BS/MBA Professional Accounting
The B.S./M.B.A. Professional Accounting program offers students an option to complete a CPA licensure qualifying curriculum and is structured to meet the requirement in accordance with the regulations of the State of New York. The successful completion of the five-year program leads to two degrees: a B.S. and MBA in Professional Accounting. The program consists of a total of 153 hours in undergraduate and graduate credits, planned over a five-year period, including coursework during ten semesters and one summer session.
The program is designed to increase students’ awareness of the multifunctional aspects of business and enhance their ability to integrate business knowledge in decision making.
The initial admission into the O'Malley School of Business follows the institution’s admissions processes. Students are encouraged to apply to the 5th-year MBA program during the summer before their senior year. Applications from seniors will be accepted.
O'Malley School of Business seniors who have earned an overall GPA of at least 3.0 can, with permission of the MBA Program Director and their academic adviser, take select MBA courses.
|ENGL 110||First Year Composition||3|
|MATH 153||Linear Mathematical Analysis||3|
|MATH 154||Calculus for Business Decisions||3|
|PSYC 203||Introduction to Psychology I||3|
|RELS 110||The Nature and Experience of Religion||3|
|CIS 110||Introduction to Information Systems||3|
|ACCT 201||Principles of Accounting I||3|
|ACCT 202||Principles of Accounting II||3|
|SOC 201||Introduction to Sociology||3|
|BUAN 227||Business Statistics||3|
|ENGL 211||Written Communication||3|
|MGMT 201||Introduction to Management||3|
|MKTG 201||Essentials of Marketing||3|
|LAW 203||Business Law I||3|
|MGMT 307||Operations and Quality Management||3|
|ECON 305||Money and Banking||3|
|Arts or Science Electives||6|
|RELS Elective A||3|
|ACCT 301||Intermediate Accounting I||3|
|ACCT 302||Intermediate Accounting II||3|
|ACCT 303||Cost Accounting||3|
|ACCT 350||Accounting Information Systems||3|
|LAW 304||Business Law II||3|
|MGMT 406||Strategic Management||3|
|FIN 301||Principles of Business Finance||3|
|Arts or Science Elective||3|
|RELS Elective B||3|
|ACCT 405||International and Advanced Issues in Accounting||3|
|ACCT 409||Federal Income Taxation I||3|
|ACCT 410||Federal Income Taxation II||3|
|MBAP 710||Professional Ethics||3|
|Two of the following courses:||6|
|Accounting Theory and Research|
|Reading/Cases in Financial Reporting|
|ACCT 609||Information Technology Assurance and Audit||3|
|ACCT 610||Governmental and Not-for-Profit Accounting||3|
|MBAC 617||Decision Modeling with Spreadsheets||3|
|MBAC 618||Financial Management||3|
|MBAC 622||Leadership and Organizational Behavior||3|
|MBAC 635||Managerial Economics||3|
|MBAC 637||Marketing Strategy and the Consumer Experience||3|
|MBAP 720||Advanced Strategic Management||3|
Total Credits: 153
MBA Capstone Courses
MBAP 710. Professional Ethics. 3 Credits.
This is an advanced business ethics course that uses readings and case studies to explore issues in the management of ethics in organizations and in the professions. The course requires students to examine the recurring ethical issues in the world of business, in the professions and in society as a whole. Emphasis is placed on students gaining a practical understanding of ethical theories and the application of these theories in ethical decision-making. A primary focus of the course is challenging students to analyze and resolve the kinds of moral problems and ethical dilemmas they may face in their own business, professional, or personal lives.
MBAP 720. Advanced Strategic Management. 3 Credits.
Students will tackle problems related to the development or maintenance of the competitive advantage of the firm. Readings and cases by leading researchers and practitioners in the field are used to provide real context in developing the tools and skills required for strategic analysis. Students will also examine processes, models and theories for strategic planning.
MBA Core Courses
MBAC 611. Advanced Data Analysis. 3 Credits.
