Business Administration, Accounting Concentration (M.B.A.) - Graduate - 2010 University Catalog

You are viewing the 2010 University Catalog. Please see the newest version of the University Catalog for the most current version of this program's requirements.

The goal of the MBA Program is to combine conceptual approaches to business with practical application in order to give students needed skills to prepare them for today's global economy. Montclair State graduates are well-rounded, self-motivated and employed in many of the best companies in the region. Equipped with an education built upon standards of excellence, alumni enjoy tremendous opportunities for a rich and rewarding career.

The curriculum stresses the conceptual foundations of business disciplines and current managerial practices. This blend of theory and practice builds a strong foundation for immediate practical application as well as post-graduate professional growth.

The Montclair MBA provides individuals the opportunity to design unique programs to meet their specific needs and interests. Students may choose to concentrate in one of seven areas or they may select from an array of courses that provide a broad education. Full-time faculty with doctoral teach 95 percent of MBA classes. The remaining classes are taught by persons with outstanding professional credentials.

The School of Business Administration invites applications from persons with baccalaureate or post-baccalaureate degrees. Because we actively seek a diverse student body, all previous academic majors are considered for admission. Both full-and part-time students are welcome. Courses are offered in the late afternoon, evenings and Saturdays.

ADMISSIONS

Candidates must submit an application for graduate admission which includes:

  • One official copy of the academic transcript from each college and/or university attended.
  • Scores from the Graduate Management Admission Test.
  • A statement of professional objectives.
  • Two letters of recommendation from persons qualified to evaluate the applicant's promise of academic achievement and potential for professional growth.
  • A non-refundable fee of $60.00 must accompany each application.

Although prior work experience is not an admission requirement, it is strongly recommended for all MBA applicants.  APPLICATIONS MAY BE SUBMITTED AT ANY TIME OF THE YEAR.  The GMAT is required of all students. No application will be considered without these scores.

Through prior academic experience, challenge examinations and/or graduate level transfer credits, the 48 semester hour MBA requirement may be reduced by a maximum of 15 semester hours. The remaining 33 semester hours must be completed at Montclair State University and must meet the following minimum requirements:

  • All advanced courses must be taken and completed at Montclair State University.

PROGRAM REQUIREMENTS

Complete 48 semester hours including the following 5 requirement(s):

  1. MANAGERIAL DECISION MAKING

    Complete 3 courses:

    ECON 501 Economic Analysis 3
    INFO 501 Statistical Methods 3
    INFO 503 Information Systems 3

  2. FUNCTIONAL CORE

    Complete 5 courses:

    ACCT 501 Financial Accounting 3
    FINC 501 Corporate Financial Management 3
    INFO 505 Production/Operations Management 3
    MGMT 505 Management Process and Organizational Behavior 3
    MKTG 501 Marketing Management 3

  3. MANAGING THE BUSINESS ENVIRONMENT

    Complete 3 courses: (The MBA Director may authorize substitute electives if eligible).

    ACCT 502 Managerial Accounting 3
    ECON 505 Aggregate Economics 3
    INBS 501 International Business: Concepts and Issues 3

  4. ACCOUNTING CONCENTRATION

    Complete a total of 9 semester hours from the following:

    1.  

      ACCT 508 Governmental and Not For Profit Accounting 3
      ACCT 510 Accounting Information Systems 3
      ACCT 512 Fundamentals of Federal Taxation 3
      ACCT 514 Advanced Taxation for Accountants 3
      ACCT 520 Contemporary Issues in Financial Accounting I 3
      ACCT 521 Contemporary Issues in Financial Accounting II 3
      ACCT 523 Financial Statement Analysis 3
      ACCT 524 Auditing Concepts and Techniques 3
      ACCT 525 International Taxation and International Management Accounting 3
      ACCT 526 Fraud Examination 3
      ACCT 527 Forensic Accounting 3
      ACCT 575 Independent Study in Accounting 1-3
      ACCT 577 Selected Topics in Accounting 3

    2. 1 course from the following list may be taken.

      ACCT 540 International Accounting and Auditing 3
      INBS 540 International Accounting and Auditing 3

  5. STRATEGY & LEADERSHIP: CAPSTONE COURSES

    Complete 2 courses:

    MGMT 513 Leadership and Behavior 3
    MGMT 580 Advanced Strategic Management 3

Course Descriptions:

ACCT501: Financial Accounting

A study of basic accounting concepts and their significance to the financial analyst and manager. Problems relating to income determination, valuation, reporting and analysis are stressed. Alternative conceptual foundations of reporting standards are presented and evaluated. 3 sh.

