Major Courses

ACCT 111
ACCOUNTING FOR RESTAURANT ENTREPRENEURS
3 units

ACCT 111 introduces the accounting concepts, principles, and procedures needed in the bookkeeping and financial presentation of restaurant entrepreneurs. Emphasis is placed upon the principles that govern the construction and operation of accounts, which then allow for periodic analysis, interpretation, valuation and income determination to take place. Whenever possible, quantitative approaches to illustrate accounting concepts is used.

ACCT 115
FINANCIAL ACCOUNTING
3 units

The course focuses on the basic concepts of Accounting, primarily on the accounting cycle using the double entry system which includes: (1) identification of accounting transactions including the use of T-Accounts; (2) preparation of financial statements; and (3) discussion on the revenue cycle, the expense cycle, the financing cycle and the investment cycle as they relate to the accounting system. Emphasis is on the use of accounting information for making business decisions. Whenever possible, quantitative approaches to illustrating accounting concepts is used.

ACCT 122
COST ACCOUNTING
3 units
Prerequisite: ACCT 111, 113, 115, or 120

The course is designed as an introduction to managerial and cost accounting, with special emphasis on its application to managerial decision making for strategic purposes. At the end of the course, the students should have a clear understanding and appreciation of the concepts, tools, and techniques necessary to address financial and strategic control problems typically faced by analysts, controllers, and managers. Areas covered include cost behavior, strategy in the context of managing financial decisions, and the nature of the interaction between strategic planning and managerial control.

ACCT 125
MANAGERIAL ACCOUNTING
3 units
Prerequisite: ACCT 111, 113, 115, or 120

The course is designed as an introduction to managerial and cost accounting, with special emphasis on its application to managerial decision making for strategic purposes. At the end of the course, the students should have a clear understanding and appreciation of the concepts, tools, and techniques necessary to address financial and strategic control problems typically faced by analysts, controllers, and managers. Areas covered include cost behavior, strategy in the context of managing financial decisions, and the nature of the interaction between strategic planning and managerial control.

FINN 113
PRINCIPLES OF FINANCE
3 units
Prerequisite: ACCT 110, 111, 113, 115 or 120

The course emphasizes the understanding of finance theory and working knowledge of the financial environment in which the firm operates in order to develop appropriate financial strategies. Hence, it covers the whole range of basic finance concepts, economics and financial markets, financial statement analysis, risk analysis, the valuation process, capital budgeting, and capital structure and dividend policy. It also covers financial analytical tools, cash flow management techniques & working capital management.

FINN 115
FINANCIAL MANAGEMENT
3 units
Prerequisite: ACCT 110, 111, 113, 115 or 120

This course is an introductory survey of modern corporate financial theory and policy, using a combination of lecture and case study methods of instruction to focus on problems in modern portfolio theory and corporate asset and liability management. Topics include portfolio theory, risk management, capital budgeting, financial decisions, and corporate control transactions. The first half of the semester focuses on investment issues while the second half focuses on corporate finance issues.
FINN 117
ENTREPRENEURIAL FINANCE
3 units
Prerequisite: ACCT 110, 111, 113, 115 or 120

The course builds on the concepts of finance learned in the basic accounting and finance courses that have relevance to the entrepreneurial venture from start-up to "harvest". While we are interested in the entrepreneur as a person, we are even more interested in the entrepreneurial process. The central focus of the course is to gain an understanding of the financing of entrepreneurial ventures.

FINN 117.30
ENTREPRENEURIAL FINANCE
3 units
Prerequisite: ACCT 111

The purpose of this course is to provide students with the opportunity to develop their understanding of financial management processes relating to the international hospitality industry.

FINN 150
ADVANCED CORPORATE FINANCE
3 units
Prerequisite: FINN 111, 112, 113, 115 or 117

This course studies the corporation, and the relationship of its financial system to other functions within the firm, with emphasis on financial policy-making through decisions made in asset allocation, capital structure mix, dividend policy, optimum debt levels, and capacity valuation in the market.