Business Courses

Accounting

ACCT 130,Accounting Principles I

Basic concepts and fundamentals of financial accounting are introduced. The accounting equation, accrual accounting, and the preparation of Use of computers in preparation and presentation of financial accounting data is emphasized. (3-0-3) Offered in Fall, Spring, and Summer.

ACCT 131,Accounting Principles II

The companion course and sequel to Accounting 130. Basic financial accounting concepts and fundamentals continue to be explored with an emphasis on partnerships, corporations, and financial statement analysis. An introduction to management accounting concepts is also provided. Prerequisite: ACCT 130. (3-0-3) Offered in Spring and Summer.

ACCT 330,Intermediate Accounting I

This course provides an in-depth understanding of generally accepted accounting principles underlying financial statements. Areas covered include assets, liabilities, and income measurement. Prerequisites: ACCT 131 and Junior standing. (3-0-3) Offered in Fall.

ACCT 331,Intermediate Accounting II

The companion course and sequel to ACCT 330. Coverage of long-term investments, owner's equity, pensions, leases, income taxes treatment, cash flows, and financial statement disclosures and issues are emphasized. Prerequisite: ACCT 330. (3-0-3) Offered in Spring.

ACCT 332,Cost and Managerial Accounting I

Provides an understanding of cost and managerial concepts and fundamentals. Deals with cost accounting techniques (job, process, and standard costing), joint and byproduct costs, cost-volume-profit analysis, and relevant cost analysis for decision-making. Prerequisites: ACCT 131 and Junior standing. (3-0-3) Offered in Fall.

ACCT 337,Federal Income Tax I

The basic concepts of Federal tax laws as they relate to the taxation of individuals. Concepts of gross income, exclusions, deductions, exemptions, and credits are covered, as well as property transactions. Prerequisites: ACCT 330 and Junior standing. (3-0-3) Offered in Spring.

ACCT 430,Advanced Accounting I

Accounting concepts and practices are investigated in the areas of accounting for multi-corporate entities and acquisitions, accounting for not-for-profit organizations, partnership accounting, statement of cash flows, segment reporting, and international accounting. Prerequisite: ACCT 331. (3-0-3) Offered in Fall.

ACCT 432,Cost and Managerial Accounting II

The application of cost and managerial accounting to management decision-making. Topics covered include capital budgeting, transfer pricing, and segment performance evaluation. Students will obtain hands-on computer experience, as well as exposure to mathematical models, decision models, and statistical techniques. Prerequisite: ACCT 332. (3-0-3) Offered in Spring.

ACCT 435,Auditing Theory I

Examination of the process of accumulating and evaluating audit evidence. Areas covered include generally accepted auditing standards, professional ethics, auditors' legal responsibilities, organization of the accounting profession, financial and operational audits, and the impact of U.S. securities laws on auditing. Prerequisite: ACCT 331. (3-0-3) Offered in Fall.

ACCT 436,Auditing Theory II

The companion course and sequel to ACCT 435. This course covers recent professional pronouncements as well as the implementation of generally accepted auditing standards through the integration of sampling techniques and computer software. Practice in solving CPA examination-level problems. Prerequisite: ACCT 435. (3-0-3) Offered in Spring.

ACCT 437,Federal Income Tax II

The companion course and sequel to ACCT 337. Federal tax law as it relates to corporations and partnerships in the areas of formation, operations, and distributions is the main emphasis. Other topics include the Internal Revenue Service, estate and gift taxation, and an introduction to tax-research methods. Prerequisite: ACCT 337. (3-0-3) Offered in Fall.

ACCT 491,Independent Reading and Research

Independent investigation of problems within the area of the student's special interest, to be supervised by a faculty member. Prerequisites: Consent of instructor and junior standing. (Credit: Variable)

Economics

ECON 211,Principles of Macroeconomics

The determination of output, employment, and the rate of inflation. Topics include a broad based discussion of the controversies in macro- economics, the appropriate use of fiscal and monetary policy, the effects of a budget deficit, determination of the rate of exchange, and the trade deficit. (3-0-3) (S) Offered in Fall, Spring, and Summer.

ECON 212,Principles of Microeconomics

Introduction to the theory of markets and the determination of outputs and prices. Topics include demand theory, production theory, a discussion of competition, monopoly and oligopoly and input markets. (3-0-3) Offered in Fall, Spring, and Summer.

