| Accounting
Accounting 501 or its equivalent is a
prerequisite for all Accounting courses.
Offered every semester
A study of basic accounting concepts and
methods and their significance to management and to the
financial analyst. Topics include an introduction to financial
statement analysis, the measurement of income and capital,
accounting for fixed assets, inventory costing and price
level changes, measuring and accounting for corporate debt,
corporate investment in securities, and computer applications
in accounting. This course does not require previous training
in accounting. Three credits.
Not open to Accounting
or Taxation majors
Offered on occasion
A survey of accounting
principles, followed by an introduction to the use of accounting
in various professions and industries to augment and enhance
profitability and productivity. Students are introduced
to budgetary planning, to understanding and evaluation of
financial statements and to the integration tax planning.
Computer applications are utilized throughout. Designed
for the student who is not pursuing a specialization in
accounting. Three credits.
Offered every Fall
An examination of accounting
systems from the point of view of their objectives: effective
internal control and integration with the total information
system. Includes review of computer-based information systems
and their applications to new or revised systems of accounting.
Three credits. (45 CPE credits)
Offered every Spring
A study of budgetary and
fund accounting systems; preparation of significant reports
for nonprofit organizations; and case studies and problem
materials to use in government entities such as municipalities
or school districts. Three credits. (45 CPE credits)
Offered every Fall
An examination of the
principles of internal auditing as they apply to large corporate
enterprise. Three credits. (45 CPE credits)
Prerequisite: Accounting
131 or 501
Offered every Spring
Selected classes and problems
provide the forum for the discussion of current cost concepts
and their applications and limitations. The aim is to develop
students’ ability to analyze business problems and
to make decisions concerning the appropriateness of cost-accounting
methods in specific situations. Three credits. (45 CPE credits)
Offered Spring 2002
An examination of the
practice of controllership in general and of dealing with
budgets and business costs in particular. The installation
and operation of budget systems for managerial control is
considered as is the advance planning of operating goals
with subsequent study of actual results. Three credits.
(45 CPE credits)
Offered every Fall
An analysis of financial
trends and corporate reports for solvency, quality of earnings
and forecasting implications. Analytical techniques for
financial analysis and their use in development of capital
markets and instruments are reviewed and discussed, as are
the principles and practices of the Securities and Exchange
Commission. Three credits. (45 CPE credits)
Prerequisite: Accounting
142b or the equivalent or permission of the Department chair
Offered every Spring
A study of auditing concepts
and methods embodying standard auditing procedures as well
as departures. Audit evidence, sampling, diagnostic analysis,
internal control evaluation and its effect on test of transactions,
and problems encountered in statement preparation are reviewed
and discussed. Three credits. (45 CPE credits)
Prerequisite: Accounting
742 or permission of the Department chair
Offered every Fall
A review and exploration
of the concepts and developments relating to financial accounting
and reporting for business enterprise. SFAS’s and other
recent pronouncement and analyzed in depth; problem solving
is stressed. Three credits. (45 CPE credits)
Prerequisite: Accounting
737 or permission of the Department chair
Offered every Spring
An in-depth study of advanced
subject matter, including recent professional qualifying
examinations. Topical material focuses on income taxes,
not-for-profit accounting, managerial accounting and cost
concepts. Individual research is encouraged. Three credits.
(45 CPE credits)
Offered Fall 2001
Insight into the international
accounting environment from the view point of the U.S. multinational
organization. Accounting principles, SEC regulations and
other government regulations discussed for their relevance
to international accounting. Three credits. (45 CPE credits)
Law
Offered on occasion
A survey of the American
legal system as it affects American business. Areas studied
include constitutional law, contract law, agency, negotiable
instruments, property, partnerships and corporations, labor,
antitrust and securities laws, and problems of managerial
and directorial liability. Three credits.
Offered Fall 2000
A study of the subjects
required to pass the law portion of the CPA examination.
Introduction is made to the law and the legal system, torts,
contracts, agency, personal property, real property, partnerships
and corporations. This is the first of two required law
courses for CPA students, and it is recommended for all
graduate business students as an elective. Three credits.
Prerequisite: Law
790 or the equivalent
Offered Spring 2001
A consideration of the
study of legal topics covered in the CPA examination. The
course covers sales, secured transactions, commercial paper,
estates and trusts, antitrust law, securities regulation,
employment law, accountants’ professional responsibilities,
bankruptcy, suretyship and insurance. Three credits.
Taxation
Accounting 501 or
GBA 510 and Taxation 716 or equivalent are prerequisites
for all graduate Taxation courses.
Offered every Fall
A study of the determination
of income, deductions and exemptions in computing taxable
income and tax liability of individuals, including the general
rules applicable to all tax entities. Ordinary income, capital
assets, gains and losses, involuntary conversions and tax-free
exchanges, depreciation methods, passive activities, portfolio
income, and alternative minimum tax are all examined. Three
credits. (45 CPE credits)
Offered every Fall
A study of the following:
choice of entity for conducting business; taxation of corporations,
partnerships, and S corporations; tax accounting methods
and taxable years; tax credits; alternative minimum tax,
and reconciliation of book and taxable income; and corporate
redemption and liquidations. An overview of corporate reorganization
is included. Three credits. (45 CPE credits)
Offered every Fall
An advanced course in
current tax practices and planning methods, with emphasis
on planning, formation, operation and liquidation of corporate
entities. Some topics considered are the effects of tax-free
incorporation, personal holding companies, professional
corporations, accumulated-earnings tax and “collapsible”
corporations. Three credits. (45 CPE credits)
Offered every Spring
An
advanced course in the provisions governing the taxation
of partnerships, S corporations, limited liability entities
and their partners/sharehoders. Tax compliance and tax reporting
for such pass through entities are covered. The tax advantages,
the opportunities inherent in the choice of such entities,
and the detriments and traps for the unwary are reviewed.
