Apr 19, 2024  
2022-2023 Catalog 
    
2022-2023 Catalog [ARCHIVED CATALOG]

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BUS 173 - Basic Financial Management

Credits: 5
Provides an introduction to financial management from both a personal and business perspective. Includes cash flow management, planning for major expenditures, the risks and returns of various investment vehicles, and the costs/benefits of using debt.

Course Outcomes:
Students who successfully complete this class will be able to:

  1. Identify the steps involved in personal financial planning.
  2. Develop a personal balance sheet.
  3. Define the main steps and skills required in creating a budget.
  4. Explain the advantages and disadvantages of consumer credit.
  5. Define the major types of insurance and their purpose.
  6. Describe the major types of investments according to their risk/return profile.

Program Outcomes
 

  1. Demonstrate leadership competencies and teamwork skills necessary to resolve interpersonal and organizational challenges that most often occur in the modern workplace.
  2. Communicate clearly, appropriately, and persuasively to business stakeholders, both orally and in writing.
  3. Describe the basics of strategic planning and creative problem solving.
  4. Explain the methods for organizing and delegating work.
  5. Discuss self-management skills related to areas such as goal setting, self-esteem, and problem solving.


College-wide Outcomes
  • Critical Thinking - Critical thinking finds expression in all disciplines and everyday life. It is characterized by an ability to reflect upon thinking patterns, including the role of emotions on thoughts, and to rigorously assess the quality of thought through its work products. Critical thinkers routinely evaluate thinking processes and alter them, as necessary, to facilitate an improvement in their thinking and potentially foster certain dispositions or intellectual traits over time.
  • Responsibility - Responsibility encompasses those behaviors and dispositions necessary for students to be effective members of a community. This outcome is designed to help students recognize the value of a commitment to those responsibilities which will enable them to work successfully individually and with others.



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