Ann McPherren, Sharon Custer, David McEowen, 
James O’Donnell, Anita Wickersham

The business department seeks to develop students prepared to be effective stewards of the earth’s physical, human and capital resources. The curriculum has been intentionally designed to integrate Christian perspective and ethical considerations with business theory. While some may consider the pursuit of maximum profit and wealth as prime activities of business, the faculty of the business department consider the use of profit and wealth to serve God’s creation to be central to our mission.

The department provides opportunities for students to earn a bachelor’s degree in business with concentrations in either business-related accounting, e-commerce, economics, management, not-for-profit management, small business management, or education. The EXCEL accelerated program for adult professionals offers both a bachelor’s degree and an associate of science degree in organizational management.

Students may earn the bachelor of science degree in business in one of six related concentrations: business–accounting, business–economics, or business–management, business–not-for-profit management, business–entrepreneurial small business management, and in business education. Courses common in each of these programs are italicized below.

The program in business–accounting requires AC 241, 242, 341, 342, 361, 371, 372, 441, and 471; BA 252, 351, 421, 481, and 389 (or AC/BA 495); EB 211 and 212; OA 215 (3); and MA 151, and 161 or 171 (calculus recommended for those anticipating graduate school). Many states, including Indiana, require candidates for the CPA examination to have earned 150 semester hours of college level credit and earn a bachelor’s degree prior to sitting for the exam. Students may meet the Indiana requirements at Huntington College in a number of ways. Expanding the above accounting program to include ten additional upper level hours in business, along with a minor, such as marketing, economics, or computer science, will fulfill the requirements. Students should meet with their academic advisor to discuss other acceptable courses of study or to review requirements of other states.

The program in business–economics requires AC 241 and 242; BA 252, 351, 389 (or 495), 421, and 481; EB 211, 212, and eighteen hours from EB 321, 324, 331, 381, 413, 421, 461, or other approved EB courses; OA 215 (3) and 371; and MA 151, and 161 or 171 (calculus recommended for those anticipating graduate school).

The program in business–entrepreneurial small business management requires AC 241 and 242; BA 235, 252, 351, 362, 381, 389, 414, 431, 451, 452, 462, 481, 495; EB 211 and 212; OA 215 (3) and 371; and MA 151, and 161 or 171 (calculus recommended for those anticipating graduate school).

The program in business–management requires AC 241 and 242; BA 252, 331, 351, 381, 389 (or 495), 421, 431, 461, 481, and 3 additional hours from BA, EB, or AC offerings; EB 211 and 212; OA 215 (3) and 371; and MA 151, and 161 or 171 (calculus recommended for those anticipating graduate school).

The program in business–not-for-profit management requires AC 241 and 242; BA 252, 345, 351, 381, 421, 481, 495 (6); EB 211 and 212; OA 215 (3) and 371; and MA 151, and 161 or 171 (calculus recommended for those anticipating graduate school) and 9 hours from MI 376, 381; RC 111, 211, 221, 381, 411; SO 311, 333, and 321.

The program in business education for the business teacher in secondary schools provides licensing in grades six through twelve. In addition to middle school and high school professional education courses, the program in business education requires AC 241, 242, and 341; BA 235, 252, 325, 351, 381, 389 (or 495), and 421; EB 211, 212, and 461; OA 114, 215 (3), 254 and 371; MA 151; and CS 111. Refer to the education department for education courses required for teacher licensing. Business education prepares students to teach all high school business courses except shorthand.

The EXCEL accelerated program in organizational management for adult professionals is offered in the evening to enable the working adult professional whose schedule precludes taking traditional daytime classes to complete a bachelor’s degree. Students complete modules as a cohort group over an 18-month period. Admission to the EXCEL program requires separate application. Persons interested should contact the Center for Management Studies.

