Accounting
260 Business Administration Building
Phone: (915) 747-5192
E-mail: cobacct@utep.edu
CHAIRPERSON: Gary J. Mann
GRADUATE FACULTY: Braun, Eason, Hoffmans, Mann, Mayne, Omundson, Putnam,
Zimmermann, Zlatkovich
The mission of the Department of Accounting is to provide quality higher education to the citizens of El Paso and the surrounding region, prepare them to function effectively in society, and contribute to the quality of life in this community and region. The Department's goal is to provide a Master of Accountancy (MAcc) degree which enables career advancement in the accounting profession. The MAcc program, which may be entered after receiving a bachelor's degree or within the combined BBA/MAcc plan, permits students to tailor their curriculum to meet their career objectives, allowing specialization in taxation, managerial accounting, or financial accounting and auditing. The Department is AACSB accredited.
The following content areas are included under Accounting:
Accounting (ACCT)
Business Law (BLAW)
Master of Accountancy Program (MAcc)
The MAcc program consists of a nine-hour business core, an eighteen-hour accounting option, a three-hour communications requirement, and a three-hour approved graduate elective.
Requirements for Admission to the Master of Accountancy Program
See Introduction to the College of Business Administration for information on admission.
Specific Requirements for the Master of Accountancy Degree
All students must meet the Pre-Master of Accountancy (Pre-MAcc) Requirements and complete thirty-three credit hours of Course of Study for the Master of Accountancy (MAcc).
Courses in Pre-MAcc Requirements, as described below, may be waived if, according to the Accounting Graduate Studies Committee, the student has the equivalent courses in previous undergraduate or graduate course work or the appropriate work experience. Waiver may also be given if the student can demonstrate proficiency through challenge examinations approved by the Committee.
Students earning a "B" or better in MGMT 5325 or MGMT 5335 will satisfy the comprehensive exam requirement. Students who earn a "C" will be required to pass a comprehensive exam.
Pre-Master of Accountancy (Pre-MAcc) Requirements
Common Body of Knowledge (18 semester hours)
(The course in parenthesis indicates the equivalent undergraduate course.)
3 ACCT 5301 (3309) Financial Accounting
or ACCT 2301, 2302
3 ECON 5304 or Business Economics
ECON 2303, 2304
3 QMB 5311 or Quantitative Methods in Business
QMB 2301, 3301
and MATH 2301
3 BLAW 5306 (3301) Business Law and Ethics
3 (MKT 3300) (Principles of Marketing)
3 FIN 5305 (3310) Financial Concepts and Analysis
Professional Core (18 semester hours)
3 ACCT 3320 Accounting Systems
3 ACCT 3321 Intermediate Accounting I
3 ACCT 3322 Intermediate Accounting II
3 ACCT 3323 Cost Accounting
3 ACCT 3327 Federal Income Tax - Individuals
3 ACCT 4304 Auditing Principles and Procedures
Course of Study for the Master of Accountancy (MAcc) (33 semester hours)
1. Business Core Requirements (9 semester hours)
3 MGMT 5336
3 MGMT 5325 or MGMT 5335 (Taken last semester)
3 Approved graduate business elective
2. Accounting Major Requirements (18 semester hours)
a. Tax Concentration
18 - ACCT 4328*, 5322, 9 hours within ACCT 5320, 5321, 5325, 5326, and
approved nontax graduate credit accounting elective
b. Financial Accounting/Auditing Concentration
18 - ACCT 4301*, 5310, 5323, 5324, 5397 (or approved graduate credit
accounting elective), and an approved graduate credit accounting elective. A minimum of 12 of the 18 hours in this option must be ACCT 53xx. (The other 6 hours may be undergraduate ACCT courses available for graduate credit.)
c. Managerial Accounting Concentration
18 - ACCT 4321*, 5312, 5324, 5391, 5397 (or approved graduate credit accounting
elective), and three hours of approved graduate accounting elective. A minimum
of 12 of the 18 hours in this option must be ACCT 53xx. (The other 6 hours may
be undergraduate ACCT courses available for graduate credit.)
