200- 1
Acc Introduction to Accounting
Fall 2011 Sections 1 and 2
Instructor
Earl K. Stice
Office: 520 TNRB
E-mail: [e-mail]
Office Hours: Tu and Th 10:00 a.m. 11:00 a.m. and 2:00 p.m. 3:00 p.m.
Accounting is the system that organizations (such as businesses, families, and churches) use to
monitor financial resources, generate financial information for making decisions, and produce
summary reports to evaluate financial performance. Accounting reports and accounting
terminology provide the vocabulary that businesses use to talk about their operations. In short,
accounting is the language of business.
Acc 200 provides you with an introduction to accounting. This course will expose you to all of
the major topics in accounting: external financial reports, internal managerial reports, income
taxes, auditing, and accounting information systems. Most of the course material will be in the
areas of financial accounting (reporting financial strengths and weaknesses to parties outside the
business such as investors and lenders) and managerial accounting (constructing detailed internal
information, such as budgets and product costs, for use in internal decision making).
Course Learning Objectives: After completing Acc 200, a student should be able to
1. Construct and interpret a balance sheet and income statement.
2. Construct and use internal accounting tools such as budgets, product cost reports,
breakeven analysis, and nonroutine decision analyses.
3. Analyze transactions, record those transactions, and then use the accounting cycle to
generate accounting reports.
4. Apply the financial accounting rules that exist in the following areas: revenue recognition,
inventory, compensation, long-term assets, bonds, and leases.
4. Discuss accounting issues and solve accounting problems in a time-constrained group
setting.
5. Intelligently discuss the ethical dimensions of a variety of accounting-related business
problems.
6. Intelligently converse about the following areas:
a. Earnings management
b. Fraud and how to prevent fraud
c. The theory and practice of income taxes
d. Investing in stocks
e. Personal budgeting and financial planning
f. Career planning and spiritual decision making
7. Write a brief, focused memo demonstrating basic understanding of accounting and business
issues.
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8. Use computer-aided learning tools and online learning resources.
9. Manage workload in a self-paced learning environment.
3
Required Text/Learning Materials
Introduction to Accounting: The Language of Business, by Norm Nemrow. Business
Learning Software. PURCHASED ONLINE.
Acc 200 Packet. PURCHASED AT THE BYU BOOKSTORE.
Note about using USED Acc 200 materials.
The School of Accountancy has licensed the Software from Business Learning
Software for use with Acc 200. The price that you pay when you buy the Software
online is a special BYU price. This price is NOT the purchase price of the software
but is instead a NONTRANSFERABLE licensing fee. This licensing fee allows you
to use the Software for Acc 200 and for any other personal, non-business purpose.
Because the license is NONTRANSFERABLE, each student must purchase her or
his own Software license direct from Business Learning Software; you may not use
Software purchased from a friend, roommate, or online acquaintance. Yes, Software
purchased through these private channels will probably work, but your use of it
constitutes a violation of the licensing agreement that has been negotiated by the
School of Accountancy. To ensure that the integrity of the School of Accountancys
licensing agreement with Business Learning Software is preserved, we will require
each Acc 200 student to report her or his Software site-license number (this number
is assigned when the Software is purchase online) as a condition of receiving a grade
in the course. We will collect these unique site-license numbers, via Blackboard,
during the semester. You must purchase the Software license even if you plan to
do most or all of your Acc 200 Software lesson work on campus computers.
The Acc 200 Packet available in the BYU Bookstore for Fall 2011 is substantially
different from the Acc 200 Packet used in prior semesters. Using a prior-semester
packet will cause you to miss a large amount of important, exam-relevant material.
So, go ahead and spend the $15 to buy a new Packet.
Technical Notes About Software License Purchase
Prior Acc 200 Students. Students who are retaking Acc 200 at BYU and have previously
purchased the software in a prior semester do not have to pay the licensing fee again. However,
such students must go to www.businesslearningsoftware.com/byuretake and fill out the online
form.
How to Receive a Refund After Dropping the Course. If a student officially drops the class
after the purchase of the software license, a full refund can be received by going to
www.businesslearningsoftware.com/refund and filling out the online form.
4
Class Attendance
You are required to attend class about half of the time. These required days are labeled IN
CLASS in the detailed daily schedule given below. Required attendance means that you will
be assigned to an in-class discussion group, and you will not be given full credit for the postclass online quiz if you do not participate in the in-class activities with your discussion group.
About half of the class days are SOFTWARE days. The learning material for these days is
contained in the Acc 200 Software that you purchase online. Blackboard quizzes are used to test
your mastery of this online material. On these SOFTWARE days, you are not required to
attend class. However, your instructor will be in class on those days to give explanations and
illustrations of Software lesson material that students sometimes find difficult.
IN CLASS Days
These classes will involve casework, group discussions, debate, exercises, and other techniques
focusing on real world applications of your accounting knowledge. Before each IN CLASS day,
you will be given material (in the Packet) to study to prepare you for the discussion. Small
student groups will be created in class to facilitate these activities, and students will be required
to sit with their group during each of these class sessions. The groups will be changed for each
IN CLASS day. Your attendance at these class sessions is MANDATORY in the sense that you
do not receive full credit for the post-class Blackboard quiz if you do not attend the class session
and participate in the discussions and activities with your group. The material covered in these
IN CLASS days will make up about one half of each of the midterm exams and the final exam.
SOFTWARE Days
The Acc 200 Software is an awesome learning tool prepared by Professor Norm Nemrow, a
long-time faculty member in BYUs School of Accountancy. The Software lessons present
course material in a video lecture format with synchronized graphic displays, sample problems,
and homework problems and solutions. Although the homework problems in each lesson will not
be submitted or graded, your ultimate success on quizzes and exams will be directly correlated to
your ability to understand and do the homework problems on your own. Because homework
solutions and explanations are provided within the Software, many students are tempted to
simply refer to the solutions rather than hammering out a problem on their own. This is a serious
(sometimes fatal) mistake. The best learning takes place when students work through problems
on their own before resorting to a provided solution. You must be able to understand and do
these homework problems on your own to do well on the exams.
Help understanding the material in the Acc 200 Software is available both in class and in the
Accounting Lab. The Accounting Lab is described below. The in-class help involves a lecture
and discussion conducted in the regular classroom, at the regular meeting time immediately
preceding the due date of a Software quiz. For example, if a Software quiz is due on Tuesday
night, then the class meeting on that Tuesday will be a lecture and discussion based on the
Software material for that quiz. If a Software quiz is due on Friday, then the class meeting the
day before, on Thursday, will be used for lecture and discussion of the Software lesson material.
These in-class discussions do NOT contain any material beyond what is covered in the
Software. Instead, the in-class lecture and discussion will focus on Software lesson topics with
which students sometimes have some difficulty.
