Accounting Courses

ACCT 202 Financial Accounting 3 credits
Financial Accounting provides an introduction to the accountant’s role in the business environment and to the fundamental principles necessary to process and use financial information, including preparation of financial statements and financial statement analysis.

ACCT 203 Managerial Accounting 3 credits
Managerial Accounting introduces students to the organizational role of accounting information, the techniques available to that information, and the benefits and limits of the information provided by the various techniques in response to the manager’s needs. Prerequisite: ACCT 202.

ACCT 222 Research Methods in Accounting 3 credits
This course is an introduction to elementary research methods in accounting. Emphasis is on using spreadsheets to prepare quantitative research projects in accounting. The course includes instruction in the use of microcomputers in economics and business and in writing quantitative reports in accounting. Prerequisites: ECON 163 and MATH 281 or 383 or PSYC 205. Prerequisite or corequisite MATH 282 or 384.

ACCT 311 Principles of Management 3 credits
This course exposes students to the general principles of the field of management, which includes planning, organizing, leading, innovating, and controlling organizational efforts. It also examines the role of ethics and the role of management within the broader social context. (This course may be taken for credit as ECON 311 or BUSA 311.)

ACCT 312 Financial Management 3 credits
Financial Management is an exploration of corporate organizations and of the planning of their financial requirements. The course includes an intensive study of cash flow, ratio analysis, budgeting, capital decision-making, external financing, and corporate failure and reorganization. (This course may be taken for credit as ECON 312 or as BUSA 312.) Prerequisites: ACCT 202 and 203.

ACCT 313 Intermediate Accounting I 3 credits
Intermediate Accounting I is a study of the theoretical foundation of accounting concepts and an extensive study of the practical application of generally accepted accounting principles. Students use problems, case studies, and computer assignments to attain an understanding of these topics. Prerequisite: ACCT 202.

ACCT 314 Intermediate Accounting II 3 credits
Intermediate Accounting II is a continuation of ACCT 313. Prerequisite: ACCT 313.

ACCT 332 Business Law 3 credits
Business Law is an introduction to the nature and development of common law and of the Uniform Commercial Code. Included is the study of contract law, business aspects of criminal law, ethical aspects of legal issues, and issues related to partnerships and corporations. (This course may be taken for credit as ECON 332 or BUSA 332.)

ACCT 350 Income Tax Accounting 3 credits
This course is a study of federal income tax principles for individuals and corporations. Emphasis is on income, exemptions, deductions, credits, capital gains, and losses.

ACCT 361 Financial Auditing 3 credits
Financial Auditing introduces students to auditing principles and  procedures, in both internal and external environments, as they are used to determine the fairness of an organization’s assertions. Students use audit cases and computer assignments to attain an understanding of these topics. Prerequisite: ACCT 313.

ACCT 425 Cost Accumulation and Control 3 credits
Cost Accumulation and Control is a study of cost accumulation systems; job order and process; cost controls; flexible budgets and standard costs; and cost, volume, profit relations. Prerequisite: ACCT 203.

ACCT 435 Advanced Accounting 3 credits
Advanced Accounting introduces students to advanced accounting topics addressed by FASB and GASB pronouncements. Students use problems, case studies, and computer assignments to attain an understanding of these topics. Prerequisite: ACCT 314.

ACCT 478 Seminar in Accounting 3 credits
The Seminar in Accounting is a capstone course integrating the student’s previous work in accounting and economics. The course includes focused writing instruction for preparation of accounting reports. Prerequisite: Senior standing in Accounting.

ACCT 480 Introduction to Peachtree Accounting 1 credit
This course is an introduction to Peachtree Accounting software used in the accounting profession.

ACCT 481 Business Law II 3 credits
This course is a continuation of Business Law I. Topics include: Commercial; Real and Personal Property; Bailment; Landlord and Tenant Relations; Wills Intestacy and Trusts; Intellectual Property; Computer Privacy and Speech; Employer-Employee Relationship; Employment Law; Product Liability; Professional Liability, International Business Law; and, Contract
Interpretation. (This course may be taken for credit as ECON 481 or BUSA 481.)

ACCT 482 Ethics in Business 3 credits
This course exposes students to the social and economic responsibilities of business to society by examining the critical role of ethics in business decision making and its application to key strategic business decisions. (This course may be taken for credit as ECON 482 or BUSA 482.)

ACCT 483 Financial Auditing II 3 credits
This course introduces students to the overall audit plan and audit program, application of the audit process to the sales and collection cycle, acquisition and payment cycle, payroll and personnel cycle, inventory and warehouse cycle, capital acquisition and repayment cycle, and cash balances including analytical procedures and tests of internal controls related to the various audit cycles.

