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Diploma in Small Business Management

Master of Business Administratione

The Diploma in Small Business Management program is designed to acquaint small business owners and employees with business fundamentals essential to starting a small business. A combination of classes taught by world-class instructors and hands-on practical experience show you how to avoid common pitfalls that cause small businesses to fail. Whether you already own a small business or just thinking about opening one, you will learn vital skills and proven management techniques used by currently successful entrepreneurs.

Diploma Requirements

Course Code Course Name Credit Hours
ACCT201

Prerequisite: None
 This course is an introduction to accounting concepts and procedures for an organization. The emphasis is upon the accounting cycle as well as the recording, summarizing, and interpretation of accounting information.
3
BUSS210

Prerequisite: None
This course presents an introduction to the functioning of business enterprises within the US economic framework. Topics include developing a business vocabulary and learning the basic principles and practices of contemporary businesses. Upon completion, students should have an understanding of business concepts that will serve as a foundation for their further studies in the business field.
3
BUSS302

Prerequisite: None
This course examines the role of marketing in society and the economy, the role of marketing in business operations, and the management of the firm's marketing effort.
3
BUSS303

Prerequisite: ACCT 201 Principles of Financial Accounting
This course focuses on the methods of financial analysis and planning within the firm including time value of money, cash flow analysis, capital budgeting, and valuation of debt and equity instruments.
3
BUSS307

Prerequisite:None
This course examines operations relative to the legal and regulatory environment of business. Topics include torts, contracts, liability, sales, and forms of doing business.
3
BUSS312

Prerequisite:None
This course examines how knowledge of individual and group behavior is applied in an organizational setting. Topics include motivation, leadership, group formation and behavior, dysfunctional behaviors, job/task behaviors, and job enrichment/enlargement. The course also examines the ways in which firms recruit, select, train, evaluate, and compensate employees. Current practices in industry are discussed as well as theories and labor law.
3
COMP127

Prerequisite: None
This course provides an overview of personal computers applications. Students study widely used applications, including word processing, spreadsheets, presentation, databases, and introductory elements of web development.
3
ECON 101

Prerequisite: None
Microeconomics mainly studies the economic choices facing the individual entities, including consumers and business firms. This course covers the basic topics of economic tradeoffs, supply and demand model, concept of elasticity, consumer choice model, theories of cost and production, and the firm’s behavior and performance under different market structures. The course also introduces the students to the problems of market failure and public choice, and the impacts of public policy on consumers and business firms.
3
Total number of Credit Hours required 24

Note: Diploma students taking business courses are exempt from mandatory prerequisites.

Sample Schedule

The following is a sample schedule of the possible sequencing of courses for the Small Business Management Diploma.

Course Code Course Name Credits
1st Semester
ACCT201 Principles of Financial Accounting  3
BUSS210 Introduction to Business 3
COMP127 Office Applications  3
ECON101 Principles of Microeconomics 3
2nd Semester
BUSS302 Principles of Marketing  3
BUSS303 Principles of Finance  3
BUSS307 Business Law I  3
BUSS312 Organizational Theory & HR Management  3

* The School of Business at Virginia International University is an Educational Member of the International Assembly for Collegiate Business Education (IACBE), and has affirmed its commitment to excellence in business education.