Curriculum

Master of Science in Accounting Curriculum

Fall 2019/Spring 2020

Maryland Smith’s curriculum is interactive, data-focused and adjusts to reflect the trends of the modern business world. The courses you’ll take are taught by knowledgeable scholars and experts with years of experience leading others in their field.

Financial Statement Analysis for Accountants and Auditors
2 credits | BUAC 707

Provides students with the tools to conduct a financial statement analysis, which is part of an overall business analysis. This involves understanding and using the information that financial statements are communicating to users.

Business Communications for Accountants and Auditors
2 credits | BUAC 712

Focuses on the art of communication and its effects on people, organizations, and other stakeholders. The course will focus on two aspects of business communications: persuasion and effective presentations. The objective for the persuasion sessions is to have students improve upon their day-to-day oral business communications skills. This will be accomplished as participants learn to tailor each communication to the person or people with whom they are speaking.

Advanced Managerial Accounting and Control Systems
2 credits | BUAC 710

Focuses on topics that emphasize the role of managerial accounting in a firm's overall management planning and control structure. A key concern is to show how effective organizations ensure that the parts of the organization work together to create the whole, and how the sum of the parts, through synergy, can indeed be greater than the whole. 

Forensic Accounting/ Auditing
2 credits | BUAC 714

Provides a theoretical background and practical application of fraud examinations and corporate investigations. Fraud prevention, detection, investigation, and related matters such as courtroom procedures will be included. Also considered are topics such as FCPA and securities fraud. A wide variety of teaching tools are used. 

Essentials of Negotiation
2 credits | BUAC 723

This highly experiential course will improve students' negotiation skills and capacity to acquire and effectively use bargaining power. By using a variety of assessment tools, feedback sources, skill-building exercises, and exercise debriefings, the class will increase students' negotiating self-confidence and improve their capacity to claim value and achieve win-win solutions to individual, team, and organizational problems. The course is designed to enhance students' negotiating self-confidence and improve students' analytical and decision-making skills (e.g., understanding bargaining zones, knowing when an agreement can be made and when to walk away; learning how to prepare for negotiations), interpersonal skills, creativity (e.g., identifying creative solutions to conflict), and persuasive abilities.

Systems for Data Analysis
2 credits | BUAC 758S

Intermediate Accounting II
2 credits | BUAC 732

Continuing the study of accounting information covering accounting principles found in US GAAP and IFRS as they apply to cash and receivables, inventory valuation, acquisition and disposition of plant, property and equipment, depreciation, impairments and depletion, intangible assets, current liabilities and contingencies, long-term liabilities, and stockholders equity.

Federal Income Tax of Individuals
2 credits | BUAC 758F

Federal taxation of individuals focusing on income, exclusions, deductions, depreciation, credits and capital transactions. Property coverage includes the tax consequences of sales and dispositions of investment and business assets. Also covers basic taxation and key applicable tax forms.

External Auditing
3 credits | BUAC 735

Business Law for Managers
2 credits | BUAC 721

Taxation of Individuals
2 credits | BUAC 762

Federal taxation of individuals focusing on income, exclusions, deductions, depreciation, credits and capital transactions including home ownership. Property coverage includes the tax consequences of sales and dispositions of personal use assets, investment and business assets. Both tax planning and compliance issues are also covered. In addition the course covers waged based and equity-based compensation, taxable and nontaxable benefits as well as deferred compensation and various retirement plans.

Advanced Accounting
3 credits | BUAC 758U 

Taxation of Corporations & Other Entities
2 credits | BUAC 764

Students have the opportunity to gain an understanding of the basic tax competencies required for determining the appropriate tax structure for businesses; issue identification; active listening; solving tax problems.

Real Estate Taxation
2 credits |  BUAC 767

International Taxation
2 credits | BUAC 770

State and Local Taxation
2 credits | BUAC 772

Taxation of Not-For-Profit Entities
2 credits | BUAC 766

Valuation for Accounting
2 credits | BUAC 758B

This course has been designed to provide an introduction to valuation for financial reporting (“fair value”), fair value reporting, and auditing fair value measurements. The number and complexity of financial reporting standards that require or allow assets and liabilities to be reported at fair value has increased substantially in recent years. The technical accounting standards that include fair value are complex in and of themselves, and the valuation measurements add substantially to the complexity. The shift in capital markets from public to private equity combined with the trend in financial reporting from cost based to fair value based makes it imperative that accountants and auditors increase their fair value measurement and reporting skills and knowledge. The course will cover current trends in fair value, the fair value reporting process and technical accounting standards, business combinations, impairment testing, alternative investments, and auditing fair value measurements. This course is intended to provide the foundation for developing these skills, and provide students a competitive advantage in the marketplace.