ACCT 487-488 Independent Study 3 credits

ACCT 490 Senior Project 2 credits
The Senior Project is open only to students with a major in Accounting. Students prepare and present a senior project. The topic for the senior project must be approved by the Chair of the Department of Economics and Business.

ACCT 495 Graduation Audit Non-credit
Registration for this course initiates a graduation audit process to verify that all requirements for graduation are scheduled to
be met by the anticipated degree completion date.

Business Courses

BUSA 203 Principles of Advertising and Public Relations 3 credits
This course covers the history and principles of advertising and public relations and discusses the different fields of marketing including industry and non-profit work. Advertising and public relations’ relative places in integrated media and marketing plans are also discussed. (This course may be taken as credit as COMM 203.)
 
BUSA 205 Quantitative Methods for Business and Economics 3 credits
This course teaches the mathematical tools from Calculus and Linear Algebra which are used in Economics and Business. Topics include derivatives, multivariate derivatives, and systems of equations applied to problems from Economics and Business. Not be open to students who have taken MATH 201. Pre-requisites: MATH 105 or the equivalent; proper placement by the Bethany College Mathematics Placement Examination; or permission of the instructor. This course cannot replace MATH 201 as a pre-requisite for MATH 202.
 
BUSA 222 Research Methods in Business 3 credits
This course introduces elementary research methods in business and economics. The course includes the use of microcomputers in business and economics. Emphasis is on using spreadsheets to prepare quantitative research projects in business and economics. The course also covers writing quantitative reports in business and economics. (This course may be taken for credit as ECON 222 or ACCT 222.) Prerequisites: ECON 163 and MATH 281 or 383 or PSYC 205. Prerequisite or corequisite: MATH 282 or 384.

BUSA 287 Organizations and Human Behavior 3 credits
This course is a study of specific aspects of organization culture, such as motivation, conflict, power, and leadership. Focus is on improving the effectiveness of organizations by strengthening human processes. (This course may be taken for credit as PSYC 287 or ECON 287.)

BUSA 290 Principles of Marketing 3 credits
This course introduces the fundamental concepts that help improve marketing decision-making. The student is introduced to the language of marketing, the concepts of marketing strategy, the concepts of product development, the psychology of consumer behavior, the mix of intermediate channel members, and the role of promotion and pricing. (This course may be taken for credit as ECON 290.)

BUSA 311 Principles of Management 3 credits
This course exposes students to the general principles of the field of management, which includes planning, organizing, leading, innovating, and controlling organizational efforts. It also examines the role of ethics and the role of management within the broader social context. (This course may be taken for credit as ACCT 311 or ECON 311.)

BUSA 312 Financial Management 3 credits
Financial Management is an exploration of corporate organizations and the planning of their financial requirements. The course includes an intensive study of cash flow, ration analysis, budgeting, capital decision making, external financing, and corporate failure and reorganization. (This course may be taken for credit as ECON 312 or ACCT 312.) Prerquisites: ACCT
202, 203, and ACCT/BUSA/ECON 222.

BUSA 332 Business Law 3 credits
This course is an introduction to the nature and development of common law and of the Uniform Commercial Code. Included is the study of contract law, business aspects of criminal law, ethical aspects of legal issues, and issues related to partnerships and corporations. (This course may be take for credit as ECON 332 or ACCT 332.)

BUSA 350 Business Cycles and Forecasting 3 credits
This course explores economic fluctuations in the modern American economy against the backdrop of the alternative theories explaining these fluctuations. Students in the course are presented with the quantitative data which describes the cycles and the analytical techniques used to generate economic forecast. Prerequisites: ECON 302 and MATH 282.

BUSA 477 Senior Seminar 3 credits
The Senior Seminar in Business is a review of business practices and policies with respect to the goal of achieving an efficient model for for-profit and non-profit organizations. In the course students gain an integrated insight in the various business disciplines as applied to contemporary business problems and issues. This course also includes focused writing instruction
for the preparation of business reports. Prerequisite: Senior standing in the department or permission of the instructor.

BUSA 481 Business Law II 3 credits
This course is a continuation of Business Law I. Topics include: Commercial; Real and Personal Property; Bailment; Landlord and Tenant Relations; Wills Intestacy and Trusts; Intellectual Property; Computer Privacy and Speech; Employer-Employee Relationship; Employment Law; Product Liability; Professional Liability, International Business Law; and, Contract
Interpretation. (This course may be taken for credit as ACCT 481 or BUSA 481.)

