ACCT201: Fundamentals of Financial Accounting

This is an introductory course in financial accounting from a user's perspective. The theoretical foundation and basic accounting terminology are addressed. The basic financial statements consisting of the balance sheet, income statement, statement of stockholder's equity and the statement of cash flows are presented and discussed. Financial statement analysis including ratios analysis will help students to make sound decisions as investors, creditors, and managers. 3 sh.

ACCT202: Fundamentals of Managerial Accounting

This course introduces basic concepts of management accounting including cost classifications, product costing, cost-volume profit analysis, variable costing, operating budgeting, standards and performance evaluation, balance score card and non-routine decisions. The course will illustrate the use of accounting information by managers for internal decision-making purposes. 3 sh.

Prerequisites: ACCT 201.

ACCT301: Intermediate Accounting I

This course builds on material presented in Fundamentals of Financial Accounting. Students acquire an improved understanding of the composition and significance of various segments of income statements and balance sheet, particularly related to current assets and various income statement revenue and expense items leading to an improved understanding of the preparation of various aspects of the financial statements as well as an enhancement of their ability to critically evaluate financial statements. 3 sh.

Prerequisites: ACCT 202; Business Administration majors only.

ACCT302: Intermediate Accounting II

Continuation of Intermediate Accounting I. Students acquire an improved understanding of the composition and significance of various segments of the income statement and the balance sheet, particularly non-current assets, liabilities and owners' equity leading to an improved understanding of the preparation of various aspects of the financial statements as well as an enhancement of their ability to critically evaluate accounting. 3 sh.

Prerequisites: ACCT 301, Business Administration majors only.

ACCT304: Contemporary Issues in Intermediate Accounting

This course provides an in-depth discussion and analysis of traditional intermediate financial accounting topics as well as recent developments in accounting valuation and reporting practices. The course builds on topics discussed in Intermediate Accounting I and II leading to an improved understanding of the preparation of various aspects of the financial statements as well as enhancement of their ability to critically evaluate financial reporting. Meets the University Writing Requirement for BAAC majors. This course is a prerequisite or corequisite for ACCT 401. 3 sh.

Prerequisites: ACCT 302, School of Business majors only. With departmental approval, ACCT 302 may be taken concurrently.

ACCT305: Taxation for Individuals

The purpose of this course is to introduce students to a broad range of tax concepts and types of taxpayers to emphasize the role of taxation in the business decision-making process. Coverage includes on a broad basis the taxation of individuals and a brief introduction to corporate taxation. 3 sh.

Prerequisites: ACCT 202, Business Administration majors only.

ACCT306: Internal Auditing

This course reviews the internal auditing process. Emphasis is placed on the operational auditing as part of the internal auditing function, while interrelating the financial dimension into the total auditing process. 3 sh.

Prerequisites: ACCT 301 and 307, Business Administration majors only.

ACCT307: Cost Accounting

This course examines the development of theory, concepts and practices of providing information for use within the organization. Topics discussed include cost concepts, behavior and estimation, various product costing methods, cost allocation, linear programming, inventory costing and management, quality and time as competitive weapons as well as transfer pricing. 3 sh.

Prerequisites: ACCT 202, Business Administration majors only.

ACCT309: Accounting Information Systems

Accounting information system development will be studied with emphasis on systems analysis and design, form design, internal controls and proper documentation. The course will expand on several typical AIS application systems including the revenue cycle, the procurement cycle and others. May be repeated once for a total of six credits. 3 sh.

Prerequisites: ACCT 301 and INFO 173, Business Administration majors only.

ACCT310: Taxation of Business Entities and Advanced Tax Concepts

The purpose of this course is to follow the ACCT 305 tax course, Taxation for Individuals. This course will introduce students to a broad range of tax concepts dealing with the taxation of corporations, partnerships, and S corporations and will emphasize the role of taxation in the business decision-making process. Coverage includes on a broad basis the taxation of corporations and their shareholders, the tax treatment of pass through entities such as partnerships and S corporations and their owners, tax consequences influencing the choice of business entity, income taxation of estates and trusts, and estate and gift taxation. 3 sh.

Prerequisites: ACCT 305.

ACCT400: Auditing Theory and Practice

The focus of this course is on various types of audits performed by an accountant in public practice. Specifically the requirements for audits, compilations, reviews and other types of engagements are addressed. The role of the auditor and related professional responsibilities are discussed. The content of this course is structured for individuals who wish to enter the public accounting profession. May be repeated once for a total of six credits. 3 sh.