Three credits. (45 CPE credits)
Offered every Fall
A study of tax-related
factors that enter into the planning of estates for various
types of taxpayers, such as those with closely held business,
investors, professional persons and corporate executives.
Included are studies of federal estate and gift taxes and
their effects on estate planning; the role of trusts in
estate planning; and estate planning methods available to
reduce tax liabilities. Three credits. (45 CPE credits)
Offered on occasion
An examination of federal
income tax and other business taxes that influence management
decisions. Consideration is given to the major types of
business transactions affected, including financing of a
corporation, acquisitions and dispositions, and the purchase,
leasing and maintenance of plant equipment. Three credits.
(45 CPE credits)
Offered every Spring
An analysis of state and
local taxes affecting individuals and businesses in the
tristate area (New York, New Jersey and Connecticut). Included
is a study of issues involving residency and nonresidency,
domicile, and sources of income taxed in each jurisdiction.
New York State income, sales and general business taxes,
rent taxes, and franchise taxes are covered. Three credits.
(45 CPE credits)
Offered Spring 2001
A study of reorganizations,
recapitalizations, stock redemptions, acquisition and disposal
of assets, mergers, divisive reorganizations, and corporate
liquidations. Three credits. (Prerequisite:
Taxation 723 or the equivalent (45 CPE credits)
Prerequisite: Taxation
723 or the equivalent
Offered on occasion
A study of U.S. corporations
doing business in foreign countries; U.S. taxation of foreign
income and foreign tax credits; allocation of income among
related entities; and tax treaties. Three credits.(45
CPE credits)
Prerequisite: Taxation
723 or the equivalent
Offered Spring 2002
An analysis of current
trends in federal taxation. Tax cases, rulings and new developments
are examined for their significance to the tax practitioner.
Three credits. (45 CPE credits)
Offered Spring 2001
A review of the organization
of the Internal Revenue Service. Selection of returns of
audit, protests and conference rights, tax fraud, statute
of limitations, and claims for refund are studied. In addition,
research techniques such as the use of tax services, court
decisions and rulings are emphasized. Three credits.(45
CPE credits)
Offered on occasion
An insight into IRS examination
practices and an opportunity to exchange views with IRS
personnel, who will serve as participating faculty. The
course includes topics such as auditing through the corporate
balance sheet, coordinated examination programs, computer
audit techniques, bankruptcy, and IRS authority to obtain
information and documents. Three credits. (45 CPE credits)
Prerequisite: Law
790 or the equivalent
Offered Spring 2002
An introduction to employee
benefit plans that covers the analysis of types of plans
that can be established by the employer; reviews tax rules
involving participation, vesting, deduction limitations,
benefit limitations and other requirements for plan qualification;
and considers group insurance, flexible benefit plans, IRAs
and simplified employee pensions (SEPs). Three credits.
(45 CPE credits)
Prerequisite: Taxation
780 or the equivalent
Offered every three semesters
A study of the taxation
of distributions from qualified plans, including alternate
methods of payment of plan benefits; loans from plans and
constructive receipt problems; advantages and disadvantages
of lump-sum distribution from plans; the interrelationship
between plan death benefit distributions and estate taxation;
IRS audits of qualified plans; plan disqualification and
its impact on the employer and the employee; plan termination
rules and government regulation of plan termination; and
IRS rulings and tax cases involving plan distributions and
plan disqualification. Three credits. (45 CPE credits)
Prerequissite : Taxation 780
Offered on occasion
This course covers : design of plan
benefit formulas including actual case studies; Social Security
integration of pension and profit sharing plans ;plan funding
requirements, funding deficiencies, funding penalties and
hardship waivers, role of the enrolled actuary and acturial
concepts and terminology; actual preparation of IRS pension
returns and an overview of financial accounting for pension
costs. Three credits. (45 CPE credits)
Prerequisite: Taxation 780
Offered on Occasion
This course covers : plans governed by the
reporting and disclosure requirements under the Employee
Retirement Act of 1974 (ERISA); Summary plan Descriptions,
Summary Material Modifications and Updated Summary Plan
Descriptions; annual reports and Summary annual reports
and triennial reporting ,accountants' reports and Summary
Annual Reports; disclosure information available to plan
participants; fiduciary responsibility and liability; claims
procedure and participant-rights prohibited transactions;
exemptions and fiduciary insurance. Three credits. (45 CPE
credits)
Prerequisite: Taxation
780
Offered on occasion
This Course covers: non-qualified
deferred compensation arrangements; life insurance, medical
and dental plans, prepaid legal plans, stock options, thrift
plans, stock purchase plans, ESOPs, 401k plans, cafeteria
plans, VEBAs, Educational Benefit Trusts and other employee
fringe-benefit programs. Three credits
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