Business Minor with Financial Emphasis

The aim of the Business minor with Financial Emphasis is to prepare students to think, work, and serve in an atmosphere dealing with money, the economy, spending, and additional financial ventures. The student should be able to handle various types of currency, understanding the process of procuring a financial base for any type of business formation, and understand the economies of a diverse climate for financial management.

Required Courses:

  • Elementary Accounting I (ACCT 2523)
  • Elementary Accounting II (ACCT 2623)
  • Accounting Special Topics (ACCT 4903)
  • Business Finance (BUSN 3103)
  • Computer Workshop: EXCEL (CSCI 3801)
  • Choose one:
    • Macroeconomics (ECON 2123)
    • Microeconomics (ECON 2223)
  • Economic History of the U.S. (ECON 3013)
  • Economics Special Topics (ECON 4903)
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Course Descriptions:

ACCT 2523 ELEMENTARY ACCOUNTING I 3 hours 
This course presents the basic principles of financial accounting. Emphasis is given to the preparation and use of income statements, balance sheets, and statements of funds flow for corporations. Also included in this course are the analysis and recording of financial transactions involving cash, inventories, fixed assets, bonds, and capital stock as well as closing, adjusting, and reversing entries for revenues and expenses. Prerequisite: MATH 1523 or permission of the instructor.

ACCT 2623 ELEMENTARY ACCOUNTING II 3 hours 
This course is an introduction to managerial accounting. It includes analysis of cost behavior and the use of this knowledge for both short and long term decisions. This course also introduces the student to budgeting and the accumulation of product costs for planning and performance evaluation. Specific subjects covered include cost-volume-profit analysis, capital budgeting, allocations, variances from standard costs, and the measurement of divisional performance. Prerequisite: ACCT 2523.

ACCT 4903 SPECIAL TOPIC 3 hours 
Various subjects in the area of study will be presented through research and writing or through visiting professors and lecturers that complement the curriculum and take advantage of the educational background, experience, and expertise of the instructor. Emphasis is given to the creative approaches, research, and/or collaborative learning to enrich the understanding of the student. Permission of instructor is required. This course may be repeated with change of subject matter for a maximum of nine credit hours.

BUSN 3103 BUSINESS FINANCE 3 hours
This course is an introduction to the basic principles and concepts of financial management. It includes time value of money concepts, working capital management, ratio analysis and forecasting, financial planning, security valuation, capital budgeting, and alternative financing sources. Prerequisite: ACCT 2523 or permission of instructor.

CSCI 3801 COMPUTER WORKSHOP 1 hour 
This workshop is designed as an intensive study of various topics or methodologies. The course may be repeated with change of subject matter for a maximum of four hours.

ECON 2123 MACROECONOMICS 3 hours 
This is an introductory course in economic principles as they relate to national income, economic growth and development, economic fluctuations, monetary policy, and fiscal policy. This course also includes material on foreign trade, international economics, and balance of payments.

ECON 2223 MICROECONOMICS 3 hours 
This course provides a survey and analysis of the fields of production, supply and demand, and marginal analysis with the policies, practices, and operations of individual markets.

ECON 3013 ECONOMIC HISTORY OF THE U.S. 3 hours 
This course examines the development of the American economic system and institutions as they relate to agriculture, industry, and commerce of the United States. Crosslisted as HIST 3013.

ECON 4903 SPECIAL TOPIC 3 hours 
Various subjects in the area of study will be presented through research and writing or through visiting professors and lecturers that complement the curriculum and take advantage of the educational background, experience, and expertise of the instructor. Emphasis is given to the creative approaches, research, and/or collaborative learning to enrich the understanding of the student. Permission of instructor is required. This course may be repeated with change of subject matter for a maximum of nine credit hours.