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Accounting & Law Courses

Undergraduate

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ACC1000 - INTRODUCTION TO FINANCIAL ACCOUNTING

INTRODUCTION TO FINANCIAL ACCOUNTING

ACC1000 Introduction to Financial Accounting Foundation Management ACC1000 will provide you with an introduction to the Construction, Analysis and Forecasting of Financial Statements. These financial statements consist of the income statement, the balance sheet and the statement of cash flows as well as the associated explanatory statement footnotes. Using actual entrepreneurial companies as well as publically traded companies you will learn how to prepare, analyze, interpret and forecast financial statements. By the conclusion of the course, you will be able to forecast and analyze financial statements for investment decisions as well as to model and analyze the financial effects of different strategic directions as an owner of the company. These skills will benefit you in whatever career path you choose. Course offered each fall and spring.

4.00 credits

ACC3500 - INTERMEDIATE ACCOUNTING I

INTERMEDIATE ACCOUNTING I

ACC3500 Intermediate Accounting I (General Credit) Broadens the base of financial accounting concepts introduced in ACC1300 and delves more deeply into accounting concepts, techniques and procedures. Topics include inventory, tangible and intangible assets, statement of cash flows, accounting changes, revenue recognition and current and long-term debt. This course is essential for those who plan a career in accounting and recommended for anyone whose career will involve the extensive use of financial statements. Prerequisite: (ACC 1300 or ACC1301) or ACC1000 This course is typically offered in the following semester: Fall

4.00 credits

ACC3502 - INTERMEDIATE ACCOUNTING I: FINANCE

INTERMEDIATE ACCOUNTING I: FINANCE

ACC3502 Intermediate Accounting for Finance (General Credit) This course is especially designed for finance majors who want to become more proficient in the financial accounting skills necessary to effectively read and interpret financial reports. The course is recommended for students interested in careers in financial management and Wall Street. Topics such as inventory, deferred taxes, inter-corporate investments, and pensions will be explored through study of accounting principles, transaction analysis, financial statement disclosure, and through financial statement analysis as it applies to corporate finance, credit analysis, and aspects of investment banking Prerequisite: (ACC1300 OR ACC1301 or ACC1000) AND (MCE AND OEM) OR SME2001 This course is typically offered in the following semesters: Fall and Spring

4.00 credits

ACC4510 - MANAGEMENT PLAN & CONTROL

MANAGEMENT PLAN & CONTROL

ACC4510 Management Planning and Control General Credit) ACC4510 is not a technical accounting course! It is a management-oriented examination of the development and use of strategic planning and control systems. Thus, classroom discussions incorporate knowledge of strategy, marketing, finance, operations, and organizational behavior as well as accounting. This course is especially relevant for students who expect to pursue careers as entrepreneurs, as consultants, or in general management. Also, students interested in management positions in functional areas like corporate finance, management accounting, operations, and human resources are likely to face issues related to strategic control and performance measurement systems throughout their careers. Prerequisites: (OEM and MCE) or SME2001 or permission of instructor

4.00 credits

ACC7035 - AUDITING

AUDITING

ACC7035 Auditing (General Credit) This course examines the interrelation of audit standards, procedures, and internal control techniques with the final auditor's certificate; auditing techniques, statistical sampling methods, and the impact of electronic data processing (EDP) procedures on the auditor. Prerequisite: ACC3501 This course is typically offered in the following semester: Fall

4.00 credits

LAW1000 - BUSINESS LAW

BUSINESS LAW

LAW1000 BUSINESS LAW Foundation Requirement This course is an introduction to business law and the legal system. It teaches students to identify, analyze, handle and prevent legal issues which commonly recur in the business setting and to use law to create and capture value for businesses using knowledge of contracts, business organizations and intellectual property. The course surveys a number of additional business law topics, such as torts and crimes; product liability; agency and employment; consumer protection; and securities law. Prerequisite: NONE This course is typically offered in the following semesters: Fall and Spring This course is a prerequisite to: Integrated Strategic Management (ISM)

4.00 credits

LAW3515 - ENTERTAINMENT LAW

ENTERTAINMENT LAW

LAW3515 Entertainment Law (General Credit) The entertainment industry is by far one of the most lucrative sectors of the global business economy. It encompasses everything from the latest Oscar winning film and Tony award winning play to books on the New York times best seller list and start up rock bands with their own free on line music downloads. This course will explore legal and business issues relating to the development, production, exploitation and regulation of the entertainment industry. Topics to be addressed will include such things as the intellectual property rights of artists, producers and publishers; negotiation and formation of entertainment business contracts; fiduciary responsibilities of agents, managers and lawyers; and 1st amendment issues relating to free speech and obscenity laws. All of this will be covered against the backdrop of examining entertainment products such as films, DVDs, live/recorded/on line music, and printed/on line books and other forms of new media. Prerequisite: LAW13XX or LAW1XXX

