Thirty-six credits which must include the business Core Courses: BUS 121, 221, 222 (standard 4-credit course or 222 Modular which includes 222A and one from 222B, 222C, 222D, or 222E), 225, 309, 323, 333, 440 and 4 credits from the following: BUS 340, 341, 342 or 442; BUS 150, 151 and/or 350; BUS 385/386; BUS 299/399/499; BUS 500.
1. Accounting Major: Fifty-two credits which must include the Core Courses (36 credits): BUS 121, 221, 222 (standard 4-credit course or 222 Modular which includes 222A and one from 222B, 222C, 222D, or 222E), 225, 309, 323, 333, 440 and 4 credits from the following: BUS 340, 341, 342 or 442; BUS 150, 151 and/or 350; BUS 385/386; BUS 299/399/499; BUS 500; and 16 additional credits including BUS 321, 322, 331 and 425.
2. Professional Accounting (CPA) Major: Students interested in pursuing our Professional Accounting (CPA) Major can complete the additional coursework required in order to sit for the exam. The State of Michigan requires five years of coursework in order to sit for the CPA exam (168 credit hours at Alma College). However, with careful planning, a student is able to complete the 168 credit hours in four years at Alma College. In addition to the courses required for the Accounting Major, students must complete the following courses for the Professional Accounting (CPA) Major: BUS 325, 326 (in place of 225), 422, 426 and 449. As part of their cognates, students must also take ECN 201 and MTH 116. Total Credit Hours: 68.
Forty-four credits which must include the Core Courses (36 credits): BUS 121, 221, 222 (standard 4-credit course or 222 Modular which includes 222A and one from 222B, 222C, 222D, or 222E), 225, 309, 323, 333, 440 and 4 credits from the following: BUS 340, 341, 342 or 442; BUS 150, 151 and/or 350; BUS 385/386; BUS 299/399/499; BUS 500; and 8 additional credits selected from the following: BUS 319, 410 or 429.
Forty-four credits which must include the Core Courses (36 credits): BUS 121, 221, 222 (standard 4-credit course or 222 Modular which includes 222A and one from 222B, 222C, 222D or 222E), 225, 309, 323, 333, 440 and 4 credits from the following: BUS 340, 341, 342 or 442; BUS 150, 151 and/or 350; BUS 385/386; BUS 299/399/499; BUS 500; and 8 additional credits selected from the following: BUS 223, 301, 324, 423, 427, or other management electives.
Forty-four credits which must include the Core Courses (36 credits): BUS 121, 221, 222 (standard 4-credit course or 222 Modular which includes 222A and one from 222B, 222C, 222D or 222E), 225, 309, 323, 333, 440 and 4 credits from the following: BUS 340, 341, 342 or 442; BUS 150, 151 and/or 350; BUS 385/386; BUS 299/399/499; BUS 500; and 8 additional credits selected from the following: BUS 334, 336, 337, 338, 339, 401, 428, 435, 436 or a 4-credit NMS course.
Twenty-eight credits including BUS 121, 221, 222, 309, 323, 333, and 440.
Health Care Administration Major (HCA)
Fifty-six credits that include 40 credits from BUS 121 or 131, 221, 222, 309 or 319, 323 or 329, 328, 385, 440 or 441; IPH 430; and PHL 227 or 229; and 16 credits of electives from BUS 324 or 324a, 333 or 334, 380, 450; IPH 210, 331, 340; PSY 236, 260; or SOA 234.
International Business Administration Major (IBA)
Thirty-two credits in Business Administration including BUS 121, 221, 222, 309, 323, 333, 440 and four credits of electives in BUS; 12 credits in Economics including 201, 202 and 331/332; and 24 credits (or proficiency) in a foreign language beginning at the 111 level.
Secondary Teaching Major Requirements
Thirty-six credits including BUS 121, 221, 222, 309, 323, 327, 333, 440 and one of the following: 401 or 410.
Cognate courses required for all Business Majors and Minors:
- ECN 201 or 202;
- 4 credits of Data/Business Analytics;
- One course from MTH 113, 116, 121 or 341, BTC 280 (biostatistics), PSY 220 or other courses approved by the department;
- Business Application Software (2 credits) OR successful completion of appropriate tutorials on http://www.lynda.com/ or similar web sites;
- One of PHL 227, 228, 229 or any other ethics course approved by the department;
- At least one course in COM or NMS or any other communication course approved by the department (students may take any 2 or 4 credit course in either COM or NMS).
- BUS121.Business Foundations4General survey course that introduces the students to the various business disciplines. Students will briefly investigate the disciplines of accounting, finance, international business, law, management and marketing and how all of these disciplines are interrelated. The areas of business ethics and social responsibility will also be examined.
