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Undergraduate Catalog 2012-2013

School of Business

Scott Hicks, B.S., M.B.A.
Dean, School of Business
Assistant Professor of Business

Anita Satterlee, B.S., M.A., Ed.D.
Associate Dean, School of Business
Professor of Business

Keith Wargo, C.P.A., B.S., M.B.A., Ed.S.
Associate Dean, School of Business
Interim Chair, Department of Management, International Business, Human Resources, and Marketing
Assistant Professor of Business

Melanie Hicks, B.S., M.B.A., D.B.A.
Chair, Graduate Business Programs
Director of Accreditation
Professor of Accounting

Gene Sullivan, B.S., M.S., M.R.E., Ph.D.
Chair, Department of Accounting, Finance, and Economics
Professor of Accounting

David Calland, B.S., M.B.A., Ph.D.
Chair, School of Business
Associate Professor of Business

Terrence Conner, B.S., M.A.
Chair, School of Business
Assistant Professor of Business

David Duby, B.S., M.S., Ph.D.
Chair, School of Business
Associate Professor of Business

Brian Satterlee, B.S., M.S., Ed.D., D.B.A.
DBA, Program Director
Professor of Business

Mark Shaneck, B.S., B.A., M.S., Ph.D.
Interim Chair, Business Management Information Systems
Assistant Professor of Computational Sciences

RESIDENTIAL FACULTY
Professor
George, Hicks, M.,  Light, A., Moore, Preacher, Satterlee, A., Satterlee, B., Shelton, Sones, Sullivan

Associate Professor
Brunson, Calland, Duby, McLaughlin, Young, G., Young, P.

Assistant Professor
Buck, Conner, Ehrhorn, Gilmore, J., Hicks, S., Shaneck, Wargo, Zaffke

DISTANCE EDUCATION FACULTY
Assistant Professor of Business
Corum, Duck, Martin, M., Marx, McCarty, McChesney, McFaul, Poirier, Rauch, Richmond, Saunders, Schultz, J., Sette, Waldo, White, D., White, W., Willert

Instructor
Ahmed, Beck, J., Boto, Brown, T. K., Bruno, Churchill, Harper, Imel, Larson, B., Mattes, Meadows, L., Mines, Muender, Pittman, Shelton, P., Smith, N. J., Sullivan, A., Sullivan, W., Warren, J., Wright

PURPOSE
To educate our Business students with the values, knowledge, and skills they need in the development of the whole person to enable them to impact their world. Inherent in this mission are the following fundamental imperatives:

  1. That all teaching be given within a distinctively Christian worldview;
  2. That the Word of God be honored as the final authority for life and practice;
  3. That justice and ethics be exalted within a context of limited government and a free market system in a global economy;
  4. That all of life’s tasks are sacred and are to be done as unto the Lord;
  5. That the education process be a collaboration with faculty and staff, helping to transform students into self sufficient, lifelong learners; and
  6. That courses of instruction be designed and delivered to provide our graduates with a competitive advantage as they pursue their chosen careers.

BUSINESS INTERNSHIP PROGRAM
Integration of theory and practice is the purpose of the Business Internship Program at Liberty. Hands-on learning, in addition to classroom learning, gives the student a perspective that most will not have upon graduation. The internship experience provides a basis for career decisions, as well as experience that will assist the student in securing employment.

Juniors and seniors who wish to be considered for the internship program should contact the Business Internship Director to discuss qualifications for and the methods of obtaining internships.

SIGMA BETA DELTA HONOR SOCIETY
Faculty Advisor: Professor Keith Wargo
Sigma Beta Delta is an honor society for students of business, management, or administration. The principles of the Society include wisdom, honor, and the pursuit of meaningful aspirations. The Society recognizes these three qualities as being important for success in the academic realm as well as providing guidelines which will lead to a fulfilling personal and professional life and a life distinguished by honorable service to humankind.

Membership is open to all accounting and business majors who rank in the upper 20 percent of the class.