4.00 credits

LAW3601 - PUBLIC INTERNATIONAL LAW

PUBLIC INTERNATIONAL LAW

LAW3601 Public International Law and World Order (Advanced Liberal Arts Elective) This course explores the meaning of the "rule of law" in a global context by exploring three themes. First, the classic form of international law, including the concept of statehood and sovereignty, the relationship of nations to each other, and the growth of international organizations. Second, the role and responsibility of individuals in international law, especially in the area of human rights. Third, the developing international law of the earth's common areas, specifically the oceans, space, and the environment. Prerequisite: Foundation Law course, (LAW1000 or LAW 1300 or LAW 1301) This course is typically offered in the following semester: Fall

4.00 credits

LAW3662 - AMER CONST LAW: FEDERAL SYSTEM

AMER CONST LAW: FEDERAL SYSTEM

LAW3662 AMERICAN CONSTITUTIONAL LAW: The American Federal System of Government. 4 credit (Advanced Liberal Arts) The purpose of this class is to acquaint you with the basic legal principles undergirding the American federal system of government. You will study the nature and powers of the Congress, the President, and the Courts, and the interplay of these federal authorities with each other, and the State governments. You will further discover how these principles inform the debates over some of today's most controversial issues, such as health care reform, gun control and the government's war powers. Prerequisite(s): LAW1300 or LAW1000

4.00 credits

SME2001 - MANAGERIAL ACCOUNTING

MANAGERIAL ACCOUNTING

The sophomore management experience MAC and TOM module (SME) integrates two subject streams: Technology and Operations Management (3 credits) and Managerial Accounting (3 credits). This module focuses on the internal organization and processes required for entrepreneurial leaders and managers to successfully test and execute business strategies. To be effective, entrepreneurs and managers must design operations, model the expected performance of operational designs, make decisions that strategically manage costs, and take actions that achieve desired results in an ethical manner. The two streams in this module will help build the skills you need to become ethical entrepreneurial leaders and managers. You will experience how the design of operations impacts measured performance, and how modeling expected results before action is taken leads to improved operational decisions. SME will also provide learning experiences that demonstrate the interconnections between the streams. SME2001 Managerial Accounting 3 credit intermediate management The Managerial Accounting stream in SME builds on knowledge acquired in Financial Accounting but shifts the focus to providing entrepreneurs and managers with relevant information that supports decision making and performance measurement. The stream introduces the language of managerial accounting and teaches students to perform basic management accounting analyses (e.g., costing of cost objects, cost behavior, differential analysis, and performance measurement). The stream requires students to use the results of their analysis to evaluate the design of operations, to make strategic decisions, and to propose action. Issues covered include selecting a profitable mix of products and services, analyzing profits and costs during product development, budgeting for operations, analyzing whether to outsource or insource activities, and managing performance through measurement systems. Throughout the semester we will explore interconnections between management accounting analyses and operational actions. Prerequisites: ACC1000 and FME1001 or MOB1000

3.00 credits

TAX3500 - TAXES

TAXES

TAX3500 Taxes (General Credit) Studies tax administration; income, deductions, and credits; treatment of gains and losses; income taxation of individuals, businesses, estates, and trusts, with an emphasis on income taxation of individuals; and estate and gift taxation fundamentals. Prequisites: OEM and MCE or SME

4.00 credits

ACC1000 - WELLSLY INTRO TO FINANCIAL ACCOUNTING

WELLSLY INTRO TO FINANCIAL ACCOUNTING

This course will be held on Wellesley College Campus There will be two Sunday evening sessions required, Date TBA ACC1000 Introduction to Financial Accounting Foundation Management ACC1000 will provide you with an introduction to the Construction, Analysis and Forecasting of Financial Statements. These financial statements consist of the income statement, the balance sheet and the statement of cash flows as well as the associated explanatory statement footnotes. Using actual entrepreneurial companies as well as publically traded companies you will learn how to prepare, analyze, interpret and forecast financial statements. By the conclusion of the course, you will be able to forecast and analyze financial statements for investment decisions as well as to model and analyze the financial effects of different strategic directions as an owner of the company. These skills will benefit you in whatever career path you choose. The Wellesley College section of ACC1000 is offered in the Spring.

4.00 credits

ACC3501 - INTERMEDIATE ACCOUNTING II

INTERMEDIATE ACCOUNTING II

ACC3501 Intermediate Accounting II (General Credit) This course extends the in-depth study of accounting concepts and techniques which began in Intermediate Accounting I. Topics include earnings per share, leases, pensions and investments. Prerequisite: ACC3500 This course is typically offered in the following semester: Spring

4.00 credits

ACC3510 - FINANCIAL PLANNING & COST CONTROL

FINANCIAL PLANNING & COST CONTROL

ACC3510 Financial Planning and Cost Control (General Credit) Explore cost systems and control for operations in profit and nonprofit organizations, and budgetary considerations and variance analysis, including their relation to fiscal planning and administration. Prerequisite: OEM This course is typically offered in the following semester: Spring

