Course Overview
A 5 day (30 hour) introduction to business fundamentals needed to function in modern-day natural resource administration. Covered are basic accounting, including balance sheets and income statements; basic business law, including incorporation, contract law and liability; insurance; financing of public and private ventures. Preparation of business plans for private (e.g., a ski area) and public ventures (e.g., FRBC project) are reviewed. Marketing of professional/technical services and development of technical proposals and terms of reference are presented and discussed.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
2.0
- Not offered this term
- This course is not offered this term. Notify me to receive email notifications when the course opens for registration next term.
Learning Outcomes
Upon successful completion, the student will be able to:
- Read and interprets a balance sheet and financial statements.
- Describe a standard accounting/bookkeeping system and make entries.
- Formulate a basic business plan for a small business or a project proposal for a corporation in the resource sector.
- Formulate marketing materials for professional and technical services in the resource sector.
- Describe the primary financing methodology for private and public sector projects, and the advantages and disadvantages of each.
- Describe the primary legal forms of business organization.
- Describe basic business risk assessment and management techniques.
- Describe the main outline of business and contract law, including liability and responsibility of company directors.
- Formulate realistic contract proposals and terms of reference as both a seller and as a buyer of services.
- Become familiar with tools and methods for assessing business opportunities.
Effective as of Fall 2003
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.