AC231:
Prerequisites
Meeting Times, Location, & Course Delivery Details
Contact Information
1.0
Upon successful completion of this course…
1. The student will be able to compare/contrast debt and equity financing, and statements of cash flows
using ratio analysis.
2. The student will be able to demonstrate calculation of cost-volume profit analysis including break
even points in units to be sold and calculation of target operating profit and after-tax profit goals based
on the appropriate formula.
3. The student will be able to calculate and articulate the difference between sunk cost, relevant cost
and opportunity cost when considering a project.
4. The student will be able to show basic knowledge of job vs. process costing, activity-based costing,
cost estimation, budgeting, and cost variance.
Financial and Managerial Accounting, Information for Decisions, 9th Edition, by Wild, ISBN: 9781264098675, 2022
Prerequisite: AC230
Course Description: Includes the study of short-term decision making, budgeting, pricing, performance evaluation, and capital investment. In addition, the course examines accounting for cash flows and the analysis of financial statement information. This course introduces students to the fundamentals of managerial accounting. Managers use the provisions of accounting information to better inform themselves before they decide matters within their organizations, which aids their management and performance of control functions. According to the Institute of Management Accountants (IMA): "Management accounting is a profession that involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization's strategy". After completing this course, the students are expected to understand how to use and interpret managerial accounting tools.
It is doubtful that a student could successfully complete this course by memorizing each new situation in which transactions arise (trying to remember the handling for each as a separate operation). This course has been labeled difficult because many persons try this approach. It is the objective of this course to acquire knowledge about methods for recording and evaluating data that will be generally applicable. In this way, with the use of relatively few tools (relatively little when considering the infinite variety of business transactions), a student can handle large volumes of data properly. The most closely related field to accounting with respect to the methodology would perhaps be mathematics, where you learn relatively few axioms, theorems, and basic mathematical approaches to solve a potentially infinite number of problems.
Communication Expectations: Students and instructors will communicate in class or through their official Wilmington email accounts. Your instructor will answer all emails during weekdays within one business day. On weekends and holidays a response may not be sent until the next business day.
Student Resource Center: The Wilmington College Student Resource Center offers interdisciplinary learning assistance through a variety of services to help students become more efficient and effective learners. All services, except credit courses, are free to Wilmington College students and Wilmington College Online students are welcome to reach out to the Student Resource Center with questions. Tutoring is available via Zoom.
For additional information, please visit the academic support services at this link: https://www.wilmington.edu/academics/academic-resources
Tentative Schedule
Subject to change during the semester. Adequate notice of changes will be given.
Homework and Out of Class Workload: A minimum of three hours of out-of-class student work is expected for each credit hour awarded. Not all material covered in the book will be covered in class and some material covered in class will not be found in the book. Accordingly, there is an expectation that preparation time will be spent outside of class each week. For this four-hour course I expect that you spend another eight to twelve hours on homework. It is important that you have prepared ahead of class all materials listed in the syllabus for a particular class and not fall behind.
Preparation for each class should include reading the assigned chapter material and identifying areas that are giving you problems and then asking relevant questions. You are expected to complete assigned homework on the date indicated in the schedule as we will review and discuss the problems/solutions in class. It is extremely important that you keep up with the reading and homework assignments. Much of what you learn in this course is cumulative and if you fall behind it is very difficult to catch up. Whatever you do, don’t fall behind! The textbook has several features designed to provide you additional help. Take advantage of all of the book’s resources and be sure to see me if you are having any difficulties.
Grading:
A 90-100%
B 80-89%
C 70-79%
F 0-59%
Homework: 40%
Tests: 40%
Final Exam: 20%
Instructor Course Policies
You are expected to attend every class. If there are unforeseen circumstances that prevent you from attending, it is your responsibility to get the notes, homework problems, etc. on your own from another student. More than three absences (excused or unexcused) will reduce the final grade by a letter grade per subsequent session missed. See the current Student Handbook for the college’s Attendance Policy, especially as it pertains to excused absences.
