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SYLLABUS FOR ACCOUNTING
FOR MANAGERS
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Term: Fall, 2003 (031)
September 2 – December 12
Course Number: ACC18300x
Instructor: Tony Franco
E-mail: ccsjtf@yahoo.com
Home
Phone: (219) 718-1948
Office Hours: By
Appointment Only
Instructor Background: Tony Franco holds Masters degrees in the fields of Psychology and
Management, earned from Valparaiso and Purdue Universities respectively. He has over 13 years experience in the
mental health field, with three of those years serving in an executive
managerial capacity. In addition, Tony
has also held other executive and mid-managerial positions in the sales and
services industries.
Mr. Franco has been an adjunct instructor at Calumet College of St.
Joseph since 1990, in addition to teaching at two other Chicagoland
colleges. He has great faith in his
students and strives to provide them quality educational services. With firm beliefs in personal strengths held
by all, Mr. Franco actively seeks to aid students develop a sense of
empowerment related to their educational and career pursuits. In short, his stance in the educational
process can be summarized best by the following quotation, “ Faith in the
learner leads some teachers to find strength, where others see only weakness
and failure.” – author unknown.
Course
Time: This course is scheduled to meet on Wednesday evenings from 7:00 pm to
10:00 pm.
Course
Description: 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
Learning
Outcomes/ Competencies:
Students in
this course will:
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 an
income statement and the statement of cash flows.
11. Understand
the major differences between financial and managerial accounting.
12. Demonstrate
competency in accounting by completing a financial statement analysis.
Textbooks: Survey of Accounting, By: Carl S. Warren
Learning
Strategies:
Active participation in class exercises and discussions will be the
primary modality of learning. However,
the student may also expect a variety of additional modalities of information
sharing including: general lecturing, use of audio and visual recordings, examples
of select financial reports and statements, oral reports, etc.
Assessment:
Exams (Midterm,
Final, Quizzes) 45 % of grade
Class
participation/collaboration/attendance/assignments 35 % of grade
Class
presentation and assessment instruments 20 % of grade
Class Policy
for Assignments:
Students will be given no less than one class notice for assignments
due. Any assignment turned in later than the due date will only be accepted as
such with the instructor’s permission, and may be subject to a reduced maximum
grade (score).
Grading Scale:
|
Grade |
Points |
|
A |
100-92 |
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A- |
91-90 |
|
B+ |
89-88 |
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B |
87-82 |
|
B- |
81-80 |
|
C+ |
79-78 |
|
C |
77-72 |
|
C- |
71-70 |
|
D+ |
69-68 |
|
D |
67-62 |
|
D- |
61-60 |
|
F |
59 and below |
Class Policy on
Attendance:
Class attendance is very important.
Lectures and discussions will include material not covered in the
text. Further, there will be ongoing
class exercises, whose material and outcomes may be presented in exam
format. Attendance for scheduled exams
is mandatory, and any ‘makeups’ will be considered only in cases of extreme personal
hardship. Students will be allowed two
unexcused abscences and one with advanced permission of the instructor. Beyond this total, a reduction in points
will be assessed.
Class Policy on
Electronic Devices: In recognition of Calumet College of St. Joseph being a
‘non-traditional’ provider of education, it is understood that many students
may have outside obligations requiring the use of pagers and cell phones. If such devices are required by the student during
classes held, it is expected they by turned to a ‘silent’ or ‘vibrating’
position or to the ‘off’ position, if possible. Any calls received or made are to be made outside of and away
from the classroom.
Course Outline:
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Class Dates: |
Topics/Assignments: |
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September 3, 2003 September 10, 2003 September 17, 2003 September 24, 2003 October 1, 2003 October 8, 2003 October 15, 2003 October 22, 2003 October 29, 2003 November 5, 2003 November 12, 2003 November 19, 2003 November 26, 2003 December 3, 2003 December 10, 2003 |
Introduction to course Chapter 1: The Role of Accounting in Business Chapter 2: The Cash Basis of
Accounting Chapter 3: The Accrual Basis of
Accounting Appendix A: Double-Entry Accounting Systems Exam I Review Exam I Chapter 4: Accounting for
Merchandise Operations Chapter 5: Internal Control and
Cash Chapter 6: Receivables and
Inventories Chapter 7: Fixed Assets and
Intangible Assets Exam II Review Exam II Chapter 8: Liabilities and
Stockholders’ Equity Chapter 9: Financial Statement
Analysis Chapter 10: Accounting Systems for Manufacturing Business Chapter 12: Differential Analysis and Product Pricing Chapter 15: Capital Investment Analysis Final Exam Papers / Reports / Extra Credit Due |
Class
Participation:
Class participation is extremely important and will account for 10% of
the student’s grade.
Center for
Academic Excellence:
Tutoring
assistance is free to all students of Calumet College of St. Joseph. Call the
Center for Academic Excellence (CAE), to make an appointment at 473-4287. The
Center has experienced and well-trained tutors in most subject areas to help
students who are struggling in a course or who are doing well and would like to
do better. Regular weekly tutoring sessions are likely to improve your grade.
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.
Please note:
Calumet College of St. Joseph subscribes to Turnitin.com and all papers can and
may be submitted for checks on plagiarism from the Internet/Electronic
sources/Databases.
Citation
Guidelines:
Calumet College
of St. Joseph adheres to citation guidelines as prescribed by the particular
discipline (i.e., MLA, APA, and 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.
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).