Corporate Accounting and Finance Archive 2019-2020
Corporate Accounting and Finance Major Requirements Archive 2019-2020
Degree Requirements - 124 credits
Students can earn a bachelor of science in business administration with this major. See the requirements for the bachelor of science in business administration degree.
Required Courses (7 courses, 21 credits)
ACCT-321 Intermediate Accounting I
ACCT-201 and ACCT-202 and Junior standing
3.00
Reviews basic financial accounting concepts and examines selected balance sheet and income statement items. The focus of this communication intensive course is on the valuation and reporting of current and non-current assets and liabilities and the income determination aspects of these items.
ACCT-322 Intermediate Accounting II
ACCT-321 with a minimum grade of C
3.00
Continues to examine selected balance sheet and income statement items. The focus of this communication intensive course is on the valuation and reporting of investments and stockholders' equity and the income determination aspects of these items. Also considers special topics such as pensions, leases, deferred taxes, and cash flows.
ACCT-331 Cost Accounting
ACCT 202
3.00
Explores concepts and procedures underlying the development of a cost accounting system for managerial decisions, control, and performance reporting. Introduces the basic ideas of responsibility accounting.
ACCT-440 Corporate Accounting and Financial Management
ACCT-322 and FIN-311. Senior Standing.
3.00
In this capstone course, students will learn, in greater depth, how to use financial and cost accounting information, and financial theories and principles, to evaluate firm performance, develop long-term plans, and reach optimal financial decisions. Core elements include enhancing critical thinking skills, enhancing written and oral communication skills, and providing students practice in forming and expressing opinions and anticipating and managing ethical conflicts. Students will be given the opportunity to apply their knowledge and skills to real business situations and to understand the analytical frameworks that can be consistently directed to evaluate corporate decisions.
FIN-311 Intermediate Finance
FIN-200
3
Intermediate Finance expands on basic financial concepts and introduces more advanced topics. Material emphasizes solutions to problems of capital structure, investment and financing. Other major topics include distribution policy, working capital management, derivative corporate securities, and corporate restructuring.
FIN-415 Capital Budgeting
FIN 311 or permission of instructor, Junior standing
3
This course develops the practical techniques and decision rules in the evaluation and selection of long-term investment projects. Teaching is oriented towards discussion of readings and case studies. Readings should provide students with understanding of capital budgeting techniques, and case studies should allow them to apply the techniques to real-world problems with the help of the computer.
FIN-417 Multinational Financial Management
FIN 200 and Junior standing
3
This course covers the financing, investment and working capital management process of multinational corporations, considering such variables as exchange risk, political risk, accounting regulations and tax laws.
Required Experiential Component
ACCT-560 Accounting Practicum
Course Coordinator consent required
0.00
All accounting majors are required to complete 160 hours of pre-professional or professional accounting or tax experience prior to graduating. The hours may be obtained through one or more accounting or tax (a) internships, (b) part- or full-time employment, or (c) cooperative education positions. Hours may also be obtained through participation in Suffolk's Free Tax Preparation Clinic (SBS 555,SBS 556, and SBS 557 - each year will earn students 55 hours). Approval of the 160 hours work experience must be obtained in advance of beginning the work by completing a Practicum Approval Form and emailing it to [email protected]. Students are registered for the Accounting Practicum upon completion of the 160 hours and approval by the Accounting Department. Students should journal their work tasks and accomplishments. This experiential component carries no academic credit, does not require any tuition, and will be graded pass/fail.
FIN-560 Finance Practicum
Must obtain approval from FIN dept
0
Required of all Finance majors. Majors will have an approved 160 hours of finance experience. Experience may be acquired through internship, part- or full-time employment or cooperative education. Zero Credit
Elective Course (1 course, 3 credits)
ACCT-310 International Business Accounting
FIN-200 and ACCT-321
3.00
Explores economic, political and cultural variables that shape accounting and disclosure in various countries. Students gain an understanding of international financial reporting standards and the forces for convergence between IFRS and US GAAP. Presents financial analysis in a multi-financial context.
ACCT-320 Federal Taxation
ACCT 202
3.00
Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation, including the individual tax formula, income, deductions, and credits, and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.
ACCT-414 Entity Taxation
ACCT-320
3.00
This course will develop the student's understanding of tax law for business entities including corporation and pass-through structures. In this course we will explore the unique features of both types of entities, their tax implications, impacts on business decision-making, and other attributes through the use of problems and cases.
ACCT-415 Not-For-Profit Accounting and Control
ACCT 331
3.00
Studies accounting principles, unique financial reporting (such as fund accounting), and budgetary control in government agencies and charitable, healthcare, educational, and other not-for-profit organizations.
ACCT-430 Accounting Information Systems
ACCT 322 and ISOM-210
3.00
Introduces the design, operation, and use of accounting information systems. Examines the functional relationships of the AIS within an organization. Provides a background in automated data processing, along with the important human and organizational considerations in system design and implementation.
