ACCT 5301 INFORMATION
Summer I, 2011
INSTRUCTOR: Dr. Allison Collins
OFFICE: BA 505
PHONE: 742-2163
OFFICE HOURS: Mon. – Thurs.: 1:00-1:50pm, and by appointment
E-MAIL: allison.collins@ttu.edu (put ACCT 5301 in the Subject line)
INSTRUCTOR WEB PAGE: http://acollins.ba.ttu.edu
REQUIRED MATERIALS
Textbook: Financial & Managerial Accounting for MBAs (2nd Edition) by Easton, Halsey,
McAnally, a Hartgraves and Morse, 2010.
Power Point Class Notes: to be posted to Instructor Web Page before each chapter, starting
with Chapter 5. You should bring the chapter notes with you to class on the dates
indicated.
COURSE OBJECTIVES: Users of accounting information include lenders, investors, regulatory
compliance officers, management, employees, and auditors. This course examines two aspects
of accounting in business:
Financial accounting: Externally distributed financial statements exist to help
people in business to make better economic decisions. The purpose of the
financial accounting section of this course is to develop financial and credit analysis
skills that are useful in business decision making. Emphasis will be on the
interpretation, rather than the preparation of financial statements.
Managerial accounting: Internally generated accounting information is used by
management to monitor the efficiency, quality, and timeliness of its operations. The focus
of this section will be to examine the pricing and costing of products and services, planning
of activities, and measurement of performance.
EXAM INFORMATION: There will be 3 exams at 100 points each. These examinations will test
your knowledge and understanding of the chapter material, class discussion, and assigned
homework. NO MAKEUP EXAMINATIONS ARE GIVEN. If a student misses an exam, at the
discretion of the instructor, a comprehensive final exam grade will be substituted for one missed
exam.
EXAM POLICIES: The exams will be closed-book, closed-notes; however, you will be allowed
to bring one sheet of information (8.5 x 11, front and back) into the exam. Note that the Sample
Exams, posted to the course web page before each exam, are an excellent example of the
types of questions you will encounter on the class exams, and should be an integral component
of your studies.
ASSIGNMENT GRADES (total of 100 points):
Quizzes and Homework Assignments (40 points) – quizzes and homework assignments will
be announced at least one class period in advance. If you miss class, watch for
announcements on Dr. Collins’ web page.
Financial Accounting Group Project (60 points): The purpose of the financial accounting
project is to gain an understanding of the content of annual reports and the related disclosures.
In this project you and your group members will answer questions concerning the financial
statements of a publicly traded U.S. corporation. I will offer a list of companies you may choose
from, or you may select an alternative company – if it has sufficient disclosures on some of the
major financial accounting topics we will discuss (these companies must be approved by me).
You should select your group (maximum of 4 people), your company, and obtain your
annual report (including the footnotes) by June 13.
GRADES: Grades will be assigned within the following ranges:
360- 400 points = A; 320-359 points = B; 280 –319 points = C; 240-279 = D; below 240= F
CLASSROOM POLICY ISSUES
WITHDRAWAL POLICY
The requirements set by the university for withdrawal will be strictly followed. You should retain all
documentation of courses you have dropped.
STUDENTS WITH SPECIAL NEEDS
The university is committed to the principle that in no aspect of its programs shall there be differences in
the treatment of persons because of race, creed, national origin, age, sex, or disability, and that equal
opportunity and access to facilities shall be available to all. Any student who because of a disability may
require special arrangements in order to meet course requirement should contact the instructor as soon
as possible to make any necessary accommodations. Students should present appropriate verification
from AccessTECH in the Student Counseling Center in West Hall.
ACADEMIC INTEGRITY
The university catalog states the following: “It is the aim of the faculty of Texas Tech University to foster a
spirit of complete honesty and a high standard of integrity. The attempt of students to present as their
own any work that they have not honestly performed is regarded by the faculty and administration as a
serious offense and renders the offenders liable to serious consequences, possibly suspension.”
The catalog defines cheating as “Dishonesty on examinations and quizzes or on written assignments,
illegal possession of examinations, the use of unauthorized notes during an examination or quiz,
obtaining information during an examination from the examination paper or otherwise from another
student, assisting others to cheat, alteration of grade records, illegal entry to or unauthorized presence in
an office are instances of cheating.”
