160 Business Foundations (3). F and S. A survey introduction to business in its economic and global contexts and its functional areas (including accounting, finance, human resources management, marketing, and operations), with reflection on the roles of the legal, moral, ethical, and social responsibilities of business in society. The course emphasizes an integrated Christian view of business, considering its societal context, disciplines, and the role of management, and allows students to grow in their ability to think critically and analytically. Students will complete various assessment tests and evaluations to help them in determining what career path(s) they may want to pursue, whether in business or another area of concentration. Bus 160 is a requirement for all business major concentrations, the business minor, and all accounting majors.
160H Business Foundations (3). F. The honors section will cover all topics as above and will include additional experiential learning opportunities and team assignemtns involving functional and cross-functional areas of an organization. Enrollment in the honors section of Bus 160 is limited to 20 students.
203 Introduction to Managerial Accounting (3). F, S. After a brief introduction to the principles of financial accounting and the purpose of financial statements, the course provides an introduction to managerial accounting concepts, budgeting, incremental cost and profit analysis, breakeven analysis, responsibility reporting, and the use of financial analysis for managerial decision-making. Prerequisite: Business 160. Not open to first-year students. May not be taken concurrently with Business 204.
204 Financial Accounting (3). F, S. After considering the importance of generally accepted accounting principles and the study of the accounting cycle, the course emphasizes asset valuation, classification, and measurement of liabilities, and income determination. Prerequisites: Business 160, Information Systems 171 (may be taken concurrently). May not be taken concurrently with Business 203.
205 Financial Reporting and Analysis (3). S. This course takes a stakeholder-oriented approach to the study of financial reporting and analysis. Students will evaluate the role of the statement of operations, the statement of financial position, the statement of cash flows, footnote disclosures, management discussion and analysis, SEC filings, and the annual report in the financial reporting process. Topics include a comparison of US GAAP and International Financial Reporting Standards (IFRS), the effects of alternative accounting methods on financial analysis, and the analysis of past firm performance and forecasts of future performance. Students will analyze financial statements and related data to derive estimates and develop inferences useful in business decisions and evaluate organizational efficiency, financial condition, profitability, liquidity, and solvency by means of ratio analysis, common-size analysis, trend analysis and industry comparisons. Prerequisite: Business 204.
301 Intermediate Accounting (4). F. A study of financial accounting theory and generally accepted accounting principles as applied to the measurement and valuation of assets and liabilities. Prerequisites: Business 204.
302 Intermediate Accounting II (4). S. Continuation of business 301. A study of financial accounting theory and generally accepted accounting principles as applied to the measurement and valuation of stockholders’ equity, issues related to income determination, and preparation and analysis of corporate financial statements. Prerequisite: Business 301.
305 Cost Accounting (4). F. Principles and methods of accounting for manufacturing and operating costs, with emphasis on analysis and reporting to management to facilitate planning, control, and decision-making. Prerequisites: Business 204 and Business 301 or 370.
306 Income Tax (4). F. A study of Federal income tax law and of tax cases to provide a basis for an understanding and evaluation of that law and of the rate structure. Includes the implications of income taxation for business decisions. Emphasis on taxation of individuals with limited coverage of partnerships and corporations. Prerequisite: Business 204.
307 Advanced Taxation (3). S. A study of Federal tax law and of tax cases as they apply to corporations, partnerships, estates, and trusts. This course will analyze and evaluate the Internal Revenue Code, the IRS Regulations, and appropriate case law as the basis for understanding the law, for utilizing the law in tax planning, and for ethically interpreting the law. Tax research will be emphasized. Prerequisite: Business 306.
310 Advanced Accounting (4). F. Preparation of consolidated financial statements, introduction to governmental and fund accounting, business insolvency and reorganization, the role of FASB and the SEC in accounting. Prerequisites: Business 302 and 370.
311 Auditing (4). S. The theory and philosophy of auditing, including an examination of the ethical and other professional standards required of the Certified Public Accountant. Prerequisite: completion of or concurrent registration in Business 302 and 305.
