Major Finance
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BACHELORSOFBUSINESSADMINISTRATION
Major FINANCE
FIN 410 Commercial Banking
FIN 420 Investment Banking
FIN 430 Analysis of Financial Statements
FIN 440 BudgetingFIN 460 Development Economics
FIN 470 Multinational Financial Management
FIN 480 Derivatives Investment
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Course Title: Commercial BankingCourse Code: FIN 410
Credit Hours: Three (3)Semester: Specialization for BBAPrerequisite: FIN 260
Aims and Objectives:
The purpose of this course is to familiarize the students with various practical aspects of commercial banks,
their nature, significance, modus operandi, etc. It covers the different departments into which the operations
of banks are divided and the interrelationship that exists between them.
Course Outlines:
1. Introduction to Bank Management
Banking Structure
Banks Financial Statements
2. Basic Asset, Liability and Capital Decisions
Banks Reserve Needs
Banks Liquidity Needs
Managing the Security Portfolio Acquisition and Cost of Bank Funds
Capital Planning Adequacy and Generation
Capital Acquisition and Management
3. Managing the Loan Portfolio
The Bank Credit Organization
Lending Principles and the Business
Commercial Lending
Consumer Lending
4. Special Markets
Agricultural Loans
Real Estate Loans
Small Business Loans
Lease Financing
RECOMMENDED TEXTBOOKS:
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Bank Management - Text and Cases, by Hempel, Simonson & Coleman, (4th
Edition), John Wiley & Sons, 1994.
Modern Banking in Theory and Practice, by Shelagh Heffernan, John Wiley &
Sons, 1996. (Latest Edition)
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Course Title: Investment BankingCourse Code: FIN 420
Credit Hours: Three (3)Semester: Specialization for BBAPrerequisite: FIN 260
Aims and Objectives:
An advanced level course in finance and security analysis. The course goes deep into the concept and
application of valuation as it applies to the process of buying and selling of the portfolio theory as it applies
to the setting up of mutual funds. The regulations concerning buying and selling of securities are also
discussed.
Course Outlines:
1. Investment Banking Today
2. Global Market Integration
3. Raising Capital4. Initial Public Offering
5. Emerging Growth Companies
6. Capital Financing
7. Leveraged Buyouts8. Mergers and Acquisitions
9. Investment Management in an Investment Banking Firm10. Commercial Papers
11. Innovative Instruments and Transactions
12. Tax-exempt Securities Market
13. The economies of Brokerage14. Investment Banking
Recommended Textbooks:
Inside Investment Banking, by Block , E.,, Homewood, ILL . Dow Jones Irwin,1986
Investment Banking Handbook, by Williamson , J. P.,, New York : Wiley, 1986.
Financial Institution Management: A modern perspective, by Anthony Saunders Irwin.
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Course Title: Analysis of Financial StatementsCourse Code: FIN 430
Credit Hours: Three (3)Semester: Specialization for BBAPrerequisite: FIN 260
Aims and Objectives:
The objective of the course is to prepare the students in accounting and analytical
techniques in order to enable them to see through the final reports for the hiddenfinancial information. Create conceptual understanding regarding the mechanics of
accounts behind the financial reports and their effects on the accounting results.
Course Contents:
1. Requirements of Financial Statement Analysis The Raw material of
Analysis
Analysis of current assets
Analysis of non-current assets
Analysis of liabilities
Analysis of stockholders equity
Inter-corporate investments, business combinations and foreign operations
Analysis of income statement
Computation and evaluation of earnings per share
Statements of changes in financial position
Effects of price changes on financial statements
Auditing considerations
2. Further Issues in Financial Statement Analysis
Analysis of short-term liquidity
Analysis of capital structure and long-term solvency
Analysis of return of investment and of asset utilization
Analysis of results of operations
The evaluation and projection of earnings
3. Comprehensive analysis of financial statements
Recommended Books:
Ashwin & Sondhi, Analysis of Financial Statements.
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Practical Financial Statement Analysis, by Foulke, R.A. (6th Edition), New York:
McGraw-Hill, 1968.
