Financial Accounting (Accounting 1A)

Transcription

1 Financial Accounting (Accounting 1A) Saddleback College Economic & Workforce Development and Business Sciences Division Summer Semester 2017 June 19 th August 11 th SYLLABUS & INTRODUCTION Final Exam Date: August 11th from 9:00 to 12:15 Instructor: Stephen B. Wilson, MBA Term: Summer 2017 Ticket #: Time: 9:00 AM 12:15 PM Days: Monday/Wednesday/Friday Location: HS 207 Office Hours: By Appointment Phone: (949) (No Texts) Preferred Contact: Saddleback This syllabus is prepared and designed to be used as an introduction for the course. Your understanding of its contents is extremely important and therefore each student s responsibility. COURSE DESCRIPTION (4 UNITS) This course covers the study of accounting as an information system using the double-entry accounting method. The financial accounting cycle includes journalizing and posting, as well as the study of financial statements, merchandising operations, manual and electronic accounting systems, cash and short-term investments, receivables and notes, inventories, plant assets and depreciation, current liabilities, notes payable, payroll, financial statement disclosures, long-term liabilities, partnerships, corporations, stockholder s equity, earnings, dividends, and investments in stock. Page 1 of 15

2 TABLE OF CONTENTS Syllabus and Introduction... 1 Course Description... 1 Course Learning Objectives... 3 Student Learning Outcomes... 3 Required Text and Other Student Resources... 4 Access To CONNECT Plus McGraw-Hill s On-Line Content... 4 How to Create a Student Account... 4 CONNECT Plus Tips... 5 Access to On-Line Content... 5 McGraw-Hill Technical Support... 5 Course Policies and Procedures... 6 Computer Proficiency... 6 Electronic Devices... 6 Calculators and Textbook... 6 Classroom Etiquette... 6 Classroom Discussions for Course... 6 MySite and Blackboard... 6 Free Tutoring Labs... 6 Due Dates... 7 Withdrawals from Course... 7 Admissions & Records Office Required Information... 7 Ethical Responsibility... 7 Regular and Extra Credit Points... 8 Total Regular Points... 8 Extra Credit Points Learn Smart... 8 Extra Credit Eligibility... 8 Points Allocation and Grading... 8 Points Allocation and Grading Scale... 8 Assignments... 9 General... 9 Assignment Changes... 9 Chapters Covered... 9 Submission and Participation Requirements Homework Using CONNECT Exams Group Project Classroom Participation/Unannounced Assignments Study Groups Special Needs, Statement of Diversity and Syllabus Recap Special Needs, Statement of Diversity, and Use of Electronic Listening or Recording Devices Syllabus Recap Course Assignments by Due Dates Instructor Biography Page 2 of 15

3 COURSE LEARNING OBJECTIVES Students participating in this course will learn to: 1. Describe the basic financial accounting concepts and principles and the nature and purpose of Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Identify the ethical implications inherent in financial reporting and apply strategies for addressing them. 2. Describe and use accounting and business terms and apply transaction analysis, input transactions into the accounting system, process this input, and prepare and interpret the four basic financial statements. 3. Describe accounting systems and its users, purpose, journals, and ledgers, and apply transactions for service and merchandising enterprises. 4. Explain the content form and purpose of basic financial statements and how they satisfy the information needs of investors, creditors and other users. 5. Identify the acquisition, disposal, valuation (including time value of money), reporting, and other issues relating to Assets (Current, Capital, and non-current), Liabilities (Current, non-current, and contingencies), and Equity components (Stock, Retained Earnings, Dividends, Revenues, and Expenses). 6. Interpret company activity, profitability, liquidity, and solvency through selection and application of appropriate financial analysis tools (including ratio analysis). 7. Describe importance of internal controls and how they are used in business. 8. Explain the importance of operating, investing and financing activities reported in the Statement of Cash Flows. 9. Distinguish between cash basis and accrual basis accounting and their impact on the financial statements, including the revenue recognition and matching principles. 10. Explain the nature of current assets and related issues, including the measurement and reporting of cash and cash equivalents, receivables and bad debts, and inventory and cost of goods sold. STUDENT LEARNING OUTCOMES Students completing this course satisfactorily will be able to: 1. Prepare a set of basic financial statements. 2. Calculate and analyze common financial ratios and other numerical relationships that are produced during the accounting cycle. 3. Demonstrate proficiency in processing the accounting cycle for a business. 4. Demonstrate proficiency in communicating financial information in the subject area. 5. Present an oral presentation in the designated subject area. Lectures, demonstration problems, group discussions, and analysis of real world applications will also be integrated into the course. Students should be prepared to enter into class discussions by reading text assignments and related articles in periodicals. Presenting elementary financial accounting concepts from current literature is strongly encouraged. The instructor may supplement the text with articles from the professional literature and various periodicals as they become available. Page 3 of 15

