UNDERGRADUATE COURSE DESCRIPTIONS

ACCOUNTING COURSES (ACCT)

Accounting majors acquire the skills to plan, implement and control managerial activities and financial operations within organizations. They may go in to become professional Certified Accountants and go into business for themselves or work in a professional accounting firm. Accounting is an essential business function.

ACCT 101 Introduction to Accounting I (3 Credits)

Fundamentals needed by business students and potential accounting majors to understand the accounting equation and its applications, including the posting, and summarization of accounting data, and the preparation of basic financial statements. Emphasis is placed on the understanding of accounting data from the user's point of view. There is thus emphasis on analysis and interpretation of accounting data and understanding the accounting concepts needed in making internal management decisions.

ACCT 102 Introduction to Accounting II (3 Credits)

Fundamentals needed by business students and potential accounting majors to understand the accounting equation and its applications, including the posting, and summarization of accounting data, and the preparation of basic financial statements. Emphasis is placed on the understanding of accounting data from the user's point of view. There is thus emphasis on analysis and interpretation of accounting data and understanding the accounting concepts needed in making internal management decisions. ACCT 102 is a continuation of ACCT 101.

ACCT 200 Principles of Accounting (3 Credits)

Course is designed for accounting majors and other business students who require further training in accountancy. The course builds upon the fundamental accounting principles given in ACCT 101 and 102 and gives students the necessary foundation to proceed to the intermediate level. The course covers basic Balance Sheet and Profit and Loss accounts in depth. It covers Partnerships and Corporations and introduces students to more advanced topics including budgeting, cost accounting, cash flows, etc.

Prerequisite: ACCT 102.

ACCT 203 Intermediate Accounting I (3 Credits)

Application of accounting principles to financial statement preparation. Emphasis on procedure and presentation; particular attention to cash, accounts receivable, and principles and concepts of inventory valuation. Technique and theory of accounting principles as applied to consignments, income statements, types of interest, etc.; detailed analysis of each balance account.

Prerequisite: ACCT 102

ACCT 204 Intermediate Accounting II (3 Credits)

Application of accounting principles to financial statement preparation. Emphasis on procedure and presentation; particular attention to cash, accounts receivable, and principles and concepts of inventory valuation. Technique and theory of accounting principles as applied to consignments, income statements, types of interest, etc.; detailed analysis of each balance account.

ACCT 204 is a continuation of ACCT 203.

Prerequisite: ACCT 102

Prerequisite: ACCT 203.

ACCT 301 Cost Accounting (3 Credits)

Cost Accounting treats accounting and managerial aspects in cost concepts including job order, process cost systems, flexible budgets, joint by-product costs, break-even points, differential cost, etc. Problems and practice projects are basis for study. Cost Accounting II involves principles and procedures with emphasis on problems of cost analysis.

Prerequisite: ACCT 200 or permission of Department Chair.

ACCT 305 Auditing (3 Credits)

Auditing treats principles, standards, and procedures. Key subjects includes: auditing concepts, beginning an audit, audit programs, audit working papers, procedures applicable to assets, liabilities, and proprietorship accounts and includes closing the audit, post-audit considerations, and preparation of the auditor's report.

Prerequisite: ACCT 200 or permission of Department Chair.

ACCT 360 Co-op Experience I in Accounting (3 Credits)

Minimum 20 hours per week of supervised work site experience for 12 weeks beginning the junior year.

Prerequisite: By permission of the Department Chair.

ACCT 361 Co-op Experience II in Accounting (3 Credits)

Minimum 20 hours per week of second term supervised work site experience for 12 weeks.

Prerequisite: By permission of the Department Chair.

ACCT 401 Advanced Accounting I (3 Credits)

Advanced Accounting I deals with branch accounting, merger and consolidations.

Prerequisite: ACCT 204

ACCT 402 Advanced Accounting II (3 Credits)

Advanced Accounting II deals with partnerships, trusts, insurance, governmental accounting and other advanced topics.

