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Accounting and Finance

Courses

Scroll down to read descriptions of the accounting and finance courses offered at Carthage, or click on these links for additional resources:

 

Accounting Courses


  • ACC 2010

    Financial Accounting

    4cr
    An analysis of accounting, the language of business. Introduction to basic accounting theory, concepts, and practices emphasizing income measurement; study of the accounting cycle; and preparation of basic financial statements.
    Fall/Spring

  • ACC 2020

    Managerial Accounting

    4cr
    This course focuses on the use of accounting as an analytic business tool within a business organization. This includes understanding cost behavior and using this knowledge to make important management decisions. It includes developing the costs of providing products and/or services to the organization's customers and developing budgets or plans for the organization's operations. Finally, it includes measuring performance against those plans for purposes of taking corrective action and rewarding performance. Emphasis will be placed on current innovations in managerial accounting resulting from changes in the global manufacturing environment. Analytical skills and written and oral communication skills will be emphasized, partly through the medium of case studies that model real-world situations.
    Prerequisite: ACC 2010
    Fall/Spring

  • ACC 3010

    Intermediate Accounting I

    4cr
    A comprehensive, in-depth, analytical, and interpretive study of alternative accounting procedures for communicating financial and economic information, supported by critical evaluations of current issues and reporting practices. Students conduct a separate analysis of each of the major items appearing in corporate financial statements, with emphasis on theory and the logic involved in selecting one accounting or financial reporting approach over another.
    Prerequisite: ACC 2010
    Fall/Spring

  • ACC 3020

    Intermediate Accounting II

    4cr
    A comprehensive, in-depth, analytical, and interpretive study of alternative accounting procedures for communicating financial and economic information, supported by critical evaluations of current issues and reporting practices. Students conduct a separate analysis of each of the major items appearing in corporate financial statements, with an emphasis on theory and the logic involved in selecting one accounting or financial reporting approach over another.
    Prerequisite: ACC 3010 with a C or higher
    Fall/Spring

  • ACC 3060

    Individual Taxation

    4cr
    A study of federal income taxation of individuals focused on tax theory and policy, laws, and related authoritative sources. Practical applications of tax laws are stressed through computerized preparation of frequently encountered forms and schedules and use of research materials applied to tax-planning scenarios.
    Prerequisite: ACC 2010
    Fall/Spring

  • ACC 3090

    Business Taxation

    4cr
    A study of federal income taxation of business entities focused on tax theory and policy, laws, and related authoritative sources. Practical applications of tax laws are stressed through preparation of frequently encountered forms and use of research materials applied to tax-planning scenarios. Taxation of gifts, estates, and trusts is also covered.
    Prerequisite: ACC 3060
    Spring

  • ACC 3250

    Accounting Information Systems

    4cr
    The course will provide an in-depth study of the role of computer-based accounting systems to create meaningful information for economic decisions. Emphasis is upon analyzing and designing accounting information systems, using accounting system applications to analyze information, and evaluation of internal control activities.
    Prerequisite: ACC 3010
    J-Term

  • ACC 3610

    Law for Accountants

    2cr
    An overview of legal concepts valuable to accountants, including the Uniform Commercial Code; agency relationships; property and bailments; wills, trust, and estates; sales and lease of goods; title, risk and insurable loss; secured transactions; bankruptcy; negotiable instruments; transfer of liability; electronic funds transfers; liability of accountants; and accounting ethics.
    Prerequisite: MGT 3600

  • ACC 4010

    Advanced Accounting

    4cr
    Theoretical analysis and problem-solving approach to current issues in accounting theory and practice; accounting for mergers, acquisitions, reorganizations, bankruptcy and liquidations, consolidations, and parent company and subsidiary relationships; preparation of consolidated accounting statements; and use of accounting procedures to prepare accounting reports for management, investors, and governmental agencies.
    Prerequisite: ACC 3020

  • ACC 4020

    Auditing

    4cr
    Principles, standards, and procedures involved in the independent examination and analysis of financial statements prepared for management and the general public. Concepts of ethical and social responsibilities are explored. Special emphasis is given to the proper reporting and communication of financial and economic information to the general public and to various governmental agencies.
    Prerequisite: ACC 3020
    Fall

  • ACC 4040

    Advanced Cost and Managerial Accounting

    2cr
    This course covers managerial accounting and cost management practices that can be strategically applied across a business to improve organizational performance. The course emphasizes the methods available to measure and evaluate costs for decision-making and performance evaluation purposes. Specific topis include: variable and absorption costing; activity-based cost management; lean manufacturing and lean accounting; product life cycle costing and cost of ownership; inventory management; productivity measurement; the balanced scorecard.
    Prerequisite: ACC 2020

 

Finance Courses


  • FIN 2100

    Microsoft Excel for Basic Business Applications

    2cr
    This course is for students from all majors who wish to attain proficiency in using MIcrosoft Excel for basic business applications. Students will learn the basic functionalities of Excel, including working with workbooks, worksheets, organizing and analyzing data, creating tables and charts to transform data into meaningful and useful information, and building models to solve practical problems. Integrated into the learning of Excel will be the review of foundational mathematical and statistical concepts. An additional fee is required for the Microsoft Office Specialist (MOS) Excel certification exam.
    Fall/Spring

