This course provides the student with a practical framework and heightened sensitivity with respect to the various laws impacting on small business. Emphasis is placed on the student exploring first hand legal issues arising from contracts, employment relationships and the workplace, negligence, competition, human rights, business structures, taxation and municipal ordinances. Related issues with respect to Risk Management will also be explored. Upon completion of the course, the student will have a practical understanding of the various legal and risk related issues involved in operating a small business. This course develops the mathematical skills necessary for all other business courses.
Students apply intermediate algebraic operations to business problems.
In addition, the students will learn the nature of and accounting for capital assets, accounts receivables, uncollectible and current and long term debt. Students will also be introduced to accounting for partnerships and corporations, financial statement analysis and the statement of cash flows. This course covers the foundation of business finance with emphasis on financial decisions made by owners. Content includes analysis of the financial environment, budgeting, present value and cash flow analysis, sources and uses of funds, working capital, debt and equity, finance decision-making, and financial planning. In this course students are timetabled three hours per week for eight weeks to make contacts, secure a placement for their semester four Work Placement and develop a plan for their work placement.