Business Administration Degrees and Certificates

THE BUSINESS ADMINISTRATION MAJOR (BS) Associate Professor: Angela Buchanan Visitin

Business Administration

g Assistant Professor: Peter Staples

The Business Admin

istration major provides students with an understanding of complex bu

siness environments, administrative practices and processes, and th

e structure and role of organizations, through the entrepreneurial le

ns. It introduces students to the concepts and theories of management a

nd decision-making while providing experience-based opportunities

in which to apply these concepts. Students will focus their studies and

select an emphasis in at least one of three areas: management, accounti

ng, or finance. As students advance, they will have the opportunity to a

pply their knowledge by researching, writing, and presenting a busine

ss plan. Students will also have the opportunity to apply their learned

skills to the management of a real fund, through an endowment-funded in

vestment portfolio. The business administration major offers gradua

tes the flexibility to choose between entry-level managerial positio

ns, advanced study, and/or the launch of a new opportunity. In the Senio

r year, the program ends with a year-long Capstone Experience that incl

udes Entrepreneurship, where student teams create a business plan. Th

e teams then compete in a business plan competition in the second semest

er of the Capstone Experience.

NOTES

* Students may use ECO 101 and B

US 323 to satisfy core requirements.

* Students may elect ECO 215 a seco

nd and third time.

NOTE: To graduate with a Bachelor of Arts or Bachelor o

f Science degree from Lyon College, students must successfully complet

e a minimum of 120 semester credit hours comprised of our required Core cu

rriculum (44-48 hours), the requirements of at least one major (credit h

ours vary per major), and a selection of our Liberal Arts electives. They

must also earn at least a 2.00 cumulative grade point average for all work

SUMMARY OF REQUIREMENTS FOR A MAJOR IN BUSINESS ADMINISTRATION Item # Title Credits

taken at Lyon College and a 2.00 cumulative grade point average in their m

Program: Business Adm

ECO 101 Principles of Economics I 3

ECO 102 Principles of Economics II 3

ADDITIONAL MAJOR REQUIREMENTS: FINANCE EMPHASIS Item # Title Credits

ADDITIONAL MAJOR REQUIREMENTS: MANAGEMENT EMPHASIS Item # Title Credits

ADDITIONAL MAJOR REQUIREMENTS:

ajor, minor, and concentration.

inistration

ACC 210 Principles of Accounting I 3

ACC 211 Principles of Accounting II 3

BUS 210 Principles of Management 3

BUS 303 Business Law 3

BUS 306 Principles of Marketing 3

BUS 311 Operations Management - 3

ECO 320 Corporate Finance I 3

BUS 323 Statistical Applications to Business Decision Making 3

ECO 215 Investment Portfolio Management 1

BUS 415 Entrepreneurship 3

BUS 420 Business Capstone 3

Sub-Total Credits 34

ECO 330 Corporate Finance II 3

Finance Electives 6

Sub-Total Credits 9

Management Electives 9

Sub-Total Credits 9

ACCOUNTING EMPHASIS Item # Title Credits

CORE CURRICULUM Item # Title Credits

CATEGORY DESCRIPTIONS

Item # Title Credits

ACC 311 Intermediate Accounting I 3

ACC 320 Cost Management I 3

ACC 335 Foundations of Taxation 3

Accounting Electives 3

Sub-Total Credits 12

Core Curriculum Requirements 44 - 48

Sub-Total Credits 44-48

Total credits: 87-94

Finance Electives

Total Credits: 6 Choose 2 of the following:

ACC 382 Special Topics in Accounting 1 - 3

ECO 306 Econometrics 3

ECO 382 Special Topics in Economics 1 - 3

ECO 390 Money and Banking 3

ECO 401 Multinational Financial Management 3

ECO 410 International Economics 3

Item # Title Credits

Item # Title Credits

ECO 475 Investments 3

ECO 482 Special Topics in Economics 1 - 3

BUS 450/455 Internship or Senior Thesis 3

Management Electives

Total Credits: 9 Choose 3 of the following:

BUS 315 Organizational Behavior 3

BUS 375 Human Resource Management 3

BUS 480 Business Strategy 3

BUS 450/455 Internship or Senior Thesis 3

BUS 382 OR BUS 470 3

Accounting Electives

Choose 1 of the following:

ACC 312 Intermediate Accounting II 3

ACC 325 Cost Management II 3

ACC 300 Accounting Systems 3

ACC 382 Special Topics in Accounting 1 - 3

Core Curriculum Requirements

Developmental requirements (up to 6 credits):

Taken in the first semester, if placed into it:

• ENG 001 College English

Taken in the first year, if placed into it:

• MTH 001 Intermediate Algebra

Proficiency requirements (15 credits):

Taken in the first two years, if not placed out of it:

• MTH 101 College Algebra or • MTH 103 College Algebra w/Lab or • MTH 105 Mathematics for Liberal Arts

Taken in the first year (depending on placement):

• ENG 101 English Composition I (taken immediately if placed into it or immediately following completion of ENG 001 with a grade of 'C' or better)

• ENG 102 English Composition II (taken immediately following successful completion of ENG 101 with a grade of 'C' or better)

Recommended but not required in the first year:

• First-year of a foreign language

Common Core requirements (13-14 credits):

Taken in the first year (or within one year of completing any pre-requisite coursework):

• COR 100 Year One • COR 101 Year One OH ONE

Taken anytime in the first TWO years:

• ENG 105 World Literature • POL 105 The American Experience

Taken anytime prior to graduation:

• HIS 110 World Civilization • HIS 112 World Civilization II

Distribution requirements:

One fine arts course (3 credits)

Select from the following:

• ART 101 Introduction to Visual Arts • ART 201, 202 World Art I and II • MUS 105 Language of Music • MUS 110 Music Theory • THE 101 Introduction to Theatre

One social science course (3 credits)

Select from the following:

• ANT 101 Introduction to Cultural Anthropology • ECO 101 Principles of Economics I • PSY 101 Introduction to Psychology

One mathematics course (3-4 credits)

Select from the following:

• MTH 105 Mathematics for Liberal Arts • MTH 110 Elementary Functions • MTH 115 Discrete Mathematics or MTH 290 Foundations of Modern Mathematics • ECO 208 Quantitive Methods in Business, Economics, and Decision Science • MTH 210 Calculus I • BUS 323 Statistical Applications to Business Decision Making • PSY 235 Statistics for the Behavioral Sciences

One lab science course (4 credits)

Select from the following:

• BIO 100, 100L Biology in Context • BIO 110, 110L Principles of Biology I • CHM 105, 105L Introduction to Chemistry • CHM 110, 110L General Chemistry I • PHY 210, 211 General Physics • PHY 240, 241 Fundamentals of Physics • SCI 100, 100L Physical Science for Liberal Arts

One religion/philosophy course (3 credits)

Select from the following:

• RPH 110 Old Testament • RPH 120 New Testament • RPH 130 Introduction to Christian Theology • RPH 140 Introduction to World Philosophies • RPH 150 World Religions • RPH 205 Introduction to Ethics

Two physical education courses (0-2 credits)

Select from the following:

• PED courses with designations from 101 to 130

• OLP courses with designations from 120 to 130

NOTE: Only one activity (specified PED/OLP) course can be taken per semester. Additionally, only seven activity credits can be counted toward the graduation requirement.

THE BUSINESS ADMINISTRATION MINOR

The business administration minor is a course of study de

signed as a second field for students who wish to develop an understandi

ng of the basic functions impacting the decision-making process in eco

nomic organizations.

NOTES

* Students may use ECO 101 to satisfy cor

SUMMARY OF REQUIREMENTS FOR A MINOR IN BUSINESS ADMINISTRATION Item # Title Credits

e requirements.

Program: Business Administration

ECO 101 Principles of Economics I 3

ECO 102 Principles of Economics II 3

ACC 210 Principles of Accounting I 3

ACC 211 Principles of Accounting II 3

BUS 303 Business Law 3

BUS 210 Principles of Management 3

BUS 306 Principles of Marketing 3

Sub-Total Credits 21

Total credits: 21

Business Administration (BUS) Classes ACC 210: Principles of Accounting I

A course designed for all students interested in understanding the financia

l accounting and reporting process. No previous background in accounting or

business is required. The course focuses on developing an understanding of t

he accounting cycle and its role in converting data related to business event

s into financial knowledge, which is then used to inform decision-making by i

ACC 211: Principles of Accounting II

nvestors, creditors, and other external parties.

