UMHB Online Catalog
Department of Accounting, Economics and Finance
The Department of Accounting, Economics, and Finance supports the missions of the University of Mary Hardin-Baylor and the College of Business by preparing students for careers in accounting, economics, and finance fields. These careers include auditing, tax accounting, accounting systems, economic development, economic forecasting financial management, corporate finance, and financial institutions and markets in the public and private, profit and non-profit sectors.
Course Listing
BACC 2190-4490
Independent Study
Independent problem research under the guidance of a faculty member.
Prerequisites: Written consent of the supervising professor and the Dean prior to registration.
BACC 2311
Financial Accounting
An introduction to financial accounting, including the accounting cycle and the related study of asset and equity valuations for the primary financial statements of financial position, income, and cash flow.
BACC 2312
Managerial Accounting
An introduction to managerial accounting, including financial analysis, budgeting, job and process costing, standard costing, and other methods used by business professionals to obtain information for effective and efficient operations in today's environment.
BACC 2391-4391
Special Topics
Organized classes to explore specialized problems in an area of Accounting. May be repeated for credit when topics vary.
BACC 3324
Federal Income Tax Accounting I
The study of Federal Income Tax laws relating to individuals.
Prerequisites: A grade of "C" or better in BACC 2312. Fall only.
BACC 3325
Federal Income Tax Accounting II
A continiuation of a BACC 3324, with emphasis on property transactions, partnerships, and corporations.
Prerequisites: A grade of "C" or better in BACC 3324. Spring only.
BACC 3329
Accounting Information Systems
An in-depth study of accounting information systems including a historical perspecitve, concepts and definitions, the need for accounting information systems, analysis of hte system environment, and design and implementation with a focus on accounting information systems and integration with other management systems.
BACC 3421
Intermediate Accounting I
An in-depth study of the content and presentation of the primary financial statements with particular attention to the operating cycle, related asset and equity valuations, and income measurement.
BACC 3422
Intermediate Accounting II
A continuation of BACC 3421, with particular emphasis on stock and bond investments, long term liabilities, leases, pensions, deferred taxes, and stockholders' equity.
Prerequisites: A grade of "C" or better in BACC 3421. Lab fee. Spring Only.
BACC 4323
Cost Accounting
A study of the theories and practices of cost accounting as they related to cost-finding systems. The effects on fixed budgets of historical costs and predetermined standard costs are explored. Managerial use of cost data is emphasized.
Prerequisites: A grade of "C" or better in BACC 3422. Fall only.
BACC 4331
Auditing I
Introduction to auditing from a management perspective. Emphasis is on auditing techniques in general with applications for both external and internal auditing. Topics include criteria for audits, audit planning and procedures, risk and performance measurement, business activity and process evaluation, audit communications, and fraud investigation.
BACC 4341
Financial Statement Analysis
Reveals the keys to effective analysis of financial statements and provides the student with the tools needed to make relevant decisions. The student will learn how investors, creditors, consultants, managers, auditors, directors, regulators, etc. use financial statements to make business decisions. Focus of the course is to demonstrate the relevance of such analysis with applications to real world companies.
BACC 4342
CPA Review
A study of advanced problems given by the American Institute of Certified Public Accountants in the CPA examination. The course provides a comprehensive review of salient concepts from the entire accounting curriculum.
Prerequisites: A grade of "C" or better in BACC 3422 or permission of instructor. Lab fee. Spring only.
BACC 4343
Advanced Auditing
Continuation of BACC 4331 with an emphasis on financial statement auditing. Topics include audit theory and legal ramifications; statistical auditing and legal ramifications; statistical auditing and sampling techniques, analysis of financial data, transactions, and statements; and preparation of auditing opinions based upon work papers. As part of the course, students will work in audit terms to perform actual audits of area non-profit organizations.
Prerequisites: A grade of "C" or better in BACC 4331. Spring only.
BACC 4344
Advanced Income Tax
A continuation of BACC 3325, including Federal Estate and Gift Taxation and an in-depth study of tax research methodology resulting in effective communication of case-based tax law conclusions.
BACC 4350
Ethics for Accountants
Emphasis of the course includes ethical issues that relate to accounting. Areas of discussion includes ethical reasoning, integrity, objectivity, independence and other core values.
Prerequisites: Senior standing. Accounting Majors only.
BACC 4395
Internship in Accounting
This course permits students to enhance their knowledge within their major field of specialization through application of concepts, principles, and techniques learned in the classroom. It consists of supervised paid work as a professional-level intern for an employer with an approved internship program. Application must be approved prior to registration.
Prerequisites: Junior standing, 3.0 GPA in major and overall, and consent of the Dean.
BECO 2190-4490
Independent Study
Independent problem research under the guidance of a faculty member.
Prerequisites: Written consent of the supervising professor and the Dean prior to registration.
BECO 2311
Principles of Macroeconomics
A study of macroeconomics including Gross National Product (GNP), price indexes, circular flow analysis, fiscal and monetary policy, along with Keynesian and supply-side economic theory.
BECO 2312
Principles of Microeconomics
A study of basic microeconomic concepts, business organization, supply and demand theory, marginal analysis, and current economic problems.
BECO 2391-4391
Special Topics
Organized classes to explore specialized problems in an area of Economics. May be repeated for credit when topics vary.
BECO 3320
Intermediate Macroeconomic Theory
This course is designed to provide an in-depth study of macroeconomic theory. Topics include the measure of national income, classical macroeconomic theory, Keynesian aggregate economic theory, numerous consumption and investment theories, interest rate theories, and the role of money in modern economic theory. This course will emphasize the role of macroeconomics in understanding our complex economic system.
