Graduate Courses

The Course Catalog includes course descriptions of all courses offered by F. W. Olin Graduate School of Business. For descriptions of the courses offered in the current or upcoming semesters, please see our Course Listing

 Graduate Course Catalog

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Accounting and Law

MANAGING FINANCIAL PERFORMANCE

ACC6100 MANAGING FINANCIAL PERFORMANCE Financial statements are primary sources of information about a company, a key component of its communication to outsiders, and using that information in decision making is an essential, everyday dimension of business. In this course, students will achieve a thorough understanding of the concepts and mechanics that underlie corporate financial statements, learn how to analyze and interpret financial statements effectively, and develop skills to forecast financial statements as a tool in decision making.

MEASURING AND MANAGING STRATEGIC PERFORM

ACC6101 MEASURING AND MANAGING STRATEGIC PERFORMANCE This course develops the quantitative skills and logical analysis required to evaluate the financial feasibility of strategic opportunities such as entering new markets, pursuing new customers, or introducing new products or processes. MMSP methods also are used to construct profitable business models for new or existing ventures. Asking the simple questions “What is the business model?” and “How will this strategy create a return for the owners?” the course emphasizes that financial analysis should be performed ex ante to screen ideas so entrepreneurs and organizations can get maximum value from their resources. While cases in this course are primarily focused on profit-seeking entities, MMSP approaches may be successfully used on ventures of all kinds that wish to accomplish their strategic goals while using resources efficiently.

RESOURCE PLANNING AND CONTROL (MANG ACCT

ACC6110 RESOURCE PLANNING AND CONTROL (MANAGERIAL ACCOUNTING) This course empowers students with the quantitative skills and logical analysis required to evaluate the financial feasibility of strategic opportunities such as entering new markets, pursuing new customers, or introducing new products or processes. Managerial Accounting methods are also used to construct profitable business models for new or existing ventures. Asking the simple questions “What is the business model?” and “How will this strategy create a return for the owners?” the course emphasizes that financial analysis should be performed ex ante to screen ideas so entrepreneurs and organizations can get maximum value from their resources. While cases in this course are primarily focused on profit-seeking entities, managerial accounting skills may be successfully applied to any venture with an imperative to accomplish challenging strategic goals while using resources efficiently.

FINANCIAL STATEMENT ANALYSIS

ACC6400 (Formally ACC7575) Advanced Financial Statement Analysis This course is designed for students with a concentration in accounting. Consequently, the syllabus presumes knowledge of intermediate and advanced accounting topics. Students without this background should consider ACC7500 as that course does not presume this accounting background. The objective of this course is to sharpen the skills you will need to analyze and interpret financial statements effectively. Some of the topics we will cover in the course are earnings quality, ratio analysis, valuation, off-balance sheet financing, inter-corporate investments and consolidations, equity carve-outs, employee stock options, derivatives, foreign currency translation, leases, pensions, and deferred taxes. We will also delve more deeply into the topic of earnings management and discuss techniques commonly utilized in the valuation of common stock. This course is typically offered in the following semesters: Summer II Prereq: Admission to the MSA Program and ACC7040 or equivalent (Advanced Accounting)

ACCOUNTING INFORMATION SYSTEMS

ACC6401 (Formally ACC7530) Accounting Information Systems/ Business Processes This course examines the interplay between accounting functions and automated information systems and it is designed to familiarize students with systems commonly found in business. Students will learn how to research, evaluate, and audit automated systems, and understand state-of-the-art information systems as they relate to the organization and presentation of accounting data. The course also illustrates how MIS techniques can be successfully applied in complex environments, and teaches the basic concepts of accounting and control that students will deal with in business. The course is required for students in the MSA program. This course is typically offered in the following semesters: Summer II Pre-requisite: Admission to the MSA program.

ACCOUNTING ANALYTICS

Accounting Analytics (3 credits) Data and analytics are being used to assist businesses in becoming more efficient and effective in their decision making process. This course will improve your ability to critically analyze data in order to make better business decisions and to communicate this information effectively to your audience. Students will learn how to use analytics tools from the lens of a manager, a financial statement user, and an auditor.

ADVANCED ACCOUNTING TOPICS

Advanced Accounting Topics (3 credits) This course will introduce to you to advanced accounting topics including government and nonprofit accounting, accounting for foreign currency transactions, and other industry and international specific current complex accounting topics.