312 Not-for-Profit and Governmental Accounting (3) (S) An introduction to the principles and practices of not-for profit and governmental accounting that focuses on recording and reporting financial information with the unique standards applied to not-for-profit and government organizations. Topics include the preparation and evaluation of the financial reporting provided by state and local governments, educational institutions, health care organizations, mission organizations, churches, and other not-for-profit organizations. Topics of charitable giving and Christian services will be incorporated. Prerequisite: Business 204.
315 Accounting Systems (4). S. A study of accounting systems, which provides information for decision-making. The course examines business structures, information needed for decision-making, internal controls in manual and computerized systems, systems development, systems controls, and ethical aspects of the computer environment. Computerized accounting applications are incorporated using accounting software and spreadsheets. Prerequisites: Business 204 and Information Systems 171.
350 Law in Business (3). F and S. An introduction to American business law: Origins, development, legal institutions, and processes. The legal environment of business; Uniform Commercial Code and case law of business transactions; other topics selected from agency, property, partnership, corporation, regulatory, and administrative law.
357 Business Aspects for Engineers (2). F. An overview of the aspects of business important to engineering. Selected topics from economics, accounting, finance, marketing, management, and business law are included. Prerequisites: Economics 151 and junior or senior standing in the engineering program.
359 Internship in Business (4). F and S. Internships involve a minimum of ten to fifteen hours of work a week in a professional setting with an approved employer-supervisor in business or nonprofit organizations. Academic work involves readings, seminars/workshops, reflective journals, and a major paper/ presentation. Students may take Business 359 two times, but only one will fulfill an elective requirement in a department major. Prerequisites: Three courses in business or economics and permission of the internship coordinator.
360 Management and Organizational Behavior (3). F and S. This course attempts to help students develop an integrated understanding of management based on God’s revelation in creation and His Word. It develops this understanding through critical engagement with management perspectives of scholars and practitioners writing from both secular and Christian foundations. Prerequisites: Business 160 and Economics 151 or 221, biblical or theological foundations I, developing a Christian mind and philosophical foundations. Not open to first-year or sophomore students.
362 Ethics in Business (3) F and S. Prepares students to be agents of Shalom in business organizations. Familiarizes business students with three key knowledge areas that are important for both doing business ethically and encouraging others to do likewise: current legal stipulations for business conduct; normative frameworks for evaluating actions or policies; and systems and techniques for promoting ethical behavior and overcoming rationalizations for misbehavior. Develops skills in evaluating the legal and ethical ramifications of actions or policies, and in persuasive argumentation in support of ethical actions or policies, through case studies. Hones virtues of honesty, courage, charity, creativity, empathy, humility, stewardship, compassion, justice, faith, hope, and wisdom, through reflective written exercises and case studies. Prerequisites: Business 360, Philosophy 153.
363 Production and Operations Management (3). S. A study of the management of production and operations within a business, including planning, control, and evaluation of resources, inventory, schedules, and product or service quality. Techniques for making location decisions, implementing just-in-time purchasing and production, scheduling production, and using statistical process control (SPC) are studied. Computer applications are occasionally integrated for analysis and simulation purposes. Prerequisites: Business 160 and Mathematics 143 or its equivalent and junior level status.
364 Global Supply Chain Management (3), S. This course takes an integrative cross-functional approach to the study of supply management. Students will evaluate the challenges and opportunities involved in constructing a global network of organizations that cooperate synergistically to provide goods and services. Global business issues are discussed in the context of ethics and sustainability from a Reformed Christian perspective. Topical coverage includes cross-cultural considerations, strategy, supply chain netowrk design, sourcing, logistics, supply chain relationship management, demand forecasting, and performance evaluation. Prerequisites: Business 203, Information Systems 171, Mathematics 143.