ECON 423,Economic Analysis of Capital Investments

The evaluation of proposed capital investments in the public and private sectors. Equivalent worth, rate of return, and benefit/cost methods. Treatment of the time value of money, taxes, inflation, risk, interrelated investments and capital budgeting. Prerequisite: Junior standing. (3-0-3) (S) Offered in Fall and Spring. NOTE: STUART SCHOOL OF BUSINESS STUDENTS ARE NOT PERMITTED TO ENROLL IN THIS COURSE.

ECON 491,Independent Reading and Research

Independent investigation of problems within the area of the student's special interest, to be supervised by a faculty member. Prerequisites: Consent of instructor and Junior standing. (Credit: Variable)

Finance

FIN 350,Corporate Finance

A comprehensive study of corporate financial management. The main focus is in capital budgeting, risk and return, financing decision, dividend policy, and capital structure. The role of financial markets and the design of securities will also be covered. Prerequisites: ACCT 131 and Junior standing. (3-0-3) Offered in Fall and Summer.

FIN 452,Investments, Portfolio Theory and Portfolio Management

A comprehensive study of portfolio theory, asset classes and investment instruments, securities analysis and portfolio management techniques. The course will examine, not only the traditional securities markets for stocks and bonds, but also recently developed markets for managing portfolio exposures such as equity options, stock index futures and currency contracts. Prerequisite: FIN 350. (3-0-3) Offered in Fall.

FIN 453,Financial Markets and Institutions

A study of the financial markets, the financial system and the institutions that play important roles in the system such as banks, investment companies, insurance companies, exchanges (for stocks, futures and options) and broker/dealer networks (for stocks, bonds, currencies, swaps and other derivative instruments). The course will also address the applications of finance theory to the analysis of existing financial markets, financial services and institutions. Prerequisites: FIN 452. (3-0-3) Offered in Spring.

FIN 454,Options and Futures

An in-depth study of options and futures contracts. Topics will include: contract design, pricing, arbitrage conditions, trading strategies (such as delta-neutral option spreading and technical systems for trading futures), and the uses of options and futures for hedging price risks and for managing portfolio risks and corporate cash flows. Prerequisite: FIN 350. (3-0-3) Offered in Spring.

FIN 456,Seminar in Finance

An advanced course for financial management. Topics may include advance capital budgeting, financial decision making, security analysis, and mergers and acquisitions. Current development in Financial markets may also be covered. Prerequisites: FIN 453. (3-0-3) Offered in Spring.

FIN 475,International Trade and Finance

Principles underlying exchange of goods and services among nations. Impact of international trade on the domestic economy. Policies relating to tariffs and trade agreements. International financial relationships. International financial markets. Balance of payments adjustments, exchange rate determination and forward exchange markets. Portfolios and direct investment of multinational firms. Prerequisites: ECON 211 and ECON 212. (3-0-3) Offered in Spring.

FIN 491,Independent Reading and Research

Independent investigation of problems within the area of the student's special interest, to be supervised by a faculty member. Prerequisites: Consent of the instructor and Junior standing. (Credit: Variable)

Financial Markets and Trading

FMT 351 The Equity Markets

An overview of the markets for stocks and related instruments such as equity options, warrants, stock index baskets, stock index futures. The course will examine the markets for new issues, the secondary, third and fourth markets, as well as derivative markets; and it will focus on how trading in those markets operates and how the various markets are interrelated. Prerequisites: ACCT 131, ECON 211, MSC 221. (3-0-3)

FMT 352 The Markets For Interest Rate Instruments

An overview of the Treasury bill, note and bond markets, markets for short- end interest rate instruments such as bankers acceptances and federal funds, markets for corporate paper and government agency debt, etc. The course will also survey futures, forward and swap markets in interest rate instruments; and it will include discussion of the major foreign debt markets. Prerequisites: ACCT 131, ECON 211, MSC 221. (3- 0-3)

FMT 353 The Foreign Currency Markets

An overview of the markets for trading in foreign currencies, including spot and forward markets, swaps, futures and options. The course will include discussion of what determines relative currency prices and some discussion of the pricing of the various derivative instruments. It will include examination of corporate and institutional trading in and uses of these markets and instruments. Prerequisites: ACCT 131, ECON 211, MSC 221. (3-0-3)

