Identifying Business Concepts
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- Date Submitted: 10/26/2010 10:56 AM
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Identifying Business Concepts: Tutorials
Beginning a graduate program in business, without having a business major undergraduate degree, can be a challenge. The basics of many of the concepts of the business field are taught in the classes offered in undergraduate classes dealing with finance, economics, statistics, and accounting. Those who chose to acquire majors in those specific areas have an even greater understanding of the concepts described in the assessments of the tutorials. After taking several of the assessments, the need for improvement in each of those areas was evident. Understanding these key topics will require the investment of many study hours.
Statistics
Many of the topics of statistics were easy to understand and the concepts easy to grasp because of the similarities to other topics, such as research. As a Criminal Justice major, classes are dedicated to teaching students the methodology behind good research and the collection of data. Some emphasis is also directed at the process of understanding and properly using statistical data. As a result, when looking at the tutorial for Statistics, the topic found to be most difficult was Basic Probabilities. To better understand the concepts in this topic, the rest of the tutorial will be read, along with research, and studies of books describing the basic principles of the topic.
Accounting
Accounting focuses on the means of balancing the budget of an organization. In the tutorial, topics suck as balance sheets, income statements, economic measurement and statements of cash flow are discussed. Amongst the five topics, the most difficult was the statements of cash flow. The basic concepts of the topic were understood but problems with deciphering and remembering the different terms seemed to be the problem. To remedy this problem, more time will be spent studying, and memorizing the definitions of the terms used to describe cash flow within business operations.
Finance
The topic of finance...
Beginning a graduate program in business, without having a business major undergraduate degree, can be a challenge. The basics of many of the concepts of the business field are taught in the classes offered in undergraduate classes dealing with finance, economics, statistics, and accounting. Those who chose to acquire majors in those specific areas have an even greater understanding of the concepts described in the assessments of the tutorials. After taking several of the assessments, the need for improvement in each of those areas was evident. Understanding these key topics will require the investment of many study hours.
Statistics
Many of the topics of statistics were easy to understand and the concepts easy to grasp because of the similarities to other topics, such as research. As a Criminal Justice major, classes are dedicated to teaching students the methodology behind good research and the collection of data. Some emphasis is also directed at the process of understanding and properly using statistical data. As a result, when looking at the tutorial for Statistics, the topic found to be most difficult was Basic Probabilities. To better understand the concepts in this topic, the rest of the tutorial will be read, along with research, and studies of books describing the basic principles of the topic.
Accounting
Accounting focuses on the means of balancing the budget of an organization. In the tutorial, topics suck as balance sheets, income statements, economic measurement and statements of cash flow are discussed. Amongst the five topics, the most difficult was the statements of cash flow. The basic concepts of the topic were understood but problems with deciphering and remembering the different terms seemed to be the problem. To remedy this problem, more time will be spent studying, and memorizing the definitions of the terms used to describe cash flow within business operations.
Finance
The topic of finance...