BUSA 482 Ethics in Business 3 credits
This course exposes students to the social and economic responsibilities of business to society by examining the critical role of ethics in business decision making and its application to key strategic business decisions. (This course may be taken for credit as ACCT 482 or ECON 482.)

BUSA 487-48 Independent Study 3 credits

BUSA 490 Senior Project 3 credits
The Senior Project is open only to students majoring in Business Administration. Students prepare and present a senior project. The topic of the senior project must be selected during the first semester of the senior year and must be approved by the department chair.

BUSA 495 Graduation Audit Non-credit
Registration for this course initiates a graduation audit process to verify that all requirements for graduation are scheduled to be met by the anticipated degree completion date.

Economics Courses

ECON 101 Personal Finance 3 credits
This course explores practical and realistic models and methods to manage personal finance effectively including buying and selling a house, balancing a checkbook, budgeting, negotiating, investing, insurance issues, financial planning, valuing stocks and bonds, investing for retirement, and buying insurance for property and person.

ECON 113 Comparative Economic Systems 3 credits
Comparative Economic Systems examines the post World War II performance of the industrialized economies. The course compares the relative economic performance of the market capitalist economies and the former centrally planned socialist economies. Emphasis is on international competition among the industrialized economies. The course concludes with a brief survey of the less developed economies and their prospects for economic modernization.

ECON 162 Principles of Macroeconomics 3 credits
Principles of Macroeconomics introduces the fundamental topics of macroeconomics. The course focuses on the empirical characteristics of the modern American economy and on how those characteristics are measured. Topics covered include aggregate demand and supply analysis, national income determination, fiscal policy, the banking system, and the role of fiscal and monetary policies in controlling and stabilizing unemployment and inflation.

ECON 163 Principles of Microeconomics 3 credits
Principles of Microeconomics introduces the fundamental principles of microeconomic theory and their application to consumer behavior, profit maximization, labor markets, and public choice. Alternative market structures are explored with formal emphases placed on resource allocation and issues of productivity.

ECON 222 Research Methods in Economics 3 credits
Research Methods in Economics introduces elementary research methods in economics. The course includes the use of microcomputers in economics and business. Emphasis is on using spreadsheets to prepare quantitative research projects in economics. The course also covers writing quantitative reports in economics.Prerequisites: ECON 163 and MATH 281 or 383 or PSYC 205. Prerequisite or corequisite: MATH 282 or 384.

ECON 260 Comparative Economic Development 3 credits
Comparative Economic Development examines major analytical and policy issues facing the “lesser developed” nations of the world. Development is defined, and contrasting policies of individual countries that have succeeded or failed are examined. The developmental role of agriculture, export-oriented policies, women, labor markets, multinational corporations, the public sector, the World Bank, and the International Monetary Fund are also considered.Prerequisite: ECON 162 or 163.

ECON 280 Managerial Economics 3 credits
Managerial Economics is a study of profit-maximizing managerial decision-making with emphasis on the external environment of the firm. The course introduces students to quantitative techniques of decision-making. Prerequisite: ECON 163.

ECON 287 Organizations and Human Behavior 3 credits
This course is a study of specific aspects of organization culture, such as motivation, conflict, power, and leadership. Focus is on improving the effectiveness of organizations by strengthening human processes. (This course may be taken for credit as PSYC 287 or BUSA 287.)

ECON 301 Intermediate Microeconomics 3 credits
Intermediate Microeconomics is a study of consumer behavior, demand analysis, market development, output determination, cost analysis, and pure and imperfect competition. The course includes exposure to mathematical constructs.Prerequisites:ECON 163, and either BUSA 205 or MATH 201.

ECON 302 Intermediate Macroeconomics 3 credits
Intermediate Macroeconomics is a study of the determinants and the behavior of the national economy, with emphasis on income determination, employment, price levels, and monetary and fiscal policy. Prerequisite: ECON 162.

ECON 303 Student Investment Fund 2 credits
This course provides students the opportunity to utilize their finance and investment knowledge to make hands-on investment decisions in managing a portfolio of approximately $1 million. The students learn, research, and implement various aspects of fund management such as: establishing portfolio objectives and risk management; researching and analyzing the current economic and investment environment; industry sector analysis; company analysis and evaluation; assessment of risk tolerance; portfolio formation; trading and performance evaluation.

ECON 304 Advanced Microeconomics 3 credits
Advanced Microeconomics is a study of general equilibrium and welfare economic analysis, resource pricing, price discrimination, information and time, external costs and benefits, public goods, transportation, and microeconomic foundations of aggregate demand and supply. This course also includes exposure to appropriate mathematical constructs.Prerequisite: ECON 301.

