INTRODUCTION TO MANAGERIAL ACCOUNTING
Fall 2000
NOTE: UNDER CONSTRUCTION
Instructor: Dr. Myung H. Yoon
Office: CLS 0-024B
Office Hours: MW 2:00 - 5:00 p.m. or by appointment
Phone Number: (773) 794-2551
E-mail: M-Yoon@neiu.edu
Class Hours: Section 31 (5:40 - 6:55 p.m. MW in CLS-3105)
EDUCATIONAL MATERIALS:
A. Libby, Libby and Short, Financial Accounting, 2nd Ed., Irwin/McGraw-Hill, 1997.
B. Libby, Libby and Short, Study Guide, McGraw-Hill, 1997. (Highly recommended)
C. Handouts provided by the instructor
COURSE OBJECTIVE:
Accounting is more than the language of business; it is an amazing window through which to view the economic events that make business the fascinating enterprise that it is. Students today need more expertise in using financial accounting information, not simply more training in preparing financial statements. Students need to think and analyze critically, not just memorize!!!
This course is designed to provide the student with:
1. An understanding of the role of accounting in business organizations and the economy.
2. An understanding of the role of accounting records and types of accounts, entries and worksheet.
3. An understanding of the accounting concepts and principles.
4. An understanding of the basic financial statements and their relevance and how they are prepared.
5. An understanding of the systems of internal control.
6. An understanding of the impact of accounting policy choice on business decisions.
7. An understanding of ethical issues in the accounting profession.
8. International aspects of certain accounting issues.
* Students are highly encouraged to subscribe to The Wall Street Journal, Business Week, Forbes,
and/or other business periodicals.
ETHICAL ISSUES/GLOBAL BUSINESS ENVIRONMENT:
Ethical issues and approaches to solving ethical dilemmas, especially in the current global business environment of firms, will be discussed throughout the term.
Issues relating to a global, international business environment in which
many firms now increasingly operate will be discussed, with specific reference
to the expanding role of accounting information to support managerial decision
making in such firms.
EXAMS/GRADING:
Exams will be composed of multiple choices, true/false, problems and essay questions. All examinations must be taken at the scheduled times. There will be no make-up exams unless the instructor is informed before the exam with adequate reason.
The common department assessment test ("comprehensive" multiple choice
questions) will be given as a part of the final exam. Detailed information
will be given later in the course.
Two Midterm Exams 200 333 - 370 = A
Final Exam 100 296 - 332 = B
Cases 20 259 - 295 = C
Quizzes/Homework 50 222 - 258 = D
Total 370 Below 222 = F
ACADEMIC MISCONDUCT:
Cheating on any examination or quiz, or an academic misconduct of any
kind will result in a course grade of "F", and may lead to further university
sanctions such as expulsion.
QUIZZES:
Quizzes will be given in any class session. There will be no
make-up quizzes.
ATTENDANCE:
Excessive absences will affect your final grade. Regular class attendance
and participation are strongly encouraged.
HOMEWORK/CASES:
Homework problems are assigned to assist students in learning and understanding the material. Selected homework problems will be collected. Homework done neatly and correctly naturally receive full credit. Homework done incorrectly may also receive full credit, provided that students demonstrate "honest effort".
Case assignments will be given to students with appropriate instructions. Some cases will be assigned as group projects, and also some cases may require students to use Spreadsheet software programs to analyze problems. The computer printout showing solutions of these problems should be handed in.
Penalty will be applied for late turn-ins.
ORAL AND WRITTEN COMMUNICATION:
Students are expected to improve their oral and written communication, analytical, interpersonal, conflict resolution, and value-based judgement skills with specific reference to the determination and use of managerial accounting information to support relevant decisions.
Each student tem will be expected to present orally at least one case
analysis or project to the whole class. Each team member will be expected
to address some issues, or provide an answer to at least one problem or
question, that arises from the case analysis and project.
