38 Accounting The following curriculum is designed for a student who plans to qualify for a position as an accountant in two years. Freshman Year A. W. S. Business 1, 2, 3 5 5 5 Business 16, 10 5 5 Business 90 3 Economics 4 5 Economics 16 3 Health Education 1 2 Orientation 1 2 Physical Education Ill Electives 3 2 16 16 16 Sophomore Year A. W. S. Business 4, 5, 6 5 5 5 Business 15, 12, 17 5 5 3 Business 84, 85, 86 3 3 3 Economics 1, 2, 3 3 3 3 English 11 2 Physical Education Ill 17 17 17 COURSES OF INSTRUCTION Business 1. Elementary Accounting. The fundamentals of debit and credit, accounting statements, work sheets, the bookkeeping cycle, interest and discount problems, special journals and ledgers, and valuation accounts. (Open to freshmen and required of all students majoring in business.) Five quarter hours. Autumn, Winter, Spring. Wilson, Handley, DeLange, Hurst la. Accounting for Engineers. A course primarily for engineers, but open to other students who desire a brief course in accounting. After a study of fundamentals, emphasis is placed on valuations and costs. Three quarter hours. Autumn. Hurst 2. Elementary Accounting. A continuation of Business 1. Accrued and deferred items, periodic summaries, business papers, the voucher system, and practice sets, with special emphasis on partnerships—their formation, operation and dissolution. Five quarter hours. Autumn, Winter, Spring. Wilson, Handley, DeLange, Hurst 3. Elementary Accounting. A continuation of Business 2. Corporation, manufacturing, and cost accounting, dealing with corporation proprietorship, accounts, records, surplus, stocks and bonds, departmental and branch accounting, manufacturing operations, job orders, overhead, and process costs. Five quarter hours. Winter Spring. Wilson, Handley, DeLange 4. Intermediate Accounting. Special formsi and methods in working papers and statements, and a review of partnerships and corporations with more difficult problems. Also problems of investment—amounts and present values at compound interest. Prerequisite: Business 3. Five quarter hours. Autumn, Spring. Hurst, DeLange -39 5. Intermediate Accounting. A continuation of Business 4. Basic accounting theory and special consideration and problems of cash, inventories, tangible and intangible fixed assets. Prerequisite: Business 4. Five quarter hours. Winter. Hurst 6. Intermediate Accounting. A continuation of Business 5. Special problems in investments, liabilities, funds and reserves, comparative statements, analysis of working capital, ratios, profit and loss analysis, and statements of application of funds. Prerequisite: Business 5. Five quarter hours. Spring. Hurst 9. Tax Accounting. A course dealing with the fundamental principles of income tax precodures, with special emphasis upon the provisions of current federal and state tax laws. Two quarter hours. Winter. Staff 10. Commercial Law: Contracts, Including Negotiable Instruments and Sales. Five quarter hours. Winter. Clark 11. Commercial Law: Agency and Partnerships, Wills, and Real Property. A continuation of Business 10. Five quarter hours. Spring. Staff 12. Salesmanship. The selling function, basic psychological principles) of selling, laying the groundwork for the interview, preparation of canvass, arranging for the interview, meeting the prospect, suggestion selling, sales resistance, methods of closing the sale, analyzing practical selling cases, and demonstrations. Five quarter hours. Autumn, Winter, Spring. Wilson 15. Advertising. Preparation of different types of advertisements and development of principles applicable to the production of advertising. Three quarter hours. Autumn. Wilson 16. Business Mathematics. Percentages, analysis of profits and loss, interest, discounts, profits and losses of partnerships, annuities, sinking funds, and amortization of debts. Five quarter hours. Autumn, Winter, Spring. Clark, DeLange 17. Elementary Statistics. Collection and classification of data; calculation of averages and deviation; construction of drafts, charts, and tables. Required of all majors in Business Administration. Prerequisites: Economics 2 and 3 (or Business 17 to be taken concurrently with Economics 2 and 3). Three quarter hours, Autumn, Spring. Clark, Handley, DeLange Retailing 70. Principles of Retailing. An introductory course in the fundamental principles of economics, marketing, and business ethics. Three quarter hours. Autumn. Staff 71. Retail Selling. A study of the psychology of selling, personality building, and selling principles. Four quarter hours. Autumn. Staff 72. Problems in Retailing. A study of store arithmetic, stock control systems, store layout and merchandise problems. Three quarter hours. Winter. Staff 73. Merchandise Information. A non-textile information course for students interested in studying and analyzing merchandise from its origin, through its manufacturing processes. Five quarter hours. Winter. Staff