Accounting and Law | Babson College
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
Accounting and Law
ACC6110 - RESOURCE PLANNING AND CONTROL
RESOURCE PLANNING AND CONTROL
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.
ACC6400 - FINANCIAL STATEMENT ANALYSIS
FINANCIAL STATEMENT ANALYSIS
ACC6400 (Formally ACC7575)
Advanced Financial Statement Analysis
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, 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 also will delve more deeply into the topics of earnings management and ratio analysis 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)
ACC6401 - ACCOUNTING INFORMATION SYSTEMS/ BUSINESS PROCESSES
ACCOUNTING INFORMATION SYSTEMS/ BUSINESS PROCESSES
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.
ACC6403 - ADVANCED ACCOUNTING TOPICS
ADVANCED ACCOUNTING TOPICS
Advanced Accounting Topics (3 credits)
This course introduces you to engagements such as forensics, compilations, reviews and other services, a conceptual comparison of IFRS and US-GAAP, foreign currency transactions, nonprofit and government accounting and reporting, and other industry and international specific current complex accounting topics
ACC6600 - FINANCIAL SUSTAINABILITY&PERFORM MGMT
FINANCIAL SUSTAINABILITY&PERFORM MGMTACC6600: Financial Sustainability & Performance Measurement 1.5 Credits (MSAEL Core) In this course, you will develop 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. You will learn the concept of "cost behavior" and how to conduct cost volume profit analysis, or CVP analysis. We will explore relevant costing and ways to use accounting data to analyze alternative courses of action and make better operating decisions. You will learn to build budgets and forecasts and address the question that everyone asks in an organization: "How are we doing?" Finally, you will be introduced to performance management frameworks and financial and non-financial metric development and analysis.
ACC7200 - FINANCIAL REPORTING
FINANCIAL REPORTINGACC7200 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
ACC7201 - MEASURING AND MANAGING STRATEGIC PERFORMANCE
MEASURING AND MANAGING STRATEGIC PERFORMANCEACC7201 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.
ACC7500 - ANALYSIS AND FORECASTING WITH FINANCIAL STATEMENTS
ANALYSIS AND FORECASTING WITH FINANCIAL STATEMENTS
ACC7500-Analysis and Forecasting with Financial Statements
Students who take ACC7500 may not take ACC7502 and vice versa.
This course is targeted for students who are considering careers in corporate finance, investments, and related fields as well as those who are considering working towards the CFA certification. The course covers reporting topics that are either omitted or only lightly addressed in the introductory reporting course (e.g., equity investments, acquisitions, deferred taxes, stock-based compensation) Students have the opportunity to perform an in-depth financial & ESG analysis of a company of their choice (individual or group project) and to present their analysis in class. Students will learn how to make adjustments to the financials for GAAP-required disclosures that do not match their value-creating effect on the firm. Once the financials have been "scrubbed" or normalized, integrated financial and ESG analysis can take place to evaluate risk and performance. Finally, students will have the opportunity to build an integrated, 3-statement forecast that can be used to explicitly analyze the impact of different strategic and financial decisions on the future performance and value of the firm.
Prerequisites: ACC7200 or ACC7800
This course is typically offered in the following semesters: Fall and Spring
ACC7502 - FINANCIAL STATEMENT ANALYSIS FOR MANAGERS
FINANCIAL STATEMENT ANALYSIS FOR MANAGERSACC7502-Financial Statement and Sustainability Analysis for Entrepreneurial Leaders (1.5 credits) Note that students who take ACC7502 may not take ACC7500, and vice versa. ACC7502-Financial Statement and Sustainability Analysis for Entrepreneurial Leaders (1.5 credits) This course is targeted for entrepreneurs, managers, and anyone who wants to improve their financial analysis skill but doesn't require the deeper dive provided in ACC7500 (3 credits). The focus will be on analyzing the impact of various revenue streams, ESG factors, and business models on income and cash flow. Successful leaders must be able to understand how every significant operating or investment decision affects three areas: 1) how the business is presented to outsiders (the financial statements); 2) the firm's cash flows; and 3) the value of the business. Thus, we will explore the linkages between integrated financial statement and ESG analysis and the creation of multi-year forecasts that can be used to identify and manage the key value drivers of the firm. The course will also include examining how managers attempt to manipulate their financial results through earnings management and the use of non-GAAP metrics. This course is typically offered in the following semesters: Spring Prerequisites: ACC7200 or ACC7800
ACC7503 - DESIGNING A BUSINESS FOR PROFITABILITY
DESIGNING A BUSINESS FOR PROFITABILITYACC7503: Designing a Business for Profitability 3 elective credits **If you have taken and passed ACC7201 you cannot register for ACC7503 as these two courses are equivalent** 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: - Judge the financial feasibility of plans for launching new businesses or for redesigning existing ones. - Grow profitable and sustainable ventures. - Create business models that make money. - Integrate analytics and Industry 4.0 concepts to make business decisions. Prerequisites: None
ACC7555 - GOV AND NOT FOR PROFIT ACCT
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.
ACC7577 - FINANCE AND ACCOUNTING AS COMPETITIVE TOOLS
FINANCE AND ACCOUNTING AS COMPETITIVE TOOLSACC7577 Finance for Non-Financial Professionals 3 elective credits This finance course bridges the gap between functional business knowledge and practical financial information. By connecting your company strategy to its financial implications, you increase the value of your organization and become a more effective business leader. Topics covered include: understanding financial statements, using finance to improve decision-making, projecting cashflows, and assessing organizational performance. The curriculum focuses on universal business problems that are specific to your needs, and teaches you how to immediately apply that information in ways that are relevant to your job.
ACC7580 - INDEPENDENT RESEARCH
INDEPENDENT RESEARCHXXX7580 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
ACC7800 - FINANCIAL AND SUSTAINABILITY REPORTING
FINANCIAL AND SUSTAINABILITY REPORTING
ACC7800: Financial and Sustainability Reporting
(Previously titled Financial Reporting)
**If you have taken and passed ACC7200 you cannot register for ACC7800 as these two courses are equivalent**
The purpose of this course is to review the concepts surrounding financial and environmental, social, and governance (ESG) reporting and to emphasize the importance of being an informed user of financial and ESG information for any entrepreneurial leader. Whether you are involved in an existing business or starting your own, working in the not-for-profit sector or managing your personal finances, you will need to be able to incorporate financial information into your decision-making process. We will be constructing financial statements, analyzing them across companies and industries, and providing linkages to entrepreneurial and strategic decision making. We will also be exploring how the reporting of ESG factors integrates with financial reports to provide useful information for evaluating risks and the long-term sustainability of a business.
**It is strongly recommended that students complete this course prior to taking FIN7800.**