Senate Document #8 (APC Document #10) Management Curricular Revisions and Implementation of Accounting Major Effective: Fall 1984 or Immediately, As Appropriate COURSE CHANGES: Page 143: Mgmt 315 and Mgmt 316 Increase hours to 4 each. RATIONALE: It is the considered opinion of the accounting faculty that the volume of material required to prepare the students for advanced accounting courses cannot be covered in the existing 3 hour allotment. Page 144: Mgmt 320 Change title and description to: Management of Health Services (3) Principles of management as applied to the unique characteristics of the Health Services Organization. Coverage of: planning and design, implementation and operations, control and evaluation as well as the structure and functions of health care institutions. Prerequisite: Mgmt 200. DELETE COURSE Page 146: Mgmt 431 Supervision: Theory and Practice (3) ADD NEW COURSES: Mgmt 360 Small Business Management (3) The study of the special problems, analyses required and the unique managerial skills involved in the development and operation of a small business. Prerequisites: Mgmt 200, 215, 350. Page 2 RATIONALE: The backbone of the American economy is the small business. Many of the students become part of a small business upon graduation. Mgmt 470 Small Business Development (3) This course involves the student under faculty supervision with an operating small business. The objective is to gain first hand experience with the problems and challenges facing a typical small business. Prerequisites: Mgmt 216, 340, 360. RATIONALE: By getting the students closely involved with the local business community both the students and the university will gain. This course will be operated in conjunction with the Small Business Administration. Mgmt 447 Advanced Tax (3) Study of advanced topics in individual, partnership, corporate, estate and gift taxes. Prerequisite: Mgmt 417. RATIONALE: The complexity of the tax laws make it impossible for the student to take a single tax course such as Mgmt 417 and still meet their professional and educational responsibilities in the tax area. Page 141: "1 Required courses in major 30" change to "27" and delete "Mgmt 140." "II Required courses outside the major 10" change to "13" and add "Econ 306." RATIONALE: The revised course Mgmt 140 will be a service course and no longer is included as part of the management track. Econ 306 is added to increase the management majors' quantitative skills. Page 142: "Financial Management Track" Delete "Econ 306"; and "Econ 210." Page 3 RATIONALE: Econ 306 is now in core, Econ 210 fills a certain void in this track. Page 142: Following the listing of the track requirement add: "CERTIFICATE IN HEALTH CARE ADMINISTRATION: This certificate is offered for those individuals presently employed in the Health Care Field. The individual will be required to successfully complete the following courses with a grade of "C" or better: Mgmt 200, 216, 313, 320, Computer Science 141 and Communications 269. (Please contact the Management Department for further information.)" RATIONALE: This certificate is part of the UNC-As increased emphasis in serving the educational and career needs of the health care people in the vicinity. NEW MATERIAL FOR NEW CATALOGUE: (All accounting entries are to be renamed Acct XXX, for a separate catalogue section.) "The Management Department offers a Bachelor of Science in Accounting." The purpose of this degree is to provide students with appropriate background, skills and interest to enter an area of accounting. The core is designed to give a basic understanding of the business world and a background in the generalized areas of accounting. The program offers of the courses necessary to take the Certified Public Accountant exam (CPA) and the Certified Management Accountant exam (CMA). I. The core requirements for the B. S. in Accounting degree is 36 semester hours. The required courses in the major area are: Mgmt 200, 215, 216, 315, 316, 317, 340, 417. The required courses outside the major are: Computer Science 141, Economics 201, Statistics 125. ACCOUNTING TRACKS In addition to the accounting core each accounting major must complete one of the tracks shown below. Any substitutions for these courses MUST be approved in writing by the major Page 4 department chairman. FINANCIAL ACCOUNTING TRACK - For those students whose interests are in public accounting and/or who wish to take the CPA examination. Mgmt 380, 415, 416, 418, 419, 440 Comm 269, Econ 210. MANAGERIAL ACCOUNTING TRACK - For those students who plan to prepare for business related careers in private accounting. A graduate of this track may seek a Certificate in Management Accounting (CMA). Mgmt 313, 318, 350, 380, 415, 440, 460, 461. Page 145+: DELETE "Mgmt 140" as a prerequisite wherever found in the catalogue. Page 144: Mgmt 318 Change title to: "Advanced Managerial Accounting" Page 143 Course description changes. 215 Principles of Accounting I (3) An introduction to financial accounting. Emphasis on the principles and most common practices used to generate the balance sheet and the income statement. 216 Principles of Accounting II (3) An introduction to managerial accounting: techniques of accounting for internal control, planning, and special decisions. Develops understanding of the time value of money and the statement of change in financial position. RATIONALE: To more accurately describe course content. Page 144: Title Change 321 Financial Management of Health Care Institutions RATIONALE: To better describe course content. Page 142: Change description. Page 5 "Health Care Administration Track:" Management 320, 321, 322 and either 420 or 421 and an additional 12 semester hours of approved courses from Management 422; Psychology 212, 215; Sociology 362; Special Topic courses approved in advance by track coordinator. RATIONALE: To make this track consistent with all other tracks offered by providing a required "core" of basic knowledge for all students choosing choosing this track, while also allowing for other specialty areas of interest.