Corporate Accounting and Finance

Corporate Accounting and Finance Major Requirements

Learn more about this major

Degree Requirements - 124 credits

Students can earn a bachelor of science in business administration with this major. See the requirements for the bachelor of science in business administration degree.

The BSBA in Corporate Accounting and Finance requires completion of a minimum of 24 credit hours in accounting and finance. A cumulative grade point average of at least 2.0 in the corporate accounting and finance major and a cumulative grade point average of 2.0 overall must be maintained to graduate. 

Required Courses (7 courses, 21 credits)

Students are to complete all seven (7) courses from the list below.

Prerequisites:

ACCT-201 and ACCT-202 and Junior standing

Credits:

3.00

Description:

Reviews basic financial accounting concepts and examines selected balance sheet and income statement items. The focus of this communication intensive course is on the valuation and reporting of current and non-current assets and liabilities and the income determination aspects of these items.

Prerequisites:

ACCT-321 with a minimum grade of C

Credits:

3.00

Description:

Continues to examine selected balance sheet and income statement items. The focus of this communication intensive course is on the valuation and reporting of investments and stockholders' equity and the income determination aspects of these items. Also considers special topics such as pensions leases deferred taxes and cash flows.

Prerequisites:

ACCT-202

Credits:

3.00

Description:

Explores concepts and procedures underlying the development of a cost accounting system for managerial decisions control and performance reporting. Introduces the basic ideas of responsibility accounting.

Prerequisites:

ACCT-322 and FIN-311. Senior Standing.

Credits:

3.00

Description:

In this capstone course students will learn in greater depth how to use financial and cost accounting information and financial theories and principles to evaluate firm performance develop long-term plans and reach optimal financial decisions. Core elements include enhancing critical thinking skills enhancing written and oral communication skills and providing students practice in forming and expressing opinions and anticipating and managing ethical conflicts. Students will be given the opportunity to apply their knowledge and skills to real business situations and to understand the analytical frameworks that can be consistently directed to evaluate corporate decisions.

Prerequisites:

FIN-200

Credits:

3.00

Description:

Intermediate Finance expands on basic financial concepts and introduces more advanced topics. Material emphasizes solutions to problems of capital structure investment and financing. Other major topics include distribution policy working capital management derivative corporate securities and corporate restructuring.

Prerequisites:

FIN-311 or permission of instructor and Junior standing

Credits:

3.00

Description:

This course develops the practical techniques and decision rules in the evaluation and selection of long-term investment projects. Teaching is oriented towards discussion of readings and case studies. Readings should provide students with understanding of capital budgeting techniques and case studies should allow them to apply the techniques to real-world problems with the help of the computer.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course covers the financing investment and working capital management process of multinational corporations considering such variables as exchange risk political risk accounting regulations and tax laws.

Elective Course (1 course, 3 credits)

Choose one (1) from the following list:

Prerequisites:

FIN-200 and ACCT-321

Credits:

3.00

Description:

Explores economic political and cultural variables that shape accounting and disclosure in various countries. Students gain an understanding of international financial reporting standards and the forces for convergence between IFRS and US GAAP. Presents financial analysis in a multi-financial context.

Prerequisites:

ACCT-202

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation including the individual tax formula income deductions and credits and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Prerequisites:

ACCT-320

Credits:

3.00

Description:

This course will develop the student's understanding of tax law for business entities including corporation and pass-through structures. In this course we will explore the unique features of both types of entities, their tax implications, impacts on business decision-making, and other attributes through the use of problems and cases.

Prerequisites:

ACCT-331

Credits:

3.00

Description:

Studies accounting principles unique financial reporting (such as fund accounting) and budgetary control in government agencies and charitable healthcare educational and other not-for-profit organizations.

Prerequisites:

ACCT-322 and ISOM-210

Credits:

3.00

Description:

Introduces the design operation and use of accounting information systems. Examines the functional relationships of the AIS within an organization. Provides a background in automated data processing along with the important human and organizational considerations in system design and implementation.