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Instructions on how to purchase, download, install, and run the Acc 200 Software
1.
Go to the website www.businesslearningsoftware.com/code. Enter Cosmo200 for the
Access code. Follow the instructions and complete the purchase using your debit or
credit card. Note: Students who do not have a debit or credit card or who have a special
textbook purchase accommodation (i.e. athletic or other scholarships) should buy their
license at the BYU Bookstore Information Desk (3rd Floor)a card with instructions for
installation and registration will be provided at that time. All other students must buy the
Software online.
2.
Upon completion of your purchase, continue to follow the website instructions to log into
the website. Once you log in, follow the directions to download and install the
application.
3.
After you install the software, open the software by double clicking the Introduction to
Accounting icon on your desktop. Click the Play Lesson icon and select the lesson
you wish to view. Before you can watch a lesson you must first download the lesson. If
you have a fast Internet connection then this download will only take a few minutes per
lesson. If you have a slow Internet connection then you have two options: (1) You can
download the lessons in the regular manner but the download will take some time. (2)
You can use the OPTIONAL Media DVD to acquire the lessons; the DVD lessons will
only work if you have purchased the software online. A Media DVD will be provided in
the Accounting Lab to all students who want one. If you have problems getting the
software to work, see the technical support instructions below.
Technical Support
If you have any questions or problems with the software, please contact technical support
by going to: www.businesslearningsoftware.com/support
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Blackboard Quizzes
We will have three types of quizzes, all to be taken in Blackboard.
IN CLASS pre-class QUIZ. The Acc 200 Packet contains material and exercises that
you need to complete before each IN CLASS day. This background material gives you a
foundation for the group activities and discussions to be held during the IN CLASS day.
To reward those who have completed this pre-class preparation, a pre-class quiz is due on
Blackboard the day before the IN CLASS day. The deadline for the pre-class quiz is
usually at 7:00 p.m.; the pre-class quizzes will be available in Blackboard at least a week
before the due date.
IN CLASS post-class QUIZ. After each IN CLASS day, you will be asked to take a quiz
based on the group activities and discussions conducted in class. Roughly half of the
points on this post-class quiz are assigned based on your report of whether you attended
the IN CLASS session, sat with your group, and actively participated in the group
activities and discussions. The deadline for the post-class quiz is typically at 7:00 p.m. on
the day after the day of the IN CLASS session; the post-class quiz will not be available
until 1:45 p.m. on the IN CLASS day.
SOFTWARE QUIZ. The Acc 200 Packet contains a detailed description of the Software
modules to be completed for each SOFTWARE day. The deadline for the Software quiz
is typically at 7:00 p.m. on the SOFTWARE day. The Software quizzes will be available
in Blackboard at least a week before the due date.
I encourage you to work together in your completion of the pre-class preparation for the IN
CLASS days, in preparation for the pre-class quiz. I also encourage you to work together in
reviewing the exercises we do in class, in preparation for the post-class quiz. Finally, some of
you will find it useful to form a study group to review the material covered in the Software
lessons. Share notes, check each others work, and collaborate in any other way that you think is
appropriate. However, once you click a Blackboard quiz link, although you can use all of your
notes, you may not consult with any earthly person. Before you take the quiz, discussing it with
someone who has already taken it is cheating and is a gross violation of BYUs Honor Code; this
is cheating by both the person receiving the quiz information and the person giving the quiz
information.
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For reasons that are too bizarre to describe, there is an interface problem between Blackboard
and Internet Explorer. This problem rears its ugly head when you take a QUIZ in
Blackboard.
Accordingly, when taking a Blackboard quiz, do NOT use Internet Explorer; use some other
browser.
By the way, you will know that you have forgotten to heed this message when you complete
your Blackboard quiz and the Submit button is covered up so that you cant submit
your quiz.
Please remember NOT to use Internet Explorer when
launching a Blackboard quiz.
I apologize for this inconvenience.
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5 Dropped Quiz Scores!!!
My grading software will drop the 5 lowest of your 37 Blackboard Quizzes. These 5 dropped
Blackboard Quizzes are intended to insulate you from the impact of any external difficulties
taking the quizzes. So, if
your sister is entering the MTC or
you stayed up late to finish a paper for another class or
you just forgot the quiz deadline or
your Internet connection went bad during the quiz or
your computer shut off during the quiz or
you mistakenly used Internet Explorer when taking the quiz or
anyone of dozens of other difficulties that prevent you from taking a quiz,
these are all included among the 5 quizzes that are dropped.
During the first part of the semester (up to Exam 1), I will allow you a second
chance to take a quiz that is unsuccessful because of a technology problem.
Technology problems are: (1) your computer dies in the middle of the quiz, (2)
your Internet connection fails in the middle of the quiz, and (3) you used Internet
Explorer when you launched the quiz, so you cant submit your answers. In order
to retake the quiz, you need to send an email IMMEDIATELY to the TAs in the
Accounting Lab at at [e-mail]. The TAs will reset the quiz link for
you. Reminder: This policy of mercy lasts only until Exam 1. By the time you
have reached Exam 1, you should have learned to manage the technology during
your Blackboard quizzes. Long experience has shown that technology
problems with Acc 200 quizzes are almost always the result of human error.
If you go ahead and successfully take all 37 quizzes, I will use my grading software to identify
your 5 lowest scores; those will be dropped in the computation of your final point total.
Writing Assignments
Sprinkled throughout the course you will be required to submit 4 short (1 page) papers. These
short papers will address a variety of current accounting-related topics. Preparation of each of the
papers will require you to personally do some accounting-related research online, at your
favorite restaurant, and in your personal financial records. A summary of the paper topics is
given below; detailed instructions will be posted in Blackboard during the course.
Paper A (due Friday, September 16) Using the SECs Web site to answer some
questions about a real companys most recent financial statements
Paper B (due Friday, October 14) The FASB and the IASB: When will the SEC switch
its support?
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Paper C (due Friday, November 11) What is the production cost of your favorite
restaurant meal?
Paper D (due Friday, December 2) Preparing a personal budget
Because of the large number of students who take Acc 200, it is not practical to grade each
submitted paper for completeness, content, grammar, and style. So, the grading is quite simple.
When you submit your paper in Blackboard, you will be asked the following question: I have
personally done the research required for this writing assignment. I have also personally written
the paper. As appropriate, I have discussed ideas with friends, family, and fellow students, but
this paper represents my own work. If you answer Yes to this question, you receive full
credit. Note: This is, after all, an accounting class, so we are big on accountability. Accordingly,
to make you accountable for your response to the question above, the Acc 200 graders will
randomly select 50 student papers to confirm that they are complete, grammatical, and
reasonable. Those unlucky students who answer Yes and yet are subsequently found to have
submitted an unsatisfactory paper will have the opportunity to meet with Professor Stice to give
an in-person explanation.
