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School of Business Administration: Courses
ACCOUNTING (ACCT)
Purpose of accounting, recording transactions, preparing financial statements, the use of special journals and general and subsidiary ledgers, introduction of accounting principles, accounting for a merchandising firm and payroll accounting.
2213 Accounting Principles II
Prerequisite: ACCT-2113.
Continuation of Accounting Principles I. Partnership accounting, corporation accounting, additional accounting principles, analyzing and interpreting financial statements, development of management decision-making accounting data, introduction to cost accounting and cost-volume-profit analysis.
3113 Intermediate Accounting I
Prerequisite: ACCT-2213.
Study of accounting theory and assumptions underlying Generally Accepted Accounting Principles related to financial statements, generally, and current assets, specifically. Special consideration is given to pronouncements of the Financial Accounting Standards Board, the American Institute of Certified Public Accountants, the American Accounting Association and the Securities and Exchange Commission.
3213 Intermediate Accounting II
Prerequisite: ACCT-3113.
Continuation of Intermediate Accounting I. Study of Generally Accepted Accounting Principles related to plant assets, liabilities and capital, financial statement analysis, price level accounting, and leasing transactions.
Prerequisite: ACCT-2213. (For accounting majors)
The development of cost and accounting data for internal use in planning, control and decision making by managers. Topics and techniques studied are job-order and process cost accounting; accounting for materials, labor and factory overhead costs; standard cost accounting; payroll; budgeting; responsibility accounting; cost-volume-profit analysis and direct costing.
3323 Managerial Accounting
Prerequisite: ACCT-2213. (For non-accounting majors.)
Study of the use of cost accounting data as a tool for planning, control and decision making by managers. Topics studied
include the nature of costs and their behavior; design of job-order and process cost accounting systems; cost-volumeprofit relationships and profit planning; segmented reporting; comparison of direct costing with absorption costing; control of operations through standard costs and flexible budgets; pricing of products and services; relevant costs for decisionmaking and capital budgeting.
3413 Income Taxation
Prerequisite: ACCT-2213.
An introduction to the federal income tax, considering income, deductions, payment of tax and other matters relating to personal income tax returns.
3513 Advanced Federal Taxation
Prerequisite: ACCT-3413.
A continuation of the study of the federal income tax as it relates to corporations, partnerships and fiduciaries. Also included is the study of more specialized income tax problems and the federal Social Security, estate and gift taxes.
3713 Accounting Information Systems
Prerequisites: ACCT-2213.
Concepts underlying the analysis, design, use, control and audit of accounting information systems. The flow of accounting
information through computerized information systems is emphasized.
4113 Advanced Accounting I
Prerequisite: ACCT-3113.
A study of the application and theory of budgetary and fund accounting, with emphasis on governmental and not-for-profit entities. Other specialized accounting applications involving foreign operations and partnership accounting are also examined.
4213 Advanced Accounting II
Prerequisite: ACCT-3113.
A study of advanced accounting problems related to consolidations, mergers, acquisitions, branch operations, segment reporting, interim reporting and the Securities and Exchange Commission.
4313 Advanced Cost Accounting
Prerequisite: ACCT-3313.
Additional study in the development of cost and managerial accounting data for use in planning, control and decision making by managers. The course includes the use of such tools as linear regression, simulation and linear programming, and it also covers capital budgeting, segment performance and decision-making behavior under uncertainty.
4413 Auditing
Prerequisite: ACCT-3113.
Preparation toward a professional accounting career as a Certified Public Accountant in examining and rendering professional opinions on the fairness of organizations’ financial statements. The course emphasizes the nature of auditing, internal control systems, auditing techniques and evidence, audit working papers and reports and professional ethics and independence.
4423 Advanced Auditing Concepts and Cases
Prerequisite: ACCT-4413.
A continuation of the study of auditing, with emphasis given to internal, operational and compliance auditing, audit risk analysis and in-depth case analysis. Case studies are used for research and instructional purposes.
4433 Income Tax Planning and Research
Prerequisite: ACCT-3513.
A specialized study in the areas of tax planning and research. Emphasis is given to legal ways to minimize tax liability through yearly planning, elections and deferral of income. Extensive computerized tax research is performed to aid in tax planning.
