Finance and Accounting

Department Chair: Ken Shakoori
Department Office: Business Development Center, 126
Telephone: (661) 654-3406
email: fadept@csub.edu
email: kshakoori@csub.edu
Website: www.csubbpa.com/
Faculty: Accounting: L Bacon, M Doucet, T Doucet, G Miller, J Patten
Finance: R Fletcher, K Shakoori, D. Zhou

FINANCE

Many CSUB finance classes help prepare students for various professional designations, including Chartered Life Underwriter (CLU), Chartered Financial Counselor (ChFC), Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified in Financial Management (CFM), Chartered Property and Casualty Underwriter (CPCU), and Accredited Pension Administrator (APA.) See an advisor for more information about these and other programs.

Required:

  1. FIN 326 Investment Management
  2. FIN 400 Advanced Financial Management
Plus two courses, at least one being Finance, selected from the following:

Finance Electives:

  1. FIN 305 Computer Applications in Finance
  2. FIN 322 Personal Financial Insurance Planning
  3. FIN 421 Retirement and Estate Planning
  4. FIN 460 Financial Institutions Management
  5. FIN 480 Real Estate Finance and Investment
  6. FIN 490 International Business Finance
  7. FIN 495 Personal Financial Planning Capstone


    8. Other Electives:

  8. ACCT 403 Fundamentals of Taxation for Individuals and Business
  9. AECO 420 Econometrics and Forecasting
  10. AECO 453 Project Evaluation

Students are also encouraged to participate in the internship program: FIN 496 Internship in Finance.

COURSE DESCRIPTIONS

Lower Division

FIN 100 Managing Your Personal Finances (5)

This course provides an examination of the financial situations students confront during their college years and thereafter. The emphasis is on applying relatively simple concepts to managing one’s own financial resources. Topics include: budgeting, banking services, credit card use, consumer loans, insurance concepts, and savings plans.

Upper Division

FIN 300 Financial Management (5)

Theory and practice of financing the business firm under uncertainty. Financial markets, risk valuation, financial analysis and forecasting, capital budgeting, working capital management, capital structure. Statistical and financial analysis of problem sets also included as well as computer applications with an emphasis on spreadsheets.

FIN 305 Computer Applications in Finance (5)

Examination of selected topics and specific techniques of financial analysis commonly used for decision-making purposes in the areas of corporate finance, investments, and international finance. This course will provide the student with a working knowledge of Internet sources of economic and market data as well as spreadsheet and statistical applications in finance. Emphasis will be based on the analysis of real-world data and the use of the computer as a decision-making tool. Prerequisite: FIN 300.

FIN 322 Personal Financial and Insurance Planning (5)

This course introduces students to risk management and insurance decisions in personal financial planning. Topics in financial planning include the financial planning process, client interaction, time value of money applications, personal financial statements, cash flow and debt management, asset acquisition, education planning, overview of investment planning and retirement planning, plan integration, ethics, and business aspects of financial planning. Topics in insurance planning include insurance for life, health, disability, property and liability risks, as well as annuities, group insurance and long term care.

FIN 326 Investment Management (5)

Analyzes various types of securities, security markets, investment strategies, and methods of evaluating portfolio performance. Assessing the overall quality of portfolio management in the context of the financial plan. Case analysis and student investment presentations may be required. Prerequisite: FIN 300.

FIN 400 Advanced Financial Management (5)

Provides students with the opportunity both to recognize and to test the relevance of modern financial concepts in the context of real managerial decisions in the private sector, including ethical problems facing financial managers. Case method utilizing statistical and financial analysis techniques and computer applications to show real world applications. Student presentations are required. Prerequisite: FIN 300.

FIN 421 Retirement and Estate Planning (5)

This course provides individuals with knowledge of both public (Social Security, Medicare and Medicaid) and private (defined benefit and defined contribution) retirement plans. The specifics of the various plans are analyzed as well as non-qualified deferred compensation plans. Issues that individuals face in retirement, such as lifestyle choices and medical issues are discussed. Estate planning topics include efficient conservation and transfer of wealth consistent with the client’s goals, the legal, tax, financial, and non-financial aspects of estate planning as well as trusts, wills, probate, advanced directives, charitable giving, wealth transfers and related taxes.

FIN 460 Financial Institutions Management (5)

Gives students a broad introduction to the operation, structure and regulatory environment of the U.S. financial system. Special attention will be given to the theories of interest rate determination, financial risk management, and asset/liability management in depository and non-depository institutions. The course also investigates e-Business and changes in commercial banking, non-bank financial institutions and financial markets. Computer models and cases are used to show real world applications. Student presentations are required. Prerequisite: FIN 300.

FIN 477 Special Topics in Finance (5)

Special topics course in Finance provides students with the opportunity to take an in-depth study of an area not covered in regular courses. When offered, prerequisites and course requirements will be announced for each course. Prerequisite: FIN 300

FIN 480 Real Estate Finance and Investment (5)

Explores methods of analyzing real estate investments using accepted financial and statistical techniques by utilizing the computer. Real estate investment opportunities are evaluated in the context of personal and business investment objectives. Individual projects analyzing an investment property or real estate issue are a part of the course along with class presentations. Satisfies the prerequisite of advanced real estate financing for the California real estate broker’s license. Prerequisite: FIN 300.