Academic Integrity Policy: Students should consult the Student Handbook for policies regarding academic integrity issues including, but not limited to, guidelines for examinations, plagiarism, classroom behavior, and handling academic misconduct charges. Students with Academic Integrity violations may not be eligible for academic awards and honors (i.e. - academic honors, dean’s list/ merit list, Green Key Honor Society, Quaker Impact Award, and other Honorary societies). Here is the link to the Student Handbook: https://catalog.wilmington.edu/student-handbook
Americans with Disabilities Act: In accordance with ADA, Wilmington College provides reasonable accommodation to students with physical and mental disabilities. If you have a documented disability that requires accommodation, please notify the Academic Services Director (800 341-9318, ext.444) during business hours and the instructor by the end of the first class.
Copyright Policy: This course may contain copyright protected materials such as audio or video clips, images, text materials, etc. These items are being used with regard to the Fair Use doctrine in order to enhance the learning environment. Please do not copy, duplicate, download or distribute these items. The use of these materials is strictly reserved for this online 7:00 P.M. Virtual Zoom Classroom environment and your use only. All copyright materials are credited to the copyright holder.
Plagiarism Policy: Knowledge through reading assignments, lectures, multimedia presentations, and more. When that transmission of knowledge is successful, students learn new ideas, concepts, and perspectives. But instructors seek feedback to verify that students have learned the new knowledge. Students take tests, make presentations, complete projects, write papers, and so on. We all experience education at its best when students’ complete assignments that demonstrate subject matter mastery.
When completing writing assignments in particular, the best way for students to prove their mastery of the subject matter is to write in their own words. When students internalize knowledge and restate it in individualized ways, the students demonstrate retention and understanding. Copying the words of a source, pasting those words into an assignment, and presenting those copied words as if they are the words of students only demonstrates skills at copying and pasting. Such plagiarism does not confirm that students have gained knowledge and put that knowledge into meaningful contexts.
Plagiarism is defined as the representation of another’s words, ideas, concepts, research, or creative production without proper attribution whether intentional or unintentional. It is the student’s responsibility to be informed about what constitutes plagiarism. Plagiarism can occur in the submission of one’s own work or in work submitted by a group.
Examples of plagiarism include the following:
The submission of a paper not one’s own, including turning in a paper that has been purchased from a commercial research firm or obtained from the internet
- Copying word for word information without quotation marks
- Paraphrasing information (that is, the use of one’s own words with only minor changes to the original)
- Use of information not considered general knowledge without proper citation
- Listing of misleading or false sources on a reference page
- The use of a paper or project for one course that was previously submitted for another course, either at Wilmington or at any other institution
Plagiarism is a serious academic offense and carries serious academic consequences. Violations will be recorded by the Vice President for External Programs.
When an instructor discovers plagiarism, the instructor will first consult with the Vice President for External Programs in order to determine if the student is a first-time offender. For first offenses, the student will receive no credit for the assignment that was plagiarized. Students with academic integrity violations may not be eligible for academic awards and honors (i.e., Academic Honors, Dean’s List/Merit List, Green Key Honor Society, Who’s Who Award, and other Honorary Societies). For a second offense or more, the Vice President for External Programs will consult with the instructor and other administrators regarding the appropriate penalty. It is possible that the student will receive a substantial reduction in grade for the course or will fail the course. Multiple instances could even lead to suspension or expulsion from Wilmington College.
There are many university, college and private websites students may consult about how to avoid plagiarism. Sites with particularly helpful suggestions can be found at:
http://owl.english.purdue.edu/owl/resource/589/01/
http://www.indiana.edu/~wts/pamphlets/plagiarism.shtml
http://www.writing.utoronto.ca/advice/using-sources/how-not-to-plagiarize
http://www.princeton.edu/pr/pub/integrity/08/intro/index.htm
http://www.plagiarism.org/plag_article_preventing_plagiarism_when_writing.html http://citationmachine.net/index2.php
Third-Party Software and FERPA Policy: During this course you might have the opportunity to use public online services and/or software applications sometimes called third-party software such as a blog or wiki. While some of these could be required assignments, you need not make any personally identifying information on a public site. Do not post or provide any private information about yourself or your classmates. Where appropriate you may use a pseudonym or nickname. Some written assignments posted publicly may require personal reflection/comments, but the assignments will not require you to disclose any personally identity-sensitive information. If you have any concerns about this, please contact your instructor.
