Course Syllabus

10-145-181 (2 credits)
Fall / Spring

Click to sign into your course

 

Important Links
      

Virtual Advisory Center Instructor information Course Description
Course Information Core Abilities Competencies & Program Outcomes
Advanced Standing Method of Instruction Attendance
Grading Assignments Policies and Information Academic Calendar
Characteristics on an on-line student Academic Integrity Technical Support
Disclaimers Proposed Schedule Student Progress Timeline

Instructor Information

Contact Mike Bark using any of the following methods:

  1. Telephone: 715-682-4591 Ext. 3177 or 1-800-243-WITC
  2. The Blackboard Discussion Board
  3. By e-mail mbark@witc.edu
  4. Face to face on campus in Ashland during office hours or by appointment.

To assure a prompt response to your email, please include your full name and course name including page and assessment number in all correspondence with the instructor. Make sure to provide adequate detail in your message.

SPECIAL NEEDS/SPECIAL ASSISTANCE AVAILABLE

If you have a disability which I should be aware of contact me, (your instructor) or a WITC Counselor immediately. If you feel that you would like some additional help, or if you have a question or concern, please contact Mike Bark personally, by e-mail, telephone, or fax..

Back to Important Links


Course Description

This course emphasizes the importance of good record keeping systems, reports, and the records necessary for a small business. Financial analysis techniques are explored through hands-on Income Statements and Cash Flow Projections for small businesses. Financial and other technical support resources are identified throughout the course.

Back to Important Links


Course Information

Textbook: Survivor's Guide to Small Business, Townsley, 1st edition-2003, Thomson/Southwestern Publishing, ISBN # 0-538-72573-7.

Text may be purchased at our WITC Bookstore or an On-Line bookstore.

  • Online students should make every effort to accomplish the work at the pace indicated by the schedule.  Online students should login to the course frequently to check for announcements and participate in course discussions.
  • Students are to make copies of all of their work on a regular basis. 

Back to Important Links


Core Abilities

1. Act responsibly

a. Learner takes responsibility for own learning

a. Learner recognizes the roles of a consumer and small business owner
b. Learner acknowledges the necessity of accurate financial records

2. Communicate clearly

a. Learner checks for accuracy in financial reports
b. Learner provides detail necessary for financial reports

3. Learn effectively

a. Learner takes responsibility for own learning
b. Learner uses tools for learning such as the calculator, computer, books, manuals and resources
c. Learner organizes appropriate information for applicable financial reports

4. Think critically and creatively

a. Learner applies problem-solving steps
b. Learner sets financial management goals
c. Learner analyzes information, ideas, and problems
d. Learner makes financial management decisions based on careful analysis

5. Work cooperatively

a. Learner plans and works together in meetings
b. Learner applies group problem-solving strategies

6. Work productively

a. Learner recognizes how businesses operate

Back to Important Links


Competencies and Program Outcomes

Upon successful completion of this course, the student in accordance with the grading standards, will be able to:

1. Analyze components of a small business financial plan.
2. Develop a financial management plan for a small business.

Program Outcomes

The student will use financial records to monitor the profitability of a business and control cash flow. The student will learn how to apply for a loan.

Back to Important Links
  


Advanced Standing

Students interested in requesting advanced standing for this course should contact me as soon as possible. Otherwise you should contact the WITC Student Success Technician at the campus closest to you (Ashland, Rice Lake, Superior, New Richmond, Hayward or Ladysmith). 

Back to Important Links


Method of Instruction

This course is currently offered in an individualized format. Financial Management for Your Small Business is designed to introduce you to the fundamentals of starting and/or operating a small business.  Class activities will incorporate written assignments, application exercises, review of a Loan Application/Financial Plan and the development of a community networking list.

Study Suggestions

As you progress through this course, I would suggest that you first familiarize yourself with this syllabus and the textbook, as well using the Internet as a supplement to become aware of additional resources related to Business Finance. Also, read your written assignments and become aware of what you are to look for in each lesson. To assist you in your planning, a proposed outline/time schedule is also included in this syllabus. Please make a notation in your calendar of the dates that all written assignments, loan application, and marketing plan are due.

For each lesson:

1. Look through your chapter written assignment and then read the textbook material as assigned.

2. Again, review the written assignments.

3. Think about how the assignment and text readings are related. Jot down questions or ideas and, if possible, discuss them with a friend, family member, or business peer. If I can help you or offer additional ideas or insight, please do not hesitate to call or e-mail me.

4. Complete the written assignment activities and submit them for grading.

5. Continue on to the next chapter.

Back to Important Links
 


Attendance

It is your responsibility to maintain a pace that will allow you to successfully complete this class by the deadline. A web-based class attendance policy will be reviewed during course orientation.

Back to Important Links
 


Graded Assignments: *

All assessment criteria will focus on a performance-based approach. Grades will be determined by your written assignments and marketing plan. Grades will be based on:

50% Written Assignments

50% Chapter/Unit Application Exercises, Loan Application/Financial Plan, Community Networking List

Hopefully, this will not ever be a concern; however, if anyone cheats or plagiarizes, he/she will receive a zero for that test, project or assignment and will be withdrawn (or may be given a failing grade) for this course.

A scoring guide for your written work will be distributed to you via e-mail or may be attached to this syllabus. The grading scale and other policies are included in the current WITC Student Handbook.