FINANCIAL REPORTING

ACC7200 Financial Reporting Financial Reporting (FINACC) - Whether you are starting your own business, working in the not-for-profit sector, managing your personal finances, or working for a large corporation, you will need to be able to incorporate financial information into your decision making process. The purpose of this course is to review the concepts surrounding financial reporting and to emphasize the importance of being an informed user of financial information. Financial reports will also be analyzed across companies, industries, and countries, providing linkages to entrepreneurial and strategic decision making. The course also addresses the ethical responsibility managers have to carry out their fiduciary responsibility to all stakeholders of the company, including the growth in corporate social responsibility reporting and how companies are incorporating this information into their reports and websites

MEASURING AND MANAGING STRATEGIC PERFORM

ACC7201 Measuring & Managing Strategic Performance Measuring & Managing Strategic Performance (MMSP) – This course is focused on the connection between strategy execution and profitability. Students develop skills in quantitatively-grounded logical analysis in order to be able to: o Judge the financial feasibility of plans for launching new businesses or for redesigning existing ones. o Grow profitable and sustainable ventures. o Create business models that make money.

FIN REPORTING AND STATEMENT ANALYSIS

ACC7500 Financial Reporting & Statement Analysis Students who take ACC7500 may not take ACC7502 and vice versa. Focuses on developing and analyzing financial statements, and explores how particular transactions and their accounting treatment affect financial statements. Topics such as leases, pensions, income recognition, and other current issues are studied to understand their impact on financial statements. These topics are covered within the larger context of industry cases in which multiple companies are analyzed and evaluated using profitability and risk ratios. This course is designed for anyone who intends to use corporate financial statements intensively in valuation, credit or equity analysis, or strategic competitor analysis Prerequisites: ACC7200 This course is typically offered in the following semesters: Fall and Spring

FINANCIAL STATEMENT ANALYSIS FOR MANAGER

ACC7502: Financial Statement Analysis for Managers Note that students who take ACC7502 may not take ACC7500, and vice versa. This half-term course is designed for students who are interested in analyzing companies using corporate financial statements, but who do not plan to work in finance. Using several different industries, we will examine the current financial statements and ratios of companies to assess their profitability and risk and to identify the connections between their strategic decisions and their financial footprints. In addition to fundamental concepts of reporting and ratio analysis, the course will cover accounting principles for advanced topics, including restructuring charges, intercorporate investments, and deferred income taxes. Throughout the course, we will consider both the impact of managers' choices on the financial statements and how we use financial statements to evaluate those choices. This course is typically offered in the following semesters: Spring Prerequisites: ACC7200

HEALTHCARE COST MGT AND PERFORMANCE MEAS

Special Schedule: Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 ACC7515 Healthcare Cost Management and Performance Measurement 3 credit elective All organizations have some level of performance measurement, the basic purpose of which is to assist management in the allocation of its resources so as to facilitate the attainment of the goals and objectives of the organization. Additionally, hospital administrators and other healthcare management professionals struggle with identifying actionable intelligence stemming from a lack of credible operational and resource cost information. The goal of the course is to teach you spot underperforming operational areas and prioritize actions to address these, with a flexibility and agility in execution that can decrease costs, improve service quality, and boost operating capacity. Accepting that the importance of accurate, reliable, and actionable cost accounting information may have never been greater, the primary emphasis of the class will draw from an understanding of the main concepts of operations management but focus on resource cost management. The secondary emphasis of the course focuses on managing and measuring performance and incorporates materials from accounting, control, management science, strategy, and behavioral science. Specifically, this course will investigate the concepts, tools, and practices of managerial accounting that support the functions of planning and control within a healthcare provider framework. Specifically, the course will concentrate on the following areas: (1) The various nature of costs (2) Determining costs relevant to a specific decision (3) The assignment of resource costs to objects of management interest (cost objects) (4) Planning for a short-term (one year) horizon (5) Evaluation of actual results relative to management's plan (6) Evaluating the cost/benefit of acquiring long-term assets The course employs the case study method and requires students to apply the knowledge and skills learned in the core courses. The material is broad in scope and takes a holistic view of the business organization. This course builds on the material covered in the core courses of the MBA program. The pedagogical content of the core courses serves as foundational material. The relevant material from these core courses is not duplicated; it is enhanced. The course is applied and integrative in nature, and is particularly relevant to students interested in the pursuing opportunities related to the healthcare sector, but the concepts can be translated and related to virtually any industry. Consequently, this material should be useful to anyone filling the following roles: - Managers with direct financial responsibilities - Financial planners - Cost analysts - Budget controllers who are moving to wider responsibilities - Managers who need to know more about business planning, budgeting, costing terms and techniques. - Managers who have to plan, cost and budget new business ventures. - Basically, managers and supervisors from every business discipline and department who have to run departments and plan, cost and budget during their business lives. Pre-Requisites: Evening: ACC7010 or MBA8530 or ACC7201 Fast Track: MBA7325 or ACC7201 One Year: MBA7210 or ACC7201 Two Tear: MBA7320 or ACC7303 or ACC7201

