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Catalog 2005-2006
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Finance, B.S. (FIN)
Requirements List for 2005-2006
About the School of Business - About Finance - Major Program
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ACCT 2103   Accounting Principles I
An introduction to the accounting process, with emphasis on identifying, recording, classifying, and interpreting transactions and other events relating to proprietorships and partnerships. Class 3.
ACCT 2113   Accounting Principles II
A continuation of BACT 2103, examining accounting procedures for corporations, financial statement analysis, and managerial uses of accounting data. Class 3. Prerequisite: BACT 2103. (Spring)
ACCT 3103   Intermediate Accounting I
A comprehensive study of the concepts, principles, and practices of modern financial accounting, with emphasis on the recognition and measurement of assets and liabilities. Class 3. Prerequisite: BACT 2103. (Fall) Minimum grade of 'C' required.
ACCT 3113   Intermediate Accounting II
A continuation of BACT 3103 with emphasis on issues relating to stockholders' equity, dilutive securities, investments, and the measurement of income. Class 3. Prerequisite: BACT 3103. (Spring) Minimum grade of 'C' required.
BIBL 1003   Biblical Foundations For Living (L)
An introductory course highlighting the relationship between Biblical teaching and contemporary Christian living. This initial experience in the integration of faith and learning focuses on principles of Biblical interpretation and application. Students learn how to interpret core Biblical passages so as to give guidance for some of the tough issues Christians face today. This course may not be taken by anyone who has passed BIBL 1013 New Testament Literature. Class 3.
BIBL 2003   Biblical Literature
This survey provides an overall perspective for understanding the Bible within its historical and cultural setting. The course will focus on the reading of significant portions of the Bible so that students may grasp the framework and themes of the Old and New Testaments as well as the relationship between the Testaments. Throughout the course students will also develop skills in interpreting and applying the Bible to contemporary situations. This course may not be taken by anyone who has passed BIBL 1013 New Testament Literature or BIBL 2013 Old Testament Literature. Class 3. Prerequisite: BIBL 1003.
BIBL     Jr.-Sr. Level Elective
Any Junior or Senior (3000 or 4000) level Bible (BIBL) course. Class 3.
BIBL     Jr.-Sr. Level Elective
Any Junior or Senior (3000 or 4000) level Bible (BIBL) course. Class 3.
BIOL 1014   Life Science
A concepts oriented course for non-science majors. A study of the major areas of biology including cell biology, energetics, genetics, natural selection, diversity, plant and animal systems, and ecology. This course may not be used to meet degree requirements for biology majors. It is advised that this course and PHYS 1014 Physical Science be taken to meet the 8 hours lab science requirement for liberal arts majors. Not applicable to a minor in Biology. This course may not be taken for credit by anyone who has passed BIOL 1113 or 1123 with a grade of C or better. Class 3. Lab 3. (Spring)
BUSI 3103   Business Law
A study of the principles of business law covering the fields of contracts, agencies, personal property, sales, negotiable instruments, partnerships, and corporations. Class 3. (Fall)
BUSI 3403   Business Ethics (L)
This course involves a study of management/business policies and practices as they relate to contemporary moral and ethical issues in the work place. It includes an examination of issues such as equity and fairness, individual privacy rights, corporate social responsibility, moral aspects of capitalism, equal employment opportunities, sexual harassment, and others. Stress is placed upon historic Judeo-Christian ethical principles and their application to clarify personal values and improve management decision making. Class 3. Prerequisite: BMGT 2303. (Fall)
BUSI 3423   Business Research Methods
The focus of this course is on using business research methods and statistics for managerial decision making. Topics include the research process, the research proposal, ethics in business research, research design and measurement, research sources and collection, and analysis and presentation of data. Statistical techniques covered include ANOVA and MANOVA, discriminate analysis, linear and multiple regression, nonparametric tests, and other advanced statistical techniques. Use of statistical software such as SPSS, Minitab, or Statistica is included. Class 3. Prerequisite: MATH 1423 with a grade of C or higher. (Spring) Minimum grade of 'C' required.
BUSI 4313   International Business
A study of world trade and of the problems and issues faced by a business when it goes into the international market. Included is the study of cultural impacts, monetary exchange complications, and the problems faced by multinationals related with dealing in foreign legal and social environments. Class 3. Prerequisites: BECN 2103 and BMGT 2303.. (Spring)
BUSI 4803   Strategic Management (L)
The functional integration of all business disciplines in formulating, implementing, and evaluating business strategies. Case analyses and game simulations supplement lectures and discussions. Class 3. Prerequisites: Senior standing, BACT 2113, BMGT 2303, and BFIN 3113. (Spring) Minimum grade of 'C' required.
