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Accounting 2019-03-08T16:39:16+00:00

Accounting

Accounting

Preparation for the Major

This course introduces students to the accounting information reported to external users, including the accounting cycle, valuation of assets, liabilities and owners’ equity, measurement of net income, and reporting of cash flows. This course also introduces students to the business environment and vocabulary, as well as ethics and related areas of accounting such as managerial accounting, taxation, auditing, and attestation. Emphasis is on creation and interpretation of financial statements including required disclosures.

Prerequisite: Completion of ACCT 201 with a minimum grade of C-. This course introduces students to the accounting information created for internal decision makers, including product costing, cost-volume-profit analysis, budgetary control, and incremental analysis. This course focuses on strategic cost management to support efficient use of company resources.

This course is designed to provide students with an introduction to the various areas of law that pertain to business and to teach students to critically evaluate legal issues. This course examines the legal and ethical laws, rules, and standards of conduct relating to business operations and administrations. Topics of discussion include constitutional law, tort law (negligence and intentional torts), contracts, business entities, agency, and employer-employee legal issues. The scope of the course also includes discussion of public policy and ethics in shaping the development of these areas of law and how they relate to ethical obligations in business transactions.

This course covers writing strategies and language choices in business writing, where students will practice using different business formats, document designs, and organizational styles. Students will also conduct research, analyze findings, and make a recommendation to their readers.

Examination of fundamental concepts and tools for understanding the economic behavior of households, firms, and markets. Covers demand and supply, marginal analysis, production costs, profit maximization and pricing of resources. Explains price and output decisions in various market structures. Applications of microeconomic analysis in addressing public, social, environmental and global issues and problems.

A study of government fiscal and monetary policy tools to manage inflation, unemployment and growth. Covers national accounting system, aggregate demand and supply, and impact on macroeconomic variables affecting savings & investment, income & wealth, money & interest rates, credit & capital and international trade and exchange.

Core Courses

This course introduces students to the theoretical and applied behavioral aspects involved in the effective management of organizations, including individual differences, motivation, communication, group dynamics, power, conflict, decision-making, and leadership.

This is a foundation course providing students with an overview of the role and process of marketing as a system of exchanges within society, the economy, and business organizations. This course covers topics about strategic planning, market segmentation, environmental scanning, marketing strategies, marketing mix elements, consumer and business buying behaviors, and marketing research.

This course introduces students to statistical concepts and methods relevant to business problems, model building and analysis, as well as case studies and intensive use of statistical software.

Prerequisite: BUS 304 with a minimum grade of C-. This course offers an intensive study of the elements associated with the design and operation of companies in manufacturing and service industries and the integration of these elements within the entire corporate strategy, including operations in global markets, designing and controlling the transformation process, and planning for operations. This course also focuses on the quantitative model building approach to problem-solving with extensive use of computer software.

This course examines the financing and investment decisions made by firms’ financial managers. Subjects include financial mathematics, capital budgeting, valuation of financial securities, risk and return, cost of capital, capital structure, dividend policy, and financial analysis and planning.

This course introduces students to subjects in management information systems, including computer hardware and software, databases, information systems development, and the role of information systems in the organization. Three hours of lecture and two hours of laboratory.

Prerequisite: MGMT 305 with a minimum grade of C-. This course provides students with an overview of major organizational behavior concepts and their relationship to the management of complexities and challenges faced by service organizations. Concepts include understanding the role of services in the modern economy, managing conditions for excellent service delivery, creating value through service, and integrating management with marketing and operations in the service environment.

This course acquaints students with the context of international business, environment, institutions, and business practices, which will help students develop cultural awareness, sensitivity, and interpersonal and leadership skills needed in an international context.

This course examines the process of initiating, expanding, purchasing, and consolidating businesses. Several concepts, theories, and techniques of managerial innovation and implementation will be discussed in depth.

Theory and methodology involved in contemporary accounting for assets, liabilities, stockholders’ equity, net income and funds, and analysis and interpretation of financial statements.

A continuation and more in depth look at the theories and methodologies covered in ACCT400A.

An examination of the value of managerial accounting in organizational decision making and control, addressing specific managerial accounting problems and their solutions.

Principles of federal income taxation, with emphasis on how individuals are taxed. Additional topics will be covered.

Topics covered include structured analysis of financial statements, forecasting of income and cash flows, pro-forma financial statements, firm valuations using discounted cash flows and discounted residual income methods, comparative valuation analysis and credit analysis.