Business at Waynesburg University
The vision of the Department of Business is to provide Southwestern Pennsylvania with a Christian business school that is widely recognized for delivering practical and engaging degree programs and learning opportunities that enhance the practice of business in our community, our state, our region and our world.
The mission of the Department of Business is to deliver high quality business programs that emphasize leadership development, foster global and multicultural awareness and build upon a foundation in the liberal arts and humanities. We will create and disseminate applied business knowledge that contributes to the advancement of business education and practice.
Students in Business Administration can select a concentration in Accounting, Forensic Accounting, Public Accounting, Entrepreneurship, Finance, International Business, Management, Marketing, or Sports Management.
As a business major, you can choose from a wide variety of internships that will give you practical application and "real-world" experiences. Through personal one-on-one attention with professors, you can benefit from a comprehensive, unified experience with career needs in mind.
The Department of Business Administration at Waynesburg University has been awarded the status of Candidate for Accreditation by the International Assembly for Collegiate Business Education (IACBE). The Department of Business Administration has affirmed its commitment to excellence in business education and is eligible to undergo an accreditation review of its business programs.
For students looking to further their education in graduate school, check out Waynesburg University's Master of Business Administration Program.
Located in historic Hanna Hall, the Waynesburg University Trading Room, also called the "Hive," offers business students the opportunity to gain valuable, hands-on investment and trading experience.
Through their involvement with the mock-trading opportunities, students are equipped with the skills necessary for related job markets upon graduation.
The Accounting Programs are designed to give the student the necessary skills to succeed in the accounting field after graduation. The public accounting major will prepare the students to become a Certified Public Accountant (CPA) and work in the field of public accounting. The forensic accounting program was developed to provide students with the ability to investigate fraudulent financial activities of companies.
The program of study in accounting prepares students for the role of business information professionals with expertise in analysis, reporting, and translating complex information into critical knowledge. The four-year accounting program prepares students for careers in corporate accounting, government, and financial services.
The forensic accounting program was developed to provide students with the ability to investigate fraudulent financial activities of companies. Forensic accountants often have to give expert evidence at the eventual trial. Students in forensic accounting are trained to the standard of "suitable for use in a court of law".
The public accounting major will prepare the students to become a Certified Public Accountant (CPA) and work in the field of public accounting. Pennsylvania’s State Board of Accountancy follows the national educational standard for granting a CPA license by requiring 150 semester hours of undergraduate or graduate level course. Waynesburg accounting majors can achieve 150 hours in four years. Qualification for taking the CPA exam may be achieved through a concentration in Public Accounting or participation in our B.S.B.A./MBA integrated program.
The program in Business Administration provides students with a background in marketing, management, finance, human resource management, accounting, leadership, and business strategy. Students can choose to pursue a concentration in Finance, Management, Marketing, International Business, Entrepreneurship, or Sport Management. Business majors must earn a grade of C or higher in Business Core courses in order to meet requirements for graduation.
Entrepreneurship teaches students how to manage all aspects of a business enterprise. This program of study emphasizes the key aspects of engaging in entrepreneurial and small business activities to effectively create and execute a compelling business plan. Entrepreneurship entails the methodologies for exploring business ideas, developing those ideas into viable enterprises, and securing financing to grow the business.
Students in finance will use their skills in the areas of investments, banking and other types of financial institutions that control the financial markets of the world. The program of study focuses on financial markets with courses in accounting, business, and economics.
The International Studies curricula are designed to give students a background of events, economics, and cultures of the world. Students may take a broad view or concentrate on the business aspects of international concerns.
Management students focus on the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy. In order to evaluate a company's current and future worth, one of the most important factors are the quality and experience of the managers.
The marketing program is designed to educate students in the workings of the market place including consumer behavior, marketing research, retailing, sales, advertising and marketing management. Marketing students develop skills in the methodologies by which goods and services move from concept to the customer. Students in marketing will use their skills to coordinate the 4 P's of marketing: identification, selection and development of a product, determination of its price, selection of a distribution channel to reach the customer's place, and development and implementation of a promotional strategy.