BECO 3321
Intermediate Microeconomic Theory
An intermediate intensive study of contemporary microeconomic theory. Topics include consumer demand, market structure, production theory, the nature and behavior of costs, pricing and allocation of productive resources, and distribution of income.
BECO 4310
Econometrics
The development of statistical techniques of measurement and inference especially suited to empirical economics: linear regression, maximum likelihood estimation, and significance tests, with particular emphasis upon the proper formulation and testing of hypotheses.
BECO 4342
Contemporary Economic Issues
A course That applies microeconomic and macroeconomic analysis to evaluate contemporary economic issues.
BECO 4343
Financial Institutions and Markets
Financial intermediaries between the suppliers and users of funds will be studied. The dynamics of financial markets will be highlighted. (Same as BFIN 4343)
BECO 4350
History of Economic Thought
This course is designed to help the student understand the role economists have played in our economic and political history. The course will survey the thoughts and subsequent theories of our most famous economists. The topics studied will trace our way through the ancient philosophers up to contemporary economic thinking. Contributions of economists over the past three centuries will be emphasized.
BECO 4370
International Economics
A study of the basis for trade among nations and the means of its financing, customs unions, balance-of-payments payments, and similar topics, with particular emphasis upon the issue of “fair” trade. Fall only.
BECO 4395
Internship in Economics
This course permits students to enhance their knowledge within their major field of specialization through application of concepts, principles, and techniques learned in the classroom. It consists of supervised paid work as a professional-level intern for an employer with an approved internship program. Application must be approved prior to registration.
Prerequisites: Junior standing, 3.0 GPA in major and overall, and consent of the Dean.
BFIN 2190-4490
Independent Study
Independent problem research under the guidance of a faculty member.
Prerequisites: Written consent of the supervising professor and the Dean prior to registration.
BFIN 2310
Personal Finance
This course is designed to meet the requirements of a general elective for a non-business major. Topics include personal budgeting, personal financial planning, purchasing major assets, insurance, credit management, and related topics. This course will not count in a BBA degree or as a business elective for any degree.
Prerequisites: A grade of “C” or better in Math 1306 or higher.
BFIN 2391-4391
Special Topics
Organized classes to explore specialized problems in an area of Finance. May be repeated for credit when topics vary.
BFIN 3310
Business & Personal Finance
Introduction to the principles of personal financial planning including strategies for saving, investing, insurance, credit management, and home ownership.
Prerequisites: “C” or better in BACC 2311.
BFIN 3311
Principles of Finance
An introduction to the principles of financial management including the role of the financial manager, cash flow, capital budgeting, planning for profits, financing, and financial decision-making.
BFIN 3322
Principles of Real Estate
Principles of real estate, finance, brokerage, regional economics, building and construction, marketing, appraising, and real estate law.
Prerequisites: BFIN 3311. Fall only.
BFIN 3324
Financial Risk Management
Methods to identify and control the risks facing individuals and businesses are revealed. The topics covered include risk analysis, loss prevention, self-insurance, and various other insurance and financial alternatives to reduce the organization’s risk of loss.
Prerequisites: BFIN 3311.
BFIN 3333
Corporate Finance
An advanced study of short-term financial management which includes the topics of financial planning, cash management, credit management, short-term financing, leasing, and financial statement analysis. An advanced study of the acquisition and utilization of long-term capital will include the topics of capital structure, capital budgeting, mergers and acquisitions, valuation, and dividends.
Prerequisites: BFIN 3311. Spring Only.
BFIN 3334
Working Capital Management
Additional discussions in the areas of lease financing, investment banking, hybrid financing, inventory and credit management, derivatives and risk management, mergers and divestitures, pension plan management, short-term financing, and other related topics. Fall Only
BFIN 4331
Investment Analysis
A course emphasizing the commitment of funds to various security forms such as common stocks, bonds, warrants, convertible bonds, liquid assets, and other securities.
BFIN 4341
Financial Statement Analysis
Reveals the keys to effective analysis of financial statements and provides the student with the tools needed to make relevant decisions. The student will learn how investors, creditors, consultants, managers, auditors, directors, regulators, etc. use financial statements to make business decisions. Focus of the course is to demonstrate the relevance of such analysis with applications to real world companies.
BFIN 4343
FInancial Institutions and Markets
Financial intermediaries between the suppliers and users of funds will be studied. The dynamics of financial markets will be highlighted.
BFIN 4395
Internship in Finance
This course permits students to enhance their knowledge within their major field of specialization through application of concepts, principles, and techniques learned in the classroom. It consists of supervised paid work as a professional-level intern for an employer with an approved internship program. Application must be approved prior to registration.
Prerequisites: Junior standing, 3.0 GPA in major and overall, and consent of the Dean.
BXXX 2190-2490
Independent Study
Independent problem research under the guidance of a faculty member. Student will register for course in the field of study (“XXXX”).
Prerequisites: Written consent of the supervising professor and the Dean prior to registration.
BXXX 2391-4391
Special Topics
Organized classes to explore specialized problems in an area of Business Administration. May be repeated for credit when topics vary.
BXXX 4395
Internship in Business Administration
This course permits students to enhance their knowledge within their major field of specialization through application of concepts, principles, and techniques learned in the classroom. It consists of supervised paid work as a professional-level intern for an employer with an approved internship program. Application must be approved prior to registration. Student will register for the course in the student’s major field academic area (“XXX”).
Prerequisites: Junior standing, 3.0 GPA in major and overall, and consent of the Dean.
This is an abbreviated version of the catalog. Click here to view a complete PDF.