BUSINESS FINANCE

Masters of Science in Business Administration

BUS 550

Breyer State University
Instructor: David M. Kolenich Ph.D, MBA, BBA, BS.

SYLLABUS

COURSE OVERVIEW: Welcome to Business Finance, a Masters Level course in the curriculum for the Degree, Masters of Business Administration. I am pleased to instruct you in this course, which will be a foundational course for the remainder of your studies in the Masters program.

This is an exciting course, a course that explores the distant concepts and exotic buzzwords of finance and explains them in an easy-to-understand-manner so that you can ask intelligent questions of your finance and accounting personnel and understand their answers. Without that knowledge, a manager, whether he/she is in sales or production or marketing, will be ill-equipped to communicate with accountants or financial officers and will most-assuredly be lost and will likely be left behind for future promotions. It often been said that finance is the language of business. One would be well advised to learn it.

This course solves the aforementioned difficulties for someone lacking financial knowledge. It takes us to a fresh starting place in understanding the principles and theories of handling debits and credits and journals to the details of analyzing balance sheets and income statements.

I know you will enjoy this course. Please learn as much as you can as you progress through it, as it does lay down a solid foundation for the rest of the curriculum. It is my pleasure to have you in the course.

TIME FRAME: This is a five-semester hour course. This course is allotted ten weeks of time. You must complete all of the requirements for the course successfully by the end of the ten-week period. The first day of week one will begin the day that you register for the course, or the day which you notify me that your textbook has arrived and you are ready to begin your studies. Please be cognizant of the time frame. It is rare that extensions of time are permitted, unless you have good justification. Upon successful completion of this course, you will be awarded five semester hours of credit.

TEXTBOOKS: There is one (1) required textbook for this course.

Book 1: The McGraw-Hill 36-Hour Course In Finance For Nonfinancial Managers. Robert A. Cooke. New York; McGraw-Hill, Inc.: 2004.  ISBN # 0-07-142546-2.

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EXAMINATIONS: There is one examination for this course, a final exam that must be taken by the end of the tenth week in the course. The final exam covers the material in the book, "The McGraw-Hill 36 Hour Course In Finance For Nonfinancial Managers by Robert A. Cooke."

The exam is programmed and is located in the classroom for this course. The examination is "open book" objective type. You will have two (2) days to complete your exam, once you access it from the classroom. To access the exam, you must send me an email and request to have access to the exam. Upon registration, you will receive my email address. I will then program your access in. You will receive an email back from me telling you that you are now authorized to go ahead and to access your exam. To access, you will come into the classroom, click on testing, and click on the exam you are taking. You will need your User ID and PASS WORD to access the exam. The exam will appear on your screen. Once you access the exam, you have forty-eight hours to submit your answers. The program provides me the exact date and time that you accessed the exam. The program also notifies me of the exact date and time that you submitted your answers. Thus, the program is timing you. When you are ready, go back into the classroom and click in your responses and then click submit. Shortly, you will receive the exam in your email box with your computed score. You will also know what questions, if any, that you missed, and what the correct answer is. I also receive a copy of your exam and your score.

GRADING: The grading scale for this course is as follows:

90-100%    = A
80-89%      = B
70-79%      = C
Below 70% = Fail

COMMUNICATION: You are encouraged to communicate with me. I am available as a teacher, coach, and mentor to assist you in meeting your goals for this course. Primarily, communication is through email. However, I am also available for conversation by telephone if you would like. Our classroom for this course has a "chat" room. I am also very willing to meet with you one-on-one in the chat room at your request. From time to time, depending on how many students are enrolled in this course at a particular time, we will have some scheduled group chats. You will receive more detailed information at the time such chat sessions are scheduled. Please keep my email address handy so that you can contact me whenever necessary. If at any time during this course you change your email address, please be sure to notify me right away.

WRITTEN ASSIGNMENTS: There are no written assignments for this course. There is a considerable amount of reading involved in this course, and I would prefer you spend your time with the books learning the material.

ABOUT YOUR INSTRUCTOR: I, David M. Kolenich, Ph.D, MBA, BBA, BS., currently teach undergraduate and graduate courses at Breyer State University. I hold a Doctorate degree in Business Management, a Masters in Business Administration, a Bachelor of Science in Business Administration, and a Bachelor of Food Service Management. I have owned and operated my own restaurant, managed various other large volume restaurants and hotels, managed businesses related to the steel industry, bought and sold real-estate, and have been an officer in various labor relation committees for eight years. I have been an active handball player for over twenty years, winning many state and local tournaments. In 1987, I won the United States Handball Association's National "C" Crown. I am also an avid Table Tennis player, again, winning many tournaments. I am the author of two books, one in finance and one in fiction. Both are currently under review in New York.

I am Administrative Assistant to the President of Breyer State University, and the Dean of Faculty.

COURSE OBJECTIVES: Upon completion of this course, you will be able to:

1). Understand the breath and scope of the numbers of business finance.
2). Evaluate the basic principals of cash accounting and accrual accounting.
3). Understand when to use and when not to use cash accounting.
4). Learn the various types of sales.
5). Understand techniques on handling cost of sales.
6). Demystify variable and fixed expenses.
7). Understand various ways to depreciate equipment.
8). Understand when to lease or when to buy equipment.
9). Learn the balance sheet.
10). Understand accounts receivable.
11). Understand liabilities.
12). Acquire the expertise in building equity.
13). Understand the art of valuing stock.
14). Learn how to budget.
15). Understand unit costs and standard costs.
16). Analyze the income statement.
17). Understand financial ratios.

ASSIGNMENTS: For specific assignments, please click on the link "Assignments."

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