Business Administration Course Descriptions

AD112 Accounting for Decision Making I

     An introduction to business through the lens of financial and managerial
     accounting—an information processing system that communicates relevant
     data regarding business entities to internal and external decision
     makers. Emphasizes the basic concepts, principles, and techniques for decision makers to
     interpret and use accounting system information within all functional areas of business
     and the use of information systems generally within organizations. Offered each semester.

I200 Introduction to Risk Management and Insurance

     Exploration of behavior under uncertainty. Overview of personal and corporate
     exposure to risk. Examination of tools used to manage risk. Investigation of current
     topics in Risk Management and Insurance. Offered each semester.

AD212 Accounting for DecisionMaking II

     Continuation of an introduction to business through the lens of financial and
     managerial accounting—an information processing system that communicates
     relevant data regarding business entities to internal and external decision makers.
     Emphasizes the basic concepts, principles, and techniques for decision makers to
     interpret and use accounting system information within all functional area of business,
     and the use of information systems generally within organizations.
     Prerequisite: AD112. Offered each semester.

AD218 Accounting Information Systems

     An introduction to the design, development, and implementation of manual and
     computer-based accounting information systems, with an internal control emphasis.
     Prerequisite: AD112. Offered each spring.

AD270/I270 Special Topics

     Courses treating specialized topics in accounting business, or risk management.
     Two or more may be taken concurrently or repeated for credit if the topic matter is different.
     Offered occasionally.
     Note: Successful completion of all foundation course requirements or consent of department
     chair is a prerequisite to all 300-400 level AD and I courses unless the student is
     minoring in a business field or is required to take one of these courses in a major outside
     the department.

AD280 Business and Society

      A study of the business organization as part of a complex socio-economic system.
     Emphasis on major problem areas associated with relations between the firm and
     multiple publics, e.g., consumers, employees, government, owners. Focus on
     strategically managing competing interests within constraints of social
     responsiveness. Open to junior and senior business and non business majors. Offered
     occasionally.

I300 Seminar in Finance

     In-depth study of selected topics in finance. Topics vary
     according to student and faculty interests.May be repeated for credit if the topic matter is
     different. Prerequisite: AD 303. Offered annually.

I303 Financial Management

     Nature and functions of finance, financial management, and relevant markets
     and institutions. Topics include financial analysis, time value of money,
     valuation, capital structure, and international issues. Offered each semester.

I304 RiskManagement and Property/Liability Insurance Seminar

     In-depth study of managing organizations’ and individuals’ exposure to property
     damage and legal liability. Analysis of issues in social and financial policy related
     to risk management and insurance, especially issues of government regulation.
     Prerequisite: I200. Offered annually.

I307 Life/Health/Social Insurance

     Examination of public and private provision of protection against life span and health
     uncertainty. Focus on contemporary public policy issues, including health care reform
     and Social Security. Prerequisite: I200. Offered annually.

I309 Investments

     Principles of security analysis, valuation, and formulation of investment policy. Includes
     study of stocks, bonds, futures, options, mutual funds, and portfolio management.
     Open to juniors and seniors only. Prerequisite: AD303. Offered each semester.

AD315 Tax Accounting

    Individual tax procedures and an introduction to corporation
    and partnership taxation. Prerequisite: AD212. Offered each fall.

AD316 Accounting and Auditing Concepts and Theory

    The presentation of the traditional framework of financial accounting, including
    such topics as principles of revenue recognition and asset valuation; surveys
    the role of audits in market economies, including such topics as legal liability and
    materiality; contrasts the uses of financial and internal accounting, discussing such
    topics as the use of current cost information and the analysis of the overall value-chain.
    Prerequisite: AD 212 and concurrent enrollment in AD319. Offered each fall.

AD317 Specialized Topics in Financial Reporting

    Theory and problems related to stockholders’ equity, dilutive securities, investments income
    determination, preparation and analysis of financial statements and other selected topics.
    Prerequisite: grade of C- or higher in AD316. Offered each spring.

AD318 Accounting and Auditing Processes (W)

    The presentation of a number of systems and auditing topics, structured primarily around
    transaction cycles; offers an over-view of information systems from an accounting perspective and
    covers such auditing subjects as internal controls and statistical sampling. Prerequisite:
    AD316.Offered each spring.

AD319 Cost Management

    The course emphasizes the role of cost information in
    assistingmanagers in designing and implementing firms’ strategic plans; adopts a decision-
    oriented approach to such cost topics as budgeting, variances, controls, and cost
    allocations. Prerequisite: AD211 and concurrent enrollment in AD316. Offered each fall.

AD331 Marketing: Principles and Management

    Functions and activities of the consumer, retailer, and wholesaler. Consideration of development of
    marketing programs including product planning, marketing communications, and pricing policies.
    Offered each semester.

AD332 Marketing in Services Industries and Not-for-Profit Organizations

    Marketing problems and strategies in service organizations, including retailers, hospitals,
    not-for-profit agencies, banking and arts organizations. Prerequisites: AD331 or Arts
    Management/Human Services Management minor or consent of instructor. Offered
    annually.