Valuation for Accounting
2 credits | BUAC 758B

This course has been designed to provide an introduction to valuation for financial reporting (“fair value”), fair value reporting, and auditing fair value measurements. The number and complexity of financial reporting standards that require or allow assets and liabilities to be reported at fair value has increased substantially in recent years. The technical accounting standards that include fair value are complex in and of themselves, and the valuation measurements add substantially to the complexity. The shift in capital markets from public to private equity combined with the trend in financial reporting from cost based to fair value based makes it imperative that accountants and auditors increase their fair value measurement and reporting skills and knowledge. The course will cover current trends in fair value, the fair value reporting process and technical accounting standards, business combinations, impairment testing, alternative investments, and auditing fair value measurements. This course is intended to provide the foundation for developing these skills, and provide students a competitive advantage in the marketplace.

Accounting Analytics
2 credits | BUAC 758G

This course will discuss the application of data analytics techniques in accounting. Topics such as data cleaning and preparation, data visualization, audit data analytics and generating key performance indicators will be covered. Students will gain hands-on experience with the whole data analytics process. We will start from identifying questions that can be addressed with data, and then test the data, refine testing and finally, communicate those findings to stakeholders. By the end of this course, the students should have a basic understanding on how accounting analytics can help enhance the effectiveness of management control systems and improve the quality and relevance of financial reporting, as well as its implications in auditing and fraud detection.

Internal Auditing I: Conceptual and Institutional Framework
2 credits | BUAC 752

Provides students with an overview and basic understanding of internal auditing. Internal audit's role in internal control, risk management, business processes and risks, and Sarbanes-Oxley, Section 404 compliance efforts compliance efforts are considered. Internal auditing is presented as an integral part of effective corporate governance. Examples of assurance and consulting activities undertaken by the internal audit function, as well as the sourcing strategy (i.e., full insourcing, co-sourcing or full outsourcing models) are discussed. Students are introduced to internal control theory, test design concepts and internal auditing best practices.

Information Security, Audit and Control
2 credits | BUAC 756

Builds on basic information technology (IT) courses, focusing on key issues including IT security, IT controls, and IT auditing. Addressing issues such as auditing a computer information system; assessing risks; identifying control objectives; identifying appropriate audit procedures; learning the concepts and basic features or audit software thereby providing the tools for choosing audit software; conducting an operational audit basic controls over computer information systems; and developing world-class IT control frameworks.

Auditing with Automated Procedures
2 credits | BUAC 758E

Applied Research for Accounting and Auditing
2 credits | BUAC 758H

Research on Accounting and Economic Cybersecurity
2 credits | BUAC 758Q

0 Credits | BMGT099 | Download Sample Syllabus

This online course allows you to gain academic recognition for completing an internship in your area of study. This course is offered through Maryland Smith’s Office of Career Services (OCS).

  • The course is offered in fall, winter, spring and summer semesters.
  • You’ll apply the business concepts you learn in class to the real world. Gain more industry insight, clarify your career goals, and develop your professional and technical skills.
  • Assignments include completing a work log, reflection activity, LinkedIn post and employer survey. All are completed virtually using Canvas.

Prerequisites and Guidelines

Prior approval from OCS is required to register for the course. More information on this process can be found in the Registration Process, Process Map and Registration Approval Checklist documents. To be approved, you must:

  • Be in good academic standing. 
    You must be a current student enrolled in a specialty master’s program for at least two consecutive semesters. You must also have a GPA of 3.0 or higher.
  • Meet the working hours requirement and location guidelines. 
    You must work at least 75 hours at your internship during that semester. Depending on which semester you enroll, workplace location guidelines may also apply.
  • Update your Internship putcome and complete an Experiential Learning profile. 
    Submit your information on HireSmith and upload the following forms to your Experiential Learning profile:

Special Guidelines for International Students

Registration in this course does not guarantee Curricular Practical Training (CPT). However, this course does fulfill the academic requirement for CPT. Authorization is granted by the Office of International Student and Scholars and Services (ISSS). Once you are enrolled in this course, see ISSS for more details on CPT authorization.

For questions about the course and receiving internship credit, email Angela Vaughn, director of Specialty Master’s Programs for OCS, at BMGT099@rhsmith.umd.edu.

Robert H. Smith School of Business
Map of Robert H. Smith School of Business
University of Maryland
Robert H. Smith School of Business
Van Munching Hall
College Park MD 20742