NorthWest Arkansas Community College
Division of Business & Computer Information Division
BUTR 2043 ACQUISITION AND M ANAGEMENT OF FINANCIAL RESOURCES (F,S)
Catalog Description:
Key decisions within business processes related to the acquisition and management of capital
resources, including decisions regarding what to acquire, how to finance the acquisition, and
issues related to the accounting for those capital resources. The identification of key decisions
leads to decision models and the identification of information needs.
Prerequisite:
Grade of “C” or better in all of the following: BUTR 1023, BUTR 1033, ECON 2023, BLAW 2013.
Prerequisites for AAS Business Management students are ACCT 2013 Accounting I and ACCT
2023 Accounting II.
Credit Hours/Contact Hours/Load Hours:
3/3/3
Target Audience / Transferability:
Designed for students majoring in some area of business administration. This course is part of
the core business requirements for all students planning to enter the Walton College of Business
at the University of Arkansas.
Student Learning Outcomes:
Students completing this course will:
• Be able to define and identify the components of the basic accounting equation.
• Demonstrate an expanded knowledge of accounting vocabulary and the primary
financial statement elements, the content of financial statements, and the underlying
financial reporting concepts through the preparation and interpretation of corporate
statements; also be able to calculate and interpret common financial ratios derived
from these corporate financial statements.
• Demonstrate an understanding for the Time Value of Money concepts and explain
the rationale behind the NPV method.
• Identify and use the CAPM approach to calculate expected returns.
• Be able to calculate the individual component costs of capital and a weighted
average cost of capital.
• Be able to evaluate a business transaction’s impact on an accrual basis using the
basic accounting equation.
• Be able to distinguish between cash and accrual based accounting in reference to
the recording of revenues and expenses.
• Be able to differentiate between accounting and finance as disciplines by explaining
how they differ and how they are interrelated.
• Be able to explain the relationship between risk and return, and distinguish between
the different types of risks.
• Be able to evaluate capital investments by applying various capital budgeting
techniques, including NPV and IRR.
• Be able to explain the many issues a business should consider when developing its
capital structure policy.
• Use basic math, algebra, and reasoning skills to solve homework assignments and
test questions, which will further understanding of the accounting system and basic
finance concepts.
• Use and apply computer spreadsheet knowledge and skills.
