2008-2009 Academic Catalog

Course Descriptions Course Descriptions 190 Cedarville University 2008–09 ACCT-2110 – AES-3311 A Accounting (ACCT) 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. Air Force ROTC (AES) AES-1210,1220 The Air Force Today 1 hour/sem A survey course designed to introduce students to the United States Air Force and the Air Force Reserve Officer Training Corps (ROTC). Featured topics include the mission and organization of the Air Force, officership and professionalism, military customs and courtesies, Air Force officer career opportunities, group leadership problems, and an introduction to communication skills. AES-1211 0 hours Leadership Laboratory (GMC): Applied Air Force ROTC Training This lab provides an opportunity for students to apply Air Force procedures, techniques, and knowledge. Students will learn the Air Force organizational structure as well as customs and courtesies. GMC cadets will also develop their followership and teamwork skills in a cadet-led, cadre-supervised lab environment. Taken concurrently with 1000-level AES courses. Credit/no credit. AES-2210,2220 History of the Air Force 1 hour/sem A survey course designed to provide students with an overview of the general aspects of air and space power through a historical perspective. It begins with the first military application of balloons through the actions in Kosovo and Afghanistan. It also shapes communication skills introduced in the freshman year. AES-2211 0 hours Leadership Laboratory (FTP): Applied Air Force ROTC Training This lab further develops skills and concepts introduced in the GMC Leadership Laboratory. Students are prepared mentally and physically for the demanding requirements of the upcoming Field Training summer program. Training is cadet-led, where the students will display their ability to apply Air Force concepts and procedures. Taken concurrently with 2000-level AES courses. Credit/no credit. AES-3310,3320 3 hours/sem Air Force Leadership and Management This course is a study of quality leadership and management fundamentals, professional military knowledge, Air Force doctrine, leadership ethics, and communication skills. Students use case studies to examine Air Force leadership and management situations. AES-3311 0 hours Leadership Laboratory (ICL): Applied Air Force ROTC Training The (ICL) lab builds the foundation of leadership skills required as an Air Force Officer. Cadets apply leadership/management concepts learned in Field Training and previous aerospace studies classes and labs to assist in training the GMC cadets. Taken concurrently with 3000-level AES courses. Credit/no credit.