Accounting Concentration

Accountants perform an essential role in business. They involve in the collection, organization, and presentation of financial information for effective decision-making. Accounting services often include independent auditing, tax advice and tax return preparation, financial and management consulting, and entrepreneurial services. As members of a diversified profession which is growing rapidly, accountants are more in demand than ever before in private industry, federal and state governmental agencies, certified public accounting firms, and education. Accountants are needed for work in areas such as audit, budget analysis, finance, and management.

As an accounting student at CBIS, you will develop skills in managerial accounting, budgeting, accounting systems, internal controls, financial analysis, financial reporting, internal and external auditing, taxation, and international accounting. The major prepares students for a range of accounting careers in profit, not-for-profit, and government organizations. For those looking to acquire the essential knowledge and practical skills needed to build a career as an accounting professional, or supplement existing experience through advanced study, our accounting program offers streamlined curricula and a high-quality, practice-oriented educational experience.

OBJECTIVES OF THE UNDERGRADUATE PROGRAM IN ACCOUNTING:

The student who graduates with a major in accounting should be able to

• demonstrate their knowledge of the fundamental and technical concepts of accounting.
• demonstrate critical-thinking and problem-solving skills.
• demonstrate skills in oral and written communications.
• demonstrate an awareness of their role in the global environment.
• demonstrate an awareness of their own values.
• demonstrate a sense of responsibility and a capacity for service.
• demonstrate the ability to recognize when change is appropriate, to adapt to change as it occurs, and to take the lead in creating change
• demonstrate an understanding of their personal interests, abilities, strengths, and weaknesses as they pertain to professional career fields.
• demonstrate a basic understanding of career options available to them and will establish career objectives.
• demonstrate an understanding of their personal interests, abilities, strengths, and weaknesses as they pertain to professional career fields.
• demonstrate a basic understanding of career options available to them and will establish career objectives.

COURSES FOR UNDERGRADUATE STUDENTS IN ACCOUNTING

BUSN 0301. PRINCIPLES OF FINANCE. Lect 3, 3 credits. This is an introductory course in corporate finance which aims to familiarize the students with the key concepts in the financial management including time value of money, risk and return, financial statement analysis, and asset valuation models. The central theme of the course is how to maximize the value of the firm. Prerequisite: Accounting 211, Economics 202.

BUSN 0302. INTERMEDIATE FINANCIAL MANAGEMENT. Lect. 3, 3 credits. This is the second course in corporate finance. The main topics to be covered in this course include working capital management, capital budgeting, capital structure and leverage, dividend policy, and mergers and acquisitions. Mini-cases and spreadsheets are used to help students to learn the financial decision-making process. Prerequisite: Finance 301; Junior standing.

BUSN 0311. MARKETING. 1st Semester. Lect. 3, 3 credits. A comprehensive survey of the marketing system. The course is designed to meet the needs of students who will be taking only the basic course in marketing as well as those specializing in marketing. The dominant theme throughout the course is that marketing is an important sub-system of the business organization. Marketing is mainly concerned with the matching of markets and products and effective ownership transfer. Thus, students will be exposed to those business activities involved in moving goods and services from manufacturing and other producers to final consumers and users. Prerequisite: ECON 0201, 0202.

BUSN 0331. PRINCIPLES OF MANAGEMENT. 1st Semester. Lect. 3, 3 credits. Although the techniques each manager uses are different, all managers perform the same basic functions in their jobs. This course examines these functions from the point of view of general principles which comprise management theory. The concepts of authority, responsibility and organizational objectives are emphasized. Both profit-seeking and non-business enterprises are discussed.

BUSN 0342. ORGANIZATIONAL BEHAVIOR. 2nd Semester. Lect. 3, 3 credits. This course treats management theory from a behavioral point of view. Motivation, perception and intra personal conflicts of organizational personnel are examined in the concept of management effectiveness. Leadership and small group processes are considered through a behavior approach. Prerequisite: BUSN 0331.

BUSN 0351. MANAGEMENT INFORMATION SYSTEMS. 2nd Semester and Summer. Lect. 3, 3 credits. The student will develop an appreciation of how data processing may better aid in performing tasks as a general manager. Teaching methods will involve some actual programming experience and case studies on the actual usage of the computer to aid in management decision-making process. Emphasis will be on what the machine can do to assist in the decision-making process, rather than to develop a proficiency in programming. Prerequisites: MATH 0107.

