Interim Chair: Lary Cowart
The Department of Accounting and Finance is responsible for activities in accounting and finance.
Mission Statement
The Department of Accounting and Finance is committed to providing a high-quality, practice-oriented educational experience to a largely urban population. The department will offer an educational foundation that will prepare students for professional careers or enable them to pursue graduate studies. The department will contribute to the understanding and application of knowledge through the scholarship activities of the faculty. The department will maintain a continuing relationship with the professional community while supporting the internal activities of the University.
Uniform CPA Exam
The State of Alabama requires that applicants for the Uniform CPA Exam hold a baccalaureate degree from an accredited institution and possess a total of 150 semester hours of post-secondary education, including at least 33 semester hours of accounting at the upper-division or graduate level.
There are two ways that UAB students can meet these requirements:
- By obtaining a Master of Accounting degree. The Department of Accounting and Finance offers a master’s program that is fully accredited by AACSB International. Under the state’s 150-hour law, holders of graduate degrees from accredited accounting programs automatically qualify to sit for the Uniform CPA Exam. Students interested in this option should refer to the UAB Graduate School Catalog for admission policies.
- By obtaining an undergraduate accounting degree (or its equivalent) and completing certain additional coursework as specified under the state’s 150-hour law. Students interested in this option should contact an undergraduate advisor in the Office of Student Services for specific guidance. Students interested in this option and hold degrees from other institutions should contact an undergraduate business advisor as well as apply to the university as an undergraduate seeking a second degree.
Other Professional Accounting Certifications
Other examinations leading to professional certification (CMA, CIA, etc.) generally do not require academic coursework beyond the baccalaureate degree. Students interested in other accounting certifications should contact an undergraduate business advisor or any member of the accounting faculty for further information.
Accounting Major
The objective of the major in accounting is to provide basic conceptual accounting and business knowledge as a foundation for beginning professional careers as accountants in the fields of public accounting, private or industrial accounting, and governmental accounting, or for pursuing study at the graduate level. In the senior year, students may specialize to a limited extent by taking one or more advanced courses in a particular field.
Students must have a minimum grade of C in all accounting courses numbered 200 or above. The grade of C is a prerequisite for all accounting courses numbered 300 and above. In addition, students must have a minimum grade of C and have an overall C average in all major courses. At least 15 hours of the major must be taken at UAB. The university’s course forgiveness policy may be applied in this major.
Finance Major
The finance curriculum is designed to provide an understanding of financial operating and investment problems in both financial and non-financial businesses. Careers are available in areas such as government, securities businesses, banking, insurance, real estate, savings and other financial intermediaries, and in the financial management of non-financial businesses.
Finance majors must earn a minimum grade of C and have an overall 2.0 GPA in all major courses. At least 15 hours of the major must be taken at UAB. The university course forgiveness policy may be applied to any finance concentration.
Major Requirements for Accounting
Major Requirements for Accounting with a Concentration in Forensic Accounting and Information Technology Auditing
Major Requirements for Finance with a Concentration in Financial Management
Major Requirements for Finance with a Concentration in Investments and Institutions
Major Requirements for Finance with a Concentration in Real Estate
Upper Level Business Requirements For Accounting
| Requirements | Hours | |
|---|---|---|
| Upper Level Requirements | ||
| Students must earn a grade of C or better in the stated prerequisites of each School of Business course and have an overall 2.0 GPA. | ||
| BUS 350 | Business Communications | 3 |
| FN 310 | Fundamentals of Financial Management | 3 |
| IS 303 | Information Systems | 3 |
| MG 302 | Management Processes and Behavior/SL | 3 |
| MG 403 | Operations Management | 3 |
| MK 303 | Basic Marketing | 3 |
| Capstone (AC) | ||
| AC 495 | Accounting Capstone | 3 |
| International Business Requirement | ||
| Select one of the following: | 3 | |
| International Economics | ||
| International Financial Management | ||
| International Business Dynamics | ||
| International Marketing | ||
| International Accounting: From a User's Perspective | ||
| Total Hours | 24 | |
Major Requirements for Accounting
| Requirements | Hours | |
|---|---|---|
| Grade and GPA Requirement | ||
Must earn a minimum grade of C in each course and have overall 2.0 GPA in major courses. | ||
| Accounting Requirements | ||
| AC 300 | Financial Accounting I 1 | 3 |
| AC 304 | Accounting Information Systems 1 | 3 |
| AC 310 | Financial Accounting II | 3 |
| AC 401 | Cost Accounting | 3 |
| AC 402 | Income Taxation I | 3 |
| AC 413 | Internal Auditing | 3 |
| Accounting Major Electives | ||
| Select 6 hours from 400-level or higher Accounting (AC) courses. | 6 | |
| Total Hours | 24 | |
| 1 | May be taken concurrently. |
Concentration in Forensic Accounting and Information Technology Auditing
The increased attention focusing on inappropriate and fraudulent behavior within the business community in recent years has led to the creation of a concentration in Forensic Accounting and Information Technology Auditing at UAB. This concentration introduces accounting and information systems students to the basics of fraud, IT audits, fraud examination and forensic accounting. Although of value to anyone in the financial information professions, it is designed to appeal to those students with an interest in becoming Certified Fraud Examiners (CFEs).