4 REQUIRED TEXT AND OTHER STUDENT RESOURCES (Textbook Package, Connect homework access code, etc.) Text: Financial & Managerial Accounting Information for Decisions: Saddleback College and Irvine Valley College Custom Textbook Package. (The same text is used in Financial Accounting 1B.) ACCT 1A: Summer 2017 Financial Accounting (Wild 5 th Edition Package/Bundle): Bundle ISBN: Please note that a special reduced/low price has been negotiated with McGraw-Hill, the publisher, for Saddleback and Irvine Valley College students who purchase the custom Textbook Package. The package includes McGraw-Hill s loose-leaf textbook noted above, CONNECT codes, and everything else needed for this course. It has been specially bundled for you by McGraw-Hill, and it is only available through the Saddleback and Irvine Valley College bookstores or its website: 1&catalogId= If you purchase the text from any other source, you will be responsible for any resource that is in this bundle. For website access, open the class schedule at search for this class, and click on Book Info. The Textbook Package is required for the class; nothing else is acceptable. Earlier or previously purchased/used CONNECT access codes will not work. The textbook package must be brought to each class. Therefore, purchase only new materials. Please purchase these new textbook materials immediately if you do not already have the 5th Edition access code from another course! Access codes are good for 18 months. A free two-week trial is available for both CONNECT and the ebook, so there is no reason to delay starting your homework assignments. ACCESS TO CONNECT MCGRAW-HILL S ON-LINE CONTENT Homework and Learn Smart are administered through McGraw-Hill s CONNECT. Anything assigned through CONNECT MUST be submitted through CONNECT only and will not be accepted in any other form. Once you have purchased the Textbook Package, logon and follow the instructions at the link web address to register. Once registered, you will also have access for your complimentary e-book and other study and research aids. You must register for CONNECT as a student with the access code provided to you in the Textbook Package described above. You may access the CONNECT application through the URL: or through the Blackboard/External Links. How to Create a Student Account: 1. Click on the link provided above or provided in Blackboard for access to your specific class section. 2. If this is your first time using CONNECT, click on REGISTER NOW. Provide the information requested for Student Registration. Page 4 of 15

