COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
Page 1 of 9
2008-09 #4
Department of Accountancy
Course Revision: Page 72, 2008-2009 Undergraduate Catalog
473. INTERNSHIP IN ACCOUNTANCY (3-6) (3).
Rationale: The variable credit notation is deleted to reflect original faculty intent that students can earn only three
credit hours for each internship experience.
Course Revisions: Pages 58-60, 2008-2009 Graduate Catalog
505. FINANCIAL ACCOUNTING CONCEPTS (2). Introduction to the nature, uses, and
limitations of financial accounting information. Financial accounting concepts presented from the
viewpoint of the user. Problems and cases used to emphasize the kinds of financial accounting
information relevant for decision making. Open to students with fewer than 6 semester hours in
accounting or by consent of department. Students may not receive credit for both ACCY 206 and
ACCY 505.
509. FEDERAL TAXATION: PLANNING AND CONTROL (3). … PRQ: ACCY 505 or
equivalent A grade of B or better in a Financial Accounting Concepts course completed within
the past five years with a grade of A or B, or consent of department.
510. 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. Not available for Phase Two credit in the
M.A.S., M.B.A., or M.S.T. programs. Students may not receive credit for both ACCY 310A/310S
and ACCY 510. PRQ: A grade of C or better in a Financial Accounting Concepts course and a
Managerial Accounting Concepts course, or consent of department.
521. ADVANCED COST MANAGEMENT (3). Advanced 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 and service
organizations. Topics include transfer pricing, competitive costing, division performance
measurement, regression analysis, statistical quality control, activity-based costing, automation
and cost management, target costing, and Japanese cost management. Students may not receive
credit for both ACCY 421 and ACCY 521. PRQ: A grade of C or better in an Intermediate Cost
Management course ACCY 320 with a grade of C or better and MGMT 346, or consent of
department. CRQ: UBUS 311 or consent of department.
COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
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2008-09 #4
531. FINANCIAL REPORTING I (4). In-depth study of financial reporting standards including
the contemporary economic and political forces that lead to the development of standards relating
to statement of cash flows, financial statement analysis, foreign currency translation, conceptual
framework, revenue recognition, conversion from cash to accrual basis, time value of money,
monetary assets, inventories, plant assets, research and development costs, current liabilities, and
long-term debt. Use of databases in researching accounting issues and in analyzing and preparing
financial statement disclosures. Not available for Phase Two credit in the M.A.S., M.B.A., or
M.S.T. programs. Students may not receive credit for both ACCY 331 and ACCY 531. PRQ: A
grade of C or better in a Financial Accounting Concepts course or consent of department.
532. FINANCIAL REPORTING II (3). In-depth study of financial reporting standards including
the contemporary economic and political forces that lead to the development of standards relating
to accounting for income taxes, pension and other benefit plans, leases, earnings per share,
accounting changes, stockholders' equity, and investments including equity method; and an
introduction to consolidated financial statements. Use of databases in researching accounting
issues and in analyzing and preparing financial statement disclosures. Not available for Phase
Two credit in the M.A.S., M.B.A., or M.S.T. programs. Students may not receive credit for both
ACCY 432 and ACCY 532. PRQ: A grade of C or better in an Intermediate Financial Reporting I
course ACCY 531 or consent of department.
533. FINANCIAL REPORTING III (3). In-depth study of financial reporting standards including
the contemporary economic and political forces that lead to the development of standards relating
to business combinations and for consolidated financial statements, for companies operating
internationally, for interim financial reporting, and the disclosure standards for disaggregated
operations. Study and evaluation of the special accounting and reporting required for entities
going through corporate insolvency, including the restructuring and impairment of financial
instruments, for partnership forms of business entities, for publicly held companies that must
meet SEC reporting standards, and for specialized industrial reporting. Research projects include
the use of accounting data and literature bases; electronic bases such as the Internet. Team
projects used throughout the course. Students may not receive credit for only one of the
following: both ACCY 433, and ACCY 533, ACCY 633. PRQ: A grade of C or better in an
Intermediate Financial Reporting II course ACCY 532 or consent of department.
