2010-2011 Academic Catalog 
    
    Apr 19, 2024  
2010-2011 Academic Catalog [Archived Catalog]

Courses


 
  
  • ACCT 210 - FINANCIAL ACCOUNTING


    Credits: Three
    Prerequisite: ISYS 100, 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
    Prerequisite: ISYS 100, ACCT 210, 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 293 - CO-OPERATIVE EDUCATION


    Credits: Variable between 1 and 4
  
  • ACCT 305 - PROFESSIONAL PORTFOLIO PREPARATION


    Credits: One
    Prerequisite: ACCT 211- Sophomore Status
    This course begins the preparation of the Professional Portfolio Project using the AICPA competencies for those entering the accounting profession. The Professional Portfolio Project is required for ALL Accounting majors and recommended for Accounting Information Systems majors. The Professional Portfolio Project is enhanced in upper-level accounting courses and completed during Accounting Theory (ACCT 491). All accounting majors are required to complete a Professional Portfolio using the guidelines provided in the course.
    Note: Students are encouraged to take the course early in their program.
  
  • ACCT 315 - BUSINESS INTELLIGENCE USING EXCEL


    Credits: Three
    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.
    Cross-listed: See ISYS 315
  
  • ACCT 318 - INTERMEDIATE ACCOUNTING I


    Credits: Three
    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 - INTERMEDIATE ACCOUNTING II


    Credits: Three
    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 STL REGION


    Credits: Three
    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 - CO-OPERATIVE EDUCATION


    Credits: Variable between 1 and 4
  
  • ACCT 409 - COST ACCOUNTING


    Credits: Three
    Prerequisite: ACCT 211, MGMT 321
    Accounting methods used to collect cost data, classify it, and use this collection of data for managerial decision making.
  
  • ACCT 412 - TAX PLANNING & DECISION MAKING


    Credits: Three
    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 and flow-through entities. Other topics include the current tax environment, taxation of sole proprietorships, and fringe benefits and investment assets.
  
  • ACCT 413 - INDIVIDUAL INCOME TAX


    Credits: Three
    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 414 - CORPORATE INCOME TAX


    Credits: Three
    Prerequisite: ACCT 412 or ACCT 413
    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
    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, AIS security and controls, and accounting requirements for the development of intelligent systems.
  
  • ACCT 417 - ADVANCED TOPICS IN ACCOUNTING


    Credits: Three
    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
    Prerequisite: ACCT 318 or ACCT 319
    This course covers the theory and application of required standards and appropriate procedures used by the independent auditor to give various degrees of assurance to an organization’s financial information and operations; includes the auditor’s duties, responsibilities and ethical behavior.
  
  • ACCT 424 - INTERNAL AUDIT


    Credits: Three
    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
    Prerequisite: ACCT 415
    This course is an introduction to IT auditing and control, including the IT audit process, the legal environment of IT auditing, security and privacy, and IT governance and control.
  
  • ACCT 435 - QUICKBOOKS FOR ACCOUNTING PROFESSIONALS


    Credits: Three
    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 & CONTROLS


    Credits: One
    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 450 - ACCOUNTING FOR SMALL BUSINESS


    Credits: One
    Prerequisite: ACCT 211
    This course will focus on the considerations, decisions, and procedures involved in starting a small business, with emphasis on the practical and tax aspects. Topics include the factors contributing to small business success, business entity choices, payroll and payroll taxes, small business accounting considerations, and small business pension plans.
  
  • ACCT 454 - ETHICAL ISSUES IN ACCOUNTING


    Credits: One
    Prerequisite: ACCT 211
    This course provides an examination and application of the ethical issues facing the accounting profession. Topics include rules of professional conduct, corporate governance and the impact of the Sarbanes-Oxley Act on the profession.
  
  • ACCT 456 - FINANCIAL STATEMENT ANALYSIS I


    Credits: One
    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
    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 FINDING FRAUD


    Credits: One credit
    Prerequisite: ACCT 423
    This course provides an overview of the field of forensic accounting and insight into the nature of fraud and the mind-set necessary to discover and prevent it.  The course will expand upon the skills developed in the financial statement auditing.
  
