Department of Accounting and Finance Department of Accounting and Finance Department of Accounting and Finance Department of Accounting and Finance Department of Accounting and Finance

School of Business & Entrepreneurship

Department of Accounting and Finance

Questions?

David Gray, Chair, Accounting and Finance Department

630-637-5586

dlgray@noctrl.edu

Accounting

Our accounting degree will help you become professionally indispensable—one of those rare people who can analyze complex quantitative problems and explain them to everyone from CEOs to stockholders. You’ll learn to identify key economic issues affecting business strategy and interpret and prepare critical financial reports and analysis. Our professors also weave writing and presentation skills into every accounting course, so you’ll become a skilled communicator—and that will set you head and shoulders above your peers. 

Accounting majors can obtain a B.A. or B.S. degree in accounting as well as the M.B.A. degree within a five-year period. This five-year program is particularly appropriate for accounting majors who want to take the CPA exam. In Illinois (and most states), candidates must have 30 semester hours beyond the 120 hours of North Central College's bachelor's degree in order to sit for the exam. Our program meets this requirement.

Your North Central College accounting classes will give you technical knowledge and problem-solving and communication skills you'll need to succeed as an accountant. And if you elect an internship, you'll have the chance to showcase what you've learned, gain first-hand knowledge of the type of work you want to pursue, and build a network of professional contacts in a major metropolitan area.

Finance

Finance is a dynamic and challenging field that seeks to develop within students an understanding of the conceptual framework of modern finance and the skills required for financial decision-making. Students majoring in finance study financial markets and institutions and analyze investments. The finance major is appropriate for students interested in the careers in financial services (banks, brokerage houses, mutual funds, stock markets) or general business, or who intend to pursue graduate study in finance, economics, business, or law.

A centerpiece for finance students is our financial markets trading lab, complete with stock ticker, news monitors and 10 student workstations. The lab offers a wealth of information and analysis and more than 10,000 screens of data. Students also can choose to become certified by completing a series of modules, covering economic theory, economic indicators, fixed income vehicles, options, equities and more. 

Accounting Program and Degree Options

Accounting, B.A.

For additional programs and courses in this department, see Accounting.

Recommendations for the C.P.A. Examination

The C.P.A. Examination in Illinois requires completion of a Bachelor's degree and 150 credit hours. The following courses, while not required for the accounting major, are highly recommended for students preparing to take the C.P.A. examination:

  • BUS 305 - Business Transactions

    BUS 305 - Business Transactions

    3.00 credit hours

    A study of the structure associated legal implications for business transactions such as sales and leases, negotiable instruments and banking transactions, secured transactions, title transfers, labor agreements and bankruptcy, among other current topics. Special attention to ethical business practices related to such transactions is emphasized.

    Prerequisite(s)


    ACC 202 and BUS 205; BUS 296 recommended.

    Schedule Of Classes

  • COM 230 - Business and Professional Communication

    COM 230 - Business and Professional Communication

    3.00 credit hours

    This course focuses on developing the skills and strategies involved in written, face-to-face and electronic communication in professional settings. Students learn fundamentals of interviewing, writing and presenting in professional contexts and may investigate organizational communication practices such as performance feedback, training, meeting management and organizational identity.

    Prerequisite(s)


    One of COM 100, COM 200 or COM 214; Junior standing.

    Schedule Of Classes

Major Requirements

Common Business Core

  • ACC 201 - Accounting Principles I/Financial

    ACC 201 - Accounting Principles I/Financial

    3.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACC 202 - Accounting Principles II/Managerial

    ACC 202 - Accounting Principles II/Managerial

    3.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)


    ACC 201.

    Schedule Of Classes

  • BEN 110 - Business and Society

    BEN 110 - Business and Society

    3.00 credit hours

    An introductory course identifying the role of the business institution in our society. It serves as a background for other more focused business courses. Specifically, it will explore the major business activities that operate within the societal framework. It seeks to provide a basic understanding of what business arena is about, and how business behavior is shaped and influenced by its stakeholders—managers, consumers, employees, government and community members. Key topics to be covered in this course include: business systems, corporate governance, the business and society relationship, business and public issues, ethical dilemmas in business, corporate social responsibilities in relation to stakeholders, globalization, ecological and sustainability issues and the influence of technology on business and society. Students may not receive credit for both BEN 110 and BEN 310.

    Prerequisite(s)


    First-Year or Sophomore status.

    Schedule Of Classes

  • BUS 135 - Introduction to International Business

    BUS 135 - Introduction to International Business

    3.00 credit hours

    An introduction to the study of Globalization and Business. The course exposes the student to the broad issues of globalization; illustrates the advantages and disadvantages of globalization; relates globalization to culture, politics, ethics, labor, legal settings, geography and international organizations; and finally, provides the context of business as it operates globally.

    Schedule Of Classes

  • BUS 205 - Introduction to Business Law

    BUS 205 - Introduction to Business Law

    3.00 credit hours

    An introductory survey of the major aspects of the law governing business and commerce including the domestic and international legal environment, the range of dispute resolution processes, legal liability including business torts and crimes, contracts, employment law including employment discrimination, business entities focusing on corporations and general partnerships and intellectual property with particular attention to copyright and trademark law.

    Schedule Of Classes

  • BUS 241 - Business and Economic Statistics

    BUS 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • BUS 362 - Management and Organizational Behavior

    BUS 362 - Management and Organizational Behavior

    3.00 credit hours

    A study of management principles and functions in formal organizations. Setting objectives, planning, organizing, delegating, decision making, budget setting and controlling as practiced in for-profit and not-for-profit organizations.

    Prerequisite(s)


    ACC 201ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 368 - Principles of Marketing

    BUS 368 - Principles of Marketing

    3.00 credit hours

    The scope and methods of product development, pricing, distribution and promotion of goods and services by for-profit as well as not-for-profit organizations.

    Prerequisite(s)


    ACC 201, ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 475 - Business Strategy

    BUS 475 - Business Strategy

    3.00 credit hours

    An integrative course in business, dealing with strategic policy formulation and implementation, long-range planning and environmental scanning through the use of case analysis.

    Prerequisite(s)


    BUS 135, BUS 205, BUS 360, BUS 362, BUS 368, FIN 350 and Senior standing.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • ECN 252 - Macroeconomic Principles

    ECN 252 - Macroeconomic Principles

    3.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking and fiscal and monetary policies.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement; ECN 250 recommended.