18 - 3 BLAW 4391
3 One course from ACCT 5312 or ACCT 5391
3 One course from ACCT 5310, ACCT 5323, or ACCT 5324
3 One course from ACCT 5320, ACCT 5321, ACCT 5322, ACCT 5325, or
ACCT 5326
6 Graduate credit ACCT, at least 3 hours in ACCT 53xx. (The other 3 hours
may be undergraduate ACCT courses available for graduate credit.)
*Should be taken after being admitted to Graduate School. If already taken prior to admittance to Graduate School, three hours of graduate accounting elective must be taken to fulfill this requirement.
3. Communications Requirement (3 semester hours)
3 - COMM 5362, ENGL 5311, ENGL 5312, ENGL 5314, or ENGL 5315
4. Approved Graduate Elective (3 semester hours)
3 - Approved graduate free elective
ACCT 5397 (Professional Report in Accounting) must be written in the area of concentration of the option chosen.
Up to nine hours of specified, approved undergraduate courses for graduate credit may substitute for graduate hours in the Master of Accountancy degree plan. Those undergraduate courses required as part of the Accounting Major Option Requirements are counted in these limitations.
Concurrent Award of the BBA in Accounting and the Master of Accountancy (the combined BBA/MAcc Plan)
The combined BBA/MAcc plan is a 150-hour course of study which leads to concurrent award of the Bachelor of Business Administration (BBA) degree in Accounting and the Master of Accountancy (MAcc). The plan requires completion of 117 semester hours of undergraduate study and 33 semester hours of graduate study.
Requirements for Admission to the Combined BBA/MAcc Plan
Students are admitted to the College of Business Administration and to the accounting major based on requirements listed in the Undergraduate Catalog. Students must be admitted to the Graduate School and the Master of Accountancy program based on requirements listed in the Graduate Catalog except that the completion of a Baccalaureate degree is not required. There is no conditional admission to Graduate School under this plan.
Requirements with an average of 3.0 or better in ENGL 1312, MATH 1320,
MATH 2301, ACCT 2301, ACCT 2302, ECON 2303, ECON 2304, and QMB 2301
restricted to the ones listed in the Major Option Requirements for the BBA
degree in Accounting
Program
a. A satisfactory score on the Graduate Management Admissions Test (GMAT) of at least 450, and three out of five ("acceptable") or better on the analytical writing portion
b. The GMAT score, plus 200 times the GPA on all undergraduate and graduate-level
work previously completed must equal 1050 or more; or the GMAT score, plus 200 times the upper-division and graduate-level GPA must equal 1100 or more
completed
d. Foreign students require a minimum TOEFL score of 600
STUDENTS MUST BE ADMITTED TO THE GRADUATE SCHOOL FOR
ADMISSION TO THE GRADUATE SCHOOL DURING THEIR JUNIOR YEAR.
STUDENTS SHOULD PLAN TO APPLY FOR ADMISSION TO THE
GRADUATE SCHOOL DURING THEIR JUNIOR YEAR.
A GPA OF 3.0 ON ALL WORK TAKEN BEYOND THE 90TH SEMESTER
HOUR OF CREDIT IS REQUIRED TO REMAIN IN THE GRADUATE
PROGRAM.
