Penn State Beaver

PENN STATE BEAVER ACCOUNTING 211 FINANCIAL AND MANAGERIAL ACCOUNTING (4 credits) FALL, 2008

Instructor: Karen C. Barr MBA Office: 206 RAB Office Hours: M, W: 12:00-1:00 pm, T: 11:00am-12:00 and F: 8:00 am - 9:00 am (by appt.) Contact Inf.: Office: (724) 773-3869 Home: (724) 457-3074 Cell: (412) 915-0887 E-mail: [email protected] Text: Warren and Reeve, Financial and Managerial Accounting (9th Edition) Thomson South-Western College Publishing

COURSE OBJECTIVE

This course is an introduction to financial and managerial accounting and its importance in the resource allocation process within our socio-economic system. The purpose of this class will be to gain an understanding of the financial and managerial accounting functions and determine how the information in accounting reports are used by the various capital market participants.

This introductory course is for students from a variety of backgrounds. It is not only for accounting or business majors. In many ways it is an “introduction to business” course that could help you decide on a major.

While the above purpose has been stated in relation to accounting subject matter, the course will be approached in such a way as to focus on the accomplishment of educational goals beyond mere knowledge acquisition. Our hope is to cover the material in such a way as to contribute to the development of higher- level cognitive skills such as comprehension, application, analysis, synthesis and evaluation.

ADDITIONAL COMMENTS

"The Pennsylvania State University is committed to providing access to a quality education for all students, including those with documented disabilities. If a student has a disability and wants to request an accommodation for a course, it is the responsibility of the student to first obtain a University accommodation letter confirming the disability and suggesting appropriate remedies. This letter can be obtained from the Penn State Office for Disability services or the campus Disability Contact Liaisons. The contact person at Penn State Beaver is Barb McDanels in the Administration Building. It is encouraged that students request their accommodation need early in the semester, and once identified, a reasonable accommodation will be implemented in a timely manner. Students may also access the web site for the Office of Disability Services at University Park: www.lions.psu.edu/ods/

Academic Integrity: All students are expected to act with civility, personal integrity; respect other students' dignity, rights and property; and help create and maintain an environment in which all can succeed through the fruits of their own efforts. An environment of academic integrity is requisite to respect for self and others and a civil community. Academic integrity includes a commitment to not engage in or tolerate acts of falsification, misrepresentation or deception. Such acts of dishonesty include cheating or copying, plagiarizing, submitting another persons' work as one's own, using Internet sources without citation, fabricating field data or citations, "ghosting" (taking or having another student take an exam), stealing examinations, tampering with the academic work of another student, facilitating other students' acts of academic dishonesty, etc. Students charged with a breach of academic integrity will receive due process and, if the charge is found valid, academic sanctions may range, depending on the severity of the offense, from F for the assignment to F for the course. The University's statement on academic integrity, from which the above statement is drawn, is available at http://www.psu.edu/dept/oue/aappm/G-9.html

1 GRADING

3 Exams 100 points (each) Final Exam 100 points Quiz/Assignments 100 points TOTAL 500 points

93%-100% A 77%-79.9% C+ 90%-92.9% A- 70%-76.9% C 87%-89.9% B+ 60%-69.9% D 83%-86.9% B < 60% F 80%-82.9% B-

GRADING POLICY

 There are no make-up exams unless there are extraordinary reasons and I am notified prior to the time of the exam.

 The three exams given during the semester and the final exam given during finals week will consist of multiple choice, true/false and problems. There is NO EXTRA CREDIT!

Attendance Policy: Daily Attendance will be taken. After 4 absences, one percentage point will be subtracted from your final total percentage for each additional absence. If it is necessary to miss a class it is your sole responsibility to contact another member of the class to determine what was missed.

I believe that being prepared for class is a key ingredient for successful completion of this course. Get in the habit of reading through the chapter and trying a few problems prior to the lecture. Participation in class will play an important part in your mastery of the material. You will be encouraged to ask and answer questions to the best of your ability.

COURSE OUTLINE AND PROBLEM ASSIGNMENT

CHAPTER TOPIC PROBLEMS WEEK

1 INTRO. TO ACCOUNTING EXERCISE: 4,5,6,7,8,9,10,13,14,15,16,17 1 PROBLEM: 1A, 2A

2 ANALYZING EXERCISE: 4,5,6,10,13,15,16,21 2 TRANSACTIONS PROBLEM: 2A, 3A, 1B

3 THE ADJUSTING EXERCISE: 1,3,6,8,10,13,18,19,25,26 3 PROCESS PROBLEM: 3A, 4A, 5B

4 COMPLETING THE EXERCISE: 3,6,8,10,12,14 3 ACCOUNTING CYCLE PROBLEM: 1A

2 EXAM 1 4

5 MERCHANDISING EXERCISE: 1,2,6,11,16,24 4 BUSINESSES CHAPTER TOPIC PROBLEMS WEEK

6 INVENTORIES EXERCISE: 3,4,5,6,7,8,13,19 5

7 INTERNAL CONTROLS & EXERCISE: 10,12,13,18,19,24 5 CASH PROBLEM: 4A, 3B

8 RECEIVABLES EXERCISE: 4,6,9,10,12,22,26 6 PROBLEM: 5A

9 FIXED ASSETS EXERCISE: 4,9,10,12,13,186,7,8,9,10,14,19 7 Pg. 394-409 PROBLEM: 2B

EXAM 2 8

11 CORPORATION: CAPITAL EXERCISE: 1,3,4,5,9,12,15,20 8 STOCK & DIVIDENDS PROBLEM: 3A

14 STATEMENT OF CASH EXERCISE: 1,2,3,19,20,22,23 9 PG. 610-614 FLOWS PG. 624-630

15 FINANCIAL STATEMENT EXERCISE: 2,5,7,17,22 10 ANALYSIS PROBLEM:1A, 4B In class 4A

16 MANAGERIAL EXERCISE 1,3,5,9,10 11 ACCOUNTING

19 COST BEHAVIOR & EXERCISE: 1,5,9,10,11,12,14,19 12 C-V-P- ANALYSIS

EXAM 3 12

21 BUDGETING EXERCISE: 1,2,8,17,18 13

22 PERFORMANCE EXERCISE: 1,4,6,7,8,9 14 EVALUATION

24 DIFFERENTIAL ANALYSIS EXERCISE: 1,2,6,8,9,10,13 15

25 CAPITAL INVESTMENT EXERCISE: 1,2,5,6,7,8,9,15 15 ANALYSIS

3 FINAL 16

* The instructor reserves the right to change and/or modify this syllabus at her discretion.