Financial Services Management
66-67 Total Credits
Designed for individuals seeking commercial, trust, or administrative positions in the financial arenas or sales, underwriting and claims positions in the banking industry.
To prepare the students to enter the field of financial services or transfer to a higher education institution.
- Graduates seeking a job secure a position in the field of financial services within two years.
- Graduates seeking further education transfer to a degree program in financial services management.
To prepare the students to interact effectively within a diverse business population.
- Students will interact effectively within a diverse student population by completing collaborative projects.
- The student will demonstrate an awareness of global economic, social, and environmental developments.
To prepare the student to communicate effectively.
- Students will communicate appropriately with instructors and peers.
- Students will visually and graphically communicate through presentations and/or projects.
To train students to solve problems specific to the financial services industry.
- Students will demonstrate the use of computers as a problem solving tool.
To introduce students to a variety of international business scenarios.
- Students will demonstrate an understanding of world-wide issues related to business.
To prepare student to successfully pass a licensing exam.
- Students actually pass the exam.
- To have students understand that business decisions are based on systematic processes such as accounting systems, MIS, and the economic way of thinking.
- Students will be able to summarize, report, and interpret financial data.
- Students will recognize the language of business.
- Students will illustrate the ability to locate and analyze data.
- Students will use the scientific method to solve business and economic problems.
To prepare students to demonstrate information literacy.
- Students will use traditional and contemporary information technology.
- Students will identify, access, and appropriately use authoritative sources of information.
First Semester16.5 Credits
This course develops the skills necessary to improve success in college. It covers general College procedures, time management and study skills, and specific student responsibilities. Collaborative projects are included. Corequisites: This course must be taken in the students first fifteen hours of study.
This course focuses on self-expressive, informative, and argumentative/persuasive writing. Emphasis is placed on the composition of clear, correct, and effective prose required in a variety of professions and occupations. Prerequisites: The required developmental reading (DS050 Developmental Reading, DS051 Essential Reading & Study Skills, or DS080 Study Reading), or SL115 ESL4: Advanced Reading, and/or writing courses (EN099 Introduction to College English or SL116 ESL4: Advanced Composition) or permission of the instructor or designee.
This course is the first of a sequence that explores fundamental
accounting principles, concepts, and practices as a basis for the preparation, understanding, and interpretation of accounting information. It covers the complete accounting cycle for service and merchandising businesses through the adjustment and closing of the books and the preparation of the income statement, the statement of owner equity, and the balance sheet.The details of accounting for cash, receivables, inventory, long-lived assets, and current liabilities are investigated.
This course investigates the application of law to societal and
business relationships through a study of the concept of commercial law and its sources, the law of contracts, the law of sales, the law of agency, negotiable instruments, and secured transactions. Lecture, discussion, and case study help to develop awareness of the logic and application of the law.
This course emphasizes the basic practices, concepts, and activities involved in developing a successful marketing program. Topics include buyer behavior, market identification, product development, distribution, promotion, pricing, and the uncontrollable factors (economic, social, political, legal and technological) involved in the changing marketing environment of today.
This course reviews basic arithmetic processes to develop speed and accuracy in working with decimals, fractions, and percentages. Calculators and computers are used to solve business problems, including simple and compound interest, discounting promissory notes, present value, installment purchases, and mortgages. Retail mathematics covers the areas of purchase and cash discounts, trade discounts, and markup of merchandise. Topics may also include the mathematics of sales and property taxes and payroll. Problem-solving exercises are completed through using computer
spreadsheet applications and exercises. Prerequisite: An appropriate Math Placement test result or MA045 Basic Math Skills or MA050 Introductory Mathematics.
A wide variety of credit courses including but not limited to swimming, fitness center, badminton, tennis, golf, bowling and aerobic dance.
Second Semester15.5-16.5 Credits
This course encourages a deeper understanding of human nature and the human condition through the study of ideas and values expressed in imaginative literature and a full-length book of nonfiction. Emphasis is placed on the use and development of critical thinking and language skills. Library-oriented research is required. Prerequisites: EN101 English 1: Composition.
This course is the second of a sequence that explores fundamental accounting principles, concepts, and practices as a basis for the preparation, understanding, and interpretation of accounting information. It covers corporate equity (including the statement of retained earnings), long-term debt, time-value concepts, capital budgeting, cost-volume-profit analysis, and financial statement analysis. Prerequisite: AC115 Financial Accounting.
