Accounting

Accounting
https://business.rice.edu/
319 McNair Hall
713-348-2347

Ben Lansford
Program Director
lansford@rice.edu

Barbara Ostdiek
Sr. Assoc. Dean for Degree Programs
ostdiek@rice.edu

The Master of Accounting degree, offered by the Jones Graduate School of Business, is designed to enable students with a top-tier non-accounting undergraduate education to complete the educational requirements for becoming a certified public accountant. Certified public accountants conduct independent audits and provide accounting, tax, and consulting services. The program prepares students to enter careers in public accounting, corporate accounting, management accounting, governmental accounting, financial analysis, and law enforcement.

Graduates of the program will excel in analytics, critical thinking, ethics, judgment, and communications, built on outstanding technical accounting skills. An understanding of global capital markets and macroeconomic forces will complement graduates’ accounting expertise, along with proficiency in corporate finance, risk and valuation.

Accounting does not currently offer an academic program at the undergraduate level.

Dean

Peter Rodriguez

Deputy Dean

Jeff Fleming

Sr. Associate Dean of Degree Programs

Barbara Ostdiek

Sr. Associate Dean of Executive Education

D. Brent Smith

Associate Dean of Degree Programs

George Andrews

Professors

Kerry Back
Alex Butler
Utpal Dholakia
Jeff Fleming
Jennifer M. George
William H. Glick
Gustavo Grullon
Thomas Hemmer
Robert E. Hoskisson
Ajay Kalra
Wagner Kamakura
Haiyang Li
Vikas Mittal
Amit Pazgal
K. Ramesh
Shiva Sivaramakrishnan
Scott Sonenshein
Robert A. Westbrook
James Weston
Duane Windsor
Stephen A. Zeff
Yan "Anthea" Zhang
Jing Zhou

Associate Professors

Randy Batsell
Sharad Borle
Erik Dane
Jefferson Duarte
Yael Hochberg
Prashant Kale
Balaji Koka
Barbara Ostdiek
Brian R. Rountree
Douglas A. Schuler
D. Brent Smith
Yuhang Xing

Assistant Professors

Hajo Adam
Brian Akins
Dinah Cohen-Vernik
Alan Crane
Kevin Crotty
David De Angelis
Patricia Naranjo
Otilia Obodaru
Leila Peyravan
Anastasiya Zavyalova

Emeritus Professors

Bala G. Dharan
G. Anthony Gorry
George Kanatas
H. Albert Napier
Ronald N. Taylor
Wilfred Uecker
Edward E. Williams

Clinical Assistant Professors

Arzu Ozoguz
Constance Porter

Professor in the Practice of Management

William Arnold
Jack M. Gill
Vincent Kaminski
Benjamin Lansford
Dick Viebig

Associate Professor in the Practice of Management

David VanHorn

Visiting Assistant Professor

Heber Farnsworth
Sean Wang

Senior Lecturers

Jill Foote
Elizabeth O'Sullivan
Rick Schell
David Tobin

Lecturers

Abby Larson
Janet Moore
Lydia Musher
Hesam Panahi

Joint Appointments

Linda Driskill
Mikki Hebl
David Lane
Fred Oswald

 

For Rice University degree-granting programs:
To view the list of official course offerings, please see Rice’s Course Catalog
To view the most recent semester’s course schedule, please see Rice's Course Schedule

 Accounting (MACC)

MACC 500 - INTERNSHIP IN ACCOUNTING

Short Title: INTERNSHIP IN ACCOUNTING

Department: Management

Grade Mode: Standard Letter

Course Type: Internship/Practicum

Credit Hours: 6

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: Supervised off-campus, non-group instruction, including field experiences, practica, or internships in applied accounting. Written and oral critique of activity required. Internship plan must be approved in advance by the MAcc Program Director. Instructor Permission Required.

MACC 501 - CORPORATE GOVERNANCE, ACCOUNTING ETHICS, AND PROFESSIONALISM

Short Title: ETHICS IN ACCOUNTING

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: The purpose of the course is to prepare the future CPA for ethical judgement. Course materials emphasize ethical reasoning and giving voice to values; principles of integrity, objectivity, independence (in fact and appearance) and avoidance of intentional misrepresentation of facts; the role of core values in a dynamically changing global economy; and professional and ethical issues in accounting practice.

