Accounting Business Law Finance
Accounting Business Law Finance
Accounting Business Law Finance
Finance is the study of value. Using basic principles from the fields of accounting, economics, and statistics, finance involves analysis of financial
institutions, financial markets, and financial concepts. Finance majors can emphasize the study of markets or the study of financial management
practices. The financial services field has exploded with new kinds of products and services, creating a need for individuals to sell new financial and
investment instruments and services and to manage the entities which provide them. Banking, stock brokerage, commodities/futures/options trading,
and financial planning and analysis are traditional areas where finance majors find employment. Frequently finance majors are sought for entry level
positions in the allied fields of real estate and insurance.
It is important to understand the legal implications of key business decisions, as business law constitutes the protocols for managerial action. Business
law courses offered at Northeastern are not a pre-law program and are not intended to be preparation for law school.
Stijepko Tokic, J.D., LL. M., Associate Professor of Business Law, Chair
Sara Aliabadi, Ph.D., Assistant Professor of Accounting
Hong Gee Chen, Ph.D., Associate Professor of Accounting
Nont Dhiensiri, Ph.D., Associate Professor of Finance
Alireza Dorestani, Ph.D., Associate Professor of Accounting
Essam Elshafie, Ph.D., Associate Professor of Accounting
Charletta Gutierrez, Ph.D., Associate Professor of Management Information Systems
Richard Kilpatrick, J.D., Assistant Professor of Business Law
Huong (Anne) Le, Ph.D., Assistant Professor of Finance
Emmanuel Nyadroh, Ph.D., Associate Professor of Accounting
Narendar Rao, Ph.D., Professor of Finance
Xiaohong (Sara) Wang, Ph.D., Assistant Professor of Finance
Chunwei Xian, Ph.D., Associate Professor of Accounting
Ai-Ru Yen, Ph.D., Associate Professor of Accounting
Myung-Ho Yoon, Ph.D., Professor of Accounting
Accounting
ACTG-201. Introduction To Financial Accounting. 3 Hours.
Accounting is a system for measuring economic activities. This course introduces to students the underlying assumptions, concepts, and methods
of financial accounting regarding the recording, processing, and reporting of an organizations economic activities in financial statements to external
decision makers. Prereq.: MATH-165.
Prerequisite: MATH-165 minimum grade of C.
ACTG-202. Introduction To Managerial Accounting. 3 Hours.
This course focuses on managerial accounting. It emphasizes the use of accounting information for management planning and control decisions. Topics
include analysis of cost behavior, budgeting, and other managerial issues. Prereq.: MATH-165 and ACTG-201.
Prerequisites: ACTG-201 minimum grade of C and MATH-165 minimum grade of C.
ACTG-300. Principles Of Accounting. 3 Hours.
This course surveys the basic accounting concepts and procedures used in the preparation of financial statements, statement analysis and managerial
planning and control. Topics covered include accounting for internal planning. The course is targeted toward undergraduate non-business-major
students with no prior knowledge of accounting, to study and obtain an overall fundamental understanding and appreciation of the use of accounting
information. This course cannot be counted for credit toward a major in business.
ACTG-301. Cost Accounting I. 3 Hours.
The course expands upon the study of accounting information that is needed by management to plan and control various operations of an organization
and to price products and services. Topics include job order and process costing systems, standard costing and variance analysis, budgeting, direct,
absorption and throughput costing, and cost-volume-profit (including break-even) analysis.
Requirement: All Foundation Courses Including ACTG-202
Prerequisite: ACTG-202 minimum grade of C.
ACTG-306. Accounting For Non-Profit Organizations. 3 Hours.
A study of the special techniques employed in recording and reporting financial data of non-profit government units and private non-profit organizations.
Prerequisite: ACTG-322 minimum grade of C.
ACTG-307. Auditing Theory And Problems. 3 Hours.
Auditing contributes to the reliability of financial and other data. This course, comprised of theory and philosophy of auditing, makes it an essential part of
an accountant's knowledge. Topics include standards-general, field work and reporting, evidential matter, review of internal control, auditing techniques,
practices, problem-solving, and a study of A.I.C.P.A. industry audit guides.
Prerequisite: ACTG-322 minimum grade of C.
ACTG-308. Advanced Auditing. 3 Hours.
This course enhances the students understanding of auditing principles. Included is a detailed study of statements of auditing standard, evidential
matter, tehcniques, problem solving, and a study of AICPA industry audit guidelines.
Prerequisite: ACTG-307 minimum grade of C.
ACTG-309. Foundations Of Forensic & Investigative Accounting. 3 Hours.
The purpose of this course is to cover important topics associated with contemporary forensic and investigative accounting. Topics include fraud
auditing, litigation support, valuation, cybercrime, and other key forensic topics. Prereq. ACTG-201 and ACTG-202.
Prerequisites: ACTG-201 minimum grade of C and ACTG-202 minimum grade of C.
ACTG-310. Federal Income Tax (Individual). 3 Hours.
Fundamentals of tax accounting and reporting with emphais on individuals. Topics include gross income and exclusions, deductions to arrive at and
deductions from gross income, gain or loss recognition, basis, capital gains and losses, credits and administration.