Course of Study for the Combined BBA/MAcc Plan
The course of study for the combined BBA/MAcc plan includes academic requirements both at the undergraduate and graduate level. The requirements are summarized below:
Undergraduate (117 semester hours)
Non-Business Foundation Requirements 51 semester hours
Business Foundation Requirements 15 semester hours
Business Core Requirements 27 semester hours
Accounting Major Requirements 21 semester hours
Electives 3 semester hours
Graduate (33 semester hours)
Business Core Requirements 9 semester hours
Accounting Major Requirements 18 semester hours
Electives 6 semester hours
Total 150
Undergraduate
Non-Business Foundation Requirements (51 semester hours)
6 � ENGL 1311 and 1312
3 � COMM 1301 or 1302
6 � MATH 1320 and 2301
6 � POLS 2310 and 2311
6 � HIST 1301 and 1302
6 � Natural Science (See University Core Curriculum menu)
3 � PSYC 1301 or SOCI 1301
3 � Humanities (See University Core Curriculum menu)
3 � Visual and Performing Arts (See University Core Curriculum menu)
3 � ENGL 3355
3 � ENGL 3359
3 � UNIV 1301 or UNIV 2350
Business Foundation Requirements (15 semester hours)
6 � ACCT 2301 and ACCT 2302
6 � ECON 2303 and ECON 2304
3 � QMB 2301
Business Core Requirements (27 semester hours)
3 � ACCT 3321
3 � QMB 3301
3 � CIS 3340
3 � MKT 3300
3 � FIN 3310
3 � ECON 3320
3 � MGMT 3303
3 � POM 3321
3 � BUSN 3304
Accounting Major Requirements (21 semester hours)
15 � ACCT 3320, 3322, 3323, 3327, 4304
3 � Approved accounting elective
3 � Elective from CIS 3350, 4330, 4365, 4370, or 4398
Electives (3 semester hours)
3 � Upper-division non-accounting elective
Graduate
1. Business Core Requirements (9 semester hours)
3 � BLAW 5306
3 � Approved non-accounting business elective
3 � MGMT 5325 or MGMT 5335 (Taken last semester)
2. Accounting Major Requirements (18 semester hours)
a. Tax Concentration
6 � ACCT 4328* and 5322
9 � Choose three credits from ACCT 5320, 5321, 5325, or 5326
3 � Approved nontax graduate credit accounting elective
b. Financial Accounting/Auditing Concentration
12 � ACCT 4301*, 5310, 5323, and 5324
3 � ACCT 5397 or approved graduate credit accounting elective
3 � Approved graduate credit accounting elective
A minimum of 12 of the 18 hours in this concentration must be 5300-level accounting courses.
c. Managerial Accounting Concentration
12 � ACCT 4321*, 5312, 5324, and 5391
3 � ACCT 5397 or approved graduate credit accounting elective
3 � Approved graduate accounting elective
A minimum of 12 of the 18 hours in this concentration must be 5300-level accounting
courses.
3 - BLAW 4391
3 - ACCT 5312 or ACCT 5391
3 - ACCT 5310, ACCT 5323, or ACCT 5324
3 - ACCT 5320, ACCT 5321, ACCT 5322, ACCT 5325, or ACCT 5326
6 - Approved graduate level ACCT electives
A minimum of 12 of the 18 hours of accounting in this concentration must be 5300-level accounting courses.
*Should be taken after being admitted to the Graduate School. If already taken
prior to admittance to the Graduate School, three hours of a graduate accounting elective
must be taken to fulfill this requirement.
3. Electives (6 semester hours)
3 - Approved graduate business elective
3 - Approved graduate free elective
ACCT 5397 (Professional Report in Accounting) must be written in the area of concentration of the option chosen.
Up to 9 hours of specified undergraduate courses allowed for graduate credit may substitute for graduate hours in the graduate portion of the BBA/MAcc plan. Those undergraduate accounting courses required as part of the Graduate Accounting Major Option Requirements are counted in these limitations.
Accounting (ACCT)
For Undergraduate and Graduate Students
ACCT 4301 Advanced Accounting I (3-0)
ACCT 4305 Not-for-profit Accounting (3-0)
ACCT 4321 Advanced Cost Accounting (3-0)
ACCT 4323 Issues in Auditing (3-0)
ACCT 4325 International Accounting (3-0)
ACCT 4328 Federal Income Tax - Partnerships and Corporations (3-0)
For Graduate Students Only
5301 Financial Accounting (3-0)
An introductory study of accounting procedures involved in recording transactions producing income statements and interpreting financial data prepared primarily for external users. This course examines the theory and practices related to recording assets, liabilities, owners' equities, revenues and expenses in accordance with current accounting theory. Prerequisite: Admission to a graduate program. May be counted only as a Pre-MAcc or a Pre-MBA course in the graduate degree programs offered by the College of Business Administration.
5310 Contemporary Accounting Issues (3-0)
Development of accounting theory; controversial issues involved in the measurement and reporting of enterprise periodic income. Study of authoritative pronouncements. Prerequisite: ACCT 3322.
