Lincoln College

Undergraduate Catalog :: Normal Campus

Business

BUS 101: Financial Accounting

Credits: 3
The emphasis of this course is on the accounting cycle, accruals, current assets and liabilities, long-term assets and liabilities, stockholder’s equity, and cash flow statements.  Focus is also on concepts of financial statements for external users.  At least two years of high school algebra or equivalent placement (MAT 101 or higher) is recommended.

BUS 102: Managerial Accounting

Credits: 3
This course covers accounting systems for producing information for internal management.  The emphasis on cost, profit analysis, budgeting, present value, performance evaluation, and other quantitative methods used for short-term and long-term internal managerial decision-making.
Prereq. C or better in BUS 101

BUS 105: Introduction to Business

Credits: 3
This course provides a general survey of the field of business in the American free enterprise economy. It is designed for students who plan to concentrate in business and for others who are interested in a broad general knowledge of business.  Students become acquainted with business ownership, finance, management, marketing, and business-government relations.  This course is recommended as a first elective in the business curriculum.

BUS 166: Management Information Systems

Credits: 3
Course covers fundamental concepts of computers and business information systems. Emphasis on intermediate skills in microcomputer application software and introduction to system development design techniques and tools.

BUS 200: Small Business Management

Credits: 3
Course covers management as it applies to starting and managing a small business. Course topics include entrepreneurship, family business, small business in the economy, business plans, market analysis, buying an existing or franchise business, location and facilities, financial planning, legal aspects, consumers, product distribution, prices, credit, personal selling, advertising, and sales.

BUS 203: Principles of Marketing

Credits: 3
Course covers marketing functions, methods, institutions, cost, price policies, manufacturers, wholesalers, brokers, and consumer behaviors. Course covers recent marketing legislation and current merchandising developments; specifically oriented to development of marketing and merchandising theory including marketing research.

BUS 205: Principles of Management

Credits: 3
Course introduces the field of management and the fundamentals of planning, organizing, leading, and controlling.  This course surveys the functional areas in management and prepares students for advanced study in management.

BUS 241: Principles of Retailing

Credits: 3
Course provides a study of retailing’s role in a global economy through the examination of the history of retailing, present retailing trends and customer preferences, as well as the future of retailing in terms of electronic and television retailers.

BUS 242: Principles of Advertising

Credits: 3
Course integrates theory and practice in examining advertising’s role in marketing and society. The course also examines the past, present, and future of advertising.

BUS 301: Principles of Finance

Credits: 3
Course introduces the operations, mechanics, and structure of financial systems. Financial analysis, working capital investment, capital budgeting, and valuation emphasized.
Prereq. C or better in BUS 101

BUS 302: Cost Accounting

Credits: 3
This course examines the cost accounting systems, job and process cost systems, cost accumulations, planning and control of costs, budgeting, standard costs, cost analysis, profit analysis and other related topics.
Prereq. BUS 102
Recommended: BUS 166

BUS 304: Fund Accounting

Credits: 3
This course provides the student with a background in basic concepts and techniques of accounting and financial reporting practices in non-profit organizations such as municipalities, colleges/universities, healthcare providers, and other non-governmental organizations. This course will closely examine financial reporting, the accounting cycle, and financial statements.
Prereq. BUS 101
Recommended: BUS 166

BUS 306: Business Law I

Credits: 3
This course provides an overview of business law and the legal environment of business, including contracts, agency, commercial paper, bailment, and personal Property.

BUS 307: Business Law II

Credits: 3
This course focuses on sales, partnerships, corporations, real property, insurance, bankruptcy, wills and estates, and the Uniform Commercial Code.

BUS 310: Operations Management

Credits: 3
This course focuses on the role of technology and employees in the transformation of inputs into outputs. Emphasizes the role of operations in both manufacturing and services to provide quality end products to consumers.
Prereq. MAT 104 and MAT 135 and Junior/ Senior Standing
Coreq. BUS 205

BUS 313: International Business

Credits: 3
The international dimensions of management, including organizational alternatives, trade policies, influence of economic nationalism, international monetary system and finance, international competition, and problems of less developed countries. The course uses case studies and small group discussion to address major issues such as government policy and trade restrictions, foreign exchange and balance of payments, regional trade integration and the international monetary system.

