University of Nebraska at Kearney
College of Business and Technology

1994-96 UNK Undergraduate Catalog

Department of Accounting/Finance

Courses (BACC)

250. Beginning Accounting I - 3 hours

Development of fundamental procedures and accounting theory. F, SP.

251. Beginning Accounting II - 3 hours

Prerequisite: BACC 250. Continuation of the basic accounting cycle with particular attention given to development of special procedures for control, partnerships and corporations. F, SP.

301. Managerial Accounting - 3 hours

Not open to accounting majors. Prerequisite: BACC 251. An analytical investigation and discussion of the adaptation of financial accounting data for internal management purposes. Focus will be on four essential aspects of reporting accounting data: cost determination, cost control, performance evaluation and financial information for planning and special decisions.

311. Business Law - 3 hours

A Study of the legal environment of business including an introduction to legal theory, the court system, torts, contracts, government regulation and property law. F, SP.

312. Commercial Law - 3 hours

Prerequisite: BACC 311. A study of the Uniform Commercial Code (including sales, commercial paper, secured transactions), credit/debtor relationships, agency law, and business entities. F, SP.

350. Intermediate Accounting I - 3 hours

Prerequisite: BACC 251. An in-depth study of basic accounting principles, financial statements, and current and noncurrent assets. F, SP.

351. Intermediate Accounting II - 3 hours

Prerequisite: BACC 350. Problems relating to current and noncurrent liabilities, stockholdersÌ equity, and analytical processes. F, SP.

352. Cost Accounting - 3 hours

Prerequisite: BACC 251. Cost accounting for manufacturing concerns with special emphasis on managerial decisions as well as on unit and process costs. F, SP.

391. Accounting Information Systems - 3 hours

Prerequisite: BACC 251. The design, use, and control of computerized information systems with applications relating to specific accounting transaction cycles. F.

399. Business Apprenticeship Program - 3 hours

The Business Apprenticeship Program is designed to provide students with a variety of experiences which will facilitate competency in their chosen field of study. Students who plan to teach will assist faculty members in preparing bibliographies, research, translations, aiding classroom discussions, preparing special lectures and programs, and grading and preparing examinations. Must be approved by Department Chair. F, SP.

412/812P. Employment Law - 3 hours

A study of labor relations law and legislation, equal employment opportunity, and other aspects of employment law including OSHA, ERISA, the Fair Labor Standards Act, employer drug testing, wrongful discharge and other common law employment issues. SP.

451/851P. Tax Accounting - 3 hours

Prerequisite: BACC 251. Background of income tax law and acquaintanceship with individual income tax law, regulations and filing procedures for individuals. F, SP.

452/852P. Advanced Tax Accounting - 3 hours

Prerequisite: BACC 451. Taxation of partnerships, corporations, and advanced topics in individual income taxation. F, SP.

453/853P. Advanced Accounting I - 3 hours

Prerequisites: BACC 351. Special accounting topics relating primarily to the preparation of consolidated financial statements for accounting entities in a parent-subsidiary relationship. Other topics include branch accounting, interim reporting and segmental data, and the Securities and Exchange Commission. F.

454/854P. Advanced Accounting II - 3 hours

Prerequisite: BACC 351. Accounting for partnerships, governmental and not-for-profit organizations, multinational transactions, and translation of financial statements of a foreign investee. SP.

463/863P. Advanced Cost Accounting - 3 hours

Prerequisite: BACC 352 and BMGT 233. Variable costs, analysis and control, and internal profit reporting. SP.

465/865P. Governmental/Non-Profit Accounting - 3 hours

Prerequisite: BACC 251. Accounting and financial reporting for local governments, colleges, and universities, health care organizations, voluntary health and welfare organizations, and certain other nonprofit organizations. SP.

470/870P. Auditing - 3 hours

Prerequisite: BACC 351. Duties and responsibilities of auditors, how to conduct audits, preparation of audit reports and special auditing problems. F.

471/871P. Advanced Auditing - 3 hours

Prerequisite: BACC 470. The practical application of auditing standards and procedures, and procedures in examining financial statements and verifying underling data. A practice set is required. SP.

472/872P. C.P.A./C.M.A. Problems - 3 hours

Senior standing and accounting emphasis students only. This course is designed specifically to review content area normally covered on the C.P.A. and C.M.A. exams including practice, auditing, financial and managerial accounting, theory, taxation, and business law. Problem solving and the C.P.A./C.M.A. exam format will be stressed. Credit/no credit only.

