Division of Business. Undergraduate and Graduate Catalog Addendum

Transcription

1 Division of Business Undergraduate and Graduate Catalog Addendum

2 Business Undergrad C10 Casey Center , Ext. 642 Ed Weis, Ph.D., J.D., CPA, CFA, Dean of the Division of Business Ronald T. Carman, J.D., M.B.A., Associate Dean and Director of Undergraduate Business Programs GOAL The goal of the Program is to provide a Business Management, Accounting and Economics education in a strong Liberal Arts setting. OBJECTIVES To foster an atmosphere based on a strong liberal arts foundation in which the student will develop the power of logical, clear, insightful thinking for decision-making and problem-solving. To help the student prepare for intelligent, profitable living, through a study of business operating in a dynamic social, political and economic environment with emphasis on ethics. To provide the student with the necessary knowledge and skills that will prepare her/him for challenging positions in business firms, schools, churches, healthcare facilities, government, civic and professional groups. To provide the student with the necessary background to meet the prerequisites for an M.B.A. program and the academic challenges of an advanced degree in business. NOTE: Grade of C is the lowest acceptable grade for courses in the major/major-related/minor requirements. Students will be required to retake courses taken in the major/majorrelated/minor requirements, in which the student earned below a C. CAREER ADVISEMENT Faculty advisors will assist in choosing elective courses, both departmental and non-departmental, so as to best achieve the student s particular goal. This close advisement process will also assure that the student will meet the requirements for the B.S. degree. Advisor s approval is a prerequisite for registration. For those who have special interests and talents in other disciplines, it is possible to pursue another major with the Business Management Major. INTERDISCIPLINARY STUDIES Students opting to choose Business Management, Economics, or Marketing as an Interdisciplinary Concentration should follow the prescribed courses listed for the minor. MINORS The Division of Business offers minors in Accounting, Business Management, Economics and Marketing. Minor requirements are described in the section of the catalog on Minors. Business Honors Program The Business Division offers a Business Honors Program beginning in the Fall of 2010 for undergraduates in the study of business. Students accepted into the Program will attend eight Business classes as a cohort. Courses will differ from the same business courses offered to non-honors business students in the breadth and depth of the subject matter and will feature additional readings and outside assignments. In addition, the Division will arrange opportunities for business trips and guest speakers. The Program will be independent of Molloy s College Honors Program. Students are encouraged to also participate in the Molloy College Honors Program, if they are selected. The purpose of the Business Honors Program is to challenge the student to reach their full potential in their chosen field of study. The goal of this program is to provide the students with the academic foundation and business skills to enable them to flourish in internship opportunities and ultimately in full-time professional positions. ADMISSIONS CRITERIA High School and transfer students will be invited to the Business Honors Program upon admission to the college based on academic merit (SAT scores and grades) and qualitative characteristics that will be assessed in mandatory interviews with the Division Dean and Associate Dean and Director for Undergraduate Programs. In addition, some students not initially invited to the Business Honors Program may be considered after two semesters. These students will be reviewed for the Honors Program based upon: Student s college record, including any extracurricular activities Student s high school record, including their SAT scores Recommendations from college professors A personal interview with the Business Division Deans. STUDENT PROGRESSION Business students will need to maintain a minimum GPA of.0 in order to continue in the Division cohort. Students are allowed a one semester cure period if their GPA falls below.0. Students in the Program will have opportunities to interview for internship placements at select business firms. PROPOSED HONORS PROGRAM This list of proposed courses is subject to revisions and modifications. Changes will be provided to the the entering students. Business Honors Program students will take the following courses as a cohort: First year - Fall Semester: BUS 101 Introduction to Business BUS 260 Accounting I First year - Spring Semester: BUS 261 Accounting II BUS 4 Quantitative Analysis for Business Applications Second year - Fall Semester: BUS 50 Corporate Finance ECO 252 Microeconomics 2

3 Second year - Spring Semester: BUS 01 Principles of Management ECO 15 Money, Banking and Financial Markets Total 24 Programs for Accounting Majors 2010 Accounting B.S. New York State Registered Program Code: 2805 HEGIS Code: {Accounting} General Education Requirements (Courses listed on page XX) (44 5 required credits - See note) Arts and Fine Arts (2 out of disciplines) (6 ART/MUS; and COM 229 (also meets Related) English and Modern Languages (1 of each discipline) (9 ENG 110; Modern Language; and Modern Language/Literature Social and Behavioral Sciences ( out of 4 disciplines) (9 HIS/POL/PSY/SOC Math and Science (1 of each discipline) (6 MAT 129 (Statistics also meets Related); and Science course Philosophy, Theology and Ethics (1 of each discipline) (9 PHI; THE; and ETH 257 (also meets Related) Physical Education (1 credit): PED Core Course (4 COR Major Requirements (9 BUS 260 Accounting I BUS 261 Accounting II BUS 62 Financial Accounting I (Intermediate I) BUS 6 Financial Accounting II (Intermediate II) BUS 64 Cost and Managerial Accounting Systems BUS 65 Advanced Cost and Managerial Accounting Systems And Quantitative Methods BUS 66 Taxation I BUS 67 Taxation II BUS 68 Advanced Accounting BUS 69 Auditing BUS 70 Government and Not-for Profit Accounting BUS 72 Computerized Accounting and Computer Systems BUS 491 Accounting Research Seminar (Capstone) Related Business Requirements (24 BUS 101 Introduction to Business BUS 240 Business Law I BUS 241 Business Law II BUS 01 Principles of Management BUS 0 Principles of Marketing BUS 4 Quantitative Analysis for Business Applications BUS 50 Corporate Finance Complete either* BUS 460 or BUS 484: BUS 460 Business Internship * BUS 484 Strategic Management * Related Requirements (24 CIS 105 Computer Applications for Business COM 229 Experience in Corporate Communication ETH 257 Business Ethics ECO 251 Macroeconomics ECO 252 Microeconomics ECO 15 Money, Banking and Financial Markets ECO 20 International Economics MAT 129 Elementary Statistics for Business FST Requirement: FST 101 College Experience (If required) 0-1 Electives (Under consultation with advisor) 5-6 Total: 128 NOTE: The General Education requirement is 44, and has been adjusted to 5, because the following Related requirement will also satisfy the requirement: COM 229, ETH 257 and MAT 129. BUS 460/484: Full-time working students will take BUS 484 with the Program Director s approval. BUS 491: Requires Program Director s approval. CPA Exams Students who take the CPA exam in the year 2009 or later, will be required to have completed 150 college credits in any combination of undergraduate and graduate courses prior to taking the CPA exam; this 150 credit requirement does not apply to students taking the CPA exam prior to The New York State Education Department and the Board of Accountancy stipulate the educational requirements for the professional credential of a Certified Public Accountant, CPA. The New York State Education Department and the Board of Accountancy stipulate the educational requirements for the professional credential of a Certified Public Accountant, CPA.

4 Programs for Business Management Majors 2010 Business Management B.S. New York State Registered Program Code: HEGIS Code: {Business Management and Administration} General Education Requirements (Courses listed on page XX) (44 5 required credits - See note) Arts and Fine Arts (2 out of disciplines) (6 ART/MUS; and COM 229 (also meets Related) English and Modern Languages (1 of each discipline) (9 ENG 110; Modern Language; and Modern Language/Literature Social and Behavioral Sciences ( out of 4 disciplines) (9 HIS/POL/PSY/SOC Math and Science (1 of each discipline) (6 MAT129 (Statistics also meets Related); and Science course Philosophy, Theology and Ethics (1 of each discipline) (9 PHI; THE; and ETH 257 (also meets Related) Physical Education (1 credit): PED Core Course (4 COR Major Requirements (45 BUS 101 Introduction to Business BUS 240 Business Law I BUS 260 Accounting I BUS 261 Accounting II BUS 01 Principles of Management BUS 04 Organizational Behavior BUS 0 Principles of Marketing BUS 4 International Business BUS 8 Fundamentals of Marketing Research BUS 4 Quantitative Analysis for Business Applications BUS 50 Corporate Finance Complete either* BUS 460 or BUS 484: BUS 460 Business Internship I * BUS 484 Strategic Management * BUS 490 Entrepreneurship (Capstone) Complete two BUS/ECO 00/400-level electives 6 (6 credits) Related Requirements (24 CIS 105 Computer Applications for Business COM 229 Experience in Corporate Communication ECO 251 Macroeconomics ECO 252 Microeconomics ECO 15 Money, Banking and Financial Markets ECO 20 International Economics ETH 257 Business Ethics MAT 129 Elementary Statistics for Business FST Requirement: FST 101 College Experience (If required) 0-1 Electives (Under consultation with advisor): 2-24 Total: 128 NOTE: The General Education requirement is 44, and has been adjusted to 5, because the following Related requirement will also satisfy the requirement: COM 229, ETH 257 and MAT 129. BUS 460/484: Full-time working students will take BUS 484 with the Program Director s approval. BUS 490: Requires Program Director s approval. Programs for Finance Majors 2010 Finance B.S. New York State Registered Program Code: 4116 HEGIS Code: {Banking and Finance} General Education Requirements (Courses listed on page XX) (44 5 required credits - See note) Arts and Fine Arts (2 out of disciplines) (6 ART/MUS; and COM 229 (also meets Related) English and Modern Languages (1 of each discipline) (9 ENG 110; Modern Language; and Modern Language/Literature Social and Behavioral Sciences ( out of 4 disciplines) (9 HIS/POL/PSY/SOC Math and Science (1 of each discipline) (6 MAT 129 (Statistics also meets Related); and Science course Philosophy, Theology and Ethics (1 of each discipline) (9 PHI; THE; and ETH 257 (also meets Related) Physical Education (1 credit): PED Core Course (4 COR Major Requirements (51 BUS 101 Introduction to Business 4

