Master of Science in Accountancy

Elective Courses

elective Courses

Accountancy

Accounting for Mergers and Acquisitions, ACCT 70141

3 credits, Accountancy Elective

The course provides coverage of various advanced topics in accounting and financial reporting for combined entities including mergers, acquisitions, noncontrolling interests, control premiums, intra-entity transfers, and international subsidiaries. The course will help students to become familiar with the financial procedures and information flows that accompany mergers and acquisitions. Approximately 1/3 of the course will be devoted to tax strategies and implications of alternative structures for business combinations. The course is designed to help students develop their research, communication, and critical thinking skills within the context of financial reporting and taxation for mergers and acquisitions.

Sustainability: Accounting  and reporting, ACCT 70161

2 credits, Accountancy Elective

The scope of sustainability includes the environment, labor, community and product. This course examines a wide range of issues in these areas including current practices of sustainability evaluation and reporting. The greatest focus will be on the environment. Topics in this area include regulations, voluntary disclosures in corporate annual reports or free-standing reports, accounting for emissions trading schemes and end-of-life product disposal and the role of attestation services.

Accounting Fraud Examination, ACCT 70571

3 credits, Accountancy Elective

The course will focus heavily on frauds committed against the organization (occupational fraud) and frauds committed on behalf of the organization (financial statement fraud). Major recent financial statement frauds (e.g., Enron, Worldcom, Tyco) will be analyzed, corporate governance issues will be addressed, computerized data mining approaches will be investigated, and the nature and scope of accounting litigation support services will be studied.

Advanced Assurance Services, ACCT 70511

3 credits, Accountancy Elective/Required for Financial Reporting and Assurances Services Track

This course exposes students to the demand for, and the supply of, independent professional services that improve the quality of information for decision makers. Topics include markets, measurement, value, risk, communication and information search for assurance service engagements in electronic commerce, systems reliability, entity performance and health care, among others.

Analysis and Valuation Using Financial Statements, ACCT 70311

3 credits, Accountancy Elective/Required for Financial Reporting and Assurances Services Track

This course deals with the analysis of financial information (particularly firms' financial reports) and the use of this information in making decisions regarding investing in these firms. The primary focus will be on equity (stock) valuation, with some attention given to credit analysis and the valuation of debt. Methods to determine stock value using fundamental analysis will be examined in detail and applied in projects involving listed companies. Topics include a comparison of accounting and discounted cash flow approaches to valuation, methods of financial statement analysis, dealing with accounting issues, forecasting firms' futures, determining firms' price/earnings and market-to-book ratios, and the analysis of risk.

Business Law: Property & Negotiable Instruments, ACCT 70711

3 credits, Graduate Elective

Following a brief synthesis of the American legal system, Business Law Property and Negotiable Instruments reviews product liability and contract law, and then provides an in-depth study of commercial law, including the Uniform Commercial Code's Articles on Sales, Negotiable Instruments, Checks and Electronic Fund Transfers, Secured Transactions and Creditors Rights. Additional topics covered include bankruptcy law, real estate law, and business organizations, including the sole proprietorship, partnership, LLC, and corporation. The course also includes an emphasis on Critical Thinking in the Law. 

Ethics in Accounting, ACCT 70751

3 credits, Accountancy Elective

The course is designed to raise students' level of awareness and ability to recognize ethical issues facing the accounting profession and accounting professionals. Course learning objectives include understanding key concepts, and improving students' skills of moral reasoning and ethical decision making.

Income Taxation International Individual, ACCT 70691

3 credits, Tax Elective, Graduate Elective

United States tax laws that apply to international individuals provide these taxpayers with advantages and disadvantages when compared to the typical U.S. citizen. This course will examine the advantages (e.g., treatment of exemptions, loss of deductions and/or credits) in the context of tax compliance, tax planning, and tax strategies for an international individual. Students enrolled in this course will participate in the Tax Assistance Program counseling for taxpayers, aiding them in the tax compliance process, or they will become involved in some other type of supervised field project involving foreign taxpayers.