  • FIN 3110

    Intermediate Financial Modeling with MS Excel

    4cr
    This course focuses on creating financial models using Microsoft Excel to help solve common business problems. It covers the entire problem-solving process - problem identification, identifying data needs, model design, model construction, and model implementation. The model building process will address issues related to user interface, built-in error checking mechanisms, computational efficiency and effective reporting both on-screen and in print. Models which students will learn how to build will include loan amortization, discounted cash flow valuation, capital expenditure budgeting, entegrated financial statements, portfolio optimization, and Monte Carlo simulation models.
    Prerequisites: FIN 2100 or ACC 3250
    Spring

  • FIN 3200

    Money and Banking (SOC)

    4cr
    A survey of the financial sector of the economy covering the role and functions of money and other financial instruments, commercial banks and financial intermediaries, the purposes of central banking and the structure and operations of the Federal Reserve, and the relationship between the monetary and credit system and the level of economic activity.
    Prerequisite: ECN 1020 or ECN 1030
    Spring

  • FIN 3210

    Corporate Finance

    4cr
    This course introduces students to the framework and methodology employed in financial decision-making with a focus on three areas. First is an introduction to the financial markets and both investment and financing instruments available to corporations, nonprofits, and individuals. Second is the analysis of financial statements and learning how that information is used to make decisions about the target capital structure for a firm and the dividend policy that would support that capital structure. In the third area, students will learn how to evaluate business projects (capital budgeting) using financial criteria and different financing choices (capital structure) for these projects.
    Prerequisites: ACC 2010 and either BUS/ECN 2340, MGT 3100, MTH 1050, or MTH 3050
    Fall/Spring

  • FIN 3290

    International Finance

    4cr
    This course examines the monetary side of international economics and globalization, including the current and historical structure of international financial institutions. Topics include exchange rate theories, monetary regimes, interest rates, asset pricing, risk diversification, the balance of payments, currency crises, and open-economy aspects of fiscal and monetary policies. Emphasis is given to the use of theories in understanding current events and policy issues.
    Prerequisites: ECN 1010 and 1020, or ECN 1030
    Fall/Spring

  • FIN 3500

    Fixed Income Analysis

    4 cr.
    This course covers the major types of fixed income securies that are available in today's financial markets. Students will learn the distinguishing features of each type of fixed income security, how they are issued, traded, and valued in the markets. Students will learn how to identify and quantify vaious kinds of risk (e.g. interest rate risk and credit risk) that are associated with owning fixed income securities. Students will learn how asset-backed securities (ABSs) are created through a process called securitization and how they are traded. The course will cover ABSs that are backed by assets such as home mortgages, car loans and credit card loans. Students will also learn modern valuation techniques for fixed income securities, and how to manage a portfolio of fixed income securities, and how to manage a portfolio of fixed income securities.
    Prerequisite: FIN 3210
    Spring

  • FIN 3620

    Real Estate Analysis

    4cr
    Nearly everyone will own real estate in their lifetime. Whether you wish to learn how to buy and value a house or duplex, develop a commercial property, or be able to develop a commercial lending real estate proposal, this course will help by examining real estate found in the surrounding community through multiple lenses.

  • FIN 3800

    Trading the Financial Markets: Beyond the Theories and Myths

    4cr
    This course will introduce the students to the world of trading in the equity markets and their related equity options markets, as well as trading in the futures markets. The focus will be on markets that are available on the U.S. exchanges and through brokerages. Students will learn how to use the tools of technical and fundamental analysis. Students will gain proficiency in using a commercially available trading/investment platform with live data feeds, both for market analysis and simulation trade execution. Students will learn risk management techniques and how to develop a sound trade plan.

  • FIN 4050

    Security Analysis and Portfolio Management

    4cr
    In this course students employ modern portfolio theory to analyze securities using technical and fundamental analyses, for individual equity securities, and in the context of a diversified portfolio. Students will gain hands-on experience managing multimillion-dollar portfolios using live data feeds, and constructing interactive portfolio allocation models using Microsoft Excel.
    Prerequisite: FIN 3210

 

  • Quick Facts

    • Carthage is named a Best Midwestern College by The Princeton Review (2021), a designation given to only 25 percent of four-year schools.

    • The Tower, Carthage’s newest residence hall, provides some of the best views on campus — if not in the Midwest! In addition to #carthageviews of the lake from seven stories up, residents enjoy suite-style living and two floors of shared campus spaces for gaming, cooking, group meetings, or quiet studying. Learn more about all housing options.

    • You’re going to need brain fuel. Grab a morning coffee and a snack and Starbucks or Einstein Bros. Bagels. Later, meet friends at “The Caf,” where the specials change daily but the staples are constant, or swing through “The Stu” for wings, a burrito, or a sub. A new option, Carthage Cash, even covers some off-campus meals.

    • More than 90% of Carthage alumni report that they have secured a job or are continuing their studies six months after graduation. Visit The Aspire Center.

