Course Catalog 2006-2007

Department of Management and Marketing

School of Business Administration

Larry D. Gianchetta, Dean

Michael V. Harrington, Associate Dean

Homepage: http://www.business.umt.edu

The School of Business Administration, founded in 1918, is the largest professional school at the University. All programs are accredited by AACSB InternationalBThe Association to Advance Collegiate Schools of Business.

Mission

The faculty and staff of the School of Business Administration are committed to excellence in innovative experiential learning and professional growth through research and service.

The goal of the School of Business Administration is to provide a broad foundation in organizational administration and exposure to the basic principles of various business disciplines. The complexity of contemporary society has brought an increasing need for responsible leadership. A professional business education combined with solid grounding in the liberal arts and sciences prepares men and women to meet difficult challenges and to participate in the molding of the future.

Students may pursue a program of studies leading to the B.S. in Business Administration, with a major in any of the following areas: accounting, finance, information systems, international business, management, and marketing.

Opportunity for further study at the graduate level is offered through programs leading to the degrees of Master of Business Administration, Master of Accountancy, joint J.D./M.B.A., and joint M.B.A./Pharm.D. The M.B.A. program is particularly suited to those students whose undergraduate training has been in areas other than business administration. Further details may be obtained from the Graduate Studies bulletin or by specific inquiries directed to: Director of M.B.A. Program, School of Business Administration.

Foundation Program for Graduate Work in Business

The Master of Business Administration (M.B.A.) and Master of Accountancy (M.Acct.) at most universities are open to graduates of non business undergraduate programs. Students in the arts and sciences or other professional schools who anticipate doing graduate work in business are encouraged to take as many of the foundation courses listed below as possible in their undergraduate programs. Completion of all of the foundation courses will reduce the time required for the M.B.A. or M.Acct at The University of Montana-Missoula by one year.

For more information, check the UM School of Business Administration Graduate School website at www.mba-macct.umt.edu.

High School Preparation: High school students who are planning to major in business administration at The University of Montana-Missoula should take their school's college preparatory curriculum. Additional courses to improve reading, writing, and computer skills will be beneficial. Students should take as much mathematics as possible including two years of algebra.

Credit/No Credit Option: Students may take courses in the School of Business Administration on a credit/no credit basis as follows:

For Non Business Majors: All 100, 200, 300 and 400 level business administration courses that are not identified as traditional letter graded only.

Business Majors: Only elective courses may be taken on a credit/no credit basis. All courses required for the major and all general education courses must be taken for a traditional letter grade. For additional information see the General Education section of the catalog.

For business majors, exceptions to the letter-grade requirement in the major may be made by the instructor with the approval of the department chair unless the course is identified as traditional letter graded only.

Special Degree Requirements

Refer to graduation requirements listed previously in the catalog. See index.

To earn the B.S. in Business Administration degree, the student must:

  1. Complete the following requirements with a grade of C (2.0) or better during the freshman sophomore years:
    • ENEX 101 Composition
    • MATH 117 Probability and Linear Mathematics; Finance students must complete MATH 150, Applied Calculus
    • ECON 111S, 112S Microeconomics, Macroeconomics
    • COMM 111A Introduction to Public Speaking
    • CS 172 Computer Modeling
    • MATH 241 Statistics
    • ACCT 201, 202 Financial Accounting, Managerial Accounting
    • BADM 257 Business Law
    • IS 270 Management Information Systems
  2. Complete the following requirements during the junior senior years (with grades of C- or better in each course):
    • FIN 322 Business Finance
    • IS 341 Operations Management
    • MGMT 340S Management and Organizational Behavior
    • MKTG 360 Marketing Principles
    • MGMT 445 Small Business Management and Strategic Planning or MGMT 446 Strategic Management or IS 448 Management Game
    • Note: In order to take 300 and 400 level classes in the School of Business Administration, a student must have achieved junior standing in business. Junior standing in business is defined as having completed a minimum of 60 semester credits and having completed all of the freshmen-sophomore requirements listed in section above with a grade of C (2.0) or better in each course.
    • Non business majors must have the consent of the department chair to enroll in any undergraduate business course numbered 300 and above.
  3. Apply to one of the following majors by the beginning of the junior year: accounting, finance, information systems, international business, management, or marketing.
  4. Complete course work required in the selected major during the junior senior years with grades of C- or better in each course.
  5. Complete three different business-oriented experiential learning exposures including the capstone course (MGMT 445, MGMT 446, or IS 448) requirement. A list of courses qualifying to meet this requirement will be prepared annually and is available from the School of Business Administration.
  6. This requirement is reduced as follows for students who have more than 60 transfer credits when entering The University of Montana-Missoula for the first time:
    • Students with an initial transfer of 60.1-90 semester credits complete two different business-oriented experiential learning exposures including the capstone requirement (MGMT 445, MGMT 446, or IS 448).
    • Students with an initial transfer of more than 90 semester credits complete the experiential learning exposure by fulfilling the capstone requirement (MGMT 445, MGMT 446, or IS 448).
  7. Complete the Upper-division Writing Expectation by taking an upper-division writing course (typically in a business capstone course) from the approved list in the Academic Policies and Procedures section of this catalog.
  8. Complete no fewer than 51 credits in courses in the School of Business Administration. All courses offered by the Department of Economics may count toward the 51 credit requirement. At least fifty percent (50%) of all business credits applied toward the requirements for the business degree must be earned at The University of Montana-Missoula; this includes all economics credits, if they are counted toward the business requirements.
  9. Complete no fewer than 60 credits (exclusive of health and human performance activity credits) of work in departments and schools other than the School of Business Administration.
  10. Complete at least a total of 120 credits of which at least 39 are at the 300- or 400-level.
  11. Earn a minimum grade point average of 2.00 for all credits in business administration courses for which a grade is received and a minimum grade point average of 2.00 for all credits in major area courses for which a grade is received.
  12. Please note that not all business courses are offered every academic term.

