BUSN 110 - Introduction to Business Finances

3 Credits: 3

Course Description
This course provides the fundamentals of wealth building in America through an economic, historical, and entrepreneurial perspective. It also describes and explains important money management strategies. Core topics include cash management, housing, store-front and transportation purchase strategies, debt management, tax planning, insurance, investment planning, retirement planning, and estate planning.

Note Spring semester only.

Text
OER Resources.

Objectives
The student will be able to:

A. Identify wealth building and money management strategies from a personal and business economic perspective.

B. Identify the characteristics of successful entrepreneurs.

C. Analyze opportunity costs as they relate to money management and wealth building strategies, such as the decision to save, invest, or repay debt.

D. Construct personal and business budgets to track expenditures.

E. Develop critical thinking skills while evaluating the interrelationship among cash management, debt management, tax planning, insurance, investment selection, and retirement planning.

Content
A. Entrepreneurial financial planning.

B. Use financial statements and budgets.

C. Managing cash and savings.

D. Making personal and business financial decisions.

E. Using consumer and business loans and credit.

F. Insuring your life and health.

G. Protecting your property.

H. Investment planning, stocks and bonds.

I. Investing in mutual funds, exchange-traded funds (ETFs), and real estate.

J. Preserving your estate and retirement.

Student Evaluation
Objectives A-E will be evaluated based on a combination of quizzes, tests, cumulative project, assignments, and class participation.