1980-1981 Academic Catalog

Business Administration 63 A. ACCOUNTING 101-102 Principles of Accounting - A, W, Sp 5 hours each quarter An introduction to the accounting for sole proprietorships, partnerships, and corporations. Topics include basic bookkeeping procedures, preparation and use of financial statements, management accounting, taxes, and payroll. 201-202 Intermediate Accounting -A, W 4 hours each quarter Review of fundamentals. Basic theory and practice of the financial statements. Develop– ment of the ability to analyze accounting problems and present clear, supportable solutions. Prerequisite: BA 102 301 Advanced Accounting - Sp 4 hours A study of consolidated financial statements, foreign exchange, insurance, estates and trusts, branch accounting, and problems. Prerequisite: BA 202 (Alternate, even years) 302 Federal Income Taxes - A 4 hours Proper preparation of federal income tax returns for individuals, partnerships, and corpora– tions. Ability to do research in this area will be stressed. Prerequisite: BA 102 (Alternate, even years) 303 Cost Accounting - A 5 hours Principles of industrial and distribution cost accounting; job order and process cost sys- tems; standard costs. Prerequisite: BA 102 (Alternate, odd years) 304 Auditing - Sp 5 hours Purpose and advantages of the different types of audits; duties and responsibilities of an auditor; audit practice, procedure, and reports. Prerequisites: BA 121, BA 202, BA 212 (Alternate, odd years) 305 Fund Accounting - W 4 hours This course deals with the accounting and reporting principles, standards, and procedures applicable to not-for-profit organizations. Prerequisite: BA 201. (Alternate, even years) B. GENERAL BUSINESS 112 Introduction to Business - A 2 hours A broad survey of the American business system. All phases of the Business Administra– tion curriculum are surveyed. This includes Accounting, Management, Marketing, Finance, and Economics along with career opportunities and current events. 211-212 Quantitative Methods - A, W 4 hours each quarter An introduction to quantitative methods used in business decision making. Topics include probability, sampling, estimation, regression, correlation, and time-series analysis. 216 Business Communications - Sp 3 hours A preparation for the skill of originating all types of business letters, reports, memoranda, and other media of communication. 217 Real Estate Principles - W 4 hours Fundamental principles and theories of real estate are covered including the law of licens– ing, regulations regarding advertising, financing, settlements, codes of ethics, and the market cycle. The social and economic impact of real estate in modern society is also examined. The student will learn factors affecting real estate, urban land economics, city planning, urban de– velopment regulations of land use, principles of value and real estate evaluation, ownership, nature and classification of land, management of property, law, and market analysis. (Alternate, even years) 218 Real Estate Law - W 4 hours Legal aspects of real estate as they pertain to the sale, purchase and management of real property. Titles, deeds, restrictions, agreements of sale, mortgages, liabilities for injuries, bro– kerage law, and judgments and liens are also examined. The student will study Ohio real es– tate law, including rights incident to property ownership and management, agency contracts, and application to real estate transfer conveyancing, probate proceedings, trust deeds, and foreclosure, general real estate forms, as well as recent legislation governing real estate transactions. (Alternate, even years)