Focus on the theory and practice behind preparing and using financial statements, including the balance sheet, income statement, and cash flows, and acquire an understanding of the significance and limitations of financial statements. This course is useful if you're pursuing a career in professional accounting and essential if you're planning to sit for the CPA exam.
The course reviews the paradigms of leadership in the global environment. Students will learn to apply principles for ethical decision-making in business situations and assess their capacity for leadership and responsibility. The material will revolve around case and problem applications that underscore the complexities of global management practices.
Study the conceptual framework of corporate accounting and generally accepted accounting practices, particularly in the problem areas of financial reporting, such as accounting for pensions, accounting for income taxes, segment reporting, and earnings per share.
This course is a continuation of MSA 504 and intended for students pursuing a career in accounting or finance, especially those seeking professional certification. Prerequisite: MSA 500 and MSA 601.
Examine the accounting methods for mergers, consolidations, foreign subsidiaries, not-for-profit and governmental entities and partnerships. This is a necessary course if you're planning to sit for the CPA exam.
Perform an intensive study of generally accepted auditing standards and procedures, as prescribed by the Public Company Accounting Standards Oversight Board. Your coursework emphasizes planning an audit engagement, evaluation of internal controls, documentation required under the Sarbanes–Oxley Act of 2002, audit sampling techniques and auditing in a computerized environment. This is a necessary course if you're planning to sit for the CPA exam.
Examine the impact of income taxation on business decisions, including the choice of business entities, tax ramifications and consequences of transactions, revenue recognition, accounting methods, depreciation, investments, and employee compensation and benefits. The course will utilize tax returns, written assignments, and current topics to highlight the nuances of the U.S. tax system.
Gain a comprehensive understanding of forensic accounting topics. This course gives you a background in the field of forensic accounting, including fundamentals, tools and accounting applications. The concepts will be reinforced through the application of cases and current events that highlight the key aspects of applying forensic tools.
Students will be exposed to the latest techniques for protecting accounting and organizational data through the establishment of security methodology that focuses on risk assessment, prevention, and recovery processes. The key cybersecurity topics explored in the course will focus on "attack and pen," compliance, governance, and IT audits.
The course will examine the trends in GAAP (Generally Accepted Accounting Principles) as its influence becomes less in the world, because of emerging international standards for financial accounting and reporting. The potential opportunities for accountants in this new environment will be dissected, along with the positive impact managerial accounting can have on career goals.
By the Numbers
Accounting-related occupations are projected to grow faster than the national average through 2026, with median annual salaries ranging from $69,000 to more than $125,000. Beyond the 3,191,500 positions already in place, the Bureau of Labor Statistics expects an estimated 404,800 jobs to open through 2026.1–6 That growth includes Chicagoland, the home of Benedictine University, which has the sixth-highest number of job postings in the country.7