Accounting and information systems majors may choose, (as a part or in addition to the courses required for the major), the following series of courses which make up the concentration:
| Requirements | Hours | |
|---|---|---|
| Concentration Requirements | ||
| AC/IS 472 | Forensic Accounting and Information Tech Auditing | 3 |
| AC/IS 473 | Fraud Examination | 3 |
| AC/IS 474 | Forensic Accounting Practicum | 1-3 |
| LS 471 | Legal Elements of Fraud Investigation | 3 |
| Total Hours | 10-12 | |
Major in Finance
Upper Level Business Requirements For Finance
| Requirements | Hours | |
|---|---|---|
| Upper-Level Requirements | ||
| Students must earn a grade of C or better in the stated prerequisites and have an overall 2.0 GPA. | ||
| BUS 350 | Business Communications | 3 |
| IS 303 | Information Systems | 3 |
| MK 303 | Basic Marketing | 3 |
| FN 310 | Fundamentals of Financial Management | 3 |
| MG 302 | Management Processes and Behavior/SL | 3 |
| QM 350 | Quantitative Methods for Finance (or other advisor approved course) | 3 |
| Capstone Courses | 3 | |
| Investments and Institutions Capstone (Investments & Institutions Concentration) | ||
| Financial Management Capstone (Financial Management & Real Estate Concentrations) | ||
| International Business Requirement | ||
| FN 412 | International Financial Management | 3 |
| Total Hours | 24 | |
Finance majors should select a concentration in Financial Management or Investments and Institutions or Real Estate as a major.
Financial Management
Students who expect to own and/or operate small businesses, or who wish to seek employment as financial analysts in large corporations, should select this concentration. Topics studied include financial analysis and forecasting, capital budgeting, working capital management, valuation theory, and other specialized areas in finance.
Major Requirements For Finance With Financial Management Concentration
| Requirements | Hours | |
|---|---|---|
| Grade and GPA Requirement | ||
| Students must earn a grade of C or better in each course, have an overall 2.0 GPA, and have an overall 2.0 GPA in all major courses. | ||
| Finance Requirements | ||
| AC 320 | Financial Accounting Survey | 3 |
| AC 401 | Cost Accounting | 3 |
| FN 311 | Short-Term Financial Management | 3 |
| FN 320 | Financial Research Methods | 3 |
| FN 350 | Equity Portfolio Management | 3 |
| FN 410 | Advanced Financial Management | 3 |
| FN 411 | Case Studies in Financial Management | 3 |
| FN 453 | Financial Risk Management | 3 |
| Finance Major Elective | ||
| Select one 300-level or higher AC, EC, or FN course approved by finance advisor. 1 | 3 | |
| Total Hours | 27 | |
| 1 | Note: Students may not apply any course to satisfy this requirement and a requirement in the Upper-Level Business Requirements. Each course used only once. |
Investments and Institutions
Students who wish to prepare for careers in financial institutions (such as banks, thrifts, insurance companies, and credit unions), or the securities industry (such as a stockbroker, portfolio manager, financial planner, or securities analyst), should select this concentration. Topics include commercial bank management, credit analysis, trust services, securities markets, and portfolio management, economic forecasting, and real estate.
