Business Management Undergraduate Certificate - Curriculum | Penn Foster College
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Business Management Program Details

Our online Business Management program consists of courses geared toward helping students to gain foundational skills and knowledge to prepare for success in the field. Your classes will cover business writing, business math, economics, managerial accounting, and other information relevant to working in business.

Program Goal and Outcomes

Program Goal

The Business Management Undergraduate certificate program provides students with the skills to expand existing business management knowledge for a current or future job, or prepare for further education at the undergraduate level.

Upon completion of the program, students will be able to...

  • Understand the Penn Foster distance learning process, the materials used in the program, successful study skills and techniques, individual life goals and steps needed to fulfill them, similarities between personal financial goals and business goals, the basics of setting up a budget and starting up and maintaining a business
  • Discuss the various functions of business including competition, economics, accounting, technology and information systems, marketing, management through the phases of starting and growing a business, and management of financial and human resources along with the ethical and social responsibilities of business
  • Discuss both the business environment and the manager's role in decision making, planning, organizing, leading, controlling, and developing an ethical perspective
  • Demonstrate understanding of basic mathematical operations including percentages, discounts, interest, present worth, sinking funds, installment buying, pricing, depreciation, investments, insurance, use of symbols and their applications, equations and formulas, and the importance of statistics
  • Compose professional documents using word processing, spreadsheet, and presentation software, and integrate the applications
  • Explain the principles of financial accounting including analyzing transactions, completing the accounting cycle, merchandising businesses, inventories, assets, liabilities, stocks, bonds and cash flow
  • Explain the law of supply and demand, cost of living, monetary systems, international factors, and short run economic fluctuations
  • Discuss managerial accounting including budgeting and performance evaluation, decentralized operations; differential analysis, product pricing, capital investment analysis, and cost activities

Basic Skills Assessment

Applicants are required to complete two Basic Skills Assessments, one in reading and one in math, to determine the level of readiness for beginning their selected program. Additional studies may be required.

Succeed by learning how to use your Penn Foster program, and learn how to effectively manage your time, talents, and resources in your personal life, academics, and in your career.

Objectives:

  • Understand how to use your Student Portal.
  • Access the Penn Foster Community and use it to find answers.
  • Connect with Penn Foster on various social media sites.
  • Examine your individual life goals and the steps needed to fulfill them.
  • Recognize how your personal financial goals mirror that of most businesses.
  • Use time management skills to make the most of your day.
  • Determine personal financial goals.
  • Set up a typical budget.
  • Explain why creative thinking, research, planning, gathering resources, and production and marketing are vital for the start-up and maintenance of a business.

This course is designed to introduce you to basic business concepts, theories, and perspectives. It will serve as a basis for further learning in your program.

Objectives:

  • Understand the principles of business ethics and basic economics.
  • Compare the different types of business ownership.
  • Describe the basics of organizational structure.
  • Identify the differences between management and leadership.
  • Understand the importance of information technology in today’s business environments.

This course familiarizes the student with both the business environment and the manager's role within it. It covers decision making, planning, organizing, leading, and controlling, as well as developing an ethical perspective.

Objectives:

  • Summarize the functions of management and the basic steps in various planning processes
  • Explain how to make effective decisions as a manager and a leader
  • Describe the fundamental elements of an organization's structure and the components of an organization's competitive environment
  • Explain principles for setting goals that motivate employees, why companies develop control systems, and why teamwork is beneficial
  • Analyze why diversity is a critical organizational issue, the criteria for technology decisions, and managing change

Textbook: Management, 5th Edition

 

This course will hone your math skills so you are able to successfully use them in business and finance industries.

Objectives:

  • Use percentages, discounts, and interest formulas effectively.
  • Analyze present worth and sinking funds.
  • Understand how to buy in installments and price merchandise.
  • Explain depreciation, insurance, equations, and formulas.
  • Discuss investments and statistics.

This course will allow you to build your computer skills through a combination of reading and hands-on practice. You will navigate popular software tools such as Windows® and Microsoft® Office.

Objectives:

  • Create, edit, and illustrate Microsoft® Word™ documents.
  • Apply formulas and functions to large data sets in Microsoft® Excel.®
  • Incorporate useful charts and graphs to summarize data.
  • Add, delete, sort, and lay out table data.
  • Create presentations in Microsoft® PowerPoint® using advanced tools, tables, and charts.

This course will provide students with a basic understanding of the principles of financial accounting. Topics covered include analyzing transactions; completing the accounting cycle; merchandising businesses; inventories, assets, and liabilities; and corporations, stocks, bonds, and cash flow.

Objectives:

  • Solve important accounting principles and concepts by creating four common types of financial statements: balance sheet, income statement, statement of retained earnings, and statement of cash flows
  • Explain inventory systems, the inventory process, and the role of ethics in accounting
  • Explain cash and receivables, assets, current liabilities, and debt
  • Analyze stocks and the statement of cash flows and financial statements that are used to assess the value of a business

This course will provide an overview of macroeconomics and the modern market economy. Law of supply and demand, the cost of living, monetary systems, international factors, and short-run economic fluctuations will be examined and discussed.

Objectives:

  • Explain the economic systems and the economic perspective
  • Identify the key factors in macroeconomics and how economists study the economy as a whole
  • Explain the macroeconomic models and fiscal policies
  • Explain money, banking, and financial policy
  • Explain extending analysis of aggregate supply, current issues in theory and policy, and international economics
  • Analyze foreign exchange and investment and the effects each nation’s economy has on another nation’s economy

This course provides an introduction to managerial accounting; analysis: C-V-P and management; budgeting and performance evaluation; decentralized operations; differential analysis and product pricing; capital investment analysis, and cost activities.

