2017-2018 Academic Catalog 
    
    Feb 22, 2024  
2017-2018 Academic Catalog [Archived Catalog]

Courses


Undergraduate Prerequisites Course Numbering
A “C-” or higher is required in all prerequisite courses 100-299 - Lower division undergraduate
  300-499 - Upper division undergraduate
  500-699 - Graduate
Search Tip 700-799 - Doctoral
Use the asterisk (*) key as a wild card.
Example: Select “Prefix” NURS and enter 6* in the “Code or Number” field to return all Nursing courses at the 600 level.

 

 
  
  • ACCT 210 - Financial Accounting


    Credits: Three (3)
    Prerequisite: ISYS-100, and MATH-116
    This course focuses on how business events affect financial statements by acquiring a working knowledge of basic accounting theory and concepts. Topics include the role of accounting in decision making; the recording procedures that accountants use to organize information for financial statement preparation; and analytical tools and accounting principles to aid in reading and interpreting financial statements.
  
  • ACCT 211 - Managerial Accounting


    Credits: Three (3)
    Prerequisite: ISYS-100, ACCT-210, and MATH-116
    The concepts of managerial accounting are covered in this course. Emphasis is placed on the preparation and use of financial information for planning, decision making and control. The course will address cost classifications, product and service costing methods and systems, profit planning, measuring performance, and the new manufacturing environment.
  
  • ACCT 270 - Intro to Accounting in the St. Louis Region


    Credits: One (1)
    This unique field-based course explores accounting in many professional settings. Students visit a number of companies and hear speakers from a variety of organizations including manufacturing facilities, not-for-profit organizations and a Fortune 500 company. Course requirements include the preparation of a portfolio and a project.


  
  • ACCT 293 - Cooperative Education


    Credits: One (1) to Four (4)
  
  • ACCT 309 - Advanced Managerial Accounting


    Credits: Three (3)
    Prerequisite: ENGL-104, ACCT-211, ECON-201, MGMT-321
    In this course, students obtain, use and critically evaluate financial and non-financial information to make effective business decisions considering strategic, technological and environmental factors.

     

  
  • ACCT 310 - Forensic Accounting and Ethics 1


    Credits: Three (3)
    Prerequisite: ACCT-211; BUS-280; ENGL-104
    This course provides an introduction to the field of forensic accounting and fraud detection and examination. Course content includes an introduction of accounting ethics, fraudulent financial reporting, Foreign corrupt practices act, economic damages, business valuation, money laundering, terrorism and cyber security.
  
  • ACCT 313 - Individual Income Tax


    Credits: Three (3)
    Prerequisite: ACCT-211
    This course emphasizes the federal income taxation of individuals as prescribed in the Internal Revenue Code, related regulations, rulings and case law. The purpose is to develop an understanding of the basic principles and concepts of income taxes, to become acquainted with research skills needed to locate appropriate tax law sources and to apply principles and concepts to tax return preparation.
  
  • ACCT 315 - Financial Data Analytics


    Credits: Three (3)
    Prerequisite: ACCT-211
    Business Intelligence is the transformation of data into information, then intelligence for decisions and finally into action. This course focuses on using Excel as a tool for Business Intelligence.
  
  • ACCT 318 - Financial Reporting 1


    Credits: Three (3)
    Prerequisite: ACCT-211
    An in-depth study of financial accounting topics including time value concepts; valuation of inventories; acquisition and disposition of property, plant, and equipment; intangible assets; and revenue recognition. The transition from U.S. GAAP to IFRS is also discussed.
  
  • ACCT 319 - Financial Reporting 2


    Credits: Three (3)
    Prerequisite: ACCT-318
    An in-depth study of accounting topics including stockholders equity issues, earnings per share valuation, investments, current and long-term liabilities, accounting for income taxes, pensions, leases, post- retirement benefits and statement of cash flows. The transition from U.S. GAAP to IFRS is also discussed.
  
  • ACCT 370 - Accounting in the Saint Louis Region


    Credits: Three (3)
    Prerequisite: ACCT-210
    This unique field-based course explores accounting in many professional settings. Students visit a number of companies and hear speakers from a variety of organizations including manufacturing facilities, not- for-profit organizations and a Fortune 500 company.
    Note: Course requirements include the preparation of a portfolio and paper.
  
  • ACCT 393 - Cooperative Education


    Credits: One (1) to Four (4)
  
  • ACCT 412 - Business Taxes


    Credits: Three (3)
    Prerequisite: ACCT-211
    This course will cover the framework of the federal income tax system and how taxes impact the decision-making process. The class will focus on the fundamental concepts of common tax regulations and provide a broad overview of the taxation of corporations, individuals andflow-through entities. Other topics include the current tax environment, taxation of sole proprietorships, and fringe benefits and investment assets.
  