Prerequisite: ACCT 204 and ACCT 401 or permission of Department Chair.

ACCT 406 Governmental Accounting (3 Credits)

Concepts and procedures appropriate to accounting for activities of governmental, quasi-governmental, and nonprofit units and institutions. This is the capstone course.

Prerequisite: ACCT 200 or permission of Department Chair.

ACCT 411 International Accounting and Taxation (3 Credits)

Focuses on international problems and injects broadest possible perspective into the development and application of accounting thought. Covers concepts such as replacement values in accounts or most reasonable premise of financial statement consolidation for purposes of reporting to stockholders; differences in methods and procedures, e.g., translation of foreign currency amounts and providing for depreciation.

ACCT 415 Certified Public Accounting Review I (3 Credits)

A complete review of accounting theory and practice, business law, ethics, taxation and auditing in preparation for taking the Uniform Examination for Certified Public Accountants.

ACCT 416 Certified Public Accounting Review II (3 Credits)

A complete review of accounting theory and practice, business law, ethics, taxation and auditing in preparation for taking the Uniform Examination for Certified Public Accountants.

ACCT 436 Managerial Accounting (3 Credits)

Case studies and detailed techniques of cost accounting, internal auditing and controllership. Course provides understanding of important dimensions of management function of accounting.

ACCT 460 Co-op Experience III in Accounting (3 Credits)

Minimum 20 hours per week of third term supervised work site experience for 12 weeks.

Prerequisite: By permission of the Department Chair.

ACCT 461 Co-op Experience IV in Accounting (3 Credits)

Minimum 20 hours per week of fourth term supervised work site experience for 12 weeks during the senior year.

Prerequisite: By permission of the Department Chair.

ACCT 480 Federal Taxation I (3 Credits)

Federal Taxation I treats principles and practice of federal tax with topics including gross income, itemized deductions, capital gains and losses, net operating loss, carrying forward and back, history of taxation, inception of law, credits, exemptions, tax research, and operation of tax forms.

ACCT 481 Federal Taxation II (3 Credits)

Federal Taxation II deals with more involved problems of income determination, reorganization, partnership and specially taxed corporations, foreign taxes, Social Security, estate and gift taxes, and administrative procedures.

ACCT 482 Federal Taxation III (3 Credits)

Federal Taxation III provides an in-depth understanding of a broad spectrum of federal income taxation and a review of tax procedures and law for the Internal Revenue Service Special Enrollment Examination. Useful as a refresher course in federal tax procedures for the tax practitioner. Prerequisite: Either ACCT 480 or ACCT 481 can be taken first but both should be taken before ACCT 482.

ACCT 485 Computerized Accounting Information System (3 Credits)

Design, development of general and specialized accounting computerized information systems including the role of accounting information systems within business operating environments.

Prerequisite: ACCT 200.

ECONOMICS COURSES (ECON)

Economics is the study of the allocation of scarce resources among completing ends. It is a fundamental building block for courses in business management.

ECON 201 Principles of Economics I (Macro) (3 Credits)

Introduction to U.S. economic system; income; employment and fiscal policy; money and monetary policy; equilibrium; selected economic ideas, issues and policies.

Prerequisites: ENGL 101, ENGL 102, MATH 101, and MATH 102.

ECON 202 Principles of Economics II (Micro) (3 Credits)

Economics of the firm, resource allocation and prices, equilibrium and welfare economics; and selected economic ideas, issues and policies.

Prerequisites: ENGL 102, MATH 102.

ECON 203 Survey of Economics

An introductory survey of economic theory within the framework of the free enterprise system. Topics include scarcity and utilization of resources, consumer behavior, production and costs within different market structures, measurement of national income, inflation and economic growth, the role of monetary policies and global economic relations.

FINANCE AND BANKING COURSES (FIBA)

Financial management is an essential element of profit and nonprofit organizations. Financial management majors acquire the skills to plan, implement and control managerial activities and financial operations within organizations. Graduates are qualified to work in banks and other financial institutions and to perform financial management functions in other organizations.

