August 5, 2016
Myron Feinstein
Email: mefeinst@ncsu.edu
COURSE OVERVIEW
Prerequisites:
An engineering, technical or scientific undergraduate degree is required. Prior job experience is helpful but not required.
You will be provided access to Moodle and Collaborate; you will need a webcam/microphone.
Further details will be provided.
Course Objectives:
This course is designed to prepare students to move into managerial positions in an engineering or scientific work environment and to use managerial finance for planning, control and decision making.
Upon completion of this course students will be able to:
•
•
•
•
• prepare and analyze financial statements prepare budgets and analyze budget variances distinguish relevant and irrelevant costs to enable decisions such as make-or-buy determine Return on Investment and create and evaluate capital expenditure proposals improve their ability to gain approval for new programs and business opportunities
Course Details:
The class is the online section. New lessons follow the schedule of the on campus section -
Wednesday evenings of each week. In addition to viewing the videos recorded each Wednesday evening on campus, students will also need to complete required readings and online activities, as described on the course Moodle site. Students will work in teams to complete some assigned problems/projects and will be expected to schedule periodic virtual meetings online, in order to complete these tasks.
Format:
A course site is available at: https://moodle-courses1617.wolfware.ncsu.edu/course/view.php?id=964 . You must log in to the course site using your Unity ID and password, and from there you will access PowerPoint presentations, recorded weekly video lectures, links to required readings and course materials, and
Problem Forums. Students will cover the learning material independently according to the course schedule.
If you have not already done so, access your NC State University Unity computer account and be familiar with your login ID and Password. This information is available at: https://beyond-help.ncsu.edu/wordpress/unity-id-password/ .
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August 5, 2016
Through the use of the Collaborate Web conferencing application, student groups can meet virtually to discuss assigned team problems/projects. Collaborate supports VoIP real-time voice communication and supports the exchange of data and multimedia content in addition to offering a means of application and file sharing. Detailed instructions regarding hardware requirements and optimizing your computer to function with Collaborate are available on the Blackboard Collaborate website.
Instructor Office Hours:
I, or a class Teaching Assistant, may schedule Skype (free computer-to-computer conferencing at www.skype.com
) or Collaborate sessions for virtual problem solving sessions or online office hours. However I encourage you to e-mail me at any time with your questions or concerns. You can usually expect me to respond to an e-mail within 24 hours. I will let you know if I will be out of touch for more than a day or two.
Textbook:
You will want to have the required course text available by the second week of class. It is available from the NC State Bookstore or can be ordered from almost any other bookstore including on-line bookstores (amazon.com). An e-textbook is also available.
The textbook is:
Managerial Accounting for Managers, 4th Edition
Eric Noreen, Peter C. Brewer, Ray H Garrison, McGraw-Hill Education
ISBN 978-1-259-57854-0
Course Communications:
Besides recorded videos, the online communication components of the course include e-mail,
Moodle forums, and Skype or the Collaborate conferencing application.
Please remember that online forums are public - that is, they can be accessed by anyone in the course. In these public spaces, follow the normal courtesies of public communications. Any private communications between individuals should be completed using email or telephone.
Instructor’s Preferred mode of Communication:
The best way to reach me is via e-mail (mefeinst@ncsu.edu). Be sure to put EGR 505-601 in the subject heading so that I will know that the message is about our course section. I will attempt to respond to all e-mail within 24 hours. On weekends I do not normally check my NCSU e-mail.
If I receive numerous e-mails from students addressing the same concern(s), then a global e-mail will be sent to all course participants. If you would like to have a telephone conversation with me, please e-mail first to set up a convenient time for us to chat.
COURSE REQUIREMENTS AND EXPECTATIONS
Class Schedule and Required Readings:
Recorded video lectures will be available for viewing immediately after our Wednesday evening on campus class. They are accessed by clicking on the Moodle “Content Folder” by date. See the
Course Schedule and Readings List at the end of this syllabus. Dates and readings are subject to change; advance notice will be given of any changes in assigned readings.
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August 5, 2016
Your success in the class depends on a mix of learning from others and developing ideas and concepts of your own. The course requires learning from assigned readings, videos and group work. Students should always complete reading assignments (available on the course website) before viewing the recorded video, otherwise the video will be very difficult to follow. When teams are assigned group work such as problems or projects, the teams will meet at a day and time agreed to by the team. Skype and Collaborate can be used for team meetings. Google Apps is also available for student collaboration.