  • ACCT 414 - Corporate Income Tax


    Credits: Three (3)
    Prerequisite: ACCT-313 or ACCT-412
    This course focuses on the federal income taxation of regular corporations, S corporations and partnerships. Coverage includes tax administration and filing procedures, liability determination, preparation of tax returns, tax research and tax planning considerations.
  
  • ACCT 415 - Accounting Information Systems


    Credits: Three (3)
    Prerequisite: ACCT-211
    This course introduces students to Accounting Information Systems concepts and applications. Topics covered include system development life cycle, AIS design and development, accounting database design, business process analysis, accounting applications,IT security and controls, and accounting requirements for the development of intelligent systems.
  
  • ACCT 417 - Financial Reporting 3


    Credits: Three (3)
    Prerequisite: ACCT-319
    This course covers advanced-level accounting subjects including business combinations, partnerships and accounting for multi-national entities, and segment and interim reporting.
  
  • ACCT 423 - Auditing


    Credits: Three (3)
    Prerequisite: ACCT-318
    This course covers the theory and application of required standards and appropriate procedures used by the independentaccountant to give various degrees of assurance to an organization’s financial information and operations, with a focus on external auditing. The auditor’s responsibilities, work paper preparation, and ethical standards are included in this course.

     

  
  • ACCT 424 - Internal Audit


    Credits: Three (3)
    Prerequisite: ACCT-423
    This course provides an overview of the role and functions of the internal auditor, including compliance and operational auditing; standards, procedures and codes of conduct; organization and administration; internal control issues and risk assessment; and relationships with management and the external auditors.
  
  • ACCT 425 - IT Audit


    Credits: Three (3)
    Prerequisite: ACCT-415
    This course will present the tools, guidelines and techniques used in IT auditing, including the internal control framework, internal and IT controls, technical environment, documentation techniques, assessment of management and application controls, risk assessment and management, and evidence collection and evaluation.


  
  • ACCT 435 - Quickbooks for Accounting Professionals


    Credits: Three (3)
    Prerequisite: ACCT-211
    Students learn basic and advanced features of QuickBooks small business accounting software. Topics include how accounting professionals work efficiently with multiple QuickBooks clients, customizing QuickBooks to meet client requirements, reviewing and adjusting client balances, managing client’s fixed assets, using the audit trail to track client errors, implementing security and controls, and using remote access.
  
  • ACCT 440 - Enterprise Risk Mgmt and Controls


    Credits: One (1)
    Prerequisite: ACCT-211
    The focus of this course is on understanding an entity and its environment, including the identification and assessment of risk. Topics covered include the COSO framework, entity level controls, and the effect that information technology has on an organization’s controls.
  
  • ACCT 455 - Advanced IT Audit


    Credits: Three (3)
    The purpose of this course is to help prepare students for a successful career in public practice, industry or government by understanding how to audit, use and participate in the design of accounting information systems. The course will also help students learn how to assess and consider the impact of IT governance, risk and compliance on accounting functions, focusing on how IT affects business processes and controls.
  
  • ACCT 456 - Financial Statement Analysis I


    Credits: One (1)
    Prerequisite: ACCT-211
    This course provides the skills necessary to become familiar with the content of financial information provided in an annual report and the most common filings required by the Securities and Exchange Commission. Topics also covered include analyzing the balance sheet and income statement, profitability, traditional ratio analysis and interpretation, and common size financial statements.
  
  • ACCT 457 - Financial Statement Analysis II


    Credits: One (1)
    Prerequisite: ACCT-211
    This course provides the skills necessary to interpret financial statement information by focusing on the statement of cash flows and the notes that accompany the required financial statements. Additional topics include accounting alternatives available for inventory, long-lived assets and stock options, adjusting financial statements for comparability, and an overview of disclosures required for leases, pension plans, income taxes, debt and operating segments.
  
  • ACCT 458 - Forensic Accounting and Ethics 2


    Credits: Three (3)
    Prerequisite: ACCT-310
    This course provides an overview of the field of forensic accounting and fraud detection and examination. Course content includes evidence gathering, analysis of financial information and documentation, data analytics, investigative methods, the legal elements of fraud, and interviewing and reporting skills.

     

  
  • ACCT 461 - Accounting for Not-For-Profit Entities


    Credits: One (1)
    Prerequisite: ACCT-211
    This course provides an overview of the accounting, auditing and reporting issues of not-for-profit entities. Topics include the preparation of financial statements, challenges of accounting, and funds used.
  
  • ACCT 463 - Performance Management


    Credits: One (1)
    Prerequisite: ACCT-211
    This course examines the analysis of financial statements to identify the critical success factors of an organization and develop measures that can be tracked over time. Students learn to use these measures to assess the progress made in achieving specific targets that are linked to the organization’s vision.
  