TEACHER LICENSURE
Teacher preparation and endorsement in Business is available through the School of Business in cooperation with the Teacher Education Department. Those wishing to pursue a teacher-related program should seek information from the Teacher Licensure Office in the School of Education.

DEGREE COMPLETION PLANS
Degree Completion Plans for programs offered by the School of Business can be accessed online at: http://www.liberty.edu/dcps.

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Career Opportunities

ACCOUNTING  
Auditor Internal Revenue Agent
Bank Officer International Banking Office
Budget Analyst Managerial Accounting
Controller Certified Public Accountant
Cost Accounting Tax Accountant                                         
Credit Manager Treasurer
Internal Auditor Government Accountant
   
ECONOMICS (ususally requires graduate degree)                                                                                                        
Bank Economist Economics Planner
Corporate Economist Educator
Consulting Economist Government Economist
   
FINANCE  
Appraiser/Assessor Loan Officer
Credit Manager Management Consulltant
Financial Analyst Real Estate Agent/Broker
Insurance Adjuster Securities Analyst
Insurance Agent/Broker Securities Broker
Internal Revenue Agent Treasurer
Investment Banker Trust Officer
   
HUMAN RESOURCE MANAGEMENT  
HR Generalist Staffing Manager
HR Manager Recruiting Manager
Compensation, Benefits, and Job Analysis Safety Manager
Compensation, and Benefits Manager/Director Equal Employment Specialist
Corporate Compensation and Benefits Executive                         Employee and Labor Relations Specialist
Training and Development  
   
INTERNATIONAL BUSINESS  
Communications Manager Missions Ministry Administrator
Inport/Export Manager Tour Industry Manager
Global Manager U.S. Department of Homeland Security
International Financial Manager U.S. Department of Commerce International Trade Specialist
International Marketing Manager U.S. Department of State
International Transportation and Shipping Executive  
   
MANAGEMENT  
Branch Manager Merchandising Manager
City Manager Human Resource Manager
Department Manager Retail Manager
   
MARKETING  
Account Executive Insurance Agent/Broker
Advertising Executive Real Estate Agent/Broker
Director of Marketing Purchasing Agent
Hotel/Motel Manager Merchandise Manager
Branch Sales Manager Retail Sales Manager
Product/Brand Manager Sales Manager
Manufacturer Sales Representative Sales Representativ

 

Accounting Major (B.S.)

PROGRAM LEARNING OUTCOMES
The student will be able to:

  1. Critically evaluate business transactions in accordance with generally accepted accounting principles within the various fields of the accounting discipline.
  2. Analyze accounting transactions of third party preparers in accordance with generally accepted auditing standards.
  3. Communicate effectively in written, oral, and technical venues.
  4. Identify, evaluate, and appropriately deal with ethical dilemmas from a sound moral and biblical perspective.

Program of Study

Accounting Major (B.S.)
General Education: Core Competency Requirements (59 - 63 hrs)
Core Courses in the Major (36 hrs)
ACCT 211 Principles of Accounting I 3
ACCT 212 Principles of Accounting II 3
ACCT 301 Intermediate Accounting I 3
ACCT 302 Intermediate Accounting II 3
ACCT 311 Cost Accounting I 3
ACCT 332 Accounting Information Systems 3
ACCT 401 Taxation I 3
ACCT 402 Advanced Accounting 3
ACCT 403 Governmental and Not-for-Profit Accounting 3
ACCT 404 Auditing 3
ACCT 412 Taxation II 3
ACCT 441 Capstone: Accounting 3
Business and Economics Electives (18 hrs)
BUSI 301 Business Law 3
BUSI 303 International Business 3
BUSI 320 Corporate Finance 3
BUSI 330 Principles of Marketing 3
BUSI 342 Human Resources Management 3
BUSI 411 Operations Management 3
Directed Courses (Required) (3-12 hrs)
BUSI 201 Intermediate Business Computer Applications 3*
ECON 213 Principles of Microeconomics 3*
MATH 125 Finite Mathematics 3*
MATH 201 Introduction to Probability and Statistics 3*
TOTAL HOURS: 120 hours minimum required; at least 48 hours must be 300-400 level.
Free Electives (0-4) 1
* These are approved General Education courses and may be counted in the Core Competency Requirements

1 BUSI 322 is not permitted as an elective

Business Administration Major (B.S.)

