The accounting area of emphasis is designed to prepare students for careers in accounting, business, not-for-profit, and government organizations. The areas of accounting study are financial accounting, managerial accounting, taxation, accounting systems, and auditing.
Course work in accounting conveys a comprehensive understanding of the theory and concepts that underlie accounting practice. Emphasis is placed on logical reasoning and the development, understanding, and use of information, which enable students to solve problems in accounting and management of organizations and to make sound accounting policy decisions.
Accounting students have two broad career options to consider after graduation. Those who aspire to pursue careers in public accounting must become Certified Public Accountants (CPAs). The CPA designation is not as critical for other career paths in accounting, but becoming a CPA can be advantageous in any accounting career. Currently, an undergraduate degree, and 27 semester hours of accounting (including auditing), is required to sit for the CPA exam in the state of Colorado.
Students who wish to become CPAs should learn the status of the educational requirements of the state in which they hope to work following graduation. Each state has a board of accountancy that can provide this information.
Accounting students who are planning careers in business, government, or non-profit enterprises and wish to earn their undergraduate degree in accounting are strongly encouraged to take substantial course work outside of the required accounting courses, such as finance, information systems, and international business.
The accounting area of emphasis takes at least three semesters beyond the Business Core to complete, and requires 18 semester hours. Students should be aware of this requirement when planning their course schedules. Students in the accounting program are strongly advised to complete BCOR 1020 in their freshman year and 2000 and 2200 in their sophomore year.
These three required 3--- level courses are prerequisites for the 4--- level courses.
- ACCT 3220 Corporate Financial Reporting I - 3 Credits
- ACCT 3230 Corporate Financial Reporting II - 3 Credits
- ACCT 3320 Cost Management - 3 Credits
Take 6 credit hours from the following 4--- level courses:
- ACCT 4240/5240 Advanced Financial Accounting - 3 Credits
- ACCT 4250/5250/6250 Financial Statement Analysis - 3 Credits
- ACCT 4330/5330 Advanced Cost Management - 3 Credits
- ACCT 4440/5440 Income Taxation – 3 Credits
- ACCT 4540/5540 Accounting Information Systems - 3 Credits
- ACCT 4620/5620 Auditing - 3 Credits
- ACCT 4700/5700 International Accounting - 3 Credits
- ACCT 4800/5800 Accounting for Government and Nonprofit Organizations - 3 Credits
- ACCT 4820/5820 - Topics in Business - variable credit (must get divisional approval for this course to count towards Accounting emphasis.)
- ACCT 4825 - Experimental Seminar - variable credit (only 3 credit hours may count towards Accounting emphasis)
Required Senior Capstone Course
- ACCT 4850-3. Senior Seminar in Accounting.- 3 Credits
The following course counts only as a business elective if taken SUMMER 2007 or LATER:
- ACCT 4430 Personal Financial Planning,
These courses will not count toward the Accounting area of emphasis
- ACCT 4900-variable credit: Independent Study
- ACCT 6000 – Accounting Internship – variable credit
- ACCT 6350 Current Issues in Professional Accounting
- ACCT 6620 Advanced Auditing: Business Risk and Decision Analysis
M.S. in Accounting
The Leeds M.S. Accounting program features internationally recognized research faculty and award-winning teachers. Researchers teaching in our program have made notable contributions in the areas of international accounting, behavior of auditors, and use of accounting information by managers and participants in capital markets.
For more information about the M.S. in Accounting program, please email firstname.lastname@example.org.
Admission to the M.S. program is competitive, ensuring that students learn in an environment enriched by challenging peers. The program graduates more than 50 students per year, most of whom have job offers before graduation. Recent full-time offers and internships have placed our students not only in Denver, but also in New York, San Francisco, and Houston.
The standard two-year program offers many opportunities for internships, which are integral to both the learning environment and the job search process. The busy-season (spring) internship typically occurs during the second of four semesters. Our students are consistently placed in tax, audit, and financial analysis internships with high profile firms which are looking for new talent.
The MS requires ten courses, which can be completed in three semesters, though the three semester option curtails some internship opportunities, and increases the challenge in completing the CPA exam before beginning employment.