4513 Financial Accounting Theory and Practice
Prerequisite: ACCT-3213.
An in-depth study of contemporary accounting theory with primary emphasis on the pronouncements of the Financial Accounting Standards Board. The main objective is to gain deeper insights into the theory and critical analysis underlying Generally Accepted Accounting Principles and to apply them to financial statement preparation. Study centers on selected parts of the following FASB pronouncements: (1) statements of Financial Accounting Standards, (2) interpretations of ARBs, APB Opinions and FASB Statements of Standards, (3) technical bulletins and (4) statements of Financial Accounting Concepts.
4900 Independent Study in Accounting
Assigned readings, reports and research projects based on the needs of the student. A maximum of 3 hours may be counted toward major. 1-3 semester hours; 50 hours work required for each hour of credit earned, with a maximum of 3 credit hours.
4990 Internship in Accounting
Prerequisites: admission to School of Business Upper Division, completion of ACCT3113 and approval of the advisor and dean.
Supervised and approved accounting internship with firm or organization; written and oral reports are required along with employer evaluation. (Variable credit)
BUSINESS ADMINISTRATION (BUSA)
1211 Introduction to Business
An introductory business course designed to acquaint the student in a general way with business terminology, concepts and functions. The course will include broad treatment of business objectives and strategies. Students are introduced to the School of Business Administration and to the skills required to succeed in the field of business.
3413 Quantitative Methods of Business
Prerequisite: MATH-1413 AND MATH-2913.
A study of decision-making techniques and their application
to the resource allocation and operational problems encountered in the functional areas of business. Included are decision theory linear programming, inventory models network analysis, simulation, and forecasting.
3713 Contemporary Business Ethics
This course examines basic ethical issues involved in the conduct of business from a biblical perspective. Critical
thinking regarding organizations as spiritual, social, moral, and ethical entities is explored. Topics include personal responsibility, corporate social responsibility, and the effects of diversity and culture on ethical considerations.
4213 Business Law
A survey of the Anglo-American system of jurisprudence as the legal background for the operation of the free enterprise system in our society. The course considers the historical, ethical, social and practical perspectives. It also examines the basic rules of law pertaining to contracts, property, sales, negotiable instruments, secured transactions, agency, employment, partnerships, corporations, insurance, bankruptcy and wills.
4313 Legal Problems in Business
Prerequisite: BUSA-4213.
A continuation of BUSA-4213. The course covers the same subject areas, but goes into greater detail. It deals exclusively
with developing appropriate solutions for legal problems in business. The course is intended primarily for students preparing to take the CPA exam, but it is also useful for those preparing to enter law school.
4513 International Business
Prerequisites: MGMT-3113, MGMT-3213, MGMT-3573, MKTG-3313.
An overview of the world of international business. This class examines the environment and management of international business, stressing the effects of the foreign exchange markets, capital markets and international financial and economic organizations upon managerial functions such as exporting and importing, foreign investment, marketing, personnel, accounting and finance. Students will participate in managing an international firm in a simulation game.
4900 Independent Study in Business Administration
Assigned readings, reports and research projects based on the needs of the student. (1-3 hours). A maximum of 3 hours
may be counted toward major.
4990 Internship in International Business
Prerequisites: admission to School of Business Administration Upper Division, completion of BUSA-4513 and approval
of advisor and dean.
Supervised and approved international business internship with firm or organization; written and oral reports are required along with employer evaluation. (Variable credit, 1-3 semester hours; 50 hours work required for each hour of credit with a maximum of 3 credit hours.)
ECONOMICS (ECON)
2113 Macroeconomic Principles
A study of the economic system as a whole, dealing with price levels, employment, the level of total production of goods and
services and growth. The course includes study of the free enterprise system and of government monetary and fiscal policy.
2213 Microeconomic Principles
Prerequisite: ECON-2113.
A study of specific economic units within a free enterprise economy such as individual consumers, businesses, or industries.
The pricing and output of goods and services and the pricing and employment of labor and capital are studied.
4900 Independent Study in Economics
Prerequisites: junior or senior standing and approval of the Chair of the school. (1-3 hours).
