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

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, Junior standing

Credits:

3

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

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.

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 either of the following 0-credit courses:

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 register 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:

Must obtain approval from FIN dept

Credits:

0

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

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:

FIN 200 and Junior standing

Credits:

3

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; EC 102; Junior standing

Credits:

3

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; Junior standing;

Credits:

3

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, Junior standing

Credits:

3

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

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

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.

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.
How to understand 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:

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 register 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

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

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; EC 102; Junior standing

Credits:

3

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; Junior standing;

Credits:

3

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, Junior standing

Credits:

3

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, Junior standing

Credits:

3

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

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

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

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:

Must obtain approval from FIN dept

Credits:

0

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