5 3. To register, provide your and password for CONNECT (see Step 2 if you are new). Enter the 20 digit code in the boxes on the Student Registration page, and click the Submit button. Note: Code is case sensitive; please enter the codes in upper case letters. If you need to purchase an access code, click on Buy Online. 4. If you are not sure if you are going to stay in the course or you do not want to start your registration period, you can click on Start Free Trial to get a two (2) week free trial of the class material. Use of your Registration Code starts your registration period of 18 months. 5. Therefore, if you have taken Financial Accounting 1A at Saddleback College or Irvine Valley College within the last year, you will not need to repurchase the text or Registration Codes. 6. Fill out the registration form that appears and click the OK button. 7. Click the YES button to confirm your account. Note: This account is unique to this class and you cannot use an account established for a different class that used CONNECT Plus. CONNECT Tips: 1. You can only do one thing at a time. You cannot view past results while you are in the process of taking an assignment. You cannot take two graded assignments at the same time. 2. Each assignment has several options to assist you succeed: a Link to ebook (book icon) provides you a direct link to the ebook version of our textbook. b Print (printer icon) allows you to print out the question. c Contact MH Publishing (link) you can send a question/comment to the publisher to report a question or problem with the question. d Check my work (link) provides you with a quick check of your answers in the question to tell you what is right and wrong. e View Hint #1 (link) watch a video of how to solve a similar problem to the one you are f working on. Use the Prev, Next, question pull down menu, Save & Exit and Submit Assignment buttons periodically to save and avoid timing out. If there is not activity within 60 minutes, CONNECT will automatically log you out of your session. 3. Click "Save & Exit" if you wish to work on your assignment at a later time without grading. Remember, you can only work on one open, un-graded assignment at one time. Do not press Submit unless all assignments for a chapter are completed. Once you press Submit, you will not be above to input any answers to the Chapter assignment. 4. Do not copy and paste, this might enter illegal characters in your homework and prevent you from getting a grade. 5. Technical support is provided via and the Contact Us form located under the Support section of the CONNECT entry screen. Access to On-Line Content: 1. All on-line content is located in CONNECT. 2. Click on the Library tab to access the textbook learning materials. 3. Click on the Reports tab to access your scores recorded in CONNECT. McGraw-Hill Technical Support: McGraw-Hill Faculty and Student Technical Support can be reached at or at If you have an issue regarding CONNECT, please contact McGraw-Hill Technical Support and not the instructor. If the issue cannot be immediately resolved, obtain a case number and request an confirmation, and after doing so, forward the instructor both the McGraw-Hill and the case number. Of course, there is no penalty associated with any technical issues that are beyond a student s control. Page 5 of 15

6 COURSE POLICIES AND PROCEDURES Computer Proficiency: Everyone should have the requisite computer skills to successfully complete this course. This includes, at a minimum, proficiency with Microsoft Office and access to the Internet. Blackboard will be used for communicating class points, announcements, and messages. Electronic Devices: Electronic devices such as cell phones, ipods, ipads, etc. during class or exams are not allowed. Laptop computers may be used during class but, only with instructor permission. Students may not record class lectures. Texting is not allowed during class! If you have an electronic device displayed during class without permission, you will be asked to leave the classroom with all your belongings, not allowed to return for the remainder of the class, and be marked absent for the entire class meeting. Calculators and Textbook: The use of any wireless device, such as a wireless calculator, during an exam is strictly prohibited as is the sharing of calculators. However, please plan on purchasing and bringing a simple calculator to every class meeting as calculators will be used extensively. Also, please bring your textbook to every class. Classroom Etiquette: Classes will begin promptly at 9:00 AM. As a courtesy to your classmates and the instructor, please be on time. Late arrivals can be very disruptive to everyone in the class. Strive to build good work habits now and treat your academic time as your job. Do not come and go during class. There will always be a break approximately halfway through the period. If you must leave early, please let the instructor know at the beginning of that class or by . Classroom Discussions: Please do not talk to others during the lecture. If you have a question, raise your hand. Everyone benefits from questions asked by other students. The instructor highly encourages interactive discussions during class, but they must be done in an orderly and non-disruptive manner which benefits everyone. Additionally, there will also be times during class when students will work in teams to solve accounting problems. for Course: Students must use their Saddleback address to send or receive mail for the class. When ing the instructor, include the words ACCT 1A M/W/F #12995 in the subject field in addition to the actual subject. MySite and Blackboard: Everyone is expected to understand and be proficient using MySite and Blackboard. Login/Username and password should be known prior to enrolling in this course. To access Blackboard, go online to and click on Login. Your username and password are the same as your . If you have technical problems, a link to the Blackboard Help Desk and a toll free number are listed to the right of the login. If you have additional questions or problems, go to for the Student Technical Support site. Free Tutoring Labs: Free tutoring for students is available through the Learning Resource Center. Additional details will be announced in class. Tutoring labs are available to assist you, but solutions to specific homework, test, or Page 6 of 15