Major Requirements For Finance, with Investments & Institutions Concentration
| Requirements | Hours | |
|---|---|---|
| Grade and GPA Requirement | ||
| Students must earn a C or better in each course, have an overall 2.0 GPA, and an overall 2.0 GPA in all major courses. | ||
| Finance Requirements | ||
| AC 320 | Financial Accounting Survey | 3 |
| EC 420 | Applied Forecasting | 3 |
| FN 320 | Financial Research Methods | 3 |
| FN 350 | Equity Portfolio Management | 3 |
| FN 351 | Bond Portfolio Management | 3 |
| FN 410 | Advanced Financial Management | 3 |
| FN 420 | Financial Sales & Trading | 3 |
| or FN 452 | Management of Financial Intermediaries | |
| FN 453 | Financial Risk Management | 3 |
| Finance Major Elective | ||
| Select one 300-level or higher EC, FN or AC course approved by finance advisor. 1 | 3 | |
| Total Hours | 27 | |
| 1 | Students may not apply any course to satisfy this requirement and a requirement in the Upper-Level Business Requirements. Each course used only once. |
Real Estate
Students who wish to focus on real estate finance and investment analysis should select this concentration. Topics included, but not limited to, are the commercial real estate industry and preparation for related entry positions with developers, lenders, appraisers, brokers, investment bankers, real estate advisors, real estate trusts and consulting firms, both nonprofit organizations and government agencies.
Major Requirements For Finance With Real Estate Concentration
| Requirements | Hours | |
|---|---|---|
| Grade and GPA Requirement | ||
| Students must earn a grade of C or better in each course, have an overall 2.0 GPA, and have an overall 2.0 GPA in all major courses. | ||
| Finance Requirements | ||
| AC 320 | Financial Accounting Survey | 3 |
| FN 470 | Real Estate Finance | 3 |
| FN 320 | Financial Research Methods | 3 |
| FN 475 | Real Estate Investment Analysis and Valuation | 3 |
| FN 370 | Principles of Real Estate | 3 |
| FN 350 | Equity Portfolio Management | 3 |
| or FN 452 | Management of Financial Intermediaries | |
| FN 410 | Advanced Financial Management | 3 |
| Finance Major Elective | ||
| Select two 300-level or higher EC, FN, MK, or QM course approved by finance advisor. | 6 | |
| Total Hours | 27 | |
Admissions Requirement
Students must be admitted to the School of Business. Please review the School of Business Admissions Requirements.
School of Business Requirements
Students must adhere to all School of Business Academic Requirements and Finance major GPA requirements. Use of the university’s course forgiveness policy is allowed.
Free Electives
If the courses taken to satisfy all of the requirements will not meet the minimum credit hour requirement to graduate, free electives may be taken to reach the required number of hours.
Proposed Program of Study for a Major in Accounting
| Freshman | |||
|---|---|---|---|
| First Term | Hours | Second Term | Hours |
| EH 101 | 3 | EH 102 | 3 |
| MA 105 | 3 | CMST 101 | 3 |
| BUS 101 | 3 | IS 103 | 3 |
| Core Curriculum Area IV: Social & Behavoiral Science 1 | 3 | Core Curriculum Area II: Humanities and Fine Art 2 | 3 |
| Core Curriculum Area III: Natural Science with Lab | 4 | BUS 110 | 3 |
| 16 | 15 | ||
| Sophomore | |||
| First Term | Hours | Second Term | Hours |
| QM 214 | 3 | LS 246 | 3 |
| AC 200 | 3 | QM 215 | 3 |
| EC 210 | 3 | AC 201 | 3 |
| Core Curriculum Area II: Literature Sequence | 3 | EC 211 | 3 |
| Core Curriculum Area III: Natural Science (with laboratory) | 4 | Core Curriculum Area II: Literature Sequence | 3 |
| 16 | 15 | ||
| Junior | |||
| First Term | Hours | Second Term | Hours |
| BUS 350 | 3 | MK 303 | 3 |
| MG 302 | 3 | AC 310 | 3 |
| AC 304 | 3 | AC 402 | 3 |
| AC 300 | 3 | AC 401 | 3 |
| Core Curriculum Area IV: History3 | 3 | MG 403 | 3 |
| 15 | 15 | ||
| Senior | |||
| First Term | Hours | Second Term | Hours |
| FN 310 | 3 | AC 495 | 3 |
| AC 413 | 3 | International Business Elective4 | 3 |
| IS 303 | 3 | Accounting Elective (400 Level) | 3 |
| Accounting Elective (400 Level) | 3 | General Elective | 4 |
| General Elective | 3 | ||
| 15 | 13 | ||
