Bulletin 2007-2008 - Austin College

ECONOMICS AND BUSINESS ADMINISTRATIONcourses in business administrationor economics, one of which must benumbered 300 or above.Economics 111 and Business Administration261 are prerequisites for allother courses in business administration.A major also is required to takeMathematics 151 and either SocialScience 120 or Mathematics 120. It isstrongly recommended that studentsfulfill these quantitative requirements,as well as Economics 301, before takingBusiness Administration 361 orbeginning the junior year, whichevercomes first. Those students planningto enter an MBA program are stronglyencouraged to take Economics 302 andBusiness Administration 262.250 Topics in Economicsand Business(see Economics 250)251 Business LawA study of contracts, negotiable instruments,agency, employment, and property. (Each spring)260 Intermediate Directed Study(Variable course credit)261 Financial AccountingA study of the fundamental concepts of financialaccounting, including the measurement,recording, and reporting of financial information.Topics include income measurement,operating cycle, and preparation of financialstatements. Prerequisite: Economics 111. (Eachfall and spring)262 Managerial AccountingMeasures, techniques, and approaches usedby organizational decision makers. Accountingand economic concepts of cost are studiedin relation to performance measurementand to both long-term and short-term planningand decision making. The analysis of costdata, budgetary controls, and cost-volumeprofitrelationships are also covered. Prerequisite:Business Administration 261. (Each falland spring)350 Advanced Topics inEconomics and Business(see Economics 350)352 Organizational Communication(see Speech 352)355 MarketingA broad overview of marketing from a managerialperspective emphasizing marketing strategies,market segmentation, and the marketing mix;includes a critical examination of the meaningof the marketing concept within the currentsocial and cultural environment. (Each year)361 FinanceManagerial finance using basic accounting andalgebraic techniques. Topics cover financial decisionmaking including bond and stock valuation,capital budgeting, and capital structure.Prerequisite: Social Science 120 or Mathematics120 or permission of instructor. Additionally,Business Administration 262 and Economics301 encouraged. (Each fall and spring)363 Intermediate Accounting IProvides in-depth analysis of traditional financialaccounting topics as well as recent developmentsin valuation and financial reportingrequirements, provides an understanding of thedevelopment of accounting policy and financialaccounting standards in interaction with thesurrounding culture; specific topics include standardsetting, the conceptual framework, formalfinancial statements, the revenue/accountsreceivable/cash cycle, revenue recognition, andvaluation and reporting of liabilities and equity.Prerequisite: Business Administration 261.(Spring 2008)364 Intermediate Accounting IIPresents issues related to the measurement andreporting of assets and specialized problemsof financial reporting such as leases, incometaxes, employee compensation, earnings pershare, etc., and covers basic financial analysis.Course is a continuation of Business Administration363 but is structured so that it may betaken independently with instructor approval.Prerequisite: Business Administration 261. (Offeredon an occasional basis)365 Decision and Conflict Analysis(see Economics 365)366 Tax AccountingIntroduction to the federal tax laws, the historyof the federal income tax, determination offederal income tax base, application of taxrates, and the economic and social implicationsof taxation. Prerequisite: Business Administration261. (Each fall)100 |COURSES OF INSTRUCTION