Newly adopted policy on Prerequisites for Students without Undergraduate Training in Business:

IMPAC University regularly admits students to the MBA program that do not possess an undergraduate degree in business or coursework in areas critical to the higher level thinking required at the Master's level. In order to provide education at its highest standards, students without undergraduate or graduate coursework in Economics, Accounting, Mathematics, Technology and English will be required to take prerequisite non-credit courses. These courses will provide the students with the background necessary to be successful in the MBA program. Determination of need for prerequisites will be made based on student transcripts. Students must take the prerequisite courses in their first three quarters enrolled at IMPAC University. The course descriptions and learning objectives will be approved by the faculty committee.

Accounting: This course will examine financial accounting principles and their application to current business practices for single proprietorships. Major emphasis is placed on the accounting cycle, current assets and liabilities, merchandising and inventory, non-current assets and payroll.

Economics: This course presents an introduction to economic theory, accounting, analytical and policy aspects of the national income with emphasis on the theory of income determination; analysis of the money and banking system; survey of growth theory and policies. Additionally, this course acquaints the student with the structure and operation of the market system.  Students learn to apply an analytical approach to the study of how individuals, businesses and societies deal with the fundamental problem of scarce resources.

Mathematics: This course is intended to demonstrate the utility of mathematics with direct applications in a contemporary society. Areas of study include the mathematics of social choice, management science, and growth and symmetry.

Technology:  This course provides beginning level learning in the use of modern microcomputer applications used in the business world. The course is progressive through disk operating systems, word processing applications, electronic spreadsheets, database management systems and presentation software. In addition, students receive a basic foundation in business software applications.