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Graduate Courses


Course Listings

NOCR-GB.1001.01  -  B00.1001 - Accounting Workshop

COR1-GB.1306  -  B01.1306 - Financial Accounting and Reporting

ACCT-GB.2302  -  B10.2302 - Financial Reporting and Disclosure

ACCT-GB.2303  -  B10.2303 - An Integrated Approach to Financial Statement Analysis

ACCT-GB.3108 CREDIT RATINGS AND FIXED-INCOME CREDIT ANALYSIS

ACCT-GB.3110  -  B10.3110 - A Winning Investor Relations Strategy

ACCT-GB.3149  -  B10.3149 - Entertainment Accounting

ACCT-GB.3150  -  B10.3150 - E-Commerce: Accounting, Control and Valuation

ACCT-GB.3303  -  B10.3303 - Financial Planning and Analysis

ACCT-GB.3304  -  B10.3304 - Modeling Financial Statements

ACCT-GB.3305  -  B10.3305 - Information Analysis for Efficient Cost and Profit Management

ACCT-GB.3310 -  B10.3310 - Forensic Accounting and Financial Statement Fraud

ACCT-GB.3313  -  B10.3313 - Auditing

ACCT-GB.3320  -  B10.3320 - Topics in Corporate Strategies and Financial Disclosures

ACCT-GB.3321  -  B10.3321 - Analysis of Financial Institutions and Financial Instruments

ACCT-GB.3330  -  B10.3330 - Accounting for Mergers, Acquisitions and Related Matters

ACCT-GB.3335  -  B10.3335 - International Reporting and Analysis

ACCT-GB.3355  -  B10.3355 - Accounting and Valuation Issues in the Entertainment, Media & Technology Industries

ACCT-GB.3360  -  B10.3360 - Accounting, Tax, & Legal Issues in Entrepreneurship

ACCT-GB.3380  -  B10.3380 - Taxation of Individuals and Business Income

ACCT-GB.2305  -  B10.2305 - Strategic Business Planning & Taxes

ACCT-GB.3336  -  B95.3336 - Taxation of Mergers, Acquisitions and Related Matters

 

Course Descriptions


Accounting Workshop                       
NOCR-GB.1001.01 - B00.1001

0 credits.

Prerequisites:

  • None

The purpose of the accounting preterm module is to introduce students to the fundamentals of financial accounting and the basic business terms used in the United States. The preterm is for students with no accounting background. Topics include an introduction to basic accounting concepts including assets, liabilities, owners' equity, book value, net worth, receivables, payables, and the fundamental accounting equation.

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Financial Accounting and Reporting
COR1-GB.1306 - B01.1306

3 credits. Fall and spring terms.

Prerequisites:

  • None

Accounting reports are an important means of communication with investors. This course focuses on the development, analysis and use of these reports. It provides an understanding of what these reports contain, what assumptions and concepts accountants use to prepare them, and why they use those assumptions and concepts.

The course uses simple examples to provide students with a clear understanding of accounting concepts. It stresses the ability to apply these concepts to real world cases, which by their very nature are complex and ambiguous. In addition to text-oriented materials, the classes also include cases so that students can discuss applications of basic concepts, actual financial reports, and articles from newspapers. In addition to traditional introductory topics other topics may include mergers and acquisitions, purchase and pooling, free cash flow and financial statement analysis.

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Financial Reporting and Disclosure
ACCT-GB.2302 - B10.2302

3 credits. Fall and spring terms. Crosslisted with C10.0021.

Prerequisites:

  • B01.1306 Financial Accounting and Reporting
  • Not to be taken by students who have taken B10.3320 Topics in Financial Accounting

The course uses tools learned in Financial Accounting and Reporting, such as ratio and accounting analysis, to discuss, in depth, financial reporting principles, emphasizing the link between the reporting principles and the financial statements. Students will learn how management uses financial reporting decisions to influence reported income and asset and liability values, and they will gain the tools necessary to analyze the impacts of alternative reporting decisions on financial statements.

This course is ideal for students who wish to pursue careers in investment banking, investment management, consulting, as well as public accounting. In addition to being a required course for CPA-track accounting majors, it is a highly recommended course for majors in finance, economics, marketing and information systems.

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An Integrated Approach to Financial Statement Analysis
ACCT-GB.2303 - B10.2303

3 credits.

Prerequisites:

  • B01.1306 Financial Accounting and Reporting

Describes financial reporting objectives and methods used by corporations. Focuses on the analysis of the information in corporate financial statements, including the impact of alternative accounting procedures and assumptions. Offers ways to adjust for selected reporting differences. Discusses applications using cross-sectional and time series analysis. Case studies (including firms with international operations), computer databases, and computer-based assignments may be used. An understanding of basic financial concepts is recommended.