The sports management program is designed to provide opportunities for students to succeed in a variety of vocational options: high school/college coach, athletic director, health club manager, manager of professional sports teams, positions within personnel/human resources departments (particularly as managers of corporate wellness programs) and an array of marketing functions including advertising and corporate public relations in sports.
Five Year B.S.B.A./M.B.A. Integrated Program
The Integrated B.S.B.A./M.B.A. program at Waynesburg University will enable students to gain an edge in today's fiercely competitive job market. The innovative program's 160-credit curriculum allows eligible students to obtain both a Bachelor of Science in Business Administration (B.S.B.A) and a Master of Business Administration (M.B.A) degree within a streamlined five-year time period. Available concentrations within the 124-credit B.S.B.A. portion of the program include Accounting, Public Accounting, Forensic Accounting, Finance, General Business, Marketing and Sports Management.
Within the first four years of the program, students must meet the General Education requirements (B.S.) delineated in the Waynesburg catalog. Additionally, students follow the recommended course sequence associated with the student's chosen area of concentration within the Business curriculum (e.g. Accounting, Public Accounting, Forensic Accounting, Finance, General Business, Marketing, and Sports Management).
During the fourth year of the program, students enter a program cohort with which students take one M.B.A course per semester in addition to the student's B.S.B.A coursework. Students then complete a six-credit internship/course/individual study during the summer of the fourth year before returning to take twelve M.B.A credits per semester during the student's final year.
The Department of Business Administration at Waynesburg University is an Educational Member of the International Assembly for Collegiate Business Education (IACBE), and has affirmed its commitment to excellence in business education.
The Department of Business Administration at Waynesburg University has been awarded the status of Candidate for Accreditation by the International Assembly for Collegiate Business Education (IACBE) located at 11374 Strang Line Road in Lenexa, Kansas, USA. The Department of Business Administration has affirmed its commitment to excellence in business education and is eligible to undergo an accreditation review of its business programs.
BUS 101. Principles of Financial Accounting 3 creditsAn introduction to the accounting profession, Business activities, and all elements of basic financial statements. This course includes the study of the rules of debit and credit, the use of journals and ledgers, adjusting entries, and closing entries as they apply to sole proprietorships, partnerships, and corporations
BUS 102. Principles of Managerial Accounting 3 creditsAn introduction to cost measurement, cost-volume-profit analysis, budgeting, and performance evaluation. This course focuses on how managers use accounting information as a basis for planning and controlling operations. Prerequisite: BUS 101.
BUS 141. Business Foundations I 3 creditsStudents will be introduced to the major fields existing within the disciplines of Business, including accounting, economics, finance, marketing and management. A history of business will be discussed in order to familiarize students with the practical theories that are the foundation of business, including the active role business has played in the development of societies.
BUS 142. Business Foundations II 3 creditsStudents will have the opportunity to analyze business case studies and use several business software packages such as MS Excel, MS Access, QuickBooks, and MS Word. Class will include analysis and creation of accepted business forms and presentations, as well as an integration of business theory into practical application in the form of presentation(s).
BUS 201. Intermediate Accounting I 3 creditsA course covering advanced principles of corporate accounting. The topics covered will include: cash; compensating balances; accounts receivable; notes receivable; consignment sales; and the preparation of corporate financial statements. Prerequisite: BUS 102.
BUS 202. Intermediate Accounting II 3 creditsBUS 202 is a continuation of advanced principles of corporation accounting. The topics covered will include: valuation of tangible and intangible assets; depreciation, depletion and amortization; amortization of bond premiums and discounts; current and contingent liabilities; long-term debt; contributed capital and retained earnings; and leases and pensions. BUS 201 is a prerequisite for BUS 202.
BUS 207. Analyzing Financial Statements 3 creditsThe text teaches the basic skills of financial statement analysis to the prospective bank lender/credit analyst who is already familiar with fundamental accounting procedures and practices. The course is practical means of discovering how financial data are generated and their limitations; techniques for analyzing the flow of a Business's funds; and methods of selecting and interpreting financial ratios. It also presents analytical tools for predicting and testing assumptions about a firm's future performance. The course deals with the conceptual framework for analysis, basic and advanced analytical techniques and utilizes the comprehensive case study method. Prerequisite: BUS 102. (Offered when interest is expressed and departmental resources permit.)
