Program Review Business Administration Dr. Richard Harvey, Dean Dr. Jack Kirby, Associate Dean May 2009

Direct - Exam

Direct - Exam

Direct - Exam

Direct - Exam

Direct - Exam

Principles of Accounting I

The students should be able to state the basic accounting equation, explain the meaning of its terms and underlying concepts, and analyze the effect of business transactions on it.

Quizzes

The students should be able to prepare a multiple-step income statement, owner’s equity statement, and classified balance sheet and demonstrate and understanding of the underlying concepts of the statement of cash flows.

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The students should be able to demonstrate the steps in the accounting cycle for both a service enterprise and a merchandising company.

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The students should be able to explain accrual accounting and the underlying principles which cause adjusting entries to be made.

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The students should be able to identify the basic principles of accounting information systems.

The students should be able to identify the basic principles of accounting information systems.

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The students should be able to identify the principles of internal control and explain and demonstrate their application to cash receipts and disbursements.

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The students should be able to explain the underlying concepts of recording receivables and prepare journal entries to record their acquisition, initial and interim valuation, and disposition.

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The students should be able to explain the effect of both periodic and perpetual inventory accounting on sales, gross profit, and net income including their presentation in the income statement.

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The students should be able to explain the underlying concepts of inventory valuation describe the inventory cost flow assumptions and demonstrate the effect of each method of cost flow on the financial statements and on income taxes.

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Principles of Accounting II

Student should be able to record the acquisition, valuation, and disposition of plant assets, natural resources and intangible assets.

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Student should be able to demonstrate the accounting for payroll and other current liabilities.

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Student should be able to record the formation, dissolution, and liquidation of a partnership and the division of partnership net income or loss.

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Student should be able to record common stock transactions and the payment of cash and stock dividends.

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Student should be able to prepare and analyze a corporate balance sheet (especially the Stockholders Equity section) and a comprehensive corporate income statement including earnings per share.

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Student should be able to demonstrate the entries for recording bonds and long-term notes payable.

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Student should be able to prepare a statement of cash flows using the indirect method.

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Student should be able to analyze financial statements using horizontal, vertical, and ratio analysis techniques.

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Corporate Communications

To render an exposure to preparing resumes and interviewing for a job.

To foster good speaking and writing skills as well as critical thinking.

Business Law I

The student will know and understand factual knowledge (legal terminology, classifications) related to business.

The student will know and understand sources of law affecting business.

The student will know and understand constitutional authority.

The student will know and understand how to apply legal concepts to personal and business affairs.

The student will know and understand individual rights.

The student will know and understand elements and terms of contracts.

The student will know and understand relationship of buyer/seller.

The student will know and understand ethics and social responsibility.

Business and Economic Statistics

The student will be able to understand the meaning of “statistics”.

The student will be able to understand the distinction between the population and the sample.

The student will be able to understand the types of statistical data.

The student will be able to understand how statistical data are organized in terms of frequency of occurrence.

The student will be able to understand what kinds of numerical and graphical displays are used for data.

The student will be able to understand how to measure central tendency and dispersion.

The student will be able to understand the basic concepts of probability and how they relate to relative frequency.

The student will be able to understand obtain expected value and variance of the discrete data.

The student will be able to understand learn about the properties of the normal distribution and why it is so important.

The student will be able to understand how the central limit theorem enables us to use the normal curve to find probabilities for future levels of the sample mean.

The student will be able to understand learn about confidence intervals for the mean and proportion and how they are used and constructed.

The student will be able to understand learn about hypothesis testing and how it may be used in decision making.

The student will be able to understand how statistics measures and expresses association between variables.

International Business

Expand students knowledge of international business, including foreign competitors and markets.

Improve students understanding of how cultural, political, economic, environmental, sociological, and legal differences among nations affect the process of doing business abroad.

Improve students understanding of how functional areas of international business such as marketing, management, financing, and accounting are applicable in business operating outside the United States.

Strategic Management and Policy

Students will be able to identify frameworks for analyzing an industry and competitors in a variety of settings.

Students will be able to analyze and evaluate a firm’s performance based on an industry’s structure.