AD333 Marketing Channels (W)

    Course centers on the product and service distribution process and on intermediaries between
    manufacturer and customer. Theoretical concepts of marketing channels, as well as their evolution,
    structure, and management in both a local and national context are covered. Topics include various
    forms of retailing and wholesaling, such as department stores, restaurants, groceries, and
    franchises. Global dimensions are stressed since distribution is a major strength of the
    U.S. marketplace, where the U.S. still serves as a model for the rest of the world. Prerequisite:
    AD331. Offered annually.

BUS 334 Marketing and Social Responsibility

    Covers the current and historical ethical, regulatory and legal issues of marketing. Topic areas
    also include corporate responsibility and consumer responsibility. Prerequisite: 331. Offered every     third semester.

BUS 335 Consumer Behavior

     Application of social psychology to consumption situations. Situations include buying, selling, se
     and disposal of goods and services. Topics include attitudes, perception, decision making and
     internal and external influences on consumer behavior. Prerequisite: 331.

AD339 Seminar in Marketing

     In-depth study of selected topics in marketing. Topics vary according to student and faculty
     interests.May be repeated for credit if the topic matter is different. Prerequisite: AD 331 or consent
    of department head. Offered annually.

AD341 Organization and Management

     An introduction to organization theory and fundamental considerations of planning, organizing,
    and controlling organizations. Focus is on theories of motivation, perception, communication, decision
    making, group behavior, leadership, control tools, and change as they relate to the practicing manager in
    business, government, hospitals, and schools. Offered each semester.

AD342 Production/Operations Management

     The addressing of the production problems of manufacturing and service industries competing in domestic
     and international markets. Topic areas include production technology, capacity planning, facility
    location/layout, production scheduling, inventory systems, and quality control. Quantitative methods
    and analytical techniques are emphasized through problem solving. Site visits will be scheduled during
     some class hours; students are responsible for their own local transportation. Open to juniors and seniors only.
    Offered occasionally.

AD344 Human Resources Management

    The role of human resources management and its effects on individuals as managers or employees.
    Case studies are used extensively. Individual and group behavior are investigated. Offered annually.

AD 349 Seminar in Management

    In-depth study of selected topics in management. Topics vary according to student and faculty interests.
    May be repeated for credit if the topic matter is different. Prerequisite: AD 341 or consent of department head.
    Offered annually.

AD355 Business Law I (Legal Environment) (W)

    Nature of law and courts; international law; crimes and torts; administrative law; wills, trusts and estates;
     insurance law; antitrust law; landlord/tenant relationships. Introduction to contracts, sales, commercial
    paper, secured transactions. Open to juniors and seniors only. Offered each semester.

AD356 Business Law II

    Detailed coverage of topics introduced in AD355 with additional focus on the law of organizations. Other topics
     covered are appropriate for those planning to sit for the CPA examination, such as professional responsibility, ethics,
    duties and liabilities. Prerequisite: AD355. Offered each spring.

AD370/I370 Special Topics

    Courses treating specialized topics in accounting, business, or risk management at an advanced level. Two or
     more may be taken concurrently or repeated for credit if the topic matter is different. Prerequisite will depend on
    topic. Offered occasionally.

I408 Seminar in Risk Management and Insurance

In-depth analysis of advanced topics in risk management and insurance. Topics and assignments vary, with
emphasis on current problems of national and international significance. Prerequisite: I304 or I307.
Offered annually.

I409 Portfolio Management

Advanced study of investment research, security analysis, and portfolio performance analysis. Students manage
a “real dollar” portfolio, proceeds from which are used to provide scholarships for IWU students. Prerequisites:
I309 or AD303 and consent of instructor. Offered each semester.

AD416 Advanced Accounting

Accounting theory applicable to consolidations, partnership organization and operation, liquidation and joint ventures.
Prerequisite: AD317. Offered each spring.

AD417 Accounting Theory and Practice I

Intensive study of a range of topics including but not limited to governmental, non-profit and fund accounting, corporate taxation, capital budgeting, and stock warrants and rights. Prerequisites: AD 315, 317, 318, 319, 356. Corequisite: AD 418.
Offered each spring.

AD418 Accounting Theory and Practice II

Advanced study of a range of topics, including, but not limited to, professional and ethical responsibilities of
accountants; law of trusts, wills, and estates; and auditing problems. Prerequisites: AD 315, 317, 318, 319,356. Corequisite: AD 417. Offered each spring.

AD451 International Business (G)

Organizational alternatives, trade policies and trading areas, influence of economic nationalism, international monetary system and finance, international competitiveness,  and problems of less-developed countries. Open to juniors and seniors only. Offered annually.

AD455 Independent Study

Individual study directed toward a specific topic. Prerequisite: consent of department chair Offered each semester and May Term.

AD490 Strategy and Policy

A capstone course which applies major functional areas and tools to critical current and future issues. Focuses on strategic management and its role in positioning organizations, profit or not-for-profit, to address internal capabilities and external opportunities. Prerequisites: business administration, accounting, international business or risk management major; senior standing; AD 303, 331, and 341 or consent of department head. Offered each semester.