Decision makers require rigorous support from extensive data analysis. This course provides you with several tools to prepare, analyze, and present the results of data analysis. These tools cover topics in data design and visualization, exploratory data mining and basic machine learning, probability, sampling and statistical inference, traditional and robust regression, Monte Carlo simulation and bootstrapping, and decision optimization. Tools will be built in Excel and R, an open source programming language in wide use. They will be applied across an organization's value chain to problems of inventory, market share, pricing, budgeting and forecasting, and risk management, among other topics. Prerequisite: MBAF 510 or equivalent.
MBAC 613. Fundmtl Anlys Forecst Val&Risk. 3 Credits.
This course examines the use of financial statements for forecasting, building valuation models and analyzing security risk. It combines theoretical accounting and finance models with practical problems, cases and Excel applications. Recent turmoil in financial markets emphasizes the importance of rigorous, fundamental analysis in pricing debt and equity securities beyond simple valuation ratios or market momentum.
MBAC 616. Stock Market & Corp Valuation. 3 Credits.
Financial markets have existed since ancient civilization. The Aztecs held worth in the Cacao bean, the ancient Egyptians in metal, and the ancient Chinese in silk. Markets were necessary so that people could trade their assets for others that were needed or desired. With an increasing complexity, financial markets continue to exert a powerful presence in our lives and are central to the functioning of our economy. What shape do assets take in the modern economy? What role do financial markets play and how do they function? How are assets such as stocks and bonds priced in these markets? This course introduces the main financial principles necessary to understand the role of financial markets today.
MBAC 617. Decision Modeling with Spreadsheets. 3 Credits.
Spreadsheet packages have changed the way business executives make strategic decisions. Decision makers increasingly rely on sophisticated quantitative analysis through the intuitive and comfortable environment offered by computerized spreadsheet packages. This course is designed to introduce MBA students to quantitative modeling for strategic decision-making using the popular spreadsheet package, Microsoft Excel. The course covers applications for various business areas including finance, marketing, and operations. Applications include break even analysis, cash flow analysis, pricing models, revenue management, project management, portfolio analysis, supply chain management, and channel selection. Though the course covers the use of a spreadsheet package, the focus is not on the technicalities of the software. The course focuses on the process of understanding, structuring, and solving business issues as well as interpretations of solutions.
MBAC 618. Financial Management. 3 Credits.
This course focuses on the role of the financial manager as decision maker. The first half of the course, therefore, deals with the tools of the trade: It defines the financial environment and its diagnostics system, the analysis of financial statements. It then studies the interest rates and time value of money in connection with the characteristics of discounted cash flow method of asset valuation. The second half of the course involves in dynamic financial management: building a discussion of the relationship between risk and return will be followed by the bonds and stocks as financial assets and their valuation. Finally, the capital budgeting and basic long-term financing including the impact of financial leverage on firm value will be covered. Permission of MBA Program Director is required to register for this course.
MBAC 621. Reading/Cases in Financial Reporting. 3 Credits.
The purpose of this course is to explore case studies in financial accounting. The case studies will present a variety of scenarios including issues of fraud and corruption in the post Enron era. Students will be fully involved in the understanding of the legislation and the roles of regulatory bodies both in the US and in foreign countries. The course will provide a mixture of theory and practice and will introduce students to analytical problem solving using the case method.
MBAC 622. Leadership and Organizational Behavior. 3 Credits.
This course uses a behavioral science approach to help students gain an understanding of leadership and its impact on the organizational behavior of individuals. Students will examine leadership theories, learn about current research findings, investigate examples of leadership in practice, and engage in developmental activities to evaluate and enhance their leadership skills.
MBAC 624. Going Global: Business and Society. 3 Credits.
In a globally integrated economy, it is imperative that we investigate and understand mult-disciplinary and mulit-dimensional perspectives to global business issues. In this course, we examine how doing business globally has become incredibly viable and challenging at the same time. We explore economic, social, cultural and technological issues in the context of a diverse global environment. For example, we investigate Facebook in emerging economics (i.e: the push back on free internet for all), Netflix in Kenya (i.e: streaming entertainment without local censorship), Apple (i.e: personal security versus national security), Uber (i.e.: the shared economy and employee rights) and more.
