Accounting, B.S.B.A. Requirements

Program Director:Debra Salvucci Office: Stanger Hall 212 Phone: 508-565-1314dsalvucci@stonehill.edu

Complete Six Accounting Requirements

Code Course Credits

BUS 316

Accounting Systems

Offered: Fall Semester

In this course students learn to think about accounting from a systems perspective, design accounting systems from a needs perspective, and evaluate accounting systems from a risk assessment perspective. Also, covers how accounting systems work, building ethical values into the accounting system, internal control concepts, the evolution and use of technology for competitive advantage, system flowcharting, accounting cycles, and security measures. a group project and class presentation is required involving the evaluation of internal control using an interactive simulation.

Prerequisite(s): BUS 203 and Sophomore standing.
Course should be taken no later than the Junior year. Course may be applied to the Management of Information Systems program.

3

BUS 311

Intermediate Accounting I

Offered: Fall Semester

Explores the environmental and conceptual framework of accounting; assumptions and principles underlying the financial statements. In-depth coverage of cash, receivables, and inventory.

Prerequisite(s): BUS 203. May not receive credit for both BUS 311 and BUS 324.

3

BUS 312

Intermediate Accounting II

Offered: Spring Semester

Provides in-depth coverage of the accounting issues involved in plant assets, intangibles, liabilities, leases, stockholder’s equity, earning per share and revenue recognition. statement.

Prerequisite(s): BUS 203.

3

BUS 414

Tax Accounting

Offered: Fall Semester

A study of federal income tax laws as they apply to individuals, unincorporated businesses and an overview of business entities.

Prerequisite(s): BUS 204.

3

BUS 417

Auditing

Offered: Fall and Spring Semesters

Auditing philosophy and technique, with emphasis on the professional auditing environment, critical thinking, auditing standards, professional ethics, and legal responsibility. Also, the auditor's report, internal control, evidential matter, working papers, statistical sampling, auditing computerized systems, and the development of audit programs.

Prerequisite(s): BUS 316, and Senior standing.

3

BUS 434

Advanced Accounting

Offered: Fall and Spring Semesters

Studies issues related to specialized financial accounting topics such as pensions, deferred income taxes, business combinations, foreign operations, and foreign currency translations.

Prerequisite(s): Junior standing.

3

Optional Electives

Code Course Credits

BUS 307

Data Communications, Networking, and Security

Offered: Offered Wintersession 2015 and Summer 2016

Course provides foundations in digital communications as a basis for modern telecommunications and the Internet. It progresses from the elements of data, voice and video signals and information transmission to the principles of telecommunications, networks, and the Internet. Special attention given to the importance of modern telecommunications in business as well as the criticality of IT security in corporations. Topics include: network standards (TCP/IP), security, Ethernet/switched LANs/wireless LANs, Internet of Things (IoT), and networked applications.

Prerequisite(s): Sophomore standing.
Course may be applied to the Management of Information Systems program.

3

BUS 309

Database Applications

Offered: Spring Semester

Explores the role of information systems in a small business setting. The theory and design of business systems prepare the students for extensive hands-on labs, developing applications using popular software packages.

Course may be applied to the Data Science and Management of Information Systems programs.

3

BUS 420

Topics in Accounting

Offered: Spring Semester

This course will introduce new topics into the accounting curriculum in the areas of auditing, accounting systems, activity-based management, taxation, international accounting, FASB regulations, Sarbanes-Oxley, forensic accounting, etc.

Prerequisite(s): Junior standing.
Course may be taken twice as long as topics differ.

3

BUS 435

Advanced Taxation

Offered: Spring Semester

Examines the federal tax laws as they apply to C Corporations, S Corporations, Partnerships, Trusts, and Estates. Topics include the philosophy of taxation and tax credits, the statutory administrative and judicial sources of the tax law, and tax administration and practice. Tax research and planning procedures and the use of automated systems in tax preparation are also covered.

Prerequisite(s): Junior standing.

3

BUS 475

Internship in Business Administration

Offered: Fall and Spring Semesters

The internship program is designed to enhance knowledge of the environment and constraints of an organizational setting. It is geared to give the student an opportunity to apply concepts and skills acquired in the classroom. Registration must be approved by the faculty member supervising the internship and the supervisor in the cooperating organization.

Prerequisite(s): Junior or Senior standing and 2.80 GPA. See Internship Coordinator for other requirements.
Must complete the "U.S. Internship Request for Approval" process found under the myPlans tab in myHill to register for this Internship. Course may be applied to the Entrepreneurship minor.

3

Complete Fourteen Business Core Courses

Code Course Credits

BUS 101

First-Year Business Experience

Offered: Fall Semester

Through structured business simulation, students are introduced to the disciplines of accounting, finance, management, marketing and international business. Emphasis is placed on critical thinking, oral and written case analyses, oral presentations, teamwork current events and interaction with guest speakers. The course also includes discussions of ethical practices, historical and global issues affecting today’s organizations. Only open to First Year Students.

4

MTH 105

Finite Mathematics

Offered: Fall and Spring Semesters

Operations with matrices. Systems of linear equations. Linear programming. The simplex method. Sets and counting. Permutations and combinations. Probability. Conditional probability. Independence. Bayes' theorem. Markov chains. Absorbing Markov chains.

Course is being piloted 2012-2013 and 2013-2014. Limited to business majors only.

3

BUS 203

Financial Accounting

Offered: Fall and Spring Semesters

Fundamental principles and theories of financial accounting. Emphasis placed on the understanding and use of financial statements for the corporation. Interpretation and use of financial statement information in business decisions, and a study of the system that produces this information.

Course may be applied to the Business and Entrepreneurship minors.

