2014-15 Catalog courses

The courses listed here are those published in Calvin College's current academic catalog. Not all courses are offered in the current year.

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Business Foundations

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.

  • Course code: BUS-160
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Intro to Managerial Accounting

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. May not be taken concurrently with Business 204. Prerequisite: Business 160.

  • Course code: BUS-203
  • Credits: 3
  • Semester: Fall
  • Department: Business
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Financial Accounting

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. May not be taken concurrently with Business 203. Prerequisite: Business 160, Information Systems 171 (may be taken concurrently).

  • Course code: BUS-204
  • Credits: 4
  • Semester: Spring
  • Department: Business
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Financial Reporting & Analysis

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. Prerequisite: Business 204.

  • Course code: BUS-205
  • Credits: 3
  • Semester: Spring
  • Department: Business
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Intermediate Accounting I

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.

  • Course code: BUS-301
  • Credits: 4
  • Semester: Fall
  • Department: Business
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Intermediate Accounting II

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.

  • Course code: BUS-302
  • Credits: 4
  • Semester: Spring
  • Department: Business
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Cost Accounting

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 203, Business 301 or 370.

  • Course code: BUS-305
  • Credits: 4
  • Semester: Fall, Spring
  • Department: Business
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Income Tax

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.

  • Course code: BUS-306
  • Credits: 4
  • Semester: Fall
  • Department: Business
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Advanced Taxation

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.

  • Course code: BUS-307
  • Credits: 4
  • Semester: Spring
  • Department: Business
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Advanced Accounting

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.

  • Course code: BUS-310
  • Credits: 4
  • Semester: Fall
  • Department: Business
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Auditing

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.

  • Course code: BUS-311
  • Credits: 4
  • Semester: Fall
  • Department: Business
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Not-For-Profit & Governmental Accounting

An introduction to the principles and practices of not-for profit and governmental and 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.

  • Course code: BUS-312
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Accounting Systems

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.

  • Course code: BUS-315
  • Credits: 4
  • Semester: Spring
  • Department: Business
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Law In Business

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.

  • Course code: BUS-350
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Advanced Topics in Human Resources

psychometrics for screening and selection

  • Course code: BUS-351
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Business Aspects for Engineers

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.

  • Course code: BUS-357
  • Credits: 2
  • Semester: Fall
  • Department: Business
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Internship in Accounting

(4, 8). S.Off-campus accounting internships are available for qualified students. Internships may be either full-time or part-time. All interns will keep a reflective journal and submit periodic updates to the internship coordinator. Full-time interns will complete at least 350 hours of onsite experiential learning, as well as written assignments such as essays, integrative analyses, and a research paper on an approved accounting topic, receiving eight semester hours of credit. Part-time interns will complete at least 175 hours of on-site experiential learning as well as written assignments such as essays, an integrative analysis, and a research paper on an approved accounting topic, receiving four hours of credit. To be enrolled in an internship, the student must have junior or senior standing, must have a cumulative GPA of 3.0 or better, and must receive approval from both the department and the organization offering the internship. This course is an elective in the B.S. in Accountancy and the B.S. in Public Accountancy programs.

  • Course code: BUS-358
  • Credits: 4
  • Department: Business
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Internship in Business

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. For business majors the internship must be in the student's area of business concentration in order to meet that concentration's requirements. Prerequisites: Business 160, Business 203 and approval of both the internship professor and the internship coordinator.

  • Course code: BUS-359
  • Credits: 4
  • Semester: Fall, Spring
  • Department: Business
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Management & Organizational Behavior

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, philosophical foundations and a C or better in written rhetoric core.

  • Course code: BUS-360
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Ethics in Business

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.

  • Course code: BUS-362
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Production & Operations Mgt

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 stat us.

  • Course code: BUS-363
  • Credits: 3
  • Semester: Spring
  • Department: Business
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Global Supply Chain Management

This course takes an integrative cross-functional approach to the study of supply chain 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 network design, sourcing, logistics, supply chain relationship management, demand forecasting, and performance evaluation. Prerequisites: Business 203, Information Systems 171, Mathematics 143.

  • Course code: BUS-364
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Human Resource Management

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 inherit 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 management, organized labor, career succession, performance management, learning management and leadership development, employee engagement and retention, and redeployment. Prerequisite: Business 360.

  • Course code: BUS-365
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Advanced Topics in Human Resources

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.

  • Course code: BUS-366
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Small Business Management

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.

  • Course code: BUS-367
  • Credits: 3
  • Semester: Spring
  • Department: Business
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Entrepreneurship

(3) F. This course provides hands-on learning on how to launch a startup business through the rapid development and testing of ideas by gathering customer and marketplace feedback. Startups face uncertainty and high-levels of risk. Students learn how to reduce both uncertainty and risk by engaging actual customers in search of their pain points and unmet needs. Only by doing so can the entrepreneur develop a proper solution and establish a suitable business model. The class utilizes a lean startup approach that provides the steps needed to build a successful startup. Students may work on for-profit, non-profit, and/or social ventures. Prerequisite: At least junior standing.