PROGRAM LEARNING OUTCOMES
The student will be able to:

  1. Recognize ethical business practices within the context of the Christian worldview.
  2. Use core business concepts and strategies to determine effective solutions to hypothetical and/or real life situations.
  3. Apply business principles in the areas of legal environment, economics, business ethics, and global dimensions.
  4. Identify and select appropriate Business strategies and policies.

Financial Planning Concentration

  • The student will be able to apply financial and decision-making methods used by financial planners.

Communications Cognate

  • The student will be able to evaluate business communication effectiveness in various contexts.

Economics Cognate

  • The student will be able to demonstrate the application of various economic analytical and decision-making methods utilized by managers.

Finance Cognate

  • The student will be able to demonstrate the application of various financial analytical decision-making methods utilized by financial managers.

Human Resource Management Cognate

  • The student will be able to apply human resource management support issues used in human resource settings.

International Business Cognate

  • The student will be able to demonstrate the application of various international business analytical and decision-making methods utilized by global managers.

Marketing Cognate

  • The student will be able to demonstrate the application of various marketing analytical and decision-making methods utilized by marketing managers. 

Project Management Cognate

  • The student will be able to develop project management planning from the operational and tactical levels.

Program of Study

Business Administration Major (B.S.)
General Education: Core Competency Requirements (59-63 hrs)
Courses in the Major (39 hrs)
ACCT 211 Principles of Accounting I 3
ACCT 212 Principles of Accounting II 3
ECON 214 Principles of Macroeconomics 3
BUSI 301 Business Law 3
BUSI 303 International Business 3
BUSI 310 Principles of Management 3
BUSI 320 Corporate Finance 3
BUSI 330 Principles of Marketing 3
BUSI 340 Organizational Behavior I 3
BUSI 342 Human Resources Management 3
BUSI 409 Non-Profit Management 3
BUSI 411 Operations Management 3
BUSI 472 Organizational Ethics 3
Financial Planning Concentration Courses (18 hrs)
OR
Cognate Area Courses (15 hrs)
Directed Courses (Required) (3-12 hrs) 1
BUSI 201 Intermediate Business Computer Applications 3
ECON 213 Principles of Microeconomics 3
MATH 125 Finite Mathematics 3
MATH 201 Introduction to Probability and Statistics 3
COMS 110 Introduction to Mass Communication 2 3*
Free Electives (0-4 hrs) 3
* These are approved General Education courses and may be counted in the Core Competency Requirements