ACCT-431 Auditing and Assurance Services
ACCT 321 AND ACCT 331
3.00
Provides an introduction to the field of auditing, with a concentration in auditing historical financial statements in accordance with generally accepted auditing standards, and some exposure to auditing the internal control over financial reporting of large public companies. Covers the environment, standards, regulation, and law of auditing in the US, with some exposure to the international environment. Covers audit planning, risk, and material assessments, audit evidence, evaluation of internal control, documentation, and audit reports.
FIN-315 Principles of Investments
FIN 200 and Junior standing
3
This course covers the investment of funds by individuals and institutions. Focuses on analysis of investments and security markets, and the mechanics of trading and investing. A variety of investment vehicles are discussed, including stocks, bonds, futures, and options.
FIN-319 Money and Capital Markets
EC 101; EC 102; Junior standing
3
This course covers characteristics, structure and function of money and capital markets with a focus on the recent events relating to financial markets and their impact on the corporate financing behavior and the interrelationship among the various financial markets. Also, each type of financial institution and its internationalization are discussed.
FIN-411 Futures and Options
FIN 315; Junior standing;
3
This course is an in-depth analysis of derivatives: futures, options, and swaps. The course explains why these securities exist, where and how they are traded, how to employ them in managing risk, and how to accurately price them. It also covers the use of these derivatives in the context hedging or speculation.
FIN-413 Investment Analysis and Portfolio Management
FIN 315, Junior standing
3
This course is an advanced course in investment analysis stressing efficient frontier and diversification. Also studies portfolio construction and management, and the tradeoff of risk versus return.
FIN-419 Problems of Managerial Finance
FIN 311; Two FIN major required or elective courses; Senior standing
3
This course is an in-depth study of current finance theory and methodology applicable to the firm through case analyses, computer work and recent publications. It is a capstone course where students learn how to integrate financial theories and principles to reach optimal financial decisions in practice.
FIN-432 Risk Management and Financial Institutions
FIN-200
3
The course introduces students to the management of international financial-services firms and methods through which financial institutions manage risk. The course focuses on concepts and basic tools for identifying, measuring, and managing risks, such as interest rate risk, credit risk, liquidity risk, market risk and operational risk. The course also introduces key regulations and important ethical issues in the financial-services industry.
Learning Goals & Objectives
Learning goals and objectives reflect the educational outcomes achieved by students through the completion of this program. These transferable skills prepare Suffolk students for success in the workplace, in graduate school, and in their local and global communities.
Learning Goals |
Learning Objectives |
---|---|
Upon completion of this program, graduates will understand or know the following: | Upon completion of this program, graduates will be able to do the following: |
How to interpret financial and non-financial data for performance management. |
|
How to understand the functional areas of accounting and finance. |
|
How to effectively apply analytical and critical reasoning skills to solve financial business problems and make well-informed decisions, taking into account global and ethical considerations. |
|
How to communicate professionally. |
|
How to effectively use technology with a systems focus. |
|
Corporate Accounting and Finance Undergraduate Courses Archive 2019-2020
ACCT-310 International Business Accounting
FIN-200 and ACCT-321
3.00
Explores economic, political and cultural variables that shape accounting and disclosure in various countries. Students gain an understanding of international financial reporting standards and the forces for convergence between IFRS and US GAAP. Presents financial analysis in a multi-financial context.
ACCT-320 Federal Taxation
ACCT 202
3.00
Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation, including the individual tax formula, income, deductions, and credits, and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.
ACCT-321 Intermediate Accounting I
ACCT-201 and ACCT-202 and Junior standing
3.00
Reviews basic financial accounting concepts and examines selected balance sheet and income statement items. The focus of this communication intensive course is on the valuation and reporting of current and non-current assets and liabilities and the income determination aspects of these items.
ACCT-322 Intermediate Accounting II
ACCT-321 with a minimum grade of C
3.00
Continues to examine selected balance sheet and income statement items. The focus of this communication intensive course is on the valuation and reporting of investments and stockholders' equity and the income determination aspects of these items. Also considers special topics such as pensions, leases, deferred taxes, and cash flows.
ACCT-331 Cost Accounting
ACCT 202
3.00
Explores concepts and procedures underlying the development of a cost accounting system for managerial decisions, control, and performance reporting. Introduces the basic ideas of responsibility accounting.
ACCT-414 Entity Taxation
ACCT-320
3.00
This course will develop the student's understanding of tax law for business entities including corporation and pass-through structures. In this course we will explore the unique features of both types of entities, their tax implications, impacts on business decision-making, and other attributes through the use of problems and cases.
ACCT-415 Not-For-Profit Accounting and Control
ACCT 331
3.00
Studies accounting principles, unique financial reporting (such as fund accounting), and budgetary control in government agencies and charitable, healthcare, educational, and other not-for-profit organizations.
