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Curriculum

12 Months, 30 Credits

The Saunders Master of Science in Accounting program at RIT is designed to satisfy New York State requirements for students with an undergraduate degree in accounting to sit for the CPA exam and attain CPA licensure.

Students may complete the program on a full-time or part-time basis, with the full-time program beginning exclusively in the fall semester. A more specific and technologically focused approach of the program is reflected in the courses unique to this track, such as: Accounting Information Systems, and Comparative Financial Statement Analysis

The program of study consists of 10 courses and a comprehensive exam based on the accounting courses completed by the student. The exam will be administered at the end of the student’s last term. Students must pass the exam to earn their degree.

Curriculum for current and past students

Current students and alumni – please visit the Office of the Registrar for a History of Course Catalogs to view and download official degree requirements pertaining to the academic year you began your degree.

Curriculum

Accounting, MS degree, typical course sequence

Course Sem. Cr. Hrs.
ACCT-645
Accounting Information and Analytics
This course combines information systems concepts and accounting issues. In this course, we discuss the conceptual foundations of information systems, their applications, the control and auditing of accounting information systems, and the system development process. Topics include the business process, e-business, relational database, database design, computer fraud and security, accounting cycle, system analysis and AIS development strategies. Students analyze accounting information systems topics through problem solving, group projects, presentations, exams, and case studies.
3
ACCT-707
Advanced Accounting
Study of the application of generally accepted accounting principles and international financial reporting standards to business enterprises, including corporations with investments in subsidiaries, domestic and international, and partnerships. Issues involving consolidated financial statements, including international topics, are considered. Also examined are objectives for not-for-profit and governmental entities, and how these objectives affect their financial accounting and reporting.
3
ACCT-708
Auditing and Professional Responsibility
A study of the legal, ethical, and technical environment in which the auditor works. Current auditing theory, standards, procedures, and techniques are studied. The audit process is studied to ascertain how it leads to the development of an audit opinion.
3
ACCT-710
Tax Analysis and Strategy
A continuation of Basic Taxation. Emphasis is on tax treatment of property transactions and taxation of business entities. Also covers the use of technology to prepare complex returns and to research tax issues.
3
ACCT-738
Information Systems Auditing and Assurance Services
An examination of the unique risks, controls, and assurance services resulting from and related to auditing financial information systems with an emphasis on enterprise resource systems.
3
ACCT-740
Comparative Financial Statement Analysis
This course is designed to prepare students to interpret and analyze financial statements effectively. Explores in greater depth some of the financial reporting topics introduced in the core accounting course and includes a discussion of International Financial Reporting Standards.
3
ACCT-795
Financial Accounting Theory and Research
This course examines the theoretical concepts, definitions, and models espoused in the accounting literature and relevant to analyzing various contemporary issues in financial accounting and reporting. It also considers the historical development of accounting standards, contemporary issues in financial reporting including international standards, and research methods used to determine the appropriate methods to comply with accounting standards. Course requires writing and student presentations.
3
Electives
9
Comprehensive Exam
0
Total Semester Credit Hours
30

