A study of the legal aspects of business relationships pertaining to partnerships and corporations. Law pertaining to negotiable instruments, property and secured transactions.

A study of managerial decision making, including consideration of costing techniques, budgeting and control, and strategic planning.

Students continue the analysis of financial statements and exploration of present value topics. Corporate debt and equity financing, investments, risk, breakeven analysis, and budgeting are explored. Emphasis is placed on analysis of financial decision alternatives, including risk and opportunity, as important to financial structure and overall financial policy.

Review of the federal income tax laws as they apply to individuals and sole proprietorships, including business and personal deductions, credits, capital gains and losses, property acquisition and disposal, and compensation. Focus will also highlight the tax advantages of home ownership, 401(k) investment plans, IRA plans, and Roth accounts.

A history of commercial banking, functions of the Federal Reserve System, creation of money, open market operations and fiscal and monetary controls.

An advanced analysis of the various tools of estate planning, including trusts and wills.