Prerequisites: M.B.A. degree students, M.A. Fine Arts majors with concentration in Museum Management or M.A. Theatre majors with concentration in Arts Management only.

ACCT502: Managerial Accounting

This course examines the development of theory, concepts and practices of providing information for use within the organization. Cost concepts and classifications schemes, the use of accounting information for internal decision making, static and flexible budgeting for managerial control and activity based costing techniques are among the topics covered. 3 sh.

Prerequisites: ACCT 501, ECON 501. Starting Spring 2011: ACCT 501, MBA degree students only, not open to any student with an undergraduate accounting degree.

ACCT508: Governmental and Not For Profit Accounting

This course reviews the accounting and reporting concepts, standards and procedures applicable to the Federal government, state and local governments and not-for-profit institutions such as universities and hospitals. 3 sh.

Prerequisites: M.B.A. or M.S. in Accounting degree students only.

ACCT510: Accounting Information Systems

Examines the theory and practice of developing and maintaining accounting based information systems. Systems development techniques, system control and documentation are emphasized. Transactional, data-based distributive and electronic data exchange concepts are developed. The auditing of computer based systems is structured. 3 sh.

Prerequisites: ACCT 501 and INFO 503; or undergraduate degree with concentration in accounting; M.B.A. or M.S. in Accounting degree students only.

ACCT512: Fundamentals of Federal Taxation

The purpose of this course is to introduce students to a broad range of tax concepts for the individual and to emphasize the role of taxation in the business decision-making process. Coverage includes on a broad basis; the framework of the tax system, factors in selecting a choice of entity, type of income, deductions and losses, types of distributions to owners including their tax effect, tax impact of shifting ownership, different types of corporate compensation and professional responsibilities. 3 sh.

Prerequisites: M.B.A. degree students only.

ACCT514: Advanced Taxation for Accountants

The purpose of this course is to further expand on the basic concepts presented in "Basic Taxation for Accountants." Formation, operation and dissolution of sole proprietorships, C Corporations, S Corporations, and Partnerships are discussed. Coverage also includes limited liability entities, alternative minimum tax calculations for individuals and corporations related party transactions, estate and gift tax, fiduciary accounting, tax planning and ethics. 3 sh.

Prerequisites: ACCT 512 or undergraduate degree with concentration in accounting; M.B.A. or M.S. in Accounting students only.

ACCT520: Contemporary Issues in Financial Accounting I

The course builds on material presented in the financial accounting course ACCT 501. Students should gain an improved understanding of the techniques and underlying rationale of methods used to accumulate financial and operating data. Also improves skill in analyzing information provided in annual financial reports. 3 sh.

Prerequisites: Not open to any student with undergraduate Accounting degree.

ACCT521: Contemporary Issues in Financial Accounting II

Continuation of Contemporary Issues in Financial Accounting I. Enables students to acquire an improved understanding of the composition and significance of various segments of the balance sheet, especially noncurrent assets, noncurrent liabilities, stockholders' equity, and the statement of cash flows. 3 sh.

Prerequisites: ACCT 520.

ACCT523: Financial Statement Analysis

From an accounting perspective, an in-depth discussion and analysis of financial statements as a basis for valuation of the firm. The real performance of the companies under consideration will be determined as students learn to decode information contained in corporate annual reports. The course leads to the ability to evaluate critically the key issues affecting a company's valuation and operations utilizing accounting information. In addition, the valuation techniques introduced provide the opportunity for statistical modeling and empirical testing of the valuation procedures with accounting data. 3 sh.

Prerequisites: ACCT 501 and FINC 501, or undergraduate degreee with concentration in Accounting; M.B.A. or M.S. in Accounting degree students only.

ACCT524: Auditing Concepts and Techniques

A course in auditing principles, theory, design, and techniques. Theory, practice, and techniques are integrated through the use of current auditing problems and student performance of a simulation audit of selected financial statement data. 3 sh.

Prerequisites: ACCT 520 or undergraduate degree with a concentration in accounting, M.B.A. students only.