Prerequisite: ACTG-202 minimum grade of C.
ACTG-311. Federal Income Tax (Corporate). 3 Hours.
Advanced development of topics discussed in the first tax course. Additional topics include matters specifically applicable to partnerships, corporations,
and basic introductions to estate and gift taxes. Tax research techniques are also developed in the subject.
Prerequisite: ACTG-310 minimum grade of C.
ACTG-312. Cost Accounting II. 3 Hours.
This course is a logical continuation of the prerequisite course with even greater emphasis on accounting information used for management planning
and control. topics include division performance measurement, transfer pricing, and application of quantitative techniques to cost accounting.
Prerequisite: ACTG-301 minimum grade of C.
ACTG-313. Internal Auditing And Management Control. 3 Hours.
Internal auditing is an independent appraisal activity within an organization for the review of operations aimed at promoting its efficiency and
effectiveness. This course explores the concepts and standards of internal auditing and their applications. Topics include the discussion of the nature
and environment of internal auditing, disciplines related to internal auditing, internal auditing process and the organization and administration of an
internal auditing department.
Prerequisites: ABF-350 minimum grade of C and ACTG-307 minimum grade of C.
Accounting, Business Law and Finance 3
Business Law
BLAW-109. First Year Experience: Professionalism, Ethics, Law & Chicago Scandals. 3 Hours.
This course examines the intersection between professionalism, ethics and law from a business perspective. We will look at these issues through the
lens of major business-related Chicago scandals, predominantly non-political, and we will take multiple trips to visit some of the actors involved in these
scandals, such as judges, lawyers and businessmen, who will further inform students about the importance of professionalism, ethics and compliance
with laws. The topics covered in this course include defining professionalism, comparing professionalism to ethics, critically evaluating the differences
and the importance of both, and discussing the legal process as it applies to white collar crimes.
BLAW-285. Legal Environment Of Business. 3 Hours.
This survey course traces the history and development of the legal environment of business. Topics include elements of the law and the judicial process,
elements of traditional business law, and the government regulation of business. Prereq.: 30 credit hours of college work.
BLAW-310. Legal Issues In International Business Transactions. 3 Hours.
The study of laws, policies, and institutions associated with international business practice, including the international sale of goods, multimodal
transportation and logistics, international and regional trade agreements, U.S. import/ export regulation, and transnational dispute resolution.
Requirement: Completion of all foundation courses required for COBM majors
Prerequisite: BLAW-285 minimum grade of C.
BLAW-380. Business Law I. 3 Hours.
The study of the law of contracts, including mutual assent, consideration, legality, capacity, statute of frauds, third parties, performance, breach,
discharge, and remedies; UCC sales, including transfer of title, risk of loss, bulk sales, product liability and strict liability.
Prerequisite: BLAW-285 minimum grade of C.
BLAW-381. Business Law II. 3 Hours.
Continuation of BLAW-380 and covers: Agency, partnerships, corporations and UCC commercial paper. The rights and liabilities of corporate and
partnership forms of business organization are covered. Negotiation, warranties, holder in due course, bank items are covered as part of UCC
commercial paper.
Prerequisite: BLAW-285 minimum grade of C.
BLAW-383. Legal Aspects Of Entrepreneurship. 3 Hours.
This course offers a framework for understanding legal aspects of entrepreneurial process. Topics include selecting a business form, obtaining financial
capital, marshaling human resources, securing and protecting intellectual property rights, anticipating and managing risks, and engaging in e-commerce.
BLAW-400. Legal Environment Of Business And Management. 2 Hours.
This course centers on the american legal system as one sphere of influence in the business operations of an organization. Topics include anti-
trust laws, mergers and acquisitions, securities regulations, equal employment, and labor management regulations, product liability, and consumer
protection. Litigation and arbitration as methods for resolving disputes are also covered. The social responsibilities, ethical concerns, and dilemmas of
the organization's manager are stressed as part of the practical decision making environment.
BLAW-410. International Business Law. 3 Hours.
This course will include material on the international legal environment, international economic associations, such as WTO, conflicts of law, international
contracting, letters of credit, exporting/importing issues, including tariffs and other aspects of international business transactions. The purpose is to
prepare an MBA student to be able to understand the legal issues that are involved in international business transactions.
Finance
FINA-360. Principles Of Financial Management. 3 Hours.
The purpose of this course is to provide a broad overview of the fundamental concepts in financial management such as creation of value for the
shareholders, ratio analysis, time value of money, stock and bond valuation, risk and return, cost of capital and capital budgeting.
Requirement: All Foundation Courses completed
Prerequisite: ACTG-201 minimum grade of C.
FINA-362. Investment. 3 Hours.
An introduction to financial markets. Particular emphasis is placed on valuation and the characteristics of different financial assets.
Prerequisite: FINA-360 minimum grade of C.
FINA-363. Security Analysis. 3 Hours.
This course analyzes the factors affecting the market valuation of securities utilizing fundamental analysis and modern portfolio theory.
Prerequisite: FINA-360 minimum grade of C.
6 Accounting, Business Law and Finance