Accounting & Finance

An examination of accounting from a generalist’s perspective designed to provide the non-business major an understanding of how accounting procedures and principles affect operating, investing, and financing decisions. This course focuses on accounting concepts and principles, accounts and financial statements, and evaluating business operations. Topics include current assets, long-lived assets, liabilities, and owner’s equity. This course will not fulfill degree requirements for management division programs.

The first of a two-course introductory financial accounting sequence that examines financial accounting from the viewpoint of preparers and users of financial statements. This course focuses on a basic introduction to Generally Accepted Accounting Principles along with the principles and concepts of recording, processing, and reporting accounting information. Topics include the accounting cycle, including financial statement preparation; merchandising operations, including inventory systems and cost flow assumptions; special journals; internal control systems; cash and bank reconciliations; and receivables and uncollectible accounts.

PREREQUISITE: ACCT2003. The second of a two-course introductory financial accounting sequence that examines financial accounting from the viewpoint of preparers and users of financial statements. This course focuses on a continuation of basic Generally Accepted Accounting Principles along with the principles and concepts of recording, processing, reporting, using, and analyzing accounting information. Topics include long-lived assets, current and long-term liabilities, partnership and corporate equity transactions, the statement of cash flows, and ratio analysis.

PREREQUISITE: ACCT2003. An examination of the internal uses of accounting information, this course focuses on the relationship between accounting data and management’s information needs in support of planning, controlling, motivating, and decision making. Topics include costing systems and behaviors; product costs, period costs, and overhead application methods; cost-volume-profit analysis; budgeting; standards and variance analysis; and managerial decision making.

PREREQUISITE: ACCT2004 A hands-on experience of the integration of technology into the accounting field. This course enables students to work through a complete accounting cycle using a commercial accounting software package. Topics include the preparation of accounting information and its subsequent uses, as well as the instruction of advanced skills needed to use spreadsheet software to prepare schedules commonly found in an accounting environment.

PREREQUISITE: ACCT2004 This introductory taxation course examines the basic income tax provisions of the federal Internal Revenue Code, with a particular focus on those provisions that affect the tax liabilities of individual taxpayers. This course focuses on some of the basic forms that must be submitted by taxpayers, recognition of present real world tax issues, planning strategies to ensure compliance with applicable law and regulations while minimizing the taxpayers’ exposure to liability, and the evaluation of the practical and ethical issues that may be encountered in implementing tax strategies.

PREREQUISITE: ACCT2004 This course examines the basic income tax provisions of the federal Internal Revenue Code, with a particular focus on those provisions applicable to partnerships, corporations, and other entities. This course focuses on choice of entity issues, tax accounting and procedural issues, planning strategies, and the evaluation of the practical and ethical issues that may be encountered in implementing tax strategies.

PREREQUISITE: ACCT2004 The first of a two-course in-depth financial accounting sequence that examines the foundations of accounting theory and practice from the viewpoint of preparers and users of financial statements. This course focuses on a detailed examination and application of Generally Accepted Accounting Principles as they relate to the asset side of the balance sheet. Topics include the more complex details and attributes of accounting conceptual framework, financial statements and required disclosures, time value of money, cash, revenue recognition, receivables, inventory, and long-lived assets.

PREREQUISITE: ACCT2004 The second of a two-course in-depth financial accounting sequence that examines the foundations of accounting theory and practice from the viewpoint of preparers and users of financial statements. This course focuses on a continuation of the detailed examination and application of Generally Accepted Accounting Principles as they relate to the liability and equity side of the balance sheet, along with the impact on the other financial statements. Topics include long-term debt, share-based compensation, earnings per share, leases, prior period adjustments, accounting changes, and the statement of cash flows.

PREREQUISITE: ACCT2013 Continuing to examine the internal uses of accounting information, this course focuses on the managerial roles of planning, controlling, motivating, and decision making. Topics include a detailed examination and application of internal costing systems, the master budget and responsibility accounting, inventory cost and capacity analysis, customer profitability analysis, allocation of common cost, and the costs of quality and time as components of the balanced scorecard.

