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SYLLABUS FOR ACCOUNTING FOR MANAGERS
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Term: Fall, 2005
Course Number: BUS 300 (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, and is currently working on his doctorate in Finance from Walden University.
Mr. Franco has been an adjunct instructor at Calumet College of St. Joseph since 1990. He has great faith in his students and strives to provide them with 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. The 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 (3rd edition)
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) 50 % of grade
Class participation/collaboration/attendance/assignments 40 % of grade
Class presentation and assessment instruments 10 % of grade
Class Policy for Assignments: Students will typically be given 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 |
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A |
100-92 |
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A- |
91-90 |
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B+ |
89-88 |
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B |
87-82 |
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B- |
81-80 |
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C+ |
79-78 |
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C |
77-72 |
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C- |
71-70 |
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D+ |
69-68 |
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D |
67-62 |
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D- |
61-60 |
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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 absences and one with advance 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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August 30, 2006
September 6, 2006
September 13, 2006
September 20, 2006
September 27, 2006
October 4, 2006
October 11, 2006
October 18, 2006
October 25, 2006
November 1, 2006
November 8, 2006
November 15, 2006
November 22, 2006
November 29, 2006
December 6, 2006 |
Introduction to course
Chapter 1: The Role of Accounting in Business
Appendix A: Double-Entry Accounting Systems Chapter 2: Basic Accounting Concepts
Chapter 3: Accrual Accounting Concepts
Exam 1
Review Exam 1 Chapter 4: Accounting for Merchandising Businesses
Chapter 5: Sarbanes-Oxley, Internal Control and Cash Chapter 6: Receivables and Inventories
Chapter 7: Fixed Assets and Intangible Assets
Exam 2
Review Exam 2 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
Oral Reports Chapter 15: Capital Investment Analysis
Final Exam Term Paper / 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).