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Course Descriptions

University of Illinois Courses, Schedules, Requirements

Program advisers will work with students in selecting appropriate courses for the individual programs. Note: Accountancy course prerequisites are strictly enforced

199 Undergraduate Open Seminar
May be repeated. 1 to 5 hours.

200 Fundamentals of Accounting
A survey course in the principles of accounting for students registered in schools and colleges other than Commerce and Business administration. Prerequisite: Sophomore standing. Credit is not given for both Accountancy 200, and either 201 or 202. 3 hours.

201 Accounting & Accountancy, I
An introduction to the role of contracts, both implicit and explicit, within business environment, and the role of accounting in providing information for negotiation, execution and monitoring of such contracts. Topics include contracting as a means of coordinating interactions between members of society, the role of information in making various contract-related decisions, accounting information systems, and the roles of accountants in society. Projects facilitate self-discovery of knowledge and development of a variety of professional skills and attitudes. Prerequisite: ECON 102 and ECON 103 or equivalents. Department will begin enforcing this prerequisite in Summer 2002. 3 hours.

202 Accounting & Accountancy, II
A continuation of Accountancy 201. Prerequisite: Accountancy 201. 3 hours.

299 Senior Research
A research and readings course for students majoring in accountancy. May be taken by students in the college honors program in partial fulfillment of the honors requirements. Prerequisite: Cumulative grade-point average of 4.0, honors in the junior year, or consent of instructor; senior standing. May be repeated to a maximum of 6 hours. 2 to 4 hours.

301 Accounting Measurement and disclosure
Development and disclosure of organization performance measures, both financial and non-financial, for use by individuals both internal and external to the organization. Topics include measurement and disclosure objectives and methods, and the role of measurement and disclosure in design, performance and monitoring of the nexus of contracts from which organizations are formed. Projects facilitate self-discovery of knowledge and development of a variety of professional skills and attitudes. Prerequisite: ACCY 202, or equivalent and concurrent enrollment in ACCY 302 by students majoring in Accountancy (recommended for non-accountancy major); or consent of department. 4 hours.

302 Decision Making for Accountancy
Decision making implications of information provided to organization managers and to external stakeholders such as investors, creditors, customers, and regulators. Concepts from economics, statistics, and psychology emphasize the use of quantitative techniques to comprehend uncertainty and risk. Projects facilitate self-discovery of knowledge and development of a variety of professional skills and attitudes. Prerequisite: ACCY 202 or equivalent; ECON 203 or equivalent or concurrent enrollment; and concurrent enrollment in ACCY 301 by students majoring in Accountancy (recommended for non-Accountancy majors); or consent of department. 4 hours.

303 Accounting Institutions and Regulation
Regulation theory and practice as applied to accounting. Topics include regulation of accounting procedures for external reporting, taxation, and rate-setting and other governmental agency activities. Projects facilitate self-discovery of knowledge and development of a variety of professional skills and attitudes with emphasis on professional research. Prerequisite: ACCY 301 and ECON 302 and fin 221; consent of department. 4 hours.

304 Accounting Control Systems
Broad perspective on accounting and control that considers attainment of all goals of an organization, including those concerned with financial objectives. Topics include the conceptual foundations of control and application of practical, analytical tools to the evaluation of an organization’s control environment. Cases, class discussion and field research projects emphasize independent thinking, group processes, and communication. Prerequisite: ACCY 301 and ACCY 302 and Badm 310, or consent of department. 4 hours.

*ACCY 301 through 304 and ACCY 405 are not available for credit to students enrolled in Accountancy graduate programs.

312 Taxation Rules and Regulations
Taxation of business entities (proprietorships, partnerships, S corporations and C corporations) and the individuals who own the entities (proprietors, partners and shareholders). Topics include tax planning, tax rules and regulations, and tax research. Projects facilitate self-discovery of knowledge and development of a variety of professional skills and attitudes. Prerequisite: ACCY 202 or equivalent. 4 hours.

321 Socio-Economic Management as Public Policy
Same as Business administration 303 and Political Science 321. Contact Political Science Department for more information.

352 Database Design and Management
Same as Business administration 352. Contact the Business administration Department for details.

353 Information System Analysis and Design
Same as Business administration 353. Contact the Business administration Department for details.

405 Assurance and Attestation
Conceptual introduction to diverse means by which assureres improve the quality of information used by third parties for contracting purposes, with emphases on the credibility and relevance enhancement properties of assurer’s services. Topics include the economics of assurance and attestation, and concepts including independence, risk, evidence, and control. Projects facilitate self-discovery of knowledge and development of professional skills and attitudes. Prerequisite: ACCY 304 or consent of department. 4 hours.

