Bachelor of Science in Business Administration, Major in Financial Management

FIRST YEAR

1st Semester

BACT 101  Principles of Accounting I                                           6

ENGL 101  Communication Skills I                                               3

MATH 111  College Algebra                                                      3

FILI 111  Komunikasyon sa Akademikong Filipino                                 3

BSIT 001  Fundamentals of Computer software                                    3

RELB 110  Life & Teachings of Jesus                                            3

PHED      Physical Education I Elective                                        2

VOED 101  Food Production                                                      2

          NSTP I                                                               1.5

               Total                                                          26.5

2nd Semester

BACT 102  Principles of Accounting II                                          6

ENGL 102  Communication Skills II                                              3

BFIN 110  Basic Finance                                                        3

FILI 122  Pagbasa at Pagsulat Tungo sa Pananaliksik                            3

BSIT 002  Fund. of Programming & Database Theory & Application                 3

SOSC 302  Basic Economics w/ TAR                                               3

PHED      Physical Education II Elective                                       2

VOED      Driving                                                              2

          NSTP II                                                              1.5

               Total                                                          26.5

SECOND YEAR

1st Semester

BFIN 210  Financial Management I                                               3

BCOM 211  Fund. of Business Organization                                       3

BACT 211  Microeconomic Theory & Practice                                      3

BFIN 201  Mathematics of Investment                                            3

SOSC 202  Society & Culture w/ Family Planning                                 3

MATH 112  Business Statistics                                                  3

HIST 105  Phil. History w/ Politics & Governance                               3

RELB 216  Personal Evangelism                                                  2

PHED      Physical Education III                                               2

WOED 101  Work Education I                                                    (1)

               Total                                                          25

2nd Semester

BFIN 211  Financial Management II                                              3

BCOM 203  Fund. of Human Behavior in Organization                              3

BACT 212  Macroeconomic Theory & Practice                                      3

SOSC      Intro. to Philosophy w/ Logic & Critical Thinking                    3

LITT 201  Philippine Literature                                                3

SOSC 201  Life & Works of Rizal                                                3

RELB 113  Christian Beliefs                                                    3

MUCH 106  Ministry of Music                                                    2

PHED      Physical Education IV                                                2

WOED 102  Work Education II                                                   (1)

               Total                                                          25

THIRD YEAR

1st Semester

BFIN 311  Investment Analysis and Management                                   3

BFIN 312  Financial Analysis & Reporting                                       3

BCOM 202  Human Resource Management                                            3

BACT 331  Law on Obligations & Contracts                                       3

BACT 341  Technical Writing:  Business Applications                            3

MKTG 101  Principles of Marketing                                              3

Biological Science Elective                                                    3

RELB 220  Daniel & Revelation                                                  3

             Total                                                            24

2nd Semester

BFIN 313  Monetary Policy & Central Banking                                    3

BFIN 314  Banking & Financial Institutions                                     6

          Elective I                                                           3

BACT 332  Law on Business Organization                                         3

BCOM 204  Production Operation Management                                      3

PSYC 408  Business Psychology                                                  3

          Physical Science Elective                                            3

BFIN 351  PRACTICUM I                                                          3

               Total                                                          27

Summer

BFIN 352  Practicum II                                                         3

FOURTH YEAR

1st Semester

BFIN 411  Capital Markets                                                      3

BACT 452  Good Governance & Social Responsibility                              3

BCOM 401  Business Research w/ Feasibility Study                               3

          Elective II                                                          3

          Elective III                                                         3

RELB 124  Philosophy of Adventist Education                                    2

BACT 441  Taxation I                                                           3

BACT 433  Sales, Agency and Other Commercial Laws                              3

               Total                                                          23

2nd Semester

BFIN 412  Credit & Collection                                                  3

BFIN 413  Strategic Financial Management                                       3

          Elective IV                                                          3

          Elective V                                                           3

          Humanities Elective                                                  3

BACT 442  Taxation II                                                          3

BACT 434  Law on Negotiable Instruments                                        3

RELB 123  Denominational History                                               3

               Total                                                          24

Total Units Required                                                         204

SUMMARY

A. General Education                                                         (62)

English                                                              (6)