FMT 354 The Commodity Markets

An overview of the spot, forward, futures and swap markets for various kinds of commodities, including metals, oil and other energy products, agricultural products such as grains and meats, and developing areas such as emission allowances. The course will examine the importance of these different markets in the economics of various industries in which they are used, examining topics such as the impact of hedging on pricing decisions and profit margins; and it will examine managed accounts as an investment vehicle. Prerequisites: ACCT 131, ECON 211, MSC 221. (3-0-3)

FMT 356 Investments, Portfolio Theory and Portfolio Management

FMT 357 International Trade and Finance

FMT 458 Financial Market Structure

A study of the financial system and the institutions that play important roles in the system such as banks, investment companies, insurance companies, exchanges (for stocks, futures and options) and broker/dealer networks (for stocks, bonds, currencies, swaps and other derivative instruments). The course will also examine the structure of domestic and international capital markets, markets for derivative products, and the interrelationships among interest rate, currency and equity instruments, between derivative and cash markets, and other market interrelationships. Prerequisites: FMT 351, 352, 353, 354, and FIN 350. (3-0-3)

FMT 459 Options and Futures

FMT 460 Managerial Accounting For Financial Institutions

A study of the accounting issues and theory surrounding financial instruments. The course will cover the issues addressed by FASB's Long-Term Financial Instruments Projects Definition of Financial Investments-FAS 105. Topics will include on-balance-sheet-financial instruments such as notes receivable, mortgages, bonds, certificates of deposit and notes payable and off-balance sheet instruments such as forwards, futures, swaps and options. It will cover the terms for instruments and accounting principles such as recognition and measurements alternatives, mark-to-market, trade date vs. settlement date as well as FAS 52 and FAS 80 treatments for off-balance-sheet instruments. Prerequisites: FMT 351, 352, 353, and 354. (3-0-3)

FMT 461 Legal, Regulatory and Ethical Issues In Financial Markets

In addition to more familiar ethical and legal topics such as fiduciary responsibilities, general suitability of investments and inside information, the course will also treat legal/regulatory topics such as questions of regulatory jurisdiction, ERISA responsibilities, market integrity and attorney-client relations for regulated entities as well as some subjects of current regulatory and legal debate such as front running, dual trading and pick-offs that may or may not deserve regulatory attention in the near future. Other topics include operational issues such as out-trades, what happens if a trade does not clear, what happens if securities are not delivered, etc. Prerequisites: FMT 351, 352, 353, 354 and 458. (3-0-3)

FMT 463 Investment and Trading Strategies

Investment strategies for stocks, bonds, and other traditional investment vehicles; assumptions underlying the various approaches; the trading tactics necessary to implement and manage those strategies; problems that might be expected. Hedging tactics and risk management. Short- term trading strategies for stocks, bonds, currencies, futures, options, and other derivative instruments, and the assumptions underlying each. Software available for some of these approaches. Will involve simulated trading as a critical part of the subject matter and the final grade. Prerequisites: FMT 351, 352, 353, 354, 458 and 459.(3-0-3)

Information Systems

IS 326,Information Systems

Applications of information systems to improve business strategy and performance. Functional capabilities of hardware and software. System development and successful implementation. Case studies and software exercises. Prerequisites: CS 103 or 105 and Junior standing. (3-0-3) Offered in Fall and Summer.

IS 439,Business Information Systems

The design of transaction processing systems for financial and logistical business applications. Both accounting and manufacturing software are used. Prerequisites: ACCT 131, and IS 326. (3-0-3) Offered in Spring.

IS 440,Systems Analysis, Design, and Implementation

Structured and object-oriented systems analysis methods are used to prepare user information requirements and hardware specifications. Computer-assisted software engineering (CASE) tools are used. Prerequisites: IS 326 and CS 325. (3-0-3) Offered in Fall.

IS 441,Business Data Communications

Data and voice communication systems design address both local and wide-area business applications. Prerequisite: IS 326. Co-requisite: IS 440. (3-0-3) Offered in Fall.

IS 445,Decision Support & Expert Systems,

The design and use of decision support, expert, and neural network systems to improve business opportunity identification, problem finding, and problem solving. Applications are developed using commercial software. Prerequisite: IS 326 (3-0-3) Offered in Spring.

IS 491,Independent Reading and Research

Management

MGT 201, Introduction to Business

This course has been replaced by MGT 421.