Accounting Lab
The Accounting Lab (HBLL Main Level, No Shhh! Zone, Southeast corner) will be open during
the semester from 10:00 a.m. to 10:00 p.m. (Monday through Thursday), 10:00 a.m. to 7:00 p.m.
(Friday), and 11:00 a.m. to 4:00 p.m. (Saturday). Teaching Assistants (TAs) will be in the lab to
give you needed assistance in understanding the material. The TAs will conduct formal teaching
sessions (a schedule will be posted in Blackboard), and they will also give one-on-one help. The
Accounting Lab is a valuable tool for those who find the material difficult to understand and
need additional help along the way.
Communicating with the TAs in the Accounting Lab: Please note the following:
For all matters relating to technical problems with quizzes on Blackboard, please email
the Accounting Lab TAs at [e-mail]. For example, if your Internet
connection cuts out during the middle of a quiz and you are subsequently locked out of
the quiz, email the TAs (immediately) for help. If you dont hear back from the TAs
within 24 hours, email your instructor.
Do NOT use the email function within Blackboard. These emails frequently get
sidetracked into the personal email accounts of the Accounting TAs. Instead, use the
email address ([e-mail]) that we have specifically set up for communication
between Acc 200 students and the Acc 200 TAs.
In all Acc 200-related email communications, both with the TAs and with your instructor,
please include your name and your section number. For many of you, your email
address itself communicates your name. But for some of you (and you know who you
are), your email address offers no hint about what your name is.
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Exams
There are two midterm exams and a comprehensive final exam. The exams will cover materials
from the IN CLASS days and the SOFTWARE days. All exam questions will be multiple choice.
All exams are given at the Testing Center and must be taken during the period noted in the
course schedule. You would be wise to plan your schedule to take each exam early. The Testing
Center lines can be very long for those who wait until the last minute to take a test. Students who
wait until the end of the day to take an exam are responsible for any extenuating circumstances
that may arise (stuck in traffic, etc.). Each midterm exam should take, on average, 90 minutes to
complete (with a three-hour time limit). The final exam should take, on average, two hours to
complete (with a three-hour time limit). Exam times will be rescheduled for a student only in the
following exceptional circumstances:
Extended absence because of a University-approved activity. Notice must be given to
your instructor in advance.
Serious illness. A written note from a physician is required.
Death in your immediate family.
Following each midterm exam, your instructor will conduct an evening session in which we will
spend time reviewing the exam together and answering any questions. In addition, a few exam
debrief sessions will be conducted in the Accounting Lab, by the TAs, after each exam.
Note about cheating in Acc 200
There are many ways to cheat in Acc 200 -- with the Blackboard quizzes, with the
Writing Assignments, and with the Exams. Most cheating methods require collusion with
another person. In recent years we have identified a number of students cheating in
introductory accounting classes. So that you can properly weigh the risks and rewards (if
any) of cheating, here is a description of the potential punishments for a person who
engages in serious cheating in Acc 200: (1) Failing grade in the class, (2) immediate
expulsion from all Marriott School classes, (3) restriction from taking any Marriott
School classes for one year, (4) notification of the Marriott School Admissions
Committee, and (5) referral to the BYU Honor Code Office for possible further
University action. Of course, each cheating case is dealt with individually, and students
who voluntarily confess are typically treated with more leniency. Note: These earthly
punishments are in addition to any possible heavenly implications of pre-meditated and
collusive cheating.
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Course Grading
Your grade in Acc 200 will be based on the following activities.
Points
Blackboard Quizzes (37 total, 10 points each,
5 quizzes dropped)
Writing Assignments (4 total, 20 points each)
320
80
Midterm Exam 1 (30 questions)
Midterm Exam 2 (40 questions)
Comprehensive Final Exam (56 questions)
Total
120
200
280
1,000
The point cutoffs for the various grade levels (A, A-, B+, and so forth) will be chosen to yield a
grade distribution matching that given in Acc 200 courses in prior semesters. Current
information on these point cutoffs will be announced periodically throughout the
semester.
The detailed Course Schedule, including a listing of each days in-class activities and pre-class
homework, Software lessons, and Writing Assignments, is contained in the following pages.
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Summary Course Calendar
Acc 200 Fall 2011
Class
Date
Class
Number
Class
TYPE
Tues Aug 30
01
IN CLASS
Thur Sep 1
02
IN CLASS
Tues Sep 6
03
SOFTWARE
Thur Sep 8
04
IN CLASS
Tues Sep 13
05
SOFTWARE
Thur Sep 15
06
IN CLASS
Paper A
Tues Sep 20
07
SOFTWARE
Thur Sep 22
08
SOFTWARE
Class Coverage
Quiz Dates
No quizzes!!
Introduction to Accounting!!!
Note: There is NO Quiz
Who should study accounting?
1; the quiz numbering
Why?
Brief demo of Acc 200 software starts with Quiz 2.
No PRE-class quiz
Introduction to the use of
accounting information to make
POST-class quiz
decisions
Quiz 2
FRI Sep 2, 7:00 p.m.
Starting a business, the financial Software study quiz
Quiz 3
statements, and an introduction to
Tues Sep 6, 7:00 p.m.
transaction analysis
Understanding the balance sheet PRE-class quiz
Quiz 4a
Wed Sep 7, 7:00 p.m.
POST-class quiz
Quiz 4b
FRI Sep 9, 7:00 p.m.
Software study quiz
More transaction analysis, the
income statement, and the expanded Quiz 5
Tues Sep 13, 7:00 p.m.
accounting equation
PRE-class quiz
Understanding the income
Quiz 6a
statement
Wed Sep 14, 7:00 p.m.
POST-class quiz
Quiz 6b
FRI Sep 16, 7:00 p.m.
Submit Paper A in
Using the SECs Web site to
Blackboard
answer some questions about a real
companys most recent financial
by FRI Sep 16
statements
at 10:00 p.m.
The Accounting Cycle: Journal Software study quiz
Quiz 7
entries, posting, trial balance, and
Tues Sep 20, 7:00 p.m.
the financial statements
Software study quiz
Accrual basis accounting and
Quiz 8
adjusting entries
FRI Sep 23, 7:00 p.m.
13
Tues Sep 27
09
IN CLASS
Thur Sep 29
10
OPTIONAL
Exam 1
Tues Oct 4
11
IN CLASS
Earnings management and the
credibility of the financial statements
Exam 1 in-class review session
Exam 1 covers everything discussed in
class as well as everything covered out
of class (in either the Software or the
Packet) for Class 01 through Class 10.
Revenue recognition and
accounting for bad debts
PRE-class quiz
Quiz 9a
Mon Sep 26, 7:00 p.m.