Prerequisites:

ACCT-321 and ACCT-331

Credits:

3.00

Description:

Provides an introduction to the field of auditing with a concentration in auditing historical financial statements in accordance with generally accepted auditing standards and some exposure to auditing the internal control over financial reporting of large public companies. Covers the environment standards regulation and law of auditing in the US with some exposure to the international environment. Covers audit planning risk and material assessments audit evidence evaluation of internal control documentation and audit reports.

Prerequisites:

ACCT-321 (may be taken concurrently)

Credits:

3.00

Description:

This course is designed to accompany a pre-professional or professional experience (internship part-time or full-time employment) of at least 160 hours that the student has pre-arranged for the current semester. It is designed to enhance the student's experience by developing the student's professional acumen research skills and understanding of the business environment in which s/he is working. Input from the employer is expected at designated stages of the experience. On-campus class sessions will only be held at the start and end of the semester. All other course related meetings will take place virtually. Successful completion of this course satisfies the Accounting Department's practicum requirement (ACCT 560). Registration is only permitted with permission of the instructor.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course covers the investment of funds by individuals and institutions. Focuses on analysis of investments and security markets and the mechanics of trading and investing. A variety of investment vehicles are discussed including stocks bonds futures and options.

Prerequisites:

EC-101 and EC-102 and Junior standing

Credits:

3.00

Description:

This course covers characteristics structure and function of money and capital markets with a focus on the recent events relating to financial markets and their impact on the corporate financing behavior and the interrelationship among the various financial markets. Also each type of financial institution and its internationalization are discussed.

Prerequisites:

FIN-315 and Junior standing

Credits:

3.00

Description:

This course is an in-depth analysis of derivatives: futures options and swaps. The course explains why these securities exist where and how they are traded how to employ them in managing risk and how to accurately price them. It also covers the use of these derivatives in the context hedging or speculation.

Prerequisites:

FIN-315 and Junior standing

Credits:

3.00

Description:

This course is an advanced course in investment analysis stressing efficient frontier and diversification. Also studies portfolio construction and management and the tradeoff of risk versus return.

Prerequisites:

FIN-311; Two FIN major required or elective courses; Senior standing

Credits:

3.00

Description:

This course is an in-depth study of current finance theory and methodology applicable to the firm through case analyses computer work and recent publications. It is a capstone course where students learn how to integrate financial theories and principles to reach optimal financial decisions in practice.

Prerequisites:

FIN-200

Credits:

3.00

Description:

The course introduces students to the management of international financial-services firms and methods through which financial institutions manage risk. The course focuses on concepts and basic tools for identifying measuring and managing risks such as interest rate risk credit risk liquidity risk market risk and operational risk. The course also introduces key regulations and important ethical issues in the financial-services industry.

Prerequisites:

Take 2 Finance Major electives previously, cumulative GPA of 3.0 or higher required. Instructor approval required.

Credits:

3.00

Description:

This course allows finance majors or minors to apply their finance knowledge in an organizational workplace setting. Students identify and organize their own internship positions and are required to work at least 160 hours during the internship. Additionally they will have to identify a faculty adviser. In coordination with the faculty adviser the students will come up with a set of deliverables which could include a paper a project etc. to meet the requirements of a 3-credit course. This course will fulfill the Finance Practicum requirement.

Required Experiential Component

Corporate Accounting and Finance majors must complete 160 hours of pre-professional experience in the field of corporate accounting or finance prior to graduating. This can be fulfilled through any one (1) course from the following 0-credit or 3 credit course options:

Prerequisites:

ACCT-321 (may be taken concurrently)

Credits:

3.00

Description:

This course is designed to accompany a pre-professional or professional experience (internship part-time or full-time employment) of at least 160 hours that the student has pre-arranged for the current semester. It is designed to enhance the student's experience by developing the student's professional acumen research skills and understanding of the business environment in which s/he is working. Input from the employer is expected at designated stages of the experience. On-campus class sessions will only be held at the start and end of the semester. All other course related meetings will take place virtually. Successful completion of this course satisfies the Accounting Department's practicum requirement (ACCT 560). Registration is only permitted with permission of the instructor.