  • ACCT 460 - ACCOUNTING FOR GOVRNMNTL ENTITIES


    Credits: One
    Prerequisite: ACCT 211
    This course provides an overview of the accounting and financial reporting issues of governmental entities. Topics include accounting for operating activities, capital projects and debt service; preparation of financial statements; and auditing governmental organizations.
  
  • ACCT 461 - ACCOUNTING FOR NOT-FOR-PROFIT ENTITIES


    Credits: One
    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
    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 464 - RESEARCHING ACCOUNTING ISSUES


    Credits: One
    Prerequisite: ACCT 211
    This course examines the many research tools, including computer based and written material, used by accountants. Students use a wide variety of resources in the areas of financial reporting, taxation and auditing.
  
  • ACCT 465 - CYBER FORENSICS


    Credits: One
    Prerequisite: ACCT 415
    This course provides an overview to Cyber Forensics by exploring tools and techniques to investigate, examine, audit, control and maintain IT system security.
  
  • ACCT 468 - ESTATE & TRUST TAXATION


    Credits: One
    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
    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 students to perform volunteer tax preparation.
  
  • ACCT 475 - IT SECURITY: SAFEGUARDING INFO ASSETS


    Credits: One
    Prerequisite: ACCT 415
    Students will learn the principles and processes behind Information Security Management Systems as well as management processes in protecting a company’s information assets. This course includes principles, concepts, technologies and management processes in establishing, implementing and documenting the Information Security Management Systems and asset management.
  
  • ACCT 485 - ADV ACCOUNTING INFORMATION SYSTEMS


    Credits: Three
    Prerequisite: ACCT 415 - 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 - ACCOUNTING THEORY (CAPSTONE)


    Credits: Three
    Prerequisite: ACCT 305, ACCT 319, ACCT 409, ACCT 423, FIN 312, SENIOR STATUS
    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 - CO-OPERATIVE EDUCATION


    Credits: Variable between 1 and 4
  
  • ACCT 496 - INDEPENDENT STUDY


    Credits: Variable between 1 and 4
  
  • ACCT 497 - SPECIAL TOPICS


    Credits: Three
    Prerequisite: ACCT 211
  
  • ACCT 499 - INTERNSHIP


    Credits: Variable between 1 and 4
  
  • ACCT 509 - FINANCIAL ACCOUNTING


    Credits: Three
    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 - MANAGERIAL ACCOUNTING


    Credits: Three
    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 & DECISION MAKING


    Credits: Three
    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 617 - ENTERPRISE RISK MANAGEMENT


    Credits: Three
    Prerequisite: ACCT 610
    This course explores the emerging practice of Enterprise Risk Management (ERM), a framework that is applied across an entire organization to manage risks. This course will focus on identifying and assessing risk; developing an ERM framework; and implementing and determining the effectiveness of an ERM program. Additional topics include the roles and responsibilities of management, the board, and other entity personnel; and implementation challenges.
  
  • ACCT 618 - STRATEGIC ACCOUNTING ISSUES


    Credits: Three
    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
    Prerequisite: ACCT 610
    This course will provide the skills necessary to interpret and analyze financial statement information by discussing the four key financial statements and 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 697 - SPECIAL STUDIES


    Credits: Three
  
  • ACSC 151 - CALCULUS I


    Credits: Four
    Prerequisite: Actuarial Science Major
    Topics include concepts of limit and continuity, rate of change of a function, derivatives and their applications, integration and applications of the definite integral.
    Cross-listed: See MATH 151
  
  • ACSC 201 - MATH MODELS W/TECH I


    Credits: Three
    Prerequisite: MATH 151 ISYS 100
    Corequisite: MATH 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: See MATH 201
  
  • ACSC 293 - COOPERATIVE EDUCATION


    Credits: Variable between 1 and 4
    Cooperative education courses may be taken before a students major, minor and General Education requirements are completed, but they are not counted as part of those requirements.
    Cross-listed: See MATH 293/393
  