MGT 221,Business Law I

Legal implications of business transactions are studied. Specific topics include: the nature of law and its place in society, especially in relation to business; contracts and property law studied by the case method; formation and operation of contracts; their significance to the economic order. (3-0-3) Offered in Fall.

MGT 222,Business Law II

A continuation of MGT 221. Agency, partnership, corporations, and negotiable instruments (uniform commercial code) of law studied by the case method. The nature and operation of the judicial process, and its significance for society and business. Prerequisites: MGT 221 or consent of instructor. (3-0-3) Offered in Spring.

MGT 314,International Business

An introductory course that studies the nature and scope of international trade and investments, international institutions, the international monetary system and exchange markets, and some of the major issues involved in the functional aspects of international business. Prerequisite: Junior standing. (3-0-3) Offered in Spring and Summer.

MGT 351,Theory of Organization and Management

Introduction to the theory and practice of management; includes the basic managerial functions--planning, organizing, leading, and controlling. Communication, motivation, and decision-making techniques are stressed. Also covered are organization structure and design, the dynamics of individual and group interaction, organization climate, managerial styles, the implications of increasing work force diversity, coping with conflict, and methods for achieving organizational improvement. Issues in international business are dealt with at relevant points. Prerequisite: Junior standing. (3-0-3) (S) Offered in Fall, Spring and Summer.

MGT 421,Human Resources Management

Introduction to the theory and practice of human resources management; basic organization and management problems arising from the employee-employer relationship; wages, recruiting, and selection; health and safety; government regulations; discrimination; unions; and changing work force demographics. Also covered are organization and design of the human resources department, techniques in wage and salary administration, benefits, labor relations, records systems, job analysis, job descriptions, human resources planning, and career planning. Prerequisite: MGT 351 (3-0-3) Offered in Fall.

MGT 450,Management Policy

Integration and application of the knowledge and skills learned in the foundation, tools and concepts, and functional field components of the undergraduate management core. Management policy considerations in different settings: private sector, government agencies, non-profit organizations, multinational enterprises. Case studies, field projects, management simulations. Prerequisites: Approximately 40 credit hours in Management, Economics, and Management Sciences; senior standing or approval of instructor. (3-0-3) Offered in Fall and Spring.

Management Sciences

MSC 115,Computers in Business

Introduction to business and software of the PC. Typically will include word processing, spreadsheets, graphics, data communications and database software. (0-2-1) Offered in Fall.

MSC 221,Basic Probability and Statistics

Introduction to probability concepts, bayes methods and sample averages and standard deviation, normal Poisson and binomial distributions and applications, confidence intervals, hypothesis testing and contingency tests, regression methods and sample size determination. Calculus background not required. (3-0-3) Offered in Fall.

MSC 312,Introduction to Operations Management

This course has been changed to OM 312.

MSC 315,Management Science

Introduction to the use of mathematical models in the solution of industrial and business problems. Linear programming. Network analysis and simulation. Analysis of waiting lines. Prerequisite: MATH 142 or equivalent. (3-0-3) Offered in Spring.

Marketing

MKT 371,Marketing

Introduction to the activities and decisions faced by marketing managers in modern organizations. Topics include: consumer and organizational buying behavior, marketing research, market segmentation, new product development, product line decisions pricing channels, distribution, promotion, international marketing, and introduction to marketing strategic planning. Prerequisites: ECON 201 or 212 and Junior standing. (3-0-3) Offered in Fall and Summer.

MKT 471,Marketing Research

Study of the identification, collection, and analysis of information applied to marketing decision-making. Market research topics covered include: problem formulation, value of information, research designs, questionnaire development, sampling, and data analysis. Information systems topics include: decision criteria, information requirements, and model development, estimation, and application. Prerequisites: MSC 221 or equivalent, and MKT 371. (3-0-3) Offered in Spring.

MKT 472 Communications and Consumer Marketing

In-depth study of the economic and behavioral factors that influence the purchasing behavior of consumers; analysis of the advertising and promotional flow between producers, distributors and consumers. Consumer topics include: psychological foundations, social and cultural influences, demographics, information processing role in consumer decision-making. Communications topics include: communications theories, target market identification, setting objectives and budgeting, message generation, media decisions, creative themes, and sales and trade promotion. Prerequisite: MKT 371. (3-0-3) Offered in Spring.

