Chair: Orhan Kayaalp (Carman Hall, Room 377)
Faculty Adviser: Linda Tauber (Carman Hall, Room 370)
Department Faculty: Professors: John Cirace, Oscar Fisch,Orhan Kayaalp, Chanoch Shreiber; Assistant Professors: Jaspal Chatha, Amod Choudhary, Juan DelaCruz, Judith Fields, Vassilios Gargalas, Mario Gonzalez-Corzo, Susan Honig, Dene Hurley, Michelle Kamen-Friedman, Valerie Larifla; Lecturers: Peter Alexanderson, Kuk-Soo Chung, Emine Kayaalp, Anthony Murrell, Ada Rodriguez, Marshall Ross, Sekhem Sembenu, William Swenson, Linda Tauber
The Department offers a Master of Science Program in Accounting, designed for students who wish to become professional accountants with Certified Public Accountant (C.P.A.) credentials. The M.S./C.P.A. program is registered with the New York State Education Department. The Department also offers a Master of Science in Business with a specialization in finance, marketing, or human resource management.
Students can earn a Master of Science Degree in Accounting, whether or not their undergraduate degree is in this field. Those with a B.S. in Accounting from Lehman College or an equivalent undergraduate accounting degree can earn a Master of Science degree by completing a total of 30 graduate credits. Students holding undergraduate degrees in fields other than Accounting or Accounting degrees not equivalent to Lehman's B.S. in Accounting degree may have to take up to 60 credits in Accounting and Business, in addition to the 30-credit master's program.
Students who complete this program and earn their Master of Science degree in Accounting will have completed all of the educational requirements for taking the C.P.A. examination in New York State.
Admission Requirements
To be admitted to the M.S. degree program in Accounting, applicants must complete (or have completed) Lehman's B.S. in Accounting program or its equivalent. An equivalent undergraduate degree must include 30 credits in accounting, including advanced accounting, cost accounting, taxation, and auditing, as well as the following:
6 credits in Business Law
6 credits in Economics
6 credits in Finance
3 credits in Statistics
3 credits in Quantitative Methods
3 credits in Computer Science
3 credits of electives in Accounting or Business
Students must also
Admission Requirements for Nonmatriculants Who Wish to Take Graduate Courses in Accounting
Students who do not wish to enroll in the degree program, but want to take graduate courses in Accounting, must:
Degree Requirements
Core Courses. Students are required to take the following eight courses (all 3-credit): ACC 709, 719, 750, 790 and MSB 701, 702, 703, 710.
Elective Courses. Students are required to take two elective courses from the following list of 3-credit courses: ACC 724, 751, 785 and/or MSB 711, 712, 733, 741.
The course requirements of the 30-credit M.S. in Business Degree are as follows:
12 CREDITS IN CORE COURSES
3 credits MSB 700: Organizational Behavior
3 credits MSB 701: Quantitative Analysis for Managers
3 credits MSB 702: Economic Analysis for Managers
3 credits MSB 703: Computer-Based Information Systems for Managers
12 CREDITS IN MAJOR FIELD
Four courses in one of three areas of specialization:
a. Finance:
3 credits MSB 710: Investment Analysis
3 credits MSB 711: Capital Budgeting
3 credits MSB 712: Financial Statements Analysis
3 credits MSB 713: International Financial Management
b. Marketing:
3 credits MSB 720: Managing in a Global Environment
3 credits MSB 721: Applied Marketing Research
3 credits MSB 722: International Marketing Management: Culture, Law, and Politics
3 credits MSB 723: Contemporary Issues in Marketing
c. Human Resources Management:
3 credits MSB 730: Human Resource Management
3 credits MSB 731: Employee Training and Development
3 credits MSB 732: Managing Group and Interpersonal Dynamics
3 credits MSB 733: Labor Economics
6 CREDITS IN CAPSTONE SEMINARS
3 credits MSB 795: Seminar in Strategic Management
3 credits MSB 796: Seminar in Ethical Issues in Management
ACC 709: Advanced Accounting Theory. 3 hours, 3 credits. The history and development of accounting theory. Topics include the objectives of financial statements; the fundamental concepts, conventions, and assumptions underlying financial statements; and the measurement, presentation, and disclosure of the elements of financial statements. Analysis of recent pronouncements of the Financial Accounting Standards Board and its predecessors, the Accounting Principles Board and the Committee on Accounting Procedures. Students will acquire an understanding of the principles used to evaluate current accounting practices and procedures. Students will be required to present reports on journal articles as preparation for the required thesis/special project to be completed in ACC 790. PREREQ: ACC 342 or equivalent.