4.00 credits

ACC7040 - ADVANCED ACCOUNTING

ADVANCED ACCOUNTING

ACC7040 Advanced Accounting (General Credit) Theory and problem solving in special accounting areas, including partnerships, foreign operations, consolidations, business combinations, accounting for nonprofit institutions, and government units. Prerequisites: ACC3501. ACC3501can be taken as a co-requisite. This course is typically offered in the following semesters: Spring and Summer I

4.00 credits

LAW1000 - HONORS BUSINESS LAW

HONORS BUSINESS LAW

LAW1000 HONORS BUSINESS LAW Foundation Requirement This course is an introduction to business law and the legal system. It teaches students to identify, analyze, handle and prevent legal issues which commonly recur in the business setting and to use law to create and capture value for businesses using knowledge of contracts, business organizations and intellectual property. The course surveys a number of additional business law topics, such as torts and crimes; product liability; agency and employment; consumer protection; and securities law. Prerequisite: NONE This course is typically offered in the following semesters: Fall and Spring This course is a prerequisite to: Integrated Strategic Management (ISM)

4.00 credits

LAW3525 - WHITE COLLAR AND CORPORATE CRIME

WHITE COLLAR AND CORPORATE CRIME

LAW3525 White Collar and Corporate Crime 4 credit (general credit) We study white collar and corporate crime, which is to say, frauds and schemes and corruption. We will study an array of specific federal crimes in order to understand exactly what actions constitute the crime. We will learn how a crime is prosecuted, from the prosecutor’s first knowledge of the crime to the final punishment. We will learn when a corporate employee can be convicted for something he was told to do by his boss, and when the boss can be convicted for something done by an employee. You will learn what to do if you are the target of a federal investigation or are suddenly arrested, how to disassociate yourself from a conspiracy, and how to make a good faith effort to follow the law, so that even if someday you break a rule and find yourself as the subject of a criminal investigation, you may nonetheless be able to avoid prosecution or at least minimize punishment. You will learn the vocabulary of the federal prosecutor, so that you can be a discerning reader of the law section of the Wall Street Journal and keep current: What sort of business practices is the government now targeting? When should you tread carefully? When should you say no? Prerequisites: LAW1300 0r LAW1301 Students who have taken LAW3594 White Collar and Corporate Crime (2 credits) may not take this course.

4.00 credits

LAW3560 - INTERNATIONAL LAW FOR BUSINESS

INTERNATIONAL LAW FOR BUSINESS

LAW3560 International Law for Business (General Credit) This course explores the basic principals of law as they affect international business. Examines the basic instruments and institutions of the international legal system and cultural underpinnings of major world legal traditions, such as the European Union and the World Trade Organization. Students learn how to structure and execute basic international commercial transactions in goods, services, and technology, including the impact of import-export issues, contract issues, and trade issues on business transactions. The course also examines the structure and regulation of foreign direct investment, including strategic choices for business structures and the impact of regulation on strategy. Finally, the course examines the ethical dimensions of corporate conduct in a transnational setting. This course uses materials from many countries and traditions, and makes extensive use of the World Wide Web. Prerequisite: (LAW 1300 or LAW 1301) or (LAW 1003 or LAW 1004)

4.00 credits

LAW3573 - BUILDING CONTRACTS FOR NEW VENTURE

BUILDING CONTRACTS FOR NEW VENTURE

LAW 3573 Building Contracts for New Ventures (General Credit) Every business operates in a supply chain in which it buys and sells goods and services. The links to these suppliers and customers are formalized in contracts, which is why all managers should know something about how to read and write a contract. This course will teach you how to do that. We will review basic principles of contract law and apply them in a wide variety of transactions. The course will be writing intensive, and will equip you to do on the spot drafting and to understand drafts produced by your counterpart. This skill will enhance your ability to negotiate and structure deals. The foundation law course is a prerequisite, as is a solid ability to write. Prerequisites: (LAW1003 or LAW1004) or (LAW1300 or LAW1301)

4.00 credits

LAW3661 - AMER CONST LAW: CIVIL RIGHTS, LIBERTIES

AMER CONST LAW: CIVIL RIGHTS, LIBERTIES

LAW3661 American Constitutional Law (Advanced Liberal Arts Elective) Explores the specific limitations imposed upon federal, state, and local governments by the United States Constitution in the areas of civil and political rights. These include the rights to free speech and a free press; the right to practice one's religion; the rights of the criminal defendant to counsel and trial by jury, and against self-incrimination, cruel and unusual punishment, and unreasonable searches and seizures; the rights of privacy and due process; and the right to equal protection under the law. Students will study significant United States Supreme Court cases of the past, as well as cases currently pending. Prerequisite: LAW1300, LAW 1301, LAW 1003, or LAW 1004 This course is typically offered in the following semester: Spring

4.00 credits

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Master of Science in Accounting

#5 in Accounting among Business Schools by Bloomberg BusinessWeek