catalog - Prairie State College

DEGREES,CERTIFICATES,COURSESDEGREES, CERTIFICATES, COURSESCOURSE DESCRIPTIONSBUS 129PRINCIPLES OF PHYSICAL DISTRIBUTIONPrerequisite: None3 lectures per week: 3 hrs creditThis course describes the movement of goods from production todelivery to distribution channel intermediaries.Attention is focusedupon distribution channels, traffic management, warehousing, inventories,organization, control and communication. Distributiondesign and distribution system analysis are emphasized.BUS 131 (IAI: BUS 903)FINANCIAL ACCOUNTINGPrerequisite: COMPASS placement into ENG 099 or higher4 lectures per week: 4 hrs creditThis is an introduction to financial accounting and the communicationof relevant information to external parties. It includesthe development of the accounting model, internal control,measurement processes, data classification and terminology.Interpretation and use of the resultant financial statements areemphasized. Sole proprietorships, corporations, service businessesand merchandisers are covered. The additional featureof this course is the inclusion of computer applications.BUS 132 (IAI: BUS 904)MANAGERIAL ACCOUNTINGPrerequisite: BUS 1313 lectures per week: 3 hrs creditThis is an introduction to managerial accounting emphasizinginformation required for internal decision making.The fundamentalsof product costing, cost/volume/profit analysis, absorptioncosting, variable costing, budgeting, standard costs, varianceanalysis, cost control, responsibility accounting, short-run decisionanalyses, capital budgeting, activity-based costing, just-intimeconcepts and quality management are included.BUS 136INVENTORY CONTROLPrerequisite: None3 lectures per week: 3 hrs creditThis course is an overview of the dynamics of managing inventoryin the constantly changing industrial and commercial environment.Topicsinclude forecasting sales and inventory requirements,computer applications to inventory control problems,building inventory models, simulation, and the relationships ofinventory control to marketing management and productioncontrol.BUS 137ACCOUNTING–MICROCOMPUTER APPLICATIONSPrerequisite: BUS 107 or 131 or equivalent3 lectures per week: 3 hrs creditThis course is for students who have completed one semesterof accounting and wish to learn how computerized accountingsystems function through a hands-on approach.The integratedskills approach is based upon commercial software packages.Students will complete the following modules: general ledger,accounts receivable, accounts payable, job cost and system.2004-2006 CATALOGBUS 138ACCOUNTING SOFTWARE IPrerequisite: BUS 107 or BUS 1311.5 lecture hrs per week: 1.5 hrs creditThis is an introductory course in the use of commercial microcomputeraccounting software applications. General ledger,financial statements, customer, vendor, payroll and inventoryapplications are included. Students intending to transfer creditshould take BUS 137.BUS 139ACCOUNTING SOFTWARE IIPrerequisite: BUS 107 or 1311.5 lecture hrs per week: 1.5 hrs creditThis course continues the study of commercial microcomputeraccounting software applications. General ledger, financialstatements, customer, vendor, payroll and inventory applicationsare included. Students intending to transfer credit shouldtake BUS 137.BUS 140INTERNATIONAL BUSINESSPrerequisite: BUS 1013 lectures per week: 3 hrs creditThis course provides an understanding of the concepts, principlesand practices of the international business environment.Included are a study of the nature of international business; differencesbetween conducting business in the United States andin other countries; international organizations; functional managementand monetary systems; foreign forces such as economic,labor, cultural, political and competitive; and the impact of aforeign country’s economy and business practices on U.S. economyand business.BUS 157FINANCE AND CREDIT OPERATIONSPrerequisite: None3 lectures per week: 3 hrs creditThe operations of financial institutions including banks, creditunions and savings and loans are covered. Described are theoperations of the financial community: mortgage houses, financialfirms and credit agencies.The course gives insight into theoperations and the role they play in our economic life.BUS 165PERSONAL ASSET MANAGEMENTPrerequisite: None4 lectures per week: 4 hrs creditThis course is a study of investment vehicles and the securitiesmarket.The content includes a study of stocks, bonds, moneymarket instruments, mutual funds and real estate; what they areused for and how; why and when they should be traded; whoshould invest in them; how interest rates affect them; investmentstrategies; and how a portfolio should be managed.Thecourse also informs students of their financial responsibilities,helps them to develop strategies for managing their debt andexplores skills for the wise use of credit.114