Communication Skills I                                        3

Communication Skills II                                       3

Filipino                                                              (9)

Literature                                                            (3)

Philippine Literature                                         3

Mathematics                                                           (6)

College Algebra                                               3

Business Statistics                                           3

IT Education                                                          (3)

Funda of Computer Software and Applications                   3

Natural Sciences                                                      (6)

Physical Science (Elective)                                   3

Biological Science (Elective)                                 3

Humanities                                                            (6)

Intro to Philosophy w/ Logic & Critical Thinking              3

Humanities (Elective)                                         3

Social Sciences                                                       (9)

Basic Economics w/ TAR                                        3

Society & Culture                                             3

Business Psychology                                           3

Mandated Subjects                                                     (6)

Physical Education                                                    (8)

B. Internal Requirements                                                      (25)

NSTP                                                                  (3)

Vocatonal Education                                                   (4)

Religion                                                             (18)

Work Education                                                       (NC)

C. Major Courses                                                              (27)

Financial Management I                                             3

Financial Management II                                            3

Financial Analysis & Reporting                                     3

Banking & Financial Institutions                                   3

Monetary Policy & Central Banking                                  3

Investment and Portfolio Management                                3

Credit and Collection                                              3

Capital Markets                                                    3

Strategic Financial Management                                     3

D. Cognates                                                                   (75)

Principles of Accounting I                                         6

Principles of Accounting II                                        6

Microeconomic Theory & Practice                                    3

Macroeconomic Theory & Practice                                    3

Law on Obligations & Contracts                                     3

Law on Business Organization                                       3

Technical Writing: Business and Accounting Applications            3

Sales, Agency, and Other Commercial Laws                           3

Law on Negotiable Instruments                                      3

Taxation I                                                         3

Taxation II                                                        3

Good Governance & Social Responsibility                            3

Funda of Business Organizatin and Management                       3

Human Resource Management                                          3

Funda of Human Behavior in Organization                            3

Production Operation Management                                    3

Project Feasibility Study                                          3

Basic Finance                                                      3

Mathematics of Investment                                          3

Practicum I (w/ Laboratory)                                        3

Practicum II (Internship 240 hours)                                3

Funda of Programming & Database Theory and Applications            3

Principles of Marketing                                            3

E. Electives                                                                  (15)

Public Finance                                                     3

Treasury Management                                                3

Special Topics in Financial Management                             3

Risk Management                                                    3

Securities Analysis                                                3

Behavioral Finance                                                 3

Financial Controllership                                           3

Mutual Fund                                                        3

Venture Capital                                                    3

Global Finance w/ Electronic Learning                              3

Franchising                                                        3

Total number of units required for the degree                                 204 units

COURSE DESCRIPTION

bcom 101           Fundamentals of Business Organization and Management (3 units).  This is an introductory course in management for business and accountancy students who need to grasp the big picture of management concepts, processes, and techniques as practiced today in business, industry, and government.  The students gain a solid grasp of how effective managers orchestrate human resources and their own energies to contribute to an organization’s successful achievement of its mission and bottom-line goals.

