B.S. in Risk Management and Insurance

This course and lab equip students to function in the information society. It introduces students to the current Windows environment and Microsoft Office Suites as they are ubiquitous in today's workplace and personal computing environment. Through hands-on training, students will learn basic skills in Word (word processing), Excel (spreadsheet), Access (database), and PowerPoint (presentation). In addition, file management, Browser, and E-mail basic skills will be practiced.

This course introduces students to basic financial accounting theory and practice. It teaches students the knowledge and tools to identify and record business activities and to prepare and interpret financial statements and reports in accordance with Generally Accepted Accounting Principles. Students will learn how accounting methods affect the evaluation of business results and the quality of business decisions.

As the second part of introduction to Financial Accounting, this course provides a detailed coverage of long-term liabilities, long-lived assets, stockholder's equity, investments, cash flows, and financial statement analysis. Special topics such as payroll accounting, accounting for partnership, and other related topics are also covered.

Management (or Managerial) Accounting comprises financial and nonfinancial information intended to meet internal users' needs. It involves the development and interpretation of accounting information intended to assist management in the operation of the business. Topics include financial statement analysis and the use of accounting information for planning and control, performance evaluation, and decision-making. The course will cover cost behavior, job order costing, process costing, cost volume-profit relationship, relevant costing/benefits, budgeting, activity-based costing, cash flow and financial statement analysis. Computer lab is required.

This course incorporates business and financial literacy and introduces students to quantitative reasoning to solve business problems. Students will understand, analyze, solve, and communicate quantitative problems encountered in many aspects of a business. Topics such as algebra fundamentals, percentage and margin computations, basic accounting and financial applications, investment and insurance, descriptive statistics and graphs, etc., will be covered. Students will gain basic concepts and skills to understand, analyze, and solve quantitative problems encountered in many aspects of a business.

This course explores the major functions of management: planning, organizing, leading, and controlling. Within these four functions are subjects such as self-management, organizational structure and culture, leadership, motivating employees, teamwork, human resource management, self-management, change management, and planning and decision-making tools and techniques. This course takes an inside out approach, where the student learns first about themselves and then develops their ability to manage progressively larger and more diverse groups of people and projects.

This course examines the basic principles of marketing and provides the opportunity to develop the critical analysis and management skills needed by successful marketers. Within the framework of the ''product, price, promotion, distribution, and customer'' elements of marketing, course topics include market segmentation, targeting, positioning, consumer behavior, integrated marketing communication, marketing ethics and social responsibility, and the global dimensions of marketing (including e-marketing).

This course involves the study and intensive practice of professional writing skills and genres expected in the business environment, as well as the ethical, legal, cultural, and global issues affecting business and technical communication. In addition, it covers major aspects of preparing, presenting, and interpreting public speeches in a face-to-face and online business environments using technology and digital media.

This course focuses on statistical concepts and their application to businesses. It provides opportunities to develop fundamental skills in quantitative research, presentation, and critical analysis applicable to the business environment. Topics include quantitative and graphical descriptive techniques, data collection and sampling, probability distributions, estimation techniques, inferential and regression analysis, hypothesis testing and analysis of variance.

This course is cross-listed and is otherwise known as PHI 341. This course introduces students to the normative theories of moral philosophy and how they apply to the business world. It covers a spectrum of topics in the subjects of conflict of interest, corporate ethics and climate, discrimination, ethical climate, ethical decision-making, ethical issues, and ethical standards. Students will use case studies and current events to critically analyze common ethical issues in the business environment and recommend appropriate courses of actions.

This course examines the basic principles of financial management and provides opportunities to develop basic quantitative, research, and critical analytical skills that are useful to a financial manager. Topics include financial managerial functions and responsibilities, risk/return trade-off, ethics and social responsibility, taxation issues, financial institutions and economic environment, interest rate analysis, financial statement analysis, time value of money, and valuation techniques.

This course focuses on the global dimensions of business. It covers a broad spectrum of subjects in foreign direct investment and trade, international cooperate strategies, international governance and regulation, international patents and protections, and multinational culture. The political, cultural, institutional, economic, legal, and technological environmental forces that accompany global business activities are discussed in an integrated manner.

This course introduces students to the American business legal environment and covers basic concepts in contracts, the uniform commercial code, corporations and partnerships, agency, intellectual property, employment, antitrust, consumer protection, security regulation, environmental and international law, and business ethics and social responsibility.

An introduction to data and information processing concepts and systems viewed from a contemporary management perspective. The course provides the conceptual foundations in understanding technologies, such as computer hardware and software, the Internet, networking, security, enterprise computing, e-commerce, database management, and how information systems support business functions. The hands-on labs enable students to develop in-demand skills in business analytics and data management.

This course examines the production phase of business activities. It covers a broad spectrum of subjects in continuous improvement, cost control, data analysis tools, and quality management. Students will learn to analyze and apply methods of design and operation of production systems.

This course is designed for graduating seniors majoring in Accounting, Business Administration, and Risk Management. It is an integrative course that serves as the culmination of the academic journey for students in the Department of Business. In this course, students will learn the principles and techniques involved in crafting effective business strategies, and implementing them effectively, as a means of success in business. They will also critically evaluate business situations and make informed strategic choices, drawing on all prior coursework in their Department of Business major program.

This course serves as summative assessment for ACC, BUS, and RMI major students and the programs. Students will review, reinforce, and demonstrate their mastery of all business functional knowledge in the areas of marketing, finance, accounting, operations/production management, human resources management, organizational behavior, ethics, legal business environment, macro- and micro-economics, global dimensions of business, information management systems, quantitative research techniques and statistics, business leadership, integration, and strategic management. The class will use a hybrid instructional platform which utilizes both online self-paced eLearning and in-class discussions and formative/summative assessments to measure student learning outcomes before they exit their major programs.

