• Discuss issues related to globalization, financial goals, and corporate governance.
• Explain the role of the international monetary system and the balance of payments.
• Illustrate the mechanics of the foreign exchange market.
• Discuss foreign exchange exposure including transaction and operating exposure.
• Analyze the role of international portfolio investors.
• Design a global equity strategy.
• Analyze risks associated with international investment.
• Integrate working capital management with international trade and finance.
• Analyze ethical issues related to international finance.

• Define who is the Mortgagor and the who is the Mortgagee
• Find your current credit score, which is FICO
• Compare several mortgage brokers for assistance in receiving the best mortgage loan
• Identify the various alternative financing plans available and typically considered by home buyers
• Define "Points" and explain their purpose
• Check the zoning laws on the lot that you would buy or build your house
• Define Private Mortgage Insurance (PMI)
• Explain the loan-to-value ratio
• Discuss the important of housing to the economy
• Discuss the steps that government and the banking industry take to support home ownership
• Discuss Federal, State and local incentives in place to encourage housing finance

• Explain how your financial decisions impact on your own life and the lives of your family or loved ones.
• Create a financial plan based on your own needs and the needs of others who will be affected by your plan.
• Set financial goals and implement an action plan that will meet these goals.
• Describe strategies for managing the stress that can result from conflicts over purchasing decisions and managing finances.
• Explain how to ensure the financial security of yourself and your family or loved ones.
• Identify strategies for managing investments.
• Describe the principles of retirement and estate planning.

Course Description
This course explores the application of basic financial management techniques within a small business environment (100 or fewer employees). The course will consider financial problems and their solutions faced by persons who start and operate small businesses. Learners will explore the use and purpose of profit and loss statements, balance sheets, equity, debt, retained earnings and financial ratios; as they apply to common and alternatives solutions to the more common financial management problems encountered by small business.

Learning Outcomes
Through the Portfolio Assessment process, students will demonstrate that they can appropriately address the following outcomes:

• Articulate and demonstrate advanced learning/knowledge/experience or accomplishments in the two following areas:
  • Preparation, comprehension and utilization of Balance Sheets, Income Statements and Source and Use Statements (pro forma and actual) - their preparation, comprehension and utilization for a 'best practices' in small business finances
  • Utilization and preparation of Cash Flow statements in managing the small business financial operations cycle
• Articulate and demonstrate advanced learning/knowledge/experience in at least 4 of the following 9 areas:
  • Explain how to determine variable cost and fixed cost, understanding the difference between these types of cost and why that understanding is important for successful small business finance
  • Discuss the application of ratio analysis and how to use financial ratios for estimations of solvency, appropriate amounts of debt to equity, performance, and profitability
  • Discuss the application of management and the control of inventory [methods and practices] and why it is important
  • Discuss applications of the principles inherent with the management of accounts payable and accounts receivable and an understanding of their importance
  • Discuss source of and accessing investment funding for personal, family/friends, banks, and others - including crowd funding and other innovative methods
  • Discuss debt management including cost of debt, long term debt vs. short term debt - debt to finance short term needs vs. long term needs - pros and cons, and security/collateral.
  • Discuss compensation for yourself and employees, including income taxes/FICA responsibilities, benefits, salary/drawings and profit distribution.
  • Discuss taxes including corporate taxation/small business tax - tax planning/tax preparation
  • Discuss the preparation of a Financial Business Plan reflecting the annual financial cycle
• Identify and discuss at least four common small business financial management problems, such as:
  • Transaction and payment authorization management
  • Equity financing
  • Depreciation accounting
  • Working capital financing/vendor credit
  • Managing accounts receivable
  • Cash-flow management
  • Financial/management and reporting (periodic, annual)
  • Insurance requirements/legal liabilities, and
  • Financial oversight

• Identify both short- and long-term financial management problems.
• Solve optimal capital structure problems.
• Analyze financial statements.
• Determine a firm's cost of capital.
• Use present value tables.

• Fractions, decimals, and percents
• Basic equations and formulas
• Balancing a checkbook and filling out a simple tax return
• Business insurance and personal insurance
• Business discounts, pricing, and inventory control
• Simple interest, compound interest, notes, and bank discounts
• Credit and credit purchases
• Annuities, amortization, and depreciation
• Financial statements, cash flow, and ratios
• Stocks and bonds
• Some basic ideas of statistics.

• Explore how to cultivate a business in diverse, global environments.
• Assess ethical behavior and social responsibility in business endeavors.
• Explain the various types of business ownership.
• Identify the pros and cons of owning a small business.
• Interpret the levels of management
• Evaluate the importance of empowering employees to satisfy customers.
• Distinguish the functions of human resource management.
• Justify the importance of motivating employees and building self-managed teams.
• Diagnose employee management issues and relationships.
• Determine the four essential elements of marketing.
• Develop customer oriented marketing plans.
• Outline how to manage financial resources
• Evaluating securities markets.
• Interpret money, financial institutions and the Federal Reserve System.

• Discuss globalization and the drivers of globalization.
• Explain the changing nature of the global economy.
• Compare and contrast the political and economic differences of countries.
• Discuss economic integration and international trade.
• Describe the politics of economics and international trade and investment.
• Evaluate new trade theories and strategic trade policies.
• Identify the strategies and functions of international business.
• Explain the relationships between international trade and economic growth.
• Explain with details what managers can do to incorporate ethical considerations into their decision making.
• Summarize the market imperfection approaches to foreign direct investment.
• Analyze national institution structures and the protection of property rights.
• Define with examples global competition, global strategic alliances and core competencies.
• Discuss new international business marketing and finance policies.

• Understanding of programming languages and applications development facilities
• Understanding of database management systems (DBMSs)
• Understanding of computer-assisted systems engineering (CASE)
• Familiarity with appropriate use of a representative set of personal productivity software
• Information system concepts and processes
• Systems theory and systems development and information systems design
• Database theory, design, and management
• Information and function analysis
• Systems implementation and testing strategies
• Organization theory and behavior relevant to MIS
• Functional business areas such as finance, accounting, and marketing, served by information systems
• Information systems management
• Project management
• Change management
• Legal and ethical aspects of information and information systems
• Professional conduct in the information systems field
• How management information systems enhance decision-making
• Ability to assist in defining and planning information systems
• Eliciting information requirements for applications and assist in designing information systems
• Ability to implement non-complex (routine) information systems applications
• Managing information systems development and operations
• Students shall be able to communicate effectively orally and in writing including the preparation and presentation of expected outputs from the analysis, design, implementation, and maintenance phases of information system development

• Identify the norms in mortgage lending practices and procedures for commercial properties.
• List the steps in a property appraisal process for commercial properties; identify how comparables and zoning ordinances figure in the appraisal of commercial property.
• List the steps in researching comparable properties for purposes of market pricing and listing commercial property.
• Compare and contrast the pricing motives between purchasing property for specific ownership (ownership by severalty, in common, joint, or by the entirety) and/or speculation.
• Identify requirements for a real estate license and a broker's license.
• Describe the ethical advertising and marketing involved in the transaction of commercial real property.
• Calculate monetary amounts involved in the transaction of real property.
• Define types of title, title search, title insurance, property speculation, research of comparables, and mortgages for commercial properties.
• Describe how acreage is subdivided to create building lots for site plan development.
• List the building code requirements that must be met before construction can begin.
• Describe the effect zoning has on development planning.