8351
Master of Science
Classroom
No
Graduate
Main Campus - Melbourne
2017-2018 Catalog
Major Code: 8351 Degree Awarded: Master of Science
Delivery Mode(s): Classrom Age Restriction: No
Admission Status: Graduate Location(s): Main Campus - Melbourne
Admission Materials: GMAT, GRE recommended  

The Master of Science in Accounting and Financial Forensics degree program complements the undergraduate accounting program offered through the college and allows students to continue their education in an innovative and highly sought-after area of accounting. This program gives flexibility for M.B.A. majors wishing to switch to the M.S. program.

Admission Requirements

The applicant to the master of science program must have a bachelor's degree; however, the degree need not be in business administration. Applicants who are graduates of non-business programs are also encouraged to apply. An applicant is assigned an advisor soon after acceptance into the program, and should meet with the advisor to prepare a program plan outlining the courses needed for the degree.

The admissions decision is based on a review of the application documentation including work experience, academic performance, references and written statement of purpose. Although taking the Graduate Management Admissions Test (GMAT) is not a requirement, it is highly recommended for admission consideration. Individuals who take the GMAT and obtain a satisfactory score can compensate for other criteria in their application (such as academic performance or work experience). Preference for graduate scholarships will be given to applicants who take the GMAT.*

General admission requirements, student classifications and the process for applying are presented in the Academic Overview section. Additional requirements regarding admission and program requirements may be obtained from the Nathan M. Bisk College of Business.

*The GRE may be substituted.

Degree Requirements

The Master of Science in Accounting and Financial Forensics is conferred on students who successfully complete 30 credit hours of required and elective courses as outlined below. The degree requires completion of a common set of six core courses including the capstone course in advanced problems and current topics in accounting. The required courses are designed to prepare the student to respond to the complex business decisions that arise in today's rapidly changing environment. As such, these courses incorporate either case studies or projects requiring extensive qualitative and/or quantitative analysis. 

Core Courses (18 credit hours)
  • BUS 5414 Advanced Internal Auditing
    Credit Hours: 3

    Examines the principles of internal auditing through additional topics beyond foundational management of the internal audit function. Includes corporate governance, risk assessment and risk factor analysis, enterprise risk management, quantitative methods/tools in internal auditing, and value added activities.

  • BUS 5433 Advanced Problems and Current Topics
    *
    Credit Hours: 3

    Broadly exposes the accounting major to advanced subjects in accounting; furthers the student's ability to analyze and present solutions to complex accounting problems, as well as interpret and apply theoretical issues; and develops the student's communication and presentation skills.

    Requirement(s):
    Instructor approval
  • BUS 5435 Tax and Financial Accounting Research
    Credit Hours: 3

    Examines the various primary and secondary authorities available for answering questions in the area of tax and financial reporting. The main purpose is not to teach the respective rules in the areas of tax and financial reporting, but to teach students how to find authoritative answers to problems in these areas.

    Requirement(s):
    Instructor approval
  • BUS 5437 Information Systems Auditing/Control
    Credit Hours: 3

    Process of obtaining and evaluating internal audit evidence and communicating audit results. Includes method to assess organizational risks, controls and performance, and professional auditing standards and auditors' ethical responsibilities.

    Requirement(s):
    Instructor approval
  • BUS 5438 Fraud Examination
    Credit Hours: 3

    Overviews the nature of fraud (asset misappropriation, corruption and fraudulent statements), how it is committed and how it can be detected, investigated and prevented.

  • BUS 5439 Forensic Accounting
    Credit Hours: 3

    Provides exposure to the investigation of accounting procedures and techniques used in litigation support. Includes financial reporting fraud, forensic accounting techniques, income reconstruction methods, testifying as an expert witness, evidence management, cybercrime and business valuations.

 

*Acts as the capstone for the program.

Accounting Elective (3 credit hours)
  • BUS 5412 Forensic Data Mining and Analysis
    Credit Hours: 3

    Examines the analysis process used by forensic accountants and internal auditors to examine data sets or metadata to identify patterns, anomalies and trends to answer business queries and provide predictive value for future events. 

  • BUS 5432 Advanced Accounting
    Credit Hours: 3

    Provides the accounting major with intensive exposure to the subject of accounting for business combinations in a format designed to further the student's ability to solve complex accounting problems involving worksheet techniques.

    Requirement(s):
    Instructor approval
  • BUS 5434 Advanced Auditing Theory and Application
    Credit Hours: 3

    Exposes the accounting major to the theory of auditing and development of audit programs; procedures for obtaining audit evidence; and auditor responsibilities under Securities and Exchange Commission requirements.

