North Central College - Naperville, IL

M.B.A. Courses

NOTE: This page contains course descriptions for the Master of Business Administration program which includes courses from the following areas: The program also draws on courses from the International Business Administration (IBA) program, the Leadership Studies (MLD) program, the Liberal Studies (MLS) program and the Management Information Systems (MIS) program. Academic credit for each course is noted in parenthesis after the course title. Prerequisites (if any) are noted following each course description. Not all courses are offered every year. Check Merlin, our searchable course schedule, to see which courses are being offered in upcoming terms.

Accounting Courses

ACC 501 Financial Accounting (3.00)
Measurement and reporting of financial information, including revenue recognition, inventory valuation, depreciation theory, liability recognition, and corporate equity measurement.

ACC 502 Managerial Accounting (3.00)
Development, analysis, and interpretation of accounting data for management decision-making. Topics include allocation of manufacturing overhead, budgeting, break-even and variance analysis, and methods of reporting costs that are essential to managerial decisions. Prerequisite: ACC 501 or equivalent.

ACC 530 Taxes I (3.00)
Basic concepts of federal income tax laws and their application in individual taxation. Topics include gross income, excluded income, deductions (business, non-business, and employee), tax credits, depreciation, capital gains and losses, installment sales, nonrefundable credits, and bad debts and losses. Same as: ACC 430. Prerequisites: ACC 202 or ACC 502.

ACC 531 Taxes II (3.00)
Basic concepts of federal income tax laws and their application primarily to business entities. Topics include corporations, corporate distributions, partnerships, securities and retirement plans, administrative procedures, and S corporations. Same as: ACC 431. Prerequisite: ACC 430.

ACC 540 Advanced Accounting (3.00)
A study of accounting principles concentrating on the preparation of consolidated financial statements and related topics. Same as: ACC 440. Prerequisites: ACC 319, IFS 104.

ACC 560 Accounting for Not-For-Profits (3.00)
A study of fund accounting as used by not-for-profit organizations such as government agencies, colleges, hospitals, and charitable organizations. Same as: ACC 460. Prerequisites: ACC 318, IFS 104.

ACC 570 Auditing and Attestation (3.00)
A study of standards and procedures related to audit and attest engagements. Topics include the decision-making process, the internal control environment and the communications for the engagement. Same as: ACC 470. Prerequisites: ACC 310, ACC 319, BUS 241.

ACC 590 Seminar: Financial Accounting (3.00)
Topics in financial accounting with an emphasis on research and emerging issues. The nature of financial accounting standard setting and its implications provide a framework for the seminar topics and activities. Same as: ACC 490. Prerequisite: ACC 319.

ACC 599 Independent Study (3.00)
Designed for students who intend to conduct an introductory study of a topic not covered in regular coursework. Instructor consent required.

ACC 601 Financial Analysis and Control (3.00)
Building upon financial and managerial accounting principles, we will study and perform financial statement analysis. Recent requirements to strengthen the reporting controls will be explored. Other relevant topics will be discussed.

ACC 692 Special Topics (3.00)
Topics will vary depending on faculty and student interests. Topics and prerequisites will be announced in advance. May be taken more than once with different content. Instructor consent required.

ACC 693 Independent Study (1.00-3.00)
Designed for students who intend to conduct an advanced study of a topic introduced previously in a graduate course.

ACC 695 Capstone: Applications in Accounting (3.00)
This culminating and capstone course gives the students the opportunity to apply what they have learned throughout the MBA program. Specifically, students will complete individual projects related to their areas of focus and interest. Normally the course is taken towards the end of the student's program. Prerequisite: Approval of MBA coordinator or Director of Graduate and Continuing Education. Instructor consent required.

ACC 696 Thesis (3.00)
Students may choose a Thesis instead of MGT 676. Prerequisite: Approval of MBA Coordinator and Faculty Supervisor. Instructor consent required.

