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The MBA Guidebook - The Essentials of an MBA Program

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Course Description

This course describes the essentials of the core topics covered in a top-tier MBA program. The intent is to give the user a broad understanding of the key concepts needed to run a business in one comprehensive course. Topics covered include sales and marketing, operations management, product development, risk management, business valuation, capital structure analysis, and the interpretation of financial statements.

Learning Objectives

Recognize the different types of accounting principles, and the nature of the realization concept. Cite the stages in the accounting cycle. Note the activities that are part of the financing, purchasing, payroll, and sales cycles. Note the requirements of the accrual method of accounting. Identify the uses of each of the financial statements. Note the sources of retained earnings. Recognize how the different ratios and other analyses are used to interpret financial statements. Recognize the contents of the cost of capital, and how it is calculated. Identify the reason why preferred stock is more expensive than debt. Note the circumstances under which different debt values can be used in the cost of capital. Note the basis for the use of discounted cash flow analysis. Recognize the concept of an annuity. Cite the uses for net present value analysis, the internal rate of return, the payback method, and real options. Note the ranking of criteria used to evaluate investment proposals. Recognize the rules for investing in a complex environment. Identify the concerns with using the accounting rate of return. Recognize why financial leverage can be so beneficial, as well as its dangers for a business. Note the reasons why managers are more likely to use financial leverage. Identify the triggering events for a capital structure analysis. Recognize the effects of a tax shield, and how it works. Note the different types of loan covenants. Cite the different types of strategies that can justify an acquisition. Identify the sources of financial information about publicly-held businesses. Recognize the different documents used in the purchase and sale of businesses. Note the motivations of a financial buyer. Recognize the different methods used to value a business, and how each one can be adjusted. Identify the effects of consistent earnings on a firms stock price. Cite the characteristics of businesses that can retain risk. Identify the characteristics of an enterprise risk management system. Identify the types of information included in a risk profile. Note the steps involved to build a product within a target costing program. Recognize the uses to which the R&D waste measurement can be put. Identify the actions that can be taken to manage inventory levels. Recognize the different types of pricing strategies. Note the risks associated with marketing, and how they can be mitigated. Recognize the calculation for lifetime value. Identify the methods used to aggregate information into a revenue budget, and the issues with an excessively detailed level of reporting. Recognize the risks associated with sales, and how they can be mitigated. Note the basic concepts that underlie constraint analysis, as well as the calculation of throughput. Cite the circumstances under which a product can be justifiably cancelled. Identify how a business can achieve a high quality of design. Recognize the different types of quality costs. Note the components that comprise a material requirements planning system. Cite the methods used to achieve short production runs. Identify the items to review as part of a supplier assessment. Recognize the issues to be addressed when considering a foreign supplier. Note the advantages of a stable production schedule. Cite the tools available for bulk hiring. Identify the methods used to examine a resume. Recognize the purposes of telephone screening. Note the impact of the cloning effect on the hiring process. Cite the essential components of a team. Rank the different levels of communication methods within a team. Recognize the effects of the stakeholder perspective on ethical decisions. Note the reasons why people tend to overlook ethical issues. Identify the steps used in the development of a strategy. Chapter 1 Accounting Basics Recognize the different types of accounting principles, and the nature of the realization concept. Cite the stages in the accounting cycle. Note the activities that are part of the financing, purchasing, payroll, and sales cycles. Note the requirements of the accrual method of accounting. Chapter 2 The Financial Statements Identify the uses of each of the financial statements. Note the sources of retained earnings. Chapter 3 The Interpretation of Financial Statements Recognize how the different ratios and other analyses are used to interpret financial statements. Chapter 4 The Cost of Capital Recognize the contents of the cost of capital, and how it is calculated. Identify the reason why preferred stock is more expensive than debt. Note the circumstances under which different debt values can be used in the cost of capital. Chapter 5 Discounted Cash Flow Techniques Note the basis for the use of discounted cash flow analysis. Recognize the concept of an annuity. Chapter 6 Business Investment Decisions Cite the uses for net present value analysis, the internal rate of return, the payback method, and real options. Note the ranking of criteria used to evaluate investment proposals. Recognize the rules for investing in a complex environment. Identify the concerns with using the accounting rate of return. Chapter 7 Capital Structure Analysis Recognize why financial leverage can be so beneficial, as well as its dangers for a business. Note the reasons why managers are more likely to use financial leverage. Identify the triggering events for a capital structure analysis. Recognize the effects of a tax shield, and how it works. Note the different types of loan covenants. Chapter 8 Mergers and Acquisitions Cite the different types of strategies that can justify an acquisition. Identify the sources of financial information about publicly-held businesses. Recognize the different documents used in the purchase and sale of businesses. Note the motivations of a financial buyer. Chapter 9 Business Valuation Recognize the different methods used to value a business, and how each one can be adjusted. Chapter 10 Enterprise Risk Management Identify the effects of consistent earnings on a firms stock price. Cite the characteristics of businesses that can retain risk. Identify the characteristics of an enterprise risk management system. Identify the types of information included in a risk profile. Chapter 11 Product Development Note the steps involved to build a product within a target costing program. Recognize the uses to which the R&D waste measurement can be put. Identify the actions that can be taken to manage inventory levels. Chapter 12 Marketing Recognize the different types of pricing strategies. Note the risks associated with marketing, and how they can be mitigated. Recognize the calculation for lifetime value. Chapter 13 Sales Identify the methods used to aggregate information into a revenue budget, and the issues with an excessively detailed level of reporting. Recognize the risks associated with sales, and how they can be mitigated. Chapter 14 Operations Management Note the basic concepts that underlie constraint analysis, as well as the calculation of throughput. Cite the circumstances under which a product can be justifiably cancelled. Identify how a business can achieve a high quality of design. Recognize the different types of quality costs. Note the components that comprise a material requirements planning system. Cite the methods used to achieve short production runs. Chapter 15 Supply Chain Management Identify the items to review as part of a supplier assessment. Recognize the issues to be addressed when considering a foreign supplier. Note the advantages of a stable production schedule. Chapter 16 Recruiting and Hiring Cite the tools available for bulk hiring. Identify the methods used to examine a resume. Recognize the purposes of telephone screening. Note the impact of the cloning effect on the hiring process. Chapter 17 Building and Managing Teams Cite the essential components of a team. Rank the different levels of communication methods within a team. Chapter 18 Business Ethics Recognize the effects of the stakeholder perspective on ethical decisions. Note the reasons why people tend to overlook ethical issues. Chapter 19 Business Strategy Identify the steps used in the development of a strategy.

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Learning Format 21.0 Hours
Self-Study / On-Demand

Credit Type(s)
Business Mgmt & Org Marketing

Knowledge Level
Overview