FIBA 201 Fundamentals of Finance (3 Credits)

An introduction to the Finance discipline. Financial administration, including expense control, budgeting, credit, protection against risk, investment analysis and portfolio management.

FIBA 203 Risk and Insurance (3 Credits)

Analysis of concepts of risk and strategies available to insure against risk. In-depth study of various types of insurance. Emphasis upon the viewpoints of risk managers and consumers.

FIBA 204 Corporate Financial Management (3 Credits)

Introduction to corporate managerial finance. Forecasting and planning of corporate financial requirements. Decisions relating to working capital, major capital investments and financing.

Prerequisite: ACCT 102

FIBA 301 Money and Banking (3 Credits)

Survey of development and use of money and credit, and effects of variation in supply; significant monetary theories; Federal Reserve Systems; monetary policy tools and their use for economic stabilization; current issues in monetary policy.

Prerequisite: ECON 201.

FIBA 302 Principles of Banking (3 Credits)

Overview of the commercial bank, its functions, management, and role in the economy. Topics include the structure of the banking system, the organizational structure of commercial banks, bank asset and liability management, credit analysis, lending policies, various types of loans, and current issues in banking.

Prerequisite: FIBA 301.

FIBA 303 Financial Statement Analysis (3 Credits)

Interpretation of financial statements including the classification of balance sheet items and comparative analysis of balance sheets; critical financial analysis of income statements and statements of sources and application of funds including pertinent tests and ratios.

Prerequisites: FIBA 201, ACCT 102.

FIBA 360 Co-op Experience I in Finance/Banking (3 Credits)

Minimum 20 hours per week of supervised work site experience for 12 weeks.

By permission of the Department Chair.

FIBA 361 Co-op Experience II in Finance/Banking

3 Credits

Minimum 20 hours per week of second term of supervised work site experience for 12 weeks.

By permission of the Department Chair.

FIBA 400 Directed Individual Study and Research (3 Credits)

Permits student to develop and present for credit an individual project of special interest within a given academic discipline. Format and content of the project must be approved by the designated faculty member with criteria of approval being: relevance to current issues in the field, originality of subject area, and intellectual significance. This option is available as part of each discipline listed in the catalog, but a student may elect only one such course with the sequence of total credit hours required for the baccalaureate degree. Admission is by consent of the Department Chair only and is open only to seniors.

FIBA 402 International Finance (3 Credits)

Principles of international finance; exchange rate and balance of payments theory; the international financial system; international capital markets and institutions; role of international capital flow in economic development; international cash flow management.

Prerequisite: FIBA 204.

FIBA 460 Co-op Experience III in Finance/Banking (3 Credits)

Minimum 20 hours per week of supervised work site experience for 12 weeks.

By permission of the Department Chair.

FIBA 461 Co-op Experience IV in Finance/Banking (3 Credits)

Minimum 20 hours per week of fourth term of supervised work site experience for 12 weeks.

By permission of the Department Chair.

FIBA 479 Financial Management Decision Tools (3 Credits)

In-depth study and analysis of financial management cases using computer spreadsheets. Cases include cash budgeting, capital budgeting, financial statement analysis, and financial forecasting. Additional cases in capital structure, leasing, and bond refunding may be used at the option of the instructor. Prior knowledge of Lotus 1-2-3 helpful but not required. Designed as the capstone course, it should be taken within the last two quadmesters of study.

Prerequisite: FIBA 204

FIBA 481 Investments (3 Credits)

Security markets; various types of investment securities; recognized accepted tests of safety, income, and marketability; management of portfolios; techniques for analysis and interpretation of corporate reports.

Prerequisites: FIBA 201, 204.

FIBA 482 Real Estate Investment Strategy (3 Credits)

Development of the comprehensive investment analysis tools necessary to make rational and analytical real estate decisions. Principles basic to the formulation of an investment strategy. Definition of investment objectives. Theory and measurement of risk and return.

Prerequisite: FIBA 204.