bcom 203           Fundamentals of Human Behavior in Organization (3 units).  This course provides a broad introduction to the structure and function of organizations and the behavior of people in them, focusing on public and nonprofit organizations.  The primary purpose of the course is to equip students with an understanding of organizational concepts and practical techniques for managing effectively in challenging environments.  Topics discussed include organizational behavior, rational and natural organizations, open systems and organization environment, personal assessment of managerial skills, leadership, employee empowerment, motivation, diversity, managing conflict, negotiation, communication, leadership and working in groups and teams, managing change, and managing stress. Prerequisite: Fundamentals of Business Organization and Management

mktg 101          Principles of Marketing (3 units).  This course introduces students to the nature of marketing, the fundamentals of marketing strategy and marketing environment.  It explores global competition, ethical and moral marketing behaviors, the business environment under which marketing operates and the role of technology in a changing world.  It investigates the marketing of goods and services by commercial organizations as well as the marketing ideas by not-for-profit firms.  Major topics discussed are:  nature of marketing, nature of distribution, promotion and advertising, pricing, impact of the global economy on marketing and special topics such as strategies for new products and the product life cycle (PLC), marketing of high quality services and integrated marketing communications. Prerequisite:  Communication Arts I

bact    101         Principles of Accounting I (6 units).  This course provides an introduction to accounting, within the context of business and business decisions.  Students obtain basic understanding of the principles and concepts of accounting as well as their applicability and relevance in the national context and learn how to use various types of accounting information found in financial statements and annual reports.  Emphasis is placed on understanding the reason underlying basic accounting concepts and providing students with an adequate background on the recording, classification, and summarization functions of accounting to enable them to appreciate the varied uses of accounting data.

bact    341         Technical Writing: Business and Accounting Applications (3 units).  The Sabanes-Oxley Act of 2002/Section 404, and technological and global business developments, have had a significant impact on the field of accounting.  In particular, accountants are now compelled to take greater responsibility for communication with clients and the public, and there is a clear shift toward more disclosure and transparency, with an accompanying demand for stronger writing and speaking skill that in the past.  Although the accountants may view themselves as “numbers” people, they will be required to engage in a variety of writing tasks on the job, and companies increasingly expect writing mastery before graduation.  In this course, students should learn how to write accounting and auditing reports efficiently, self-edit their own work confidently, offer competent feedback to their peers, master a number of document requirements and structures and write strategically for a variety of audiences. Prerequisite:           Communication Arts II

bfin      110         Basic Finance (3 units).  This course is a study of the functions of business finance.  It covers basic financial principles such as money, banking and interest rates.  Also discussed in detail are the Philippine financial system, time value of money, risk and return, basic concepts in international business and global finance, and the use of accounting information for financial decision-making.  The main purpose of the course is to provide students with the basic financial background necessary to understand the corporate segment of the economy.

bsit      001         Fundamentals of Programming and Database Theory and Applications (3 units).  This is an introductory course on programming and will teach the student basic programming skills.  Topics include:  fundamentals of programming methodology, software lifecycle, requirements and specifications, software design, design methodologies, verification and testing.  The course also introduces the student to database management systems.  It focuses on fundamental/entity relationships and data flow diagrams, access database fundamentals, random on-line access, shared data (use of common data structures)  and system flexibility, efficient and reliable storage, and the relational data base management system (RDBMS). Prerequisite:  Fundamentals of Computer Software and Applications

bact    452         Good Governance and Corporate Responsibility (3 units).  This course is designed to inform and stimulate thinking on issues of ethics and social responsibility encountered in business.  The material covered is intended to prepare students to recognize and manage ethical and social responsibility issues as they arise, and to help them formulate their own standards of integrity and professionalism.  The overall course objectives are to increase awareness of the ethical dimension of business conduct, to contribute insight into the professional standards and responsibilities of students in their future careers; to develop analytical skill for identifying and resolving ethical and social responsibility issues in business; and to practice decision making about ethical and social responsibility issues. Prerequisite:  Fundamentals of Business Organization and Management and Law on Business Organizations

bcom 204           Production and Operation Management (3 units).  This course examines the subject of production and operations management (POM) and discusses its importance to the overall strategy and competitiveness of a firm.  In addition, this course focuses on specific tools used to manage and enhance a firm’s operations and productions, such as facility layout, product design, aggregate planning, inventory management, and forecasting.  Other topics include process analysis and selection, operations scheduling, quality management and statistical quality control and project management. Prerequisite:              Business Statistics and Quantitative Techniques in Business

