University of Dubuque

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Undergraduate Curriculum

The Business and Accounting Department offers a Bachelor of Business Administration degree with majors in Accounting, Business, Human Resource Management and Marketing. A student must take 33 credits of business core competency courses (including 3 internship credits) and 24 credits in the major. In some exceptional situations, upon approval of the Head of the Business and Accounting Department, the internship requirement may be replaced by at least 3 credits of an independent project in business.

For the baccalaureate degree, the following courses, comprising the core competencies of the business department are required of all students pursuing an Accounting, Business, Human Resource Management, or Marketing major:

Business core competencies (33 cr)

  • BAC 120-Principles of Macroeconomics (Global Awareness Pillar course) (3)
  • BAC 160-Principles of Microeconomics (3)
  • BAC 201-Principles of Management (3)
  • BAC 241-Principles of Financial Accounting (3)
  • BAC 242-Principles of Managerial Accounting (3)
  • BAC 280-Principles of Marketing (3)
  • BAC 300-Principles of Finance (3)
  • BAC 340-Effective Communication in Business (WVS III course) (3)
  • BAC 421-Business Law (3)
  • BAC 475-Administrative Policy Seminar (WVS IV course) (3)
  • BAC 485-Internship (3)

The Accounting major prepares students for careers in public and private accounting as well as government and nonprofit accounting with the potential of credentialing as a Certified Public Accountant and/or Certified Management Accountant.

For the Accounting major, the following courses are required: Business Core Competencies courses including 3 internship credits, plus 24 credits of required accounting courses as follows:

  • BAC 341-Intermediate Accounting I (3)
  • BAC 342-Intermediate Accounting II (3)
  • BAC 346-Accounting Information Systems (3)
  • BAC 351-Cost Accounting I (3)
  • BAC 441-Federal Taxation I (3)
  • BAC 442-Federal Taxation II (3)
  • BAC 446-Auditing (3)
  • Three accounting elective credits (as approved by the advisor) (3)

Note:  Only 6 credits of the ‘required accounting courses’ and electives taken to fulfill the Accounting major may be applied toward an additional major offered within the Business and Accounting department. In some exceptional situations, upon approval of the Head of the Business and Accounting Department, the internship requirement may be replaced by at least 3 credits of an independent project in business.

The Business major prepares students to apply business theories and sound judgment in pursuing business goals, objectives and solutions to business problems. Students will develop marketable skills which will provide professional growth as well as contributing toward the enhancement of value for a business organization or entrepreneurial opportunities. Students also have an opportunity to specialize within a specific area of business through elective courses.

For the Business major, the following courses are required: Business Core Competencies courses including 3 internship credits, plus 24 credits of required business courses as follows:

Required Business courses:

  • BAC 220-Contemporary Economics (3)
  • BAC 262-Personal Financial Stewardship (3)
  • BAC 304-Human Resource Management (3)
  • BAC 309-Principles of Selling (3)
  • BAC 324-Leadership and Motivation (3) OR BAC 332-Negotiation and Conflict Management (3)
  • Nine business elective credits (as approved by the advisor) (9)

Note:  Only 6 credits of the ‘required business courses’ and electives taken to fulfill the Business major may be applied toward an additional major offered within the Business and Accounting department. In some exceptional situations, upon approval of the Head of the Business and Accounting Department, the internship requirement may be replaced by at least 3 credits of an independent project in business.

The Human Resource Management major provides 21st century skills, knowledge, and understanding of human resource and management functions that prepare students to work in business administration, human resources, and management in the for-profit, nonprofit, or public sector.

For the Human Resource Management major, the following courses are required:  Business Core Competencies courses including 3 internship credits, plus 24 credits of required business courses as follows:

Required Human Resource Management courses:

  • BAC 304-Human Resource Management (3)
  • BAC 321-Recruitment and Selection (3)
  • BAC 322-Compensation and Performance Management (3)
  • BAC 324-Leadership and Motivation (3)
  • BAC 332-Negotiation and Conflict Management (3)
  • Nine business elective credits (as approved by the advisor) (9)

Note:  Only 6 credits of the ‘required human resource management courses’ and electives taken to fulfill the Human Resource Management major may be applied toward an additional major offered within the Business and Accounting department. In some exceptional situations, upon approval of the Head of the Business and Accounting Department, the internship requirement may be replaced by at least 3 credits of an independent project in business.