Business Administration Courses

BUS 505 Legal Environment of Business (3.00)
An introduction to the influence of public policy, as implemented through the legal system and governmental regulatory bodies, on the formation and operation of businesses in a competitive environment. Topics include issues such as environmental, safety, labor, and antitrust legislation; affirmative action; product liability; interstate commerce regulation; and consumerism.

BUS 541 Business Statistics (3.00)
Statistical theory and methodology, with applications of principles of probability, sampling and estimation, hypothesis testing, regression, and correlation in a wide range of business decisions under conditions of risk and uncertainty. Prerequisite: MTH 121 or higher.

BUS 546 Operations Research (3.00)
Applications of mathematical models in managerial decision making. Statistical decision theory and optimization techniques including matrices, linear programming, decision theory, simulations, game theory, Markov processes, queuing theory, and network analysis. Same as: BUS 446. Prerequisite: BUS 541.

BUS 567 Project Management (3.00)
Skills and knowledge needed to effectively manage projects. Topics include methods of planning, estimating, scheduling, tracking, and controlling projects. Address group process issues and leadership concerns. Prerequisite: BUS 241 or BUS 541.

BUS 580 Business Law Topics (3.00)
An advanced course in selected business law areas. Topics may include cyberlaw, the law of commercial speech, employment discrimination law, and topics in international business law. Same as: BUS 480.

BUS 595 Small Business Entrepreneurship (3.00)

BUS 599 Independent Study (3.00)
Designed for students who intend to conduct an introductory study of a topic not covered in a regular course. Instructor consent required.

BUS 641 Econometric Applications for Business (3.00)
Applications of multivariate analysis methods in a business setting. Students are expected to define business-related problems; develop research proposals; collect, analyze, and interpret data; and prepare oral and written reports. Assignments include case studies and student/instructor defined projects. Prerequisite: BUS 541 or equivalent.

BUS 692 Special Topics (3.00)
Topics vary depending on faculty and student interests. Topics and prerequisites are announced in advance. May be taken more than once with different content. Instructor consent required.

BUS 693 Independent Study (1.00-3.00)
Designed for students who want to conduct advanced study of a topic introduced previously in a graduate course. Instructor consent required.

BUS 695 Application in Management & Marketing (3.00)
This culminating and capstone course gives the students the opportunity to apply what they have learned throughout the MBA program. Specifically, students will complete individual projects related to their areas of focus and interest. Normally the course is taken towards the end of the student's program. Prerequisite: Approval of MBA coordinator or Director of Graduate and Continuing Education. Instructor consent required.

BUS 696 Thesis (3.00)
Instructor consent required.

Economics Courses

ECN 500 Principles of Economics (3.00)
Concepts relevant to the analysis of the economic environment of the business firm, including factors of supply and demand, elasticity, competition, unemployment, inflation, national income analysis, and resource allocation decisions by government, businesses, and households.

Finance Courses

FIN 550 Financial Management (3.00)
A survey of the tools, concepts, and models used in financial analysis. Specific topics include discounted cash flow analysis, capital budgeting, risk and return, valuation models, financial markets, statement analysis, mergers and acquisitions, and multinational finance. Prerequisites: ACC 501 or ACC 502; ECN 500; BUS 541 recommended.

FIN 599 Independent Study (3.00)
Designed for students who intend to conduct an introductory study of a topic not covered previously in a regular course. Instructor consent required.

FIN 600 Investments, Portfolio Analysis, and Financial Planning (3.00)
A broad survey of investments, portfolio analysis, and financial planning. Topics include stock and bond market analysis and valuation, portfolio analysis and management, efficient markets, modern portfolio theory, and personal investment planning. Prerequisites: BUS 541, FIN 550.

FIN 610 Personal Financial Planning (3.00)
A broad-based course covering topics in personal financial planning and personal finance. Topics include the financial planning process, creating and evaluating personal financial statements, tax planning, insurance planning, investment planning, evaluation of credit sources and financial services, retirement planning, estate planning, and investment advising. The course is intended for a wide audience including students interested in taking a first step toward careers in personal financial consulting, advising, and financial services (financial planning, investment advising, personal banking), who already work in financial services fields and seek a greater understanding of personal financial topics to better serve clients, or who seek to better manage their own financial affairs. Prerequisite: FIN 550.

