Money & Business

Professional Preparation for Future Success

MONEY & BUSINESS

COURSE SYLLABUS

September 2014 – June 2015

Instructor: Jarom Twitchell Program Hours: Session 2: 11:25 – 1:55

Phone: 360-848-0706

Email:

Website:

Program Description

The purpose of this course is to give students a workable understanding of business practices. Focus will be given to equipping students with the knowledge needed to start and successfully run a business. This will include subjects such as entrepreneurship, marketing, accounting, finance, business specific computer skills, as well as soft skills and job acquisition.

Students will be required to demonstrate skills in Technical Math, Business English, and Occupational Education. Demonstration of these skills and knowledge will lead to college credit being earned by the student.

Attendance: It is expected that students will attend all class sessions. As such, please discuss with me any absences so that we may minimize the impact to the learning process.

Grading: Assignments and tests will carry their own point value. Student’s final grade will be shown as a percentage of the total points possible.

As students will be receiving three different college credits during this course the assignments and tests will be recorded in the grade book under one or more of the three college credit categories (Technical Math, Business English, and Occupational Education).

Certification:Students will have the opportunity to receive certification in Microsoft Excel.

Internships:Students will work at an assigned place of employment with the purpose of gaining an understanding of the business processes of their employer. Internships will take place in the spring to allow the students and the instructor time to coordinate with an approved internship site.

Credit Opportunities

High School Credits per Semester

0.5 credits Occupational Education

0.5 credits Business English

0.5 credits Technical Math

Skagit Valley College

Students have the opportunity to earn a total of 22 Skagit Valley College credits by completion of all course work with a grade of C or better. To achieve the required college competencies, students may need to complete additional assignments outside of class time. A comprehensive college-level exam may be required.

First Semester Curriculum

Entrepreneurship/Small Business Management

• Marketing
• Management/Operations
• Finance

SOSC 113 (1 credit)

• Job Search Techniques

BMT 167 (5 credits)

• Money Management

OFTEC 140 (2 credits)

• 10-key

Second Semester Curriculum

BMT 105 (5 credits)

• Introduction to Banking Services
• Customer Service Representative Training

CIS 146 (3 credits)

• Introduction to Excel

OFTEC 145 (5 credits)

• Practical Accounting 1

BMT 199 (1 credit)

• Internship [40 hours]

Entrepreneurship/Small Business Management

Develop an understanding of entrepreneurial traits, generate business ideas, conduct market research, and develop a business plan. Identify the steps necessary to move from concept to a potential business opportunity including how to generate financial capital for the venture.

Job Search Techniques

Develop skills in job search techniques such as identifying common job information sources, conducting effective interviews for information and for hire, completing applications, and developing resumes.

Money Management

Students are introduced to all phases of personal finance that will help them make financial decisions now and in the future. Topics include banking services, taxes (payroll & federal), consumer credit, budgeting, saving, investing, stocks, insurance, and retirement planning. Students will learn how to avoid financial mistakes by understanding their financial options & responsibilities. Math concepts and skills are applied in practical situations.

10-Key Calculator Applications

Operation of the desktop 10-key electronic printing calculator by touch method to solve business math applications such as payroll, purchase orders, invoices, cash and trade discounts, calculating and verifying extensions, pricing, and installment buying.

Banking and Financial Services

This course provides practical experience in paying and receiving teller operations. Students develop skills such as cash handling, cash drawer setup, security, daily balancing, processing of basic customer

transactions, quoting funds availability, financial institution products and services, and professionalism. Fundamental banking functions and the role of regulation in the financial services industry is included.

Introduction to Microsoft Excel

Utilize Microsoft Excel to design spreadsheets, write formulas, write mathematical and database functions and present the results as charts. Opportunity to take the Microsoft Excel certification exam.

Practical Accounting I

Introduction to the theory and practice of double-entry accounting for service businesses. Includes use of journals, ledgers, worksheets, financial statements, basic payroll preparation, bank statement reconciliation, and adjusting and closing entries.

Learning Outcomes

Upon successful completion of the year-long program, students will be able to:

Entrepreneurship/Small Business Management

• Identify skills and experience needed for an entrepreneur.
• Classify components of a business opportunity.
• Identify the steps necessary to move from concept to a potential business opportunity including how to generate financial capital for the venture.
• Conduct market research, perform a marketing analysis, and develop a marketing strategy.
• Develop a business plan.

Job Search Techniques

• Identify common job information resources.
• Develop a resume.
• Prepare a cover letter and thank you note.
• Complete a job application.
• Develop effective interviewing skills.

Money Management

• Demonstrate an understanding of the financial planning process & components of a comprehensive financial plan.

• Set financial goals based on values and needs.
• Develop a personal budget and financial recordkeeping system.
• Analyze the advantages and disadvantages of lending and consumer credit.
• Understand risk and rates of return.
• Evaluate various insurance products.
• Prepare Federal income tax returns.
• Create a stock market portfolio and analyze outcomes.
• Utilize a spreadsheet to solve financial problems.

10-Key Calculator Applications

• Operate a 10-key calculator by touch.
• Perform basic business math computations.
• Complete business applications including inventory cards, monthly sales reports, invoices, payroll registers, purchase orders, and sales slips.

Introduction to Banking and Financial Services

• Demonstrate knowledge of bank teller procedures: cash handling, balancing, and documentation.
• Compare and contrast the products and services provided by financial institutions.
• Understand the purpose and requirements of banking regulations.
• Demonstrate knowledge of security procedures including robbery prevention and response.
• Understand ethical responsibilities and consequences as they relate to a financial services work environment.
• Model professionalism in dress, communication, and work ethic.
• Demonstrate positive interpersonal skills necessary to build on-going customer relationships and function effectively as a team member.

Accounting

• Define and identify asset, liability, owner’s equity, revenue, and expense accounts.
• Journalize and post transactions.
• Prepare financial statements.
• Journalize and post adjusting entries.
• Reconcile a bank statement.
• Establish and reimburse petty cash and change funds.
• Calculate and record employee payroll.
• Complete various federal and state payroll tax forms.

Introduction to Microsoft Excel

• Create and edit a workbook.
• Format cells and ranges.
• Format and manage worksheets.
• Use basic formulas and functions.
• Create charts and pivot tables.
• Add pictures and shapes to a worksheet.

Money and Business Syllabus 2014-2015Page 1