May 27, 2024  
ARCHIVED 2017-2018 Graduate Catalog 
    
ARCHIVED 2017-2018 Graduate Catalog [ARCHIVED CATALOG]

Master of Business Administration


Mission Statement

The purpose of the Master of Business Administration program at North Central College is to expand a student’s analytical ability in problem recognition and resolution by educating the student as to the broad scope of business, economic, technological, social and ethical and management issues in the present day. The goal of the MBA program is to prepare students for career advancement. In providing students the opportunity for intellectual growth through small and interactive classes, balancing theoretical and practical perspectives, we assist our students in reshaping their potential and their capabilities.

Programs

Master of Business Administration

Courses

Accounting

  • ACC 501 - Financial Accounting

    3.00 credit hours
    Measurement and reporting of financial information, including revenue recognition, inventory valuation, depreciation theory, liability recognition, and corporate equity measurement.


    Click here for the schedule of classes.


  • ACC 502 - Managerial Accounting

    3.00 credit hours
    Development, analysis, and interpretation of accounting data for management decision-making. Topics include allocation of manufacturing overhead, budgeting, break-even and variance analysis, and methods of reporting costs that are essential to managerial decisions.

    Prerequisite(s): Knowledge of external and internal accounting reports is recommended.


    Click here for the schedule of classes.


  • ACC 530 - Taxes I

    3.00 credit hours
    Basic concepts of federal income tax laws and their application in individual taxation. Topics include gross income, excluded income, deductions (business, non-business, and employee), tax credits, depreciation, capital gains and losses, installment sales, nonrefundable credits and bad debts and losses. Students may not receive credit for both ACC 430 and ACC 530.

    Prerequisite(s): ACC 202.


    Click here for the schedule of classes.


  • ACC 531 - Taxes II

    3.00 credit hours
    Basic concepts of federal income tax laws and their application primarily to business entities. Topics include corporations, corporate distributions, partnerships, securities and retirement plans, administrative procedures and S corporations. Students may not receive credit for both ACC 431 and ACC 531.

    Prerequisite(s): ACC 430.


    Click here for the schedule of classes.


  • ACC 540 - Advanced Accounting

    3.00 credit hours
    A study of accounting principles concentrating on the preparation of consolidated financial statements and related topics. Students may not receive credit for both ACC 440 and ACC 540.

    Prerequisite(s): ACC 319.


    Click here for the schedule of classes.


  • ACC 560 - Accounting for Not-For-Profits

    3.00 credit hours
    A study of fund accounting as used by not-for-profit organizations such as government agencies, colleges, hospitals and charitable organizations. Students may not receive credit for both ACC 460 and ACC 560.

    Prerequisite(s): ACC 318.


    Click here for the schedule of classes.


  • ACC 570 - Auditing and Attestation

    3.00 credit hours
    A study of Generally Accepted Auditing Standards, procedures used to examine clients’ financial statements and the auditors’ decision-making process. Additional topics include internal control environment, evidence-gathering procedures, sampling and the preparation of the auditors’ report. Students may not receive credit for both ACC 470 and ACC 570.

    Prerequisite(s): ACC 310, ACC 318 and BUS 241.


    Click here for the schedule of classes.


  • ACC 590 - Seminar: Financial Accounting

    3.00 credit hours
    Topics in financial accounting with an emphasis on emerging issues and the nature of financial accounting standard setting. Repeatable with different topic. Students may not receive credit for both ACC 490 and ACC 590.

    Prerequisite(s): ACC 318.


    Click here for the schedule of classes.


  • ACC 599 - Independent Study

    3.00 credit hours
    Designed for students who intend to conduct an introductory study of a topic not covered in regular coursework.


    Click here for the schedule of classes.


  • ACC 601 - Financial Analysis and Control

    3.00 credit hours
    Building upon financial and managerial accounting principles, we will study and perform financial statement analysis. Recent requirements to strengthen reporting controls will be explored. Other relevant topics will be discussed.


    Click here for the schedule of classes.


  • ACC 692 - Special Topics

    3.00 credit hours
    Topics will vary depending on faculty and student interests. Topics and prerequisites will be announced in advance. May be taken more than once with different content.


    Click here for the schedule of classes.


  • ACC 693 - Independent Study

    3.00 credit hours
    Designed for students who intend to conduct an advanced study of a topic introduced previously in a graduate course.


    Click here for the schedule of classes.


  • ACC 696 - Thesis

    3.00 credit hours
    Prerequisite(s): Approval of MBA Coordinator and faculty supervisor.


    Click here for the schedule of classes.