    • 91% of employers say critical thinking, communication, and problem-solving skills matter more than your major when it comes to career success. Learn more about how the liberal arts prepare you for a successful career.

    • Lots of schools wear the four-year label. Carthage stands behind it. More than 90% of Carthage graduates earn their degrees in four years. Learn more

    • Oscars. Emmys. Tonys. Golden Globes. The playwrights we’ve brought in have them. Each year, the Carthage Theatre Department commissions an original script by a renowned playwright for its New Play Initiative. Carthage students then work with the writer to stage it. 

    • Carthage’s Velocity Consulting was the first 100% student-run full-service consulting agency in the country. Students gain incredible experience while providing marketing, branding, accounting, finance, and other support to regional clients. Other schools have since copied the Velocity model, including Harvard University.

    • Taking you past just studying the theories of business, Carthage’s READY™ Curriculum Design, a proprietary student-centered philosophy, helps develop the best-prepared business students.

    • Located in the heart of the Chicago-Milwaukee business corridor, you will have plenty of options for internships and jobs.

    • Carthage accounting, finance, management, and marketing professors regularly lead J-Term study tours to such destinations as Sweden, England, Ireland, and China, where students meet with executives and learn first-hand how global businesses operate.

    • Carthage has ranked as a top Fulbright producer for four of the past five years. Read about Carthage Fulbright winners.

    • Things look new at Carthage because they are. Our science center, student union, athletic and recreation center, and numerous residence halls have all been constructed or newly renovated in the last 15 years.

    • Carthage offers majors, minors, and concentrations in more than 50 areas of study, from marketing to neuroscience, nursing to music theatre.

    • Our Summer Undergraduate Research Experience offers select students a research budget, one-on-one mentoring with a professor, and 10 weeks of analyzing, deciphering — and getting paid.

    • So the lake is kind of a focal point, but there’s a lot more to love about our campus — like the fact that our more than 80-acre campus is also an arboretum and wildlife sanctuary. Focused on keeping campus lush forever, we plant between 50 and 75 new trees every year from a variety of species.

    • Carthage was founded in 1847. That’s more than 170 years of leaders, makers, and go-getters going out and going forth. Read more about Carthage’s rich history.

    • More than 90 percent of students receive financial aid. Carthage awards more than $20 million in scholarship and grant assistance. That includes $5.5 million in competitive scholarships in business, mathematics, science, languages, the fine arts, leadership, and overall academic strength. Learn what’s available.

    • Abraham Lincoln was an early Trustee of the College, and U.S. Secretary of State John Hay was a Carthage alum. The two still have a proud place on our campus. Spend some time with them in our Sesquicentennial Plaza. On warm days you’ll find professors leading their classes here.

    • Come to Carthage; hear yourself think — think … think …
      Legend has it that Sesquicentennial Plaza holds a perfect echo. Just stand with both your feet on the “1847,” face Straz, and start talking. “You’re the only one who can hear you, but you’ll be crystal clear,” promises English and theatre alumna Mikaley Osley.

    • Our Great Lake provides Carthage students with some amazing views. Think classes on the beach, lake views from the lab, and sunrises from your dorm room. “I love waking up in the morning with the sun shining off the lake. Nothing compares to the view in the morning,” recalls biology and neuroscience major Ann O’Leary.

    • Carthage awards up to 35 Presidential Scholarships each year, which range from $25,000 up to full tuition. Learn more.

    • For a full decade, NASA has selected Carthage students to conduct research aboard its zero-gravity aircraft. Lately, the stakes have risen. A team of underclassmen is grinding to prepare a tiny but powerful Earth-imaging satellite for launch to the International Space Station. Learn more about the space sciences at Carthage

    • Carthage is the only college or university in the Midwest where every freshman takes a full-year sequence of foundational texts of the Western intellectual tradition. Learn about Intellectual Foundations.

    • With a student-faculty ratio of 13:1, your professors will know who you are. They will also know who you want to be — and how to get you there. Meet our faculty.

    • There are more than 130 student organizations on campus, from Amnesty International to Fencing to Frisbee, Chem Club to Stand Up Comedy. See how easy it is to get involved.

    • True story: There are more than 27 art galleries, a dozen museums, and nine theatres within 25 miles of Carthage. Some highlights: The nationally recognized Racine Art Museum, the world-renowned Art Institute of Chicago, and the Milwaukee Art Museum. Learn more about our location.

    • What’s better than one professor? Two professors. What’s better than two professors? Two professors from totally different fields teaching a single class. There’s debate. Discussion. Differing perspectives. This is where the magic happens. That’s why every student takes a Carthage Symposium.

    • You can’t hide here — not with only 17 other students in the classroom with you. That’s going to be rough some mornings. But later, when you’re able to argue your point of view thoughtfully, express your opinions succinctly, and meet challenges head-on, without fear … Yep, you’ll thank us.

    • Carthage is ranked in the Top 5 in the country for student participation in short-term study abroad. Every J-Term, hundreds of students travel all over the world on faculty-led study tours. Imagine a month in Sweden, Rome, Cuba, Senegal, India, Japan …

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