AF

Electives

Subject

AF

Credits (min)

9

Credits (max)

9

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Presents the theory and technique of managerial accounting, from the particular perspective of the manager. The course covers the identification and analysis of the behavior of costs within the organization, and illustrates how managers use such knowledge for planning and control. Major topics include responsibility accounting, comprehensive and cash budgeting, standard job order and process cost systems, cost-volume-profit analysis, cost allocation, activity- based costing, standard costs, and variance analysis. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 210 and a minimum of 15 credits

201

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Elective Courses

Subject

AF

Credits (min)

9

Credits (max)

9

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: . This course continues to develop accounting theory, using principles, concepts, and accounting pronouncements to analyze and resolve accounting issues. Students acquire an understanding of issues unique to corporations and complete the study of the balance sheet by examining long-term debt and equity issues. In addition, they discuss ethical issues faced by managers in today's business world. Continuing emphasis will be placed on computer application skills, research skills and written and oral communication skills. Course Note: This is the second course in the intermediate accounting sequence. It is recommended that students take AF 301 before AF 311. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 310 and a minimum of 60 credits

Accounting Elective Courses

Subject

AF

Credits (min)

3

Credits (max)

3

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not Repeatable Description: The professional accounting industry is undergoing a major shift from recent technological advances. The new skillset that is becoming more important for nearly every aspect of business is analyzing large amounts of data to find actionable insights, i.e., data analytics. The course will discuss concepts and applications involving the analysis of data sources – large and small to facilitate decision making. Students will follow the "IMPACT" model i.e. Identify the questions; Master the data; Perform the test plan; Address and refine results; Communicate insights; and, Track outcomes. Software in the course would involve: Microsoft Track [i.e. Excel, Power Query, Power BI]. Application tools such as Pivot tables, Excel formulas, applied statistics and visualization applications will be included. Additionally, Structured Query Language [SQL] will be considered. Data from real companies, such as Lending Club will be used in analyses. Enrollment Requirements: Pre-requisite: MSIS 110 Introduction to Computers and IS. consent required for enrollment: Department Semester(s) typically offered: Fall and Spring Course Catalog ID: 042403 Course Offer Number: 1

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

140

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Examines the body of law involved in the formation, operation, and termination of business organizations; in contracts; in debtor-creditor relations; in uniform commercial code (sales, commercial paper, secured transactions); in property, estate, and trust; in government regulations; and in issues of CPA liability. Course content encompasses the topics to be found on the CPA law examination. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 211 and a minimum of 60 credits

Credit(s): 3 Component(s): Lecture 205

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Examines the design, implementation and operation of cost accounting systems. With primary emphasis on cost analysis in manufacturing, the course explores cost standards, actual performance, and variances. To a lesser extent, it also applies concepts of cost accounting to manufacturing and service organizations. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 211 and a minimum of 60 credits

Credit(s): 3 Component(s): Lecture 206

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Develops in depth understanding of financial accounting and reporting in the following areas: business combinations, consolidated financial statements, foreign currency transactions, translation of financial statements of foreign affiliates, reorganization and liquidation, partnerships and other advanced areas. Continues to build on skills acquired from AF 310 and 311 while providing comprehensive treatment of selected topics. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 311 and a minimum of 60 credits

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 207

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (no P/F option) Repeatable for credit: Not repeatable Description: Unlock the power of Python for financial data analysis in this comprehensive course designed for aspiring finance professionals, data analysts, and anyone interested in leveraging the capabilities of Python in the realm of finance. As financial markets evolve and become increasingly data-driven, the ability to analyze and interpret financial data is a crucial skill for making informed business decisions. This hands-on course will guide participants through the fundamentals of financial data analytics using Python, covering essential concepts, tools, and techniques for extracting valuable insights from financial datasets. Participants will gain practical experience in manipulating, visualizing, and analyzing financial data, enabling them to make data-driven decisions and derive actionable intelligence. Course Catalog ID: 042902 Course Offer Number: 1

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 208

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (no P/F option) Repeatable for credit: Not repeatable Description: The primary goal of the course is to introduce students to the fundamental concepts of machine learning and how they can be applied to financial problems using Python. Students will learn the basics of Python programming, as well as the essential tools and techniques for data analysis and visualization. Students will learn how to use Python libraries such as NumPy, Pandas, and Scikit-learn to build predictive models, visualize data, and evaluate performance. Students will learn how to leverage web scraping and textual analysis techniques to extract and analyze financial data from online sources. Upon completion of the course, students will have the necessary knowledge to apply machine learning techniques to real-world financial problems. Enrollment Requirements: Pre-requisite: AF 427 Course Catalog ID: 042903 Course Offer Number: 1 209

