Graduate Curriculum

3 hr.; 3 cr. Prereq.: Open to students who have completed an undergraduate degree in Accounting or who have completed the graduate core coursework for the MS in Accounting, or the MS in Risk Management Accounting/CPA concentration or permission of the department. This course focuses on the philosophical aspects of the professional accountant’s relationship with clients and third parties. Accordingly, the Code of Professional Conduct issued by the American Institute of CPAs (AICPA) is examined in detail. The auditing pronouncements issued by the AICPA are analyzed in detail. Requirements of the Securities and Exchange Commission are also explored. Other areas scrutinized are compilation and review, attestation engagements, statistical sampling and auditing in an electronic data processing environment. The case method is used in solving problems of a more complex nature.

3 hr.; 3 cr. Prereq.: Open to students who have completed an undergraduate degree in accounting or who have completed the graduate core coursework for the MS in Accounting or the basic core coursework for the MS in Risk Management, or permission of the department. The examination, both verbally and non-verbally, of communications required in the business life of an accountant. The objectives of this course will be to enhance the ability to write, speak, and listen more effectively in the business environment. Topics covered will be writing a resume and a job application for an accounting position, writing instructions to staff for an audit, writing a letter to a client on the results of an audit, preparing an analysis of an annual report, communicating during an interview and a business meeting, listening skills, and preparing a financial presentation with multimedia aids.

3 hr.; 3 cr. Prereq.: Open to students who have completed an undergraduate degree in accounting or who have completed the graduate core coursework for the MS in Accounting, or the MS in Risk Management Accounting/CPA concentration, or permission of the department. Methods and techniques of using accounting as an information system. The design, analysis, installation, and evaluation of a system, either manual or computer-based, will be covered. Topics will include accounting systems theory, design theory, accounting file structure, implementation, maintenance, and evaluation of the system. General ledger software and database programs will be discussed and used in the classroom. The use of the Internet and expert systems as they relate to accounting information will be included.

3 hr.; 3 cr. Prereq.: Open to students who have completed an undergraduate degree in accounting or who have completed the graduate core coursework for the MS in Accounting or the MS in Risk Management Accounting/CPA concentration, or permission of the department. This course focuses on the taxation of the primary forms of business entities: sole proprietorship, corporations, including S corporations, and partnerships, including limited liability companies (LLCs). The decision process necessary to select a particular type of business entity as well as the tax advantages and disadvantages inherent in the operations, liquidation, and termination of these entities will be stressed. Emphasis is placed on tax planning, problem-solving, and research.

3 hr.; 3 cr. This course focuses on accounting, financial reporting, and auditing relevant to governmental and not-for-profit entities. Financial information that is required internally by public officials and governmental and not-for-profit managers is discussed. The financial reporting standards covered are those of the Government Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB). Auditing standards set out in the “Yellow Book” issued by the General Accounting Office (GAO) and by the Office of Management and Budget (OMB) circulars of the Federal Office of Management and Budget are discussed. The “single audit” approach is covered. The foundation of accounting and reporting for governmental entities is developed in terms of public goods theories of governmental activities.

3 hr.; 3 cr. This course utilizes various data analytic tools (Excel, IDEA, “R:, Python, Tableau, XBRL) used by accounts and CPAs in auditing, taxation, consulting services, industry and government and not for profit firms. Case studies emphasize hands-on learning both individually and working in teams. Assignments will develop the data analytic skills valued by employers.

2 hr. plus conference; 3 cr. Prereq.: BUS 241 or equivalent. Students who have taken BUS 341 will not receive credit for this course. The theory of investor and firm behavior in financial markets under uncertainty. Among the topics discussed are portfolio theory, the capital asset pricing model, arbitrage pricing theory, asset valuation theory, and optimum firm decision-making rules with regard to capital budgeting, capital structure, and dividend policy.