Partnerships and Passive Activities, ACCT 70631

3 credits, Accountancy Elective, Required for Tax Services Track 

Partnerships are the entity of choice in a variety of ventures. However, there are business situations in which the partnership form is the mandated choice. Using a "womb to tomb" approach, this course covers the life of a partnership from creation to termination. Its specific emphasis is on the federal income tax implications of a variety of activities (e.g., partnership operations, distributions and liquidations). In addition, segments of the course focus on foreign partners/partnerships, passive activities and tax shelters.

ACADEMIC Research in Accounting, ACCT 70831

2 credits, Accountancy Elective

Academic Research in Accounting introduces students to research method, illustrates a protocol to interpret research, and uses the protocol to probe in detail an issue important to accounting regulators. Following completion of the course, students will understand the role of science in accounting and how to interpret accounting research.

Special Topics in Tax I: Personal Financial Planning, ACCT 70651

1 credit, Tax Elective

Personal Financial Planning is an intensive course consisting of a series of modules covering estate and gift planning, risk management, retirement planning, income tax planning, and investment planning. The objectives of this course are to enable the student to provide basic income tax and investment planning services, provide estate and gift planning services, recognize opportunities for practice development, evaluate insurance proposals in terms of their economic and tax implications, and analyze the economic and tax benefits of Social Security and of various retirement plans.

Special Topics in Tax II: Accounting Periods & Methods, ACCT 70661

1 credit, Tax Elective

As business transactions grow more complex and the pressure to collect tax revenue increases, the IRA is placing an intense focus on accelerating the recognition of taxable income and deferring the recognition of tax deductions. This course will review the historical development of tax accounting principles and how they are evolving in light of the complex business environment. Specific topics include the cash and accrual methods of tax accounting, tax rules governing the time value of money, and the taxation of inventories.

Special Topics in Tax III: Selected Tax Topics, ACCT 70671

1 credit, Tax Elective 

This course is intended to provide the student with an introduction into the tax rules applicable to selected tax topics in the areas of international taxation and tax practice and procedure. International tax topics covered will include the corporate foreign tax credit, the taxation of controlled foreign corporations, and the taxation of foreign branches of U. S. corporations. Tax practice and procedure topics covered will include the Internal Revenue Service examination process, the rules regarding the Internal Revenue Service statute of limitations, the applicability and calculation of various Internal Revenue Service penalties, and the calculation of Internal Revenue Service refund and deficiency interest.

Special Topics in Taxation IV – SALT, ACCT 70681

1 credit, Tax Elective 

This specialized taxation course focuses on various issues of state and local taxation. Topics covered include multi-state nexus issues, apportionment and allocation, and consolidated and unitary issues. Next, an overview of sales tax is provided with further focus on multi-state sales tax.

Tax Research, ACCT 70611

3 credits, Accountancy Elective/Required for Tax Services Track 

The overriding purpose of tax research is to find solutions to the tax problems of one's clients or employer. The researcher must find authority, evaluate the usefulness of that authority and apply the results of the research to a specific situation. This course will provide the student with a working knowledge of the successful tax practitioner's methodology applied to the solution of both routine and complex tax problems. The student will be able to determine and communicate ethically defensible solutions for most tax problems through independent research with minimal supervision. Topic areas to be covered include the tax research environment, primary sources of federal tax law, using secondary sources as research tools, and implementing the research tools.

Taxation of Corporations and Shareholders, ACCT 70621

3 credits, Accountancy Elective/Required for Tax Services Track 

For both tax and nontax reasons, the use of the corporate form of operating a business is growing in popularity in the United States. This course provides an in-depth study of federal income tax laws as they are applied to corporations and shareholders. Topics to be examined include definition of a corporation for tax purposes; the problems of forming a corporation, including the design of the corporation's capital structure; computation of the corporate tax liability for individual corporations and controlled groups of corporations; taxation of S corporations; penalty surtaxes (i.e., the personal holding company tax and the accumulated earnings tax) applicable to corporations; payment of non-liquidating distributions to the corporation's shareholders; tax consequences of liquidating the corporate entity and corporate reorganizations. Students will be required to complete both a Form 1120 and 1120S and, working in groups, write up solutions to tax research assignments and case studies.