550. PRINCIPLES OF TAXATION (3). Study of the principles of federal income taxation with
focus on learning taxation concepts related to income, deductions, and property transactions for
businesses and individuals. These concepts applied to common transactions and issues
encountered by individuals, corporations, partnerships, S corporations, and limited liability
companies. Not available for Phase Two credit in the M.A.S., M.B.A., and M.S.T. programs.
Students may not receive credit for both ACCY 450 and ACCY 550. PRQ: A grade of C or better
in an Intermediate Financial Reporting I course ACCY 531 or consent of department.
COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
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555. INDIVIDUAL TAXATION (3). Comprehensive study of the concepts of federal income
taxation and the tax rules that apply to individuals. Examination of the principles that provide the
framework for the federal income tax system, including income, deductions, basic business
operations, and property transactions. Not available for Phase Two credit in the M.A.S., M.B.A.,
or M.S.T. programs. Students may not receive credit for both ACCY 455 and ACCY 555. PRQ:
A grade of C or better in an Intermediate Financial Reporting I course ACCY 531 or consent of
department.
556. ADVANCED FEDERAL TAXES (3). Study of federal taxes imposed on business entities
with emphasis on corporations, partnerships, and S corporations. Also includes an overview of
tax research techniques. Students may not receive credit for both ACCY 556 and ACCY 644.
receive credit for only one of the following: ACCY 456, ACCY 556, ACCY 644, ACCY 650.
PRQ: A grade of C of better in an Income Tax Concepts course ACCY 455 or consent of
department.
557. ACCOUNTING FOR PUBLIC ADMINISTRATION (3). … PRQ: Consent of Division of
Public Administration or Department of Accountancy.
560. ASSURANCE SERVICES (3). Study of the accumulation and evaluation of information
and data in order to provide assurance to decision-makers. Overview of the variety of assurance
services including auditing, attestation, operational, and compliance services. Practices and
procedures of assurance services including planning, assessing risk, testing controls, and
obtaining and documenting evidence. Focus on analysis of business processes and decisions (both
financial and nonfinancial) and analytical skills needed to evaluate evidence, develop
recommendations, and communicate findings. Not available for Phase Two credit in the M.A.S.,
M.B.A., and M.S.T. programs. Students may not receive credit for both ACCY 360 and ACCY
560. PRQ: A grade of C or better in an Accounting Information Systems course ACCY 510 or
consent of department.
562. INTERNAL AUDITING (3). Topics include internal audit standards, internal controls, risk
assessment, evidence and documentation, and communications. Auditing techniques including
sampling and use of systems-based audit techniques. Review of ethics, emerging issues, and
industry specific matters. Students may not receive credit for both ACCY 462 and ACCY 562.
PRQ: A grade of C or better in an Assurance Services course ACCY 360 with a grade of C or
better and MGMT 346, or consent of department.
565. FORENSIC ACCOUNTING/FRAUD EXAMINATION (3). Focus on fraud detection and
control from the perspective of public, internal, and private accountants. This course covers areas
such as principles and standards for fraud-specific examination; fraud-specific internal control
systems; and proactive and reactive investigative techniques. Implications for further research are
also considered. Students may not receive credit for both ACCY 465 and ACCY 565. PRQ: A
grade of C or better in an Intermediate Financial Reporting I course ACCY 331 with a grade of C
or better, and ACCY 360 an Assurance Services course with a grade of C or better, and MGMT
346, or consent of department.
580. GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING (3). … PRQ: A grade of C
or better in an Intermediate Financial Reporting I course ACCY 531 or consent of department.
COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
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604. INDEPENDENT STUDY IN ACCOUNTING (1-3). … PRQ: A grade of C or better in a
Graduate Accounting Research course, 21 semester hours of accounting, and consent of
department.
605. INDEPENDENT STUDY IN TAXATION (1-3). … PRQ: A grade of C or better in a
Graduate Professional Tax Research course ACCY 645 and consent of department.