Leeds faculty work closely with national and international business and accounting leaders to generate relevant course materials, and to help create a broad set of internship and career opportunities for Leeds students. Many of the accounting practitioners are Leeds alumni who have a close relationship with Leeds. They have generously lectured in our courses, and can be counted on to participate in our alumni events.
Our tax program is closely affiliated with the Colorado Law School. M.S. students who concentrate in taxation take five tax courses, three of which are law courses taken at the law school. Many of our students become certified tax preparers and then participate in our Tax Help Program for low-income Colorado families. In spring 2011, students completed 491 tax returns, garnering $808,665 in total refunds for these families.
Each spring, CPA review courses are taught on campus by a Leeds faculty member. Students typically attend these review sessions on Saturdays, during their fourth semester in the program. The review sessions enable students to start taking parts of the CPA exam before graduation, and continue taking exam sections in the summer after graduation, so that the CPA exam is completed before they begin working in the fall.
Concurrent M.S. in Accounting
The concurrent Bachelor of Science and Master of Science degree program responds to the educational requirements for Certified Public Accountants (CPAs). Although Colorado currently requires only 120 credit hours to take the CPA exam, recent changes in legislation will require 150 credit hours, beginning July 1, 2015. Most other jurisdictions require 150 credit hours to sit for the CPA exam.
The concurrent B.S./M.S. degree program is a five year, 150 credit program. Students earn a B.S. in Business Administration (120 credits) with an emphasis in Accounting or Finance, and a M.S. in Business Administration in Accounting, in either the Financial (30 credits) or Taxation (31 credits) tracks.
Larry Abbott, Katherine Gunny, and Tracey Zhang. 2013. When the PCAOB Talks, Who Listens? Evidence from Stakeholder Reaction to GAAP-deficient PCAOB Inspection Reports of Small Auditors. Auditing: A Journal of Practice & Theory (forthcoming).
Francois Brochet, Alan D. Jagolinzer, Edward J. Riedl. 2013. Mandatory IFRS Adoption and Financial Statement Comparability. Contemporary Accounting Research (forthcoming).
Jon Danielsson, Bjorn N. Jorgensen, Gennadi Samorodnitsky, Mandira Sarma, and Casper G. de Vries. 2013. Fat tails, VaR and Subadditivity. Journal of Econometrics 172 (2). 283-291.
Katherine Gunny, John Jacob, and Bjorn N. Jorgensen. 2013. Earnings Attributes of Alternate Annual Reporting Periods. Review of Accounting Studies 18 (September).
Katherine Gunny and Tracey Zhang. 2013. PCAOB inspection reports and audit quality. Journal of Accounting and Public Policy 32 (March-April): 136-160.
Bjorn N. Jorgensen, Yaniv Konchitchki, N. Bugra Ozel, and Gil Sadka. 2013. Legal Environment and the Differential Performance of Publicly Traded and Privately Held Firms. The International Journal of Finance (forthcoming).
Bjorn N. Jorgensen, Yong Gyu Lee, and Steve Rock. 2013. The shapes of scaled earnings histograms are not due to scaling and sample selection: Evidence from distributions of reported earnings per share. Contemporary Accounting Research (forthcoming).
Boochun Jung, Naomi S. Soderstrom, and Yanhua Sunny Yang. 2013. Earnings Smoothing Activities of Firms to Manage Credit Ratings. Contemporary Accounting Research (forthcoming).
Frank H. Selto and Marc Cussatt. 2013. Discussion of Corporate Governance Reform and Executive Incentives: Implications for Investments and Risk-Taking. Contemporary Accounting Research (forthcoming).
Yonca Ertimur, Fabrizio Ferri and David A. Maber, 2012. Reputation Penalties for Poor Monitoring of Executive Pay: Evidence from Option Backdating. Journal of Financial Economics 101: 118-144.
Anne Gron, Bjorn N. Jorgensen, and Nicholas Polson. 2012. Optimal Portfolio Choice and Stochastic Volatility. Applied Stochastic Models in Business and Industry 28 (January/February): 1-15.
Bjorn N. Jorgensen and Michael T. Kirschenheiter. 2012. Interactive Discretionary Disclosures. Contemporary Accounting Research 29 (Summer): 382-397.