Department of Accounting and Finance

Terri L. Herron, Chair

The Department of Accounting and Finance prepares ethical and informed decision makers with effective analytical and decision making skills to become leaders in their respective professions. The department offers the Master of Accountancy degree and two undergraduate majors within the Bachelor of Science in Business Administration degree: accounting and finance.

The Master of Accountancy program is designed to prepare ethical and informed decision makers with the potential to become leaders in the profession of accountancy. This program has achieved national recognition due to the outstanding performance of graduates on the uniform CPA examinations. Graduates hold positions in some of the most prestigious accounting firms in the world.

Accounting Major

The undergraduate accounting major develops competence in the broad range of accounting practices. The curriculum strives to foster critical thinking and problem solving skills. Students are prepared to enter professional positions in accounting with business, nonprofit, or government organizations. In addition, they can continue their education in the Master of Accountancy program and/or pursue a variety of professional certifications.

Basic Requirements for the Accounting Major

Required Credits
ACCT 310 Accounting Information Systems 3
ACCT 311 Intermediate Accounting I 3
ACCT 312 Intermediate Accounting II 3
ACCT 421 Cost Management I 3
ACCT 431 Income Tax 3
ACCT 441 Auditing 3
ACCT 451 Non Profit Accounting 3
Plus three (3) credits from the following:
ACCT 313 Advanced Accounting Topics 3
ACCT 422 Cost Management II 3
ACCT 495 Special Topics 3

Note: Students should select, in consultation with their faculty advisor, the 400-level accounting courses from the above list that best fit their individual career goals. Some of these courses may be taught once a yearBsee advisor for the schedule each academic year.

Basic Accounting Prerequisites for the Master of Accountancy

Required - All courses must be completed with a C or better:

ACCT 310 Accounting Information Systems 3
ACCT 311 Intermediate Accounting I 3
ACCT 312 Intermediate Accounting II 3
ACCT 313 Advanced Accounting Topics 3
ACCT 421 Cost Management I 3
ACCT 431 Income Tax 3
ACCT 441 Auditing 3
ACCT 451 Non Profit Accounting 3

Note: One 400-level class listed in the Masters requirements above can be taken in the Masters program for graduate credit if it was not taken at the undergraduate level and if taken after admission to the Masters program. In order to complete the Masters program in a timely fashion, it is strongly recommended that only ACCT 451 be taken at the graduate level.

Finance Major

The finance curriculum is designed to equip students with a comprehensive foundation in financial management, financial markets and investments. Students will gain competence in effective decision making, performing complex analyses, providing expert financial advice and utilizing current technology tools and data sources.

Basic Requirements for Finance Major

All students must fill out a plan of study during their sophomore year or the first semester of their junior year. The plan of study is available from a finance faculty advisor and must be completed and signed by the faculty advisor. Failure to implement and adhere to a program of study may delay graduation.

Required: Credits
FIN 420 Investments 3
FIN 424 Financial Markets 3
FIN 429 Financial Management I Theory and Analysis 3
FIN 439 Financial Management II Analysis and Problems 3
MATH 150 Applied Calculus (instead of MATH 117) 3
Plus one (1) of the following courses*:
ACCT 311 Intermediate Accounting I 3
ACCT 421 Cost Management I 3
FIN 301 Financial Statement Analysis 3
FIN 495 Financial Analysis of Business 3
ECON 311 Intermediate Microeconomics 3
ECON 460 Econometrics 3

*Any substitution must be approved by the advisor and the department chair. From time to time other finance courses may be offered that may be substituted when appropriate. In addition to the above required courses, finance students must take three (3) additional courses at the 300- or 400-level from a career track selected in consultation with their advisor and incorporated into their program of study. Suggested career tracks include Banking/Investment, Financial Planning/Services, Accounting/Corporate, Economics, Information Sciences, and International Finance. Details are available from advisors.

FIN 228 (Personal Financial Planning and Investment) is a recommended course and will normally be taken before FIN 322. It may be taken concurrently with FIN 322. No student may receive University credit for FIN 228 after FIN 322 is taken. Students who transfer to the University with credit for FIN 322 will not take FIN 228.

Department of Information Systems and Technology

Belva L. Jones, Chair

The Department of Information Systems and Technology offers a major in Information Systems within the Bachelor of Science in Business Administration.

Information Systems Major

The information systems curriculum prepares students to manage an organization's information resources. The major focuses on: 1) analyzing and managing the flows of information within and across the organization's business processes; 2) effectively managing the acquisition and utilization of information technology; and 3) using both information and information technology to enhance the organization's strategic advantage.

The knowledge and skills developed in the curriculum lead to careers in programming, systems analysis and design, database administration, e-commerce, telecommunications, network administration, and project management.

Basic Requirements for Information Systems Major

Required Credits
IS 370 Database Management Systems 3
IS 371 Business Applications Development 3
IS 372 Telecommunications Management 3
IS 373 Systems Analysis and Design 3
IS 476 Project Management 3
IS 491 Information Systems Practicum or IS 498 Information Systems Internship 3
Choose two courses (6 credits) from the following: 6

NOTE: Students completing their IS major with lower-division classes still must earn a total of 39 upper-division credits to fulfill University requirements.