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Graduate Course Proposal Form Submission Detail - ACG6026
Tracking Number - 2715

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Current Status: Approved, Permanent Archive - 2012-03-26
Campus: Tampa
Submission Type: New
Course Change Information (for course changes only):
Comments: to GC 2/6/12 (for Grad Cert). Appd. To GC 2/20/12. to USF Sys 2/20/12. to SCNS 2/28/12. Appd Eff 4/15/12

Detail Information

  1. Date & Time Submitted: 2012-01-20
  2. Department: Business Administration
  3. College: BA
  4. Budget Account Number: 1414.0000
  5. Contact Person: Paul Solomon
  6. Phone: 8139745995
  7. Email:
  8. Prefix: ACG
  9. Number: 6026
  10. Full Title: Accounting Concepts for Managers
  11. Credit Hours: 3
  12. Section Type: C - Class Lecture (Primarily)
  13. Is the course title variable?: N
  14. Is a permit required for registration?: N
  15. Are the credit hours variable?: N
  16. Is this course repeatable?:
  17. If repeatable, how many times?: 0
  18. Abbreviated Title (30 characters maximum): Accounting Concepts
  19. Course Online?: C - Face-to-face (0% online)
  20. Percentage Online: 100
  21. Grading Option: R - Regular
  22. Prerequisites:
  23. Corequisites:
  24. Course Description: A graduate level introduction to the role of accounting information in the decisions of internal and external users of financial information and statements; requires admission to the Certificate in Business Foundations.

  25. Please briefly explain why it is necessary and/or desirable to add this course: Needed for new program/concentration/certificate
  26. What is the need or demand for this course? (Indicate if this course is part of a required sequence in the major.) What other programs would this course service? The three credit course Accounting Concepts for Managers is a required course in the Certificate in the Foundations of Business. This course will fulfill accounting requirements for non-business majors previously served by two separate two credit hour accounting courses, ACG 6025 Financial Accounting for Managers (fall 2011 enrollment of 80 students, spring 2012 enrollment of 67 students) and ACG 6075 Management Accounting and Control (fall 2011 enrollment of 47 students, spring 2012 enrollment of 62 students.)
  27. Has this course been offered as Selected Topics/Experimental Topics course? If yes, how many times? No
  28. What qualifications for training and/or experience are necessary to teach this course? (List minimum qualifications for the instructor.) Terminal degree in Accounting or a closely-related field.
  29. Objectives: The objective of the financial accounting component of the course is to introduce students to the regulatory environment in which accounting exists, the accounting process, the basic financial statements (i.e. the Balance Sheet, Income Statement, Statement of Retained Earnings, Statement of Cash Flows), and to explore how capital market participants use the statements to make decisions. The objective of the managerial accounting component of the course is to provide an introduction to how accounting information is generated and used by managers for planning, controlling, and evaluating business performance.
  30. Learning Outcomes: Students who complete the requirements for Accounting Concepts should be able to:

    • Describe the regulatory environment in which financial valuation, presentation/reporting and disclosure choices are made

    • Explain how capital markets participants use the information provided in financial statements to make decisions

    • Demonstrate an understanding of the accounting process

    • Explain the relationships among the basic financial statements (Balance Sheet Income Statement, Statement of Retained Earnings, Statement of Cash Flows)

    • Explain the differences among audited, reviewed, and compiles financial statements

    • Contrast financial and managerial accounting

    • Identify and explain basic cost behavior patterns and contribution margin concepts including break-even analysis

    • Explain cost concepts including outlay costs, sunk costs, relevant costs and opportunity costs

    • Explain responsibility accounting

    • Demonstrate an understanding of segment reporting and evaluation and the Balanced Scorecard

  31. Major Topics: Financial Accounting

    • Introduction

    • Financial statements and transaction analysis

    • Making adjustments and constructing the financial statements

    • Tools for analyzing and interpreting financial statements

    • Reporting and analyzing operating income

    • Reporting and analyzing operating assets

    • Reporting and analyzing non-owner financing

    • Reporting and analyzing owner financing

    Management Accounting

    • Introduction to management accounting and contemporary issues in cost management and control

    • Cost behavior, cost-volume-profit (CVP) analysis

    • Relevant costs for decision-making and differential analysis

    • Operational budgeting and profit planning

    • Standard Costs, performance reports, & segment reporting, etc.