611. ADVANCED ACCOUNTING INFORMATION SYSTEMS (3). … PRQ: A grade of C or
better in an Accounting Information Systems course Both ACCY 310A and ACCY 310S with at
least a C or consent of department.
622. MANAGERIAL ACCOUNTING INFORMATION SYSTEMS (3). … PRQ: A grade of C
or better in an Intermediate Cost Management course ACCY 320 and 6 semester hours of
accounting course work, or consent of department.
630. MANAGERIAL ACCOUNTING CONCEPTS (3). … PRQ: A grade of C or better in a
Financial Accounting Concepts course ACCY 505 or consent of department.
633. ADVANCED FINANCIAL REPORTING (3). Study and evaluation of special accounting
and reporting requirements for entities going through business combinations and restructurings,
and of financial reporting relating to consolidated entities, international operations, interim
financial reporting, and disaggregated disclosures. Analysis of effect of financial instruments and
hedging activities on financial statements. Research and team projects requiring use of literature
databases and the Internet. Students may not receive credit for ACCY 433/ACCY 533 and ACCY
633 receive credit for only one of the following: ACCY 433, ACCY 533, ACCY 633. PRQ: A
grade of C or better in an Intermediate Financial Reporting II course ACCY 432 with a grade of a
C or better or consent of department.
640. FINANCIAL STATEMENTS ANALYSIS (3). … PRQ: A grade of C or better in a
Managerial Accounting Concepts course ACCY 630 or consent of department.
644. ADVANCED TAXATION (3 Study of the federal income taxation of business entities.
Emphasis on corporations, partnerships, and S corporations and includes an introduction to tax
research. Students may receive credit for only one of the following: ACCY 456, ACCY 556,
ACCY 644, ACCY 650. not receive credit for both ACCY 556 and ACCY 644. Not available for
credit in the M.A.S. area of study in taxation track. PRQ: A grade of C or better in an Income Tax
Concepts course ACCY 450 or consent of department.
645. PROFESSIONAL TAX RESEARCH (3). … PRQ: A grade of C or better in an Income Tax
Concepts course ACCY 450 or consent of department.
646. TAX ADMINISTRATION AND PRACTICE (3). … PRQ: A grade of C or better in an
Income Tax Concepts course ACCY 450 or consent of department.
647. CORPORATE TAXATION (3). … PRQ: A grade of C or better in an Income Tax
Concepts course ACCY 450 or consent of department.
COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
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2008-09 #4
648. ADVANCED CORPORATE TAXATION (3). … PRQ: A grade of C or better in a
Graduate Corporate Taxation course ACCY 647 or consent of department.
649. PARTNERSHIP TAXATION (3). … PRQ: A grade of C or better in an Income Tax
Concepts course ACCY 450 or consent of department.
650. ADVANCED ISSUES IN TAXATION (3). Continuation of ACCY 450. Study of advanced
concepts of federal taxation as it applies to a broad range of taxpayers. Application of advanced
concepts of taxation to individuals and business entities including corporations, partnerships, and
S corporations. Introduction to international and state tax issues, gift and estate tax, fiduciary tax
accounting, and tax issues for not-for-profit organizations. Students may receive credit for only
one of the following: ACCY 456, ACCY 556, ACCY 644, ACCY 650. PRQ: A grade of C or
better in an Income Tax Concepts course ACCY 450 or consent of department.
651. FEDERAL ESTATE AND GIFT TAXATION (3). … PRQ: A grade of C or better in an
Income Tax Concepts course ACCY 450 or consent of department.
652. TAXATION OF ESTATES AND TRUSTS (3). … PRQ: A grade of C or better in an
Income Tax Concepts course ACCY 450 or consent of department.
654. SPECIAL TAX TOPICS (1-3). … PRQ: A grade of C or better in an Income Tax Concepts
course ACCY 450 or consent of department.