FIN 490 International Business Finance (5)

Investigation of the problems facing financial managers in international operations. Topics include: foreign exchange, the international monetary system, managing exchange rate risk exposure, capital budgeting, international banking, and import/export financing. Financial analysis using spreadsheets as well as student presentations may be required. Prerequisite: FIN 300.

FIN 495 Personal Financial Planning Capstone (5)

This course will engage the student in critical thinking and decision-making about personal financial management topics in the context of the financial planning process. The case method will be used extensively.

FIN 496 Internship in Finance (1-5)

Provides an integrated academic experience in a work setting appropriate for the student pursuing a concentration in Finance. The determination of course content, credits, evaluation and grading is based upon a course outline pre-approved by the faculty in the department. Offered on a credit, no-credit basis only. May not be used to satisfy the requirements of the Business Administration major. Prerequisite: FIN 300 and one additional upper division Finance course or permission of the Department Chair.

ACCOUNTING

The CSUB accounting program helps prepare students for various professional certifications, including the Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Management Accountant (CMA) certifications. See an advisor for more information about this program.

Requirements (all students must complete):

  1. ACCT 275 Business Law*
  2. ACCT 300 Intermediate Accounting I
  3. ACCT 301 Intermediate Accounting II
  4. ACCT 303 Managerial Accounting
  5. ACCT 360 Accounting Information Systems**
  6. ACCT 400 Advanced and International Accounting
  7. ACCT 403 Fundamentals of Taxation for Individuals and Business
  8. ACCT 408 Auditing

* May substitute for BA 370 for Accounting majors only.
** Substitutes for MIS 300 for Accounting majors only.

Recommended Electives (not required):

All fields of Accounting:

  1. MIS 330 Systems Analysis and Design
  2. MIS 340 Database Fundamentals
  3. FIN 305 Computer Applications In Finance
  4. FIN 400 Advanced Financial Management
  5. COMM 304 Technical and Report Writing

Nonprofit and Governmental:

  1. INST 275 Administrative Processes in Government
  2. PPA 478 Budgeting in Public Organizations

COURSE DESCRIPTIONS

Lower Division

ACCT 220 Introduction to Financial Reporting and Accounting (5)

Basic features of financial accounting systems with emphasis on the accounting cycle and the preparation of financial statements for both corporations and sole proprietorships. Prerequisite/Co-requisite: MATH 101 or concurrent enrollment in MATH 101.

ACCT 221 Introduction to Managerial Accounting (5)

Basic features of internal reporting systems with an emphasis on decision making. Following a review of the financial accounting cycle, budgeting for planning and control will be stressed with emphasis on cash management, working capital management, inventory management, tax planning, product costing, cost volume profit analysis and cost allocation. Prerequisite: ACCT 220 and MATH 101 with a grade of “C” or better.

ACCT 275 Business Law (5)

Overview of law that affects commercial transactions and entities. Topics include property law, wills, trusts and estates, insurance law, contract law, sales and lease contracts, commercial paper, agency law, partnership and corporate law, and accountants’ legal liability.

Upper Division

ACCT 300 Intermediate Accounting I (5)

Basic financial accounting theory, financial statements, the accounting cycle, working capital accounts and operational assets will be covered. Prerequisite: ACCT 221.

ACCT 301 Intermediate Accounting II (5)

Continuation of the study of financial accounting theory from Intermediate Accounting I. Specific topics covered include long-term liabilities, stockholders’ equity, accounting changes, error analysis, and cash flow. Prerequisite: ACCT 300. Strongly recommended: FIN 300.

ACCT 303 Managerial Accounting (5)

Intensive study of cost accumulation systems for manufacturing and service enterprises. Emphasis is on managerial cost analysis and management decision making. Prerequisite: ACCT 221.

ACCT 360 Accounting Information Systems (5)

General systems concepts and theory. The collection and processing of accounting information. Internal control aspects of accounting systems. Systems life cycle in an accounting framework. The interface of accounting systems and computer technology. Prerequisite: ACCT 221.

ACCT 400 Advanced and International Accounting (5)

Special problems of accounting for business combinations, reorganizations, bankruptcies, governmental and nonprofit organizations, trusts and estates, and foreign operations. Discussion of the current issues related to the global harmonization of accounting standards and the impact on the accounting profession. Prerequisite: ACCT 301.

ACCT 403 Fundamentals of Taxation for Individuals and Business (5)

This course introduces federal income taxation of individuals, pass through entities, and C corporations. Students will learn how to prepare tax returns for individuals including itemized deductions, business income, and property transactions. They will also learn how to prepare basic pass through and C Corporation tax returns. Students will learn the basics of tax law and research using tax resources available on the Internet, and become familiar with basic planning issues and techniques for individuals and businesses. Prerequisite: ACCT 220 or permission of instructor.

ACCT 408 Auditing (5)

Fundamentals of auditing theory and practice, ethical standards, auditing standards, auditing techniques, and the audit report; special emphasis on independent audits by CPAs and the CPA’s role in society. Prerequisites: ACCT 301 and ACCT 360.

ACCT 496 Internship in Accounting (1-5)

Provides an integrated academic experience in a work setting. Units may not be used to satisfy the requirements of the Business Administration major. Students may earn a maximum of 5 units through internships. Offered on a credit, no-credit basis only.

ACCT 477 Special Topics in Accounting (5)

Special topics course in Accounting provides students with the opportunity to take an in-depth study of an area not covered in regular courses. When offered, prerequisites and course requirements will be announced for each course.

GRADUATE COURSES

Graduate courses are listed in the “Graduate Programs” section of this catalog.