ACCT201: Fundamentals of Financial Accounting (3 hours lecture)

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.

Prerequisites: ENWR 105 or HONP 100.

ACCT202: Fundamentals of Managerial Accounting (3 hours lecture)

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 (3 hours lecture)

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; Accounting Concentration students only except by permit from the Department Chair. Starting Spring 2013: ACCT 201; Accounting major students only except by permit from the Department Chair.

ACCT302: Intermediate Accounting II (3 hours lecture)

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. Starting Spring 2013: 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, owners' equity, and earnings per share 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 and its impact to the international community. 3 sh.

Prerequisites: ACCT 301; Accounting Concentration students only except by permit from the Department Chair. Starting Spring 2013: ACCT 301; Accounting major students only except by permit from the Department Chair.

ACCT304: Contemporary Issues in Intermediate Accounting (3 hours lecture)

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 majors in Business Administration with a Concentration in Accounting. This course is a prerequisite or corequisite for ACCT 401. Starting Spring 2013: In-depth discussion and analysis of traditional intermediate financial accounting topics as well as recent developments in accounting valuation and reporting practices. 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. This course is designated as the writing requirements course for the department. 3 sh.

Prerequisites: ACCT 302 (may be taken concurrently); Accounting Concentration students only except by permit from the Department Chair. Starting Spring 2013: ACCT 301 and ACCT 302 (may be taken as prerequisite or corequisite with the Department Chair's approval). Accounting major students only except by permit from the Department Chair.

ACCT305: Taxation for Individuals (3 hours lecture)

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; Accounting Concentration students only except by permit from the Department Chair. Starting Spring 2013: ACCT 201; Accounting major students only except by permit from the Department Chair.

ACCT307: Cost Accounting (3 hours lecture)

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. Starting Spring 2013: This course examines the development of theory, concepts and techniques for providing, using and reporting cost information within the organization. Topics discussed include process costing, activity-based costing and management, cost allocation, inventory management and capacity analysis, Theory of Constraints management and control of quality costs, transfer pricing, profitability analysis, tactical decision making and corporate social responsibility. 3 sh.

Prerequisites: ACCT 202; Accounting Concentration students only except by permit from Department Chair. Starting Spring 2013: ACCT 202; Accounting major students only except by permit from the Department Chair.

ACCT309: Accounting Information Systems (3 hours lecture, 1 hour lab)

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. Starting Spring 2013: 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. 3 sh.

Prerequisites: ACCT 301 and INFO 173; Accounting Concentration students only except by permit from Department Chair. Starting Spring 2013: INFO 173 and ACCT 201; Accounting major students only except by permit from the Department Chair.

ACCT310: Taxation of Business Entities and Advanced Tax Concepts (3 hours lecture)

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; Accounting Concentration students only except by permit from Department Chair. Starting Spring 2013: ACCT 305; Accounting major students only except by permit from the Department Chair.

ACCT312: Principles of Corporate Controllership (3 hours lecture)

Connects the Controller's responsibilities as operating officer and management accountant with the management of the firm's working capital. Topics covered in detail include working capital components; managing cash, receivables, payables and inventory; cash budgeting; short-term financial planning; managing bank relations and cash transactions; basic risk management of credit and foreign currency. 3 sh.

Prerequisites: ACCT 202, ACCT 302, FINC 321. Accounting major students only except by permit from Department Chair.

ACCT400: Auditing Theory and Practice (3 hours lecture)

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. Starting Spring 2013: The course is the first of two courses that focus on various types of audits performed by accountants in public practice. Specifically the requirements for audits, compilations, reviews and other type 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. 3 sh.

Prerequisites: ACCT 302; Accounting Concentration students only except by permit from Department Chair. Starting Spring 2013: ACCT 302 and ACCT 309; Accounting major students only except by permit from the Department Chair.

ACCT401: Advanced Accounting (3 hours lecture)

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 302, ACCT 304 (may be taken concurrently); Accounting Concentration students only except by permit from Department Chair. Starting Spring 2013: ACCT 304 (with departmental approval, ACCT 304 may be taken concurrently); Accounting major students only except by permit from the Department Chair.

ACCT403: Advanced Auditing (3 hours lecture)

This course is a continuation of ACCT 400, Auditing Theory and Practice. Auditing sampling and internal controls in a computerized environment will be discussed. The course will then focus on the application of auditing techniques to transaction cycles such as revenues, warehousing, property, plant and equipment, etc. using a generalized auditing software package and a comprehensive case. Techniques to complete the audit and the other assurance services such as internal, operational and compliance auditing will be the other topics covered in this course. 3 sh.

Prerequisites: ACCT 400. Accounting major students only except by permit from Department Chair.

ACCT404: Senior Seminar in Accounting (3 hours lecture)

This course is a comprehensive course in accounting integrating concepts from different functional areas such as Financial & Managerial Accounting, International Accounting, Taxes, Auditing and Accounting Information Systems. The course will require students to apply their analytical skills to research and recommend solutions to unstructured and open-ended problems closely based on current issues facing businesses. This course will utilize cases from various sources, involve oral and/or written presentations, and will emphasize the importance of working as an effective team member. 3 sh.

Prerequisites: ACCT 400, ACCT 401. Accounting majors only except by permit from Department Chair.

BSLW266: The Impact of Law on the Business Environment (3 hours lecture)

The course focuses on the law of contracts, E-contracts, domestic and international sales and lease contracts, negotiable instruments, creditors' rights, bankruptcy and business organizations. It also includes the legal system, and global business practices in society, with emphasis on the rapidly changing business-legal environment. The relationship among governmental, ethical, social and business issues will also be examined. 3 sh.

Prerequisites: ENWR 105 or HONP 100. Accounting majors only except by departmental approval.

ECON101: Principles of Economics: Macro (3 hours lecture)

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. 3 sh.

ECON102: Principles of Economics: Micro (3 hours lecture)

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. 3 sh.

FINC321: Fundamentals of Finance (3 hours lecture)

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 (3 hours lecture)

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.

FINC326: Investment Principles and Portfolio Theory (3 hours lecture)

A review of risk analysis and methods of valuing, fixed-income and equity instruments, the efficient frontier, portfolio theory, the capital asset pricing model and an introduction to option and futures market. 3 sh.

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

FINC327: International Financial Management (3 hours lecture)

Introduction to multinational business finance. Foreign exchange markets and exchange rate forecasting. Balance of payment accounts, measures of surplus or deficit and their relevance to financial planning. International financial markets and international banking. Import and export financing. Positioning of funds. 3 sh.

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

INFO173: Introduction to Computers in Business (3 hours lecture)

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 (3 hours lecture)

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.

INFO375: Operations Analysis (3 hours lecture)

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 (3 hours lecture)

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. Computer assisted including lecture, individual and small group tutoring in Mathematics Computer Laboratory. 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.)

MGMT231: Management Processes (3 hours lecture)

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: ENWR 105 or HONP 100.

MKTG240: Introduction to Marketing (3 hours lecture)

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.