PREREQUISITE: ACCT3012 A continued examination of Generally Accepted Accounting Principles, this course focuses on complex and specialized accounting topics along with the procedures required for professional accounting certification. Topics include business combinations, governmental, not-for-profit organizations, foreign currency transactions and advanced specialized accounting issued relating to investments, plant assets, and cash flows.

PREREQUISITE: ACCT3012 Providing a thorough knowledge of auditing, this course focuses on the application of auditing principles, the attest function, and Generally Accepted Auditing Standards (GAAS). Topics include auditing and assurance services, professional standards, engagement planning, management fraud and audit risk, internal control evaluation, employee fraud, and reports on audited financial statements.

A customized study of selected topics in the field of accounting. Students will be guided by a department faculty member to acquaint them with current issues in the profession.

A field experience in an accounting position, supervised by field instructor as well as college faculty. The internship is designed to increase understanding of accounting and the accounting-related issues and perspectives as they relate to the business and social environment.

A field experience in an accounting position, supervised by field instructor as well as a LRU faculty member. The internship is designed to increase understanding of accounting and the accounting-related issues and perspectives as they relate to the business and social environment.

The independent study is intended to give an opportunity to students with superior ability to pursue an area of study in accounting that is very specific in focus and/or not covered in existing offerings.

This course addresses the accountant's ethical and professional responsibilities when dealing with clients, perspective clients, field work, fellow employees, and within society itself. The student will be presented with numerous situations or case studies where an individual's ethical standards are challenged. Also addressed in the course is how a business's work environment can affect the ethical decision making of its employees.

This course examines the risk and control issues specific to the use of information systems in an organization and how these issues affect presentations on the financial statements. Students will analyze and evaluate accounting information systems that support business processes as well as management control and decision-making. Students will learn to determine and document user requirements, communicate results, and support decision-making. Also, students will develop the ability to identify key issues, analyze information, and formulate appropriate and feasible recommendations in regard to accounting information systems.

This course introduces the student to writings from books and journals that will impact the manner in which students perceive their careers, supervisors, and subordinates. While many of the readings are authored by people from the business world, writings from other fields relevant to the course topics may be used.

This course highlights controls that prevent fraud and abuse, explores the most common asset theft fraud schemes and teaches the skills needed to determine if inappropriate actions have occurred. It explores the prevailing theories of criminal behavior related to white collar crime, as well as the basics of the regulatory, criminal justice and civil justice systems, relevant federal and state statutes and regulations related to fraud. It also covers fraud prevention and investigation tools related to asset misappropriation.

This course focuses on detailed financial analysis of various corporate reports to determine if unusual trends appear. Bank fraud, money laundering and bankruptcy proceedings will be studied. Students will study the provisions of the Sarbanes-Oxley Act and distinguish the procedures of fraud investigation from the regular auditing process. This course would be intended to provide students with extended practical guidance and enhance an auditor's abilities to recognize, prevent, and detect financial frauds in organizations. Through case studies, this course will increase students' knowledge about fraud and help students develop the skills to conduct fraud investigations.

Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services. Wealthy individuals, small business owners, and families who desire the assistance of a credentialed financial advisory specialist call upon wealth managers to coordinate retail banking, estate planning, legal resources, tax professionals and investment management. This course introduces the student these areas of asset management by identifying various strategies and practices that best fit the aforementioned groups who need the skills of a professional financial manager.

This course will cover aspects of accounting that are unique to governmental and not-for-profit organizations. Financial reporting for state and local governments will be covered along with accounting for non-profit entities conducting business-type activities. In addition, regulatory, taxation and performance issues will be discussed. Reference is made to pronouncements of the AICPA, FASB, GASB and other authoritative sources.

PREREQUISITE: ACCT6050 This course will build upon the principles discussed in Wealth Management. Major topics and areas to be covered include cost of capital, capital budgeting, cash flow estimation, corporate valuation, capital structure, lease financing, hybrid financing, bankruptcy and working capital management.

