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  Business & Accounting Course Descriptions
 
ACCOUNTING COURSES
AC 251 PRINCIPLES OF ACCOUNTING I     (3 hours)

The study of accounting as a means of communicating financial information about the activities of a sole proprietorship. Emphasis is placed on identifying, and the systematic recording, of relevant information; the concepts and principles underlying the measurement of income and financial position, the preparation and use of the Balance Sheet and the Statement of Income.
[Required Courses] [Fall/Spring]

AC 252 PRINCIPLES OF ACCOUNTING II      (3 hours)
Continuation of AC 251. The course studies the Accounting Concepts and Principles as applied to Partnerships and Corporations, the principles and techniques governing long-term liabilities and the preparation and use of the Statement of Cash Flows. The course also introduces basic concepts of Managerial Accounting and Cost Accounting. Prerequisite: AC 351.
[Required Courses] [Fall/Spring]

AC 341 INTERMEDIATE ACCOUNTING I      (3 hours)

Industry-specific valuation and measurement of financial position; results of operations and presentation. Prerequisites: AC 241/242.
(2004-05 is the final year for this course)
[Required Courses] [Fall/Spring]

AC 342 INTERMEDIATE ACCOUNTING II      (3 hours)
A continuation of Intermediate Accounting I.  Accounting for mergers and acquisitions; consolidated financial statements. Prerequisite: AC 341.
(2004-05 is the final year for this course)
[Required Courses] [Fall/Spring]

AC 345 TAXATION       (3 hours)
Theory, history, and objectives of federal income taxation. Principles and concepts of current tax laws as they pertain to business; investing transactions. Prerequisites: AC 241/242.
[Required Courses] [Fall/Spring]

AC 346 COST ACCOUNTING      (3 hours)
Study of cost determination and inventory valuation in manufacturing firms’ concerns and the processing, analysis and interpretation of cost data for use by management in the planning and control of operations. Prerequisite: AC 241/242.
[Required Courses] [Fall/Spring]

AC 347 ACCOUNTING SYSTEMS      (3 hours)
Development and design of accounting systems. Emphasis on procedures necessary to meet generally accepted auditing standards; methods and techniques to evaluate internal controls of an accounting system. Prerequisite: AC 346.
[Required Courses] [Fall/Spring]

AC 351 INTERMEDIATE ACCOUNTING     (3 hours)
A study of industry-specific Generally Accepted Accounting Principles and Financial Statements, as well as more advanced accounting issues, such as accounting for post-employment employee benefits, and for mergers and acquisitions. Prerequisite: AC 251 and 252.
[Required Courses] [Fall/Spring]
AC 352 PRINCIPLES OF MANGERIAL ACCOUNTING      (3 hours) 

The study of accounting information as a tool for decision making. Includes information available within the accounting system but not reflected in the traditional financial statements, as well as non-financial information that is relevant to decision making. The course also studies formats and information appropriate for decision making not used by Financial Accounting.  Prerequisite: AC 251 and AC 252.
[Required Courses] [Fall/Spring]

AC 400 SPECIAL TOPICS IN ACCOUNTING      (3 hours)
Course will focus on specific topics such as governmental accounting, accountability, advanced accounting, or other topics of student interest.  Prerequisites: AC 341/342 and consent of instructor.
[Required Courses] [Fall/Spring]

AC 445 AUDITING      (3 hours)
The essential processes of auditing, including specific procedures and techniques in the public and private sectors. Technical standards of these sectors receive attention with an emphasis on ethics and financial auditing.  Prerequisite: AC 347.
[Required Courses] [Fall/Spring]

AC 446 ADVANCED ACCOUNTING     (3 hours)
Accounting methods and procedures related to branches, business combinations, foreign exchange, and governmental and nonprofit accounting.  Prerequisite: AC 341/342.
[Required Courses] [Fall/Spring]

 
ECONOMICS COURSES

ECMGT 220

PRINCIPLES OF MICROECONOMICS      (SS)   (3 hours)
The functioning of the market economy in relation to demand, supply, and prices; the revenue and cost structure of the firm in view of its market structure; the product market and the factorial distribution on income; discussion of current economic problems.  Open to freshmen.
[Required Courses] [Fall/Spring]

EC 331 MONEY AND FINANCIAL INSTITUTIONS    (SS)   (3 hours)
The role of money and financial markets in the economy. Details the structure and management of key institutions (banks, savings and loans, insurance companies) on these markets. Prerequisite: EC 232/233.
[Required Courses] [Fall/Spring]

EC 335 INTERNATIONAL POLITICAL ECONOMY     (3 hours)
Examines the historical formation and current functioning of the international economy, emphasizing in particular the United States’ growing involvement in the world economy.
[Required Courses] [Fall/Spring]

EC 340 LABOR ECONOMICS   (SS)   (3 hours)
An examination of the theories of wage discrimination and the economic and business effects of wage determination upon the wage structure, the distribution of national income, and employment. Prerequisite: EC 232/233.
[Required Courses] [Fall/Spring]

EC 400 SPECIAL TOPICS IN ECONOMICS       (3 hours)
 