COMM 1113   Introduction To Speech Communication
A study of basic oral communication principles, including verbal and nonverbal language, listening, group dynamics, and public speaking. Emphasis is upon application of these principles in the sending and receiving of different types of oral discourse. Class 3.
COSC 1101   Personal Computer Applications
This is a proficiency course in how to use an office applications suite on a personal computer, including a word processor, a spreadsheet, a database system, and a presentation system. Proficiency is established either by passing a test or completing the course. Half of semester. Satisfactory/Unsatisfactory grade. Lab 3.
ECON 2103   Macroeconomics
An introduction to the nature and theory of Economics and the theoretical tools of macroeconomics. The course includes the introduction of supply and demand, examination of national income accounting, the role of government to include fiscal and monetary policy, the American banking system, and international trade. Class 3. (Fall)
ECON 2203   Microeconomics
A study of microeconomic theory beginning with demand and supply theory and continuing with examination of the costs of production, price and output determination under pure competition, monopoly, oligopoly, and monopolistic competition. Class 3. (Spring)
ECON 3103   Money And Banking
A study of the fundamental theories of money, banking, and investment. Included are the examination of the economic role of the banking system and financial institutions, the Federal Reserve System and monetary policy, and instruments of international finance. Class 3. Prerequisite: BECN 2103. (Fall, Even years) Minimum grade of 'C' required.
ECON 3203   Intermediate Price Theory And Resource Allocation
This course presents a general theory of prices and markets and provides for an investigation of the behavior of individual consumers and producers; the market for a single commodity; the interrelations between various markets in a system where all prices are determined simultaneously; and "what ought to be" as covered in welfare economics. Class 3. Prerequisites: BECN 2203 and MATH 1503. (Fall, Odd years) Minimum grade of 'C' required.
ECON 3303   Theory Of Income And Employment
This course provides a study of aggregate growth and equilibrium models with respect to both real and monetary aspects of national income accounting and is designed to present a treatment of advanced macroeconomic measurement, theory, and policy. Class 3. Prerequisites: BECN 2103 and MATH 1503. (Spring, Odd years) Minimum grade of 'C' required.
ENGL 1013   English Composition I
A study of effective writing, reading, and speaking. Expository writing and the use of the personal computer to plan, draft, and revise will be emphasized. (This course must be completed before reaching Junior standing. ). Class 3. Prerequisites: Qualification on ACT or SAT exam or completion of ENGL 0103 with a passing grade.
ENGL 1023   English Composition II
A study of argumentation/logic and writing for the professions with an emphasis on using the personal computer to plan, draft, and revise written projects. Each student is required to write a fully documented research paper and give oral presentations in class. (This course must be completed before reaching Junior standing. ). Class 3. Prerequisite: ENGL 1013.
ENGL     Literature Elective
Any ENGL 2000+ level courses <b><u>except</u></b>:
ENGL 2011 Applied Journalism
ENGL 2603 Creative Writing
ENGL 3213 Technical Writing
ENGL 3223 Advanced Grammar and Composition
ENGL 3403 Journalism-Publications
ENGL 3413 Visual Literacy
ENGL 3931 English Internship
ENGL 4023 Writing for Digital Media
ENGL 4913 Literary Criticism
ENGL 4923 History of the English Language
ENGL 4931 Digital Writing Practicum
Class 3.
FINC 3113   Financial Management
A study of financial strategy in the processes of obtaining and managing funds of the corporation. Included are cash flow and working capital management, capital financing models, dividend and stock policy, and the examination of expansions and mergers. Class 3. Prerequisite: BACT 2103. (Fall) Minimum grade of 'C' required.
FINC 3203   Risk Management
This course provides a survey of risk, risk management, and insurance. Topics examined include risk assessment, risk management methods, insurance markets, analysis of insurance coverage, and benefit programs. Class 3. Prerequisites: BECN 2103, BFIN 3113, and BUSI 3423. (Fall, Even years) Minimum grade of 'C' required.
FINC 3403   Investments
This course is designed to serve investors who are or will be actively developing and monitoring investment portfolios. Techniques, methods, and strategies for implementing investment goals are examined in a portfolio and risk/return trade-off context. Topics include an overview of personal finance and investment, mutual funds, commodities, real estate, and other investment vehicles. Class 3. Prerequisites: BECN 2103, BFIN 3113, and BUSI 3423. (Fall, Odd years) Minimum grade of 'C' required.
FINC 4203   Advanced Finance
This course focuses on the acquisition and allocation of long-term sources of funds, problems of measuring and influencing the cost of capital, and the administration of capital funding for non-financial corporations. Topics include cash-flow scenario analysis, effects of alternative capital budgeting decision rules, and special topics in financial management. Class 3. Prerequisites: BECN 2103, BFIN 3113, and BUSI 3423. (Spring, Even years) Minimum grade of 'C' required.