MBAC 626. Environmental Economics and Policy. 3 Credits.
An introductory study of the way economists model environmental problems. The course starts with an overview of externalities, public goods, and common-pool resources, encompassing situations in which the market fails to maximize total welfare for society. The course explores the economics of environmental quality focusing on marginal damages and marginal abatement costs of pollutants. Subsequently, it covers cost-benefit analysis, an important framework used by environmental economists to assess environmental policies. To estimate benefits, different valuation methods including revealed and stated preference methods, will be examined. The course concludes studying various environmental policy instruments used to internalize environmental externalities, including standards, emission charges, Pigouvian taxes, subsidies, and cap-and-trade. (Prerequisites: MBAF 530 and MBAF 510 or equivalent undergraduate courses).
MBAC 631. Innovation Management. 3 Credits.
This course will examine the path of creation of new products, new ideas and new management styles. The course will include examination of styles of organization for team development and creativity, development of creative human resource practices and learning conflict management practices to encourage team building and interpersonal cooperation.
MBAC 632. Industrial Organization. 3 Credits.
The first part of the course develops standard mathematical models of firm competition, including perfect competition, monopoly and several oligopoly models with homogeneous and differentiated products. The second half of the semester will expand upon the standard models using businesses applications that lead to improved profitability, such as entry deterrence, R&D, advertising, and marketing.
MBAC 633. Managing/Marketing Service Business. 3 Credits.
This course is designed for students to gain knowledge and learn skills needed to design and develop quality service and implement delivery and recovery of service. They will also learn to develop and analyze strategies for establishing competitive advantage in the service sector. This course examines marketing and managerial issues facing service organizations using an integrative framework in which people, technology, and strategy are linked. Since services have a strong people component, internal and interactive marketing as well as traditional marketing issues will be emphasized in this course. Close relationships and necessary coordination between marketing and other function units in the organization will be examined.
MBAC 634. Global Economic Environment. 3 Credits.
This course considers the evolution of the legal and political institutions that support national economies throughout the world. Comparisons are drawn between systems with varying degrees of state control over the economy. The role of international economic organizations, such as the IMF and the WTO, in shaping economic policy is also discussed.
MBAC 635. Managerial Economics. 3 Credits.
Managerial Economics introduces the students to the application of economic principles to key management decisions within organizations. MBAC 635 consists of three parts. Part I examines the theory of demand and the relevant estimation and forecasting techniques. Part II introduces the economic theories of production and cost in the short and long run. Finally, part III combines all the elements of demand, production, and cost as we examine the notion of profit maximization and pricing strategy in case of perfectly and non-perfectly competitive markets. This course teaches future managers how to apply theories and techniques to solve real-world problems and how to think analytically to make better decisions. Thus, this course provides future managers with the conceptual and quantitative tools for analyzing problems and developing strategies at their business. Prerequisite: MBAF 530 or equivalent.
MBAC 636. Supply Chain Analysis. 3 Credits.
Supply chains are an integral part of contemporary business practices. This course will examine key issues related to the design and management of supply chains. It will include discussion on the integration of various parts of the supply chain, including suppliers, manufacturing facilities, distribution centers, warehouses and retailers. Theories related to the efficient distribution of products to customers will be presented. Also, management techniques addressing tradeoffs between cost and services will be discussed. The use of information systems in supply chain management will be introduced. Much of the course concepts will be covered through real-word case studies using quantitative and qualitative analysis. Prerequisite: MBAF 540 or equivalent.
MBAC 637. Marketing Strategy and the Consumer Experience. 3 Credits.
The objective of this course is to facilitate students' understanding of basic concepts and to enhance their appreciation for the importance of marketing strategies. The course focuses on the impact of marketing strategy and research on the operations of organizations, and on the behavior of consumers. The topics engage students in experiential activities designed to demonstrate the implementation of marketing theories. Topics include marketing processes and research; international and global marketing; strategic planning and budgeting; economic, cultural and legal aspects of marketing; and topical developments in marketing. Permission of MBA Program Director is required to register for this course.
