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Active as of Fall Semester 2020
I. General Information
1. Course Title:
Business Financial Management
2. Course Prefix & Number:
BUSN 2126
3. Course Credits and Contact Hours:
Credits: 3
Lecture Hours: 3
Lab Hours: 0
Internship Hours: 0
4. Course Description:
This course is an entrepreneur’s real world, hands-on application of accounting fundamentals simulating the financial management of small service and merchandise businesses. Sage 50 and QuickBooks accounting software programs in addition to the Microsoft Excel program will be used for management and analysis.
5. Placement Tests Required:
6. Prerequisite Courses:
BUSN 2126 - Business Financial Management
There are no prerequisites for this course.
9. Co-requisite Courses:
BUSN 2126 - Business Financial Management
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
Anoka Ramsey Community College, BUS 1134 Computerized Accounting, 2 credits
Hennepin Technical College, ACCT 1130 Computerized Accounting, 3 credits
St. Cloud Technical & Community College, ACCT 1218 Computerized Accounting, 3 credits
3. Prior Learning - the following prior learning methods are acceptable for this course:
- Written
- Oral
- Demonstration
- Portfolio
III. Course Purpose
Program-Applicable Courses – This course is required for the following program(s):
Business Management, AAS Degree
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Demonstrate reading and listening skills |
Complete Accounting Simulations Audit Tests. |
Analyze and follow a sequence of operations |
Complete Financial Management Simulations. |
Utilize appropriate technology |
Use Peachtree and QuickBooks Pro Accounting Software. |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Explain the double-entry cash and accrual accounting systems;
- Create accounting financial form template worksheets within an Excel workbook;
- Use Excel cell references, formulas, and functions within the accounting workbook to automate information processing;
- Complete month end accounting simulations for a service business using Sage 50, QuickBooks, and Excel;
- Complete year end accounting simulations for a service business using Sage 50, QuickBooks, and Excel;
- Prepare year-end financial projections for a service business using Sage 50, QuickBooks, and Excel;
- Complete month end accounting simulations for a merchandising business using Sage 50, QuickBooks, and Excel;
- Complete year end accounting simulations for a merchandising business using Sage 50, QuickBooks, and Excel; and
- Prepare year-end financial projections for a merchandising business using Sage 50, QuickBooks, and Excel.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- The Accounting Cycle Review
- Academic accounting
- Financial management
- Real-world application
- Service Business Monthly Simulation
- Check register journal
- Account ledger
- Financial statements
- Service Business Year-End Projections
- Projected monthly cash flow worksheet
- Projected year-end financial statements
- How could the business be doing?
- Computerize Service Business Simulation
- Peachtree
- Quickbooks Pro
- Excel
- Merchandise Business Monthly Simulation
- Sales journal
- Sales tax
- Financial statements
- Computerize Merchandise Business Simulation
- Peachtree
- Quickbooks Pro
- Excel
- Service and Merchandise Business Year-End Simulation
- Financial statements
- Financial statement ratio analysis
- Computerize Service and Merchandise Business Simulation
- Peachtree
- Quickbooks pro
- Excel
- Service and Merchandise Business Year-End Projections
- Projected year-end financial statements
- How could the business be doing?
- Horizontal analysis
- Financial Planning Projections
- Projected year-end financial statements
- Audit test final
I. General Information
1. Course Title:
Business Financial Management
2. Course Prefix & Number:
BUSN 2126
3. Course Credits and Contact Hours:
Credits: 3
Lecture Hours: 3
Lab Hours: 0
Internship Hours: 0
4. Course Description:
This course is an entrepreneur’s real world, hands-on application of accounting fundamentals simulating the financial management of small service and merchandise businesses. Sage 50 and QuickBooks accounting software programs in addition to the Microsoft Excel program will be used for management and analysis.
5. Placement Tests Required:
6. Prerequisite Courses:
BUSN 2126 - Business Financial Management
There are no prerequisites for this course.
9. Co-requisite Courses:
BUSN 2126 - Business Financial Management
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
Anoka Ramsey Community College, BUS 1134 Computerized Accounting, 2 credits
Hennepin Technical College, ACCT 1130 Computerized Accounting, 3 credits
St. Cloud Technical & Community College, ACCT 1218 Computerized Accounting, 3 credits
3. Prior Learning - the following prior learning methods are acceptable for this course:
- Written
- Oral
- Demonstration
- Portfolio
III. Course Purpose
1. Program-Applicable Courses – This course is required for the following program(s):
Business Management, AAS Degree
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Demonstrate reading and listening skills |
Complete Accounting Simulations Audit Tests. |
Analyze and follow a sequence of operations |
Complete Financial Management Simulations. |
Utilize appropriate technology |
Use Peachtree and QuickBooks Pro Accounting Software. |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Explain the double-entry cash and accrual accounting systems;
- Create accounting financial form template worksheets within an Excel workbook;
- Use Excel cell references, formulas, and functions within the accounting workbook to automate information processing;
- Complete month end accounting simulations for a service business using Sage 50, QuickBooks, and Excel;
- Complete year end accounting simulations for a service business using Sage 50, QuickBooks, and Excel;
- Prepare year-end financial projections for a service business using Sage 50, QuickBooks, and Excel;
- Complete month end accounting simulations for a merchandising business using Sage 50, QuickBooks, and Excel;
- Complete year end accounting simulations for a merchandising business using Sage 50, QuickBooks, and Excel; and
- Prepare year-end financial projections for a merchandising business using Sage 50, QuickBooks, and Excel.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- The Accounting Cycle Review
- Academic accounting
- Financial management
- Real-world application
- Service Business Monthly Simulation
- Check register journal
- Account ledger
- Financial statements
- Service Business Year-End Projections
- Projected monthly cash flow worksheet
- Projected year-end financial statements
- How could the business be doing?
- Computerize Service Business Simulation
- Peachtree
- Quickbooks Pro
- Excel
- Merchandise Business Monthly Simulation
- Sales journal
- Sales tax
- Financial statements
- Computerize Merchandise Business Simulation
- Peachtree
- Quickbooks Pro
- Excel
- Service and Merchandise Business Year-End Simulation
- Financial statements
- Financial statement ratio analysis
- Computerize Service and Merchandise Business Simulation
- Peachtree
- Quickbooks pro
- Excel
- Service and Merchandise Business Year-End Projections
- Projected year-end financial statements
- How could the business be doing?
- Horizontal analysis
- Financial Planning Projections
- Projected year-end financial statements
- Audit test final