Topics in Accounting Measurement & Disclosure, ACCT 70131

3 credits, Accountancy Elective/Required for Financial Reporting and Assurances Services Track 

This is an advanced financial reporting course with three primary objectives. The first objective is to provide students with a deeper understanding of financial accounting theory and the role of financial reporting in society. The second objective is to improve students' abilities to identify financial reporting issues, research the authoritative literature, and develop and present reasoned arguments supporting their recommended accounting treatment. The third objective of the course is to develop technical competence in current accounting issues generally not addressed at the undergraduate level (e.g. derivatives, securitization, special purpose entities, and the fair value option). We will work through all three objectives using both US standards (US GAAP) and International standards (IFRS).

Direct Readings - Accounting and reporting for governmental Entities, Nongovernmental and not-for-profit org, ACCT 76791

3 credits, Graduate Elective 

Governmental entitires, nongovernmental organizations (NGOs) and not-for-profit (NFP) organizations encounter many special challenges. This course will focus on the unique accounting and reporting aspects faced by these organizations and enable participants to: understand the role budgets play in governmental entities, NGOS and NFP organizations; prepare and implement flexible budget; create a cash budget and understand its managerial use; explain the components and meaning of a balance sheet, activity statement, cash flow statement and statement of functional expenses; work with basic terminology and techniques of fund accounting; identify and report the federal income tax consequences of specific NFP activities.

Financial Instruments & Fair Value Reporting, ACCT 70151

2 credits, Graduate Elective 

The objective of this course is for students to read, understand, and critically evaluate financial statement information related to financial instruments and other items measured at fair value. ACCT 70150 builds on ACCT 60120 by addressing additional topics related to passive stock investments, securitizations, derivatives, stock compensation, and asset impairments. Journal entries, financial statement presentation, and financial statement footnote disclosures are examined. In addition, the rationale underlying the reporting requirements and management incentives for manipulating those requirements are explored. The text is supplemented with articles in the popular or financial press and actual financial statements.

back to top

Finance and Systems

Investment Principles, FIN 70691

2 credits, Finance and Systems Elective

This course is an introduction to investments and is intended to develop critical thinking and problem solving skills within the context of investments. The course covers portfolio theory, asset pricing, bonds, stocks, market efficiency, and basic derivatives. The course is meant to introduce one-year MBAs to investments and to prepare them for other second year investments courses such as Fixed Income, Equity Valuation, Trading and Markets, Options, Futures, and AIM.

Credit and Liquidity Crisis of 2008: Lessons Learned, FIN 70851

2 credits, Finance and Systems Elective

This course will take a close look at the myriad factors that contributed to the collapse of the financial markets in September, 2008 and how various leaders reacted in an attempt to save the global economy and prevent another Great Depression. We will study and critique the key players (Paulson, Bernanke, Cox, Dimon, Fuld, Mack, Blankfein) and entities (Bear Stearns, Lehman, AIG, Morgan Stanley, Goldman Sachs, major U.S. commercial banks, the U.S. Treasury, the Federal Reserve, the SEC, the ratings agencies) involved in the melt-down of the financial markets. This course will focus on who acted ethically and who behaved unethically before and during the crisis. What behaviors contributed to this calamity and how best to "regulate" (legislatively and morally) the financial services industry in the future in order to minimize the possibility of repeating this catastrophe will also be a key topic of this course.