5 BUS 240 Business Law I BUS 260 Accounting I BUS 261 Accounting II BUS 01 Principles of Management BUS 0 Principles of Marketing BUS 4 Quantitative Analysis for Business Applications BUS 50 Corporate Finance BUS 62 Financial Accounting I (Intermediate I) BUS 6 Financial Accounting II (Intermediate II) BUS 80 Investment Management BUS 81 Risk Management BUS 82 Financial Markets and Institutions BUS 84 Real Estate Finance and Investments BUS 401 Value Investing Complete either* BUS 460 or BUS 484: BUS 460 Business Internship I * BUS 484 Strategic Management * BUS 490 Entrepreneurship (Capstone) Related Requirements (29 CIS 105 Computer Application for Business COM 229 Experience in Corporate Communication COM 29 Public Speaking for Business 1 ECO 251 Macroeconomics ECO 252 Microeconomics ECO 15 Money, Banking and Financial Markets ECO 20 International Economics ENG 28 Techniques of Business Writing 1 ETH 257 Business Ethics MAT 129 Elementary Statistics for Business Complete either* MAT 116 or MAT 220: MAT 116 College Algebra and Trigonometry * MAT 220 Calculus for Science and Business * FST Requirement: FST 101 College Experience (If required) 0-1 Electives (Under consultation with advisor): 12-1 Total: 128 NOTE: The General Education requirement is 44, and has been adjusted to 5, because the following Related requirement will also satisfy the requirement: COM 229, ETH 257 and MAT 129. BUS 460/484: Full-time working students will take BUS 484 with the Program Director s approval. BUS 490: Requires Program Director s approval. Programs for Dual Degrees in Accounting, Finance, Management or Personal Financial Planning The purpose of the accelerated Bachelor of Science/Master of Business Administration Degree Program is to further the educational and career goals of Molloy College students. OVERVIEW The Dual Degree Program (DDP) allows students to build on their knowledge base and accelerate their learning by enrolling in both undergraduate and graduate courses throughout the program of study. Students will be awarded a baccalaureate degree upon successful completion of the undergraduate requirements and a master s degree upon completion of the graduate requirements. ADMISSION REQUIREMENTS For Freshmen Students may declare their intent to enroll in the Dual Degree Program upon admission. The following admission requirements apply: A grade of B or better in ENG 110 ( credits). Students earning less than a B would be required to take ENG 120 (1 credit) as remediation. A minimum combined score of 1000 on the Critical Reading and Math part of the SAT exam. An overall High School GPA of 85. For Transfer/Continuing Students: Students may declare their intent to enroll in the Dual Degree Program at any time during their period of study at Molloy College. The following admission requirements apply: An undergraduate GPA of.0 on a 4.0 scale (Students with a GPA of 2.8 and who show promise, may be accepted on a provisional basis subject to attaining a GPA of.0 by the end of the semester following application to Dual Degree status) A personal interview with the Director of the Graduate Business Program. PROGRESSION REQUIREMENTS Students admitted as freshmen in the Dual Degree Program must meet with the Director of the Undergraduate Business Program for a personal interview by the Fall semester of the sophomore year. A.0 GPA is required for Dual Degree students. Should a student s GPA fall below.0, the student will be put on probation for one semester. Should the student not achieve the required.0 in the subsequent semester, the student will continue in the Undergraduate Program but not remain in the Dual Degree Program. A.0 GPA is required for graduation in the Dual Degree program Note: Refer to policies and information under Graduate Programs in Business. 5

6 Dual Degree Programs of Study The Dual Degree Programs include transfer credits, baccalaureate credits and 0 required master s credits for Accounting, required master s credits for Finance, required master s credits for Management or required master s credits for Personal Financial Planning. The program will be individualized according to the content and number of transfer credits accepted for each student. DDP students are subject to the same policies and course criteria as listed in the Molloy College Catalog for bachelor s and master s students Accounting B.S. (Dual Degree M.B.A.) New York State Registered Program Code: (Dual BS/MBA) HEGIS Code: {Accounting} General Education Requirements (Courses listed on page XX) (44 required credits - See note) 5 Arts and Fine Arts (2 out of disciplines) (6 ART/MUS; and COM 229 (also meets Related) English and Modern Languages (1 of each discipline) (9 ENG 110; Modern Language; and Modern Language/Literature Social and Behavioral Sciences ( out of 4 disciplines) (9 HIS/POL/PSY/SOC Math and Science (1 of each discipline) (6 MAT 129 (Statistics also meets Related); and Science course Philosophy, Theology and Ethics (1 of each discipline) (9 PHI; THE; and ETH 257 (also meets Related) Physical Education (1 credit): PED Core Course (4 COR Major Requirements (9 BUS 260 Accounting I BUS 261 Accounting II BUS 62 Financial Accounting I (Intermediate I) BUS 6 Financial Accounting II (Intermediate II) BUS 64 Cost Managerial Accounting Systems BUS 65 Advanced Cost and Managerial Accounting Systems and Quantitative Methods BUS 66 Taxation I BUS 67 Taxation II BUS 68 Advanced Accounting BUS 69 Auditing BUS 70 Government and Not-for-Profit Accounting BUS 72 Computerized Accounting and Computer Systems BUS 491 Accounting Research Seminar Related Business Requirements (24 BUS 101 Introduction to Business BUS 240 Business Law I BUS 241 Business Law II BUS 01 Principles of Management BUS 0 Principles of Marketing BUS 4 Quantitative Analysis for Business Applications BUS 50 Corporate Finance Complete either* BUS 460 or BUS 484: BUS 460 Business Internship I * BUS 484 Strategic Management * Related Requirements (24 CIS 105 Computer Applications for Business COM 229 Experience in Corporate Communication ECO 251 Macroeconomics ECO 252 Microeconomics ECO 15 Money, Banking and Financial Markets ECO 20 International Economics ETH 257 Business Ethics MAT 129 Elementary Statistics for Business FST Requirement: FST 101 College Experience (If required) 0-1 Electives (Under consultation with advisor) 5-6 Total: 128 NOTE: The General Education requirement is 44, and has been adjusted to 5, because the following Related requirement will also satisfy the requirement: COM 229, ETH 257 and MAT 129. BUS 460/484: Full-time working students will take BUS 484 with the Program Director s approval. BUS 491: Requires Program Director s approval. GRADUATE COURSE SUBSTITUTIONS FOR ACCOUNTING A maximum of six (6) graduate credits may be substituted for the undergraduate elective credits during the senior year depending on individualized transcripts and advisement. Dual degree students may take BUS Organizational Behavior and BUS Business Ethics and Professional Responsibility. Other graduate courses require the written approval of both the Director of Graduate Programs and Director of Undergraduate Programs. Dual degree students must be awarded a bachelor s degree prior to being formally accepted into the MBA program of study or registering for graduate-level courses. 6

