SPRING CLASSES
BUS201A: Financial Accounting
BUS201B: Managerial Accounting
Distance Learning Education
WELCOME LETTER
SYLLABUS
Adding
this class: It is highly
suggested that if you intend to take one of these classes that you register
immediately. The online classes usually fill up within days and have a
limited number of spaces for students. Also, if you register and then are
unable to take the class, please drop immediately as a courtesy to those trying
to register for a class.
BIG CHANGE STARTING THIS SPRING: There will be two face to face meetings:
ORIENTATION:
We have a mandatory Orientation meeting before starting each of these classes (see schedule below). If you are out of the area, on vacation or have to work that day, you MUST notify me in advance to be excused. Unless you are excused, I may not be able to save your space. As there usually are students waiting to get a spot in the class, if you do not attend, your space may be given to a warm body rather than a cold name on the roster. No Exceptions!
FINAL:
Beginning this Spring, the college will be hosting a testing center. You must come to campus and present a photo ID. Please check your schedule for the correct date. The testing center will only be available on a Saturday, 9am - 3pm. We have (2) computer rooms reserved (#3412 & #3413). THERE IS NO OTHER WAY TO TAKE YOUR FINAL. If you miss the date, there is nothing that I can do. Please make your arrangements now.
UPCOMING ORIENTATION
MEETINGS:
BUS201A: Tuesday, January 19, 2010; Class #30633; 1-2:30pm; Room 3412
Class
#30634; 2:30-4pm; Room 3412
BUS201B: Monday, March 22, 2010; Class #30642 & #30643; 1:30-3pm; Room 4114
Textbooks:
BUS201B: MANAGERIAL ACCOUNTING: Weygandt, Kimmel, Kieso; 4th Edition; Wiley Publishers, New York (ISBN: 970 0470 117262
(These textbooks are also free online with the purchase of the Registration Code and can be printed)
NOTE:
To begin your registration, you must
first register with the college. Then go to the WileyPlus site below. There you will find the student section
(LH side). You will need a registration
code. This comes with some of the new
books or you may purchase it at this site.
There is a $75 charge (subject to change) for the Registration Code but this includes
your free online textbook which can be printed if you desire.
Once you have your registration code and have registered using the
'unique' URL listed below, then you may
log on. Once registered, you will only
have to log on with your email address and your password. Once on our site, click on ‘Beverly Larson’,
then your class #.
Our Exam & Homework (and
the textbook) Web Site:
www.wileyplus.com
To begin, use the
following ‘unique’ URL for your class:
Class Section (BUS201A) URL (First 9-weeks) http://edugen.wiley.com/edugen/class/cls138039/
Class Section (BUS201B) URL (Second 9-weeks) http://edugen.wiley.com/edugen/class/cls138041/
Our Discussion Board, Syllabus, Calendar and Announcement Web Site: http://blackboard.cuesta.edu
(Discussion Board posts get 1 point per chapter extra credit)
NOTE: Now you need to register with Blackboard (formally WebCT). Go to the Blackboard site above. You will see 'Log-in'.
User Name: 'first name/underscore/last name' (lower case) ie, beverly_larson
Password: 'STUDENT' (all caps) You may change this later
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WARNING: You may work
on your homework all week long but the final homework is due by 11pm on
Fridays. I have set the program to
‘Unlimited Attempts’ so you will not be rushed.
You may also print off your homework and work on it off site, then enter your
work at a later time.
Full points are still given. However, any late homework will
still be accepted but only with 50% credit.
WARNING:
You may only enter your individual exams ONCE ONLY. Once you are in the exam
area, DO NOT LEAVE. Once you leave, the program times out and assumes that you are
done, then it will grade your work and lock it. You can not enter again nor
can I over-ride the program. If your computer is down, have a backup
plan. ALSO: It is not wise to wait until a couple of hours before
the deadline to begin your week's work.
ALL ASSIGNMENTS ARE DUE BY 11pm ON FRIDAY'S. Check Calendar dates for assignments. Remember, we are completing (2) chapters per week.
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BUS201A:
COURSE DESCRIPTION: Financial Accounting
COURSE OBJECTIVE: Upon completion of this
class, students should be able to:
Explain and apply the components of the conceptual framework for financial accounting and reporting, including the qualitative characteristics of accounting information, the assumptions underlying accounting, the basic principles of financial accounting and the constraints and limitations on accounting information.
Define and use accounting and business terminology.
Explain what an accounting system is and how it is designed to satisfy the needs of specific businesses. Summarize the purpose of a journal and a ledger.
Apply transaction analysis, input transactions into the accounting system, process this input and prepare and interpret the four basic financial statements.
