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Graduate Course Proposal Form Submission Detail - ACG5004

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Current Status: -
Campus: St Petersburg
Submission Type: New
Course Change Information (for course changes only):
Comments:


  1. Department and Contact Information

    Tracking Number Date & Time Submitted
    4836 2013-10-23
     
    Department College Budget Account Number
    Business Administration BP 140100
     
    Contact Person Phone Email
    Alison Watkins 7278734086 awatkins@usfsp.edu

  2. Course Information

    Prefix Number Full Title
    ACG 5004 MBA Essentials: Financial Accounting

    Is the course title variable? N
    Is a permit required for registration? Y
    Are the credit hours variable? N
    Is this course repeatable? Y
    If repeatable, how many times? 3

    Credit Hours Section Type Grading Option
    0 C - Class Lecture (Primarily) S - S/U Only
     
    Abbreviated Title (30 characters maximum)
    MBA Essentials:Financial Acc
     
    Course Online? Percentage Online
    O - Online (100% online) 0

    Prerequisites

    Admission to Graduate School

    Corequisites

    Admission to Graduate School

    Course Description

    A survey course of financial accounting. An examination of accounting concepts for presentation of financial information to interested third-party users.


  3. Justification

    A. Please briefly explain why it is necessary and/or desirable to add this course.

    Replacing Selected Topics with Permanent number; already listed in program

    B. 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?

    This course is needed by all USFSP MBA students who do not have an academic background in business or whose undergraduate courses in accounting were taken more than 7 years before entering graduate school.

    This course serves no other program.

    C. Has this course been offered as Selected Topics/Experimental Topics course? If yes, how many times?

    No

    D. What qualifications for training and/or experience are necessary to teach this course? (List minimum qualifications for the instructor.)

    None. Terminal Degree Only.


  4. Other Course Information

    A. Objectives

    1. Introduce students to basic preparation of financial statements

    2. Develop an understanding of the income statement.

    3. Develop an understanding of the balance sheet

    4. Develop and understanding of the statement of cash flows.

    5. Introduce students to the importance of financial note disclosures.

    B. Learning Outcomes

    At the end of the course the successful student should understand:

    1. The basic flow of information on an income statement

    2. The information provided by a statement of cash flows

    3. How balance sheets present the financial balance of a company at a point in time.

    4. The importance of financial statement note disclosures.

    C. Major Topics

    1. Basic concepts of financial accounting language

    2. The basic construction of an income statement

    3. The basic construction of a balance sheet

    4. The basic construction of a statement of cash flows

    5. Note disclosures in financial statements

    D. Textbooks

    The course is an on-line format using several chapters from the following text:

    Financial Accounting:A Business Process Approach, 3rd edition, Jane L. Reimers, (The foregoing is from the 2013 course. Later editions will be used in future years).

    E. Course Readings, Online Resources, and Other Purchases

    From the Riemers text:

    Chapter 1. Business: What’s It All About?

    Chapter 2. Qualities of Accounting Information

    Chapter 3. Accruals and Deferrals: Timing Is Everything in Accounting

    Chapter 4. Payment for Goods and Services: Cash and Accounts Receivable

    Chapter 5. The Purchase and Sale of Inventory

    Chapter 6. Acquisition and Use of Long-Term Assets

    Chapter 7. Accounting for Liabilities

    Chapter 8. Accounting for Shareholders’ Equity

    Chapter 9. Preparing and Analyzing the Statement of Cash Flows

    Chapter 10. Using Financial Statement Analysis to Evaluate Firm

    F. Student Expectations/Requirements and Grading Policy

    Students must pass an online quiz for each assigned chapter, scoring at least 80%. Students may retake exams as many times as they wish. They must pass each exam in sequential order, i.e., they cannot take a chapter quiz unless they have passes all the previous chapters. After scoring at least 80% on all exams the students are awarded an S=Satisfactory grade.

    There is no time limit as when the student must complete this course. Students can take as long as they want, even in excess of a year or more, to complete the exams.

    Students with Disabilities:

    Please notify your instructor if you have a learning disability or require special assistance with this portion of Essentials. Confidential personal and learning assistance counseling are made available to students through the USFSP Division of Student Affairs. Contact R. Barry McDowell (mcdowell@stpt.usf.edu) for more information.

    G. Assignments, Exams and Tests

    Financial Accounting (Reimers Text)

    E=Exercises; P= Problems; SE = Short Exercises

    Chapter 1: Business: What’s It All About

    E15 - 29, P 45 - 51

    Chapter 2: Qualities of Accounting Information

    SE1 - 10, E21 - 28

    Chapter 3: Accruals and Deferrals: Timing is Everything

    E23 - 28 P 57 - 60, 63, 64, 66

    Chapter 4: Payments for Goods and Services:Cash and Accounts Receivable

    E 20, 22 - 25, 27, 29 - 31, P 47 - 52

    Chapter 5 The Purchase and Sale of Inventory

    E 21 - 30 P 48, 49

    Chapter 6. Acquisition and Use of Long-Term Assets

    E 25-30, P44

    Chapter 7. Accounting for Liabilities

    E 22-26, P41-41

    Chapter 8. Accounting for Shareholders’ Equity

    E 25-30, P49

    Chapter 9. Preparing and Analyzing the Statement of Cash Flows

    E 21-27, P43

    Chapter 10. Using Financial Statement Analysis to Evaluate Firm

    E 22-28

    Students must pass an online quiz for each assigned chapter, scoring at least 80%. Students may retake exams as many times as they wish. They must pass each exam in sequential order, i.e., they cannot take a chapter quiz unless they have passes all the previous chapters. After scoring at least 80% on all exams the students are awarded an S=Satisfactory grade.

    H. Attendance Policy

    No first class attendance policy due to the nature of this course. Students can begin the class at any time. There are no scheduled exams. Students take the exams according to their own schedules. The schedule for the course is not part of the regular semester, so there are no religious conflicts. Students can alter when they take the online exams based on their own personal needs.

    There is no time limit as when the student must complete this course. Students can take as long as they want, even in excess of a year or more, to complete the exams. Thus, there will be no conflict with religious holidays as the date a student takes an exam, as well as when they can finish the course, is entirely at their own discretion.

    Students with Disabilities:

    Please notify your instructor if you have a learning disability or require special assistance with this portion of Essentials. Confidential personal and learning assistance counseling are made available to students through the USFSP Division of Student Affairs. Contact R. Barry McDowell (mcdowell@stpt.usf.edu) for more information.

    I. Policy on Make-up Work

    There is no set make-up policy. Students can begin the class at any time. There are no scheduled exams. Students take the exams according to their own schedules. The schedule for the course is not part of the regular semester, so no regularly scheduled exam is ever missed. Students can alter when they take the online exams based on their own personal needs.

    There is no time limit as when the student must complete this course. Students can take as long as they want, even in excess of a year or more, to complete the exams.

    See USF Policy on Academic Dishonesty and Disruption of Academic Process at www.ugs.usf.edu/catalogs/0304/adadap.htm

    Because of the University’s commitment to academic integrity, plagiarism or cheating on course work or on examinations will result in penalties that may include a grade of “unsatisfactory” for this portion of the Essentials Program. Any incident of academic dishonesty will be reported to the dean of the college. Definitions and punishment guidelines for Plagiarism, Cheating, and Student Disruption of the Academic Process may be found at the web address listed above.

    J. Program This Course Supports

    USFSP MBA Program


  5. Course Concurrence Information

    None. This course is offered only to USFSP MBA students.



- if you have questions about any of these fields, please contact chinescobb@grad.usf.edu or joe@grad.usf.edu.