Economics-Accounting Courses

86. Accounting for Decision Making. Staff
Principles of financial accounting. Analysis of business transactions and their effect on the three principal financial statements: the balance sheet, the income statement, and the cash flow statement of changes. Prerequisite: Economics 50. Offered every semester.

149. International Accounting, Taxation, and Transfer Prices. Massoud and J. Taylor
An introduction to global accounting, cross-listing on national exchanges, the Foreign Corrupt Practices Act, the cost of capital and international accounting standards, U.S. taxation of international transactions and the allocation of international income among members of a controlled group. Prerequisite: Economics 150. Offered every other year.

150. Asset and Income Measurement (Intermediate Accounting I). Bergevin, Rosett
This course examines both conceptual foundations and practical measurement of assets and income. The course mainly takes the financial statements preparer's perspective using generally accepted accounting principles. However, a second theme in the course emphasizes interpretation and analysis of accounting information from a user's perspective. Prerequisite: Economics 86. Offered every semester.

151. Strategic Cost Management. Ganguly
Explores different systems for measuring organizational costs. Topics include traditional cost measurement systems, such as Job-Order, Process, and Standard Costing Systems, and newer cost measurement systems such as Activity Based Costing and Target Costing Systems. Emphasis is placed upon the use of cost data for managerial decisions. Prerequisites: Economics 86 and 101. Offered every year.

152. Tax Planning. J. Taylor
Surveys the consequences of a variety of tax plans based on discretionary principles of tax recognition and treatment. Basic planning concepts are introduced for addressing the tax interests of business units and individual investors. Prerequisite: Economics 86. Offered every year.

153. Corporate Governance Systems. Staff
This course integrates knowledge about ethical values and control systems with the role of accounting and auditing in producing transparent financial information. To this end, the course provides theoretical and practical analysis of different corporate governance systems in the U.S. and around the world with particular attention to the implications of financial report information for the financial markets. Prerequisite: Economics 150 or permission of instructor. Offered every year.

154. Financial Statement Analysis. Batta, Rosett
Combines finance and accounting in a user-oriented, financial statement analysis approach. The goal is to expose students to the usefulness of accounting information for valuation and bankruptcy prediction. Part I introduces ratio analysis and discusses accounting information strengths and limitations. Part II is decision model oriented. It deals with the uses of accounting information for valuation of common stocks and corporate bonds in an efficient market. Prerequisites: Economics 86 and 150, or permission of instructor. Offered every year.

155. Valuation and Reporting of Financial Liabilities and Equity (Intermediate Accounting II). Ganguly
This course examines both conceptual foundations and practical measurements of liabilities and equity. The course emphasizes the effects of alternative valuation and measurement techniques on the financial statements and the related impact on financial markets. An important theme of the course is the preparation and use of financial information for interpretation and analysis. Prerequisite: Economics 150. Offered every semester.

156. Advanced Topics in Financial Accounting. Staff
Various topics in advanced financial accounting including consolidations, foreign operations, financial derivatives, and accounting for the environment. Prerequisites: Economics 150 and 155, or permission of instructor. Offered every other year.

157. Design of Adaptive Management Systems: Management as a Liberal Art. Staff
Develops a systematic process for managing organizations in the information economy under conditions of both rapid change and stability. Develops procedures for measuring relevant changes occurring outside and inside an organization so that management may respond successfully to these changes. Emphasizes the broad range of skills that are necessary to manage complexity including technical, measurement, analytical, and leadership skills. Connects performance measurement and technology with knowledge acquired in the liberal arts. Prerequisites: Economics 86 and 101, or permission of instructor. Offered every other year.

158. Auditing. Staff
A study of standards and independent verification procedures for business, government, and tax-exempt organizations; methods for surveying adequacy and effectiveness of accounting systems and internal controls; practice in applying auditing procedures and preparing working papers. Prerequisite: Economics 150. Offered every year.

159. Accounting Theory and Research. Massoud
An intensive study of the evolution and development of accounting standards, with emphasis on the normative rather than the descriptive model as well as enhancing the student's research capabilities. Prerequisite: Economics 150 or permission of instructor. Offered every year.