 

ACCT-GB.3108 CREDIT RATINGS AND FIXED-INCOME CREDIT ANALYSIS (1.5 credits)

Course Description: The course examines credit ratings systems and methodologies used by both rating agencies and financial institutions. It will provide a comprehensive overview of the methodologies used for analyzing the creditworthiness of corporate obligations, government and municipal obligations, and structured finance securities. It also address the purpose and use of credit ratings, including the impact of ratings on market access and on a firm’s cost of capital. It will explore the regulatory environment as it applies to credit ratings and examine the rating agencies’ “issuer-pay” business model as well as possible alternatives. The course is designed to cover a range of content that would be pertinent to future financial managers as well as to analysts. It is intended for who wish to pursue careers in investment banking, corporate finance, fixed-income investment management, mergers and acquisitions, or the credit rating industry. The course will include class presentations, assigned readings, and analysis of case studies drawn from various practices and issuers, and class discussions. It will include also presentations of guest practitioners.Pre-requisites: 
COR1-GB.1306 - FIN ACCOUNTING & REPORTNG

ACCT-GB.3110  -  B10.3110 - A Winning Investor Relations Strategy


Investor relations executives bridge the gap between public companies and investors. They report to the CEO or CFO and have a dual role: providing investors with actionable corporate information, and informing managers about investors’ sentiments and planned actions. Investor relations officers, operating in most public companies around the world, are highly qualified financial executives, often ascending to the CFO job.

ACCT-GB.3149 ENTERTAINMENT ACCOUNTING (1.5 credits)

Course Description: In this course, we will study various entertainment enterprises including movies, television, music, publishing, broadcasting, and the internet. We will analyze and discuss in-depth how accounting for particular transactions impacts the financial results of these enterprises. Accounting topics will include revenue recognition, goodwill and intangibles, amortization of inventory, stock compensation and royalties.Pre-requisites: 
COR1-GB.1306 - FIN ACCOUNTING & REPORTNG

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E-Commerce: Accounting, Control and Valuation
ACCT-GB.3150 - B10.3150

1.5 credits.

Prerequisites:

  • B01.1306 Financial Accounting: A User Perspective, or
  • B09.2301 Financial Accounting: A User Perspective

This course examines the economic environment of E-Commerce operations, analyzing the type of settings that are most conducive to successes or to failures of E-Commerce activities. It also addresses the set of unique financial reporting and managerial control issues relating to E-commerce operations, and provides market valuations of these operations.

Financial reporting issues affecting firms in the digital economy include how and when revenue is recognized, how expenses are recognized for the granting and exercising of employee and director stock options, and the treatment of expenditures required to build important assets such as software and brand recognition. Unique aspects of managerial control in E-commerce firms include security of systems and transactions, integrity of record keeping, employee compensation, and considerations provided to suppliers.

Valuation of E-Commerce operations is performed by utilizing the historical relationships between firm's revenues and expenses and value drivers, which are then used to estimate future cash flows and value.


Topical Coverage:

1. Evaluation of the business setting and the potential of the E-Commerce operations, including evaluation of specific business models (5-7 sessions).
2. Financial reporting issues (2-3 sessions).
3. Valuation (4-5 sessions).

 

ACCT-GB.3303 FINANCIAL PLANNING AND ANALYSIS (3 credits)

Course Description: This is a full-semester introductory course in the financial planning and analysis (FPA, a.k.a. managerial accounting). The first half of the course develops a set of tools for measuring profitability by product, customer, etc. The second half applies these concepts to determine the performance of business units - and of the managers running those - in decentralized firms. No prior knowledge of the material is required or even expected. The following specific topics will be covered:

Product costing for decision making

Activity-based costing (ABC) and profitability analysis

Budgeting and variances

Decentralization and transfer pricing

Performance evaluation and compensation for managers of profit centers

Performance evaluation and compensation for managers of investment centers

The "War of Metrics": Cash Flow, EVA, Balanced Scorecard, etc.Pre-requisites: 
COR1-GB.1306 - FIN ACCOUNTING & REPORTNG

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Modeling Financial Statements
ACCT-GB.3304 - B10.3304

3.0 credits.

Prerequisites:

  • B01.1306 Financial Accounting and Reporting
  • B01.2311

Various management disciplines teach you how to analyze and forecast parts of a business. Building on this foundation, this course will help you weave your forecasts into coherent spreadsheet-based pro-forma financials. Modeling and projecting comprehensive financial statements provides a reality check on the forecasts, enables "what if" analysis, provides an integrated view of the business, and is a key step in valuation.

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Information Analysis for Efficient Cost and Profit Management
ACCT-GB.3305 - B10.3305

3 credits.