7 Total B.S. Accounting 128 Total M.B.A. 0 Less maximum 6 graduate credits taken in lieu of 6 undergraduate credits (Adjustment) (-6) Total Dual Degree B.S./M.B.A. credits required in Accounting Finance B.S. (Dual Degree M.B.A.) New York State Registered Program Code: 4118 (Dual BS/MBA Finance) HEGIS Code: {Banking and Finance} General Education Requirements (Courses listed on page XX) (44 5 required credits - See note) Arts and Fine Arts (2 out of disciplines) (6 ART/MUS; and COM 229 (also meets Related) English and Modern Languages (1 of each discipline) (9 ENG 110; Modern Language; and Modern Language/Literature Social and Behavioral Sciences ( out of 4 disciplines) (9 HIS/POL/PSY/SOC Math and Science (1 of each discipline) (6 MAT 129 (Statistics also meets Related); and Science course Philosophy, Theology and Ethics (1 of each discipline) (9 PHI; THE; and ETH 257 (also meets Related) Physical Education (1 credit): PED Core Course (4 COR Major Requirements (51 BUS 101 Introduction to Business BUS 240 Business Law I BUS 260 Accounting I BUS 261 Accounting II BUS 01 Principles of Management BUS 0 Principles of Marketing BUS 4 Quantitative Analysis for Business Applications BUS 50 Corporate Finance BUS 62 Financial Accounting I (Intermediate I) BUS 6 Financial Accounting I (Intermediate I) BUS 80 Investment Management BUS 81 Risk Management BUS 82 Financial Markets and Institutions BUS 84 Real Estate Finance and Investments BUS 401 Value Investing Complete either* BUS 460 or BUS 484: BUS 460 Business Internship I * BUS 484 Strategic Management * BUS 490 Entrepreneurship (Capstone) Related Requirements (29 CIS 105 Computer Applications for Business COM 229 Experience in Corporate Communication COM 29 Public Speaking for Business 1 ECO 251 Macroeconomics ECO 252 Microeconomics ECO 15 Money, Banking and Financial Markets ECO 20 International Economics ENG 28 Techniques of Business Writing 1 ETH 257 Business Ethics MAT 129 Elementary Statistics for Business Complete either* MAT 116 or MAT 220: MAT 116 College Algebra and Trigonometry * MAT 220 Calculus for Science and Business * FST Requirement: FST College Experience (If required) 0-1 Electives (Under consultation with advisor) 12-1 Total: 128 NOTE: The General Education Requirement is 44, and has been adjusted to 5 because the following Related requirement will also satisfy the requirement: COM 229, ETH 257 and MAT 129. BUS 460/484: Full-time working students will take BUS 484 with the Program Director s approval. BUS 490: Requires Program Director s approval. GRADUATE COURSE SUBSTITUTIONS FOR FINANCE A maximum of six (6) graduate credits may be substituted for the undergraduate elective credits during the senior year depending on individualized transcripts and advisement. Dual degree students may take BUS Organizational Behavior, BUS Business Ethics and Professional Responsibility, BUS Managerial Economic Analysis,or BUS Quantitative Analysis Supporting Managerial Decisions. Other graduate courses require the written approval of both the Director of Graduate Programs and Director of Undergraduate Programs. Dual degree students must be awarded a bachelor s degree prior to being formally accepted into the MBA program of study or registering for graduate-level courses. Total B.S. Finance 128 Total M.B.A. Less maximum 6 graduate credits taken in lieu of 6 undergraduate credits (-6) (Adjustment) Total Dual Degree B.S./M.B.A. credits required in Management 155 7

8 2010 Management B.S. (Dual Degree M.B.A.) New York State Registered Program Code: (Dual BS/MBA Management) New York State Registered Program Code: 1118 (Dual BS/MBA Personal Financial Planning) HEGIS Code: {Business Management and Administration} (Students must select a MBA track of Management or Personal Financial Planning for this major.) General Education Requirements (Courses listed on page XX) (44 5 required credits - See note) Arts and Fine Arts (2 out of disciplines) (6 ART/MUS; and COM 229 (also meets Related) English and Modern Languages (1 of each discipline) (9 ENG 110; Modern Language; and Modern Language/Literature Social and Behavioral Sciences ( out of 4 disciplines) (9 HIS/POL/PSY/SOC Math and Science (1 of each discipline) (6 MAT 129 (Statistics also meets Related); and Science course Philosophy, Theology and Ethics (1 of each discipline) (9 PHI; THE; and ETH 257 (also meets Related) Physical Education (1 credit): PED Core Course (4 COR Major Requirements (45 BUS 101 Introduction to Business BUS 240 Business Law I BUS 260 Accounting I BUS 261 Accounting II BUS 01 Principles of Management BUS 04 Organizational Behavior BUS 0 Principles of Marketing BUS 4 International Business BUS 8 Fundamentals of Marketing Research BUS 4 Quantitative Analysis for Business Applications BUS 50 Corporate Finance Complete either* BUS 460 or BUS 484: BUS 460 Business Internship I * BUS 484 Strategic Management * BUS 490 Entrepreneurship (Capstone) Complete two BUS/ECO 00/400-level electives 6 (6 credits) Related Requirements (24 CIS 105 Computer Applications for Business COM 229 Experience in Corporate Communication ECO 251 Macroeconomics ECO 252 Microeconomics ECO 15 Money, Banking and Financial Markets ECO 20 International Economics ETH 257 Business Ethics MAT 129 Elementary Statistics for Business FST Requirement: FST College Experience (If required) 0-1 Electives (Under consultation with advisor) 2-24 Total: 128 NOTE: The General Education Requirement is 44, and has been adjusted to 5 because the following Related requirement will also satisfy the requirement: COM 229, ETH 257 MAT 129. BUS 460/484: Full-time working students will take BUS 484 with the Program Director s approval. BUS 490: Requires Program Director s approval. GRADUATE COURSE SUBSTITUTIONS FOR MANAGEMENT TRACK A maximum of nine (9) graduate credits may be substituted for the undergraduate elective credits during the senior year depending on individualized transcripts and advisement. Dual degree students may take BUS Managerial Accounting and Reporting, BUS Organizational Behavior and BUS Business Ethics and Professional Responsibility. Other graduate courses require the written approval of both the Director of Graduate Programs and Director of Undergraduate Programs. Dual degree students must be awarded a bachelor s degree prior to being formally accepted into the MBA program of study or registering for graduate-level courses. Total B.S. Management 128 Total M.B.A. Less maximum 9 graduate credits taken in lieu of 9 undergraduate credits (-9) (Adjustment) Total Dual Degree B.S./M.B.A. credits required in Management 152 GRADUATE COURSE SUBSTITUTIONS FOR PERSONAL FINANCIAL PLANNING TRACK A maximum of nine (9) graduate credits may be substituted for the undergraduate elective credits during the senior year depending on individualized transcripts and advisement. Dual degree students may take BUS Organizational Behavior, BUS Business Ethics and Professional Responsibility, and BUS Financial Statement Analysis. Other graduate courses require the written approval of both the Director of Graduate Programs and Director of Undergraduate Programs. Dual degree students must be awarded a bachelor s degree prior to being formally accepted into the MBA program of study or registering for graduate-level courses. 8

9 Total B.S. Management 128 Total M.B.A. Less maximum 9 graduate credits taken in lieu of 9 undergraduate credits (-9) (Adjustment) Total Dual Degree B.S./M.B.A. credits required in Personal Financial Planning 152 Business Management, Accounting and Economics Courses ECO ECONOMICS Refer to by subject under ECO courses. CIS 105 COMPUTER APPLICATIONS FOR BUSINESS This course provides business students with in-depth, hands-on experience in the use of spreadsheet software for corporations. The student will be taught to use Excel in a wide range of business applications, including producing financial reports, managing budgets, forecasting demand and supporting management decision-making. Knowledge of PowerPoint will be used to develop professional presentations. The software used is the Microsoft Office Suite components of Excel and PowerPoint. credits COM 229 EXPERIENCE IN CORPORATE COMMUNICATION This introductory course examines important corporate communication areas, such as internal and external forms of communication and considers the ways in which mass media and new technology have influenced how we communicate. In addition, particular emphasis is focused on the development of writing, speaking interpersonal, team and leadership skills. credits COM 29 PUBLIC SPEAKING FOR BUSINESS This course will develop students public speaking and presentation skills in business. The course will emphasize key elements of a good speech, key message development and effective communication in crisis situations. 1 credit ENG 28 TECHNIQUES OF BUSINESS WRITING Focus on selected business writing techniques, such as the business letter, report and memorandum. Prerequisite: ENG credit ETH 257 BUSINESS ETHICS (formerly PHI 256, PHI 257) An introduction to the general principles of ethics applied to the business field. The question of social and distributive justice are taken up, and the problems concerning computers, the business person s responsibilities to the organization, employees, the community, customers and the environment discussed at length. (Sponsored by the Department of Philosophy.) credits MAT 129 ELEMENTARY STATISTICS FOR BUSINESS Basic elements of descriptive and inferential statistics as they are related to business; measures of central tendency; measures of dispersion; correlation; probability, normal distribution and the normal curve; testing hypotheses; chi-square test. Technology support using the graphing calculator and software such as Excel and SPSS are integrated throughout the course. Prerequisites: Three Years of High School Mathematics, including Math A and Math B or equivalent (Algebra 1, Geometry, Algebra 2 and Trigonometry). This course covers material also taught in MAT 115 and is not appropriate for students who have transferred Statistics or already completed MAT 115. See the Mathematics Chairperson for further guidance. credits NOTE: A Graphing Calculator is required: Ti8+, or Ti84+ or equivalent. BUS 101 INTRODUCTION TO BUSINESS (formerly ECO 101 and 201) The course provides an introduction to the world of business and career options in business. Emphasis is on the framework of contemporary business, business ethics and social responsibility, economic challenges facing business, competing in global markets, human resource management, marketing management, managing financial resources and managing technology and information. credits BUS 240 BUSINESS LAW I (formerly BUS 140) A general survey of law designed to acquaint the student with the legal environment in which business decisions are made. Emphasis is on the basic law of contracts and business organizations. (Offered Fall, Spring) credits BUS 241 BUSINESS LAW II (formerly BUS 141) A continuation of Business Law I with emphasis on domestic and international sales and lease contracts, negotiable instruments, the banking system including checks and e-money, agency and employment, government regulation and personal and real property. Prerequisite: BUS 240 with a C or better. (Offered Fall, Spring) credits BUS 260 ACCOUNTING I (formerly BUS 160) Study of the function and use of basic accounting principles and concepts in recording business transactions: the accounting cycle, journal entries and financial statements. Other topics include service and merchandising cycles, internal control principles, systems including payroll, the valuation of cash, receivables, inventories, fixed assets and current liabilities. (Offered Fall, Spring) credits 9