    Core

    Social Science.
    IAI

    S3 901

    Schedule Of Classes

  • FIN 350 - Corporate Finance

    FIN 350 - Corporate Finance

    3.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital and capital budgeting.

    Prerequisite(s)


    ACC 201; ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Accounting Courses

  • ACC 307 - Cost Accounting

    ACC 307 - Cost Accounting

    3.00 credit hours

    Development of accounting information for management decisions. A study of several cost accounting systems, unit cost determination, budgeting, variance analysis, cost allocation systems and inventory control techniques used for routine and nonroutine management decisions.

    Prerequisite(s)


    ACC 202.

    Schedule Of Classes

  • ACC 310 - Accounting Information Systems

    ACC 310 - Accounting Information Systems

    3.00 credit hours

    An introduction to financial and managerial information systems. Topics include developing an understanding of the roles and responsibilities within the functions of accounting information systems, and understanding the relationship between events, financial reports and resultant managerial decisions.

    Prerequisite(s)


    ACC 317 or concurrent enrollment.

    Schedule Of Classes

  • ACC 317 - Intermediate Accounting I

    ACC 317 - Intermediate Accounting I

    3.00 credit hours

    Study and research of U.S. Generally Accepted Accounting Principles and their applications to financial accounting and financial statements. Additionally, the application of International Financial Reporting standards is explored with each topic. Topics covered include an in-depth study of cash, receivables and inventory.

    Prerequisite(s)


    ACC 202 and Junior standing.

    Schedule Of Classes

  • ACC 318 - Intermediate Accounting II

    ACC 318 - Intermediate Accounting II

    3.00 credit hours

    A continuation of Intermediate Accounting I. Topics covered provide an in-depth study of plant assets, intangible assets, investments, liabilities, stockholders' equity and earnings per share calculations.

    Prerequisite(s)


    ACC 317.

    Schedule Of Classes

  • ACC 319 - Intermediate Accounting III

    ACC 319 - Intermediate Accounting III

    3.00 credit hours

    A continuation of Intermediate Accounting II. Topics covered include an in-depth study of revenue recognition, pensions, leases, deferred taxes, disclosure requirements for business segments, cash flows statement and error analysis.

    Prerequisite(s)


    ACC 318.

    Schedule Of Classes

  • ACC 430 - Taxes I

    ACC 430 - Taxes I

    3.00 credit hours

    Basic concepts of federal income tax laws and their application in individual taxation. Topics include gross income, excluded income, deductions (business, non-business and employee), tax credits, depreciation, capital gains and losses, installment sales, nonrefundable credits and bad debts and losses. Students may not receive credit for both ACC 430 and ACC 530.

    Prerequisite(s)


    ACC 202 and Junior standing.

    Schedule Of Classes

  • ACC 470 - Auditing and Attestation

    ACC 470 - Auditing and Attestation

    3.00 credit hours

    A study of standards and procedures related to audit and attest engagements. Topics include the decision-making process, the internal control environment and the communications for the engagement. Students may not receive credit for both ACC 470 and ACC 570.

    Prerequisite(s)


    ACC 310, ACC 319 and BUS 241.

    Schedule Of Classes

Two of the following:
  • ACC 431 - Taxes II

    ACC 431 - Taxes II

    3.00 credit hours

    Basic concepts of federal income tax laws and their application primarily to business entities. Topics include corporations, corporate distributions, partnerships, securities and retirement plans, administrative procedures and S corporations. Students may not receive credit for both ACC 431 and ACC 531.

    Prerequisite(s)


    ACC 430.

    Schedule Of Classes

  • ACC 440 - Advanced Accounting

    ACC 440 - Advanced Accounting

    3.00 credit hours

    A study of accounting principles concentrating on the preparation of consolidated financial statements and related topics. Students may not receive credit for both ACC 440 and ACC 540.

    Prerequisite(s)


    ACC 319.

    Schedule Of Classes

  • ACC 460 - Accounting for Not-For-Profits

    ACC 460 - Accounting for Not-For-Profits

    3.00 credit hours

    A study of fund accounting as used by not-for-profit organizations such as government agencies, colleges, hospitals and charitable organizations. Students may not receive credit for both ACC 460 and ACC 560.

    Prerequisite(s)


    ACC 318.

    Schedule Of Classes

  • ACC 490 - Seminar: Financial Accounting

    ACC 490 - Seminar: Financial Accounting

    3.00 credit hours

    Topics in financial accounting with an emphasis on research and emerging issues. The nature of financial accounting standard setting and its implications provide a framework for the seminar topics and activities. Repeatable with different topic. Students may not receive credit for both ACC 490 and ACC 590.

    Prerequisite(s)


    ACC 319.

    Schedule Of Classes

Accounting, B.S.

For additional programs and courses in this department, see Accounting.

Additional Requirements for the B.S. Degree

  • CSC 140 - Fundamentals of Computational Problem Solving or higher-level CSC course

    CSC 140 - Fundamentals of Computational Problem Solving

    3.00 credit hours

    An introduction to computing focusing on problem solving, algorithm construction, data organization and program development using Python. Topics include basic programming fundamentals and constructs such as variables and assignment statements; arithmetic, relational and logical operators; decisions and loops; modularization with functions; files; and data structures such as lists and dictionaries. Prior programming experience is not required. This course does not count toward a major in computer science, but may apply to a minor. May not be taken after successful completion of any higher level computer science course.

    Prerequisite(s)


    MTH 121 (or concurrent enrollment) or higher or appropriate placement.

    Schedule Of Classes

  • MTH 152 - Calculus II

    MTH 152 - Calculus II

    3.00 credit hours

    Continuation of Calculus I with emphasis on integration and its applications. Required for the B.S. degree in any department.

    Prerequisite(s)


    MTH 141 or MTH 151.

    Core

    Mathematics.
    IAI

    M1 900

    Schedule Of Classes

    • One mathematics elective beyond MTH 152 or one computer science course beyond CSC 140 

One of the following:

  • BUS 446 - Operations Research

    BUS 446 - Operations Research

    3.00 credit hours

    An introduction to the application of mathematical models in managerial decision making. Includes statistical design theory, linear programming, the transportation problem, inventory models, the Markov process and queuing theory. Students may not receive credit for both BUS 446 and BUS 546.

    Prerequisite(s)


    BUS 362.

