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Course Details

 

Course Details

Course Code: RTMG204 Course ID: 4145 Credit Hours: 3 Level: Undergraduate

During this course, students will develop a basic vocabulary and application of finance functions and principles. Students will describe the importance of knowing retail based calculations such as retail pricing, markup, and gross profit. They will relate the concepts of retail math (initial margin, markdown, shrinkage, gross profit dollars and percents) to finance and to the overall business success of the retail enterprise. They will define and apply ending inventory, retail cost, cost compliment, net profit, net sales, controllable expense, and non-controllable expense. Students will examine how retail finance can be applied to products and services in a wide variety of situations and how to review a project and evaluate the financial situation.

Course Schedule

Registration Dates Course Dates Start Month Session Weeks
09/28/2021 - 03/04/2022 03/07/2022 - 05/01/2022 March Winter 2022 Session D 8 Week session

Current Syllabi

After successfully completing this course, you will be able to:

CO1: Identify the goals of financial management and retail financial strategy.

CO2: Differentiate the basic principles of financial accounting, operational and financial leverage.

CO3: Describe asset management, budgeting and resource allocation.

CO4: Examine the techniques used to manage short-term assets and related liabilities.

CO5: Differentiate the basic principles of retail pricing strategies and how retailers create unique experiences at compelling prices
CO6: Examine the pricing strategies used by major retailers .and how these strategies will allow them to compete with other retailers.

CO7: Apply the 5 basic principles of finance - The time value of money, Risk-return tradeoff, Cash flows as a source of value, Market price reflects information and how Individuals respond to incentives

CO8: Apply the fundamentals of time value of money, valuation, rates of return, cost of capital, risk and capital budgeting.

CO9: Discuss the concepts of financial planning and forecasting in the retail industry.

CO10: Apply the concepts of financial planning and create a personal financial plan

CO11: Illustrate inventory evaluation and financial inventory control.

After successfully completing this course, you will be able to:

CO1: Identify the goals of financial management and retail financial strategy.

CO2: Differentiate the basic principles of financial accounting, operational and financial leverage.

CO3: Describe asset management, budgeting and resource allocation.

CO4: Examine the techniques used to manage short-term assets and related liabilities.

CO5: Differentiate the basic principles of retail pricing strategies and how retailers create unique experiences at compelling prices
CO6: Examine the pricing strategies used by major retailers .and how these strategies will allow them to compete with other retailers.

CO7: Apply the 5 basic principles of finance - The time value of money, Risk-return tradeoff, Cash flows as a source of value, Market price reflects information and how Individuals respond to incentives

CO8: Apply the fundamentals of time value of money, valuation, rates of return, cost of capital, risk and capital budgeting.

CO9: Discuss the concepts of financial planning and forecasting in the retail industry.

CO10: Apply the concepts of financial planning and create a personal financial plan

CO11: Illustrate inventory evaluation and financial inventory control.

Book Title:Various resources from the APUS Library & the Open Web are used. Please visit http://apus.libguides.com/er.php to locate the course eReserve.
ISBN:ERESERVE NOTE
 

Previous Syllabi

Not current for future courses.