ACC 719: Advanced Auditing. 3 hours, 3 credits. A study of auditing standards that will enable the student to relate the conceptual aspects to the procedural aspects of auditing and to understand its philosophy and environment. Explores the growing use of statistical sampling in auditing, as well as the impact of computers on the audit process. Emphasizes auditing problems encountered in computer-based systems, including the evaluation of internal controls, the evaluation of records produced by the system, and the use of the computer as an auditing tool. Written reports, including the Audit Report, are required. Special attention to reportable events and their resolutions with emphasis on professional ethics and responsibilities. PREREQ: ACC 441 or equivalent.
ACC 724: Accounting for the S.E.C. 3 hours, 3 credits. A detailed analysis and study of the requirements of the S.E.C. with regard to registration forms, reports, opinions, and ethics. Study of S.E.C. Accounting Series Releases, rulings, and decisions. PREREQ: ACC 719.
ACC 750: Advanced Taxation. 3 hours, 3 credits. The relationship between taxation and the formulation of business decisions and financial policies, with emphasis on problems resulting from the imposition of federal income taxes on business. Gross income, deductions, and capital gains are the key areas covered. Limited attention is given to the effect of federal income taxation of the individual. The course is broadly gauged, problem-oriented, and conceptual in approach. PREREQ: ACC 442 or equivalent.
ACC 751: Estate and Gift Taxation. 3 hours, 3 credits. A detailed study of the Federal and New York State estate and gift tax laws. Application of tax principles in planning and the preparation of returns will be included. PREREQ: ACC 442.
ACC 785: Independent Graduate Study in Accounting. 3 hours, 3 credits. Individual study and research on special topics in accounting, in consultation with a faculty member. PREREQ: To be determined by a supervising faculty member.
ACC 790: Graduate Seminar in Accounting. 3 hours, 3 credits. Readings and research culminating in the writing of a thesis/special report based on independent research. With faculty assistance, the student will select an accounting topic, present the results of his or her research to the class, and apply that research to an original topic. PREREQ: ACC 709.
MSB 700: Organizational Behavior. 3 hours, 3 credits. Study of human behavior in organizational settings; the interface between human behavior and the organization; structures and processes characteristic of organizations themselves; and ethical issues emerging in the management of human resources.
MSB 701: Quantitative Analysis for Managers. 3 hours, 3 credits. A survey of modern statistical concepts and quantitative methods as applied to business research and decision making. Statistical techniques covered include descriptive data analysis, probability distributions, correlation analysis, and regression analysis. Applied methods include linear programming and decision-making models. The objective is to prepare the student to analyze business data and to understand the statistical analyses encountered in business.
MSB 702: Economic Analysis for Managers. 3 hours, 3 credits. After a review of the basic microeconomic market structures, the course examines specific problems faced by the firm. These include managerial decisions regarding economic forecasting, analysis of return, risk and uncertainty, and allocation of resources for production.
MSB 703: Computer-Based Information Systems for Managers. 3 hours, 3 credits. This course explores the impact of computers on the scope and operation of business information systems. Topics include the technology, design, and implementation of computer-based systems and the role of systems design in improving the management process.
MSB 705: Financial Management. 3 hours, 3 credits. Techniques available for making financial decisions, with emphasis on those that deal with long-term investment projects. Specific topical coverage includes time valuation of money, value of assets, capital budgeting techniques, cost of capital and capital structure, dividend policy, and share value.
MSB 710: Investment Analysis. 3 hours, 3 credits. Principles involved in measuring and evaluating risk in various debt and equity instruments, with emphasis on security valuation. Specific topics include time valuation of money, value of assets, capital budgeting techniques, cost of capital and capital structure, dividend policy, and share value.
MSB 711: Capital Budgeting. 3 hours, 3 credits. Capital assets planning and evaluation. Topics covered include relevant cost concepts for decision making, present value theory and analysis, the theory and measurement of rate of return and cost of capital, and an introduction to capital rationing and probability theory. Specific cases are used to illustrate the practical aspects of each of the areas covered. Related problems, such as leasing, pricing, and debt refunding, are also introduced.
