Santa Clara University

Leavey School of Business

Course Descriptions

ACCOUNTING (ACTG)

Professors: Yongtae Kim, Susan Parker
Associate Professors: Michael J. Calegari, Michael J. Eames (Chair), Haidan Li, Suzanne M. Luttman, Jane A. Ou, James F. Sepe, Neal L. Ushman
Assistant Professor: Siqi Li
Robert and Barbara McCullough Professor: Michael Eames
Dean’s Executive Professor: Christopher Paisley
Professors of Practice: Ken Fowler, Brian Nelson

Santa Clara University declares its purpose to be the education of the human person within the Catholic and Jesuit tradition. Within the framework of this overall mission, the Department of Accounting aspires to develop the knowledge, skills, values, and attitudes that graduates will need to succeed as competent, ethical professionals in the practice of accounting and as decision makers in business, government, and not-for- profit organizations.

ACTG 2300. Financial Accounting
Introduces the roles, concepts, principles, legal requirements, and impacts of external financial reporting. Covers basic financial statements and the analysis and recording of transactions, with a focus towards interpretation of reported results. Studies the more common and significant transactions impacting firms. Open to MSF and MSE students only. Prerequisite: None. (3 units)

ACTG 3100. Financial Reporting and Management Control – Part 1
Prerequisite: None. (Part 1 of 6 unit cohort course. Must be taken in sequential quarters.)

ACTG 3102. Financial Reporting and Management Control – Part 2
This 6-unit course focuses on issues and techniques relating to the gathering, presentation, and analysis of the financial information firms publicly report to the capital markets regarding firm position and performance. The course subsequently considers the use of this information, along with non-financial and proprietary information, in tactical and strategic decision processes designed to enhance stakeholder value for an organization. Prerequisite: ACTG 3100. (Part 2 of 6 unit cohort course. Must be taken in sequential quarters.)

Students who have completed ACTG 300 and ACTG 302 in the old curriculum have satisfied the ACTG 3100 and 3102 requirement. Students switching to the 2013 curriculum who have only completed ACTG 300 must register for and complete ACTG 302 before Summer 2014 and are not eligible to register for ACTG 3102.

ACTG 2303/3303. Corporate Financial Reporting
An in-depth study of the concepts underlying external financial reporting, along with expanded coverage of basic financial statements, detailed analysis of measuring and reporting assets, liabilities, shareholders’ equity, and related revenues and expenses. Takes a decision-making perspective by framing the financial reporting function of accounting in the context of the decision-support role it serves. Prerequisite: ACTG 300 or ACTG 2300 or ACTG 3100. (3 units)

ACTG 3309. Seminar in International Accounting
Examines financial reporting issues facing entities conducting business or raising capital in foreign countries. Includes topics on comparative financial accounting and reporting systems; multinational financial disclosure; selected technical issues including foreign exchange accounting, international transfer pricing, and accounting for inflation; international aspects of managerial accounting and auditing; international accounting organizations; and efforts toward harmonizing accounting standards. Prerequisite: FNCE 451 or FNCE 3452. (3 units)

ACTG 3311. Corporate Financial Planning and Analysis
This course focuses on the firm’s finance function as a strategic resource. It explores the tools and processes used to evaluate, manage, and control the performance of business enterprises, and how to fully utilize the internal financial reporting and decision processes to enhance firm value. Substantial focus will be placed on budgeting and planning systems, variance analyses, performance measurement, compensation, and strategic decision making. Prerequisite: ACTG 302 or ACTG 3102. (3 units)

ACTG 3317. Taxation and Personal Business Strategy
Builds a strong foundation of basic principles, transactions, and concepts for the taxation of individuals. Includes analysis of various tax policies and procedures and their economic impact. Does not include coverage of the taxation of business entities (e.g., corporations). Assists in providing the competitive advantage that comes from understanding the importance of tax provisions applicable to successful personal tax planning and minimization. Prerequisite: ACTG 300 or ACTG 3100. (3 units)

ACTG 3319. Financial Statement Analysis
Analyzes financial statements and footnote disclosures. Focuses on (1) developing a framework that interprets financial statements as a reflection of a company’s industry, business strategy, and competitive environment; and (2) showing how decision makers can use financial data to evaluate a company’s performance, liquidity, solvency, and valuation. Prerequisite: FNCE 451 or FNCE 3452. (3 units)

ACTG 3321. Fundamental Value Analysis
Provides a framework for forecasting financial statements and using these forecasts to determine the fundamental value of the company. Emphasizes relating a firm’s business strategy, growth prospects, and the sustainability of its competitive advantage to its financial ratios and intrinsic value. Prerequisite: FNCE 451 or FNCE 3452. (3 units)

ACTG 3696. Experimental Course
Covers special topics; offered on an occasional basis. (3 units)

ACTG 851. Accounting Practices for Effective Decisions
Introduces the roles, concepts, principles, legal requirements, and impacts of external financial reporting. Covers basic financial statements, and analyzing and recording transactions, with a focus toward interpreting reported results. Also covers the more common and significant transactions impacting firms. Continues with a focused study of issues relating to measuring, analyzing and disseminating financial and non-financial information to enhance fulfilling organizational objectives. Considers accounting systems for planning, control, and decision making, and includes topics in relevant costing, cost behavior analyses, inventory costing systems, budgeting, activity based costing, and performance evaluation. Open to AMBA program students only. (6 units)

ACTG 2753/3753. Cash Flow Management for Entrepreneurs
This course explores topics of interest to entrepreneurs, including relevant costs, cost-profit-volume and break-even analysis, budgeting and cash flow management. The course is designed to support the effective development of a business plan. Prerequisite: ACTG 300 or ACTG 2300 or ACTG 3100. (1 unit)

ACTG 3703. Selected Topics in Financial Accounting
Provides students with the opportunity to learn more about a number of important financial reporting issues. Specifically, covers earnings quality and the income statement, revenue recognition, mergers and acquisitions, and stock-based compensation plans. This course is not open to students who have taken ACTG 303. Prerequisite: ACTG 300 or ACTG 3100. (1 unit)

ACTG 3704. Financial Statement Analysis and Analysts’ Predictive Accuracy in Global Capital Markets
Explores issues in analyzing financial statements across national borders and the difficulties these pose to predicting performance. Examines the degree of confidence and reliability that can be placed in analysts’ forecasts for foreign firms. Reviews the special questions raised by financial analysis in the global context. Attention will be focused on North America, Asia, and Europe. Prerequisite: ACTG 300 or ACTG 3100. (1 unit)

ACTG 3708. Activity-Based Costing (ABC)
Focuses on activities as determinants of costs, and encompasses the use of ABC information in decision-making. Considers ABC’s underlying assumptions, system design, determinants of successful implementations, evidence of success rates, and relevant costing for strategic decision making, and ABC pitfalls. Prerequisite: ACTG 300 or ACTG 3100. (1 unit)

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