This course studies the theory and operation of the economy and how government attempts to achieve domestic and international economic goals using monetary and fiscal policies. Topics include are: the nature of economics, the economizing problem, capitalism and the circular-flow, overview of the public sector, measuring output and income, macroeconomic instability, aggregate demand and supply, Keynesian employment theory, fiscal policy and its applications, money, banking, and monetary policy applications, and international trade and finance.
This course is the first of a sequence that explores fundamental
accounting principles, concepts, and practices as a basis for the preparation, understanding, and interpretation of accounting information. It covers the complete accounting cycle for service and merchandising businesses through the adjustment and closing of the books and the preparation of the income statement, the statement of owner equity, and the balance sheet.The details of accounting for cash, receivables, inventory, long-lived assets, and current liabilities are investigated.
This course provides knowledge of relevant computer skills and a solid foundation in the terminology and concepts of computer technology. Experience is provided with a variety of microcomputer software applications, including word processing, electronic spreadsheets, graphics, file management, and integrated software. Concepts and terms focus on preparing for a technologically oriented society and using the computer as a tool for productivity, research, and communication.
A wide variety of credit courses including but not limited to swimming, fitness center, badminton, tennis, golf, bowling and aerobic dance.
Third Semester18.5-19.5 Credits
This course examines the functions of money and credit and their roles in the economy through the variety of financial intermediaries or financial institutions. Topics include the determination of interest rates; the role, functions and forces that shape and change financial institutions; the operation of the money, capital and debt markets; and the role and functions of the Federal Reserve in the financial system. Prerequisites: AC115 Financial Accounting and BM115 Principles of Macroeconomics.
This course introduces the major forms of property insurance
through a process of detailed policy analysis. It covers the basic concepts, principles, terminology, and laws regarding the study of insurance as practiced in New York State.Topics include fire insurance, rate-making, indirect business losses, inland and ocean marine coverages, and theft protection as well as various types of multiline policies. It covers personal applications of insurance as well as initial preparation for New York State Licensing exams in General Insurance.
This course studies the behavior of the individual and firm in allocating resources in a market system under various the degrees of competition. Topics include the nature of economics, scarcity choice, market pricing and applications, theory of consumer choice, business cost measurement, forms of competition, antitrust and regulations of business, factor pricing, externalities, and pollution. Poverty-income distribution, labor economics, or agricultural economics may also be discussed.
This course develops the role of the finance function and financial decision-making as it relates to the entire business organization. It stresses the financial planning of the requirements for funds, the effective acquisition of these funds (from internal sources and from capital markets), and the control of the use of these funds within the business. Prerequisite: AC116 Managerial Accounting.
This course teaches the fundamentals of personal finance through the creation of a financial plan, management of personal finances, and reaching personal financial goals. Topics include the establishment of financial objectives (home ownership, education, and retirement), budgeting and savings, personal income tax, investments (stocks, bonds, and mutual funds), retirement, and estate planning. The effective use of and management of credit is covered.
This course expands the knowledge of those already familiar with the basic elements of electronic spreadsheets. It examines the various uses for a spreadsheet in business. Intermediate and advanced spreadsheet techniques are examined, including the power of functions, formatting, analytical graphics, and macros. Prerequisite: IS101 Computer Applications & Concepts 1.Corequisites:MA110 Elementary Statistics or MA115 Intermediate Mathematics.
A wide variety of credit courses including but not limited to swimming, fitness center, badminton, tennis, golf, bowling and aerobic dance.
Fourth Semester17.5 Credits
This course explores the major forms of casualty insurance
through policy and statute analysis. It covers basic insurance concepts along with general liability insurance, automobile coverages, workers compensation, bonding, and New York State insurance law. In conjunction with BM240 Property Damage Insurance, this course is required before completing the general agents or brokers exam in New York State. Prerequisite: BM240 Property Damage Insurance.
Any AC, BM (above 101), or IS course other than those already required in the program. BM294, Business Internship, substitutes for two business electives.
A wide variety of credit courses including but not limited to swimming, fitness center, badminton, tennis, golf, bowling and aerobic dance.
Prerequisite
- High School Math Course 1 or its equivalent.
- We will accept you at your current level of readiness and provide opportunities for you to be successful at the college.