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Catalog 2013-2014
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Accounting, B.S. (ACCT)
Requirements List for 2013-2014
About the School of Business - About Accounting - Major Program
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ACCT 2103   Principles of Financial Accounting
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. Minimum grade of 'C' required.
 
ACCT 2113   Principles of Managerial Accounting
A continuation of ACCT 2103, examining accounting procedures for corporations, financial statement analysis, and managerial uses of accounting data. Class 3. Prerequisite: ACCT 2103. Minimum grade of 'C' required.
 
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: ACCT 2103. (Fall) Minimum grade of 'C' required.
 
ACCT 3113   Intermediate Accounting II
A continuation of ACCT 3103 with emphasis on issues relating to stockholders' equity, dilutive securities, investments, and the measurement of income. Class 3. Prerequisite: ACCT 3103. (Spring) Minimum grade of 'C' required.
 
ACCT 3303   Cost Accounting
The concepts and purposes underlying the developing and reporting of cost accounting information are studied. Topics include job order costing, process costing, standard cost systems, and variance analysis. Class 3. Prerequisite: ACCT 2113. (Fall, Even years) Minimum grade of 'C' required.
 
ACCT 3403   Federal Income Tax
An introduction to federal income tax laws and regulations, the determination of income tax liabilities, and the preparation of tax returns for individuals. Class 3. (Fall, Odd years) Minimum grade of 'C' required.
 
ACCT 4203   Advanced Accounting
A study of accounting theory as applied to external reporting, business combinations and consolidations, partnerships, government and nonprofit entities, and fiduciaries. Class 3. Prerequisite: ACCT 3103. (Spring, Even years) Minimum grade of 'C' required.
 
ACCT 4403   Auditing
A study of the theory of auditing, covering audit procedures, professional ethics, auditor's legal liability, evidence gathering, internal control, and audit reports. Class 3. Prerequisites: ACCT 3103 and MATH 1423. (Fall, Odd years) Minimum grade of 'C' required.
 
ACCT 4423   Accounting Ethics
A study of ethical reasoning and professional responsibility in the accounting profession. Students will study the meaning of integrity, objectivity and independence as defined by the American Institute of CPAs. Class 3. Prerequisite: ACCT 3103. (Spring, Even years) Minimum grade of 'C' required.
 
ACCT 4503   Accounting Systems
A study of the principles and procedures of accounting systems design and installation, with emphasis on audit technique and audit trail considerations in both manual and computer based systems. Class 3. Prerequisite: ACCT 2103. (Spring, Odd years) Minimum grade of 'C' required.
 
ACCT 4923   Accounting Internship
Supervised accounting experience in performing duties as an accounting assistant in a local business environment. Career preparation is enhanced through reviews and discussions of current accounting proposals and practices, CPA requirements, and occupational choices. Class 3. Prerequisites: Twelve hours of upper level accounting courses and consent of Instructor. (On Demand) Minimum grade of 'C' required.
 
ACCT     Accounting Elective
Accounting Electives may be chosen from:
ACCT 3203 Government and Nonprofit Accounting (Fall, Odd years)
ACCT 3503 Managerial Accounting (Fall, Even years)
ACCT 4303 International Accounting (Spring, Odd years)
ACCT 4413 Advanced Income Tax (Fall, Even years)
Class 3. Minimum grade of 'C' required.
 
ACCT     Accounting Elective
Accounting Electives may be chosen from:
ACCT 3203 Government and Nonprofit Accounting (Fall, Odd years)
ACCT 3503 Managerial Accounting (Fall, Even years)
ACCT 4303 International Accounting (Spring, Odd years)
ACCT 4413 Advanced Income Tax (Fall, Even years)
Class 3. Minimum grade of 'C' required.
 
BIBL 1033   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. Class 3.
 
BIBL 1043   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. Class 3.
 
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.
 
BUSI 2503   Business Statistics
Basic statistical concepts, elementary probability theory, normal curve and applications, measures of dispersion, introduction to sampling theory, hypotheses testing, analysis of variance, correlation, and multiple linear regression. Class 3. (Fall) Minimum grade of 'C' required.
 
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) Minimum grade of 'C' required.
 
