2011-2012 Undergraduate Bulletin
Michael E. Stephens College of Business
Dr. Stephen H. Craft, Dean
Morgan Hall 201, Station 6540
telephone: (205) 665-6540
fax: (205) 665-6560
e-mail: scraft@montevallo.edu
Professors Bell, Craft (Dean), Martin, Mechitov, Moshkovich; Associate Professors Bunn, Connell, Hamilton, MacPherson, Motii; Assistant Professors McMinn, Sanders; Visiting Professor Sudderth; Instructor Dee.
Mission
The mission of the Michael E. Stephens College of Business is to develop future business leaders.
To achieve this mission, we value:
- quality education through personalized teaching and advising;
- a commitment to the importance of ethical behavior in a diverse world;
- the liberal arts as a basis for life-long learning; and
- responsible citizenship leading to meaningful and relevant careers.
Programs
The Stephens College of Business (COB) offers the Bachelor of Business Administration (B.B.A.) degree with majors in Accounting, Finance, Management, and Marketing. To accomplish our mission the Stephens COB programs are designed to develop and equip students for the workplace. A foundation of the understanding of the liberal arts, including the natural sciences, mathematics, the arts, and human behavior, is what sets these business programs apart. Students majoring in a business degree program are required to express ideas convincingly and clearly, both in writing and in presentation. Students are required to work in and lead teams to develop their ability to conduct business meetings in a technological and global environment while displaying a commitment to diversity and ethical integrity.
Academic Programs and Checksheets for the Michael E. Stephens College of Business
Information about academic programs, as well as checksheets showing a suggested course of study for each major within this College, can be found at www.montevallo.edu/acad/AcademicPrograms/default.shtm.
Accreditation
Stephens COB programs are accredited by The Association to Advance Collegiate Schools of Business (AACSB) International, the premier accrediting agency for programs in business administration. AACSB International is devoted to the promotion and improvement of higher education in business administration. This accreditation places the Stephens COB with the top business programs worldwide.
AACSB accreditation means that Stephens COB students are exposed to curricula that blend theory and practice and are delivered by faculty members with strong academic credentials and professional experience, and who demonstrate high-quality teaching and research. The programs reflect currency and relevancy in knowledge and practices while satisfying criteria established and accepted by the international education community.
Finally, AACSB accreditation shows employers the value of a Stephens COB business degree.
Curriculum
The Stephens COB offers the B.B.A. degree with majors in Accounting, Finance, Management, and Marketing. Each degree program requires completion of the general education core, the business core, major requirements, and a set of elective courses.
Admission Policy
Freshmen admitted with either an American College Testing Program (ACT) composite score of less than 18 or a Scholastic Assessment Test (SAT) combined score of less than 800 must successfully complete ENG 101 and 102 and MATH 144, 147, or higher to be eligible for enrollment in the Stephens COB. Current University students changing to a business major, transfer students, and non-Stephens COB students being readmitted to the University must have a minimum GPA of 2.0 based on a 4.0 scale in order to be eligible for admission to the Stephens COB.
Academic regulations
- Before a student enrolls in junior-level business courses, 60 semester hours must have been completed.
- Business majors must schedule freshman English and mathematics each semester until course requirements are successfully completed.
- To graduate, a Business major must:
- attain a minimum 2.0 GPA in the basic business core and a minimum 2.0 GPA on all business courses attempted in the major,
- complete the last 39 semester hours at the University of Montevallo, and
- complete the last 18 semester hours in the basic business core and the last 15 semester hours in the major at UM in the Stephens COB.
- Transfer students should follow the program of study outlined for B.B.A. candidates at the University during the freshman and sophomore years at other institutions.
- The dean of the College determines eligible transfer credit that applies toward business degrees.
- Transfer students must schedule freshman and sophomore course deficiencies each semester until successfully completed.
General Education Core
Students seeking an undergraduate degree at UM must complete a 53-semester-hour General Education curriculum that includes courses in English, history, mathematics, the natural sciences, social sciences, fine arts, oral and written communication, computer applications, and health and kinesiology.
The minimum requirements are included in the Academic Programs and Policies chapter of this Bulletin, under the degree requirements section.
All Business majors must take EC 231 and 232, which fulfill 6 hours of the History, Social, and Behavioral Sciences component of the General Education curriculum.
Courses in the general education core and business core satisfy the 3-hour computer applications requirement and 9 of the 12 hours of the writing reinforcement requirements in the General Education program. Other elective courses, in the Stephens COB and other areas, are offered to fulfill the remaining 3 hours of writing reinforcement requirements.
