ACCT 5301.001: FINANCIAL AND MANAGERIAL ACCOUNTING
Spring 2014
Instructor:
Don Clancy
Office:
Communication:
Course Website:
E 363
Office: 806-834-3183
Cell:
806-470-5112, voice before 9 PM, text or e-mail any time.
e-mail: don.clancy@ttu.edu
http://Clancy.ba.ttu.edu/5301
Office Hours:
Class Time and Room:
T Th 2:30 PM – 4:00 PM and W 5:00 PM to 6:00 PM
T Th 11:00 PM to 12:20 PM in RCOBA 289
COURSE PURPOSE
This course fulfills the accounting requirements for the Texas Tech MBA Program. The primary purpose is to
become a knowledgeable user of and manager with accounting information. If you have not completed an
undergraduate accounting course, a prerequisite to this course is the Accounting Boot Camp. Accounting is
considered the “language of business” and this course is offered early in the program to provide a basis of
understanding for subsequent courses.
COURSE OBJECTIVES
1. Financial Accounting: Comprehend, analyze, and make judgments based on external financial reports. This
involves understanding terms, transactions, methods, and analytical relationships. Interpretation of and
management with the amounts and statements will be emphasized.
2. Managerial Accounting: Internally generated reports that help manage the efficiency, quality, and
timeliness of operations. Decision and planning processes will be emphasized.
BIG PICTURE--Learning goals of the MBA Program: Looking at the big picture, this MBA course helps to
develop MBA graduates who ultimately can:
1. Identify and analyze problems, and propose reasonable solutions.
2. Identify and propose solutions to ethical dilemmas and legal and social issues.
3. Identify the various parts of an organization and the environment and analyze how they interact.
4. Lead and manage within an organization.
5. Work effectively in teams.
6. Communicate effectively using oral, written and listening skills.
7. Apply accounting, finance, management, marketing and information systems concepts.
8. Recognize and explain the implications of cultural and international differences.
9. Identify and pursue career opportunities.
COURSE MATERIALS
 Financial & Managerial Accounting for MBAs, Third Edition Peter Easton, Robert Halsey, Mary
McAnally, Al Hartgraves, and Wayne Morse. Cambridge Business Publishers, 2013 (ISBN 978-162964-008-0).
 Class handouts and lectures on the course website.
ASSESSMENT
The accomplishment of learning goals will be assessed through examinations, class discussion, and case
analyses. Attendance will be taken.
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, or visiting
their office in 119.
UNIVERSITY POLICIES
Integrity. Academic dishonesty will not be tolerated. All students are required to adhere to the Texas Tech
University Policy on Academic Honesty.
Civility in the Classroom. “Students are expected to assist in maintaining a classroom environment which is
conducive to learning. In order to assure that all students have an opportunity to gain from time spent in
class, unless otherwise approved by the instructor, students are prohibited from using cellular phones or
beepers, eating or drinking in class, making offensive remarks, reading newspapers, sleeping or engaging in
any other form of distraction. Inappropriate behavior in the classroom shall result in, minimally, a request to
leave class.”
ADA Requirements. Classroom accommodations will be made for students with disabilities, if requested.
Religious Holidays. A student who intends to observe a religious holy day should make that intention known
to the instructor prior to an 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.
ACCT 5301—001
FINANCIAL AND MANAGERIAL ACCOUNTING
Course Outline
Spring 2014
Date
1/16/2014
1/21/2014
1/23/2014
1/28/2014
1/30/2014
2/4/2014
2/6/2014
2/11/2014
2/13/2014
2/18/2014
2/20/2014
2/25/2014
2/27/2014
3/4/2014
3/6/2014
3/11/2014
3/13/2014
3/15-3/22
3/25/2014
Text Reading
Overview and Introduction
1: Financial Accounting for MBAs
2: Introducing Financial Statements
3: Accounting Adjustments and Financial Reports
4: Analyzing Financial Reports
5: Operating Income
Exam #1
6: Operating Assets
7: Investments
8: Non-Owner Financing
9: Owner Financing
Exam #2
SPRING BREAK
14: Costs, Activities, Estimation
Exer./Prob.
1-28,32
2-23,27,31,33
3-15,19,27,40
4-23,27,32
4-33,35,42
5-11,20
5-24,26
6-22,23,27,28
6-34,35,37,40
7-26,27
7-29,33
8-24, 26
8-27, 30
9-24,34,47
9-36,42
14-14,18, 21
3/27/2014 15: Cost Volume Profit and Planning
15-18,19, 21, 24
4/1/2014
4/3/2014
4/8/2014
4/10/2014
4/15/2014
4/17/2014
4/22/2014
4/24/2014
4/29/2014
5/1/2014
5/6/2014
5/9/2014
15-29, 30, 35, 36
16-20, 23, 29
17-21,22
17-26
CVP Continued
16: Relevant Costs and Benefits
17: Product Costing: Job Order (only)
Exam #3
18: Activity Costing, Customer Profitability
20: Pricing
21: Operational Budgeting and Profit Planning
23: Segment Reporting, Scorecard
Transfer Pricing
Saturday, May 10th, 1:30-4:00 PM, Exam #4
18-10,14,18
20-21,23,27
21-20,21,25
21-29
23-20,30,33
23-22,23, 24,36