Calumet College of St.
Joseph
SYLLABUS FOR
ACCOUNTING FOR MANAGERS
Term: Fall, 2001-2002 (001) (Sep. 4 – Dec. 15)
Course Number: BUS 300X
Instructor: Mr. Kenneth A Taylor, CPA
Office Phone: (219) 473-4294
E-mail: kentcpa@surfnetinc.com
Home Phone: (219)865-1516 after 6pm
Instructor Background: Certified Public Accountant
licensed in Indiana and Illinois. Partner in public accounting firm. BS in
Accounting from Purdue University Calumet.
Office Hours: Tuesday 6:00pm-7:00pm and
10:00pm-10:30pm
Thursday 6:00pm-7:00pm and 10:00pm-10:30pm
Other hours by
appointment
Course Time: Tuesday, 7:00-10:00pm
This course is designed to
explain how accounting data can be interpreted and used by managers in making
decisions. This course may not be taken
by Accounting majors to meet major requirements.
Prerequisites: MTH 160 or MTH 103
Textbooks: Survey of Accounting, Carl Warren,
South-Western, 2001.
Since
your learning is my primary concern, it is imperative that anything preventing
you from learning be discussed. Please
feel free to make an appointment with me or call me so that I can help you keep
on track.
Statement of Plagiarism:
If
an instructor or other Calumet College of St. Joseph personnel find that a
student has plagiarized or been involved in another form of academic
dishonesty, the instructor or other personnel may elect to bring the matter up
for judicial review. The maximum penalty for any form of academic dishonesty is
dismissal from the College. The procedures for judicial review are listed under
the section of CCSJ handbook that addresses student grievances.
Calumet
College of St. Joseph adheres to citation guidelines as prescribed by the particular
discipline (i.e., MLA, APA, Chicago Manual of Style or Turabian.). All of these guidelines are available in the
Calumet College of St. Joseph library or bookstore. These texts outline how to cite references from a variety of
sources, including electronic media.
Withdrawal from Classes
Policy:
After
the last day for class changes has passed (see College calendar), students may
withdraw from a course in which they are registered with permission from the
faculty member conducting the course. A written request detailing the reason(s)
for the withdrawal must be filed with the Registrar. The Registrar must receive
written request for withdrawal by the last day of classes prior to the final
examination dates specified in the catalogue. Written requests may be mailed to
the Registrar or faxed to the College fax number 219-473-4259. Students are to
make note of the refund schedule when withdrawing from courses. The request is
forwarded to the faculty member, who makes the final determination to accept or
deny the request. If the request is honored, the student will receive
notification of official withdrawal; if denied, the notification will indicate
why the withdrawal is disallowed. Note: Degree Completion Division (DCD)
students should consult the DCD Student Handbook for information on DCD
withdrawals.
An
official withdrawal is recorded as a "W" grade on the student's
transcript. Dropping a
Course
without written permission automatically incurs an "F" grade for the
course (see
Refund
Schedule).
Class Policy on Attendance:
Attendance in class is an important priority. Accounting is a course that continues to build on the knowledge gained. It is not possible to understand and grasp the fundamentals being taught in later chapters unless the earlier chapters have been mastered. Missing classes will impede your progress.
Your
class participation grade will be affected by attendance. If you are not here, you are not
participating.
Class Policy For
Assignments:
Students are expected to have read the chapter prior to the lecture. Each chapter will be explained and discussed. Concepts will be illustrated by working selected demonstration problems in class. Selected problems will be assigned as homework.
Homework problems will be checked in class. I will check your papers for completion. Late homework will be assessed a 50% late penalty.
Student Responsibilities:
It
is expected that all students will be present on test days. If unavoidable circumstances prevent
attendance, the test can be made up at the instructor’s discretion. It is the student’s responsibility to
contact the instructor to make arrangements to make up the exam. Unexcused absences on test days will result
in a 10% penalty.
One
test retake is allowed during the semester (excluding the final exam). The retake option may be used to make up a
missed exam without penalty.