7 other problems will not be provided. Lab dates and times will be provided during class and posted on Blackboard once established. Please use these resources if you feel you are having difficulty with a specific topic or subject matter. Due Dates: Due dates for assignments and exams contained in this syllabus are subject to change. If they do change, the revised schedule will be announced in class and posted on Blackboard. Withdrawals from Course: The instructor will not automatically drop you from the course during the semester term. If you feel you must drop, for whatever reason, please be sure to do it yourself. Please see the Saddleback College website at for important deadline dates and withdrawal information. Just for information, if a student fails to officially drop and does not complete the course, that student will receive an F on his/her transcript and permanent record. Admissions & Records Office Required Information: Every student must have his/her current name, phone number, and home address on file with the Admissions & Records Office. Ethical Responsibility: The field of accounting requires a high degree of ethical responsibility in order to instill a level of confidence in the quality of the information produced. An academic environment is not any different. Cheating of any kind, on any project or test will not be tolerated in this course. A student who is suspected of cheating will be subject to the appropriate procedures described in the Saddleback College Student Code of Conduct. Page 7 of 15

8 REGULAR AND EXTRA CREDIT POINTS Total Regular Points: Students grades will be determined based on the number of cumulative points scored on quizzes, exams, projects, CONNECT homework, and class participation. The total possible points, not including any extra credit points, will be weighted as follows: Exams (4 100 points each) Homework (CONNECT Plus) Group Project Participation (Classroom Participation & Unannounced Assignments) TOTAL 400 points 260 points 50 points 90 points 800 points Extra Credit Points Learn Smart : Learn Smart is an adaptive, personalized learning program comprised of modules that help students master core concepts. Learn Smart assignments are assigned at 4 points per chapter, so there are 52 extra credit points (13 chapters x 4 points each). Learn Smart assignments are located on the CONNECT website and take approximately 30 minutes to complete per chapter. No late Learn Smart assignments will be accepted. The instructor highly encourages using Learn Smart as total points, not percentages, determine the student s final letter grade. Consequently, Learn Smart extra credit points simply add to students total points and represent an opportunity for an additional 6.5% (52/800) in extra credit points! Extra Credit Eligibility: Students with five or more absences will not be eligible for extra credit points. There are no excused absences. Extra credit points will be deleted at the end of the semester for those students who have too many absences. Arriving late or leaving early equates to a ½ absence. Historically, there has been a direct correlation between attendance and the letter grades students receive in this course. Of course, signing a roll sheet for another student constitutes fraud, and this will result in a deduction of 100 points. Other than Learn Smart, there are no other opportunities for extra credit. POINTS ALLOCATION AND GRADING Point Allocation and Grading Scale: Grading is based on a traditional grading scale as follows: Grading is not done on the curve. Points % Letter Grade % 100% A % 89% B % 79% C % 69% D % 59% F Page 8 of 15

9 ASSIGNMENTS General: This course, Financial Accounting ACCT 1A, will cover chapters 1 through 13 included in the Textbook Package for the class. Required homework from these chapters that will be covered during the semester is outlined on page 14 of this syllabus Course Assignments by Due Date. Assignment Changes: At the instructor s discretion, changes may be made to any study lesson, homework assignment, exams, projects, and any other coursework as needed. The instructor reserves the right to change, modify, increase, or decrease assignments at any point in time during this course and for the remainder of the course. This includes adjusting the final grading scale and changing exam dates and times. Any such changes will be announced in class. Consequently, it is every student s responsibility to attend each class. A high degree of motivation, desire, time and hard work will be expected, and as would be expected, students success and grades are most likely reflected from this overall effort. Consequently, it is imperative that students spend a great deal of time outside of class mastering the material. Chapters Covered: The following chapters from the textbook will be covered during the semester term: Chapter 1: Introducing Accounting in Business An introduction to accounting and the importance of monetary and accounting information in business, commerce, and the financial system. Chapter 2: Analyzing and Recording Transactions Analyzing, interpreting, classifying, processing, and recording business transactions and events using double-entry accounting. Chapter 3: Adjusting Accounts and Preparing Financial Statements Adjusting the accounts, closing the accounts, and introducing the major financial statements. Chapter 4: Accounting for Merchandising Operations Purchases, sales, discounts, returns, freight charges, and completion of the accounting cycle. Chapter 5: Inventories and Cost of Sales Items in the inventory, various costing systems, inventory valuation, recording methods, and cost of goods sold. Chapter 6: Cash and Internal Controls Cash transactions, cash in cyberspace, control of cash, and electronic banking activity. Chapter 7: Accounts and Notes Receivable Recognition, recording, valuation, non-collection, bad debts, settlement, and disposal. Chapter 8: Long-Term Assets Other names for long-term assets: fixed assets, plant assets, non-current assets, intangible assets. Cost determination, recording acquisition, depreciation, depletion, amortization, and disposal. Chapter 9: Current Liabilities Definition, classification, determination, types, estimation, uncertainty, contingency, recognition, and recording. Page 9 of 15