Prerequisites:

Course Coordinator consent required

Credits:

0.00

Description:

All accounting majors are required to complete 160 hours of pre-professional or professional accounting or tax experience prior to graduating. The hours may be obtained through one or more accounting or tax (a) internships (b) part- or full-time employment or (c) cooperative education positions. Hours may also be obtained through participation in Suffolk's Free Tax Preparation Clinic (SBS 555 SBS 556 and SBS 557 - each year will earn students 55 hours). Approval of the 160 hours work experience must be obtained in advance of beginning the work by completing a Practicum Approval Form and emailing it to acct560@suffolk.edu. Students are registered for the Accounting Practicum upon completion of the 160 hours and approval by the Accounting Department. Students should journal their work tasks and accomplishments. This experiential component carries no academic credit does not require any tuition and will be graded pass/fail.

Prerequisites:

Take 2 Finance Major electives previously, cumulative GPA of 3.0 or higher required. Instructor approval required.

Credits:

3.00

Description:

This course allows finance majors or minors to apply their finance knowledge in an organizational workplace setting. Students identify and organize their own internship positions and are required to work at least 160 hours during the internship. Additionally they will have to identify a faculty adviser. In coordination with the faculty adviser the students will come up with a set of deliverables which could include a paper a project etc. to meet the requirements of a 3-credit course. This course will fulfill the Finance Practicum requirement.

Prerequisites:

Must obtain approval from FIN dept

Credits:

0.00

Description:

Required of all Finance majors. Majors will have an approved 160 hours of finance experience. Experience may be acquired through internship part- or full-time employment or cooperative education. Zero Credit

Learning Goals & Objectives

Learning goals and objectives reflect the educational outcomes achieved by students through the completion of this program. These transferable skills prepare Suffolk students for success in the workplace, in graduate school, and in their local and global communities.

Learning Goals
Learning Objectives
Upon completion of this program, graduates will understand or know the following: Upon completion of this program, graduates will be able to do the following:
How to interpret financial and non-financial data for performance management.
  • Look beyond the narrow specifications of what is explicitly stated or required, in order to make financial reporting decisions.
  • Use business metrics to report on, analyze, forecast and improve performance.
  • Strategic planning and analysis; budgeting (including master budgets, project budgets, and flexible budgets); and forecasting with multiple techniques.
  • Cost management and variance analyses for unique reporting segments.

The functional areas of accounting and finance.

  • Demonstrate an understanding of the purposes, uses, and limitations of the financial statements.
  • Identify, interpret, and apply the relevant accounting authoritative guidance needed to address a situation (e.g., GAAP, IFRS).
  • Properly recognize, measure and value assets, liabilities, equity transactions, revenue, and expenses.
  • Financial Statement Analysis including calculating and interpreting financial ratios.
  • Corporate Financial Modeling.
  • Make short-term and long-term investment decisions and raise capital.
  • Perform risk-return analysis.
  • Short-term capital management.
  • Understand the various risks associated with financial planning and explore avenues for risk management through diversification and hedging.
  • Risk and valuation of debt and equity securities, derivatives, and hybrid securities.
  • Determine how to raise capital and understand the pros and cons of utilizing various financial securities.
  • Calculate costs of capital and their effects on the capital structures of firms.
  • How global financial markets work and the role of information disclosures in determining market efficiency.
How to effectively apply analytical and critical reasoning skills to solve financial business problems and make well-informed decisions, taking into account global and ethical considerations.
  • Identify core components of the issue, keeping a multidisciplinary and global perspective.
  • Identify key data and assumptions.
  • Generate salient alternatives.
  • Examine the evidence and sources of evidence.
  • Identify conclusions, implications, and consequences.
How to communicate professionally.
  • Prepare professional written documents that are developed with supporting details, are organized effectively and logically, and employ normal conventions of spelling and grammar.
  • Organize and deliver a presentation with a well-developed topic and appropriate communication aids.
  • Demonstrate a thorough understanding of context, audience, and purpose and be able to communication both up and down the organizational hierarchy.
How to effectively use technology with a systems focus.
  • Demonstrate competence in the effective use of technology, such as Excel, Quick Books, SAP, Oracle, etc.