Prerequisites: ACCT 302, Business Administration majors only.

ACCT401: Advanced Accounting

Advanced Accounting is an upper level course in the undergraduate accounting curriculum. It is an in-depth study of accounting problems for affiliated business enterprises and multinational corporations. It deals with business combinations of two or more business entities. It involves combination and consolidation of financial statements for multi-affiliated corporations. It concerns intercompany transactions between parent and subsidiary companies. The aim is to measure the operating results and financial position for these complex operations. The course further investigates the accounting problems associated with foreign transactions, translation of foreign currencies and hedging activities of an international business enterprise. A high level of knowledge and sophistication in accounting techniques is required for understanding the course material. Relevant pronouncements of the authoritative accounting profession are greatly emphasized. 3 sh.

Prerequisites: ACCT 304, School of Business majors only. With departmental approval, ACCT 304 may be taken concurrently.

ACCT402: Accounting for Government and Not-for-Profit Entities

This is an upper-level accounting course dealing with Government and Not-for-Profit Accounting Systems. It focuses on the principles in the measurement of assets, liabilities, fund balance, revenue and expenditure for a governmental unit or not-for-profit entity. May be repeated once for a maximum of six credits. 3 sh.

Prerequisites: ACCT 302, Business Administration majors only.

BSLW264: Legal, Ethical and Global Environment of Business

This course focuses on the interrelationship of social policies, the legal system, and global business practices in society, with emphasis on the rapidly changing business-legal environment. The relationships among governmental, ethical, social, and business issues will also be examined. 3 sh.

BSLW265: Business Contract Law

This course focuses on the law of contracts, E-contracts, domestic and international sales and lease contracts, negotiable instruments, creditors' rights, bankruptcy and business organizations. This course expands on principles presented in BSLW 264. 3 sh.

Prerequisites: BSLW 264.

ECON101: Principles of Economics: Macro

A study of the American economy, analytically and institutionally; the achievement of an optimal allocation of resources, price stability, full employment level of national income and long term growth. Meets Gen Ed 2002 - Social Science, Social Science. Meets the 1983 General Education Requirement (GER) - Social Science, Survey Course. 3 sh.

ECON102: Principles of Economics: Micro

Organization and operation of the American economy for the production and distribution of goods and services. Pricing of products and factors of production in market situations varying from competition to monopoly. Resource allocation, price determination and behavior of the firm in the determination of quantity of output and the hiring of factors of production. Meets Gen Ed 2002 - Social Science, Social Science. Meets the 1983 General Education Requirement (GER) - Social Science, Survey Course. 3 sh.

FINC321: Fundamentals of Finance

Financial statements and financial forecasting. Introduction to risk, return, and value. Introduction to working capital management, capital budgeting, optimum capital structure, and dividend policy. 3 sh.

Prerequisites: INFO 270 or INFO 271; and ECON 101; and ACCT 201; and major within the School of Business.

FINC322: Capital Budgeting Management

Analysis of various investment criteria, especially net present value and internal rate of return. Risk in capital budgeting, capital budgets and performance evaluation, stressing the distinction between accounting and financial criteria. Application of concepts and techniques to such issues as leasing, mergers and acquisitions. 3 sh.

Prerequisites: FINC 321; major within the School of Business.

FINC425: Working Capital Management

Detailed treatment of topics such as components of working capital; cash budgeting; short-term financial planning. Credit management; cash and inventory management; short-term lending and borrowing. 3 sh.

Prerequisites: FINC 321; major within the School of Business.

INBS346: Introduction to International Business

The course provides an introduction to the theory and practice of international business. It acquaints students with the fundamental principles of international business including such topics as globalization, international trade theories, the impact of culture, cross-national cooperation agreements, foreign exchange and capital markets, the strategy of international business, country evaluation and selection, modes of foreign market entry, the organization of international business, and management of international operations. Short case studies and/or research projects will be used to illustrate application of international business concepts and principles. Offered as INBS 346 through Winter 2011. To become INBS 246 effective Spring 2011. 3 sh.

Prerequisites: ECON 101 and 102; or ECON 302 (Business Minors).

