1982-1983 Academic Catalog

52 ACCOUNTING 11-101, 11-102 Principles of Accounting-A, W, Sp 5 hours each quarter An introduction to the accounting for sole proprietorships, partnerships, and corporations. Topics include basic bookkeep– ing procedures, preparation and use of financial statements, man– agement accounting, taxes, and payroll. 11-105 Accounting Fundamentals - W 3 hours An introductory accounting course for two-year secretarial stu– dents and nonbusiness majors. No previous accounting knowl– edge is necessary. This course does not count toward the business administration major. 11-201, 11-202 Intermediate Accounting-A, W 4 hours each quarter Review of fundamentals, basic accounting theory, and practice of the financial statements. Development of the ability to analyze accounting problems and present clear, supportable solutions is stressed. Prerequisite: 11-102 Principles of Accounting 11-301 Advanced Accounting - Sp 4 hours A study of consolidated financial statements, foreign ex– change, estates and trusts, branch accounting, and related prob– lems. Prerequisite: 11-202 Intermediate Accounting. 11-302 Federal Income Taxes -A 4 hours Proper preparation of federal income tax returns for individu– als, partnerships, and corporations. Ability to do research in this area is stressed. Prerequisite: 11-102 Principles of Accounting. 11-303 Cost Accounting-A 5 hours Principles of industrial and distribution cost accounting, job order and process cost systems, and standard costs. Prerequisite: 11-102 Principles of Accounting. 11-304 Auditing-Sp 5 hours Purpose and advantages of the different types of audits; duties and responsibilities of an auditor; audit practice, procedure, and reports. Prerequisite: 11-121 Introduction to Data Processing, 11-202 Intermediate Accounting, 11-212 Quantitative Methods. 11-306 Fund Accounting- W 4 hours Accounting and reporting principles, standards, and proce– dures applicable to not-for-profit organizations. Prerequisite: 11-201 Intermediate Accounting. 11-305 Accounting Information Systems -W 3 hours A study of the flow of information through the accounting system emphasizing systems analysis and design, internal controls, and computer applications in the business environment. Prerequisites: 11-101, 11-102 Principles of Accounting, 11-121 Introduction to Data Processing. BUSINESS ADMINISTRATION 11-211, 11-212 Quantitative Methods-A, W, Sp 4 hours each quarter An introduction to quantitative methods used in business deci– sion making. Topics include probability, sampling, estimation re– gression, correlation, and time-series analysis. 11-216 Business Communications -A, W, Sp 3 hours A preparation for the skill of originating all types of business letters, reports, memoranda, and other media of communication. 11-217 Real Estate Principles -Sp 4 hours Fundamental principles and theories of real estate are covered ii;iclud~ng the law of licensing, regulations regarding advertising, fmancmg, settlements, codes of ethics, and the market cycle. The social and economic impact of real estate in modern society is stressed. Factors affecting real estate such as urban land economics, city planning, urban development regulations of land use, principles of value and real estate evaluation, ownership, na– ture and classification of land, management of property, law, and market analysis are examined. (Alternate, odd years) 11-218 Real Estate Law - Sp 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, brokerage law, and judgments and liens are also examined. The student studies Ohio real estate 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) 11-311 Business Law -A, Sp 5 hours A study of contracts, sales, bailments, negotiable instruments, agency, employer-employee relationships, partnerships, corpo– rations, insurance, and property. 11-313 Government and Business-W 4 hours