Business

COURSE DESCRIPTIONS

ACT 110: Fundamentals of Accounting
3 Credits
Description: Fundamentals of Accounting covers the basic concepts and principles of accounting, along with the introduction and usage of accounting terminology. The technical aspects of accounting are practiced through recording, classifying, and summarizing the financial information that arises within a business enterprise. The accounting cycle, including statement presentation, is examined along with such areas as sales, purchases, cash, receivables, and payroll. This course is not open to students who have completed ACT 210 or higher, with a grade of “C” or better.
Offered: Fall/Spring (A)

ACT 120: Introduction to Financial Statement Analysis
3 Credits
Description: This course takes an in-depth look into company financial statements and shows how this information can be analyzed and used to aid many individuals including creditors, investors, and managers in their business decisions. It equips students with a wide array of tools and techniques useful in many fields of management. Students will develop a comprehensive understanding of each of the four financial statements and their purposes. Students will also become familiar with such financial analysis tools as vertical and horizontal analysis. Basic ratios in each of the following areas will be introduced: liquidity, solvency, and profitability.
Offered: Spring (A)

ACT 210: Principles Accounting I
3 Credits
Introduces the basic concepts and principles of financial accounting for proprietorships, partnerships and corporations. Emphasis is placed on collecting, summarizing, analyzing, and reporting financial information. Topics include the accounting cycle, conceptual framework, preparation of financial statements, and understanding the role and responsibilities of accountants in business.
Prerequisite: MAT 125/126
Offered: Fall/Spring (A)

ACT 220: Principles of Accounting II
3 Credits
A continuation of ACT 210. Emphasis is placed on financial accounting reporting requirements; advanced corporate transactions; and managerial accounting for decision- making.
Prerequisite: ACT 210
Offered: Fall/Spring (A)

ACT 310: Intermediate Accounting I
3 Credits
A continuation of the study of financial accounting principles with in-depth coverage of theoretical concepts and financial statements. Topics include generally accepted accounting principles and statements of extensive analyses of balance sheet components.
Prerequisite: ACT 220
Offered: Fall (A)

ACT 320: Intermediate Accounting II
3 Credits
A continuation of ACT 310. Emphasis is place on special problems, which may include leases, bonds, investments, ratio analyses, present value applications, accounting changes, and corrections.
Prerequisite: ACT 310
Offered: Spring (A)

ACT 330: Cost Accounting
3 Credits
Introduces principles and techniques used to describe and account for costs. Topics include analysis of manufacturing direct materials, direct labor, and overhead application methods, including activity-based techniques; job order, process and standard costing systems; cost- volume-profit, absorption and variable costing; joint and by-product cost allocation; normal and standard costing methods of valuation.
Prerequisite: ACT 220
Offered: Spring (O)

ACT 340: Managerial Accounting
3 Credits
Emphasis is placed on the use of accounting data in managerial decision-making. Topics include budgeting and internal reporting as tools in the planning and controlling functions. Performance evaluation, strategic control systems, activity- based management, and relevant costing are among the topics covered.
Prerequisite: ACT 220
Offered: Spring (0)

ACT 350: Accounting Information Systems
3 Credits
This course covers microcomputer applications in financial and managerial accounting to improve productivity in a business environment. This course provides a working knowledge of industry standard software packages and their use in accounting. Emphasis is placed on using integrated accounting software to analyze complex business transactions. Topics include the following computerized functions: automated billing and collection systems, integrated general ledger, accounts receivable, accounts payable, inventory, payroll, depreciation, preparation of financial statements. This course may not be used to satisfy an accounting elective requirement; it may be used to satisfy a general elective requirement for business majors.
Prerequisite: ACT 220
Offered: Spring (E)

ACT 410: Federal Tax I*
3 Credits
An introductory course in taxation. This course covers relevant laws governing individual income taxation. Emphasis is placed on filing status, exemptions for dependents, including the study of gross income, exclusions, business and non- business deductions, credits, property transactions, accounting periods and methods, deferred compensation and computation of tax.
Prerequisite: ACT 210
Offered: Fall (O)

ACT 420: Federal Tax II* 3 Credits
This course introduces the relevant laws governing business and fiduciary income taxes. Emphasis is placed on corporations, partnerships, estates, trusts, and gifts. Topics include tax depreciation, accounting periods and methods, valuation and liquidity problems, and tax administration and practice.
Prerequisite: ACT 410
Offered: Spring (E)

ACT 430: Auditing Theory/Practice*
3 Credits
Provides the overall framework to prepare and conduct an internal or external audit. Emphasis is placed on collecting data from working papers, arranging and systematizing the audit, and writing the audit report.
Prerequisite: ACT 310
Offered: Fall (E)

