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 Critical Thinking (3.0 Cr)
Business & Management
Course Description
Critical thinking is a necessary step toward success in almost all settings. This program is designed to help learners define and identify critical thinking and reasoning skills and develop those skills through real-world case studies, interactive exercises, and checklists.
Learning Objectives
Upon completion of this course, students will be able to:
- Define critical thinking, reasoning, and logic
- Ask appropriate questions for critical thinking
- Define the logical approach to critical thinking
- Determine your preferred problem-solving style
- Understand the process of systematic problem-solving
- Utilize analysis models (situation assessment; decision analysis; problem evaluation)
- Identify and overcome barriers to critical thinking
- Articulate common reasoning fallacies
- Understand critical thinking as it pertains to the workplace
- Apply critical thinking skills to different disciplines
Breadth of Assignments
This course utilizes a variety of assignment types in exploring the basic
principles of Critical Tincluding reading assignments, both online and
textbook based, individual assignments involving online research, essay
writing, and analytical review questions, group projects involving discussion
boards, collaborative thought, and a course-wide research and writing
case study assignment.
Required Texts
Cunningham B., Nikolai, L., and Bazley, J. (2004). Accounting: Information
for Business Decisions (2nd ed.). Mason OH: South-Western. ISBN: 0-324-18599-5
Critical Thinking
Business & Management
Module/Topics
Module 1: What is Critical thinking?
• Define critical thinking
• Outline the key underlying concepts in critical thinking
• Describe the relevance of critical thinking to evaluating arguments and problem solving
• Articulate how critical thinking skills can help you in all aspects of your life
• Explain the importance of asking the right questions in critical thinking
• Define barriers to critical thinking
• Describe how reasoning and logic figure in critical thinking
Module 2: Systematic Problem Solving
• Describe the process of systematic problem solving
• Apply the process in analyzing a problem and deriving a solution to it
• Explain the Socratic method and its application to problem solving
• Define Occam's razor
• Identify the 8 elements of reasoning and describe how they are employed
• Identify the 7 standards of critical thinking and describe how they are applied
decisions
Module 3: Barriers to Critical Thinking
• Recording accounting transactions and evaluating the effects of
these transactions on the financial statements
• Preparing a balance sheet from the accounting records
• Evaluating a company's operating performance using a balance sheet,
an income statement, and ratio analysis
Module 4: Identifying Issues and Conclusions
• Cash inflows and outflows and preparing a cash flow statement
• Internal control weaknesses and good internal control procedures
• Analyzing the operations of a company
• Using financial statements to make business decisions
Module 5: Considering Ambiguity and Assumptions
• Analyzing annual reports
• Formulating alternatives to resolve a given problem, and determine
how each alternative will affect a company's costs and break-even point
• Performing cost-volume-profit analysis
Module 6: Weighing the Evidence
• Identifying the budget schedules included in the master budget
• Formulating a plan to keep costs in line with a budget
• Recognizing the structure, reports, and analyses of a corporation,
and writing a business plan
Module 7: Weighing the Evidence
• Identifying the budget schedules included in the master budget
• Formulating a plan to keep costs in line with a budget
• Recognizing the structure, reports, and analyses of a corporation,
and writing a business plan
Module 8: Weighing the Evidence
• Identifying the budget schedules included in the master budget
• Formulating a plan to keep costs in line with a budget
• Recognizing the structure, reports, and analyses of a corporation,
and writing a business plan
Module 9: Weighing the Evidence
• Identifying the budget schedules included in the master budget
• Formulating a plan to keep costs in line with a budget
• Recognizing the structure, reports, and analyses of a corporation,
and writing a business plan
Module 10: Weighing the Evidence
• Identifying the budget schedules included in the master budget
• Formulating a plan to keep costs in line with a budget
• Recognizing the structure, reports, and analyses of a corporation,
and writing a business plan
Module 11: Weighing the Evidence
• Identifying the budget schedules included in the master budget
• Formulating a plan to keep costs in line with a budget
• Recognizing the structure, reports, and analyses of a corporation,
and writing a business plan
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