Bjorn N. Jorgensen, Jing Li, and Gil Sadka. 2012. Earnings Dispersion and Aggregate Stock Returns. Journal of Accounting and Economics 53 (February-April): 1-20.
Jeremy Michels. 2012. Do Unverifiable Disclosures Matter? Evidence from Peer-to-Peer Lending. The Accounting Review 87 (July): 1385-1413.
Hanwen Chen, Jeff Zeyun Chen, Gerald J. Lobo, and Yanyan Wang. 2011. Effects of Audit Quality on Earnings Management and Cost of Equity Capital: Evidence from China. Contemporary Accounting Research 28(3): 892-925.
Matthew J. Clayton and Bjorn N. Jorgensen. 2011. Corporate Equity Ownership, Investment, and Product Market Relationships. Journal of Corporate Finance 17 (December):1377-1388.
Leslie Eldenburg, Katherine Gunny, Kevin Hee, and Naomi Soderstrom. 2011. Earnings Management Using Real Activities: Evidence from Nonprofit Hospitals. The Accounting Review 86 (September):1605-1630.
Yonca Ertimur, Volkan Muslu and Frank Zhang, 2011. Why are Recommendations Optimistic? Evidence from Analysts’ Coverage Initiations. Review of Accounting Studies 16: 679-718.
Yonca Ertimur, Fabrizio Ferri and Volkan Muslu, 2011. Shareholder Activism and CEO Pay. Review of Financial Studies 24 (2): 535-592.
Yonca Ertimur, William J. Mayew and Stephen R. Stubben, 2011. Analyst Reputation and the Issuance of Disaggregated Earnings Forecasts to I/B/E/S. Review of Accounting Studies 16: 29-58.
Alan D. Jagolinzer, David F. Larcker, and Daniel J. Taylor. 2011. Corporate Governance and the Information Content of Insider Trades. Journal of Accounting Research 49(5):1249-1274. [Blog]
Bjorn N. Jorgensen, Yong Gyu Lee, and Yong Keun Yoo. 2011. The Valuation Accuracy Inferred from Empirical Implementations of the Abnormal Earnings Growth Model: U.S. Evidence. Journal of Business Finance & Accounting 38 (3&4): 446-471.
Mary A. Malina, Hanne S.O. Nørreklit, and Frank H. Selto. 2011. Lessons learned: advantages and disadvantages of mixed method research. Qualitative Research in Accounting & Management 8 (1): 59 - 71.
Christopher S. Armstrong, Mary Barth, Alan D. Jagolinzer, and Eddie J. Riedl. 2010. Market Reaction to the Adoption of IFRS in Europe. The Accounting Review 85 (1): 31-61.
Chistopher S. Armstrong, Alan D. Jagolinzer, and David Larcker. 2010. Chief Executive Officer Equity Incentives and Accounting Irregularities. Journal of Accounting Research, 48 (2): 225-271.
Ramji Balakrishnan, Leslie Eldenburg, Ranjani Krishnan, and Naomi S. Soderstrom. 2010. The Influence of Institutional Constraints on Outsourcing. Journal of Accounting Research 48 (4): 767-791.
Hanwen Chen, Jeff Zeyun Chen, Gerald J. Lobo, and Yanyan Wang. 2010. Association Between Borrower and Lender State Ownership and Accounting Conservatism. Journal of Accounting Research 48 (5): 973-1014.
Leslie Eldenburg, Naomi S. Soderstrom, Veronda Willis, and Anne Wu. 2010. Behavioral changes following the collaborative development of an accounting information system. Accounting Organizations and Society 35 (2): 222-237.
Katherine Gunny. 2010. The Relation Between Earnings Management Using Real Activities Manipulation and Future Performance: Evidence from Meeting Earnings Benchmarks. Contemporary Accounting Research 27 (3): 855-888.
Hui Chen and Mike Shor. 2009. Decentralization, Transfer Pricing and Tacit Collusion. Contemporary Accounting Research, 26 (2): 581-604.
Alan D. Jagolinzer. 2009. SEC Rule 10b5-1 and Insiders’ Strategic Trade, Management Science 55 (2): 224-239.
Hui Chen and Debra Jeter. The Role of Auditing and Internal Controls in Buyer-Supplier Relations. 2008. Journal of Contemporary Accounting and Economics 4 (1): 1-18.