MACC 502 - BUSINESS LAW FOR ACCOUNTANTS

Short Title: BUSINESS LAW FOR ACCOUNTANTS

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: This course examines the broad subject of law as it relates to business and is designed to help the accounting student develop "legal astuteness." The course provides an initial exposure to contracts and crucial concepts of tort,, crime, agency, and business organizaiton, as well as federal legal and regulatory schemes.

MACC 503 - ACCOUNTING AND AUDITING REGULATION

Short Title: ACCTING & AUDITING REGULATION

Department: Management

Grade Mode: Satisfactory/Unsatisfactory

Course Type: Seminar

Credit Hours: 1.5

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: Students will travel to Washington, DC and Norwalk, CT for an intensive, 5-day learning program. An accounting faculty member will oversee the course, and various officials involved in public policy will lead many presentations and discussions. The grade for this course will be 100% based on accounting and business writing.

MACC 504 - FINANCIAL FUTURES AND OPTIONS

Short Title: FINANCIAL FUTURES & OPTIONS

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: An introduction to forward, futures, option, and swap contracts, including the basic valuation, principles, the use of these contracts for hedging financial risk, and an analysis of option-like investment decisions.

MACC 505 - ECONOMIC ENVIRONMENT OF BUSINESS

Short Title: ECONOMIC ENVIRONMT OF BUSINESS

Department: Management

Grade Mode: Satisfactory/Unsatisfactory

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: EEB stresses an understanding of the major macroeconomic forces affecting business in today's global economy. Fluency in major macroeconomic concepts and forces enhances business decision-making in the globally competitive product, financial, and labor markets that characterize the modern business environment.

MACC 511 - ISSUES IN FINANCIAL REPORTING II

Short Title: ISSUES IN FIN REPORTING II

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Restrictions: Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: Topics include: accounting for dilutive securities and stock-based compensation; recognition and de-recognition of investments, leases, deferred taxes, and pension and other postretirement obligations; advanced topics on inter-corporate investment accounting. Codification research will be integrated throughout course. Comparison of U.S. GAAP and IFRS.

MACC 512 - FINANCIAL STATEMENT ANALYSIS AND VALUATION

Short Title: FINANCIAL STATEMENT ANALYSIS

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: The first half of the course focuses on documenting and understanding a firm's profitability relative to past performance and comparable firms. The second half of the course covers: 1) forecasting financial statements and 2) deriving firm value under a variety of approaches, including DCF and residual income valuation (RIV).

MACC 513 - ISSUES IN FINANCIAL REPORTING III

Short Title: ISSUES IN FIN REPORTING III

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: This course covers the advanced financial accounting topics of: preparation of consolidated statements, partnership accounting and reporting, accounting for bankruptcy and reorganization, segment disclosures, and interim reporting, and the role of the SEC in financial reporting for publically traded companies.

MACC 514 - FAIR VALUE ACCOUNTING

Short Title: FAIR VALUE ACCOUNTING

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: This course examines: fair value accounting, as outlined in Accounting Standard Codification section 820 and other U.S. accounting standards; use of 3rd party pricing services, credit risk considerations, and recent accounting updates impacting the valuation of various financial instruments, such as loans, equities, department securities, alternative investments, real estate investments and liabilities.

MACC 530 - INTRODUCTION TO MANAGERIAL ACCOUNTING

Short Title: INTRO TO MGMT ACCOUNTING

Department: Management

Grade Mode: Satisfactory/Unsatisfactory

Course Type: Lecture

Credit Hours: 0.5

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: Course introduces the vocabulary and mechanics of cost accounting. Basic managerial accounting topics will be covered, including cost-volume analysis, cost behavior, relevant costs, and the use of cost information for decision making.

MACC 531 - ADVANCED MANAGEMENT ACCOUNTING

Short Title: ADVANCED MGMT ACCOUNTING

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: The use of management accounting information to serve management decision making; review of cost concepts; standards and variances; relevance and decision making; role of cost allocations; different costs for different purposes; product costing systems; and managing customers.