Corporate Accounting and Finance Undergraduate Courses

Prerequisites:

FIN-200 and ACCT-321

Credits:

3.00

Description:

Explores economic political and cultural variables that shape accounting and disclosure in various countries. Students gain an understanding of international financial reporting standards and the forces for convergence between IFRS and US GAAP. Presents financial analysis in a multi-financial context.

Prerequisites:

ACCT-202

Credits:

3.00

Description:

Focuses on the federal income taxation of individuals with some discussion of business taxation. Explores the basic structure of individual income taxation including the individual tax formula income deductions and credits and provides an introduction to property transactions. Emphasizes how tax laws affect everyday personal and business decisions.

Prerequisites:

ACCT-201 and ACCT-202 and Junior standing

Credits:

3.00

Description:

Reviews basic financial accounting concepts and examines selected balance sheet and income statement items. The focus of this communication intensive course is on the valuation and reporting of current and non-current assets and liabilities and the income determination aspects of these items.

Prerequisites:

ACCT-321 with a minimum grade of C

Credits:

3.00

Description:

Continues to examine selected balance sheet and income statement items. The focus of this communication intensive course is on the valuation and reporting of investments and stockholders' equity and the income determination aspects of these items. Also considers special topics such as pensions leases deferred taxes and cash flows.

Prerequisites:

ACCT-202

Credits:

3.00

Description:

Explores concepts and procedures underlying the development of a cost accounting system for managerial decisions control and performance reporting. Introduces the basic ideas of responsibility accounting.

Prerequisites:

ACCT-320

Credits:

3.00

Description:

This course will develop the student's understanding of tax law for business entities including corporation and pass-through structures. In this course we will explore the unique features of both types of entities, their tax implications, impacts on business decision-making, and other attributes through the use of problems and cases.

Prerequisites:

ACCT-331

Credits:

3.00

Description:

Studies accounting principles unique financial reporting (such as fund accounting) and budgetary control in government agencies and charitable healthcare educational and other not-for-profit organizations.

Prerequisites:

ACCT-322 and ISOM-210

Credits:

3.00

Description:

Introduces the design operation and use of accounting information systems. Examines the functional relationships of the AIS within an organization. Provides a background in automated data processing along with the important human and organizational considerations in system design and implementation.

Prerequisites:

ACCT-321 and ACCT-331

Credits:

3.00

Description:

Provides an introduction to the field of auditing with a concentration in auditing historical financial statements in accordance with generally accepted auditing standards and some exposure to auditing the internal control over financial reporting of large public companies. Covers the environment standards regulation and law of auditing in the US with some exposure to the international environment. Covers audit planning risk and material assessments audit evidence evaluation of internal control documentation and audit reports.

Prerequisites:

ACCT-322 and FIN-311. Senior Standing.

Credits:

3.00

Description:

In this capstone course students will learn in greater depth how to use financial and cost accounting information and financial theories and principles to evaluate firm performance develop long-term plans and reach optimal financial decisions. Core elements include enhancing critical thinking skills enhancing written and oral communication skills and providing students practice in forming and expressing opinions and anticipating and managing ethical conflicts. Students will be given the opportunity to apply their knowledge and skills to real business situations and to understand the analytical frameworks that can be consistently directed to evaluate corporate decisions.

Prerequisites:

ACCT-321 (may be taken concurrently)

Credits:

3.00

Description:

This course is designed to accompany a pre-professional or professional experience (internship part-time or full-time employment) of at least 160 hours that the student has pre-arranged for the current semester. It is designed to enhance the student's experience by developing the student's professional acumen research skills and understanding of the business environment in which s/he is working. Input from the employer is expected at designated stages of the experience. On-campus class sessions will only be held at the start and end of the semester. All other course related meetings will take place virtually. Successful completion of this course satisfies the Accounting Department's practicum requirement (ACCT 560). Registration is only permitted with permission of the instructor.