POST-class quiz
Quiz 9b
Wed Sep 28, 7:00 p.m.
No quizzes!!
Exam 1 is available in
the Testing Center
From: Wed, Sep
28 8:00 a.m.
To: Fri, Sep 30,
noon p.m. for FREE
OR
To: Mon, Oct 3,
noon with LATE
FEE
PRE-class quiz
Quiz 11a
Mon Oct 3,
11:00 p.m.
Thur Oct 6
12
SOFTWARE
Tues Oct 11
13
IN CLASS
Thur Oct 13
14
SOFTWARE
Accounting for long-term assets
The FASB and the IASB: When
will the SEC switch its support?
Paper B
Inventory
Compensation + Internal
Control
POST-class quiz
Quiz 11b
Wed Oct 5, 7:00 p.m.
Software study quiz
Quiz 12
FRI Oct 7, 7:00 p.m.
PRE-class quiz
Quiz 13a
Mon Oct 10, 7:00 p.m.
POST-class quiz
Quiz 13b
Wed Oct 12, 7:00 p.m.
Software study quiz
Quiz #14
Thur Oct 13, 7:00 p.m.
Submit Paper B in
Blackboard
by Fri Oct 14
at 10:00 p.m.
14
Tues Oct 18
15
IN CLASS
Thur Oct 20
16
SOFTWARE
Financial analysis
Tues Oct 25
17
IN CLASS
Application of financial
statement analysis
Thur Oct 27
18
OPTIONAL
Exam 2 in-class review session
Exam 2 covers everything discussed in
class as well as everything covered out
of class (in either the Software or the
Packet) for Class 11 through Class 18.
Exam 2
Tues Nov 1
19
IN CLASS
Mortgages, bonds, loan
covenants, and off-balance-sheet
financing
Income tax planning and stock
market investing
PRE-class quiz
Quiz 15a
Mon Oct 17, 7:00 p.m.
POST-class quiz
Quiz 15b
Wed Oct 19, 7:00 p.m.
Software study quiz
Quiz 16
FRI Oct 21, 7:00 p.m.
PRE-class quiz
Quiz 17a
Mon Oct 24, 7:00 p.m.
POST-class quiz
Quiz 17b
Wed Oct 26, 7:00 p.m.
No quizzes!!
Exam 2 is available in
the Testing Center
From: Wed, Oct
26 8:00 a.m.
To: Fri, Oct 28,
noon p.m. for FREE
OR
To: Mon, Oct
31, noon with LATE
FEE
PRE-class quiz
Quiz 19a
Mon Oct 31,
11:00 p.m.
Thur Nov 3
20
SOFTWARE
Tues Nov 8
21
IN CLASS
Thur Nov 10
22
SOFTWARE
Product costing
Product Costing: The Problem
of Overhead
Cost-Volume-Profit analysis
POST-class quiz
Quiz 19b
Wed Nov 2, 7:00 p.m.
Software study quiz
Quiz 20
FRI Nov 4, 7:00 p.m.
PRE-class quiz
Quiz 21a
Mon Nov 7, 7:00 p.m.
POST-class quiz
Quiz 21b
Wed Nov 9, 7:00 p.m.
Software study quiz
Quiz 22
15
Paper C
Tues Nov 15
23
IN CLASS
Thur Nov 17
24
SOFTWARE
Tues Nov 29
25
IN CLASS
Thur Dec 1
26
SOFTWARE
Paper D
Tues Dec 6
27
IN CLASS
Thur Dec 8
28
IN CLASS
Comprehensive
Final
Exam
Thur Nov 10, 7:00 p.m.
Submit Paper C in
What is the production cost of
Blackboard
your favorite restaurant meal?
by Fri Nov 11
at 10:00 p.m.
Insights from fixed and variable PRE-class quiz
Quiz 23a
costs
Mon Nov 14, 7:00 p.m.
POST-class quiz
Quiz 23b
Wed Nov 16, 7:00 p.m.
Software study quiz
Budgeting
Quiz 24
FRI Nov 18, 7:00
p.m.
PRE-class quiz
Budgeting: The power of
Quiz 25a
simple numerical planning
Mon Nov 28, 7:00 p.m.
POST-class quiz
Quiz 25b
Wed Nov 30, 7:00 p.m.
Software study quiz
Differential costs and decision
Quiz 26
making
Thur 1, Dec 7:00 p.m.
Submit Paper D in
Preparing a personal budget
Blackboard
by Fri Dec 2
at 10:00 p.m.
Performance evaluation and the PRE-class quiz
Quiz 27a
Balanced Scorecard
Mon Dec 5, 7:00 p.m.
POST-class quiz
Quiz 27b
Wed Dec 7, 7:00 p.m.
PRE-class quiz
Spiritual dimensions of career,
No quiz!!
family, and financial decisions
POST-class quiz
Quiz 28
Thur Dec 8, 7:00 p.m.
The Comprehensive Final Exam covers Final Exam is available
everything discussed in class as well as in the Testing Center
everything covered out of class (in
From: Mon, Dec
either the Software or the Packet) for
12 8:00 a.m.
Class 01 through Class 28.
To: Fri, Dec 16,
closing time
16
Exam, Quiz, and Paper Summaries and Due Dates
Acc 200 Fall 2011
Quiz
Date
QUIZ
Number
Fri Sep 2
2
Tues Sep 6
3
Wed Sep 7
4a
Fri Sep 9
4b
Tues Sep 13
5
Wed Sep 14
6a
Fri Sep 16
6b
Quiz
TYPE
POST-class
quiz for Class
02
Quiz Dates and Times
Summary of Quiz Coverage
In-class activities conducted
during Class 02 (Introduction to the
use of accounting information to
make decisions)
Software study
Assigned modules from
quiz for Class
Software Lesson 1 and Lesson 2
03
(Starting a business, the financial
statements, and an introduction to
transaction analysis)
PRE-class quiz
Pre-class reading for Class 04
for Class 04
(Understanding the balance sheet)
POST-class
In-class activities conducted
quiz for Class
during Class 04
04
Software study
quiz for Class
05
Assigned modules from
Software Lesson 2 (More
transaction analysis, the income
statement, and the expanded
accounting equation)
PRE-class quiz
Pre-class reading for Class 06
for Class 06
(Understanding the income
statement)
POST-class
In-class activities conducted
quiz for Class
during Class 06
(you must LAUNCH the quiz
link by the time indicated)
FRI Sep 2, 7:00 p.m.
Tues Sep 6, 7:00 p.m.
Wed Sep 7, 7:00 p.m.
FRI Sep 9, 7:00 p.m.
Tues Sep 13, 7:00 p.m.
Wed Sep 14, 7:00 p.m.
FRI Sep 16, 7:00 p.m.
