Accounting Analytics Emphasis Courses
accounting analytics emphasis required courses
Required Courses & Descriptions (6 credits)
accounting analytics emphasis required course descriptions
Accounting Analytics and Information Systems
BUAD 6239 | 3 Credits
This course combines coverage of accounting information systems with internal controls topics relevant to auditors with in depth coverage of analytical audit techniques, including continuous auditing, evaluating data integrity, statistical analysis, and outlier detection. Students will be introduced to various data analytics tools and audit software.
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Programming and Data Analysis for Accountants
BUAD 6249 | 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.
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accounting analytics emphasis additional courses
Additional Courses & Descriptions (3 credits)
accounting analytics additional course descriptions
Driving Organizational Performance
BUAD 6149 | 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.
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Financial Statement Analysis, Modeling, and Valuation
BUAD 6229 | 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 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.
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Database Management
BUAD 6271 | 3 Credits
This course considers the application, logical structure and physical implementation of databases to aid in developing business intelligence. Primary topics include data modeling, relational databases, structured query language, data analytics and visualization, amongst other contemporary data management topics. Multiple database management systems and analytical platforms may be introduced.
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Advanced Modeling Techniques
BUAD 6711 | 3 Credits
This course is designed to provide students with the skills necessary to develop advanced decision models using a variety of programming and database tools.
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Audit & Assurance Emphasis Courses
audit & assurance emphasis required courses
Required Course & Description (3 credits)
audit & assurance emphasis required course descriptions
Advanced Auditing & Audit Research
BUAD 6199 | 3 Credits
Expands and integrates knowledge of U.S. and international generally accepted auditing principles (GAAS) in a rigorous study of financial reporting issues with significant balance sheet implications. Topics include advanced treatments of analytical procedures, audit planning, risk assessment, internal controls, audit evidence, audit documentation, and auditing fair. Incorporates related academic research, research into auditing standards, and contemporary auditing issues.
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audit and assurance emphasis additional courses
Additional Courses & Descriptions (6 credits)
audit and assurance emphasis additional course descriptions
Govt & Non-profit Accounting
BUAD 6209 | 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.
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Forensic Accounting & Fraud Examination
BUAD 6279 | 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; 3) computer forensics. To illustrate concepts, the class will discuss high profile cases (e.g., investment 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 forensic analysis, and the legal environment).
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Financial Statement Analysis, Modeling, and Valuation
BUAD 6229 | 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 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.
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Experiential: Winter Field Experience Emphasis Courses
experiential emphasis required course
Required Course & Description (4 credits)
experiential emphasis required course description
Integrated Winter Field Experience
BUAD 6129 | 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.
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experiential emphasis additional courses
Additional Courses & Descriptions (6 credits)
experiential emphasis additional course descriptions
Driving Organizational Performance
BUAD 6149 | 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.
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Taxation & Business Strategy
BUAD 6159 | 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 how taxes relate to major decisions throughout the firm's life cycle: choice of organizational form, employee compensation, investment opportunities, international operations, and business combinations. The key conceptual components include: (1) consideration of the tax implications for all parties to the transaction; (2) consideration of both explicit and implicit taxes, such as lower before-tax rates of return on tax-favored investments; and (3) consideration of both tax and non-tax costs. Although this course focuses on the current U.S. federal income tax system, ultimately the course provides a useful framework for thinking about all tax regimes (i.e., across countries and over time).
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Business Law
BUAD 6169 | 3 Credits
Following the 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.
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Tax Research & Current Tax Topics
BUAD 6179 | 3 Credits
Expands and integrates knowledge of domestic and international tax topics in a rigorous research-based study of U.S. tax law, tax planning and tax compliance, including contemporary topics such as comparative forms of doing business, compensation and benefits, international and multistate taxation, corporate reorganizations, and tax exempt entities. Incorporates relevant academic research, as well as statutory and case-based research into tax laws and regulations related to contemporary tax issues.
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Govt & Non-profit Accounting
BUAD 6209 | 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.
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Financial Statement Analysis, Modeling, and Valuation
BUAD 6229 | 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 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.
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Taxation Emphasis Courses
taxation emphasis required course
Required Course & Description (3 credits)
taxation emphasis required course description
Advanced Federal Taxation
BUAD 6269 | 3 Credits
To provide the accountant and the manager with the ability to recognize tax factors that influence business decisions and to integrate them into the business decision-making process. This will include the development of a tax foundation, the ability to conduct tax research using both online and offline tax research data bases, the ability to engage in effective tax planning, and the ability to present the identified tax consequences in both oral and written presentations. Ethical influences will be identified and discussed as related to taxation and the related business decision.
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taxation emphasis additional courses
Additional Courses & Descriptions (6 credits)
taxation emphasis additional course descriptions
Taxation & Business Strategy
BUAD 6159 | 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 how taxes relate to major decisions throughout the firm's life cycle: choice of organizational form, employee compensation, investment opportunities, international operations, and business combinations. The key conceptual components include: (1) consideration of the tax implications for all parties to the transaction; (2) consideration of both explicit and implicit taxes, such as lower before-tax rates of return on tax-favored investments; and (3) consideration of both tax and non-tax costs. Although this course focuses on the current U.S. federal income tax system, ultimately the course provides a useful framework for thinking about all tax regimes (i.e., across countries and over time).
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Tax Research & Current Topics
BUAD 6179 | 3 Credits
Expands and integrates knowledge of domestic and international tax topics in a rigorous research-based study of U.S. tax law, tax planning and tax compliance, including contemporary topics such as comparative forms of doing business, compensation and benefits, international and multistate taxation, corporate reorganizations, and tax exempt entities. Incorporates relevant academic research, as well as statutory and case-based research into tax laws and regulations related to contemporary tax issues.
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Estate & Financial Planning
BUAD 6189 | 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.
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Some tax courses at the William & Mary Law School may also apply.
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Valuation & Advisory Services Emphasis Courses
valuation and advisory services emphasis required course
Required Course & Description (3 credits)
valuation and advisory services emphasis required course description
Financial Statement Analysis, Modeling, and Valuation
BUAD 6229 | 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 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.
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valuation and advisory services emphasis additional courses
Additional Courses & Descriptions (6 credits)
valuation and advisory services emphasis additional course descriptions
Driving Organizational Performance
BUAD 6149 | 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.
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Taxation & Business Strategy
BUAD 6159 | 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 how taxes relate to major decisions throughout the firm's life cycle: choice of organizational form, employee compensation, investment opportunities, international operations, and business combinations. The key conceptual components include: (1) consideration of the tax implications for all parties to the transaction; (2) consideration of both explicit and implicit taxes, such as lower before-tax rates of return on tax-favored investments; and (3) consideration of both tax and non-tax costs. Although this course focuses on the current U.S. federal income tax system, ultimately the course provides a useful framework for thinking about all tax regimes (i.e., across countries and over time).
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Programming and Data Analysis, Modeling, and Valuation
BUAD 6249 | 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.
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Other electives may be taken and counted toward the Valuation & Advisory Services Emphasis with the approval of the Chair of the Accounting Department.
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