Distinguish between cash basis and accrual basis accounting and their impact on the financial statements, including the matching principle.
identify and illustrate how the principles of internal controls are used to manage and control the firm's resources and minimize risk.
Explain the content, form and purpose of the basic financial statements (including footnotes) and the annual report, and how they satisfy the information needs of investors, creditors and other users.
Explain the nature of current asset issues including measuring and reporting receivables and bad debts, measuring and reporting inventory and cost of goods sold.
Explain the valuation and reporting of current liabilities, estimated liabilities and other contingencies.
Identify and illustrate issues relating to long-term asset acquisition, use, depreciation and disposal.
Distinguish between capital and revenue expenditures.
Identify and illustrate issues relating to long-term liabilities including valuation of debt, issuance and retirement.
Identify and illustrate issues relating to stockholders equity including issuance, repurchase of capital stock and dividends.
Explain the importance of operating, investing and financing activities reported in the Statement of Cash flows when evaluating solvency and liquidity of the firm.
Interpret company activity, profitability and liquidity through selection and application of appropriate financial analysis tools.
Identify the ethical implication inherent in financial reporting and be able to apply strategies for addressing the.
BUS201B:
COURSE DESCRIPTION: Managerial Accounting
COURSE OBJECTIVE: Upon completion of this class, students should be able to:
Identify and illustrate the primary activities and informational needs of managers and explain the role of the managerial accountant as a member of the management team; compare and contrast financial and Managerial Accounting.
Define and illustrate various cost terms and concepts and evaluate their relevancy for different decision-making purposes.
Distinguish between product and period costs; prepare and evaluate a Schedule of Costs of Goods Manufactured, Schedule of Cost of Goods sold, and the Income Statement.
Prepare traditional and contribution-margin income statements; define related terms; explain cost-volume-profit analysis; degree of operating leverage and safety margin and employ each a an analytical tool.
Describe the traditional types of product costing systems (including job-order and process), illustrate the flow of costs in each and prepare related accounting records and reports.
Discuss the impact of technology on the manufacturing environment and its implications for product costs and the development of activity-based costing and management; prepare activity-based cost reports.
Explain the purpose of budgeting; prepare a master budget and its component schedules and relate the budget to planning and control.
Explain the development and use of standard costs, prepare and interpret variance analysis reports and relate them to responsibility accounting and control.
Explain the nature of and need for segment reporting and relationship with cost, revenue, profit and investment centers; prepare and analyze related segment reports.
Compare and contrast absorption costing and variable costing, prepare income statement using both methods, and reconcile the resulting net incomes.
Define relevant costs and benefits, opportunity costs, and unit costs; prepare analyses of special decisions - accept or reject a special order; outsource a product or service; or drop a service or product; and sell or process further a product.
Explain the nature of capital expenditure decisions and apply and evaluate various methods used in making these decisions.
GRADING: Course
grades are determined by the student's achieved points based upon the following
weighting for assignments and exams. Grades are assigned using
percentages of 90,
80, 70, etc. No plus or minus grades as assigned.
BUS201A: METHODS OF
EVALUATION: Points: Percentages:
13 Homeworks @ 20 points
each 260
39%
13Quizzes @ 20 points each 260
39%
Comprehensive Problem 50 7%
Final 100 15%
630
Points 100%
BUS201B: METHODS OF
EVALUATION: Points: Percentages:
14 Homeworks @ 20 points
each 280
42%
14 Quizzes @ 20 points each 280 42%
Final 100 16%
660
Points 100%
How much work is it going to be? Most students are very surprised at the amount
of work and effort involved as you are teaching yourselves with little
interaction. You need to be self-motivated and disciplined with good time
management skills. On the other side of the coin, you can work and test
at your convenience even is its
Administrative:
Each student is required to follow all school guidelines and comply with all
school and class deadlines including personal responsibility for adding and/or
dropping this class. Each student is responsible for obtaining updates or
changes to the syllabus and/or assignments, if any. Watch for emails and
bulletins pertaining to these.
Academic Honesty: Students are responsible for being aware of
and complying with
Special Accommodations: Students with a documented disability that
requires special accommodations, please see your instructor during the first
week of class for a confidential discussion regarding possible arrangements.
Feel
Free to email me at blarson@cuesta.edu.
I will try to respond within 24-hours (weekends optional). If I’m home,
I’ll be online periodically, if not, then it’s Monday before I return emails.
When
emailing me, TYPE YOUR “NAME and CLASS #” IN THE SUBJECT LINE. I get a ton of emails and I don’t want to
miss your’s. We may have miles
between us but remember, I’m only an email away.
The
online learning environment is a wonderful experience for students as well as
your instructor. I look forward to meeting you all online! For more
information, visit my Web Page at: http://academic.cuesta.edu/blarson
Good
Luck, Beverly Larson J