College of the Marshall Islands

P.O. Box 1258 Majuro, Republic of the Marshall Islands MH

+692 625-3394

Business Studies

The Department of Business Studies currently offers the following programs of study:

  • Associate of Arts Degree in Business (2 year program)

    • Emphasis in Management

    • Emphasis in Accounting

  • Certification in Accounting Clerkship (1 year program)

 

More Business Certificate Programs are expected to be developed to meet local business needs. In CMI’s Department of Business Studies, our measure of accomplishment is making a difference for our students and the community. We invite you to explore the programs and resources we offer that can make all the difference for you.

 

Mission

Department of Business Studies educational objectives are grounded in the mission of the college. The department seeks to serve the educational needs of its students while providing support to the local business community by offering unique program pathways that are focused on providing knowledge and skills essential for students interested in either continuing their education or joining the workforce.

 

A.A. Degree in Business

The Associate of Arts (A.A.) in Business is in its implementation preparation phase as program sheet was just approved this Fall 2016 semester. The aim is set for full implementation in Spring 2016. Program coursework builds on the College’s Liberal Arts core curriculum which integrates an interdisciplinary core of studies with specialized business courses under two business specialty categories; Management and Accounting. Students who pursue this degree are primarily interested in transferring to a baccalaureate level institution.

 

Click link below to access A.A. Degree Program Sheet:

A.A. Degree in Business Program Sheet (64 credits)

 

A.A. Degree in Business - Program Learning Outcomes

Upon completion of the A.A. Degree in Business Program, student will be able to:

  1. Use basic business principles to analyze information, solve problems and make informed decisions.

  2. Use language, communication, research, and technological skills to support business concepts effectively.

  3. Discuss the effects of culture and ethics in current global and domestic business environments.

  4. Meet their educational goals.

 

A.A. Degree in Business - Sample Course Sequencing

I. First Semester 13 Credits
  CMI 101 First Year Seminar 3
  ENG 105 Fundamentals of Speech 3
  ENG 111 English Composition I 4
  Math Course 3
  ICS 101 Introduction to Microsoft Office 3
     
II. Second Semester  13 Credits
  BUS 101 Introduction to Business 3
  BUS 106 Business Math 3
  ENG 112 English Composition II 4
  PSY 101 Intro to Psychology 3
     
III. Third Semester 16 Credits
  ACC 133 Basic Accounting 3
  ICS 104 Spreadsheets  3
  MATH 160 Statistics  3
  ETH 101 Ethics 3
  Science with Lab Course I 4
     
IV. Fourth Semester 13 Credits
  Science with Lab Course II 4
  SOC 130 Intro to Sociology 3
  ENG 220 Writing Research Papers 3
  Business Specialization Course 3
     
V. Fifth Semester 9 credits
  Business Specialization Course 3
  BUS 251 Entrepreneurship 6

 

 

 

Certificate in Accounting Clerkship

The Certificate of Accounting Clerkship was developed in 2012 to meet the workforce needs of businesses in this area.  The certificate program focuses on examining theories, methods, and concepts of an inclusive approach to accounting work.  It introduces methods used in lower level accounting work.  The program also focuses on business related issues for personnel engaged in today’s accounting office.

 

Click link below to open Certificate in Accounting Clerkship Program Sheet:

Certificate in Accounting Clerkship Program Sheet (31 credits)

Certificate in Accounting Clerkship - Program Learning Outcomes

Upon completion of the Certification in Accounting Clerkship Program, student will be able to:

    1. Use proper accounting terminology.

    2. Communicate ideas clearly in both written and oral communications.

    3. Demonstrate use of technology effectively in an accounting setting:

      1. MS Office programs

      2. Basic Computer Accounting procedures

    1. Perform typical accounting transactions and calculations.

    2. Demonstrate the audit mechanisms employed in a sound accounting system.

    3. Explain the ethical responsibilities imposed on those engaged in business.

 

Certificate in Accounting Clerkship - Sample Course Sequencing

I. First Semester (Fall) 16 Credits
   ENG 111 English Composition 4
  ENG 105 Fundamentals of Speech 3
   ICS 101 Introduction to Microsoft Office 3
  BUS 101 Introduction to Business 3
  ACC 133 Basic Accounting 3
     
II. Second Semester (Spring) 15 Credits
  BUS 106 Business Math 3
   ACC 250 Financial Accounting 3
  ACC 251 Managerial Accounting 3
  ETH 101 Ethics 3
  BUS 296 Internship 3

 

Course Offerings:

ACC 133 - Basic Accounting (3 credits):

Prerequisites: C or Better in Math 102 or BUS 106 and BUS101

Provides an orientation in the field of accounting and basic accounting fundamentals and a preparatory for Financial and Management Accounting. ACC-133-pdf

ACC 250 - Financial Accounting (3 credits):

Prerequisites: C or Better in ACC 133 or BUS 131 and BUS 101

Examines the theory and practice of accounting applicable recording, summarizing, and reporting business transactions for external uses. Topics includes assets valuation, revenue and expense recognition, and appropriate accounting for various asset, liability, and capital accounts. ACC-250-pdf

ACC 251 - Managerial Accounting (3 credits):

Prerequisites: C or Better in ENG 101, ENG 105 and ICS 101

Introduces students to accounting for corporations methods for evaluating financial performance, including cost accounting, budgeting, break-even analysis, ratio analysis, and the sources and uses of cash. ACC-251-pdf

BUS 101 - Introduction to Business (3 credits):

Prerequisites: C or Better in Math 102 or BUS 106 and BUS101

Examines the role of business in a modern economy; its growth, structure, organization and relationship to the changing environment. Surveys types of business, production, marketing, management, accounting, human resources and government requirements. BUS-101-pdf

BUS 106 - Business Math (3 credits):

Prerequisites: C or Better in BUS 101, ACC 133, and MATH 102

Introduces basic theories and concepts in the modern field of economics which combines the macro and micro perspectives and application of basic economic principles to analysis of public policy. BUS-106-pdf

BUS 251 – Entrepreneurship (6 credits):

Prerequisites: C or Better in ACC 133

Surveys the entrepreneurial environment, establishing business, decision-making processes, marketing assessments, financing, operations considerations, and governmental regulations. Examines opportunities and problems of entrepreneurship. Provides the opportunity for students to understand and apply entrepreneurial concepts, and develop skills necessary for the success of a business. Includes the development of a business plan and business field work experience. BUS-251-Gdocs

BUS 296 – Internship (3 credits):

Prerequisites: C or Better in 24 credits of Business courses

Provides the student with a supervised, real-world and practical field experience in a governmental department or a private business. BUS-296-pdf

MGT 261 - Principles of Management (3 credits):

Prerequisites: C or Better in BUS 101

Covers management theory and concepts providing practice tools for planning, organizing, controlling, coordinating and decision making within organizations. MGT-261-pdf

MKT 241 - Principles of Marketing (3 credits):

Prerequisites: C or Better in BUS 101

Covers business activities with planning, pricing, promoting and distributing goods and services. Provides an understanding of the role of marketing in the economy and the processes used to make business decisions. MKT-241-pdf

 

Faculty:

KENDALL-LEKKA, Meitaka. Chair, Business Studies

M.B.A., Accounting, Chaminade University of Honolulu

B.S., Accounting, Chaminade University of Honolulu

Professional Certification in Online Education, University of Wisconsin, Madison

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TESOME, Seyoum

DBA, Business Administration, University of the East, Philippines

MBA, Business Administration, University of the East, Philippines

B.S., B.A., Accounting, Mountain View College, Philippines

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