Guided readings or research projects arranged in consultation with advisor.
FINANCE (FINC)
3313 Financial ManagementPrerequisites: ECON-2113, ACCT-2213.
A study of the objectives and techniques of the finance function of the firm. Financial ratios, cash budgets, break-even analysis, leverage, quantitative tools, security evalutation, cost of capital, capital budgeting, working capital management, sources of capital for expansion and evaluation of the capital structure studied.
3513 Money and Banking
Prerequisites: ECON-2113 and ECON-2213. A study of the nature, history, and functions of money and monetary institutions. Particular attention is given to the central banking system, the Federal Reserve System, free enterprise, government controls, the money supply, foreign exchange, and the interrelationships between monetary theory and the theories of prices and unemployment.
3613 Investments
Prerequisites: MGMT-3513.
A practical study of securities and securities markets. The development of the models for the valuation of stocks and bonds as well as alternative investments such as options, warrants, convertible securities, futures, mutual funds, and puts and calls.
4113 Advanced Financial Management
Prerequisites: MGMT-3513.
A continuation of the basic financial management course. The course involves an in-depth study of the theories and practices related to the financial administration of the firm. Areas covered include valuation model, risk analysis, capital budgeting, capital structure and dividend policy, long term financing decisions, and asset management.
4313 Financial Markets and Institutions
Prerequisites: MGMT-3513.
An analysis of financial markets and institutions. Areas covered include non-bank financial institutions, the nature and importance of various financial markets, and global issues with international markets and institutions.
4513 Advanced Topics in Finance
Prerequisites: FINC-3513, FINC-3613, FINC-4113, and FINC-4513.
The capstone course for finance. In addition to emphasizing portfolio management and international finance, the course covers the most current topics of investment finance.
4900 Independent Study in Finance
Prerequisites: Instructor and Dean approval.
Assigned readings, reports and research projects based on
the needs of the student. (1-3 hours)
INFORMATION SYSTEMS (INFO)
3113 Principles of Electronic Business
A comprehensive study of the organizational needs for information and the conceptual, technological, and practical foundations of information systems in order to build an understanding of the value of information systems for business operations, management decision making and strategic advantage. An introduction to the concepts of electronic business as facilitated by the Internet, World Wide Web, and related technologies. The topics covered include an understanding of the catalysts for e-business (business-to-business and business- to-customer), convergence of technologies and capabilities, technological challenges, Web design, behavior and educational challenges, organizational and business barriers, and strategies for e-business.
4900 Independent Study in Information Systems
Prerequisites: Junior or Senior standing and approval of the dean of the college. (1-3 hours).
Assigned readings, reports, research projects and system development projects based on the needs of the student. A maximum of 3 hours may be counted toward the major.
MANAGEMENT (MGMT)
3113 Principles of Management
Prerequisite: sophomore standing or instructor approval.
An introduction to the management processes of planning, organizing, leading and controlling. The theory and history of management, decision making, policy planning, organization planning, supervising, coordinating and controlling and human resources management are studied.
3213 Production/Operations Management
Prerequisite: MGMT-3113, MATH-1413, MATH-2913.
A study of the production operations function in business including the creation of both goods and services. Attention is given to the design, location and operation of the productive system and its interrelationship with other systems in the organization. The course places special emphasis on the use of quantitative technique in decision making.
3323 Entrepreneurship and Small Business Management
Prerequisite: junior or senior standing or permission of instructor.
An introduction and examination of entrepreneurial, small business, self-employment opportunities and new venture processes. The course covers managerial activities needed for start-up and operation of the small business enterprise.
3533 Issues in Management
Prerequisite: MGMT-3113.
This course covers a selection of current issues and specialized topics in management. The course is updated each year to ensure relevant topics are considered and explored.
4313 Organizational Behavior
Prerequisite: PSYC-1113.
An integration of social sciences as they affect people at work. The organization is analyzed from the standpoint of three interacting systems: the individual, the group and the organization itself. Emphasis is placed on managing organizational behavior. (Same as PSYC-4313 or SOCI-4313.)
4513 Human Resource Management
Prerequisites: MATH-2913 and MGMT-3113.