1 Financial Planning Concentration: Directed Electives (3-12 hrs); Free Electives (0-1 hr)

2 Communications Cognate: Directed Electives (6-15 hrs); COMS 110 is not an approved General Education course

3 Free Electives for all cognates
Financial Planning Concentration
ACCT 401 Taxation I 3
BUSI 352 Financial and Retirement Planning 3
BUSI 354 Estate Planning 3
BUSI 420 Investments 3
BUSI 421 Insurance Planning/Risk Management/Employee Benefits 3
BUSI 489 Capstone in Financial Planning 3
TOTAL HOURS: 120 hours minimum; at least 48 hours must be 300-400 level.
COMMUNICATIONS COGNATE
COMS 220 Mass Communication Writing 3
COMS 307 Principles of Advertising and Public Relations 3
COMS 345 Persuasion 3
COMS 356 Direct Marketing Communication 3
BUSI 490 Capstone: Human Resource and Marketing 3
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level.
ECONOMICS COGNATE
GOVT 302 Modern Political and Economic Ideas 3
BUSI 321 Money and the Financial System 3
BUSI 405 Business and Economic Forecasting 3
BUSI 464 International Market Integration and Trade Agreements 3
BUSI 491 Capstone: Economics and Finance 3
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level.
FINANCE COGNATE
BUSI 321 Money and the Financial System 3
BUSI 322 Managerial Accounting 3
BUSI 420 Investments 3
BUSI 405 Business and Economic Forecasting 3
OR
BUSI 422 Real Estate
OR
BUSI 410 Managerial Economics
BUSI 491 Capstone: Economics and Finance 3
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level.
HUMAN RESOURCE MANAGEMENT COGNATE
BUSI 343 Employee and Labor Relations 3
BUSI 440 Compensation Management 3
BUSI 443 Workforce Planning and Employment 3
BUSI 444 Human Resource Development 3
BUSI 490 Capstone: Human Resource and Marketing 3
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level.
INTERNATIONAL BUSINESS COGNATE
BUSI 360 Contemporary Issues in International Business 3
BUSI 365 Global Industries and Operations 3
BUSI 464 International Market Integration and Trade Agreements 3
BUSI 465 Export Management Strategy 3
BUSI 492 Capstone: International Business and Project Management 3
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level.
MARKETING COGNATE
BUSI 331 Marketing Research 3
BUSI 431 Sales Management and Professional Selling 3
BUSI 438 Marketing Brand Management 3
Choose one course (3 hrs) from the following: 3
BUSI 430 Promotion Strategy
OR
BUSI 435 Small Business Entrepreneurship
OR
BUSI 436 Marketing in a Virtual World
OR
BUSI 437 Global Marketing
BUSI 490 Capstone: Human Resource and Marketing 3
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level.
PROJECT MANAGEMENT COGNATE
BUSI 413 Foundations of Project Management 3
BUSI 414 Project Management I 3
BUSI 415 Project Management II 3
BUSI 416 Leading Global Projects 3
BUSI 492 Capstone: International Business and Project Management 3
TOTAL HOURS: 120 hours minimum; at least 48 hours must be 300-400 level.
Business Administration Major (B.S.) Teacher Licensure Requirements
General Education Core Competency Requirements (59-63 hrs)
Business Administration Core (42 hrs)
ACCT 211 Principles of Accounting I 3
ACCT 212 Principles of Accounting II 3
ECON 214 Principles of Macroeconomics 3
BUSI 301 Business Law 3
BUSI 303 International Business 3
BUSI 310 Principles of Management 3
BUSI 320 Corporate Finance 3
BUSI 330 Principles of Marketing 3
BUSI 340 Organizational Behavior I 3
BUSI 342 Human Resources Management 3
BUSI 409 Non-Profit Management 3
BUSI 411 Operations Management 3
BUSI 472 Organizational Ethics 3
BUSI 490 Capstone: Human Resource and Marketing 3
Directed Courses (Required) (3-15 hrs)*
BUSI 201 Intermediate Business Computer Applications 3
ECON 213 Principles of Microeconomics 3
MATH 125 Finite Mathematics 3
MATH 201 Introduction to Probability and Statistics 3
PSYC 210 Developmental Psychology 3
Teacher Licensure Requirements (31 hrs)
EDUC 125 Introduction to Education 1
EDUC 221 Content Area Reading and Differentiated Teaching and Learning (Secondary) 2
EDUC 235 Instructional Design: Secondary 1
EDUC 236 Instructional Design Practicum: Secondary 2
EDUC 240 Introduction to Applied Educational Technology Practicum 2
EDUC 360 Foundations of Education 2
EDUC 419 Secondary Teaching Methods 2
EDUC 420 Secondary Teaching Methods Practicum 1
EDUC 425 Secondary Measurement and Evaluation 3
EDUC 435 Secondary Curriculum Fundamentals 2
EDUC 436 Secondary Curriculum Fundamentals Practicum 1
Professional Semester
EDUC 475 Seminar in Classroom Management 2
EDUC 476 Student Teaching I 5
EDUC 477 Student Teaching II 5
TOTAL HOURS: 130 hours minimum required; at least 56 hours must be 300-400 level.
* These are approved General Education courses and may be counted in the Core Competency Requirements

Business Management Information Systems (B.S.)

