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Accounting (ACCT) Course Descriptions

Please note: The listings below include a number of courses that are appropriate for only those students pursuing the M.Acc. or M.B.T. degrees.

The number in parentheses ( ) following each course title refers to the number of units the course is/can be worth.

526 Global Accounting Experience (1.5) Cross-border transactions in the global economy examining accounting, legal, and tax environments, economic and political systems, and cultural differences. Includes international travel to selected region. (Open to only MAcc, MBT and JD/MBT students.)

528 Fair Value Accounting: GAAP, IFRS and Emerging Issues (1.5) Case study approach to explore fair value issues in accounting; research and analysis of causes of valuation differences.

530 Ethics for Professional Accountants (3) Provides the ethical grounding that accountants need to identify ethical issues and reconcile conflicts among competing stakeholder interests.

535 Management Accounting and Control Systems (3) Decision-making uses of management accounting information; cost system design; financial responsibility centers; planning and budgeting systems; performance measures and evaluation. Prerequisite: MBA-level Accounting and Financial Reporting course. (Duplicates credit in GSBA 518. Not appropriate for M.B.A., M.S.B.A., and M.M.S. students.)

536 Advanced Cost Analysis and Management Accounting (3) Analysis and design of systems that provide cost information useful in making strategic and operating decisions. Advantages and limitations of activity-based costing methods. Prerequisite: GSBA 518 or ACCT 535.

537 Performance Measurement, Evaluation, and Incentives (3) Financial responsibility centers, financial and nonfinancial performance measures, budgets and other targets, evaluation techniques and styles, incentives. Strategy implementation and execution. Corporate governance. Recommended preparation: Introductory managerial accounting course.

543 Introduction to Tax (3) Tax issues arising during a business' life, including formation, financing, operating, expanding, and dissolving. Cross-border transactions and non-U.S. tax systems discussed.

544 Introduction to Strategic Tax Planning (3) Principles of multijurisdictional business tax planning, using a conceptual framework, integrating finance, marketing and financial statement objectives. Recommended preparation: GSBA 518 or ACCT 535.

546 Auditing and Assurance Services (3) Concepts and principles governing independent professional services that provide assurance on the reliability and relevance of information, including financial statement information. Topics include demand and supply issues for these services, basic principles of evidence, risk assessment and testing.

547 Enterprise Information Systems (3) Focuses on accounting enterprise database models and information technology required to support those systems. Includes analysis and design of interfunctional process flows through reengineering to exploit technology capabilities.

548 Enterprise Systems: Design, Implementation, Security and Audit (3) Exploration of a number of areas including the role systems play in organizations, the technology that supports these systems and issues relating to technology risk, system/application security and system review/audit. Prerequisite: ACCT 547 or ACCT 371.

549 Advanced Enterprise Systems and Technologies (3) Design, control and development of advanced enterprise systems, using reengineering, focusing on accounting and financial systems, using a wide range of emerging existing technologies. Recommended preparation: MBA-level Information Management course or ACCT 547.

550T Tax Research and Professional Responsibilities (3) Tax law research methods; interpreting statutes, cases and rulings; communicating research results; administration and professional responsibilities of tax practice. Recommended preparation: introductory tax course.

551T Taxation of Partnerships and S-Corps (3) Federal taxation of flow-through entities, including: partnerships, S corporations, limited liability partnerships (LLPs) and limited liability companies (LLCs). Recommended preparation: ACCT 550T or ACCT 560T or LAW 600. (Open to only MAcc, MBT and JD/MBT students.)

552 Knowledge and Data Management (3) Managing knowledge using knowledge-based systems and contemporary knowledge management approaches (intranets) in order to enhance and facilitate decision making and manage accounting data and information in organizations. Recommended preparation: ACCT 547.

553T Tax Policy and Strategic Tax Planning (3) Introduction to business taxes and their impact on management decisions. For prospective managers and business consultants, topics include discounted cash flow, financial accounting, and overall business impacts of taxes on decision making. Recommended preparation: GSBA 518 or ACCT 535.

555 Enterprise Resource Planning Systems (2) Focuses on many facets of enterprise resource planning systems, such as SAP, including implementation approaches, risks, reengineering, data models and other emerging issues. Concurrent enrollment: ITP 555; Recommended preparation: ACCT 547 or ACCT 549.