| Total credit hours: 120 | |||
| 1 | Select one of the following courses: PY 101, SOC 100 or ANTH 101. |
| 2 | Select one of the following courses: ARH 101, MU 120 or THR 100. |
| 3 | Select one of the following courses: HY 101, HY 102, HY 120 or HY 121. |
| 4 | Select one of the following:AC 440, FN 412, EC 407, MK 416 or MG 415. |
Proposed Program of Study for a Major in Finance with a Concentration in Financial Management
| Freshman | |||
|---|---|---|---|
| First Term | Hours | Second Term | Hours |
| EH 101 | 3 | EH 102 | 3 |
| MA 105 | 3 | CMST 101 | 3 |
| BUS 101 | 3 | IS 103 | 3 |
| Core Curriculum Area III: Natural Science with Lab | 4 | Core Curriculum Area II: Humanities and Fine Art2 | 3 |
| Core Curriculum Area IV: Social & Behavorial Science 1 | 3 | BUS 110 | 3 |
| 16 | 15 | ||
| Sophomore | |||
| First Term | Hours | Second Term | Hours |
| QM 214 | 3 | LS 246 | 3 |
| AC 200 | 3 | QM 215 | 3 |
| EC 210 | 3 | AC 200 | 3 |
| Core Curriculum Area II: Literature Sequence | 3 | EC 211 | 3 |
| Core Curriculum Area III: Natural Science (with laboratory) | 4 | Core Curriculum Area II: Literature Sequence | 3 |
| 16 | 15 | ||
| Junior | |||
| First Term | Hours | Second Term | Hours |
| QM 350 | 3 | BUS 350 | 3 |
| AC 320 | 3 | IS 303 | 3 |
| EC 301 | 3 | FN 410 | 3 |
| FN 310 | 3 | FN 412 | 3 |
| Core Curriculum Area IV: History3 | 3 | MK 303 | 3 |
| 15 | 15 | ||
| Senior | |||
| First Term | Hours | Second Term | Hours |
| FN 350 | 3 | FN 453 | 3 |
| FN 320 | 3 | FN 311 | 3 |
| FN 411 | 3 | FN 496 | 3 |
| AC 401 | 3 | General Electives | 4 |
| MG 302 | 3 | ||
| 15 | 13 | ||
| Total credit hours: 120 | |||
| 1 | |
| 2 | |
| 3 |
Proposed Program of Study for a Major in Finance with a Concentration in Investments and Institutions
| Freshman | |||
|---|---|---|---|
| First Term | Hours | Second Term | Hours |
| EH 101 | 3 | EH 102 | 3 |
| MA 105 | 3 | CMST 101 | 3 |
| BUS 101 | 3 | IS 103 | 3 |
| Core Curriculum Area IV: Social and Behavioral Science1 | 3 | Core Curriculum Area II: Humanities and Fine Art2 | 3 |
| Core Curriculum Area IV: History3 | 3 | BUS 110 | 3 |
| 15 | 15 | ||
| Sophomore | |||
| First Term | Hours | Second Term | Hours |
| QM 214 | 3 | LS 246 | 3 |
| AC 200 | 3 | QM 215 | 3 |
| EC 210 | 3 | AC 201 | 3 |
| Core Curriculum Area II: Literature Sequence | 3 | EC 211 | 3 |
| Core Curriculum Area III: Natural Science (with laboratory) | 4 | Core Curriculum Area II: Literature Sequence | 3 |
| 16 | 15 | ||
| Junior | |||
| First Term | Hours | Second Term | Hours |
| QM 350 | 3 | BUS 350 | 3 |
| MK 303 | 3 | FN 320 | 3 |
| MG 302 | 3 | FN 350 | 3 |
| FN 310 | 3 | AC 320 | 3 |
| EC 301 | 3 | FN 351 | 3 |
| 15 | 15 | ||
| Senior | |||
| First Term | Hours | Second Term | Hours |
| IS 303 | 3 | FN 453 | 3 |
| EC 420 | 3 | FN 495 | 3 |
| FN 410 | 3 | FN/EC/AC Elective 300/400 level | 3 |
| FN 420 | 3 | Core Curriculum Area III: Natural Science with Lab | 4 |
| FN 452 | 3 | General Electives | 4 |
| 15 | 17 | ||
| Total credit hours: 123 | |||
| 1 | |
| 2 |
Proposed Program of Study for a Major in Finance with a Real Estate Concentration
| Freshman | |||
|---|---|---|---|
| First Term | Hours | Second Term | Hours |
| EH 101 | 3 | EH 102 | 3 |
| MA 105 | 3 | CMST 101 | 3 |
| BUS 101 | 3 | IS 103 | 3 |
| Core Curriculum Area II: Humanities, Fine Arts | 3 | BUS 110 | 3 |
| Core Curriculum Area IV: Social and Behavorial Science1 | 3 | Core Curriculum Area III: Natural Science (with laboratory) | 4 |
| 15 | 16 | ||
| Sophomore | |||
| First Term | Hours | Second Term | Hours |
| QM 214 | 3 | LS 246 | 3 |
| AC 200 | 3 | QM 215 | 3 |
| EC 210 | 3 | AC 201 | 3 |
| Core Curriculum Area II: Literature Sequence | 3 | EC 211 | 3 |
| Core Curriculum Area III: Natural Science (with laboratory) | 4 | Core Curriculum Area II: Literature Sequence | 3 |
| 16 | 15 | ||
| Junior | |||
| First Term | Hours | Second Term | Hours |
| QM 350 | 3 | BUS 350 | 3 |
| EC 301 | 3 | IS 303 | 3 |
| AC 320 | 3 | FN 410 | 3 |
| FN 310 | 3 | FN 412 | 3 |
| Core Curriculum Area IV: History3 | 3 | MK 303 | 3 |
| 15 | 15 | ||
| Senior | |||
| First Term | Hours | Second Term | Hours |