You will be required to read the entire University reference on Academic Integrity (OP34.12, sections 3
through 9) before Exam 1. The reference may be found at
http://www.depts.ttu.edu/opmanual/OP34.12.pdf
RELIGIOUS HOLIDAYS
A student who intends to observe a religious holy day should make that intention known to the instructor
prior to the absence. A student who is absent from classes for the observance of a religious holy day shall
be allowed to take an examination or complete an assignment scheduled for that day within a reasonable
time after the absence.
RAWLS COLLEGE OF BUSINESS CAREER MANAGEMENT CENTER
The Career Management Center (CMC) is a convenient resource for business administration students to
obtain internships and full-time jobs. You are encouraged to register with the CMC on RawlsCONNECT
(a database used by employers to find out more about you) in your first semester of graduate school.
The CMC can also assist you in developing your resume and honing your interview skills. Contact the
CMC for more information by calling 806.742.4530, accessing the website at
www.rawlscmc.ba.ttu.edu, visiting their office in BA 169, or emailing rawlscmc@ba.ttu.edu.
ACCT 5301 TENTATIVE SCHEDULE
Date
6/1
6/2
6/6
6/6
6/7
6/8
June 9
6/13
6/14
6/15
6/16
6/20
6/21
June 22
6/23
6/23
6/27
6/27
6/28
6/28
6/29
6/29
6/30
July 1
(may be revised at the discretion of the instructor)
Topic
Reading Assignment
Class Problems
PART 1 FINANCIAL ACCOUNTING
Review of Financials
2-1 to 2-30 and 3-1 to 3-25
E2-31, E2-32; M3-15
Income Statement and EPS
5-1 to 5-17, 5-24 to 5-29
M5-19, P5-35
Accounts Receivable
6-1 to 6-12
E6-22, E6-24
Inventories
6-13 to 6-26
E6-27, E6-28, P6-41(c)
Long Term Assets
6-26 to 6-35
E6-35
Liabilities and Present Value
8-1 to 8-30
P8-37, P8-38
Exam 1: Chapters 2,3,5(Part 1),6,8
Intercorporate Investments
7-1 to 7-27
E7-21, E7-22
Stockholders' Equity
9-1 to 9-29
M9-24
Leases
10-1 to 10-11
E10-19
Retirement Benefits
10-12 to 10-24 and Handout
E10-25
Income Taxes
5-17 to 5-24 and Handout
P5-36
Statement of Cash Flows (for Exam 3) Appendix B: B1 to B24
QB-4, MB-22, MB-23, MB24
Exam 2: Chap. 5(Part 2),7,9,10
PART 2 MANAGERIAL ACCOUNTING
Managerial Accounting Intro.
13-1 to 13-16
Cost Behavior
14-1 to 14-19
M14-14, E14-20
Cost-Volume-Profit
15-1 to 15-19
M15-15, E15-17, E15-18
Relevant Costs
16-1 to 16-18
M16-17, E16-22, E16-25, E16-26
Job Order & Process Costing
17-1 to 17-25
E17-24, E 17-25
Allocating Indirect Costs
18-1 to 18-17
M18-16
Group Project Due
Control Systems & Performance
22-1 to 22-22
P22-29, P22-30
Evaluation
Budgeting
21-1 to 21-22
M21-19, M21-20, M21-21
Exam 3:Appendix B (St. of Cash
Flow), Chapters 13-18, 21-22
STUDENT INFORMATION SHEET
Name:______________________________________________________________
Currently Employed?_________
If so, where? _______________________________
How many hours per week do you work? ________________
How many other classes are you taking this semester (session)?
_________________
Undergraduate Major:_________________________________
MBA Concentration or Joint Degree Area:
_____________________________________
Did you participate in the Accounting Boot Camp this May?_________
If no, when and where did you take Introductory Financial Accounting (usually indicated
as the first 2000 level accounting course in most course catalogs)?
Institution:_________________
Year:___________
What other Accounting courses have you had (if any)?
_________________________________
_________________________________
_________________________________