- BUS131.Intro to Health Service Management4This course is geared toward first and second year students who desire a fundamental understanding of health service management. It will explore a variety of health care settings including hospitals, nursing homes and clinic. Case studies will augment student learning in leadership, motivation, organizational behavior, management thinking, performance and quality improvement, information technology, ethics and cultural competency. This is a required course for the Health Care Administration major.
- BUS150.Entrepreneurs in Action I1Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major.
- BUS151.Entrepreneurs in Action II1Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major. Permission is required for this course.
- BUS*215.Fundamentals of Law4Overview of the law and everyday legal situations that are encountered in cross disciplinary profesions. Topics covered may include contracts, employment, real estate and leases, criminal law, torts, financial issues and personal property. Students who took FYS Everyday Law will not be allowed to register for this course. Course fee.
- BUS*221.Financial Accounting4BUS-121 or 131 or taken concurrently, MTH-101 or equivalent;General survey course that introduces the study and application of the basic concepts and methods used in developing and reporting financial information about an economic entity. Emphasis on developing the ability to interpret and apply accounting information to the decision-making process.
- BUS*222.Managerial Accounting & Decision Making4BUS-221Study of accounting in the manufacturing and service sector, cost allocation and analysis, development of cash flow statements and analysis of financial statements. Emphasis on how cost and managerial accounting concepts and methods apply to the decision-making process. Students cannot earn credit for both BUS-222 and BUS-222A-E.
- BUS*222A.Managerial. Accounting & Decision Making2BUS-221First seven week module of managerial accounting topics, focusing on financial statement analysis, definition of managerial accounting, Cost-Volume-Profit, incremental analysis and decision making, budgeting models, and basics of capital budgeting. Course objective is to provide analysis skills needed by managers. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E).
- BUS*222B.Decision Models2BUS-221 and 222ACourse uses Cost-Volume-Profit and incremental analysis techniques to allow scenario analysis and sensitivity analysis in business decision cases, as well as preparing budget models for operational and capital budgets. Some basic data analytics included. Typical cases will be special orders, add/drop product line, variable/fixed cost shifts, etc. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E).
- BUS*222C.Healthcare Accounting2BUS-221 and 222ACurrent topics in health care accounting and financial management, including revenue cycle and reimbursement, current status of government programs and regulations, cost accounting techniques relevant to health care, non-hospital providers (nursing homes, physician group), etc. Students cannot earn credit for both BUS-222 and BUS-222 modular (A-E). Elective credit for HCA majors with BUS-222 credit with permission of Department Chair.
- BUS*223.Business Leadership and Society4BUS-121 or PermissionSocial, ethical and legal responsibilities that leaders have to society at large in profit and non-profit enterprises. Special focus on helping students become future leaders who think critically about the outcome of decisions they make and how these decisions impact society as a whole. Uses a case-analysis approach to study decisions made by business leaders that have had positive and negative impacts on companies in our society. Designed as an experiential learning class. Includes simulations, case applications and projects.
- BUS*225.Legal Environment of Business4BUS-121 or PermissionIntroduces legal concepts and critical thinking that are applied in a business context. Includes the study of complex business problems with a legal and ethical focus. Students will build knowledge of the law and legal concepts to help navigate the everyday business world. Topics may include: the court system, litigation process, negligence and strict liability, employment law and discrimination, contracts, real and personal property law, torts, product liability, consumer law and criminal law impacting business.
- BUS226.Cross-Cultural Studies4Study of selected aspects of world business and economics, politics, religion, communication and the exploration of cultural relations across national boundaries. Special focus on the importance of effective cross-cultural relations for global managers and corporations. Locations vary.
- BUS*301.Business Communications4ENG 101 and BUS 121Preparation for effective communication in the business realm. Emphasis on business writing, presentation skills, and obtaining solid listening skills in business forums. Students will improve professionalism regarding communication that is oral, written and electronic. Other topics include: the report process, business research methods and business etiquette.
- BUS*309.Finance4BUS-222, ECN-201, ECN-202, MTH-116Introduction to the principles of managerial financial policies, leading to maximizing the value of a firm. Major emphasis on financial decisions facing a firm, management of current assets, capital budgeting, cash flow management, optimal capital structure, time value of money and financial/ratio analysis.
- BUS*315.Personal Finance4BUS-121, BUS-222, and BUS-309This course is designed to provide the skills and knowledge in all areas of financial planning including investment management, income taxation, insurance/risk management, employee benefits, housing costs, retirement and estate planning.