365 Human Resource Management (3). F, S. An introduction to human resource functions along with principles and issues involved in managing an organization's human capital. Emphasis is placed on the modern day importance of human resource management and focuses on the formulation and implementation of strategies that help companies achieve a sustained competitive advantage. Emphasis is also placed on respect, integrity and the inherent dignity of human beings and how business can create opportunities for individuals to express their vocation in the performance of God-glorifying work. The course will introduce a framework for integrated talent management and will include the study of talent acquisition, compensation and rewards mangement, organized labor, career succession, performance management, learning management and leadership development, employee engagement and retention, and redeployment. Prerequisite: Business 360.
366 Advanced Topics in Human Resource Management (3). F. A consideration of psychological concepts and research related to human action in work situations, particularly in organizations. The principles of industrial and organizational psychology and human resource management are applied to current topics including organizational identity, psychometrics for screening and selection, employee socialization, performance measurement and management, and employee attitudes and behaviors. The relationship of psychological theory and practice are analyzed through case studies of organizational experiences. Also listed as Psychology 366. Prerequisites: Business 160 or Psychology 151 and Mathematics 143 or Psychology 255.
367 Small Business Management (3). S. An integrative study of the business management principles applicable to the challenges and opportunities unique to small businesses. The course emphasizes strategic analysis of management, marketing and financial issues facing small firms primarily from an entrepreneurial perspective. This course includes lectures, case studies and development of a comprehensive business plan. Prerequisites: Business 370 and 380; Economics 222 or permission of the instructor.
370 Financial Principles (3). F and S. A study of the principles and problems of the financial management of the firm, including such topics as stock and bond valuation, working capital management, cost of capital and capital budgeting, capital structure, and dividend policy. Prerequisites: Business 204 and Economics 221.
371 Financial Instruments and Markets (3). F. An application of finance theory to investment instruments, including stocks, bonds, options, and futures. The course also examines the financial markets and institutions in which these instruments trade, including investment companies, funds and exchanges. Prerequisite: Business 370.
372 Advanced Corporate Finance. (S). The principles of finance are applied to current financial topics including analysis and forecasting of corporate performance, valuation, risk, the cost of capital, and strategic investment and financing decisions. Emphasis is placed on the development and use of financial spreadsheet programs, and business case problems. Prerequisite: Business 370.
380 Marketing (3). F and S. A study of the principles and practice of planning and controlling marketing programs, including the conception, development, pricing, promotion, and distribution of ideas, goods, services, experiences, and values that attempts to satisfy individual and organizational needs and objectives. Prerequisite: Economics 221.
381 Advanced Topics In Marketing (3). S. A study of marketing theory, strategy and tactics. This course is research based and includes experiential learning projects. Prerequisites: Mathematics 143 and Business 380.
382 Consumer Behavior Theory and Practice (3). An in-depth look at the processes involved when consumers purchase and use products, explanations for purchase and use, and implications for marketing research and marketing strategy. Prerequisites: Business 380, Mathematics 143 or equivalent.
390 Independent Study. F, I, and S. Prerequisite: Permission of the department chair.
396 Strategic Management (3). S. An integrative study of strategic management, requiring contemporary, comprehensive case applications of concepts from economics, marketing, accounting, finance, management, and international business. Ethical aspects of strategic decision making are emphasized. Student teams study cases and present their analyses. This course is recommended for students wishing to understand the formulation and implementation of ethical strategies in diversified businesses. Prerequisites: Business 370 and 380; Economics 222 or permission of the instructor.
397 Business Capstone (3). F and S. Business organizations require their members to draw from broad experiences to address complex issues. In this course, teams of students work with a large or small business or a nonprofit organization, many with global stakeholders, to develop a detailed plan regarding an actual challenge or opportunity. This allows students to integrate and apply knowledge, skills and virtues drawn from their recent coursework. Students develop models of the organization and of the environment in which the organization operates so that the issue and solution are appropriately contextualized. Deliverables will include analysis reports, solution proposals, and implementation plans. Students reflect on how Christian beliefs and virtues affects their plans and affect their work in the project environment. Prerequisites: Business 360, 362, 370, 380 and 396. Business 362 can be taken concurrently with 397.