BUSI 3423   Business Research Methods
The focus of this course is on using business forecasting for managerial decision making. Topics include data analysis, reviewing of inference, distributions, and descriptive statistics, and collection and presentation of data. Statistical techniques covered include auto regression, ANOVA, linear and multiple regression, nonparametric tests, and other advanced statistical techniques. Students will learn to use forecasting techniques such as moving average, exponential smoothing among other to forecast profits and sales. Use of statistical software such as SPSS, Minitab, or Excel is included. Class 3. Prerequisite: BUSI 2503 with a grade of C or higher. 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. Prerequisite: ECON 2103. (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.
 
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) Minimum grade of 'C' required.
 
ECON 2203   Microeconomics
A study of microeconomics 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 (the study of price-taking and price-searching firm). Class 3. (Spring) Minimum grade of 'C' required.
 
ENGL 1013   English Composition I
A study of effective writing, reading, and speaking. Emphasis is on effective personal and expository writing. (This course must be completed before reaching Junior standing.) Class 3. Prerequisite: Qualification on ACT or SAT exam or completion of ENGL 1004 with a grade of D..
 
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: Completion of ENGL 1004 with a grade of C or better or 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: ACCT 2103. 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.
 
MGMT 2303   Principles Of Management
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. Minimum grade of 'C' required.
 
MGMT 3313   Organizational Behavior
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: MGMT 2303. Minimum grade of 'C' required.
 
MGMT 4803   Strategic Management
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, ACCT 2113, MGMT 2303, and FINC 3113. (Spring) Minimum grade of 'C' required.
 
MKTG 2503   Principles Of Marketing
Foundational course in the study of business where the emphasis is on studying the marketing concept of discovering and satisfying needs for products (goods, services, and intellectual property). The marketing functions/marketing mix of product, price, promotion and place (distribution) are studied along with creating customer value within the marketing environmental forces, constraints of the organizational resources, and a relationship marketing dynamic. The development of a marketing plan for a real product brings all this study to a practical understanding and application, preparing the student for the real world experience. Class 3. Minimum grade of 'C' required.
 
      Lab Science Elective
May be chosen from:
BIOL 1014 Life Science
PHYS 1014 Physical Science
PHYS 2514 Astronomy
CHEM 1113 CHEM 1111 General Chemistry I, Lab
CHEM 1123 CHEM 1121 General Chemistry II, Lab
PHYS 1113 PHYS 1111 General Physics I, Lab
PHYS 1123 PHYS 1121 General Physics II, Lab
PHYS 2013 PHYS 2011 University Physics I, Lab
PHYS 2023 PHYS 2021 University Physics II, Lab
GEOL 1114 General Geology I
GEOL 1124 General Geology II
ENVT1114
Class 3. Lab 1. PHYS 1014 Physical Science and BIOL 1014 Life Science are recommended.
 
      Lab Science Elective
May be chosen from:
BIOL 1014 Life Science
PHYS 1014 Physical Science
PHYS 2514 Astronomy
CHEM 1113 CHEM 1111 General Chemistry I, Lab
CHEM 1123 CHEM 1121 General Chemistry II, Lab
PHYS 1113 PHYS 1111 General Physics I, Lab
PHYS 1123 PHYS 1121 General Physics II, Lab
PHYS 2013 PHYS 2011 University Physics I, Lab
PHYS 2023 PHYS 2021 University Physics II, Lab
GEOL 1114 General Geology I
GEOL 1124 General Geology II
ENVT1114
Class 3. Lab 1. PHYS 1014 Physical Science and BIOL 1014 Life Science are recommended.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. Class 3.
 
      General Elective
Any course that is not used to meet any of the major degree requirements. 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: 126
Notes:
FALL ELECTIVES (Even Years)
ACCT 4413 Corporate Tax Accounting

SPRING ELECTIVES (Even Years)
ACCT 4303 International Accounting

FALL ELECTIVES (Odd Years)
ACCT 3203 Government and Nonprofit Accounting

SPRING ELECTIVES (Odd Years)
ACCT 3503 Advanced Managerial Accounting

The internship can be accomplished either during the spring or fall semester or during the summer. In any event, it normally is registered for during either a spring or fall semester as part of the 12-18 hour package, but not during summer school, thereby not incurring additional tuition cost to the student.