10 Chapter 10: Long-Term Liabilities Bonds and notes. Pricing and valuation, issuance and sales, premiums and discounts, and repurchase/retirement. Chapter 11: Corporate Reporting and Analysis Organization and characteristics, stock issuance and sale, dividends and splits, repurchase and retirement. Chapter 12: Reporting Cash Flows Statement of Cash Flows. Introduction and fundamentals, operating activities, investing activities, financing activities, and non-cash activities. Chapter 13: Analysis of Financial Statements Describes the basics of financial statement analysis including comparative statements, horizontal analysis, and vertical analysis as well as ratio analysis for analyzing liquidity, solvency, profitability, and market prospects. Submission and Participation Requirements: Students who travel or are otherwise away from class at any point during the term are still responsible for carrying out and submitting homework assignments, completing exams, preparing presentations, and participating on projects by the scheduled completion time. There are no exceptions to this policy. Please do not hesitate to contact the instructor during the term with inquiries regarding subject matter, course content, lecture/discussion issues, or topic area questions/concerns in the class. Homework Using CONNECT: Exercises and Problems using CONNECT are listed in Course Assignments by Due Date on page 14 of this syllabus. Each assigned Exercise is worth 2 points and each assigned Problem is worth 5 points. Three attempts on specific exercises and problems, done before the due date, are provided before a particular exercise or problem is considered final. Consequently, it is to your advantage to use the Check My Work feature without point penalty. It you leave fields blank, Check My Work will not mark them incorrect in red, so pay attention to detail and complete the entire problem! The instructor s intention here is to provide every opportunity for students to understand the course content. It is essential that you save your homework as you go. It is not necessary to press the submit button since homework scores are automatically recorded on the due date. However, you may want to press the submit to confirm you have received full credit for the homework before proceeding. The various CONNECT homework questions are the same as the Exercises and Problems at the conclusion of each chapter in the textbook. After you complete the homework assignments using CONNECT, you have finished your homework requirement for the chapter. No homework extensions will be granted in this course unless specifically approved by the instructor in advance of the due date. Scores and points for all CONNECT questions are accrued within the CONNECT website. Therefore, students are responsible for knowing their own in-progress homework points during the semester term. The instructor highly recommends that you print out your homework from the CONNECT website. Additionally, be sure to take advantage of the Guided Examples feature that provides students with narrated, animated, and step-by-step walkthroughs of algorithmic versions of the assigned exercises. Page 10 of 15