  • ACCT 468 - Estate and Trust Taxation


    Credits: One (1)
    Prerequisite: ACCT-211
    This course covers the fundamentals of estate, trust and gift taxation, including the components of taxable income, computation of tax liability and use of appropriate tax forms.
  
  • ACCT 470 - Volunteer Tax Preparation


    Credits: One (1)
    Prerequisite: ACCT-211
    This course is an overview of individual Federal and Missouri income tax return preparation, including filing status, appropriate tax forms and basic credits. This course requires studentsto perform volunteer tax preparation.
  
  • ACCT 478 - International Accounting


    Credits: One (1)
    This course explores topics in the area of international accounting.
  
  • ACCT 485 - Adv Accounting Information Systems


    Credits: Three (3)
    Prerequisite: ACCT-415 and SENIOR STATUS
    Advanced Accounting Information Systems builds on the introductory Accounting Information Systems course, focusing on emerging trends and technologies in accounting information systems and current developments in the field.
  
  • ACCT 491 - Account theory (Capstone)


    Credits: Three (3)
    Prerequisite: ACCT-309, ACCT-310, ACCT-318, ACCT-319, ACCT-423, FIN-312, Senior Status
    (ACCT-423 may be taken concurrently)

    The capstone course integrates previous course material from financial and managerial accounting, auditing, taxation, international financial reporting standards and related accounting courses. The case- oriented class involves a wide variety of issues facing accountants today.
  
  • ACCT 493 - Cooperative Education


    Credits: One (1) to Four (4)
  
  • ACCT 496 - Independent Study


    Credits: One (1) to Four (4)
  
  • ACCT 497 - Special Topics


    Credits: Three (3)
    Prerequisite: ACCT-211
  
  • ACCT 499 - Internship


    Credits: One (1) to Four (4)
  
  • ACCT 509 - Financial Accounting


    Credits: Three (3)
    The fundamentals of accounting and the methods of reporting are covered in this course. Measurement of periodic net income and financial position and the reporting of the results to stockholders and creditors are key objectives. This course serves as an introduction to accounting for those students with no background or work experience in accounting.
  
  • ACCT 610 - Accounting for Managers


    Credits: Three (3)
    Prerequisite: ACCT-509
    The basic foundations of managerial accounting to aid in planning, implementing, controlling and evaluating an organizations goals and objectives are covered in this course.
    NOTE: Computer spreadsheet proficiency required


  
  • ACCT 614 - Tax Planning and Decision Making


    Credits: Three (3)
    Prerequisite: ACCT-610
    This course will focus on the fundamental concepts of common tax regulations and provide a broad overview of corporate and partnership taxation and individual tax planning issues. Specific topics include: the framework of the tax system; fundamentals of tax planning; the taxation of sole proprietorships, flow-through entities and corporations; and the tax treatment of fringe benefits and investment assets.
  
  • ACCT 616 - Financial Reporting 3


    Credits: Three (3)
    This course covers advanced-level accounting subjects, including business combinations, partnerships and accounting for multi-national entities; and segment and interim reporting.
  
  • ACCT 618 - Strategic Accounting Issues


    Credits: Three (3)
    Prerequisite: ACCT-610
    This course deals with the role that the accounting function plays in achieving the strategic goals of an organization. It also explores the issues of corporate governance, including the impact of the Sarbanes-Oxley Act and the interactions among management, auditors and the audit committee.
  
  • ACCT 620 - Financial Statement Analysis


    Credits: Three (3)
    Prerequisite: ACCT-610
    This course will provide the skills necessary to interpret and analyze financial statement information by discussing the four key financial statementsand analyzing the financial information to evaluate profitability, liquidity and risk. Topics also covered include traditional ratio analysis and interpretation, accounting rules and quality of earnings, warning signs of financial distress, and SEC reporting requirements.
  
  • ACCT 650 - Accounting Research and Communication


    Credits: Three (3)
    This course will use various sources of authoritative guidance to resolve complex, professionally oriented problems that include auditing, financial reporting, and taxation. Students will analyze numerous unstructured cases and present their conclusions with written reports and oral presentations. 

     

  
  • ACCT 660 - Data Analytics


    Credits: Three (3)
    This course serves as an introduction to data analytics. Data analytics is generally defined as the use of data, quantitative analysis, and modeling to drive business decisions. Specific data mining techniques to illustrate business decision-making situations is discussed.

     

  
  • ACCT 670 - Advanced Auditing


    Credits: Three (3)
    This course provides a review of auditing procedures, auditing standards generally accepted in the United States (GAAS) and other standards related to attestation engagements. This course must be taken during the last twelve credit hours of the program.

     

  
  • ACCT 672 - Advanced Business Environment & Concepts


    Credits: Three (3)
    This course provides a review of business structure; economic concepts essential to understanding an entity’s operation, business and industry; financial management; information technology; and planning and measurement. This course must be taken during the last twelve credit hours of the program.