10 BUS 261 ACCOUNTING II The green business sector is rapidly expanding, led by entrepreneurs who strive to achieve the triple bottom line of people, planet, and profits. Students will become familiar with the numerous types of green businesses that exist today and the many factors driving the increasing adoption of green business practices. The class will also look at corporate social responsibility and examples of green policies from large multinational corporations, and examine how businesses can earn profits without sacrificing the environment or human health. credits BUS 01 PRINCIPLES OF MANAGEMENT (formerly BUS 201) The study of the fundamental functions of management within corporations. Topics included are: the structure and fundamentals of organizing, planning, leading and controlling. Prerequisite: BUS 101 (Offered Fall, Spring) Prerequisite: BUS 101. credits BUS 04 ORGANIZATIONAL BEHAVIOR This course introduces students to the study of human behavior in organizations. A multidisciplinary approach is used to understand individual and group behavior. Topics include motivation, group dynamics, communication and leadership. Prerequisite: BUS 01. credits BUS 07 Sustainable Business (formerly BUS 161) A continuation of Accounting I, including cash flow, corporations and financial statement analysis. An introduction to managerial accounting concepts and their relevance to business decisions. A study of cost behavior, cost volume profit relationships, standard and process costs and budgeting to foster meaningful comprehension of managerial accounting. Prerequisite: BUS 260 with a C or better. (Offered Fall, Spring) credits BUS 0 PRINCIPLES OF MARKETING (formerly BUS 20) This course is designed to introduce the student to the essentials of marketing - key concepts, methods of analysis, strategies and tactics - critical to managing profitable customer relationships in the current dynamic and connected environment. Topics include marketing strategy, elements of the marketing mix, marketing research, consumer behavior analysis and customer relationship management. Prerequisite: BUS 101. credits BUS 1 FUNDAMENTALS OF REAL ESTATE MARKETING Students will learn to apply the knowledge of the principles of marketing to the real estate industry. In addition to identifying the skills required for success in the industry, students will gain an understanding of marketing issues specific to the real estate industry in both the residential and commercial sectors. The impact of technology on the industry will be examined and students will develop the ability to be technologically savvy to enhance marketing prowess. Prerequisite: BUS 0. credits BUS 2 FUNDAMENTALS OF SPORTS MARKETING This course is designed to teach students how to apply the 10 basics of marketing to the sports world. Students will learn about the sports marketing industry as a whole, its trends, and marketing to fans and corporate partners. The importance of sports marketing to professional sports teams and athletes, the different sources of sports marketing and career options in sports marketing will also be addressed. Prerequisite: BUS 0. credits BUS 4 INTERNATIONAL BUSINESS (formerly BUS 24) The study of international business includes the theories of international trade and investment and the international monetary system. The economic, cultural, political, legal and financial forces impacting business are studied and their effects analyzed. Prerequisites: BUS 101 and ECO 251 or ECO 252. credits BUS 5 CONSUMER BEHAVIOR This course will provide students with an understanding of consumer behavior that is essential to designing an effective marketing strategy. The course employs economic, psychological and sociological theories to investigate and analyze customer reaction to products and services. The understanding gained will help students identify opportunities and improve comprehension of the marketing environment. Prerequisite: BUS 0. credits BUS 7 MARKETING STRATEGY Study of marketing strategy as a vital component of a firm s overall business strategy. Students will comprehend how to proactively select target markets, geographies, services and clients to position a firm advantageously ahead of its competition. The focus will be on understanding how to identify a firm s unique differentiators to articulate meaningful value propositions and create a strategic marketing plan. Prerequisite: BUS 5. credits BUS 8 FUNDAMENTALS OF MARKETING RESEARCH This course provides the primary tool for exploring new opportunities in the marketplace by the systematic gathering, recording, analyzing, and use of data relating to the transfer and sale of goods and services from produces to consumer. Emphasis will be on how to: specify information needs and design a research study to meet those needs; collect, analyze and use marketing research data to make effective marketing decisions; and communicate the research findings and their implications to various publics, including top management. Prerequisites: MAT 115, BUS 0, and BUS 4. credits BUS 40 INTERNATIONAL MARKETING This course is designed to provide students with a fundamental understanding of the globalization of marketing activities. It will explore a variety of marketing issues (branding, segmenting, positioning, pricing, distribution, advertising, etc.) from crossnational and cross-cultural perspectives, and students will learn how to assess appropriate global opportunities. Prerequisite: BUS 0. credits BUS 42 DIGITAL MEDIA MARKETING This course will equip students with the knowledge and skills to

11 build and sustain successful, integrated digital media marketing programs. With consumers and businesses increasingly shifting their attention from traditional marketing media - television, radio and print publications - to the Internet, wireless devices and other digital media, students will learn how to make online media campaigns a pivotal part of marketing plans. Ability will also be developed to target and deliver smart marketing messages to on-the-go and digital media savvy audiences. Prerequisites: BUS 7 and CIS 102. credits BUS 4 QUANTITATIVE ANALYSIS FOR BUSINESS APPLICATIONS This course is designed to equip students with the analytical skills essential for success in business. The course will provide students with hands-on experience in analyzing financial and economic data to assist in business decision making. Prerequisites: MAT 115 and CIS 102. credits BUS 45 OPERATIONS MANAGEMENT This course is intended to be a survey of operating practices and models in both manufacturing and service oriented firms, including topics of quality control, designing, acquiring, operating, and maintaining inventories, facilities, and processes. It is intended to provide managers in all functional areas with sufficient knowledge to make informed total business decisions and to introduce standard terms and concepts for communications with operating personnel. Prerequisites: BUS 01 and BUS 4. credits BUS 50 CORPORATE FINANCE (formerly ECO 250 and 50) The objective of the course is to further a student s understanding of the decisions made by finance managers in organizations. Topics include cash flow analysis under uncertainty, financial statement analysis, time value of money, equity markets and stock valuation, capital investment decisions, capital market theory, cost of capital, dividend and dividend policy. Prerequisites: BUS 4 and ECO 251/252. (Offered Fall, Spring) credits BUS 60 COMPUTER INFORMATION SYSTEMS IN BUSINESS This course examines the use of computer-based information systems in large, typically global, corporations to support the information needs of all levels and functions of the organization. Students learn about the hardware and application software architectures, the organizational issues, the system development processes, and the decision support tools used in industry. The role of Information Technology in the corporation s strategic plans and in providing a competitive advantage is studied. credits BUS 62 FINANCIAL ACCOUNTING I (INTERMEDIATE I) (formerly BUS 262) An in-depth investigation and study of the use and application of accounting information to the decision-making process. Subject matter consists primarily of methods and concepts of financial reporting and techniques of current and longterm asset valuation. Discussion of current conflicts and shortcomings that exist within the traditional structure of accounting theory. Evaluation of latest opinions published by the Financial Accounting Standards Board. Prerequisites: BUS 261 with a C or better. (Offered Fall) credits BUS 6 FINANCIAL ACCOUNTING II (INTERMEDIATE II) (formerly BUS 26) This course builds on BUS 62 Financial Accounting I. Subject matter consists primarily of detailed concepts and techniques of handling current and long-term liabilities and the owners equity accounts, and their impact on financial reporting. Significant consideration of problems associated with implementation of accounting changes, taxation and inflation. Continual discussion of latest opinions of the Financial Accounting Standards Board and current controversial topics within the profession. Prerequisite: BUS 62 with a C or better. (Offered Spring) credits BUS 64 COST AND MANAGERIAL ACCOUNTING SYSTEMS (formerly BUS 264) Concepts and techniques of cost and managerial information systems are discussed and applied in a variety of organizational situations. Specific topics include job order and process costing, joint product and comparative costs, cost behavior analysis, planning and controlling material, labor, and factory overhead. Prerequisite: BUS 261 with a C or better. (Offered Fall) credits BUS 65 ADVANCED COST MANAGERIAL ACCOUNTING SYSTEMS AND QUANTITATIVE METHODS (formerly BUS 265) Comprehensive study of cost data and mathematical tools currently used in management s decision making and future forecasting and planning. Specific topics include standard cost, short and long range budgeting, direct costing, cost volume profit analysis, project planning and progress control, responsibility accounting, performance measurements and transfer pricing. Concepts will be applied to representative case studies. Prerequisite: BUS 64 with a C or better. (Offered Spring) credits BUS 66 TAXATION I (formerly BUS 266) A study of the basic principles of federal income taxation as applied to individuals, partnerships and corporations, Social Security, Gift, and Estate Taxes. Consideration will be given to personal income tax returns and their preparation. An analysis of the role of taxation in the development of managerial policies in work organizations. Prerequisite: BUS 261 with a C or better. (Offered Fall) credits BUS 67 TAXATION II (formerly BUS 267) Analysis of Federal and New York State Income Tax laws as they apply to partnerships, corporations and fiduciaries. Prerequisite: BUS 66 with a C or better. (Offered Spring) credits BUS 68 ADVANCED ACCOUNTING (formerly BUS 268) A study of the theory of partnership formation, operation 11