06
Fri Sep 16
Paper A
Tues Sep 20
7
Fri Sep 23
8
Mon Sep 26
9a
Using the SECs Web site to
answer some questions about a real
companys most recent financial
statements
Software study
Assigned modules from
quiz for Class
Software Lesson 3 (The Accounting
07
Cycle: Journal entries, posting, trial
balance, and the financial
statements)
Software study
Assigned modules from
quiz for Class
Software Lesson 4 (Accrual basis
08
accounting and adjusting entries)
PRE-class quiz
Pre-class reading for Class 09
for Class 09
(Earnings management and the
FRI Sep 16, 10:00
p.m.
Tues Sep 20, 7:00 p.m.
FRI Sep 23, 7:00 p.m.
Mon Sep 26, 7:00 p.m.
17
Wed Sep 28
9b
POST-class
quiz for Class
09
Exam 1
Starts Wed, Sep 28
Ends Mon, Oct 3 (noon)
Mon Oct 3
11a
Wed Oct 5
11b
Fri Oct 7
12
Mon Oct 10
13a
Wed Oct 12
13b
Thur Oct 13
14
Fri Oct 14
PRE-class quiz
for Class 11
POST-class
quiz for Class
11
Software study
quiz for Class
12
PRE-class quiz
for Class 13
POST-class
quiz for Class
13
Software study
quiz for Class
14
Paper B
Mon Oct 17
15a
PRE-class quiz
for Class 15
Wed Oct 19
15b
Fri Oct 21
16
POST-class
quiz for Class
15
Software study
quiz for Class
16
Mon Oct 24
17a
Wed Oct 26
17b
credibility of the financial
statements)
In-class activities conducted
during Class 09
Exam 1 covers everything discussed in
class as well as everything covered out
of class (in either the Software or the
Packet) for Class 01 through Class 10.
Pre-class reading for Class 11
(Revenue recognition and
accounting for bad debts)
In-class activities conducted
during Class 11
Assigned modules from
Software Lesson 6 (Inventory)
Exam 1 is available in
the Testing Center
From: Wed, Sep
28 8:00 a.m.
To: Fri, Sep 30,
noon p.m. for FREE
OR
To: Mon, Oct 3,
noon with LATE
FEE
Mon Oct 3,
11:00 p.m.
Wed Oct 5, 7:00 p.m.
FRI Oct 7, 7:00 p.m.
Pre-class reading for Class 13
(Compensation + Internal Control)
In-class activities conducted
during Class 13
Mon Oct 10, 7:00 p.m.
Thur Oct 13, 7:00 p.m.
Assigned modules from
Software Lesson 8 (Accounting for
long-term assets)
The FASB and the IASB: When
will the SEC switch its support?
Pre-class reading for Class 15
(Mortgages, bonds, loan covenants,
and off-balance-sheet financing)
In-class activities conducted
during Class 15
Assigned modules from
Software Lesson 10 (Financial
analysis)
PRE-class quiz
Pre-class reading for Class 17
for Class 17
(Application of financial statement
analysis)
POST-class
In-class activities conducted
quiz for Class
Wed Sep 28, 7:00 p.m.
Wed Oct 12, 7:00 p.m.
FRI Oct 14, 10:00
p.m.
Mon Oct 17, 7:00 p.m.
Wed Oct 19, 7:00 p.m.
FRI Oct 21, 7:00 p.m.
Mon Oct 24, 7:00 p.m.
Wed Oct 26, 7:00 p.m.
18
17
during Class 17
19
Exam 2
Starts Wed, Oct 26
Ends Mon, Oct 31 (noon)
Mon Oct 31
19a
Wed Nov 2
19b
Fri Nov 4
20
Mon Nov 7
21a
Wed Nov 9
21b
Thur Nov 10
22
Fri Nov 11
PRE-class quiz
for Class 19
POST-class
quiz for Class
19
Software study
quiz for Class
20
21
Software study
quiz for Class
22
Mon Nov 14
23a
PRE-class quiz
for Class 23
Wed Nov 16
23b
Fri Nov 18
24
POST-class
quiz for Class
23
Software study
quiz for Class
24
PRE-class quiz
for Class 25
25a
Wed Nov 30
25b
Pre-class reading for Class 19
(Income tax planning and stock
market investing)
In-class activities conducted
during Class 19
Assigned modules from
Software Lesson 11 and Lesson 12
(Product costing)
PRE-class quiz
Pre-class reading for Class 21
for Class 21
(Product Costing: The Problem of
Overhead)
POST-class
In-class activities conducted
quiz for Class
during Class 21
Paper C
Mon Nov 28
Exam 2 covers everything discussed in
class as well as everything covered out
of class (in either the Software or the
Packet) for Class 11 through Class 18.
POST-class
quiz for Class
25
Assigned modules from
Software Lesson 13 (Cost-volumeprofit analysis)
What is the production cost of
your favorite restaurant meal?
Pre-class reading for Class 23
(Insights from fixed and variable
costs)
In-class activities conducted
during Class 23
Assigned modules from
Software Lesson 14 (Budgeting)
Pre-class reading for Class 25
(Budgeting: The power of simple
numerical planning)
In-class activities conducted
during Class 25
Exam 2 is available in
the Testing Center
From: Wed, Oct
26 8:00 a.m.
To: Fri, Oct 28,
noon p.m. for FREE
OR
To: Mon, Oct
31, noon with LATE
FEE
Mon Oct 31,
11:00 p.m.
Wed Nov 2, 7:00 p.m.
FRI Nov 4, 7:00 p.m.
Mon Nov 7, 7:00 p.m.
Wed Nov 9, 7:00 p.m.
Thur Nov 10, 7:00 p.m.
FRI Nov 11, 10:00
p.m.
Mon Nov 14, 7:00 p.m.
Wed Nov 16, 7:00 p.m.
FRI Nov 18, 7:00
p.m.
Mon Nov 28, 7:00 p.m.
Wed Nov 30, 7:00 p.m.
20
Thur Dec 1
26
Fri Dec 2
Software study
quiz for Class
26
Paper D
Mon Dec 5
27a
PRE-class quiz
for Class 27
Wed Dec 7
27b
Thur Dec 8
28
POST-class
quiz for Class
27
POST-class
quiz for Class
28
Comprehensive
Final
Exam
Starts Mon, Dec 12
Ends Fri, Dec 16 (closing)
Assigned modules from
Software Lesson 15 (Differential
costs and decision making)
Preparing a personal budget
Pre-class reading for Class 27
(Performance evaluation and the
Balanced Scorecard)
In-class activities conducted
during Class 27
Thur Dec 1, 7:00 p.m.
FRI Dec 2, 10:00
p.m.
Mon Dec 5, 7:00 p.m.
Wed Dec 7, 7:00 p.m.
Thur Dec 8, 7:00 p.m.