  • ACSC 296 - INDEPENDENT STUDY


    Credits: Variable between 1 and 4
  
  • ACSC 297 - SPECIAL STUDIES


    Credits: Variable between 1 and 4
  
  • ACSC 298 - ACTUARIAL STUDIES


    Credits: Two
  
  • ACSC 301 - MATH MODELS W/TECH II


    Credits: Three
    Prerequisite: ACSC 201
    This course complements and continues the technical computer training offered in ACSC/MATH 201. The content is focused 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: See MATH 301
  
  • ACSC 305 - INSURANCE AND RISK


    Credits: Three
    Prerequisite: Sophomore standing
    This course introduces the student to the fundamental principles of insurance as they relate to life and health insurance, property and casualty insurance and retirement income plans. Problems in risk analysis and preparation for the Course 1 professional actuarial exam will be emphasized.
  
  • ACSC 370 - MATHEMATICAL STATISTICS I


    Credits: Three
    Prerequisite: MATH 152
    This is the first in a sequence of two one-semester courses on mathematical statistics. 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.
    Cross-listed: See MATH 370
  
  • ACSC 371 - MATHEMATICAL STATISTICS II


    Credits: Three
    Prerequisite: ACSC 370, Minimum grade C-
    This course should be taken in sequence with ACSC 370. 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.
    Cross-listed: See MATH 371
  
  • ACSC 372 - MATHEMATICAL STATISTICS III


    Credits: Three
    Prerequisite: ACSC 371, Minimum grade C
    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. See MATH 372
    Cross-listed: See MATH 372
  
  • ACSC 393 - COOPERATIVE EDUCATION


    Credits: Variable between 1 and 4
    Cooperative education courses may be taken before a students major, minor and General Education requirements are completed, but they are not counted as part of those requirements.
    Cross-listed: See MATH 293/393; See ACSC 293
  
  • ACSC 394 - ACTUARIAL SEMINAR I


    Credits: Three
    Prerequisite: ACSC 370 or MATH 370
    This is a capstone seminar on probabilities. It challenges the student’s preparation for the Actuarial Examination P (it was exam 1) of the Society of Actuaries and the Casualty Actuaries Society. Though Calculus will be not tested in the exam P, a sound foundation in Calculus I through III is assumed, the theory of the probability will be applied to problem solving, using classification and other approaches.
    Note: This course is for actuarial science majors only.
  
  • ACSC 396 - Independent Study


    Credits: 1-4
  
  • ACSC 405 - STATISTICAL MODELING I


    Credits: Three
    Prerequisite: ACSC 371 or MATH 371, Minimum grade C
    This course covers the following topics, Evaluation data for estimation and goodness-0f-fit to models, least square estimates of parameters, Single linear regression, multiple linear regressions, Hypothesis testing, confidence intervals in linear regression models. Topics also include Testing of models, data analysis and appropriateness of models, Linear time series models, Moving average, autoregressive and/or ARIMA models, Estimation, data analysis and forecasting with time series models, Forecast errors and confidence intervals. This course has been approved by VEE Administration Committee of Society of Actuaries to fulfill the requirements of topics in Applied Statistical Methods.
    Note: To receive credit for the subject from the Society of Actuaries, students will need a grade of B- or better.
    Cross-listed: See MATH 405
  
  • ACSC 406 - STATISTICAL MODELING II


    Credits: Three
    Prerequisite: ACSC 405
    This course covers the materials on the professional actuarial exam C. Topic includes Construction of Empirical Models, Estimate failure time and loss distributions using Kaplan-Meier estimator, including approximations for large data sets, Nelson- Aalen estimator. Kernel density estimators, Estimate the variance of estimators and confidence intervals for failure time and loss distributions, Estimate failure time and loss distributions with the Cox proportional hazards model and other basic models with covariates. The course will also cover the topics, Unbiasedness, Consistency, Mean squared error, Estimate the parameters of “failure time and loss distributions using, Maximum likelihood, Method of moments, Percentile matching, Bayesian procedures, Estimate the parameters of failure time and loss distributions with censored and/or truncated data.
    Cross-listed: See MATH 406
  
  • ACSC 414 - THEORY OF INTEREST


    Credits: Three
    Prerequisite: MATH 251, Minimum grade C-
    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. This course, along with Financial Mathematics I, will cover all of the topics mentioned in the most recent Basic Education Catalog of Society of Actuaries under Exam FM Learning Objectives.
  