Business Core
Students seeking the B.B.A. degree must complete the 36-semester-hour business core, 18 or more hours in their majors, plus sufficient electives after consultation with their adviser to complete at least 130 hours required for graduation.
The Business Core requirements are:
| Course number | Course name | Credit hours |
| AC 221, 222 | Principles of Accounting I and II | 6 |
| BL 283 | Legal Environment of Business | 3 |
| FI 372 | Business Finance | 3 |
| MG 361 | Principles of Management and Organization Theory | 3 |
| MG 405 | Business Professional Development | 3 |
| MG 469 | Business Policy | 3 |
| MIS 367 | Management Information Systems | 3 |
| MK 351 | Principles of Marketing | 3 |
| QM 235, 236 | Quantitative Methods in Business I and II | 6 |
| QM 363 | Operations Management | 3 |
Majors
The Stephens COB offers the Bachelor of Business Administration degree with majors in Accounting, Finance, Management, and Marketing.
Accounting
The Accounting major prepares students for careers in financial reporting, managerial accounting, taxation, and general business. Students obtaining accounting degrees from this institution pursue careers in public accounting, controlling, finance, sales, and general management. They are employed by public accounting firms, industrial companies, financial companies, and government agencies. Accounting students are exposed to the traditional accounting fields such as auditing, information systems, generally accepted practices, law, taxation, and cost determination. The program is designed so students can prepare for the Certified Public Accounting (CPA) Examination. The program follows the prescribed Alabama State Board of Accountancy curricular recommendations.
The following courses, totaling 30 credit hours, are required for a major in Accounting.
| Course number | Course name | Credit hours |
| AC 324, 325, 327 | Intermediate Accounting I, II, III | 9 |
| AC 326 | Cost Accounting I | 3 |
| AC 421 | Income Tax I | 3 |
| AC 423 | Auditing I | 3 |
| BL 384 | Business Law | 3 |
| Three electives from: AC 422, 425, 426, 427, 428 | 9 |
CPA prerequisites: A student who intends to sit for the CPA in Alabama must complete:
- all five of the Accounting electives (AC 422, 425, 426, 427, and 428);
- sufficient additional hours to meet the 150-hours requirement of the State of Alabama accountancy law.
Finance
The Finance major develops the specialized finance knowledge, techniques, and skills necessary for students to be successful in the workplace. The program encompasses the major areas of finance including corporate finance, financial institutions and markets, and investments. This degree program offers a strong foundation in the principles of valuation, financial statement analysis, and the concepts behind sound financial decision making.
The successful finance student will possess strong analytical skills, the ability to write, and the ability to speak clearly and convincingly. Both the required and elective courses in the finance major help develop these skills. Many finance courses require the use of spreadsheets, statistical packages, presentation software, and word processing. Using these computer programs will aid in the development of the skills necessary for a degree that is very marketable.
The following courses, totaling 18 credit hours, are required for a major in Finance.
| Course number | Course name | Credit hours |
| FI 401 | Money and Banking | 3 |
| FI 411 | Risk Management and Insurance | 3 |
| FI 472 | Advanced Business Finance | 3 |
| FI 473 | Investments | 3 |
| At least two of the following courses: FI 421, 474, 475, 476 | 6 |
Management
The Management major is a blend of theory and professional application. This dynamic curriculum is designed to respond to the needs of business. Students receive a management education that focuses on management skills and leadership. The program is designed to develop and refine interpersonal and analytical skills necessary to create centers of management excellence. Students whose accomplishments reflect strong leadership qualities and the ability to improve the efficiency or competitive position of an organization will have the best opportunities in the workplace.
The following courses, totaling 18 credit hours, are required for a major in Management.
| Course number | Course name | Credit hours |
| MG 308 | Business and Society | 3 |
| MG 462 | Human Resource Management | 3 |
| MG 464 | Leadership and Organizational Change | 3 |
| MG 467 | Organizational Behavior | 3 |
| Two of the following courses: MG 400, 460, 465, 466, 476 | 6 |
Marketing
The Marketing major examines the marketing processes involved in the conception, pricing, promotion, and distribution of ideas, goods, and services. Students in the marketing major become proficient in developing, analyzing, and creating exchanges that satisfy individual and organization objectives. Marketing students develop a comprehensive overview of marketing theory and professional practices that lead to positions in advertising, marketing research, communications, public relations, sales management, franchising, and retailing.