FIBA 483 Commercial Lending ( 3 Credits)

Overview of commercial lending functions with emphasis on responsibilities of the bank loan officer. Topics include the lending process, loan portfolio management, government regulation, new business development credit analysis, types of commercial loans, and the loan decision process.

Prerequisite: FIBA 302.

FIBA 484 Consumer and Commercial (3 Credits)

Overview of consumer and commercial credit including the management function and government regulations. Introduction to the world of credit including consumer credit, commercial credit, the credit decision, financial statement and analysis, collection policies and practices, and the legal framework (both federal and state) within which consumer and commercial credit operations are conducted.

FIBA 485 International Lending (3 Credits)

Comprehensive overview of international banking, the functions and responsibilities of the international loan officer and the role that commercial and government financial institutions play in facilitating world trade. Includes balance of payments and country risk; letters of credit; principles of foreign exchange; principles of international lending; national and international government lending agencies; project financing, and trade financing.

FIBA 491 Special Topics in Finance (3 Credits)

This course will deal with special financial topics. The seminar approach will be used. Refer to class schedule for topic offering and specific course description.

Prerequisite: FIBA 204.

BUSINESS MANAGEMENT COURSES (MGMT)

Business management majors study from a broad and comprehensive perspective. They are prepared for leadership positions in business, government and nonprofit organizations.

MGMT 201 Principles of Organizational Management (3 Credits)

Introduction to the basic functions of management in task-oriented organizations. Functions of production, marketing, finance, and personnel are explored, along with staff services and social responsibility. Impact of the contemporary setting on organizational structure and responses.

MGMT 224 Management Science (3 Credits)

Introduction to business use of operations research with stress on such quantitative decision-making concepts as linear programming, simulation, and modeling. Students participate in computer based managerial simulation, providing for decision-making in the areas of accounting, finance and banking, marketing, production, personnel, and general management.

Prerequisites: MATH 101 and MATH 102.

MGMT 301 Business Personnel Administration (3 Credits)

Problems and issues in personnel administration, organizations and tasks of the personnel office; line management responsibilities in selecting, placing, developing, training, and appraising personnel. Review of position classification and labor relations.

Prerequisite: MGMT 201.

MGMT 302 Systems Design Installation (3 Credits)

Practical working knowledge of analytical tools and methods used by modern managers to organize successfully and to operate new organizations. How to improve performance of existing organizational elements by identifying, evaluating, and correcting procedural deficiencies.

Prerequisites: MGMT 201, MGMT 202.

MGMT 303 Business Law for Managers (3 Credits)

This course considers topics of agency, employment, partnership, corporations, joint ventures, and estates and trusts. It provides instruction and practice in comparing law in different local jurisdictions, and in drafting business documents.

MGMT 360 Co-op Experience I in Management/Marketing (3 Credits)

Minimum 20 hours per week of supervised work site experience for 12 weeks beginning the junior year.

Prerequisite: By permission of the Department Chair.

MGMT 361 Co-op Experience II in Management/Marketing (3 Credits)

Minimum 20 hours per week of second term supervised work site experience for 12 weeks.

Prerequisite: By permission of the Department Chair.

MGMT 401 Social, Political and Legal Environment of Business (3 Credits)

The impact of the American social, political, and legal systems on business and on the development of regulations. Anti-trust, consumer, and environmental regulations. International implications of national policies and practices toward business.

Prerequisite: MGMT 201

MGMT 402 Small Business Seminar (3 Credits)

How to start and manage your own business. Discusses types and locations of business; legal organization; accounting and taxes; obtaining capital; controlling inventory; setting prices; staffing; insurance franchising; and cost and sources for specialized assistance.

Prerequisite: MGMT 201

NOTE: Credit will be given for either MGMT 402 or ENTP 215, not both courses

MGMT 403 Administrative Theory and Practice (3 Credits)

Management theory, concepts, and practices; manager's responsibilities and vital relationships.

Prerequisite: MGMT 301.