Jon Danielsson, Bjorn N. Jorgensen, Casper de Vries, and Xiaoguang Yang. 2008. Optimal Portfolio Allocation Under the Probabilistic Risk Constraint and Incentives for Financial Innovation. Annals of Finance 4 (3): 345-367.
John Jacob, Steven Rock, and David Weber. 2008. Do Analysts at Independent Research Firms Make Better Earnings Forecasts? Journal of Accounting, Auditing, and Finance 23-1, 23-61.
Derek Johnston and Stephan Sefcik, and Naomi S. Soderstrom. 2008. The Value Relevance of Greenhouse Gas Emissions. European Accounting Review 17(4): 747-764. (Invited article)
Sundaresh Ramnath, Steven Rock, and Philip B. Shane. 2008. Financial Analysts' Forecasts and Stock Recommendations: A Review of the Research. Foundations and Trends in Finance 2 (4): 311-420.
Sundaresh Ramnath, Steven Rock, and Philip B. Shane. 2008. Financial Analyst Forecasting Literature: A Taxonomy with Trends and Suggestions for Further Research. International Journal of Forecasting, 24: 34-75.
Ramji Balakrishnan, Naomi S. Soderstrom, and Timothy D. West. 2007. Spending Patterns with Lapsing Budgets: Evidence from U.S. Army Hospitals. Journal of Management Accounting Research 17: 1-18.
Hui Chen and Fei Leng. 2004. Pay-Performance Sensitivity in a Heterogeneous Managerial Labor Market. Journal of Management Accounting Research 16: 19-33.
John Jacob and Bjorn N. Jorgensen. 2007. Earnings Management and Accounting Income Aggregation. Journal of Accounting and Economics 43 (2-3): 369-390.
Alan D. Jagolinzer, Steve Matsunaga, and Eric Yeung. 2007. An Analysis of Insiders’ Use of Prepaid Variable Forward Transactions. Journal of Accounting Research 45 (5): 1055–1079.
Bjorn N. Jorgensen, Cheryl L. Linthicum, Andrew J. McLelland, Mark H. Taylor, and Teri L. Yohn. 2007. Recent Developments at the Securities and Exchange Commission: Academic Contributions and Opportunities. Accounting Horizons 21 (3): 313-323.
Andrew Leone, Steven Rock, and Michael Willenborg. 2007. Disclosure of Intended Use of Proceeds and Underpricing in Initial Public Offerings. Journal of Accounting Research 45 (1): 111-153.
Mary Malina, Hanne S. Norreklit, and Frank H. Selto. 2007. Relations among Measures, Climate of Control, and Performance Measurement Models. Contemporary Accounting Research 24 (3): 935-982.
Chris S. Armstrong, Alan D. Jagolinzer, and David F. Larcker. 2011. Performance-Based Incentives for Internal Monitors.
Brad Badertscher, Bjorn N. Jorgensen, Sharon Katz, and William Kinney, Jr. 2012. Audit pricing and litigation risk: The role of public equity.
Hui Chen, Yongmin Chen and Tianle Zhang. Communication Error, Single-Crossing Investment Returns and Disclosure Bias.
Hui Chen, Katherine Gunny, and Karthik Ramanna. The Jobs Creation Act and corporate tax avoidance.
Hui Chen, Debra Jeter and Ya-Wen Yang. Do Regulatory Policies regarding Auditing and Financial Reporting Affect Executive Pay?
Hui Chen, David Parsley and Ya-Wen Yang. Coporate Lobbying and Financial Performance.
Hui Chen, Sundaresh Ramnath, Srinivasan Rangan, and Steve Rock. 2011. Inventory Write-downs in the Semiconductor Industry.
Jeff Zeyun Chen, Gerald J. Lobo, Yanyan Wang, and Lisheng Yu. Loan collateral and accounting conservatism.
Jeff Zeyun Chen, Lynn L. Rees, and K. Sivaramakrishnan. On the use of accounting vs. real earnings management to meet earnings expectations—A market analysis.
Jeff Zeyun Chen, and Philip B. Shane. Earnings persistence and mispricing implications of abnormal changes in cash.
Jeff Zeyun Chen, K. Sivaramakrishnan, and Ziyun Yang. On the implications of ongoing earnings management for financial reporting quality.
