Prerequisite Criteria for Master's Program

AP credits cannot be brought in to satisfy prerequisite requirements in graduate level programs.

Grade Requirement for Prerequisites

When reviewing a transcript for the grade earned in a course the student must have earned at least a grade of C in order to have the course applied towards the foundation/prerequisite courses.

If the transcript indicates that the course was satisfactorily completed for example with a "S" as the designation for the grade the "S" must be equal or grater than the grade of "C".

If the transcript indicates that the grade is equal to a “C-” or higher we would not be able to bring the course in to show that the class has been satisfied as there is not way to distinguish that the student obtained at least a “C” in the course.

Below are each of the prerequisites and “basic” terminology we should see in a course description to say yes. Please remember that if a student is coming from a recognized public or private school with a BS in Business, Finance, Accounting, or Economics, likely they will be fine in all five areas and we don’t need an extremely scrutinous review.

Not every single item listed below should necessarily be found. But if say 70% of what is below cannot be verified via a description, than a syllabus should be requested every time. If a review of a syllabus does not show a majority of the items below, than send the syllabus to me for final approval. I put a * next to the items that really must be there to show the student has completed the proper course regardless of what the description or syllabus says. Of course I can attend a future staff meeting to discuss more once persons have had a chance to review this.

• Accounting (often financial accounting or accounting 1)

The accounting cycle * Generally Accepted Accounting Principles (GAAP) Financial statement preparation and analysis * Journal entry * Assets, Liabilities, Inventory, Depreciation (some of these items should be seen)

• Micro Economics Often times Introduction to economics is not sufficient)

Costs of production of the firm Regulation/deregulation of the business Labor markets Opportunity costs Supply/demand * Market competition Market risk

• Macro Economics

Market systems Wide issues of supply and demand at the national level (not company level) Foreign trade and impact on our economy with the import and export of goods Unemployment Government policy and the impact on the economy

• Finance

Cash budgeting Capital structure Net Present Value, time value of money, internal rate of return * Cost of Capital * Ratio analysis Debt financing Bond and Stock valuation

• Statistics

Regression and multiple regression analysis * Hypothesis testing * Central tendency and dispersion Central limit theorem Probability Mean, mode, median Excel * (There must be clear demonstration the student knows how to perform basic functions in excel to include creating formulas, spreadsheet manipulation, etc. This will be the toughest part to judge).

• Marketing

Consumer behavior Marketing mix 4 P’s (price, promotion, placement, product)* Marketing Plan part of the course * Market segmentation Marketing strategy

• American Government

American and local forms of government Structure of American government systems Various branches of government at the local or national level Government influence on business and other interests

In short, we want students to have an understanding of how government influences our lives as citizens and creates policy for our governance. Since these students will be in those positions some day, we want to ensure they know the purpose of American government. Foreign government knowledge will not help in this case.

• Human Resource Management

These topics should be in a basic human resources/personnel administration course:

Employee selection and placement Labor relations Compensation management Labor law to include OSHA Employee policies Employee training Recruitment Performance evaluation