[Required Courses] [Fall/Spring]

EC 432 INTERMEDIATE MICROECONOMIC THEORY     (SS)   (3 hours)
Advanced study of microeconomics.  Particularly relevant for students anticipating graduate studies in business or economics.  Prerequisites: EC 232/233.
[Required Courses] [Fall/Spring]

ECHI 437 UNITED STATES ECONOMIC & SOCIAL HISTORY    (HI-US; SS)    (3 hours)
A study of the United States as an economic power. Changes in economic structures, the rise of labor unions and the role of the working person in the story of the American nation. Prerequisite: HI 234 or instructor consent.
[Required Courses] [Fall/Spring]

  
FINANCE COURSES
FIN 362 PRINCIPLES OF FINANCE       (3 hours)
An introduction to the management of the finance function. Topics include financial forecasting, financial planning and control, working capital management, capital budgeting, and long-term financial decisions. Prerequisites: EC 232/233 and AC 241/242 or AC 251/252.
[Required Courses] [Fall/Spring]

FIN 400 SPECIAL TOPICS IN FINANCE       (3 hours)

[Required Courses]
[Fall/Spring]

  
MANAGEMENT COURSES
MGT 133 UNDERSTANDING BUSINESS       (3 hours)
A broad overview of business firms. The cultural, institutional, and legal prerequisites for a functioning business economy. Analysis of the performance of firms over their life cycles. Instructor permission required for students who have taken more than 6 hours in the Business Department.
[Required Courses] [Fall/Spring]

MGT 320 PRINCIPLES OF LEADERSHIP      (3 hours)
This course examines the student's knowledge of his or her own primary leadership style, power bases and key principles that will help them further develop their own leadership skills.  Through readings, case studies, group discussions, film, and videos the course will help the student identify and analyze the characteristics of effective leadership and compare those characteristics with current and historical leaders. Prerequisite: MGT 231.
[Required Courses] [Fall/Spring]
MGT 231 PRINCIPLES OF MANAGEMENT       (3 hours)
Study of the objectives and functions of an organization. Emphasis is on the management functions of planning, organizing, motivating, and controlling. Prerequisite: None
[Required Courses] [Fall/Spring]

MGT 332 LEGAL AND ETHICAL ASPECTS OF BUSINESS       (3 hours)
An overview of legal institutions, markets, and sources, ethical issues that face the modern business. Specific treatment of areas of law of greatest concern to business firms. Review of ethical cases in business and the institutions that monitor ethical behavior
[Required Courses] [Fall/Spring]

MGT 334 BUSINESS ENTREPRENEURSHIP AND E-BUSINESS       (3 hours)
The problems, opportunities, and methods of beginning a new business or new type of business.  Examines the special needs of entrepreneurs regarding forecasting and planning, venture capital, trade finance, marketing, staffing, budgeting and cost control, and operations.  Examines the use and application of the Internet and electronic business tools.   Prerequisites: AC 241/242 or AC 251/252; FIN 362; MGT 231; MKT 231. 
[Required Courses] [Fall/Spring]

MGT 335 INTERNATIONAL BUSINESS       (3 hours)
Focuses on the unique and additional knowledge required for effective management when the firm operates in more than one country. Prerequisite: MGT 331 (may be taken concurrently).
[Required Courses] [Fall/Spring]

MGT 410 HUMAN RESOURCES
Study of human behavior in the organizational setting.  Includes conflict resolution, persuasion, power relationships, managerial roles and interventions, and self evaluation of student leadership and management style.  Resource management topics include recruitment, training, wage and salary administration, benefits, termination and labor relations.  Prerequisite:  MGT 231.
[Required Courses] [Fall/Spring]

MGT 420 ORGANIZATIONAL BEHAVIOR
Study of human behavior in the organizational setting.  Includes conflict resolution, persuasion, power relationships, managerial roles and interventions, and self evaluation of student leadership and management style.  Resource management topics include recruitment, training, wage and salary administration, benefits, termination and labor relations.  Prerequisite:  MGT 231.
[Required Courses] [Fall/Spring]

PY 465

Industrial and Organizational Psychology   

   
MGT 434 INTERNSHIP      (1-3 hours)
MGT 490 PRODUCTION AND OPERATIONS MANAGEMENT       (3 hours)
Focuses on the management of those activities providing the firm's goods and services. Topics include demand estimation, material and inventory planning, production scheduling and control, quality management, and facility location and layout. Prerequisites: AC 241/242 AC251/252, EC 232, EC 233, MGT 231, MA 210, and MA 230
[Required Courses] [Fall/Spring]

MGT 550 BUSINESS POLICY AND ETHICS      (SIE)    (3 hours)
Focus on strategy emulation and policy administration. The capstone course in the business administration curriculum incorporating learning outcomes from prior required courses. Ethics is a focus in all decision situations. Requires a paper relating the entire student experience to his/her business education. Fulfills Senior Integrative Experience requirement for majors in Business and Accounting. Prerequisites: senior standing, completion of remainder of business core or instructor permission
[Required Courses] [Fall/Spring]