A study of the major human resource management processes including staffing, training and development, appraisal, compensation, leadership, organizational justice, labor relations, quality of work life and employee health and safety. The course focuses on contemporary human resource management issues.
4613 Seminar in Business Policy
Prerequisites: To be taken in last semester of senior year.
A capstone seminar that draws together the concepts and tools studied in previous business courses. The course uses the case method of instruction and a computer-based simulation, and it affords practice in analyzing authentic managerial problems in free enterprise from the varying viewpoints of diverse disciplines and practice in forming workable solutions which consider both technical and human factors. The course gives particular attention to the standards of conduct appropriate for Christian leaders.
4900 Independent Study in Management
Prerequisites: junior or senior standing and approval of the chair of the college. (1-3 hours).
A maximum of 3 hours may be counted toward major. Assigned readings, reports and research projects based on the needs of the individual student.
4990 Internship in Management
Prerequisites: admission to School of Business Administration upper division, completion of MGMT-3113 and approval of advisor and chair.
Supervised and approved management internship with firm or organization; written and oral reports are required along with employer evaluation. (Variable credit, 1-3 semester hours; 50 hours work required for each hour of credit with a maximum of 3 credit hours.)
MARKETING (MKTG)
3313 Principles of Marketing
Prerequisite: junior standing or instructor approval.
An introduction to the fundamentals of marketing. Product distribution, promotion and price are studied with emphasis on the marketing aspects of managerial decision making in a dynamic society.
3413 Consumer Behavior
Prerequisites: MKTG-3313 and PSYC-1113 or SOCI-1113 and junior standing.
The study of consumer motivations and values in the light of social and psychological theory. This background provides standards of the social and human evaluation of marketing activities, with emphasis on consumer motivation and consumer psychological makeup. The course develops the relationship between social and psychological factors in marketing activities.
3513 Electronic Commerce and Online Marketing
Prerequisite: MKTG-3313 or instructor approval.
An in-depth study of the structure of online markets, online buyer behavior, business to business online, virtual product offerings, web-based promotion, logistics and fulfillment, and web-based pricing. Students are required to create a webbased business, design their own web page, and market a product online.
3713 Sales Management and the Sales Process
Prerequisite: junior standing.
An in-depth look at the process of selling all types of products and services and at the process of managing a sales territory. A combination of lecture, class discussion, and student presentations will be utilized.
4313 Promotional Strategies
Prerequisite: MKTG-3313 or instructor approval.
An introduction to the various communication channels available for the spread of promotional information about goods, services and ideas to prospects. The course gives special attention to behavioral considerations and places particular emphasis upon the duties of marketing managers in planning, implementing and controlling a program of promotional communication.
4513 Marketing Research
Prerequisites: MATH-2913, MKTG-3313 and junior standing.
The study of marketing research theory and technique with special emphasis on the use of the scientific method. The course seeks to develop the student’s analytical ability, to familiarize the student with the basic marketing research tools and to develop the student’s proficiency in the art of writing research reports.
4613 Marketing Management
Prerequisite: senior standing.
A study of managerial aspects of the marketing function, emphasizing the qualitative criteria utilized in evaluating marketing alternatives. The course includes topics related to the decision- making process such as marketing research, product development, advertising and promotion, sales management, cost and demand analysis, competition, pricing, packaging and forecasting.
4900 Independent Study in Marketing
Prerequisite: junior or senior standing and approval of the chair of the school.
Assigned readings, reports, and research projects based on the needs of the student. (1-3 hours). A maximum of 3 hours may be counted toward major.
4990 Internship in Marketing
Prerequisite: Admission to Upper Division, completion of MKTG-3313 and approval of advisor and chair.
Supervised marketing internship with approved firm or organization; written and oral reports are required. (Variable credit, 1-3 semester hours; 50 hours work required for each hour of credit with a maximum of 3 credit hours.)
Faculty Facts
One thing Jody Jones, Professor of Business, likes about his job at OC is that the atmosphere allows him to put his family first. "I enjoy helping students develop both professionally and spiritually," he says. When it comes to academics, he is interested in helping students with their university experience.
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