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Curriculum

Stern offers a range of MS in Accounting courses that prepare students for unparalleled access to top careers. Below is the list of courses offered in the program.


Advanced Managerial Accounting

This course focuses on decision making in single and multi-period environments where there are uncertainties and complex combinations of costs. It considers examples involving service and financial institutions and highlights current practices in performance management and evaluation.

Auditing

An intensive study is made of fundamental concepts and principles underlying the examination of the financial statements 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.

Business Acquisitions, Deferred Taxes, Translations, and Derivatives

This advanced level course will cover accounting for income taxes, business combinations, consolidations, foreign operations, and derivatives. A good knowledge of these topics is crucial for a successful accounting career.

This course requires Financial Statement Analysis as a prerequisite. If you have not established proficiency in Financial Statement Analysis, you will be required to register for NYU Stern’s Financial Statement Analysis intensive workshop to be offered in the Fall semester.

Data Analysis and Management

The course provides students with an overview of the key concepts for establishing a comprehensive data management strategy for a large organization, ensuring that its analytical financial needs are efficiently, effectively, and securely addressed. The course will have an emphasis on real-case scenarios that companies face when addressing global data challenges. Furthermore, the course will address current trends in managing structured data as organizations move to the Cloud-based computing services.

Financial Reporting and Disclosure

This course uses tools learned in Financial Accounting and Reporting, such as ratio and accounting analysis, to discuss financial reporting principles, emphasizing the link between the reporting principles and the financial statements. Students learn how management uses financial reporting decisions to influence reported income and asset and liability values, and they gain the tools necessary to analyze the impacts of alternative reporting decisions on financial statements. It is ideal for students who wish to pursue careers in investment banking, investment management, and consulting as well as public accounting. In addition to being a required course for the CPA-track, it is a highly recommended course for students in finance, economics, marketing, and information systems.

This course requires Financial Statement Analysis as a prerequisite. If you have not established proficiency in Financial Statement Analysis, you will be required to register for NYU Stern’s Financial Statement Analysis intensive workshop to be offered in the Fall semester.

Forensic Accounting and Financial Statement Fraud

The objective of the course is to impart a detailed understanding of forensic accounting with particular emphasis on the methods to detect financial statement fraud. It 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.  It also includes an analysis of the general techniques used in working in litigation support services. It is of particular interest to accounting and finance professionals. 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. It reviews 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.

This course requires Financial Statement Analysis as a prerequisite. If you have not established proficiency in Financial Statement Analysis, you will be required to register for NYU Stern’s Financial Statement Analysis intensive workshop to be offered in the Fall semester.

Foundations of Corporate Finance

This course analyzes the major financial decisions facing corporate managers.  The major topics include investment valuation (capital budgeting), capital structure and dividend policy, and mergers and acquisitions.  There will be emphasis on both developing the tools and mindset of the financial practitioner as well as examining specific applications in the form of examples and several case discussions.

Modeling Financial Statements

Making educated decisions today by forecasting operating and financial performance is a critical exercise for owners, managers, consultants, investment bankers, creditors, equity and credit analysts, as well as investors such as private equity groups, hedge funds, institutional investors, and individuals. Financial projections are rarely perfect as the future cannot be predicted, however this course endeavors to model several scenarios forecasted on historical and anticipated results to derive various conclusions. There are myriad variables that can be incorporated into projections, but the best financial model is always the one that is stable and robust, yet simple and easy to build, navigate, and audit. The goal of this course is to provide step-by-step instruction on how to build a comprehensive, multi-purpose projection model in Excel and subsequently interpret selective operating, credit, and equity valuation data. Based on this information, students learn how to evaluate a company’s operating and financial performance; how to develop an appropriate capital structure by structuring debt and equity transactions which not only protect both the creditors and shareholders, but also create an appropriate risk and reward equilibrium; and how to formulate an educated investment opinion.

This course requires Financial Statement Analysis as a prerequisite. If you have not established proficiency in Financial Statement Analysis, you will be required to register for NYU Stern’s Financial Statement Analysis intensive workshop to be offered in the Fall semester.

Professional Responsibility

The purpose of this interdisciplinary course is twofold: First, it is designed to build the student's awareness of the interplay among a society's laws, ethical norms, and markets. Second, through case analyses, it provides the student with a chance to exercise his or her own ethical judgment in business situations. The overall goal is to help the student to realize that ethical assumptions, choices, and conflicts are inherent in virtually all business decisions, and to develop a greater understanding of the manager's professional responsibilities. Essential topics include fiduciary responsibilities, product liability, ethical issues in the workplace (such as preferential hiring, sexual harassment, drug testing, or whistle blowing) and ethical conflicts in international business. Yet, by the instructor's selection of specific cases or readings, each section of the course will differ slightly in emphasis. Course instructors come from every department in the Stern School and reflect a broad range of interests and orientation.

Taxation of Individuals and Business Income

This course focuses on federal income tax law as it applies to individuals. Topics covered in this course include what constitutes income; what is deductible; the tax treatment of gains and losses; and which income items are taxed at preferential rates. Learning to read and apply the Internal Revenue Code and Treasury Regulations is an important focus of this course. Class discussion often will focus on the application of the Internal Revenue Code, Treasury Regulations, cases, and other sources of tax law to the factual situations in the problems in the casebook. Policies underlying the tax law will also be discussed.

Topics in Advanced Communication in Accounting

Effective communication is now seen as an essential aspect of employability in any business setting. But in recent years, the specific communication tasks that new CPA accountants encounter early in their careers have become much more demanding. Young recruits can no longer remain in back-office cubicles crunching numbers. They must now be prepared to join with more senior members of a firm and interact with clients as well as take responsibility for important documents that will circulate internally or go out to clients. The activities and assignments in this new course will help staff-level accountants improve their ability to write industry-specific documents, compose effective messages to clients, develop the interpersonal skills to successfully participate in client interviews, probe and listen to obtain requisite information, and importantly, to engage comfortably and appropriately in all client interactions.

Some classes may be offered in the evenings, on weekends or online.