12 and liquidation. Also provides an analytical overview of the accounting problems associated with business combinations and the preparation of financial reports that reflect statements of the American Institute of Certified Public Accountants, the American Accounting Association and the Securities and Exchange Commission. Prerequisite: BUS 6 with a C or better. (Offered Fall) credits BUS 69 AUDITING (formerly BUS 269) Introduction to the Accountant s independent review and evaluation of a client s financial statements. Included in this course will be the discussion of such related factors in current accounting practice as: systems of internal control, record keeping and related testing procedures, ethical, social and political influences of the accounting profession, auditing standards: computer auditing, use of statistical sampling and an analysis of the Sarbanes-Oxley Act as it applies to audits of public companies. Prerequisite: BUS 6 with a C or better. (Offered Spring) credits BUS 70 GOVERNMENT AND NOT-FOR-PROFIT ACCOUNTING This course provides an in-depth study of the systems, theories, and applications of the special accounting procedures and problems with respect to governmental and not-for-profit entities. Prerequisite: BUS 6 with a C or better. (Offered Spring) credits BUS 72 COMPUTERIZED ACCOUNTING AND COMPUTER SYSTEMS This course addresses key concepts and trends in accounting information systems technology. Contemporary issues such as ethics and the effect of information technology on business are presented along-side traditional topics such as internal control, accounting cycles, documentation techniques and systems development. Students gain practical experience working with a computerized accounting system. Prerequisite: BUS 260 with a C or better. (Offered Spring) credits BUS 80 INVESTMENT MANAGEMENT This course provides a framework for trading-off risk versus return in valuing stocks and bonds. In addition, this course evaluates how to aggregate securities into an optimal portfolio. credits BUS 81 RISK MANAGEMENT This course will provide a framework for making risk management and insurance decisions to increase business value and individual welfare. The course will familiarize students with insurance contracts and markets. credits BUS 82 FINANCIAL MARKETS AND INSTITUTIONS This course examines the role of financial markets and the different types of assets traded in these markets. In addition, this course will focus on the services provided by financial intermediaries. credits BUS 84 REAL ESTATE FINANCE AND INVESTMENTS This course explores the key concepts of valuing real estate as an investment, as well as evaluating the alternatives and market available to finance real estate. credits BUS 90 TOPICS IN BUSINESS (formerly BUS 296) In-depth study of topics not included in detail in the regular curriculum cycle. Title of the course will be announced prior to the term offered. Prerequisite: Junior or Senior status, approval of Chairperson. This course may be repeated for credit. 1- credits BUS 401 VALUE INVESTING This course is built on the works of Benjamin Graham, the father of security analysis. Value investing teaches students how to determine the fundamental value of a company and how to capitalize on potential mispricings in the market. credits BUS 460 BUSINESS INTERNSHIP (formerly BUS 280 Business Internship) Professional experience in a business organization under college supervision and the guidance of participating personnel at the place of business. During this experience, the student investigates and discusses in a seminar such topics as goal setting/job analysis, training techniques, conflict resolution and problem solving. To aid the student in evaluating the internship experience, the student keeps a journal to record goals and objectives, thoughts, feelings and evaluation about the business experiences and preparation for the position. Prerequisite: Permission of Department Chairperson. (Offered Fall, Spring) credits BUS 470 INDEPENDENT STUDY (formerly BUS 291) Independent study in an area approved by the Chairperson for students with a minimum index of.0. The student works under the guidance of a member of the Business Management Faculty. (Offered upon request) 1- credits BUS 484 STRATEGIC MANAGEMENT (formerly BUS 284) The study of strategic management concepts as they apply to corporations. Topics include strategy formulation encompassing assessment of a company s strengths, opportunities, competitive threats and long-term objectives. Case studies and simulated exercises will be utilized to develop students strategic thinking. Prerequisites: BUS 101, 01, 0, 50. credits BUS 490 ENTREPRENEURSHIP (CAPSTONE) This course is the capstone course that integrates the learning acquired in all the other courses. Specifically, students will learn about the entrepreneurial perspective, creating and starting the venture, financing the new venture, and managing and growing the venture. Students will also be required to get involved in an actual business venture to apply the learning to practical situations. Senior status and Program Director s approval is required. credits 12

13 BUS 491 ACCOUNTING RESEARCH SEMINAR Comprehensive review of Accounting principles, theories, and practices. Includes the introduction of contemporary accounting issues. The course will assist students in the correlation of their accounting education to situations that they will encounter as they transition into their professional careers. Recommended for Seniors. Note: Course should be taken by Accounting Majors in lieu of BUS490 - Entrepreneurship. (Offered Spring) credits Economics Courses ECO 112 WEB APPLICATIONS: CIS AND ELECTRONIC COMMERCE (also CIS 112) Lab Fee-$ credits ECO 251 MACROECONOMICS (formerly ECO 151) This course is the study of the economy as a whole. It considers the problems of inflation, unemployment, business cycles and growth. It focuses on aggregate relationships such as how household consumption is related to income and how government policies can affect growth. credits ECO 252 MICROECONOMICS (formerly ECO 152) This course encompasses the study of individual choice, and how that choice is influenced by economic forces. Microeconomics studies such things as the pricing policies of firms, households decisions on what to buy and how markets allocate resources among alternative ends. Topics include: foundations of supply and demand, market structure and policy and factor markets. credits ECO 10 FUNDAMENTALS OF RISK MANAGEMENT AND INSURANCE Study of risk management and insurance from the consumer s perspective. Students will examine the pervasive nature of pure risk on the individual and on society and understand the way in which insurance can be used to deal with the problems posed by such risks. Topics include: risk identification and management, structure and analysis of insurance contracts and various types of insurance policies. credits ECO 12 FUNDAMENTALS OF REAL ESTATE INVESTMENT This course provides a broad introduction to real estate with a focus on financing issues. Topics covered include: basic project evaluation, financing strategies and capital markets issues related to real estate. credits and international financial markets, central banking, monetary policy and the Federal Reserve System. Prerequisites: ECO 251 or ECO 252; and BUS 4. credits ECO 20 INTERNATIONAL ECONOMICS (formerly ECO 220) An examination of international trade and international financial relations to assist students in understanding the impact of international economic matters on the domestic economy. Topics include: U.S. commercial policy, international and regional trade organizations, international currency systems and monetary approach to balance of payments. Prerequisite: ECO 15. credits ECO 21 INTERNATIONAL FINANCIAL MARKETS This course focuses on international financial markets and exchange rates. Topics include: pricing in the foreign currency and Euro-currency markets, use of forward exchange for hedging, short-terms returns and market efficiency in the international money market, foreign currency options, international capital asset pricing, pricing of foreign currency bonds, swaps, derivatives, Euro-currency syndicated loans, foreign currency financing and exposure management. Prerequisites: ECO 15, MAT 115. credits ECO 25 FUNDAMENTALS OF INVESTMENT PLANNING This course is designed to acquaint the student with the concepts of portfolio analysis in the general area of personal investment planning. Topics include: securities, mutual funds, stock markets, portfolio management and bond valuation. Prerequisite: ECO 15. credits ECO 0 FUNDAMENTALS OF RETIREMENT AND ESTATE PLANNING This course gives students the tools and techniques of retirement and estate planning. Broad topics include: pensions and deferred compensation, life, health and other benefits, wills, probates and trusts. Prerequisite: ECO 25. credits ECO 90 TOPICS IN ECONOMICS (formerly ECO 296) In-depth study of topics not included in the regular curriculum cycle. Title of the course will be announced prior to the term offered. Prerequisite: Junior or Senior Status, approval of Director of Undergraduate Programs in Business. This course may be repeated for credit. 1- credits ECO 470 INDEPENDENT STUDY Independent study in an area approved by the Chairperson for students with a minimum index of.0. The student works under the guidance of a member of the Business Management Faculty. (Offered upon request) 1- credits ECO 15 MONEY, BANKING AND FINANCIAL MARKETS (formerly ECO 215; formerly Money and Banking) Study of money, banking and financial markets in the global context. Topics include: Banking in the digital age, domestic 1