557 Advanced Financial Statement Auditing Topics (3) Advanced coverage of topics in financial statement auditing including market effects of auditing, auditor litigation and client acceptance, errors and fraud, analytical procedures, and going-concern assessment. Prerequisite: ACCT 525x.

559 Strategy and Operations Through CFO Lens (3) Examination of strategic objectives and operations within specific industries and companies. Chief Financial Officers present how they view the business as a whole and measure performance effectively.

560T Tax Theory and Ethics (3) Taxation and its relationship to business and investment decisions; the effects of taxation on business organization, capital structure, policies, operation, and expansion. Recommended preparation: introductory tax course.

561T Income Tax of Corporations and Their Shareholders (3) Concepts and principles governing the taxation of corporations and their shareholders; the effect of taxes, corporate formation, capital structure, distributions and liquidations. Recommended preparation:  ACCT 550T or ACCT 560T or LAW 600. (Open to only MAcc, MBT and JD/MBT students.)

562 Methods and Motivations of Financial Reporting Fraud (1.5) Discover and analyze signals of major and frequently committed methods of fraudulent financial reporting; explore current reforms in financial reporting, auditing, and corporate governance. Recommended preparation:  GSBA 518 or ACCT 535.

563T Federal Estate and Gift Taxes (3) Taxation of decedents' estates and lifetime gifts; valuation of property subject to estate and gift taxes. Prerequisite: ACCT 550T and either ACCT 560T or LAW 600. (Open to only MAcc, MBT and JD/MBT students.)

567T Taxation of Transactions in Property (3) Taxation of gains and losses from sales, exchanges and other transactions involving property, especially real estate; tax planning. Prerequisite: ACCT 550T and either ACCT 560T or LAW 600. (Open to only MAcc, MBT and JD/MBT students.)

568T Taxation of Foreign Business Operations (3) Taxation of foreign income of U.S. citizens and corporations and of U.S. source income of foreign persons and corporations; planning for organization of foreign operations under the tax laws. Prerequisite: ACCT 561T.

569T Advanced Partnership Taxation (3) Advanced tax concepts involving partnerships and limited liability companies, designed to produce a level of expertise in Subchapter K of the Internal Revenue Code. Prerequisite: ACCT 551T.

570T State and Local Tax Concepts (3) State income taxes; property tax; other state and local taxes; the effect of state and local taxes on multistate operations. Prerequisite: ACCT 550T and either ACCT 560T or LAW 600.

571T Taxation of Individuals (3) Application of tax law in areas of compensation planning, investment planning, tax shelters, and current developments relating to the individual taxpayer. Prerequisite: ACCT 550T and either ACCT 560T or LAW 600.

572 Corporate Accounting and Reporting (3) A study of financial reporting and disclosure issues with an emphasis on the use of corporate financial statements and their accompanying footnotes. Not open to students with credit in equivalent subjects. Prerequisite: MBA-level Accounting and Financial Reporting course.

573T Federal Tax Procedure (3) Tax reporting and collection procedures; administrative and judicial procedures governing tax controversies; the rights and obligations of the taxpayer. Prerequisite: ACCT 550T and either ACCT 560T or LAW 600. (Open to only MAcc, MBT and JD/MBT students.)

574 Accounting in the Global Business Environment (3) Study of national and international accounting and business issues; global capital market changes; international accounting and business topics; cases and studies of specific business entities and countries. Prerequisite: GSBA 510 or GSBA 518 or GSBA 536.

575T Taxation of Financial Markets (3) Taxation of financial market products with focus on derivative products. Basics of tax forwards, futures, options, swaps, collars and floor. Time value of money considerations. Prerequisite: ACCT 561T.

576T Tax Consolidations (3) Concepts and principles of taxation of companies operating as consolidated groups. Prerequisite: ACCT 550T and ACCT 561T.

577T Compensation (3) Concepts of taxation of employers and employees from various forms of compensation, including pension plans, profit sharing plans, stock ownership plans, and deferred compensation arrangements. Prerequisite: ACCT 550T and ACCT 560T.

