BUAC722

Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H Smith. Designed to give accounting masters students exposure to and appreciation of the various types of research that are undertaken by accounting and auditing professionals, including CPAs, financial analysts and academics. Accounting research will be studied as it relates to financial accounting standards, auditing standards, gaining understanding of a business and industry, and to a very limited extent tax and academic research. Students will gain experience working with professional accounting research databases as well as other databases that are useful for accounting research. Auditors and corporate preparers of financial statements need to know how to determine current GAAP and GAAS as they confront new issues and as standards evolve and change. Professionals need to understand how the standards are derived and how to analyze policy alternatives. Additionally, students will also explore the process of researching a business or industry in preparation for an audit.