    Schedule Of Classes

  • ECN 445 - Econometrics

    ECN 445 - Econometrics

    3.00 credit hours

    This course provides exposure to the estimation and testing of economic models using statistical methods and appropriate empirical data. Emphasis is placed on model construction and the use of multiple linear regression for interpretation, analysis and forecasting.

    Prerequisite(s)


    ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Recommendations for the C.P.A. Examination

The C.P.A. Examination in Illinois requires completion of a Bachelor's degree and 150 credit hours. The following courses, while not required for the accounting major, are highly recommended for students preparing to take the C.P.A. examination:

  • BUS 305 - Business Transactions

    BUS 305 - Business Transactions

    3.00 credit hours

    A study of the structure associated legal implications for business transactions such as sales and leases, negotiable instruments and banking transactions, secured transactions, title transfers, labor agreements and bankruptcy, among other current topics. Special attention to ethical business practices related to such transactions is emphasized.

    Prerequisite(s)


    ACC 202 and BUS 205; BUS 296 recommended.

    Schedule Of Classes

  • COM 230 - Business and Professional Communication

    COM 230 - Business and Professional Communication

    3.00 credit hours

    This course focuses on developing the skills and strategies involved in written, face-to-face and electronic communication in professional settings. Students learn fundamentals of interviewing, writing and presenting in professional contexts and may investigate organizational communication practices such as performance feedback, training, meeting management and organizational identity.

    Prerequisite(s)


    One of COM 100, COM 200 or COM 214; Junior standing.

    Schedule Of Classes

Major Requirements

Common Business Core

  • ACC 201 - Accounting Principles I/Financial

    ACC 201 - Accounting Principles I/Financial

    3.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACC 202 - Accounting Principles II/Managerial

    ACC 202 - Accounting Principles II/Managerial

    3.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)


    ACC 201.

    Schedule Of Classes

  • BEN 110 - Business and Society

    BEN 110 - Business and Society

    3.00 credit hours

    An introductory course identifying the role of the business institution in our society. It serves as a background for other more focused business courses. Specifically, it will explore the major business activities that operate within the societal framework. It seeks to provide a basic understanding of what business arena is about, and how business behavior is shaped and influenced by its stakeholders—managers, consumers, employees, government and community members. Key topics to be covered in this course include: business systems, corporate governance, the business and society relationship, business and public issues, ethical dilemmas in business, corporate social responsibilities in relation to stakeholders, globalization, ecological and sustainability issues and the influence of technology on business and society. Students may not receive credit for both BEN 110 and BEN 310.

    Prerequisite(s)


    First-Year or Sophomore status.

    Schedule Of Classes

  • BUS 135 - Introduction to International Business

    BUS 135 - Introduction to International Business

    3.00 credit hours

    An introduction to the study of Globalization and Business. The course exposes the student to the broad issues of globalization; illustrates the advantages and disadvantages of globalization; relates globalization to culture, politics, ethics, labor, legal settings, geography and international organizations; and finally, provides the context of business as it operates globally.

    Schedule Of Classes

  • BUS 205 - Introduction to Business Law

    BUS 205 - Introduction to Business Law

    3.00 credit hours

    An introductory survey of the major aspects of the law governing business and commerce including the domestic and international legal environment, the range of dispute resolution processes, legal liability including business torts and crimes, contracts, employment law including employment discrimination, business entities focusing on corporations and general partnerships and intellectual property with particular attention to copyright and trademark law.

    Schedule Of Classes

  • BUS 241 - Business and Economic Statistics

    BUS 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • BUS 362 - Management and Organizational Behavior

    BUS 362 - Management and Organizational Behavior

    3.00 credit hours

    A study of management principles and functions in formal organizations. Setting objectives, planning, organizing, delegating, decision making, budget setting and controlling as practiced in for-profit and not-for-profit organizations.

    Prerequisite(s)


    ACC 201ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 368 - Principles of Marketing

    BUS 368 - Principles of Marketing

    3.00 credit hours

    The scope and methods of product development, pricing, distribution and promotion of goods and services by for-profit as well as not-for-profit organizations.

    Prerequisite(s)


    ACC 201, ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 475 - Business Strategy

    BUS 475 - Business Strategy

    3.00 credit hours

    An integrative course in business, dealing with strategic policy formulation and implementation, long-range planning and environmental scanning through the use of case analysis.

    Prerequisite(s)


    BUS 135, BUS 205, BUS 360, BUS 362, BUS 368, FIN 350 and Senior standing.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • ECN 252 - Macroeconomic Principles

    ECN 252 - Macroeconomic Principles

    3.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking and fiscal and monetary policies.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement; ECN 250 recommended.

    Core

    Social Science.
    IAI

    S3 901

    Schedule Of Classes

  • FIN 350 - Corporate Finance

    FIN 350 - Corporate Finance

    3.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital and capital budgeting.

    Prerequisite(s)


    ACC 201; ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Accounting Courses

  • ACC 307 - Cost Accounting

    ACC 307 - Cost Accounting

    3.00 credit hours

    Development of accounting information for management decisions. A study of several cost accounting systems, unit cost determination, budgeting, variance analysis, cost allocation systems and inventory control techniques used for routine and nonroutine management decisions.

    Prerequisite(s)


    ACC 202.

    Schedule Of Classes

  • ACC 310 - Accounting Information Systems

    ACC 310 - Accounting Information Systems

    3.00 credit hours

    An introduction to financial and managerial information systems. Topics include developing an understanding of the roles and responsibilities within the functions of accounting information systems, and understanding the relationship between events, financial reports and resultant managerial decisions.

    Prerequisite(s)


    ACC 317 or concurrent enrollment.

    Schedule Of Classes

  • ACC 317 - Intermediate Accounting I

    ACC 317 - Intermediate Accounting I

    3.00 credit hours

    Study and research of U.S. Generally Accepted Accounting Principles and their applications to financial accounting and financial statements. Additionally, the application of International Financial Reporting standards is explored with each topic. Topics covered include an in-depth study of cash, receivables and inventory.

    Prerequisite(s)


    ACC 202 and Junior standing.

    Schedule Of Classes

  • ACC 318 - Intermediate Accounting II

    ACC 318 - Intermediate Accounting II

    3.00 credit hours

    A continuation of Intermediate Accounting I. Topics covered provide an in-depth study of plant assets, intangible assets, investments, liabilities, stockholders' equity and earnings per share calculations.

    Prerequisite(s)


    ACC 317.