     

  
  • ACCT 674 - Advanced Financial Accounting and Reporting


    Credits: Three (3)
    This course provides a review of accounting principles generally accepted in the United States (GAAP) that affect business enterprises, not-for-profit organizations and government entities. This course must be taken during the last twelve credit hours of the program.

     

  
  • ACCT 676 - Advanced Accounting Regulation


    Credits: Three (3)
    This course provides a review of taxation, ethics, professional and legal responsibilities, and business law. Topics address CPAs’ professional and legal responsibilities, and legal implications of business transactions, particularly as they relate to accounting and auditing. This course must be taken during the last twelve credit hours of the program.

     

  
  • ACCT 697 - Special Studies


    Credits: Three (3)
  
  • ACSC 151 - Calculus I


    Credits: Four (4)
    Prerequisite: Actuarial Science Major
    Topics include concepts of limit and continuity; derivatives and their applications; chain rule; implicit differentiation; linearization and differentials; extreme values of functions; monotony and concavity of functions; the mean value theorem; indefinite integrals and substitution method; fundamental theorems of calculus; definite integrals and applications.
    Cross-listed: MATH-151
  
  • ACSC 201 - Math Models with Tech I


    Credits: Three (3)
    Prerequisite: MATH/ACSC-151
    Students receive basic training in standard office software. A variety of real-life math models will provide the context for developing spreadsheet proficiency, including functions and formulas, statistical analysis, numerical solutions, optimization, and graphical output. Other areas to be covered include database applications and basic application programming techniques.
    Cross-listed: MATH-201
  
  • ACSC 213 - Topics in Actuarial Science


    Credits: Three (3)
    “Topics in Actuarial Science” is intended to be ongoing and taught every semester.  Students can take this one-credit course multiple times for credit; initially up to two times.  The course is open to actuarial science majors who are sophomores and above.  The course will be a combination of guest lecturers (drawn from industry and professional leaders from around the country) and discussions led by me.  Additionally, each student will be asked to participate in one group project.
    Cross-listed: ACSC 413
  
  • ACSC 293 - Cooperative Education


    Credits: One (1) to Four (4)
    Cooperative education courses may be taken before a student’s major, minor and General Education requirements are completed, but they are not counted as part of those requirements.
    Cross-listed: MATH-293, MATH-393
  
  • ACSC 296 - Independent Study


    Credits: One (1) to Four (4)
  
  • ACSC 297 - Special Studies


    Credits: One (1) to Four (4)
  
  • ACSC 298 - Actuarial Studies


    Credits: Two (2)
  
  • ACSC 299 - Internship


    Credits: Three (3)
    Actuarial Internship course is designed for actuarial students to integrate actuarial academic to actuarial professional through internship experiences. Students will work on weekly internship journals under the guidance of supervisor on site and actuarial faculty.
  
  • ACSC 301 - Math Models with Tech II


    Credits: Three (3)
    Prerequisite: MATH/ACSC-201
    This course complements and continues the technical computer training offered in ACSC/MATH 201. The content focuses on business applications including finance, statistics, and mathematical modeling. The applications provide the context for developing programming skills, using the Visual Basic Applications language as the programming vehicle.
    Cross-listed: MATH-301
  
  • ACSC 305 - Insurance and Risk


    Credits: Three (3)
    This course introduces the student to the fundamental principles of insurance and risk.  Students receive a thorough introduction to risk concepts, as well as life, health, and property and casualty insurance, and retirement plans. Group projects, guest lecturers and outside readings supplement the text. This course helps prepare students for Online Course 1 (CA1) – Risk Management and Insurance Operations, offered by the Casualty Actuarial Society.
  
  • ACSC 370 - Mathematical Statistics I


    Credits: Three (3)
    Prerequisite: MATH-152
    Corequisite: MATH-152

    This is the first in a sequence of three one-semester courses on mathematical statistics. Topics include counting for probability; conditional probability and Bayes’ Theorem; discrete random variables and their applications; Binomial distribution; Hypergeometric distribution; Poisson distribution; Geometric distribution; Negative binomial distribution; distributions of functions of random variables; and moment generating functions; continuous random variables and their applications. ACSC 370 and ACSC 371 (along with Calculus) cover all of the learning objectives contained in Examination P (Probability) of the Society of Actuaries.
    Note: The course is calculus-based
    Cross-listed: MATH-370
  
  • ACSC 371 - Mathematical Statistics II


    Credits: Three (3)
    Prerequisite: MATH/ACSC-370
    This course should be taken in sequence with MATH 370. Topics include continuous distributions and their applications; uniform distribution, exponential distribution, Gamma distribution, normal distribution and others; central limit theorem; order statistics; mixed distributions; multivariate distributions; marginal distributions; conditional distributions; joint moment generating functions; double expectation theorems. ACSC 370 and ACSC 371 (along with Calculus) cover all of the learning objectives contained in Examination P (Probability) of the Society of Actuaries. ACSC 371 also covers some of the statistical content contained in Examination C (Construction of Actuarial Models) of the SOA.
    Cross-listed: MATH-371
  
