Stevens Institute of Technology
Howe School of Technology Management
Syllabus
Financial & Managerial Accounting
MGT 600
Semester:2014
Prof. William Stahlin
Babbio 414
wstahlin@stevens.edu
201 216 8022
Office Hours:
by Appointment
Course Description
This course introduces students to the principles of financial and managerial
accounting. It focuses on the use of accounting data to enhance an individual’s
financial decision-making ability. Topics covered include the major financial
statements, cost analysis cost estimation and management, cost accounting
systems, cost volume profit analysis, short term decision analysis, budgets,
Prerequisites: None.
Course Objectives
This course is a foundation core course in the MBA curricula where it serves as an
introductory and preparatory course for graduate work in business. It provides a basis for
understanding and evaluating business performance in any organization.
Additional learning objectives includes the development of:
Analytical Problem Solving Skills: There is extensive use of analytic thinking in this
course. Analyzing accounts and costs is critical to mastering the material. Additionally,
there is considerable time spent on cost and investment decision making.
Ethics: Short cases are discussed on ethical issues in financial reporting. Students
identify stakeholders impacted by the decisions taken and suggest alternative course of
action.
Global Awareness: The course covers a comparison of U.S. general accepted accounting
principles (GAAP) and International Financial Reporting standards.
Learning Goals
After successfully completing this course, the student will be able to:
1.
2.
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6.
7.
8.
Analyze balance sheets, income statements and cash flow statements
Identify adjustments necessary for accrual financial statements
Account for liabilities, stock transactions and retained earnings
Compute the ratios widely used in financial statement analysis and explain their
significance
Identify the three elements of manufacturing cost, compute overhead rates and
allocate overhead
Determine the sales volume to earn a desired level of operating income
Prepare operating and cash budgets and supporting schedules
Use incremental analysis in making such as special orders or outsourcing
Pedagogy
This course will consist of reading assignments, powerpoint slides (posted on Moodle)
to clarify and emphasize key points in the readings, lectures and discussions, and
solution of problems. Each week we will complete a chapter. You will submit selected
homework assignments using WileyPlus online software.
Required Text
We will use an e-text in this course. It is available when you register on Wiley Plus.
WileyPlus is a supplemental resource for students. Weekly homework assignments are
submitted through WileyPlus. It is web-based tutorial software. The software makes
submitting homework easy. You get immediate feedback and assistance in completing
the assignments as well.
Kimmel,Weygandt, Kieso, Accounting 4th Edition, Wiley 2012
Merrill Lynch, How to Read a Financial Statement (on Moodle Home Page)
When you register for WileyPlus you will have immediate access to the e-text. You
should register for the text as soon as possible.
WileyPLUS Registration
To gain access to WileyPLUS, go to:
http://edugen.wileyplus.com/edugen/class/cls358340/
to sign up for this course section.You will need to pay a fee to gain access to the text
book and Wiley Plus homework software.
2
Homework Submissions
Due dates for assignments are indicated on WileyPlus. These assignments will be graded
automatically. Five retries are allowed per problem. Timely submission is important to
reinforce what is learned in the readings and in class.
Assignments will generally be due on Sunday evening. Early submission of homework
assignments is encouraged. Late solutions will be subject to a 25% deduction. The lowest
homework grade will be dropped.
Approximate Grade Allocations
Assignment
Homework assignments & on line participation
Exam 1
Exam 2
Total
Grade %
30%
35%
35%
100%
EXAMS
There will be two on line, open book exams. These will be assigned to be completed
at a specific time on a Sunday evening. You will have a limited time to complete the
exam and may attempt the exam only once. These are individual exams and you
may not obtain assistance from nor provide assistance to anyone else.
3
Ethical Conduct
The following statement is printed in the Stevens Graduate Catalog and applies to all
students taking Stevens courses, on and off campus.
“Cheating during in-class tests or take-home examinations or homework is, of course,
illegal and immoral. A Graduate Academic Evaluation Board exists to investigate
academic improprieties, conduct hearings, and determine any necessary actions. The
term ‘academic impropriety’ is meant to include, but is not limited to, cheating on
homework, during in-class or take home examinations and plagiarism.“
Consequences of academic impropriety are severe, ranging from receiving an “F” in a
course, to a warning from the Dean of the Graduate School, which becomes a part of the
permanent student record, to expulsion.
Reference:
The Graduate Student Handbook, Academic Year 2003-2004 Stevens
Institute of Technology, page 10.
Consistent with the above statements, all homework exercises, tests and exams that are
designated as individual assignments MUST contain the following signed statement
before they can be accepted for grading.
____________________________________________________________________
I pledge on my honor that I have not given or received any unauthorized assistance on
this assignment/examination. I further pledge that I have not copied any material from a
book, article, the Internet or any other source except where I have expressly cited the
source.
Signature ________________
Date: _____________
4
MGT 600 Class Assignments
Go to WileyPlus for the online homework assignments and their due
dates.
Week
Class
Date
Chapter
1
1-Sep
1 Introduction to Financial Statements
2
8-Sep
2 A Further Look at Financial Statements
3
15-Sep
4 Accruals
4
22-Sep
5 The Multiple-Step Income Statement
5
29-Sep
6
6-Oct
7
13-Oct
8
20-Oct
Exam Review
9
27-Oct
Exam 1
9
27-Oct
7 Internal Control
10 Liabilities
11
Stockholders' Equity
13 Financial Statement Analysis
14 Managerial Accounting
10
Nov 3
15 Job Order Costing
11
Nov 10
18 Cost-Volume-Profit
12
Nov 17
20 Budgetary Planning
13
Nov 24
23 Incremental Analysis
14
1-Dec
Exam Review
8-Dec
Exam 2
5