| FN 370 | 3 | FN 475 | 3 |
| FN 320 | 3 | FN 496 | 3 |
| FN 350 or 452 | 3 | FN 470 | 3 |
| MG 302 | 3 | General Electives | 4 |
| Major Elective (300 or 400 level) | 3 | ||
| 15 | 13 | ||
| Total credit hours: 120 | |||
| 1 | |
| 2 | |
| 3 |
AC-Accounting Courses
AC 200. Principles of Accounting I. 3 Hours.
Basic concepts with focus on how accounting events affect financial statements. Emphasizes preparation, communication and use of external financial reports, accrual versus cash, receivables, payables, inventory, recording long-term operational assets, long-term liabilities, stockholders¿ equity, recording procedures, and financial statement analysis dealing with the benefits and risks associated with that information. Quantitative Literacy is a significant component of this course (QEP).
AC 201. Principles of Accounting II. 3 Hours.
Basic concepts associated with internal reporting. Use of relevant information for planning, control, and decision making. Cost behavior, cost allocation, product costing, budgeting, responsibility accounting, and capital budgeting.
Prerequisites: AC 200 [Min Grade: C]
AC 300. Financial Accounting I. 3 Hours.
Accounting cycle, environment of financial accounting, conceptual framework of financial accounting, financial statements, time value of money, cash and receivables.
Prerequisites: (AC 201 [Min Grade: C] and AC 304 [Min Grade: C](Can be taken Concurrently) and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and AC 304 [Min Grade: C](Can be taken Concurrently) and GPAU 2.00 and GPAO 2.00)
AC 304. Accounting Information Systems. 3 Hours.
Transaction processing cycles of accounting system; internal control, development, and control of information systems; emerging development of information technology.
Prerequisites: (AC 201 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 310. Financial Accounting II. 3 Hours.
Continuation of AC 300. Inventories, plant assets, intangible assets, current liabilities, long-term debt and stockholders' equity.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 320. Financial Accounting Survey. 3 Hours.
Accounting cycle, financial accounting theory, financial statements, cash and receivables, inventories, plant assets, intangible assets, current liabilities, long-term debt, stockholders' equity, investments, income taxes, pension benefits, leases, error correction, and reporting of accounting changes and earnings per share. Not open to accounting majors.
Prerequisites: (AC 201 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 401. Cost Accounting. 3 Hours.
Basic theory and procedures involving cost determination, analysis, and control. Cost allocations, application of overhead, budgeting, standard costs, job order, process and by-product costing, spoilage, and quantitative techniques. Junior standing required.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 320 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00) or (AC 320 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 402. Income Taxation I. 3 Hours.
Fundamentals and basic concepts of taxation of various entities, with emphasis on federal income taxation of individuals. Junior standing required.
Prerequisites: (AC 201 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 413. Internal Auditing. 3 Hours.
Theory and practice of internal auditing and application of internal auditing principles and techniques to selected audit problems.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 414. Governmental and Not-for-Profit Accounting. 3 Hours.
Budgetary and fund accounting as applied to municipalities, other governmental units, and institutions operating as nonprofit entities.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 423. External Auditing. 3 Hours.
Study of the external audit function and the essential standards that govern audit practice.
Prerequisites: AC 413 [Min Grade: C](Can be taken Concurrently) and AC 310 [Min Grade: C] and GPAT and GPAO 2.00) or AC 413 [Min Grade: C](Can be taken Concurrently) and AC 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 430. Financial Accounting III. 3 Hours.