655. INTERNATIONAL TAXATION (3). … PRQ: A grade of C or better in an Income Tax
Concepts course ACCY 450 or consent of department.
656. TAX CONCEPTS AND PROPERTY TRANSACTIONS (3). … PRQ: A grade of C or
better in an Income Tax Concepts course ACCY 450 or consent of department.
657. TAXATION OF COMPENSATION AND BENEFITS (3). … PRQ: A grade of C or better
in an Income Tax Concepts course ACCY 450 or consent of department.
658. STATE AND LOCAL TAXATION (3). … PRQ: A grade of C or better in an Income Tax
Concepts course ACCY 450 or consent of department.
659. TAX ACCOUNTING METHODS AND PERIODS (3). … PRQ: A grade of C or better in
an Income Tax Concepts course ACCY 450 or consent of department.
660. ADVANCED PARTNERSHIP TAXATION (3). … PRQ: A grade of C or better in a
Graduate Partnership Taxation course ACCY 649 or consent of department.
664. FINANCIAL STATEMENT AUDITING (3). … PRQ: A grade of C or better in an
Intermediate Financial Reporting I course ACCY 331, an Assurance Services course, ACCY 360,
and an Intermediate Financial Reporting II course; ACCY 432 or consent of department.
667. INFORMATION SYSTEMS AUDITING (3). … PRQ: A grade of C or better in an
Assurance Services course ACCY 360 or consent of department.
COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
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680. ADVANCED GOVERNMENTAL AND NOT-FOR-PROFIT ACCOUNTING (3). … PRQ:
A grade of C or better in a Governmental and Not-For-Profit Accounting course ACCY 480 or
consent of department.
682. INTERNATIONAL ACCOUNTING (3). … PRQ: A grade of C or better in an Intermediate
Cost Management course ACCY 320 and an Intermediate Financial Reporting II course, 432 or
consent of department.
690. ACCOUNTANCY CAPSTONE/FINANCIAL STATEMENT ANALYSIS AND
BUSINESS VALUATION (3). … PRQ: ACCY 310A, ACCY 310S, ACCY 320, ACCY 331,
ACCY 360, ACCY 432, and ACCY 450. Completion of both college and department Phase One
requirements or consent of department.
Rationale: Changes from NIU course numbers to text descriptions were made to ensure that ACCY graduate
students are able to automatically register for classes in MyNIU. The system’s hold for course-number prerequisites
would prevent graduate students who did not graduate from our undergraduate program or take their Phase One
requirements at NIU from registering on their own. Program advisors would be required to manually override the
system to register these students in their desired classes. Consistent with past practice under the former registration
system, ACCY advisors will review class rosters to verify that students have met prerequisite requirements. Other
revisions were made to achieve consistent language in course descriptions.
Other catalog change: Page 56, 2008-2009 Graduate Catalog
Master of Accounting Science
↓
Phase One
↓
Required Accountancy Courses
ACCY 510 – Accounting Information Systems (3)
OR ACCY 310A – Accounting Information Systems (3) AND ACCY 310S – Accounting
Information Systems Laboratory (1)
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 (3)
OR ACCY 320 – Intermediate Cost Management2 (3)
___________________________________
↓
2
ACCY 207 is a prerequisite for ACCY 320.
Rationale: Since the majority of students in the M.A.S. program take the undergraduate equivalent courses to satisfy
the Phase One Accountancy core, these courses are partnered with the required Phase One graduate courses to
accommodate MyNIU’s automation of the check for prerequisites.
COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
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2008-09 #4
Department of Management
New course: Page 77, 2008-2009 Undergraduate Catalog
CIP: 52.01
327. CREATIVITY, INNOVATION, AND ENTREPRENEURSHIP (3). Study of methods used
and development of skills needed to identify entrepreneurial opportunities and construct
innovative solutions. Topics include theories of creativity, enterprise idea generation and
evaluation, and other concepts, models and techniques used in practice. CRQ: UBUS 310 or
consent of department.