  • Course code: BUS-368
  • Credits: 3
  • Department: Business
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Global Business

This course is an upper level study of the environment and challenges of doing global business. It provides an overview of the importance of international business and trade in the global economy and explores the factors that influence success in international markets. Students will learn about the techniques and strategies associated with managing international business effectively. Topics include the impact of cultural and political differences on the business environment, a survey of cross-cultural concerns to businesses in a global environment, possible forms of foreign business involvement, the international monetary system, foreign exchange markets and multinational firm strategies related to the various functions of business. Prerequisites: Business 204 and 360 and Economics 222.

  • Course code: BUS-369
  • Credits: 3
  • Department: Business
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Financial Principles

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, Economics 221, Mathematics 143 and Information Systems 171.

  • Course code: BUS-370
  • Credits: 3
  • Semester: Fall
  • Department: Business
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Financl Instruments & Markets

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.

  • Course code: BUS-371
  • Credits: 3
  • Semester: Fall
  • Department: Business
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Advanced Corporate Finance

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.

  • Course code: BUS-372
  • Credits: 3
  • Semester: Spring
  • Department: Business
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Marketing

A study of the principles and strategies for planning and controlling marketing programs, including the market research, product development, pricing, promotion, and distribution of ideas, goods, services, experiences, and values that attempts to satisfy individual and organizational needs and objectives. Includes real-world learning projects. Prerequisite: Economics 221.

  • Course code: BUS-380
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Advanced Topics in Marketing

A study of marketing theory, strategy and tactics. This course is research based and includes real-world learning projects. Prerequisites: Mathematics 143 and Business 380.

  • Course code: BUS-381
  • Credits: 3
  • Semester: Fall
  • Department: Business
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Consumer Behavior Theory and Practice

An in-depth look at the processes involved when consumers purchase and use products, study of internal and external influences for purchase, and implications for marketing research and marketing strategy. Includes real-world learning research projects. Prerequisites: Business 380, Mathematics 143 or equivalent.

  • Course code: BUS-382
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Independent Study

Prerequisite: Permission of the department chair.

  • Course code: BUS-390
  • Credits: 1
  • Semester: Fall
  • Department: Business
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Strategic Management

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.

  • Course code: BUS-396
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Business Capstone

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 affect 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.

  • Course code: BUS-397
  • Credits: 3
  • Semester: Fall, Spring
  • Department: Business
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Business Interim

Interim course descriptions are posted online at: www.calvin.edu/go/interim/

  • Course code: BUS-W10
  • Credits: 3
  • Department: Business
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Business Interim

Interim course descriptions are posted online at: www.calvin.edu/go/interim/

  • Course code: BUS-W11
  • Credits: 3
  • Department: Business
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Business Interim

Interim course descriptions are posted online at: www.calvin.edu/go/interim/

  • Course code: BUS-W12
  • Credits: 3
  • Department: Business
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Business Interim

Interim course descriptions are posted online at: www.calvin.edu/go/interim/

  • Course code: BUS-W60
  • Credits: 3
  • Department: Business
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Business Interim

Interim course descriptions are posted online at: www.calvin.edu/go/interim/

  • Course code: BUS-W81
  • Credits: 3
  • Department: Business
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Business Interim

Interim course descriptions are posted online at: www.calvin.edu/go/interim/

  • Course code: BUS-W82
  • Credits: 3
  • Department: Business
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Business Interim

Interim course descriptions are posted online at: www.calvin.edu/go/interim/

  • Course code: BUS-W84
  • Credits: 3
  • Department: Business
CODE NAME CREDITS
BUS-160 Business Foundations 3
BUS-203 Intro to Managerial Accounting 3
BUS-204 Financial Accounting 4
BUS-205 Financial Reporting & Analysis 3
BUS-301 Intermediate Accounting I 4
BUS-302 Intermediate Accounting II 4
BUS-305 Cost Accounting 4
BUS-306 Income Tax 4
BUS-307 Advanced Taxation 4
BUS-310 Advanced Accounting 4
BUS-311 Auditing 4
BUS-312 Not-For-Profit & Governmental Accounting 3
BUS-315 Accounting Systems 4
BUS-350 Law In Business 3
BUS-351 Advanced Topics in Human Resources 3
BUS-357 Business Aspects for Engineers 2
BUS-358 Internship in Accounting 4
BUS-359 Internship in Business 4
BUS-360 Management & Organizational Behavior 3
BUS-362 Ethics in Business 3
BUS-363 Production & Operations Mgt 3
BUS-364 Global Supply Chain Management 3
BUS-365 Human Resource Management 3
BUS-366 Advanced Topics in Human Resources 3
BUS-367 Small Business Management 3
BUS-368 Entrepreneurship 3
BUS-369 Global Business 3
BUS-370 Financial Principles 3
BUS-371 Financl Instruments & Markets 3
BUS-372 Advanced Corporate Finance 3
BUS-380 Marketing 3
BUS-381 Advanced Topics in Marketing 3
BUS-382 Consumer Behavior Theory and Practice 3
BUS-390 Independent Study 1
BUS-396 Strategic Management 3
BUS-397 Business Capstone 3
BUS-W10 Business Interim 3
BUS-W11 Business Interim 3
BUS-W12 Business Interim 3
BUS-W60 Business Interim 3
BUS-W81 Business Interim 3
BUS-W82 Business Interim 3
BUS-W84 Business Interim 3