Accounting (B.A., B.S.)

This is an introduction to the basic accounting model and the framework for developing financial statements. The major focus is on the study of generally accepted accounting principles as they apply to the measurement of income and the presentation of a firm's financial position.

(Normally offered each semester.)

The role of accounting in the formation and capitalization of corporations is studied. Other topics include cash flow, analysis and interpretation of financial statements, and basic managerial accounting.

Prerequisite(s): Grade of "C-" or better in ACCT 031 Principles of Accounting I.

(Normally offered each semester.)

An examination of the macroeconomic theories, problems, and policies of the U.S. economy. Topics include supply and demand, a description of the main sectors of the economy, and the role of government in stabilizing the economy with monetary and fiscal policies.

(Normally offered each semester.)

An examination of the microeconomic theories, problems, and policies of the U.S. economy. Topics include the theory of the firm, market structures, and current economic issues such as income distribution, antitrust policy, poverty, the farm problem, and international trade.

Prerequisite(s): ECON 053 Macroeconomic Principles strongly recommended.

(Normally offered each semester.)

An introduction to management theory and practice. Students explore the history of management and the environment in which managers operate. Classroom discussion focuses on the basic managerial functions of planning, organizing, leading, and controlling.

(Normally offered each semester.)

This course is an introduction to spreadsheet applications for business, economics, and accounting. Emphasis will be placed on spreadsheet basics such as creating, organizing, and linking worksheets; editing and formatting cells; entering data; creating simple formulas; using simple functions (e.g., average, sum, fill, etc.); and, with the Excel Chart Wizard, creating basic graphs. Students will gain a fundamental understanding of spreadsheets and their functionality as preparation for business, economics, and accounting courses.

No Pass/Fail.

Prerequisite(s): Departmental major or minor.

(Normally offered each semester.)

An introduction to descriptive and inferential statistics. Topics include gathering, organizing, interpreting, and presenting data with emphasis on hypothesis testing as a method for decision making in the fields of business and economics. Procedures include z-tests, t-tests, ANOVAs, correlation, and simple regression.

Prerequisite(s): Demonstrated proficiency in high school algebra or permission of the instructor.

Corequisite(s): BUSAD 109 Spreadsheet Applications.

(Normally offered each semester.)

An introduction to descriptive and inferential statistics. Topics include the gathering, organizing, interpreting, and presenting of data with emphasis on hypothesis testing as a method for decision making in the fields of business and economics. Procedures examined include z-tests, t-tests, ANOVAs, correlation, and simple regression.

Prerequisite(s): Demonstrated proficiency in high school algebra or permission of the instructor.

Corequisite(s): BUSAD 109 Spreadsheet Applications.

(Normally offered each semester.)

Students examine the role of marketing in society with an introduction to the fundamentals of strategic marketing planning and the development of the marketing mix. Topics include buyer behavior, market segmentation, distribution, pricing policies, communication strategies, and product development.

(Normally offered each semester.)

This course will review modern quantitative methods used in decision making. The intent is to expose the student to various modeling techniques and to apply these techniques using Excel. Topics include linear programming, regression analysis, goal programming, and simulation models.

Prerequisite(s): Grade of "C-" or better in BUSAD 110 Business and Economic Statistics and MATH 010 College Algebra or higher.

(Normally offered each semester.)

Students are introduced to financial management of proprietorships, partnerships, and corporations. Concepts of risk and return, time value of money, and stock and bond valuation are analyzed from a quantitative approach and applied throughout the course. Additional topics covered are the cost of capital as related to discounted cash flow, capital budgeting, and strategic financing decisions. A project consisting of several spreadsheet applications will be utilized in order to expose students to their potential for financial analysis. Topics covered include: basic financial statements, financial ratio analysis, time value of money, valuation and rates of return, the cost of capital, and capital budgeting.

Prerequisite(s): Junior standing and grades of "C-" or better in ECON 053 Macroeconomic Principles, ACCT 032 Principles of Accounting II, and MATH 010 College Algebra or higher, or permission of the instructor.

(Normally offered each semester.)

An introduction to the law, the courts, torts and contracts. It will also explore the law's application to business. This is a required course for Business Administration and Accounting majors.

Prerequisite(s): Junior standing or permission of the instructor.

(Normally offered each semester.)

This course investigates ethical issues and moral dilemmas found in the modern business arena. The conflict between an organization's economic performance and its social obligations are studied. Various economic theories, legal regulations and philosophic doctrines are discussed. Contemporary Western moral philosophy, historic and contemporary Christian ethics, and social theory provide a context for the course. Case studies are integrated throughout the semester.

(Normally offered each spring semester.)

This course integrates all prior accounting, business, and economics courses as final preparation for the student's entry into the business world or graduate studies. Case studies and computer simulations are utilized to enable students to gain an understanding of business operations and the application of business principles.

Prerequisite(s): Senior standing Business Administration, Accounting, or Economics majors, BUSAD 109 Spreadsheet Applications, grades of "C-" or better in ACCT 031 Principles of Accounting I, ACCT 032 Principles of Accounting II, ECON 053 Macroeconomic Principles, ECON 054 Microeconomic Principles, BUSAD 100 Principles of Management and BUSAD 115 Principles of Marketing, or permission of the instructor.

(Normally offered each semester.)

A study of accounting theory and procedure and the preparation of financial statements for corporations. Subjects include present value concepts and the measurement, recording, and presentation of cash receivables, inventory, income, fixed assets, and intangible asset transactions.

Prerequisite(s): Grade of "C-" or better in ACCT 032 Principles of Accounting II or permission of the instructor.