BUS 208. Principles of Management 3 creditsThis course is designed to give the students a thorough understanding of the function of management. It examines in depth the nature of planning, organizing, directing and controlling at three managerial levels within the firm. Students will be given the opportunity to apply these functions via the use of case histories.
BUS 209. Introduction to Forensic Accounting 3 creditsThis course develops a foundation of knowledge for forensic accounting by examining what forensic accounting is and how forensic accounting principles are applied in both civil and criminal legal proceedings. This course will be separated into two sections: courtroom procedures. Additionally, the ethics of forensic accountants will be stressed to the students throughout the course. This course covers specific fraud schemes and crimes, the indicators of fraud, theories of fraud detection and prevention, and forensic accounting investigative techniques. In addition to studying the criminal aspects of fraud, the course will introduce students to areas of civil litigation, and such areas as (1) hidden asset discovery, (2) calculation of actual and future damages, and (3) Business valuations. Specific civil litigations, such as bankruptcy, medical malpractice, and divorce proceedings will be studies. Three hours of lecture per week. Prerequisites: BUS 101 and 102.
BUS 215. Marketing 3 creditsA study of the problems of a firm involved in marketing. Determination of market demand will be examined together with channels of distribution and methods of arriving at an equitable price. Students in marketing learn the importance of coordinating the 4 P's of marketing: identification, selection and development of a product, determination of its price, selection of a distribution channel to reach the customer's place, and development and implementation of a promotional strategy
BUS 216. Quantitative Business Analysis II 3 creditsA continuation of quantitative methods used in analyzing Business situations which were studied in QBA I. The topics include descriptive statistics and probability, probability distribution, statistical inference, regression analysis, PERT/CPM, inventory control models, queuing theory, forecasting and simulation. Computer application is used as a tool in the problem solving method. Prerequisite: MAT 90 or satisfactory score on the Math Placement Test.
BUS 219. Retailing 3 creditsA study of the principles of retail management. The topics to be covered will include purchasing, pricing, inventory control, display, store location, layout and organization. Prerequisite: BUS 215 or permission of instructor.
BUS 227. Consumer Behavior 3 creditsAn overview of the consumer decision process and the external and internal factors that influence buyer behavior. Examined external factors include; culture, social class, family influences, and referent situational influences. Internal factors include; individual consumer characteristics, motivations, and psychological processing mechanisms. Particular attention is given to the manner in which marketers utilize an understanding of consumers to develop relevant marketing strategies.
BUS 228. Cultures & Environments of Global Business 3 credits (cross-listed as INT 228)Cultures & Environments of Global Business is an introductory survey course of global cultures and environments that form the context for Business in a diverse and interdependent world. A study of world markets including an analysis of economic, political, cultural and Business trends impacting multinational corporations. This course provides an interdisciplinary approach to intercultural and international Business issues. Students will develop global awareness and exposure to different cultures. Topics covered include globalization, cultural diversity, ethnicity, nationalism, religion, languages, legal & economic systems, corporate culture, ethics, human rights and resources. (Offered when interest is expressed and departmental resources permit.)
BUS 306. Business Finance 3 creditsA course in the essentials of managerial finance. Topics discussed include the role of the financial manager in the modern corporation, financial forecasting, capital budgeting, interest theory, valuation, leverage, the cost of capital, dividend policy, working capital management, issuance of stocks and bonds, mergers, consolidations and reorganizations. Prerequisite: BUS 102 or permission of instructor.
BUS 307. Investments 3 creditsA study of investment practices, the risks of investment and the selection of appropriate investment media for personal and institutional purposes.
BUS 308. Cost Accounting I 3 creditsA study of cost-volume-profit analysis, job-order costing, flexible budgets and standards, variance analysis, absorption–vs–direct costing and cost behavior. Prerequisite: BUS 102.