    • Segment Reporting, Evaluation of Responsibility Centers, and the Balanced Scorecard

  32. Textbooks: Textbooks (instructor’s choice: listed sequence is not important)

    a) Financial & Managerial Accounting for MBAs, 2e, by Easton, McAnally, Halsey, Hartgraves, &Morse. Cambridge Publishers. ISBN: 978-1-934319-35-2.

    b) Accounting, What The Numbers Mean, 9th edition, Marshall, ISBN: 0-07-352706-8

    c) Financial & Managerial Accounting, 3rd edition, Horngren, Harrison, and Oliver, ISBN-10: 0132497999

    d) Financial & Managerial Accounting, 16e, Jan Williams, Sue Haka, Mark Bettner Joseph Carcello. McGraw Hill/Irwin. ISBN-10: 0078111048 ; ISBN-13: 978-0078111044

    e) Financial & Managerial Accountin

  33. Course Readings, Online Resources, and Other Purchases: In addition to the text, additional, timely readings from the Wall Street Journal, New York Times, or the business/financial press may be assigned.
  34. Student Expectations/Requirements and Grading Policy: The student’s grade is dependent on performance on the mid-term and final exams. Each exam comprises 50% of the final grade.
  35. Assignments, Exams and Tests: Students are expected to complete assigned readings and problems before each class meeting. Exams will be based on readings, lecture, and discussion. The student’s grade is dependent on performance on the mid-term and final exams. Each exam comprises 50% of the final grade.
  36. Attendance Policy: In accordance with University policy, students who do not attend the first class and who have not made individual arrangements with the instructor may be dropped from the course.

    Class attendance is an expectation. The University of South Florida (University/USF) has established the following policy regarding religious observances: ( Students who anticipate being absent from class because of observance of a major religious holiday must provide advance notice of the date to the instructor in writing no later than the second week of classes.

    In the event of an emergency, it may be necessary for USF to suspend normal operations. During this time, USF may opt to continue delivery of instruction through methods that include but are not limited to: Blackboard, Elluminate, Skype, and email messaging and/or an alternate schedule. It’s the responsibility of the student to monitor Blackboard site for each class for course specific communication, and the main USF, College, and department websites, emails, and MoBull messages for important general information.

  37. Policy on Make-up Work: Students are expected to attend class, complete assigned work, and be prepared to take exams on dates listed in the syllabus. Students who fail to complete an assignment or to take an exam on the stated date because of personal, family, or medical emergency may have the opportunity to take a make-up exam if the reason for absence is documented.

    As noted in the USF Student Handbook, “Academic integrity is the foundation of the University of South Florida System’s (University/USF) commitment to the academic honesty and personal integrity of its University community. Academic integrity is grounded in certain fundamental values, which include honesty, respect and fairness. Broadly defined, academic honesty is the completion of all academic endeavors and claims of scholarly knowledge as representative of one’s own efforts. Knowledge and maintenance of the academic standards of honesty and integrity as set forth by the University are the responsibility of the entire academic community, including the instructional faculty, staff and students.“

  38. Program This Course Supports: Certificate in the Foundations of Business
  39. Course Concurrence Information: Accounting Concepts for Managers is a required course for the Certificate in the Foundations of Business (CFB.) The 17-credit hour CFB provides foundation KSAs for prospective MBA students who have not earned an undergraduate degree in a business discipline from an AACSB-accredited school within the 7 years preceding application to the MBA program. The CFB also complements existing masters and doctoral programs, including those in engineering, health care, and the sciences, by providing students the knowledge and skill to effectively manage people and resources in specialized fields.

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