In-class activities conducted
during Class 28 (Spiritual
dimensions of career, family, and
financial decisions)
The Comprehensive Final Exam covers Final Exam is available
everything discussed in class as well as in the Testing Center
everything covered out of class (in
From: Mon, Dec
either the Software or the Packet) for
12 8:00 a.m.
Class 01 through Class 28.
To: Fri, Dec 16,
closing time
21
Quiz Coverage Details
Acc 200 Fall 2011
QUIZ
Number
2
3
Quiz
TYPE
Summary of Quiz Coverage
What do I need in order to duplicate Wal-Mart?
Is Wal-Mart making any money?
Should I loan $10 billion to Exxon Mobil?
How much does it cost Ford to make one car?
Should I open a Russian restaurant in Provo?
Software study Quiz 3 covers material from Class 03, a SOFTWARE class day.
quiz for Class
Work through the following modules in Norms Software Lesson 1.
03
What is a Business? [Starts with Slide 1 on Page 1-1]
POST-class
quiz for Class
02
Keys to a Successful Business
Debt vs. Equity Financing
Equity Financing
Financial vs. Managerial Accounting
General Purpose Financial Statements
Brief Review
Characteristics of Useful Information
Importance of Comparable Information
The Role of GAAP [Ends with Slide 15 on Page 1-3]
SKIP 4 MODULES (SEC & AICPA, FASB, International GAAP, Importance
of Credible Information)
Problem #1 Questions and Walk Through [Slides 33-35 on Page 1-7 #2
(there are 2 pages numbered 1-7; you are looking for the second one) ]
SKIP Problem #2
SKIP Problem #3
Lesson Review [Slide 29 on Page 1-5]
SKIP 2 MODULES (CPAs, Accounting Education)
Legal Forms of Business Ownership [Starts with Slide 33 on Page 1-6]
Proprietorship
Partnership
Corporation
Corporate Governance
Business is Good! [Ends with Slide 40 on Page 1-7#1]
Work through the following modules in Norms Software Lesson 2.
Introduction to Financial Statements [Starts with Slide 1 on Page 2-1]
The Balance Sheet
Assets Defined
Liabilities Defined
Owners Equity Defined
Stephens Sweet Shop
22
4a
4b
5
Problem #4 Questions and Walk Through [Ends with Slide 15 on Page 2-3]
Look in the Packet!
Detailed descriptions of the major assets, liabilities, and equities
Two practice problems in constructing a simple balance sheet
POST-class
Play a game, based on real company data, to review key balance sheet
quiz for Class
terms
04
Use balance sheet numbers to deduce a companys industry
Determine the amount at which Land should be reported in the balance
sheet
Where does a company end and the owners home begin?
Answer questions based on Coca-Colas balance sheet
Software study Quiz 5 covers material from Class 05, a SOFTWARE class day.
quiz for Class
Work through the following modules in Norms Software Lesson 2.
05
The Income Statement [Starts with Slide 16 on Page 2-3]
Revenues Defined
Expenses Defined
PRE-class quiz
for Class 04
6a
PRE-class quiz
for Class 06
6b
POST-class
quiz for Class
06
Problem #5 Questions and Walk Through
Expanded Equation
Problem #6 Questions and Walk Through
Problem #7 Questions and Walk Through
Relationship of Statements
Financial Statement Formats
Balance Sheet
Retained Earnings
Income Statement
Statement of Cash Flows
Problem #8 Questions and Walk Through [Ends with Slide 43 on Page 2-8]
Look in the Packet!
The concept of accrual accounting
Descriptions of the major revenue and expense items in the income
statement
Descriptions of different measure of income
The single-step and the multiple-step formats for an income statement
Play a game, based on real company data, to review key income
statement terms
Use income statement numbers to deduce a companys industry
Compare measures of economic performance: Net Income vs. Cash Flow
23
7
Software study
quiz for Class
07
Quiz 7 covers material from Class 07, a SOFTWARE class day.
Work through the following modules in Norms Software Lesson 3.
Lesson Introduction [Starts and Ends with Slide 2 on Page 3-1]
SKIP 4 MODULES (Asset Valuation, Historical Cost, Monetary
Measurement, Entity Concept)
An Accounting System [Starts with Slide 10 on Page 3-2]
The First Three Steps
Debits & Credits
Journal Entry Examples (A through E)
Banks Perspective on Cash
(continued) Journal Entry Examples (F through J)
Payment of a Liability vs. Expense (Example J)
Problem #9 Questions and Walk Through
Posting to the General Ledger
Problem #10 Questions and Walk Through
Trial Balance: What and Why?
Problem #11 Questions and Walk Through
Preparing the Financial Statements
o Income Statement
o Statement of Retained Earnings
o Balance Sheet
Problem #12 Questions and Walk Through
Lesson Summary [Ends with final Slide on Page 3-10 (this is the second
slide numbered with a 54; the first one is on Page 3-9)]
24
8
Software study
quiz for Class
08
Quiz 8 covers material from Class 08, a SOFTWARE class day.
Work through the following modules in Norms Software Lesson 4.
Introduction to Lesson [Starts with Slide 2 on Page 4-1]
Common Ending Account Balances
Problem #13 Questions and Walk Through
The Steps of an Accounting System
Accrual Basis Accounting
Revenue Recognition
Matching Principle
Accrual vs. Cash Basis Example
Adjusting Entries
Prepaid Expense Examples
Problem #14 Questions and Walk Through
Unearned Revenue Examples
Problem #15 Questions and Walk Through
Unrecorded Expenses & Revenues
Problem #16 Questions and Walk Through
Closing Entries
Real vs. Nominal Accounts
Closing Entry Example
Problem #17 Questions and Walk Through
Computerized Accounting Systems [Ends with Slide 52 on Page 4-9]
SKIP the remainder of this lesson (starting with Account Analysis Examples
and continuing through Problem #18 and Problem #19)
9a
PRE-class quiz
for Class 09
9b
POST-class
quiz for Class
09
Look in the Packet!
Motivations to manage earnings
Techniques for managing earnings
Should a company manage its earnings?
Good accounting lowers the cost of doing business.
The role of the external auditor
Use of accounting data
Evaluation of managers
Credit analysis
Valuation
Earnings management mini-cases
Earnings-based bonus plan
Earnings just below zero
Income smoothing
Avoiding political scrutiny
Does it pay to lie?
Classic fraud examples
ZZZZ Best
The Great Salad Oil Swindle
25
11a
11b
12
13a
PRE-class quiz
for Class 11
Look in the Packet!
Revenue recognition
Analyzing the decision to sell on credit
Accounting for bad debts
POST-class
Revenue recognition: An extreme example, 14 years from start to finish
quiz for Class
The company and the auditor: Reconciling two different bad debt
11
estimates
What does an auditor actually do?