bcom 202           Human Resource Management (3 units).  This course deals with the effective management of human resources to achieve organizational goals. It focuses on human resource procurement, development, maintenance, and separation of employees as practiced in small-and-medium scale industries, giving emphasis is on the attraction and retention of competent personnel, management of human resource flow, work systems, and reward systems, and integration of human resource programs into organization strategy to support long-term competitive strategies. Prerequisite:            Fundamentals of Human Behavior in Organization

bact 331            Law on Obligations and Contracts (3 units).  This course gives the student and understanding of the legal concepts and rules governing the law of obligations and contracts and application of these concepts to practical problems.  It involves a discussion of the nature, sources, and kinds, and extinguishments of contracts including defective contracts and other miscellaneous topics relevant to the course.

bact 102            Principles of Accounting II (6 units).  This is a continuation of the first course in accounting.  It deals with transactions, financial statements, and problems peculiar to the operations of partnership and corporations as distinguished from sole proprietorships.  Topics include:  partnership formation and operations including accounting for admission of partners, changes in capital, and profit-and-loss-sharing ratios; the conversion of an unincorporated enterprise into a corporation; accounting for incorporated enterprises, including corporate organizations, paid-in capital, accumulated earnings (loss), dividends and treasury shares.  It will also cover the preparation of financial statements for internal and external purposes, accounting information systems manual and computerized special journals; understanding balance sheet, income statement, statement of cash flows and statement of changes in equity; financial statements of companies in the service, manufacturing and trading industries; and analysis of accounting information and decision making. Prerequisite:  Principles of Accounting I

bact 211            Microeconomic Theory and Practice (3 units).  This course introduces the student to the three pillars of economic analysis (choice, scarcity, and coordination) and the mathematical techniques that economists use to represent these ideas (optimization, equilibrium, and adding-up constraints).  Most of the course is devoted to the “price theory”, elasticity, price regulation and consumer choice, which is the analysis of the role that price play in facilitating coordination in a market economy.  The last part of the course deals with situations where coordination through prices may not result in desirable outcomes.  This includes market structures: competition and monopoly, and monopolistic competition and oligopoly. Prerequisite: Basic Economics with TAR

bact  441           Taxation I (3 units).  The introductory Taxation course is primarily concerned with income taxation.  The objective is to develop a working knowledge of the basic principles and rules of the income tax system as these apply to individuals, partnerships, and corporations.  It covers and overview of the national tax system, and the income taxation of employees and unincorporated businesses and incorporated businesses.  It provides the students with knowledge of the capital gains tax, final tax on certain passive income, and the year-end tax.  Included are the minimum corporate income tax, the normal tax, and the improperly accumulated profits tax of corporations and withholding taxes.  Tax forms are provided for specific topics discussed. Prerequisite: Principles of Accounting II

bact    212         Macroeconomic Theory and Practice (3 units).  This course is concerned with the behavior of the economy as a whole.  Macroeconomics addresses the determination of the economy’s total output of goods and services (GDP), the growth of output, the determinants of the price level and the rate of inflation, the factors that determine employment (and unemployment), the balance of payments, and exchange rates.  The purpose of this course is to address macroeconomics in theory and practice. Prerequisite:          Microeconomic Theory and Practice

bcom  403          Business Policy and Strategy (3 units).  The aim of this course is to provide students with a broad overview of the basic concepts in strategic management.  Students are exposed to a number of frameworks and models to better understand and analyze the macro-environment, the industry environment, and firm level resources.  The end goal is for the students to be able to think strategically, as opposed to only having a functional orientation, and to formulate and to implement creative and innovative strategies that are conducive to the demands of the firm and the environment in which it resides.  Together with Management Consultancy, this course serves as an integrative course to be taken in the last term/semester. Prerequisite:   Production Operation Management, Principles of Marketing, Financial Management I, Good Governance and Social Responsibility