Grading Scale:

Percentage

Grade

Percentage

Grade

95-100% A 80-82% C
93-94% A- 78-79% C-
91-92% B+ 76-77% D+
87-90% B 72-75% D
85-86% B- 70-71% D-
83-84% C+ 0-69% F

Students who want to drop the class, or audit the class should contact the Registration office. Please inform the instructor if you decide to audit or drop the course. Students who audit the class may participate in all class activities, but do not receive a grade.

Please refer to the College Calendar for important dates for changing status or withdrawing from a class.

Back to Important Links


Policies and Information

Special Needs Services

If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Student Services office.  All students are expected to fulfill essential course requirements.  The College will not waive any essential skill or requirement of a course or degree program.

Please view WITC's services for Special Needs.

Back to Important Links


Academic Calendar and Due Dates

This course is offered in a self-paced, flexible schedule format.  There are recommended times for completion of each chapter/unit to keep you on target. 

ALL COURSE WORK MUST BE SUBMITTED BY THE LAST DAY OF THE SEMESTER in which you registered for the course.

Any course work submitted after the above date will not be accepted.

It is important to understand that regularly scheduled time spent working on this course will produce the best learning. 

Other dates of interest may be found on the WITC Academic Calendar

Back to Important Links


Characteristics of an on-line students

Is web-based education for you?

Distance learning is NOT for everyone. To see if you have the tools for success is this virtual environment for learning, take the 
Online Class Assessment.

Back to Important Links


Academic Integrity
 

The very nature of higher education requires that students adhere to accepted standards of academic integrity. Therefore, Wisconsin Indianhead Technical College has adopted a Student Code of Conduct and an Acceptable Internet Use Agreement. These may be found in the WITC  Student Catalog and Handbook.  Among the violations of academic integrity are: cheating, plagiarism, falsification and fabrication, abuse of academic materials, complicity in academic dishonesty, falsification of records and official documents, personal misrepresentation and proxy, and bribes, favors, and threats. 

It is the student's responsibility to be aware of behaviors that constitute academic dishonesty. Pursuant to the due process guarantees contained in the Policy and Procedures on Student Academic Integrity.

Back to Important Links


Technical Support

Should you encounter problems while taking your course, we provide a help desk. This technical support is available via toll-free telephone number as well as email. The help desk can help you with course access problems, forgotten passwords, server errors, etc. as well as issues with your browser. To contact the help desk:

Phone toll free: 800-243-WITC (Ext. 7300)

Email: mahansen@witc.edu

ACADEMIC SUPPORT

If you have any questions about the content of your course, please contact your instructor using the information provided to you at the beginning of the course. Your course always includes email support and may include telephone support depending on individual instructors.

We are here to help!

Back to Important Links


Disclaimers

WITC's web policy requires a link to the WITC's Web Site.

Home Page Disclaimer

The individual web pages of WITC staff and faculty do not in any way constitute official WITC content. The views and opinions expressed in these pages are strictly those of the page authors and comments on the contents of those pages should be directed to the page authors.

Link Disclaimer

When you leave WITC's web space to visit other sites, WITC will not accept any responsibility for the contents of those sites.

Safety

Please remember that when referring to the Internet it is not a communication method that is closed to others and that all data may not be factual.

Back to Important Links


Financial Management for your Small Business

145-181 (2 credits)
Web-Based Course
Proposed Schedule

Week 1
Chapter 4 Legal structure and Financial Resources


Week 2
Chapter 6 Select and Acquire a Location


Week 3-4
Chapter 8 Select Suppliers


Week 5
Chapter 9 Set Prices


Week 6
Chapter 10 Hire Employees


Week 7 & 8
Chapter 11 Human Resource Activities


Week 9
Chapter 12 Human Resource Responsibilities


Week 10
Chapter 13 Banking Services


Week 11
Chapter 14 Granting Credit


Week 12
Chapter 15 Insurance and Taxes


Week 13
Chapter 16 Financial Statements

Week 14
Chapter 22 Growing Your Business

Week 15 & 16
Identify Community Contacts/Network, complet your Small Business Financial Plan and coursework for final grading.


 



Financial Management for Your Small Business
Student Progress Form

 


145-181 (2 credits)
Web-Based Course

Instructor: Michael Bark


Students Name:________________________________________

I. Textbook Written Assignments and Thinking Critically About Business Activities.

Chapter # Grade/Date Completed

Chapter 4 _________ __________

Chapter 6 _________ __________

Chapter 8 _________ __________

Chapter 9 _________ __________

Chapter 10 _________ _________

Chapter 11 _________ __________

Chapter 12 _________ __________

Chapter 13 _________ __________

Chapter 14 _________ __________

Chapter 15 __________ __________

Chapter 16 __________ __________

Chapter 22 __________ __________


II. Community Contacts/Network List:
 

    Networking List (identify and list community contacts for the following areas):

     Accountant:

     Banker:

     Revolving Loan Fund Contact(s):

     Attorney:

     Chamber of Commerce Office:

     Industry Professional Organization/Association (Local, Regional, State, or National level):     

     Local Economic Development Director:

     Small Business Development Center Contact person:

III. Commercial Loan Application/Financial Plan:

                                                                                                     


WITC logo

Comments to: Web Team

© Wisconsin Indianhead Technical College
All rights reserved