May 19, 2015 Re: ACCT204N721 and N722-Managerial Accounting-Summer 2015 Dear Students: I would like to welcome you to managerial accounting, an online course, at Marist College. Since all of you have completed financial accounting, you are aware of the different financial statements generated such as the income statement, balance sheet and statement of cash flows. Managerial accounting deals with different types of reports and is completely different from financial accounting. Managerial accounting deals with information managers need to make informed decisions. We will be studying breakeven analysis, budgeting, costs and other related topics. Your course grade is based on a combination of homework, quizzes and exams. A copy of the syllabus will be posted on iLearn with additional information. One issue I see in teaching this online course is that we have to cover 10 chapters within 10 weeks. These chapters are usually covered over 15 weeks during a regular semester, and even then, students find this course challenging. During the summer, the course moves 50% faster and is at least 50% more intense that what you may be used to during the regular academic year. Simply put: you must put in the time that is necessary to master the material and keep pace with the course requirements. Work deadlines are fixed and are firm, not flexible. After reading the above you probably want to know how much time you should be spending each week to complete this course. Considering the pace of this course mentioned above, I would estimate that about 12 hours each week will be required. Depending on the material, some weeks may be more and some weeks less. Also, depending on a student’s background and affinity for the material, some students may require more or less time than estimated. Also note: You should plan on accessing the online sites on a daily basis! I’ve taught this course many times, and I can assure you that you can’t plow through all the material and complete the assessments in one or two sessions and be successful in this course. Our textbook will be Cost Accounting, A Managerial Emphasis (15th Edition) by Horngren, Datar and Rajan. In addition, we will utilize “My Accounting Lab” an online assignment and assessment tool where you will do your homework, take the required quizzes, and complete all the course examinations. You cannot complete the course without these two resources! Also, you must have these materials on Day 1. Do not order online unless you are positive that you will take possession of the materials at the beginning of the course. Course deadlines will not be modified because you have not received your text. Note that MyAccountingLab is separate from iLearn; access to MyAccountingLab is required. An access code may have come with your text, if you purchased it new. If not, access can and must be purchased separately at the MyAccountingLab website. You can purchase the text and the MyAccountingLab online component of the course at the bookstore. The bookstore has the loose leaf edition of the book that comes bundled with the access code for the MyAccountingLab website. The ISBN for this bundle is 9780133781106. To register for this course at the MyAccountingLab site, you must have the Course Title and the Course ID. These are given below. Title: Managerial Accounting 15Su All Students Course ID: tully27276 Some textbooks come bundled with the necessary online access materials; but some do not! Be sure you know what you are purchasing! Ask the bookstore personnel for assistance, if you are not sure. Also, if you have previously purchased access to MyAccountingLab, you may not have to purchase it again. You should sign in to MyAccountingLab as usual and join the course at the title and ID given above. OK! That’s it. Please remember that I am available to assist you in any way that I can in achieving a mastery of the course material. Please stay current and come to me quickly with any questions or problems. I enjoy interacting with students. Best wishes for an enjoyable, productive, and successful learning experience. Sincerely, Gregory J. Tully, Ph.D. Associate Professor of Accounting Greg.Tully@Marist.edu Get Started with Pearson’s MyAccountingLab First, make sure you have these 3 things… Email: You'll get some important emails from your instructor at this address. Course ID: A Course ID looks something like this: professor12345 Access code or credit card: The required access code comes either with your book or by itself at your bookstore. Alternatively, you can buy instant access with a credit card or PayPal account during registration. Next, get registered! 1. Go to www.pearsonmylabandmastering.com. 2. Under the large Register section on the right side of the page, and click the Student button. 3. Read the onscreen instructions and click OK! Register now. 4. Next, enter the Course ID for your course (listed above). 5. After this, either Create a new Pearson username and password, or, if you’ve already registered for another Pearson product (i.e. MyMathLab), Sign In with that username and password. 6. On the next page, click the Access Code button if you purchased a package with an access code from the bookstore, OR purchase instant access now by clicking on the purchase options under the Use a Credit Card or PayPal section. 7. You are now registered! Now, it’s time to sign. Go to www.pearsonmylabandmastering.com and click the Sign In button in the top right. Enter your username and password. Gregory J. Tully, Ph.D. Associate Professor of Accounting Brief Bio Greg Tully is an Associate Professor at Marist College’s School of Management. Since earning his Ph.D., he has specialized in the development, analysis, and use of information to support strategic and operational planning, decision-making, control systems, and performance evaluation. His published papers and presentations address these areas, as well as the measurement of intellectual capital and innovation, and the integration of corporate social responsibility with strategy and financial performance, which is his main area of research currently. He has designed and taught courses for undergraduate, masters, and doctoral students. Before coming to Marist, he was an Assistant Professor of Accounting at The Stern School of Business, New York University and an Associate Professor of Accounting at SUNY Albany. He received his Bachelors in Economics from Georgetown University, and his and Ph.D. in Business Administration from the Haas School of Business, at the University of California, Berkeley. Before entering academia, Greg practiced accounting in the securities industry. His last position was that of chief accountant for Franklin Resources, Inc. and its associated regulated investment companies now known as the Franklin, Templeton Group. In that position, he was responsible for all accounting, financial compliance, and fund share pricing systems. In addition, he was responsible for financial reporting to Franklin’s senior management, funds’ boards of directors, and regulatory jurisdictions such as the SEC and the NASD. Greg lives in the City of Poughkeepsie with his wife, Barbara. They have three children. He enjoys listening to jazz, reading, fishing in the Catskills, and talking to students.