The following courses, totaling 18 credit hours, are required for a major in Marketing.
| Course number | Course name | Credit hours |
| MK 353 | Marketing Communications | 3 |
| MK 452 | Strategic Marketing Management | 3 |
| MK 453 | Marketing Research | 3 |
| MK 458 | International Marketing | 3 |
| Two of the following courses: MK 352, 450, 455, 476 | 6 |
Minors
Accounting
A minor in Accounting consists of 18 total credit hours of accounting coursework, comprised of AC 221 and 222 and 12 credit hours of upper-division accounting courses.
Business
A minor in Business consists of 24 hours of required and elective business courses, including: AC 221, EC 231, FI 372, MG 361, MK 351, and 9 additional credit hours of business electives. These additional hours can be selected from any business discipline for which a student has the appropriate prerequisites, provided that no more than 6 hours of electives come from the same discipline.
Management Information Systems
A minor in Management Information Systems (MIS) consists of 18 total credit hours of MIS coursework, comprised of MIS 161 and 367 and 12 credit hours of upper-division MIS courses.
Courses in Business
Accounting (AC)
| Course number | Course name | Credit hours |
| 221 | Principles of Accounting I | 3 |
| 222 | Principles of Accounting II | 3 |
| 324 | Intermediate Accounting I | 3 |
| 325 | Intermediate Accounting II | 3 |
| 326 | Cost Accounting I | 3 |
| 327 | Intermediate Accounting III | 3 |
| 421 | Income Tax I | 3 |
| 422 | Advanced Accounting | 3 |
| 423 | Auditing I | 3 |
| 425 | Not-for-Profit Accounting | 3 |
| 426 | Cost Accounting II | 3 |
| 427 | Income Tax II | 3 |
| 428 | Auditing II | 3 |
| 476 | Applied Research in Accounting | 3 |
| Course number | Course name | Credit hours |
| 283 | Legal Environment of Business | 3 |
| 384 | Business Law | 3 |
| Course number | Course name | Credit hours |
| 231 | Introduction to Macroeconomics | 3 |
| 232 | Introduction to Microeconomics | 3 |
| 307 | World Economy | 3 |
| Course number | Course name | Credit hours |
| 372 | Business Finance | 3 |
| 401 | Money and Banking | 3 |
| 411 | Risk Management and Insurance | 3 |
| 421 | Financial Information Systems | 3 |
| 472 | Advanced Business Finance | 3 |
| 473 | Investments | 3 |
| 474 | Financial Planning | 3 |
| 475 | Special Topics | 3 |
| 476 | Applied Research in Finance | 3 |
| Course number | Course name | Credit hours |
| 100 | Introduction to Business | 3 |
| 270 | Personal Finance | 3 |
| 409 | Internship in Business | 3 |
| Course number | Course name | Credit hours |
| 308 | Business and Society | 3 |
| 361 | Principles of Management and Organization Theory | 3 |
| 400 | Globalization: National and International Issues | 3 |
| 405 | Business Professional Development | 3 |
| 460 | Special Topics in Management | 3 |
| 462 | Human Resource Management | 3 |
| 464 | Leadership and Organizational Change | 3 |
| 465 | International Management | 3 |
| 466 | Entrepreneurial Leadership | 3 |
| 467 | Organizational Behavior | 3 |
| 469 | Business Policy | 3 |
| 476 | Applied Research in Management | 3 |
Management Information Systems (MIS)
| Course number | Course name | Credit hours |
| 161 | Introduction to Computers | 3 |
| 267 | Web Design and Publishing | 3 |
| 310 | Computerized Data Analysis | 3 |
| 330 | Survey of Programming Languages | 3 |
| 350 | Business Programming | 3 |
| 367 | Management Information Systems | 3 |
| 370 | Internet Applications | 3 |
| 410 | Database Management | 3 |
| 420 | Telecommunications and Networking | 3 |
| 430 | E-Commerce | 3 |
| 450 | Systems Analysis and Design | 3 |
| 460 | Selected Topics in Management Information Systems | 3 |
| 476 | Applied Research in Management Information Systems | 3 |
| Course number | Course name | Credit hours |
| 351 | Principles of Marketing | 3 |
| 352 | Professional Selling | 3 |
| 353 | Marketing Communications | 3 |
| 450 | Services Marketing | 3 |
| 452 | Strategic Marketing Management | 3 |
| 453 | Marketing Research | 3 |
| 455 | Special Topics in Marketing | 3 |
| 458 | International Marketing | 3 |
| 476 | Applied Research in Marketing | 3 |
| Course number | Course name | Credit hours |
| 235 | Quantitative Methods in Business I | 3 |
| 236 | Quantitative Methods in Business II | 3 |
| 363 | Operations Management | 3 |