MAC 8220 Taxes and Business Strategy

Provides conceptual overview of taxation from a planning and business strategy perspective. Topics include: tax planning concepts; tax policy objectives; ethics; calculation of ROI; general rules for the taxation of business income and deductibility of common business expenditures; organizational form decisions; tax and business issues related to formation of corporations and partnerships, taxation differences of different organizational forms, and basic issues in corporate taxation.

MAC 8240 Performance Measurement/Strategic Cost Management

Covers innovations in strategic cost management and performance measurement. Topics include: activity based costing (ABC); activity based management (ABM); the cost of resource capacity and the integration of ABC with the Theory of Constraints; strategic ABM for customers and suppliers; application of ABC to service industries; integration of cost and performance measurement systems; decentralization; segment reporting and financial performance indicators (ROI and Economic Value Added); and measuring customer, internal business process, and employee performance.

MAC 8252 Applied Corporate Finance

Explores the tools and concepts of modern finance, using the case method. Cases link managerial decisions to capital markets and to the expectations of investors. Case topics include: value creation; market efficiency; opportunity costs; resource allocation; and financial strategy. Tutorials relating to the major themes are also presented.

MAC 8262 Fraud Examination and Forensic Accounting

Gives students an overview of the sociological motivation for fraud; a framework for developing a fraud investigation; specific skills to detect and quantify fraud; and legal rules of evidence and prosecution. Explores forensic accounting methods through text materials and articles, case studies, computer-assisted audit tools and techniques, and guest speakers. Addresses litigation support activities including interviewing witnesses; identifying valid evidence; tracing illegal funds; and preparing expert testimony and reports. Also explores differences in perspectives and methodologies of fraud investigators and independent auditors. Recent legislation including Sarbanes-Oxley Act and the USA Patriot are discussed.

MAC 8280 Advanced Topics in Disclosure and Financial Reporting

Covers advanced financial accounting and reporting topics currently debated by the AICPA, the FASB and the SEC. Topics include business combinations; derivatives and financial instruments; stock compensation; foreign currency translation and transactions; valuation of intangibles and disclosures associated with corporate reorganizations, spin-offs, and restructuring.

MAC 8282 Risk Management and Assurance Services

Provides a business process orientation for the modern financial statement audit, based on cross-functional perspectives from auditing, accounting, and business strategy. Covers the relationship between the financial statement audit and the assessment of client business risks; the evaluation of business controls; and the measurement of strategic and business-process performance. Cases are used to explore strategic issues and the new audit methodologies of large accounting firms.

MAC 8285 Negotiation, Ethics and Relationship Management

Provides an understanding of the principles, strategies, and tactics of effective negotiation and professional relationship management. They increase awareness and understanding of ethical principles and stakeholder considerations that influence the choices offered and made in transactions and relationships. Helps students assess the variables in negotiations; develop sound planning techniques; and better understand strategies and tactics in order to effectively and ethically resolve transactional and interpersonal differences.

MAC 8287 Accounting Information Systems

Offers an enhanced understanding of business enterprises and business processes. Topics covered include: semantic modeling and event driven accounting information systems (AIS); development, documentation, control and audit of AIS, with particular reference to Sarbanes-Oxley; an overview of XBRL and its role in financial reporting; and the use of database management software in developing modern AIS.

MAC 8310 Global Financial Markets

Explores the structure and operation of the domestic and international money and capital markets. Topics include: the foreign exchange and Euro markets; the derivatives market; the determination of domestic and international interest rates; the relationship between interest rates and exchange rates; the role of central banking; and how to manage risk exposure hedging instruments.

MAC 8320 Ethics and Legal Environment of Business

Covers the effects of information technology on business practice within the context of both the domestic and global legal environments. Topics include: choice of business form; Web-site development and hosting agreements; intellectual property rights including domain names, meta tags, hyperlinks, copyrights and trademarks; competition; electronic contracts; software contracts; tort liability; privacy and security; advertising issues; employee rights and responsibilities; information policy; and ethical issues.