Santa Clara University

Accounting Course Descriptions

 

Accounting - Undergraduate

  • 5
    Personal Financial Planning
    Overview of the tools and information necessary for personal business decision-making. Includes analysis of financial services, credit and borrowing, taxes, compensation planning, consumer purchases, housing decisions, the time value of money, savings, and investments.
  • 11
    Introduction to Financial Accounting
    Overview of the role of financial information in economic decision-making. Includes topics such as the dissemination of accounting information and its impact on capital markets and the analysis of corporate annual reports. Coverage of financial statements and their use in determining profitability and the financial condition of a business entity. Prerequisites: Must be second year student and BUSN 70 or BUSN 170. Seniors who have not completed BUSN 70 may take this class with department permission on a space-available basis.
  • 12
    Introduction to Managerial Accounting
    Introduction to the role of financial information in the decision-making of business managers. The objective is to investigate the use of business data in typical managerial functions such as planning, control, and making operational decisions. Prerequisite: ACTG 11.
  • 20
    Recording Financial Transactions
    Insight into the basic principles and mechanics behind the preparation of financial statements. Focus is on the accounting model, accrual versus cash accounting, and the accounting processing cycle. Prerequisites: ACTG 11 and must have 70 units or Department's permission is required prior to enrollment. Course may not be taken before Spring quarter of Sophomore year. For fall and winter enrollment, students must be concurrently enrolled in ACTG 130.
  • 130
    Intermediate Financial Accounting I
    An in-depth study of the concepts underlying external financial reporting, along with expanded coverage of the basic financial statements. Detailed analysis of the measurement and reporting of current assets, operational assets, and investments, to include the treatment of related revenues and expenses. Significant attention is given to income statement presentation and revenue recognition. Prerequisites: ACTG 12 and ACTG 20 and must have 96 completed units or Department's permission is required prior to enrollment (ACTG 20 may be taken concurrently.)
  • 131
    Intermediate Financial Accounting II
    Intensive analysis of generally accepted accounting principles as applied to accounting for liabilities, stockholder's equity, and the statement of cash flows. Accounting for income taxes, pensions, leases, and the reporting of corporate earnings per share. Prerequisite: ACTG 130.
  • 132
    Advanced Financial Accounting
    The main subject is accounting for business combinations, and the consolidation of financial statements of a parent company and its subsidiaries. A broad spectrum of financial reporting issues in the context of consolidated financial statements is examined. The course also covers partnership accounting and other advanced financial accounting topics. Prerequisite: ACTG 131.
  • 134
    Accounting Information Systems
    Introduction to procedures by which accounting data is captured, processed, and communicated in computerized information systems. The course describes the ways that accounting information systems are designed, used and maintained by accounting professionals with an emphasis on the internal controls over such systems. Prerequisites: ACTG 11 and ACTG 12. ACTG 12 can be taken concurrently.
  • 135
    Auditing
    Introduction to the basic concepts of auditing. Discussion of applicable regulations, the audit risk model and client risk assessment. Focus is on an overview of the audit process. Auditors' professional and ethical responsibilities, sampling and historical cases will also be discussed. Prerequisite: ACTG 131. (ACTG 131 may be taken concurrently.)
  • 136
    Cost Accounting
    Analysis of cost accounting with a strategic emphasis. Selected topics include process costing, activity-based costing, variance analysis, joint cost allocations, and the Theory of Constraints. Prerequisite: ACTG 130
  • 138
    Tax Planning & Business Decisions
    A basic introduction to the tax treatment of transactions and events affecting both individuals and businesses and the conceptual framework underlying taxation. Includes issues of importance for successful tax planning with an emphasis on income and expense recognition, individual taxation, and property transactions. Assumes no prior knowledge of the tax law. Prerequisites: ACTG 11 and 12. (ACTG 12 may be taken concurrently.)
  • 140
    Government & Non-Profit Accounting
    Accounting and reporting requirements used by government and not-for-profit (NPO) entities. For governmental accounting, the class focuses on the categorization of the major government fund types and the terminology associated with Governmental Accounting Standards Board (GASB) and Generally Accepted Accounting Principles (GAAP). For NPO accounting, the class focuses on the provisions of FAS 116 and FAS 117. Recommended for students taking the CPA exam. Prerequisite: ACTG 131
  • 142
    Business Law for Accountants
    Legal theory and mechanisms designed to facilitate commercial transactions within our society. Areas covered in the course include those dealing with integral aspects of business transactions: business organizations; contract and sales law; commercial paper; and secured transactions. Recommended for students taking the CPA exam. Prerequisites: ACTG 131. Restricted to junior and senior declared accounting majors.
