The following course descriptions are from the Clarke University 2012-2013 Academic Catalog.
COURSE DESCRIPTIONS: ACCOUNTING
BUAC 225 PRINCIPLES OF FINANCIAL ACCOUNTING 3 hours
Introduction to analysis, recording and classification of financial data of a business enterprise; construction and interpretation of simple financial statements. Prerequisites: MATH 090 or MATH 117.
BUAC 226 PRINCIPLES OF MANAGERIAL ACCOUNTING 3 hours
A continuation of Principles of Financial Accounting, with emphasis on partnerships, corporations, departmental and manufacturing accounting and budgeting. Prerequisite: BUAC 225.
BUAC 331 INTERMEDIATE ACCOUNTING I 3 hours
An in-depth study of financial accounting issues including financial statement presentation and application of generally accepted accounting principles to receivables, inventories, fixed assets, depreciation and liabilities. Prerequisite: BUAC 226.
BUAC 332 INTERMEDIATE ACCOUNTING II 3 hours
A continuation of Intermediate Accounting I with an in-depth analysis of stockholders’ equity, dilutive securities, earnings per share, income taxes, pensions and post-retirement benefits, leases and statement of cash flows. Prerequisite: BUAC 331.
BUAC 343 COST ACCOUNTING 3 hours
Principles, procedures and practices of job order, process and standard cost systems. Also includes additional topics related to managerial uses of cost accounting information. Prerequisites: BUAC 226.
BUAC 348 PERSONAL INCOME TAX 3 hours
An in-depth study of personal income taxation with an introduction of taxation issues related to C-corporations, S-corporations, partnerships, and estate and gift taxation. Prerequisite: BUAC 226.
BUAC 349 CORPORATE INCOME TAX 3 hours
An in-depth study of entity taxation, including partnership, C-corporation and S-corporation income taxation. Estate and gift transfer rules are also covered in detail. Prerequisite: BUAC 226.
BUAC 350 ACCOUNTING INFORMATION SYSTEMS 3 hours
Analysis of computer-based accounting information systems including flowcharting of business processes and study of internal controls; involves significant manual and computerized practice cases. Prerequisite: BUAC 225, BUAC 226, CIS 201.
BUAC 356 ACCOUNTING FOR GOVERNMENTAL AND NOT-FOR-PROFIT 3 hours
Budgetary procedures and systems of accounts for various governmental funds and not-for-profit entities are examined. Prerequisite: BUAC 226 or consent.
BUAC 395 INTERNSHIP 1-6 hours
BUAC 446 AUDITING 3 hours
Auditing theory and practice developed through the study of text material, questions and problems. Emphasis placed on the study of internal control, audit standards, audit objectives and the preparation of reports. Prerequisite: BUAC 332 or consent.
BUAC 455 ADVANCED ACCOUNTING 3 hours
Accounting problems dealing with fiduciary relationships. Examination of partnership accounting, intercompany relationships in relation to consolidation theory, techniques and reporting are examined. Prerequisite: BUAC 332 or consent.
Course Descriptions: Economics
BUEC 120 PRINCIPLES OF ECONOMICS 3 hours
A one-semester course that provides an introduction to both microeconomics and macroeconomics. This course is designated as social sciences division general education course.
BUEC 121 MICROECONOMIC PRINCIPLES 3 hours
An analysis of markets and their role in resource allocation. Theory of markets, international trade, production and costs, market structure, input markets and government regulation.
BUEC 122 MACROECONOMIC PRINCIPLES 3 hours
An analysis of the economy in its entirety. Gross domestic product and national accounting, economic growth, money and the Federal Reserve, inflation, foreign exchange markets, business cycles and macroeconomic policy.
BUEC 300 MONEY AND BANKING 3 hours
A study of money in the economy. Topics include monetary systems, financial markets, foreign exchange markets, the monetary role of commercial banks, the Federal Reserve and monetary policy, and inflation. Prerequisite: BUEC 121 and BUEC 122.
Course Descriptions: Finance
BUFN 120 PERSONAL FINANCE 3 hours
An introductory course in personal finance that discusses issues such as investments, budgeting, borrowing money, credit card rules, basic income taxation, retirement planning, life and property insurance and bankruptcy.
BUFN 310 FINANCE I 3 hours
An emphasis on the financial concepts and tools that are relevant in business. Topics include financial statement analysis, the time value of money, investment instruments, stock and bond valuation models, portfolio theory, the cost of capital, capital budgeting and risk analysis. Prerequisites: BUMG 112, BUAC 225, MATH 220, BUEC 121 or consent.
BUFN 311 FINANCE II 3 hours
An extension of BUFN 310. Topics include capital budgeting, risk analysis, current asset management, financial planning, international finance, capital structure, issuing securities and dividend theory. Prerequisite: BUFN 310.
BUFN 412 INVESTMENTS & PORTFOLIO MANAGEMENT 3 hours
Examination of the key concepts of investment analysis and portfolio management. Topics include investment alternatives, security analysis and evaluation, portfolio selection and portfolio management. Prerequisite: BUFN 310.