14 Business MBA Program C10-Casey Center , Ext. 670 C. Ed Weis, J.D., Ph.D., CPA, CFA, Dean of the Division of Business Raymond L. Manganelli, Ph.D., Associate Dean and Director Graduate Programs in Business Business Division Program Philosophy The Molloy College Mission Statement establishes the framework for the Masters Program in Business. It states that in an environment where academic freedom, a spirit of inquiry and respect for each individual s worth and dignity prevail, students acquire the knowledge and skills necessary to meet the challenges of modern life. The MBA Program builds on Molloy s Catholic and Dominican tradition. Graduate education fosters a high level of scholarly inquiry for expansion of knowledge, self-enrichment and achievement of personal and professional goals. The Business Division is committed to the preparation of knowledgeable, creative and effective business leaders. The Business Division believes it has three key competitive strengths: A talented faculty that features an ideal blend of experienced educators with the highest degree in their academic field and highly successful business leaders through their professional endeavors; Small class size that leads to personalized instruction; and Close faculty advisement. The MBA program prepares students to perform with distinction in their professional careers. Business Division MBA Program Goals Graduates of the MBA program will: Demonstrate mastery of management or accounting theory and practice, finance or personal financial planning Integrate ethical concepts as they apply to business decisions Employ logical and critical reasoning, the capacity for analysis and judgment and action-oriented strategic planning Use written and oral communication skills effectively, emphasizing professional presentation and team participation Demonstrate an understanding of organizational theory as it applies to decision-making, leadership and change Use quantitative skills to analyze and evaluate current 14 business issues and problems Demonstrate respect for others in our global society. Admissions Requirements Requirements for admission and matriculation into the Master of Business Administration Program include the following. Applicants must: Possess an appropriate Baccalaureate Degree from an accredited college or university. Students who do not have a Bachelor s degree in business must complete the prerequisite courses listed under Programs of Study Leading to Master of Business Administration Degree. Submit an official transcript of all undergraduate work and any prior graduate courses taken. Molloy College will accept a maximum of six graduate transfer credits having a grade of B or better from another accredited college or university. These credits must have been completed within the last ten years and must correspond in content to courses offered in Molloy s MBA Program. Foreign documents must be accompanied by a certified English translation and evaluation by WES or GLOBE. Students found to be deficient in the English language may be required to complete a College sponsored English placement exam prior to the start of their studies. Complete the graduate degree program application, including an essay detailing personal academic and professional goals. Have achieved a minimum GPA of.0 on a 4.0 scale overall grade point average in undergraduate work or 450 on the Graduate Management Admission Test (GMAT). (Students showing promise and having a GPA below.0 may be accepted on a probationary status. Completion of six graduate credits in this program with an average grades of B or better is required to stay in the program.) Possess basic computer skills related to application software and information processing. Submit three letters of recommendation from former college professors and/or professional associates. Provide evidence of appropriate business experience. Schedule a personal interview with the Program Director and the Graduate Admissions Counselor. Students will have five years to complete the program. Provisional Academic Status: Students who have been accepted into the MBA program, but have not fully met the Graduate Admissions criteria, may register for courses and must receive a grade of B in the first six (6) credits taken. Re-evaluation for continued matriculated status will follow completion of these courses. Failure to achieve a grade of B or better in the first six (6) credits taken will result in either being placed on academic probation or dismissal from the program. Note: The Division of Business reserves the right to make necessary changes in programs and courses in response to regulations received from the New York State Education

15 Department and/or New York State Office of the Professions. These changes become effective according to dates specified by New York State. Students are responsible for meeting all program requirements. Programs of Study for MBA Degrees: Accounting - M.B.A. New York State Registered Program Code: New York State Registered Program Code: (Dual BS/MBA) HEGIS Code: {Accounting} Prerequisites: Bachelor s Degree in Accounting or any Bachelor s Degree and Prerequisite Undergraduate courses: Total Required: 0 credits Core Courses (12 credits required): BUS 511 Organizational Behavior BUS 515 Business Ethics and Professional Responsibility BUS 520 Financial Statement Analysis BUS 521 Corporate Financial Management Accounting Concentration (15 BUS 50 Accounting Theory BUS 505 Accounting Research BUS 507 Computer Auditing BUS 580 Managerial Economic Analysis BUS 585 Quantitative Analysis Supporting Managerial Decisions Capstone Course ( credits required): BUS 595 Capstone Total Required: 0 Prerequisite Undergraduate Courses for those who do not have a Bachelor s Degree in Accounting: Students who hold a bachelor s degree that is not in Accounting must complete the following prerequisite courses with a grade of C or better before completion of the Graduate Program. Accounting Prerequisite Undergraduate Courses (54 CIS 105 Computer Applications for Business (Can test out) ECO 251, 252 Macroeconomics, Microeconomics 6 MAT 129 Elementary Statistics for Business BUS 240, 241 Business Law I, II 6 BUS 260, 261 Accounting I, II 6 BUS 01 Principles of Management BUS 50 Corporate Finance BUS 62, 6 Financial Accounting I, II (Intermediate Accounting) 6 BUS 64 Cost Accounting BUS 66, 67 Taxation I, II 6 BUS 68 Advanced Accounting BUS 69 Auditing BUS 70 Government/Nonprofit Accounting Prior coursework will be evaluated on an individual basis. Students may be awarded credit for prerequisite requirements based upon prior academic work completed. Coursework must have been completed within the last ten years. Finance - M.B.A. New York State Registered Program Code: 4117 New York State Registered Program Code: 4118 (Dual BS/MBA) HEGIS Code: {Banking and Finance} Prerequisites: Bachelor s Degree in Finance or any Bachelor s Degree and Prerequisite Undergraduate courses: Total Required: credits Core Courses (9 credits required): BUS 511 Organizational Behavior BUS 515 Business Ethics and Professional Responsibility BUS 521 Corporate Financial Management Finance Concentration (21 BUS 500 Information Systems for Managers BUS 50 Accounting Theory BUS 559 Investment Management BUS 561 Financial Markets and Institutions BUS 580 Managerial Economic Analysis Quantitative Analysis BUS 585 Supporting Managerial Decisions Complete either BUS 520 or BUS 562: BUS 520 Financial Statement Analysis * or BUS 562 Value Investing * Capstone Course ( credits required): BUS 595 Capstone Total Required: NOTE: BUS 520 (Financial Statement Analysis) or BUS 562 (Value Investing) are both credit courses for the MBA in Finance that can be taken interchangeably toward the MBA in Finance degree. 15