- BUS*319.Health Care Finance4BUS-121 or 131; BUS-221, 222 and Junior StandingImplements financial management, managerial management, and economic principles to analyze real-world health care issues. Emphasizes and encourages problem-solving and creative thinking through the use of texts, cases, and models of health care industry. Provides a comprehensive overview of financial structure, market forces, controls and techniques used in health care financial management and the perspectives of the various interest groups involved (providers, insurers, policy makers, patients, and the general public). Provides students with an overview of the principal financial mechanisms in place across the U.S. health care industry and specific insights into critical issues the industry currently faces.
- BUS*321.Intermediate Accounting I4BUS-222In-depth study of theoretical framework, concepts and methods relating to financial accounting, with special attention given to asset measurement and income determination. Emphasis on developing analytical and problem-solving skills.
- BUS*322.Intermediate Accounting II4BUS-321Thorough and balanced study of theory, concepts, methods and applications relating to financial accounting with special attention to debt and owner equity measurement and disclosure. Emphasis on earnings per share calculation and accounting for leases and pensions.
- BUS*323.Contemporary Management4BUS-222 and ECN-202; one from MTH-113, 116, 121, 341 or PSY-220 or PermissionExploration of the four primary functions of management: planning, organizing, leading and controlling. Emphasis on understanding functions and roles that managers play within organizational structures and society stakeholders. Students will engage in numerous contemporary experiential learning and project applications. Developing managerial problem-solving, business professionalism, teamwork, and communication skills are a cornerstone of this course.
- BUS*324.Human Resource Management4BUS-323 or PermissionEmphasis on employment issues of organizations such as: recruiting, selecting, training, compensating and managing human resources. Other critical topics such as appraisal, discipline, safety, benefits and collective bargaining are discussed. Insight is also provided into the legal issues involved with human resource management and the framework for equal opportunity employment.
- BUS*325.Business Law I4Explores legal topics such as courts, litigation, and alternative dispute resolution, contract formation, defenses to contract enforceability, third party rights and discharge, breach and remedies, sales and commercial transactions, negotiable instruments, personal property, bailments, and liability of accountants and other professionals. This class is designed to prepare future accountants, attorneys, finance, health care and other professionals for navigating legal issues in their field. Requires Junior standing to register.
- BUS*326.Business Law II4Explores the legal environment in which business actually operates. Topics include the law of agency, partnerships, corporations, bankruptcy, and estates and trusts. Requires Junior standing to register.
- BUS*327.Law for Educators4Designed for educators to explore the legal environment in which business operates. Topics include an introduction to the court system, employment law, environmental law, contracts, remedies, ethics, sales, commercial instruments, bailments, and real and personal property. Requires Junior standing to register.
- BUS*328.Health Law4BUS-222, ECN-201 and 202, MTH-116, or PermissionThis course provides a legal framework for students interested in health care administration and managing the legal issues they will face in a health care organization. Students will learn the basic legal principles including: contract law, tort liability and malpractice, employment law, fraud and abuse, health planning & advocacy, HIPAA/Privacy, public health laws, and other related topics.
- BUS*329.Health Administration4BUS-121 or 131 and BUS-221 and 222 and Junior StandingExplore relevant findings from the behavioral sciences and other disciplines to help students apply appropriate management skills in their organization. Study the basics of leadership, communication, motivation, change theories, organizational culture, problem solving, conflict and negotiations, decision-making, productivity measurement, the TQM process, rsources allocation, and mission and values development.
- BUS*331.Cost Accounting4BUS-222For service and manufacturing sectors, study of cost accounting systems and cost information including objectives, data accumulation, presentation and communication. Emphasis on cash flow, cost behavior and allocation, management planning and control, breakeven analysis and variance analysis useful in decision making.
- BUS*333.Marketing and Society4BUS-222; ECN-201 or 202; one of MTH-113, 116, 121, 341, PSY-220 or PermissionGeneral survey course acquainting students with the business and economic principles underlying the transfer of goods and services from producer to consumers. Investigation of the institutions, systems of distribution, and the functions and policies of the marketing discipline.
- BUS*334.Health Care Marketing4BUS-222, ECN-201 and 202, MTH-116, or PermissionThis general survey class will acquaint students to the marketing discipline from the perspective of Health Care Administration. Topics include target markets, marketing segmentation, marketing research and the marketing mix. NOTE: Students cannot earn credit for both BUS-333 and 334.
- BUS*334T.Health Care Marketing4BUS-222, ECN-201 and 202, MTH-116, or PermissionThis general survey class will acquaint students to the marketing discipline from the perspective of Health Care Administration. Topics include target markets, marketing segmentation, marketing research and the marketing mix. NOTE: Students cannot earn credit for both BUS-333 and 334.
