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What is the Lehigh MSAIA core?

The MSAIA program consists of 18 credits in the core courses shown below, and 30 credits overall. Designed specifically for this program, and dedicated to it, these innovative core courses seek to develop a set of skills and experiences not available in undergraduate programs that enhance MSAIA students' ability to perform throughout their chosen careers. Core courses are offered once each academic year.

 MACC 401: Professional Issues in AccountingNegotiation (1) 

This course examines the behavioral foundations of the negotiation process. Topics include planning, tactics, power, integrative and distributive bargaining, behavioral styles and individual and team negotiations.  
MACC 402: Professional Issues in AccountingCase Analysis (1) 
Introduces business case analysis. Cases will be dissected, analyzed and discussed. A range of business topics will be used to demonstrate the case method.  

MACC 403: Professional Issues in Accounting—Ethics (1) 

Explores the fundamentals of making ethical business decisions in both domestic and international engagements. Students learn to identify ethical dilemmas and are trained to utilize a framework for making decisions. The course also examines the impact poor ethical standards and fraud has on the sustainability and growth of the free market economic system. The course format consists of team and class discussions as well as written individual exercises.  

MACC 412: IT Auditing (3)

Addresses internal control and audit issues in an Information Technology (IT) environment. Course structured around the COSO internal control framework. Audit procedures for the review of IT general and application controls are examined. Students perform substantive tests on financial databases using audit software. Topics covered: Internal controls in centralized and distributed IT environments, IT outsourcing, IT governance, Data modeling, network and database security ACL software, SAP process and control issues. 

MACC 413: The Corporate Financial Reporting Environment (3) 

This course addresses the nature of corporate financial reporting, its role in providing decision-useful information to capital market participants, standard-setting and the FASB conceptual framework, and theoretical and empirical assessments of its performance. 

MACC 420: Forensic Accounting and Auditing (3) 

This course focuses on forensic skills to enhance audits and other services rendered by accounting professionals. Materials derived primarily from SEC cases to help students understand more complex financial reporting issues such as earnings management and fraud, apply auditing requirements of SAS 99 and Sarbanes-Oxley dealing with fraud, comprehend services beyond the audit which rely on forensic skills, and demonstrate knowledge through role plays in real world scenarios.
Prerequisites: ACCT 320 or BUA2 1 and MACC 401 and MACC 402 and MACC 403

MACC 424: Governance, Risk, and Control (3)

This course focuses on developing in students an understanding of corporate governance, risk oversight and internal control monitoring from an accounting professional’s perspective. Topics include agency theory, fundamentals of corporate governance, risk and internal control, functions of the board of directors and the audit committee, independent auditor and impediments to audit quality, internal auditor’s role, and SEC regulations and laws impacting governance, risk and control. Class discussions, interactive group exercises, role plays, field projects, and real-life cases are used.
Prerequisites: ACCT 320 or BUA2 1 and MACC 401 and MACC 402 and MACC 403

MACC 427: Accounting for Financial Instruments and Advanced Financial Statement Analysis (3)

This course provides an introduction to accounting for financial instruments. Topics include, accounting for stock options, fair value accounting for financial instruments, accounting for fair value hedges, cash flow hedges, foreign exchange hedges, tests for assessing effectiveness of hedges and constructing accounting entries associated with hedges, interest rate swaps, and accounting for securitization. The second half focuses on analysis and interpretation of financial and non-financial information to evaluate firm performance and valuation.

Electives. The MSAIA curriculum provides for twelve elective credits that students may use to specialize in an area of interest or to augment one's general business education. Frequently taken electives include graduate level courses in forensic accounting and auditing, taxation and business decisions, financial statement analysis, corporate financial management, investments, strategic supply management, managerial economics and strategic marketing management. The MSAIA Program Director approves all electives.

Waiver Policy. There are no waivers for courses in the MSAIA program, nor may courses be transferred in from other institutions.

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