5311 Accounting for Management (3-0)
A study of accounting as related to making business decisions. Readings, cases, and problems dealing with accounting concepts, budgeting and cost control, use of accounting data in planning operations and policy formulation, and tax planning in business policies. Prerequisite: ACCT 3309 or ACCT 5301 or ACCT 2301 and ACCT 2302. Does not count as part of the Master of Accountancy degree.
5312 Controllership (3-0)
A study of the major phases of controllership practice, including organizational status, objectives, functions, duties, responsibilities and the managerial utilization of accounting and statistical data for planning and control. Prerequisite: ACCT 5311 or ACCT 3314 or ACCT 3323.
A conceptual overview of the tax systems in the United States with an emphasis on tax planning and decision making. May not be counted toward the Master of Accountancy or Accounting concentration option of the MBA (may be counted toward the other MBA options).
5320 Taxation of Partners, Partnerships and S Corporations (3-0)
The intensive study of federal income tax principles applicable to the formation, operation, sale and liquidation of partnerships. Special attention will be paid to the issues of distributions, basis and tax minimization opportunities. Prerequisite: ACCT 4328 or department approval.
5321 Advanced Topics in Federal Taxation (3-0)
Topics will vary depending on current developments, e.g., taxation of foreign persons and multinational operations, consolidated tax returns, state and local taxation, pension plans, charitable organizations, and tax reform proposals. Prerequisite: ACCT 3327 or equivalent.
5322 Tax Concepts, Research and Procedure (3-0)
An in-depth study of tax issue identification, the location and analysis of tax authority, and the written communication of conclusions based upon the relevant authority. Includes coverage of tax procedure. Prerequisite: ACCT 3327 or equivalent.
5323 Advanced Auditing (3-0)
A study of the important concepts of auditing including the nature of audit evidence, auditor independence, audit reports, the environment of auditing, and relevant current issues. Prerequisite: ACCT 4304.
5324 Computer Applications in Accounting and Auditing (3-0)
Design and control of computerized accounting; use of computers in accounting and their applications to the auditing functions; stress is placed on E.D.P. control; internal auditing considerations. Prerequisites: ACCT 3320 and ACCT 4304.
5325 Estate and Gift Taxation (3-0)
A comprehensive survey of principles involved in determining the federal estate tax and federal gift tax including the taxability and valuation of property and analysis of deductions, including the federal marital deduction. Prerequisite: ACCT 3327 or equivalent.
5326 Advanced Corporate Taxation (3-0)
Reorganizations, net operating losses, and other advanced areas in the field of corporate taxation. Prerequisite: ACCT 4328.
5391 Seminar in Managerial Accounting (3-0)
Advanced topics in managerial accounting. Topics will vary to reflect current literature. Prerequisite: ACCT 3314 or ACCT 3323 or ACCT 5311.
5392 Directed Individual Study in Accounting (0-0-3)
This course may be repeated, but no more than three semester credit hours may be applied to satisfy the requirements for the master's degree. Prerequisite: Department approval.
5194 Current Issues in Accounting (1-0)
5294 Current Issues in Accounting (2-0)
5394 Current Issues in Accounting (3-0)
A course organized to investigate special topics and current issues in accounting. May be repeated for credit when content varies. Prerequisite: Department approval.
5396 Internship in Accounting (0-0-3)
This practicum in accounting is under the supervision of accounting practitioners. Prerequisite: Department approval. May be counted as a business or free elective but not as an accounting elective in the accounting degrees.
5397 Professional Report in Accounting (0-0-3)
Must be in the area of the student's MAcc option. May be taken only once. Prerequisite: Department approval.
Business Law (BLAW)
For Undergraduate and Graduate Students
BLAW 4325 International Business Law (3-0)
BLAW 4391 Law for Accountants (3-0)
For Graduate Students Only
5306 Business Law and Ethics (3-0)
A broad-based course covering an introductory study of the legal environment of business and of social and ethical considerations affecting business. Prerequisite: Admission to a graduate program in business. May be counted only as a Pre-MAcc or a Pre-MBA course in the graduate degree programs offered by the college of Business Administration except the combined BBA/MAcc program. BLAW 3301 or BLAW 5306, but not both, may be counted toward degrees awarded in the College of Business Administration.