  • 143
    International Financial Reporting Standards and FASB Updates
    An in-depth study of the major differences that exist between International Financial Reporting Standards and U.S. GAAP. The course will also provide an update for students on the content of FASB pronouncements that have been issued in the prior year. Prerequisite: ACTG 132 and senior standing. (ACTG 132 may be taken concurrently).
  • 144
    Accounting Ethics
    This course is designed with a particular focus on the roles and ethical responsibilities of the accounting, auditing, and tax professions, ethical behavior by management, and the legal guidelines that address behavior in a business setting. Prerequisites: ACTG 11 and ACTG 12, and either Philosophy 6 or Management 6.
  • 145
    Accounting Ethics and Professional Responsibility 2A
    This course is intended to supplement the content of ACTG 144, Accounting Ethics and Professional Responsibility, by exposing students to an expanded range of ethical dilemmas. The cases chosen also focus on 1) how different cultures may view ethical issues differently and 2) the ethics of glass ceiling issues for female employees in large accounting firms. Armed with this background knowledge, the students can begin to evaluate how to respond in specific situations that may involve cultural and gender issues. Prerequisites: Concurrent enrollment in ACTG 144 or previous completion of ACTG 144, or consent of instructor.
  • 148
    Taxation of Business Entities
    An advanced tax course covering the income tax treatment of transactions involving various types of business entities. Topics will include taxation of corporate entities (both C and S corporations) as well as partnerships. Addresses tax issues related to estates and trusts. Includes calculation of current and deferred taxes and the study of common tax issues arising in multinational transactions. Prerequisites: ACTG 131 and ACTG 138.
  • 150
    Financial Fraud Detection and Investigation
    Forensic accounting deals with the application of accounting methods to legal problems, and comprises investigative accounting and litigation support activities. Investigative accounting (usually referred to as fraud accounting) refers to the role of the accountant in determining the existence and extent of asset misappropriation and/or financial statement fraud. Litigation support activities include those professional services provided by accountants to attorneys in support of civil or criminal litigation. In addition to examining both aspects of forensic accounting, the legal system and the role of the forensic accountant as an expert witness will be discussed. Prerequisite: ACTG 131
  • 151
    Financial Statement Analysis
    Provides a framework for analyzing financial statements and develops skills useful in evaluating company performance, liquidity, solvency, and valuation in the context of the company's strategy and competitive environment from a user perspective. Prerequisite: ACTG 11 and FNCE 121 or FNCE 121S.
  • 152
    International Accounting and Financial Reporting
    Understanding similarities and differences in financial reporting practices globally is vital for all organizations involved in international business. The course takes a user perspective in international financial reporting. It examines economic and social factors that affect financial reporting practices, classifies global patterns in financial reporting, and studies the effect of the diversity in financial reporting on corporate investment and financing decisions. Technical issues covered include accounting for foreign currency transactions, accounting for the effects of inflation, international transfer pricing, and international financial statement analysis. Prerequisites: ACTG 130, MGMT 80, and FNCE 121 or FNCE 121S.
  • 161
    Junior Contemporary Business Seminar Series I
    A series of seminars covering topics pertinent to those pursuing a professional accounting career. Students are required to attend sessions with the course instructor, attend seminars sponsored by the Department of Accounting, or to choose additional acceptable seminars and presentations offered throughout the University. Prerequisites: ACTG 12 and ACTG 20. (ACTG 20 may be taken concurrently.) Cross listed with ACTG 171.
  • 162
    Junior Contemporary Business Seminar Series II
    A series of seminars covering topics pertinent to those pursuing a professional accounting career. Students are required to attend sessions with the course instructor, attend seminars sponsored by the Department of Accounting, or choose additional acceptable seminars and presentations offered throughout the University. Prerequisites: ACTG 12 and ACTG 20. (ACTG 20 may be taken concurrently). Cross listed with ACTG 172.
