Penn Foster Principles of Finance class

[billchrz]

Apparently not (which doesn't make sense to me)...Here is my correspondence with TESC about Financial Management.



Would Penn Foster College's Financial Management course (ACE Transcript ICS-0152) be an acceptable substitute for the TESC Business Finance requirement? If not, which active Penn Foster class would fill the requirement?


Hi William, thanks for your email.

I reviewed that ACE-evaluated Penn Foster course that you submitted. It does not meet the 'Finance' requirement of the BSBA degree. You may view the ACE recommnendations for Penn foster courses at ACE | Home. We will be happy to respond to your question about a specific course should you have questions.

Best regards,

Nia I. Abuwi
Academic Advising

[bricabrac]

Apparently not (which doesn't make sense to me)...Here is my correspondence with TESC about Financial Management.



Would Penn Foster College's Financial Management course (ACE Transcript ICS-0152) be an acceptable substitute for the TESC Business Finance requirement? If not, which active Penn Foster class would fill the requirement?


Hi William, thanks for your email.

I reviewed that ACE-evaluated Penn Foster course that you submitted. It does not meet the 'Finance' requirement of the BSBA degree. You may view the ACE recommnendations for Penn foster courses at ACE | Home. We will be happy to respond to your question about a specific course should you have questions.

Best regards,

Nia I. Abuwi
Academic Advising

Caution!! :reddevil:

I would get someone on the phone. I just read over the ACE description and the online syllabus objectives and they do match. Also a precedent has already been set for acceptance of this course. This is one of the things that pisses me off with TESC. They need to learn how to standardize alternate courses. (Not sure if you remember the issue with ALEKS MAT-102. Some students told it was remedial and did not count and it was actually approved for GenEd. Also ALEKS third stats course…some received credit and others did not.) Given this is supposed to be their specialty; they need to formulate a plan so that these courses are entered into the computer as soon as it is added to a students evaluation. Simply so that those who come after do not have to deal with this!

[skyfall123]

There are certain "advisers" at TESC that are (insert comment) I'm sorry that you ran into one of them. To be honest I bypass them completely whenever possible.

Below is the book that is used in the Penn Foster course....my what a coincidence it's the EXACT SAME book that is used in the TESC course.

Basic Finance: An Introduction to Financial Institutions, Investments, and Management, 9th ed., by Herbert B. Mayo (Mason, Ohio: Thomson South-Western, 2007; ISBN-10: 0-324-32229-1).

To repeat my son took that exact course from PF (you got the number right) 2 months back and has already received his TESC graduation confirmation (after auditing all of his requirements).

I will quit before I say something really mean about advising. Fortunately the grades that come in to TESC from other schools are not transcripted by the "advising" department..... if you catch my drift. PM me if you need my sons info for backup.

[bricabrac]

There are certain "advisers" at TESC that are (insert comment) I'm sorry that you ran into one of them. To be honest I bypass them completely whenever possible.

Below is the book that is used in the Penn Foster course....my what a coincidence it's the EXACT SAME book that is used in the TESC course.

Basic Finance: An Introduction to Financial Institutions, Investments, and Management, 9th ed., by Herbert B. Mayo (Mason, Ohio: Thomson South-Western, 2007; ISBN-10: 0-324-32229-1).

To repeat my son took that exact course from PF (you got the number right) 2 months back and already received his graduation confirmation.

I will quit before I say something really mean about advising. Fortunately the grades that come in to TESC from other schools are not transcripted by the "advising" department..... if you catch my drift. PM me if you need my sons info for backup.

God Bless You Geezer! I don't know what we would do without you! I am so darn mad I did not see the text book was the same. And yes I have noticed advising and the registrars office are not cut from the same cloth. Thank the good Lord we don't use real names on this forum or our files would probably be buried out back. I'm logging back in to cancel the ticket.:leaving:

Again thank you for your tireless support!!

[bricabrac]

Well I thought I would follow up with a positive update.