bact    332         Law on Business Organizations (3 units).  This course is intended to give the students a broad knowledge of legal provisions governing business associations-limited liability company, partnership, and corporations.  Topics include:  nature of partnership; elements and kinds of partnership; formalities required; rules of management, distribution of profits, and sharing of losses and liabilities; modes of dissolution; limited partnership; nature and classes of corporations; requirements for incorporation; powers of corporation (expressed, implied, and incidental); Board of Directors; classes of stock; powers and obligations of stockholders; majority and minority controls; corporate reorganization (mergers, consolidations, and other business combinations); modes of dissolution and liquidation; and statutory books, records, and returns required for a corporation.  Also discussed are the laws of association such as clubs. Prerequisite:          Law on Obligations and Contracts

bact    434         Law on Negotiable Instruments (3 units).  This course deals with the provisions of the law on negotiable instruments.  It includes discussion on topics on negotiability of the instruments; functions and kind of negotiable instrument; construction of ambiguous instrument; forgery and its effect; consideration; accommodation party; manner and consequence of transfer of instruments; striking out endorsements; requisites of holder in due course; defense of parties; discharge of negotiable instruments and parties secondarily liable; liabilities of the parties; effects of alteration; and other kinds of instruments such as promissory notes and bills of exchange.  Some of the major themes that will be explored in class include the process of negotiation and collection (i.e., paying and getting paid), loss allocation (who pays when there is a problem), and emerging payment systems using new technology and the Internet (credit and debit card systems). Prerequisite:Law on Obligations and Contracts

bact 433            Sales, Agency and Other Commercial Laws (3 units).  This course deals with the law on sales covering contracts for the sale of goods including nature, forms, and requisites, distinguished from dacion en pago, cession in payment, contract for a piece of work, and barter; earnest money as distinguished from option money; rights/obligations of vendee and vendor; remedies of unpaid seller; warranties; sale with a right to repurchase or conventional redemption and legal redemption; sale on credit; and installment sales (personal property – Recto Law, real property – Maceda Law).  It also covers the law on agency; its nature, form, and kinds; obligations of the agent and of the principal; and modes of extinguishments.  Also discussed are pertinent provisions of the Labor Code and the law on credit transactions such as loan, deposit, guarantee, pledge, real mortgage, antichresis, and chattel mortgage.  Other relevant laws on commerce and trade such as the Omnibus Investment Code, Foreign Investments Act, and Retail Trade Liberalization Law are also discussed. Prerequisite:               Law on Obligations and Contracts

bact 442            Taxation II (3 units).  This course involves an intensive study of the business and transfer tax system, including the estate tax, the gift tax, and transfer tax.  The relationship between these three donative transfer taxes, and between transfer taxes and the income tax, are emphasized.  The policy underpinnings of wealth transfer taxation, and the reasons for the recent erosion in its political support, will be explored.  The Expanded Value-Added Tax and percentages taxes are also discussed. Prerequisite: Taxation I

bfin      210         Financial Management I (3 units).  This course provides the synthesis of financial policy into grand strategy which integrates organization purpose and goals.  The focus of the course is on current thinking regarding valuation of a firm, investment decision processes, financing, and dividend policy, asset management and financial strategies and portfolio theory.  This course also covers the financial analysis (interpreting and analyzing financial statements for indications of business performance and use of computers for financial analysis, assessing information weaknesses in financial statements), planning, and concept of risk.  It includes the information and use of current assets, working capital, and credit policy.  Finally, the course includes the understanding of long term financing instruments and the capital structure. Prerequisite:    Basic Finance