  • 171
    Senior Contemporary Business Seminar Series I
    A series of seminars covering topics pertinent to those pursuing a professional accounting career. Students are required to attend sessions with the course instructor, attend seminars sponsored by the Department of Accounting, or to choose additional acceptable seminars and presentations offered throughout the University. Prerequisite: Open only to senior declared accounting majors. Cross listed with ACTG 161.
  • 172
    Senior Contemporary Business Seminar Series II
    A series of seminars covering topics pertinent to those pursuing a professional accounting career. Students are required to attend sessions with the course instructor, attend seminars sponsored by the Department of Accounting, or choose additional acceptable seminars and presentations offered throughout the University. Prerequisite: Open only to senior declared accounting majors. Cross listed with ACTG 162.
  • 191
    Peer Educator in Accounting
    Work closely with the department to help students in core accounting classes understand course material, think more deeply about the material, and feel less anxious about testing situations. Prerequisites: Declared accounting major and permission of instructor and chair required prior to enrollment.
  • 194
    Accounting Case Analysis
    A practicum in which students form teams, research accounting issues, present the results of their research, and explain their research recommendations before a panel of judges. This course may be repeated for credit. Prerequisite: Enrollment is by permission of the department chair.
  • 197
    Special Topics in Accounting
    Offered occasionally to introduce new topics not covered by existing electives. Consult quarterly schedule of classes for description. Prerequisite: ACTG 131
  • 198
    Accounting Internship
    Opportunity for upper-division students to work in local accounting or corporate firms. Two written reports and the employer's evaluation of the student's work will be required. This course may be repeated for credit, depending on nature of assignment. Prerequisites: Declared accounting major and permission of instructor and chair required prior to enrollment.
  • 199
    Directed Reading/Directed Research
    Independent projects undertaken by upper-division students with a faculty sponsor. Prerequisite: Declared accounting major and permission of instructor and chair required prior to enrollment. (1-5 units)
 
 

Accounting - Graduate Business

  • 300
    Financial Accounting
    Introduces the roles, concepts, principles, legal requirements, and impacts of external financial reporting. The course covers the basic financial statements and the analysis and recording of transactions, with a focus towards interpretation of reported results. The course covers the more common and significant transactions impacting firms. Prerequisite: None.
  • 301
    Actg for Business Decisions
  • 302
    Managerial Accounting
    Focused study of issues relating to the measurement, analysis, and dissemination of financial and non-financial information to enhance the fulfillment of organizational objectives. This course considers accounting systems for planning, control, and decision making, and includes topics in relevant costing, cost behavior analysis, inventory costing systems, budgeting, activity based costing, and performance evaluation. Not open to students who have taken ACTG 313. Prerequisite: ACTG 300.
  • 303
    Corporate Financial Reporting
    An in-depth study of the concepts underlying external financial reporting, along with expanded coverage of the basic financial statements. Detailed analysis of the measuring and reporting of assets, liabilities, shareholders' equity, and related revenues and expenses. The course takes a decision-making perspective by framing the financial reporting function of accounting in the context of the decision-support role it services. Not open to students who have taken ACTG 181 or ACTG 703 at SCU. Prerequisite: ACTG 300.
  • 303
    Corporate Financial Reporting
    An in-depth study of the concepts underlying external financial reporting, along with expanded coverage of the basic financial statements. Detailed analysis of the measurement and reporting of assets, liabilities, shareholders equity, and related revenues and expenses. The course takes a decision-making perspective by framing the financial reporting function of accounting in the context of the decision-support role it services. Prerequisite: ACTG 300. .
  • 305
    Financial Statement Analy
  • 307
    Tax Aspects of Business Decisions
  • 309
    Seminar in International Accounting
    Financial reporting issues facing entities conducting business or raising capital in foreign countries. Comparative financial accounting and reporting systems; multinational financial disclosure; selected technical issues including foreign exchange accounting, international transfer pricing, and accounting for inflation; international aspects of managerial accounting and auditing; international accounting organizations; and efforts toward harmonizing accounting standards. Prerequisite: FNCE 451.
  • 311
    Management Accounting: Incentives & Performance Management
    Analysis of accounting systems for planning, control, and decision-making. Company behavior is viewed as the aggregation of individual behavior. The course emphasizes the interaction of organizational structure, performance measurement, and compensation contracts. Selected topics include budgeting, variance analysis, transfer pricing, and performance metrics such as Economic Value Added. Prerequisite: ACTG 300.
