SCHOOL OF BUSINESS

Dean: Dr. M. Barry O’Brien

Associate Dean: Dr. Robert T. Barrett Faculty: Aniello, E. Arroyo, Barrett, Bilbrey, Campbell, Carpenter, Coker, Covington, Croteau, B. David, F. David, Dittman, Franck, Holsenback, M. Hughes, B. Johnson, Kyer, Lawrimore, O’Brien, J. Pompe, Pugh, Riley, Shin, A. Smith, Stokes, Theuner, D. Von Frank

VISION STATEMENT

The School of Business at Francis Marion University strives to provide the highest quality baccalaureate and master’s degree business programs offered at a small, comprehensive university in the southeastern United States.

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MISSION STATEMENT

Accredited at both the graduate and undergraduate levels, the School of Business at Francis Marion University has a mission of teaching, research, and service. Nearly our entire faculty holds a doctorate in the area in which they teach. Our small classroom environment promotes interaction among students and faculty. We teach students to think logically, communicate effectively, develop an understanding and appreciation of the global business environment, and be guided by high ethical standards. Our students develop conceptual and analytical skills needed to be successful leaders in both private and public institutions. Our internship program and placement efforts actively assist students in finding meaningful jobs. Our faculty conducts research and service activities that enhance the region’s economic and industrial development. Most of our undergraduate students major in management, marketing, accounting, finance, business economics, management information systems, or general business and earn a Bachelor of Business Administration degree. Other School of Business students major in economics or computer science and receive a Bachelor of Arts or Bachelor of Science degree. Our graduate students receive a Master of Business Administration degree and may become certified in Health Management. The School of Business seeks students locally and globally of all ages and ethnic backgrounds and serves them in a friendly, considerate manner.

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OBJECTIVES

Within this mission, the School of Business recognizes three primary objectives:

1. To provide, through a comprehensive program, broad educational experiences sufficient to prepare students for meaningful and responsive leadership roles in private and/or public institutions.

2. To conduct research appropriate to support the teaching mission of the school and University.

3. To sponsor and conduct service activities that enhances the community’s economic and industrial development.

The School of Business offers programs which lead to the following degrees:

Bachelor of Business Administration

Bachelor of Arts in Economics

Bachelor of Science in Economics

Bachelor of Science in Computer Science

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BACHELOR OF BUSINESS ADMINISTRATION PROGRAM

The degree of Bachelor of Business Administration (B.B.A.) offers a major in accounting, business economics, management information systems, finance, general business, management, or marketing.

Students seeking a B.B.A. degree must make formal application to the School of Business for admission to the Bachelor of Business Administration Program prior to taking 300 and 400 level business courses. Application for admission should be filed during the semester in which 36 hours of general education credit and Accounting 201, 202, Business 150, 205, Economics 203, and 204 are completed. Students must have a GPA of 2.0 or higher in these courses or have permission of the school to enroll in 300 or 400 level courses.

As a requirement for graduation with a Bachelor of Business Administration, a student must have

1. Attained an overall GPA of 2.0 or higher in all courses taken at the University, a GPA of 2.0 or higher in the courses taken in the Department of Business Administration and Economics, and a GPA of 2.0 or higher in major courses.

2. Completed the program assessment examination required in all majors in the School of Business.

3. Completed at Francis Marion University at least 50 percent of the business credit hours required for the B.B.A. degree.

All students seeking the Bachelor of Business Administration degree must complete the following:

 

1. General Education Requirements Includes requirement of Mathematics 140 (or 201) and Economics 203 and 204

51 hours

2. Additional hours of electives outside the functional business areas of Accounting, MIS, Finance, Marketing, and Management

15 hours

3. Common Business Core Requirements:

36 hours

a) Business Function and Operations

9 hours

BUS 150 Fundamentals of Business

3

MKT 331 Principles of Marketing

3

FIN 341 Financial Management

3

b) Legal and Social, Ethical and Political

3 hours

BUS 206 Legal & Social Environ. of Business ECON 203 Introduction to Microeconomics (In General Education) ECON 204 Introduction to Macroeconomics (In General Education) POL 101 United States Government or POL 103 Introduction to Political Science (In General Education)

3 hours

c) Accounting, Management Information Systems, and Quantitative Methods

15 hours

ACTG 201 Financial Accounting

3

ACTG 202 Managerial Accounting

3

BUS 205 Statistical Methods for Economics and Business CS 150 Microcomputers & Software Applications I (In General Education)

