Through a comprehensive look at operations and decision making in the business arena, this course prepares students for taking the Business Environment and Concepts (BEC) section of the Certified Public Accountant (CPA) Exam. Students begin by learning about corporate governance and the rights and duties regulating corporate control. Next, they study how information technology is used in business, how economic concepts relate to globalization, and understand financial management as it relates to capital, debt, and equity. This course concludes with information on measuring and reporting performance results.
Corporate Governance, Internal Control, and Enterprise Risk Management, Information Technology and Economics, Strategy and Globalization
Identify internal and external monitoring devices used for corporate governance.
Identify reporting requirements for internal control.
Explain the seven phases of systems design and process improvement.
Calculate gross domestic product (GDP) using the expenditure and income approaches.
Compare economic theories.
Financial Management, Performance Measures, Financial Risk Management and Capital Budgeting
Identify derivative types, uses, risks and values.
Determine present and future values using time value of money factors.
Explain the different methods of capital budgeting.
Calculate cost of capital using various formulas.
Analyze financial statements using various financial ratios.
Identify quality types, tools, methods and costs.
Cost Measurement, Segment Reporting and Variance Analysis
Calculate Cost of Goods Manufactured and Cost of Goods Sold.
Calculate overhead costs using various methods.
Determine cost functions using quantitative and non-quantitative methods.
Calculate the breakeven points for multiproduct companies.
Compare types of budgets.
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While widely available, not all programs are available in all locations or in both online and on-campus formats. Please check with a University Enrollment Representative.
Continuing Education Units (CEUs) and Professional Development Units (PDUs) cannot be converted into academic credit. It is the student's responsibility to confirm whether or not CEUs/PDUs earned at University of Phoenix will be accepted by employers and/or applicable licensing agencies.