The Marketing major prepares students to pursue career opportunities in advertising, product/brand management, consulting, marketing research, retailing, sales management, business-to-business marketing, and supply chain management.  Marketing creates exchanges between organizations and customers. It includes planning, designing, pricing, promoting and distributing goods and services that satisfy organizational and customer needs. In both the high-level economy of the United States and the global market place, marketing has become a critical and comprehensive business function. The concept of marketing is becoming increasingly broad and important.

For the Marketing major, the following courses are required: Business Core Competencies courses including 3 internship credits, plus 24 credits of required marketing courses as follows:

Required Marketing courses:

  • BAC 308-Advertising (3)
  • BAC 309-Principles of Selling (3)
  • BAC 311-Internet Marketing (3)
  • BAC 338-Marketing Research (3)
  • BAC 339-Consumer Behavior (3)
  • BAC 408-Marketing Management (3)
  • Six business elective credits (as approved by the advisor) (6)

Note:  Only 6 credits of the ‘required marketing courses’ and electives taken to fulfill the Marketing major may be applied toward an additional major offered within the Business and Accounting department. In some exceptional situations, upon approval of the Head of the Business and Accounting Department, the internship requirement may be replaced by at least 3 credits of an independent project in business.

Minors in the Business and Accounting Department:

Accounting minor - consists of 21 credits including 15 credits of required courses and 6 credits of accounting elective credits as follows:

Required courses:

  • BAC 241-Principles of Financial Accounting (3)
  • BAC 242-Principles of Managerial Accounting (3)
  • BAC 341-Intermediate Accounting I (3)
  • BAC 342-Intermediate Accounting II (3)
  • BAC 351-Cost Accounting I (3)
  • Six accounting elective credits (6)

Note: Students pursuing a minor in Accounting are encouraged to meet with the Head of the Business and Accounting Department to ensure their selection of accounting courses is appropriate.

Business minor - consists of 21 credits including 12 credits of required courses and 9 credits of business elective credits as follows:

Required courses:

  • BAC 120-Principles of Macroeconomics (3)
  • BAC 201-Principles of Management (3)
  • BAC 241-Principles of Financial Accounting (3)
  • BAC 280-Principles of Marketing (3)
  • Nine business elective credits (9)

Note: Students pursuing a minor in Business are encouraged to meet with the Head of the Business and Accounting Department to ensure their selection of business courses is appropriate.

Human Resource Management minor - consists of 21 credits including 15 credits of required courses and 6 credits of business elective credits as follows:

Required courses:

  • BAC 201-Principles of Management (3)
  • BAC 304-Human Resource Management (3)
  • BAC 321-Recruitment and Selection (3)
  • BAC 322-Compensation and Performance Management (3)
  • BAC 324-Leadership and Motivation (3)
  • Six business elective credits (6)

Note: Students pursuing a minor in Human Resource Management are encouraged to meet with the Head of the Business and Accounting Department to ensure their selection of business courses are appropriate.

Marketing minor - consists of 21 credits including 15 credits of required courses and 6 credits of business elective credits as follows:

Required courses:

  • BAC 280-Principles of Marketing (3)
  • BAC 308-Advertising (3)
  • BAC 309-Principles of Selling (3)
  • BAC 338-Marketing Research (3)
  • BAC 339-Consumer Behavior (3)
  • Six business elective credits (6)

Note: Students pursuing a minor in Marketing are encouraged to meet with the Head of the Business and Accounting Department to ensure their selection of marketing courses is appropriate.