ACT 440: Advanced Accounting*
3 Credits
Focus is placed on the analysis of complex and specialized accounting problems and practices. Topics include equity method of accounting for investments; business combinations, partnerships, branch and consignment, estates and trusts, price-level adjusted statements, segment reporting, interim statements and foreign currency transactions.
Prerequisite: ACT 320
Offered: Spring (O)

ACT 450: Governmental & Not-for-Profit Acct.*
3 Credits
Introduces financial accounting principles and procedures applicable to governmental and not- for- profit organizations. The topics include budgetary accounting procedures and fund accounting with emphasis on governmental entities, schools, hospitals and voluntary health and welfare organizations.
Prerequisite: ACT 220
Offered: Fall (O)SS

ACT 460: Accounting Seminar
3 Credits
This course is designed for an individual student at the recommendation of his/her professor and is only available to those seniors with a specialized future career or educational goal in mind. Such a course could include a special service learning project, research paper on a specific topic of interest to the student. Course would require approval of student’s advisor with the individual course outline receiving approval of the Professor, Division Chair, and Vice President of Academic Affairs (keeping with Lane College’s policy for Independent Study).
Prerequisite: ACT 320 Intermediate Accounting II

ECO 210: Principles of Macroeconomics
3 Credits
An introduction to acquaint the student with economic analysis of aggregate employment, income, and prices are related to economic problems. Topics include major schools of economic thought; aggregate supply and demand; economic measures, fluctuation, and growth; money and banking; stabilization techniques; and international trade, national income accounting, and fiscal and monetary policy.
Prerequisite: MAT 126
Offered: Fall/Spring

ECO 220: Principles of Microeconomics
3 Credits
An in-depth analysis of individual, business and industry choices in the market economy. Topics include the price mechanism, supply and demand, optimizing economic behavior, costs and revenue, market structures, factor markets, income distribution, market failure, and government intervention, the economics of production and cost, and analysis of firm behavior in various market models, resources markets and the international economy, and other related topics.
Prerequisite: ECO 210
Offered: Fall/Spring

ECO 310: Money and Banking
3 Credits
Analysis of the relationship between money and economic activity with emphasis on monetary theory, commercial banking, and financial markets and interest rates. The interface of monetary policy, fiscal policy and debt management is also covered.
Prerequisite: ECO 220
Offered Fall (A)

ECO 320: Managerial Economics
3 Credits
Managerial Economics (Economics for Managers) is an intermediate level course which develops simple, practical quantitative tools and intermediate microeconomic concepts for business students. It uniquely integrates the discipline to other managerial functions, including accounting, finance, human resource management and marketing. Managerial Economics uses a problem-solving approach to teach students how to make better business decisions.
Prerequisite: ECO 220
Offered Spring (A)

FIN 150: Personal Financial Management*
2 Credits
Treatment of problem areas of major concern in business, marketing, and financing. Among the topics included are personal credit management, personal consumer economics, personal finance, personal monetary and banking, personal risk management, and personal small business management.
Prerequisite: MAT 126. This course will not be accepted as an elective or core course for business majors.
Offered: Fall/Spring (A)

FIN 210: Principles of Finance
3 Credits
Emphasizes financing and investment decisions made by financial managers. Topics include time value of money, financial analysis, valuation of securities, alternative sources of short and long- term financing, operations of financial markets.
Prerequisites: MAT 126
Offered: Fall (A)

FIN 310: Principles of Investment*
3 Credits
Principles governing the proper investment of personal and institutional funds, information sources, security analysis, exchanges and regulation.
Prerequisite: FIN 210

FIN 320: Financial Institutions and Markets*
3 Credits
A general study of the nature of financial institutions and markets in the United States and their interactions. How and why the institutions evolved, how they fit within the financial system, how they operate, their current impact, and their future role.
Prerequisite: FIN 210

FIN 330: Financial Management*
3 Credits
A continuation of Business Finance. Topics included are capital budgeting, cost of capital and capital structure, and valuation of firm, dividend policy, and special managerial finance issues, e.g., merger, acquisitions, and divestitures.
Prerequisite: FIN 210

FIN 340: Bank Management *
3 Credits
This course includes analysis and discussion of cases in commercial bank management. The loan function is emphasized; also the management of liquidity reserves, investment for income, sources of funds. Bank objectives, functions, policies, organization, structure, and regulations are considered.
Prerequisite: ECO 220

FIN 410: Financial Asset Management*
3 Credits
A detailed analysis of the investigation of corporate securities as long-term investment. Investigation of the techniques for security valuation and portfolio management, with discussion of financial institution investment procedures. Considers mechanics, markets, institutions, and instruments important to the investment process.
Prerequisite: FIN 310