All students no matter what their educational background, life/work experiences, have something to offer that will enrich our class. As instructors, we not only encourage participation, but also rely on it. As students, you should demand it, not only of yourselves, but also of your classmates. Our class is only as good as we make it.
Classroom Behavior
The student is expected to treat the instructor and his/her fellow students with respect and courtesy at all times. This means giving full attention. No private conversations, no catching up on homework assignments, no naps. Such items can and will affect your participation grade.
Course Objectives:
Upon
completion of this course the student will be able to:
1.
Define
accounting, the history of accounting, and its importance to management.
2.
Understand
Financial Statements, their meaning and limitations.
3.
Interpret
Financial Statements by using ratio analysis.
4.
Understand
the bookkeeping process and transaction analysis.
5.
Be
able to perform cash analysis and bank reconciliation.
6.
Understand
the concept of current assets and inventory costing using LIFO, FIFO, and
average cost assumptions.
7.
Explain
the accounting for and presentation of Property, Plant, and Equipment, and
other non-current assets.
8.
Apply
depreciation methods to plant assets.
9.
Understand
the accounting for and presentation of Owner’s equity.
10.
Prepare
and income statement and the statement of cash flows.
11.
Understand
the major differences between financial and managerial accounting.
12.
Apply
cost-volume-profit analysis.
13.
Perform
budgeting and performance reporting.
14.
Understand
standard costs and variance analysis.
15.
Demonstrate
competency in accounting by completing a financial statement analysis.
Assessment:
Exams
(3 exams) 60% of grade
Class
participation/collaboration/attendance 10% of grade
Homework
problems 20% of grade
Project 10% of grade
100%
Grading Scale:
A:
92-100 A-: 90-91 B+: 88-89
B: 82-87 B-: 80-81
C+: 78-79
C:
72-77 C-: 70-71 D+:
68-69 D: 62-67 D-:
60-61 F: 59 & below
Class Date Topic-Assignment
September
4 Introduction
to Course
Chapter
1 Introduction to Business Accounting
Homework – Problems 1-1, 1-2, 1-4, 1-5
September
11 Chapter 2
Business Reporting Under Accrual Accounting
Homework
– Problems 2-1, 2-2, 2-6
September
18 Chapter 3
Accounting Systems for Merchandising Businesses
Homework
– Problems 3-1, 3-2, 3-3
September
25 Chapter 4
Accounting Systems, Internal Controls, and Cash
Homework
– Problems 4-1, 4-2, 4-4, 4-5
October
2 EXAMINATION 1 – Chapters 1 - 4
October
9 Chapter
5 Accounts Receivable and Inventories
Homework
– Problems 5-2, 5-4, 5-6
October
16 Chapter
6 Fixed Assets and Intangible Assets
Homework
– Problems 6-1, 6-2, 6-3, 6-4
October
23 Chapter
7 Liabilities and Stockholders’ Equity
Homework
– Problems 7-1, 7-2, 7-3, 7-4
October
30 Chapter
8 Financial Statement Analysis
Homework
– Project (TBA)
November
6 Chapter 9
Accounting Systems for Manufacturing Businesses
Homework
– Problems 9-1, 9-2, 9-5
November
13 EXAMINATION 2 – Chapters 5, 6, 7, 9
November
20 Chapter 10 –
Cost Behavior and Cost-Volume-Profit Analysis
Chapter
11 – Differential Analysis and Product Pricing
Homework
Ch 10 – Problems 10-1, 10-3, 10-5
Homework
Ch 11 – Problems 11-1, 11-2, 11-5
November
27 Chapter 12
Budgeting and Standard Cost Systems
Homework
– Problems 12-1, 12-3, 12-5
December 4 Chapter 14
Performance Evaluation for Decentralized Operations
Homework
– Problems 14-1, 14-2, 14-4, 14-6
December
14 FINAL EXAMINATION – Chapters 10, 11,
12, 14