Dilutive securities, earnings per share, investments, accounting for income taxes, accounting changes and error analysis, statement of cash flows, retirement benefits, leases and selected disclosures.
Prerequisites: (AC 310 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 440. International Accounting: From a User's Perspective. 3 Hours.
Development of internatinal accounting knowledge needed to make informed decisions in global business environment.
Prerequisites: AC 200 [Min Grade: C] and AC 201 [Min Grade: C]
AC 441. International Accounting: Study Abroad. 3 Hours.
Development of intrnational accounting knowledge needed to make informed decisions in global business environment through study abroad.
Prerequisites: AC 440 [Min Grade: C]
AC 452. Income Taxation II. 3 Hours.
Completion of fundamentals of taxation for individuals. Basic concepts and laws applicable to partnerships and corporations. Tax research techniques and tax planning concepts.
Prerequisites: (AC 402 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 402 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 464. Accounting Internship. 3 Hours.
Work experience enabling students to better integrate academic knowledge with practical applications by exposure to accounting practice and business environment.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAT and GPAO 2.50) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.50)
AC 472. Forensic Accounting and Information Tech Auditing. 3 Hours.
Introduction to the practice of forensic accounting and its relationship to auditing in settings characterized by extensive reliance on information technology. An emphasis on audit methodology as applied to accounting information systems.
Prerequisites: (AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 473. Fraud Examination. 3 Hours.
Advanced forensic accounting concepts with a primary focus on occupational fraud and abuse--its origins, perpetration, prevention, and detection.
Prerequisites: (AC 304 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 304 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 474. Forensic Accounting Practicum. 1-3 Hour.
Work experience requiring the application of forensic accounting concepts and methods.
Prerequisites: (AC 472 [Min Grade: C] and AC 473 [Min Grade: C] and LS 471 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 472 [Min Grade: C] and AC 473 [Min Grade: C] and LS 471 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 480. Advanced Financial Accounting. 3 Hours.
Business combinations, consolidated financial statements, multinational accounting, and partnerships.
Prerequisites: (AC 430 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 430 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 490. Advanced Topics in Accounting. 3 Hours.
Contemporary professional accounting issues. Preq: Permission of instructor.
Prerequisites: (GPAT and GPAO 2.00) or (GPAU 2.00 and GPAO 2.00)
AC 495. Accounting Capstone. 3 Hours.
Course brings together in one setting the learned skills and knowledge needed in a professional career in accounting. Permission of the Accounting and Finance Department Chair required.
Prerequisites: (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and AC 310 [Min Grade: C] and AC 401 [Min Grade: C] and AC 402 [Min Grade: C] and AC 413 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 300 [Min Grade: C] and AC 304 [Min Grade: C] and AC 310 [Min Grade: C] and AC 401 [Min Grade: C] and AC 402 [Min Grade: C] and AC 413 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
AC 499. Directed Readings. 1-3 Hour.
Readings and independent study in selected areas.
Prerequisites: (GPAT and GPAO 2.00) or (GPAU 2.00 and GPAO 2.00)
FN-Finance Courses
FN 101. Personal Finance. 3 Hours.
Selected aspects of finance encountered by an individual during his or her lifetime. Lower-level elective credit only. Not applicable to the finance major. Open to all UAB studnets.
FN 310. Fundamentals of Financial Management. 3 Hours.
Introduction to the basic principles of financial management emphasizing quantitative and qualitative analysis of time value of money, stock and bond valuation, and capital budgeting; risk/return analysis, cost of capital, capital structure and cash flow analysis. Quantitative Literacy is a significant component of this course (QEP).
Prerequisites: (AC 201 [Min Grade: C] and (IS 103 [Min Grade: C] or MG 103 [Min Grade: C] or CS 101 [Min Grade: C]) and (EC 211 [Min Grade: C] or EC 201 [Min Grade: C]) and LS 246 [Min Grade: C] and QM 215 [Min Grade: C] and (EC 210 [Min Grade: C] or EC 202 [Min Grade: C]) and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and (EC 211 [Min Grade: C] or EC 201 [Min Grade: C]) and (EC 210 [Min Grade: C] or EC 202 [Min Grade: C]) and (IS 103 [Min Grade: C] or MG 103 [Min Grade: C] or CS 101 [Min Grade: C]) and LS 246 [Min Grade: C] and QM 215 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 311. Short-Term Financial Management. 3 Hours.
Multidisciplinary approach to analysis of financial statements and working capital management. Financial planning, corporate liquidity, and short-term financial policy issues.
