COLLEGE OF BUSINESS
Curriculum Committee
April 14, 2009
Page 1 of 5
2008-09 #13
College of Business
Other catalog change: Page 55, 2008-2009 Graduate Catalog
Professional Master of Business Administration
The one-year professional M.B.A. is designed for working professionals who desire to earn the
degree in an accelerated evening format while continuing to work full time in an organization.
Students must have completed an undergraduate degree in business and have had five or more
years of post-undergraduate work experience prior to starting the professional M.B.A. Courses
are offered in the evening, meeting two nights per week. Students may begin the professional
M.B.A. only in the spring semester. For further information contact the office of M.B.A.
programs at (866) 648-6221.
Rationale: Since the PMBA courses are taught in an accelerated format and requires students to have an
undergraduate degree in business, or have completed the Phase One courses; this change allows students to draw
more quickly from their previous course work.
Department of Accountancy
New course: Page 58, 2008-2009 Graduate Catalog
CIP Code: 52.03
510S. ACCOUNTING INFORMATION SYSTEMS LABORATORY (1). Basic instruction in
skills and techniques necessary to identify, collect, analyze and report accounting information.
Must be taken concurrently with ACCY 510A. A student may not receive credit for both ACCY
310S and ACCY510S. A student must earn a grade of C or better in both a financial accounting
concepts course and a managerial accounting concepts course prior to enrollment.
Rationale: Phase One MAS students take 300-400 level Accountancy courses to complete deficiencies. The
department wishes to offer a 500-level equivalent course so graduate students may receive graduate student loans.
Regarding duplication: A review of the Graduate Catalog indicated the content of this course is not being taught by
any other department.
New course: Page 58, 2008-2009 Graduate Catalog
CIP Code: 52.03
520. INTERMEDIATE COST MANAGEMENT (3). Continuation of the study of the
information required in management planning and control systems. Theory and application of
product costing, operational control, cost allocation, and performance evaluation for
manufacturing, merchandising, and service organizations. Topics include budgeting, cost
management for factory automation and just-in-time environments, activity-based costing, ethics,
cost of quality, target costing, and life-cycle costing. A student may not receive credit for both
ACCY 320 and ACCY 520. A student must earn a C or better in a managerial accounting
concepts course prior to enrollment.
COLLEGE OF BUSINESS
Curriculum Committee
April 14, 2009
Page 2 of 5
2008-09 #13
Rationale: Phase One MAS students take 300-400 level Accountancy courses to complete deficiencies. The
department wishes to offer a 500-level equivalent course so graduate students may receive graduate student loans.
Regarding duplication: A review of the Graduate Catalog indicated the content of this course is not being taught by
any other department.
New course: Page 59, 2008-2009 Graduate Catalog
CIP Code: 52.16
653. ACCOUNTING FOR INCOME TAXES (3). Study of the accounting for and reporting of
income taxes in financial statements. Discussions focus on issues that arise in practice due to
uncertainty in the underlying tax law as it relates to domestic, international, multistate, and
acquisition-related activities. A framework for exercising judgment to appropriately address such
uncertainties is also provided. A student must earn a grade of C or better in an income tax
concepts course prior to enrollment.
Rationale: This class has been offered on a regular basis as ACCY 654 – Special Tax Topics. The department wants
to create a course dedicated to this topic area to free up ACCY 654 for use in other topic areas.
Regarding duplication: A review of the Graduate Catalog indicated the content of this course is not being taught by
any other department.
New course: Page 60, 2008-2009 Graduate Catalog
CIP Code: 52.16
661. ADVANCED STATE AND LOCAL TAXATION (3). Study of advanced state and local tax
issues affecting business organizations. Topics include nexus, constitutional standards,
computation of state taxable income, sales tax base and exemptions, and credits and incentives,
with a focus on identifying issues and opportunities for the reduction of state taxes. PRQ: A grade
of C or better in a graduate state and local taxation course.
Rationale: This class has been offered on a regular basis as ACCY 654 – Special Tax Topics. The department wants
to create a course dedicated to this topic area to free up ACCY 654 for use in other topic areas.
Regarding duplication: A review of the Graduate Catalog indicated the content of this course is not being taught by
any other department.
COLLEGE OF BUSINESS
Curriculum Committee
April 14, 2009
Page 3 of 5
2008-09 #13
Course revision: Page 58, 2008-2009 Graduate Catalog
510 510A. ACCOUNTING INFORMATION SYSTEMS (3). Handling of accounting data within the
modern enterprise with focus on maintaining the integrity of the data as well as developing relevant and
reliable accounting information for use in decision making. Emphasis on systems development, internal
control, and the use of technology to enhance and improve the flow of accounting information. Projects
required in the area of accounting cycles, accounting documentation, and accounting application software.
Examination of organizational accounting information systems that capture information from the major
business processes and transaction cycles. Emphasis on how these information systems serve as the basis
for the functional areas of accounting and business. Internal controls, information technologies including
databases, and reporting methodologies are stressed through applied projects and case studies. Must be
taken concurrently with ACCY 501S. Not available for Phase Two credit in the M.A.S., M.B.A., or M.S.T.
programs. A student may not receive credit for both ACCY 310A/ACCY 310S and ACCY 510
510A/ACCY 510S. A student must earn a grade of C or better in both a financial accounting concepts
course and a managerial accounting concepts course prior to enrollment.