BUS 309. Cost Accounting II 3 creditsA continuation of cost accounting emphasizing joint products and by-products, spoilage and scrap, process costing, mix and yield variances and transfer pricing. The analytical processes available in the system for use as a management tool are also examined. Prerequisite: BUS 308.
BUS 311. Advanced Accounting 3 creditsThe study of business combination, including mergers and consolidations, including the proper presentation of the appropriate form of financial statements. Prerequisite: BUS 202.
BUS 312. Advanced Accounting 3 creditsA course in advanced accounting topics including: partnership formation, operations and liquidations, not-for-profit accounting such as state and local government, hospitals and universities, voluntary health associations and earnings per share reporting. Other topics may include income determination and/or foreign currency translation. Prerequisite: BUS 202.
BUS 315. Insurance and Risk 3 creditsA comprehensive study of the concepts in risk and insurance. The course emphasizes fire, casualty and life insurance and the coverage obtainable in these lines. The problems encountered in the insurance business are also studied including insurance carrier's risk measurement, premium computation, contractive type and policy provision
BUS 316. Real Estate Fundamentals 3 creditsUrban growth and development are explored as part of the economic theory and investment. Basic terminology and considerations of the real estate business are developed within the theoretical framework.
BUS 317. Personnel/Human Resources Management 3 creditsExamination of the human problems typically found in industrial organizations. Skill in problem analysis, the evolution of workable solutions and the development of action plans are stressed.
BUS 318. Business Law 3 creditsThe course covers the essentials of Business Law as it relates to today's business environment. Topics discussed include: ethics; white-collar crime; torts; contracts; sales; commercial paper; landlord-tenant relations; wills and trusts; intellectual property; computer privacy; e-commerce; and employment law.
BUS 321. Applied Investments I 1 creditThe goal of this course is to provide basic investment strategies and methods of executing those strategies to achieve portfolio objectives. Additional goals include the analysis of investment strategies and objectives and learn pricing techniques that implement various discount models, cash flow models and curves to evaluate burn rate. Prerequisites: BUS 306 and 307.
BUS 322. Applied Investments II 1 creditMajor topics to be discussed in this class will be the evaluation of options to enhance profitability, analysis of burn rates on IPO's, Venture Capital Investments, funding for non-profits and diversification through hedging with future contracts. Prerequisite: BUS 321.
BUS 326. Entrepreneurial Planning 3 creditsThis course emphasizes the key aspects of engaging in entrepreneurial and small business activities and the associated skill of creating a compelling business plan. The intent is to provide the business major as well as other disciplines methodologies for exploring business ideas, developing those ideas into viable enterprises, and securing financing to grow the business. Whenever possible real-world case studies including student developed ideas and plans to-date will be applied to analyze and learn these concepts in the business setting. Christian and ethical principles will be identified as appropriate as part of case discussions.
BUS 328. Accounting Information Systems 3 creditsFundamental principles, techniques and ideas used for business system review and design. Consideration is given to equipment applicable for management use within these systems. Prerequisite: BUS 102.
BUS 335. Advertising 3 creditsA study of the role of advertising in a consumption economy. Topics treat the history of advertising, the relationship of advertising to the firm and society, the functions of advertising, media selection, budgeting, and advertising production.
BUS 336. Sales Management 3 creditsA study of selling and sales management and its relation to the marketing function. General principles of selling, retail selling, use of advertising and the laying out of sales territories are studied. Prerequisite: BUS 215 or permission of instructor.
BUS 337. Real Estate Practice 3 creditsThis course is designed to acquaint the student with the basic techniques, procedures, regulations and ethics involved in a real estate transaction, along with a working knowledge of the forms, documents and related mathematics used in real estate contracts.
BUS 358. Leadership and Stewardship 3 CreditsThis course explores the key leadership and stewardship characteristics and attributes necessary to successfully lead innovation regardless of discipline or service activity. Students are exposed to stewardship principles critical to generating organizational excellence as well as maximizing stakeholder benefit through effective leadership, exercise of the innovation processes and how to leverage the entrepreneurial mindset through practical application.
BUS 401. Federal Income Taxes I 3 creditsA course designed to cover the federal income tax laws and regulations dealing with individuals. An individual income tax return will be prepared. Prerequisite: BUS 102.