ACCT525: International Taxation and International Management Accounting

This course deals with the impact of international taxation on U.S. multinational corporations doing business abroad, foreign corporations doing it in the U.S., the U.S. residents working abroad, and nonresident aliens working in the U.S. It further concerns the tax rules for controlled foreign corporations and foreign sales corporations. The course also studies the aspects of international management accounting. It investigates the inflation accounting system in the world and the performance evaluation in multinational corporations. In addition, it covers the transfer pricing methods and investment analysis for multinational corporations. Related professional pronouncements and Internal Revenue Codes are integrated into the course content. 3 sh.

Prerequisites: ACCT 501 and ACCT 502, or undergraduate degree with concentration in Accounting; M.B.A. or M.S. in Accounting degree students only.

ACCT526: Fraud Examination

The course will cover the principles to be followed and techniques to be adopted to detect and prevent fraud especially in corporate context. Students will gain knowledge and ability to decipher the presence of fraud. Students will learn how to analyze and implement various types of fraud prevention and detection procedures. The course will provide a broad understanding of several major related topics such as skimming, larceny, billing schemes, check tampering, payroll schemes, corruptions and fraudulent financial statements, interviewing witnesses and occupational fraud and abuse. 3 sh.

Prerequisites: ACCT 501 and INFO 503; or undergraduate degree with concentration in Accounting; M.B.A. or M.S. in Accounting degree students only.

ACCT527: Forensic Accounting

The roles, responsibilities, and requirements of a fornesic accountant in the litigation environment. Emphasis on how to review, detect, and investigate possible financial statement concerns of public and private companies. Topics covered include: elements of financial statement fraud; management's and auditor's responsibilities, financial statement red flags, earnings management, and investigative strategies. Actual litigation and fraud cases will be discussed to highlight the evolving roles of forensic accountants. 3 sh.

Prerequisites: ACCT 501 and INFO 503; or undergraduate degree with concentration in Accounting; M.B.A. or M.S. in Accounting degree students only.

ACCT540: International Accounting and Auditing

This course deals with the measurement of operating results and financial position of multinational corporations involving transactions with foreign currencies. It focuses on the system of foreign exchange markets and the transaction gains or losses due to changes in foreign exchange rates. It teaches the techniques of foreign currency translations. It concerns the foreign exchange risk management in hedging activities. The course specifically investigates the risk aversion tool of forward exchange contracts. It also explores international accounting standards and accounting systems in other countries and the current developments in the harmonization process. Finally the course will focus on the role of internal and external auditing in the international context. Cross listed with International Business INBS 540. 3 sh.

Prerequisites: ACCT 501 and ACCT 502; or undergraduate degree with concentration in Accounting; M.B.A. or M.S. in Accounting degree students only.

ACCT575: Independent Study in Accounting

Under faculty guidance and supervision, this tutorial course is open to students who wish to pursue individual study and research in a particular discipline. Written permission of the appropriate department chair and the MBA director must be secured prior to enrolling in this course. 1 - 3 sh.

Prerequisites: Departmental approval.

ACCT577: Selected Topics in Accounting

An in-depth study of a selected topic, issue, problem or trend in accounting. The specific subject matter is not offered as an existing regular course or deserves more time-emphasis than is possible in a regular course. When offered, topics and prerequisites are announced in the course schedule book. 3 sh.

Prerequisites: M.B.A. Degree students only.

ECON501: Economic Analysis

The resource allocation and distribution of income implications of a market-oriented economy operating under various degrees of competition. Also analyzed are the determinants of consumer and market demand and the theoretical cost structure of firms. 3 sh.

Prerequisites: M.B.A. degree students, M.A. Environmental Studies majors with concentration in Environmental Management (ESEM), Doctor of Environmental Management (ENVM) students; or M.B.A. Director approval.

ECON505: Aggregate Economics

This course develops contemporary macroeconomic theories to explain aggregate employment, national income and the levels of interest rates and prices. Along with developing various models the course examines current research and reviews the economy's recent macroeconomic performance. 3 sh.

Prerequisites: M.B.A. degree students, M.A. Environmental Studies majors with concentration in Environmental Management (ESEM), Doctor of Environmental Management (ENVM) students; or M.B.A. Director approval.

FINC501: Corporate Financial Management

An introductory course in corporate financial management which provides students with an understanding of the fundamental concepts of modern finance from an analytical and quantitative perspective and serves as a foundation course for further work in finance. The course stresses: valuation; capital budgeting decisions; capital structure and dividend decisions. 3 sh.