  • ACSC 372 - Mathematical Statistics III


    Credits: Three (3)
    Prerequisite: MATH/ACSC-371
    This is the third course of the mathematical statistics sequence. Topics include basic concepts of inference such as point and interval estimation of parameters, statistical hypotheses and statistical tests; inferences for single samples; inference for two samples; inferences for proportion and count data; simple linear regression and advance estimation methods including Moment, Maximum Likelihood, and Bayesian Estimation.  This course emphasizes the applications of the theory to statistics and estimation, and prepares the student for the portion of Society of Actuaries Examination C (Construction of Actuarial Models) on probability and estimation. 
    Note: This course is calculus-based.
    Cross-listed: MATH-372
  
  • ACSC 393 - Cooperative Education


    Credits: One (1) to Four (4)
    Cooperative education courses may be taken before a student’s major, minor and General Education requirements are completed, but they are not counted as part of those requirements.
    Cross-listed: MATH-293, MATH-393, ACSC-293
  
  • ACSC 394 - Actuarial Seminar I


    Credits: Three (3)
    Prerequisite: ACSC/MATH -370
    The primary objective of this course is to prepare students to pass Society of Actuaries Examination P (Probability).  Students should be able to solve problems involving the rules of differential and integral calculus for one and several variables, normal distribution with its application, joint and marginal distributions, and univariate and multivariate probability distributions.
    Note: This course is for actuarial science majors only.
  
  • ACSC 396 - Independent Study


    Credits: One (1) to Four (4)
  
  • ACSC 399 - Internship


    Credits: Three (3)
    Prerequisite: ACSC-299
    Actuarial Internship course is designed for actuarial students to integrate actuarial academic to actuarial professional through internship experiences. Students will have a midterm report and a final internship project under the guidance of supervisor on site and actuarial faculty.
  
  • ACSC 401 - Intro to Enterprise Risk MGMT


    Credits: Three (3)
    Prerequisite: ACSC 416
    This course is designed for students (a) who have taken ACSC 416 (Corporate Finance) or (b) are senior ACSC majors.  Content is from the ERM text covered in the FAP syllabus of the SOA, the first time an aspiring actuary studies ERM.  The course also includes guest lecturers, small group projects, and a capstone class project selected by the students.
  
  • ACSC 405 - Statistical Modeling I


    Credits: Three (3)
    Prerequisite: ACSC/MATH-371
    This course focuses on model development, interpretation, understanding assumptions and evaluation of competing models. Topics include simple and multiple linear regressions, hypothesis testing, confidence intervals in linear regression models, testing of models, data analysis and appropriateness of models, linear time series models, moving average, autoregressive and ARIMA models, estimation, data analysis and forecasting with time series models, forecast errors and confidence intervals. Students who receive a B- or higher in this course are eligible to receive VEE (Validation by Education Experience) credit from the Society of Actuaries in the topic of Applied Statistics.
    Note: To receive credit for the subject from the Society of Actuaries, students will need a grade of B- or better.
    Cross-listed: MATH-405
  
  • ACSC 406 - Statistical Modeling II


    Credits: Three (3)
    Prerequisite: MATH/ACSC-405
    ACSC 406 and ACSC 407 cover the material on Examination C (Construction of Actuarial Models) of the Society of Actuaries.  Topics include constructing empirical models; estimating the parameters of failure time and loss distribution using different methods such as maximum likelihood method of moments, Kaplan-Meier estimator, Nelson- Aalen estimator and kernel density estimators; determining the acceptability of a fitted model; comparing models using graphical procedures, Kolmogorov-Smirnov test, Chi-square goodness of fit test, likelihood ratio test, Schwarz Bayesian criterion, and Akaike Information criterion.
    Cross-listed: MATH-406
  
  • ACSC 407 - Credibility and Simulation


    Credits: Three (3)
    Prerequisite: ACSC/MATH 372
    This course, combined with ACSC 406, will cover all of the learning objectives contained in Examination C (Construction of Actuarial Models) of the Society of Actuaries. Topics include limited fluctuation (classical) credibility; Bayesian analysis using both discrete and continuous models; Bühlmann and Bühlmann-Straub models; conjugate priors in Bayesian analysis and in particular the Poisson-gamma model; empirical Bayesian methods in the nonparametric and semiparametric cases; simulation of both discrete and continuous random variables using the inversion method; simulation of discrete mixtures, decrement tables, the (a,b,0) class, normal and lognormal distributions;  estimation of the number of simulations needed to obtain an estimate with a given error and a given degree of confidence; using simulation to determine the p-value for a hypothesis test; using the bootstrap method to estimate the mean squared error of an estimator.
  
