Emporia State University
School of Business
Course Syllabus – Spring 2023
MISSION STATEMENT: Our School improves lives by providing:
• valuable, accessible education opportunities,
• high-impact learning experiences,
• a student focused learning environment,
• applied scholarship,
• service to the public,
thus preparing those from Kansas, the mid-western region and beyond for professional
careers and contributing to the economic well-being of the region.
Course Number: AC 773OA
Course Title: Foundations of Accounting and Finance
Semester: Spring II, 2023
Office: Cremer Hall 502
Instructor: Lei Wen, Ph.D.
Phone (O): 620-341-5044
E-mail: lwen@emporia.edu
Textbook
Foundations of Accounting and Finance, ISBN: 9781307800883
Students can locate and purchase the book online by following two simple steps:
1. Go to https://create.mheducation.com/shop/
2. Search for and select book by Title, ISBN, Author, or State/School.
ISBN: 9781307800883
Title: Foundations of Accounting and Finance
Here is a direct link for e-book bundle (including 180 days access to McGraw-Hill Connect).
https://www.mheducation.com/highered/custom/product/9781307800883.html
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We use some selected chapters from the following two textbooks. I asked the publisher to have
a customer-build e-book bundle, including 180 days access to McGraw-Hill Connect, a digital
learning environment.
You don’t need to buy Wild book and Ross book. You only need to buy this bundle.
The e-book bundle is a combination of some selected chapters from Wild Book and Ross book.
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Financial and Managerial Accounting, 9th Edition, by John J Wild, Ken W. Shaw, Barbara
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Chiappetta, Publisher: McGraw-Hill Higher Education, ©2021
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Essentials of Corporate Finance, 11th Edition, by Stephen Ross and Randolph Westerfield and
Bradford Jordan, Publisher: McGraw-Hill Higher Education, ©2022
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Each student is required to have a financial calculator or financial calculator app for the
course.
Resource List
Prerequisites: Working knowledge of basic accounting and finance.
Office Hours
(A virtual office hour via Zoom)
Monday, Wednesday, Friday
2:00 PM---3:00 PM
Tuesday, Thursday
2:30 PM---3:30 PM
Disclaimer
This syllabus provides you with information specific to this course, and it also provides information
about important university policies. This document should be viewed as a course overview; it is
not a contract and is subject to change as the semester evolves. This syllabus is subject to change
in part at the discretion of the instructor in accordance with the policies and guidelines set by ESU.
The instructor reserves the right to make changes in the syllabus to ensure a positive educational
experience.
Course Description
An introductory study of the accounting and finance function of business firms from a manager’s
point of view. Emphasis is placed on the basic understanding of financial statements, accounting
cycle, financial accounting vs managerial accounting, time value of money, and cash flows
analysis.
Course Objectives
1. Gaining a basic understanding of cost accounting (e.g., factual knowledge, methods,
principles, generalizations, theories). (IDEA Course Learning Objective #1)
2. Learning to apply cost accounting material (to improve thinking, problem solving, and
decisions). (IDEA Course Learning Objective #3)
3. Developing specific cost accounting skills, competencies, and points of view needed by
professionals in the field most closely related to this course. (IDEA Course Learning Objective
#4)
4. Learning appropriate cost accounting methods for collecting, analyzing, and interpreting
numerical information. (IDEA Course Learning Objective #13)
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Program Learning Outcomes
Learning Goal 1: Graduates demonstrate comprehension proficiencies in both knowledge of
theory and the practical application of the core business disciplines (accounting, economics,
finance, information systems, management, marketing, quantitative analysis, and strategy).
Learning Goal 2: Graduates demonstrate application of critical thinking skills to solve business
problems.
Learning Goal 3: Graduates demonstrate application of ethical knowledge in the context of
formulating, implementing, and evaluating business decisions.
Learning Goal 4: Graduates demonstrate competent skills application in analyzing, evaluating,
and strategizing business operations in the context of a global environment.
Student Learning Outcomes
Upon successful completion of this course, students will be able to:
1. Classify accounting information for business decision.
2. Apply accounting and finance principles or theories to solve business problems.
3. Apply analytical abilities and critical thinking skills applicable to business decisions and
solutions.
