2018-2019 Undergraduate Academic Catalog

School of Business Administration Course Descriptions 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 –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. Prerequisites: ACCT-2120 Principles of Accounting II; ITM-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-3410 Topics in Accounting –Fa, Sp, Su 1–3 hours A variety of topics 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. ACCT-4110 Federal Income Taxes –Fa 3 hours Examines the computation of federal income tax liabilities for individuals and sole proprietorships. Typical course content includes income, exclusions, exemptions, deductions, credits, property transactions, and tax accounting methods. Introduces basic principles of tax research and planning 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-4220 International Accounting –Sp 3 hours This course offers information about global accounting diversity and the reasons for it. International Financial Reporting Standards (IFRS) are discussed along with the history of international standard development. Foreign currency exchange rates, transactions, and hedging are covered. Students also do research into accounting in multinational corporations. Prerequisites: ACCT-2110 Principles of Accounting I,ACCT-2120 Principles of Accounting II. 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) BUS-1000 The Business Profession –Fa, Sp 2 hours Provides a broad and comprehensive introduction to the field of business and encourages students to discover their calling to ministry in the marketplace. Includes an introduction to the academic requirements of the program and provides opportunity for practical experience in the field of business. (Fee $25) BUS-2100 Business Communication –Fa, Sp 3 hours Instruction for writing business letters, memos, email, and business reports. Oral business presentations, group collaboration, and the communication process in general are also discussed. Prerequisite: ENG-1400 Composition. BUS-2150 Statistics for Business –Fa, Sp 3 hours An introduction to statistical methods used in business decision making including descriptive statistics, probability, probability distributions, interval estimation, hypothesis tests involving variances, t-tests, Chi-square tests, F-tests, regression models, and time series. Prerequisites: GMTH-1020 College Algebra. BUS-2170 Introduction to Business Analytics –Sp 3 hours This course will expose students to the data analytics practices executed in the business world. Key areas include the analytical process; how data is created, stored, accessed; and how the organization works with data and creates the environment in which analytics can flourish. The course will explore the use of statistical programming languages and packages to perform data analysis. This course also provides a basis for going deeper into advanced investigative and computational methods. Prerequisites: ITM-2100 Database Management ; BUS-2150 Statistics for Business. (even years 2017–18 Undergraduate Academic Catalog Page 229 Course Descriptions ACCT-2110 – BUS-2170 BUSINESS ADMINISTRATION