Spring Electives

Students who participate in the Fall semester BUAD 6951 - BRS - DC Financial Markets Trek choose a minimum of 12 credits of electives, otherwise choose a minimum of 13 credits.

Other MBA or Law School electives may be taken and counted toward the MAcc degree requirements with the approval of the Chair of the Accounting Department. Such electives vary year-to-year based on availability, and may be restricted based on demonstrated prerequisite coursework.

BUAD 6129 - Integrated Winterfield Experience

4 Credits


This course is designed to assist students in successfully integrating workplace issues into past and future academic education. Students will learn to use academically rigorous conceptual frameworks in analyzing and solving problems that arise in the field.

BUAD 6149 - Driving Organizational Performance

3 Credits


This course will cover managerial accounting topics such as: customer lifetime value estimation, cost of service delays, cost of quality analyses, time-driven Activity-Based-Costing, profit planning along the value chain, financial and operational forecasting, outsourcing, supplier choice and performance measurement, and analyses of profit drivers. This course replaces the Accounting for Business Strategies course, which met the cost credit requirement.

BUAD 6159 - Taxation and Business Strategy

3 Credits


This economics-based course provides a conceptual framework for understanding tax issues in the context of business decisions and business strategy. Students learn about the role of taxes throughout the firm’s life cycle: choice of organizational form, employee compensation, investment opportunities, capital structure and dividend policy, financial innovations, international operations, and business combinations. The key conceptual components include: (a) consideration of the tax implications for all parties to the transaction; (b) consideration of both explicit and implicit taxes, such as lower before-tax rates of return on tax-favored investments; and (c) consideration of both tax and non-tax costs. Ultimately, the course provides a useful framework for thinking about taxes in all tax regimes (i.e., across countries and over time).

BUAD 6169 - Business Law

3 Credits


Following an introduction of the American legal system, Business Law will expose students to an in-depth look at contract law, commercial law, including the Uniform Commercial Code’s Articles on Sales, Negotiable Instruments, Secured Transactions and Creditors Rights. Additional topics covered include bankruptcy, agency law, business organizations, including sole proprietorships, partnerships, LLC, and corporations.

BUAD 6189 - Estate and Financial Planning

3 Credits


This course provides an introduction to the principles of estate and financial planning, with an emphasis on tax planning opportunities. Topics include a study of the estate and gift tax laws, effective use of trusts and life insurance, valuation techniques, integrated family tax and financial planning, succession planning for the closely-held business, and elections available to taxpayers. Also featured are debt management, retirement planning and investment planning, with an emphasis on issues facing both younger professionals as well as high net worth individuals.

BUAD 6209 - Govt & Non-profit Accounting

3 Credits


This course is designed to expose graduate business students to the financial accounting and auditing issues related to state and local governmental and not-for-profit organizations in the United States. Students will review the body of accounting and auditing literature, specifically related to organizations in the public sector. Due to time constraints, Federal government accounting will not be addressed.

BUAD 6229 - Financial Statement Analysis

3 Credits


This course introduces students to the elements of financial statement analysis and increases students’ ability to extract and use information from financial reports. While financial statements are prepared in accordance with specific accounting rules and principles, most of the numbers in financial statements are based on a set of assumptions and choices made by management. In this class, students learn how to identify and adjust for the effects of accounting choices on the comparability of reported earnings and other accounting performance measures across countries, across firms, and over time. Students also learn how to evaluate circumstances where accounting rules can cause disruptions in trends making it difficult to forecast earnings and free cash flows. In addition, students learn techniques to identify earnings management, as well as assess whether the financial statements reflect the riskiness of the firm. Finally, because many large companies operate in a global environment, the class will examine problems created by differences in accounting standards across countries (e.g., U.S. Generally Accepted Accounting Principles versus International Financial Reporting Standards), as well as issues inherent in multinational companies such as how foreign currency affects financial statements.

BUAD 6239 - Auditing Information Systems

3 Credits


Develops in-depth knowledge about conducting an information systems audit, developing frameworks for management and application control, using audit software, conducting concurrent auditing techniques, evaluating data integrity, system effectiveness, and system efficiency. Also introduces: technical security controls to prevent, detect, respond to, and recover from cyber-attacks; risk and vulnerability analysis to select, design and evaluate security controls; and legal, ethical, and privacy aspects of information assurance.

BUAD 6249 - Data Analysis & Simulation for Accounting

3 Credits


This course is designed to introduce students to basic modeling, analysis and simulation techniques. Emphasis will be placed on problem identification and formulation, sensitivity analysis, and model construction. Tools such as MS Excel, Solver, Crystal Ball, and @Risk will be used to solve accounting-related business problems.

BUAD 6279 - Forensic Accounting and Fraud Examination

3 Credits


This course is an introduction to forensic accounting. Forensic accounting encompasses those services an accountant provides to assist a court or a client in settling a legal dispute and includes the following specialized knowledge and skills: 1) accounting, auditing, economics, finance, business law, quantitative methods, statistics, and tax; 2) investigative skills to collect, analyze, and evaluate evidential matter; and 3) written and oral communication skills. The content of this course will include: 1) fraud and financial investigation services; 2) litigation consulting and expert witness services; and 3) computer forensics. To illustrate concepts, the class will discuss high profile cases (e.g., investment frauds such as Madoff and financial statement frauds such as WorldCom, Enron, etc.). Guest speakers who possess specialized expertise may present on selected topics (e.g., fraud investigation, interviewing and interrogation techniques, cybercrime and digital forensics analysis, and the legal environment).

BUAD 6289 - Taxation of Mergers & Acquisitions

3 Credits


Selected Problems in the Taxation of Mergers & Acquisitions This advanced course focuses primarily on corporate transactions and by using a series of examples, this course will explore different ways to structure both nontaxable and taxable combinations of business entities considering the tax goals and consequences of such transactions, and the role of the tax lawyer in representing a party to a business combination.

BUAD 6289 - Taxation of Mergers & Acquisitions

3 Credits


This course examines the fundamental rules governing the federal income taxation of partnerships, including LLCs treated as partnerships for income tax purposes. An overview of S corporation taxation and federal income tax issues to consider in choosing the appropriate entity are also covered.

BUAD 6359- Current Research in Accounting

1 Credit


Students read and discuss current academic research papers presented by William and Mary faculty and external accounting researchers. This course is open to any student interested in how research informs business practices and is well-suited for students considering careers in academia. Attendance at research presentations is required. Topics change each year so this course may be repeated once for credit.

2017 - 2018 Catalog