ACADEMIC CURRICULUM
Course Descriptions:
BUS 101. Principles of Financial Accounting 3 credits
An 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 credits
An 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 108. Quantitative Business Analysis I 3 credits
Introduction to selected mathematical and quantitative methods used in analyzing Business problems. The quantitative models studied in this course include set theory, linear and quadratic functions, coordinate systems, matrices and the mathematics of finance. Prerequisite: MAT 90 or satisfactory score on the Math Placement Test.
BUS 201-202. Intermediate Accounting I and II 3-3 credits
A 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. Fall. BUS 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. Spring
BUS 207. Analyzing Financial Statements 3 credits
The 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 credits
This 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 credits
This 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. Fall
BUS 215. Marketing 3 credits
A 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. Case studies are used to give the student experience in decision-making.
BUS 216. Quantitative Business Analysis II 3 credits
A 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 credits
A 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. Fall
BUS 227. Consumer Behavior 3 credits
An 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. Spring
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 credits
A 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 credits
A study of investment practices, the risks of investment and the selection of appropriate investment media for personal and institutional purposes. Spring
BUS 308. Cost Accounting I 3 credits
A 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. Fall
BUS 309. Cost Accounting II 3 credits
A 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. Spring
BUS 311. Advanced Accounting 3 credits
The study of business combination, including mergers and consolidations, including the proper presentation of the appropriate form of financial statements. Prerequisite: BUS 202. Fall
BUS 312. Advanced Accounting 3 credits
A 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. Spring
BUS 315. Insurance and Risk 3 credits
A 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. (Fall 2010 and alternate years)
BUS 316. Real Estate Fundamentals 3 credits
Urban 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. Fall
BUS 317. Personnel/Human Resources Management 3 credits
Examination 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. Fall
BUS 318. business Law 3 credits
A course covering 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 credit
The 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. Fall
BUS 322. Applied Investments II 1 credit
Major 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. Spring
BUS 325. business Communication 3 credits
A course covering oral reporting, report writing, letter writing and other communication work such as public relations and press releases. (Offered when interest is expressed and departmental resources permit.)
BUS 326. Small business Management 3 credits
A course designed to integrate all business functions at a small- business level. The purpose of this course is to prepare the student majoring in Small business Management for his or her required internship position. (Fall 2010 and alternate years)
BUS 328. Accounting Information Systems 3 credits
Fundamental principles, techniques and ideas used for business system review and design. Consideration is given to equipment applicable for management use within these systems. Prerequisite: CSC 105 and BUS 102. Spring
BUS 329. Personal Computer Applications for business 3 credits
This course is designed to use the personal computer as a tool for the business student. The student will encounter extensive use of the computer and the most current software available. The thrust of the course will be the application of various packages and their usefulness in business decision making. Prerequisite: CSC 105 or consent of the instructor.
BUS 335. Advertising 3 credits
A study of the role of advertising in a mass 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. Spring
BUS 336. Sales Management 3 credits
A 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. Fall
BUS 337. Real Estate Practice 3 credits
This 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. Spring
BUS 401. Federal Income Taxes I 3 credits
A 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.
Fall
BUS 402. Federal Income Taxes II 3 credits
A 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. Spring
BUS 406. Advanced Finance 3 credits
An 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. (Spring 2011 and alternate years)
BUS 408. Auditing 3 credits
A 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. Fall
BUS 409. Effective Accounting Reporting 3 credits
A 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. (Offered when interest is expressed and departmental resources permit.)
BUS 415. CPA Review 3 credits
A 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 credits
A 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. Fall
BUS 417. Management Policy 3 credits
An 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. Fall
BUS 418. Marketing/Management 3 credits
Capstone 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. Spring
BUS 426. Forensic Accounting 3 credits
An 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. (Offered when interest is expressed and departmental resources permit.)
BUS 435. International business (cross-listed as INT 435) 3 credits
A 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. Spring
BUS 439. Marketing Research 3 credits
An 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. Fall
BUS 445. Portfolio Management 3 credits
The 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. Spring
BUS 446. Derivatives: Options and Futures 3 credits
This 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. Fall
BUS 447. Sports Facility Management 3 credits
An 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. Spring
BUS 448. Sports Law and Ethics 3 credits
An 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. Fall
BUS 466. Accounting Internship Program 1-6 credits
A 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. Small business Management Internship Program 6 credits
A program in which small business management majors intern with a local firm 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: Small business Management majors only, senior standing and consent of the instructor.
BUS 468. business Internship Program 1-6 credits
A program in which qualified Accounting, Public Accounting, Finance, 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. Passfail grade. Prerequisite: Junior standing. Consent of the instructor. Maximum total credit permitted is 6 hours. Note: Students enrolled in the two-year Associate of Science in business Administration Program are limited to a maximum total of three credits.
BUS 469. International Internship 4-16 credits
(cross-listed as INT 469)
The student is placed in a supervised situation with intensive experiences of culture and language in a country outside the United States. Credit is determined by the length of the stay (usually one credit per week; for at least four weeks) and the intensity of experiences in the placement. 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 credits
In 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. See page 117 for further information. 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 credits
A survey of selected topics in business administration to include advanced study in management, finance, 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 credits
Independent studies in business administration to include advanced study in management, finance, accounting, public accounting and marketing. Prerequisites: Junior standing, “B” average in the student’s major and permission of the instructor. Maximum total credit permitted is 6 hours.