Objectives:

  • Analyze the various concepts related to managerial accounting and the cost accounting
  • Show the different tools of management used for the decision-making process
  • Identify the various budget analysis processes and the performance measurements for decision making
  • Analyze the various components of capital budgeting, cash flow statements, and ratio analysis
  • Solve examples of real-world accounting problems using knowledge of accounting forms and equations

Textbook: Managerial Accounting

 

This course provides an overview of Human Resources Management (HRM) as it's understood today. It illustrates the dynamic interaction of the personnel functions with each other and with the objectives of an organization.

Objectives:

  • Describe the elements of human resource management, including labor considerations, regulation, and management of workflow
  • Explain how companies should prepare for and implement HRM to hire new employees and create training programs
  • Identify the aspects of employee, career, and turnover management
  • Summarize how employees are paid, including legal requirements, performance-based pay, commissions, salaries, and benefits
  • Describe other HRM functions including collective bargaining, labor relations, global HRM, and building a high-performance organization

Additional Course Materials:
Textbook: Fundamentals of Human Resource Management

This course provides an introduction to the various methods of organizing material for a professional setting. Students will compose business documents using the ABC method. These include memos, emails, outlines, reports and proposals, descriptions, and organizing materials. Students also work on honing their grammar skills.

Objectives:

  • Describe the basics of the writing process and the ABC method of organizing material for a document
  • Identify the parts of speech in a sentence
  • Demonstrate correct pronoun use
  • Choose proper and effective words for writing documents
  • Identify the elements of a well-written sentence
  • Demonstrate how to use length, directness, emphasis, and variety to craft impactful sentences
  • Explain how to construct a coherent paragraph
  • Describe how to write an effective cover letter and resume
  • Format and write an interoffice memorandum, a routine business letter, and an effective email
  • Identify the different ways to write for blogs, the Internet, and social media
  • Describe how to create an organized formal outline
  • Identify the types of research and methods of documentation used in business and technical writing
  • Explain how to create visual interest and clarity in reports with illustrations, tables, graphs, charts, and overall design
  • Explain the purpose and importance of various types of informal reports
  • Describe the nature of formal reports and identify their components
  • Differentiate among external, internal, informal, and formal proposals
  • Describe an object or a process and prepare a set of instructions
  • Describe the preparation and submission of professional and technical articles and manuals

This course is an introduction to the legal environment of business. Topics covered include American court practice and procedure, alternative dispute resolutions, employment law, business organization and regulation, contract law, and agency relationships.

Objectives:

  • Explain the sources of law.
  • Discuss the judicial process and alternative dispute resolution.
  • Describe different forms of business organization and their characteristics.
  • Explain the elements of contracts and rules pertaining to contracts.
  • Explain the law of agency and laws concerning employment.

Exam information

This assessment will evaluate the knowledge and skills that you learned during the program. You choose the time, the location, and the qualified exam supervisor.

Additional Details

Undergraduate Certificates from Penn Foster College are awarded under licensing from the Arizona State Board for Private Postsecondary Education.

Penn Foster College Accreditation & Licensing Details

Penn Foster College has been nationally accredited for over 40 years, and has met the high standards of integrity and performance set by the Distance Education Accrediting Commission (DEAC) in Washington, D.C. Penn Foster College has been thoroughly reviewed and has earned several important accreditations and licensing. We also participate in the National Council for State Authorization Reciprocity Agreements.

DEAC
SARA
Surround Sound Support

Surround Sound Support

Whether you prefer chat, text, email, or phone, our faculty is here to help you achieve your goals. Penn Foster students also have access to our expert team of Success Coaches to help with budgeting for your education, career guidance, or simply some extra motivation.
Webinars
Over the course of the Penn Foster College Business Management Undergraduate Certificate program, you will have the opportunity to attend live or recorded webinars to help you better understand your lessons. The live webinars will allow you to ask our instructors questions in real time.
Webinars
Progress Tracking and Goal Setting Tools

Progress Tracking and Goal Setting Tools

Our customizable goal-setting tools will help you create a schedule and stick to it. Need some extra time to complete a lesson or take an exam? Not a problem - you can adjust your study plan at any time to set a pace that works for you.

Student Community

Looking to connect with other Penn Foster students? Our Student Community is the perfect place for you to interact with your peers - as well as Penn Foster faculty and staff - to discuss your online learning experience, congratulate fellow students, and share your Penn Foster experience.
Penn Foster Student Community
Penn Foster Sample Lesson

Sample Business Management Lesson

Penn Foster courses are written in a way that is easy to understand, and materials are broken down into manageable lessons. Take a look at what a Business Management course would look like.
Computer Specifications
As you know this is an online academic program. This means you will need high-speed internet access to begin your program. In addition, you will need access to a Microsoft® Windows® based computer running Windows 7® or later or an Apple® Mac® computer running OS X® or later, and an email account to participate in and complete your program.
Access to Microsoft® Office 365 is a requirement for this program.
We reserve the right to change program content and materials when it becomes necessary.
Microsoft and Windows are trademarks of Microsoft Corporation registered in the United States of America and/or other jurisdictions.
Apple, Mac, and OS X are trademarks of Apple, Inc. registered in the United States of America and/or other jurisdictions.
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