Economics

  • ECN 500 - Principles of Economics

    3.00 credit hours
    Concepts relevant to the analysis of the economic environment of the business firm, including factors of supply and demand, elasticity, competition, unemployment, inflation, national income analysis, and resource allocation decisions by government, businesses, and households.


    Click here for the schedule of classes.


Finance

  • FIN 550 - Financial Management

    3.00 credit hours
    A survey of the tools, concepts and models used in financial analysis. Specific topics include discounted cash flow analysis, capital budgeting, risk and return, valuation models, financial markets, statement analysis, mergers and acquisitions and multinational finance.

    Prerequisite(s): ACC 501  or ACC 502 ; ECN 500 ; BUS 541  recommended.


    Click here for the schedule of classes.


  • FIN 599 - Independent Study

    3.00 credit hours
    Designed for students who intend to conduct an introductory study of a topic not covered previously in a regular course.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • FIN 600 - Investments, Portfolio Analysis and Financial Planning

    3.00 credit hours
    A broad survey of investments, portfolio analysis and financial planning. Topics include stock and bond market analysis and valuation; portfolio analysis and management; efficient markets; modern portfolio theory; and personal investment planning.

    Prerequisite(s): FIN 550  and BUS 541 .


    Click here for the schedule of classes.


  • FIN 610 - Personal Financial Planning

    3.00 credit hours
    A broad-based course covering topics in personal financial planning and personal finance. Topics include the financial planning process, creating and evaluating personal financial statements, tax planning, insurance planning, investment planning, evaluation of credit sources and financial services, retirement planning, estate planning and investment advising. The course is intended for a wide audience including students interested in taking a first step toward careers in personal financial consulting, advising and financial services (financial planning, investment advising, personal banking), who already work in financial services fields and seek a greater understanding of personal financial topics to better serve clients, or who seek to better manage their own financial affairs.

    Prerequisite(s): FIN 550 .


    Click here for the schedule of classes.


  • FIN 635 - Advanced Financial Management

    3.00 credit hours
    The analysis of long term strategic financial decisions. Topics include the cost of capital, capital budgeting, cash flow estimation, capital structure theory and policy, leasing, multinational finance, bankruptcy and reorganization, mergers and acquisitions.

    Prerequisite(s): FIN 550  and BUS 541 .


    Click here for the schedule of classes.


  • FIN 685 - International Finance

    3.00 credit hours
    Theory and application in the realm of financial decision making in the international sphere. Topics may include the global financial environment, foreign exchange risk management, financing international transactions and asset management including short-term and long-term multinational corporate finance decisions.

    Prerequisite(s): FIN 550 .


    Click here for the schedule of classes.


  • FIN 692 - Special Topics

    3.00 credit hours
    Topics will vary depending on faculty and student interests. Topics and prerequisites will be announced in advance. May be taken more than once with different content.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • FIN 693 - Independent Study

    3.00 credit hours
    Designed for students who intend to conduct advanced study of a topic introduced previously in a graduate course.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • FIN 696 - Thesis

    3.00 credit hours
    Prerequisite(s): Approval of MBA Coordinator and faculty supervisor.


    Click here for the schedule of classes.


Management

  • MGT 591 - Quality Management

    3.00 credit hours
    An elective course for graduate business students, at any stage of their degree program, which is designed to provide an overview of the importance of quality in a rapidly changing competitive environment. The course explores the applicability of total quality management concepts to all types of organizations.


    Click here for the schedule of classes.


  • MGT 599 - Independent Study

    3.00 credit hours
    This course is designed for students who want to do introductory study of a topic not covered in a regular course.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • MGT 620 - Operations Management

    3.00 credit hours
    A systems approach applied to operational tasks such as the production and control functions. Topics covered include production and operations scheduling, activity based costing, total quality control, productivity, inventory planning models, CADCAM, flexible manufacturing systems, computer integrated manufacturing and the interaction between production and other functional areas.

    Prerequisite(s): BUS 546 .


    Click here for the schedule of classes.


  • MGT 621 - Organizational Behavior

    3.00 credit hours
    An examination of the development of organization theory, as well as individual and group motivation and behavioral factors within organizations. Topics include organizational change, conflict, structure, development, communication, decision-making and leadership.


    Click here for the schedule of classes.


  • MGT 623 - Human Resource Management

    3.00 credit hours
    Examines factors, both inside and outside the organization, which influence the personnel planning function. Topics include employee selection, development, motivation, evaluation and remuneration and labor relations. Instructional methods include the case approach, laboratory exercises and small group discussions.


    Click here for the schedule of classes.