MBAC 638. Markets, States, and Policies in the Global Economy. 3 Credits.
This course focuses on the study of large-scale economic interactions among interdependent economies. It provides a deep exploration of the interconnections among nations which is essential to understanding how the global economy works. Those interconnections are analyzed by focusing on key economy-wide variables, such as exchange rates, prices, interest rates, income, wealth, and the current account.
The broad range of topics and issues in international macroeconomics can be reduced to three key elements: the many monies present in the world, the financial integration of countries, and the choice and implementation of economic policies. Accordingly, the course is divided into three major parts or study modules: exchange rates, the balance of payments, and application and policy issues.
Course Prerequisites: ECON 203 and ECON 204, or MBA Foundation of Economics (MBAF 530).
MBA Elective Courses
MBAL 642. International Marketing Field Project. 3 Credits.
A team of MBA students will work on specified research tasks commissioned by a business client under the direct supervision of a faculty advisor to produce professional quality research reports which will assist the client firm in conducting international marketing and business. Students will gain field-based substantive knowledge and valuable professional skills necessary for conducting business in the international market place.
MBAL 644. Employment Law. 3 Credits.
This course will examine the statutory foundations of employment law in the United States and address a variety of legal issues related to the workplace. Consideration will be given to the rights and responsibilities of employers and employees throughout the employment relationship. Topics to be discussed will include principal-agent liability, the doctrine of employment at will, employee privacy, and the history and development of labor unions. Other employment issues will include employment discrimination, workers’ compensation, occupational safety and health and the hiring and termination process. The enforceability of confidentiality, non-competition and other restrictive covenants in employment agreements will be addressed.
Also courses not used to fulfill experiential or core requirements may be used as electives.
MBAL 645. Special Topics in Business. 3 Credits.
Advanced and special topics in business. Topics may vary from semester to semester. Information about the course will be available prior to registration.
May be repeated for additional credit as long as the topic presented is substantially different than a previously taken special topics class.
MBAL 646. Project Management. 3 Credits.
Application and integration of the project management body of knowledge (PMBOK) areas to managing projects. Focuses on project management tools and techniques for defining and managing the projects goal, scope, schedule, and budget. Oter topics include quality management, risk management, knowledge management and managing high tech projects.
MBAL 647. International Management Field Project. 3 Credits.
A team of MBA students will work on specified research tasks commissioned by a client under the direct supervision of a faculty advisor to produce professional quality research reports which will assist the client to achieve its goals in an international setting. Students will gain field-based substantive knowledge and valuable experiential professional skills necessary for being successful in a global setting.
MBA Experiential Courses
MBAE 495. Summer MBA Research. 3 Credits.
MBAE 601. Internship. 3 Credits.
Students will receive guidance in securing an appropriate internship and must obtain faculty sponsorship. Faculty supervisors will define appropriate academic activities in parallel to the work requirement in order to provide a complete internship experience.
MBAE 602. Research. 3 Credits.
Faculty supervisors will direct complete research activities. These activities may focus on specific industries and can build on students' internship experiences.
MBAE 603. Entrepreneurship. 3 Credits.
This course will encompass the creation and planning of a new business, which helps the economy by creating new jobs, which becomes jobs of the future. Included within thes focus would be analysis of both for-profit and non-profit organizations (i.e. foundations, charitable organizations, community organizations and hybrid firms which employ social entreneurship) Topics of social and corporate responsibility feed into the increased awareness of sustainability. Subsumed within this course are the core management functions tailored to small business. Included topics discussed from an interdisciplinary point of view are: MGMT, MKTG,FIN, ACCT, Leadership and Human Resources, Operations, Strategic Planning, Organization and Control.
MBAE 604. Business Plan Project A and B. 1,2 Credit.
Business Plan A is structured to give the students the opportunity to create a research plan for the company project. All avenues of research - both primary and secondary must be considered for the research plan. Once the project has been delivered - research plan will be put into process.