AUDITING

ACC7520 Auditing 3 credit graduate elective Financial auditing is the process of rendering an opinion on a client’s financial statements. This course will teach the responsibilities associated with being in the auditing profession, what an audit opinion is, the risks associated with rendering that opinion, how an auditor plans and executes an audit engagement, including the assessment of a client’s internal control structure and the evidence gathered to support the assertions of management with respect to the account balances within the financial statements. You will become familiar with generally accepted auditing standards (GAAS), which are the guidelines by which an auditor professionally conducts a financial audit. You will see the effects that the Sarbanes-Oxley Act has had on the auditing profession in the USA. By the end of the course, you will have learned the fundamental concepts, risks, and procedures needed to audit all of the major financial statement areas within a typical audit. For the Babson students, a secondary objective is that this course will prepare you to successfully complete the Auditing and Attestation section of the CPA exam.

ACCOUNTING INFORMATION SYSTEMS

ACC7530 Accounting Information Systems This course examines the interplay between accounting functions and automated information systems and it is designed to familiarize students with systems commonly found in business. Students will learn how to research, evaluate, and audit automated systems, and understand state-of-the-art information systems as they relate to the organization and presentation of accounting data. The course also illustrates how MIS techniques can be successfully applied in complex environments, and teaches the basic concepts of accounting and control that students will deal with in business. The course is required for students in the MSA program. This course is typically offered in the following semesters: Summer II Pre-requisite: Admission to the MSA program.

GOV AND NOT FOR PROFIT ACCT

Government and nonprofit accounting is very different from traditional for-profit accounting. This course will examine the idiosyncrasies and nuances of government and nonprofit accounting. Topics include fund accounting, budgetary accounting, encumbrances, revenue recognition policies, government financial statement formats, proprietary funds, fiduciary funds, treatment for nonprofit contributions, investments and health care entities.

ADV FINANCIAL STATEMENT ANALYSIS

ACC7575 Advanced Financial Statement Analysis This course is designed for students with a concentration in accounting. Consequently, the syllabus presumes knowledge of intermediate and advanced accounting topics. Students without this background should consider ACC7500 as that course does not presume this accounting background. The objective of this course is to sharpen the skills you will need to analyze and interpret financial statements effectively. Some of the topics we will cover in the course are earnings quality, ratio analysis, valuation, off-balance sheet financing, inter-corporate investments and consolidations, equity carve-outs, employee stock options, derivatives, foreign currency translation, leases, pensions, and deferred taxes. We will also delve more deeply into the topic of earnings management and discuss techniques commonly utilized in the valuation of common stock. This course is typically offered in the following semesters: Summer II Prereq: Admission to the MSA Program and ACC7040 or equivalent (Advanced Accounting)

INDEPENDENT RESEARCH

XXX7580 Independent Research ******Independent research is available for all academic divisions. Registration is manual for students through Graduate Programs and Student Affairs****** Independent Research provides an opportunity to conduct in-depth research in areas of a student's own specific interest. Students may undertake Independent Research for academic credit with the approval of a student-selected faculty advisor, the appropriate division chair, and Graduate Programs and Student Affairs. Please note that a student is responsible for recruiting a faculty advisor through the student's own initiative and obtain the advisor's prior consent/commitment before applying for an independent research project. Authorization for such a project requires submission of a formal proposal written in accordance with standards set forth by the Graduate School. The research project normally carries 1.5 or 3 credits. For more information and a proposal outline please visit:http://www.babson.edu/Academics/graduate/mba/Pages/independent-research.aspx

ACCOUNTING CREDIT

LAW

Law (1.5 credits) In this course students will learn legal considerations for venture formation such as legal form, ownership structure, intellectual property, liability law, and legal aspects of financing. This course is integrated into the LEAP course in the Spring semester, so that students will explore these legal concepts in the context of their LEAP projects.

PROF. ETHICS, RESP & LIAB FOR CPA

LAW6400 (Previously LAW7020) PROFESSIONAL ETHICS, RESPONSIBILITIES & LIABILITIES FOR CPAs This course provides in depth coverage of the legal and professional ethical duties of auditors and accountants. There is a significant amount of reading. The successful student will learn how to minimize the risk of catastrophic personal liability. Prerequisite: Admission to the MSA Program
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