3

MIS 327 Information Systems Fundamentals

3

MGT 308 Management Science and Operations Management

3

d) Organization Theory, Behavior, and Interpersonal Communications

6 hours

MGT 351 Management of Organizations

3

ENG 305 Business Writing SPCO 101 Basics of Oral Communication (In General Education)

3

e) Administrative Process and Policy

3 hours

BUS 458 Strategic Management

3

4. Major Requirements

18 to 27 hours

a) Accounting

27 hours

ACTG 320 Accounting Information Systems

3

ACTG 323 Financial Reporting I

3

ACTG 324 Financial Reporting II

3

ACTG 325 Cost Accounting

3

ACTG 328 Federal Taxation I

3

ACTG 421 Concepts of Auditing

3

ACTG 422 Financial Reporting III

3

ACTG 423 Accounting for Governmental and Not-for-Profit Organizations

3

or

 

ACTG 424 Accounting Theory and Practice

3

or

 

ACTG 428 Federal Taxation II

3

or

 

ACTG 429 Tax Research

3

School Elective

3

Total Required Hours

129

Each applicant for the Certified Public Accountant (CPA) examination in South Carolina must hold a baccalaureate degree and a minimum of 150 semester hours from a college or university recognized by the South Carolina Board of Accountancy.

The 150 hours must include a minimum of 30 hours in accounting and 24 hours in administration courses other than accounting courses. Individuals planning to sit for professional accountancy exams, including graduates of other institutions, should consult with an accounting adviser to prepare a plan for acquiring the necessary courses and hours of credit.

b) Management

18 hours

MGT 353 Human Resource Management

3

MGT 355 Production and Operations Management

3

MGT 454 Entrepreneurship and Small Business Management

3

MGT 451 Organizational Behavior

3

MGT Elective

3

School Elective

3

Total Required Hours

120

c) Marketing

18 hours

MKT 333 Marketing Research

3

MKT 334 Consumer Behavior

3

MKT 335 International Marketing

3

MKT 432 Marketing Management

3

MKT Elective

3

School Elective

3

Total Required Hours

120

d) Finance

21 hours

ACTG 323 Financial Reporting I or ACTG 325 Cost Accounting

3

ECON 310 Intermediate Microeconomic Theory or ECON 321 Money and Banking

3

FIN 347 Investments I

3

FIN 348 Investments II

3

FIN 442 Advanced Corporate Finance

3

FIN 443 Financial Institutions and Markets

3

FIN 450 Cash Management

3

Total Required Hours

123

e) Business Economics

18 hours

ECON 310 Intermediate Microeconomic Theory

3

ECON 320 Intermediate Macroeconomic Theory

3

ECON 321 Money and Banking

3

ECON 325 International Economics

3

ECON 450 Senior Seminar in Economics

3

School Elective

3

Total Required Hours

120

f) Management Information Systems

21 hours

MIS 225 Modern Programming

3

MIS 337 Business Systems Analysis and Design

3

MIS 347 Business Data Communications

3

MIS 447 Data Base Management

3

MIS 467 E-Commerce II

3

MIS 477 Special Topics in Information Systems

3

School or CS Elective (MIS 377)

3

Total Required Hours

123

g) General Business

18 hours

MKT 333 or MKT 334 or MKT 335

3

Any 300 or 400 Management course (except MGT 308 or MGT 351)

3

Any 300 or 400 level Finance course (except Finance 341)

3

ECON 310 Intermediate Microeconomics

3

School Electives (Accounting, Economics, Finance, Management, Management Information Systems, Marketing

6

Total Required Hours

120

5.Total B.B.A. Requirements

120 to 129 hours

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MINOR

A minor is business consists of BUS 150, ACTG 201, and ECON 203 plus nine additional hours which must be selected from:

 

MIS 327

 Information Systems Fundamentals

ECON 310

 Intermediate Microeconomic Theory

ECON 325

 International Economics

FIN 246

 Investments and Personal Finance

FIN 366

 Principles of Real Estate

MGT 351

 Management of Organizations

MKT 331

 Principles of Marketing

MKT 335

 International Marketing

The prerequisites for these courses must be met. Students minoring in Business must declare their minor with the Dean of the School of Business before taking 300-level business courses.

Minors must have a 2.0 GPA in the 6 courses taken as their minor.

COLLATERAL

No collateral in the Bachelor of Business Administration Program is offered.