Students may earn a college minor in accounting by completing AC 241, 242, 341 and 342; BA 252; OA 215 (3); and MA 161. The minor in economics requires EB 211 and 212, MA 161, and twelve additional hours in economics. The minor in entrepreneurial small business requires AC 241, BA 252, BA 362, BA 381, BA 414, BA 431, BA 451, BA 462 and PY 111. The minor in management requires BA 252; EB 211; MA 161; six hours from BA 351, 431 and 451; one course from BA 331, 381 and 421; and three additional hours from BA offerings. The minor in management information systems requires CS 116 (or CS 111 and 117), BA/CS 235, CS 245; AC 241, BA 252, BA 331, and OA 371; OA 215 (3). The minor in marketing requires BA 252, 381, 451, 452, and PY/SO 381; and six hours from CO 211, 331, 341 and 342, AR 101, 141, 241, 271, EN 391, PY 351, or other approved communication arts electives. The minor in not-for-profit management requires AC241, BA 252, BA345, OA 371, RC 416 and two courses from RC 111, RC 221 and RC 411.

AC 241 Principles of Accounting I (3)

Fundamental problems of accounting are taught using modern accounting procedures including theory of debits and credits, inventories, depreciation, revenue, expense, adjusting and closing entries, preparation of financial statements, and partnerships.

AC 242 Principles of Accounting II (3)

A continuation of principles of accounting, including the topics of corporations, stocks and bonds, stockholder’s equity, statement of change of financial position, statement analysis, and managerial accounting. The concepts of automated data processing will be taught and applied. Prerequisite: AC 241 or consent

AC 341 Intermediate Accounting I (4)

A review of financial statements followed by a detailed study of the theory of accounting principles. Included in the course is a study of cash, receivables, inventories, plant assets, current and non-current liabilities, and alternative methods of revenue recognition. Prerequisite: AC 242

AC 342 Intermediate Accounting II (4)

A continuation of intermediate accounting, including equity financing, equity and debt investments, investments in non-current operating assets, taxes, leases, pensions, derivatives, EPS computations, and measures of liquidity and profitability. Prerequisite: AC 341

AC 361 Income Taxes (3)

A comprehensive study of the federal income tax structure as it applies to individuals, partnerships, and corporations, including problems intended to provide a thorough understanding of the laws and regulations as related to taxes. Prerequisite: AC 241

AC 371 Cost Management I (3)

A focus on how cost management enables an organization to identify strategic opportunities and maintain a competitive advantage. Specific topics include the design and use of activity-based costing, managing costs of constrained resources, managing costs with job order systems and process cost systems, and managing quality to create value. Prerequisite: AC 242

AC 372 Cost Management II (3)

A continuation of Cost Management I, including the study of financial modeling, budgeting and financial planning, standard costing, customer and sales performance evaluation, and transfer pricing. Prerequisite: AC 371

AC 441 Advanced Accounting (3)

A study of the business combinations, preparation of consolidated statements, inter-company transactions, subsidiary equity transactions, international accounting standards, foreign currency translation and remeasurement, government and not-for-profit accounting, and partnerships. Prerequisite: AC 341

AC 471 Auditing (3)

A study of financial statements and specialized auditing procedures are analyzed for the various types of assets and liabilities, capital stock, revenues, earnings and expenses. Attention is also given to the auditors working papers, report, and certificate. Prerequisite: AC 341 and junior standing

BA 151 Introduction to Business (3)

This course provides an overview of management as a field of study and introduces the need for efficient management within the business enterprise. It emphasizes skill identification for successful management and helps students assess and develop business organization skills.

BA 252 Business Organization and Management (3)

This course surveys the planning, organizing, directing, and controlling functions within the business enterprise. Additional focus will be placed upon the analysis of management problems and the formulation of corrective policy. Students learn job requirements and career opportunities in business and office occupations and allied fields.

BA 235 Management Information Systems (3)

Concepts and terminology relating to the effective management of information technology. Information systems, applications, development practices, management software, and ethical issues are explored. Identical with CS 235. Prerequisite: CS 111 or 116 or consent

BA 325 Personal Finance (3)

This course will involve students with the considerations of the personal and family economic issues of living, including budgeting and cash flow management, the use of credit and borrowing, auto and home purchasing, most types of insurance, financial planning, tax management, investment planning, real estate, retirement, and estate planning. Prerequisite: BA 252

BA 331 Operations Management (3)

This course analyzes the performance of the managerial activities entailed in selecting, designing, operating, controlling and updating productive systems. Emphasis on understanding the tools needed to assess efficiency is given. An integrative systems approach to analysis is employed. Prerequisite: BA 252 and MA 151 and MA 161

BA 341 Organizational Communication (3)