Real Estate Development Process, FIN 60721

 2 credits, Finance and Systems Electives

This is a first course in real estate development, designed to expose students to the practice of development from project inception to completion and subsequent real estate asset management. Course objectives include: 1) developing familiarity with institutional features of the real estate industry (legal and regulatory processes, real estate markets, financial markets, etc.); 2) exploring the practical problems of real estate development; and 3) exposing students to professionals from the development industry. The course will be taught jointly by Notre Dame faculty and real estate practitioners.

Behavioral Finance, FIN 70991

2 credits, Finance and Systems Elective

Behavioral finance is considered by many to be one of the most important emerging topics in finance. The purpose of this course is to provide an understanding of the behavioral biases that individuals exhibit and the effects of these biases on financial markets. Standard finance theory assumes that individuals such as investors or financial managers are rational expected utility maximizers. Behavioral finance argues that some financial phenomena can be better understood admitting that some investors are not fully rational and arbitrageurs have limits to how aggressively they could trade. A number of stock market anomalies will be presented and analyzed.

Applied Investment Management, FIN 70641

6 credits, Finance and Systems Elective

This course provides an opportunity for students to blend the theory of investments with the practical demands of hands-on investment management. Hands-on management of a real portfolio achieves the practical objectives. Periodically, guest speakers who are security analysts and/or portfolio managers are invited to share practical insights on the investment management process.

Bond Issue Process, FIN 70451

2 credits, Finance and Systems Elective

This course will go through the same process major corporations use in issuing debt in the public markets, either U.S., European, or global. We will work with a major investment bank in the process and the class will interact directly or via conference phone on a weekly basis with the bank to execute the debt issuance. This will include developing the financing strategy, looking at various alternatives in the market, negotiating standard documentation, and executing a swap as part of the process. Most semesters, this will be a "mock" issue, but on occasion, the class will work on a real time financing to be undertaken by the university.

Commercial Banking, FIN 70331

2 credits, Finance and Systems Elective

This course is designed to give an overview of commercial banking, particularly from the perspective of the commercial banker. After an overview of where commercial banks fit into the financial services industry and how they are regulated, we then take a look at their performance. You'll also learn about how banks fund themselves, including regulatory issues regarding the capital. We then spend significant time on a bank's leading function, looking at various types of borrowers; loan structures; collateral arrangements; the leading decision process and documentation; and how a bank monitors its loan portfolio. Then we'll look at the products and services banks market, and how they market them, including international banking and the role banks play to meet their customers' offshore needs. Finally, you'll learn about relationships management: how banks prospect for customers and how they nurture and build existing client relationships. We look at large, multinational banks, as well as regional and local banks. Several bankers will be guest speakers to cover certain topics from their day-to-day perspective. By the end of the semester, you should have gained an insight into commercial banking and the integral role banks play in the financial functioning of our economy and with their individual customers.

Corporate Restructuring Mergers and Acquisitions, FIN 70401

2 credits, Finance and Systems Elective

The objective of this course is to facilitate understanding of corporate merger and acquisition activity, restructurings, and corporate governance. This includes exploring the theory and evidence regarding these topics, the motives for these transactions, the sources of value-added, and managerial incentives to engage in or resist these activities. In this class, you will learn how to apply discounted cash flow and other techniques for valuation purposes. Case projects and valuation assignments will be used to apply financial theory and valuation techniques in real-world situations. Classroom discussion of current M&A related activities will be used to reinforce key concepts. The structure of the class is a combined lecture/class discussion format with a great deal of emphasis on active learning. We will rely heavily upon case studies of past events and news articles of current events to illustrate how financial theory can be applied in an actual business environment.

Equity Valuation, FIN 70611

2 credits, Finance and Systems Elective

This course covers the theory and practice of the valuation of securities - both stocks and bonds. The emphasis is on actual industries and companies. The equity analysis involves aggregate market analysis, industry analysis, and company analysis. The analysis of bonds involves credit analysis related to bond ratings and predicting insolvency and the analysis of interest rates.