FIN 420: International Corporate Finance*
3 Credits
Covers questions and issues which concern financial management of international corporations. Analysis of the financing of investment abroad and the management of assets in varying financial environments. The foreign investment decision, cost of capital and financial structure for multi-national decision-making, management of foreign subsidiary working capital, and financial control of multi-national operations.
Prerequisite: FIN 210

FIN 460: Financial Planning Seminars and Applications*
3 Credits
Applications of personal financial planning tools to actual problems using interactive tools and information software designed to help plan, invest, and manage money. Students will analyze, choose, and defend their ideas and the course of action. Financial planning tools are also examined in conjunction with their related cases.
Prerequisite: Senior Business majors & Instructor Approval

MGT 110: Introduction to Business
3 Credits
This course is designed to help students develop a basic understanding of business principles, processes, practices, and strategies. It will enable students to use business theories and concepts to better understand current business issues and their broad implications to stakeholders. It covers major concepts in management, marketing, finance, general economics, and accounting. Students will increase their understanding of fundamental business strategies.
Prerequisite: NONE
Offered: Fall/Spring (A)

MGT 210: Principles of Management
3 Credits
This course will provide an introduction to the basic concepts of management and organizations. Core areas of study will include the basic functions of management: planning, organizing, directing, and controlling.
Prerequisite: ENG 131
Offered: Fall/Spring (A)

MGT 220: Managerial Communications
3 Credits
The purpose of this course is to provide students with a conceptual framework and specific tools for communicating in complex business environments and accomplishing strategic academic and professional business goals. This core course provides writing, oral and collaborative skills necessary for future business courses, internships, and professional positions as well as fundamentals in both oral and written business communications. The application of grammar, syntax, and style of various forms of business communication are introduced including organizational communication, persuasion, and interviewing.
Prerequisite: ENG 132
Offered: Fall/Spring (A)

MGT 230: Introduction to Business Modeling and Decision Analysis
Credits 3
Description: The course will provide students with spreadsheet knowledge that is essential for applications in accounting, finance, management, marketing, and production operations. Students will learn how to develop spreadsheet models for business analysis including cash flow, budget allocation, resource planning, pricing, and advertisement.
Prerequisite- MAT 125

MGT 250: Management for Healthcare Organizations
Credits 3
Description: This course is an overview of the health care delivery systems in the United States. It is designed to acquaint beginning health care management students with the social, political, economic, demographic, and technological forces that shape the structure, operation, and outcomes of the United States health care system.
Prerequisite- MGT 210, MGT 220

MGT 310: Management Information Systems Credits 3
A survey of the components of information systems, types of information systems and strategies for information systems analysis and design, implementation and management. A focus on management considerations of information technology, including microcomputers, in the business environment. Students will prepare projects involving hands-on learning of simple decision support, database, and transaction processing systems.
Prerequisites- ACT 220, MGT 210
Offered: Fall/Spring (A)

MGT 320: Quantitative Methods Credits 3
Topics include interest calculation, annuities, and differential and integral calculus applications towards business.
Prerequisite- MAT 126
Offered: Fall/Spring (A)

MGT 340: Management of Technology
Credits 3
This course links the business management with many areas of technology; such as mechanical, electrical, computer science, and information technology. The scope of the course is to imbed these areas of technology in each stage of new product life cycle and service development. This course let the students have hands – on - skill for managing technical business and projects including product and service design with all technical aspects during product life cycle, as well as optimizing their sequence of operations. The course also covers the required stages that involve in the development of new products and adding values to existing ones. In this course, the students get knowledge on the design phase and the manufacturing processes for a wide variety of products and services.
Prerequisites: MGT 210, MGT 320

MGT 350: Foundations of Entrepreneurship
Credits 3
A study of entrepreneurship with particular reference to creating and starting a new venture. Emphasis is placed on the historical development of entrepreneurship, risk taking and entrepreneurship, innovation and marketing, financial planning, organizational planning, going public, and legal issues for the entrepreneur.
Prerequisites: None

MGT 380: Human Resource Management
3 Credits
This course investigates management, procurement, development, maintenance, compensation, and utilization of an effective workforce. It also provides insight into a variety of functions considered essential to the personnel function of institutions, including: job analysis, recruiting, selection, motivation, training, evaluation, and career development. Special attention is paid to federal hiring requirements and the issues of health and safety.
Prerequisites: MGT 210 and MGT 220
Offered: Spring (A)

MGT 410: Business Law
Credits 3
This course is designed to provide an understanding of rights, duties, and liabilities in business transactions of large and small business firms and individuals. The history and development of our legal system, reviewed to help the students understand political and social influences on law. Topics covered include common law, Uniform Commercial Code, and contractual relationships.
Prerequisites: MGT 360, ACT 210
Offered: Fall/Spring (A)

