This course is designed to examine both the functions of management (planning, organizing, leading, and controlling) and the aspects of business (marketing, finance, and production). Students will address a current issue facing management today with consideration given to the external factors affecting business.
Students Learning Outcomes
- Summarize what management is and the essential roles managers perform.
- Describe the meaning and applications of the four functions of management: planning, organizing, leading, and controlling
- Apply effective management techniques to the several aspects of business
- Demonstrate an understanding of management through an applied project
- Know the historical roots of contemporary management practices.
- Understand the management environment.
- Understand the foundations of planning.
- Understand foundations of decision-making.
- Understand basic organization designs.
- Understand staffing and human resource management.
- Understand how to manage change, stress, and innovation.
- Understand foundations of individual and group behavior.
- Understand work teams.
- Know how to motivate and reward employees
- Understand leadership and trust.
- Understand communication and interpersonal skills.
This course extends the concepts of Accounting I
to cover procedures for larger or more complex business entities. It will
demonstrate Special Journals, Corporate accounting, and end-of-year adjustments
for Fixed Assets, Receivables, and Inventory.
1. Understand that improper handling of capital expenditures can result in incorrect financial statements.
2. Discuss short-term notes payable, remind that the interest rate is expressed annually and needs adjusting to the appropriate time period (principal * rate * time).
3. Understand long-term liabilities, particularly bonds payable, as a way to finance operations.
4. Describe the corporation, the dominant form of business organization in our country.
5. Present stockholders’ equity by examining the Retained Earnings account and transactions affecting Retained Earnings.
6. Analyze elements of financial statement– horizontal, vertical, and ratio analysis.
7. Distinguish management accounting from financial accounting.8. Discuss manufacturing companies and the three inventory accounts— materials, WIP, and finished goods. We focus on a particular costing method, job order costing.
This course provides an introduction to the basic concepts of analyzing costs for purposes of managerial planning and control. The traditional job and process costing procedures are studied, along with the analysis of cost behavior, standard costing, budgeting, and costs that are relevant for making decisions.
1. Define cost accounting, its relationship to management accounting and financial accounting, and its importance to management decision-making.
2. Describe the budgeting process, the development of the master budget, and how implementing a responsible accounting system can enhance organizational cost control.
3. Explain the value of cost-volume profit analysis, including cost behavior, problem solving for the breakeven point and projections of profit, and cost-per-unit analysis.
4. Describe the advantages and disadvantages of the job order cost system and process cost system, and the importance of the work in process function in each system.
5. Identify inventory management issues that affected production and are affected by cost control decisions, and the efficiency of the just-in-time system.6. Improve understanding of the effect of technology in cost accounting applications.
This course teaches students how to use financial
statements and the accounting systems that provide the data needed to make
business decisions. This course presents principles of accounting and financial
management as they relate to managerial decision-making. Financial statement
and annual report analysis, cash budgeting, capital management, long-term
financing and financial forecasting are covered.
successful completion of this course, the student will be able to:
·Review financial statements and apply financial analysis techniques including ratio analysis for decision making
2. Analyze and interpret data (identify what the numbers mean and where they came from)
3. Demonstrate knowledge of what constitutes ethical reporting and good corporate governance.
4. Apply accounting concepts to real businesses
This course examines the aspects of acquisition
and material management. Students examine the functional roles of those
individuals having responsibility in this area. The course includes
discussion of acquisition law, operations management, pricing, negotiations,
· Explain the process of analyzing the core concepts and principles of purchasing as the foundation for supply management for the government
· Define the difference between commercial and government purchasing
· Explain purchasing strategies, objectives, tactics, terminology and operating systems
· Describe the purchasing and materials management
This course introduces the basic business
transaction patterns, and how they are processed through the accounting cycle.
It will include double-entry accounting applying the accrual basis, the
elements of Income Statements and Balance Sheets, and end-of-period closing
entries. These concepts will be developed through exercises involving
- Identify the roles of international financial markets.
- Describe the various forms of multinational firms.
- Articulate the general policies and procedures relating to the world financial markets and institutions.
- Analyze the basics of how the international financial market works.
- Compare and contrast the process of foreign exchange market, and exchange rate determination
This course provides an overview of the field of
marketing to give students an awareness of the institutions and methods
employed in the marketing of goods and services. Discussions cover such topics
as marketing strategies, opportunity and environmental analysis, new product
development, and pricing. Different types of advertising media and their
adaptation to various types of business activities are reviewed.
- Explain the marketing process
- Discuss the four “Ps” of marketing
- Demonstrate an understanding of the basic methods of advertising
- Explain the marketing issues involved with introducing a new product
- Demonstrate an understanding of the similarities and differences in marketing goods vs. services
- Explain and utilize the basics of marketing research