BUSINESS COURSE DESCRIPTIONS

BAC 120-Principles of Macroeconomics (3)

This is a course in basic macroeconomic theory which is the study of the global and national economies as opposed to the study of the behavior of individuals or organizations. Topics in this class include issues such as international governmental policies, global allocation of resources, unemployment, the Federal Reserve, international perspectives of economic thought and governmental policies. Upon completion, students will be able to recognize and articulate basic macroeconomic concepts and how they are being use to address domestic and global economic issues. Prerequisite: none

BAC 160-Principles of Microeconomics (3)

This is an introductory course in microeconomics which is the study of the behavior of individuals and organizations in the making of economic decisions. This course will focus on the overall topic of market exchanges and why people, organizations, governments, and nations work the way they do. Upon completion, students will be able to understand and articulate economic issues from a market efficiency perspective. Prerequisite: none

BAC 201-Principles of Management (3)

This course is a study of management and leadership principles and the skills necessary to develop and achieve organizational goals. The emphasis is on the study of interpersonal behavior, motivation, group dynamics, and the methods of coordination, design, change, and adaptation within an organization. Upon completion, students will be able to identify and articulate management and leadership principles and their impact upon micro and macro organizational issues. Prerequisite: none

BAC 220-Contemporary Economics (3)

This course is a study of economic causes and solutions to common societal problems. Emphasis is placed upon intermediate microeconomic models as a tool to analyze policy options. Upon completion, students will be able to independently analyze an original problem and create a viable economic solution using microeconomic models. Prerequisites: BAC 160; and UDMA 111 or UDMA 112

BAC 241-Principles of Financial Accounting (3)

This course is a study of the fundamentals of financial reporting and introduces business decision-making using accounting information. Students learn how business transactions are recorded in the accounting records of an organization and how to use various types of accounting information found in financial statements and annual reports with emphasis placed on analyzing, summarizing, reporting, and interpreting financial information. Upon completion, students should be able to prepare basic financial statements in compliance with generally accepted accounting principles, understand the role of financial information in decision-making and address ethical considerations. Prerequisites: Sophomore standing. It is strongly recommended that student have completed CIS 101(or CIS 103) and UDMA 111(or UDMA 112)

BAC 242-Principles of Managerial Accounting (3)

This course is a study of the managerial uses of accounting information.  Topics include cost-volume-profit analysis, job order cost systems, standard costs, variance analysis, and budgeting.   Successful completion of this course provides the tools necessary for effective decision-making and control of a business. Prerequisite: BAC 241

BAC 252-Enactus (1)

This course is a student-run class that focuses on helping others through entrepreneurial efforts via an affiliation by an international organization called Enactus. Emphasis will be placed upon, entrepreneurship, sustainability, financial stewardship, and teamwork through service learning opportunities. Upon completion, students will understand the impact that business principles can have on the community, enable them to participate in projects that empower others, and further enhance their understanding of business. This course may be repeated for credit up to fours times. Three credits of this course can be used to fulfill business elective requirements of the Business major and minor, the Marketing major and minor, and the Human Resource Management major and minor.

BAC 262-Personal Financial Stewardship (3)

This course is designed to make students better financial stewards in their personal and professional environments. The details of tax forms and exemptions, charitable donations, financial planning, and financial markets will be explored. Additionally, issues regarding compensation, tax deferred accounts, and insurance options will be covered as well as credit options, how to finance major purchases and budgeting. Upon completion, students will be able to demonstrate, through a portfolio of financial tools, their understanding of the fundamentals of making informed choices regarding spending, saving, borrowing and investing for long-term financial stability. Prerequisite: UDMA 111 or UDMA 112. It is strongly recommended that student have completed CIS 101 or CIS 103

BAC 280-Principles of Marketing (3)

This course is a study of concepts and principles in the delivery of goods and services to consumers in a business to business and business to consumer settings. Focus is on the four-P’s of marketing: Products, Price, Place, and Promotion; as well as discussion on the ethics of marketing in today’s society. Upon completion, students will understand the role of marketing in delivering products and services to consumers, enable them to produce a marketing plan for a variety of products (including themselves), and enhance their understanding of what are and are not acceptable practices in the professional field of marketing. Prerequisite: none

BAC 300-Principles of Finance (3)

This course provides a broad understanding of basic finance principles with a working knowledge of concepts, tools, and applications appropriate for financial decision-making. An emphasis on the analysis of the sources and use of funds, fundamental valuation concepts, short and long term financing and working capital management and the application thereof. Upon completion, students will be able to utilize financial tools including financial analysis, working capital management, capital budgeting, net present value mechanisms, stock and bond pricing models, and risk analysis to aid in financial decision-making.  Prerequisites: UDMA 111 or UDMA 112; BAC 120, BAC 160, and BAC 241

