TRL300 - Introduction to Business

Subject Title
Introduction to Business

Subject Description
This course provides the "need to know" concepts of business for today's student. Business issues such as entrepreneurship, ethics, global business, and technology will be addressed. This focused and applied approach to learning about the business environment will set students up for future success. Topics will include forms of business ownership, starting and managing your own business, technology and the internet, evolving economic systems and competition, trends, social responsibility and managing human resources. Students will also be introduced to the basics of accounting and bookkeeping.

Credit Status
One credit toward diplomas offered by the School of Tourism

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Describe the basic environments (legal, social, economic) in which business operates.
2. Explain basic concepts of management and recognize problems faced in operating a business enterprise.
3. Recount basic information with respect to money and banking, financial management, stock and bond markets and risks involved in business.
4. Describe the basic elements of accounting, computers, data processing and quantitative methods, with emphasis on the role they play in business.
5. Identify and describe changing factors that could influence business in the future, and relate how these factors could affect the student's career.
6. Analyze business transactions involving all five elements of the accounting equation (assets, liabilities, owner's equity, revenue and expenses), record transactions in T-account form and prepare a trial balance and financial statements for a service business.
7. Journalize transactions in two-column general journal, post to general ledger accounts; complete a ten-column worksheet and financial statements; journalize and post correcting, adjusting and closing entries; prepare a post-closing trial balance for a service business.
8. Write cheques, reconcile a bank statement and journalize entries involving bank accounts, petty cash and change funds.

Essential Employability Skills

    •  Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

    •  Respond to written, spoken, or visual messages in a manner that ensures effective communication.

    •  Execute mathematical operations accurately.

    •  Apply a systematic approach to solve problems.

    •  Use a variety of thinking skills to anticipate and solve problems.

    •  Locate, select, organize, and document information using appropriate technology and information systems.

    •  Analyze, evaluate, and apply relevant information from a variety of sources.

    •  Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

    •  Manage the use of time and other resources to complete projects.

    •  Take responsibility for one's own actions, decisions, and consequences.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecapolytechnic.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecapolytechnic.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Camera Use and Recordings - Synchronous (Live) Classes
Synchronous (live) classes may be delivered in person, in a Flexible Learning space, or online through a Seneca web conferencing platform such as MS Teams or Zoom. Flexible Learning spaces are equipped with cameras, microphones, monitors and speakers that capture and stream instructor and student interactions, providing an in-person experience for students choosing to study online.

Students joining a live class online may be required to have a working camera in order to participate, or for certain activities (e.g. group work, assessments), and high-speed broadband access (e.g. Cable, DSL) is highly recommended. In the event students encounter circumstances that impact their ability to join the platform with their camera on, they should reach out to the professor to discuss. Live classes may be recorded and made available to students to support access to course content and promote student learning and success.

By attending live classes, students are consenting to the collection and use of their personal information for the purposes of administering the class and associated coursework. To learn more about Seneca's privacy practices, visit Privacy Notice.