<p>Hello,
I will be attending the 5-week summer program at Georgetown University this summer. The program I will be taking is the Fundamentals of Business. I am from Montgomery County, Maryland… about 45 minutes away from the University. The website says that I have the entirety of the afternoon to do school work and explore the Washington DC area. As I am right outside of DC, I have been to every attraction in the DC Metropolitan area. So I just don’t want to be sitting in my dorm room with boredom.</p>
<p>My question to you is, is the course work a lot for Fundamentals of Business and should I take a second course? Which one?</p>
<p>Accounting I
This course is an introduction to financial accounting. Financial accounting is the process through which an organization reports financial information to interested parties. In other words, it is the language of business. The information is used for decision-making purposes by managers, investors, bankers, labor unions, suppliers, etc. In this class, you will learn how to prepare, analyze and use financial accounting information.</p>
<p>Accounting II
This course is designed to give you, as a manager in a non-accounting job, the fundamental vocabulary, concepts and procedures to work with management accountants in an informed way to answer questions like these: How effectively are my actions linked with corporate strategy? What activities of mine are differentiating and add value? What are my commodity activities that either destroy value or waste resources? How do I analyze the way a cost is accumulated to make sure it is relevant to a specific decision I must make? How do organizational control and incentive systems affect the motivation levels and actions of people who report to me? </p>
<p>In short, understanding the fundamental vocabulary, concepts and procedures of management accounting will help you
a. grow revenues and profits while planning and controlling related expenses
b. manage risks
c. understand, measure and drive performance</p>
<p>Fundamentals of Finance
This course is a survey course, designed to explore the major concepts in corporate finance. Topics include Time Value of Money; Net Present Value/Internal Rate of Return; Valuation of Stocks and Bonds; Financial Statements/Ratios; Managing Growth; Discounted Cash Flow; Risk, Return and the Cost of Capital; Capital Structure; Dividends; Raising Capital/Going Public; Mergers and Acquisitions; and Corporate Restructuring. </p>
<p>The course focuses on applications of finance to assist students outside the Business School to understand financial statements, apply financial analytical techniques, and learn the basics of the capital markets. Note: students will not be expected to have prior knowledge of course concepts.</p>