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The 30-credit M.S.A.C. program consists of 21 credits of required courses and nine credits of electives. Prerequisite requirements may include two courses: BMBA 8008 that covers basic financial accounting as well as managerial accounting, and BMBA 8009 that serves as an introduction to business law. Students can be waived from these courses based on prior coursework and challenge exams are also available.
Course Descriptions
Prequalification Sequence
Students without a business background will be required to complete a sequence of prequalification courses that do not bear credit and can be completed more quickly online than traditional eight-week courses. Students can be waived from these courses based on prior coursework if conditions are met. Challenge exams are available. Please contact an Admissions Counselor at (844) 823-1198 to learn more.
BMBA 8008 Accounting Pre-Qualifier (Required for BMBA 9453)
The course provides the foundation for understanding how accounting information serves decision-makers in the global business world. The course focuses on the basics of accounting and reporting, outlining the composition and interrelationship of the primary financial statements and the principles that underlie their preparation. This course satisfies both the financial and managerial accounting prerequisite and must be taken before BACC7100.
BMBA 8009 Legal Studies Pre-Qualifier (Required for BMBA 9454)
The course provides an overview of the American legal process; an introduction to the relationship between law and business with special emphasis on the law of contracts. Satisfies One course in Legal Studies, Business Law, Legal Environment of Business and must be taken before BLAW7314.
Required Courses (21 Credits)
BACC 7100 Financial Reporting (6 credit hours)
This course provides a comprehensive overview of generally accepted accounting principles. Financial statements for going concerns will be covered, including measurement, recognition and disclosure requirements of financial reporting. Prerequisite: BACC 6101, BMBA 9453 or the equivalent.
BACC 7114 Cost Accounting (3 credit hours)
This course explores cost systems used in business organizations, including topics such as valuation of assets and distribution costs, effective methods of cost analysis and control. Standard costs. Prerequisite: BACC 6101, BMBA 9453 or the equivalent.
BACC 7135 Essentials of Federal Taxation (3 credit hours)
This course provides students with an overview and basic understanding of the federal income tax structure with respect to individuals, as well as corporations, partnerships, estates, and trusts domiciled or engaging in business in the United States. The course is an introduction to the basic concepts of federal income taxation with particular emphasis on the concepts of gross income, deductions, exemptions, basis, recognition of gains and losses, and accounting methods and periods. Additional topics addressed include the formation, operation, and liquidation of business enterprises. Federal transfer taxes will also be explored.
BACC 7123 Auditing Standards and Problems (3 credit hours)
This course provides a case study of effective auditing procedures. It covers topics that include Detection of fraud by analysis of accounts, and current findings of the American Institute of Certified Public Accountants and the Securities and Exchange Commission. Prerequisite: BACC 7100 or equivalent with a grade of C- or better.
BACC 8001 Financial Accounting Seminar (3 credit hours)
A capstone accounting course designed to see how students handle somewhat ambiguous accounting problems. The course is largely a case-study course with students expected to do significant accounting research with many written reports. Prerequisite: BACC 7123 or the equivalent.
BLAW 7314 Commercial Law (3 credit hours)
This course will acquaint the advanced student of business and potential candidates who will sit for the CPA exam with certain advanced concepts in the study of law, mainly involving the Uniform Commercial Code and other aspects of commercial law. The course includes a thorough review of contract law; sales (Article 2); buyer’s and seller’s remedies under the Common Law and the Uniform Commercial Code; bailments (leases of commercial/personal property); a review of business organizations (liability and taxation); agency and employment issues (independent contractor); an introduction to securities law; bankruptcy; and security interests.