11 Exams: All exams are taken in class and are proctored. Questions on all exams consist of answering multiple choice questions and true/false questions, solving short problems, and preparing financial statements. The exams will cover the material and work covered in class and the exercises and problems completed in CONNECT. Students are responsible for the content of all chapters and associated appendices. Students ability to understand and solve accounting/business related problems/transactions will largely determine success on the exams. To prevent identity fraud during exams, all students must be prepared to present a current government issued or Saddleback College / Irvine Valley College photo identification card to the instructor or exam proctor. The photo must bear a reasonable likeness to the student. No make-up exam will be accepted unless the instructor has been notified in advance of the exam date and approves a rescheduled make-up exam. Otherwise, no make-up exam will be permitted. For the Final Exam, there will be NO make-up or opportunity to take the exam at a date later than what is scheduled. The final exam will focus on the chapters following the previous chapters exam. There will be no traditional comprehensive final exam. There are four exams are worth 100 points each. Group Project: Students will form small groups that will prepare an oral presentation and written analysis and evaluation of a publicly traded corporation that is approved by the instructor. Unless specified otherwise, groups will consist of four members. This project will be assigned sometime after the halfway point in the term/semester. The oral presentation and paper will require Internet-based research. Grading on the group project will be comprised of an individual and group grade. The group grade portion earned will be based on the grade assigned to each student within the group. Students will receive project credit only if they participate with the others in their group. The project will be graded on clarity, effective communication, organization, and the group s cohesiveness. Each group will be required to speak and write a paper by accessing the Internet and completing research on the company the team selects. Each team s oral presentation and written paper will present, describe, and explain each of the following four topics as they pertain to the company s business operations and practices: 1. History and Background 2. Products and Services 3. Accounting Practices Used 4. Financial Summary: Ratio Analysis, Trend Analysis, Competitor Analysis, and Stock Purchase Recommendation Groups will submit one paper on the day of the presentation containing all four of the above topics. Page 11 of 15

12 Each member of the group is required to write and speak on one of the four topics above. Each member of the team is required to speak on his/her topic for three minutes and write a minimum of two pages and a maximum of four pages (double spaced, 12 point font) on his/her topic. Papers submitted should appear as though one individual wrote it using the same type style, font size, margins, etc. There should be no repetition of content. These are group projects, not individual projects pasted together. A cover page, table of contents, and a references page(s) are required. An APA template will be provided to provide formatting guidance during the semester term, and more detailed information and an evaluation rubric on the group projects will be provided in the future. Generally, the instructor prefers that students select their own four-member team. However, after the group project is assigned, and your group has made several attempts, without success, to contact other non-active group members, continue the project with the remaining active members. For example, if there are only three active members of the group remaining, the group is only responsible for three project topics. It is up to the remaining members to contact the instructor to determine which of these topics will be selected for presentation. If turnitin.com is operational, each group/team paper must be submitted turnitin.com in time for the paper to be submitted by 9:00 AM on Monday, August 7 th in addition to turning in a hard copy of the paper on the morning of the presentation. Additionally, an electronic version of the PowerPoint presentation and paper should also be submitted prior to the assignment due date. Plagiarized papers will receive a grade of zero (0) for the entire assignment along with papers not submitted to turnitin.com. Plagiarism is the presenting work copied from another source as your own. Plagiarism is defined as copying from a written source verbatim without putting the material in quotes and citing the course. In-text citations are clearly encouraged, but should not represent a large percentage of the paper. Consequently, only two citations are allowed per page. If there are any questions as to what constitutes plagiarism, please do not hesitate to ask the instructor. The Group Project is worth 50 points. Classroom Participation/Unannounced Assignments: Classroom discussion and questions are highly encouraged during this course. Of course, as a reminder, it is each student s responsibility to attend every class session, read every chapter, be aware of all material covered and subject matter covered, complete all required homework, take all scheduled exams, and participate in projects or other important coursework assigned. Participation is worth 90 points to encourage these efforts. Attending and actively engaging for each entire class period has 4 points per class assigned. Additionally, there will be three unannounced quizzes from time to time during the course with no other opportunity to make them up. To be eligible to receive the points, students must be present with their textbook and simple calculator. These unannounced quizzes are worth 7 to 8 points each instead of the usual 4 participation points. Study Groups: The instructor highly recommends that you form a study group. While there are no points specifically assigned to this activity, participation in a study group improves the learning process as well as provides an opportunity to review/analyze problems from different perspectives. In business, many decisions are Page 12 of 15