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FOUR-YEAR PLAN FOR ACCOUNTING MAJORS

Freshman Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

Art 101, Mu 101, or Thea 101

3

English 200

3

Math 111

3

Math 140

3

English 112

3

Computer Science 150

3

BUS 150

3

Pol Science 101 or 103

3

Science and Lab

4

Science and Lab

4

Total Credits

16

Total Credits

16

Sophomore Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

ACTG 201

3

ACTG 202

3

ECON 203

3

ECON 204

3

BUS 205

3

BUS 206

3

SPCO 101

3

Literature

3

Science and Lab

4

History

3

Total Credits

16

Total Credits

15

Apply for admission to the BBA program after accumulation of 55 hours.

Plan Junior and Senior courses carefully - the courses are not offered every semester.

Junior Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

Non-Bus Elec

3

Non-Bus Elec

3

ENG 305

3

ACTG 324

3

ACTG 320

3

ACTG 325

3

ACTG 323

3

MGT 308

3

MIS 327

3

MGT 351

3

Total Credits

15

Total Credits

15

Senior Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

ACTG 421

3

BUS 458

3

ACTG 422

3

ACTG Elec 423, 424, 428, or 429

3

ACTG 427

3

BUS Elec: ACTG 423*, 424*, FIN 341 3 428*, or 429*, or BUS 306

3

MKT 331

3

Humanities Elec

3

 

 

Non-Bus Elec

3

Total Credits

15

Total Credits

15

Additional 6 hours of Non-Business Electives are required and may be taken anytime.

Total Hours Required for Degree 129

*May be taken as an ACTG elective or as a BUS elective but not as both.

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ACCOUNTING COURSES (ACTG)

Coordinator: Dr. Carolyn R. Stokes

201 Financial Accounting (3) (Prerequisite: Math 111 or higher, CS 150) F, S, SU. The conceptual approach to financial accounting. The income statement, retained earnings statement, balance sheet, and cash flow statement are studied with emphasis placed on an understanding of the underlying assumptions, theories, and concepts, as well as a thorough understanding of the basic accounting equation.

202 Managerial Accounting (3) (Prerequisite: 201) F, S, SU. Introduces the planning and control aspects of internal accounting. Topics include cost systems, cost behavior, direct costing, capital budgeting, decentralized operations, relevant costs, operations budgeting, differential cost, and variance analysis.

320 Accounting Information Systems (3) (Prerequisite: 202) F, SU. An introduction to the design and implementation of a systematic structure for providing information for decision making for both management and others interested in an organizations’ operations. It includes data gathering, processing, preparing reports, and controls over the operations or the organization. It includes both manual and computerized systems with emphasis on internal controls.

323 Financial Reporting I (3) (Prerequisite: 202 with grade of C or higher) F, SU. Reviews the accounting cycle, discusses the conceptual framework as a basis for accounting theory, and provides an indepth study of GAAP in relation to preparation of the financial statements. Topics include the time value of money and accounting for current (and non-current) assets.

324 Financial Reporting II (3) (Prerequisite: 323 with grade of C or higher) S, SU. This course provides an in-depth study of GAAP in relation to preparation of the financial statements, including (1) accounting for current (and non-current) liabilities and stockholders’ equity and (2) calculating EPS. Special topics including accounting for investments, income taxes, pensions, and leases.

325 Cost Accounting (3) (Prerequisite: 202 with grade of C or higher) S, SU. The planning, control, and decision aspects of internal accounting. Topics include cost accumulation and assignment, decentralized operations, and performance measurements.

328 Federal Taxation I (3) (Prerequisite: 202 with a grade of C or higher or permission of the school) F. Emphasizes the study of individual income taxation. Major topics revolve around the determination of taxable income, including filing status, gross income and exclusions, deductions, gains and losses. Other areas of study include the federal tax system and tax research.

421 Concepts of Auditing (3) (Prerequisite: 320, 324 with grade of C or higher and Management 308) F. The various concepts and techniques used to verify the amounts reported on the financial statement are covered, as well as the auditor’s report, the concept of internal control, and the code of ethics.

422 Financial Reporting III (3) (Prerequisite: 324 with grade of C or higher) F. An in-depth study in specific accounting issues associated with the preparation of financial statements (e.g., business combinations, consolidated statements and international operations) and some work in not-for-profit financial reporting (e.g., governmental fund accounting).

423 Accounting for Governmental and Not-for-Profit Organizations (3) (Prerequisites: 323 and 324) An in-depth study of the financial accounting and reporting requirements and methods for state and local governments. Also the unique accounting and reporting practices of hospitals, academic institutions, human service organizations, and other non-business organizations are surveyed.