INFO173: Introduction to Computers in Business

This course provides an introduction to the use of computers within a broad global business environment through an introduction to the skills, concepts, and capabilities necessary to effectively use information technology in organizations. Strong emphasis of the course is on building competencies in industry-approved software programs, such as Microsoft Windows, Microsoft Office Professional Suite, including Word, PowerPoint, Excel and Access. 3 sh.

INFO270: Statistics for Business

This course is a comprehensive introduction to the application of modern statistical methods. Topics covered include: descriptive statistical methods of data analysis; an introduction to probability theory; an introduction to discrete and continuous probability distributions and mathematical expectation; classical statistical inference - sampling distributions, confidence interval estimation, and hypothesis testing for means and proportions; regression and correlation; and an introduction to time series analysis. Spreadsheet software is integrated in all topics. Cross listed with Mathematical Sciences, MATH 270. 3 sh.

Prerequisites: MATH 114. May not be taken for graduation credit by College of Science and Mathematics majors.

INFO290: Management Information Systems

This course is an inquiry into business information systems and information technology management in digital firms. Analysis of information from the management point of view with respect to information needs in organizations, strategic roles of information systems, information technology infrastructure, information systems supporting organizations and management, and business value of information systems will be covered. This course is skill building in the definition and analysis of systems problems and the provision of solutions to them. The computer as a tool for supporting business functions, management, decision-making and policy-setting is emphasized. 3 sh.

Prerequisites: INFO 173 or passing SBUS Computer Proficiency Exam or CSIT 110.

INFO375: Operations Analysis

An introduction to managerial concepts and quantitative tools required in the design, operation, and control of business systems. This course incorporates mathematical and statistical methods in the analysis of specific business systems and industrial production activities, inventory control, production planning and scheduling, and capital management. Computers are used to solve problems involving complex systems. 3 sh.

Prerequisites: INFO 270 or INFO 271; Business Administration majors.

MATH114: Mathematics for Business II: Calculus

The general aim of this course is to introduce the students to the basic skills of differentiation, integration, maxima-minima problems and several of the other applications of calculus, including modeling, especially models in business and economics. 3 sh.

Prerequisites: MATH 100 or placement through the Montclair State University Placement Test (MSUPT) or a satisfactory score on department's Business Calculus Readiness Test. (Students who did not satisfy the course prerequisite at MSU and students who received a grade of D-, D, or D+ in the prerequisite course taken at MSU are required to demonstrate competency on the department's Business Calculus Readiness Test.)

MATH270: Statistics for Business

This course is a comprehensive introduction to the application of modern statistical methods. Topics covered include descriptive statistical methods of data analysis; an introduction to probability theory; an introduction to discrete and continuous probablitlity distributions and mathematical expectation; classical statistical inference - sampling distributions, confidence interval estimation, and hypothesis testing for means and proportions; regression and correlation; and an introduction to time series analysis. Spreadsheet software is integrated in all topics. Cross listed with Information and Decision Sciences, INFO 270. 3 sh.

Prerequisites: MATH 114. May not be taken for graduation credit by College of Science and Mathematics majors.

MGMT231: Management Processes

To provide undergraduate students a review of classical and modern approaches to the managerial process as it relates to the manager's functions of planning, organizing, communication, motivation, leading, controlling, and managing change. Emphasizing new forces in the managerial environment such as workplace diversity and economic globalization, these reviews will be tied to the open-system model and the contingency approach as overall frameworks for understanding organizations and management. 3 sh.

Prerequisites: SPCM 101 or ENWR 105 or HONP 100.

MGMT439: Strategic Management

This is the capstone course in the business curriculum which requires students to integrate and build on the knowledge and skills acquired in the business core courses. The course emphasizes the use of business skills in the formulation and implementation of strategy through processes such as industry analysis, value chain analysis, SWOT analysis, and analysis of strategic success including financial performance. To accomplish this, a semester-long computer simulation is used in all classes. 3 sh.

Prerequisites: ACCT 202, FINC 321, MGMT 231, MKTG 240 ; INBS 346; senior standing; School of Business majors only.

MKTG240: Introduction to Marketing

This introductory course is designed to expose the student to the basic areas that comprise marketing as a discipline. Marketing is viewed as a process that must be integrated with all other business functions. The basic theories, concepts, language and tools of marketing are introduced, and illustrations of their applicability to the business as well as non-profit sectors of the national economy with increasing stress on the global realities which affect the marketing function are addressed. 3 sh.

Prerequisites: ENWR 105 or HONP 100.