TESC has officially jumped the hurdle in processing PF courses. When you call advising to have one of these courses approved they now ask for the ACE ICS number so be ready to provide it. Presto the course is approved and added to your evaluation. It makes life so much easier when the advisors have access to the information.

Mgrl/Bus Communs
Bus & Tech Writing ENG121 \ ICS-0197 \ TESC ENG-216

Business Finance
Financial Management FIN101 \ ICS-0152 \ TESC FIN-301

To anyone interested in a good marketing course to fill the Management reqs Consumer Behavior is an awesome choice.

Consumer Behavior MKT320 \ ICS-0150 \ TESC MAR-351
Text: Consumer Behavior, 10th ed., by Roger D. Blackwell, James F. Engel, Paul W. Miniard (Mason, Ohio: Thomson South-Western, 2006, ISBN-10: 0324271972)


I wanted to give my heartfelt Thank You to those who struggled to make it happen!!!cheersmate

[ryoder]

Sorry for digging up an old thread but I need finance and biz comm also.

How do these classes work? Is it at your own pace? Is it all tests online or a single test at a proctor site?

[bricabrac]

Sorry for digging up an old thread but I need finance and biz comm also.

How do these classes work? Is it at your own pace? Is it all tests online or a single test at a proctor site?

Yes they are at your own pace. I think you have 12-15 weeks to complete but it seems most finish in 3-7 days. For the proctored courses once your last quiz has been completed they will send out your packet to your proctor. I called just to speed up the process a bit. :-)

Business & Tech Writing - 5 written assignments and an unproctored final all submitted as word docs online.

Financial Management - 5 multiple choice assignments submitted online and a proctored final. Final is mailed to the proctor of your choice (anyone with a degree AA or above that does not live in your home or share your last name). You have 2 hours to complete the final and three weeks from date on the mailer to return.

here is the proctor form:
http://www.workforcedevelopment.com/forms/Proctor_Acceptance_Form.pdf

BTW, if you should need UL accounting credit, Intermediate Accounting 1 ACC201\ ICS-0109 \ TESC ACC-201 is also completed online and has 4 multiple choice assignments followed by an unproctored final that is submitted as word doc online.

[ryoder]

Thanks for some great information. I have decided to take biz comm on straighterline but I might do the finance through kenn foster instead of rest and that upper level accounting class sounds good.

[bricabrac]

Good for you. I completed financial mgmt M/C quizzes in 3 days. Overall course completed in about 25 days. The time was in getting the final, compiling the answers, writing them out on the enclosed paper, both parties signing off and returning. It was graded within a week of mailing. Also penn foster courses include the textbooks. The finance book shipped with a very nice Sharp EL-738C calculator. Intermediate accounting I finished in 5 days.

Correction on business communications it was actually two multiple choice exams, three written assignments 2-3pgs ea (incl internal memo, email, letter, outline, bar chart on a page) and the final assignment proposal which was 4pgs (the other assignments were prep for the proposal). This course could be completed over a weekend but I waited to get each assignment graded before submitting the next so it took 7 days total.

Would you give a review on the SL communications course when you are done? I'm interested to know if its as labor intensive as it seems from the syllabus or could also be completed quickly. I would like to be able to refer it to others if its not too much work simply because its cheaper.

I took acctg and economics courses through SL because it was graded credit transcribed through FHSU. Otherwise I would have saved time and effort by either testing out or using penn foster. The acctg courses have since lightened up although I still dont understand the new managerial accounting course since accounting II (ACC 102) is transcribed as managerial accounting but whatever works for SL.

[ryoder]

I am a little nervous about taking the finance dsst due to all the formulas and my ability to forget formulas in a test situation so I am considering doing the PF class.
How do the online quizzes add up to your final grade?
If they are a good portion then I could kick but on the quizzes and if I score low on the exam due to forgetting formulas I might still pass.
Also, how hard is the final exam? Is it 50% problems with difficult formulas?
I don't consider EPS to be a difficult formula but some of the IRR where there is a discount rate and uneven cash flows sometimes stump me for a while.