Rationale: The course will provide business students with the critical skills necessary to develop their creativity in
order to identify new venture opportunities and create innovative, “breakthrough” solutions to business problems.
Enhancing creativity is the key focus, with the intent to develop capitalist creativity, in which the ideas and solutions
generated must be profitable and reflect bottom-line practicality. With an in-depth understanding of the techniques
and methods of creativity, opportunity identification and idea generation, students will be able to strengthen their
creativity, identify and critically assess potential opportunities, and produce and evaluate innovative ideas and
solutions around which a new venture can be based.
Departments that have been contacted with regard to duplication of content: Department of Leadership,
Educational Psychology and Foundations
Course revisions: Pages 77-78, 2008-2009 Undergraduate Catalog
436. COMPENSATION AND BENEFITS ADMINISTRATION (3). … PRQ: Management
major and a g Grade of C or better in MGMT 335 and MGMT 355.
438. HUMAN RESOURCE PLANNING AND STAFFING (3). … PRQ: Management major and
a g Grade of C or better in MGMT 335 and MGMT 355.
444. TRAINING AND DEVELOPMENT (3). … PRQ: Management major and a g Grade of C or
better in MGMT 335 and MGMT 355.
447. LEADERSHIP (3). … PRQ: Management major and a g Grade of C or better in MGMT 335
and MGMT 355.
448. EMPLOYMENT LAW (3). … PRQ: Management major and a g Grade of C or better in
MGMT 335 and MGMT 355.
457. MANAGERIAL DECISION MAKING AND NEGOTIATION (3). … PRQ: Management
major and a g Grade of C or better in MGMT 335 and MGMT 355.
477. MANAGING ORGANIZATIONS IN COMPETITIVE ENVIRONMENTS (3). … PRQ:
Management major and a g Grade of C or better in MGMT 335 and MGMT 355. CRQ: MGMT
468.
COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
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2008-09 #4
487. MULTINATIONAL MANAGEMENT (3). … PRQ: Management major and a g Grade of C
or better in MGMT 335 and MGMT 355.
Rationale: To make any open seats available to other majors. The previous registration system made it necessary to
restrict enrollment to Management majors to assure seats in these required MGMT courses were available for
Management majors. MyNIU makes it possible to reserve seats and open any remaining seats to other majors who
meet the course prerequisites.
Other catalog change: Page 76, 2008-2009 Undergraduate Catalog
Major in Management (B.S.)
↓
Emphasis 1. Organizational Management
↓
Requirements in Department (25)
↓
One of the following (3)
ACCY 306 – Financial Accounting Information for Business Decisions (3)
MGMT 301 – Business and Society (3)
MGMT 327 – Creativity, Innovation, and Entrepreneurship (3)
MGMT 437 – Entrepreneurship (3)
↓
Rationale: MGMT 327 is a new course being added and is appropriate for the career and academic goals of
organizational management students.
Department of Marketing
Other catalog change: Page 80, 2008-2009 Undergraduate Catalog
Certificates of Undergraduate Study
Professional Selling (12)
↓
Service Management (12)
A Certificate of Undergraduate Study in Service Management, which has a marketing component,
is available. See a description of this certificate in the Department of Operations Management and
Information Systems section of the catalog.
Rationale: Since this certificate is offered by the Department of Operations Management & Information Systems and
has a marketing component, this notation references the certificate in the Marketing Department section of the
catalog—it is currently listed under OM&IS. The certificate was approved by CUC on 4-12-07 and UCC on 5-3-07.
COLLEGE OF BUSINESS
Curriculum Committee
October 14, 2008
Page 9 of 9
2008-09 #4
Department of Operations Management and Information Systems
Course revision: Page 83, 2008-2009 Undergraduate Catalog
338. PRINCIPLES OF OPERATIONS MANAGEMENT (3). … PRQ: Junior standing, MATH
210 or MATH 211 or MATH 229, STAT 301 or STAT 350 or UBUS 223.
Rationale: The course has been changed over time to also accommodate non-business majors, and the prerequisites
are no longer needed.