Funding New Ventures, FIN 70521

2 credits, Finance and Systems Elective

This course examines financing the startup of a new venture. The course includes bootstrapping, and the characteristics and merits of financing with equity and debt, venture capital, and angels. Students learn how to prepare a financial plan, including projecting sales and capital expenditures, designing pro-forma income statements, balance sheets, and sources and applications of funds statements.

Financing the Corporation, FIN 70431

2 credits, Finance and Systems Elective

This course will focus primarily on how corporations raise money in various ways to meet their funding needs, both short- and long-term. The first portion will look at domestic, U.S. dollar funding mechanisms and the second portion will cover funding in foreign currencies. The course will cover private and public debt markets, the Eurobond market, and how multinationals use derivatives to manage their required international financing.

Fixed Income Securities I, FIN 70651

2 credits, Finance and Systems Elective

This course deals with an understanding of U.S. and global bond markets and traditional and evolving bond instruments, including bond structures with embedded options. Topics considered include the techniques for valuing bonds, the term structure of interest rates (e.g., asset-backed securities and mortgage-backed bonds), active and passive bond portfolio management strategies, and the benchmarks used to evaluate bond portfolio performance.

FIXED INCOME SECURITIES II, FIN 70951

2 credits, Finance and Systems Elective

This course is a continuation of Fixed Income Securities I. The objectives are to describe basic interest rate models and tools to valuing interest rate derivatives and mortgage backed securities. The course covers topics such as risk-neutral probabilities, dynamic trading strategies, interest rate modeling using calibration, hedging using models, and valuing corporate bonds using a structural model. It covers securities such as options on yields, callable bonds, swaptions, mortgage pools and pass-throughs, CMOs, caps, floors and collars. 

Futures Markets, FIN 70631

2 credits, Finance and Systems Elective

This course examines futures markets, serving as an introduction to the dynamic world of derivatives. The goal is to provide rigorous applied training that prepares students for employment with firms where derivatives are either of primary importance (e.g., investment banks, trading firms) or secondary importance (e.g., corporations having interest rate or foreign exchange rate exposure that requires hedging). Topics include fundamental pricing relations and models (e.g., the cost of carry model), trading strategies for individuals and corporations (e.g., cash and carry trades, program trading, and portfolio insurance), and risk management. Although both financial and commodity derivatives are discussed, the course emphasizes financial derivatives for which the underlying assets are stocks, bonds, or foreign exchange.

Investments, FIN 70671

2 credits, Finance and Systems Elective

This course follows the second MBA core finance course, which covers the traditional investment topics of portfolio theory, the Capital Asset Pricing Model, and market efficiency. This course builds on that background by focusing primarily on the major different types of investments such as stocks, bonds, and options. For each investment type, the course covers terminology, mechanics, pricing, uses, and risk analysis. In addition, it covers how secondary markets work to facilitate trading securities.

LAND CONSERVATION FINANCING, FIN 60711

 1 credit, Graduate Elective 

This course covers the public and private financial mechanisms available to protect environmentally sensitive land and green space generally. Topics will include such alternative public financing mechanisms as traditional tax-subsidized programs, ballot initiatives, and finance programs, and private financing mechanisms such as use of tax crediting programs to attract low cost private capital. Public/private partnerships and sophisticated new development methods such as small growth and conservation development will be discussed. The course will meet for six two-hour sessions in the evening.

Mergers and Acquisitions Practicum, FIN70411

2 credits, Finance and Systems Elective

The objective of this course is to understand various aspects of the corporate acquisition market, including sources of acquisition synergies, valuation and pricing of acquisition targets, takeover defenses, the roles of management incentives and compensation, financing methods, the roles of insider and institutional shareholders, and regulations and taxes.