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Course Title: BudgetingCourse Code: FIN 440
Credit Hours: Three (3)Semester: Specialization for BBAPrerequisite: FIN 260
Aims and Objectives:
The course will prepare the students for the managerial function of planning and control.
It aims to acquaint them with various techniques and tools used for planning andapplication of controls. It will provide a conceptual platform for decision making
Course Outlines:
1. Budgeting, its objectives
2. Preparation of Budgets for sales, productions, capital expenditures and
manufacturing expenses3. Budgeting commercial expenses
4. Cash Budget
5. Forecasted Balance Sheet and Income Statement6. Flexible Budgeting
7. Responsibility Accounting
8. Standard Costing9. The Nature of Break-even Analysis, Cost-Volume-Profit Analysis.
10. Differential Cost Analysis, Application in case of Accepting additionalorders, Reducing prices Make or Buy decisions etc.
11. Activity based costing12. Activity based budgeting
Recommended Textbooks:
Matz, Adolph and Usry, Milton F., Cost Accounting Planning and Control, Chicago,
South-Western Publishing Co.
Kaplan, Robert, Advanced Management Accounting, New Delhi, Prentice Hall of
India Private Limited.
Fischer, Paul M., Cost Accounting Theory and Applications Chicago, South-WesternPublishing Co.
Maiz Usry, Cost Accounting Planning & Control, South-Western Publishing Co.
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Course Title: Development EconomicsCourse Code: FIN 460
Credit Hours: Three (3)Semester: Specialization for BBAPrerequisite: ECO 160
Aims and Objectives:
The aim of this course to study special economic problems of developing economy in general. Economic
growth and planning for the economic development are discussed in particular.
Course Outlines:
1. Economics, Institutions, and Development: A Global Perspective
How the other Three-Quarters Live.
Economics and Development Studies.
Economies as Social Systems: The Need to Go Beyond Simple Economics
What Do We Mean by Development?
2. Diverse, Structures and Common Characteristics of Developing Nations
Some Classifications of Developing Countries.
The Structure of Third World Economies.
Common Characteristics of Developing Nations.
3. Theories of Development: A Comparative Analysis
Leading Theories of Economic Development: Five Approaches.
The Linear-Stages Theory.
Structural-Change Models
The International-Dependence Revolution
The Neoclassical Counterrevolution.
The New Growth Theory
Theories of Development : Reconciling the Differences
4. Historic Growth and Contemporary Development: Lessons and
Controversies
The Growth Game
The Economics of Growth: Capital, Labor, and Technology
The Historical Record: Kuznet's Six Characteristics of Modern EconomicGrowth
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The Limited Value of the Historical Growth Experience: Differing Initial
Conditions.
5. Growth, Poverty, and Income Distribution
The Growth Controversy
Some basic Concepts: Size and Functional Distributions of Income
A Review of Evidence: Inequality and Absolute Poverty in Third World
Countries
Economic Characteristics of Poverty Groups
Income Levels, Growth, and the Extent of Poverty: The kuznets
Hypothesis and Other Tests
Redefining Development Goals: Growth with Improved Income
Distribution.
The Role of Economic Analysis: Redistribution from Growth
The Range of Policy Options: Some Basic Considerations
6. Population Growth and Economic Development: Causes, Consequences, and
Controversies
The Basic Issue: Population Growth and the Quality of Life.
A Review of Numbers: Population Growth - Past, Present and Future.