Prerequisites:

  • B01.1306 Financial Accounting and Reporting

This course complements courses addressing operational management, marketing and strategy. Cost management plays a key-supporting role in the creation of more value to the consumer of a firm's products and services, thus enhancing its competitiveness. Any organization can benefit from cost management systems that accurately provide information and that facilitates integration of initiatives such as total quality, new product and service design, cost reduction and business process improvement that enhances their competitiveness and profitability.

Topics will include design and implementation of cost measurement systems for production and strategy choice, management control, enhancement of quality, timeliness and the measurement of customer, product and market regional profitability and the use of cost information during design and production stages. You will learn to cost products, services and strategies in manufacturing, financial and service industries with accuracy. Activities that do not contribute value to the firm and those that increase efficiency of operations are discerned, facilitating intelligent strategic budgeting processes. Efficient cost reduction approaches, monitoring of performance, quality enhancement projects and strategies to increase profitability of the firm are components of the course. Learn to measure outcomes through performance measures such as deviations from standard norms, return on investment, economic value added and balanced score card techniques. Tools such as activity based costing, target costing, Kaizen and customer profitability analysis are discussed using appropriate case studies from companies.

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Forensic Accounting and Financial Statement Fraud
ACCT-GB.3310 - B10.3310

 Prerequisites:

  • B01.1306 Financial Accounting and Reporting

The objective of the course is to impart a detailed understanding of forensic accounting with particular emphasis on the methodologies of financial statement fraud. The course is designed to demonstrate the various aspects of fraud, i.e., fraudulent financial reporting, identifying fraud schemes, including computer fraud and methods of concealment, as well as the analytical techniques in uncovering fraud and its prevention through effective internal control systems. The course also includes an analysis of the general techniques used in working in litigation support services. The course is of particular interest to the accounting profession, the world of finance and to business in general. The course content has also become of critical interest to regulators and lawmakers because of the notoriety of a series of recent financial scandals that have affected the entire business community. The course will also review the new institutional structures that have been put in place recently by lawmakers and the accounting profession to deal with fraud and its prevention, i.e., the Sarbanes-Oxley Act and self-regulating measures adopted by the accounting profession.

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Auditing
ACCT-GB.3313 - B10.3313

3 credits. Fall and spring terms. Crosslisted with C10.0041

Prerequisites:

  • B01.1306 Financial Accounting and Reporting

An intensive study is made of fundamental concepts and principles underlying the examination of the financial statement by the independent public accountant. Auditing and reporting standards and the responsibilities assumed by the auditor in the attest function are analyzed within the broad framework of the code and principles of professional conduct.

Emphasis is placed on the evaluation of evidential matter and the system of internal control. Current literature is examined, including the publications of the AICPA Auditing Standards Board.

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Topics in Corporate Strategies and Financial Disclosures
ACCT-GB.3320 - B10.3320

3 credits. Fall and spring terms.
Prerequisites:

  • B10.2302 Financial Reporting and Analysis or B10.2303 An Integrated Approach to Financial Statement Analysis

A fact-based course that addresses reporting and disclosure issues for
three aspects of corporate mergers and acquisitions. Coverage emphasizes:
(1) ways to legally structure a merger or acquisition, (2) tax laws and
strategic planning for mergers and acquisitions, and (3) accounting rules
behind mergers and acquisitions. New accounting rules for mergers and
acquisitions and goodwill will be addressed and evaluated. In moving from
subject to subject, the various aspects of the course will be integrated.
At the end of the course, students will know how to structure a deal to
satisfy a client's demand for legal, tax, and accounting attributes.
 

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Analysis of Financial Institutions and Financial Instruments
ACCT-GB.3321 - B10.3321
 

3 credits.
Prerequisites:

  • B01.1306 Financial Accounting and Reporting
  • B10.2302 Financial Reporting and Analysis or B10.2303 An Integrated Approach to Financial Statement Analysis

This course provides the skills necessary to analyze the financial reports of financial services firms (thrifts, mortgage banks, commercial banks, lessors, and insurers) and other firms that hold financial instruments or engage in structured financial transactions. Emphasis is placed on the critical and interrelated roles of fair value accounting information and risk and estimation sensitivity disclosures provided in those reports. Topics covered include the accounting for investment securities, securitizations, derivatives and hedging, leases, and insurance, and disclosures of interest rate risk and interest income, credit risk and losses, and market risk.

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Accounting for Mergers, Acquisitions and Related Matters
ACCT-GB.3330 - B10.3330

3 credits. Fall and Spring terms. Crosslisted with C10.0022.

Prerequisites:

  • B01.1306 Financial Accounting and Reporting
  • Not to be taken by students who have taken B10.3320 Topics in Financial Accounting.