BUS 402. Federal Income Taxes II 3 creditsA course designed to cover the federal income tax laws and regulations of partnerships, corporation (including S Corporations), estates and trusts, estate death taxes and gift taxes. Actual tax returns will be prepared. Prerequisite: BUS 102.
BUS 406. Advanced Finance 3 creditsAn intensive and advanced study of the financial principles examines in BUS 306, including further study of cost of capital, capital budgeting and other financial methods used to make business decisions. Extensive use of the computer will be made to solve complex business problems, and case presentations will be mandatory. Prerequisite: BUS 306.
BUS 408. Auditing 3 creditsA comprehensive study of the theory and practice of auditing. Deals specifically with the relationship of the accountant with the client; the working papers; the audit procedure; internal control procedure; and the ethics of the public accounting profession. Prerequisite: BUS 202.
BUS 409. Effective Accounting Reporting 3 creditsA study of various financial accounting subjects with emphasis on pure accounting theory. The topics to be examined will include income determination, price-level adjustments, working capital, depreciation/depletion/amortization and stockholders' equity. Prerequisite: BUS 311 and consent of the instructor.
BUS 415. CPA Review 3 creditsA comprehensive course to help a candidate prepare for the CPA examination by aiding the individual in developing a specific study plan, reviewing statistical trends of questions on recent exams and the actual preparation of test questions and problems from prior exams. Prerequisites: BUS 311 and consent of the instructor. (Offered when interest is expressed and departmental resources permit.)
BUS 416. Business, Government and Ethics 3 creditsA study of the legal framework within which business professionals operate. Major areas to be discussed include the corporation in society, business and the social environment, ethical issues in business with a major focus on corporate scandals, business in a global environment, technological change, and building relationships with stakeholders.
BUS 417. Management Policy 3 creditsAn advanced course for finance, marketing or management majors. Emphasis is placed on the integration of problem solving techniques applied to the firm as a system. Evaluation and solution will be effected through business simulations and case study method. Prerequisites: Senior status, or consent of the instructor.
BUS 418. Marketing/Management 3 creditsCapstone course for the marketing and management majors. This course is designed to integrate the basic principles of Marketing, Management and Finance in a case study. Students will learn the analysis of real problems in these respective areas. Prerequisites: Senior status, or consent of the instructor.
BUS 426. Forensic Accounting 3 creditsAn advanced review of strategies and tactics essential to the fraud examination process. Course presentation assumes basic accounting knowledge and guides the student into specialized, applied settings, indicative of forensic accounting. Coverage includes: financial statement analysis, interpretation and scrutiny of financial records and documentation, trace techniques, reporting irregularities, fraud examination approaches, legal rules and statutory construction pertinent to accounting practices. Students will prepare a series of field exercises in common fraud cases such as bankruptcy, insurance, employee/employer reporting, covert examinations, trading practices and money laundering schemes. Prerequisite: BUS 202.
BUS 435. International Business (cross-listed as INT 435) 3 creditsA study of the world market and an analysis of economic, political, cultural and business trends as they influence the multinational corporation. Risk taking, financing and investment are considered. Marketing variations among countries are discussed. Students are required to prepare a research report on the operation of a corporation doing business abroad or of another country's business system.
BUS 439. Marketing Research 3 creditsAn introduction to the fundamentals of marketing research. Emphasis will be placed on the practical development and uses of research in marketing settings. The course will specially review problem definition, research design, sampling techniques, data analysis, and data display from a predominantly practitioner perspective. Prerequisite: BUS 108, BUS 216 or MAT 215.
BUS 445. Portfolio Management 3 creditsThe goal of this course is to expand on the principles and theories discussed in prior Finance courses. The course will specifically use fundamental security analysis combined with modern portfolio theory so the student gains an understanding of how to fairly price assets and form a portfolio based on specific objectives and risk levels. Major topics to be discussed include a review of basic Finance principles, portfolio construction, portfolio management, portfolio protection, and emerging topics in the area of portfolio management. Upon completion of this course, the student should be able to analyze individual debt and equity instruments, make decisions regarding the allocation of assets and the formation of a portfolio and make decisions concerning investment advice. Students will construct a portfolio as a requirement for this course. Prerequisites: BUS 306, BUS 307, MAT 215 or BUS 216.
