1996-1997 Academic Catalog

s Administration Course Descriptions Departmental Courses Accou11ting ACCT-211 Principles of Accounting I-A,W 5 hours An introduction to accounting for business organizations with an emphasis on financial statement preparation and interpretation. Topics include the accounting cycle, present value, and accounting for stock and debt instruments. Prerequisite: sophomore status. ACCT-212 Principles of Accounting 11-W, Sp 5 hours A continuation of accounting for business organizations. Topics include cash flow statements, investments, and managerial account– ing concepts. Prerequisite: ACCT-211 Principles of Accounting I. ACCT-311 Intermediate Accounting I-A 3 hours Theoretical concepts and accounting standards, which form the basis for accounting practices, financial statement preparation, and analysis. Topics include financial statement formats, present value, accounting for receivables and inventory. Prerequisite: ACCT-212 Principles of Accounting II. ACCT-312 Intermediate Accounting 11-W 3 hours Continuation of theoretical concepts and accounting standards that form the basis for accounting practices and financial statement preparation and analysis. Topics include accounting for fixed assets, intangible assets, current liabilities, longterm debt, and stockholders' equity. Prerequisite: ACCT-311 Intermediate Accounting I. ACCT-313 Intermediate Accounting III-Sp 3 hours Continuation of theoretical concepts and accounting standards that form the basis for accounting practices and financial statement preparation and analysis. Topics include accounting for EPS, income tax allocation, accounting changes, cash flows, leases, and pensions. Prerequisite: ACCT-311 Intermediate Accounting I. 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. Prerequisite: ACCT-212 Principles of Accounting II; CIS-220 Computer Information Systems; junior status. 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-212 Principles of Accounting II. 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. Prerequisite: ACCT-313 Intermediate Accounting III. 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-313 Intermediate Accounting III. ACCT-415 Government and Nonprofit Accounting-Sp 4 hours Accounting and reporting principles, standards, and procedures applicable to not-for-profit organizations. Prereq11isite: ACCT-312 Intermediate Accounting Il. 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-317 Cost Accounting. (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. Prereq11isite: 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. ACCT-481 Senior Seminar in Accounting 2 hours A forum for discussion of contemporary topics and issues in accounting. Current issues will be chosen from topics in financial and managerial accounting, auditing, tax, and governmental and nonprofit accounting. Prerequisite: ACCT-317 Cost Accounting; ACCT-411 Federal Income Taxes; ACCT-412 Auditing. 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 Statistics I-A,W 3 hours An introduction to statistical methods used in business decision making. Techniques utilizing descriptive and inferential statistics are employed. Prerequisite: GSCI-190 Calculus for Business. BUS-212 Statistics II-W,Sp 3 hours A continuation of Statistics I further developing statistical methods used in business decision making. Emphasis is placed on inferential statistics and interpretation of computer generated output. Prerequisite: BUS-211 Statistics I. 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. Prerequisite: ENG-140 English Composition II. BUS-218 Business Law I-A,W,Sp 4 hours Study of the legal business law environment, contracts, sales, bailments, and property. 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; junior status. BUS-318 Business Law 11-W 4 hours Study of employee law, negotiable instruments, agency, partner– ship corporations, insurance, and will. Prerequisite: BUS-218 Business Law I. 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-399 Professional Development- A,W,Sp 0 hours A program of activities that prepares students to investigate career alternatives and initiate a job search strategy. Junior business majors are required to maintain enrollment in this program for the three quarters of their junior year.