Rationale: Catalog language for ACCY 510 is revised to be consistent with catalog language for ACCY 310A, the
undergraduate course that is equivalent to this graduate Phase One deficiency course.
Other catalog change: Pages 56-57, 2008-2009 Graduate Catalog
Master of Accounting Science
↓
Phase One
↓
Required Accountancy Courses
ACCY 510A – Accounting Information Systems (3)
OR ACCY 310A – Accounting Information Systems (3)
and ACCY 310S – Accounting Information Systems Laboratory (1)
ACCY 510S – Accounting Information Systems Laboratory (1)
ACCY 5202 – Intermediate Cost Management (3)
ACCY 531 – Financial Reporting I (4)
OR ACCY 331 – Financial Reporting I (4)
ACCY 532 – Financial Reporting II (3)
OR ACCY 432 – Financial Reporting II (3)
ACCY 550 – Principles of Taxation (3)
OR ACCY 450 – Taxation of Business Entities and Individuals (3)
ACCY 560 – Assurance Services (3)
OR ACCY 360 – Assurance Services (3)
ACCY 630 – Managerial Accounting Concepts
OR ACCY 3202 – Intermediate Cost Management (3)
↓
Phase Two
↓
COLLEGE OF BUSINESS
Curriculum Committee
April 14, 2009
Page 4 of 5
2008-09 #13
The student is required to complete a minimum of 30 semester hours of work beyond Phase One
and the baccalaureate degree. Of these 30 semester hours, at least 15 semester hours must be in
accounting. At least six of the 30 semester hours must be in graduate-level courses in related
areas outside the Department of Accountancy with the approval of the adviser. The total Phase
Two credits accepted in transfer from other institutions may not exceed 9 semester hours.
The student must maintain a minimum of 3.00 in all graduate course work completed in Phase
Two.
↓
Footnote: 2ACCY 207 is a prerequisite for ACCY 320 520.
Rationale: The Accountancy Department will be offering the 500-level courses for M.A.S. students. In the past only
300- and 400-level courses were offered for Phase One deficiencies.
The added sentence is included in the ACCY section of the Graduate Catalog to more clearly communicate to
M.A.S. students the NIU Graduate School GPA requirements to remain in good academic standing [p.25, 20082009 Graduate Catalog] and for graduation [p.30, 2008-2009 Graduate Catalog]. This reiteration of Graduate
School standards is similar to what other departments have included in the catalog for their degree programs.
Other catalog change: Page 58, 2008-2009 Graduate Catalog
Master of Science in Taxation
↓
Requirements
ACCY 645 – Professional Tax Research (3)
ACCY 647 – Corporate Taxation (3)
ACCY 649 – Partnership Taxation (3)
ACCY 651 – Federal Estate and Gift Taxation (3)
ACCY 656 – Tax Concepts and Property Transactions (3)
Course work from the following (15)
ACCY 605 – Independent Study in Taxation (1-3)
ACCY 646 – Tax Administration and Practice (3)
ACCY 648 – Advanced Corporate Taxation (3)
ACCY 652 – Taxation of Estates and Trusts (3)
ACCY 653 – Accounting for Income Taxes (3)
ACCY 654 – Special Tax Topics (1-6)
ACCY 655 – International Taxation (3)
ACCY 657 – Taxation of Compensation and Benefits (3)
ACCY 658 – State and Local Taxation (3)
ACCY 659 – Tax Accounting Methods and Periods (3)
ACCY 660 – Advanced Partnership Taxation (3)
ACCY 661 – Advanced State and Local Taxation (3)
ACCY 673 – Internship in Accountancy (3)
Rationale: Added two new tax classes to the elective list for the M.S.T. program.
COLLEGE OF BUSINESS
Curriculum Committee
April 14, 2009
Page 5 of 5
2008-09 #13
Department of Management
Course revision: Page 78, 2008-2009 Undergraduate Catalog
468. STRATEGIC MANAGEMENT (3). … PRQ: Senior standing and ACCY 331 (for ACCY
majors); FINA 330, FINA 340, and FINA 350 (for FINA majors); MGMT 335 and MGMT 355
(for MGMT and business administration majors). CRQ: OMIS 498 (for OMIS majors); MKTG
495 (for MKTG majors); or consent of department. PRQ: (1) Senior standing and (2) ACCY 331
(for ACCY majors); OMIS 450 or OMIS 452 or FINA 410 (for business administration majors);
FINA 330, FINA 340, and FINA 350 (for FINA majors); MGMT 335 and MGMT 355 (for
MGMT majors). CRQ: MKTG 495 (for MKTG majors); OMIS 498 (for OMIS majors); or
consent of department.
Rationale: This change will help ensure that business administration majors who enroll for this course are in their
final two semesters in the college. The prerequisites for other majors have not been changed, except to be reordered alphabetically.