Credits:3 Prerequisites: Sop

The first component of th

homore status

is course builds on ACC 210, extending the external financial accounting mod

el to consider the reporting of equity and debt financing decisions by corpor

ations with emphasis on the corporate income statement and statement of cash

flows. The second component of this course focuses on managerial accounting

and explores the internal use of accounting information in the organization

ACC 300: Accounting Systems

s’ decision-making process.

Credits:3 Prerequisites: ACC 210

An introduction to the design, implementation,

and control of accounting information systems. Students will perform a seri

es of hands-on projects to reinforce the conceptual and theoretical aspects

ACC 310: Essentials of Accounting

of accounting systems.

Credits:3 Prerequisites: ACC 211

This is a comprehensive course which covers accoun

ting principles associated with financial and managerial accounting. The c

ourse focuses on understanding and measuring business transactions and the

ACC 311: Intermediate Accounting I

capture of related economic data in the accounting system.

Credits:4

An advanced cour

se studying the analysis, presentation and interpretation of operations an

d financial position with emphasis on accounting theory, critical evaluati

ACC 312: Intermediate Accounting II

on of accounting concepts and controversial issues in accounting.

Credits:3 Pr

This c

erequisites: ACC 210 ACC 211

ourse is a continuation of Intermediate Accounting 1. Topics include long-t

erm investments, long-term liabilities, capital stock, retained earnings

ACC 320: Cost Management I

, dividends, error correction, and incomplete records.

Credits:3 Prerequisit

An introduction t

es: ACC 311

o the basic concepts and tools associated with cost management information s

ystems, including an in-depth examination of product costing, planning and

control, and cost analysis within the context of the traditional, functiona

l-based cost systems companies in both the manufacturing and service sector

ACC 325: Cost Management II

s use.

Credits:3 Prerequisites: ACC 211

Examination of the latest developments in course management systems T

opics include activity-based costing, strategic cost management, process

value analysis, kaizen costing, quality costing, productivity, environme

ntal cost management, and the balanced scorecard. Students will also examin

e the role of cost information in management decision-making and the models u

ACC 335: Foundations of Taxation

sed to facilitate this process.

Credits:3 Prerequisites: ACC 320

This course will focus on an introduction to F

ederal Taxation policy and practice. Students will study the process of impl

ementation of tax law and policy in the context of economic and social policy w

ithin the political process. Students will also learn the practical require

ments of current tax law and regulations as they pertain to individual taxpay

ers. Students will also apply this knowledge in the preparation of simple to m

oderately complex tax returns using software similar to what is used by profe

ACC 382: Special Topics in Accounting

ssional tax preparers.

Credits:3 Prerequisites: ACC 210 ACC 211

Study of selected topics in Accounting. Prerequisite

BUS 208: Career Professionalism

s will vary. Credits:1 - 3

Preparation of students for career success. Students will ev

aluate appropriate career direction, create relevant goals, identify tran

sferable skills and experience, and effectively market themselves in resum

es, cover letters, portfolios, networking environments, and employment in

BUS 210: Principles of Management

terviews.

Credits:1

A survey of effective management techniques for achieving organi

zational objectives in business, non- profit institutions, and government

agencies with emphasis the four basic functions of management: planning, or

BUS 302: Governance, Business, and Society

ganizing, leading, and controlling.

Credits:3

The course involves analyses of the in

tersection of government, business, law, and society. Policies, ethics, an

d the maintenance and regulation of competition at the local, national, and g

lobal levels are explored in relation to how organizations are governed – int

BUS 303: Business Law

ernally and externally.

Credits:3 Prerequisites: BUS 210

A systematic analysis of the legal concepts applic

able to business organizations, legal rights and remedies, secured transac

BUS 306: Principles of Marketing

tions, commercial paper, property, and bankruptcy. Credits:3 Prerequisites

A survey of activ

: Junior or senior status or permission of instructor.

ities involved in the marketing of products to consumer and industrial marke

ts. Topics include pricing, product development, promotion, distribution

BUS 310: Consumer Behavior

, and environmental forces that affect marketing.

Credits:3 Prerequisites: EC

An introduction to cons

O 101

umer behavior as it affects an organization’s marketing strategy and policy

decisions. The course offers various perspectives on marketing activities

with emphasis on basic psychological, social, cultural, and situational in

BUS 311: Operations Management

fluences.