Elective Credits (9 Credits)
BACC 7200 Tax Lab (3 credit hours)
Students will participate in the Internal Revenue Service Volunteer Income Tax Assistance (VITA) program, offering free basic tax return preparation to qualified individuals. The course includes IRS training, in person or virtual volunteer flexible hours, and regular meetings with the professor during the semester. Prerequisite: BMBA8008
BACC 7121 Taxation for Individuals (3 credit hours)
This course will provide students with an overview and basic understanding of the federal income tax structure with respect to individuals, as well as corporations, partnerships, estates, and trusts domiciled or engaging in business in the United States. This course is an introduction to the basic concepts of federal income taxation with particular emphasis on the concepts of gross income, deductions, exemptions, basis, recognition of gains and losses, and accounting methods and periods. Additional topics addressed include the formation, operation, and liquidation of business enterprises. Federal transfer taxes will also be explored.
BACC 7122 Taxation for Businesses (3 credit hours)
Case study of federal income tax legislation with special attention to preparation of corporate returns.
BACC 7150 Internal Auditing (3 credit hours)
Conceptual frameworks, professional standards and practices that define the roles and responsibilities of the internal auditor. Emphasis on risk identification and management, business process improvement, and internal audit planning.
Prerequisites: BACC2104, BMB9453, or equivalent
BACC 7136 Big Data Analytics (3 credit hours)
This course explores the exponential growth in complex data and information created by business and society. Big Data has become so valuable that the World Economic Forum deemed it a new class of economic asset, like oil. Students will study various applications and analytical tools used to derive insight from big data, and how experts in accounting, finance, and operations utilize big data applications to manage reporting, risk management, and compliance. Students learn how different industries leverage the data to impact the bottom line and create competitive advantage. Prerequisites: BMBA 9111 or BQUA 2811
BTAX 6009 Tax Accounting (3 credit hours)
Deals with federal income tax consequences and planning with respect to adoption of and change in accounting methods; income recognition and deduction allowance under the cash and accrual methods and installment reporting. Also covered is inventory accounting, including LIFO; adoption of and change in accounting periods; time value of money; transactional concepts, including the annual accounting concept, the claim of right doctrine, and the tax benefit rule; and income tax allocations for financial reporting. Prerequisite: BMBA 8008 or equivalent.
BTAX 6003 Tax Research (3 credit hours)
Study of successful methodology of research in federal taxation applied to the solution of both routine and complex tax problems. Topics include research sources, materials and tools, including court reporters, government documents, IRS rulings professional periodicals, tax services and citators, and computerized tax research.
BACC 7127 Enterprise-Wide Accounting Information Systems II (3 credit hours)
This course will provide participants with a clear understanding of enterprise applications like accounting, materials management, sales and distribution, materials requirement planning and process manufacturing. Each of these applications will be covered through the use of the SAP enterprise systems. In addition, the course will cover security, auditing, evaluation and implementation as applied to information systems. Prerequisites: BITM 7724 or equivalent.
BACC 7101 Financial Statement Analysis (3 credit hours)
The objective of this course is to provide students with the skills necessary for analyzing financial statements. Topics covered include ratio analysis, cash flows, inventories and off-balance sheet activities. Valuation models, including asset-based as well as discounted cash flow models, are also discussed. Special emphasis is placed on the effect of accounting principles on the reported results of operations, cash flows and ratios. Prerequisites: BACC 6101, BMBA 9453 or the equivalent.
BACC 7128 Advanced Accounting (3 credit hours)
This course focuses on accounting for investments, including business combinations, and foreign currency accounting. Topics include foreign currency financial statements, segment reporting and other advanced accounting topics. Prerequisite: BACC 7100 with a grade of C- or better.
BACC 7210 Forensic Accounting (3 credit hours)
Students will learn the twin towers of forensic accounting - litigation support and investigative auditing - through classroom lecture and discussion, case studies and stories about the latest financial crimes and schemes, and guest speakers’ experiences in this rapidly developing field. We will discuss how the application of internal controls can deter people from committing fraud. Examine the fraud triangle (the pressures, opportunities, and rationalizations) of occupational and management fraud. This, in turn, can proactively deter theft, concealment and conversion. Review how allegations of fraud should be investigated, evidenced, and resolved. Prerequisite: BACC 7100 or equivalent.