  • ACSC 410 - Enterprise Risk Management


    Credits: Three (3)
    “Introduction to Enterprise Risk Management” is designed for students (a) who have taken ACSC 416 (Corporate Finance) or (b) are senior actuarial science majors.  Content is from the ERM text covered in the FAP syllabus of the SOA, the first time an aspiring actuary studies ERM.  The course also includes guest lecturers, small group projects, and a capstone class project selected by the students.
  
  • ACSC 411 - Derivative Market


    Credits: Three (3)
    Prerequisite: Advisor Approval
    The course covers the theoretical basis of certain actuarial models and the application of those models to insurance and other financial risks. Topics include interest rate models, rational valuation of derivative securities, simulation, and risk management techniques. A thorough knowledge of calculus, probability, and interest theory is assumed. Basic knowledge of risk management is also assumed.  This course covers many of the learning objectives contained in Examination MFE (Models for Financial Economics) of the Society of Actuaries.
  
  • ACSC 412 - Predictive Modeling


    Credits: Three (3)
    Prerequisite: MATH/ACSC 372
    Statistical modeling will be a powerful (and critical) tool for the next generation of actuarial scientists, as well as professionals working in other fields that deal with large amounts of data (e.g. health care, bioinformatics, biotechnology and chemical engineering). Many disciplines have developed tools that allow the generation of massive amounts of data, and the ability to use statistical modeling to analyze this data is in high demand. This course will prepare students with the fundamental statistical techniques and real life examples. Generalized linear model will be the main focus, but advanced models, such as CART and data clustering, will be discussed as well. Students will gain a thorough understanding of predictive modeling and its applications (in particular in the field of insurance), and will be well prepared for professional work.
    Cross-listed: MATH 412
  
  • ACSC 413 - Topics in Actuarial Science


    Credits: Three (3)
    “Topics in Actuarial Science” is intended to be ongoing, and taught every semester.  Students can take this one-credit course multiple times for credit; initially up to two times.  The course is open to actuarial science majors who are sophomores and above.  The course will be a combination of guest lecturers (drawn from industry and professional leaders from around the country) and discussions led by me.  Additionally, each student will be asked to participate in one group project.
    Cross-listed: ACSC 213
  
  • ACSC 414 - Theory of Interest


    Credits: Three (3)
    Prerequisite: ACSC/MATH 151
    This course covers the mathematical theory of compound interest with applications to investments. Topics include accumulation of interest in discrete and continuous time, nominal and effective interest, present and future values, and annuities. ACSC 414 and ACSC 415 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries.
  
  • ACSC 415 - Financial Mathematics I


    Credits: Three (3)
    Prerequisite: ACSC-414
    This course covers the mathematical theory of compound interest with applications to investments and corporate finance. Topics include amortization of loans sinking fund, price of bonds, amortization of premium, accumulation of discount, interest rate swaps and determinants of interest rates; the dollar weighted return, time-weighted rate of return, duration and convexity of cash flows; constructing an investment portfolio to fully immunize set of liability cash flows. ACSC 414 and ACSC 415 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries.
  
  • ACSC 416 - Financial Mathematics II


    Credits: Three (3)
    Prerequisite: ACSC-415
    This course introduces the student to the theory and practice of Corporate Finance. Topics include definitions of key financing terms and concepts; dividend policy; impact of financing policies on capital structure; characteristics and definitions of key financing instruments; structure and financing of a stock company; calculation of stock values; and measures and assessment of financial performance. Students who receive a B- or higher in this course are eligible to receive VEE (Validation by Education Experience) credit from the Society of Actuaries in the topic of Corporate Finance.
  
  • ACSC 416H - Financial Mathematics II


    Credits: Four (4)
    Prerequisite: ACSC-414; Honors status
    Cross-listed: ACSC-416
  
  • ACSC 421 - Actuarial Modeling I


    Credits: Three (3)
    Prerequisite: ACSC-371, and ACSC-414
    This course is the first of two courses in actuarial modeling, designed to develop students’ knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include survival models, life tables, mortality rates, life insurance, life annuities, benefit premiums, and benefit reserves. ACSC 421 and ACSC 422 cover all of the learning objectives contained in Examination MLC (Models for Life Contingencies) of the Society of Actuaries.
  
  • ACSC 422 - Actuarial Modeling II


    Credits: Three (3)
    Prerequisite: ACSC-421
    This course is the second part of two courses in actuarial modeling designed to develop the student’s knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include analysis of benefits reserves, multiple life functions, multiple decrement models, frequency and severity models, compound distribution models, Poisson process models, insurance models including expenses and Markov chain models. ACSC 421 and ACSC 422 cover all of the learning objectives contained in Examination MLC (Models for Life Contingencies) of the Society of Actuaries.
  
