TENTATIVE SYLLABUS
ACCOUNTING 325: INTERMED MANAG & TAX ACCT
Fall 2013: TTH 9:30 – 10:45 EBA 439; 11:00 – 12:15 EBA 439
Instructor
Office hours:
E-mail:
Jim Williamson
TTH 1:30-3:00pm
james.williamson@sdsu.edu
Office SS 2429
Phone: N/A
Fax: 594-3675
Instructor:
Office hours:
E-mail:
Nathan Oestreich
To be announced
drno@sdsu.edu
Office: SS 2413
Phone: 594-2478
REQUIRED TEXT: INDIVIDUAL TAXATION & COST ACCOUNTING FOR SDSU, Pratt, 2012-13
ed. EXTRA CREDIT TEXT: REENGINEERING THE CORPORATION, Hammer, et al.
COURSE OBJECTIVES AND STRUCTURE:
In this course we will examine the theories, practices, and concepts necessary to understand the
decision making requirements of internal users of accounting information. We will also explore the
tax considerations which affect managerial decision making. A NEW TOPIC is the formal inclusion of
ENVIRONMENTAL and SOCIAL costs in our analysis.
At the end of this course students should be able to:
1. Use the tax formula and the necessary components to calculate taxable income, and
ultimately the federal income tax, for individuals, corporations and estates and trusts.
Compare and contrast the different taxable entities.
2. Assess the effects of personal, investment, and business transactions individually and
collectively on the federal income tax, the gift and estate taxes, and other selected taxes.
Define and illustrate various cost terms and concepts and evaluate their relevancy for
different decision making purposes. Discuss the impact of technology on the
manufacturing environment and its implications for product costing and the development
of activity-based costing and management.
3. Explain the development and use of standard costs, prepare and interpret variance
analysis reports and relate them to responsibility accounting and control.
4. Explain the purposes of budgeting; prepare a master budget and its component schedules
and relate the budget to planning and control.
5. Explain why the formal inclusion of environmental and social costs in the decision
making process are necessary to be successful in the 21st Century.
Because this course is specifically directed toward students majoring in Finance, instead of
accounting, I quote from Warren Buffet:
You should have a knowledge of how business operates and the language of business (accounting),
some enthusiasm for the subject, and qualities of temperament which may be more important than IQ
points. These will enable you to think independently and to avoid various forms of mass hysteria that
infect the investments markets from time to time.
Understanding the fundamentals of accounting is a form of self-defense:
When managers want to get across the facts of the business to you, it can be done within the
rules of accounting. Unfortunately, when they want to play games, at least in some industries, it
can also be done within the rules of accounting. If you can’t recognize the differences, you
shouldn’t be in the equity-picking business.
(Janet Lowe, Warren Buffett Speaks: Wit and Wisdom from the World=s Greatest Investor. John
Wiley & Sons, Inc., New York, 1997.)
POLICY ON EXAMS AND OTHER GRADED ASSIGNMENTS
The relative weights of exams, quizzes and homework for purposes of determining grades will be:
Exam I - Williamson
To Be Announced - Oestreich
Exam II - Oestreich
Exam II – Oestreich
Total
100 points
100 points
100 points
100 points
400 points
You will need to bring a Number two pencil and a long scantron form, with 50 questions on each
side, with you when you take the examinations. You may need to bring a short scantron form with
15 questions on one side when taking quizes (NOTE: the long scantron form WILL NOT work for the
quizes because the scantron reader will not be able to process it).
EXTRA CREDIT. You may earn as many as fifteen extra credit points by reading the Hammer et al
book and writing a five page report on your observations after reading the book. This offer of extra
credit is good only for papers submitted on or before the September 27 deadline. Late papers
will not be read and will receive no points.
Your FINAL GRADE in the class will be determined by the total number of points that you earn
during the semester:
GRADE
A
B+
BC
F
POINTS
360-400
350-354
310-319
260-299
000-199
GRADE
AB
C+
D
POINTS
355-359
320-349
300-309
200-259
POLICY ON ACADEMIC HONESTY
The SDSU Standards for Student Conduct (http:www.sa.sdsu.edu/srr/conduct1.htm) states that unacceptable student
behavior includes “cheating, plagiarism, or other forms of academic dishonesty that are intended to gain unfair
academic advantage.” Unprofessional conduct adversely impacts your fellow students, the accounting faculty, the
Charles W. Lamden School of Accountancy, SDSU, and the accounting profession. The Charles W. Lamden School
of Accountancy takes academic honesty very seriously and vigorously enforces university policy related to any such
infractions. Any student suspected of academic dishonesty will be reported to the SDSU Center for Student Rights
and Responsibilities; if found responsible, the student will receive a failing grade on the assignment, etc.