Options Markets, FIN 70621

2 credits, Finance and Systems Elective

This course examines options markets, serving as an introduction to the dynamic world of derivatives. The goal is to provide rigorous applied training that prepares students for employment with firms where derivatives are either of primary importance (e.g., investment banks, trading firms) or secondary importance (e.g., corporations having interest rate or foreign exchange rate exposure that requires hedging). Topics include fundamental pricing relations and models (e.g., the Black-Scholes and binomial models), trading strategies for individuals and corporations (e.g., covered calls, protective puts, spreads, etc.), and risk management. Although both financial and commodity derivatives are discussed, the course emphasizes financial derivatives for which the underlying assets are stocks, bonds, or foreign exchange. 

Real Estate Finance & Capital Markets, FIN 70721

2 credits, Finance and Systems Elective

This course considers such topics as the contractual features and underwriting requirements of residential and commercial first mortgages; credit risk, duration and convexity characteristics of mortgages; construction debt, alternative lending markets, private equity markets and deal structures; mortgage secondary markets including the GSEs and "private-label" securitization; introduction to real estate securities structuring; portfolio theory and the cost of real estate capital.

Real Estate Fundamentals, FIN 70701

2 credits, Finance and Systems Elective

An introduction to the principles and practices of real estate. Topics to be covered shall include land use patterns and regulation, real estate finance, valuation, real estate law, brokerage and transfers, urban economics, and real estate development.  

Real Estate Valuation and Income Property Investments, FIN 70711

2 credits, Finance and Systems Elective

Techniques of real estate valuation used by appraisers and other real estate professionals with emphasis on quantitative market-based methods; the use of and relationships between market comparable, direct capitalization, and discounted cash flow valuation methods; income property analysis including the effects of financial leverage and taxes; pro forma construction, analysis, and software tools; market analysis case studies are considered.  

Systems Analysis And Design, MGTI 60639

3 credits, Finance and Systems Elective

Each day, organizations like Wal-Mart analyze hundreds of millions of transactions to increase efficiency and better serve their customers. We'll use market-leading Oracle Enterprise Database software to store and analyze large datasets just like Wal-Mart does. In addition, you'll serve as an IT consultant and build a real-world application for a client organization. In this role, you'll experience the entire system analysis process, including problem definition and analysis, design processes, testing, and implementation.

TRADING AND MARKETS, FIN 70681

2 credits, Finance and Systems Elective

This course examines the general nature of organized trading by examining how bid and offer prices are determined, how market rules evolve, and what markets should be built. While markets for products and services are discussed, the focus is on the trading of financial securities. Existing centralized equity exchanges face competition from new alternative trading systems made possible by today's information technology. This course also examines the impact and implications of this dynamic.

Working capital management, FIN 70461

2 credits, Finance and Systems Elective

This course will consist of two modules. The first module will look at Initial Public Offerings, or IPO's. Topics will include how IPO's are done in the U.S.; how they are done in other countries; the recent scandals and calls for reform; auctions, both IPO auctions and others, and whether they can be expected to work for IPOs; the Google IPO; and alternative proposals for reforming the IPO system in the U.S. The second module will look at the venture capital/private equity market. We will discuss how to negotiate funding, how to structure deals to avoid conflicts and optimize performance incentives, and how to manage private equity investments (for example, by helping the entrepreneur in non-financial matters). Case studies will cover some of the choices and problems that may arise.

Graduate

Advanced Writing for Accounting Professionals, MBCM 60771

2 credits, Graduate Elective

Designed for accounting professionals, this course covers communication strategies and writing skills specifically related to internal audit reports, management letters, proposals and other documents used by accounting professionals.

Boardroom Insights, MBGR 60220

1 credit, Graduate Elective

In this course, corporate leaders and senior executives reflect on critical issues, concerns and experiences, sharing their insights in a mix of lecture and discussion sessions designed to stimulate ideas and provide an opportunity for dialog. Topics will vary from speaker to speaker, ranging across the spectrum of business to expose students to the opportunities and challenges inherent in today's global business environment. Speakers will select ideas they feel are relevant and valuable to students' development as they prepare for a professional career.