The Demographic Transition
The Causes of High Fertility in Developing Countries: The Malthusian
and Household Models
The Consequences of High Fertility: Some Conflicting Opinions
Goals and Objectives: Toward a Consensus
Some Policy Approaches
7. Unemployment: Issues, Dimensions, and Analyses
The Employment Problem: Some Basic Issues
Dimensions of Third World Unemployment: Evidence and Concepts
Economic Models of Employment Determination
8. Urbanization and Rural-Urban Migration: Theory and Policy
The Migration and Urbanization Dilemma
Urban Unemployment
Migration and Development
Internal migration in Developing Nations: Some General Facts
Toward an Economic Theory of Rural-Urban Migration
9. Agricultural Transformation and Rural Development
The Imperative of Agricultural Progress and Rural Development
Agricultural Stagnation and Growth, 1950-1990
The Structure of Third World Agrarian Systems
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The Important Role of Women
The Economics of Agricultural Development: Transition from Peasant
Subsistence to Specialized Commercial Farming
Toward a Strategy of Agricultural and Rural Development: Some Main
Requirements
10. The Environment and Development
Economics and the Environment
Environment and Development: The Basic Issues
The Scope of Environmental Degradation: A Brief Statistical Review
Rural Development and the Environment: A Tale of Two Villages
Traditional Economic Models of the Environment
Urban Development and the Environment
The Need for Policy Reform
The Global Environment: Rain Forest Destruction and Greenhouse Gases
Policy Options in Developing and Developed Countries
11. Education and Development
Education and Human Resources
Education in Developing Regions
The Gender Gap: Women and Education
The Economics of Education and Employment
Education, Society, and Development: Some Issues
12. Foreign Finance, Investment, and Aid: Controversies and Opportunities
The International Flow of Financial Resources
Private Direct Foreign Investment and the Multinational Corporation Multinational Corporations: Size, Patterns, and Trends
Foreign Aid: The Development Assistance Debate
Recommended Textbooks:
Economics of Development, by Gillis, M., D.H. Perkins, M. Roemer and D. R.
Snodgras (1992), third Edition, New York: Norton & Company, Hereafter: GPRS
Economic Development in third World, by Todaro, Michael P. (1994).New York &
London: Longman. Hereafter: Todaro
Leading Issues in Economic Development, Fifth Edition. New York: OxfordUniversity Press. 5-15. Hereafter: Meier ,Chapter 1 and 2, by Todaro.
Economic Development, by Higgens, B. (1959), W.W.Norton & Company. INC.
New York.
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Course Title: Multinational Financial ManagementCourse Code: FIN 470
Credit Hours: Three (3)
Semester: Specialization for BBA
Prerequisite: FIN 260
Aims and Objectives:
The course provides a conceptual framework wherein the key financial decisions of the
multinational firms can be analyzed. The subject treats international financial
management as a natural and logical extension of the principles learnt in the financial
management course. The course builds on and extends valuation framework provided bydomestic corporate finance to account for dimensions unique to international finance. It is
particularly useful for those students who want to specialize as Financial Analyst in the
world context and want to qualify professional examinations.
Course Contents:
1. Introduction: Multinational enterprise and multinational financial management
2. Environment of International Financial Management
(i) The Determination of Exchange Rates(ii) The International Monetary System
(iii) The Balance of Payments and International Economic Linkages
(iv) The Foreign Exchange Market(v) Currency Futures and Options Market
(v) Parity Conditions in International Finance and Currency Forecasting
3. Foreign Exchange Risk Management:
(i) Measuring Accounting Exposure
(ii) Managing Accounting Exposure(iii) Measuring Economic Exposure
(iv) Managing Economic Exposure
4. Multinational Working Capital Management:
(i) Financing Foreign Trade
(ii) Current Asset Management
(iii) Managing the Multinational Financial System
5. Financing Foreign Operations:
(i) International Financing and International Financial Market(ii) Special Financing Vehicles
(iii) International Banking Trends and Strategies
(iv) The Cost of Capital for Foreign Investment
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6. Foreign Investment Analysis:
(i) International Portfolio Management
(ii) Corporate Strategy and Foreign Direct Investment(iii) Capital Budgeting for the Multinational Corporation
(iv) The Measurement and Management of Political Risk
Recommended Textbooks:
Foundations of Multinational Financial Management: 1999 Edition by Allan CShapiro: Prentice Hall
The Global Financial System: 2000 Edition by Dwight D Crane (Editor)
Comparing Financial Systems: 2000 Edition by Frank Allen et al.