Software study Quiz 12 covers material from Class 12, a SOFTWARE class day.
quiz for Class
Work through the following modules in Norms Software Lesson 6.
12
Perpetual Inventory Accounting [Starts with Slide 2 on Page 6-1]
PRE-class quiz
for Class 13
Purchase Discounts & Returns
Problem #25 Questions and Walk Through
Inventory Cost Flows
Specific Identification Example
LIFO, FIFO, MWA Examples
Comparison of Methods
Problem #26 Questions and Walk Through
Effects of Inflation
Effects of Deflation
LIFO vs. FIFO Examples
Problem #27 Questions and Walk Through [Ends with Slide 25 on Page 65]
SKIP 3 MODULES (FIFO Application, LIFO Application, MWA Application)
SKIP Problem #28
Physical Inventory [Starts and Ends with Slides 38, 39, and 40 on Page 6-7]
Look in the Packet!
Compensation
Internal Control. Complete the Internal Control module from Acc 200
Software Lesson 7.
SKIP all modules from Lesson Introduction through Other Operating
Expenses
13b
POST-class
quiz for Class
13
Internal Controls [Starts with Slide 14 on Page 7-3]
Problem #31 Questions and Walk Through [Starts with Slide 19 on Page 7-4]
Computing the total compensation of Eunice Burns, assistant professor
of phrenology at the University of Winnemucca
Did the accounting for retiree healthcare help kill the old General
Motors?
The Fraud Triangle
Design an internal control system to protect cash in a small business
26
14
15a
Software study
quiz for Class
14
PRE-class quiz
for Class 15
Quiz 14 covers material from Class 14, a SOFTWARE class day.
Work through the following modules in Norms Software Lesson 8.
[Note: This quiz covers ALL of the modules in Software Lesson 8; dont
SKIP anything.]
Introduction to Long-Term Assets [Starts with Slide 2 on Page 8-1]
Capitalized Costs vs. Expenses
Long-Term Assets Identified
Accounting for Operating Assets
Acquisition
Depreciation Expense
Straight-Line Depreciation
Partial-Year Depreciation
Units of Production Depreciation
Subsidiary Ledger for Equipment
Repairs, Maintenance, Improvements
Sale or Disposal
Problem #32 Questions and Walk Through
Problem #33 Questions and Walk Through
Intangible Assets
Goodwill
Natural Resources
Problem #34 Questions and Walk Through [Ends with Slide 48 on Page 8-8]
Quiz 15a covers pre-class preparation from the Acc 200 Software modules
described below. Note: This is NOT a SOFTWARE class day; you need to come
to class. However, instead of preparing for the pre-class quiz using written
material in the packet, you will instead work through selected Software
modules.
Work through the following modules in Norms Software Lesson 9.
Lesson Introduction [Starts with Slide 2 on Page 9-1]
Long Term Liabilities
Notes Payable
Problem #35 Questions and Walk Through
Introduction to Mortgage Notes Payable
Characteristics of a Mortgage Note
Accounting for Mortgage Note
Mortgage Amortization Schedule
Building Equity in Real Estate
Problem #36 Questions and Walk Through [Ends with Slide 29 on Page 95]
SKIP the remainder of the lesson, from Bonds Payable through Lesson
Summary
15b
POST-class
quiz for Class
15
What is a bond?
Accounting for bonds
Use of accounting numbers in loan covenants
Off-balance-sheet financing: Enron, Coca-Cola, and The Gap
27
16
Software study
quiz for Class
16
Quiz 16 covers material from Class 16, a SOFTWARE class day.
Work through the following modules in Norms Software Lesson 10.
Introduction to Financial Analysis [Starts with Slide 2 on Page 10-1]
Measures of Liquidity
Current Ratio [Ends with Slide 7 on Page 10-2]
SKIP Acid Test (Quick) Ratio
SKIP Additional Analysis
Measures of Leverage [Starts with Slide 10 on Page 10-2]
Debt Ratio
Debt to Equity Ratio
Risks and Rewards of Leverage [Ends with Slide 12 on Page 10-2]
SKIP Calculating Percentage Increases
Financing Asset Growth [Starts with Slide 13 on Page 10-3]
Measures of Management
Accounts Receivable Turnover
Days Sales in Accounts Receivable
Analysis
Inventory Turnover
Days Sales in Inventory
Analysis
Measure of Profitability
Earnings Per Share
Measures of Stock Value
Book Value Per Share
General Discussion
Price Earnings Ratio [Ends with Slide 26 on Page 10-5]
SKIP Forecasting Earnings
SKIP Vertical Analysis
Problem #42 Selected Questions and Walk Through [Starts with Slide 29
on Page 10-5]
Part A (current ratio ONLY)
SKIP Part B [SKIP Slide 34 on Page 10-6]
Part C
Problem #43 Questions and Walk Through
Problem #44 Questions and Walk Through [Ends with Slide 51 on Page
10-9]
SKIP Problem #45 (Vertical Analysis)
Wrap Up
28
17a
17b
19a
19b
PRE-class quiz
for Class 17
Look in the Packet!
Purpose of financial statement analysis
Review of common financial ratios
Common-size financial statements
DuPont framework
Potential pitfalls of financial statement analysis
POST-class
Using basic financial ratios to analyze the airline industry in China
quiz for Class
Application of the DuPont Framework
17
Using financial accounting multiples to understand the values of the
large telecommunications companies in China
PRE-class quiz Look in the Packet!
for Class 19
Traditional IRAs and Roth IRAs
401(k) plans
Investment schemes, including 12daily Pro and Bernie Madoff
Actively-managed funds and index funds
Dave Ramseys Baby Step #1
POST-class
The basics of income tax systems
quiz for Class
Deferral of payment of income taxes: IRAs and 401(k) plans
19
Can you use financial statement analysis to pick stocks?
The Stice Family Experiment in picking stocks
Mutual funds: Managed funds and index funds
Get-rich-quick schemes
29
20
Software study
quiz for Class
20
Quiz 20 covers material from Class 20, a SOFTWARE class day.
Work through the following modules in Norms Software Lessons 11
and 12.
Lesson 11 [Note: This quiz covers ALL of the modules in Software Lesson 11;
dont SKIP anything.]