Principles of communication applied to the organizational context. Topics covered include information flow, organizational structure, leadership styles related to communication, interviewing, and communication problems within organizations. Identical with CO 346. Prerequisite: CO 215 and 246 or consent

BA 345 Not-for-Profit Management (3)

This course is designed to provide an overview of the issues and challenges of managing in the not-for-profit sector. Emphasis is given to the unique nature of not-for-profit organizations, program/service development and evaluation, motivation of staff and volunteers, and marketing to constituent groups. Prerequisite: BA 252

BA 351 Business Law (3)

Legal rights and obligations arising out of common business transactions; fundamental principles of the law of contracts, negotiable instruments, agency bailment, sales, and partnerships are examined. Prerequisite: BA 252 or consent

BA 362 Starting the Entrepreneurial Small Business (3)

This course will include self-evaluation and idea analysis, practice in business plan and needs development, start-up strategies, capital acquisition strategies and discussion of concerns of the entrepreneur regarding human resources, supplier, lender, and customer relations. The classroom experience will be supplemented with entrepreneurs as guest speakers, site visitations, selected readings, case studies, and applicable computer simulations. Prerequisite AC 241 and BA 381 or concurrently

Fall Odd Years

BA 376 Real Estate (3)

This course provides a broad examination of the framework and functions of the real estate business, its importance to the economy, and the marketing, financing, management, and ethical implications of real estate. Students will become familiar with career opportunities in various segments of the real estate business, including investing, sales, brokerage, appraisal, property management, and development. Prerequisite: BA 252

BA 381 Marketing Management (4)

This course surveys the role of modern marketing in today’s society and economy with an emphasis on marketing’s role in the company and the strategic planning process. Target market analysis and marketing mix strategies are also of major importance. Students will be introduced to survey activities. Prerequisite: BA 252 and junior standing or consent

BA 389 Managerial Decision-Making (3)

An examination of decision-making in the business setting. A business simulation will be used to model a practical setting which will require students to integrate prior course work and knowledge, including accounting, financial marketing, economics, operations, and resources information. Prerequisite: junior standing

BA 414 Small Business Financial Management (3)

This course introduces students to the financial and accounting issues needed to run a small business. Students will learn to use computerized accounting software designed especially for the small business as well as learn financial management concepts such as the "time value" of money and capital budgeting. Prerequisite: AC 242

BA 421 Financial Management (4)

This course will survey the goals and functions of valuation and the development of financial tools for analysis and control. It will also encompass an exposure to working-capital management, investment decisions in capital assets, capital structure, and dividend policies. Prerequisite: AC 241, BA 252, and junior standing

BA 431 Human Resource Management (3)

This course presents a modern examination of the principles, policies and problems of manpower management. It addresses the areas of recruitment, placement, compensation and motivation, appraisal and development, and the legal environment surrounding the staffing function. Prerequisite: BA 252 and junior standing

BA 451 Salesmanship (3)

This course is designed to present salesmanship as a basic human activity. Emphasis is given to the presentation of the selling process and the fundamentals of good salesmanship. Salesmanship includes the personal and economic aspects of selling, program promotion, and psychological steps involved in making the sale. Prerequisite: BA 252 or consent

BA 452 Advertising and Promotion (3)

Theories and practices of advertising, sales promotion, and public relations as they relate to the overall marketing programs. Emphasis is placed on promotion mix, decision tools, and legal, social, and ethical considerations. Prerequisites: BA 381 or consent

BA 461 Global Economic and Business Strategy (3)

A study of the global environment facing business. Topics studied include international trade theory, foreign investment, the multinational enterprise and human resource, marketing and production decisions in the international arena. Identical with EB 461. Prerequisites: EB 211 and BA 252

BA 462 Managing the Entrepreneurial Small Business (3)

This course will deal with day-to-day issues facing small business entrepreneurs, including start-up, cash flow and working capital acquisition and management, operating and marketing strategies, topics specifically relating to inventory management, human resources, subordinate compensation, personal compensation, organizational structures, culture, and leadership styles that are appropriate for entrepreneurial small businesses. Other topics discussed include competitive strategies, developing and managing by pro forma budgets, dealing with the stress and pressures, recovery and survival strategies, coping with failure and success. The classroom experience will be supplemented with entrepreneurs as guest speakers, site visitations, selected readings, case studies and applicable computer simulations. Prerequisite: BA 362