MGMT 404 International Management (3 Credits)

Characteristics of foreign countries and their potential impact on business decision-making including role of government, international agreements, international trade, cultures and regional differences.

Prerequisite: MGMT 401.

MGMT 406 Business Policy (3 Credits)

This is the capstone course in management and should be taken in the last or second to last term of the undergraduate program. It provides a synthesis of previous course material within the program. It is operated as a seminar and individual and group projects that demonstrate managerial competencies are a major portion of the course. A major thrust of the course is the application of concepts learned in the classroom to real world problems.

MGMT 460 Co-op Experience III in Management/Marketing (3 Credits)

Minimum 20 hours per week of third term supervised work site experience for 12 weeks during the senior year.

Prerequisite: By permission of the Department Chair.

MGMT 461 Co-op Experience IV in Management/Marketing (3 Credits)

Minimum 20 hours per week of fourth term supervised work site experience for 12 weeks during the senior year.

Prerequisite: By permission of the Department Chair.

MGMT 470 Special Topics in Business Management (3 Credits)

This seminar provides an opportunity for the student to become familiar with contemporary opportunities within the broad field of management. The topic(s) covered during each offering of the course will depend upon current trends in management. This course is available only to seniors. Students may take this course in place of a non-core course requirement with the approval of the Department Chair and the Chief Operating Officer for Academic Affairs.

MGMT 480 Directed Research (3 Credits)

Permits the student to develop and present for credit an individual project of special interest within the academic disciplines of management or marketing. Format and content of the project must be approved by the course instructor. The general criteria for a project are relevancy to current issues in this field, originality of subject area, and intellectual significance. This option is available only once during the student's program of study. Admission to this course requires the approval of the Department Chair.

MARKETING COURSES (MRKT)

Marketing majors are prepared for positions focusing on the provision of customer satisfaction through the exchange of goods and services. Marketing is an essential function for all organizations.

MRKT 202 Principles of Marketing (3 Credits)

Introduction to the marketing process; functions, institutions, and channels involved in distribution of goods and services from producers to consumers including a study of buying motives, marketing practices, strategies, and policies.

MRKT 320 Business Logistics (3 Credits)

Survey of logistic systems. Topics addressed include inventory policy, location of facilities, transportation, customer service, materials handling, multi-factory networks, and channel relationships.

Prerequisite: MGMT 224.

MRKT 321 Advertising (3 Credits)

Advertising and forms of sales promotion; techniques currently used by advertisers; investigation of media and their importance in development of advertising and promotion campaigns.

Prerequisite: MRKT 202

MRKT 323 Sales Management (3 Credits)

Organization of sales department, planning sales force activities, operations of sales forces and evaluation of results.

Prerequisite: MGMT 321.

MRKT 324 Industrial Marketing (3 Credits)

Aspects of marketing raw and semi-manufactured materials, equipment of all kinds, and other industrial goods; product, market, and channel analysis.

Prerequisite: MGMT 323.

MRKT 421 International Marketing (3 Credits)

Introduction to international business foreign trade policies; U.S. Markets for foreign goods and foreign markets for U.S. products; channels of international marketing including advertising and sales promotion, role of government.

Prerequisites: MGMT 401.

MRKT 423 Marketing Research (3 Credits)

Using case studies and actual marketing research, fieldwork techniques and methodology for mail, telephone, and personal interview surveys are examined. Topics include hypothesis testing, sample design, statistical sampling methodology, regression analysis techniques, questionnaire design and testing, and behavior measurement techniques. Sources of prior original research as well as published data are considered. Students will visit a marketing research firm and the Library of Congress if possible.

MRKT 424 Marketing Management (3 Credits)

This is the capstone course in marketing and should be taken in the last or second to last term of the undergraduate program. It provides an analysis of marketing problems; study of decision-making and managerial aspects of marketing using problem or case study approach; development of organizations and procedures for control of marketing activities; pricing, selection of channels, government controls; organization and direction of sales campaigns.

Prerequisites: MGMT 224.