BAC 304-Human Resource Management (3)

This course introduces the student to the major components of the human resource management functions: job analysis, planning, recruitment, selection, training/development, compensation, performance appraisal, labor relations, and employee relations. Upon completion, students will understand the human resource management functions and be able to analyze how these functions bring value to organizations. Prerequisite BAC 201

BAC 308-Advertising (3)

This course is the study of advertising, promotional and marketing communication tools, also known as Integrated Marketing Communications (IMC). The course covers the functional marketing communications areas such as advertising, public relations, sales promotion, business communications and writing, and direct response in terms of their strengths and weaknesses in an integrated program. Upon completion, students will develop a successful IMC strategy and plan, as well as grasp concepts of concentrating marketing budgets on integrated targets, the timing of messages, and of message strategies. Prerequisite: BAC 280

BAC 309-Principles of Selling (3)

Selling is universal. Everyone uses persuasive communication to “sell” products, services, ideas, opinions, or points of view. In this course, students will examine and practice the techniques and use tools to examine, develop and improve sales skills. Focused on business-to-business sales, the concepts covered will apply to negotiating mutually beneficial agreements. From customer identification through gaining agreement and follow-up, learn to identify customer problems and develop solutions that appeal to customers and benefit the organization. Upon completion, students will understand and practice the selling process from the perspective of the seller and purchaser. Prerequisite: BAC 280

BAC 311-Internet Marketing (3)

This course examines Internet marketing strategies/best practices to promote organizational marketing objectives. Emphasis is placed upon brand awareness, lead generation, prospect nurturing and engagement, sales conversion, customer acquisition and retention, traffic augmentation (online/offline), and customer service. Upon completion, students will be able to develop an Internet marketing plan to support the organizational objectives in for-profit, nonprofit and government models. Prerequisite: BAC 280

BAC 320 - Risk and Operations Management (3)

This course is designed to provide students with a working understanding of operations management, decision-making strategies and the processes employed to determine risk in operations. This course will address management problems we observe in firms such as capacity constraints, quality assurance, inventory control, mitigating risk and scheduling. Prerequisites: BAC 120, BAC 300; and UDMA 111 or UDMA 112

BAC 321-Recruitment and Selection (3)

This course examines the strategic role of staffing in improving productivity and organizational success in a competitive economic environment including the key legal compliance issues associated with staffing organizations. Emphasis is placed on human resource management planning processes including: job analysis, effective recruitment strategies, developing selection processes, and formulation of staffing plans. Upon completion, students will be able to understand the recruitment and staffing processes and will be able to design and prepare a staffing plan. Prerequisite: BAC 304

BAC 322-Compensation and Performance Management (3)

This course examines quantitative and non-quantitative position/job evaluation systems and techniques. Emphasis is placed on individual wage and salary determination methods, compensation structures, incentives systems, employee benefits, and the strategic aspects of effective compensation design and performance management systems. Upon completion, students will learn to diagnose performance deficiencies, establish individual and group performance improvement plans, and design a best practices framework for compensation and benefits administration within an organization. Prerequisite: BAC 304

BAC 323-Training and Development (3)

This course examines the principles and processes utilized by organizations in the training and professional development of their employees. Emphasis is placed upon needs assessment, instructional design, delivery methods, and training effectiveness evaluation. Emphasis is also placed upon the principles of organizational development within the total strategic human resources management construct. Upon completion, students will apply the decision-making approaches for the identification and structuring of training and development objectives and be able to design training and development plans that enhance organizational effectiveness. Prerequisite: BAC 304

BAC 324-Leadership and Motivation (3)

This course applies leadership theories as well as applied concepts and skills to lead and motivate individuals and groups in organizational environments. This course integrates classical and contemporary models of leadership and motivation as well as ethical issues found in current leadership and motivational applications. Upon completion, students will be able to understand ethical and non-ethical issues of motivating others and be able to identify and integrate the characteristics associated with good leadership. Prerequisite: BAC 201