PREREQUISITE:
Students in this course are required to have completed MATH 111 (Business
Calculus I) with a "C" or better. Grades of "I", "D" or "F" in prerequisite
courses do not fulfill the course requirements. A student may not re-enroll
in a course for which an "I" grade has not been changed to a letter grade
or to a permanent "I". Any student registered in this course who has
not met these course requirements is directed to drop this course and contact
the Program Advisors in CLS 0-006 for further advice and counseling. Students
who do not meet the course prerequisites and who do not drop of their own
volition in the first week of class will be administratively withdrawn
later in the semester.
GRADE OF REGISTERED/NEVER WITHDRAW (R):
The "R" grade will not be assigned. Any student who does not
complete the appropriate withdrawal procedures prior to the last withdrawal
date will be assigned a grade of "F".
GRADE OF INCOMPLETE (I):
The "I" grade will be assigned only in cases of documented medical incapacitation
or other unavoidable circumstances which are reported to the instructor
before the final examination.
IMPORTANT DATES:
Jan. 11-14 & 19-20: Change of registration by TTRS
Jan. 17: Martin Luther King's Birthday Holiday
Feb. 11: Lincoln's Birthday Holiday
Mar. 17: Last day to drop a course or completely withdraw via TTRS
Mar. 20-25: Spring Recess
COLLEGE LISTSERV:
You are required to join Mercatus, the College of Business and Management's
listserv and to check your e-mail on a regular basis. To join Mercatus
from any email provider, including NEIU, AOL, MSN, etc., you must open
your email package to send (compose) a message.
- Address the message to: listproc@neiu.edu
- Leave the subject line blank.
- In the body of the message (where you write your text/letters) type:
subscribe Mercatus YOUR NAME
(Please don't be dense and put "YOUR NAME," use your own name.)
- Send this message and you will be subscribed automatically.
* You will receive extra 5 bonus points for using
e-mails and subscribing Mercatus.
* Also, you can earn more extra points by doing current literature survey.
CLASS SCHEDULE:
Date CH Topic Homework Problems
Jan 10 Introduction/ Application for E-mail and Mercatus
12 1 Financial Statements and Business Decisions Q.1,2,4,5; E.2,3,4,5,6,8
17 Martin Luther King's Birthday Holiday P.2,3; C.1,2
19
24 2 Investing/Financing Decisions and Balance Sheet Q.2,11; E.1,3,5,6,9,10,16,18
26 P.1,2,3,4; C.1,4
31 3 Operating Decisions and Income Statement Q.6,9; E.1-7,10,12,26
Feb 2 P.1,3,4,5
7 4 Adjustment Process and Financial Statements Q.3,11; E.1-7,9-11,13,17-19
9 P.1,4,10,12; C.2,3,6
14 Review
16 EXAM I (Chapters 1-4)
21 Study Day
23 Exam Review/Ch.5
28 5 Communication of Accounting Information E.4-8,11,15,18-21; P.1,7,8
Mar 1 6 Reporting Sales Revenue, Receivables, and Cash Q.3,4; E.1,4,5,6,14,15,21
6 P.2,4
8 7 Reporting Cost of Goods Sold and Inventory Q.1,7; E.1-3,5,6,8,11,14,20
13 P.3,13
15 8 Reporting and Interpreting Property, Plant, and Q.15,16; E.1-5,8,12,15,18,19
Equipment; Natural Resources; and Intangibles P.1,2,3
20 Spring Recess
22 Spring Recess
27
29 EXAM II (Chapters 5 - 8)
Apr 3 Exam Review/Ch.9
5 9 Reporting and Interpreting Liabilities Q.8,12; E.1-3,5,8
10 P.1,2,3
12 10 Reporting and Interpreting Bonds Q.1,14; E.2,4,6,12
17 P.1,4,8,11
19 11 Reporting and Interpreting Owners' Equity Q.3,12; E.1-3,5,6,8,10
24 P.1,5,7; C.1
26 13 Statement of Cash Flow/ Final Review Q.4,11; E.3,6; P.3
May 1 FINAL EXAM (Comprehensive)
6:00 - 7:50 p.m. (for 5:40 - 6:55 p.m. class)
NOTE: This syllabus is subject to change as deemed necessary
by the instructor.