Discussion of the development and use of accounting information for managerial control and decision making. Accounting methods for cost accumulation and allocation, standard costing, budgeting, inventory valuations, performance measurement, cost-volume profit relationships, special decisions, current developments in managerial accounting, and other topics will be discussed.
The understanding and application of economic theory to the problems of the business enterprise. The use of economic concepts for managerial decision-making. Consumer theory, market structure, cost, profit, and pricing are among the topics covered.
To increase decision-making effectiveness by learning more about quantitative methodology and by better understanding its contribution to the decision making process. Includes analysis and solution of realistic problems using microcomputer software.
A survey of the external environmental variables that affect business operations domestically and internationally. Provides a framework for analyzing and anticipating changes in the environment; considers the impact of competition, economics and financial systems, cultures and technology on business operations.
This course examines legal and ethical issues a manager must consider when making business decisions. Provides an overview of law pertaining to business, international and regulatory topics, and models for review and resolution of ethical issues in business. Critical thinking and legal research skill are introduced and developed.
This course covers an essential area of business that is not currently offered in our core. The operations and supply chain function is responsible for providing the product and/or service offered by an organization. Every business student will either work in the operations and supply chain area of a business or with people in this function during their careers. It is vital for business students to have an understanding of this area and its interface between the other functional areas of a business.
At least 12 hours of Phase I must be completed before taking a Phase II course.
Marketing decision making in a problem solving environment. Emphasizes the firm’s decision-making procedures in planning, product development, pricing, promotion, and distribution. Topics include competitive analysis, opportunity analysis, profitability and productivity analysis, market measurement, strategy, and the role of marketing research and information systems. Extensive use of readings and cases.
A study of the theory and practice of corporate finance. Areas studied include organizing capital expenditure, planning dividend policy and capital structure strategies, making short-term financial decisions, mergers, pension plans, and the international aspect of corporate finance.
An integrative or holistic approach to identifying organizational problems and the development and implementation of possible solutions. Because most courses are primarily concerned with analytical approaches to business decision making, this course focuses on the processes that link the parts together.
Administration of the business firm from the perspective of top management. Involves the formulation and administration of policy, the integration of internal operations with each other and with the environment, the evaluation of business risk and strategy alternatives, and the development of long range plans and programs.
(Director permission: should be taken in last semester.)
In addition to coursework in Phases I, II, and III students must complete 6 credits hours of electives.