    Schedule Of Classes

  • ACC 319 - Intermediate Accounting III

    ACC 319 - Intermediate Accounting III

    3.00 credit hours

    A continuation of Intermediate Accounting II. Topics covered include an in-depth study of revenue recognition, pensions, leases, deferred taxes, disclosure requirements for business segments, cash flows statement and error analysis.

    Prerequisite(s)


    ACC 318.

    Schedule Of Classes

  • ACC 430 - Taxes I

    ACC 430 - Taxes I

    3.00 credit hours

    Basic concepts of federal income tax laws and their application in individual taxation. Topics include gross income, excluded income, deductions (business, non-business and employee), tax credits, depreciation, capital gains and losses, installment sales, nonrefundable credits and bad debts and losses. Students may not receive credit for both ACC 430 and ACC 530.

    Prerequisite(s)


    ACC 202 and Junior standing.

    Schedule Of Classes

  • ACC 470 - Auditing and Attestation

    ACC 470 - Auditing and Attestation

    3.00 credit hours

    A study of standards and procedures related to audit and attest engagements. Topics include the decision-making process, the internal control environment and the communications for the engagement. Students may not receive credit for both ACC 470 and ACC 570.

    Prerequisite(s)


    ACC 310, ACC 319 and BUS 241.

    Schedule Of Classes

Two of the following:
  • ACC 431 - Taxes II

    ACC 431 - Taxes II

    3.00 credit hours

    Basic concepts of federal income tax laws and their application primarily to business entities. Topics include corporations, corporate distributions, partnerships, securities and retirement plans, administrative procedures and S corporations. Students may not receive credit for both ACC 431 and ACC 531.

    Prerequisite(s)


    ACC 430.

    Schedule Of Classes

  • ACC 440 - Advanced Accounting

    ACC 440 - Advanced Accounting

    3.00 credit hours

    A study of accounting principles concentrating on the preparation of consolidated financial statements and related topics. Students may not receive credit for both ACC 440 and ACC 540.

    Prerequisite(s)


    ACC 319.

    Schedule Of Classes

  • ACC 460 - Accounting for Not-For-Profits

    ACC 460 - Accounting for Not-For-Profits

    3.00 credit hours

    A study of fund accounting as used by not-for-profit organizations such as government agencies, colleges, hospitals and charitable organizations. Students may not receive credit for both ACC 460 and ACC 560.

    Prerequisite(s)


    ACC 318.

    Schedule Of Classes

  • ACC 490 - Seminar: Financial Accounting

    ACC 490 - Seminar: Financial Accounting

    3.00 credit hours

    Topics in financial accounting with an emphasis on research and emerging issues. The nature of financial accounting standard setting and its implications provide a framework for the seminar topics and activities. Repeatable with different topic. Students may not receive credit for both ACC 490 and ACC 590.

    Prerequisite(s)


    ACC 319.

    Schedule Of Classes

Accounting Minor

For additional programs and courses in this department, see Accounting.

Minor Requirements

At least 18 credit hours in accounting, including:

  • ACC 201 - Accounting Principles I/Financial

    ACC 201 - Accounting Principles I/Financial

    3.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACC 202 - Accounting Principles II/Managerial

    ACC 202 - Accounting Principles II/Managerial

    3.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)


    ACC 201.

    Schedule Of Classes

  • ACC 317 - Intermediate Accounting I

    ACC 317 - Intermediate Accounting I

    3.00 credit hours

    Study and research of U.S. Generally Accepted Accounting Principles and their applications to financial accounting and financial statements. Additionally, the application of International Financial Reporting standards is explored with each topic. Topics covered include an in-depth study of cash, receivables and inventory.

    Prerequisite(s)


    ACC 202 and Junior standing.

    Schedule Of Classes

Finance Program and Degree Options

Finance, B.A.

For additional information and courses in this program, see Finance.

Major Requirements

Common Business Core

  • ACC 201 - Accounting Principles I/Financial

    ACC 201 - Accounting Principles I/Financial

    3.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACC 202 - Accounting Principles II/Managerial

    ACC 202 - Accounting Principles II/Managerial

    3.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)


    ACC 201.

    Schedule Of Classes

  • BEN 110 - Business and Society

    BEN 110 - Business and Society

    3.00 credit hours

    An introductory course identifying the role of the business institution in our society. It serves as a background for other more focused business courses. Specifically, it will explore the major business activities that operate within the societal framework. It seeks to provide a basic understanding of what business arena is about, and how business behavior is shaped and influenced by its stakeholders—managers, consumers, employees, government and community members. Key topics to be covered in this course include: business systems, corporate governance, the business and society relationship, business and public issues, ethical dilemmas in business, corporate social responsibilities in relation to stakeholders, globalization, ecological and sustainability issues and the influence of technology on business and society. Students may not receive credit for both BEN 110 and BEN 310.

    Prerequisite(s)


    First-Year or Sophomore status.

    Schedule Of Classes

  • BUS 135 - Introduction to International Business

    BUS 135 - Introduction to International Business

    3.00 credit hours

    An introduction to the study of Globalization and Business. The course exposes the student to the broad issues of globalization; illustrates the advantages and disadvantages of globalization; relates globalization to culture, politics, ethics, labor, legal settings, geography and international organizations; and finally, provides the context of business as it operates globally.

    Schedule Of Classes

  • BUS 205 - Introduction to Business Law

    BUS 205 - Introduction to Business Law

    3.00 credit hours

    An introductory survey of the major aspects of the law governing business and commerce including the domestic and international legal environment, the range of dispute resolution processes, legal liability including business torts and crimes, contracts, employment law including employment discrimination, business entities focusing on corporations and general partnerships and intellectual property with particular attention to copyright and trademark law.

    Schedule Of Classes

  • BUS 241 - Business and Economic Statistics

    BUS 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • BUS 362 - Management and Organizational Behavior

    BUS 362 - Management and Organizational Behavior

    3.00 credit hours

    A study of management principles and functions in formal organizations. Setting objectives, planning, organizing, delegating, decision making, budget setting and controlling as practiced in for-profit and not-for-profit organizations.

    Prerequisite(s)


    ACC 201ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 368 - Principles of Marketing

    BUS 368 - Principles of Marketing

    3.00 credit hours

    The scope and methods of product development, pricing, distribution and promotion of goods and services by for-profit as well as not-for-profit organizations.

    Prerequisite(s)


    ACC 201, ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 475 - Business Strategy

    BUS 475 - Business Strategy

    3.00 credit hours

    An integrative course in business, dealing with strategic policy formulation and implementation, long-range planning and environmental scanning through the use of case analysis.