bfin      211         Financial Management II (3 units).  The course is a continuation of Financial Management I and provides a conceptual framework within which key financial decisions and risks relating to corporations are analyzed.  This analysis considers shareholder wealth maximization, long-term financing, capital budgeting, risk management (the nature of risk, concepts, benefits of risk management, risk management processes, enterprise-wide risk management, managing operating risk and financial risk, credit risk models including Basel II) capital acquisition analysis, capital structure decision, valuation of financial instruments, and the dividend decision.  It also examines the main types of derivative contracts:  forward contracts, futures, swaps and options, and how these instruments are used in managing and modifying financial risks. Prerequisite:  Financial Management I

bfin      312         Financial Analysis and Reporting (3 units).  This course deals with solving common financial problems.  The primary focus is on equity (share) valuation, with some attention given to credit analysis and the valuation of debt.  The methods of fundamental analysis will be examined in detail and applied in cases and projects involving listed companies.  Topics include models of shareholder value and a comparison of accounting and discounted cash flow approaches to valuation, methods of financial statement analysis, testing the quality of financial reports, designing value-added metrics, forecasting earnings and cash flows, pro-forma analysis of strategy and planning, and the determination of price/earnings and market-to-book ratios. Prerequisite:  Financial Management II

bfin      314         Banking and Financial Institutions (3 units).  Courses in this area are designed to develop an understanding of financial institutions and financial markets and their relationship to public policies and management policies.  Included are studies of market structure, profit strategies, relationship of commercial banks and other financial institutions, problems of asset and liability management, and theory of interest and asset prices. Prerequisite:  Financial Management II

bfin      313         Monetary Policy and Central Banking (3 units). 

Part I:  Introduction and Overview – Barter payments and a monetary economy; Money, inflation, interest rates and output; Intermediation and the financial system; financial instruments, markets and institutions; Interest Rates and term structure. Financial services industry; Origins of banks; Why is the financial industry special; Banking and financial regulation; Risks in financial intermediation, Money creation and central banking; Multiple deposit creation; Demand and supply for money and reserves; Deposit creation by banks and the role of a central bank; Instruments of monetary policy. Operation of the monetary board

Part II:  Central Banking -                 Central Banking Chapters:  Crosses, Models, and Curves; Monetary Theories; Policies, Ideas and Results. Prerequisite:  Financial Management II

bfin      311         Investment and Portfolio Management (3 units).  This course is a study of fundamental theories of optimal portfolio selection, investment evaluation, securities valuation, industry and company analysis in relation to stock market operations, management of fixed income investments, international portfolio diversification. Prerequisite:  Financial Management I

bfin      411         Capital Market (3 units).  This course focuses on Capital Market Theory, its efficiency and implications.  It establishes its coherence with the rest of the financial institutions within the financial environment.  The course also deals with the relationship of the financial market with the government and how the latter stands a powerful influential tool.  The course likewise attempts to develop the analytical ability of the students through various financial case presentations. Prerequisite:  Financial Management I

bfin      412         Credit and Collection (3 units).  This course covers techniques of establishing the credit, obtaining and checking information, servicing the loan, billing and collecting the amount due.  Each of a bank’s installment credit operation is carefully scrutinized.

                After successfully completing this course, the student should have a working knowledge of:  Collection policies and procedure; Principles of credit evaluation; Open-end credit; Direct lending; Leasing of consumer goods; Indirect lending; Legal aspects of installment credit; Organizing and managing an installment loan department. Prerequisite:  Financial Management II

bfin      413         Strategic Financial Management (3 units).  The course enables the student to have an integrated view of the management of a financial institution.  Topics include corporate environmental scanning, situation audit, objective setting, strategy and tactics formulation, financial planning and control in the context of a periodic planning cycle.  Case studies of planning in financial institutions will be extensively used.  The profit/cost center performance via the transfer pool pricing management information requirements as well as designing the database management system will also be discussed. Prerequisite:  Financial Management II

bfin      451         Public Finance (3 units).  This course examines the issues central to majority of the most pressing issues in public affairs:  market outcomes, government expenditure programs, and taxation;  examines the major strengths and weaknesses of the market and explores why government involvement is necessary; examines the models of welfare economics use to describe optimal patterns of government expenditure and taxation.  Likewise, the subject uses models to analyze real-world problems and programs, and uses both efficiency and equity criteria to evaluate many policies and policy proposals. Prerequisite:  Financial Management II

Cooperative Management (3 units).  This course outlines the process of organizing and financing the cooperative business.  It represents the most important elements to consider when forming a cooperative.  It lists what special expertise is necessary, and where to look for help.