16 Prerequisite Undergraduate Courses for those who do not have a Bachelor s Degree in Finance: Students who hold a bachelor s degree that is not in Finance must complete the following prerequisite courses with a grade of C or better in each course before completion of the Graduate Program. Finance Prerequisite Undergraduate Courses (21 CIS 105 Computer Applications for Business (Can test out) ECO 251, 252 Macroeconomics, Microeconomics 6 MAT 129 Elementary Statistics for Business BUS 260, 261 Accounting I, II 6 BUS 50 Corporate Finance Prior coursework will be evaluated on an individual basis. Students may be awarded credit for prerequisite requirements based upon prior academic work completed. Coursework must have been completed within the last ten years. Management - M.B.A. New York State Registered Program Code: New York State Registered Program Code: (Dual BS/MBA) HEGIS Code: {Business Management and Administration} Prerequisites: Bachelor s Degree in Business or any Bachelor s Degree and Prerequisite Undergraduate Courses. Total Required: credits Core Courses (12 credits required): BUS 511 Organizational Behavior BUS 515 Business Ethics and Professional Responsibility BUS 520 Financial Statement Analysis BUS 521 Corporate Financial Management Management Concentration (18 BUS 501 Managerial Accounting and Reporting BUS 540 Leadership in Organizations BUS 550 Perspectives on Strategy BUS 570 International Business BUS 585 Quantitative Analysis Supporting Managerial Decisions Complete either BUS 500 or BUS 510: BUS 500 Information Systems for Managers * or BUS 510 Marketing Management * Capstone Course ( credits required): BUS 595 Capstone Total Required: NOTE: BUS 500 (Information Systems for Managers) or BUS 510 (Marketing Management) are both credit courses for the MBA in Management that can be taken interchangeably toward the MBA in Management degree. Prerequisite Undergraduate Courses for those who do not have a Bachelor s Degree in Business: Students who hold a bachelor s degree that is not in Business must complete the following prerequisite courses with a grade of B or better in each course within one year of being accepted into the Graduate Program. Management Prerequisite Undergraduate Courses (24 CIS 105 Computer Applications for Business (Can test out) MAT 129 Elementary Statistics for Business BUS 240 Business Law I BUS 260 Accounting I BUS 01 Principles of Management BUS 0 Principles of Marketing BUS 50 Corporate Finance AND - One of the following*: ECO 200 Introductory Economics, or * ECO 251 Macroeconomics, or * ECO 252 Microeconomics * Prior coursework will be evaluated on an individual basis. Students may be awarded credit for prerequisite requirements based upon prior academic work completed. Coursework must have been completed within the last ten years. Personal Financial Planning - M.B.A. New York State Registered Program Code: New York State Registered Program Code: (Dual BS/MBA) HEGIS Code: {Business Management and Administration} Prerequisites: Bachelor s Degree in Business or any Bachelor s Degree and Prerequisite Undergraduate Courses. Total Required: credits Core Courses (12 credits required): BUS 511 Organizational Behavior BUS 515 Business Ethics and Professional Responsibility BUS 520 Financial Statement Analysis BUS 521 Corporate Financial Management Personal Financial Planning Concentration (18 BUS 525 Financial Planning and Process Insurance BUS 50 Investment Planning BUS 55 Income Tax Planning 16

17 BUS 54 Retirement Planning and Employee Benefits BUS 545 Estate Planning BUS 560 Advanced Topics in Finance Capstone Course ( credits required): BUS 595 Capstone Total Required: Prerequisite Undergraduate Courses for those who do not have a Bachelor s Degree in Business: Students who hold a bachelor s degree that is not in Business must complete the following prerequisite courses with a grade of C or better before completion of the Graduate Program. Personal Financial Planning Prerequisite Undergraduate Courses (24 CIS 105 Computer Applications for Business (Can test out) MAT 129 Elementary Statistics for Business BUS 240 Business Law I BUS 260 Accounting I BUS 01 Principles of Management BUS 0 Principles of Marketing BUS 50 Corporate Finance AND - One of the following*: ECO 200 Introductory Economics, or * ECO 251 Macroeconomics, or * ECO 252 Microeconomics * Prior coursework will be evaluated on an individual basis. Students may be awarded credit for prerequisite requirements based upon prior academic work completed. Coursework must have been completed within the last ten years. Programs of Study for MBA Degrees: Only one M.B.A. degree will be awarded for two concentrations upon completion of all requirements in both concentrations. The total credits needed will include all courses and prerequisites for both concentrations. Accounting and Finance - M.B.A. Total Required: 9 credits Students wishing to achieve the M.B.A. degree with both the Accounting and the Finance concentrations must have approval of the Program Director. Prior coursework will be evaluated on an individual basis. All the prerequisites and concentration requirements for both programs of study must be met. Only one M.B.A. degree will be awarded for both concentrations upon completion of all requirements in both concentrations. (Note that BUS 520 must be taken to complete both the concentration of Finance and the Accounting Core requirements within 9 total credits. If taking BUS 562 for the Finance concentration, BUS 520 will be needed to meet the Accounting Core Requirements for a total of 42 credits.) Completion of both concentrations in Accounting and Finance will be noted on the student s academic record. Students who have already earned the M.B.A. from Molloy College may not return for a second M.B.A. in another business concentration at a later date. Accounting and Management - M.B.A. Total Required: 45 credits Students wishing to achieve the M.B.A. degree with both the Accounting and the Management concentrations must have approval of the Program Director. Prior coursework will be evaluated on an individual basis. All the prerequisites and concentration requirements for both programs of study must be met. Only one M.B.A. degree will be awarded for both concentrations upon completion of all requirements in both concentrations. Completion of both concentrations in Accounting and Management will be noted on the student s academic record. Students who have already earned the M.B.A. from Molloy College may not return for a second M.B.A. in another business concentration at a later date. Accounting and Personal Financial Planning - M.B.A. Total Required: 48 credits Students wishing to achieve the M.B.A. degree with both the Accounting and the Personal Financial Planning concentrations must have approval of the Program Director. Prior coursework will be evaluated on an individual basis. All the prerequisites and concentration requirements for both programs of study must be met. Only one M.B.A. degree will be awarded for both concentrations upon completion of all requirements in both concentrations. Completion of both concentrations in Accounting and Management will be noted on the student s academic record. Students who have already earned the M.B.A. from Molloy College may not return for a second M.B.A. in another business concentration at a later date. Finance and Management - M.B.A. Total Required: 45 credits Students wishing to achieve the M.B.A. degree with both the Finance and the Management concentrations must have approval of the Program Director. Prior coursework will be evaluated on an individual basis. All the prerequisites and concentration requirements for both programs of study must be met. (Note that BUS 500 must be taken to complete both the concentration of Finance and the concentration of Management within 45 total credits. If taking BUS 510 for the Management concentration, BUS 500 will be needed to meet the Finance concentration for a total of more credits.) If taking BUS 562 for the Finance concentration, BUS 520 will be needed to meet the Management core for a total of more credits.) Students must take BUS 500 and BUS 520 to graduate within 45 credits. Students taking BUS 510 and BUS 562 will graduate with 51 credits. Only one M.B.A. degree will be awarded for both concentrations upon completion of all requirements in both concentrations. Completion of both concentrations in Finance and Management will be noted on the student s academic record. Students who have already earned the M.B.A. from Molloy College may not return for a second M.B.A. in 17

18 another business concentration at a later date. Finance and Personal Financial Planning - M.B.A. Total Required: 51 credits Students wishing to achieve the M.B.A. degree with both the Finance and the Personal Financial Planning concentrations must have approval of the Program Director. Prior coursework will be evaluated on an individual basis. All the prerequisites and concentration requirements for both programs of study must be met. Only one M.B.A. degree will be awarded for both concentrations upon completion of all requirements in both concentrations. Completion of both concentrations in Finance and Personal Financial Planning will be noted on the student s academic record. Students who have already earned the M.B.A. from Molloy College may not return for a second M.B.A. in another business concentration at a later date. Management and Personal Financial Planning - M.B.A. Total Required: 51 credits Students wishing to achieve the M.B.A. degree with both the Management and the Personal Financial Planning concentrations must have approval of the Program Director. Prior coursework will be evaluated on an individual basis. All the prerequisites and concentration requirements for both programs of study must be met. Only one M.B.A. degree will be awarded for both concentrations upon completion of all requirements in both concentrations. Completion of both concentrations in Accounting and Management will be noted on the student s academic record. Students who have already earned the M.B.A. from Molloy College may not return for a second M.B.A. in another business concentration at a later date. Business Graduate Course Descriptions BUS 500 INFORMATION SYSTEMS FOR MANAGERS This course gives the student an overview of the various types of information systems available in business and their role in crafting business strategy and in effective decision-making. Exposure will be given to transactions processing systems, decision support systems, executive support systems, expert systems, with special emphasis on management information systems. In addition to covering emerging technologies, the course will also address ethical concerns related to advancements in information technology. Prerequisite: CIS 102. credits BUS 501 MANAGERIAL ACCOUNTING AND REPORTING This course equips the student with the essential management accounting tools that enhance a manager s ability to understand how the numbers are computed, what they mean, and how managers and finance professionals can work together to use them to improve an organization s competitive stance. Topics include costing, budgeting, capital budgeting and product costing. Prerequisite: BUS 260. credits BUS 50 ACCOUNTING THEORY Statements and pronouncements of the Financial Accounting Standards Board, the American Institute of Certified Public Accountants, the American Accounting Association, the Securities and Exchange Commission and the Government Accounting Standards Board are analyzed. Advanced theory in mergers, acquisitions and bankruptcies are studied. Prerequisites: BUS 6, BUS 68. credits BUS 505 ACCOUNTING RESEARCH Knowledge of applied research is expected of accounting graduates. This course takes the position that an integration of real world events and ideas and the use of unstructured problems in the curriculum are needed for students to be successful in the accounting profession in today s volatile global business environment. Students develop a foundation of applied accounting research and skills in handling application issues. Prerequisites: BUS 68, BUS 50. credits BUS 507 COMPUTER AUDITING This course examines auditing theory and concepts and their relationship to management advisory services, electronic data processing and computerized management information systems. Prerequisites: BUS 69, CIS 102. credits BUS 510 MARKETING MANAGEMENT This course provides a managerial view of the marketing process in a customer-driven organization. The course examines strategies and decision making as they relate to the design and implementation of marketing programs and the marketing mix. The critical role of marketing in strategic planning will be explored, as well as important international and ethical issues. Topics covered include gathering market and competitive intelligence; opportunity analysis; segmenting, targeting and positioning strategies; the role of marketing research; the new product development process; understanding consumer & business behavior; and developing integrated marketing communications. The course also studies emerging trends in both theory and business marketing practices. credits BUS 511 ORGANIZATIONAL BEHAVIOR This course is a study of individual and group behavior in organizational settings. The foundations, realities and challenges of the discipline are examined. Topics include motivation, team building, group dynamics, leadership, communication, decision-making, power and politics, negotiation and conflict management. Interpersonal and multicultural skills will be incorporated into the micro and macro perspectives of the course to help the graduate student operate effectively in a global environment. Prerequisite: BUS 01. credits 18