    Prerequisite(s)


    BUS 135, BUS 205, BUS 360, BUS 362, BUS 368, FIN 350 and Senior standing.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • ECN 252 - Macroeconomic Principles

    ECN 252 - Macroeconomic Principles

    3.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking and fiscal and monetary policies.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement; ECN 250 recommended.

    Core

    Social Science.
    IAI

    S3 901

    Schedule Of Classes

  • FIN 350 - Corporate Finance

    FIN 350 - Corporate Finance

    3.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital and capital budgeting.

    Prerequisite(s)


    ACC 201; ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Finance Courses

  • FIN 400 - Investments and Portfolio Management

    FIN 400 - Investments and Portfolio Management

    3.00 credit hours

    A broad survey of investments and portfolio management. Topics include stock and bond market analysis and valuation, portfolio analysis and management, efficient markets, international financial markets and derivative securities.

    Prerequisite(s)


    FIN 350.

    Schedule Of Classes

  • FIN 425 - Financial Institutions

    FIN 425 - Financial Institutions

    3.00 credit hours

    A study of measuring and managing the risks faced by financial institutions. Topics include the organizational and regulatory structure of the financial services industry. The risks measured may include interest rate risk, market risk, credit risk, off-balance sheet risk, liquidity risk, insolvency risk, foreign exchange risk and sovereign risk. The risk management methods may include liability and liquidity management, deposit insurance and capital adequacy, product or geographic expansion, and the use of derivatives.

    Prerequisite(s)


    ECN 360 and FIN 350.

    Schedule Of Classes

  • FIN 450 - Advanced Corporate Finance

    FIN 450 - Advanced Corporate Finance

    3.00 credit hours

    The theory and practice of corporate finance. Study of selected topics in corporate finance including capital budgeting, capital structure and dividend policy, mergers and acquisitions and financial analysis and planning.

    Prerequisite(s)


    FIN 350.

    Schedule Of Classes

  • FIN 475 - Derivatives: Markets, Pricing and Applications

    FIN 475 - Derivatives: Markets, Pricing and Applications

    3.00 credit hours

    This course deals with financial instruments known as derivatives and their use in managing risk and creating leverage. The derivatives market consists of financial contracts in the form of options, forwards, futures, swaps, debt-related securities and many other types of related instruments. These contracts are used by corporations, investment funds, individuals and governments to control risk arising from fluctuating interest rates, exchange rates, stock prices and commodity prices. They are also used by investors and financial institutions to leverage investment positions. This course is designed to expand understanding of derivative related financial instruments and their use in investment and corporate financial management. Upon completion of the course, students will have a clear understanding of derivative markets, the theory of pricing derivative securities and the use of derivatives in practice.

    Prerequisite(s)


    FIN 350.

    Schedule Of Classes

  • ECN 360 - Money and Banking

    ECN 360 - Money and Banking

    3.00 credit hours

    An examination of the function of money, credit and financial institutions in the U.S. economy, and an analysis of Federal Reserve policy and its impact on the macroeconomy.

    Prerequisite(s)


    ECN 250 and ECN 252; or ECN 100.

    Schedule Of Classes

  • ECN 423 - Intermediate Microeconomics

    ECN 423 - Intermediate Microeconomics

    3.00 credit hours

    An economic analysis of consumers, firms and markets. Consumer theory includes indifference curve analysis with selected applications related to a wide range of consumer behavior. The costs and revenue decisions of the firm are analyzed within the context of standard assumptions about economic behavior.

    Prerequisite(s)


    ECN 250.

    Schedule Of Classes

  • ECN 427 - Intermediate Macroeconomics

    ECN 427 - Intermediate Macroeconomics

    3.00 credit hours

    An analysis of income, consumption, investment, interest and money in their relationships to the national economy, equilibrium and level of employment and prices.

    Prerequisite(s)


    ECN 250 and ECN 252.

    Schedule Of Classes

Finance, B.S.

For additional information and courses in this program, see Finance.

Additional Requirements for the B.S. Degree

  • CSC 140 - Fundamentals of Computational Problem Solving or higher-level CSC course

    CSC 140 - Fundamentals of Computational Problem Solving

    3.00 credit hours

    An introduction to computing focusing on problem solving, algorithm construction, data organization and program development using Python. Topics include basic programming fundamentals and constructs such as variables and assignment statements; arithmetic, relational and logical operators; decisions and loops; modularization with functions; files; and data structures such as lists and dictionaries. Prior programming experience is not required. This course does not count toward a major in computer science, but may apply to a minor. May not be taken after successful completion of any higher level computer science course.

    Prerequisite(s)


    MTH 121 (or concurrent enrollment) or higher or appropriate placement.

    Schedule Of Classes

  • ECN 445 - Econometrics

    ECN 445 - Econometrics

    3.00 credit hours

    This course provides exposure to the estimation and testing of economic models using statistical methods and appropriate empirical data. Emphasis is placed on model construction and the use of multiple linear regression for interpretation, analysis and forecasting.

    Prerequisite(s)


    ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

  • MTH 152 - Calculus II

    MTH 152 - Calculus II

    3.00 credit hours

    Continuation of Calculus I with emphasis on integration and its applications. Required for the B.S. degree in any department.

    Prerequisite(s)


    MTH 141 or MTH 151.

    Core

    Mathematics.
    IAI

    M1 900

    Schedule Of Classes

    • One mathematics elective beyond MTH 152 or one computer science course beyond CSC 140 

Major Requirements

Common Business Core

  • ACC 201 - Accounting Principles I/Financial

    ACC 201 - Accounting Principles I/Financial

    3.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ACC 202 - Accounting Principles II/Managerial

    ACC 202 - Accounting Principles II/Managerial

    3.00 credit hours

    Analysis of accounting for managerial decision-making, planning and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis.

    Prerequisite(s)


    ACC 201.

    Schedule Of Classes

  • BEN 110 - Business and Society

    BEN 110 - Business and Society

    3.00 credit hours

    An introductory course identifying the role of the business institution in our society. It serves as a background for other more focused business courses. Specifically, it will explore the major business activities that operate within the societal framework. It seeks to provide a basic understanding of what business arena is about, and how business behavior is shaped and influenced by its stakeholders—managers, consumers, employees, government and community members. Key topics to be covered in this course include: business systems, corporate governance, the business and society relationship, business and public issues, ethical dilemmas in business, corporate social responsibilities in relation to stakeholders, globalization, ecological and sustainability issues and the influence of technology on business and society. Students may not receive credit for both BEN 110 and BEN 310.