BUS 314: Human Resource Management

Credits: 3
This course lays a foundation of employment law and examines the human resource functions of recruitment, selection, training, performance appraisal and compensation with respect to employment law. Other areas such as job analysis and labor relations are studied.
Coreq. BUS 205

BUS 315: International Finance

Credits: 3
This course covers the fundamentals of international finance, including the international trade process and related financial instruments. Exchange rates, international investments, and multinational corporate finances
Prereq. BUS 101 and BUS 301

BUS 316: Workforce Diversity

Credits: 3
The course explores the impact of cultural diversity on personal and organizational effectiveness from a leadership perspective. Diversity viewed as an asset to the organization, not a problem to be managed. Case studies, role-play exercises, and simulation games used to explore keys to effective communication and cooperative working relationships among people of differing backgrounds. Also explores the value of appreciating cultural diversity for the global manager.

BUS 318: Organizational Behavior and Theory

Credits: 3
This course examines behavior at the individual level, group level, and organization (system-wide) level, and how each level of behavior impacts organizational goals and performance. Pertinent topics at the individual level include personality and motivation; at the group level, leadership and group dynamics; and, at the organization level, organizational structure and organizational culture. The cumulative effect/integration of behavior at each level is examined on organization-wide effectiveness and efficiency.
Coreq. BUS 205

BUS 410: Business Ethics

Credits: 3
This course examines business ethics in an organizational and managerial framework to resolve ethical issues in today’s workplace. The course emphasizes ethical decision-making, codes of conduct, global ethical issues, and auditing effective ethics programs.
Prereq. Junior/Senior standing

BUS 412: Organizational Leadership

Credits: 3
Course identifies leadership styles and explores findings on leadership and corporate culture based on research by behavioral scientists and experts in the field of management. Course focuses on inter-personal and group processes that can facilitate organizational change. Topical focus is on motivation, perception, communication, decision-making, and leadership as they relate to the role of the manager within an organization.
Prereq. BUS 318

BUS 413: Strategic Management

Credits: 4
Course must be taken in final senior semester. The course will focus on strategic management concepts in strategy formulation, implementation, management, and evaluation. This capstone course will allow students to use knowledge and skills gained from prior coursework in accounting, finance, human resources, marketing, and operations management to explore organizational problems using real-world business case studies.
Prereq. Last semester in program and completion with a grade of C or better in BUS 101, BUS 102, BUS 203, BUS 301, BUS 310, and BUS 314; No dual enrollments.
(Students are responsible for business simulation fee)
Semester Offered: Spring Only

BUS 490: Projects in Accounting

Credits: 1-3
An elective course designed for students capable of advanced independent study in accounting under the supervision of faculty. Students will conduct a project on a topic not in the curriculum or a topic that will provide experiential learning. May be repeated only once up to 6 credit hours.
Prereq. permission of BBA Program Director.

BUS 491: Advanced Special Topics in Accounting

Credits: 3
Topics may include but are not limited to: Certified Management Accountants (CMA) requirements, Risk Management/Assessment, System Controls and Security, Disaster Recovery, and International Financial Reporting Standards (IFRS). May be repeated only once for a total of 6 credit hours
Prereq. senior standing and permission of BBA Program Director.

BUS 492: Individualized Study/Readings in Management

Credits: 1-3
An elective course designed for students capable of advanced independent study in management under the supervision of faculty. May be repeated for a total of 6 credit hours.
Prereq. senior standing and permission of BBA Program Director.

BUS 496: Advanced Special Topics in Management

Credits: 3
A senior level course in which advanced students will pursue an intensive study of current topics in management. Topics may include but are not limited to: international management, management consulting, change management, non-profit management, or sustainability. Course cannot be repeated for credit.
Prereq. senior standing and permission of BBA Program Director.

BUS 499: Strategic Management Capstone (ABE Program)

Credits: 6
Course must be taken as the last course in the ABE Business Management Program. Covers implications of competitive priorities in creating and implementing strategies. Case analyses are used as an aid in the art and science of crafting and executing strategy. A competitive-based online business simulation allows students direct experience in running a business.
Prereq. Business Foundation Core Courses and all other Business Management Core courses under the ABE Business Management curriculum.