1998-1999 Academic Catalog

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 CPA examination. Prerequisite: ACCT-313 Intermediate Accounting Ill. ACCT-421 Advanced Taxation-W 4 hours An examination of the tax provisions governing C Corporations, corporations, partnerships, and estates. Analyzes international and multi-state taxation of corporations. Prerequisite: ACCT-411 Federal Income Taxes. AC.CT-481 Senior Seminar in Accounting 2 hours A fmum for discussion of contemporary topics and issues in accounting. Cuirnnt 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-4J2 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 1--'-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-218 Business Law I-A,Sp 4 hourn 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-299 Personal Development 0 hours A program of activities to encourage the development of character traits in sophomore business students that are vital for their professional and personal growth. Sophomore business majors are required to maintain enrollment in this program for the three quarters of their sophomore year. (Fee: $10) 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. Prerequi– site: BUS-212 Statistics II; junior status. BUS-318 Business Law II-Sp 4 hours Study of employee law, negotiable instruments, agency, partnership 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 are covered under this heading on an experimen– tal 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 administered 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. (Fee: $20/$10/$10) BUS-442 Business Seminar-A,W,Sp 3 hours Discussion of current business topics. Open only to seniors in business administration. BUS-499 Executive Development-A,W,Sp 0 hourn A program of professional development activities that prepares students to move into a corporate environment. Senior business majors are required to maintain enrollment in this program during their last three quarters. (Fee: $10) Economics ECON-233 Microeconomics-A,W 4 hours That area of economic inquiry that is concerned with the effect of human behavior on the conduct of affairs within rather narrnwly defined units. It is the study of decision making regarding consump– tion, production, and exchange that is carried on by individual households and by business firms. ECON-234 Macroeconomics-W,Sp 4 hours That ar·ea of economic study that focuses on how human behavior affects outcomes in highly aggregated markets, such as the market for labor, or for consumer products. It is a study of the behavior of the economy as a whole, including the study of economic phenomena such as interest rates, the price level and national income, and output and employment. Prerequisite or corequisite: ECON-233 Micro– economics or permission of instructor. ECON-313 Govemment and Business-Sp 4 hours A study of the governmental agencies and their effect on American business. Case studies and current events are developed to show the trends and status of various laws and regulations. The econoinic impact and difficulties which arise in managing a business are reviewed. Prerequisite: ECON-233 Microeconomics. (odd years) ECON-331 International Money and Capital Markets-Sp 4 hours A studY. of money, banking, and monetary theory, with particular· emphasis on international financial markets. Prerequisite: ECON-234 Macroeconomics or permission of instmctor. ECON-334 History of Economic Thought-Sp 4 hours Principal figures in the development of economic ideas, and the contribution of each period of economic thought from the mercantilist to the present. Prerequisite: ECON-233 Microeconomics. (even year·s) ECON-335 Comparative Economic Systems-A 4 hours Analysis of different types of economic systems. Special emphasis is placed on centralized planning from both a theoretical and empirical perspective. Centralized economic planning is compared and contrasted with a free-market distribution of resources. Individual country case studies are included. Prerequisite: ECON-234 Macro- economics or pennission of instructor. (odd years) ECON-336 International Trade and Economics-W 4 hours A study of international economic theory and international trade policy. The economic basis of trade and factor mobility, the benefits of international trade, and the barriers to international trade flows will be examined. Prerequisite: ECON-233 Microeconomics or permission from instructor. ECON-337 Labor Economics-A 4 hours An examination of the role of unions and the labor market in a free enterprise system. Emphasis is given to the impact of unions as a social institution in the collective bargaining process. Labor legislation and the labor movement are studied from both an historical and current perspective. Prerequisite: ECON-233 Microeconomics. · (even years)