· Business and Administration
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ADM 510 - Finance and Economics for Decision Making
· Semester: TBD
· 3 Units
· Instructor's Name: TBD
· Office Address: TBD
· Office Hours: TBD
ADM 500 or permission from the program coordinator.
Financial management of small businesses focusing on budgeting, critical analyses of financial reporting numbers, risk assessment, and cash flow forecasting.
Evaluate, select, implement and assess:
1) Create and evaluate business financial reports including budget and critical ratios,
2) Select appropriate inventory management methods,
3) Apply marginal cost considerations to pricing strategy,
4) Create/adapt/apply basic business models including decision making and risk assessment,
5) Evaluate sources of capital and financing.
1) Communicate business information in a professional manner.
2) Analyze the small business environment using a variety of business tools and produce ethical actionable strategies to effectively negotiate and profit in that environment.
3) Demonstrate the ability to design, write, and produce a business plan meeting professional standards for finance, marketing, economics, business law and management in organizations.
1) Demonstrate in writing knowledge of administration, leadership, organizational theory, ethics and effective management of diverse cultures in organizations. They will specifically demonstrate the ability to design, write and produce documents meeting professional standards in these key areas.
2) Demonstrate the ability to conduct both research and program evaluation that meets rigorous methodological standards and produces useful, actionable, results.

3) Analyze problems and create solutions using a variety of qualitative and quantitative problemsolving processes, technologies, systems approaches, and innovative/creative thinking.
4) Demonstrate professional skills applied to practical problems by consistently meeting deadlines, working both independently and collaboratively in teams, and integrating scholarly knowledge from the student's chosen field of specialization and the Core area.
5) Demonstrate a commitment to lifelong learning and develop the skill sets necessary to pursue and find the answers to professional questions through detailed study in and contribution to the scholarly literature of the student's chosen field.
Course is a combination of reading, short lectures, computer applications, writing including computer discussions, and problem solving. Models, cases, and mini-cases will be used.
· Financial case and mini-case studies,
. Scholarly and industry readings,
. Textbook (Such as Financial Statements: A Step-by-Step Guide to Understanding and Creating
Financial Reports. T. Ittelson. Career Press. )
· Microsoft Excel and associated data sets/models/overlays/pivot tables.
1) Financial Reports Module a) Important financial concepts and ratios, b) Discuss financial report types, c) Analyze common financial reports.
2) Inventory Management Module a) Discuss common inventory management models including inventory type, costing, and legal considerations.
3) Marginal Costs Module a) Fixed and incremental costs, b) Economies of scale, c) Product pricing.
4) Business Models a) Review of business modeling, b) Risk assessment (Mean time between failure, legal, etc.) c) Consumer behavior.
5) Business Capital and Financing a) Interest rates, b) Realistic expenses, c) Reasonable cash flows.
The majority of assessment is individual work.

1) Methods of Assessment a) Full and partial project deliverables, b) Discussions, c) Quizzes and tests.
2) Timeline for Assessment a) Referenced online discussions for topics and sub-topics, b) Quizzes or mini-paper for every topic (discussions may substitute for mini-papers), c) Project/assignment deliverables, d) Mid-term/final or just final if section 2b substitutes for a mid-term. Parts of section 2c may substitute for a final.
~35% Discussions
~15% Mini-papers
~40% Project/assignment deliverables
~10% Final
~10% Participation
Note: These percentages are a guideline and may vary plus or minus 10% at the instructor’s discretion and with the understanding that some assessment items may be combined.
Note: Project deliverables may be individual or group at the instructor’s discretion.
Grades will be assigned on the basis of total points earned relative to the following scale:
>= 90% A
80% ~ 89% B
70% ~ 79% C
60% ~ 69% D
< 60% F
Final grades may be based upon a curved scale representing lower point values than those above.
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You are expected to complete all tests and assignments by the stated date. At the instructors discretion participants may make arrangements before the lab quiz./exam and the lab quiz/exam may be taken early (unless a documented emergency situation has occurred).
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For the purposes of this class, timely discussion participation is considered attendance. Failure to attend will result in a reduced participation grade.

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Masters in Administration students are expected to meet the highest professional academic standards.
Academic dishonesty is not tolerated in any course within the Masters of Administration program.
Academic dishonesty includes, but is not limited to the following:
· Use of unapproved material for a test or assignment,
· Plagiarism is the act of passing off the ideas or work of another as one's own without crediting the source,
· Falsification, fabrication, or use of misleading data, information, or citations,
· Submission of academic work prepared for a different class without instructor approval,
· Prohibited collaboration,
· Misrepresentation of personal circumstances to justify an extended deadline;
· Copyright violation,
· Giving or taking undue credit for team projects and activities,
· Assisting or knowingly allowing another student to violate the academic dishonesty policy.
Any of these actions will lower your assignment grade and may result in an F for the course. Academic dishonesty is reported according to the policies set forth by Northern Arizona University.
Attach the Safe Working and Learning Environment, Students with Disabilities, Institutional Review
Board, and Academic Integrity policies or reference them in the syllabus. See the following document for policy statements: http://www4.nau.edu/avpaa/UCCPolicy/plcystmt.html