GEB 5872
MBA Foundations: Financial Management 1
Online
Spring 2014
As of 1/6/2014
PROFESSOR:
Dr. Lane Lambert, PhD, CPA
TEXT:
Financial Accounting A Business Process Approach, 3rd
ed. By Jane L. Reimers. ISBN-13:978-0-13-611527-4 (the
casebound version: all paper).
MyAccountingLab:
Purchase of access to Pearson MyAccountingLab is
required for the homework assignments (approximately
$50)
PHONE:
E-MAIL
OFFICE LOCATION:
850-474-2993, but send me an email if I do not answer.
llambert@uwf.edu
Building old 76 / Room 206
Tuesdays and Thursdays 7:30 - 9:30 AM, 11:00 –
11:30 AM and 2:30 - 4:00 PM
OFFICE HOURS
STUDENT ORIENTATION GUIDE TO Elearning: This course utilizes the University's
eLearning system, D2L to house course information (elearning.uwf.edu). If you are new to
eLearning at UWF, I would suggest that you read information found in eLearning Support for
Students.
RESPOND TO INSTRUCTOR E-MAIL: At the beginning of the semester, I will send all
class members an e-mail providing information about the class, and asking them where they
will be taking the examinations. In that e-mail will be a request that you respond so that I know
that the lines of communication are open, and can plan for the different examination situations.
Failure to respond by the end of the first week of classes may result in you being automatically
withdraws from the class.
Please note that e-mail is the primary means of communication in this course. Include GEB5782
in the subject line of any e-mail you send to me. Check your e-mail regularly for updates or
other messages regarding this course.
INTRODUCTIONS: The course begins with an INTRODUCTION presentation that I have
prepared for you. This presentation should tell you all that you need to do to successfully
complete the course. In this presentation, I will tell you how to purchase access to
MyAccountingLab that you will use to perform all of the homework assignments online. Your
MyAccountingLab homework grades counts for 40% of your course grade, so getting started in
MyAccountingLab as soon as possible after the course starts is critical to your success in the
course. Also, in my introductory email that I ask you to reply, I will provide all the information
that you need to get started in MyAccountingLab.
COURSE OBJECTIVES: Financial Management 1 (FM1) is the first of a three course
sequence dealing with fundamentals of financial management. The objective of FM1 is to
introduce the student to fundamentals of financial accounting and the impact of financial
transactions on a company's financial statements. In this course, students are introduced to the
accounting process of analyzing, measuring, and reporting business activity. FM1 explores the
precise language, assumptions, concepts, principles, and logic patterns inherent in the analysis
and measurement of business activity. In addition, it describes the form and content of major
financial statements, briefly introduces the recording and reporting process used by accounting
systems, and examines basic financial reporting issues. Emphasis is placed on problem solving
using financial accounting principles. The exercises and problems assigned are suggested as a
minimum. Each chapter should be read several times.
STUDENT LEARNING OUTCOMES:
After completing this course students should
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Understand fundamental concepts of financial accounting;
Learn about journal entries, posting, T-accounts comprising the general ledger, and
preparing the financial statements from the general ledger T-accounts.
Understand the accounting cycle;
Be able to demonstrate a basic knowledge of accounting for merchandise businesses;
Understand the importance of internal controls in a business;
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Be able to demonstrate a basic knowledge of issues related to the assets cash and
accounts receivable;
Understand the significance of different inventory cost flow assumptions and be able to
demonstrate the impact of different cost flow assumptions on the financial statements;
Understand the manner in which long-lived assets are expensed;
Understand the accounting principles related to liabilities; and
Understand the different business forms and their impact on the financial statements.
PAPER ASSIGNMENTS TO HAND IN: There are none. All of your homework is done
individually (by just you) online. Your homework is automatically graded online and you see
this grade online in MAL. I will transfer your MyAccountingLab final grade average to the
eLearning gradebook at the end of the course.
ELLUMINATE: Interactive class discussions will be held throughout the term using the
Elluminate audio conferencing tool. Dates for the Elluminate sessions will be posted in
eLearning. Participation in the Elluminate sessions is voluntary on the part of the student. Each
of the sessions will be recorded. Links to the recordings will be made available to the students.
MYACCOUNTINGLAB: Each of the eight (8) chapter covered in the textbook has a
corresponding MyAccountiingLab (MAL) assignment. At the beginning of the course, the
purchasing access to MAL for the duration of the course. Then, whenever the student chooses
to do so, he or she logs on to MAL and works the homework assignment exercises and
problems. As the student works the assignment exercises and problems, help through the MAL
system is available to provide guidance in helping the student to complete each assigned
exercise and problem. At the end of each MAL chapter assignment, the MAL system
automatically grades the student’s homework and posts the assignment grade in the MAL
gradebook. There are a total of eight (8) MAL homework assignments: one assignment for each
of the 8 chapters covered in the textbook. Since you have only 8 weeks to complete the course,
there are no specified deadlines for completing the MyAccountingLab assignments. Rather,
you should manage your time and try not to fall behind the schedule included in the Course
Outline that I will provide in the INTRODUCTION. The MyAccountingLab system will not be
available after the day of the Final Exam; hence, the final exam is the last day to complete all of
the MyAccountingLab homework. At the end of the course, the Instructor will transfer the
single MAL Homework average grade that is the average of the 8 MAL assignment grades to
the eLearning grade book, and this single grade will count for 40% of the course grade. None
of the 8 MAL Homework Assignment grades are dropped.