ECON 310 Principles of Marketing 3 credits
Principles of Marketing introduces the fundamental concepts that help improve marketing decision-making. The student is introduced to the language of marketing, the concepts of marketing strategy, the concept of product development, the psychology of consumer behavior, the mix of intermediate channel members, and the role of promotion and pricing. (This course may be taken for credit as BUSA 310.) Prerequisites: ECON 163 and ACCT 202.

ECON 311 Principles of Management 3 credits
This course exposes students to the general principles of the field of management, which includes planning, organizing, leading, innovating, and controlling organizational efforts. It also examines the role of ethics and the role of management within the broader social context. (This course may be taken for credit as ACCT 311 or BUSA 311.)

ECON 312 Principles of Finance 3 credits
Principles of Finance is an exploration of corporate organizations and the planning of their financial requirements. The course includes an intensive study of cash flow, ratio analysis, budgeting, capital decision making, external financing, and corporate failure and reorganization. (This course may be taken for credit as ACCT 312 or as BUSA 312.) Prerequisites: ACCT 202, 203; ECON 163; MATH 281.

ECON 316 Money and Banking 3 credits
Money and Banking is a study of the behavior of various financial institutions with emphasis on the operation of commercial banks and the Federal Reserve System. The course also includes a review of money, interest rates, and income determination. Prerequisites: ECON 162; ACCT/BUSA/ECON 222; MATH 281.

ECON 325 Investment Management 3 credits
Investment Management is a critical study of the various types of investment instruments and the relative merits of each. In addition, the course explores investment procedures, security analysis, portfolio theories, and portfolio analysis.Prerequisites: ECON 162; ACCT/BUSA/ECON 222; ACCT 202; MATH 281 or permission of the instructor.

ECON 332 Business Law I 3 credits
Business Law is an introduction to the nature and development of common law and of the Uniform Commercial Code. Included is the study of contract law, business aspects of criminal law, ethical aspects of legal issues, and issues related to partnerships and corporations. (This course may be taken for credit as ACCT 332 or as BUSA 332.)

ECON 350 Business Cycles and Forecasting 3 credits
Business Cycles and Forecasting explores economic fluctuations in the modern American economy against the backdrop of the alternative theories explaining these fluctuations. Students in the course are presented with the quantitative data which describes the cycles and the analytical techniques used to generate economic forecasts.Prerequisites: ECON 302 and MATH 282.

ECON 360 International Trade 3 credits
International trade is an examination of the principles of international trade and finance and their application to the modern world. The concepts emphasized are exchange rates, theories of comparative advantage, economies of scale, tariffs, quotas, commercial policy, capital movements, reciprocal effect of changes in microeconomic and macroeconomic policies, the role of international organizations, and aid to developing countries. Prerequisites: ECON 162 and 163.

ECON 371 International Finance 3 credits
International Finance is a study of the balance-of-payment accounts, foreign exchange rate determination, fixed and flexible exchange rate regimes, currency futures and options, international capital flows, indebtedness, interest rates, and the international banking environment.Prerequisites: ECON 162, 163, and ACCT/BUSA/ECON 222.

ECON 477 Senior Seminar 3 credits
The Senior Seminar in Economics is a review of economic analysis with some attention to its historical development. In the course students gain command of the research methods characteristic of contemporary economics and their incorporation in the preparation of written reports in economics.Prerequisite: BUSA 205 or MATH 201 and Senior standing in Economics or permission of the instructor.

ECON 481 Business Law II 3 credits
This course is a continuation of Business Law I.Topics include: Commercial; Real and Personal Property; Bailment; Landlord and Tenant Relations; Wills Intestacy and Trusts; Intellectual Property; Computer Privacy and Speech; Employer-Employee Relationship; Employment Law; Product Liability; Professional Liability, International Business Law; and, Contract Interpretation. (This course may be taken for credit as ACCT 481 or BUSA 481.) Prerequisite: ECON/ACCT/BUSA 332.

ECON 482 Ethics in Business 3 credits
This course exposes students to the social and economic responsibilities of business to society by examining the critical role of ethics in business decision making and its application to key strategic business decisions. (This course may be taken for credit as ACCT 482 or BUSA 482.)

ECON 487-488 Independent Study 3 credits

ECON 490 Senior Project 2 credits
The Senior Project is open only to students majoring in Economics. Students prepare and present a senior project. The topic for the senior project must be selected during the first semester of the senior year and must be approved by the department chair.