Rutgers graduate students presenting in class.

Curriculum

Master of Accountancy in Professional Accounting

Core Courses (30 Credits)

22:010:577- Accounting for Managers* (3 Credits)

An introduction to financial statement analysis which builds on the fundamentals of accounting, including understanding the accounting equation and its application in building the balance sheet, the income statement, and the statement of cash flows. Basic accounting concepts, accounting principles, and the audit report are presented. Students work in teams to analyze corporate financial statements. The relationship of economic value to accounting measurement is explored together with factors influencing management choices among competing valuation principles. Theory is applied to the valuation of the asset, liability, and owners' equity accounts. Emphasizes the heavy reliance on estimates in constructing financial statements and how management can use such estimates to strategically manage its reporting responsibilities.

22:835:625- Advanced Financial Accounting - Theory and Practice (2 Credits)

In-depth study of the theoretical and practical problems of accounting for partnerships, business combinations, and nonbusiness organizations, including governmental fiduciaries.

22:835:604- Auditing Concepts (3 Credits)

Examines the principles and components governing management information systems with strong emphasis on the importance of internal control within the system. Illustrates the role of the computer in accounting and general information systems and accounting transactions processing, environment of information systems, designing new system controls, flowcharting, management, designing computer-oriented controls, systems analysis, design, implementation, and follow-up principles of systems design and standards of internal control.

22:835:510- Business Law I (2 Credits)

Introduces the legal system and the way in which the law interacts with the accountant's function. Provides a basic understanding of the principles of law most commonly related to the practice of accountancy. Stimulates an awareness of the law as an expression of basic social, political, and economic forces. Covers the law in relation to contracts, agencies, and sales of goods.

22:835:511- Business Law II (2 Credits)

Completes the academic requirements necessary to sit for the commercial law part of the CPA exam. Covers the law in relation to commercial paper, secured transactions, business organizations, and government regulation.

Prerequisite: Business Law I (22:835:510)

22:010:551- Governmental Accounting and Auditing (3 Credits)

This course examines the basic principles of fund accounting under Generally Accepted Accounting Principles (GAAP). It emphasizes the new government financial reporting model promulgated by GASB No. 34 and modified or clarified by GASB's subsequent pronouncements. The course also provides an introduction to public sector auditing by examining the U.S. General Accounting Office's (GAO's) Government Auditing Standards.

22:835:603- Income Taxation (3 Credits)

Enables students to recognize and understand the impact of taxation as a major factor for both individual and business planning. Covers sources of federal tax law, the concept of income realization and recognition, timing of income recognition, timing and possibility of income tax deductions, tax accounting methods, and reporting periods.

22:010:627- Information Risk Management** (3 Credits)

One of an auditor's primary responsibilities is to evaluate and improve the effectiveness of organizations' risk management. Integrating information systems in the audit process can provide better assistance for the auditors to monitor and assess organizations' risk. The goal of this course is to introduce the advanced applications of audit automation, such as continuous auditing and monitoring, and related risk management issues. Specifically, this course aims to facilitate students to (1) recognize the future of audit process involving advanced technologies, (2) understand various of risks existing in an organization and how an enterprise risk management system works, (3) master some widely used audit automation/analytics tools, such as Caseware electronic working papers and IDEA.

22:835:501- Intermediate Accounting I (3 Credits)

Designed for both accounting and finance majors, this course combines a study of the theory, rationale, and objectives of corporate financial reporting with an examination of current reporting principles. The aim is to develop a realistic understanding of the strengths and weaknesses of corporate financial reporting, particularly from the viewpoint of the consumer of such financial information. Emphasis is placed on the analysis and understanding of publicly available financial information, rather than on the mechanics of construction of financial statements. Nevertheless, there is still a great deal of mechanics and problem solving in this course.

22:835:502- Intermediate Accounting II (3 Credits)

Discusses many of the problems in financial accounting theory and practice. Instills an appreciation for the challenges and limitations of accounting. Prepares students for advanced study, professional examinations, and successful pursuit of accounting careers. Covers current and long-term liabilities, stockholders' equity, dilutive securities, investments, accounting for income taxes, pension costs and leases, and accounting changes and error analysis. Refers to pronouncements of the Accounting Principles Board and the Financial Accounting Standards Board.

Prerequisite: Intermediate Accounting I (22:835:501)

22:835:627- Managerial and Cost Accounting (3 Credits)

Covers the problems of generating and utilizing cost data for the dual purpose of managerial control and product costing. Cost accounting principles and procedures are studied in relation to the accumulation and reporting of material, labor, and variable and fixed overhead costs. Actual, normal, and standard cost systems are examined in both a job order and process manufacturing setting. Cost control, cost planning, and cost analysis as used in assisting the managerial function are studied.

Notes:

  • *Can be substituted for Accounting Principles and Practices (22:835:651)
  • **Can be substituted for Advanced Auditing and Accounting Information Systems (22:835:626)

Course Offerings by Term

This schedule is subject to change.

Accounting for Managers (22:010:577)
  • Offered all semesters (check schedule for in-class or online)
  • Summer: Newark Campus / Day offered as Accounting Principles and Practices (22:835:651)
Advanced Financial Accounting - Theory and Practice (22:835:625)
  • Fall: n/a
  • Spring: n/a
  • Summer: Online and Newark Campus / Day
Auditing Concepts (22:835:604)
  • Fall: Newark Campus / Day
  • Spring: n/a
  • Summer: Online
Business Law I (22:835:510)
  • Fall: n/a
  • Spring: n/a
  • Summer: Online
Business Law II (22:835:511)
  • Fall: Online
  • Spring: n/a
  • Summer: n/a
Governmental Accounting and Auditing (22:010:551)
  • Fall: n/a
  • Spring: Online
  • Summer: n/a
Income Taxation (22:835:603)
  • Fall: Newark Campus / Day & Evening
  • Spring: n/a
  • Summer: n/a
Information Risk Management (22:010:627)
  • Fall, Spring, Summer: Online and varies by term. Check Schedule of Classes. Newark Campus / Day offered as Advanced Auditing and Accounting Information Systems (22:835:626)
Intermediate Accounting I (22:835:501)
  • Fall: Newark Campus / Day
  • Spring: Livingston Campus / Evening
  • Summer: n/a
Intermediate Accounting II (22:835:502)
  • Fall: n/a
  • Spring: Newark Campus / Day
  • Summer: Livingston Campus / Evening
Managerial and Cost Accounting (22:835:627)
  • Fall: Livingston Campus / Evening
  • Spring: Newark Campus / Day
  • Summer: n/a

Advanced Standing & Transfers

Through advanced standing and credit transfer, you have the opportunity to reduce your course load from 30 credits to 24, allowing you to finish your degree more quickly. 

You may receive up to 6 credits for graduate course work under the following conditions:

  • You earned a B or better in a course in business areas of study 
  • Graduate level courses must have been completed at an AACSB-accredited institution
  • Courses must be no more than 8 years old

Additional notes:

  • Students can take day classes with the MBA in Professional Accounting students.
  • Students pursuing a concentration in accounting in the Part-Time MBA program will also be enrolled in these courses.