1995-1996 Academic Catalog

66 Business Course Descriptions Departmental Courses Accounting ACCT-211,212 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, manage– ment accounting, taxes, and payroll. Prerequisite: sophomore classification. ACCT-311,312,313 Intermediate Accounting--A,W,Sp 3 hours each quarte1· Review of fundamentals, basic accounting theory, and practice. Development of the ability to analyze accounting problems and present clear, supportable solutions is stressed. Prerequisite: ACCT-212 Principles of Accounting. ACCT-315 Accounting Information Systems--Sp 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: ACCT-212 Principles of Accounting, CIS-220 Computer Information Systems. ACCT-317 Cost Accounting--Sp 5 hours Principles of industrial and distribution cost accounting, job order and process cost systems, and standard costs. Prerequisite: ACCT- 212 Principles of Accounting. ACCT-411 Federal Income Taxes--A 4 hours Proper preparation of federal income tax returns for individuals, partnerships, and corporations. Students are introduced to income tax planning and the effect of income taxes on business decisions. Prerequisite: ACCT-211,212 Principles of Accounting, BUS- 211,212 Statistics, ECON-233 Microeconomics, ECON-234 Macroeconomics. ACCT-412 Auditing--A 4 hours A study of auditing standards and related auditing procedures. Topics include evaluation of audit evidence, professional responsi– bilities, and auditors' reports and opinions. Prerequisites: ACCT- 211,212 Principles of Accounting, ACCT-313 Intermediate Accounting, BUS-211,212 Statistics, CIS-220 Computer Informa– tion Systems, ECON-233 Microeconomics, ECON-234 Macroeconomics. ACCT-413 Advanced Accounting--Sp 4 hours A study of consolidated financial statements, foreign exchange, estates and trusts, branch accounting, and related problems. Prerequisite: ACCT-211,212 Principles of Accounting, ACCT-313 Intermediate Accounting, BUS-211,212 Statistics, ECON-233 Microeconomics, ECON-234 Macroeconomics. ACCT-415 Fund Accounting--Sp 4 hours Accounting and reporting principles, standards, and procedures applicable to not-for-profit organizations. Prerequisite: ACCT- 211,212 Principles of Accounting, ACCT-313 Intermediate Accounting, BUS-211,212 Statistics, ECON-233 Microeconomics, ECON-234 Macroeconomics. (odd years) ACCT-417 Advanced Cost Accounting--Sp 4 hours Advanced topics in accounting for manufacturing companies and the use of the computer in cost accounting applications. Prerequisite: ACCT-211,212 Principles of Accounting, ACCT-317 Cost Account– ing, BUS-211,212 Statistics, ECON-233 Microeconomics, ECON- 234 Macroeconomics. (even years) ACCT-419 Advanced Accounting Problems--W 4 hours Comprehensive review of the application of accounting principles, using specific problems and development of approaches to problem solving. Useful as intensive preparation for the C.P.A. examination. Prerequisite: ACCT-313 Intermediate Accounting. ACCT-421 Advanced Taxation--W 4 hours An examination of the tax provisions governing C Corporations, S Corporations, Partnerships, and Estates. Analyzes international and multi-state taxation of corporations. Prerequisite: ACCT-411 Federal Income Taxes. Business Administration BUS-100 Business Prologue--Sp 1 hour An introduction to the career opportunities in business and industry, a preview of the programs of study within business, and a look at ethical foundations for the study and practice of business as a Christian professional. This course must be taken the first available quarter the student enters Cedarville College. Open to undeclared students and business majors only. BUS-211,212 Statistics--A,W,Sp 3 hours each quarter An introduction to statistical methods used in business decision– maldng. Topics include probability, sampling, estimation, regres– sion, correlation, and analysis of variance. Prerequisite: GSCI-190 Calculus for Business. BUS-216 Business Communications--A 4 hours Instruction for writing business letters, memos, and business reports. Oral business presentations, small group communication, and the communication process in general are also discussed. Prerequisites: ENG-110, 140 English Composition I and II. BUS-218,318 Business Law--A,W,Sp 4 hours each quarter Study of contracts, sales, bailments, negotiable instruments, agen– cy, employer-employee relationships, partnerships, corporations, insurance, and property. Prerequisite for BUS-318 is BUS 218. BUS-291 International Business--A 3 hours To give a global perspective of the business environment, interna– tional business terms are defined and the interactions of the various actors, firms, institutions, countries, and groups of countries are developed. An environmental approach including both cultural and financial perspectives develops a broad view of the world economy. BUS-311 Decision Analysis--A,Sp 3 hours Introduces mathematical methods of decision analysis. Topics include probability, forecasting, decision under uncertainty, decision trees, inventory models, linear programming, and networks. Prerequisite: Bus-212 Statistics II. BUS-340 Independent Study in Business Administration 1-4 hours Research in problems of accounting, computer information systems, general business, economics, finance, management, marketing, or secretarial administration. BUS-341 Topics in Business 1-5 hours A variety of courses is covered under this heading on an experi– mental basis. This allows the department to meet the changing needs of the students without formally adding or dropping courses on a quarterly basis. BUS-345 Business Internship 4-16 hours A work-study program designed for junior and senior business administration majors to receive a variety of job-related experiences in a business environment. The program is arranged and adminis– tered by the department. BUS-442 Business Seminar--A,W,Sp 3 hours Discussion of current business topics. Open only to seniors in business administration. Prerequisites: ACCT-211,212 Principles of Accounting, BUS-211,212 Statistics, ECON-233 Microeco– nomics, ECON-234 Macroeconomics. BUS-499 Executive Development--A,W,Sp 0 hours A program of professional development activities which prepares students to move into a corporate environment. Senior business majors are required to maintain enrollment in this program during their last three quarters. Prerequisites: ACCT-211,212 Principles of Accounting, BUS-211,212 Statistics, ECON-233. Microeconomics, ECON-234 Macroeconomics. (Fee: $10) Business Education BSED-347 Materials in Business Subjects--A 2 hours A study of the materials used in teaching business subjects in high school. BSED-348 Clinical Teaching--Business--A,W,Sp 1-3 hours A clinical experience required of teacher education students. The course includes sixty-six clock-hours of on-campus experiences that are analogous to secondary school teaching. These experiences are arranged by the department and are supervised and evaluated as part of teacher-training requirements. They may be taken in one, two, or three credit hour segments.