This course focuses on four major issues in financial reporting; accounting for mergers and acquisitions, preparation of consolidated financial statements, the translation of foreign currency financial statements and foreign currency transactions, and accounting for derivatives including the use of derivatives in hedging transactions. This course is recommended for both accounting and finance majors.

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International Reporting and Analysis
ACCT-GB.3335 - B10.3335

3 credits.

Prerequisites:

  • B10.2302 Financial Reporting and Analysis or B10.2303 An Integrated Approach to Financial Statement Analysis

This course focuses on policy issues of foreign currency translation, global inflation, transnational reporting and disclosure, international accounting and auditing standards. Financial statements of multinational and foreign firms are used for financial statement analysis. May include case studies, computer-based assignments, and research projects.

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Accounting and Valuation Issues in the Entertainment, Media & Technology Industries
ACCT-GB.3355 - B10.3355

 Prerequisites:

  • B01.1306 Financial Accounting and Reporting

This course examines accounting and valuation issues that are distinctive to the various EMT industries. The first part of the course describes financial economic phenomena that are common to these industries, such as the nature and importance of tradeoffs between fixed and variable cost structures, significant contingent aspects of compensation and financing contracts, and the tension between accelerating and delaying investments given potential first mover advantages but high uncertainty. The second part of the course discusses special rules that govern financial accounting in these industries. Emphasis is placed on the limitations of accounting numbers given the largely intangible nature of the economic assets (e.g., subscriber bases, libraries, and brands) in these industries. The third part of the course is devoted to valuation of EMT firms using discounted cash flow, accounting-based and non-financial measures-based valuation approaches.

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Accounting, Tax, & Legal Issues in Entrepreneurship
ACCT-GB.3360 - B10.3360

3 credits.

Prerequisites:

  • B01.1306 Financial Accounting and Reporting

This course complements C10.0003, Financial Statement Analysis, by a more extensive analysis of financial statements and the financial reporting rules underlying them. The course uses tools learned in Financial Statement Analysis, such as ratio and accounting analysis, to discuss financial reporting principles, emphasizing the link between the reporting principles and the financial statements. Students will learn how management uses financial reporting decisions to influence reported income and asset and liability values, and they will gain the tools necessary to analyze the impacts of alternative reporting decisions on financial statements.

This course is part of a sequence that is ideal for students who wish to pursue careers in investment banking, investment management, consulting, as well as public accounting. In addition to being a required course for accounting majors, it is a highly recommended course for majors in finance, economics, marketing and information systems.

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Taxation of Individuals and Business Income
ACCT-GB.3380 - B10.3380

Crosslisted with C10.0063.

Prerequisites:

  • B01.1306 Financial Accounting and Reporting

The purpose of this course is to develop, on a sound conceptual base, a basic understanding of federal income taxation to provide tools for a practical application to business and non-business situations. Includes such topics as capital asset and property transactions, business and personal deductions, depreciation, depletion, accounting methods and periods, retirement plans, tax credits and the alternative minimum tax system. While the emphasis is on business income of individuals, the course also provides an introduction to the taxation of corporations and partnerships. During the fall semester, the students are required to enter the annual tax tournament scheduled for late November. Students in the spring semester are required to complete a group take-home project similar to the tax tournament case study.

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Strategic Business Planning & Taxes
ACCT-GB.2305 - B10.2305

 Prerequisites:

  • B01.1306 Financial Accounting and Reporting

The objective of this interdisciplinary course is to consider the tax environment, institutional constraints, legal procedures and the organizational structure in arriving at optimal business decisions. Modern economic theory of tax planning would be used to analyze decision making, explain institutional arrangements, and predict the effects of changing tax environments for businesses. Concepts are applied to compensation and pension planning, employee stock ownership plans, multinational tax planning, capital structure and dividend policy, debt financing to eliminate corporate level taxes, repackaging ownership rights through joint ventures and partnerships, mergers and acquisitions, tax-free reorganizations and divestitures, and preservation of tax attributes in reorganizations. Classroom discussions include problems and case studies.

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Taxation of Mergers, Acquisitions and Related Matters
ACCT-GB.3336 - B95.3336

Crosslisted with C10.0064.

Prerequisites:

  • B01.1306 Financial Accounting and Reporting

A study of the income tax rules relating to the formation and operation of business corporations. Includes such topics as the organization of the corporation, redemptions, liquidations, reorganizations, divisions, multiple corporations, corporate tax attributes and carryovers, state income taxation, and U.S. taxation of foreign source income. The emphasis is, however, the tax aspects of mergers and acquisitions. Classroom discussions include problems and case studies. Students are assigned a group project requiring the solution of a case study in the area of corporate reorganizations and divisions.

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For a full list of course offerings and syllabi, visit www.stern.nyu.edu/Academic/Syllabi.