  • 313
    Management Accounting: Strategic Cost Management
    Intensive analysis of cost accounting with an emphasis on cost identification for strategic decision making and cost management. Selected topics include activity-based costing, allocation of joint costs, target costing, value chain analysis, and the Theory of Constraints. Prerequisite: ACTG 300.
  • 313
    Mgmt Actg:Strategic Cost Mgmt
  • 317
    Taxation and Personal Business Strategy
    Builds a strong foundation of basic principles, transactions, and concepts for the taxation of individuals. Includes analysis of various tax policies and procedures and their economic impact. Does not include coverage of the taxation of business entities (e.g., corporations). Assists in providing the competitive advantage that comes from understanding the importance of tax provisions applicable to successful personal tax planning and minimization. Prerequisite: ACTG 300.
  • 319
    Financial Statement Analysis
    Analysis of financial statements and footnotes. Focus on (1) developing a framework that interprets financial statements as a reflection of a company's industry, business strategy, and competitive environment; and (2) showing how decision makers can use financial data to evaluate a company's performance, liquidity, solvency, and valuation. Prerequisite: FNCE 451.
  • 321
    Fundamental Value Analysis
    This course provides a framework for forecasting financial statements and using these forecasts to determine the fundamental value of the company. Emphasis on relating a firm's business strategy, growth prospects, and the sustainability of its competitive advantage into its financial ratios and intrinsic value. Prerequisite: FNCE 451.
  • 694
    Accounting for Business Decisions
  • 695C
    Auditing
  • 695D
    Cost Management and Strategy
  • 695B
    Intermediate Fin Actg II
  • 695A
    Intermediate Financial Accounting I
  • 695E
    Tax Aspects of Business Decisions
  • 696
    Special Topics
    Covers special topics; offered on an occasional basis.
  • 698
    Independent Study
  • 699
    Master's Thesis
  • 701
    Global Diversity in Financial Reporting
    Examines conceptual models for explaining and managing differences in financial reporting systems between nations. Explores the main economic effects of global accounting diversity including the implications for various constituents. Will also look at global harmonization scenarios and the impact of likely outcomes. Prerequisite: ACTG 300. Concentration: ACTG.
  • 702
    Listing on Foreign Stock Exchanges
    This course will explore the benefits and costs to listing on a foreign stock exchange; the extent to which accounting disclosure requirements influence foreign listing decisions; and accounting policy issues posed by foreign stock exchange listings and how regulatory authorities have responded. Prerequisite: ACTG 300. Concentration: Actg.
  • 703
    Selected Topics in Financial Accounting
    Takes a user/decision-maker approach to earnings quality and the income statement, revenue recognition, mergers and acquisitions, and stock-based compensation plans. Designed for students who want more information than is provided in ACTG 300 but do not want the depth provided by ACTG 303. Prerequisite: ACTG 300. Not open to students who have taken ACTG 303.
  • 704
    Financial Statement Analysis & Analyst's Predictive Accuracy in Global Capital Markets
    Explores issues involved in analyzing financial statements across national borders and the difficulties these pose to predicting performance. Examines the degree of confidence and reliability that can be placed in analysts forecasts for foreign firms. Reviews the special questions raised by financial analysis in the global context. Attention will be focused on North America, Asia, and Europe. Prerequisite: ACTG 300. Concentration: Actg, Fnce.
  • 705
    Concepts of Individual Taxation
  • 706
    Tax Aspects of Compensation Planning
  • 707
    Year-End Tax Planning
  • 708
    Activity Based Costing
    Activity-based costing (ABC) is a costing method that focuses on activities as determinants of costs and encompasses the use of ABC information in decision making. This course considers ABCs underlying assumptions, ABC system design, determinants of successful implementations, evidence of success rates for ABC systems, ABC and relevant costing for strategic decision making, and the pitfalls of ABC. Prerequisite: ACTG 300. Concentration: Actg
  • 709
    Fundamental Analysis Using EVAL
    Fundamental Analysis Using EVAL
  • 851
    Accounting Practices for Effective Decisions
    Introduces the roles, concepts, principles, legal requirements, and impacts of external financial reporting. Covers the basic financial statements and the analysis and recording of transactions, with a focus towards interpretation of reported results. Also covers the more common and significant transactions impacting firms. Continues with a focused study of issues relating to the measurement, analysis and dissemination of financial and non-financial information to enhance the fulfillment of organizational objectives. Considers accounting systems for planning, control, and decision making, and includes topics in relevant costing, cost behavior analyses, inventory costing systems, budgeting, activity based costing, and performance evaluation.