Prerequisites: ACCT 501, and ECON 501, and INFO 501; major within the School of Business; M.B.A. degree students only.

INBS501: International Business: Concepts and Issues

This course offers students an in-depth introduction to international business concepts and issues in addition to exposure to the fundamentals of international business, students will become aware of the dynamics of global business environment, international competition in both the domestic and foreign markets as well as strategic issues in international business management and operations. The course adopts a critical approach; it presents both sides of an international business issue. Greater emphasis will be placed on managerial implications of information presented in the course. The course also includes discussion of ethics and social responsibility in the conduct of international business. 3 sh.

Prerequisites: ECON 501; M.B.A. degree students only.

INBS540: International Accounting and Auditing

This course deals with the measurement of operating results and financial position of multinational corporations involving transactions with foreign currencies. It focuses on the system of foreign exchange markets and the transaction gains or losses due to changes in foreign exchange rates. It teaches the techniques of foreign currency translations. It concerns the foreign exchange risk management in hedging activities. The course specifically investigates the risk aversion tool of forward exchange contracts. It also explores international accounting standards and accounting systems in other countries and the current developments in the harmonization process. Finally, the course will focus on the role of internal and external auditing in the international context. Cross listed with Accounting, Law and Taxation, ACCT 540. 3 sh.

Prerequisites: ACCT 501 and ACCT 502, MBA degree students only.

INFO501: Statistical Methods

Introduction to statistical techniques with applications in business decision making and problem solving. Topics include methods of descriptive data analysis, probability and probability distributions, methods of inferential data analysis including estimation and hypothesis testing and an introduction to experimental design principles, correlation, regression model building and an introduction to time series forecasting. 3 sh.

Prerequisites: Course in undergraduate calculus; M.B.A. degree students only.

INFO503: Information Systems

Examines the information requirements of an organization. The differences in the kinds of information needed at the various organizational levels (operational, administrative and strategic) are emphasized. How to plan and implement a comprehensive information system is discussed as well as methods to measure its effectiveness. 3 sh.

Prerequisites: M.B.A. degree students only.

INFO505: Production/Operations Management

Emphasizes human and mechanical productivity in planning a comprehensive and effective production or operations system. Employs a case approach to the study, formulation, and solution of business problems through the application of managerial, quantitative and information systems methodology. 3 sh.

Prerequisites: INFO 501, 503, MGMT 505; M.B.A. degree students only.

MGMT505: Management Process and Organizational Behavior

Review of classical and modern approaches to the managerial process as it relates to the manager's functions of planning, organizing, staffing, leading, and controlling. These reviews will be tied to the open-system model and the contingency approach as an overall framework for understanding the management of organizations. 3 sh.

Prerequisites: Only M.B.A.and D.Env.M.students, M.A.Fine Arts majors with concentration in Museum Management, M.A.Theatre majors with concentration in Arts Management, or M.A.Theatre majors with concentration in Arts Management.

MGMT513: Leadership and Behavior

The purpose of the course is to help students understand leadership behavior. The course reviews current theoretical and empirical literature from the behavioral sciences as it relates to leadership. Topics covered include leadership styles, power and leadership, leader-follower interactions, and the manager as leader. 3 sh.

Prerequisites: ACCT 502, INBS 501, ECON 505, FINC 501, INFO 505, MKTG 501, INFO 501, INFO 503 and MGMT 505.

MGMT580: Advanced Strategic Management

The focus of this course is on actual business situations and their impact on the total organization including the role of top management in dealing with these problems. The structure of the course is based on the strategic management process which includes identification, evaluation, and implementation of policy and strategy. 3 sh.

Prerequisites: ACCT 502, INBS 501, ECON 505, FINC 501, INFO 505, MKTG 501, INFO 501, INFO 503 and MGMT 505.

MKTG501: Marketing Management

This business core requirement assumes little or no prior formal education in the discipline of marketing. As such, a solid introduction to the language of the discipline, body of knowledge, tools and techniques must necessarily be covered through a text and readings format supplemented with class lectures which are grounded in heavy case analysis and real-world illustrations. The pivotal distinctiveness of this graduate offering lies in drawing the student into issues that are industry and company specific (preferably drawn from the student's career related industry/company). 3 sh.

Prerequisites: M.B.A.degree students, M.A.Fine Arts majors with concentration in Museum Management, or M.A.Theatre majors with concentration in Arts Management only.

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