  • ACSC 493 - Cooperative Education


    Credits: One (1) to Four (4)
    Cooperative education courses may be taken before a student’s major, minor and General Education requirements are completed, but they are not counted as part of those requirements.
    Note: .
    Cross-listed: MATH-293, MATH-393, ACSC-293
  
  • ACSC 495 - Acturaial Seminar II


    Credits: Three (3)
    Prerequisite: ACSC-415
    The primary objective of this course is to prepare students to pass Society of Actuaries Examination FM (Financial Mathematics).  Students will learn techniques to calculate various rates of interest, present values, future values and options. Students will understand key procedures of financial mathematics including annuity, amortization schedules, bonds and options.
    Note: This course is for actuarial science majors only.
  
  • ACSC 496 - Acturaial Seminar III


    Credits: Three (3)
    Prerequisite: Pass exam P, exam FM
    Actuarial Seminar III for exam MLC
  
  • ACSC 497 - Acturaial Seminar IV


    Credits: Three (3)
    Prerequisite: Pass exam P, exam FM
    Actuarial Seminar IV for exam C
  
  • ACSC 499 - Internship


    Credits: Three (3)
    Prerequisite: ACSC 399
    Actuarial Internship course is designed for actuarial students to integrate actuarial academic to actuarial professional through internship experiences. Students will have an internship research presentation under the guidance of supervisor on site and actuarial faculty.
  
  • ACSC 505 - Statistical Modeling I (VEE)


    Credits: Three (3)
    Prerequisite: ACSC/MATH 371
    This course focuses on model development, interpretation, understanding assumptions and evaluation of competing models. Topics include simple and multiple linear regressions, hypothesis testing, confidence intervals in linear regression models, testing of models, data analysis and appropriateness of models, linear time series models, moving average, autoregressive and ARIMA models, estimation, data analysis and forecasting with time series models, forecast errors and confidence intervals. A presentation of one project is required for the course. Students who receive a B- or higher in this course are eligible to receive VEE (Validation by Education Experience) credit from the Society of Actuaries in the topic of Applied Statistics.
    Note: This course is for graduate students only
    Cross-listed: MATH 505
  
  • ACSC 506 - Statistical Modeling II


    Credits: Three (3)
    Prerequisite: ACSC/MATH-505
    ACSC 506 and ACSC 607 cover the material on Examination C (Construction of Actuarial Models) of the Society of Actuaries.  Topics include constructing empirical models; estimating the parameters of failure time and loss distribution using different methods such as maximum likelihood method of moments, Kaplan-Meier estimator, Nelson- Aalen estimator and kernel density estimators; determining the acceptability of a fitted model; comparing models using graphical procedures, Kolmogorov-Smirnov test, Chi-square goodness of fit test, likelihood ratio test, Schwarz Bayesian criterion, and Akaike Information criterion.  A presentation of one project is required for the course.
    Note: This course is for graduate students only
    Cross-listed: MATH-506
  
  • ACSC 510 - Risk Theory


    Credits: Three (3)
    This course introduces the students to risk theory as it applies, under specified assumptions, to insurance. Topics include individual and collective risk models for single and extended periods, expense loaded premiums, liabilities and asset shares, Markov chains.
    Cross-listed: MATH 510
  
  • ACSC 512 - Predictive Modeling


    Credits: Three (3)
    Prerequisite: MATH/ACSC 372/572
    Statistical modeling will be a powerful (and critical) tool for the next generation of actuarial scientists, as well as professionals working in other fields that deal with large amounts of data (e.g. health care, bioinformatics, biotechnology and chemical engineering). Many disciplines have developed tools that allow the generation of massive amounts of data, and the ability to use statistical modeling to analyze this data is in high demand. This course will prepare students with the fundamental statistical techniques and real life examples. Generalized linear model will be the main focus, but advanced models, such as CART and data clustering, will be discussed as well. Students will gain a thorough understanding of predictive modeling and its applications (in particular in the field of insurance), and will be well prepared for professional work. A presentation of one project is required for the course.
    Note: This course is for graduate students only
    Cross-listed: MATH 512
  
  • ACSC 514 - Theory of Interest


    Credits: Three (3)
    Prerequisite: MATH 151 or Permission of Program Director
    This course covers the mathematical theory of compound interest with applications to investments. Topics include accumulation of interest in discrete and continuous time, nominal and effective interest, present and future values, and annuities. ACSC 514 and ACSC 515 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries. A presentation of one project is required for the course.
    Note: This course is for graduate students only.
    Cross-listed: MATH 514
  