PURPOSE
The Business Management Information Systems (BMIS) discipline provides students with an applied knowledge of technology, focusing on the information side of the information technology industry.  The BMIS discipline is concerned with ways in which computer technology can be optimized so that it can provide maximum benefit to a business.

Students in the BMIS major will study topics such as database management, information systems, networking and telecommunications, programming, project management, system analysis and design, and WWW architecture and design.

PROGRAM LEARNING OUTCOMES
The student will be able to:

  1. Evaluate ethical business management information systems practices within the context of the Christian worldview.
  2. Determine effective solutions to hypothetical and/or real life situations using core business management information systems principles and practices and/or tools and techniques.
  3. Construct applications, designs, and plans in the areas of hardware, software, and web architecture for various program and database management systems.

Career Opportunities

Requirements Analyst Information Specialist
Information Analyst Computer Support Specialist
Information Systems Analyst Help Desk Specialist
Programmer Systems Testing Specialist
Business Systems Analyst Database Administrator
Computer Systems Analyst Computer Systems Administrator                                                    
Network Systems Analyst Network Systems Administrator
Data Communications Analyst Teaching in Private and Public Schools
Information Systems Analyst  

Program of Study

Business Management Information Systems Major (B.S.)
General Education: Core Competency Requirements (59-63 hrs)
Courses in the Major (42 hrs)
ACCT 211 Principles of Accounting I 3
ACCT 212 Principles of Accounting II 3
BUSI 301 Business Law 3
BUSI 310 Principles of Management 3
BMIS 200 Enterprise Business Applications and Communications 3
BMIS 208 Application Programming 3
BMIS 310 Web Architecture and Development 3
BMIS 320 IS Hardware and Software 3
BMIS 325 Database Management Systems 3
BMIS 330 Business Data Communication Systems 3
BMIS 340 Studies in Information Security 3
BMIS 351 System Analysis and Design 3
BMIS 405 Business and Economic Forecasting 3
BMIS 460 IS Project Management 3
Cognate Courses (15 hrs)
Directed Courses (Required) (3-12 hrs)*
BUSI 201 Intermediate Business Computer Applications 3
ECON 214 Principles of Macroeconomics 3
MATH 121 College Algebra 3
MATH 201 Introduction to Probability and Statistics 3
GOVT 200 Constitutional Government and Free Enterprise 1 3
Free Electives (0-1 hrs)
TOTAL HOURS: 120 hours minimum; at least 36 hours must be 300-400 level
* These are approved General Education courses and may be counted in the Core Competency Requirements

