Course Catalog

The Course Catalog includes course descriptions of all courses offered by the Undergraduate School at Babson College. For descriptions of the courses offered in the current or upcoming semesters, please see the Course Listing.

 Undergraduate Course Catalog

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Accounting and Law


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.


ACC3500 Intermediate Accounting I (General Credit) **Students who have taken ACC3502 are not permitted to take ACC3500 or ACC3501.** Broadens the base of financial accounting concepts introduced in ACC1000 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: ACC1000 This course is typically offered in the following semester: Fall


ACC3501 Intermediate Accounting II (General Credit) **Students who have taken ACC3502 are not permitted to take ACC3500 or ACC3501** 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


ACC3502: Financial Reporting and Analysis Previously named Intermediate Accounting for Finance (General Credit) **Students who have taken ACC3500 and/or ACC3501 are not permitted to take ACC3502** 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: SME2031 and SME2001 This course is typically offered in the following semesters: Fall and Spring


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: SME2001 and SME2002 This course is typically offered in the following semester: Spring


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 permission of instructor


ACC4520 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. Prerequisites: ACC3500 This course is typically offered in the following semesters: Fall and Summer I


ACC4530 (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: ACC3500 & ACC3501 as a pre-requisite or a co-requisite This course is typically offered in the following semesters: Spring and Summer I



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


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)


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: LAW1000


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: LAW1000 Students who have taken LAW3594 White Collar and Corporate Crime (2 credits) may not take this course.


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: LAW1000


LAW3571 Employment Law 4 credit (General Credit) Covers the legal aspects of managing employees with respect to employment contracts, company and employee liability for torts and crimes, privacy and free speech, unions, wrongful termination, work force diversity (including a discussion about hiring foreign employees, as well as discrimination based on national origin, race, color, gender, sexual orientation, religion, age and disability), reengineering, layoffs, and occupational safety. Students engage in an in-depth analysis of relevant laws, regulations, and court cases to develop legal reasoning skills that will enable them to put action-oriented managerial policies into place. The ethical, global and international dimensions of these topics will also be covered. This is a writing intensive course. Prerequisite: LAW1000


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: LAW1000


LAW3601 Public International Law and World Order (Advanced Liberal Arts Elective) Public international law evolved rapidly in the latter half of the 20th century from its exclusive domain of “law among sovereigns” into an interdependent process of global governance, largely managed by intergovernmental and non-governmental institutions. We will consider the implications of global interdependence and the increasingly robust international judicial system for the principles and practice of public international law. Does international law actually create global order, or does it merely reflect political order that exists in other settings? When should national sovereignty and domestic prerogatives yield to international law and the desires of the global community? What is the proper role of non-state actors (multinational businesses, NGOs, advocacy groups) in this global legal regime? These questions (and many others) have been at the center of the quest to create global order in a rapidly changing world where the pace of technological innovation, personal and business entrepreneurship, and the increasingly free movement of people, capital, and ideas often far outpace the capacity of any legal regime (domestic or international) to keep up. We will study these issues and related themes throughout the semester. Special emphasis is placed on the application of public international law to international institutions, human rights (including the intersection of human rights with transnational business), the legal regulation of warfare (including “humanitarian” intervention and responses to global terrorism), the global environment and high seas, transnational dispute settlement, and business ethics in the global setting. Prerequisite: Foundation Law course, (LAW1000) This course is typically offered in the following semester: Fall


LAW3650: Tax Policy 4 credits Tax policy is a government’s choice regarding what taxes to levy, on whom and in what amounts in order to raise the funds it needs and to influence taxpayer behavior. Students will learn the timeless design principles of good tax policy, evaluate taxation in America over time through the lens of these design principles, examine the roles of influential individuals, discuss social, environmental, economic responsibility, and sustainability (seers) aspects as well as global and ethical considerations in the tax policy debate, assess alternative approaches to the current federal income tax system in the U.S., and develop policy as well as implementation recommendations. Prerequisite: LAW1000; prior completion of TAX3500 is beneficial


LAW3661 American Constitutional Law: Civil Rights and Civil Liberties. (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: LAW1000 This course is typically offered in the following semester: Spring


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): LAW1000
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