Introduction to Managerial Accounting [Starts with Slide 2 on Page 11-1]
Problem #46 Questions and Walk Through
Product vs. Period Costs
Merchandising Business
Manufacturing Business
Stages of Product Costs
Overview of Manufacturing Facility
Statement Presentation
Product #47 Questions and Walk Through
Lesson Summary [Ends with Slide 23 on Page 11-4]
Lesson 12
Importance of Knowing Your Costs [Starts with Slide 2 on Page 12-1]
Cost Accumulation Methods
Process Cost Methods
Job Order Cost Method
Problem #48 Questions and Walk Through
Job Order Cost Example
Job Cost Record
Flow of Costs [Ends with Slide 10 on Page 12-2]
SKIP Basic Journal Entries
SKIP Raw Materials Purchase
SKIP Direct Materials Requisition
SKIP Direct Labor Incurred
DO!!! Indirect Materials Requisition [Do Slide 16 on Page
12-3]
SKIP Miscellaneous Direct Materials
SKIP Other Overhead Costs
DO!!! Application of Overhead [Starts with Slide 19 on
Page 12-4]
DO!!! Predetermined Overhead Rates [Ends with Slide
24 on Page 12-4]
SKIP Completed Production
SKIP Sale of the Product
DO!!!Closing Manufacturing Overhead [Starts with Slide 26
on Page 12-5]
Problem #49 Questions and Walk Through
Problem #50 Questions and Walk Through
Problem #51 Questions and Walk Through [Ends with Slide 34 on Page
30
12-6]
SKIP Problem #52
Lesson Summary
21a
21b
22
PRE-class quiz
for Class 21
Look in the Packet!
More product costing practice problems
Lily Ice Cream Company: An Example of ABC Analysis
POST-class
Pricing an order for wedding announcements
quiz for Class
Is the retail price of a gallon of gas too low?
21
Should Professor Stice be charged a lower price when he travels alone
compared to when he travels with Ramona and The Babies?
What drives overhead costs at Boeing?
Lilys Ice Cream Company and Activity-Based Costing (ABC)
Software study Quiz 22 covers material from Class 22, a SOFTWARE class day.
quiz for Class
Work through the following modules in Norms Software Lesson 13.
22
Lesson Introduction [Starts with Slide 2 on Page 13-1]
23a
Variable Costs Defined
Relevant Range
Fixed Costs Defined
Stepped Costs
Mixed Costs [Ends with Slide 12 on Page 13-2]
SKIP Mixed Costs Analysis
SKIP Scattergraph Method
SKIP High-Low Method
Approaches to CVP Analysis [Starts with Slide 19 on Page 13-4]
Graphical Approach
Equational Approach
Profit & Loss with Changing Volume
Problem #53 Questions and Walk Through [Ends with Slide 23 on Page
13-4]
SKIP Problem #54 Questions and Walk Through
Problem #55 Questions and Walk Through [Starts with Slide 28 on Page
13-5]
Contribution Margin Defined
CVP Analysis
CVP Expanded Equation
CVP Application Examples
Problem #56 Questions and Walk Through [Ends with Slide 42 on Page
13-7]
SKIP Problem #57 Questions and Walk Through
SKIP Introduction to Feasibility Study
SKIP Problem #58 Questions and Walk Through
PRE-class quiz Quiz 23a covers preparation material for Class 23, an IN-CLASS class day.
for Class 23
Work through the following modules in Norms Software Lesson 13.
Problem #57 Questions and Walk Through [Starts with Slide 43 on Page
13-8]
31
Introduction to Feasibility Study
Problem #58 Questions and Walk Through [Ends with Slide 59 on Page
13-10]
32
23b
24
POST-class
quiz for Class
23
Ramonas Charity Banquet: Did Anyone Do the Breakeven Calculation?
The Danger of Fixed Costs
o
The General Motors Jobs Bank
o
Y2K and Emergency Preparedness
The cost of running Acc 200 in the Fall compared to the Spring
Five airlines in China
How many customers must visit McDonalds every hour for breakeven?
Opening a Russian restaurant in Provo
Software study Quiz 24 covers material from Class 24, a SOFTWARE class day.
quiz for Class
Work through the following modules in Norms Software Lesson 14.
24
Business Planning [Starts with Slide 2 on Page 14-1]
25a
25b
Personal Budgeting
Benefits of Family Budgeting
Benefits of Business Budgeting
Initial Steps in Budget Preparation
Sequencing of a Budget
Example Operating Budget
Sales Budget
Production Budget
Direct Materials Budget
Direct Labor Budget
Cash Flow Budget
Problem #59 Questions and Walk Through
Problem #60 Questions and Walk Through
Introduction to Heavenly Molds Budgets
Problem #61 Questions and Walk Through [Ends with Slide 27 on Page
14-5]
SKIP Problem #62 Questions and Walk Through
SKIP Problem #63 Questions and Walk Through
PRE-class quiz Look in the Packet!
for Class 25
More practice with a cash budget
Pro-forma income statement and balance sheet
Budget of the United States federal government (not the whole thing!!)
Free advice from the prophets of God (www.providentliving.org)
POST-class
Budgeting: A Quadrant II Activity
quiz for Class
The Budget of the United States federal government
25
Planning, control, and evaluation using a multi-month cash budget
Using proforma financial statements in planning
Almas Advice on Finances
33
26
Software study
quiz for Class
26
Quiz 26 covers material from Class 26, a SOFTWARE class day.
Work through the following modules in Norms Software Lesson 15.
Introduction to Lesson [Starts with Slide 2 on Page 15-1]
Relevant Costs & Revenues
Fly vs. Drive Example
Make vs. Buy
Discontinue vs. Add
Special Orders [Ends with Slide 12 on Page 15-2]
SKIP Product Emphasis
SKIP Further Processing
Problem #64 Questions and Walk Through [Starts with Slide 18 on Page
15-3 and then Ends with Slide 19 on Page 15-4]
SKIP Problem #65 Questions and Walk Through
Heavenly Molds, Continued [Starts with Slide 22 on Page 15-4]
Problem #66 Questions and Walk Through
Problem #67 Questions and Walk Through [Ends with Slide 34 on Page
15-6]
SKIP Problem #68 Questions and Walk Through
Course Summary
27a
PRE-class quiz
for Class 27
27b
POST-class
quiz for Class
27
n/a
NO pre-class
quiz for Class
28
28
POST-class
quiz for Class
28
Look in the Packet!
Mission statements
The Balanced Scorecard (adapted from the writings of Professor Monte
Swain)
Swift Transportation case
Are mission statements part of accounting?
Gibbs Optometry: Potential impact of a Balanced Scorecard
You are the bishop: Using a Balanced Scorecard in an LDS ward
Swift Transportation: The 8 Key Measures
Your personal Balanced Scorecard
Look in the Packet!
There is NO PRE-CLASS QUIZ for Class 28, but please read the following
three articles (contained in the Packet) before coming to class.
Neal A. Maxwell, "The Tugs and Pulls of the World," Ensign, Nov. 2000
Neal A. Maxwell, "Insights from My Life," Ensign, Aug. 2000, (Excerpt)
Joe J. Christensen, "Greed, Selfishness, and Overindulgence," Ensign, May
1999
Gathering data and structuring a decision: Buy or Rent?
Making sure that your priorities are right