BUFN 415 INTERNATIONAL FINANCE 3 hours
Examination of the adaptation of financial principles to the world financial community. Topics include foreign exchange rates, markets, risks, international sources of funds, asset and liability management, international financial structure and cost of capital. Prerequisite: BUFN 310.
Course Descriptions: Business Administration/Management
BUMG 112 PRINCIPLES OF MANAGEMENT 3 hours
The course is an introduction to the theory of management of organizations. The course focuses on the management functions of objective setting, planning, organizing, staffing and controlling. Also includes the skills required of managers and the history of management theory.
BUMG 205 BUSINESS LAW I 3 hours
An in-depth study of legal issues related to business. Topics include contracts, negligence and torts, property law, business entity formation and operation and employment law. Court systems and their jurisdiction, constitutional issues and legislative process are also reviewed. Prerequisite: BUMG 112 or consent.
BUMG 206 BUSINESS LAW II 3 hours
Current topical business law issues are studied along with a more in-depth study of areas covered in Business Law I. Additional topics include the legal and professional responsibility of accountants, antitrust laws and environmental regulation. Prerequisite: BUMG 112 or consent.
BUMG 250 BUSINESS COMMUNICATIONS 3 hours
An overview of communication skills needed in the modern work place. Course objectives are to provide future or practicing managers with an introduction to and a review of basic communication processes, and to help them develop and/or improve written and oral communication skills.
BUMG 295 INTERNSHIP 1-6 hours
BUMG 302 LABOR MANAGEMENT RELATIONS 3 hours
Theoretical and practical introduction to the U.S. labor movement. A historical review of the development of unionization, the structure of labor unions, collective bargaining, grievance management and labor legislation will be discussed. Spreadsheet skills will be used in costing wages and benefits. Management and labor groups will negotiate a labor contract. Prerequisite: BUMG 112 or consent.
BUMG 320 ORGANIZATIONAL BEHAVIOR 3 hours
Focused on people-centered behavioral issues prevalent within an organizational setting. Processes occurring within individual, group and organizational processes are discussed. Specific topics include motivation, leadership, equity, group/teamwork and communication. Prerequisite: BUMG 112.
BUMG 344 OPERATIONS MANAGEMENT 3 hours
An overview of the modern operations and production function within a firm. Topics include decision making, reliability, project management, job-shop scheduling, inventory theory and quality control. Prerequisite: BUMG 112, MATH 220 and BUEC 121.
BUMG 354 HUMAN RESOURCE MANAGEMENT 3 hours
An overview of the roles, functions and processes of human resources in for-profit and not-for-profit organizations. Emphasis is placed on improving the knowledge and skills of future or practicing managers. Prerequisite: BUMG 112.
BUMG 380 SPECIAL TOPICS 3 hours
Selected topics offered for elective credit. Topics capitalize on the expertise of selected faculty members and are offered when student interest warrants.
BUMG 395 INTERNSHIP 1-6 hours
BUMG 480 SPECIAL TOPICS 3 hours
Selected topics offered for elective credit to seniors. Topics capitalize on the expertise of selected faculty members and are offered when student interest warrants.
BUMG 495 INTERNSHIP 1-6 hours
BUMG 499 CAPSTONE: STRATEGY AND POLICY 3 hours
This course provides a focal point and closure of a liberal arts education within the context of a business major. As a departmental offering, this course focuses on previous business knowledge and course work to introduce students to real-world problems dealing with strategic management issues in all types of organizational policy formulation. Breadth and integration of knowledge, synthesis and research are emphasized. General education and major outcomes are integral to course assessment. Prerequisites: Ordinarily, a student must have senior standing with a minimum of 42 credit hours in general education and the business core completed.
Course Descriptions: Marketing
BUMK 220 PRINCIPLES OF MARKETING 3 hours
Survey of the activities employed by producers and sellers of goods and services to determine and satisfy the wants and needs of customers. Topics include the basic elements of a marketing program (product design, promotion, pricing, and distribution) and the effects of the external environment (competition, the economy, legislation and social responsibility) on marketing decisions. Prerequisites: BUMG 112 and BUEC 121 or instructor consent.
BUMK 321 SALES MANAGEMENT 3 hours
Focuses on the economic and social importance of selling. Topics include recruiting, selecting and training of personnel. Special attention is given to supervisory techniques, problems and solutions. Prerequisite: BUMK 220
BUMK 323 CONSUMER BEHAVIOR 3 hours
A study of how individuals make decisions regarding product/service choices. Theoretical concepts are drawn from psychology, sociology, anthropology and economics. Practical applications include product testing, advertising analysis and in-class exercises demonstrating key concepts. Prerequisite: BUMK 220.
BUMK 326 MARKETING MANAGEMENT 3 hours
Examination of the marketing tools and techniques used in managing all aspects of the marketing operation. The focus is on case studies and applying concepts in practice. Students are expected to become familiar with current marketing theory and trends. Prerequisites: BUMK 220 and junior standing.
BUMK 327 INTERNATIONAL MARKETING 3 hours
Examination of the opportunities and problems associated with worldwide product/service marketing. Topics include the political, legal, historical, geographical and cultural environment, and the adaptations necessary to be a successful marketer. Prerequisite: BUMK 220.