    Prerequisite(s)


    First-Year or Sophomore status.

    Schedule Of Classes

  • BUS 135 - Introduction to International Business

    BUS 135 - Introduction to International Business

    3.00 credit hours

    An introduction to the study of Globalization and Business. The course exposes the student to the broad issues of globalization; illustrates the advantages and disadvantages of globalization; relates globalization to culture, politics, ethics, labor, legal settings, geography and international organizations; and finally, provides the context of business as it operates globally.

    Schedule Of Classes

  • BUS 205 - Introduction to Business Law

    BUS 205 - Introduction to Business Law

    3.00 credit hours

    An introductory survey of the major aspects of the law governing business and commerce including the domestic and international legal environment, the range of dispute resolution processes, legal liability including business torts and crimes, contracts, employment law including employment discrimination, business entities focusing on corporations and general partnerships and intellectual property with particular attention to copyright and trademark law.

    Schedule Of Classes

  • BUS 241 - Business and Economic Statistics

    BUS 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • BUS 362 - Management and Organizational Behavior

    BUS 362 - Management and Organizational Behavior

    3.00 credit hours

    A study of management principles and functions in formal organizations. Setting objectives, planning, organizing, delegating, decision making, budget setting and controlling as practiced in for-profit and not-for-profit organizations.

    Prerequisite(s)


    ACC 201ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 368 - Principles of Marketing

    BUS 368 - Principles of Marketing

    3.00 credit hours

    The scope and methods of product development, pricing, distribution and promotion of goods and services by for-profit as well as not-for-profit organizations.

    Prerequisite(s)


    ACC 201, ECN 250 and BUS 241.

    Schedule Of Classes

  • BUS 475 - Business Strategy

    BUS 475 - Business Strategy

    3.00 credit hours

    An integrative course in business, dealing with strategic policy formulation and implementation, long-range planning and environmental scanning through the use of case analysis.

    Prerequisite(s)


    BUS 135, BUS 205, BUS 360, BUS 362, BUS 368, FIN 350 and Senior standing.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • ECN 252 - Macroeconomic Principles

    ECN 252 - Macroeconomic Principles

    3.00 credit hours

    Introduction to macroeconomic theory, with emphasis on factors which explain changes in national income, unemployment and inflation. Other topics include money and banking and fiscal and monetary policies.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement; ECN 250 recommended.

    Core

    Social Science.
    IAI

    S3 901

    Schedule Of Classes

  • FIN 350 - Corporate Finance

    FIN 350 - Corporate Finance

    3.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital and capital budgeting.

    Prerequisite(s)


    ACC 201; ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

Finance Courses

  • FIN 400 - Investments and Portfolio Management

    FIN 400 - Investments and Portfolio Management

    3.00 credit hours

    A broad survey of investments and portfolio management. Topics include stock and bond market analysis and valuation, portfolio analysis and management, efficient markets, international financial markets and derivative securities.

    Prerequisite(s)


    FIN 350.

    Schedule Of Classes

  • FIN 425 - Financial Institutions

    FIN 425 - Financial Institutions

    3.00 credit hours

    A study of measuring and managing the risks faced by financial institutions. Topics include the organizational and regulatory structure of the financial services industry. The risks measured may include interest rate risk, market risk, credit risk, off-balance sheet risk, liquidity risk, insolvency risk, foreign exchange risk and sovereign risk. The risk management methods may include liability and liquidity management, deposit insurance and capital adequacy, product or geographic expansion, and the use of derivatives.

    Prerequisite(s)


    ECN 360 and FIN 350.

    Schedule Of Classes

  • FIN 450 - Advanced Corporate Finance

    FIN 450 - Advanced Corporate Finance

    3.00 credit hours

    The theory and practice of corporate finance. Study of selected topics in corporate finance including capital budgeting, capital structure and dividend policy, mergers and acquisitions and financial analysis and planning.

    Prerequisite(s)


    FIN 350.

    Schedule Of Classes

  • FIN 475 - Derivatives: Markets, Pricing and Applications

    FIN 475 - Derivatives: Markets, Pricing and Applications

    3.00 credit hours

    This course deals with financial instruments known as derivatives and their use in managing risk and creating leverage. The derivatives market consists of financial contracts in the form of options, forwards, futures, swaps, debt-related securities and many other types of related instruments. These contracts are used by corporations, investment funds, individuals and governments to control risk arising from fluctuating interest rates, exchange rates, stock prices and commodity prices. They are also used by investors and financial institutions to leverage investment positions. This course is designed to expand understanding of derivative related financial instruments and their use in investment and corporate financial management. Upon completion of the course, students will have a clear understanding of derivative markets, the theory of pricing derivative securities and the use of derivatives in practice.

    Prerequisite(s)


    FIN 350.

    Schedule Of Classes

  • ECN 360 - Money and Banking

    ECN 360 - Money and Banking

    3.00 credit hours

    An examination of the function of money, credit and financial institutions in the U.S. economy, and an analysis of Federal Reserve policy and its impact on the macroeconomy.

    Prerequisite(s)


    ECN 250 and ECN 252; or ECN 100.

    Schedule Of Classes

  • ECN 423 - Intermediate Microeconomics

    ECN 423 - Intermediate Microeconomics

    3.00 credit hours

    An economic analysis of consumers, firms and markets. Consumer theory includes indifference curve analysis with selected applications related to a wide range of consumer behavior. The costs and revenue decisions of the firm are analyzed within the context of standard assumptions about economic behavior.

    Prerequisite(s)


    ECN 250.

    Schedule Of Classes

  • ECN 427 - Intermediate Macroeconomics

    ECN 427 - Intermediate Macroeconomics

    3.00 credit hours

    An analysis of income, consumption, investment, interest and money in their relationships to the national economy, equilibrium and level of employment and prices.

    Prerequisite(s)


    ECN 250 and ECN 252.

    Schedule Of Classes

Finance Minor

For additional information and courses in this program, see Finance.

Minor Requirements

18 credit hours, including:

  • ACC 201 - Accounting Principles I/Financial

    ACC 201 - Accounting Principles I/Financial

    3.00 credit hours

    An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

    Schedule Of Classes

  • ECN 241 - Business and Economic Statistics

    ECN 241 - Business and Economic Statistics

    3.00 credit hours

    This course is designed to provide students with the ability to apply and interpret descriptive and inferential procedures, probability distributions, statistical sampling and design, hypothesis testing and regression. Primary objectives are to improve the statistical capabilities of students as well as their abilities to apply statistical concepts in a business setting.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Mathematics.