Business Intelligence, MGT 70659

2 credits, Graduate Elective

This course will cover several techniques needed to capitalize on the unprecedented availability of information and to meet the growing demand for better and faster decision support from such information. This course material will provide an understanding of various methods used to extract knowledge from data, such as data mining, as well as with important tools to improve managerial decision-making. Cases from finance, management, marketing, and operations will be used as illustrations.

Commercialization Analytics, MGT 70519

2 credits, Graduate Elective

New venture failure estimates range from as low as 50% to as high as 95%. The reason? Inability to commercialize the product or service.

Commercialization is defined as the process or cycle of introducing a new product into the market, and it is arguably the most important component in determining a ventures success. As Peter Drucker states in his book Innovation and Entrepreneurship, "The test of an innovation, after all, lies not in novelty, its scientific content, or its cleverness. It lies in its success in the marketplace." This course will provide the framework for understanding the questions to be answered about the commercial viability of a product or service, and will employ tools to assess and make needed changes throughout the lifecycle of a venture to optimize success.

Conflict Management, MBCM 70501

2 credits, Graduate Elective

Conflict is a central feature of human behavior on interpersonal, organizational, societal, and international levels. In this course, we explore the psychology of disputes, the nature and sources of conflict, and the ways in which conflict and human emotion can disrupt or make business organizations dysfunctional. As we examine the nature of conflict, we'll explore behavioral responses and theoretical approaches to it, and offer a wide range of alternatives to working through conflict. This course is highly practical and will offer you an opportunity to apply current research findings as you interactively participate in conflict resolution.

Corporate Communication, MBCM 70451

2 credits, Graduate Elective

Few issues can affect stock prices faster than a corporate crisis or a negative story in the news media. In the course of their careers, managers will confront a series of issues related to corporate communication, including reputation management, media relations, legislative and government affairs, employee communication and crisis management. Other issues will include investor relations, corporate philanthropy, identity, image and issue advertising. You will examine the intersection of three separate yet related groups: the public, the press and private enterprise. You will also focus on communication programs intended to improve and influence public opinion and public policy on behalf of companies, industries, organizations and causes.

Entrepreneurship, MGT 70509

2 credits, Graduate Elective

The goals of this course are to give students a broad understanding of the field of entrepreneurship and an introduction to the critical tools necessary to create a successful new venture. This course is designed to simulate the "real-life" activities of entrepreneurs in the start-up stage of a new venture concept and to determine if a demand exists for their product or service. In the past, several of these concepts have gone on to become actual businesses. In addition, the course facilitates networking with entrepreneurs and other students who are considering becoming entrepreneurs.

Family Enterprise Strategy, MGT 70589

2 credits, Graduate Elective

What do Toyota, Gallo, Hallmark, and Walmart all have in common? All are family-owned or family-controlled enterprises. Family-controlled businesses are one of the most important engines of the world economy, especially in developing nations. Over 60% of the world's commerce is derived from family businesses, including over the half the jobs in the United States. While business courses generally focus on public companies because of access to data, there is now more in-depth research available demonstrating the longer-term value creation of businesses where a family retains control. This team-taught course explores the unique challenges and opportunities these businesses face in the intersecting systems of family, ownership, and management. Theories of family enterprise operation will be discussed, using the case study method. We will pay particular attention to the process of generational succession and family business continuity challenges for both ownership and leadership, including governance policies, family dynamics, and strategic planning. Reading assignments will be drawn from a text and supplemental handouts. The final project in this course will be a Continuity Plan for a family business which each student will write, incorporating materials from readings, case studies, lectures, and discussions.

Intercultural Communications, MBCM 70521

2 credits, Graduate Elective

Intercultural Communication, a two-credit graduate elective course, examines the concepts associated with culture and communication; analyzes intercultural communication case situations; and integrates conceptual understanding with "real life" intercultural experiences and observations. This course will be taught in a lecture-reading-discussion/in-class exercise format. Course ObjectivesTo cultivate an appreciation for the importance of intercultural communication in business and society;To develop an understanding of the intercultural communication process;To expand your skills in analyzing intercultural communication situations;To improve your self-awareness and communication behavior in intercultural settings;To examine the ethical issues related to intercultural communication.

