TROY UNIVERSITY
MASTER SYLLABUS
SORRELL COLLEGE OF BUSINESS
ACT 3360
Entrepreneurial Accounting
Prerequisites
ACT 2292, MGT 4475
Description
An overview of accounting for small businesses. The course emphasizes business decision
making using accounting information, how that information is accumulated, and how small
business owners can most effectively ensure their reporting needs are met.
Purpose
To assist students in obtaining an understanding of how basic financial statements and reports are
used to assist managers/owners in analyzing and improving the economic performance of small
businesses and ventures.
Objectives
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Demonstrate how transactions effect enterprise financial statements and cash flows;
Prepare forecasts: revenues, expenditures, assets, and capital requirements; and
Understand how budgets are used in small businesses;
Prepare pro-forma financial statements;
Analyze sources and uses of funds;
Understand inventory analysis and control, including making order decisions and
holding-costs calculations;
Prepare accounting documentation or financial statements necessary to secure
financing;
Analyze the accounting implications of business organization (i.e., proprietorship,
partnership, S-Corporation, etc.);
Master Syllabi are developed by the senior faculty in each business discipline. This Master Syllabus must be used as the basis for developing the
instructor syllabus for this course, which must also comply with the content specifications outlined in the Troy University Faculty Handbook.
The objectives included on this Master Syllabus must be included among the objectives on the instructor’s syllabus, which may expand upon the
same as the instructor sees fit. The statement of purpose seeks to position the course properly within the curriculum and should be consulted by
faculty as a source of advisement guidance. Specific choice of text and other details are further subject to Program Coordinator guidance.
1 August 2005
Master Syllabus: ACT 3360
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2
Analyze the accounting implications of setting prices (i.e., cost components to
consider, overhead, etc.);
Define how internal controls can be implemented in small businesses;
Approved Texts
Wahlen, James M; Baginski, Stephen P.; and Bradshaw, Mark, Financial Reporting, Financial
Statement Analysis and Valuation- A Strategic Perspective. Cengage publishing company ISBN
9780324789416
Supplements
Entrepreneurial
Accounting
This book is about accounting and forecasting, information critical to determining the ultimate feasibility of a
venture. We will teach you how to forecast and prepare the financial data required for a business plan. We examine
a accounting and finance issues which are important to any entrepreneur. We do not assume that the reader has any
knowledge of accounting or finance. There are no theories in this book; no ivory tower thinking; no academic
musings. This is a hands-on, real world, grass roots, hard-nosed, description of how we have done it, how hundreds
of other successful entrepreneurs have done it, and how you, too, can do it. It doesn’t matter if your dream is a not
for profit organization, a new division of an established firm, a new product or service expansion for an existing
venture, a new small business, a dot.com, an expansion into international waters, a foray into web selling, or a new
governmental agency or operation. Whatever your idea, you must use independent data to prepare pro formas which
demonstrate its potential. We think that you will find the book readable, enjoyable, and practical. That is our
watchword. We all know entrepreneurs are dreamers, but they must dream dreams which are practical, and we will
show you how to refine your dream until it meets that test.
Troy University Faculty Handbook (2010): Section 3.9.2.8 [extract] — essential elements of the syllabus (somewhat modified for space):
1. Course title
2. Course number +
section
3. Term
4. Instructor
5. Prerequisites
6. Office hours
7. Class days, times
8. Classroom
location
9. Office location +
e-mail address
10. Office telephone
11. Course
description,
objectives
12. Text(s)
13. Other materials
14. Grading methods, 16. General supports
criterion weights,
(computer works,
make-up policy,
writing center)
mid-term grade
17. Daily assignments,
reports
holidays, add/drop
15. Procedure, course
& open dates, dead
requirements
day, final exam
18. ADA statement
19. Electronic device
statement
20. Additional
services,
statements
21. Absence policy
22. Incomplete-work
policy
23. Cheating policy
24. Specialization
requirements
(certification,
licensure, teacher
competencies)