(Normally offered each fall semester.)

A continuation of Accounting 111 that includes a study of long-term liabilities, stockholders' equity transactions, and preparation of the cash flow statement.

Prerequisite(s): Grade of "C-" or better in ACCT 111 Intermediate Accounting I.

(Normally offered each spring semester.)

A study of methods used in allocating costs and expenses to operations. The course involves the comparison of cost data with predetermined budgets and standards.

Prerequisite(s): Grade of "C-" or better in ACCT 032 Principles of Accounting II or permission of the instructor.

(Normally offered each fall semester.)

Focuses on the collecting, processing, and communicating financial information in an organization. An entity's processing cycles are studied. Students receive hands-on experience with manual and computerized accounting applications, including spreadsheets.

Prerequisite(s): Grade of "C-" or better in ACCT 031 Principles of Accounting I, ACCT 032 Principles of Accounting II and BUSAD 109 Spreadsheet Applications or CMPSC 010 Microcomputer Applications or equivalent.

(Normally offered each spring semester.)

This course studies advanced topics in providing and utilizing accounting information in the planning and controlling of business operations, in costing products or services, and in providing quality to customers. Students also study how this information is utilized to create value through improved decision-making from decisions regarding inventory to profitability analysis to long-term capital investments. This course also studies the use of financial information, as well as non-financial information, to evaluate business performance, strategy, and implementation.

Prerequisite(s): Grade of "C-" or better in ACCT 128 Cost Accounting or permission of the instructor.

(Normally offered each spring semester.)

An introduction to Federal Income Tax laws through the study of the tax law, regulations, and procedures that apply to individual taxpayers. This course provides a basic understanding of the Federal Income Tax code and of tax compliance as it relates to individual taxpayers.

Prerequisite(s): Grade of "C-" or better in ACCT 032 Principles of Accounting II or permission of the instructor.

(Normally offered each fall semester.)

A study of the tax law, regulations and procedures that apply to corporations and partnerships. This course also studies more advanced topics in individual and corporate Federal tax law.

Prerequisite(s): Grade of "C-" or better in ACCT 240 Individual Federal Tax Accounting.

(Normally offered each spring semester.)

This course provides an overview of the auditing profession and studies the various types of audit reports. Ethics and professionalism are discussed in the framework of the Code of Professional Conduct for Certified Public Accountants. Concepts such as materiality, audit risk, and evidence are visited, as well as audit planning, internal control, and workpaper documentation. The concept of audit sampling is introduced. Auditing applications to the various business cycles and financial statement accounts are explored.

Prerequisite(s): Grade of "C-" or better in ACCT 112 Intermediate Accounting II or permission of the instructor.

(Normally offered each spring semester.)

Students learn accounting issues related to corporate expansion and prepare financial statements for consolidated entities. International accounting standards, foreign currency, and partnerships are also studied. Additionally, at least 25% of the course focuses on accounting for government and not-for-profit organizations.

Prerequisite(s): Grade of "C-" or better in ACCT 112 Intermediate Accounting II.

(Normally offered each fall semester.)

Each student must work with the department intern coordinator to obtain an accounting-related internship related to the specific area of emphasis or interest of the student. This course presents each student the opportunity for work-related application of accounting. Under special circumstances, a second internship may be taken for credit with the approval of the business department chair and the internship coordinator.

Prerequisite(s): Junior standing and permission of the department internship coordinator.

(Normally offered each semester.)

A study of linear and quadratic equations and inequalities and their graphs; systems of equations and inequalities, algebraic exponential and logarithmic functions and their graphs. Other topics may be selected from sets, complex numbers, sequences and series, and probability.

Prerequisite(s): Appropriate placement score.

(Normally offered each semester.)

A study of elementary functions, their graphs, and applications, including polynomial, rational, algebraic, exponential, logarithmic, trigonometric, and metric functions. Scientific calculators are required and graphing calculators are recommended.

Prerequisite(s): Appropriate placement score or grade of "C" or better in MATH 010 College Algebra.

(Normally offered each semester.)

A calculus course for non-mathematics majors. Topics include limits, continuity, differentiation, and integration with emphasis on relevant applications.

Prerequisite(s): Appropriate placement score or grade of "C" or better in MATH 010 College Algebra.

(Normally offered each fall semester.)

An introduction to calculus of a single variable. Topics include limits, continuity, differentiation, and beginning integration with applications. Assignments are given that help build proficiency in the use of a computer algebra system.

Prerequisite(s): Appropriate placement score or grade of "C" or better in MATH 050 Pre-Calculus.

(Normally offered each semester.)

This course will review the basics of effective oral and written communication and apply these basics to business writing and presentations. A variety of individual and collaborative projects, including memos, letters, and reports, will emphasize the process of drafting, revising, and editing business communications.

Prerequisite(s): Major in Business Administration or Accounting.

This course is designed to explore the intersection of the theory and practice of communication in an organizational context. Particular emphasis will be placed on understanding how organizations function as a part of the larger society. Topics include identity, power, globalization, environmental influences, communication roles, technologies, organizational communciation diagnosis, and ethics. Students will conduct research (case study) on a Lincoln area organization. Prerequisites include COMM 150 and Junior standing.

Prerequisite: COMM 130 Communication Theory

A survey of the application of the law to business entities, with an emphasis on business formation, negotiable instruments and other legal matters. The course is designed to meet the needs of accounting students, prelaw students and students planning on attending graduate school. The course does not satisfy the Business Law requirement for Business Administration majors.

Prerequisite(s): Junior standing or permission of the instructor.

(Normally offered each spring semester.)