Graduate Bulletin-School of Business and Management

Tax consequences of inter vivos and testamentary transfers of property, gift taxes, and gift-splitting, and numerous estate planning considerations. Enrollment is limited to students in the M.S. in Taxation program or by permission of the Taxation program director.

579. Civil and Criminal Tax Procedure. (3 s.h.)

Federal tax procedure at the administrative level, including an overview of tax litigation. Topics covered include: examination of returns, summons power, assessment of deficiencies, administrative settlement of tax disputes, interest and civil penalties, and criminal prosecutions. Enrollment is limited to students in the M.S. Taxation program or by permission of the Taxation program director.

580. International Taxation. (3 s.h.)

Tax consequences of international operations of U.S. corporations examined, as is taxation of expatriates, DISCs, Western hemisphere trade operations and licensing arrangements. Enrollment is limited to students in the M.S. Taxation program or by permission of the Taxation program director.

582. State and Local Taxation. (3 s.h.)

State and local income and franchise taxes, their legal bases and restrictions, and their economic impact. Special attention to appropriate provisions of tax codes of Pennsylvania and city of Philadelphia. Enrollment is limited to students in the M.S. Taxation program or by permission of the Taxation program director.

583. Consolidations and Affiliated Corporations. (3 s.h.)

Prerequisite: Advanced Corporate Taxation I.

Study of federal taxation of consolidated income and the tax regulations which apply to affiliated groups. Topics include: intercompany transactions, inventory adjustments, basis rule for investments in affiliates, disposition of subsidiaries, earnings and profits, and allocations of consolidated taxes.

598-599. Independent Study. (1-6 s.h.)

Prerequisite: approval of the department.

Study in particular aspects of accounting under the direct supervision of a graduate faculty member. No more than six semester hours of independent study may be counted toward degree requirements.

800. Financial Accounting. (3 s.h.)

Note: Enrollment is limited to students matriculated in the E.M.B.A. program. Learn the basic concepts of accounting and financial reporting and how this information is utilized by a manager. Practical considerations occurring in everyday business operations are stressed. Theories of revenue recognition, inventory valuation, intangible assets, and reporting for leases are discussed.

804. Managerial Accounting for Business Decision Making. (3 s.h.)

Note: Enrollment is limited to students matriculated in the E.M.B.A. program. Utilize accounting principles and concepts to make better day-to-day business decisions. Cost behavior, variable margin, cost-volume-profit relationships are examined along with budgeting, break-even, and incremental analysis in today's business decision making environment.

896-899. Directed Study in Accounting. (variable credit)

Prerequisite: permission of the department.

Supervised individual reading and research projects. (Often associated with a seminar in which papers on a variety of topics are presented.)

Actuarial Science

501. Theory of Interest. (3 s.h.)

Prerequisite: Mathematics 086 or equivalent.

Study of generalized interest theory with applications to annuities certain, amortization, depreciation, valuation of securities, and bond yield determinations.

505. Actuarial Models I. (3 s.h.)

Prerequisites: Actuarial Science 501 and Mathematics 433 or equivalent.

Application of probability theory to life insurance and annuities, premiums, reserves, and survival models.

506. Actuarial Models II. (3 s.h.)

Prerequisite: Actuarial Science 505.

Extension of the analysis of Actuarial Models I to multiple-life functions, multiple-decrement theory, loss distribution models, and theory of ruin.

516. Actuarial Models III. (3 s.h.)

Prerequisite: Actuarial Science 506.

Applications of survival and loss distribution models.

518. Casualty Contingencies. (3 s.h.)

Prerequisites: Actuarial Science 501 and Math 433 or equivalent. Corequisite: Math 434.

Mathematics of ratemaking for non-life insurance including fire, homeowners, automobile, workers' compensation and other lines of insurance. Theoretical and practical aspects of credibility, experience rating, exposure units, deductibles, and statistical plans. Emphasis on theory, with the expectation of independent study.

