Business Administration Finance General Information 289. Cooperative Work Experience (1-4) Open to students meeting criteria established from time to time by the department and on file either in the department or the cooperative education office. Prerequisite: Instructor approval. 292. Short Courses, Workshops, Institutes, and Special Programs (1-4) To provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used, it will be accompanied by a brief and descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. All students must have advanced standing to register for all accounting courses numbered 301 or above. Prerequisites other than advanced standing courses must also be taken by ■'■ all students. 311. Intermediate Financial Accounting I (3) Introduction to the accounting profession, standard setting process, and the conceptual framework. Thorough study of the balance sheet, income statement, statement of retained earnings, and statement of changes in financial position as well as time value of money. Prerequisites: Acctg 202, 230; advanced standing. 312. Intermediate Financial Accounting II (3) Accounting for cash, temporary investments, receivables, inventories, current liabilities, plant assets, and intangible assets. Prerequisite: Acctg 311; advanced standing. 313. Intermediate Financial Accounting III (3) Accounting for long-term liabilities, stockholders' equity, dilutive securities, investments in securities and funds, and revenue recognition. Prerequisite: Acctg 312; advanced standing. 330. Cost Accounting I (3) Cost determination for budgeting, product costing, standard costing, and decision making in the manufacturing process. Prerequisites: Acctg 202,230; EconQt 261; advanced standing. 331. Cost Accounting II (3) A continuation of Accounting 330 with emphasis on cost allocation and process costing. Prerequisite: Acctg 330; advanced standing. 340. Taxation of Individuals (3) Basic concepts of gross income, expenses, deductions, credits and computation of tax for individual taxpayers. Prerequisites: Acctg 202, 230; advanced standing. 344. Tax Special Topics (3) Property transactions including capital gain provisions. Use of tax forms for individuals and computer applications in tax planning and preparation. Prerequisite: Acctg 340; advanced standing. 375. Accounting & Information Systems (3) Analysis, design, and implementation of accounting information systems with special emphasis on system management, database management systems, and decision support systems for management and accounting. The course integrates computer applications and case studies where applicable. Prerequisite: CIS 374; advanced standing. 413. Consolidations (3) Consideration of business combinations (mergers, consolidations, and stock acquisitions) with special emphasis on pooling and purchase methods of accounting for business combinations. Prerequisite: Acctg 313; advanced standing. 414. Advanced Special Topics (3) Accounting and reporting for partnerships, foreign operations, segment reporting, corporate liquidation and reorganization, and estates and trusts. Prerequisite: Acctg 313; advanced standing. 444. Introduction to Corporate & Partnership Taxation (3) A comparison of alternative forms of conducting a business. The tax effects of choosing a C corporation, S corporation, partnership or sole proprietorship are explored. Prerequisite: Acctg 344; advanced standing. 451. Auditing Concepts I (3) Introduction to auditing, generally accepted auditing standards, professional responsibilities, evidence, working papers, internal control, tests of compliance. Prerequisites: Acctg 312; CIS 374; Mgmt 320; advanced standing. 452. Auditing Concepts II (3) Audit sampling, substantive testing of account balances, additional working paper techniques, reporting and review services, and working in the SEC environment. Prerequisite: Acctg 451; advanced standing. 480. Independent Study (1-4) Individual work or work in small groups by arrangement, on special topics not included in the announced course offerings. Prerequisite: Instructor approval. 489. Cooperative Work Experience (1-4) Open to students meeting criteria established from time to time by the department and on file either in the department or cooperative education office. Prerequisite: Instructor approval. 