                The subject emphasizes working with groups of producers to develop markets and sources of supply.  This study has been broadened to also include non-farm cooperative applications and its cooperative business structure which has been helpful in helping others obtain desired benefits or provide needed services in areas like housing, utilities, finance, health care, child care, and small business support. Prerequisite:  Financial Management II and Fundamentals of Business Organization and Management

Entrepreneurial Management (3 units).  The course aims to teach the approach entrepreneurs use in identifying opportunity and creating new ventures; the analytical skills that are needed to practice this approach; and the background knowledge and managerial skills that are necessary for dealing with the recurring issues involved in starting, growing, and harnessing the value of new ventures. Prerequisite:  Fundamentals of Business Organization and Management

bfin      452         Treasury Management (3 units).  The course aims to introduce the students to a more intensive discussion of the various domestic and international treasury functions, concepts, and product of a financial institution.  The topics include international trading, securities leadership, reserve and money position management, funds management, tax position management, pricing of treasury products, FCDU management, foreign exchange exposure management, risk and controls in treasury operations. Prerequisite:  Financial Management II

bfin      453         Special Topics in Financial Management (3 units).  This course provides an overview of tools, techniques, and frameworks commonly used as part of market and industry assessments, on engagements involving substantial operational and organizational analysis. It highlights the principle on financial analytical tools used to conduct strategic analysis and indicates the link between corporate strategy and performance through measurement frameworks used frequently to provide decision-making information to management. Prerequisite:  Financial Management II

bfin      454         Risk Management (3 units).  This course covers the strategies employed which include transferring risk to another party, avoiding the risk, reducing the negative effect of the risk, and accepting some or all of the consequences of a particular risk.  Traditional risk management focuses on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, deaths, and lawsuits).  Financial risk management, on the other hand, focuses on risks that can be managed using traded financial instruments.  Intangible risk management focuses on the risks associated with human capital. Prerequisite:  Financial Management II

bfin      455         Securities Analysis (3 units).  This subject is intended to develop a student’s ability to analyze financial statement for the purpose of assessing a company’s financial stability, performance and efficiency.  The subject involves the analysis of failed and non-failed companies, employing both classical rates analysis and the failure production models. Prerequisite:  Financial Management II

bfin      456         Behavioral Finance (3 units).  This course covers the main insights and finding from behavioral finance, and studies the psychological phenomena that influence investors, analyst, and portfolio managers.  Wherever possible, short cases are used to convey key points. Prerequisite:  Financial Management II

bfin      457         Financial Controllership (3 units).  This is a course in the controllership function in a business organization with focus on financial institutions (banks, investments houses, finance companies, stock brokerages, and insurance companies.)  It covers the management of data and information, the systems of control through operating and capital budgets, tax administration, protecting of assets, and general internal control systems and procedures. Prerequisite:  Financial Management II

bfin      458         Mutual Fund (3 units).  In this course, the students will have an in depth study at a non-bank intermediary where investors can buy special portfolios of securities.  The course begins with an overview of financial intermediaries and then focuses at the features of mutual funds which is an example of a non-depository intermediary.