598-599. Independent Study. (1-6 s.h.)

Prerequisite: permission of the Department.

Special study in a particular aspect of actuarial science under faculty supervision. Maximum of six hours may be counted toward degree requirements.

896-899. Directed Study in Actuarial Science. (variable credit)

Prerequisite: permission of the Department.

901-902. Master of Science Thesis. (1-6 s.h.)

Doctor of Philosophy Courses

600. Seminar in Instructional Techniques. (3 s.h.)

This course provides an intensive videotaping/ classroom experience. The course is taught by faculty in the College of Education and is required for graduate students who have classroom teaching responsibilities in SBM.

601. Organizations and Management Theories. (3 s.h.)

Macro perspective of organization theory and micro perspectives of motivation, group processes, and employee issues. Examines the role of professional managers in modern corporate enterprise. Surveys administrative theory from classical to modern thought. Primary emphasis on managerial capitalism and strategic management.

602. Scientific Inquiry in Management Research. (3 s.h.)

Prerequisite: doctoral standing or permission of the instructor.

Prepares students to critically evaluate and eventually conduct sound research. Not a statistics course; it develops an appreciation of the business research process.

603 Foundations in Managerial Economics. (3 s.h.)

Applications of economic theory to planning and decision making in the firm. Designed primarily for, but not limited to, Ph.D. in Business Administration students. Not to be taken in addition to Econ 503.

610 [STAT 555]. Statistical Methods for Business Research I. (3 s.h.)

Statistics 555 and 556: Doctoral level, one-year sequence of courses for those students in Business Administration program.

Prerequisites: Statistics 402, CIS 401, or equivalent. Students must pass a placement examination to enter the course.

Covers a variety of advanced statistical methods useful in business research, including the logistic regression, path analysis, factor analysis, discriminant analysis, log-linear models, and clustering techniques. Emphasis on rationales, assumptions, techniques, and interpretation of results from computer packages. Relevant mathematical results will be presented, but proofs or abstract arguments shall be avoided. The students are required to work with SAS (or equivalent packages) throughout the year. Experience in working with large databases will be acquired through an arrangement of working with each student's own field adviser.

611 [STAT 556]. Statistical Methods for Business Research II. (3 s.h.)

See course description for Stat 555.

612 [STAT 533]. Applied Multivariate Analysis I. (3 s.h.)

Multivariate normal distribution; marginal and conditional distributions; estimation of population mean vector and dispersion matrix; correlation, partial correlation, and multiple correlation coefficients; Hotelling's T2; MANOVA; discriminant function; repeated measurements analysis; principal components and canonical correlation; factor analysis; and multidimensional scaling.

613 [BA 616]. Seminar in Behavioral Research Methods II. (3 s.h.)

Investigates the theory underlying the measurement process and the alternative measurement models while relating different measurement models to analytic models.

614 [STAT 501]. Probability and Statistics Theory I. (3 s.h.)

Prerequisite: calculus.

Topics include basic probability theory and combinatorial problems, generating functions, random variables, probability distributions, law of large numbers, and limit theorems.

615 [STAT 502]. Probability and Statistics Theory II. (3 s.h.)

Prerequisites: calculus and Stat. 501.

A comprehensive development of the theory of statistics, including standard distributions, sampling distributions, general theory of estimation, testing of hypotheses, statistical decision theory, order statistics, linear statistical estimation.

616 [ECON 615]. Econometrics I. (3 s.h.)

Prerequisite: Stat 550.

First course in a two semester sequence. Covers classical linear multiple regression model, including hypothesis testing. Considers traditional topics: testing and correcting for multicollinearity, heteroscedassticity, and autocorrelation, as well as problems of pooled data and simultaneous equations.

617 [ECON 616]. Econometrics II. (3 s.h.)

Prerequisite: Econ 615.

The second course in a two semester sequence. Topics include nonlinear regression, the analysis of economic time series, and models with discrete or limited dependent variables.

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