Other Readings/Materials
• The course provides lecture notes, PowerPoints slides, and handouts. Each student is
responsible for reading the assigned materials and working assigned problems and exercises.
•
E-mail is the most important communication method in this class. Students must check your
ESU e-mail every day for updates.
•
We will use the Canvas course management system. The URL is https://canvas.emporia.edu/
Please use your ESU username and password to sign in.
•
Several lecture videos are posted on Canvas for every module. Students are expected to watch
these video as a vital part of their learning process.
Contact Policy
Since this is an online class, e-mail is the most important communication method. Students must
check your ESU e-mail every day for updates. E-mail is the best way to communicate with
instructor in this online class. It is expected that all students’ e-mails will be replied within
48 hours.
Email is always preferred. Feel free to contact me with any questions or concerns following these
guidelines:
● Always use the course name in the subject line.
● Always use your ESU Email address. Email sent from personal Email accounts tend to
end up in my spam folder and I might miss them. You may also message me through
Canvas via the Inbox.
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● You should contact the Help Desk for any technical problems involving your computer,
Canvas access, Email, and all thing technology related at ESU Technical Support website.
You can contact them toll free at 877-341-5555 or email: helpdesk@emporia.edu.
● However, if you have a problem with access or uploading assignments, you should let me
know before your assignment is due. You will also have to accompany this notification
with the file in question, so I can verify that it is completed by the due date/time.
Grading Scale
Evaluation will be made upon the total possible points in the course by using the
following scale:
90 - 100% = A
60 - 69%
= D
80 - 89% = B
Below 60% = F
70 - 79% = C
The point distribution is the following:
Exam 1
Exam 2
Exam 3
Discussion -- Introduce Yourself
80
80
120
10
Quizzes
Homework
210 (7 Quizzes)
-- 30 points each
210 (7 Homework) -- 30 points each
Total
710
A. Quiz
Online 30-point quizzes on Canvas will be given for each module.
Ten multiple-choice calculation problems are in each quiz.
B. Exam
All assigned material is fair game for the exams, regardless of whether we covered it in class.
Each student is expected to take each examination per scheduled. If a student expects to miss a
scheduled examination, the student must, in advance, inform the instructor that the examination
will be missed for “good cause.” “Good cause” includes official ESU activities, illness, etc. As
NO make-up examination will be offered, the missed examination’s grade will be decided caseby-case.
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If a student fails to inform the instructor in advance of an anticipated examination absence, the
student will be awarded 0% or zero points for each missed examination.
C. Homework
Homework will be assigned for each module.
Tentative Course Outline
Following is a tentative list of topics to be covered. This list may be changed by the class instructor.
The course syllabus is a general plan for the course; deviations announced to the class by the
instructor may be necessary.
Module 1
Week 1
Week
Topics
Readings
Introduction to Financial
Accounting
Chapter 1- Accounting in
Business
Wild Book
Chapter 2- Accounting for
Business Transactions
Module 2
Accounting Cycle
Week 2
Wild Book
Module 3
Inventory Management
Week 3
Wild Book
Module 4
Introduction to
Managerial Accounting
Chapter 14: Managerial
Accounting Concepts and
Principles
Wild Book
Chapter 23: Relevant Costing
for Managerial
Decisions
Week 4
Chapter 3-Adjusting
Accounts for Financial
Statements
Chapter 4-Accounting for
Merchandising Operations
Chapter 5 -Inventories and
Cost of Sales
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Module 5
Basic Understanding of
Financial Statements
Chapter 2. Financial
Statements, Taxes, and Cash
Flow
Ross Book
Chapter 3. Working
Financial Statements
Module 6
Time Value of Money
Week 6
Ross Book
Chapter 4. Introduction to
Valuation: The Time Value of
Money
Module 7
Valuation of Future Cash
Flows
Chapter 5. Discounted Cash
Flow Valuation
Week 5
Week 7
with
Ross Book
Academic Honesty / Plagiarism
Academic dishonesty, a basis for disciplinary action, includes but is not limited to activities such
as cheating and plagiarism (presenting as one's own the intellectual or creative accomplishments
of another without giving credit to the source or sources). The faculty in whose course or under
whose tutelage an act of academic dishonesty occurs has the option of failing the student for the
academic hours in question. The department chair should be advised of any action taken by the
faculty regarding academic dishonesty. The faculty may consent to refer the case to other academic
personnel for further action. Departments, schools, and colleges may have provisions for more
severe penalties than are set forth above.