3 hr.; 3 cr. Prereq. or coreq.: Undergraduate degree in accounting or completion of Graduate Core Curriculum: ECON 601; ECON 602; ECON 649; and ACCT 600, or permission of program director. RM 701 is recommended. This course examines risk transfer to insurance markets. Topics covered will include the variety of ways that risk transfer can occur, including quota share and excess of loss agreements, catastrophe bonds, captives, reciprocals, segregated cells, and their structuring, such as retentions, limits, corridors, collateralization, reinstatement, and commutation provisions, and structured/financial insurance. Insurance products will be evaluated for their efficiency in risk transfer. How effective insurance markets are relative to capital markets will be evaluated in terms of terms and conditions, pricing, and basis risk.

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3 hr.; 3 cr. This course examines the laws of state and local taxation with a particular emphasis on the tax laws of the State of New York. Income, corporate franchise, inheritance, and sales taxes are studied where appropriate, distinguished from the rules of federal taxation that apply. Both substantive and procedural rules are studied. Problems of multistate residence and taxation, related constitutional issues, and conflict of laws are studied. The course addresses ongoing compliance issues as well as tax dispute resolution mechanisms such as making and pleading disputes to the Tax Tribunal.

3 hr.; 3 cr. This course focuses on the rules and regulations governing Estate and Gift Taxation and the administration of estates. Topics covered include the rules and regulations governing gifts and bequests, both from the standpoint of tax compliance and tax planning. The administrative rules governing probate administration are covered, as is the role of the accountant in the administrative process.

3 hr.; 3 cr. Prereq.: Open to students who have completed an undergraduate program in accounting or who have completed the graduate core coursework for the MS in Accounting, or the MS in Risk Management Accounting/CPA concentration, or permission of the department. This course examines the Uniform Commercial Code, with particular emphasis on sales law, commercial paper, and the laws of secured transactions. Laws relating to bankruptcy, suretyship, as well as laws specifically applicable to accountants’ professional responsibilities, including securities laws and corporate governance, will also be examined.

2 hr. plus conference; 3 cr. Prereq.: One semester of calculus and ECON 249 or equivalent. Analysis of the classic single equation regression models (simple and multiple), simultaneous equation models, and special problems associated with time series and qualitative data.

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2 hr. plus conference; 3 cr. Examination of the sources and uses of funds in financial markets; market structure of interest rates; flow-of-funds analysis.

2 hr. plus conference; 3 cr. Structure of the American economy; governmental policies aiming at the preservation of competition in industrial markets and regulation of trade practices.

2 hr. plus conference; 3 cr. Introduces students to major subject areas, theories, and research tools of urban and regional economics and their applications

2 hr. plus conf.; 3 cr. The history of business in American life, emphasizing the development of organization systems and management techniques as well as the interrelation of business with other social institutions.

2 hr. plus conf.; 3 cr.

2 hr. plus conf.; 3 cr. This course offers a comprehensive survey of the field of public administration, from the philosophical underpinnings of government activities to the structure and function of present-day state and local government programs and agencies.

2 lec. hr. plus conf.; 3 cr. The behavioral science principles that can be applied to employee-employer relationships are considered. Basic problems such as personnel promotion, motivation, training, measurement of job satisfaction, increasing worker efficiency, and merit ratings are reviewed from the standpoint of the psychologist in industry.

2 hr. plus conf.; 3 cr. An applied course stressing succinct and meaningful communication. The course will include proposals, analytical reports, and presentations. Essential concepts will be drawn from a wide variety of professional experiences

2 hr. plus conf.; 3 cr. This course explores issues of organization and management of government and non-profit organizations with an emphasis on applying research and theory to case studies of government and non-profit organizations.

2 hr. plus conf.; 3 cr. This course is devoted to the study of management in local and state government and the nonprofit sector. Defining the unique characteristics of public management is one of the goals of the course. Another is to provide an understanding of what government and nonprofit managers actually do. Finally, the course is intended to develop skills that are essential to effective public management. The course relies heavily on the case method approach, which is intended to simulate the world of actual managers and the processes of management decision-making.

2 hr. plus conf.; 3 cr. This course examines contemporary government budgeting practices within the context of urban politics, public administration, collective bargaining, and federal and state impacts on local budgeting. The emphasis is on the budgeting process in New York City, beginning with the role of the fiscal crisis of 1974–75 in reforming City government budgeting.