Yonca Ertimur, Fabrizio Ferri, and David Oesch. 2010. Does the Director Election System Matter? Evidence from Majority Voting.
Yonca Ertimur, Fabrizio Ferri, and David Oesch. 2012. Shareholder Votes and Proxy Advisors: Evidence from Say on Pay.
Yonca Ertimur, Ewa Sletten and Jayanthi Sunder. 2011. Large Shareholders and Disclosure Strategies: Evidence from IPO Lockup Expirations.
Tatiana Fedyk, Katherine Gunny, and Tracey Zhang. Do managers use meeting analyst forecasts to signal private information? Evidence from patent citations.
Tom Groot, José Ramiro Montealegre, and Frank H. Selto. 2011. Management Control of Business Service Outsourcing.
Katherine Gunny and Tracey Zhang. Informed trading by corporate executives and shareholder value.
M. Todd Henderson, Alan D. Jagolinzer, and Karl A. Muller. 2011. Strategic Disclosure of 10b5-1 Trading Plans.
Awards & Recognition
Katherine Gunny received one of the 2012 Provost's Faculty Achievement Awards for her article "The Relation Between Earnings Management Using Real Activities Manipulation and Future Performance: Evidence from Meeting Earnings Benchmarks."
Frank Selto was an Outstanding Paper Award Winner at the Literati Network Awards for Excellence 2012 for a study on advantages and disadvantages of mixed method research.
Jeremy Michels is a Deloitte Foundation 2012 Ph.D. Fellowship Grant Recipient.
Adam J. Bordeman was the Fall 2012 Leeds PhD Teaching Award Recipient.
Katherine Gunny is the recipient of the 2011 EKS&H research Award for her paper on real earnings management: How firms make real decisions rather than just accounting decisions, to meet earnings benchmarks.
Jim Marlatt was selected for the 2011 Joseph L. Frascona Teaching Excellence Award.
Jeremy Michels received a 2011 AAA/Grant Thornton Doctoral Dissertation Award for Innovation in Accounting Education.
Susan Morley was selected as the 2010 Joseph L. Frascona Teaching Excellence Award.
Alan Jagolinzer is the recipient of the 2010 EKS&H research Award for his paper on IFRS adoption in Europe (coauthored with Christopher Armstron, Mary Barth, and Eddie Riedl).
Naomi Soderstrom won the 2009 Journal of Management Accounting Research Best Paper Award for a paper suggesting unwise end-of-year spending at US army hospitals.
Bjorn Jorgensen is the recipient of the 2009 EKS&H research Award for his coauthored paper on earnings management (coauthored with John Jacob).
David Frederick was selected as the 2007 Joseph L. Frascona Teaching Excellence Award.
Cathleen Burns was selected as the 2006 Joseph L. Frascona Teaching Excellence Award.
Steven Rock received the 2005 American Accounting Association’s Notable Contribution to Management Accounting Literature Award.
Nancy Stec-Helstad was selected as the 2004 Joseph L. Frascona Teaching Excellence Award.
Jay Ballantine was selected as the 2003 Joseph L. Frascona Teaching Excellence Award.
Ray MacFee was selected as the Joseph L. Frascona Teaching Excellence Award in both 2001 and 1997.
Cathleen Burns received the 1996 American Accounting Association’s Innovation in Accounting Education Award.
ACCT 2820: Introduction to Personal Financial Planning
Students learn the concepts, tools, and applications of personal finance and investments. Focuses on individual income taxation and development of a financial plan to achieve financial goals. Prerequisite 26 hours completed. Cannot be counted toward the Accounting major but counts as a Business Elective beginning summer 2007. Formerly ACCT 4430.
ACCT 3230: Corporate Financial Reporting II
Second in a two-course sequence, building and extending detailed knowledge of preparation, analysis, and use of financial statements. Prerequisite: ACCT 3220 and 52 hours completed.
ACCT 3320: Cost Management
Students review cost analysis to evaluate a firm’s control and decision making. Students review an analysis of activities, cost behavior, the role of accounting in planning and control, and managerial uses of cost data. Prerequisite: BCOR 2000, 2200 and 52 hours completed.