- BUS*336.Direct Response Marketing2BUS-333 or PermissionInvestigate the role that direct response marketing plays in the overall marketing plan for an organization. Topics covered include: customer relationship marketing, data base marketing, user characteristics, lead generation and ethical considerations.
- BUS*337.E-Commerce2BUS-333 or PermissionInvestigate the importance of the rapidly growing field of e-commerce within a firm’s overall strategic marketing plan. Topics covered include: user characteristics, privacy and security issues, and ethical and legal considerations. This course WILL NOT be a course in Web site development.
- BUS*338.Entrepreneurial Marketing2BUS-333 or PermissionExamines the marketing discipline from the perspective of the entrepreneur. Topics covered include: marketing research, selection of target markets and marketing mix (product, price, place, promotion).
- BUS*339.Logistics/Supply Chain Management4BUS-333Supply Chain Management encompasses all areas of business that deal with the movement of product. This includes the inbound movement of raw materials and component parts, the transfer of inventory from one location to another and the outbound movement of products to the customer. Areas covered include customer service, facility location, inventory management, order processing, purchasing/procurement, transportation and warehousing.
- BUS*340.Applications and Cases in Finance4BUS-121, 221, 222, 309, 323 and 333A study of finance principles and theories as applied to complex corporate problems through the use of company analysis and other hands-on applications.
- BUS*341.Applications & Cases in Management4BUS-121, 221, 222, 225, 309, 323 and 333Apply management concepts to real life cases and situations. Examine complex management problems in the business world. Learn critical thinking, problem solving and conceptual thinking through the use of role play, simulations, projects, and case applications. This is a synergistic class and content from core classes will be utilized in this experiential learning environment.
- BUS*342.Applications and Cases in Marketing4BUS-121, 221, 222, 309, 323 and 333A study of marketing principles and theories as applied to complex corporate problems through the use of company analysis and other hands-on applications.
- BUS*344.Health Care Human Resource Management4BUS-329 or PermissionExplore human resources management in healthcare organizations including: recruitment and selection of employees, benefits and compensation management, privileging and credentialing of health professions, performance evaluation, staffing plans, labor relations and labor laws relevant to healthcare organizations. Discussion of other topics such as appraisal, discipline, safety, benefits and collective bargaining as related to healthcare human resources.
- BUS*350.Entrepreneurs in Action III2Preparation to present strategic business cases and planning initiatives at regional and national competitions focused on entrepreneurship and the free enterprise system. Only four credits in total of BUS-150, 151 and BUS-350 count toward the Business Administration major. Permission is required for this course.
- BUS*385.Business Administration Practicum4Complete the following courses with a minimum grade of C: BUS-121, 221, 225, 309, 323, 333 and 4 credits from BUS-222, 222A, 222B, 222C, 222D or 222EOnly four credits will count in the major. Requires permission. Student must also successfully complete the appropriate internship workshops that are sponsored by the Center for Student Opportunity (CSO).
- BUS*401.Advertising4BUS-333 or PermissionStudy of advertising and its use in marketing programs. Emphasis on the role of advertising in the world of business, developing advertising strategies, selecting media, managing advertising activities and budgeting for profitability. Special emphasis on the social and ethical aspects of the advertising program.
- BUS*405.Health Informatics4BUS-329 or PermissionThe course will give students a broad exposure to the field of Health Informatics. Topics include, but are not limited to, networking, information systems, information technology, coding, data bases, HL7, security and HIPAA.
- BUS*410.Investments4BUS-309 or PermissionPrinciples of investments, types of investments including common and preferred stocks, bonds, options, mutual funds and derivatives, analysis of risk and return, portfolio structure, operation of markets, analysis of investment requirements, and market timing strategies.
- BUS*415.Advanced Finance4BUS-221, 222, and 309Application of principles of finance to solving selected business case problems and analyzing current financial topics. Coverage includes capital structure decisions, working capital policy, current liability management, optimal capital budgets, dividend policy, and lease financing aimed at maximizing the value of a firm.
- BUS*422.Advanced Accounting4BUS-322 and Senior StandingAccounting for partnerships, governmental units, not-for-profit organizations, corporate consolidations, foreign currency transactions and translation of foreign financial statements. Requires senior standing to register.
- BUS*423.Small Business Management4BUS-221, 222, 309, 323, and 333Examines the principles and practices pertaining to the operation of small business enterprises. Students are required to apply skills learned in the core business courses, with a special emphasis on management. Opportunities and risks inherent in starting small businesses are analyzed and the skills needed to successfully run a small business are discussed.