FINC 4303   International Finance
In this course, students explore the international financial environment, including international financial markets and international flow of funds. Other topic include exchange rate behavior and risk management, financing international trade, international cash management, direct foreign investment, multinational capital budgeting, and country risk analysis. Class 3. Prerequisites: BECN 2103, BFIN 3113, and BUSI 3423. (Spring, Odd years) Minimum grade of 'C' required.
FINC 4923   Finance Internship
The student will receive supervised experience in performing duties in a business environment with emphasis on financial transactions and financial decision-making. Class 3. Prerequisites: BFIN 3113 and Consent of Instructor. (On Demand) Minimum grade of 'C' required.
HIST     History Elective
Any History (HIST) course. Class 3.
KINE     Physical Activities
Offerings include: aerobics, archery, action games, badminton, basketball, bowling, fitness, flag football, golf, racquetball, scuba diving, soccer, swimming, tennis, volleyball, weight training, etc. (Half of semester.) Class 1.
KINE 1512   Concepts Of Lifetime Fitness
General studies requirement under Kinesiology. The course examines various concepts of health and physical fitness with the purpose of encouraging the student to establish positive patterns of activity and healthful living. Class 2.
LETU 1101   Cornerstones Of Life And Learning (L)
This course introduces students to the LeTourneau University community and prepares them for the pursuit of whole person education and lifelong learning. It helps students explore and learn how to fulfill God's unique design for their lives through a holistic approach that establishes four essential cornerstones of life and learning: personal, intellectual, spiritual, and community development. Class 1.
MATH 1203   College Algebra With Applications
A study of linear and quadratic equations, exponential and logarithmic functions, and linear inequalities with emphasis on business applications. This course may not be taken for credit by anyone who has passed MATH 1303, MATH 1603, or MATH 1903 with a grade of C or better. Class 3. Prerequisite: MATH 1123 or equivalent.
MATH 1423   Elementary Statistics
An introductory treatment of research statistics. Included are frequency distribution, graphic representation, correlation, sampling theory, probability, and statistical hypotheses. Not applicable to graduation requirements in mathematics or engineering. Class 3. Prerequisite: MATH 1123 or equivalent.
MATH 1503   Calculus With Business Applications
A study of differential calculus and its application to business. This course may not be taken for credit by anyone who has passed MATH 1603 or MATH 1903 with a grade of C or better. Class 3. Prerequisite: MATH 1203. (Spring)
MGMT 2303   Principles Of Management (L)
An introductory survey to the fundamental principles of management and the functions of planning, organizing, and controlling. The course provides the student with a basis for thinking about complex business operations as they relate to the management process. Class 3.
MGMT 3203   Human Resource Management (L)
A study of business manpower strategies, human needs, position requirements, interviewing techniques, technical and human relations, motivation theories, training and wage administration involved in maintaining the work force. Class 3. Prerequisite: BMGT 2303. (Spring)
MGMT 3313   Organizational Behavior (L)
The study of various organizational structure models and supporting theory; organizations as complex system; organizational behavior; individual and group dynamics in the business environment; organization development and change. Class 3. Prerequisite: BMGT 2303. (Fall)
MKTG 2503   Principles Of Marketing
Marketing functions and institutions involved in the commercial distribution of various classes of goods from producer to consumer. Class 3. (Spring)
PHIL 2013   Introduction To Philosophy
An introduction to the art of thinking with an analysis of philosophical principles and problems, a brief survey of the history of philosophy, and a review of the contributions of outstanding philosophers. Class 3.
PHYS 1014   Physical Science
This course provides a survey of chemistry, physics, meteorology, and astronomy. Some of the major topics covered are laws of motion, energy, work, atomic and molecular structure, chemical equations and calculations, gas laws, acid-base and redox reactions, atmospheric structure, weather systems, solar system, stars and galaxies, and theories of origins. It is advised that this course and BIOL 1014 Life Science be taken to meet the 8 hour lab science requirement for liberal arts majors. Not applicable for a minor in Physics. Class 3. Lab 3. Prerequisite: MATH 1123. (Fall)
POLS 2103   Federal, State, And Local Government
The structure and operation of American government on the national, state, and local levels stressing an understanding of legislative and administrative procedure. Special attention is given to Texas government policy and processes. Class 3. Prerequisite: Sophomore or higher standing.
PSYC 2013   Introduction To Psychology
Basic study of human behavior. Fundamental theories, problems, and procedures relating to human activity. Biological, social, and cultural factors in development. Class 3.
      Fulfill English Proficiency Requirement
All students must demonstrate proficiency in English by passing either the English Proficiency Examination or ENGL 1001 English Review. Completion of this requirement by exam must take place before a student reaches senior status, otherwise ENGL 1001 must be taken every semester after reaching senior status until successfully completed.
Total Hours: 130