Prerequisites:

Course Coordinator consent required

Credits:

0.00

Description:

All accounting majors are required to complete 160 hours of pre-professional or professional accounting or tax experience prior to graduating. The hours may be obtained through one or more accounting or tax (a) internships (b) part- or full-time employment or (c) cooperative education positions. Hours may also be obtained through participation in Suffolk's Free Tax Preparation Clinic (SBS 555 SBS 556 and SBS 557 - each year will earn students 55 hours). Approval of the 160 hours work experience must be obtained in advance of beginning the work by completing a Practicum Approval Form and emailing it to acct560@suffolk.edu. Students are registered for the Accounting Practicum upon completion of the 160 hours and approval by the Accounting Department. Students should journal their work tasks and accomplishments. This experiential component carries no academic credit does not require any tuition and will be graded pass/fail.

Prerequisites:

FIN-200

Credits:

3.00

Description:

Intermediate Finance expands on basic financial concepts and introduces more advanced topics. Material emphasizes solutions to problems of capital structure investment and financing. Other major topics include distribution policy working capital management derivative corporate securities and corporate restructuring.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course covers the investment of funds by individuals and institutions. Focuses on analysis of investments and security markets and the mechanics of trading and investing. A variety of investment vehicles are discussed including stocks bonds futures and options.

Prerequisites:

EC-101 and EC-102 and Junior standing

Credits:

3.00

Description:

This course covers characteristics structure and function of money and capital markets with a focus on the recent events relating to financial markets and their impact on the corporate financing behavior and the interrelationship among the various financial markets. Also each type of financial institution and its internationalization are discussed.

Prerequisites:

FIN-315 and Junior standing

Credits:

3.00

Description:

This course is an in-depth analysis of derivatives: futures options and swaps. The course explains why these securities exist where and how they are traded how to employ them in managing risk and how to accurately price them. It also covers the use of these derivatives in the context hedging or speculation.

Prerequisites:

FIN-315 and Junior standing

Credits:

3.00

Description:

This course is an advanced course in investment analysis stressing efficient frontier and diversification. Also studies portfolio construction and management and the tradeoff of risk versus return.

Prerequisites:

FIN-311 or permission of instructor and Junior standing

Credits:

3.00

Description:

This course develops the practical techniques and decision rules in the evaluation and selection of long-term investment projects. Teaching is oriented towards discussion of readings and case studies. Readings should provide students with understanding of capital budgeting techniques and case studies should allow them to apply the techniques to real-world problems with the help of the computer.

Prerequisites:

FIN-200 and Junior standing

Credits:

3.00

Description:

This course covers the financing investment and working capital management process of multinational corporations considering such variables as exchange risk political risk accounting regulations and tax laws.

Prerequisites:

FIN-311; Two FIN major required or elective courses; Senior standing

Credits:

3.00

Description:

This course is an in-depth study of current finance theory and methodology applicable to the firm through case analyses computer work and recent publications. It is a capstone course where students learn how to integrate financial theories and principles to reach optimal financial decisions in practice.

Prerequisites:

FIN-200

Credits:

3.00

Description:

The course introduces students to the management of international financial-services firms and methods through which financial institutions manage risk. The course focuses on concepts and basic tools for identifying measuring and managing risks such as interest rate risk credit risk liquidity risk market risk and operational risk. The course also introduces key regulations and important ethical issues in the financial-services industry.

Prerequisites:

Take 2 Finance Major electives previously, cumulative GPA of 3.0 or higher required. Instructor approval required.

Credits:

3.00

Description:

This course allows finance majors or minors to apply their finance knowledge in an organizational workplace setting. Students identify and organize their own internship positions and are required to work at least 160 hours during the internship. Additionally they will have to identify a faculty adviser. In coordination with the faculty adviser the students will come up with a set of deliverables which could include a paper a project etc. to meet the requirements of a 3-credit course. This course will fulfill the Finance Practicum requirement.

Prerequisites:

Must obtain approval from FIN dept

Credits:

0.00

Description:

Required of all Finance majors. Majors will have an approved 160 hours of finance experience. Experience may be acquired through internship part- or full-time employment or cooperative education. Zero Credit