Accounting and Finance  

ACFI 620 - Topics in Accounting
Credits: 4.00
Special topics; may be repeated. Prereq: ACFI 621 or ACFI 723 depending on topics and junior standing.

ACFI 621 - Intermediate Financial Accounting I
Credits: 4.00
Examination of the nature and applicability of accounting theory and the conceptual framework of accounting. Development of the capacity to address and resolve issues and problems in financial reporting. Topics include valuation and reporting of current and operating assets, and revenue recognition. Prereq: ADMN 502. Students wishing to repeat ACFI 621 must request and obtain departmental approval.

ACFI 622 - Intermediate Financial Accounting II
Credits: 4.00
Selected topics within financial reporting such as accounting for investments, leases, pensions, and income taxes. Focus on how and why these issues are accounted for in the manner prescribed by current GAAP. Prereq: ACFI 621.

ACFI 640 - Topics in Finance I
Credits: 2.00 to 4.00
Special topics; may be repeated for a maximum of 8 credits.

ACFI 650 - Wildcat Investment Fund
Credits: 2.00
Students actively manage the Wildcat Fund, a donor-created fund which consists of cash and stocks. During weekly meetings, students present their stock selections to the group and debate the merits of the presented stocks. Trades are then made accordingly. An officer corps is responsible for structuring and coordinating the group. Students in good standing may retake course up to a maximum of 12 credits. Prereq: permission.

ACFI 701 - Financial Policy
Credits: 4.00
Development of analytical tools and practical skills for recognizing and solving complex problems of business finance. Working-capital management, capital budgeting, cost of capital, capital structure, and dividend policy. Prereq: ADMN 570.

ACFI 702 - Investments Analysis
Credits: 4.00
Security valuation, efficient markets, portfolio management, options, and alternative investments. Computer research topics. Prereq: ADMN 570.

ACFI 703 - International Financial Management
Credits: 4.00
Financial management problems facing multinational firms. Primary focus on effects of currency denominations on financial decisions. Prereq: ADMN 570.

ACFI 704 - Derivative Securities and Markets
Credits: 4.00
Derivative assets and markets, and their role in business decision-making and portfolio management. Emphasis on practical and theoretical aspects of hedging and speculating using futures and options for both commodities and financial assets, including their market mechanics. Prereq: ADMN 570.

ACFI 705 - Financial Institutions
Credits: 4.00
Examination of financial institutions and markets. Emphasis on how institutions create value, the regulatory environment under which they operate, and the role of risk management. Prereq: ADMN 570. Only open to BusAdm: Finance majors. Writing intensive.

ACFI 720 - Topics in Finance II
Credits: 4.00
Special topics. Prereq: ADMN 570 and senior standing. Writing intensive.

ACFI 723 - Advanced Managerial Accounting Concepts and Applications
Credits: 4.00
Builds on the basic managerial accounting course by continuing the theme of accounting as a management tool. Emphasis is on cost accounting as a source of data for measuring and improving the economic condition of the enterprise. Newly evolving management themes are integrated into the traditional topics of planning and control, cost analysis, overhead allocation, transfer pricing, and decision modeling. Prereq: ADMN 503.

ACFI 724 - Auditing
Credits: 4.00
Philosophy and environment of auditing, with attention to an understanding of the major auditing concepts and objectives and its judgment process. Emphasis on the nature and economic purpose of audits, standards, professional ethics, auditors' legal liability, internal control, and audit evidence. Includes audit procedures, reports, and computer software. Prereq: ACFI 621. Writing intensive.

ACFI 725 - Financial Statement Analysis
Credits: 4.00
Methods and tools of analysis and interpretation of financial statement data. Use of financial information in a variety of decision making situations including a prediction of corporate earnings, debt ratings, and financial distress; lending decisions; risk analysis; and equity valuations. Prereq: ACFI 621 and senior standing.

ACFI 726 - Introduction to Federal Income Tax
Credits: 4.00
Federal income tax concepts and law applicable to individuals. Coverage includes taxable income and deductions, passive activities, alternative minimum tax, property transactions and compensation. Prereq: ADMN 502.

ACFI 740 - Topics in Accounting II
Credits: 4.00
Special topics. Prereq: ACFI 621 or 723, depending on topics, and senior standing.

ACFI 750 - Internships in Accounting
Credits: 1.00 to 4.00
Accounting fieldwork in a business or other type of organization. Supervision provided by the organization, and consultation provided by the faculty sponsor. Written report required. Course credits vary according to the nature of the fieldwork, to be determined by the faculty sponsor. Prereq: seniors in high standing; permission. May be repeated up to a maximum of 12 credits. Cr/F.

ACFI 751 - Internships in Finance
Credits: 1.00 to 4.00
Finance fieldwork in a business or other type of organization. Supervision provided by the organization, and consultation provided by the faculty sponsor. Written report required. Course credits vary according to the nature of the fieldwork, to be determined by the faculty sponsor. Prereq: seniors in high standing; permission. May be repeated up to a maximum of 12 credits. Cr/F.

ACFI 752 - Independent Studies in Accounting
Credits: 1.00 to 4.00
Student-designed individual research projects, approved by a faculty sponsor. Paper required. Course credits vary according to the nature of the project, to be determined by the faculty sponsor. Prereq: seniors in high standing; permission. May be repeated up to a maximum of 12 credits.

ACFI 753 - Independent Studies in Finance
Credits: 1.00 to 4.00
Student-designed individual research projects, approved by a faculty sponsor. Paper required. Course credits vary according to the nature of the project, to be determined by the faculty sponsor. Prereq: seniors in high standing; permission. May be repeated up to a maximum of 12 credits.

ACFI 754 - Honors Seminar in Accounting and Finance
Credits: 4.00
Seminar discussions of advanced readings in accounting and finance. For seniors with standing in the honors program.