  • ACSC 415 - FINANCIAL MATHEMATICS I


    Credits: Three
    Prerequisite: ACSC 414
    This course covers the mathematical theory of compound interest with applications to investments and corporate finance. Topics include accumulation of interest in discrete and continuous time, nominal and effective interest, present and future values, annuities and variable cash flows, loans, valuation of stocks, bonds and other securities, and the assessment of corporate financial performance using standard financial models.
  
  • ACSC 416 - FINANCIAL MATHEMATICS II


    Credits: Three
    Prerequisite: ACSC 414
    This course covers corporate financial theory, with emphasis on mathematical models, topics include the value of common stocks, risk and return, portfolio theory, capital budgeting issues, capital structure, strategic long-term financing decisions, financial statement ratio analysis and the valuation of options including the Black- Scholes formula. A project on portfolio design and analysis is required for the course.
    Note: Students get grade B- or better will receive credit for Corporate Finance from the Society of Actuaries.
  
  • ACSC 416H - FINANCIAL MATHEMATICS II


    Credits: Four
    Prerequisite: ACSC 414-HONORS STATUS;
    Cross-listed: See ACSC 416; ACSC 414-Honors Status
  
  • ACSC 421 - ACTUARIAL MODELING I


    Credits: Three
    Prerequisite: ACSC 371, ACSC 414
    This course is the first part of the sequential courses in actuarial modeling to develop the student’s knowledge of 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, and benefit premiums. This course combine with ACSC 422 covers materials for students to prepare Actuarial Professional exam MLC.
  
  • ACSC 422 - ACTUARIAL MODELING II


    Credits: Three
    Prerequisite: ACSC 421, Minimum grade C-
    This course is the second part of the sequential courses in actuarial modeling to develop the student’s knowledge of the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. Topics include benefits reserves, multiple life functions, multiple decrement models, frequency and severity models, Risk Theory. This course combine with ACSC 421 covers materials for students to prepare Actuarial Professional exam MLC.
  
  • ACSC 493 - COOPERATIVE EDUCATION


    Credits: Variable between 1 and 4
    Cooperative education courses may be taken before a students major, minor and General Education requirements are completed, but they are not counted as part of those requirements.
    Note: .
    Cross-listed: See MATH 293/393, See ACSC 293
  
  • ACSC 495 - ACTUARIAL SEMINAR II


    Credits: Three
    Prerequisite: ACSC 415
    This is a capstone seminar on financial mathematics. It prepares student for the Actuarial Examination FM of the Society of Actuaries and the Casualty Actuaries Society using theory of interest. A variety of problem-solving situations will be discussed. BA-35 or BA-35 II calculators on the exam FM will be used. The students must be prepared to participate actively in the problem solving processes.
    Note: This course is for actuarial science majors only.
  
  • ACSC 496 - Actuarial Seminar III


    Credits: 3 credits
    Prerequisite: Pass exam P, exam FM
    Actuarial Seminar III for exam MLC
  
  • ACSC 497 - ACTUARIAL SEMINAR IV


    Credits: Three
    Prerequisite: Pass exam P, exam FM
    Actuarial Seminar IV for exam C
  
  • ACSC 505 - STATISTICAL MODELING I


    Credits: Three
    Prerequisite: ACSC 371 or MATH 371, Minimum grade C
    This course covers the following topics, Evaluation data for estimation and goodness-0f-fit to models, least square estimates of parameters, Single linear regression, multiple linear regressions, Hypothesis testing, confidence intervals in linear regression models. Topics also include Testing of models, data analysis and appropriateness of models, Linear time series models, Moving average, autoregressive and/or 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.
    Note: This is the VEE course for Society of Actuaries.
  