13 made after committees or teams analyze opportunities and recommend more than one solution. Each solution has its own merits and risks. Studying in a group brings similar discussions to the forefront based on the accounting concepts and problems to which students are exposed during this course. SPECIAL NEEDS, STATEMENT OF DIVERSITY, AND SYLLABUS RECAP Special Needs: Saddleback College is committed to providing appropriate and reasonable accommodations for all persons with disabilities. Accommodations are provided on an individualized, as-needed basis, determined through appropriate documentation of need. Please contact the Disabled Student Programs and Services (DSPS) office at (949) , Room SSC-113, to develop your Accommodations Plan if needed. Statement of Diversity: The entire class will benefit from the wealth of diversity brought by each individual, so students are asked to extend every courtesy and respect that they, in turn, would expect from the class. Saddleback College is committed to creating a positive, supportive environment that welcomes diversity of opinions and ideas from students. There will be no tolerance of harassment/discrimination based on race, sex, age, disability, color, creed, national origin, religion, sexual orientation, marital status, or public assistance status. Use of Electronic Listening or Recording Devices: Other than Disabled Students Programs and Services (DSPS) directed auxiliary aids and academic accommodations, the use of any electronic listening or recording device in any classroom is prohibited without the explicit prior consent of the instructor (CA Ed Code Sec ). It is in violation of South Orange County Community College District (SOCCCD) policies (BP 5401 & AR 5401) which address student conduct. It is also a crime to record any private communication, such as a classroom lecture, without the consent of all parties to the conversation (Cal. Penal Code 632). Violation of such rules may result in disciplinary action. Moreover, all instructor-prepared classroom materials are the intellectual property of the instructor even though he frequently will elect to share that material with students, for their individual use, in understanding the course content. Syllabus Recap: Please retain this printed syllabus, bookmark it as an on-line page under favorites, save it as a file, or if necessary, print a copy for your records. Remember, this document discloses and explains everything for which you are responsible in this course. The instructor reserves the right to change, modify, increase, or decrease assignments at any point in time during this course for the remainder of the course as well as adjust the final grading scale accordingly. Further, the instructor also reserves the right to increase a student s final grade, from that indicated by the total points earned, if he believes that the total points are not representative of the total learning that student has achieved during the course. Your instructor reserves the right to change exam dates and times. Any such changes will be announced in class usually with an accompanying announcement made through Blackboard. However, it should be stressed again that attendance is critical to doing well in the class, and students are responsible for all announcements made in class. Page 13 of 15

