Finance, B.S.B.A. Requirements

Program DirectorMichael G. Mullen Office: Stanger Hall 101A Phone: 508-565-1939mmullen1@stonehill.edu

Complete Six Finance Requirements

Code Course Credits

BUS 321

Advanced Corporate Finance & Modeling

Offered: Fall Semester

Course covers intermediate topics in financial management. Emphasis on the major concepts of business finance, including capital budgeting and investment decisions, capital structure and financing decisions, financial analysis, and value creation. These concepts are explored through lectures, problems, readings, and class discussions.

Prerequisite(s): BUS 320.

3

BUS 324

Corporate Financial Reporting

Offered: Fall Semester

Examination of the corporate reporting process from the point of view of the financial statement user. Emphasizes understanding the information that corporations are required to provide stockholders; interpreting the meaning of this information: and assessing how this information is used by investors. Focuses on the concept of earning quality and involves the extensive use of cases.

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

3

BUS 327

Investments

Offered: Fall and Spring Semester

This course stresses the fundamental analysis and valuation of stocks, bonds, and other financial instruments. Trading procedures, regulatory matters, portfolio theory, and the proper specification of risk versus return are covered. These concepts are explored through lectures, problems, valuation modeling, readings, and class/group discussions.

Prerequisite(s): BUS 320

3

ECO 303

Intermediate Macroeconomics

Offered: Fall and Spring Semesters

Theory of income, employment, and output; economic fluctuations, inflation, interest rates, growth, and stabilization policy.

Prerequisite(s): ECO 176 and ECO 178 (or their corresponding First-Year Seminar equivalents.)

3

BUS 425

Multinational Corporate Finance

Offered: Spring Semester

Study and understanding of financial management in an international business setting. This course discusses the concepts and techniques of international financial risk management, using currency hedging techniques, international investment decisions, and international money markets and financing decisions. Using lecture, discussions, and readings, the course provides a framework to evaluate international business transactions.

Prerequisite(s): BUS 320, and Junior standing.

3

BUS 428

Seminar in Financial Management

Offered: Spring Semester

Use of readings and case studies to understand the types of analysis performed and decisions made by the financial managers of corporations, focusing on valuation concepts and managing for value. Students explore specific financing and investing decisions made by the firm’s management, capital structure, capital budgeting, and long-term financing decisions. Stresses student’s analysis and problem solving skills and requires active class participation.

Prerequisite(s): BUS 320, and Senior standing.

3

Optional Electives

Code Course Credits

BUS 429

Entrepreneurial Finance

Offered: Spring Semester

This course is intended for students interested in the often-mysterious and often-misunderstood world of venture capital. Unlike the study of Corporate Finance that focuses on the financial decision-making of large public corporations, this course will focus on the study of the financing of small and medium-sized businesses from the perspective of both the entrepreneur and the venture investor. These concepts are explored through lectures, readings, case studies, and class/group discussions.

Prerequisite(s): BUS 203 and BUS 320.
Course may be applied to the Entrepreneurship minor.

3

BUS 490

Directed Study     (in Finance)

Offered: Fall and Spring Semesters

Investigation in some field for which the student has special interest not covered by a normally-scheduled course. Student must present plans in advance of pre-registration to some full-time faculty member who will agree to direct and evaluate the project. At the time of pre-registration the student must obtain the signature of this faculty member and of the Chairperson of the Department.

3

ECO 309

Money and Banking

Offered: Fall Semester

Analysis of the operation of financial markets and financial institutions focusing on financial intermediaries including commercial banks, investment banks and the central bank. Examines the structure and performance of the bond and stock markets, derivatives, and other financial instruments. Extensive use current market information prepares students with the real-world knowledge and experience necessary for careers in the financial world.

Prerequisite(s): ECO 176 and ECO 178 (or their corresponding First-Year Seminar equivalents.)
Course may be applied to the American Studies program.

4

ECO 420

Fixed Income Analysis

Offered: Not Offered 2016-2017

This course covers valuation and portfolio management techniques for fixed income securities. Major topics include: the term of structure or interest rates; the measurement and management of price volatility using duration and immunization; credit risk embedded options and option-adjusted spreads; mortgages and prepayments risk; and international bond portfolios.

Prerequisite(s): ECO 309 or BUS 327.

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

Stonehill College Investment Finance Initiative (SCIFI) Program

The SCIFI academic program is a senior level course of study in investment finance. Applications for the program are accepted from students taking BUS 327 - Investments either in the fall or spring semester of junior year. Pre-requisite course requirements include: BUS 203 - Financial Accounting and BUS 320 - Corporate Finance . Students need not be business majors or business minors to apply. Participation in the program provides an advanced forum for learning with an emphasis of putting classroom knowledge into practice. SCIFI enables students to explore in-depth financial topics such as:

  • Modern Investment Philosophy
  • Economic and Industry Analysis
  • Investment Valuation Tools
  • Portfolio Management Theory and Practice
  • Alternative Investments

SCIFI Senior Year Coursework

Student participants in SCIFI are committing to coursework for two semesters that involve active management of the Student Run Investment Fund for the entire year:

Code Course Credits

BUS 432

Applied Research and Portfolio Management     (Fall Semester)

Offered: Fall Semester

This course is designed to build on the investment and analytical tools taught in BUS 203, BUS 320, and BUS 327 . This course will develop a student's understanding of the investment research and portfolio management process. Emphasis will be on equities but may include discussions on fixed income securities and derivative security analysis as well. The class will simulate a real world management process covering the research and analysis of individual securities, formulation of these securities into portfolios and the use of derivative securities to modify the risk /return profile of the portfolio.

Prerequisite(s): BUS 327, and acceptance by the SCIFI academic Committee.

3

BUS 430

Topics in Finance     (Spring Semester)

Offered: Spring Semester

This course will introduce new topics into the finance curriculum in the areas of corporate finance, investments, financial institutions, derivative securities, etc.

Prerequisite(s): BUS 320 and (BUS 327 or ECO 401) and Junior standing.
Course is not repeatable.

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

BUS 490

Directed Study

Offered: Fall and Spring Semesters

Investigation in some field for which the student has special interest not covered by a normally-scheduled course. Student must present plans in advance of pre-registration to some full-time faculty member who will agree to direct and evaluate the project. At the time of pre-registration the student must obtain the signature of this faculty member and of the Chairperson of the Department.

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.