AC-449 ACCOUNTING THEORY AND PROBLEMS
4 credits
This course emphasizes the interrelationship between accounting theory and practice. It provides for the advanced
study of the essential concepts and assumptions under-lying accounting theory and practice. Major aspects
of the historical development of accounting
theory are reviewed. Special emphasis is placed
on an analysis and evaluation of the current
status of Generally Accepted Accounting Principles
(GAAP) as well as issues facing the accounting
profession. The course involves a study of the content and implications of the literature
of the profession contained in Financial Accounting
Standards Board (FASB) pronouncements. Attention
is given to regulatory bodies, and their influences, such as the Securities and Exchange Commission (SEC).
Federal tax implications are reviewed where
appropriate. PREREQUISITE: AC-331
EC-201 MACROECONOMICS
3 credits
An introduction to macroeconomic theory. A study of the economy as a whole,
the nature of national income, gross national
product, investment, employment, and problems
of economic growth. The ways in which fiscal and monetary policy are utilized to maintain stability of the national economy
are also examined.
EC-203 MICROECONOMICS
3 credits
This is an introductory course in micro-economic theory. This course introduces
the student to the disciplines of micro-economics and provides a basic under-standing of how microeconomics functions in today’s society.
This course centers around understanding the
market for particular or individual outputs or inputs. It includes such topics as individual buyer
and seller behavior, individual prices of
goods and services, employment and individual
businesses and industries. This course also focuses on the household, the firm, and the
industry.
FA-302 PRINCIPLES OF FINANCE
3 credits
Introduction to the basic principles of finance. The time value of money, financial
statement analysis and debt and equity instruments
are all considered along with other important concepts. Students will gain insight into the role of finance in the world of business
and the role of the financial managers in
an organization.
FA-304 MONEY AND BANKING
3 credits
A study of the nature of money, its functions, and role in economic life as
well as banking, and monetary principles and
practices. Also covered are the powers and functions of the Federal Reserve System, monetary policy, its impact on economic activity and the dynamics of a rapidly changing
banking system. PREREQUISITE: EC-201
FA-305 CORPORATE FINANCE
3 credits
This course will provide students with the techniques for analyzing the recent
innovations in the Capital Markets along with
the proven theories and foundations of Corporate Finance. Corporate sources and uses of funds
are extensively examined with special consideration
of the most economical means of financing
Capital Formation and the financial techniques
of selecting assets. Particular attention
is given to Capital Structure, Cost of Capital,
Management of Cash, Receivables and Inventories;
selection of Sources of Funds and Dividend
Policy. PREREQUISITE: FA-302