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (no P/F option) Repeatable for credit: Not repeatable Description: Students gain hand-on experience analyzing various sectors of the S&P 500 index, prepare financial statements, working in teams, and delivering presentations related to financial markets. Students will be required to perform statistical analysis of data, read financial statements, have basic knowledge of financial markets and investment decision-making, and know fundamentals of macroeconomics. Students should be available to participate in weekly meetings to present updates and recommendations, take part in the preparation of the reconciliation statement at the end of the month and contribute to presentations throughout the semester. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 301 and a minimum of 60 credits

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Examines the role of financial markets and institutions in the economy. The course focuses on the working of various financial markets and how financial institutions and other users interact with financial markets. Topics include interest rates; term structure of interest rates; money and capital markets; innovations in capital markets; credit risk and asset and liability management; international financial markets; currency fluctuations; and management of currency risk. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 301 and a minimum of 60 credits

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Studies the law and procedures of the federal income taxation of individual taxpayers. The course presents the income tax concepts of gross income recognition, deductions, tax credits, and the effects of property transactions. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 211 and a minimum of 60 credits

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Applies the income tax concepts presented in AF 450 to corporations, partnerships, Subchapter S corporations, trusts, and estates. The course introduces the concepts of the federal gift tax and the federal estate tax. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 450 and a minimum of 60 credits

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Provides the student with the knowledge and skills needed by managers in organizations active in international trade, facing foreign competition, or involved in foreign direct investment. The course focuses on the unique international variables and constraints which modify single-country financial management concepts. Topics include the determination of exchange rates, forecasting exchange rates, foreign exchange risk management, transfer pricing policies, multinational capital budgeting with cash flows in more than one currency, international financial markets, and country risk in multinational investment decisions. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 301 and a minimum of 60 credits

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Encompasses both the theory and the technique of financial auditing. The course examines the professional role of the auditor, along with its operational, ethical, and legal implications. Areas typically covered include professional auditing standards, the auditors' report, specialized reporting issues, auditors' legal responsibilities, gathering and evaluating evidence, the internal control structure audit sampling, and the Code of Professional Conduct. Discussions consider issues of judgment typically faced by auditors in practice. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

AF 311 and a minimum of 60 credits

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: Deals with the financing, valuation, and development of real estate investments. The course examines the theoretical The course examines the theoretical and pragmatic models of valuation, the financial structure of successful developments, and the appropriate models of investment choice and portfolio management for real estate investors. It develops an appreciation of the similarities and differences between real and financial assets, and integrates the techniques of real estate analysis with those of corporate finance. Students are expected to participate actively in analyzing real estate investments and developments through case studies and through interaction with executives from the investment, development, and lending communities. Enrollment Requirements: Prerequisites: AF 301 and a minimum of 60 credits Course Catalog ID: 032320 Course Offer Number: 1

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Repeatable - total credits: 6 / total completions: 2 Description: Addresses a specific topic in accounting or finance. and is offered as one-time supplements to the department's curriculum. Enrollment Requirements: 213

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

A minimum of 60 credits

International Management Major (BS) Department of Management and Marketing

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 1-3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: A student-initiated research project on a finance topic, supervised by a member of the finance faculty. Course Note: The course is open to a limited number of students each semester. Enrollment Requirements: Management students only. 214

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

A minimum of 60 credits and department consent.

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (includes P/F option) Repeatable for credit: Not repeatable Description: This course is the capstone subject in accounting, and focuses on the understanding, options and application of current accounting situations. The objective of this course is to equip students with tools and techniques to be able to (a) understand and assess the quality of financial reports and identify significant accounting issues (b) use financial reports to assess the level and drivers of firm performance, (c) value companies, and (d) evaluate top managers. The course will also help students gain an understanding of theoretical models and sophisticated quantitative models in financial reporting and to integrate the concepts into real big data. Students will learn the required data analytics skills to understand, analyze, and produce solutions to challenges in accounting. Enrollment Requirements: Pre-Requisites:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Finance Elective Courses

Subject

AF

Credits (min)

6

Credits (max)

6

Credit unit

Credits

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Credit(s): 3 Component(s): Lecture Grading Basis: Graded (no P/F option) Repeatable for credit: Not repeatable Description: The CM honors research seminar and thesis program is a two-semester course sequence. This seminar covers research and research methods, and is intended to position students to successfully complete a research project during the second semester. During the first semester, students will work with the program coordinator and later a faculty advisor to define the project. The program is structured around a series of assignments and milestones during which students will work with guidance from a faculty advisor and program coordinator toward a project that meets course goals. Enrollment Requirements:

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu

Prerequisite

A minimum of 60 credits

Credit(s): 3 216

Subject

AF

Type

course

Edition

2026-2027

Source

catalog.umb.edu