2001-2002 Academic Catalog

s 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 ofAccounting II. 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 plam1ing and the effect of income taxes on 611siness decisions. Prerequisite: ACCT-212 Principles ofAccountingII. 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 I11ter111ediateAccounti11gIII. ACCT-413 Advanced Accounting-Sp 4 hours A study of consolidated financial statements, foreign exchange, estates and tlusts, branch accounting, and related problems. Prerequi– site: ACCT-313 Intermediate Accounting III. ACCT-415 Govemment and Nonprofit Accounting-Sp 4 hours Accounting and reporting principles, standards, and procedures applicable to nonprofit organizations. Prerequisite: ACCT-312 Intermediate Accounting II orper111issio11 o.f instmctor. ACCT-417 Advanced Cost Accounting 4 hours Advanced topics in accounting for manufacturing companies and the use of the computer in cost accounting applications. Prerequisite: ACCT-317 CostAccounting. (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 AccountingIII. 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. ACCT-481 Senior Seminar in Accounting 2 hours A forum for discussion of contemporaty topics and issues in accounting. Current issues will be chosen from topics in financial and managerial accounting, auditing, tax, and goverm11ental 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 industiy, a preview of the programs of study within business, and a look at ethical foundations for the study and practice of business as a Cln·istian professional. This course must be taken the first available quarter the student enters Cedarville University. Open to undeclared students and business majors only. BUS-211 Statistics l-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 Calculusfor 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 1-A,Sp 4 hours A study of the legal business law environment, contracts, sales, bailments, and property. BUS-291 Intemational 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-A,W,Sp 0 hours A program of activities to encourage the development of character traits in sophomore business students that are vital for their profes– sional and personal growth. Sophomore business majors are required to maintain enrollment in this program for the tln·ee quarters of their sophomore year. (Fee: $10) BUS-311 Decision Analysis-A,W,Sp 3 hours Introduces mathematical methods of decision analysis. Topics include: probability, forecasting, decision under uncertainty, decision trees, inventmy models, linear programming, and networks. Prerequi– site: BUS-212 Statistics Il;j1111ior status. BUS-318 Business Law II-Sp 4 hours A study of employee law, negotiable instruments, agency, partnership corporations, insurance, and will. Prerequisite: BUS-218 Business Lmv I. BUS-340 Independent Stndy in Business Administration 1-4 hours Research in problems of accounting, management information systems, general business, economics, finance, management, market– ing, 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 ofjob-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 Ethics and Social Res1>onsibility-A,W,Sp 3 hours Ethics asks questions about what goals one should pursue and what actions are appropriate in attempts to achieve these goals. The class examines alternative frameworks for analyzing difficult situations. Social responsibility refers to business decision-making linked to ethical values, compliance with legal requirements, and respect for people, communities, and the enviro11111ent. Ultimately, the class will deal with how our biblical worldview defines and drives the choices we face in the business world. Open only to seniors in business administration. BUS-499 Executive Development-A,W,Sp 0 hours 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 quatiers. (Fee: $10) Economics ECON-233 Microeconomics-A,W 4 hours That area of economic inquity that is concerned with the effect of human behavior on the conduct of affairs within rather narrowly 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 area 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 orper111issio11 ofinstructor. ECON-313 Government and Business-Sp 4 hours A study of the governmental agencies and their effect on An1erican business. Case studies and current events are developed to show the trends and status of various laws and regulations. The economic impact and difficulties which arise in managing a business are reviewed. Prerequisite: ECON-233Microeconomics. (odd years)