Developed jointly by a student, a faculty member, and an appropriate business organization. A student must work in the business or organization for a significant period to acquire a meaningful experience. A paper documenting the experience is required. Prerequisite: consent of instructor.
[Required Courses] [Fall/Spring]

MARKETING COURSES
MKT 231 PRINCIPLES OF MARKETING       (3 hours)
Basic marketing course defining marketing and its place in society; the marketing concept; and the components of the marketing mix--product, price, place, and promotion. Prerequisites: None
[Required Courses] [Fall/Spring]

MKT 332 RETAIL MANAGEMENT      (3 hours)
Study of retailing from a strategic perspective, concentrating on planning, implementing, and controlling the retail variable of location, human resources, inventory, service to the customer, pricing, and the specific strategic objectives for accomplishing these objectives. Prerequisite: MKT 331 (may be taken concurrently).
[Required Courses] [Fall/Spring]

MKT 433 STRATEGIC SELLING      (3 hours)
Study of win-win sales techniques and how these techniques are used in areas outside of selling, e.g. job search. Prerequisite: MKT 331 (may be taken concurrently).
[Required Courses] [Fall/Spring]

MKT 335 ADVERTISING AND DESIGN       (4 hours)

This course will be taught by the faculty of the business department and art program. The content of this course will include the study of advertising as a process; the structure of the advertising industry; agency/client relationships; message development and strategy; internet advertising; advertising planning; media strategy and planning; the creative process; copy writing; art direction and production; fundamentals of visual communication and layout design; and will include the development of a basic print advertisement by each student. The course will be taught both lecture and hands on application of knowledge in the design studio. Prerequisite: MKT 231 Principles of Marketing or permission of the instructor
[Required Courses] [Fall/Spring]

MKT 400 SPECIAL TOPICS IN MARKETING      (3 hours)
[Required Courses] [Fall/Spring]

MKT 431 MARKETING RESEARCH      (3 hours)
Application of scientific research techniques and statistical analysis of information (data) relative to sound marketing management decision-making. Prerequisites: EC 232, EC 233, AC 241/242 or AC 251/252,  MKT 231, MA 230 and MKT 339.  
[Required Courses] [Fall/Spring]

MKT 433 STRAGETIC PROMOTION AND SALES      (3 hours)
 

In depth study of the strategic elements of promotion and sales. Topics will include customer relationship management, direct marketing, public relations, sales promotion, and integrated brand promotion. Prerequisites: MKT 231 and MKT 339

MKT 339 CONSUMER BEHAVIOR     (3 hours)
Considers the consumer's decision process as well as the effects of both internal and external factors upon consumer purchasing behavior.  The course emphasizes the application of consumer behavior theory to the development of viable marketing strategies.  Prerequisite:  MKT 231  (maybe taken concurrently).
[Required Courses] [Fall/Spring]
MA 210
COLLEGE ALGEBRA      (MA)   (3 hours)

This course will cover the basic topics of college algebra, including: linear and quadratic equations;  graphing techniques; functions; exponential and logarithm functions; zeros of polynomial functions; rational functions; systems of equations; determinants; and basic trigonometry.  Using real-world applications and models, the course will focus on mathematics as an integral part of nature, science, business, and society, and as a descriptive problem-solving tool. Graphing calculator required. Prerequisite: MA 115 and/or a minimum score of 52 on the Algebra portion of COMPASS.
[Required Courses] [Fall/Spring]

MA 230 INTRODUCTORY STATISTICS    (MA)   (3 hours)
Measures of central tendency, measures of dispersion, probability, binomial and normal distribution, hypothesis testing, confidence intervals, correlation, regression, and Chi-Square test.  Prerequisite: MA 115 and/or minimum score of  41 on Algebra portion of  COMPASS.
[Required Courses] [Fall/Spring

IT120 MANAGEMENT INFORMATION SYSTEMS    (3 hours)
An introduction to the broad concepts of information systems, the MicrosoftÓ Office Suite, and desktop computers in general, through lectures, independent study and practical exercises.  The students participate in practical application exercises and individual presentations.
[Required Courses] [Fall/Spring]

IT 320 ADVANCED MANAGEMENTS INFORMATION SYSTEMS     (3 hours)
An examination of how information systems are used in the corporate world to enhance and achieve goals and objectives.  The emphasis is on how managers use different MIS methodologies in a variety of situations.  Functional business areas such as Accounting and Financial Information Systems, Operational Marketing Information Systems, Operational Production Systems, and Operational Human Resources Information Systems are used to enhance the learning process.  Prerequisite:  IT 120.
[Required Courses] [Fall/Spring]

AR 366 COMPUTER GRAPHICS      (3 hours)
An introduction to the use of the computer as an art tool. Students will use several software programs to create illustrations, page layouts, and photo-manipulations. An emphasis will be placed on using design principles. Interested students are encouraged to take AR 111 or AR 153 before this course.
[Required Courses] [Fall/Spring]
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USM business faculty are professionals with more than 100 years of combined real-life business experience. They’ll put their experience to work for you.
“The faculty cares about your success. We provide you with a blend of theory and practice.”
Dr. Ron Logan
Business Administration

 
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