492. Short Courses, Workshops, Institutes, and Special Programs (1-4) To provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used, it will be accompanied by a brief and descriptive title. The specific title with the credit authorized for the particular offering will appear on the student transcript. DEPARTMENT OF BUSINESS ADMINISTRATION Chair: William Bruce Handley Location: Wattis Business Building, Room 213 Telephone Contact: Debbie Bodily 626-6075 Professors: H. LonAddams, Clyde J. Cooley, William Bruce Handley, Alma F. Harris, Gordon L. Jacox, E. Jeffery Livingston, Stephen D. Nadauld, Mark J. Nelson, Sterling D. Sessions, Jerald T. Storey, Claude T. Wynn; Associate Professors: Brian Davis, James E. Macdonald; Assistant Professor: E. K. Valentin. BUSINESS ADMINISTRATION COURSES-BUSADM u The following courses are predominantly service-oriented, interdisciplinary courses which complement the majors, minors, and emphases throughout the School of Business and Economics. 101. Introduction to Business (4) Relation of businessman and firm to free enterprise economy and basic principles of major fields of business. 240. Real Estate Principles and Practices (formerly Real Estate 340) (4) Fundamental economic aspects of real estate with emphasis on realty as a commodity of trade. The subject matter in this course is that of general interest to both those desiring to enter the real estate profession and those who only intend to own real estate. 292. Short Courses, Workshops, Institutes, and Special Programs (1-6) To provide flexibility and to meet many different needs, a number of specific offerings are possible using this catalog number. When the number is used, it will be accompanied by a brief and specific descriptive title. The specific tide with the credit authorized for the particular offering will appear on the student transcript. See School of Business and Economics Registration Restrictions before registering for courses numbered 301 and above. 320. The Legal Environment of Business (3) Introduction to the legal process, emphasizing ethical issues arising in business and the broad application of regulatory law. 421. Survey of Business Law (3) An overview of basic law of contracts, sales, negotiable instruments, property, and debtor/creditor relations. 478. Business Policy (4) A capstone course for seniors which emphasizes policy design and implementation for organizational effectiveness. Student use of computers will aid in the analysis of the case material in this course. Prerequisites: Fin 320; Mgmt 301, 364; Mktg 301. 480. Independent Research (1-5) Directed research and study on an individual basis. May be repeated until a total of 5 hours credit is accumulated. Prerequisite: Signed contract with the instructor. 489. Cooperative Work Study (1-6) Open to students meeting criteria established by the department and on file in the cooperative education office. Credit does not count toward any major degree program. Prerequisite: Instructor approval. 492. Short Courses, Workshops, Institutes, and Special Programs (1-6) (See 292 for description.) FINANCE EMPHASIS Description After studying in the School's core courses about the various functions in organizations, the student who concentrates in finance learns how to acquire, allocate, and control a firm's financial resources efficiently. Education A background in finance will prepare the student to: (1) conduct detailed financial analyses; (2) relate the financial environment of an organization to the policies that organization will need for optimum returns; and (3) select and analyze investment opportunities for both individuals and organizations. For those students desiring to pursue careers as analysts or consultants, a graduate degree is recommended. PROGRAM: FINANCE EMPHASIS BACHELOR DEGREE College Requirements: • Specific College Requirements (see index). • Requirements for General Education (see index). School of Business and Economics Requirements: • See School of Business and Economics section of the catalog. Emphasis Requirements (minimum of 39 credit hours): • Required courses (27 credit hours): BusAdm 421 (3); CIS 340 (4); Fin 301 (4), 430 (4), 435 (4), 440 (4), 499 (4). • Elective courses (minimum of 12 credit hours): Fin 321 (4), 420 (4), 431 (4); BusAdm 240 (4); Econ 301 (4) or 302 (4) or 303 (4), 320 (4); Mgmt 250 (3), 360 (4), 460 (4), 468 (4) with instructor approval. Students should be aware that many graduate schools require Management 440 and 460 for acceptance. These courses should be taken in addition to program requirements for the finance area of emphasis in order to satisfy typical graduate school entrance requirements. FINANCE COURSES-FIN co PD101. Personal Finance (4) Personal and family budgeting, installment buying, borrowing money, buying a home, and purchasing stocks and bonds. 230. Introduction to Investments (4) A study of investment opportunities, mechanics, analysis, risk, and management Student Services Interdisc. Programs Allied Health Sciences Arts& Humanities Business & Economics Education Natural Sciences Social Sciences Technology 106 107 Continuing Education