  • ACSC 515 - Financial Mathematics I


    Credits: Three (3)
    Prerequisite: ACSC/MATH 514
    This course covers the mathematical theory of compound interest with applications to investments and corporate finance. Topics include amortization of loans sinking fund, price of bonds, amortization of premium, accumulation of discount, interest rate swaps and determinants of interest rates; the dollar weighted return, time-weighted rate of return, duration and convexity of cash flows; constructing an investment portfolio to fully immunize set of liability cash flows. ACSC 514 and ACSC 515 cover all of the learning objectives contained in Examination FM (Financial Mathematics) of the Society of Actuaries. A presentation of one project is required for the course.
    Note: This course is for graduate students only.
    Cross-listed: MATH 515
  
  • ACSC 516 - Financial Mathematics II


    Credits: Three (3)
    Prerequisite: MATH/ACSC 515
    This course introduces the student to the theory and practice of Corporate Finance. Topics include definitions of key financing terms and concepts; dividend policy; impact of financing policies on capital structure; characteristics and definitions of key financing instruments; structure and financing of a stock company; calculation of stock values; and measures and assessment of financial performance. A presentation of one project is required for the course. Students who receive a B- or higher in this course are eligible to receive VEE (Validation by Education Experience) credit from the Society of Actuaries in the topic of Corporate Finance.
    Note: This course is for graduate students only.
    Cross-listed: MATH 516
  
  • ACSC 521 - Actuarial Modeling I


    Credits: Three (3)
    Prerequisite: ACSC 371 ACSC 415
    This course is the first of two courses in actuarial modeling, designed to develop students’ knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include survival models, life tables, mortality rates, life insurance, life annuities, benefit premiums, and benefit reserves.  A presentation of one project is required for the course.
    Note: This course is for graduate students only
    Cross-listed: MATH 521
  
  • ACSC 522 - Actuarial Modeling II


    Credits: Three (3)
    Prerequisite: ACSC-521
    This course is the second of two courses in actuarial modeling designed to develop the student’s knowledge in the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include analysis of benefits reserves, multiple life functions, multiple decrement models, frequency and severity models, compound distribution models, Poisson process models, insurance models including expenses and Markov chain models. A presentation of one project is required for the course.
    Note: This course is for graduate students only
    Cross-listed: MATH 522
  
  • ACSC 570 - Math Statistics I


    Credits: Three (3)
    This is the first in a sequence of two one-semester courses on mathematical statistics (ACSC 571 is the second course). Topics
    include distribution of random variables; conditional probability and marginal distributions; stochastic independence;
    distributions of functions of random variables; and sampling theory. The course is calculus-based.  ACSC 570 and ACSC 571 (along
    with Calculus) cover all of the learning objectives contained in Examination P (Probability) of the Society of Actuaries.
  
  • ACSC 571 - Math Statistics II


    Credits: Three (3)
    This is the second in a sequence of two one-semester courses on mathematical statistics (ACSC 570 is the first course). Topics
    include order statistics and maximum likelihood estimators; sampling distributions of estimators; point and interval estimation of parameters;
    statistical hypotheses; and statistical tests, including uniformly most powerful tests.  ACSC 570 and ACSC 571 (along with Calculus) cover all
    of the learning objectives contained in Examination P (Probability) of the Society of Actuaries.  ACSC 571 also covers some of the
    statistical content contained in Examination C (Construction of Actuarial Models) of the SOA.
  
  • ACSC 572 - Mathematical Statistics III


    Credits: Three (3)
    Prerequisite: Permission of Program Director, ACSC Graduate students only
    Topics include classical basic concepts of inference, inference for single samples, inference for two samples, inferences for proportion, simple linear regression and advance estimation methods including Moment, Maximum Likelihood, and Bayesian Estimation. This course is calculus-based. A presentation of one project is required for the course.
    Note: This course is for graduate students only.
    Cross-listed: MATH-372
  
  • ACSC 593 - Cooperative Education


    Credits: One (1) to Six (6)
    This course will be offered with the Career Education Office. Students are expected to report to the advisor the experience they gain from the internship. The final written project about the internship experience is required.
  
  • ACSC 594 - Acturaial Seminar I


    Credits: Three (3)
    Prerequisite: ACSC-371 or MATH-371 or concurrent with ACSC-371/MATH-371; and Permission of Program Director
    The primary objective of this course is to prepare students to pass Society of Actuaries Examination P (Probability).  Students should be able to solve problems involving the rules of differential and integral calculus for one and several variables, normal distribution with its application, joint and marginal distributions, and univariate and multivariate probability distributions.  A presentation of one project is required for the course. This course is for actuarial science majors and graduate students only.
  
  • ACSC 595 - Acturaial Seminar II


    Credits: Three (3)
    Prerequisite: ACSC-515 and Permission of the Program Director
    The primary objective of this course is to prepare students to pass Society of Actuaries Examination FM (Financial Mathematics).  Students will learn the techniques to calculate various rates of interest, present value, future value and options. Students will understand key procedures of financial mathematics including annuity, amortization schedules, bonds and options.  A presentation of one project is required for the course. This course is for actuarial science majors and graduate students only.
 

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