International Finance: The Markets and Financial Management of Multinational
Business; 2000 Edition; by Mauric Levi
Student Guide by Allen C Shapiro
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Course Title: Derivatives InvestmentCourse Code: FIN 480
Credit Hours: Three (3)
Semester: Specialization for BBA
Prerequisite: FIN 260, QTM 220
Aims and Objectives:
Financial derivatives are techniques for using statistical theory to minimize risk and
maximize profits in banking and other financial institutions. The course is concerned with
pricing and hedging of derivative securities. This subject has undergone rapid a
expansion over the last two decades. This rapid expansion can be partly explained by therealization by the financial institutions that the theory of derivative pricing can be used to
great benefit for the hedging of risk associated with writing options. Now every major
financial institution in Europe, North America and Asia trades or uses derivatives in one
form or another. The course aims at providing knowledge underlying derivative pricingand a guide to applying these ideas to solve real pricing problems.
Course Contents:
Single Period Options Pricing
Brownian Motion
Martingate
Stochastic Integration
Girsanov and Martingate Representation
Stochastic Differential Equation
Option Pricing in Continuous Time Dynamic Term Structure Models
Modelling in Practice
Basic Instruments and Terminology
Pricing Standard Market Derivatives
Future Contracts
Pricing ExoticAmerican and Path-Dependent Derivatives
Short Rate Models
Market Models
Markov Functional Modelling
Legal Risk: A Review of Case Laws affecting Swaps and relatedDerivatives Instruments
The Economics of Derivatives Documentation
Risk Measurement
Risk Oversight: the Board of Directors Role. Risk Oversight for Senior
Managers. Controlling Risk in Dealers
Firmwide Risk Management: An Integrated Approach to Risk
Management and Internal Control
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Regulation: Functional Regulation. Functional and Institutional
Interaction, Regulatory Uncertainty, and the Economics of Derivatives Regulation
Transparency and Disclosure. Derivatives Address. PositionTransparency: What do we need to know? When do we need to know it?
Hedge Accounting: An Exploratory Study of the Underlying Items.
Recommended Textbooks:
Financial Derivatives in Theory and Practice: PJ Hunt, Joan Kennedy; Edition 2000:
John Wiley
Derivatives Handbook: Risk Management and Control; Robert J Schwartz; Edition2000; Wiley Series in Finance
Risk Management and Financial Derivatives: Satyajit Das; edition 2000
Options, Futures, and Other Derivatives (with Disk); John C Hull; edition 2001
Derivatives: the Wild Beast of Finance
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Major INFORMATION TECHNOLOGY
IT 420 System Analysis and Design
IT 425 Databases Design
IT 435 Advance Programming in Computer
IT 440 Computer Architecture and Operating
Systems
IT 460 Data Communication and Computer
Network
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Course Title: System Analysis & DesignCourse Code: IT 420
Credit Hours: Three (3)
Semester: Specialization for BBA
Prerequisite: IT 110, IT 210
Aims & Objectives:
This course focuses on the understanding of system development life cycle and methods
and techniques used to perform structured analysis and design of Information Systems. A
project will also be assigned to individuals or groups. The purpose of the project is to
make the students apply the techniques they have learned through out the course and getinside prospective of how Information Systems are developed.
Course Contents:
Intro to System Analysis
Who is a System Analyst?System Analyst as a Facilitator
System Analysis
What is system design
System Development Life Cycle
System Development Life Cycle
Information System Development Life Cycle (1st ed)
Feasibility Methodologyss
Underlying Principles
Structured Analysis Techniques
Building Blocks
Traits of an Analyst
Data Modeling
Advantages of Data Modeling
Entity Discovery
Attributes, Properties of Data
Data Modeling ( Key Based Model, Fully Attributed Model)Cases on Data Modeling
(a) Student Registration
(b) Order Processing System(c) Tours/ Travel agency
Process Modeling:
Entities/ Agents, Process, Data Stores, Data Flows
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Common Errors
Black Holes, Miracale
Network ModelingProcess Modeling
(a) DFD
(b) Symbols used for Modeling(c) Common DFD errors
(d) Common Mechanical Errors
Data Model for the Group Project Discussion.Data Model for the Group Project Submission.