578T Advanced Corporate Taxation (3) Analysis of corporate divisions and reorganizations, carryovers, and other advanced topics in corporate taxation. Prerequisite: ACCT 561T.

579T Advanced International Taxation (3) Analysis of tax treaties, foreign currency transactions, international licensing, reorganization of foreign corporations, and other current topics as the law changes. Prerequisite: ACCT 568T.

580T Tax Accounting Methods (3) Concepts governing timing of recognition of income and deductions for income tax purposes. Covers differences between GAAP and income tax accounting for all taxpayers. Recommended Preparation: introductory tax course.

581 Financial Statement Analysis (3) Analysis of corporate financial reports from a decision-maker's perspective. This course is case-and-applications-oriented. Applications include credit analysis, equity valuation, and financial distress. Prerequisite: MBA-level Accounting and Financial Reporting course.

582 Accounting for Mergers and Acquisitions (3) Theoretical and practical problems in accounting for business combinations: purchase and pooling-of-interests accounting; consolidated financial statements; income tax considerations; International Accounting Standards. Prerequisite: MBA-level Accounting and Financial Reporting course.

583 Income Tax Accounting and Auditing (3) Examination of FAS 109 and roles of auditors, tax professionals and corporate financial personnel in preparing, analyzing and reviewing accrual of income taxes. Recommended preparation: intermediate accounting and introductory tax course.

584 Family Wealth Preservation (3) Analysis of transfer of property during lifetime or at death from a tax saving perspective.

585 Professional Responsibilities in Accounting (3) A case study approach to the integration of accounting and auditing knowledge; research, communication, and interpersonal skills developed through extensive written and presentation requirements. Recommended preparation: ACCT 572.

586 Financial Reporting Topics and Analysis for Tax Professionals (3) Explores the technical financial accounting skills needed for an entry-level tax professional with emphasis on an understanding of financial statements and accounting for income taxes. Exposure to the preparation of corporate tax returns with the integration to the financial reporting of a corporation. Recommended preparation: introductory financial accounting or accounting class for lawyers.

587 Forensic Accounting (1.5 or 3) Role of the accountant in litigation matters. Identification and exploration of the analytical and communication tools necessary to be an effective forensic accountant. Prerequisite: ACCT 572.

588 Analysis and Implications of SEC Registration and Reporting (3) Legal, institutional, and economic implications of being a U.S. public company. The Securities and Exchange Commission and its influence on investors, management, underwriters, and accountants. Recommended preparation: ACCT 572.

592 Field Research in Accounting (.5-4, repeatable subject to approval by the student's degree program director) Individual or team projects studying the business practices of an industry, company, government agency, country, geographic region, etc. Proposal, data collection, analyses, and written report. Recommended preparation: completion of required M.B.A., M.Acc., or M.B.T. course work. Graded CR/NC.

593 Independent Research in Accounting (.5-4 repeatable subject to approval by the student's degree program director) Individual research beyond normal course offerings. Proposal, research and written report/paper required. Recommended preparation: completion of required M.B.A., M.Acc., or M.B.T. course work. Graded CR/NC.

595 Internship in Accounting (.5-2 repeatable; units credited toward degree usually limited to 1) Supervised on-the-job business experience in the field of Accounting. (Curricular Practical Training) Recommended preparation: completion of required M.B.A., M.Acc., or M.B.T. course work.  Graded CR/NC.

596 Research Practicum in Accounting (.5-2 repeatable subject to approval by the student's degree program director) Hands-on practical experience working with a Leventhal faculty member on an ongoing research project. Recommended preparation: completion of required M.B.A., M.Acc., or M.B.T. course work. Graded CR/NC.

597 Consulting Project in Accounting (.5-5 repeatable subject to approval by the student's degree program director) Individual or team projects solving real business problems for an existing business entity, domestic and/or international. Proposal, field research, analyses and oral and written presentations. Recommended preparation: completion of required M.B.A., M.Acc., or M.B.T. course work. Graded CR/NC.

599 Special Topics (1, 1.5, 2, or 3, max 6) Examination of current literature and research techniques in contemporary accounting areas including tax, auditing and international accounting.

Not all courses are offered every semester. To view class schedules, please visit the USC Schedule of Classes at

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