BUSN 0371. INTERMEDIATE ACCOUNTING I. 1st Semester. Lect. 3, 3 credits. The course includes the study of the principal accounting statements; a review of the fundamental processes of accounting; a consideration of problems involved in the measurement of business position and periodic process. Prerequisite: BUSN 0212.

BUSN 0372. INTERMEDIATE ACCOUNTING II. 2nd Semester. Lect. 3, 3 credits. A continuation of Intermediate Accounting I. Prerequisite: BUSN 371.

BUSN 0373. COST ACCOUNTING. 2nd Semester. Lect. 3, 3 credits. A one semester course dealing with the principles, procedures and executive uses of manufacturing and marketing cost accounting. It treats cost accounting fundamentals, planning and controlling routine operations; and cost analysis for nonroutine decisions and long-range planning. The student is introduced to the principles of capital budgeting and relevant costs. Prerequisite: BUSN 212.

BUSN 0374. GOVERNMENT ACCOUNTING. 2nd Semester. Lect. 3, 3 credits. An intensive and practical study of the theory, terminology, mechanics and principles of accounting applicable to governmental units and subdivisions thereof; hospitals, institutions of higher learning, and philanthropic foundations. The scope of the course also includes budgeting, reporting and auditing. Prerequisites: BUSN 0211, 0212.

BUSN 0376. ADVANCED ACCOUNTING. 1st Semester. Lect. 3, 3 credits. Special units are included on accounting theory and external reporting, partnerships, special sales procedures, consolidation, and fiduciaries. Prerequisites: BUSN 0371, 0372.

BUSN 0401. BUSINESS POLICY. 1st Semester. Lect. 3, 3 credits. Business Policy is a senior level course that is designed to assist the student in developing a working knowledge and a global view of the theories studied in various fields of business. The student's major task in this course will be to make strategic decisions and justify those decisions through oral and written communication. Students will need to integrate knowledge acquired in previous business courses, concepts and tools presented in this course, coupled with their own intuition to recommend strategies as being most appropriate for the organization being analyzed. Prerequisite: Senior standing.

BUSN 0405. SYSTEMS ANALYSIS AND DESIGN. 1st Semester. Lect. 3, 3 credits. Analysis and synthesis of operational control systems, application of decision, queuing and inventory theories, systems simulation and network analysis to problems. Prerequisite: BUSN 0418.

BUSN 0406. PRODUCTION AND OPERATION MANAGEMENT. 2nd Semester. Lect. 3, 3 credits. Analytical study of the basic areas of operations in a business enterprise, economics of production planning and managerial control, inventory control, methods of analysis and work management.

BUSN 0426. INVESTMENTS. Lect. 3, 3 credits. Designed to familiarize the student with the various investment techniques to include an analysis of the factors involved in the development of an investment portfolio. Prerequisite: Finance 409.

BUSN 0431. CORPORATE SURVIVAL SKILLS. Lect. 3, 2 credits. A study of professional development strategies to assist students in making the transition from college to the real world of business. The course includes goals and life planning, work and world realities, including racial, ethnic, sexual and other minority experiences, professional attire, social behavior, and corporate-type problems that are unique to Black managers.

BUSN 0452. BUSINESS LAW I. 2nd Semester. Lect. 3, 3 credits. A treatment of the legal framework of business principles and rules as well as the logic of the law are studied through an analysis of cases. Attention is given to the law of contracts; agency and employment; commercial paper; personal property and bailments; sale of goods, and government regulation of business.

BUSN 0475. AUDITING. 2nd Semester. Lect. 3, 3 credits. Presents a study of the principles of internal and independent auditing. Emphasis will be placed upon the auditing standards and procedures associated with the public accounting profession. Attention will be given to audit reports, professional ethics, legal responsibilities, audit programs and audit working papers. Prerequisites: BUSN 0371, 0372 and 0376.

BUSN 0476. TAX ACCOUNTING. 1st Semester. Lect. 3, 3 credits. The course is designed to give the student a broad appreciation of the tax structure. Special consideration will be given to the characteristics of the federal income tax as applied to individuals and corporations. Prerequisites: BUSN 0211, 0212. Senior standing or permission of instructor.