410 financial Reporting Standards
Current authoritative accounting standards and applications to accounting practice. Topics do not represent the full range of financial reporting issues, but are selected based on frequency of the underlying business transaction, complexity of the topic, consistency of applicable standard with underlying reporting concepts, and transferability of the standard to other accounting issues. Projects facilitate self-discovery of knowledge and development of a variety of professional skills and attitudes. This course is for students enrolled in the Certificate in Accountancy program. Prerequisite: ACCY 303 or consent of department. 4 hours.

415 Auditing Standards and Practice
A framework for understanding and evaluating the professional auditing standards for assurance services. A model of financial reporting provides an overview of the types of information disseminated by companies to external users, and provides the basis for identifying professional standards areas for future standards' development. Projects facilitate self-discovery of knowledge and development of a variety of professional skills and attitudes. This course is for students enrolled in the Certificate in Accountancy program. Prerequisite: ACCY 405 or consent of department. 4 hours.

431 Accounting Systems Design
Examines the fundamentals of accounting systems design, including systems analysis and design techniques; surveys hardware and software considerations; analyzes accounting applications within functional areas of the firm; and studies the control of computerized systems in a business environment. Prerequisite: ACCY 202 and Computer Science 105, or equivalent. 3 hours.

432 Introduction to Management Information Systems
Same as Business administration 432. Analyzes information systems from a management control perspective, emphasizing organization environment, technology, decision models and performance evaluation as determinants of information processing requirements; cases and design projects explore the management of information processing systems, major functional applications and impacts of information technology on individuals and society. Prerequisite: Computer Science 105 or equivalent, or consent of department. 3undergraduate hours, or 2 to 4 graduate hours.

451 Advanced Income Tax Problems
Basic discussion of history, theory, and broad outlines of federal income taxation for individuals, partnerships, and corporations, including the more important basic concepts involved in federal income taxation. Prerequisite: Accountancy 200 or 202. 3 hours.

455 Management Information and Control Systems
Same as Business administration 459. Integration of behavioral, quantitative, and system design concepts in relation to professional work in the management information systems area. Prerequisite: Business administration 353 or consent of department. 3 undergraduate hours, or 2 to 4 graduate hours.

501 Accounting Analysis, I
Uses of accounting information; collection, processing, and communication of accounting information; measurement of assets, liabilities, equities, and income; and accounting system design. Prerequisite: Enrollment in msa graduate degree program or consent of department. 4 hours.

502 Accounting Analysis, II
An in-depth study of accounting valuation process, accounting income measurement, and special reporting problems of multiple-entity organizations. Prerequisite: ACCY 501 or equivalent; enrollment in msa graduate degree program or consent of department. 4 hours.

503 Managerial Accounting
Introduction to management accounting as part of the firm's information system, in terms of modern cost accounting and budgetary systems for planning and controlling business operations. Prerequisite: Credit or concurrent registration in ACCY 501 or equivalent; enrollment in msa graduate degree program or consent of department. 4 hours.

504 Auditing
Introduction to conceptual and applied material in the field of auditing. Emphasizes the audit process, reporting, and professional responsibilities. Prerequisite: Credit or concurrent registration in ACCY 502 or equivalent; enrollment in msa graduate degree program or consent of department. 4 hours.

505 Federal Taxation
Introduction to historical and conceptual as well as applied material in the accounting area of federal taxation; emphasizes the provisions of the tax law relevant to accounting measurement methods. Prerequisite: ACCY 501; enrollment in msa graduate degree program or consent of department. Students may not receive credit for both Accountancy 312 and 505. 4 hours.

510 financial Reporting Standards
Stakeholders' needs for reliable and relevant information about the performance of firms, as well as managers; economic self-interests, influence managers' selection of accounting policies and financial reporting methods. This course selectively surveys both academic research and professional standards to focus on the measurement, classification and disclosure of financial transactions. Cases, class discussion and research projects emphasize independent thinking, group processes, and communication. Prerequisite: ACCY 303, fin 300 and enrollment in the BS/MS in Accountancy program or consent of department. 4 hours.

511 Risk Measurement and Reporting, I
Fundamental structure of accounting theory developed through the study of concepts characteristic of accounting and an examination of the literature dealing with the concise formulation of accounting principles. Prerequisite: Accy 510 and enrollment in graduate accounting degree program or consent of department. 4 hours.

512 Risk Measurement and Reporting, II
Examines recent conceptual and analytical developments in the area of management accounting; includes a study of modern and relevant planning and control techniques and their underlying concepts as applied to the various functional areas within the firm. Prerequisite: ACCY 511, enrollment in graduate degree program or consent of department. 4 hours.

