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

Prereq: BA 2300, or equiv. with 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

Prereq: ACC 3010 or equiv. and ECO 2010, or equiv.; and BA 2300 or equiv.; each with 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

Offered for S and U grades only. No credit toward degree. Open only to Mike Ilitch School of Business students.

Must be elected by Professional Development Co-operative Program students during work semester. 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

Prereq: ACC 3010 and ACC 3020, each with minimum grade of C. Open only to Mike Ilitch School of Business upper division students. Offered for undergraduate credit only.

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.

ACC 5110 Intermediate Financial Accounting II

Prereq: ACC 5100 with minimum grade of C. Open only to Mike Ilitch School of Business upper division students. Offered for undergraduate credit only.

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.

ACC 5115 Intermediate Financial Accounting III

Prereq: ACC 5110 with minimum grade of C. Open only to upper division business students. Offered for undergraduate credit only.

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.

ACC 5120 Advanced Accounting

Prereq: ACC 5115 or equiv. with minimum grade of C. Open only to Mike Ilitch School of Business upper division students. Offered for undergraduate credit only.

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.

ACC 5130 Accounting Systems Design and Control

Prereq: ACC 5100 and ISM 3630, both with minimum grade of C. Open only to Mike Ilitch School of Business upper division students. Offered for undergraduate credit only.

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.

ACC 5160 Managerial Accounting

Prereq: ACC 3020 with minimum grade of C. Open only to Mike Ilitch School of Business upper division students. Offered for undergraduate credit only.

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.

ACC 5170 Introduction to Taxation: Individuals

Prereq: ACC 3010 and ACC 3020 with minimum grade of C. Open only to Mike Ilitch School of Business upper division students. Offered for undergraduate credit only.

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.

ACC 5180 Governmental and Not-for-Profit Accounting

Prereq: ACC 5110 with minimum grade of C. Open only to Mike Ilitch School of Business upper division students. Offered for undergraduate credit only.

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.

ACC 5200 ERP Systems: Concepts and Practice

Prereq: ACC 3010, ACC 3020, and ISM 3630, each with grade of C or above. Offered for undergraduate credit only. Open only to Mike Ilitch School of Business upper division students.

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.

ACC 5250 Introduction to Internal Auditing

Offered for undergraduate credit only. Prereq: ACC 3010 and ACC 3020 each with minimum grade of C.

Theory of internal auditing and how it relates to the CPA audit and the audit committee.

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.

ACC 5890 Internship in Accounting or Tax Practice

Offered for S and U grades only. Offered for undergraduate credit only. Prereq: junior standing or above; 3.0 or above cumulative g.p.a.; successful completion of minimum 12 credits in business course work at Wayne State; written consent of department chairperson; approved internship application form must be on file in Office of Undergraduate Student Services prior to registration.

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

ACC 5990 Directed Study in Accounting

Prereq: 3.0 g.p.a. or above; senior status or higher; successful completion of minimum of 12 credits in business course work at Wayne State; written consent of department chairperson; approved directed study proposal form must be on file in Office of Student Services prior to registration. Offered for undergraduate credit only. Open only to Mike Ilitch School of Business upper division students. Only three credits maximum in any academic semester.

Research conducted under supervision of full-time faculty member in an area of special interest to student and faculty member.

ACC 5996 Auditing, Assurance and Attestation

Prereq: BA 3400; prereq. or coreq: ACC 5115

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.

ACC 7050 Intermediate Financial Accounting II

Prereq: ACC 7040 or undergrad. equiv.

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

Prereq: ACC 7050 or undergrad. equiv.

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

Prereq: admission to a graduate program. No credit after ACC 5170 or undergrad. equiv.

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.

ACC 7122 Advanced Accounting I

No credit after ACC 5120 or other undergrad. equiv. course. Prereq: ACC 7050 or ACC 5115 or other undergraduate equiv. course.

Theory and practical applications of accounting for consolidation and combination of business entities and accounting for foreign currency transactions and interim and segment reporting.

ACC 7130 Intermediate Managerial Accounting

Prereq: BA 7000. No credit after ACC 5160 or undergrad. equiv.

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.

ACC 7145 Accounting Systems: Design and Controls

Prereq: ACC 7040 or ACC 5100, or equiv. No credit after ACC 5130 or equiv.

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.

ACC 7155 Forensic Accounting

Prereq: BA 6000 or equiv. and admission to graduate program.

Accounting and legal fundamentals of forensic accounting. Topics include tax and financial statement fraud, information security, and forensic accounting applications in such cases as bankruptcy, identity theft, and organized crime and terrorism investigations.

ACC 7165 Internal Audit I

Prereq: BA 6000; and BA 7000 or undergrad. equivs.

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

ACC 7180 Auditing

Prereq: ACC 7050 or undergrad. equiv.

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

Prereq: ACC 7050 or undergrad. equiv. No credit after ACC 5180 or undergrad equiv.

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.

ACC 7280 Accounting Data Analytics

Prereq: BA 7000.

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

Prereq: admission to a graduate program.

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 7325 Advanced Tax Research and IRS Procedures

Prereq: ACC 7300 and ACC 7320.

Builds on research skills developed in ACC 7300 focusing on tax research methodology, writing and citation; role of legal authorities in taxation; IRS practices and procedures.

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 7410 Tax Accounting Methods and Accounting for Income Taxes

Prereq: BA 6000 and ACC 7120 or undergrad. equiv.

Tax accounting issues faced by business entities and their tax advisers, including tax accounting methods and periods, inventory methods, tax accrual workpapers, tax uncertainties and deferred taxes.

ACC 7420 Taxation by State and Local Jurisdictions

Prereq: ACC 7120 or equiv. undergraduate course.

Survey and examination of state, local, and some international income, franchise, property, sales, and use taxes and their impact on entrepreneurs. Emphasis on North American jurisdictions.

ACC 7990 Internship in Accounting or Tax Practice

Prereq: completion of all core courses; prior approval of chairperson; approved internship proposal form on file in Office of Student Services prior to registration. Offered for S and U grades only.

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

Prereq: completion of all core courses; prior approval of chairperson; approved directed study proposal form on file in Office of Student Services prior to registration.

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

Prereq: ACC 7100 or equiv., ACC 7120 or equiv.; coreq: ACC 7300. Must be elected as part of final 12 credits in program.

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.