ACCT-430 Accounting Information Systems
ACCT 322 and ISOM-210
3.00
Introduces the design, operation, and use of accounting information systems. Examines the functional relationships of the AIS within an organization. Provides a background in automated data processing, along with the important human and organizational considerations in system design and implementation.
ACCT-431 Auditing and Assurance Services
ACCT 321 AND ACCT 331
3.00
Provides an introduction to the field of auditing, with a concentration in auditing historical financial statements in accordance with generally accepted auditing standards, and some exposure to auditing the internal control over financial reporting of large public companies. Covers the environment, standards, regulation, and law of auditing in the US, with some exposure to the international environment. Covers audit planning, risk, and material assessments, audit evidence, evaluation of internal control, documentation, and audit reports.
ACCT-440 Corporate Accounting and Financial Management
ACCT-322 and FIN-311. Senior Standing.
3.00
In this capstone course, students will learn, in greater depth, how to use financial and cost accounting information, and financial theories and principles, to evaluate firm performance, develop long-term plans, and reach optimal financial decisions. Core elements include enhancing critical thinking skills, enhancing written and oral communication skills, and providing students practice in forming and expressing opinions and anticipating and managing ethical conflicts. Students will be given the opportunity to apply their knowledge and skills to real business situations and to understand the analytical frameworks that can be consistently directed to evaluate corporate decisions.
ACCT-560 Accounting Practicum
Course Coordinator consent required
0.00
All accounting majors are required to complete 160 hours of pre-professional or professional accounting or tax experience prior to graduating. The hours may be obtained through one or more accounting or tax (a) internships, (b) part- or full-time employment, or (c) cooperative education positions. Hours may also be obtained through participation in Suffolk's Free Tax Preparation Clinic (SBS 555,SBS 556, and SBS 557 - each year will earn students 55 hours). Approval of the 160 hours work experience must be obtained in advance of beginning the work by completing a Practicum Approval Form and emailing it to [email protected]. Students are registered for the Accounting Practicum upon completion of the 160 hours and approval by the Accounting Department. Students should journal their work tasks and accomplishments. This experiential component carries no academic credit, does not require any tuition, and will be graded pass/fail.
FIN-311 Intermediate Finance
FIN-200
3
Intermediate Finance expands on basic financial concepts and introduces more advanced topics. Material emphasizes solutions to problems of capital structure, investment and financing. Other major topics include distribution policy, working capital management, derivative corporate securities, and corporate restructuring.
FIN-315 Principles of Investments
FIN 200 and Junior standing
3
This course covers the investment of funds by individuals and institutions. Focuses on analysis of investments and security markets, and the mechanics of trading and investing. A variety of investment vehicles are discussed, including stocks, bonds, futures, and options.
FIN-319 Money and Capital Markets
EC 101; EC 102; Junior standing
3
This course covers characteristics, structure and function of money and capital markets with a focus on the recent events relating to financial markets and their impact on the corporate financing behavior and the interrelationship among the various financial markets. Also, each type of financial institution and its internationalization are discussed.
FIN-411 Futures and Options
FIN 315; Junior standing;
3
This course is an in-depth analysis of derivatives: futures, options, and swaps. The course explains why these securities exist, where and how they are traded, how to employ them in managing risk, and how to accurately price them. It also covers the use of these derivatives in the context hedging or speculation.
FIN-413 Investment Analysis and Portfolio Management
FIN 315, Junior standing
3
This course is an advanced course in investment analysis stressing efficient frontier and diversification. Also studies portfolio construction and management, and the tradeoff of risk versus return.
FIN-415 Capital Budgeting
FIN 311 or permission of instructor, Junior standing
3
This course develops the practical techniques and decision rules in the evaluation and selection of long-term investment projects. Teaching is oriented towards discussion of readings and case studies. Readings should provide students with understanding of capital budgeting techniques, and case studies should allow them to apply the techniques to real-world problems with the help of the computer.
FIN-417 Multinational Financial Management
FIN 200 and Junior standing
3
This course covers the financing, investment and working capital management process of multinational corporations, considering such variables as exchange risk, political risk, accounting regulations and tax laws.
FIN-419 Problems of Managerial Finance
FIN 311; Two FIN major required or elective courses; Senior standing
3
This course is an in-depth study of current finance theory and methodology applicable to the firm through case analyses, computer work and recent publications. It is a capstone course where students learn how to integrate financial theories and principles to reach optimal financial decisions in practice.
FIN-432 Risk Management and Financial Institutions
FIN-200
3
The course introduces students to the management of international financial-services firms and methods through which financial institutions manage risk. The course focuses on concepts and basic tools for identifying, measuring, and managing risks, such as interest rate risk, credit risk, liquidity risk, market risk and operational risk. The course also introduces key regulations and important ethical issues in the financial-services industry.
FIN-560 Finance Practicum
Must obtain approval from FIN dept
0
Required of all Finance majors. Majors will have an approved 160 hours of finance experience. Experience may be acquired through internship, part- or full-time employment or cooperative education. Zero Credit