MSB 712: Financial Statements Analysis. 3 hours, 3 credits. Review of general principles governing the construction of financial statements; asset valuation, income determination and consolidated financial statements; characteristics of financial statements related to an understanding of analytical methods, including working capital, the statement of changes in financial position, and cash flow statements; examination of techniques used in analyzing solvency and the quality of earnings; forecasting techniques and implications; and impact of price level changes on financial statements and methods of financial statement analysis.
MSB 713: International Financial Management. 3 hours, 3 credits. The nature and purposes of financial management in the international context-sources of international investment and financing and strategies to procure and employ these resources; the role of exposure to exchange rate and international interest rate risks; use of banks and financial markets, such as Eurobond and currency option markets; and relevant techniques such as currency swaps, lease financing, and hybrid bond structure.
MSB 720: Managing in a Global Environment. 3 hours, 3 credits. Management processes and practices applicable to international business operations—examination of managerial functions, such as planning, organizing, communicating, staffing, and motivating and controlling, with respect to the global parameters of the business environment.
MSB 721: Applied Marketing Research. 3 hours, 3 credits. Provides students with a complete understanding of the methods and techniques involved in marketing research. Students will become familiar with all stages of the market research process from initial problem definition through the presentation of final results.
MSB 722: International Marketing Management: Culture, Law, and Politics. 3 hours, 3 credits. Key concepts of international marketing; emerging marketing opportunities and threats; entry mode strategies of international marketing; global strategies for products, brands, pricing, distribution, logistics, and communication; policy framework for international trade; international trade finance and risk management; institutional infrastructure for export promotion; international marketing research, export procedures, and documentation; and the World Trade Organization and its implications on international marketing.
MSB 723: Contemporary Issues in Marketing. 3 hours, 3 credits. Procedures utilized in creating a commercially viable product market, from the initial needs analysis through marketing the product in local and international economy. The promotional process will be particularly emphasized, including its advertising, sales and trade promotion, personal selling, and communication components.
MSB 730: Human Resource Management. 3 hours, 3 credits. Introduction to human resource management as a functional field of business administration. Topics include employment, placement, and human resource planning; training and development of an organization's human resources; compensation and benefits; management and labor relations; health, safety, and security; training in ethics and social responsibility; and human resource research.
MSB 731: Employee Training and Development. 3 hours, 3 credits. Advanced study of human resource management focusing on effective employee training and development. Topics include equal employment opportunity, recruiting, selection, training and development, compensation, and employee and labor relations.
MSB 732: Managing Group and Interpersonal Dynamics. 3 hours, 3 credits. Special techniques involved in human resources supervision in handling morale, discipline, communication, grievances, learning, and other phases of employee and labor relations.
MSB 733: Labor Economics. 3 hours, 3 credits. Problems and issues in labor economics: wages, hours, and working conditions; wage policy; and relation of labor organizations to management decisions and economic changes.
MSB 741: Operations Research. 3 hours, 3 credits. This course deals with the application of mathematics to decision-making problems. The mathematical and statistical techniques covered include linear programming, correlation, and probabilistic models. The objective is to enable the student to translate a verbal description problem into an equivalent mathematical model and define the value of the information derived from the model for practical purposes. Applications include inventory control and quality control problems. PREREQ: MSB 740.
MSB 768: Money and Banking. 3 hours, 3 credits. The instruments of the money and capital markets will be identified and discussed; the significance of fiscal and monetary policies and their effects on the money and capital markets, and the flow of funds will be analyzed.
MSB 795: Seminar in Strategic Management. 3 hours, 3 credits. Formulation and implementation of corporate strategy and the integration of these decisions in different functional areas. PREREQ: All the core courses and at least two courses in a major field must be completed before taking this seminar.
MSB 796: Seminar in Ethical Issues in Management. 3 hours, 3 credits. A multidisciplinary approach to the issues of ethical business practice, based on the examination of the role of business leadership in influencing society at large. Students will examine various experiences and participate in discussions regarding ethical dilemmas and day-to-day situations. Case studies are used to develop students' skills in situation analysis and conflict resolution. PREREQ: All the core courses and at least two courses in the major field must be completed before taking this seminar.