BAC 328-International Marketing (3)

This course introduces students in marketing theory and methods as they apply to world markets. Emphasis is placed upon the importance of linking international marketing with the overall strategy of the business while examining the impact of cultural, political and legal issues and the economic differences in global strategies and the marketing mix appropriate to various international global environments. Upon completion, students will develop a strategic international marketing plan addressing opportunities within the organization’s international scope. Prerequisites: BAC 280

BAC 330-Financial Statement Analysis (3)

This course emphasizes techniques for analyzing financial statements, with an emphasis on practical applications and interpretations of the balance sheet, income statement, and statement of cash flows. Information and analysis is of interest to investors, lenders, and employees. Analysis is accomplished through the use of ratio analysis, common size analysis, and the understanding of relevant finance and accounting concepts and principles. Prerequisite: BAC 300

BAC 332-Negotiation and Conflict Management (3)

This course exposes students to the theory and skills used in all phases of the negotiation and conflict resolution processes. Emphasis is placed upon applications in one-on-one, multi-party, and cross-cultural negotiations, buyer-seller transactions, and the resolution of disputes. Upon completion, students will be able to identify, describe, explain, and apply the components and characteristics of effective business negotiation and conflict resolution strategies and techniques. Prerequisite: BAC 201

BAC 338-Marketing Research (3)

Students will develop a managerial appreciation of the role of research in marketing practice and how results are used in decision-making. The course will emphasize the total research process as well as specific research steps, stressing information needs, research formulation and design, and research procedure. Students in the course will integrate and apply concepts through managerially-oriented marketing research cases and a field research project. Upon completion, students will develop, implement, and present a research project on a real-life, community based issue. Prerequisite: BAC 280

BAC 339-Consumer Behavior (3)

This course will provide a conceptual understanding of consumer behavior, provide experience in applying consumer behavior concepts to marketing strategy and social policy decision-making through case analysis, and develop experiential capability in using consumer research. This course covers major influences on the consumption process, including psychological, situational, and socio-cultural factors. Specific topics include perception, attitudes, values, consumer decision-making, and customer satisfaction, among others. The marketing implications of understanding the consumer are emphasized, but social factors are also considered. Upon completion, students will understand why consumers behave the way they do in purchasing situations and predict future behavior based on variations of the four Marketing P’s. Prerequisite: BAC 280

BAC 340-Effective Communication in Business (3)

This course provides direction in the fundamental forms and styles for common types of business reports, correspondence, and oral communication. Emphasis throughout the course is given to written, verbal, nonverbal, graphical, electronic, and perceptual differences within the business structure. Students study cultural differences and practice how to communicate effectively by using these differences positively to achieve predetermined business/professional objectives. Upon completion, students will be able to apply communication principles in diverse circumstances requiring competent communication skills from presenting to a group to establishing a social media presence. Students will also gain skills in researching, organizing, writing, and delivering reports, presentations, and specialized business documents. Prerequisites: ENG 101 and COM 101 (Cross-listed with ENG 340)

BAC 341-Intermediate Accounting I (3)

This course is the first in a two-course sequence that reinforces the study of generally accepted accounting principles in the preparation of financial statements for external use. Students develop an increased understanding of the issues involved in correctly valuing and disclosing financial information that is useful for decision-making. Upon completion, students will demonstrate both a theoretical understanding of and a practical foundation for the preparation of financial statements. Prerequisite: BAC 241

BAC 342-Intermediate Accounting II (3)

This course continues the two-course sequence that is begun in BAC 341. Students further develop their understanding of generally accepted accounting principles in the preparation of financial statements as advanced topics are studied. Upon completion, students will demonstrate an in-depth understanding of the foundation for the preparation financial statements. Prerequisite: BAC 341

BAC 346-Accounting Information Systems (3)

This course introduces and presents an overview of technology in business, particularly for accounting applications. It explores accounting information systems (AIS) within the framework of business processes, including controls, terminology, reporting, analysis, and trouble shooting. Upon completion, students will be able to define and create the parameters in setting up an AIS for a business enterprise to process and record business transactions which will allow them to generate and analyze financial information. Prerequisite: BAC 241 (Cross-listed with CIS 346)

