ASSOCIATE OF SCIENCE IN BUSINESS ADMINISTRATION
Program Learning Outcomes
Upon completion of the degree program, the student will be able
to:
1. Demonstrate basic knowledge of each of the functional areas of
business - accounting, finance, marketing
and management- by defining the emphasis of each of
the areas in an organization and describing their interrelationship in an
organization's attempt to achieve its objectives.
2. Demonstrate an understanding of basic accounting procedures by performing all
the activities of the accounting cycle: analysis of source documents;
journalizing and posting of transaction, adjusting, closing and reversing entries;
and preparation of trial balances and simple financial statements.
3. Evaluate the financial performance of a non-complex business firm
by making an accurate analysis and interpretation of the firm's financial statements.
4. Demonstrate competency in business
mathematics by accurately performing common
business computations, including but not limited to such computations as for
interest, depreciation, discounts, markups, present and future values, risk and
return and stock transactions – and related statistical computations.
5. Demonstrate a basic understanding of the legal environment of business, both
in general and in the FSM, by explaining how laws and other legal issues affect
business in FSM and elsewhere.
6. Demonstrate a basic understanding of the economic environment of business by
explaining the vital micro and macroeconomic variables that influence business
decisions.
7. Apply various computer
applications, including word processing,
spreadsheet, database, presentation and other specialized applications to
manipulate and analyze information and generate and present reports in the
various functional areas of business.
8. Identify common ethical
challenges that face business and determine
realistic alternatives to deal with the challenges.
9. Demonstrate a basic understanding of globalization and its implication for
business by explaining the opportunities and challenges created by
globalization in all aspects of business operations.
Program Requirements
Preparatory Courses (by placement)
General Education Core
Requirements ........................................29 credits
English (9 credits)
EN 110
Advanced Reading (3)
EN
120a Expository Writing I (3)
EN
120b Expository Writing II (3)
Mathematics (3 credits)
Any
100 level or above mathematics course (3)
Natural Sciences (7 credits)
A
science course with Laboratory or AG 110 or AG 140
(4)
A
non-lab science or AG 101 (3)
Social Sciences (3 credits)
SS 150
History of
Computer Applications (3 credits)
CA 100
Computer Literacy (3)
Exercise Sports Science (1 credit)
Exercise
Sports Science course (1)
Humanities (3 credits)
Any
course in art, music, history, literature, philosophy, or language (3)
Major Requirements....................................................................................... 39 credits
Accounting (9 credits)
AC 131 Accounting I (3)
Prerequisite:
ESL 089, MS 098
Establishes
a foundation for the understanding of the accounting environment, basic
accounting concepts, and the accounting model. Each step of the accounting
cycle is covered in detail. Also covered are the sales, purchases, cash
receipts and cash payments journals and their accompanying accounts receivable
and accounts payable subsidiary ledgers; cash; and preparation of financial
statements.
AC 220 Accounting II (3)
Prerequisite:
AC 131
Builds
on the understanding of accounting principles. This includes accounting for:
payroll; accounts receivable and bad debts; notes and interest; inventory;
depreciation, amortization, depletion and disposal of long-term assets; and
partnerships and corporations.
AC 250 Managerial Accounting
(3)
Prerequisite:
AC 220
Develops
concepts related to the information managers’ need in carrying out three
essential functions within the business enterprise, such as how to plan
operations, to control activities and to make decisions.
Business (15 credits)
BU 101 Introduction to
Business (3)
Prerequisite:
ESL 089
Establishes
a foundation for the understanding of contemporary business and its
environment. The course covers the various functional areas of business:
management and organization, human resources, marketing, financing, accounting,
and information systems. Business ethics and social responsibility, the global
business environment and basic FSM business laws/regulations are also covered.
BU 250 Principles of Finance
(3)
Prerequisite:
AC 220 and MS 150 OR AC 220 and BU/MS 110
Provides
a general understanding of the financial aspects of business, such as financial
statement analysis, risk and rate of return, time value of money, valuation of
bonds and stocks, capital budgeting, and cost of capital.
BU 260 Fundamentals of
Management (3)
Prerequisite:
BU 101
Enables
the students to develop an understanding of management and organization. The
course focuses on important management functions such as planning, organizing,
leading, and controlling for successful managerial activities. Students learn
how successful managers use organizational resources through organizational
functions in order to effectively and efficiently achieve organizational
objectives.
BU 270 Principles of
Marketing (3)
Prerequisite:
BU 101
Introduces
students to the basic concepts of marketing such as buyer behavior, market
research and information systems, segmentation strategy, as well as the 4Ps.
Students are also introduced to international marketing and to the broader
marketing environment, including political/legal, economic, demographic, competitive
and ethical issues.
BU 271 Business Law (3)
Prerequisite:
BU 101
Introduces
the FSM and the
Economics (6 credits)
EC 220 Microeconomics (3)
Prerequisite:
MS 099, ESL 089, BU 101
Introduces
to students the concepts of scarcity and choice, and their influence in the
decision-making process of individual consumers and firms. Examines the price
mechanism (demand, supply and price) and allocation of resources; the theory of
the firm – short-run and long-run cost and revenue structure and the
interaction between markets; comparative advantage and specialization; and
market failure and externalities.
EC 230 Macroeconomics (3)
Prerequisite:
EC 220
Analysis
of the entire economy, covering such areas as national income and product (GDP)
accounting, money and the banking system, unemployment and inflation, monetary
and fiscal policy, international trade, and exchange rates and balance of
payments. FSM GDP and other national/state economic data analyzed with special
emphasis.
Communications (3 credits)
EN/BU 121 Business
Communication (3)
Prerequisites:
BU 101, CA 100
This
course focuses on intercultural writing and speaking skills appropriate for
business. Business writing and oral skills are emphasized.
Business Mathematics (3
credits)
BU/MS 110 Business Math (3)
Prerequisite:
MS 098
Emphasizes
performing common computations found in the various functional areas of
business. Students use of graphs, equations, ratio and proportion, percentage, and
measurement systems to solve typical business problems such as the calculation
of trade and cash discounts, markups, taxes, employee compensation, simple and
compound interest, depreciation, inventory valuation, bonds and stocks, basic
financial statement analysis, and business statistics.
Mathematics (3 credits)
MS 150 Introduction to
Statistics (3)
Prerequisite:
MS 100
Introduces
the basic ideas of data presentation, descriptive statistics, basic
probability, and inferential statistics. Incorporates the use of a computer
spreadsheet package, MS Excel, for both data analysis and presentation. Studies
basic concepts using applications from business, social science, health
science, and the natural sciences.
GRADUATION REQUIREMENTS................................................................68 credits