19 BUS 515 BUSINESS ETHICS AND PROFESSIONAL RESPONSIBILITY This course explores ethical concepts and issues important to business decisions. Students will discuss current business ethics issues such as executive compensation, corporate social responsibility and the challenges business managers face from all constituencies - shareholders, employees, communities, environmental interests and similarly situated groups. Students will explore how ethics can be integrated into strategic business decisions. Business cases will be analyzed to prepare students for ethical dilemmas they may face in their business careers. Prerequisite: Program Director s Approval. credits BUS 520 FINANCIAL STATEMENT ANALYSIS As managers and users, students must understand the measurement issues underlying financial statements before they can interpret and meaningfully use them. This course presents financial accounting in an economic context to help students make effective managerial decisions. Prerequisites: BUS 260, ECO 200. credits BUS 521 CORPORATE FINANCIAL MANAGEMENT This course examines theoretical principles and analytical techniques used in corporate decision making, including: capital budgeting, capital structure, dividend policy decisions, international financial management, corporate acquisitions, financial statement analysis and working capital management. Prerequisites: BUS 50, BUS 520. credits BUS 525 FINANCIAL PLANNING PROCESS AND INSURANCE This course provides the basics that will form the foundation of knowledge needed as a working financial services professional. The financial planning process, as well as the legal, ethical and regulatory issues affecting financial planners, and time value of money concepts are covered. The course continues with a discussion of the principles of risk management and insurance, allowing the student to identify a client s risk exposure and select appropriate risk management techniques. credits BUS 50 INVESTMENT PLANNING This course surveys a wide variety of investment vehicles that may be included in a client s portfolio, as well as client assessment, tax considerations, economic factors, valuation methods, asset allocation techniques, portfolio performance evaluation and more. Prerequisite: BUS 525. credits BUS 55 INCOME TAX PLANNING The course emphasizes fundamentals of individual income taxation, the tax implications of various types of businesses, tax-advantaged investments, employee compensation issues and planning alternative minimum tax, tax traps and more. Prerequisite: BUS 525. credits BUS 540 LEADERSHIP IN ORGANIZATIONS This course is a study of leadership in business organizations from the perspective of the importance of effective leadership in meeting organizational challenges and achieving results. The course focuses on building the students conceptual skill and insight bases in the sphere of leadership to assist them in moving into leadership positions in organizations. Topics include effective leadership behaviors and attitudes, influence tactics of leaders, motivation and coaching skills, communication and conflict resolution skills, strategic leadership and international and culturally diverse aspects of leadership. Prerequisite: BUS 01. credits BUS 541 ORGANIZATIONAL CHANGE AND DEVELOPMENT This course focuses on the process by which managers sense and respond to change. Emphasis is on both the natural, emergent dynamics and the change that results from consciously set goals and planned interventions. Topics include organizational assessment and diagnosis and strategies for organizational change that increase organizational effectiveness and enhance organizational choice and self-renewal. Prerequisite: BUS 511. credits BUS 54 RETIREMENT PLANNING AND EMPLOYEE BENEFITS The course covers all the major retirement-related issues: retirement savings need analysis, qualified retirement plan design, social security, Medicare and more. In addition, group life, health and disability insurance; non-qualified deferred compensation; and other commonly provided employee benefits are examined. Prerequisites: BUS 525, 50, 55. credits BUS 545 ESTATE PLANNING The course introduces the process of developing an estate plan. Topics covered include federal, estate and gift taxation techniques that reduce the size of a gross estate, wills, intestacy, probate, trusts and more. Prerequisites: BUS 525, 50, 55. credits BUS 546 HUMAN RESOURCES MANAGEMENT (also NUR 546) credits BUS 547 HEALTH CARE FINANCE AND BUDGETING (also NUR 547) credits BUS 550 PERSPECTIVES ON STRATEGY This course gives the student an integrative perspective on strategy. It provides the opportunity to sharpen analytical skills by exploring, in detail, selected concepts in management and marketing and by introducing additional frameworks specifically addressing strategic decisions. Topics include the concept of strategy, industry and competitor analysis, identifying and sustaining competitive advantage, developing and analyzing strategic options and crafting and implementing strategies. Prerequisites: BUS 01, BUS 0. credits BUS 559 investment MANAGEMENT This course describes the role of financial assets in the economy. It also evaluates the optimal way to combine financial assets 19

20 into a portfolio given the trade-off between risk and return. Finally, this course describes a brief overview of securities markets. credits BUS 560 ADVANCED TOPICS IN FINANCE The course is an intensive review of how returns on investments can be maximized. Topics, such as asset allocation, analysis of stock and bond market cycles, technical and analysis, behavioral analysis of investors, option and hedging strategies, advance topics in mutual funds, fixed income securities and portfolio construction are addressed. Prerequisite: BUS credits BUS 561 FINANCIAL MARKETS AND INSTITUTIONS This course provides an overview of the various securities markets. It also describes depository institutions, insurance companies, investment banks, mutual funds and pension funds. credits BUS 562 VALUE INVESTING This course is built on the investment philosophy of Warren Buffett. Value investing teaches students how to determine the fundamental value of a company and how to capitalize on potential mispricings in the market. credits BUS 570 INTERNATIONAL BUSINESS This course introduces the graduate student to the field of international business management. The focus is on comprehending the new global strategic imperatives and the new transnational organizational demands. A variety of topics will encompass understanding one s host country environment, being sensitive to cross-cultural differences and being able to manage operations separated by the barriers of distance, language, time and culture. Prerequisites: BUS 01, BUS 0. credits BUS 580 MANAGERIAL ECONOMIC ANALYSIS This course in managerial economics equips accounting students with the knowledge and skills required to use economic analysis to make business decisions involving the best use of an organization s scarce resources. Prerequisites: ECO 251, ECO 252. credits BUS 585 QUANTITATIVE ANALYSIS SUPPORTING MANAGERIAL DECISIONS This course provides the students with an overview of the methods and logic behind the quantitative tools and measurement techniques employed in a modern business setting. Topics include game theory, probability concepts and applications, decision trees, linear programming and simulation modeling. Prerequisites: CIS 102, MAT 115 and Program Director s Approval. credits BUS 590 TOPICS IN BUSINESS Special topics designed to explore current issues in business to expand the knowledge and skill base of graduate students. Title of the course will be announced in the Course Schedule listing. This course is an elective, and may be applied towards the MBA degree. Prerequisite: Program Director s Approval. 1- credits BUS 595 CAPSTONE (formerly Entrepeneurship/Intrapeneurship (Capstone)) This is the capstone course that integrates the learning acquired in all the other courses. Specifically, students are encouraged to be entrepreneurial in their outlook, whether starting a new business venture, or being creative in an existing business setting. Topics include: preparing a business plan, accounting and financial matters, legal issues, technology considerations and successful marketing. Prerequisites: BUS 240 and Program Director s Approval. credit 20