PREREQUSITE: ACCT3001 OR ACCT3002 This course will enlighten the student about current tax topics being discussed in Congress or in the court system. An additional focus will be tax planning and compliance.

This course examines major international dimensions of financial accounting. Discussion will ensue in regard to national and cultural influences on accounting and on the accounting profession. This course investigates financial regulation and varying financial reporting standards in selected foreign countries. It also introduces students to managerial accounting issues raised by international businesses. Analysis and use of the International Accounting Standards are the focus. This course will enable students to acquire skills and perspectives for dealing with international accounting and business issues.

This course requires the masters students to apply their knowledge to a field work assignment assisting a business or businesses in solving accounting problems that the company is experiencing. Students will identify the organizations for their project and have them approved by the instructor. Their efforts will culminate in a written report and class presentation outlining the issues identified and the steps taken to solve each problem.

Independent study is intended to allow a student to pursue studies in advanced or special topics.

PREREQUISITE: ACCT2004 This course introduces the securities markets and examines the three traditional asset classes of cash, fixed income, and equity. Topics include modern portfolio theory, the relationship between risk and return, efficient markets, technical analysis, behavior finance, and ratio analysis.

PREREQUISITE: ACCT2004 This course introduces external sources and processes of finance. Topics include time value of money, term structure of interest rates, risk return trade-off, discounted cash flow, ratio analysis, weighted average cost of capital, and capital budgeting.

PREREQUISITE: FINC3032 This course provides an in-depth review of all aspects of commercial banking including their role within the economy and how the U.S. regulatory structure and risk factors impact operating performance. Topics include bank structure, regulations, managing interest and non-interest income, and managing interest rate, credit, and liquidity risks.

PREREQUISITE: ADMG1005 AND ACCT2004 This course will provide an understanding of various types of financial markets and institutions that exist and operate in the U.S. economy. Topics include the Federal Reserve System, Monetary Polcy, and Interest Rates along with the impact at all three have on the state of the economy.

PREREQUISITE: FINC3032 AND MATH1040 This course will provide an understanding of the insurance industry that operates within the U.S. economy. Topics include the types of insurance, regulation, and risk-handling tehcniques such as diversification and hedging.

SIE & Series 7 Prep Program will cover topics related to the SIE (Securities Industry Essentials) exam and the Series 7 exam. Both exams are required to earn a General Securities Representative Exam license. Students are eligible to take the SIE exam prior to graduation, whereas sponsorship employment is required to sit for the Series 7 exam. On-line course materials provided by Securities Training Corporation will be available to the student up to one year after completion of the course. SIE portion of the license is valid for four years. All business majors are eligible for this course. This course is not affiliated with FINRA, the SIE and Series 7 exam provider, and does not exempt students from the examination eligibility requirements.

PREREQUISITE: FINC3031 --or-- FINC3032 --or-- FINC4020. Fi-SOLVE Applied Investments (Finance Student Operated Laboratory Venture) is an interactive experience where students collaborate as portfolio managers to construct and manage a portfolio of funds provided by La Roche University, Academic Affairs. Additionally, students will study an alternative asset class and explore an advanced topic within the investments arena.

PREREQUISITE: FINC3032 The course will reinforce and extend the principles and concepts introduced in FINC3032 - Financial Management. Topics include corporate valuation, working capital managment, and strategics decision making, along with the decisions faced by corporate managers as they assess the value of various investment and financial strategies.

PREREQUISITE: FINC3032 This course examines both residential and commerical real estate sectors. Topics include fixed and alternative mortgage instruments, federal regulation, secondary mortgage market, loan sizing, and commercial real estate valuation.

A field experience in a finance position, supervised by a field instructor as well as college faculty. The internship is designed to increase understanding of finance and the finance-related issues and perspectives as they relate to the business environment.

A field experience in a finance position, supervised by a field instructor as well as college faculty. The internship is designed to increase understanding of finance and the finance-related issues and perspectives as they relate to the business environment.