Business Plan B is structured to have the students provide a deliverable to an outside business client and follows the work done in Business Plan A. The deliverable may include a feasibility study, segmentation analysis, target market analysis, preferred product attributes, product packaging and a business plan.
MBAE 606. Doing Business:Study Trip. 3 Credits.
This is a unique course in which students spend 9-12 days abroad. The destination changes semester to semester. The objective of the course is to understand the designated Country’s unique place in the global economy and how businesses operate within that Country. The structure of the course is arranged around three main elements: onsite visits to local businesses to understand the way in which businesses operate; learning sessions in which local businessmen, politicians, intellectuals, and social activists discuss contemporary issues and problems relating to their economy and business environment. The experience also includes some tourism to explore the rich history and culture of each Country. Upon return from the Country, students complete a firm based project or consulting work. Such an experience is of critical importance to a well-rounded MBA graduate.
MBAE 607. Business Plan Project. 3 Credits.
Individual students or student-teams of 2 to 3 members will be paired with an entrepreneur or small business owner for the term. Each owner will have a pressing business problem or issue that needs to be addressed. The student/team will work with the owner and provide a deliverable that addresses the problem or issue. The deliverable may include a feasibility study, segmentation analysis, target market analysis, preferred product attributes, product packaging and a business plan.
Note: This course is the one term equivalent of courses MBAE604A/B.
Students who have taken either MBAE604A or B are not eligible to take MBAE607.
MBA Foundation Courses
MBAF 510. Foundations of Business Statistics. 3 Credits.
The objective of this course is to familiarize students with statistical data analysis methods and the corresponding computing tools and techniques. The topics of the course are exploratory data analysis, discrete and continuous probability distributions for the purpose of statistical data analysis, interval estimation of population means and proportions, hypothesis testing of population means and proportions and one-way analysis of variance of population means, linear regression modeling, analysis and prediction and time-series forecasting.
This course is designed to meet a prerequisite of the MBA program. The course is open to students who have completed an undergraduate degree in a field other than business. Permission of MBA program director is required.
MBAF 520. Foundations of Financial and Managerial Accounting. 3 Credits.
The course introduces fundamental principles of accounting and demonstrates their use in financial and managerial reporting for business organizations. It emphasizes the four financial statements produced by the accounting information system and the concepts governing their preparation. It covers the relevant components of the annual report providing additional information to investors. It emphasizes the analysis of financial statement ratios. Managerial accounting topics include costing methods, cost-volume-profit analysis, budgetary planning and control, and standard costs. The course introduces ethical issues in accounting for analysis and discussion.
This course is designed to meet a prerequisite of the MBA program. The course is open to students who have completed an undergraduate degree in a field other than business. Permission of MBA program director is required.
MBAF 530. Foundations of Economics. 3 Credits.
This course provides an introductory study of both microeconomics and macroeconomics. Microeconomics studies the behavior of individual households and firms in the marketplace, with topics including supply and demand, economic efficiency and welfare, the role of the government, and international trade. Macroeconomics covers the economy as a whole and is largely concerned with the level of output and prices in an economy. Topics include inflation and unemployment, money and banks, the role of the federal budget, monetary policy, and economic growth.
This course is designed to meet a prerequisite of the MBA program. The course is open to students who have completed an undergraduate degree in a field other than business. Permission of MBA program directory is required.
MBAF 540. Foundations of Organizational and Operational Management. 3 Credits.
In this course, principles of management are introduced and how they are applied in organizations so that they may operate more effectively and/or efficiently. It is split into two parts beginning with broad concepts before moving on to more specific and quantitative topics. The course begins with classical theories on management, ethical behavior, innovation, teamwork, business strategy, and international business before moving on to the 2nd half of the course that will focus more on optimization. In this second part, decision-making will be based on calculations towards maximizing profit and/or minimizing cost. Topics include outsourcing, forecasting, statistical quality control, project management, queuing, linear programming, and inventory control.
This course is designed to meet a prerequisite of the MBA program. The course is open to students who have completed an undergraduate degree in a field other than business. Permission of MBA program director is required. Prerequisite: MBAF 510 or equivalent.