(a) Cash & Bank System
(b) Registration and Fee Slip Generation System
(c) Costing System
Object Modeling:
Class, Inheritance, Generalization, Super type, Sub Type, Objects,
Relationships Multiplicity, Polymorphism
Process of Modeling
Case Modeling
Design
Input /Output Design
Data Capture
Issues for Input Design
Internal Control for Input, GUI controls
Proto Type
Output Design (Reports)
Output Media & Format
Process Model for the Group Project Discussion.
Process Model for the Group Project Submission.
System Implementation
Group Presentation of Project
Recommended Textbook:
System Analysis & Design by Jeffery L. Whitten, Lonie D. Bentley
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Course Title: Databases DesignCourse Code: IT 425
Credit Hours: Three (2+1) (2 hours class and 2 hours lab)
Semester: Specialization for BBA
Prerequisite: IT 110, IT 210
Aims & Objectives:
This course is designed to provide the students an understanding in the theory and
implementation of databases. Emphasis is on how to design information system and how
to create relational databases. Extensive hands on DDL SQL.
Course Contents:
What are Databases
What is a Database System
File Structures and File Accessing Method:
Types of Databases
Overview of Databases Management System
Architecture of Database Systems.
Internal, External, Conceptual Level
Database Administrator
Distributed Databases
Distributed Processing
Data Communication Manager
What is a Table:
(Field, Record)
Client Server
(Getting SQL and Network accounts)
SQL (Select)
Process of DBMS
Functions of DBMS
Benefits of DB Approach
Utilities of DBMS
Intro to Relational Databases
(Insert, Update, Delete)
Relational Database
Domains and Relations
User Defined, system Defined, Domains Constraint
Properties of Relations
Kind of Relations
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Relational Data Integrity
Candidate Keys, Foreign keys, Rules of Foreign Keys
Nulls and effect of nulls on Foreign and Primary Keys
Create Structures of Databases (Base Tables, Views, Snap Shots ) Joins
Reference
Relational Operators
Relational Algebra (Divide, Join, Union, Product, minus)
SQL (Group Functions, Drop, Alter, Union, Intersection, Cascade
Options)
SQL (Distinct, Order by, Alias)
SQL (Nested SQL, Group Functions)
Database Design
Normalization (1st, 2nd, 3rd)
Entity Relationship Diagrams
Recovery
Transactions, Transaction Recovery
Acid Properties
System Recovery
Media Recovery, Two Phase Commits
Concurrency
Three Concurrency Problem
Locking, Deadlocking
Security
Integrity
Integrity Rule
Domain Rule
Attribute Rule
Database Rule
Check, Reference, Trigger
DBA on Oracle
Recommended Textbook:
Database Systems by C. J. Date.
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Course Title: Advance Programming in ComputerCourse Code: IT 435
Credit-hours: Three (2+1) (2 hours class and 2 hours lab)
Semester: Specialization for BBA
Prerequisite: IT 160
AIMS & OBJECTIVES:
To cover in depth the most current programming techniques in the context of object oriented paradigm. In
this course the students will apply C++ effectively in data abstraction and object oriented design.
COURSE CONTENTS:
1. Structures: Structure specification
Structure definition
Accessing structure elements
2. Special type of Functions:
Virtual Functions, Friend Functions, Static Functions
3. Files and Streams:
Streams, string I/O
Character I/O
Object I/O I/O with multiple objects
File pointer, disk I/O with member functions
Error handling, redirection of input and Output
Command line arguments, printer output
4. Introduction to object Oriented Programming:
Advantages of object oriented approach
Objects, class, Inheritance, reusability
Creating new data types, polymorphism, overloading
5. Dealing with Classes and objects In C++:
Specifying and using classes and objects
Constructors and destructors
Objects as function argument
Returning objects from functions
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6. Operator overloading:
Overloading unary operators
Overloading binary operators
Data conversion Pitfalls of operator overloading
7. Inheritance
Derived and base classes
Derived class constructors
Overriding member functions
Class hierarchies
Public & private inheritance
Levels of inheritance
Multiple inheritance
RECOMMENDED TEXTBOOK:
Kip R Irvine, C++ and object oriented programming.
