courses of instruction - Lafayette College

dent variable models. The coursework in
cludes extensive use of statistical software
packages and large data sets. Prerequi
sites: E&B 211, 212 (one of the preceding
two can be taken concurrently); Mathe
matics 176 or 186. Offered every semes
ter. Ms. Averett, Mr. Bruggink
218. Financial Accounting. An introduc
tion to the basic concepts and standards
underlying the measurement and report
ing of the financial effects of economic
events on the business entity. Emphasis is
given to the theory of asset valuation and
income determination and its implications
for the communication function of ac
counting. Students are required to attend
a weekly one-hour lab in which they learn
spreadsheet techniques and their applica
tions to financial accounting. Offered ev
ery semester. Ms. Handy
219. Financial Theory and Analysis
(Business elective). This course is de
signed to take the principles of accounting
and apply them to the world of finance.
The emphasis in the course is on the theo
ry that underlies corporate accountability
for financial reporting. Selected reporting
and disclosure issues, such as financial
statement presentations, earnings per
share (EPS), debt, equity and investments
of excess funds for strategic financial
management, as well as cash flow analy
sis, are incorporated. Excel spreadsheets
are used extensively throughout the
course. Pre-requisite: E&B 218. Offered
every semester. Ms. Bukics
302. Managerial/Cost Accounting (Busi
ness elective). An analysis and interpreta
tion of managerial and cost accounting
data to aid management in planning and
controlling business activities. Emphasis
is on basic concepts of costing, cost mea
surement, variances, managerial account
ing environment, and managerial perfor
mance reporting. Prerequisite: E&B 219.
Ms. Bukics, Staff
303. Income Tax Topics (Business elec
tive). This course introduces students to
the concepts and intricacies of federal in
ECONOMICS AND BUSINESS
come tax policies. In addition, students
explore the impact of taxation on the daily
operations of a business. Proprietorship,
partnership, and corporate tax policies are
examined. Prerequisite: E&B 219. Staff
304. Auditing (Business elective).
This course is designed for upper-level
accounting students and focuses on
understanding the standard audit process.
It involves the use of case studies, group
work assignments, computer spread
sheets, and several written papers requir
ing analysis of current auditing topics.
Prerequisite: E&B 219. Ms. Bukics
320. Corporate Finance (Business elec
tive). Analysis and practical application
of corporate financial data as it relates to
managerial decision making. Particular
emphasis is placed on the corporate in
vestment and financing decision, risk
management, and the dividend decision.
Prerequisites: Economics and Business
101, 211, 213, 218 and 219, or permission
of instructor. E&B 213 may be taken
concurrently. Offered every semester.
Mr. Chambers, Mr. Shively
321. Investments (Business elective).
Fundamental analysis of common stock
and fixed-income securities, an investiga
tion of the various security markets, port
folio practices of investing institutions,
overall appraisal of stock market activity
with emphasis on the individual investor.
Prerequisite: E&B 320. Mr. Chambers,
Mr. Shively
322. Financial Markets (Business elec
tive). This course is an introduction to
Flow of Funds analysis and interest rate
determination in the money and capital
markets, the structure of interest rates, ef
ficient market hypothesis, and major fi
nancial institutions in the United States.
Prerequisites: E&B 101, 211, 212, or permis
sion of instructor. Mr. Seifried
323. Money, Financial Intermediation,
and the Economy (Economics elective).
A theoretical analysis of the role of money
in determining the level of economic ac-
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