  • MGT 645 - Organizational Leadership and Group Performance

    3.00 credit hours
    An analysis of organizational leadership and the practice of leading and managing corporations and small businesses and not-for-profit associations or governmental agencies. The intellectual, psychological, political and social sources of leadership are studied for their theoretical foundation and practical application. The concepts of transformational and transactional leadership are continually examined and students are encouraged to develop their leadership skills through case analysis, role development and research projects.


    Click here for the schedule of classes.


  • MGT 675 - Strategic Management

    3.00 credit hours
    A case-oriented course in the formulation and implementation of organizational strategy, policy, structure and programs of action. Taught from a top management perspective, the course involves the student in strategy making and draws on prior course work in accounting, finance, marketing, management and personnel studies. Comprehensive cases cover behavioral, financial, marketing, legal and general management factors.

    Prerequisite(s): FIN 550  and second year graduate student; or consent of MBA Coordinator.


    Click here for the schedule of classes.


  • MGT 676 - Strategic Decision-Making

    3.00 credit hours
    The capstone for the MBA program. It investigates the impact of contemporary issues on corporate strategy. A case analysis approach is used to review economic, political, financial, and legal implications of strategic business decision-making. The course emphasizes identifying strategic alternatives, and developing business strategies that incorporate all of the functional activities and organizational processes related to competitive success.

    Prerequisite(s): MGT 675  and this course must be taken in one of the final two terms of the student’s MBA program.


    Click here for the schedule of classes.


  • MGT 682 - International Management

    3.00 credit hours
    The course will expose the student to the environment of international management, planning in the global arena, organizing global operations, international negotiations, strategy formulation, leadership and cross-cultural management, and finally, controlling international operations.

    Prerequisite(s): ACC 501  and ECN 500 ; or equivalent study in accounting and economics.


    Click here for the schedule of classes.


  • MGT 683 - Innovation and Organizational Change

    3.00 credit hours
    An analysis of the management of innovation and change in organizations; the technical, economic and social dynamics associated with the change process; and the role of the leader as a change agent. Case studies of organizations undergoing change, and biographies of leaders and change agents, are examined. Several models of change are studied, including the matrix of possible change strategies and actors in the organization. Students are encouraged to undertake a project of consequential change in an organization of their choice.

    Prerequisite(s): MGT 645  and MGT 675 .


    Click here for the schedule of classes.


  • MGT 685 - Human Resource Planning

    3.00 credit hours
    The development of a comprehensive plan for meeting the future personnel needs of an organization. Emphasis on the principles and practices required to forecast and acquire the human resources necessary to implement operational and strategic plans in organizations. Both for-profit and not-for-profit sectors are examined in regard to recruitment, selection, training and appraisal of organizational members.

    Prerequisite(s): MGT 623  and MGT 675 .


    Click here for the schedule of classes.


  • MGT 690 - International Business Study Abroad

    3.00 credit hours
    This course explores the international business dynamics of one city, state or region outside the United States including economic, legal, social and political issues. The course includes a short-term study abroad visit to the region, and significant pre- and post-visit components. Destinations and content change according to instructor. Repeatable with different content.

    Prerequisite(s): Completion of at least two terms at North Central College with graduate student status.


    Click here for the schedule of classes.


  • MGT 692 - Special Topics

    3.00 credit hours
    Topics will vary depending on faculty and student interests. Topics and prerequisites will be announced in advance. This course may be taken more than once with different content.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • MGT 693 - Independent Study

    3.00 credit hours
    This course is designed for students who want to do advanced study of a topic previously covered in a regular course, but not offered in another course.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • MGT 696 - Thesis

    3.00 credit hours
    Prerequisite(s): Approval of MBA Coordinator and faculty supervisor.


    Click here for the schedule of classes.


Management and Marketing

  • BUS 505 - Legal Environment of Business

    3.00 credit hours
    An introduction to the influence of public policy, as implemented through the legal system and governmental regulatory bodies, on the formation and operation of businesses in a competitive environment. Topics include issues such as environmental, safety, labor and antitrust legislation; affirmative action; product liability; interstate commerce regulation; and consumerism.


    Click here for the schedule of classes.


  • BUS 541 - Business Statistics

    3.00 credit hours
    Statistical theory and methodology, with applications of principles of probability, sampling and estimation, hypothesis testing, regression and correlation in a wide range of business decisions under conditions of risk and uncertainty.

    Prerequisite(s): College algebra or equivalent.


    Click here for the schedule of classes.