MGT 440: Business Research Methods
Credits 3
This course investigates current and emerging business issues and changes in a globalized business world through research of business problems. Learners will acquire critical thinking in the research process: Problem statement, literature review, research methodologies, data collection and analysis, and research conclusion. Scholars will examine changes in the operationalization of business strategies, standards, and analyze potential impacts for making informed decisions and recommendations to management.
Prerequisites: MGT 210 and MGT 220, MKT 210 and 220, ACT 210 and 220, MAT 233

MGT 480: Business Policy
Credits 3
This course will provide an integrative learning experience through the presentation of advanced material and study of administrative policy cases. It will also provide insight into administrative processes in conditions of uncertainty. The total organizational environment, including social, economic, ethical, political and technological influences, will be assessed. This the capstone course for all business majors.
Seniors Only
Offered: Fall/Spring (A)

MGT 990: Internship
Credits 3
Provide professional work experience in accounting, economics, marketing, or in a managerial or financial position within the private sector, or the public sector agency or not-for-profit organization. The internship must be directly related to the business major. Such experience should allow you to acquire valuable new skills, gain new insight in the major, build your professional resume, grow your professional network, diversify experiences, increase confidence, expand future job prospects, ‘test drive’ your selected career path and earn academic credit. Reporting supervisor will submit assessment of student work to business faculty member. You must have a GPA of 2.5 or higher before being approved for an internship assignment. You must apply for internship credit BEFORE beginning your internship work assignment as credit will NOT be given after an internship begins. An “offer letter” (includes, start and end dates, and number of hours per week on company letterhead) and a job description that details job duties also on company letterhead. The ‘offer letter’ should be signed by the reporting supervisor. The content of your internship must be approved by a business faculty member. Internship courses are graded on a letter scale (A, B, C). 3 Cr Hrs – 45 hours work.

MKT 210: Principles of Marketing
3 Credits
The marketing function of the firm from the standpoint of the decision-maker. The marketing variables of products, channels, prices, and promotion as related both to the profitability of the firm and the satisfaction of customers.
Prerequisite: MAT 126
Offered: Fall (A)

MKT 310: Consumer Behavior
3 Credits
A detailed study of the forces which shape the process of consumer motivation and decision making. Topics include theoretical models of consumer choice processes and the influences of culture, lifestyle, and demographics on the consumer. Emphasis on creating a link between some behavioral concepts and marketing strategy.
Prerequisite: MKT 210
Offered: Fall (E)

MKT 320: Promotion and Advertising*
3 Credits
Advertising as a communications tool in marketing management. Develops an understanding of the role of advertising under diverse marketing conditions. The nature of communications process and its relationship to advertising. Topics include advertising budget, media planning, the advertising agency, the creative process, and evaluation and control of advertising.
Prerequisite: MKT 210

MKT 330: Professional Selling*
3 Credits
Professional selling will recognize that today’s salesperson faces a skeptical, well-educated, and sophisticated buyer, and that the professional sales person must be far more than a purveyor of goods and services. Professional selling will attempt to harmonize techniques and strategies with personality development. Topics include behavioral theories, ethics, a model of the selling process, and management of the sales force.
Prerequisite: MKT 210

MKT 360: Sport Marketing*
3 Credits
The basic marketing concepts to the sports industry. Fundamental marketing techniques such as advertising, sales, promotion, fund raising, and journalism will be explored in relation to sports.
Prerequisite: MKT 210

MKT 410: International Marketing*
3 Credits
An examination of various factors surrounding the conduct of business in foreign lands. Emphasis on the problems and decisions facing managers of International marketing across national boundaries, the environment in which international marketing takes place, and ways of integrating and coordinating marketing programs in diverse markets.
Prerequisite: MKT 210

MKT 420: Marketing Research
3 Credits
This course covers research methodology with the emphasis on the application of social science techniques of research to marketing problems. Critical evaluation of various sources of information, research procedures, and methods of utilizing research findings is required. An individual or group research project provides practical application of the methods studied.
Prerequisites: MKT 131 and MAT 233
Offered: Spring (O)

MKT 430: Marketing Analytics
3 credits
This course examines how firms use information and quantitative tools to compete in distinctive ways. Uniquely blending the art and science of marketing, cases are combined with Excel, Qualtrics, and SPSS lab exercises to help students apply quantitative tools (ROI, NPV, statistical sampling theory, simulation and regression analysis) to the marketing decision making process.

MKT 460: Marketing Management Seminar*
3 Credits
An open-ended discussion approach to contemporary marketing problems relative to the internal operation and external environment of the firm.
Prerequisites: MKT 210 and senior classification