ACBS568A

039161

Students will demonstrate an understanding of small business and corporate structure and be able to understand and explain the differences of sole proprietorship, Limited Liability Corporation, S Corporation and C Corporation. Students will study accounting principles and be able to differentiate between an income statement, balance sheet, and cash flow statement and summarize and interpret what each financial statement represents. Students will learn to prepare budgets and forecasts, and a cash flow statement. Students will discuss the meaning of the basic requirements of a contract while also comparing and contrasting various negotiation tactics. Students will learn to utilize risk management tools and solve problems using basic risk assessment tools. They will learn to demonstrate an understanding of human resource law and indicate the policy implications of those laws (including but not limited to: civil rights, sexual harassment, protected classes, ADA, OSHA, FMLA, etc.) Students will learn to recognize communication skills needed for clients (education, customer service), employees (interviewing, team building, and managing personnel interactions), investors, and media. They will be able to compare and contrast the difference between selling and marketing and describe why both selling and marketing are essential to selling to markets.

Students taking this course at the graduate level will be required to complete this project. The student will be expected to develop the following for a start-up small business company (a faculty approved small animal, veterinarian, or agribusiness):
- Business structure with supporting reasons for use of this structure and the necessary steps to implement
- A start-up budget for the first 3 years of operations including a capital budget with financing
- Projected staffing and basic policies that demonstrate company support of the necessary human resource laws covered in the class
- A simple value chain model for the business
In addition the grading scale for graduate-level will be 93-100% A, 83-92% B, 73-82% C, 63-72% D, Below 63% E

GRD - Regular Grades A, B, C, D, E

Graduate

GIDP - ABS (Applied Biosciences)

ACBS468A