  • 2300
    Financial Accounting
    This course focuses on issues and techniques relating to the gathering, presentation, and analysis of the financial information firms publicly report to the capital markets regarding firm position and performance. The course subsequently considers the use of this information, along with non-financial and proprietary information, in tactical and strategic decision processes designed to enhance stakeholder value for an organization.
  • 2300
    Financial Accounting
    Introduces the roles, concepts, principles, legal requirements, and impacts of external financial reporting. Covers basic financial statements and the analysis and recording of transactions, with a focus towards interpretation of reported results. Studies the more common and significant transactions impacting firms.
  • 2301
    Financial and Managerial Accounting
    This course combines an introduction to financial and managerial accounting to assist students in understanding how these disciplines contribute to the success of the firm. It will focus on the interpretation of reported financial information and how these disciplines contribute to decision-making in the firm.
  • 2303
    Corporate Financial Reporting
    An in-depth study of the concepts underlying external financial reporting, along with expanded coverage of basic financial statements, detailed analysis of measuring and reporting assets, liabilities, shareholders equity, and related revenues and expenses. Takes a decision-making perspective by framing the financial reporting function of accounting in the context of the decision-support role it serves.
  • 2319
    Financial Statement Analysis
    Analyzes financial statements and footnote disclosures. Focuses on (1) developing a framework that interprets financial statements as a reflection of a companys industry, business strategy, and competitive environment; and (2) showing how decision makers can use financial data to evaluate a companys performance, liquidity, solvency, and valuation.
  • 2753
    Cash Flow Management for Entrepreneurs
    This course explores topics of interest to entrepreneurs, including relevant costs, cost-profit-volume and break-even analysis, budgeting and cash flow management. The course is designed to support the effective development of a business plan.
  • 3100
    Financial Reporting and Management Control
    (Part 1 of 2 courses)This course focuses on issues and techniques relating to the gathering, presentation, and analysis of the financial information firms publicly report to the capital markets regarding firm position and performance. The course subsequently considers the use of this information, along with non-financial and proprietary information, in tactical and strategic decision processes designed to enhance stakeholder value for an organization.
  • 3102
    Financial Reporting and Management Control II
    (Part 2 of 6 unit cohort course) This course focuses on issues and techniques relating to the gathering, presentation, and analysis of the financial information firms publicly report to the capital markets regarding firm position and performance. The course subsequently considers the use of this information, along with non-financial and proprietary information, in tactical and strategic decision processes designed to enhance stakeholder value for an organization.
  • 3303
    Corporate Financial Reporting
    An in-depth study of the concepts underlying external financial reporting, along with expanded coverage of basic financial statements, detailed analysis of measuring and reporting assets, liabilities, shareholders equity, and related revenues and expenses. Takes a decision-making perspective by framing the financial reporting function of accounting in the context of the decision-support role it serves.
  • 3309
    Seminar in International Accounting
    Examines financial reporting issues facing entities conducting business or raising capital in foreign countries. Includes topics on comparative financial accounting and reporting systems; multinational financial disclosure; selected technical issues including foreign exchange accounting, international transfer pricing, and accounting for inflation; international aspects of managerial accounting and auditing; international accounting organizations; and efforts toward harmonizing accounting standards.
  • 3311
    Management Accounting: The Finance Function
    This course focuses on the firms finance function as a strategic resource. It explores the tools and processes used to evaluate, manage, and control the performance of business enterprises, and how to fully utilize the internal financial reporting and decision processes to enhance firm value. Substantial focus will be placed on budgeting and planning systems, variance analyses, performance measurement, compensation, and strategic decision-making.
  • 3319
    Financial Statement Analysis
    Analyzes financial statements and footnote disclosures. Focuses on (1) developing a framework that interprets financial statements as a reflection of a companys industry, business strategy, and competitive environment; and (2) showing how decision makers can use financial data to evaluate a companys performance, liquidity, solvency, and valuation.
  • 3753
    Cash Flow Management for Entrepreneurs
    This course explores topics of interest to entrepreneurs, including relevant costs, cost-profit-volume and break-even analysis, budgeting and cash flow management. The course is designed to support the effective development of a business plan.
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