Business Foundation Courses*: 12 Credit Hours Foundation courses for students who did not primarily study business as an undergraduate.
This course covers fundamental concepts and procedures of financial and management accounting for business decisions. Financial accounting provides information primarily for external decision makers such as investors, creditors, suppliers, and government agencies. Management accounting serves the needs of managers to fulfil organizational objectives. Case studies will illustrate accounting and ethical issues. Topics include generally accepted accounting principles, international accounting standards, financial accounting procedures, financial reporting, inventory and depreciation methods, and cost analysis. Three (3) Credit Hours.
This course covers the basic tools of economic analysis. The microeconomic component of the course examines decision making by the individual economic unit, addressing such topics as demand and supply, price and output determination, cost behaviour, profit maximization, and competition. The macroeconomic component examines models to explain: national output, inflation, and unemployment; and how fiscal and monetary policies stabilize the economy. Three (3) Credit Hours.
The course focuses on: (1) graphical and arithmetical description of data; (2) the use of computer software in solving statistical problems; (3) the theory of probability; (4) probability distributions and sampling distributions; and (5) estimation and hypothesis testing. Three (3) Credit Hours.
This course takes the perspective of the corporate financial manager attempting to pursue strategies that increase shareholder wealth. Basic tools necessary for analyzing and interpreting financial data will be developed. In FIN 641 we will emphasize the corporate investment decision (how firms should spend money). Topics in FIN 641 include: financial statement analysis, financial planning, measuring value, pricing bonds and stocks, the relationship between risk and return, cost of capital and capital budgeting. Three (3) Credit Hours.