    Schedule Of Classes

  • ECN 250 - Microeconomic Principles

    ECN 250 - Microeconomic Principles

    3.00 credit hours

    Introduction to the theory of consumer choice, social and individual welfare, the behavior of business firms under pure competition and monopoly and applied microeconomic topics.

    Prerequisite(s)


    MTH 121 or higher or appropriate placement.

    Core

    Social Science.
    IAI

    S3 902

    Schedule Of Classes

  • FIN 350 - Corporate Finance

    FIN 350 - Corporate Finance

    3.00 credit hours

    An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital and capital budgeting.

    Prerequisite(s)


    ACC 201; ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.

    Schedule Of Classes

    • Six additional credit hours in finance, at least three of which must be at the 400-level.

NOTE: This page contains all of the regular course descriptions for this discipline or program. Academic credit for each course is noted in parenthesis after the course title. Prerequisites (if any) and the general education requirements, both Core and All-College Requirements (ACRs), which each course fulfills (if any) are noted following each course description. Not all courses are offered every year. Check Merlin, our searchable course schedule, to see which courses are being offered in upcoming terms.

Accounting Courses

ACC 190 Topics in Accounting (1.00-3.00)
Topics vary depending on student interest and faculty expertise. Topics and prerequisites are normally announced in advance and placed in the online schedule of classes. May be repeated with different content.

ACC 201 Accounting Principles I/Financial (3.00)
An introduction to accounting principles and procedures as they are employed in the communication of financial information to various users, such as management, stockholders, and government agencies. Topics include accounting for assets, liabilities, owner's equity and other reporting issues.

ACC 202 Accounting Principles II/Managerial (3.00)
Analysis of accounting for managerial decision-making, planning, and control. Topics include budgeting, variance analysis, traditional and nontraditional product costing methods and cost-volume profit analysis. Prerequisite(s): ACC 201.  

ACC 290 Topics in Accounting (1.00-3.00)
Topics vary depending on student interest and faculty expertise. Topics and prerequisites are normally announced in advance and placed in the online schedule of classes. May be repeated with different content.

ACC 297 Internship (0.00-9.00)
Instructor consent required.

ACC 299 Independent Study (1.00-9.00)
Instructor consent required.

ACC 307 Cost Accounting (3.00)
Development of accounting information for management decisions. A study of several cost accounting systems, unit cost determination, budgeting, variance analysis, cost allocation systems, and inventory control techniques used for routine and nonroutine management decisions. Prerequisite(s): ACC 202.  

ACC 310 Accounting Information Systems (3.00)
An introduction to financial and managerial information systems. Topics include developing an understanding of the roles and responsibilities within the functions of accounting information systems, and understanding the relationship between events, financial reports and resultant managerial decisions. Prerequisite(s): ACC 317 or concurrent enrollment.  

ACC 317 Intermediate Accounting I (3.00)
Study and research of U.S. Generally Accepted Accounting Principles, and their application to financial accounting and financial statements. Additionally, the application of International Financial Reporting standards is explored with each topic. Topics covered include an in-depth study of cash, receivables, and inventory. Prerequisite(s): ACC 202 and Junior standing.  

ACC 318 Intermediate Accounting II (3.00)
A continuation of Intermediate Accounting I. Topics covered provide an in-depth study of plant assets, intangible assets, investments, liabilities, stockholders' equity and earnings per share calculations. Prerequisite(s): ACC 317.  

ACC 319 Intermediate Accounting III (3.00)
A continuation of Intermediate Accounting II. Topics covered include an in-depth study of revenue recognition, pensions, leases, deferred taxes, disclosure requirements for business segments, cash flows statement, and error analysis. Prerequisite(s): ACC 318.  

ACC 397 Internship (0.00-9.00)
Instructor consent required.

ACC 399 Independent Study (1.00-9.00)
Instructor consent required.

ACC 430 Taxes I (3.00)
Basic concepts of federal income tax laws and their application in individual taxation. Topics include gross income, excluded income, deductions (business, non-business, and employee), tax credits, depreciation, capital gains and losses, installment sales, nonrefundable credits and bad debts and losses. Students may not receive credit for both ACC 430 and 530. Prerequisite(s): ACC 202 and Junior standing.  

ACC 431 Taxes II (3.00)
Basic concepts of federal income tax laws and their application primarily to business entities. Topics include corporations, corporate distributions, partnerships, securities and retirement plans, administrative procedures and S corporations. Students may not receive credit for both ACC 431 and 531. Prerequisite(s): ACC 430.  

ACC 440 Advanced Accounting (3.00)
A study of accounting principles concentrating on the preparation of consolidated financial statements and related topics. Students may not receive credit for both ACC 440 and 540. Prerequisite(s): ACC 319.  

ACC 460 Accounting for Not-For-Profits (3.00)
A study of fund accounting as used by not-for-profit organizations such as government agencies, colleges, hospitals, and charitable organizations. Students may not receive credit for both ACC 460 and 560. Prerequisite(s): ACC 318.  

ACC 470 Auditing & Attestation (3.00)
A study of standards and procedures related to audit and attest engagements. Topics include the decision-making process, the internal control environment, and the communications for the engagement. Students may not receive credit for both ACC 470 and 570. ACR: Leadership, Ethics, & Values. Prerequisite(s): ACC 310, ACC 319 and BUS 241.  

ACC 480 Seminar: Managerial Accounting (3.00)
This course explores and analyzes advanced cost management issues faced by modern organizations. An emphasis is placed on emerging issues and their impact on the decision making process of organizations within today's business environment. Prerequisite(s): ACC 307 and BUS 241.  

ACC 490 Seminar: Financial Accounting (3.00)
Topics in financial accounting with an emphasis on research and emerging issues. The nature of financial accounting standard setting and its implications provide a framework for the seminar topics and activities. Repeatable with different topic. Students may not receive credit for both ACC 490 and 590. Prerequisite(s): ACC 319.  

ACC 497 Internship (0.00-9.00)
Instructor consent required.

ACC 499 Independent Study (1.00-9.00)
Instructor consent required.

Finance Courses

FIN 297 - Internship (0.00-9.00)
Instructor consent required.

FIN 299 - Independent Study (1.00-9.00)
Instructor consent required.