MKT 478,Business Marketing

Analysis of the activities and decisions faced by marketing managers responsible for selling to organizations. Business marketing topics covered include: product/ market selection, segmenting organizational markets, industrial market research, developing demand forecasts, and cross-functional coordination required for effective marketing strategies. Personal selling topics covered include: prospect analysis, effective presentations and demonstrations, handling objections, sales closes, cross-selling, maintaining account satisfaction, and negotiation tactics. Prerequisites: MKT 371 and MKT 472. (3-0-3) Offered in Fall.

MKT 481 Product, Pricing and Distribution Management

Analysis of the design & development, testing, introduction, pricing and distribution of industrial and consumer products. Product management topics include: product life cycle concept, branding decisions, packaging, new product development and product policy issues. Pricing topics include: conceptual and practical pricing methods, behavioral and economic approaches to pricing. Distribution topics include: structure and function within channels, vertical marketing systems, retailing & wholesaling, physical distribution, power & conflict within channels, and legal issues. Prerequisite: MKT 371. (3-0-3) Offered in Fall.

MKT 482,Promotion/Advertising and Pricing

This course has been replaced by MKT 486, International Marketing.

MKT 483,Sales and Sales Management

Covers the practice of sales management, its functions and techniques. Provides a realistic understanding of what sales managers actually do, how they behave, and the problems with which they contend. Focus is on four types of selling: direct, commercial, technical, and consultative. The role of the purchasing specialist is analyzed. Case studies, role playing, projects are used. Prerequisite: MKT 371 (3-0-3) Offered in Spring.

MKT 486,International Marketing

Analysis of the implications of global market dynamics on the strategies of western firms. The increasing global interdependence of various markets will be discussed. Marketing implications of the changes taking place in Western Europe, the former Soviet Union, the people's Republic of China, the Pacific-Rim countries, etc. will be studied. Topics in international marketing include: the concept of globalization; cultural aspects of marketing in international marketplaces; international market entry strategies; global advertising and promotion; political and legal issues; product pricing and distribution decisions in an international environment. Prerequisites: ECON 201 or ECON 212, and MKT 371. (3-0-3) Offered in Spring.

MKT 491,Independent Reading and Research in Marketing

Individualized instruction for students who are advanced in marketing or who have a particular interest in a specific marketing problem. Prerequisites: Submission to the instructor of a concrete program of proposed study, MKT 471, and MKT 472. (Variable credit.)

MKT 497,Marketing Seminar

Lectures in marketing topics of current interest not covered by regular course offerings. Prerequisites: MKT 471 and MKT 472. (3-0-3)

Operations Management

OM 312,Introduction to Operations Management

Operational problems studied from a systems viewpoint. Development and application of policies, techniques, and models for making decisions in the areas of product and service design, design of operating systems, production and control of the product or service. Prerequisite: Junior standing. (3-0-3) Offered in Fall and Spring.

OM 423,Operations Systems Design

Analysis and design of product, process, and operations for high-quality and low-cost production. Production process planning and capacity planning. Facilities location and layout planning. Prerequisite: OM 312. (3-0-3) Offered in Spring.

OM424, Operations Planning, Scheduling, and Control

This course has been replaced by OM425.

OM425 Simulation of Operation Systems

Computer simulation is a powerful tool for evaluating operations systems. Various software packages and cases are used. Examinations are made of the considerations in the design and statistical analysis of computer simulations. Prerequisites: OM 312 and MSC 315. (3-0-3) Offered in Spring.

OM 433,Quality Management

This course examines the role of quality in organizational effectiveness. Discussion of tools and concepts of continuous improvement in process, products, services, and internal functions of a business enterprise to continuously improve customer satisfaction. Review of the Baldrige Award criteria and ISO 9000. Prerequisites: OM312 and MSC 221 or equivalent. (3-0-3) Offered in Spring.

OM 442,Materials Management

The planning and management of the materials functions in manufacturing, purchasing, and distribution. Topics include productions planning, master production scheduling, material requirements planning, distribution requirements planning, inventory control, operation scheduling, capacity planning, and implementation. Prerequisites: OM 312 and MSC 315. (3-0-3) Offered in Fall.

OM 491,Independent Reading and Research

Last Updated October 31, 1994

Comments, suggestions, complaints can be addressed to: Falke Bruinsma.