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Course Title: Computer Architecture and Operating SystemsCourse Code: IT 440
Credit Hours: Three (2+1) (2 hours class and 2 hours lab)
Semester: Specialization for BBAPrerequisite: IT 110
Aims & Objectives:
This course deals with two areas (a) Operating Systems (b) Computer Architecture. Thefirst part is an overview of computer architecture, and the second part deals with the
understanding and functioning of operating systems. The aim of the course is to learn
how these programs control and manage the devices on the computer. The course isgoing to have hands on training on some basic functions of the operating systems like
Unix, Windows and NT.
Course Contents:
1. Architecture
2. Introduction of Computer System Architecture
Evolution of Computers
Hardware and firm Ware
Computer Software
3. Basics of Computer architecture (computer structures)
Types of Computers and future trends computer instruction set
Addressing modes and instruction Types
4. Input/output Design
Programmed I/O, standard I/O unconditional programmed I/O
Interrupt I/O computer organization
5. Operating System
6. Functions and Structures of an Operating System.
7. Responsibility of an operating System
8. Process Management/ Scheduling Techniques
9. C.P.U scheduling alghorithims
10. Memory Management Techniques
Virtual Memory
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11. File Management
Recommended Textbooks:
Rafiq-uzzaman and Chandra Galgotia, Modern Computer Architecture.
Abrahm Silberschatz, Peter Galvin, Operating System Concepts.
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Course Title: Data Communication and NetworksCourse Code: IT 460
Credit Hours: Three (2+1) (2 hours class and 2 hours lab)
Semester: Specialization for BBA
Prerequisite: IT 110
Aims & Objectives:
This course is designed to provide the students an understanding of computer networks
and data communications. The students would study different types of topologies and
protocols and implement the network component of applications.
Course Contents:
Computer Networks
Communication System Devices
Channel characteristics
Transmission Modes, Modulation
Modems
Network Architecture
Layered Protocol
ISO Reference Model
TCP/IP
RS-232-c and RS-449
X.21
Error Detection and Correction
LAN
IEEE 802
Packet Switching, Segmentation, Re-assembly
Virtual Circuits and Datagrams
X.25
Flow and congestion control
Routing
Transport services
Network Security and Management
File Transfer and Access Management
E-mail, Internet and virtual terminals.
Recommended Textbooks:
John R. Freer, Computer Communications and Networks, IEEE
Fred Halsall, Data Communication, Computer Networks and open systems
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Course Title: Software Application in BusinessCourse Code: IT 161
Credit Hours: Three (2+1) (2 hours class and 2 hours lab)Semester: Second Semester
Prerequisite: Nil
Objectives:
In this highly technologically advanced and competitive job market, each graduatingMBA students will encounter a number of software applications installed on the
computer desktop as soon as they start their new career.
This course ill familiarize them with the management aspect of the most common
software used in the industry today.The students will be required to find a business which could benefit from one of these
software packages and implement it for that company.
Emphasis of this course is to prepare the student to Familiar and use these software packages with ease and comfort.
Make informed decisions as manager in a corporate environment.
Core Components Include
Advanced Microsoft, Office (Word, Excel, Power Point, Project) Tips andTechniques
Using Contact Management software as MS-Outlook/Exchange
Document Management Via Lotus Notes
Planning and implementation, Management and Using the HRM model ofmy SAP.
Over view of Accounting software, QuickBooks (Small Business),Peachtree Accounting (Medium sized Business) and mySAP Accounting (Large
Business).
Overview of People soft HRM software, mySAP HRM Module
mySAP Business Management Module
E-mail, Internet and virtual terminals.
Recommended Textbooks:
Microsoft Office Tips and Techniques
Baic Lotus Notes
mySAP for Managers
Basic Quickbook tips and techniques
Basic Peach Tree Tips and techniques
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Managing with Peoplesoft