Accounting Minor

Basic elements of accounting and methods of gathering and reporting financial data. Includes a study of financial statements; journalizing financial transactions; merchandising activities; investments in property, plant and equipment; and depreciation as it applies to corporations. Prerequisite: BUS 201.

Management decision-making based on accounting concepts. Includes equity financing, introduction to management accounting, cost terms and concepts, cost accumulation systems, product costing systems and analyzing cost behavior patterns, including cost-volume-profit relationships. Prerequisite: ACT 211.

Expansion of the theories and concepts of accounting treated in greater depth. Includes study of the balance sheet and owner’s interests; accrual accounting, including revenue recognition and cost allocation; the income statement and measures of performance; statement of cash flows; and cash and receivables. Prerequisite: ACT 212.

Continuation of ACT 311 with emphasis on the following: inventories, current liabilities, long- term assets, intangible assets, long-term liabilities, accounting for leases and equity securities. Prerequisite: ACT 212.

Course covers cost accounting cycle; cost elements of product/service; job order, process and standard cost systems; overhead allocation considerations; cost behavior; cost-volume-profit relationships; analysis of overhead variances. Prerequisite: ACT 212.

Concepts, controls and tools of computerized accounting information systems using spreadsheets and databases. Use of computerized accounting software packages. Prerequisite: ACT 212 and BUS 261.

The preparation of federal and California state income tax returns for the individual. The course will cover in detail federal forms and schedules and California adjustments to income. Prerequisite: ACT 211.

Methods and procedures used to verify the accuracy and responsible reporting of financial information within the ethical framework of the professional auditor. Specific topics will include ethics, legal liability, internal control and reporting. Prerequisite: ACT 312 or consent of instructor.

Survey of today’s American business systems. A study of various types of businesses and the information they gather, store, and process. Administration and management of people, facilities, and information. Course includes relevant computer experience simulating business situations.

A study of law with emphasis on United States law, including sources, courts, procedures, torts and laws pertaining to the business environment. Examples are law of agency, contracts, product liability, government regulations, business organizations and ethics in American business.

Theory and techniques of oral communication in the process of interviewing. Practical application in employment, information gathering (as in journalism and investigations) and persuasive interviews (as in selling and legal argument).

Introduction to principles and practices of managerial finance. Sources and methods of raising capital, cash flow analysis, financial statement analysis, financial markets and stockholder equity concerns. Additional concepts include decision making with risk and use of operating and financial leverage. Prerequisite: General education math requirements and ACT 212.

Introduction to management principles in the area of planning, organizing, staffing, and controlling with emphasis on responsibility and authority, delegation and decentralization, line-staff relationship organization charting, communication and reaction to change. Additional emphasis on interpersonal skills, motivation, leadership, and managing the organization’s resources. Prerequisite: BUS 201 and 224. Recommended prerequisite: ECO 201 or 202.

An overview of world trade and investment patterns and international sourcing, marketing, and management for global businesses. Special emphasis on international trade theory, the world financial environment, and the role of multinational corporations including international sourcing, marketing, and management for global business. Prerequisite: MGT 321.

Explores the methods of business ownership including startup, franchises and firm acquisition. Practical emphasis upon screening initial business ideas, accessing information sources, defining customer benefits, developing strategic posture, analyzing markets and competitors and creating a comprehensive business plan. Theoretical development of new venture establishment enhanced by guest lecturers experienced in startup ventures. Prerequisite: MGT 321.

A study of how organizations obtain, maintain and retain their human resources. Examination of current organizational theory, research and practice regarding variables that influence human behavior in organizations. Prerequisite: MGT 321.

Introduction to the basic elements of modern marketing, including market research, identifying target customers, developing product offers, branding, pricing, marketing communications and distribution channels. Prerequisite: BUS 201. Recommended prerequisite: ECO 201 or 202.

A comprehensive overview of marketing research, providing information for marketing decision making. Problem identification and problem solving research. Student develops competence in survey methods applying analysis techniques including frequency distributions, cross tabulations and correlation analysis. Prerequisite: General education math requirements and MKT 341.