Understanding the role of finance in the business firm. A survey of economic principles emphasizing supply and demand analysis, monetary and fiscal policies, and national income accounting. The focus is on the common forms of business communication. This includes writing business letters, memos, minutes, reports, and resumes as well as conducting interviews. Understanding and analyzing the formal and informal relationships between individuals and groups in the business environment.
Emphasis is placed on the staffing function of a manager with all the related activities.
During the course students practice using accounting software on the computer. The course will cover accounting for cash and banks, receivables, payables, accruals, inventory, depreciation, and amortization. During the course students practice using accounting software on the computer. The course will also cover generally accepted accounting principles, analysis of financial statements, and cash flows. Understanding the concepts and principles underlying the development of cost information for decision making.