FIN 635 Advanced Financial Management (3.00)
The analysis of long term strategic financial decisions. Topics include the cost of capital, capital budgeting, cash flow estimation, capital structure theory and policy, leasing, multinational finace, bankruptcy and reorganization, and mergers and acquisitions. Prerequisites: BUS 541, FIN 550.

FIN 685 International Finance (3.00)
Theory and application in the realm of financial decision making in the international sphere. Topics may include the global financial enviroment, foreign exchange risk management, financing international transactions and asset management including short-term and long-term multinational corporate finance decisions. Prerequisite: FIN 550.

FIN 692 Special Topics (3.00)
Topics will vary depending on faculty and student interests. Topics and prerequisites will be announced in advance. May be taken more than once with different content. Instructor consent required.

FIN 693 Independent Study (1.50-3.00)
Designed for students who intend to conduct advanced study of a topic introduced previously in a graduate course. Instructor consent required.

FIN 695 Applications in Finance (3.00)
This culminating and capstone course gives students the opportunity to apply what they have learned throughout the MBA program. Specifically, students complete individual projects related to their area of focus and interest. Prerequisite: Approval of MBA Coordinator or Director of Graduate and Continuing Education.

FIN 696 Masters Thesis (3.00)
Prerequisite: Approval of MBA coordinator. Instructor consent required.

Management Courses

MGT 591 Quality Management (3.00)
An elective course for graduate business students, at any stage of their degree program, which is designed to provide an overview of the importance of quality in a rapidly changing competitive environment. The course explores the applicability of total quality management concepts to all types of organizations. Prequisites: None.

MGT 599 Independent Study (1.50-3.00)
This course is designed for students who want to do introductory study of a topic not covered in a regular course. Instructor consent required.

MGT 620 Operations Management (3.00)
A systems approach applied to operational tasks such as the production and control functions. Topics covered include production and operations scheduling, activity based costing, total quality control, productivity, inventory planning models, CADCAM, flexible manufacturing systems, computer integrated manufacturing, and the interaction between production and other functional areas. Prerequisite: BUS 546.

MGT 621 Organizational Behavior (3.00)
An examination of the development of organizational theory, as well as individual and group motivation and behavioral factors within organizations. Topics include organizational change, conflict, structure, development, communication, decision-making, and leadership.

MGT 623 Human Resource Management (3.00)
Examines factors, both inside and outside the organization, which influence the personnel planning function. Topics include employee selection, development, motivation, evaluation and remuneration, and labor relations. Instructional methods include the case approach, laboratory exercises, and small group decisions.

MGT 645 Organizational Leadership and Group Performance (3.00)
An analysis of organizational leadership and the practice of leading and managing corporations and small businesses and not-for-profit associations or governmental agencies. The intellectual, psychological, political, and social sources of leadership are studied for their theoretical foundation and practical application. The concepts of transformational and transactional leadership are continually examined and students are encouraged to develop their leadership skills through case analysis, role development, and research projects.

MGT 675 Strategic Management (3.00)
A case-oriented course in the formulation and implementation of organizational strategy, policy, structure, and programs of action. Taught from a top management perspective, the course involves the student in strategy making and draws on prior course work in accounting, finance, marketing, management, and personnel studies. Comprehensive cases cover behavioral, financial, marketing, legal, and general management factors. Prerequisites: FIN 550, 2nd year in program.

MGT 676 Strategic Decision-Making (3.00)
This course is the capstone for the MBA program. It investigates the impact of contemporary issues on corporate strategy. A case analysis approach is used to review economic, political, financial, and legal implications of strategic decision-making. The course emphasizes identifying strategic alternatives and developing business strategies that incorporate all of the functional activities and organizational processes related to competitive success. Prerequisite: MGT 675; course must be taken in one of the two final terms in the MBA program.