Students will be able to identify and collect data relevant to analysis from a variety of publicly available and primary sources.

Students will be able to analyze data and report to top management in order to facilitate strategic decisions.

Students will be able to utilize strategic tools and theories such as a SWOT analysis, environmental scanning, etc.

Economic Principles and Problems I

Define economics and explain the kinds of questions that economists try to answer.

Explain and illustrate the concepts of scarcity, opportunity cost, production efficiency, and tradeoff using the production possibility frontier.

Explain how demand and supply determine price and quantity in a market and explain the effects of changes in demand and supply.

Define Gross National Product (GDP), describe how it is measured, and distinguish between nominal GDP and real GDP.

Describe the sources and types of unemployment and their economic consequences.

Define money, describe its functions, and explain how banks create money and how Fed controls the quantity of money.

Describe the sources of inflation and how it is measured.

Describe the expansionary and contractionary fiscal policy.

Explain and compare alternative monetary policy strategies.

Economic Principles and Problems II

Explain how demand and supply determine price and quantity in a market and explain the effects of changes in demand and supply.

Define, explain the factors that influence, and calculate the price elasticity of demand, price elasticity of supply, cross elasticity of demand, and the income elasticity of demand.

Explain marginal utility theory and use it to derive a consumer’s demand curve.

Explain how economists measure a firm’s cost of production and productivity in the short run and in the long run.

Describe the characteristics of the four primary market structures: perfect competition, monopolistic competition, oligopoly, and pure monopoly.

Explain how the firm determines its level of output and its profit/loss under the four primary market structures.

Describe how labor wages are determined in the case of competition, Monopoly, and labor union.

Introduction to Financial Management

Upon successful completion of the course, students will be able to describe and analyze financial statements.

Upon successful completion of the course, students will be able to explain financial markets, comprehend the time value of money, perform security valuation, and describe the relationship between risk and return.

Upon successful completion of the course, students will be able to properly develop working capital policy.

Upon successful completion of the course, students will be able to prepare a capital budget by utilizing various capital budgeting techniques.

Fundamentals of Information Systems

Students should be able to Identify the components of an information system.

Students should be able to differentiate data from other management decision making terminology in the business environment.

Microcomputer Applications in Business

Students will be able to understand the fundamental principles of Information Systems and recognize the effective use of information systems in a business environment

Students will be able to analyze a business problem or situation and determine if and/or how computer applications could be used to enhance the decision-making process

Students will be able to construct professional-quality, computer-generated documents to support a given business scenario. The application of the computer process should provide an effective and beneficial aid to the particular circumstances

Principles of Management

After completing reading assignments, participating in classroom discussions, and/or other activities the student will successfully demonstrate to the instructor understanding of the evolution of management thought, management concepts and analytical techniques.

After completing reading assignments, participating in classroom discussions, and/or other activities the student will successfully demonstrate to the instructor an understanding of the four basic management processes (planning, organizing, leading, and controlling).

After completing reading assignments, participating in classroom discussions, and/or other activities the student will successfully demonstrate to the instructor an understanding of the impact of environmental factors, and organizational culture on organization and managerial successes.

After completing reading assignments, participating in classroom discussions, and/or other activities the student will successfully demonstrate to the instructor his/her ability to utilize problem solving, critical thinking skills, and sound ethical management practices to articulate basic management issues.

Principles of Marketing

After completing reading assignments, participating in classroom discussions, and/or other activities the student will successfully demonstrate to the instructor an understanding marketing activities and theories as they relate to creating good customer relations and satisfaction.

After completing reading assignments, participating in classroom discussions, and/or other activities the student will successfully demonstrate to the instructor an understanding of the marketing mix (product, price, distribution, and comm.).

After completing reading assignments, participating in classroom discussions, and/or other activities the student will successfully demonstrate to the instructor an understanding of basic marketing research activity to further understand consumer and business buying behavior.

After completing reading assignments, participating in classroom discussions, and/or other activities the student will successfully demonstrate to the instructor his/her ability to utilize problem solving, critical thinking skills, and sound ethical marketing practices to articulate basic marketing issues.