1 GOVT 200 is required for Intelligence Cognate ONLY; Directed courses are (3-15 hrs)
ACCOUNTING INFORMATION SYSTEMS COGNATE
ACCT 301 Intermediate Accounting I 3
ACCT 302 Intermediate Accounting II 3
ACCT 332 Accounting Information Systems 3
ACCT 404 Auditing 3
ACCT 432 IT Audit 3
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level
APPLICATION DEVELOPMENT COGNATE
BMIS 209 C# Programming 3
BMIS 212 Object-Oriented Programming 3
BMIS 312 Advanced Object-Oriented Programming 3
BMIS 375 Introduction to Human-Computer Interaction 3
BMIS 410 Web Enterprise Technologies 3
TOTAL HOURS: 120 hours minimum; at least 39 hours must be 300-400 level
DATA NETWORKING COGNATE
BMIS 331 Networks 3
BMIS 335 Network Security 3
BMIS 430 Advanced Networking and Communication Systems 3
BMIS 470 Executive Perspectives on E-Commerce Technology 3
BMIS 499 Internship 3
OR
BMIS 410 Web Enterprise Technologies
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level
DATABASE COGNATE
BMIS 212 Object-Oriented Programming 3
BMIS 326 Introduction to Oracle 3
BMIS 327 Advanced Oracle 3
BMIS 425 Advanced Database Concepts 3
BMIS 499 Internship 3
OR
BMIS 410 Web Enterprise Technologies
TOTAL HOURS: 120 hours minimum; at least 42 hours must be 300-400 level
GAMING TECHNOLOGIES COGNATE
BMIS 212 Object-Oriented Programming 3
ARTS 222 Desktop Publishing 3
ARTS 351 Digital Imaging 3
ARTS 473 2D/3D Graphics and Animation 3
ARTS 474 Interactive Game Development 3
TOTAL HOURS: 120 hours minimum; at least 39 hours must be 300-400 level
GLOBAL STUDIES COGNATE
GLST 200 Introduction to Global Studies 3
GLST 290 Cultural Anthropology 3
GLST 350 World Religions 3
GLST 350 World Religions 3
GLST 441 Career Preparation for Global Workers 3
ICST 341 Missionary Discipleship and Church Planning 3
TOTAL HOURS: 120 hours minimum; at least 42 hours must be 300-400 level
INFORMATION ASSURANCE COGNATE
BMIS 331 Networks 3
BMIS 335 Network Security 3
BMIS 341 Information Security Planning 3
BMIS 342 Cyber Security 3
BMIS 440 Digital Forensics 3
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level
STRATEGIC INTELLIGENCE STUDIES COGNATE
GOVT 380 Introduction to Intelligence 3
GOVT 381 Intelligence Analysis 3
GOVT 480 Terrorism 3
GOVT 481 Counter-Terrorism 3
GOVT 483 Military Intelligence 3
OR
GOVT 484 Strategic Intelligence
TOTAL HOURS: 120 hours minimum; at least 45 hours must be 300-400 level
WEB DEVELOPMENT COGNATE
BMIS 410 Web Enterprise Technologies 3
BMIS 470 Executive Perspectives on E-Commerce Technology 3
ARTS 222 Desktop Publishing 3
ARTS 351 Digital Imaging 3
ARTS 472 Interactive Multimedia 3
TOTAL HOURS: 120 hours minimum; at least 42 hours must be 300-400 level

Accounting Minor

PROGRAM LEARNING OUTCOMES
The student will be able to:

  1. Demonstrate competence in basic accounting procedures and principles.
  2. Communicate effectively using appropriate research style and methods.
Accounting Minor (18 hrs)
ACCT 211 Principles of Accounting I 3
ACCT 212 Principles of Accounting II 3
ACCT 301 Intermediate Accounting I 3
ACCT 311 Cost Accounting I 3
ACCT 401 Taxation I 3
BUSI 301 Business Law 3

Business Minor

PROGRAM LEARNING OUTCOMES
The student will be able to:

  1. Demonstrate competence in core business principles and strategies.
  2. Communicate effectively using appropriate research style and methods.
Business Minor (18 hrs)
ACCT 211 Principles of Accounting I 3
ECON 214 Principles of Macroeconomics 3
BUSI 301 Business Law 3
BUSI 310 Principles of Management 3
BUSI 472 Organizational Ethics 3
BUSI 303 International Business 3
OR
BUSI 330 Principles of Marketing

Business Management Information Systems Minor

Business Management Information Systems Minor (18 hrs)
BMIS 200 Enterprise Business Applications and Communications 3
BMIS 208 Application Programming 3
BMIS 212 Object-Oriented Programming 3
BMIS 325 Database Management Systems 3
BMIS 351 System Analysis and Design 3
BMIS 405 Business and Economic Forecasting 3

DEGREE COMPLETION PLANS
Degree Completion Plans for programs offered by the School of Business can be accessed online at: http://www.liberty.edu/dcps.

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