                It also deals with topics like SEC Regulations on investment companies like mutual funds, open-end mutual funds as distinguished from close-end mutual funds, and investment portfolios.  It also provides the students adequate knowledge on the three advantages of mutual funds namely:  diversification, liquidity and transaction cost advantage. Prerequisite:  Financial Management II

bfin      459         Venture Capital (3 units).  The course surveys the private equity industry, with an emphasis on financial economic tools useful for leverage buyout and venture capital investing.  The main goal of the course is to equip students with the financial background to start career as a private equity investor.  Prerequisite:  Financial Management II

bfin      460         Global Finance with Electronic Banking (3 units).  Review of basic corporate finance terms, issues in international trade and multinationals; Macro determinants of exchange rates; Foreign exchange markets; Futures and options; parity conditions and more on hedging; Measuring accounting exposure; Managing accounting exposure; International Financing; Capital Budgeting and the Cost of Capital; Transfer Pricing and asset management. Prerequisite:  Financial Management II

bfin      461         Franchising (3 units).  The course introduces franchising as a method of retail business in which the investor/franchisee makes an investment in the form of a franchise fee in exchange for the right to promote goods, services, and/or processes directly to the public. A franchise usually has a recognizable name or trademark. Franchising involves the integration of independent companies at different levels and in different areas of production and distribution. This integration permits more effective sales and advertising. Prerequisite:  Principles of Marketing

bcom 401           business reseach with Feasibility Study (3 units).  This is a guided independent research project to demonstrate the student’s skills in research procedures, analysis, and decision making.  The process includes choosing a business venture, determining appropriate research design, forecasting demand and supply, establishing the technical process, identifying appropriate business organization, preparation of forecasted financial statements and financial statement analysis. Prerequisite:  Principles of Accounting I & II, Principles of Marketing, Financial Management II, Business Statistics, Fundamentals of Business Organization and Management, Production Operation Management

bfin      351         Practicum I (3 units).  This course intends to simulate an actual business office where students are trained and equipped for employment.  Students are guided on the preparation of resume, application letter and other pertinent documents necessary for job applications. They are likewise coached on how to conduct themselves during job interviews, day-to-day workplace activities, and social functions.  The course will also cover training on the use of office equipment, preparation of bank reconciliation, filing system, and hands-on application of accounting software.  This course intends to equip students with basic skills and knowledge for actual on-the-job training and increase self-confidence in performing tasks which will later be assigned to them. Prerequisite:  Completion of at least 70% of courses in the entire curriculum

bfin      352         Practicum II (3 units).  This is an applied academic experience conducted under joint faculty and employer supervision which requires a minimum of one semester and will include a minimum of 240 contact hours.  This may be in the areas of accounting, external audit, internal audit, or tax.  Each intern registers for this course which will be given three hours credit.  A regular letter grade will be given at the end of the internship with input from both the employer and the Accountancy Department Chair.  Each internship agreement shall meet the following requirements:

  1. Be substantial and practical, including analysis, evaluation, and application of business, accounting, and auditing concepts;
  2. Be subject to periodic documentation of progress and review by both the employer and the Accountancy Department Chair;
  3. Culminate in final evaluation prepared by the employer and a final course grade awarded by the Accountancy Department Chair.

Students are required to submit a written report documenting the tasks, responsibilities, learning experiences, training, and hours worked.  Reports should include comments on areas such as human relations aspects of their work, including leadership and management skills; importance and emphasis on teamwork; technical, intellectual, physical, and social challenges; work schedule; and how the BS in Accountancy course prepared them for internship.  The report should also cover the following:

  1. description of key tasks and responsibilities performed during their internship, including their assessment of the most valuable things the student learned;
  2. evaluation of the training and the overall learning environment provided by their employer;
  3. evaluation of their internship experience and how it has impacted their career goals;
  4. how well the Accountancy Program prepared them for internship including a description of how their formal education and work experience interrelate;
  5. recommendations for improvement of their specific internship position and the Accountancy internship course in general; and
  6. total number of hours worked during internship.

Prerequisite:        Completion of at least 80% of courses in the entire curriculum