BAC 351-Cost Accounting I (3)

This course is the first in a two-course sequence that is a study of cost accounting focusing on its role in external and internal reporting and the resulting decision making processes. Emphasis is placed on cost understanding, cost behavior, Activity Based Costing, assignment and allocation of costs, job order and process costing, and application of standard costs. Upon completion, students will be able to apply the principles of cost accounting in the allocation and assignment of costs both for external and internal reporting and they will understand how this information impacts decision making in an organization. Prerequisite: BAC 242

BAC 352-Cost Accounting II (3)

This course continues the two-course sequence that is begun in BAC 351 with the study of cost accounting focusing on its role in planning, controlling and decision making. Emphasis is placed on financial, operating and capital budgeting, relevant cost analysis, responsibility costing, transfer pricing, inventory management, and performance management. Upon completion, students will be able to develop a financial, operating and capital budget and apply various additional cost management techniques used in planning controlling and decision making by organizations. Prerequisite: BAC 351

BAC 357 –Topics in Business

BAC 375-Money and Banking (3)

A study of modern banking practices including central bank policy, macroeconomic influences on banking and international banking issues including exchange rates and banking structure. Prerequisites: BAC 120; and UDMA 111 or UDMA 112

BAC 406-Governmental and Nonprofit Accounting (3)

This course is a comprehensive introduction to the unique environment, concepts, and procedures of accounting, financial reporting, auditing, and budgeting of governmental and nonprofit organizations. Fund accounting will be introduced emphasizing general, special revenue, capital improvement, debt service, trust agency, enterprise, intragovernmental, and other fund concepts used by governmental and other nonprofit entities. Upon completion, students will be familiar with and have a working knowledge of governmental and nonprofit accounting and will be able to distinguish it from accounting for businesses. Prerequisite: BAC 342

BAC 408-Marketing Management (3)

This course is designed as a capstone course in marketing and provides an applications oriented study of the marketing function at a senior level. This course provides prospective marketing managers with marketing skills to develop strategic marketing plans to support organizations’ mission and values. Emphasis is placed on the principles, strategies, and planning for effective marketing management and performance. Social media and other strategies are employed in the development of these plans and approaches. Upon completion, students will demonstrate analysis and problem-solving techniques via application of marketing tools, principles, and theories in a case study approach. Prerequisite: Completion of a minimum of 9 credits of upper level marketing classes beyond BAC 280

BAC 409-Sales Management (3)

This course illustrates and enrichs business complexities awaiting graduates who pursue selling and relationship management. This course focuses on the strategic and tactical aspects of selling and sales force management. It is appropriate for students who are interested in careers in sales and sales management or who will work for companies whose revenues and profits depend upon a productive sales force. Upon completion, students will have a firm understanding of the selling process and will develop the knowledge and skills needed to be effective sales managers. Prerequisite: BAC 309

BAC 411-Social Media Marketing (3)

This course examines social media marketing strategies and best practices to promote organizational marketing objectives. Emphasis is placed on brand awareness, preference, and building customer loyalty. Students will examine developments and best practices in the social marketing field in light of their long-term potential, relevance to the target audience, and impact on marketing objectives. In addition, students will analyze an organization’s customer resource management opportunities by identifying, listening, and engaging in customers through various social networks. Upon completion, students will develop a social media marketing plan that promotes organizational objectives and creates further engagement with an organization’s stakeholders. Prerequisite: BAC 311

BAC 415-Health Care Economics (3)

This course examines why health care is so expensive and what, if anything, can be done about it. It examines such common explanations as moral hazard behavior, adverse selection and monopolistic pricing with asymmetric information. Throughout the class, we will ask if health care is different. Prerequisites: BAC 160; and UDMA 111 or UDMA 112

BAC 420-Organizational Behavior (3)
This course presents a systematic study of micro-level organizational behavior concepts. Emphasis is placed upon the theoretical and practical implications for understanding, analyzing, and predicting individual and group behavior. Upon completion, students will be able to show an understanding of organizational behavior concepts and theories, and demonstrate an ability to analyze and apply theoretical approaches to specific day-to-day organizational issues. Prerequisite: BAC 304 and BAC 324