MIDTERM and FINAL EXAM: The Midterm Exam constitutes 30% of your course grade
covers the materials taught in the first four presentations and chapters 1, 2, 3 and 5 in the
textbook. The Final Exam constitutes 30% of your course grade and covers the materials taught
in the fifth through eighth presentations and chapters 6, 7, 8 and 10 in the textbook. Both the
Midterm and Final Exams must be taken either (1) through Respondus Lockdown Browser
available at UWF or (2) under supervision at the UWF Pensacola Main Campus. The building
and room of the testing locations at UWF Main Campus will be announced in the eLearning
course at least one week before the exam. If you cannot make it to one of the prearranged
testing sessions, it is your responsibility to take the exam using the Respondus Lockdown
Browser service. Any proctoring fees are the responsibility of the student, but it is my
understanding that Respondus Lockdown Browser is a free service to UWF students. Any
Exam not taken will receive a zero grade.
COMMUNICATION DEVICES/CAMERAS: No portable, audible communication devices,
cameras, or audio devices, e.g., cellular phones, pagers, etc., may be activated or turned on
during an examination for any reason. If any of these devices are found to be activated or
turned on during an examination, there will be an automatic deduction of 30 points from your
examination grade. If the device is "answered" or otherwise accessed, the examination will be
terminated and an exam grade of zero will be applied.
GRADING: The course grade will be determined as follows:
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MyAccountingLab Assignments: 40%
Midterm Exam:
30%
Final Exam:
30%
GRADING SCALE:
100 - 94 = A
93 - 90 = A-
89 - 87 = B+
86 - 83 = B
82 - 80 = B-
79 - 76 = C+
75 - 70 = C
69 - 66 = D+
65 - 60 = D
59 - 00 = F
The instructor reserves the right to lower (but not tighten or increase) the grading scale.
Note: The course syllabus is applied objectively and uniformly to all students enrolled in the
course. Course grades are based exclusively on assignments to turn in and examinations. There
is no provision for extra credit work, or late submission of assignments, so please do not ask.
WITHDRAWALS AND INCOMPLETES: The last day for withdrawal from an individual
course with an automatic "W" is available from the UWF Registrar. Please withdraw from the
course if you are unable to complete the assignments and take the exams. Incompletes are not
a substitute for poor performance or withdrawals. According to University requirements,
incompletes are awarded only in circumstances beyond the control of the student, provided the
student has completed at least 70% of the course requirements with a grade of at least C- up to
that point in time.
OTHER TECHNOLOGY REQUIREMENTS: In addition to D2L and email, the following
technology is required to receive the full benefits of this course:
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Access to MyAccountingLab that the student must purchase.
Personal Computer with Internet Access.
ROLE OF INSTRUCTOR: The primary role of the course instructor is to lend structure to the
learning process. The Instructor will determine the specific topics to be covered, will establish a
schedule that facilitates subject coverage, an will serve as a subject matter resource that
supplements the text and other available materials. The Instructor will develop, administer, and
evaluate assessment instruments designed to gauge students' level of academic achievement
with respect to the selected course topics.
ROLE OF THE STUDENT: The primary role of the student is to establish and strive to
achieve his/her individual learning objectives. The student must develop a clear and realistic
understanding of course-related expectations and requirements, must determine the most
effective way for him/her to meet those expectations and adhere to those requirements, and
must take responsibility for his/her actions and accept the consequences of those actions.
ACHIEVEMENT: This course requires a significant amount of time and effort. History
indicates that there is a direct correlation between the time and work invested in the course and
the student's grade. If you are experiencing difficulty with course material or some other aspect
of the course, contact the instructor as soon as possible. The end of the semester is too late to
address problems or concerns and to improve your grade.
WEATHER AND OTHER EMERGENCY INFORMATION: In the case of severe weather
or other emergency, the campus might be closed and classes cancelled. Official closures and
delays are announced on the UWF website and broadcast on WUWF-FM. In addition, I will
inform you of any official closures or cancellations via e-mail.
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WUWF-FM (88.1MHz) is the official information source for the university. Any
pertinent information regarding closings, cancellations, and the re-opening of campus
will be broadcast.
In the event that hurricane preparation procedures are initiated, the UWF Home Web
Page and Argus will both provide current information regarding hurricane preparation
procedures, the status of classes and the closing of the University.
Emergency plans for the University of West Florida related to inclement weather are available
on the following UWF web pages:
Information about hurricane preparedness plans is available on the UWF web site:
http://uwfemergency.org/hurricaneprep.cfm
Information about other emergency procedures is available on the UWF web site:
http://uwfemergency.org/
OTHER: If you have a need for any reasonable in-class accommodation or reasonable special
test-taking arrangement because of a physical and/or perceptual limitation that has been
certified by the Office of Disabled Student Services, please get in touch with the instructor at
the earliest time possible.
STUDENT CODE OF CONDUCT: The Student Code of Conduct sets forth the rules,
regulations and expected behavior of students enrolled at the University of West Florida.
Violations of any rules, regulations, or behavioral expectations may result in a charge of
violating the Student Code of Conduct. It is the students' responsibility to read the Student
Code of Conduct and conduct themselves accordingly.
THE UNIVERSITY OF WEST FLORIDA
COLLEGE OF BUSINESS
EXPECTATIONS FOR ACADEMIC CONDUCT
As members of the University of West Florida academic community, we commit ourselves to
honesty. As we strive for excellence in performance, integrity--both personal and institutional-is our most precious asset. Honesty in our academic work is vital, and we will not knowingly
act in ways which erode that integrity. Accordingly, we pledge not to cheat, nor to tolerate
cheating, nor to plagiarize the work of others. We pledge to share community resources in ways
that are responsible and that comply with established policies of fairness. Cooperation and
competition are means to high achievement and are encouraged. Indeed, cooperation is
expected unless our directive is to individual performance. We will compete constructively and
professionally for the purpose of stimulating high performance and standards. Finally, we
accept adherence to this set of expectations for academic conduct as a condition of membership
in the UWF academic community.