International Operations, MGT 70729

2 credits, Graduate Elective

This course focuses on what it takes for a company to attain manufacturing excellence in a global economy. Common characteristics in the organization and management of world-class manufacturing companies are examined. This course emphasizes the formulation and implementation of global manufacturing strategy, which requires making a series of coordinated decisions regarding structural, infrastructure and inter-functional elements in manufacturing. Topics covered include manufacturing strategy, product design and development, JIT and MRP-II, global supply chain management, flexibility and time-based competition, workforce management, and organization for global operations and managing joint ventures.

Launching New Ventures, MGT 70526

2 credits, Graduate Elective

This course focuses on launching a new venture. Topics to be examined include growth and cash managment, sustaining the differentiated/competitive advantage of the venture, crisis management and new venture human resources issues. This course will use an action learning pedagogy. Students will be expected to apply what they learn in real business situations.

Management Speaking, MBCM 60401

2 credits, Graduate Elective

This course will provide you with an opportunity to improve your spoken communication skills in a variety of settings from informal meetings to large, formal presentations. Speaking experiences include business briefings, informative talks, persuasive speeches, and television news interviews. You will receive instructor feedback as well as peer review on every aspect of oral communication, including delivery, nonverbal behavior, content, organization, and visual support. Small sections promote personal student-professor contact and provide time for individual coaching.

Management Writing, MBCM 60421

2 credits, Graduate Elective

Because the most important ideas in business end up in writing, and because writing can frequently become a career sifter, this course will focus on the written word as a principal means of implementing business strategy and solving managerial problems. This course will focus on the basics of written expression in a business context, including the communication process, critical thinking, audience analysis, message development, correspondence, and document design.

Spreadsheet Decision Modeling, MGT 70759

2 credits, Graduate Elective

Managers today must increasingly make decisions on issues that are complex and have quantitative aspects. This course explores how spreadsheet-based tools can improve this type of decision making. All tools are studied in the context of real-world applications from several business functions: operations, finance, and accounting. Specific applications include logistics systems, process improvement, portfolio selection, financial planning, options pricing, and cash balance analysis. General principles that can enhance the choice and application of these tools will be discussed. Only a basic familiarity with spreadsheets is assumed.

Strategic Business Technology, MGT 706991

2 credits, Graduate Elective

In this course, we will focus on how organizations can successfully use technology to transform themselves and achieve competitive advantage in the new digital economy. We will approach the use of technology in a practical, managerially oriented way. Throughout the course, the emphasis will be on how technology provides organizations with strategic advantage by facilitating problem solving, increasing productivity and quality, improving customer service, and enabling business process reengineering and innovation.

Strategic Decision Making, MGT 60909

2 credits, Graduate Elective

The scope and role of strategic management encompasses a general management perspective that involves internal and external analysis, complex decision-making, and implementation of these decisions. The course has four goals: (1) to develop an awareness of the strategic decisions that organizations must make and the factors on which they depend; (2) to provide a conceptual framework for identifying, evaluating, and formulating strategies; (3) to integrate material learned in the basic functional courses; (4) to convey an understanding of the formal and informal processes involved in formulating and implementing strategies. A strategy consultation project, a key component of the course, provides an opportunity for students to work with local businesses and apply tools and skills developed in this course as well as other core courses.

10 Years Hence, MBGR 60210

2 credits, Graduate Elective

This course will explore issues, ideas, and trends likely to affect business and society over the next decade. The series of lectures will feature a wide range of experts on economic demography, biotechnology, religious fundamentalism, oil and peace, futurism and work, natural resources, and more. No examinations or graded assignments. Students must attend all lectures; no unexcused absences. Open to any Notre Dame undergraduate or graduate student.