14 Cls. # Course Assignments by Due Date Date Day Chapter(s) Assignments * 1 June 19 M 2 June 21 W Chapter 1 Introduction & Chapter 1 Lecture. Read Syllabus. Exercises 2, 5, 8, 9, 11, 14, 15 & 16; Problems 1 & 8 ("A" Sets). 3 June 23 F Chapter 2 Lecture Chapter 1 and Chapter 2 Extra Credit LearnSmarts (L/S). 4 June 26 M Chapter 2 & Chapter 3 Lecture Exercises 4, 7, 8, 9, 13, & 20; Problems 1 & 4 ("A" Sets). 5 June 28 W Chapter 3 6 June 30 F Chapter 4 Lecture & Exam #1 Review 7 July 3 M Exam #1 (Chapters 1-3) 8 July 5 W Chapter 4 & Chapter 5 Lecture 9 July 7 F Chapter 5 & Chapter 6 Lecture 10 July 10 M Chapter 6 & Chapter 7 Lecture 11 July 12 W Exam #2 Review 12 July 14 F Exam #2 (Chapters 4-6) 13 July 17 M Chapter 7 & Chapter 8 Lecture 14 July 19 W Chapter 8 & Chapter 9 Lecture 15 July 21 F Chapter 9 & Chapter 10 Lecture 16 July 24 M Exam #3 Review 17 July 26 W Exam #3 (Chapters 7-9) 18 July 28 F Chapter 10 & Chapter 11 Lecture 19 July 31 M Chapter 11 & Chapter 12 Lecture August 2 August 4 August 7 August 9 August 11 W F M W Chapter 12 & Chapter 13 Lecture Chapter 13 & Project Presentations Project Presentations Final Exam Review F Final Exam (Chapters 10-13) Time 9:00 to 12:15 * Assignments are due before 9:00 on the date assigned. Exercises 2, 4, 5, 6, 11, & 12; Problems 3 & 7 ("A" Sets). Chapter 3 Extra Credit LearnSmart (L/S). Exercises 2, 3, 4, 5, 9, & 13; Problems 2 & 3 ("A" Sets). Chapter 4 Extra Credit LearnSmart (L/S). Exercises 2, 3, 4, 5, 12, & 17; Problems 1 & 5 ("A" Sets). Chapter 5 Extra Credit LearnSmart (L/S). Exercises 5, 6, 7, 9, 10, & 12; Problems 2 & 4 ("A" Sets). Chapter 6 Extra Credit LearnSmart (L/S). Exercises 4, 5, 6, 9, 10, & 13; Problems 2 & 4 ("A" Sets). Chapter 7 Extra Credit LearnSmart (L/S). Exercises 1, 2, 3, 5, 15, & 17; Problems 2 & 3 ("A" Sets). Chapter 8 Extra Credit LearnSmart (L/S). Exercises 2, 4, 7, 9, & 11; Problems 1 & 2 ("A" Sets). Chapter 9 Extra Credit LearnSmart (L/S). Exercises 1, 2, 4, 6, & 11; Problem 2 ("A" Sets). Chapter 10 Extra Credit LearnSmart (L/S). Exercises 3, 6, 7, 9, & 18; Problem 2 ("A" Sets). Chapter 11 Extra Credit LearnSmart (L/S). Exercises 3, 5, 6, 7, & 10; Problem 1 ("A" Sets). Chapter 12 Extra Credit LearnSmart (L/S). Exercises 1, 3, 4, 8, & 11; Problem 1 ("A" Sets). Chapter 13 Extra Credit LearnSmart (L/S). Page 14 of 15

15 INSTRUCTOR BIOGRAPHY The instructor holds Bachelor of Science degrees from the University of Southern California in both Marketing and Accounting. Additionally, he holds a Masters of Business Administration, with a Finance emphasis, also from the University of Southern California. For over 10 years, he held the position of Chief Financial Officer for a major international food manufacturer where he directed all aspects of Finance, Accounting, Human Resources, Treasury, Payroll, MIS and Legal. During that time, his staff ranged from 20 to 45 people, and he held the position of Secretary on the company s Board of Directors. During his career, he has been exposed to a variety of accounting and financial issues which include: cash management, capacity planning, capital budgeting, accounts payable, accounts receivable, payroll, financial analysis, lease/buy decisions, risk management, and strategic planning/budgeting. Among his accomplishments were providing the key financial information necessary for building a $1.2 billion all new automotive assembly plant in Normal, Illinois as a joint venture between Chrysler and Mitsubishi Motors Diamond-Star Motors. As part of Chrysler s Mergers and Acquisitions team, he played a key role in purchasing Electrospace Systems, Inc., a defense contractor, for $372 million. He evaluated, managed and developed new business programs including a $1.2 billion small corporate jet and a $5 billion DC-9 re-engining joint venture with Rolls-Royce, Airborne Express and Cammacorp. He personally interfaced with Les Aspin, the Chairman of the House Armed Services Committee, who later became the Secretary of Defense. He has also performed international financial projects in Mexico, the U.K., France and Japan, prepared numerous internal business publications, and has been published in the Transportation Journal and The Journal of Finance. He is a former U.S. naval officer, has been married for 38 years, lives in Irvine with his wife, and has two grown daughters. The last member of his household is a tri-color cocker spaniel named Millie. He enjoys flying, scuba diving, bicycling, hiking, football, golf, and music. The instructor is a very strong believer in having some fun while learning! Please do not hesitate to let him know if you have any questions or concerns. He is there to facilitate the learning experience as well as to help students succeed in learning the course material especially that course material that is relevant to the business world and students success in it! He is very much looking forward to meeting everyone and sharing the semester together. Page 15 of 15