3

BUS 204

Managerial Accounting

Offered: Fall and Spring Semesters

Concepts and practices of managerial accounting. Topics include: cost behavior and cost-volume-profit analysis, contribution margin reporting, profit planning and budgeting, standard costs, performance analysis, decentralized operations, and relevant costs for decision making.

Prerequisite(s): BUS 203.
Course may be applied to the Business minor.

3

BUS 206

Quantitative Analysis

Offered: Fall and Spring Semesters

Introduction to the techniques and reasoning processes of statistical analysis. Emphasis on statistical reasoning and critical analysis of statistical evidence. Extensive use of statistical software is used to support computational tasks and conceptual understanding. Topics include study design, data collection, descriptive statistics, elementary probability, discrete and continuous distributions, confidence interval estimation, tests of hypotheses for numerical and categorical data, and simple linear regression.

Prerequisite(s): MTH 105 or MTH 125 (with a grade of C- or better - starting with the Class of 2019).
Fulfills the Statistical Reasoning requirement.Course may be applied to the Management of Information Systems program.

3

ECO 176

Microeconomic Principles

Offered: Fall and Spring Semesters

Economic analysis of product and resource markets. The consumption behavior of households, the price and output decisions of firms under various forms of market structure, the distribution of income.

Fulfills the Social Scientific Inquiry requirement.

3

ECO 178

Macroeconomic Principles

Offered: Fall and Spring Semesters

Descriptive, historical and theoretical treatment of the overall level of economic activity, prices and employment within the framework of American capitalism. Contributions of Smith, Ricardo, Keynes, and others.

Prerequisite(s): ECO 176 or the First-Year Seminar equivalent.
Fulfills the Social Scientific Inquiry requirement.

3

BUS 333

Organizational Behavior

Offered: Fall and Spring Semesters

The study of individuals and groups within the context of the organization. Topics include leadership, motivation, group processes, decision-making, workplace diversity, power, conflict and negotiation, communication, and organizational culture. Particular emphasis will be placed on relevant and important issues facing organizations today. Extensive use of teams, cases, skill-based exercises, and readings.

Prerequisite(s): Sophomore Standing.
Course may be applied to the Business and Sports, Science & Society minors.

3

BUS 340

Marketing Principles

Offered: Fall and Spring Semesters

Explores the role marketing plays within firms and within society. Describes fundamental principles and methods underlying the national and international system of providing goods and services for consumers and business users in the profit and nonprofit sectors. Studies the tasks and decisions facing marketing managers in planning, implementing, and controlling marketing programs, and the ethical implications of these decisions.

Prerequisite(s): Sophomore standing.
Course may be applied to the Arts Administration major, and Business and Entrepreneurship minors.

3

BUS 320

Corporate Finance

Offered: Fall and Spring Semesters

Emphasizes understanding financial markets and the financial management of corporations. Stresses the firm's procurement, allocation, and control of funds and their relationship to the firm's objectives of profitability and liquidity. Covers the concepts of interest rates, financial analysis, risk and return, analysis of investment decisions and capital budgeting, debt and equity financing, and dividend policies. Advanced Excel tools for finance are employed. These concepts are explored through lectures, problems, case studies, and readings.

Prerequisite(s): BUS 203 (with a grade of C- or better - starting with the Class of 2019).
Course may be applied to the Business and Entrepreneurship minors.

3

BUS 336

International Business

Offered: Fall and Spring Semesters

This course introduces the students to the economic, political, and cultural environments affecting international business. In addition, the influence of government on trade, foreign direct investment, foreign exchange, export and import strategies, and the impact of multinational enterprises will be discussed. Students will also be exposed to the comprehensive set of dynamics that comprise international business decision environments and will learn to evaluate alternative courses of action in a global setting. Particular emphasis will be placed on areas of current importance. Extensive use of cases and readings.

Prerequisite(s): Junior standing.
Course may be applied to the Asian Studies and Middle Eastern Studies programs. Course may be applied to the Latin American Studies program with permission of the Program Director.

4

BUS 352

Legal Environment of Business (WID)

Offered: Fall and Spring Semesters

An introduction to the nature, sources, and institutions of the law, and of the basic legal framework within which business operates. The course exposes students to tort law, criminal law, contracts, agency, and business organizations including general and limited partnerships, limited liability companies, and corporations.

Fulfills the Writing-in-the-Disciplines requirement.

4

BUS 360

Operations Management

Offered: Fall and Spring Semesters

Examines the principles, techniques, and methodologies required to successfully operate an organization in today's dynamic environment. The course will address both strategic and tactical issues of operations management and evaluate their impact on competitiveness, productivity, flexibility, quality, and cost. The course will draw on case studies and the analysis of real-world situations.

Prerequisite(s): BUS 206 or MTH 145 or MTH 225 or ECO 241 or PSY 261, and Junior standing.

3

BUS 469

Policy and Strategy

Offered: Fall and Spring Semesters

Capstone course for all business seniors. Focuses on the roles of executive management and the processes involved in the development and implementation of strategy in a complex, global economy. Extensive use of cases, industry simulation and team assignments.

Prerequisite(s): BUS 204, BUS 206, BUS 320, BUS 333, BUS 340 and Senior Standing.

3

Business Internship Program

Business majors are encouraged to participate in multiple internships. Only junior and senior Business majors with a 2.80 GPA or better may register for BUS 475 - Internship in Business Administration unless granted permission by the Business Department Chairperson.

Students must work a minimum of 12 hours per week for 14 weeks (168 hours total) to earn 3 credits. Students are also required to submit a professional journal or portfolio and a research paper as part of their internship.

Business majors may apply a maximum of 6 credits of BUS 475 to their major. Students are encouraged to consult with Debra Salvucci the Department Chair and Internship Coordinator.