- BUS*425.Federal Individual Income Tax4BUS-222This course covers the federal income tax laws and regulations impacting individuals. Topics covered include: personal and dependency exemptions, gross income, deductions, losses, tax credits property transactions and federal gifts taxes. Students gain analytical and problem-solving skills for dealing with individual income tax issues.
- BUS*426.Federal Business Taxation4BUS-222Explore corporate operating rules, capital structure, distributions, reorganization, partnerships, S-Corporations, exempt entities, tax administration and practice, and multi-state and international transactions. Gain analytical and problem-solving skills for dealing with business tax issues.
- BUS*427.Transnational Management4BUS-323Study of labor forces, competitive practices, decision making, planning and control, and human resource management in international business. Exploration of other topics influencing global managers and corporations.
- BUS*428.Global Marketing Management4BUS-333 or PermissionExploration of the environment of international markets and institutions. Analysis of the impact of cultural, social, financial, legal, political and technical problems in the marketing plan with particular emphasis on current international developments.
- BUS*429.Multinational Finance4BUS-309Analysis of foreign exchange issues and risk management, international investment and capital budgeting, global securities and capital markets.
- BUS*433.Exploring Health Disparities4BUS-121 or 131 or PermissionIntroduction to global health care systems and models and their influences on health disparities and delivery of healthcare. Students will think critically about and discuss health and healthcare within a global environment. Examine vulnerable populations and how social determinants influence the health outcomes of various nations.
- BUS*435.Marketing Research4BUS-222; ECN-201 or 202; one of MTH-113, 116, 121, 341 or PSY-220 or PermissionStudy of the formal research techniques applicable to marketing. Methodical considerations include sample selection, questionnaire design, data collection, processing and analysis of data, and the preparation of managerial reports.
- BUS*436.Personal/Sales Management4BUS-333Designed to introduce students, through hands-on role playing and practice, to the profession of Personal Selling. Steps in the selling process will be analyzed. Students will be required to prepare a sales presentation. The latter half of the class will focus on Sales Management. Supervisory techniques, measurement tools, and use of training material will be analyzed. Upon successful completion of the course, students will be prepared for an entry-level personal selling position.
- BUS*440.Global Strategic Management4BUS-121, 221, 222, 225, 309, 323, 333Coverage of all aspects of strategy with a focus on industry and corporate analysis, especially in the global environment. Emphasis on individual written and group oral presentations of case analyses. Students apply the concepts learned to actual business situations. The capstone course for Business Administration and International Business Administration majors.
- BUS*441.Strategic Planning in Health Care4BUS-319, 329 and Senior StandingIntroduces students to strategic planning as it applies to health care organizations. Students will develop practical skills in strategic management, such as internal and external environmental assessment, competitor analysis, and methods for evaluating strategic alternatives that can be used in different types of health care settings. Explores the leadership roles of governing boards, health care managers, and clinicians. Requires senior standing to register.
- BUS*442.Accounting Information Systems4BUS-322 and Senior StandingStudy of accounting information systems, including systems analysis, design and implementation. Emphasis on design and documentation tools and internal controls. Focuses on the needs and responsibilities of accountants as end users of systems, system designers and auditors.
- BUS*446.Cross-Cultural Studies4Study of selected aspects of world business and economics, politics, religion, communication and the exploration of cultural relations across national boundaries. Special focus on the importance of effective cross-cultural relations for global managers and corporations. Locations vary.
- BUS*449.Auditing4BUS-322 and Senior StandingStudy and evaluation of the nature, objectives, scope and theory of the audit process as applied to accounting and internal control systems. Emphasis and balance placed on standards, ethics, current developments and legal requirements as well as special topics including statistical sampling and audit of electronic data processing systems.
- BUS*450.Long-Term Care Management4BUS-329 or PermissionBasic overview of long-term care management in the United States. Covers the state of the field, those it serves, and the varioius organizations who serve them. Examines issues affecting all long-term care providers, individually or collectively (e.g., financing, regulations, integration, ethical issues). Discusses how various segments of long-term care fit together to form an overall system while looking at trends that are likely to shape the long-term care field in the future.
- BUS*480.Topics in Business Administration2-4Current topics in Business Administration including: Business Leadership and Society, Commercial Banking, Government and Not for Profit Accounting, Personal Finances, Physical Distribution Management, Real Estate Management, Sales Management and other topics as the need arises.
- BUS*499.Business Admin. Independent Study1-4Requires instructor permission.
- BUS*500.Senior Thesis4Requires instructor permission. Student must have attained senior standing and a GPA of 3.5 or better that is calculated on all BUS courses taken.