  • BUS 546 - Operations Research

    3.00 credit hours
    Applications of mathematical models in managerial decision-making. Statistical decision theory and optimization techniques including matrices, linear programming, decision theory, simulations, game theory, Markov processes, queuing theory and network analysis. Students may not receive credit for both BUS 446 and BUS 546.

    Prerequisite(s): BUS 541 .


    Click here for the schedule of classes.


  • BUS 567 - Project Management

    3.00 credit hours
    Skills and knowledge needed to effectively manage projects. Topics include methods of planning, estimating, scheduling, tracking and controlling projects. Address group process issues and leadership concerns. Students may not receive credit for both BUS 467 and BUS 567.

    Prerequisite(s): BUS 541 .


    Click here for the schedule of classes.


  • BUS 595 - Small Business Entrepreneurship

    3.00 credit hours
    A study of the skills and business strategies necessary for creating a successful small business. Additional topics include analysis of the economic climate, securing technical and financial assistance, new product development and business concepts applicable to entrepreneurial situations in a corporate environment.


    Click here for the schedule of classes.


  • BUS 599 - Independent Study

    3.00 credit hours
    Designed for students who intend to conduct an introductory study of a topic not covered in regular course.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • BUS 641 - Econometric Applications for Business

    3.00 credit hours
    Applications of multivariate-analysis methods in a business setting. Students will be expected to define business-related problems; develop research proposals; collect, analyze and interpret data; and prepare oral and written reports. Assignments include case studies and student/instructor defined projects.

    Prerequisite(s): BUS 541  or equivalent.


    Click here for the schedule of classes.


  • BUS 692 - Special Topics

    3.00 credit hours
    Topics will vary depending on faculty and student interests. Topics and prerequisites will be announced in advance. May be taken more than once with different content.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • BUS 693 - Independent Study

    3.00 credit hours
    Designed for students who intend to conduct advanced study of a topic introduced previously in a graduate course.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • BUS 697 - Internship

    1.00-3.00 credit hours
    The course provides students with practical experience by applying business concepts and technical skills learned in the classroom. This course may be repeated for credit for up to three credit hours.

    Prerequisite(s): Completion of a minimum of nine credit hours of graduate coursework in the subject, approval of the MBA Program Coordinator and Dean of Graduate and Professional Studies.


    Click here for the schedule of classes.


Marketing

  • MKT 570 - Marketing Management

    3.00 credit hours
    The analysis, planning, implementation and coordination of marketing activities for the purpose of achieving organizational objectives. Topics include determination of target market segments, needs and opportunities, developing marketing strategies and manipulation of elements in the marketing mix.


    Click here for the schedule of classes.


  • MKT 575 - Marketing Research Analysis and Management

    3.00 credit hours
    The quality of marketing decisions depends to a great extent on the information available to the marketing decision-maker. It is the function of marketing research to provide information for this decision making. The format of this course is to concentrate not only on how to do marketing research but why to do it that way. In this investigation such topics as research design, sources of marketing research data and techniques used to gather and interpret data, to mention a few, are discussed.

    Prerequisite(s): MKT 570 .


    Click here for the schedule of classes.


  • MKT 599 - Independent Study

    3.00 credit hours
    This course is designed for students who want to do introductory study of a topic not covered in a regular course.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • MKT 685 - Promotional Management

    3.00 credit hours
    A study of the theories and techniques applicable to the development of the promotional mix. Topics include the analysis and development of promotional objectives, budgets, message and media design, and measuring the effectiveness of advertising, sales promotion and public relations efforts.

    Prerequisite(s): MKT 570 .


    Click here for the schedule of classes.


  • MKT 688 - International Marketing

    3.00 credit hours
    An exploration of the differences between markets and distribution systems among various countries, with an emphasis on the social, economic and cultural factors causing these differences. Topics include the organization of trade channels in various cultures; typical government policies toward international trade as countries reach different stages of development, international marketing research, advertising and exporting.

    Prerequisite(s): MKT 570 .


    Click here for the schedule of classes.


  • MKT 692 - Special Topics

    3.00 credit hours
    Topics will vary depending on faculty and student interests. Topics and prerequisites will be announced in advance. This course may be taken more than once with different content.


    Click here for the schedule of classes.


  • MKT 693 - Independent Study

    3.00 credit hours
    This course is designed for students who want to do advanced study of a topic previously covered in a regular course, but not offered in another course.

    Prerequisite(s): Instructor consent.


    Click here for the schedule of classes.


  • MKT 696 - Thesis

    3.00 credit hours
    Prerequisite(s): Approval of MBA Coordinator and faculty supervisor.


    Click here for the schedule of classes.