  • ACSC 506 - STATISTICAL MODELING II


    Credits: Three
    Prerequisite: ACSC 505
    This course covers the materials on the professional actuarial exam C (it was exam 4). Topic includes Construction of Empirical Models, Estimate failure time and loss distributions using Kaplan-Meier estimator, including approximations for large data sets, Nelson-Aalen estimator. Kernel density estimators, Estimate the variance of estimators and confidence intervals for failure time and loss distributions, Estimate failure time and loss distributions with the Cox proportional hazards model and other basic models with covariates. The course will also cover the topics, Unbiasedness, Consistency, Mean squared error, Estimate the parameters of failure time and loss distributions using, Maximum likelihood, Method of moments, Percentile matching, Bayesian procedures, Estimate the parameters of failure time and loss distributions with censored and/or truncated data. A presentation of one project is required for the course.
    Note: This course covers a part of Actuarial Exam C.
  
  • ACSC 510 - RISK THEORY


    Credits: Three
    Prerequisite: ACSC 521
    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.
  
  • ACSC 514 - THEORY OF INTEREST


    Credits: Three
    Prerequisite: MATH 251, 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. This course, along with Financial Mathematics I, will cover all of the topics mentioned in the most recent Basic Education Catalog of Society of Actuaries under Exam FM Learning Objectives. A presentation of one project is required for the course.
    Note: This course is for graduate students only.
  
  • ACSC 515 - FINANCIAL MATHEMATICS I


    Credits: Three
    Prerequisite: ACSC 514, ACSC Graduate students only
    This course covers the mathematical theory of compound interest with applications to investments and corporate finance. Topics include accumulation of interest in discrete and continuous time, nominal and effective interest, present and future values, annuities and variable cash flows, loans, valuation of stocks, bonds and other securities, and the assessment of corporate financial performance using standard financial models. A presentation of one project is required for the course.
    Note: This course is for graduate students only.
  
  • ACSC 516 - FINANCIAL MATHEMATICS II


    Credits: Three
    Prerequisite: ACSC 514, ACSC Grad student or permission of program director
    This course covers financial theory, with emphasis on mathematical models, topics include the value of common stocks, risk and return, portfolio theory, capital budgeting issues, capital structure, strategic long-term financing decisions, financial statement ratio analysis and the valuation of options including the Black-Scholes formula. A project on portfolio design and analysis is required for the course. Students who get a grade of B- or better will receive credit for Corporate Finance from the Society of Actuaries. A presentation of one project is required for the course.
    Note: This course is for graduate students only.
  
  • ACSC 521 - ACTUARIAL MODELING I


    Credits: Three
    Prerequisite: ACSC 371, ACSC 414, Permission of program director
    This course is the first part of the sequential courses in actuarial modeling to develop the student’s knowledge of 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 covers a part of Actuarial Exam MLC.
  
  • ACSC 522 - ACTUARIAL MODELING II


    Credits: Three
    Prerequisite: ACSC 521
    This course is the second part of the sequential courses in actuarial modeling to develop the student’s knowledge of 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 project on the above topics and presentation is required for the course. A presentation of one project is required for the course.
    Note: This course covers a part of Actuarial Exam MLC.
  
  • ACSC 572 - MATHEMATICAL STATISTICS III


    Credits: Three
    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: See MATH 372
  
  • ACSC 593 - COOPERATIVE EDUCATION


    Credits: Variable between 1 and 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 - ACTUARIAL SEMINAR I


    Credits: Three
    Prerequisite: ACSC 371 or MATH 371 or concurrent with ACSC/MATH 371, Permission of Program Director
    This is a capstone seminar on probabilities. It challenges the student’s preparation for the Actuarial Examination P (formerly exam 1) of the Society of Actuaries and the Casualty Actuaries Society. Though Calculus will not be tested in exam P, a sound foundation in Calculus I through III is assumed. The theory of probability will be applied to problem solving, using classification and other approaches. A presentation of one project is required for the course.
    Note: This course is for actuarial science majors and graduate students only.
  