Prerequisites: (AC 201 [Min Grade: C] and EC 210 [Min Grade: C] and EC 211 [Min Grade: C] and (IS 103 [Min Grade: C] or CS 101 [Min Grade: C]) and LS 246 [Min Grade: C] and QM 215 [Min Grade: C] and GPAT and GPAO 2.00) or (AC 201 [Min Grade: C] and EC 210 [Min Grade: C] and EC 211 [Min Grade: C] and (IS 103 [Min Grade: C] or CS 101 [Min Grade: C]) and LS 246 [Min Grade: C] and QM 215 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 320. Financial Research Methods. 3 Hours.
Introduction to commercial and publicly available financial research databases and the basics of data analysis.
Prerequisites: (IS 303 [Min Grade: C] and EC 301 [Min Grade: C] and FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (IS 303 [Min Grade: C] and EC 301 [Min Grade: C] and FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 350. Equity Portfolio Management. 3 Hours.
Investment theory with emphasis on risk-return tradeoff; equity investment instruments and environment, sources and interpretation of investment information, portfolio theory, market indices, options and futures, and international investing.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 351. Bond Portfolio Management. 3 Hours.
Fixed income markets and instruments, including valuation and portfolio strategies. Derivatives of fixed income securities.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 360. Fundamentals of Healthcare Financial Management. 3 Hours.
Basic principles of healthcare financial managment emphasizing time value of money, stock and bond valuation, and capital budgeting; risk/return analysis, cost of capital, capital structure, and cash flow analysis in the context of Healthcare organizations. Quantitative Literacy is a significant component of this course (QEP).
Prerequisites: AC 201 [Min Grade: C] and EC 210 [Min Grade: C] and EC 211 [Min Grade: C] and IS 103 [Min Grade: C] and LS 246 [Min Grade: C] and QM 215 [Min Grade: C]
FN 370. Principles of Real Estate. 3 Hours.
Upper division course designed to provide the student with a solid foundation for making real estate decisions. Course involves computer-based assignments.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 410. Advanced Financial Management. 3 Hours.
Analysis of long-term corporate financial management; detailed stock and bond valuation, cost of capital, capital budgeting, cash-flow analysis, capital structure, and dividend policy.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 411. Case Studies in Financial Management. 3 Hours.
Case method approach to study of applied and special topics in financial management; spreadsheet applications used in analysis of initial public offerings, imbedded options, leases, mergers, bankruptcy, and pension plan management.
Prerequisites: (FN 410 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 410 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 412. International Financial Management. 3 Hours.
Financial analysis and decision making in international context. All traditional areas of corporate finance explored.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 420. Financial Sales & Trading. 3 Hours.
This course introduces interactive trading in financial instruments. Students learn the principles of asset price discovery through real-time trading in a variety of markets, including equities, bonds, options and derivatives. Topics addressed include asset valuation, portfolio management, and risk management in the context of real-time trading of financial instruments.
Prerequisites: (FN 310 [Min Grade: C] and FN 350 [Min Grade: C] and FN 351 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and FN 350 [Min Grade: C] and FN 351 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 452. Management of Financial Intermediaries. 3 Hours.
Roles, activities, and functions of financial institutions and their interrelationships.
Prerequisites: (FN 310 [Min Grade: C] and EC 301 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and EC 301 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 453. Financial Risk Management. 3 Hours.
Domestic and international risk management issues. Tools to measure and manage interest rate; exchange rate and commodity price risks.
Prerequisites: (FN 350 [Min Grade: C] and FN 410 [Min Grade: C] and FN 412 [Min Grade: C] or IB 412 [Min Grade: C] and GPAT and GPAU 2.00) or (FN 350 [Min Grade: C] and FN 410 [Min Grade: C] and FN 412 [Min Grade: C] or IB 412 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 460. Finance Internship. 3 Hours.
A work experience to enable students to better integrate academic knowledge with practical applications and to enhance students' educational experiences by making subsequent study more meaningful. Permission of the instructor required.
Prerequisites: (FN 310 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 470. Real Estate Finance. 3 Hours.
A study of the instruments, techniques and institutions of real estate finance and the use of financial analysis in real estate decisions.
Prerequisites: (FN 370 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 370 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 475. Real Estate Investment Analysis and Valuation. 3 Hours.
A study of investment analysis for real estate decisions, including taxation, risk, financial leverage, land use and market analysis will be covered in depth.
Prerequisites: (FN 310 [Min Grade: C] and FN 370 [Min Grade: C] and GPAT and GPAO 2.00) or (FN 310 [Min Grade: C] and FN 370 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 490. Advanced Topics in Finance. 3 Hours.