BA 481 Business Seminar in Social Issues (3)

This capstone experience for business majors is aimed at stimulating discussion and analysis of the critical issues facing business people today. Christian perspectives on work, wages and management decisions are integrated throughout the semester. A secondary focus of the seminar is an emphasis on career preparation and community service. Prerequisite: Senior standing

BA 490 Independent Study (1-4)

A study of various aspects of business, the subject area of which will be determined by the instructor according to student interest. Prerequisite: Consent

BA 495 Internship (3-4)

A field experience in business which provides an opportunity for the student to apply theoretical knowledge in a practical setting. Students will engage in career development activities as they search for internship opportunities, assisted by the department. Prerequisite: Junior standing and consent

EB 211 Principles of Economics I (3)

An introduction to macroeconomic principles, including current problems and practices in various economic systems. Economic institutions and processes necessary for the individual as citizen, housekeeper, wage earner, taxpayer and user of credit will be analyzed.

EB 212 Principles of Economics II (3)

A continuation of principles of economics with an emphasis on microeconomic principles which include price system theory of the firm, monopoly and distribution of personal income. Prerequisite: EB 211

EB 321 Public Finance (3)

A study of the political economy with a focus on fiscal institutions, taxation, government spending and the federal budget. The application of social controls to economics and the regulation of economic controls by government are reviewed. Identical with PS 321. Prerequisite: EB 211

EB 324 Geography of the Contemporary World (3)

A study and analysis of the political, economic, and cultural aspects of the geography of the contemporary world from a developmental perspective. Attention will be given to theoretical and practical issues such as the relationship of people to the environment and the political and economic constraints on development and power in the context of the modern nation state system since 1945. Identical with HS/PS 324.

EB 331 Labor Economics (3)

An analysis of labor markets as major and unique factor markets, emphasizing the supply and allocation of labor, the incidence of unemployment, the determination of wages and the effects of unionism. Prerequisite: EB 211

EB 381 Money and Banking (3)

An analysis of monetary policy and the institutions of the financial sector of the economy. The commercial banking industry, financial markets, the Federal Reserve System, monetary theory and policy issues are studied. Prerequisite: EB 211

EB 413 The City (3)

This course examines the structure, functions, processes and change involved in rural and urban communities. The changing ecological patterns of communities are examined in conjunction with problems of urbanization. Identical with SO 413. Prerequisite: SO 111

EB 421 Population Studies (3)

This course will examine the trends and changes in world population, its composition and distribution, population movements, issues involving quality of life, and approaches used by various nations in dealing with population problems. Identical with SO 421. Prerequisite: SO 111

EB 461 Global Economic and Business Strategy (3)

A study of the global environment facing business. Topics studied include international trade theory, foreign investment, the multinational enterprise and human resource, marketing and production decisions in the international arena. Identical with BA 461. Prerequisites: EB 211 and BA 252

OA 114 Keyboarding Applications (3)

A course focusing on the use and application of keyboarding skills. This multi-level course serves both the beginner and advanced keyboarding that focuses on the improvement of individual abilities. Course may be taken twice by business education majors.

OA 215 Business Software Applications (1,1,1,1,1)

Each of these software application topics will be taught in seven-week modules. Emphasis is placed on practical applications. Students in areas outside of business are encouraged to elect modules that may be of interest. In Word Processing, commonly used commands are introduced and document creating, saving, editing, formatting, and printing will be studied. In Spreadsheet, the nature and use of spreadsheets to make calculations, create graphics, and execute macros are introduced. In Database, students learn to create a database structure and to add or update records, generate reports, use custom screens, and create mailing labels. In Computer Graphics, students learn to produce professional presentations for overhead transparencies, slides, or projection devices. In Web Page Design, students learn to use web page design software to create and publish web pages. Meets three periods per week. Prerequisite: OA 111 or demonstrated proficiency in keyboarding as a touch typist

OA 254 Principles of Office Administration (3)

Fundamentals of effective office management, including problem solving, productivity, human resources, office services, information technology, records management, and expected professional standards of conduct and appearance necessary to work successfully in the business environment.

OA 371 Business Communications (3)

A study of effective communication techniques as they apply to topics such as business letters, employment messages, electronic communications, proposals and reports, visual aids, business presentations and meetings, and news releases. Prerequisite: EN 121 or 112

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