  • ACSC 595 - ACTUARIAL SEMINAR II


    Credits: Three
    Prerequisite: ACSC 515 and permission of program director
    This is a capstone seminar on financial mathematics. It prepares students for the Actuarial Examination FM of the Society of Actuaries and Casualty Actuaries Society using theory of interest. A variety of problem solving situations will be discussed. BA-35 or BA-35II calculators on the exam FM will be used. The students must be prepared to participate actively in the problem solving processes. A presentation of one project is required for the course.
    Note: This course is for actuarial science majors and graduate students only.
  
  • ACSC 597 - THESIS/RESEARCH


    Credits: Three
    Prerequisite: Permission of adviser
  
  • ACSC 607 - CREDIBILITY AND SIMULATION


    Credits: Three
    Prerequisite: ACSC 506 or concurrent with ACSC 506
    The student is expected to identify steps in the modeling process. Specifically, the candidate is expected to be able to perform the tasks such as; apply limited fluctuation (classical)credibility including criteria for both full and partial credibility, perform Bayesian analysis using both discrete and continuous models, apply B, hlmann and B, hlmann-Straub models and understand the relationship of these to the Bayesian model, apply conjugate priors in Bayesian analysis and in particular the Poisson-gamma Model, apply empirical Bayesian methods in the nonparametric and semiparametric Cases, simulate both discrete and continuous random variables using the inversion Method, estimate the number of simulations needed to obtain an estimate with a given error and a given degree of confidence, use simulation to determine the p-value for a hypothesis test, use the bootstrap method to estimate the mean squared error of an estimator, and apply simulation methods within the context of actuarial models. A presentation of one project is required for the course.
    Note: This course combined with ACSC 506 will cover the materials for Actuarial Professional exam C.
  
  • ACSC 610 - INVESTMENT & ASSET MANAGEMENT I


    Credits: Three
    Prerequisite: ACSC 522
    Those courses extend the student’s knowledge of basic actuarial principle in the fields of investments and asset management. This course combine with ACSC 611 will cover the topic capital market, investment vehicles, derivatives-applications, and principles of portfolio management and asset-liability management. After successfully completing the course, students are expected to identify and evaluate the risk and return characteristics of various types of investments. To identify how markets operate and explain the fundamental principles of modern portfolio theory. To determine how options are priced in financial markets. To determine the value of cash flow streams with embedded options.
    Note: This course combines with ACSC 611 and covers all materials for Actuarial Science Professional exam 6.
  
  • ACSC 611 - INVESTMENT & ASSET MANAGEMENT II


    Credits: Three
    Prerequisite: ACSC 610
    Those courses extend the students knowledge of basic actuarial principle in the fields of investments and asset management. This course combine with ACSC 610 will cover the topic capital market, investment vehicles, derivatives-applications, and principles of portfolio management and asset- liability management. After successfully completing the course, students are expected to identify and evaluate the risk and return characteristics of various types of investments. To apply the concepts of interest rate risk management and effective duration. To explain how principles of asset liability management (ALM) impact portfolio construction and management for institutional investors. To identify and apply portfolio management techniques to the ongoing investment management of financial institution and pension fund assets.
    Note: This course combines with ACSC 610 and covers all materials for Actuarial Science Professional exam 6.
  
  • ACSC 693 - COOPERATIVE EDUCATION


    Credits: Three
    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.

    Maximum cooperative education credits is 6 for major.

  
  • ACSC 694 - SPECIAL STUDIES


    Credits: Three
    Prerequisite: Permission of adviser
  
  • ACSC 695 - ACTUARIAL MODELS III


    Credits: Three
    Prerequisite: ACSC 522 with at least a “C”
    This course extends the student’s knowledge of the theoretical basis of actuarial models and the application of those models to insurance and other financial risks. This is in addition to the courses ACSC 521 and ACSC 522. The topics cover the models, survival and severity models, Frequency models, Compound (aggregate) models, and Life contingencies. After taking these courses, the students are expected to know the how and why models are used, their advantages and their limitations. The students will be expected to understand what important results can be obtained from these models for making business decisions.
    Note: After taking these courses, students are expected to take Actuarial Science Professional Exam M (It was exam 3)
  