FIN 350 - Corporate Finance (3.00)
An introduction to corporate financial management. Topics include financial statement analysis, discounted cash flow analysis, bond and stock valuation, common stock/debt financing, risk and return, cost of capital and capital budgeting. Prerequisite(s): ACC 201; ECN 250; ECN 252; ECN 241 or MTH 341 and MTH 342.  

FIN 365 - Theory of Interest (3.00)
(Same as: MTH 365.) The study of compound interest and annuities; applications to problems in finance and actuarial science. Required for the major in actuarial science. Prerequisite(s): MTH 152 and FIN 350.

FIN 370 - Wealth Management (3.00)
This is a broad-based course in personal financial planning and personal finance intended for students interested in taking a first step toward careers in personal financial advising as well as students who seek to better manage their own financial affairs. Topics include the financial planning process, personal investing, mutual funds, retirement planning, tax planning, insurance planning, estate planning, investment advising, professional ethics and conduct and personal financial responsibility. Prerequisite(s): FIN 350.  ACR: Leadership, Ethics and Values.

FIN 385 - International Finance (3.00)
Theory and applications in the realm of financial decision making in the international sphere. Topics may include the global financial environment, foreign exchange risk management, financing international transactions and asset management including short-term and long-term multinational corporate finance decisions. Prerequisite(s): FIN 350.

FIN 390 - Seminar: Special Topics in Finance (1.00-3.00)
Topics vary depending on student interest and faculty expertise. Topics and prerequisites are announced in advance and placed in the course schedule. May be repeated with different content. Prerequisite(s): FIN 350 is normally required.

FIN 397 - Internship (0.00-9.00)
Instructor consent required.

FIN 399 - Independent Study (1.00-9.00)
Instructor consent required.

FIN 400 - Investments and Portfolio Management (3.00)
A broad survey of investments and portfolio management. Topics include stock and bond market analysis and valuation, portfolio analysis and management, efficient markets, international financial markets and derivative securities. Prerequisite(s): FIN 350.  

FIN 425 - Financial Institutions (3.00)
A study of measuring and managing the risks faced by financial institutions. Topics include the organizational and regulatory structure of the financial services industry. The risks measured may include interest rate risk, market risk, credit risk, off-balance sheet risk, liquidity risk, insolvency risk, foreign exchange risk and sovereign risk. The risk management methods may include liability and liquidity management, deposit insurance and capital adequacy, product or geographic expansion, and the use of derivatives.
Prerequisite(s): ECN 360 and FIN 350.

FIN 450 - Advanced Corporate Finance (3.00)
The theory and practice of corporate finance. Study of selected topics in corporate finance including capital budgeting, capital structure and dividend policy, mergers and acquisitions and financial analysis and planning. Prerequisite(s): FIN 350.

FIN 475 - Derivatives: Markets, Pricing and Applications (3.00)
This course deals with financial instruments known as derivatives and their use in managing risk and creating leverage. The derivatives market consists of financial contracts in the form of options, forwards, futures, swaps, debt-related securities and many other types of related instruments. These contracts are used by corporations, investment funds, individuals and governments to control risk arising from fluctuating interest rates, exchange rates, stock prices and commodity prices. They are also used by investors and financial institutions to leverage investment positions. This course is designed to expand understanding of derivative related financial instruments and their use in investment and corporate financial management. Upon completion of the course, students will have a clear understanding of derivative markets, the theory of pricing derivative securities and the use of derivatives in practice. Prerequisite(s): FIN 350. 

FIN 497 - Internship (0.00-9.00)
Instructor consent required.

FIN 499 - Independent Study (1.00-9.00)
Instructor consent required.

Accounting Faculty

David Gray

Associate Professor of Accounting; Chair of Accounting and Finance
ACC
630-637-5586
Suzanne Seymoure
Suzanne Seymoure

Associate Professor of Accounting
ACC
(630) 637-5587
Gerald Thalmann

Associate Professor of Accounting
ACC
630-637-5588
Dan Vitale
Dan Vitale

Assistant Professor of Accounting
ACC
(630) 637-5472

Finance Faculty

Patrick Gray

Half-Time Assistant Professor of Economics and Finance
ACC
630-637-5477
Najrin Khanom

Assistant Professor of Finance
ACC
Doh-Khul Kim

Associate Professor of Economics and Finance
ACC
630-637-5243

Faculty Emeriti

Joan M. V. Der
Professor of Accounting Emerita
jmder@noctrl.edu

Gerald D. Hamsmith
Professor of Accounting Emeritus
gdhamsmith@noctrl.edu

Daphne C. Lee
Associate Professor of Accounting Emerita
dclee@noctrl.edu

  • Accounting students should join the Student Accounting Society (SAS) and participate in Etiquette Night, mock interviews, panel discussions with practitioners, field trips to area businesses and the Chicago Board of Trade.
  • Accounting students can become a certified tax preparer and participate in the Volunteer Income Tax Assistance (VITA) program, providing free income tax assistance for low income families and individuals.
  • Finance students should join NCC Bulls & Bears Finance Club. This group provides a way to find out more about careers in finance and network with other finance students and professionals in the real world.
  • Any student can become a member of ENACTUS (formerly known as Students in Free Enterprise) and participate in real-life community projects, which are presented for judging by business executives. North Central’s ENACTUS team has won more awards than any other school in the Midwest and is one of the top teams in the country.
  • Pursue an internship for credit or work part-time to obtain valuable accounting experience. Our location offers you almost limitless possibilities!
  • Take a fall term off to study abroad in Costa Rica, London or Asia while still earning full credits.
  • After graduation, you’ll be poised to go on for a master’s degree with specialization in accounting, business administration, finance, information systems or other areas.
     

Accounting Scholarship Opportunities:
AICPA Scholarships
http://www.aicpa.org/BecomeACPA/Scholarships/Pages/default.aspx

IL CPA Scholarships
http://www.icpas.org/hc-students.aspx?id=2724

ASWA American Society of Women Accountants - Chicago Chapter Scholarships
http://www.aswachicago.org/scholarship-info

ACFE Association of Certified Fraud Examiners Scholarship
http://www.acfe.com/scholarship.aspx

Independent Accountants Association of Illinois Scholarships
http://www.illinoisaccountants.com/resources/scholarship

National Society of Accountants Scholarships
http://www.nsacct.org/Education/NSAScholarshipFoundation/ScholarshipApplicationGuidelines/tabid/7273/Default.aspx


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