Electives

Accounting
Course
ACCT-645
Accounting Information and Analytics
This course combines information systems concepts and accounting issues. In this course, we discuss the conceptual foundations of information systems, their applications, the control and auditing of accounting information systems, and the system development process. Topics include the business process, e-business, relational database, database design, computer fraud and security, accounting cycle, system analysis and AIS development strategies. Students analyze accounting information systems topics through problem solving, group projects, presentations, exams, and case studies.
ACCT-704
Corporate Financial Accounting I
A comprehensive exposure at an intermediate level to financial accounting theory and practice under U.S. Generally Accepted Accounting Principles. Emphasis is placed on applying underlying accounting theory to complex accounting and reporting problems. The effects of alternative accounting methods are considered. International Financial Reporting Standards are introduced as they relate to course subject matter.
ACCT-705
Corporate Financial Accounting II
Continuation of Corporate Continuation of Corporate Financial Reporting I with emphasis on equity and special measurement and reporting problems. Topics include liabilities and contingencies, stockholders equity, earnings per share, pensions, leases, revenue recognition, income tax accounting, and the statement of cash flows. International Financial Reporting Standards are introduced as they relate to course subject matter.
ACCT-706
Cost Management
The development and use of cost data for external reporting and internal cost management (planning and control). Topics include job costing, process costing, joint product costing, cost reassignments, standard costs, activity-based costing, decentralization and transfer pricing, and cost variances. Consideration is given to manufacturing, service and retail organizations.
ACCT-707
Advanced Accounting
Study of the application of generally accepted accounting principles and international financial reporting standards to business enterprises, including corporations with investments in subsidiaries, domestic and international, and partnerships. Issues involving consolidated financial statements, including international topics, are considered. Also examined are objectives for not-for-profit and governmental entities, and how these objectives affect their financial accounting and reporting.
ACCT-708
Advanced Topics in Auditing and Assurance
A study of the legal, ethical, and technical environment in which the auditor works. Current auditing theory, standards, procedures, and techniques are studied. The audit process is studied to ascertain how it leads to the development of an audit opinion.
ACCT-709
Basic Taxation
A basic introductory course in federal income taxation. Emphasis is on taxation of individuals and sole proprietorships. Topics include income measurement and deductibility of personal and business expenses.
ACCT-710
Tax Analysis and Strategy
A continuation of Basic Taxation. Emphasis is on tax treatment of property transactions and taxation of business entities. Also covers the use of technology to prepare complex returns and to research tax issues.
ACCT-711
Internal Auditing
Course explores the role of the internal audit function in the management of companies. Topics include internal vs. external auditing, internal control issues, reliability and integrity of information; compliance with policies, procedures, laws and regulations; efficiency of operations. Ethical considerations affecting the internal audit function are introduced.
ACCT-738
Information Systems Auditing and Assurance Services
An examination of the unique risks, controls, and assurance services resulting from and related to auditing financial information systems with an emphasis on enterprise resource systems.
ACCT-740
Comparative Financial Statement Analysis
This course is designed to prepare students to interpret and analyze financial statements effectively. Explores in greater depth some of the financial reporting topics introduced in the core accounting course and includes a discussion of International Financial Reporting Standards.
ACCT-741
Cases in Forensic and Fraud Examination
Overview of the nature of occupational fraud and how it is committed including an introduction to the actions that can be taken to determine the presence of occupational fraud and procedures that can be implemented to deter fraud. Also covered is the proper manner in which allegations of fraud should be investigated and documented to meet the requirements of civil/criminal court procedure. Course is principally taught through case study.
ACCT-758
Seminar in Accounting*
Special topics seminars offer an in-depth examination of current events, issues and problems unique to accounting. Specific topics will vary depending upon student and faculty interest and on recent events in the business world. Seminar topics for a specific semester will be announced prior to the course offering. These seminars may be repeated for credit since topics normally vary from semester to semester.(Depends on topic)
ACCT-795
Financial Accounting Theory and Research
This course examines the theoretical concepts, definitions, and models espoused in the accounting literature and relevant to analyzing various contemporary issues in financial accounting and reporting. It also considers the historical development of accounting standards, contemporary issues in financial reporting including international standards, and research methods used to determine the appropriate methods to comply with accounting standards. Course requires writing and student presentations.
Economics
Course
ESCB-705
Economics and Decision Modeling
The course focuses on the fundamental economic theories most useful for the management of a firm in a global environment. Microeconomic theories and current events are used to explain the performance of the market system and help managers formulate effective pricing and business decisions. Macroeconomic theories and current events are used to explain the direction of the domestic and global economy to help managers understand the implications, including foreign direct investment, for their companies. Students will learn to explain and predict changes in economic growth, inflation, interest rates, international trade and foreign exchange rates.
ESCB-711
Microeconomics
Microeconomics introduces the principles of economic analysis as applied to micro decisions to determine how an organization can achieve its aims most efficiently. This course applies statistical and quantitative tools and the methodological approaches commonly used by economists to business problems as demand estimation, product pricing, profit maximizing level of output, cost minimizing level of input use, and forecasting. (ESCB-705 or two previous economics courses, one in microeconomics and one in macroeconomics with a grade of B or better.)
ESCB-712
Macroeconomics
This is an intermediate macroeconomics course with a focus on the relationship between economic performance and financial markets in a global environment. A framework of product and money market equilibrium is developed that recognizes all economies are linked through international markets for goods, services, and capital. Open-economy models are developed to explain economic growth, inflation, interest rates, foreign exchange rates, trade balances, and the attractiveness of an economy for business investment. (ESCB-705 or two previous economics courses, one in microeconomics and one in macroeconomics with a grade of B or better.)
94% Outcome Rate
Saunders students have a 94% Outcome Rate 6-months after graduation