424 Accounting Theory and Practice (3) (Prerequisite: 324 with grade of C or higher) S. Study of the concepts and principles underlying the procedures and methods used in accounting. Also includes discussion of governmental and not-for-profit accounting.

428 Federal Taxation II (3) (Prerequisite: 328 with a grade of C or higher or permission of the school) S. Generally emphasizes the study of business income taxation. More specifically, it focuses on the application of federal law within the context of the income taxation of (a) regular “C” corporations and their shareholders, (b) “S” corporations and their shareholders and (c) partnerships and their partners. Topics include the income tax consequences of the formation, operation, consolidation, and termination of business entities.

429 Tax Research (3) (Prerequisites: 328 or permission of the school) F. Focuses on applied research in Federal taxation. It examines (1) primary sources of the tax law (e.g., the Internal Revenue Code, Treasury Regulations and Supreme Court rulings) and (2) various tax research methodologies. It includes practical written assignments that (a) require application of specific primary sources and (b) must be completed using state-of-the-art, on-line, tax research databases to locate and interpret primary source materials.

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FOUR YEAR PLAN FOR GENERAL BUSINESS MAJORS

Freshman

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

English 112

3

English 200

3

Math 111

3

Math 140

3

Pol Science 101 or 103

3

Computer Science 150

3

BUS 150

3

Science *

4

Science *

3

History

3

Total Credits

15

Total Credits

16

Sophomore Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

ACTG 201

3

ACTG 202

3

ECON 203

3

ECON 204

3

BUS 205

3

BUS 206

3

SPCO 101

3

Literature

3

Science *

4

Science *

4

Total Credits

16

Total Credits

16

Apply for admission to the BBA program after accumulation of 55 hours

Plan Junior and Senior courses carefully - the courses are not offered every semester.

Junior Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

Art 101, Music 101 or Theatre 101

3

FIN 341

3

MKT 331

3

MKT 432

3

MGT 351

3

Elec

3

MGT 308

3

Humanities Elec

3

English 305

3

MIS 327

3

Total Credits

15

Total Credits

15

Senior Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

Any upper level Finance course (except FIN 341)

3

BUS 458

3

Any 300 or 400 level Management course(except MGT 308 or MGT 351)

3

Elec

3

ECON 310

3

Bus Elec

3

Elec

3

Bus Elec

3

Humanities Elec

3

 

 

Total Credits

15

Total Credits

12

Total Hours Required for Degree 120

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BUSINESS COURSES (BUS)

Coordinator: Dr. Robert T. Barrett

150 Fundamentals of Business (3) F, S, SU. Introduces the fundamental functions and activities of modern business organizations. Topics include: an overview of the economic system, accounting and record keeping, marketing, management, finance, information systems, legal issues, business ethics, and international business. In addition, careers in business and entrepreneurship are considered.

205 Statistical Methods for Economics and Business (3) (Prerequisite: Mathematics 140) F, S, SU, Covers basic statistical concepts and methodology including probability theory with emphasis on the normal and binomial distributions, confidence intervals, tests of hypotheses, and simple linear regression analysis. Use of computer software to solve problems.

206 Legal and Social Environment of Business (3) F, S, SU. Study of the legal environment of business in general with emphasis on ethics, creditor’s rights and bankruptcy, business organizations, government regulations, and the protection of property and other interests.

306 Business Law (3) (Prerequisite: 206) S. In-depth study of the uniform commercial code, contracts, sales, commercial paper, secured transactions, agency, employment, and ethics.

458 Strategic Management (3) (Prerequisite: Management Information Systems 327, Management 308 and 351, Marketing 331, Finance 341) F, S, SU. The study of how an organization achieves its mission and objectives in an effective and efficient manner in an effort to achieve a competitive advantage. This course will cover the process of strategic management that includes scanning the environment, formulating a strategy, implementing a strategy, and evaluating and controlling the strategy.

475 Internship in Business (3) (Prerequisite: Full acceptance to B.B.A. Program, 2.5 GPA overall, in Business, in major; approval by adviser, coordinator and department chair.) This is an educational strategy integrating classroom studies with work-based learning related to the student’s academic curriculum and/or career goals. At the work site, students engage in a series of assignments documented in a learning agreement that is subsequently evaluated.

