Course Planning

Maps of Suggested Courses

Course Map for Accounting 2007-08

Accounting elective courses can be viewed as focusing primarily on either accounting for external reporting and analysis of financial statements or on internal reporting and analysis to inform managerial decision-making.

External reporting and analysis sequence (prerequisites indicated by indentations):

NCC 500 Financial Accounting
External reporting system for managers-required core course

NBA 500 Intermediate Accounting - Spring
More complex areas of external accounting and the specific ways in which biased accounting occurs; taught using case studies drawn from actual corporate financial reports and the financial press-follows NCC500

NBA 508 Special Topics in Corporate Financial Reporting - 2nd half/Spring
An in-depth look at recent accounting controversies using a combination of case analysis, presentations and discussions.
NBA 506 Financial Statement Analysis - 1st half Fall/Spring
Strategic ratio analysis, cash flow projection, pro forma financial statements, residual income models, quality of earnings assessments, DCF-follows NCC 500: NBA 509 Advanced Financial Statement Analysis - 2nd half Fall
Trading strategies, relative (multiple) valuation, mergers and acquisitions - consolidated statements, deal structure, strategic deal pricing, joint ventures and alliances, holding companies and segments, credit and bankruptcy analysis - follows 506; NBA 511 Financial Modeling - 2nd half Spring
Spreadsheet models of financial statement effects of complicated financial transactions such as leveraged buyouts, mergers and acquisitions, and corporate reorganizations. The class meets in the Parker Center computer lab; NBA 512 Applied Portfolio Management - Fall/Spring
Cayuga Fund-financial statement analysis for portfolio management-enrollment by application only

Internal reporting and analysis sequence:

NBA 502 Managerial Cost Accounting - Fall/Spring
Internal reporting system & management decisions-product costing, cost estimation, relevant costs for decision making, budgeting, performance evaluation, cost control, activity-based costing, CVP analysis: NBA 503 Strategic Cost Management - 2nd half Fall
Interface between an organization's strategy and cost management system-target costing, value engineering, kaizen costing, cost reduction, activity-based management-following or concurrent with NBA 502
NBA 501 Income Taxes and Business Strategy - Spring

Relevance of Electives to Specializations

Consulting, General Management, Marketing, and Operations:: NBA502 Managerial Cost Accounting is essential. NBA506 Financial Statement Analysis and NBA503 Strategic Cost Management are strongly recommended. NBA 500 Intermediate Accounting is recommended for students with more interest in using external reports.

Investment Bankers/Analysts/Asset Managers:: NBA500 Intermediate Accounting, NBA506 Financial Statement Analysis, NBA511 Modeling,, NBA509 Advanced Financial Statement Analysis and NBA 501 Income Taxes are essential courses for these students. NBA 508 Special Topics in Corporate Financial Reporting is strongly recommended.

Managerial Finance:: These students need coursework from both the internal and external reporting sequences. NBA502 Managerial Cost Accounting, NBA500 Intermediate Accounting, NBA506 Financial Statement Analysis,, NBA511 Modeling and NBA 501 Income Taxes are essential. NBA509 Advanced Financial Statement Analysis, NBA 508 Special Topics in Corporate Financial Reporting, and NBA503 Strategic Cost Management are strongly recommended depending on focus.

Accountants:: All courses are essential.