  • ACSC 696 - STATISTICAL MODELING III


    Credits: Three
    Prerequisite: ACSC 506, Minimum grade C
    This course extends the student’s knowledge of Construction and Evaluation of Actuarial Models. The topics cover important actuarial methods that are useful in modeling, the steps involved in business problems, analyze data from an application in a business context, determine a suitable model including parameter values, provide measures of confidence for decisions based upon the calibration and evaluation of the models on actuarial mathematics. After taking the course, the students are expected to know how and why modeling methods are used, their advantages and their limitations. The students will be expected to understand what important results can be obtained from these modeling methods for making business decisions.
    Note: After taking this course, students are expected to take Actuarial Science Professional Exam C (formerly exam 4).
  
  • ACSC 697 - THESIS/RESEARCH


    Credits: Three
    Prerequisite: Permission of adviser
  
  • ACSC 698 - TOPICS IN ACTUARIAL SCIENCE


    Credits: Three
    Prerequisite: Permission of adviser.
    This course covers the materials in the field of Finance and Enterprise Risk Management. The topics include some of the following Corporate Finance and Financial Strategy, capital Management, and Risk Management. After taking this course, the students are expected be able to use various methods to evaluate risk-return trade-offs to choose from available alternatives.
    Note: This course will cover part of Actuarial Science Professional Exam 8.
  
  • ADAH 100 - WORLD ARTS AND IDEAS I


    Credits: Three
    This course is a historical survey which presents a global view of art from prehistoric art in Europe through the 14th century. Content introduces beginning students to the works of all artists, including women and artists of color.
    Note: The accelerated Weekend and Evening College format of this course will be augmented by a faculty-prescribed one-credit independent learning experience.
  
  • ADAH 150 - WORLD ARTS AND IDEAS II


    Credits: Three
    Prerequisite: ADAH 100, Minimum grade C-
    This course is a historical survey that presents a global view of art from the early Renaissance in Europe through contemporary art in the United States. Content introduces the works of all artists, including women and artists of color.
    Note: The accelerated Weekend and Evening College format of this course will be augmented by a faculty-prescribed one-credit independent learning experience.
  
  • ADAH 151 - INTRODUCTION TO NON-WESTERN ART


    Credits: Three
    This course introduces students to the art and architecture of the Americas, Africa, Oceania, Southeast Asia, and the Far East. Course material covers a broad geographic and chronological span. Students will be introduced to the native arts of Oceanic cultures including the Maori, the Sepik River cultures, Easter Island, and Hawaii. Material will also introduce the arts of China, Japan, Korea, sub-Saharran and West Africa and the American Northwest. Readings and museum visits will supplement slide lectures and provide a point of departure for in-class discussion.
  
  • ADAH 200H - TOPICS IN HISTORY OF ART


    Credits: Four
    Prerequisite: Membership in Bascom Honors Program
    This course surveys the visual elements, principles of design, media, and history of art. Slide lectures, museum visits, and discussions will enhance the students ability to understand and appreciate art. The purpose of the course is to provide the skills to develop a critical awareness of the concepts and methods employed in art analysis
  
  • ADAH 201H - GREEK ART & ARCHAEOLOGY


    Credits: Four
    Prerequisite: Membership in Bascom Honors Program
    This course will explore the material culture of the Greek world from the Neolithic (6000 BC) to the Roman period. Students will explore the archaeological remains of the Aegean Bronze Age, the beginnings of Greek culture and architecture in the Dark Age period (8th c. BC) and the development of art and architecture in the Archaic, Classical and Hellenistic periods. The monuments and objects examined in this class form the foundation for later artistic developments. Readings and museum visits will supplement slide lectures and provide a point of departure for in-class discussion.
  
  • ADAH 202 - HISTORY OF INTERIOR DESIGN I


    Credits: Three
    This course surveys the history of the decorative arts in their architectural, social, economic, and political contexts with a focus on styles, motifs and influences in the development of each style, from the earliest evidence of creative expression in ancient Mesopotamia and Egypt, and from the Middle Ages, the Renaissance, Spain, and the Orient through the French styles.
 

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