MACC 541 - ACCOUNTING CONTROL SYSTEMS

Short Title: ACCOUNTING CONTROL SYSTEMS

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: Examines the concepts of the integrated audit of internal control over financial reporting in accordance with PCAOB Audit Standard 5. Also covers fundamental procedures used in financial statement audits, specifically in the client acceptance and continuance, planning and risk assessment, and audit comfort cycle phases of the engagement.

MACC 561 - ACCOUNTING INFORMATION SYSTEMS

Short Title: ACCOUNTING INFORMATION SYSTEMS

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: A study of automated systems of processing data for accounting information. The accounting system is discussed form the perspective of developing and maintaining systems capable of producing information for internal decision-making and external reporting. Hands-on experience may include general ledger, ERP, flowcharting software and other relevant computer technology.

MACC 562 - ACCOUNTING AND DATA ANALYTICS

Short Title: ACCOUNTING & DATA ANALYTICS

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: This capstone course applies accounting and critical thinking skills to real-world data analytics examples from auditing and forensics. The focus is on (1) the methodologies of transforming raw and unstructured data into workable data sets, (2) how to interpret data sets, and (3) the presentation of data to decision makers.

MACC 571 - FEDERAL TAXATION I

Short Title: FEDERAL TAXATION I

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: Introduction to federal income tax principles. Emphasis on general skills in identifying and resolving tax issues, understanding the administrative and public policy and reasoning underlying tax law choices and integrating the tax laws into business and personal decisions and planning. Coverage of taxation of C-corporations, S-corporations, and partnerships.

MACC 572 - FEDERAL TAXATION II

Short Title: FEDERAL TAXATION II

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Prerequisite(s): MACC 571

Description: Building on the subject matter covered in MACC 571, this course provides further knowledge of the federal tax structure and fundamental skills for decision-making regarding tax compliance and tax planning.

MACC 581 - GOVERNMENT AND NOT-FOR-PROFIT ACCOUNTING

Short Title: GOVT AND NFP ACCOUNTING

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 1.5

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: Financial reporting, managerial, auditing, taxation, and information systems issues in governmental and nonprofit entities; ethics and professional standards; fund accounting concepts and practices, as well as government-wide financial reporting similar to private business consolidated reporting and the relationships between the two; not-for-profit budgeting, accounting, and reporting standards.

MACC 591 - ACCOUNTING THEORY

Short Title: ACCOUNTING THEORY

Department: Management

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Restrictions: Enrollment limited to students in the MACC program. Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: The aim of this seminar is to impart an understanding of the historical evolution of the literature on financial accounting theory and accounting principles, as well as emerging developments in accounting research. A companion objective is to come to understand the evolving dynamic of the standard-setting process for financial reporting in the United States and at the international level, including consideration of the “political” intrusions into this process. Readings will be drawn from the periodical literature, books and monographs, and reports. A term paper will be required. The prerequisite for undergraduates is BUSI 405, but the course will also be open also to a small number of other students who have taken just BUSI 305. MBA students: Prerequisite is MGMT 601. PhD students: no prerequisites. All students must obtain the prior permission of the instructor. Course may not be taken pass/fail and may not be audited. Enrollment will be limited. Mutually Exclusive: Credit cannot be earned for MACC 591 and BUSI 491/MGMT 591.

MACC 599 - INDEPENDENT STUDY

Short Title: INDEPENDENT STUDY

Department: Management

Grade Mode: Standard Letter

Course Type: Independent Study

Credit Hours: 1-3

Restrictions: Enrollment is limited to Graduate level students.

Course Level: Graduate

Description: Specialized aspect or topic in an area directly related to public accounting that is chosen by student and an appropriate faculty member. Department Permission Required. Repeatable for Credit.

Description and Code Legend

Note: Internally, the university uses the following descriptions, codes, and abbreviations for this academic program. The following is a quick reference:  

Course Catalog/Schedule 

  • Course offerings/subject code: MACC

Department Description and Code

  • Management: MGMT

Graduate Degree Description and Code

  • Master of Accounting degree: MAcc

Graduate Degree Program Description and Code

  • Degree Program in Accounting: ACCO