GRADING and EVALUATION
Student Conduct:
Each assignment/exam must be completed without the assistance of any other person, unless assigned as group work. All students are expected to practice academic integrity throughout the course. Any evidence of academic dishonesty (cheating, plagiarism, etc.) will be pursued diligently.
Review the NCSU Code of Student Conduct and adhere to the code at all times.
Incomplete and Late Assignments:
It is the students’ responsibility to meet all deadlines in the class unless they have a university recognized excuse (religious holiday, death in family, medically excused absence due to illness, inclement weather). Assignments/exams are due by 11:00 p.m. on the posted due date. Please note that stated times are for U.S.A. Eastern Time zone, and if you are traveling you may need to account for time differences.
Students should be familiar with the university attendance regulation , which covers excused and unexcused absences and scheduling makeup work. In case of business travel, students should work with the instructor well in advance to agree how assignment or exam deadlines can be met; emergencies will be handled on a case by case basis.
Instructions for Submitting Assignments:
Student assignments/exams will be submitted in our Moodle course site drop boxes. Please scan and save your problem set solutions and course examinations as .pdf files and follow this naming convention: EGR 505-601 Student Name(s) - Assignment Due Date.pdf.
Grading:
Examinations*
Problem sets
750 possible points
250 possible points
1000 total possible points
*All four exams are “open book”. You do not need a proctor for this course .
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August 5, 2016
Scale for Final Course Grades:
A+ = 980-1000
A = 920-979
A- = 900-919
B+ = 880-899
B = 820-879
B- = 800-819
C+ = 780-799
C = 720-779
C- = 700-719
D+ = 680-699
D = 620-679
D- = 600-619
The +/- grading is the University’s official grading scale and will be used in this class.
POLICIES
Academic Integrity:
The NCSU Code of Student Conduct covers all work done in this course. Any suspected violations will be promptly reported. Academic dishonesty will result in an automatic failing grade for the course.
Course Evaluations:
A formal evaluation is conducted by the University toward the end of the semester and the goal is to achieve 100% class participation in this survey. Online class evaluations will be available for students to complete during the last two weeks of class. Students will receive an email message directing them to a website where they can login using their Unity ID and complete evaluations. All evaluations are confidential; instructors will never know how any one student responded to any question, and students will never know the ratings for any particular instructor.
Information about Class Eval: https://oirp.ncsu.edu/surveys/classeval/for-students/how-classeval-works
Student help desk: classeval@ncsu.edu
Unity ID/Password and Email Account:
If you have not done so, access your NC State University Unity computer account and be familiar with your login ID and Password. Information is available at: https://beyond-help.ncsu.edu/wordpress/unity-id-password/ . Your Unity ID and Password are required to access lecture videos and for many other online functions.
NC State has transitioned all student email accounts to Google mail. Students should log into http://gmail.ncsu.edu
and follow directions there. Please be aware that ALL e-mail correspondence from the university and/or Engineering Online regarding your classes, program information, eBILLs, etc. will be sent to your NCSU e-mail account. However, if you already have an established e-mail account, there is currently an option to have mail from your university e-mail account forwarded into a personal account. Follow instructions within Gmail to establish a forwarding address – https://oit.ncsu.edu/myit/email-calendaring/email-forwarding/ . It is essential for you to be sure you are receiving all messages sent to your ncsu.edu account.
Students with Disabilities:
Reasonable accommodations will be made for students with verifiable disabilities. In order to take advantage of available accommodations, students must register with Disability Services for
Students, 1900 Health Center, Box 7509, NCSU; 919-515-7653.
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August 5, 2016 http://dso.dasa.ncsu.edu/accommodations
Copyrighted Materials:
This course web site contains copyrighted materials and was developed for instructional purposes to be used by graduate students in EGR 505-601. Students currently registered in this course are permitted to print or make copies of parts of this site for their own personal use in conjunction with completing the course. Text, audio files, images or design of this web site may not otherwise be distributed or modified in any manner without the prior written permission of the instructor.
This site may also contain material by various authors that is covered under additional copyright protection. In all cases this material will be clearly cited and may not be further disseminated without the express and written permission of the legal copyright holder. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials.
TECHNICAL INFORMATION
Required Hardware and Software:
This course has been designed with minimal hardware and software requirements. With respect to your home computer system, it should meet or (preferably) exceed the minimum recommendations made by NCSU Computing Services.
