practical applications of accounting for governmental and not-for-profit organizations, and how they differ from for-profit entities. Technical accounting issues and management and regulatory issues for both state and local governments and for other governmental and non-governmental not-for-profit entities. No credit after ACC 5180 or undergrad equiv.

ACC 7280 Accounting Data Analytics

Prerequisite: BA 7000 Restriction(s): Enrollment is limited to Graduate level students.

Introduces concepts, techniques, and software applications used to analyze accounting and related data to support financial decision-making and planning. These data are generated both within and outside the organization.

ACC 7300 Accounting and Tax Research and Professional Communications

Prereq: BA 6000 and BA 7000 or undergraduate equivs.; ACC 7120 or undergrad. equiv, or ACC 7120 as coreq. Course must be completed within first twelve credits of the M.S.A. and/or M.S.T. programs.

Methodology of accounting and tax research, including computer-assisted research and the communication of argument and conclusions. Sources and roles of legislative, executive, judicial and professional bodies in creating, interpreting and enforcing policies and practices. Commonly-used research databases studied through cases.

ACC 7310 Business and Professional Ethics for Managers and Accountants

Restriction(s): Enrollment is limited to Graduate level students.

Laws, regulations and professional codes of conduct as reflection of expectations of corporate stakeholders regarding the ethics of accountants and managers. Significance of integrity, independence, and reputation in light of these rules.

ACC 7320 Introduction to Taxation: Business Entities

Prereq: ACC 7120 or undergraduate equiv. course.

Builds on basic U.S. tax concepts learned in ACC 5170/ACC 7120. Taxation of corporations, S corporations, partnerships, estates and trusts. Accounting for income taxes on financial statements, taxation of corporate reorganizations and liquidations, basic multi-state and multi-national taxation principles, and transfer taxes and wealth planning.

ACC 7335 Taxation of Corporations and Shareholders

Prereq: ACC 7300 and ACC 7320.

Advanced taxation issues related to consolidated tax returns; corporate acquisitions, mergers, divestitures, and reorganizations; survival of tax attributes; accounting for uncertainty in income taxes; other advanced tax topics.

ACC 7340 Taxation of Pass-Through Entities

Prereq: ACC 7300 and ACC 7320.

Tax rules governing formation, operation, and dissolution of partnerships, S corporations, and limited liability companies; aggregate and entity theories; distributions, basis adjustments, dispositions, and other related tax issues.

ACC 7990 Internship in Accounting or Tax Practice

Prerequisites: ([ACC 7040 with a minimum grade of C] OR [ACC 7050 with a minimum grade of C] OR [BA 7000 with a minimum grade of C]) Restriction(s): Enrollment limited to students in the MS in Accounting or MS in Taxation programs; enrollment is limited to Graduate level students.

Application and assessment of concepts developed in studies through meaningful real-world experience. Student must obtain internship position and complete internship application form before registering. Student performs assigned tasks in professional manner under supervision of host-employer for minimum 160 hours during semester; abides by rules and regulations established by employer and expected of all employees; and must complete all course requirements outlined by the School for the internship program.

ACC 7995 Directed Study in Accounting

Prerequisites: ([ACC 7040 with a minimum grade of C] OR [ACC 7050 with a minimum grade of C] OR [BA 7000 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students.

Opportunity to conduct research under the supervision of a member of the graduate faculty in areas of special interest to student and faculty member.

ACC 7998 Seminar in Tax and Accounting Policy

Prerequisites: ([ACC 7050 with a minimum grade of C]) AND ([ACC 7120 with a minimum grade of C]) AND (May be taken concurrently: [ACC 7300 with a minimum grade of C]) Restriction(s): Enrollment is limited to Graduate level students; enrollment limited to students in a MS in Accounting or MS in Taxation degrees; enrollment limited to students in the Law School or School of Business.

Seminar topics include history of accounting and tax policy in the U.S., establishment of accounting and tax rules and standards, professional responsibilities of accounting and tax professionals; relationship and application to recent and current events.