ACCT 4240: Advanced Financial Accounting
Students learn advanced financial accounting theory and practice, with an emphasis on accounting for business combinations and consolidations. Prerequisite: ACCT 3230
ACCT 4250: Financial Statement Analysis
Focuses on the use of accounting information by decision makers external to the firm. Considers judgments made by investors, security analysts, bank lending officers, and auditors. Emphasizes equity valuation and risk analysis. Prerequisite: ACCT 3220.
ACCT 4330: Advanced Cost Management
Students review critical analysis of advanced topics in managerial accounting. Current cases and readings are used to illustrate and examine the subject. Prerequisite: ACCT 3320.
ACCT 4440: Income Taxation
Examines concepts and structure of the U.S. income tax system. Students focus on concepts affecting all taxpayers, with an emphasis on business entities. Prerequisite: ACCT 3220
ACCT 4540: Accounting Information Systems
Considers the interaction of accountants with information systems and the role of accounting information systems in business processes. Focuses on the tools used by accountants and provides an understanding of accounting as an information system. Prerequisite: ACCT 3220.
ACCT 4620: Auditing
Emphasizes the value of assurance services, including the market for financial-statement audits, and the audit decision process, from obtaining a client through planning and testing, to issuance of the audit report. Focuses on making judgments and decisions under conditions of uncertainty and continually evaluating the substance of business transactions over their form. Prerequisite: ACCT 3230.
ACCT 4700: International Accounting
Intensive focus on international financial statement analysis, cultural and economic differences that affect financial reporting in various countries. Examples include international financial reporting standards and accounting for foreign currency transactions. Prereq., ACCT 3230. Same as ACCT 5700.
ACCT 4800: Accounting for Government and Nonprofit Organizations
Looks at planning and control of government and nonprofit organizations. Includes program budgets, responsibility accounting, and fund accounting. Prerequisite: ACCT 3220
ACCT 4820: Experimental Seminar
Information coming soon
ACCT 4850: Senior Seminar in Accounting
Offered Fall and Spring ONLY. This seminar examines the nature of accounting theory and practice from perspectives of economics law, globalization, accounting, ethics, and moral reasoning. This course also explores issues including implications of institutional factors, such as Sarbanes-Oxley, SEC, FASB, IFRS, and capital markets. Prereqs., BCOR 2000, ACCT 3230, one 4000-level ACCT course, and 102 hours completed. Restricted to graduating senior ACCT majors. Formerly BCOR 4001.
ACCT 4900: Independent Study
Satisfy your curiosity and work on your own for a semester.
BCOR 2000: Accounting and Financial Analysis
Builds a basic understanding of how information regarding a firm's resources and obligations is conveyed to decision makers both outside and within the firm. Prereq., BCOR 1010, 1020 and successful completion of the EXCEL proficiency exam. Restricted to students with a minimum of 26 credit hours.
Leeds School offers free tax help to low-Income families each year starting in January.
November 29, 2012
Alan Jagolinzer, associate professor of accounting, is quoted for an article in Fortune on pre-set stock plans.
Wall Street Journal
November 27, 2012
Alan Jagolinzer, associate professor of accounting, analyzes the opportunities available for executives to trade stocks in their own companies for an article in The Wall Street Journal.
June 13, 2012
Alan D. Jagolinzer's paper “Sec Rule 10b5-1 and Insiders’ Strategic Trade” was quoted in a Forbes article regarding stock prices of Vertex Pharmaceuticals.
May 9, 2011
Accounting was the industry that hired the highest percentage of its interns, according to results of a new survey conducted by the National Association of Colleges and Employers.
Leeds School of Business
January 4, 2011
Leeds School of Business at the University of Colorado at Boulder is once again offering free tax help to low-income individuals and families as part of an expanding statewide partnership with The Piton Foundation and other Colorado colleges.
May 5, 2011
6:30 pm – 8:30 pm
Byron R. Koste Atrium
Leeds School of Business
Reception for graduating students of the masters accounting and concurrent masters and bachelors accounting programs.
February 7, 2011
5:00 pm – 6:00 pm
Information session for prospective students to the master's degree standalone or the five-year concurrent degree program.
January 29 – April 11, 2011
Tax Help Colorado is a program that uses colleges to provide free income-tax return preparation to lower- and moderate-income working families in Colorado.