2006-2007 Academic Catalog

School of Social Science and Professional Studies Business Administration Business Administration 2006-07 Cedarville University 61 Course Descriptions Accounting ACCT-2110 Principles of Accounting I –Fa, Sp 3 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-2120 Principles of Accounting II –Fa, Sp 3 hours A continuation of accounting for business organizations. Topics include cash flow statements, investments, and managerial accounting concepts. Prerequisite: ACCT-2110 Principles of Accounting I. ACCT-3110 Intermediate Financial Accounting I –Fa 3 hours Theoretical concepts and accounting standards that form the basis for accounting practices, financial statement preparation, and analysis. Topics include financial statement formats, present value, and accounting for receivables and inventory. Prerequisite: ACCT-2120 Principles of Accounting II. ACCT-3120 Intermediate Financial Accounting II –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 fixed assets, intangible assets, current liabilities, long-term debt, and stockholders’ equity. Prerequisite: ACCT-3110 Intermediate Financial Accounting I. ACCT-3150 Accounting Information Systems –Fa 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-2120 Principles of Accounting II; MIS-1500 Information Technology for Business; junior status. ACCT-3170 Managerial Accounting –Sp 3 hours Principles of industrial and distribution cost accounting, job order and process cost systems, and standard costs. Prerequisite: ACCT-2120 Principles of Accounting II. ACCT-4110 Federal Income Taxes –Fa 3 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-2120 Principles of Accounting II. ACCT-4120 Auditing –Fa 3 hours A study of auditing standards and related auditing procedures. Topics include evaluation of audit evidence, professional responsibilities, and auditors’ reports and opinions. Prerequisite: ACCT-3120 Intermediate Financial Accounting II. ACCT-4130 Advanced Financial Accounting –Sp 3 hours A study of consolidated financial statements, foreign exchange, estates and trusts, branch accounting, and related problems. Prerequisite: ACCT-3120 Intermediate Financial Accounting II. ACCT-4150 3 hours Government and Nonprofit Accounting –Fa Accounting and reporting principles, standards, and procedures applicable to nonprofit organizations. Prerequisite: ACCT-3120 Intermediate Financial Accounting II; or permission of instructor. ACCT-4170 Advanced Managerial Accounting –Sp 3 hours Advanced topics in accounting for manufacturing companies and the use of the computer in cost accounting applications. Prerequisite: ACCT-3170 Managerial Accounting. ACCT-4190 CPA Review –Sp 3 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-3120 Intermediate Financial Accounting II. ACCT-4210 Taxation of Business Entities –Sp 3 hours An examination of the tax provisions governing C Corps, S Corps, partnerships, and estates. Analyzes international and multi-state taxation of corporations. Prerequisite: ACCT-4110 Federal Income Taxes. ACCT-4810 Seminar in Accounting –Sp 1 hour 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. Prerequisites: ACCT-3170 Managerial Accounting; ACCT-4110 Federal Income Taxes; ACCT-4120 Auditing. Business Administration BUS 1410-Topics in Business –Su 1-3 hours A variety of courses are covered under this heading on an experimental basis. This allows the department to meet the changing needs of the students without formally adding or dropping courses. BUS-2100 Business Communication –Fa 3 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-1400 Composition. BUS-2110 Statistics I –Fa, Sp 2 hours An introduction to statistical methods used in business decision making, including descriptive statistics, probability, probability distributions, estimation, and hypothesis testing. Prerequisite: GMTH-1040 Calculus for Business BUS-2120 Statistics II –Fa, Sp 2 hours An extension of Statistics I to include tests of hypothesis, analysis of variance, chi-square, simple and multiple regression models. Prerequisite: BUS-2110 Statistics I BUS-2180 Business Law I –Fa, Sp 3 hours A study of the legal business law environment, contracts, sales, bailments, and property. BUS-3150 Operations Analysis –Fa, Sp 2 hours Introduces mathematical methods of decision analysis. Topics include probability, forecasting, decision under uncertainty, decision trees, inventory models, linear programming, and networks. Prerequisites: BUS-2120 Statistics II; junior status. BUS-3180 Business Law II –Sp 3 hours A study of employee law, negotiable instruments, agency, partnership corporations, insurance, and will. Prerequisite: BUS- 2180 Business Law I. BUS-3280 3 hours Entrepreneurship and Service Practicum –Fa In this course, students will apply concepts from the corequisite courses in which they are enrolled to their own start-up business ventures and to community service projects. Students in the class will form a 30 to 35 person company. Each company will develop a plan of organization to form and operate a business for the semester, as well as an organizational and operating plan to complete a community service project. Prerequisites: MIS-1500; MIS-1510; ACCT-2110; ACCT-2120; BUS-2120; BUS-2180; ECON-2330; ECON-2340. Corequisites: MRKT-3600; MGMT- 3500; FIN-3710 (Blocked courses). BUS-3400 1-3 hours Independent Study in Business Administration –Fa,Sp,Su Research in problems of accounting, management information systems, general business, economics, finance, management, or marketing. BUS-3410 Topics in Business –Fa,Sp,Su 1-3 hours A variety of courses are covered under this heading on an experimental basis. This allows the department to meet the changing needs of the students without formally adding or dropping courses.