There are several team activities that will require students to use web conferencing tools such as
Blackboard Collaborate or Skype. A microphone/headset (as opposed to built-in computer speakers) produce best results for audio, while built-in laptop cameras will typically be satisfactory for video.
Certain assignments may require students to submit scanned versions of solutions to financial problems. Students should have access to a scanner so they can submit a digital version of those solutions.
If you are interested in purchasing a copy of Microsoft Word or the complete Microsoft Office for home use, you can usually obtain an educationally-priced version from NCSU Bookstore
Educational Software
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9
10
MODULE
1
2
3
4
5
6
7
8
August 5, 2016
EGR 505 COURSE SCHEDULE AND READINGS LIST
MODULE
11
DATE
Wednesday
Aug 17
24
31
Sept 7
Sept 8
14
21
28
Oct 5
Oct 6
Oct 12
19
DATE
26
TOPIC
Course
Overview
The Financial
Statements
Transaction
Analysis
Accrual
Accounting
Statement of
Cash Flow
Working
Capital
READING
Chapter 1 - The Financial
Statements (Financial
Accounting, Harrison,
Horngren, Thomas)
Chapter 2 - Transaction
Analysis (Financial
Accounting, Harrison,
Horngren, Thomas)
Chapter 3 - Accrual
Accounting and Income
(Financial Accounting,
Harrison, Horngren, Thomas)
Intro. to Financial Statement
Analysis, pp. 35-41
(Corporate Finance, 2nd
Ed., Berk)
Common size financial statements pp. 777 - 780
(Financial Accounting,
Harrison, Horngren)
PROBLEM SET
Problem set for Module 1:
Financial Statements
Problem set for Module 2:
Transaction Analysis
Problem set for Module 3:
Accrual Accounting
Problem set for Module 4:
Statement of Cash Flow,
Working Capital and Financial
Ratios
LIFO vs. FIFO
Financial Ratios
ABC
Exam 1
Managerial
Accounting: An
Overview
Managerial
Accounting and
Cost Concepts
Cost - Volume -
Profit
Relationships
Variable
Costing and
Segment
Reporting - A
Tool for
Management
Exam 2
Time Value of
Money
Differential
Analysis: The
Key to Decision
Making
TOPIC
Capital Budgeting
Decisions
Working Capital
Management
Sarbanes-Oxley (.pdf)
Modules 1-4
Textbook : Chapter 1
(Managerial Accounting for
Managers 4 th Ed., Noreen,
Brewer and Garrison)
Textbook : Chapter 2
(Managerial Accounting for
Managers 4 th Ed., Noreen,
Brewer and Garrison)
Textbook : Chapter 3
Textbook : Chapter 5
Modules 5-8
Textbook : Appendix A (of
Chapter 8)
Textbook : Chapter 7
READING
Textbook : Chapter 8
Working Capital Management pp. 848-868 (Corporate
Finance, 2/E, Berk , DeMarzo)
LIFO vs. FIFO
Due September 13
Problem set for Module 6:
Managerial Accounting and
Cost Concepts
Problem set for Module 7: Cost
- Volume - Profit Relationships
Problem set for Module 8:
Variable Costing and Segment
Reporting
Due October 11
Problem set for Module 9: TMV
Problem set for Module 10:
Differential Analysis
PROBLEM SET
Problem set for Module 11:
Capital Budgeting Decisions;
Working Capital Management
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August 5, 2016
12
13
14
THANKSGIVING
BREAK
15
Final Exam
October 27
Nov 2
9
16
23-25
30
Dec 2
Exam 3
Master
Budgeting
Flexible
Budgets and
Performance
Analysis
Standard Costs and Variances
Give Thanks.
Stay safe!
Performance
Measurement in
Decentralized
Organizations
Modules 9-11
Textbook : Chapter 9
Textbook : Chapter 10
Textbook : Chapter 11
Textbook : Chapter 12
Making an
Effective
Business Case
Final Exam will cover
Modules 12-15
Due November 1
Problem set for Module 12:
Master Budgeting
Problem set for Module 13:
Flexible Budgets and
Performance Analysis
Problem set for Module 14:
Standard Costs and Variances
Problem set for Module 15:
Performance Measurement in
Decentralized Organizations
Exam due December 11 th
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