Dr. Chandler, School of Business, presented the proposal and answered questions of the Council. The motion to approve the proposal passed 8-3.

Yes: Addison, Bock, Cosbey, Mason, Methven, Owen, Shonk, Wohlstein

No: Brinkmeyer, Davenport, Riley

This action approves the following to become effective Spring 2000.

ACC 3100, Accounting Information Systems. (3-0-3) F, S. Accounting systems concepts, design, information needs and flows. Special emphasis on internal controls. Includes coverage of sales/collections process, acquisition/payment process, general ledger architecture, data and database management systems, the changing nature of journals and ledgers, and the effects of information technology on organizations. Prerequisites: MAT 2110C and MAT 2120C with grades of C or better; admission to the accounting program or permission of the associate chair, School of Business. Students are strongly advised to take ACC 3100 and ACC 3200 concurrently.

ACC 3200, Financial Accounting Theory I. (3-0-3) F, S. A study of the theories that underlie the practice of accounting and financial reporting. Includes an historical perspective on the evolution of these theories. The process of establishing accounting principles, development of a framework for evaluation of present and potential new practices. Prerequisite: Admission to the accounting program or permission of the associate chair, School of Business. Students are strongly advised to take ACC 3100 and ACC 3200 concurrently.

ACC 4300, Advanced Management and Cost Accounting. (3-0-3) F, S. The emphasis of the course is on the way management accounting data influence decisions within the organization. Course examines cost planning, cost control, decision making using accounting data, and performance evaluation. Topics include CVP analysis, relevant costing, the master budget, controlling discretionary costs, controlling inventory and production costs, capital budgeting, responsibility accounting and transfer pricing in decentralized organizations, measuring organizational performance and rewarding performance. Prerequisites: ACC 3100, ACC 3300, BUS 3950, BUS 3710, BUS 3010, BUS 3470, each with the grade of C or better.

ACC 4400, Federal Income Taxation I. (3-0-3) F, S. This is the first of two courses on federal income tax accounting under the latest amendments to the Internal Revenue Code. The course focuses on the income taxation of individuals and sole proprietorships. Topics include understanding federal tax law, determination of gross income, deductions, tax liability, and payment procedures. Prerequisite: ACC 3100, ACC 3200, and BUS 3710, each with the grade of C or better.

ACC 4500, Advanced Accounting Theory. (3-0-3) F, S. Financial accounting measurement, partnerships, international operations, not-for-profit entities, and accounting for business combinations. This course is designed to develop the student's knowledge of selected financial accounting topics and to give the student an understanding of the theory relating to them. Prerequisite: ACC 3100, ACC 3250, each with the grade of C or better.

ACC 4600, Auditing. (3-0-3) F, S. Theory and practice of the examination of financial statements for the purpose of establishing and expressing an opinion as to their reliability. Includes statistical sampling techniques and the auditor's legal liability. Prerequisite: ACC 3100 and 3250, ACC 3250, and ACC 3300, each with the grade of C or better.

ACC 4750, Governmental and Not-for-Profit Accounting. (3-0-3) F. Special nature of accounting for state and local governments and not-for-profit entities. Topics include fund accounting characteristics, budgets, cost accounting systems, and financial statement analysis. Prerequisite: Admission to account program or permission of the associate chair, School of Business. ACC 3200 with the grade of C or better.

ACC 4800, Federal Income Taxation 11 (3-0-3). F, S. A continuation of ACC 4400, with emphasis on underlying principles and concept sin the federal income tax laws and the tax consequences of alternatives. Emphasis on corporation, partnership, and fiduciary tax problems. Property transactions and international transactions will also be examined. Tax research is included. If this course is taken for graduate credit, there will be additional requirements to complete this course. Prerequisite: ACC 4400 with the grade of C or better.

Of the total hours required for the degree, accounting majors should take at least 90 semester hours of courses outside the accounting discipline. The minor requires 24 21 semester hours.

The Council decided to change the order of the Agenda to accommodate the guests.

Dr. Chandler and N. Marlow, School of Business, presented the proposal and answered questions of the Council. The motion to approve the proposal passed unanimously.

This action approves the following to become effective Fall 2000.

Proposed Business Minor

Business Minor

The Business Minor enables students enrolled in non-business majors to take a cross-section of business courses to complement their majors. All non-business majors (including those completing the business minor) are limited to no more than 25% (30 semester hours) of undergraduate course work in business courses.

Course Requirements

BUS 2101 Financial Accounting 3 semester hours

BUS 3010 Management and Organizational Behavior 3 semester hours

BUS 3470 Principles of Marketing 3 semester hours

FIN 2710* Survey of Finance 3 semester hours

*Students who have the prerequisites (BUS 2102, ECN 2802, and junior standing) may substitute BUS 3710 for this course.

BUS 1950 Computer Concepts and applications for Business

BUS 2102 Managerial Accounting

BUS 2750 Legal and Social Environment of Business

BUS 2810 Business Statistics I

BUS 3950 Operations Management

BUS 3500 Management Information Systems

AIS 2630 Presentation and Document Design

AIS 3200 End-User Application Development

AIS 3610 Business Communications or MGT 3830 Managerial Communications

COM 2250 Problem Solving with Visual BASIC

MAR 3720 Buyer Behavior

MAR 3875 Retail Management

MGT 3450 Human Resource Management

MGT 4310 Organizational Behavior

Dr. Abebe exited the meeting at this point.