Credits:3 Prerequisites: BUS 306

Examination of techniques and procedures relating to the design

of operations, including planning and control, quality control, inventory

management, maintenance management, and product planning systems. Not rep

BUS 315: Organizational Behavior

eatable for credit.

Prerequisites: BUS 210 BUS 323

An introduction to the management of individuals and s

mall groups in the work place. This course studies the basic theory of behavio

r within organizations, including topics such as the dynamics of small group

s, informal structures within an organization, and the significance of the s

BUS 323: Statistical Applications to Business Decision Making

ocial environment.

Credits:3 Prerequisites: BUS 210

Exploration of the background necessary to run a statis

tical project from data collection through to analysis and interpretation o

f results with emphasis on probability distributions, statistical inferen

BUS 375: Human Resource Management

ce, and regression analysis.

Credits:3 Prerequisites: MTH 101Or MTH 103

Study of the process of managing human resou

rces to achieve organizational objectives. Students will build a foundatio

n for the process of personnel selection, development, and maintenance, as w

ell as consider the activities of unions and other employee organizations.

Cred

BUS 382: Special Topics in Business Administration

its:3

Study of selected topics in business administration. Prerequisites will va

BUS 399: Business Administration International Studies Course: Variable Topics

ry. Credits:1 - 3

Study of varying topics in business administration. Includes a two-w

BUS 402: Marketing Research and Analysis

eek Nichols trip. Prerequisites will vary. Credits:1

Study of how management uses m

arketing information systems and marketing research as decision- making to

ols with emphasis on research design, questionnaire construction, samplin

g, data processing, quantitative analysis, and research applications.

Credit

BUS 410: Organization Theory

s:3 Prerequisites: BUS 306 and BUS 323

Holistic study of the organization, focusing on the major determinants of or

BUS 415: Entrepreneurship

ganizational effectiveness. Credits:3 Prerequisites: BUS 210

Part one of the capstone experience requi

red for completion of the business administration major. An examination of t

he activities involved in the planning, establishing, and launching a busin

ess enterprise. Students will explore the various start-up options for bus

inesses and non-profits, then prepare a business plan for the proposed enter

BUS 420: Business Capstone

prise.

Credits:3 Prerequisites: Senior status in the business or economics majo

Part Two of the Business Capstone Experience. Students will com

r. plete the business plans started in BUS 415, prepare for and compete in the Ark

ansas Business Plan Competition. Additional topics include, project impl

BUS 430: International Business

ementation, career development, and career planning.

Credits:3 Prerequisite

An overview of inte

s: BUS 415

rnational business activities with emphasis on gaining an international pe

rspective of cultural dynamics, business practices, political and legal en

BUS 445: Field Study in Small Business Management

vironments, and global market strategies.

Credits:3 Prerequisites: BUS 306

Practical experience exposin

g students to real business situations. Students will serve as consultants t

o small business owners in the region and prepare a case report at the end of the

BUS 450: Internship in Business Administration

semester containing their findings and recommendations.

Credits:1 - 3 Prerequ

Students will

isites: Permission of instructor.

gain field experience through direct, supervised work in a selected, approv

ed company. The internship will involve a minimum of 140 contact hours over th

e course of a semester, and interns will provide periodic reports to the facul

BUS 455: Senior Thesis

ty supervisor. Course can be taken two times for credit.

Credits:3 Prerequisites

Students

: Declared Business or Economics major in senior year with cumulative GPA mini

will conduct independent research on a selected subject in the area of busine

mum of 2.75

ss administration. Faculty members will guide students through the researc

h process to accomplish agreed upon objectives, and students will submit a re

search paper and make an oral presentation at the end of the semester. Prerequ

BUS 470: Topics in Business Administration

isite:

Credits:3 Prerequisites: Declared Business major in senior year.

Concentrated study of selected advanced topics in Management, Op

erations, Marketing, Human Resources, and Accounting. Prerequisites will

BUS 480: Business Strategy

vary. Credits:1 - 3

Examination of the problems involved in the formulation and executi

on of business policies and maintenance and development of an effective orga

nization. Includes the use of case studies as a basis for discussion. Credits:3

Prerequisites: Declared major in final spring semester.