CALENDAR AND CLASS ASSIGNMENTS
Date
Class Discussion &
Reading Assignments:
Text Chapter
All end of chapter questions
are relevant, also
do assigned problems
Instructor
W = Williamson
O = Oestreich
August 27
Chapter 1 – Cost Acctg.
Introduction to Cost Management
W
August 29
Chapter 1 – Taxation
An Overview of Federal Taxation
W
September 3
Chapter 1 – Taxation
Problems 17,18,19,20,23,26,28,31,32
W
September 5
Chapter 3 – Taxation
Taxable Entities, Tax Formula
W
September 10
Chapter 3 – Taxation
Problems 31,32,34,35,37,38,39,42,
45,46,47,48,49,50
W
September 12
Chapter 4 – Cost Acctg
Activity Based Costing-ABC
Exercises 1,4,6; Problem 14
W
September 17
Chapter 11 – Cost Acctg.
Strategic Cost Management
W
September 19
Chapter 11 – Cost Acctg.
Exercises 15,16,17
W
September 24
Chapter 14 – Cost Acctg.
Exercises 1,2,8,9,10,11
Quality and Environmental Costs
W
September 26
Chapter 20 – Cost Acctg.
Inventory Management: Economic
Order Quantity, JIT, & the Theory
of Constraints
October 1
Chapter 20 – Cost Acctg.
[Last day to turn in
Extra-Credit Paper]
Exercises 1,2,6,7,9,10,14; Prob. 24
October 3
Chapter 10 – Cost Acctg.
(IRS Section 482)
Decentralization, Responsibility
Accounting & Transfer Pricing
Exercises 1,9,12; Problem 21
October 8
EXAM I
W
(comprehensive from the beginning of the semester
October 10
Chapter 9 – Taxation Capital Recovery: Depreciation,
Amortization, and Depletion
October 15
Chapter 14 – Tax
October 17
October 22
W
O
Property Transactions; Basis Determination
and Recognition of Gain or Loss
Problems 10, 25, 27, 31, 34, 38
Jurisdictional Issues
Chapter 15 – Tax
[pp. 15-1 to 15-2
and 15-22 to 15-38]
W
O
Like-Kind Exchanges
Problems 19, 41, 42, 43,43,47
October 24-29 Chapter 16 – Tax
Property Transactions
October 31
November 5
Chapter 16 – Tax
Property Transactions: Capital Gains
O
and Losses
Problems 1, 2, 8, 9, 10, 12, 22, 23, 30
Module on Sales of Business Property (See Powerpoint Slides)
November 7
Exam II
(Materials since Exam I)
November 12 Chapter 18 – Tax
14
Employee Compensation and
Retirement Plans
No specific recommended problems
November 19 Chapter 19 – Tax
21
26
Taxation of Business Forms &
Their Owners
No specific recommended problems
O
O
November 28 THANKSGIVING RECESS
December 3
Exam III (Material since Exam II)
December 5
Chapter 10 – Cost
Decentralization, Responsibility (IRC § 482)
Accounting & Transfer Pricing
Exercises 1,9,12; Problem 21
O
December 10 TBA
February 28
Enrichment including sustainability
Chapter 9 – Taxation
Capital Recovery: Depreciation,
Amortization, and Depletion
March 5,
Jurisdictional Issues
March 7
Chapter 14 – Taxation
Property Transactions; Basis
Determination and Recognition
of Gain or Loss
Problems 10, 25, 27, 31, 34, 38
O
March 12
Chapter 15 – Taxation
[pp. 15-1 to 15-2 and
15-22 to 15-38]
Like-Kind Exchanges
Problems 19, 41, 42, 43,43,47
O
March 14, 19
Chapter 16 – Taxation
Property Transactions
March 21
Chapter 16 – Taxation
March 26
March 28
Exam II (Materials since Exam I)
Property Transactions: Capital Gains
and Losses
Problems 1, 2, 8, 9, 10, 12, 22, 23, 30
Module on Sales of Business Property (See Powerpoint Slides)
April 1 – 5
SPRING RECESS
April 9, 11
Chapter 18 – Taxation
April 16, 18,
23, 25
Chapter 19 – Taxation
Employee Compensation and
Retirement Plans
No specific recommended problems
April 30
Taxation of Business Forms &
Their Owners
No specific recommended problems
Exam III (Material since Exam II)
May 2, 7
TBA Enrichment including sustainability
O
O
O