499. Special Problems in Business - 3 hours

Permission of instructor is required. Independent investigations of business problems. Topics to be investigated may be tailored to meet the needs of the student. A case study course designed to integrate the knowledge acquired in other courses in business administration, and to emphasize analysis and decision-making. Must be approved by Department Chair. F, SP.

Courses (BFIN)

308. Principles of Finance - 3 hours

Prerequisites: BACC 251 and ECON 271.Concepts of firm valuation and capital budgeting, capital structure and cost of capital, and analysis of financial statements. F, SP.

316. Insurance - 3 hours

An introduction to risk and risk management as they pertain to most types of personal insurance situations. F.

317. Property and Liability Insurance - 3 hours

Prerequisite: BFIN 316 An analysis of the principal property and liability insurance contracts primarily from the multiple-line view. SP.

344. Real Estate Principles - 3 hours

A basic study of real estate. Interests and transactions including marketing, financing, appraising and law. F.

345. Real Estate Brokerage - 3 hours

Prerequisite: BFIN 344. A study of the factors necessary for the establishment and efficient management of a sales and brokerage business, including discussion of salesperson-broker relations, marketing professional services, and ethical responsibilities. This course is approved by the Nebraska Real Estate Commission. SP.

399. Business Apprenticeship Program - 1-4 hours

The Business Apprenticeship Program is designed to provide students with a variety of experiences which will facilitate competency in their chosen field of study. Students who plan to teach will assist faculty members in preparing bibliographies, research, translations, aiding classroom discussions, preparing special lectures and programs, and grading and preparing examinations. Must be approved by Department Chair. F, SP.

408. Corporate Finance - 3 hours

Prerequisite: BFIN 308. The study of financial management concepts with an emphasis on the theory and practical application of the investment and financing decision-making processes. F, SP.

422. Financial Institutions - 3 hours

Prerequisite: BFIN 408. The management of commercial bank and non-bank institutions with an emphasis on the lending and investing practices of these institutions. SP.

445/845P. Real Estate Finance - 3 hours

Prerequisite: BFIN 344. A detailed analysis of the methods and techniques of financing real estate. Policies and legal requirements are covered. This course is approved by the Nebraska Real Estate Commission. F.

446/846P. Real Estate Appraisal - 3 hours

Prerequisite: BFIN 344. A study of the methods and techniques of appraising including the economic, financial, investment, and market data required for real property valuation. This course is approved by the Nebraska Real Estate Commission. F.

447. Real Estate Law - 3 hours

Prerequisite: BFIN 344. A study of legal principles governing transactions/legal interests in real estate including the acquisition, encumbrance, transfer, rights and obligations of parties, and selected state/federal statutes and court decisions. This course is approved by the Nebraska Real Estate Commission. SP.

448. Real Estate Property Management - 3 hours

Prerequisite: BFIN 344. A study of the management of income-producing real estate including leases, contracts, merchandising, tenant selection, relationships between owners and tenants, collections, maintenance, accounting, ethics, and legal and professional issues. This course is approved by the Nebraska Real Estate Commission.

449. Real Estate Investments - 3 hours

Prerequisite: BFIN 344. A detailed study of the financial planning that should precede investments in real estate, including discussion of net operating income, financial ratios, present worth and tax implications. This course is approved by the Nebraska Real Estate Commission.

475/875P. Short-Term Financial Management - 3 hours

Prerequisite: BFIN 308. The purpose of this course is to familiarize students with the principles and techniques of working capital analysis and management. Topics include inventory, accounts receivable and cash systems management, credit and collection systems, and payables and short-term financing analysis and management.

480/880P. Investments - 3 hours

Prerequisite: BFIN 308. Theory and analysis of investment vehicles including stocks, bonds and money market investments. Analysis of portfolio construction. F.

482/882P. Case Studies in Financial Management - 3 hours

Prerequisites: BFIN 408 and BFIN 480. Financial analysis and decision-making using advanced case studies of business and some specialized organizations. F, SP.

499. Special Problems in Business - 3 hours

Permission of instructor is required. Independent investigations of business problems. Topics to be investigated may be tailored to meet the needs of the student. A case study course designed to integrate the knowledge acquired in other courses in business administration, and to emphasize analysis and decision-making. Must be approved by Department Chair. F, SP.