515 Auditing & Assurance Standards
Role of professional and ethical standards in the conduct of auditing and assurance services and the role of auditing and assurance services in corporate governance. This course selectively surveys both academic and professional literature to focus on the conduct of auditing and assurance services. Cases, class discussion and research projects emphasize the importance of independent thinking, group processes, and communication for professional accounting practice. Prerequisite: ACCY 405 and enrollment in the BS/MS in Accountancy program or consent of department. 4 hours.

517 financial Statement Analysis
Examines tools and techniques of financial statement analysis from the perspective of investors and creditors; emphasizes theoretical and empirical properties of financial ratios. Prerequisite: ACCY 501, fin 520, B adm 572; or equivalent; and enrollment in graduate degree program or consent of department. 4 hours.

551 Corporate Income Taxation
Analyzes the tax treatment, problems, planning techniques, and underlying governmental policies involving corporations and their shareholders; coverage includes formations, operations, distributions, liquidations, reorganizations, and affiliations. Prerequisite: ACCY 312 or equivalent. 4 hours.

552 Partnership Income Taxation
Analyzes the tax treatment, problems, planning techniques, and underlying governmental policies involving partnerships and their partners, including Subchapter S corporations and their shareholders. Prerequisite: ACCY 312 or equivalent. 4 hours.

553 Selected Topics in Federal Taxation
Seminar on federal tax topics of current interest in specialized areas; topics include international taxation, deferred compensation, problems of closely-held businesses, estate planting, taxation of trusts, and new developments. Prerequisite: ACCY 451 or consent of department. May be repeated with consent of department. Additional topics will be offered for additional credit. 2 to 4 hours.

556 Tax Research
Provides the student with a working knowledge of tax research methodology utilized by accountants in public practice. Aims to develop the student's capacity for either solving or defending his/her position with respect to a particular tax issue. Prerequisite: ACCY 312, graduate standing or approval of department. 4 hours

560 Information in Value Creation
Introduction to the role of information in processes employed by organizations to create value in market settings, including concepts and theories from strategic management, economics of organization, and systems theory and the relevance of such theories to the concepts and practices of accounting and auditing. This course is for graduate accountancy students who did not earn a bsa at uiuc. Prerequisite: Enrollment in graduate accounting degree program and consent of department. 4 hours.

585 Theoretical Constructs in Accounting Research
Examines the role of information in economic and behavioral models of decision-making under uncertainty; presents major paradigms underlying contemporary accounting research. Interdisciplinary approach; readings drawn from the accounting, behavioral, economics, and finance literature. Prerequisite: MATH 463, ACCY 591, and ECON 502. 4 hours.

590 Advanced Professional Internship in Accountancy
A formalized learning experience in combination with practice of accounting while engaged in an internship with a public accounting firm, business, or other off-campus organization; prior approval of learning plan and a summary report of learning experience required. Prerequisite: Open only to accountancy majors enrolled in the department’s integrated bachelor/master program or students with graduate standing in accountancy; completion of 300-level accountancy courses appropriate to internship learning plan; and consent of department. 0 to 4 hours. May be repeated to a maximum of 4 hours.

591 Methods and Practices in Professional Research
Instruction in research methods, materials, and techniques together with individual practice in conducting and reporting specific professional research projects. Prerequisite: Enrollment in graduate accounting degree program or consent of department. 4 hours.

592 Accountancy Research Orientation
Comparative study of alternative methodologies and conceptual frameworks and their application to selected current research issues central to the development of accounting thought, both theoretical and empirical. Prerequisite: Accountancy 411 and 421 and courses in behavioral science, mathematics, and economics; or equivalent background and admission to the accountancy Ph.D. program; or consent of department. 4 hours.

593 Special Research Problems
Individual investigations or research projects selected by the students, subject to approval by the graduate adviser and the executive officer of the department. Prerequisite: Enrollment in graduate accounting degree program or consent of department. 1 to 8 hours.

594 Doctoral Research Seminar
Seminars in various accounting areas designed to enhance the research abilities of doctoral students and to assist them in preparing research proposals; these include Behavioral Dimensions, Public Sector, Tax, Auditing, Managerial, and others announced in the Timetable. Prerequisite: Credit or concurrent registration in Accountancy 592 or consent of department. Maybe repeated. 4 hours.

595 Models of Decision and choice
Same as Psychology 534. See the Psychology Department for details.

599 Thesis Research
Individual direction and guidance in writing theses; seminar discussion of progress made. O to 16 hours.