BUS 446. Derivatives: Options and Futures 3 creditsThis course examines the risks and uses of listed options and futures contracts. The topics to be discussed in this course include: principles of options, basic option strategies, advanced option strategies, option pricing, futures markets, and uses of commodity and financial futures. Emphasis will be placed on using options and futures for hedging and speculating by both institutional and individual investors and traders. Prerequisites: BUS 306 and BUS 307.
BUS 447. Sports Facility Management 3 creditsAn overview of the fundamentals associated with managing facilities and the events conducted within those facilities. Examined topics include the facility planning process and the specifics associated with facility development, management, and maintenance.
BUS 448. Sports Law and Ethics 3 creditsAn overview of the legal system in specific relation to sports law. Examined topics include contract and tort law in sports and the manner in which sports managers recognize and address legal liability and exposure within the sport workplace. Additionally, a review of the ethical issues confronting sports managers is presented. Prerequisite: BUS 318.
BUS 466. Accounting Internship Program 1-6 creditsA program in which qualified accounting majors and public accounting majors intern with a local business or governmental unit on a part-time basis for a semester. The student will combine his or her academic knowledge with on-the-job experience. Pass-fail grade. Prerequisite: Junior standing. Consent of the instructor. Maximum total credit permitted is 6 hours.
BUS 467. Entrepreneurship Internship Program 1-6 creditsA program in which qualified entrepreneurship majors intern with a local business on a part-time basis for a semester. The student will draw upon his/her academic knowledge to aid the local enterprise in its overall operation. Pass-fail grade. Prerequisites: Entrepreneurship majors, senior standing and consent of the instructor.
BUS 468. Business Internship Program 1-6 creditsA program in which qualified Finance, Leadership, Management, Marketing and Sports Management majors as well as candidates for the Associate degree in Business Administration, intern with a business or governmental unit. The student will use this experience to supplement his or her academic program. Pass fail grade. Prerequisite: Junior standing. Consent of the instructor. Maximum total credit permitted is 6 hours.
BUS 469. International Internship 4-16 credits(cross-listed as INT 469)
The student has several options for obtaining experience in an international context. A student may choose to study abroad, engage in an immersive international mission trip, be placed in a supervised international business internship or serve an internship in the US with a foreign owned business. Credit is determined by the length of the stay (one credit per week for study abroad or international mission trips) or the number of hours served in the internship (40 hours of work for one credit hour). The student is required to achieve four credits of international experience and can count a maximum of 16 credits towards their degree program. Student is responsible for all travel costs and any surcharges as a result of the program selected. Placements are available in nearly every country and will vary according to the agency supervising the internship.
BUS 475. Advanced Faith and Learning Integration 3 creditsIn the spirit of the mission of Waynesburg University, this course intends to provide junior and senior level students with an unparalleled opportunity to integrate the Bible materials and its history of interpretation to the academic disciplines. Students who wish to engage in this level of theological reflection on vocation should consult with both their academic advisors and with the Chair of the Biblical and Ministry Studies Major Program. This course will not substitute for senior capstone/research courses required in the majors. Prerequisites: Junior or Senior standing; three credits in BMS courses; 3.0 minimum GPA. (Offered when interest is expressed and departmental resources permit.)
BUS 495. Selected Topics in Business Administration 3 creditsA survey of selected topics in business administration to include advanced study in management, entrepreneurship, finance, leadership, accounting, public accounting and marketing. Prerequisite: Junior standing, "B" average in the student's major and permission of the instructor.
BUS 497. Independent Studies in Business Administration 1-6 creditsIndependent studies in business administration to include advanced study in management, entrepreneurship, finance, accounting, public accounting, leadership, and marketing. Prerequisites: Junior standing, "B" average in the student's major and permission of the instructor. Maximum total credit permitted is 6 hours.
Chairperson for the Fine Arts Department - Professor of Business Administration