ESU may impose penalties for academic dishonesty up to and including expulsion. The student has
the right to appeal the charge of academic dishonesty in accordance with the university's Academic
Appeals policy and procedure as set forth in section 9A-04 of the Faculty Handbook. It is important
for students to practice different processes to demonstrate the acquisition of knowledge and skills
necessary to succeed in the field of instructional design and technology. The completion of different
types of assignments, projects, and activities within different classes is essential to learning these
processes. Therefore, work completed for a different class is not acceptable toward fulfillment of
this class’s requirements.
Refer to: Academic Affairs Academic Dishonesty Policy
Refer to: University Policy Manual Section 4E.14 Grades
Syllabus Policies and Student Resources
All students should familiarize themselves with the course-related policies and student resources.
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Student Accessibility and Support Services
Student Accessibility and Support Services (SASS) at Emporia State University (ESU) ensures that
students with disabilities have full and equal access to the programs and services of ESU without
discrimination. Any student who feels they may need academic accommodations or access to
accommodations based on the impact of a documented disability should contact and register with
SASS during the first week of class or as soon as possible after the diagnosis of a disability. SASS
is the official office to assist students through the process of disability verification and coordination
of appropriate and reasonable accommodations. Students currently registered with SASS must
obtain a new accommodation memo each semester. The SASS office is located in William Allen
White Library, 2nd Floor (Office 209K) or phone 620-341-6637/Email SASS@emporia.edu. The
SASS office website is www.emporia.edu/sass .
Diversity, Equity, and Inclusion
ESU supports an inclusive learning environment where diversity and individual differences are
understood, respected, appreciated, and recognized as a source of strength. We expect that students
and faculty at ESU will respect differences and demonstrate diligence in understanding how other
people’s perspectives, behaviors, and worldviews may be different from their own. If there are
aspects of the design, instruction, and/or your experiences within this course that result in barriers
to your inclusion or accurate assessment of achievement, please notify the unit head (Department
Chair or equivalent) as soon as possible, and/or contact the office of the Assistant Dean of Students
for Diversity, Equity, & Inclusion.
Drop/Add and Withdrawal
If a student elects to withdraw from one or more classes after the official drop period and through
the tenth week of a regular semester, the grade of "W" will be recorded on the transcript regardless
of the student's academic standing in that class. Students must have their advisor sign the withdrawal
form.
After the tenth week of the regular semester the student may not withdraw from class nor may the
instructor assign the grade of "W". In extreme cases, the student may appeal to the Office of the
Associate Vice President for Academic Affairs to receive a grade of "W" after the tenth week.
Classes taught in less than the regular semester will follow a similar pattern. If a student elects to
withdraw from one of these shorter classes after the official drop period and before 5/8 of the class
periods have been completed, the grade of "W" will be recorded on the transcript. After 5/8 of the
class periods have been completed, the student may not withdraw, nor may the instructor assign
the grade of "W." In extreme cases, the student may appeal to the Office of the Associate Vice
President of Academic Affairs to withdraw with the grade of "W" after 5/8 of the class periods
have been completed.
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Students who decide to withdraw and receive an automatic “W” must complete the formal
withdrawal procedure. Students who wish to drop this class will have to initiate the withdrawal
process themselves.
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The last day to drop this class with no transcript entry is March 24, 2023.
The last day to withdraw from this class with an automatic “W” on transcript is Friday,
April 21, 2023 (Friday in the fifth week of class). Students will not be allowed to
withdraw from a class after this date.
Course Incompletes
If a student takes an Incomplete in the course, for a grade of I, the student's grade will be reduced
by a grade level when the work is completed during the next semester. For example, an A grade will
be reduced to a B grade. Incomplete work that is not finished by the end of the next semester
automatically turns to an F (by the Registrar's Office). According to ESU policy, Incompletes can
be assigned only in the direst of circumstances.
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