    Requirement(s):
    Instructor approval
  • BUS 5436 Governmental and Nonprofit Accounting
    Credit Hours: 3

    Principles and procedures of accounting, financial reporting and budgeting for governmental and nonprofit entities. Includes general funds and special revenue funds, capital project funds, enterprise funds, fiduciary funds, and accounting for colleges and universities, healthcare entities and voluntary health and welfare organizations.

    Requirement(s):
    Instructor approval
  • BUS 5644 International Accounting and Reporting
    Credit Hours: 3

    Provides background in international accounting, reporting standards and business operations in a global environment. Includes international financial reporting standards (IFRS). Also includes a comparison of U.S. generally accepted accounting principles (GAAP) and IFRS to develop and enhance critical thinking in financial accounting and reporting.

    Prerequisite:

    BUS 5431 

Electives (9 credit hours)
  • BUS 5138 Business Ethics
    Credit Hours: 3

    Aims primarily to increase student understanding of the concepts of moral philosophy and their relevance to decision-making. Provides an opportunity for students to apply this understanding in a wide variety of practical management settings. Makes extensive use of case analyses.

    Requirement(s):
    Requires prior completion of foundation requirements
  • BUS 5219 Globalization and Corporate Social Responsibility
    Credit Hours: 3

    Examines globalization as it relates to corporate social responsibility (CSR). Analyzes policies and standards, and developing compliance programs and managing key stakeholders. Reviews trends in corporate citizenship, social enterprise and philanthropy. Offers innovative strategies for ethical leadership. Requires written CSR initiative report.

  • BUS 5413 Data Analytics and Business Intelligence
    Credit Hours: 3

    Introduces data analytics and business intelligence. Provides insight into tools used to analyze complex business and accounting problems to find rational solutions. Includes cases of increasing complexity that emphasize problem description, definition and formulation. Emphasizes interpretation and implementation of results and practice.

  • BUS 5421 Managerial Economics
    Credit Hours: 3

    Provides an understanding of the microeconomic forces that influence firm decision-making. Includes competitive markets and market failure, benefit-cost analysis, demand estimation and forecasting, decision-making under risk and uncertainty, production and cost estimation, and market structure analysis.

  • BUS 5440 Financial Management
    Credit Hours: 3

    Studies the concepts and tools of corporate financial management and financial planning, including capital budgeting, capital structure and net working capital. Considers the importance of ethics in financial decision-making.

  • BUS 5444 Finance Markets and Institutions
    Credit Hours: 3

    Presents an analysis of financial institutions and the interrelationships among intermediaries in both money and capital markets. Considers the functions of the Federal Reserve and its effect on interest rates and financial markets. Focuses on commercial banks and other depository institutions, investment banks and mutual funds.

    Prerequisite:

    BUS 5421, BUS 5440 

  • BUS 5446 Investment Management
    Credit Hours: 3

    Investigates the concepts, theories and techniques underlying the development of investment policies and strategies.

  • BUS 5448 Portfolio Analysis
    Credit Hours: 3

    Focuses on understanding the theory and practice of combining financial assets into portfolios. Examines the importance of sector selection in asset allocation. Investigates the diversification of portfolios.

    Prerequisite:

    BUS 5446 

  • BUS 5450 Organizational Behavior
    Credit Hours: 3

    Presents existing research, theories and models explaining how individual and group behavior and processes shape the internal dynamics of organizations. Provides the foundation to understand contemporary debates concerning alternative organizational designs and management practices.

  • BUS 5460 Management Information Systems
    Credit Hours: 3

    Addresses policy and management issues surrounding information systems in today's enterprises: strategic use, organizational impact, project management, human resource issues and other topics germane to understanding management information systems.

  • MGT 5114 Introduction to Information Security Management
    Credit Hours: 3

    Examines the fundamental principles of computer security as applied to information technology (IT). Covers foundations, psychology, prevention, detection, human factors, technical considerations, management processes and future considerations for the security of information technology.

  • MGT 5164 Enterprise Resource Planning Systems
    Credit Hours: 3

    Explores the fundamentals of enterprise resource planning (ERP) systems. Focuses on understanding how business processes use ERP software and how they improve operations and productivity. Includes discussion and hands-on experience with ERP components (customer relationship management, human resource management).

    Prerequisite:

    MGT 5151 

    Requirement(s):
    Must be enrolled in Florida Tech Online
Total Credits Required: 30