 ## PGS Foundational Courses

### Introduction

Students must complete the required college-level coursework:

• Statistics and Excel
• Introduction to Managerial Accounting

Students missing any of the required course may apply for admission, and if accepted, will be required to complete the course prior to matriculation.

### Important Dates

September 20, 2019: Registration deadline for ACCT500 and STAT500

September 30, 2019: ACCT500 course begins

October 8, 2019: ACCT500 first webinar class session

September 30, 2019: STAT500 course begins

October 9, 2019: STAT500 first webinar class session

### Course Descriptions

##### STAT 500 Statistics and Excel

What students learn in this course:

• Describe how data clusters and disperses.
• Describe types of events, probability rules, and ways of organizing probability information.
• Use probability distributions.
• Draw conclusions about a population using sampling distributions.
• Use mathematical statements to describe the level of confidence in conclusions about a population.
• Understand how a hypothesis test is used to estimate the role chance plays in the outcome of an experiment.
• Analyze the relationships between two or more variables using regression analysis.
• Use Microsoft Excel to conduct a statistical analysis.

About this course: If you cannot measure something, you will have difficulty giving it value. Obtaining a basic understanding of statistics is the first step to the problem-solving process. In this course, you will learn the basics of statistics and spreadsheet skills. In the first part of the course, we will discuss descriptive statistics: You will learn about variables and how you can compute measures of central tendency (mean, median and mode) and dispersion (standard deviation and variance). Next, we examine how to assess relationships between variables and the concepts of correlation and regression. The second part of the course is concerned with the basics of probability: calculating probabilities, probability distribution, and sampling distributions. We will also discuss confidence intervals and significance tests. You will not only learn about all these statistical concepts but also be trained to calculate and generate these statistics using Microsoft Excel.

##### ACCT500 Introduction to Managerial Accounting

What students learn in this course:

• Awareness of how business events influence accounting transactions and the three primary financial statements: the income statement, the balance sheet and the statement of cash flows.
• Using the context of a company’s financial statements and ratios, tell the company’s story and frame basic questions.
• Effectively recognize distinctions between accrual and cash flow financial data and acknowledge how they are used in business decisions.
• Understand common managerial accounting techniques that support decision making, such as, cost-volume-profit analysis, incremental analysis, and capital budgeting.
• Gain an appreciation of the sustainability context of environmental, social, and political issues in relation to financial accounting and managerial decisions.

About this course: The language and tools of accounting empower managers to navigate a complexity of financial pressures and opportunities. This course reveals how business events become financial statements, how those statements tell a business’ story and what is missing from that story, in a social and environmental context.  We will explore techniques that support managerial decisions, such as distinguishing cash from accrual accounting, discerning cost behaviors to the model choices and discounting future cash flows fo understand value. 