BAC 421-Business Law (3)

This course is designed to help students explore the regulatory and legal issues of business. The course includes a study of legal principles governing business transactions as well as the study of administrative law and contracts. Upon completion, students will be able to analyze business transactions and apply critical thinking skills to solve business situations from a legal standpoint. Prerequisites: Junior standing or consent of the instructor

BAC 424-Labor Relations (3)

This course presents the principles of labor-management relations and basic requirements of federal labor laws. Emphasis is placed upon the topics of union representation rights and obligations, employee rights, organizing, election procedures, unfair labor practices, union avoidance techniques, collective bargaining negotiations, mediation impasses, grievances, and arbitration. Upon completion, students will demonstrate competency regarding the principles of labor relations applied in an organization from a legal and economic perspective. Prerequisite: BAC 304

BAC 430-Advanced Accounting (3)

This course is a study of advanced financial accounting topics. Emphasis is placed on accounting for equity investments, business combinations, consolidations and partnerships. Upon completions, students will be able to apply the principles necessary to account for investments in other corporations, prepare consolidated financial statements and properly account for partnerships. Prerequisite: BAC 342

BAC 441-Federal Taxation I (3)

This course provides a broad overview of federal income tax by introducing the basics of tax law and the types of taxpayers; especially focusing on individual taxpayers. Terminology, tax accounting, ethical issues, and professional standards are introduced and emphasized. Students are introduced to the format for the Regulation portion of the CPA exam. Upon completion, students will develop tax planning and tax research skills and will be able to calculate taxable income and deductions. Prerequisite: BAC 242

BAC 442-Federal Taxation II (3)

This course will build on the fundamental tax concepts learned from the Federal Taxation I course, apply these concepts to three business entity types (partnerships, C corporations, and S corporations) and to train students to research tax issues. Students will be introduced to methods and resources available for conducting applied professional tax research and to fundamental and complex issues of partnership, C corporation, and S corporation tax law. Upon completion, students will be able to clearly identify a tax issue, analyze it, understand the relevant tax theory involved, and develop a solution using secondary or primary tax authority through electronic and online resources. Students will also be able to complete and prepare tax returns for partnerships, C corporations, and S corporations. Prerequisite: BAC 441

BAC 446-Auditing (3)

This course examines the theory, procedures, and techniques of auditing. Topics include risk assessment, internal control testing, substantive testing, the nature of audit evidence, sampling, and auditing for fraud.  Upon completion, students will complete a comprehensive service-learning project consisting of the design and execution of a financial review for a non-profit entity. Prerequisite: BAC 342

BAC 475-Administrative Policy Seminar (3)

The capstone course for students majoring in Business, Marketing, Human Resource Management or Accounting which brings the application of business sub-disciplines – accounting, finance, economics, management, marketing, and global issues together. Emphasis is placed upon strategic decision and policy making in the context of a moral and ethical framework while working with other students in a competitive business environment simulating real world business conditions. Upon completion, students will be able to make objective ethical business decisions and assess the alternative actions of operating a business in a competitive environment. Students should take this course during their last semester of study. Prerequisites: Senior standing and Business, Marketing, Human Resource Management or Accounting major

BAC 485-Internship in Business (1-9)

Paid or volunteer work experience with a for-profit or non-profit organization conducted in conjunction with a faculty facilitator. Participation in the internship gives students the opportunity to apply theories learned in the classroom to the workplace. Upon completion, students will acquire a better understanding of the professional demands and requirements of a particular career field, while gaining confidence in making the transition from college to career. Prerequisite: 6th, 7th or 8th semester standing

BAC 491-Independent Project (1-6)

The purpose of this class is to allow the student and faculty member to create an independent business project. Topics for the project are expected to be determined in consultation between the student and the directing faculty member with final discretion residing with the faculty member. Students will be expected to apply the summation of their undergraduate business knowledge in meeting the objectives of the project. Upon completion, students will be able to propose an original business project, perform appropriate analysis and research and apply their results and business knowledge in achieving the objectives set forth in the business project. Prerequisite: 6th, 7th or 8th semester standing and approval by the Head of the Business & Accounting Department