MGT 682 International Management (3.00)
This course will expose the student to the environment of international management, planning in the global arena, organizing global operations, international negotiations, strategy formulation, leadership and cross-cultural management, and finally, controlling international operations. Prerequisites: ACC 501, ECN 500; or equivalents.

MGT 683 Innovation and Organizational Change (3.00)
An analysis of the management of innovation and change in organizations; the technical, economic, and social dynamics associated with the change process; and the role of the leader as a change agent. Case studies of organizations undergoing change, and biographies of leaders and change agents, are examined. Several models of change are studied, including the matrix of possible change strategies and actors in the organization. Students are encouraged to undertake a project of consequential change in an organization of their choice. Prerequisites: MGT 645, MGT 675.

MGT 685 Human Resource Planning (3.00)
The development of a comprehensive plan for meeting the future personnel needs of an organization. Emphasis on the principles and practices required to forecast and acquire the human resources necessary to implement operational and strategic plans in organizations. Both for-profit and not-for-profit sectors are examined in regard to recruitment, selection, training, and appraisal of organizational members. Prerequisites: MGT 623, MGT 675.

MGT 690 International Business Study Abroad (3.00)
This course explores the international business dynamics of one city, state, or region outside the United States including economic, legal, social, and political issues. The course includes a short-term study abroad visit to the region, and significant pre- and post-visit components. Destinations and content change according to instructor. Repeatable with different content. Instructor consent required.

MGT 692 Special Topics (3.00)
Topics vary depending on faculty and student interests. Topics and prerequisites are announced in advance. This course may be taken more than once with different content. Instructor consent required.

MGT 693 Independent Study (1.50-3.00)
This course is designed for students who want to do advanced study of a topic previously covered in a regular course, but not offered in another course. Instructor consent required.

MGT 696 Thesis (3.00)
Prerequisite: Approval of MBA Coordinator. Instructor consent required.

Marketing Courses

MKT 570 Marketing Management (3.00)
The analysis, planning, implementation, and coordination of marketing activities for the purpose of achieving organizational objectives. Topics include determination of target market segments, needs and opportunities, developing marketing strategies, and manipulation of elements in the marketing mix.

MKT 575 Marketing Research Analysis and Management (3.00)
The quality of marketing decisions depends to a great extent on the information available to the marketing decision-maker. It is the function of marketing research to provide information for this decision making. The format of this course is to concentrate not only on how to do marketing research but why to do it that way. In this investigation such topics as research design, sources of marketing research data and techniques used to gather and interpret data, to mention a few, are discussed. Prerequisite: MKT 570.

MKT 599 Independent Study (1.50-3.00)
This course is designed for students who want to do introductory study of a topic not covered in a regular course. Instructor consent required.

MKT 685 Promotional Management (3.00)
A study of the theories and techniques applicable to the development of the promotional mix. Topics include the analysis and development of promotional objectives, budgets, message and media design, and measuring the effectiveness of advertising, sales promotion, and public relations efforts. Prerequisite: MKT 570.

MKT 688 International Marketing (3.00)
An exploration of the differences between markets and distribution systems among various countries, with an emphasis on the social, economic, and cultural factors causing these differences. Topics include the organization of trade channels in various cultures, typical government policies toward international trade as countries reach different stages of development, international marketing research, advertising and exporting. Prerequisite: MKT 570.

MKT 692 Special Topics (3.00)
Topics will vary depending on faculty and student interests. Topics and prerequisites will be announced in advance. This course may be taken more than once with different content. Instructor consent required.

MKT 693 Independent Study (1.50-3.00)
This course is designed for students who want to do advanced study of a topic previously covered in a regular course, but not offered in another course. Instructor consent required.

MKT 696 Thesis (3.00)
Prerequisite: Approval of MBA Coordinator. Instructor consent required.