Issues and problems in selected areas of finance.
Prerequisites: (GPAT and GPAO 2.00) or (GPAU 2.00 and GPAO 2.00)
FN 495. Investments and Institutions Capstone. 3 Hours.
This course consists of selected case studies to be presented in class by student teams. The objective is to encourage the students to develop the abiluty to identify problems, apply the tools of finace, evaluate alternatives and arrive at vialbe solutions to the problems in each case.
Prerequisites: (FN 310 [Min Grade: C] and FN 320 [Min Grade: C] and FN 350 [Min Grade: C] and FN 351 [Min Grade: C] and AC 320 [Min Grade: C] and FN 412 [Min Grade: C] or IB 412 [Min Grade: C] and EC 420 [Min Grade: C] or QM 420 [Min Grade: C] and GPAT and GPAU 2.00) or (FN 310 [Min Grade: C] and FN 320 [Min Grade: C] and FN 350 [Min Grade: C] and FN 351 [Min Grade: C] and AC 320 [Min Grade: C] and FN 412 [Min Grade: C] or IB 412 [Min Grade: C] and EC 420 [Min Grade: C] or QM 420 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 496. Financial Management Capstone. 3 Hours.
This course requires students to integrate, extend, analyze, and apply knowledge gained in the financial management curriculum to demonstrate mastery of the financial management discipline. Concepts from working capital management, capital budgeting, capital structure, dividend policy, and financial risk management, among other special topics, will be considered. The course is conducted in a seminar format through case analysis and a major research project.
Prerequisites: (FN 310 [Min Grade: C] and FN 412 [Min Grade: C] or IB 412 [Min Grade: C] and GPAT and GPAO 2.00) and (FN 310 [Min Grade: C] and FN 412 [Min Grade: C] or IB 412 [Min Grade: C] and GPAU 2.00 and GPAO 2.00)
FN 499. Directed Readings in Finance. 1-3 Hour.
Supervised study of specific areas of finance.
Prerequisites: (GPAT and GPAO 2.00) or (GPAU 2.00 and GPAO 2.00)
Faculty
| Burns, Richard M., Professor of Finance, 1987, B.S. (Alabama), M.B.A. (UAB), Ph.D. (Georgia) |
| Cowart, Larry, Assistant Professor of Finance, 2007, B.S. (Athens), M.B.A. (Samford), Ph.D. (Georgia) |
| Drnevich, Dawn, Assistant Professor of Accounting, 2010, Ph.D. (Texas Tech) |
| Edmonds, Thomas P., Alumni and Friends Professor of Accounting, 1986, B.B.A. (Georgia State), M.B.A. (St. Mary’s), Ph.D. (Georgia State) |
| Fu, Richard, Assistant Professor of Finance, 2006, Ph.D. (Georgia Institute of Technology) |
| Im, Mary, Assistant Professor of Accounting, 2011, Ph.D. pending University of Georgia (Athens, Georgia) |
| Klock, David R., Professor of Finance, Dean, School of Business, 2008; B.S. (Northeastern), M.S., Ph.D. (Illinois) |
| Messina, Frank M., Professor of Accounting, 1993, B.S. (Livingston), M.Acc., Ph.D. (Mississippi State), C.P.A. |
| Prather-Kinsey, Jenice, Professor of Accounting; Chair, Department of Accounting and Finance, 2001, B.S. (Lindenwood), M.S. (Illinois), PhD. (Alabama), C.P.A. |
| Racca, Joshua, Assistant Professor of Accounting, 2011, Ph.D. pending University of North Texas (Denton, Texas) |
| Rauterkus, Andreas, Assistant Professor of Finance, 2007, Diploma (J. W. Goethe University, Germany), M.B.A. (East Carolina), Ph.D. (Cincinnati) |
| Rauterkus, Stephanie, Assistant Professor of Finance, 2007, B.S., M.A., M.B.A. (Cincinnati), Ph.D. (LSU) |
| Smith, Angel, Instructor of Accounting, 2008, B.S., MAc. (UAB) |
| Walker, Joe, Associate Professor of Finance, 1987, B.A., B.S. (Baylor), Ph.D. (Texas A&M) |
| Worrell, James L., Assistant Professor of Accounting, 2008, B.S., M.Ac., Ph.D. (Florida State) |
| Yoder, Stephen A., Assistant Professor of Legal Studies; Director, School of Business Honors Program, 2008, A.B. (Duke), J.D. (Northwestern University School of Law) |