This course introduces students to the study of economics and provides an overview of common macroeconomic concepts. The course encourages students to understand, use, and analyze common macroeconomic concepts such as inflation, employment, consumption, national income, money, and interest rates, as well as the fundamental economic concepts of supply and demand, marginal analysis, and opportunity costs.

This course provides an overview of common microeconomic concepts. The course encourages students to critically analyze common microeconomic concepts such as supply and demand, prices, markets and market structure, competition, utility, production costs, marginal analysis, and opportunity costs. The underlying theoretical basis for these concepts and how they are interrelated with each other and with the overall economy is also introduced in this course.

This course provides students with the necessary skills to study calculus and various other mathematics, science, and computer related courses. Students will learn the properties of various types of functions, graph them, and solve equations involving these functions. Topics covered include: polynomial, rational, exponential, and logarithmic functions, trigonometric functions and identities, and sequences and series. Applications are included throughout. Passing both MAT 125 College Algebra and MAT 126 Trigonometry is equivalent to passing MAT 130.

This course is designed to provide the Department of Business students with the opportunity to gain real-world experience before graduation. The students will gain workplace experience, knowledge, and skills, such as working collaboratively, effective communication, self-discovery, maintaining healthy relationships, networking, consumer awareness, community connections, managing organization and employee situations/conflicts, developing professional etiquette, and maintaining work performance. The course involves preparation before obtaining an internship, internship placement, written assignments, evaluations, and a final presentation.

This course starts with a broad overview of ways to manage risk, and the approach taken by insurance companies to contain these risks. The nature of the insurance contract, the various types of insurance, and their routine components are examined. The use of insurance as a solution for business problems is also explored. Because most employee group benefits are insurance related, those components of a benefit plan are a focal point of the course. Topics such as insurer solvency and profitability, insurance regulation, insurance contracts, and loss exposures mainly in the area of property and liability insurance will be covered.

This course will look at current issues in the Property/Casualty insurance industry. Basic principles, functions and uses of property & casualty insurance; types of policy contracts; calculation of premiums reserves; organization management; supervision of companies.

The course covers off-shore financing, role of reinsurance, history of alternative risk financing, forecasting risk loss, capital market functions, forming captive insurance companies, and use of derivatives in risk management.

This course covers property and casualty underwriting through the principles of underwriting; strategic underwriting techniques; the insurance production environment; and insurance agency management tools and processes. Students will learn to assess whether to accept insurance risks (or groups of risks) and at what price.

This course is designed to give greater coverage to those risk management and insurance topics that are not covered in great detail in other courses. Such as risk assessment and mapping, emerging risks, insurance markets, risk transfer and risk financing, insurance economics, catastrophe risks, Social Security, Public health Insurance, and international risk issues.

Enterprise Risk Management comprehensively addresses all risks faced by an organization - pure risk, speculative financial risks, strategic risks, operational risks and other risks. This course is designed to apply the theories and techniques in the process of planning, organizing, leading and controlling the activities of an organization to minimize risks. It also provides an overview of risk management and insurance markets and products that can be used to help manage the organization's risk. In addition, several valuation and risk management tools and models designed to measure and manage risk will be introduced and discussed.

Study of concepts, techniques and principles of cost and management accounting. The use of accounting data for managerial decision making, planning, and control.. Topics include budgeting, cost concepts, cost behavior, cost-volume-profits relationships, inventory control, standard costs, absorption costing versus direct costing, variance analysis, cost allocations, setting price and international issues.

Study of federal income taxation of individuals and their impact on personal and business financial decision making. Topics include: concepts of gross income, deductions, tax credits; business and personal investment deductions; sale and other dispositions of property; changes in tax law and economic impact of the law. Although the course emphasizes income taxation, issues such as gift, estate, partnership and corporate taxation are discussed.

A course that examines the principles of financial investing and provides opportunities to develop basic quantitative, research, presentation, and critical analytical skills that are useful to an investor. Topics include analysis of the investment environment, tools and mechanics of investing (debt instruments, government and municipal securities, common stock, real estate), portfolio construction and management, dealing with securities markets, tax issues in investing, research strategies, financial statement analysis, and risk/return trade-off analysis. This course incorporates student management of an actual investment fund that is a component of Gallaudet University's endowment.

This course addresses additional legal topics required for certification as a certified public accountant, including debtor and creditor relations, negotiable instruments, real property, trusts, wills and estates.

This course is designed to give greater in-depth coverage to those emerging risk management and insurance topics that are not covered in other risk management classes. Topics included will be a multiple of emerging risks. Risk Management is not just about managing risks in the present or understanding the risks from the past. The “new” risk management in a digital world is about anticipating future risks to be certain we will be in a position to deal effectively with them. The challenge is that these risks may only reveal themselves in full to future generations. The key is to study them now and plan for the future. The future of risk management will rest in the knowledge, technology, creativity, and an action plan on how to manage these risks. There are also many questions. Here are a few: How will insurance companies respond to these new risks? Will there be new insurance products? How will the actuaries price these new products? Will the insurance industry understand these risks? How will the current insurance policies respond to a loss from an emerging risk? Who will be held liable?

Special topics in the discipline, designed primarily for freshmen. Students may enroll in 295 Special Topics multiple times, as long as the topics differ

Primary course focus is on evaluating life insurance policies. The nature and importance of life insurance within the individual and business perspective and techniques for evaluating life insurance contracts will be covered. Whole Life, Term Life and Key Person Life Insurance will be analyzed. Cost/benefit analysis of various types of life insurance, both individual and business will be addressed.

Special topics in the discipline, designed primarily for seniors. Students may enroll in 495 Special Topics multiple times, as long as the topics differ