501 Fundamentals of Accounting (3) (Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business) SU. An introduction to the accounting process and how it is used to provide information about an organization to those making organizational decisions. Includes examination of both financial and managerial accounting topics. These courses will also be available for seniors from non-business majors. Business 501-Business 507 are to be used to satisfy foundation requirements for entrance into the M.B.A. Program. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

502 Fundamentals of Economics (3) (Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business) SU. An introduction to the principles of microeconomics and macroeconomics within the context of a free enterprise economy. Includes examinations of economic concepts and problems associated with economics scarcity and the allocation of resources. Some specific topics include: demand and supply, monopoly, unemployment, inflation, environmental issues, international trade, and money and banking. These courses will also be available for seniors from non-business majors. Business 501-Business 507 are to be used to satisfy foundation requirements for entrance into the M.B.A. Program. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

503 Fundamentals of Applied Business Statistics (2) (Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business) SU. An introduction to the basic concepts and methodology including descriptive statistics, probability, common probability, distributions such as the normal and binomial distributions, statistical sampling, statistical estimation and inferences related to means and proportions, simple and multiple linear regression models, and analysis of variance. These courses will also be available for seniors from non-business majors. Business 501-Business 507 are to be used to satisfy foundation requirements for entrance into the M.B.A. Program. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

504 Fundamentals of Business Law (2) (Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business) SU. Study of the legal regulatory environment of business. Review of the important aspects of common law, contract law, and the Uniform Commercial Code. These courses will also be available for seniors from non-business majors. Business 501-Business 507 are to be used to satisfy foundation requirements for entrance into the M.B.A. Program. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

505 Principles of Financial Management (2) (Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business) SU. An introduction to basic financial tools and techniques used in corporate financial management, including planning, assets management, capital budgeting, capital markets, and international finance. These courses will also be available for seniors from nonbusiness majors. Business 501-Business 507 are to be used to satisfy foundation requirements for entrance into the M.B.A. Program. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

506 Principles of Information Systems (2) (Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business) SU. Study of the organizational and management issues related to the application of information systems technology into the firm and the management of information systems technology in business organization. These courses will also be available for seniors from non-business majors. Business 501-Business 507 are to be used to satisfy foundation requirements for entrance into the M.B.A. Program. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

507 Principles of Management (2) (Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business) SU. An introduction to the core concepts of management and its role in the development and implementation of business strategy and tactics. These courses will also be available for seniors from non-business majors. Business 501-Business 507 are to be used to satisfy foundation requirements for entrance into the M.B.A. Program. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

508 Special Topics in Business (1), (2), or (3) (Prerequisite: Admission to the M.B.A. Program or approval of the Dean of the School of Business) (A maximum of four credits in 508 may be taken by undergraduate students) SU. An introduction and treatment of the current research findings and management practices in a specific area of business administration. Topics treated in offerings of the course include developments in the business-related disciplines and in the practice of business administration. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

509 Principles of Marketing (2) (Prerequisite: Admission to M.B.A. program or approval of the Dean of the School of Business) SU. An introduction to the core concepts of marketing and its key role in development and implementation of business strategy and tactics. These courses will also be available for seniors from non-business majors. Business 501-Business 507 are to be used to satisfy foundation requirements for entrance into the M.B.A. Program. Business 508 is a topics course designed to allow instructors flexibility in offering electives for the M.B.A. Program.

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FOUR-YEAR PLAN FOR BUSINESS ECONOMICS MAJORS

Freshman Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

English 112

3

English 200

3

Math 111

3

Math 140 or 201

3

Art 101, Mu 101, or Thea 101

3

Pol Science 101 or 103

3

Bus 150

3

Computer Sci 150

3

Science and Lab

4

Science and Lab

4

Total Credits

16

Total Credits

16

Sophomore Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

ACTG 201

3

ACTG 202

3

ECON 203

3

ECON 204

3

BUS 205

3

BUS 206

3

SPCO 101

3

Literature

3

Science and Lab

4

History

3

Total Credits

16

Total Credits

15

Apply for admission to the BBA program after accumulation of 55 hours.

Plan Junior and Senior courses carefully - the courses are not offered every semester.

Junior Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

Non-Bus Elec

3

MGT 308

3

MIS 327

3

ECON 325

3

ECON 310

3

FIN 341

3

ECON 320

3

 ECON 321

3

English 305

3

Humanities Elec

3

Total Credits

15

Total Credits

15

Senior Year

Course

Fall Sem. Hrs.

Course

Spring Sem. Hrs.

MGT 351