Institutional and Program-Level Policies
All exams will follow the Final Exam Schedule. Students scheduled to take three or more final examinations on one day may request to arrange their examination schedule, so no more than two exams occur on one day.
Requests for early or late exams are considered only under extreme circumstances. Prior to the exam period, the student must file a written request on the Early/Late Exam Form available in the Student One Stop Center, Academic Records, and on the WC portal. The form must be signed by the Instructor and the Academic Dean, approving the alternate exam time. This process must be completed prior to the scheduled exam period.
Out-of-class Work Expectation A minimum of 2 hours of out-of-class student work is expected for each hour of in-class time for traditional face-to-face courses. For online and hybrid courses, the combination of face-to-face time and out-of-class work should be equal to 3 hours per credit hour per week. |
Instructional Course Delivery |
Academic Integrity Policy The use of generative AI is prohibited except where expressly allowed in assignment instructions. |
Academic Misconduct - Examples [10/24]
ACADEMIC CODE OF CONDUCT
This policy is directly related to the first Testimony, which is part of the Student Code of Conduct. “I will practice personal and academic integrity.” The initial responsibility for dealing with academic misconduct lies with the individual faculty member in whose classroom or course of study the offense occurs. The responsibility includes determination of the consequences for the offense. The goal is for faculty to confront cheating and plagiarism, to teach ethical behavior, and to provide an appropriate consequence based on the nature of the incident. Faculty are encouraged to explicitly address academic misconduct and its consequences in the course syllabus.
EXAMPLES OF ACADEMIC MISCONDUCT
A. Examination offenses include, but are not limited to, the following:
1.Taking unauthorized materials into or out of the examination room.
2.Leaving the examination room without authorization before completing an examination.
3.Talking in the examination room without authorization.
4.Discussing the examination outside the examination room during the course of the examination.
5.Attempting to observe the work of another student.
6.Taking an examination for another person or permitting someone else to do so.
7.Collaborating improperly by discussion, joint research, or joint effort in any way expressly prohibited by the instructor. This includes using a cell phone or other device to access information from another source or another student.
8.Improper knowledge of contents of an examination - No student shall knowingly acquire unauthorized knowledge of an examination or any part of an examination, or solicit, offer, or give information about any part of an examination.
B. Student work offenses include, but are not limited to, the following, which are expressly prohibited in the absence of prior written approval of the instructor or instructors involved:
1.Resubmission of work - Submitting work which has been previously submitted for credit.
2. Plagiarism - Submitting work done wholly or partly by another, including the unattributed copying of all or parts of a published work or internet document. Using generative Artificial Intelligence (AI) sources to produce work (when not expressly permitted) is also a form of plagiarism. Some instances of plagiarism are the result of ignorance rather than dishonesty. When plagiarism is encountered, the instructor should be sure that the student knows proper procedures for attributing content.
3.Prohibited sources - Consulting material or persons contrary to the directions of the instructor.
4.Improper collaboration - Engaging in any discussion, joint research, or joint effort of any kind expressly prohibited by the instructor.
5.Deception - Misrepresenting the authenticity of sources, citations, or principles in any written work.
6. Sharing work – Students who share their work with others are responsible for how that work is used. For example, if a student shares a paper with another student to help him or her understand an assignment, and that student submits the work as their own, the author of the paper shares responsibility for the plagiarism committed by the other student.
D. Other misconduct - Engaging in any other improper conduct as specified by the instructor.
E. Lying – deliberately providing false information relevant to academic matters, such as misrepresenting the inability to take an examination because of illness.
F. Disruptive or disrespectful classroom behavior – causing a disturbance in the classroom, interrupting instruction, speaking rudely or threatening students or faculty.
Class Attendance Policy |
ADA (Americans with Disabilities Act)
Students with Disabilities
In accordance with ADA (Americans with Disabilities Act Amendments Act of 2008 (ADA), Section 504 of the Rehabilitation Act of 1973), Wilmington College provides access through reasonable accommodations to students with documented physical and psychological disabilities.
Students who wish to access Services need to meet with the Director of Accessibility and Disability Services and provide verification of their disability. To register with Accessibility and Disability Services, students submit an Application for Services. In addition, the student must provide the Disability Verification form accompanied by current disability documentation from a licensed professional. For more information, contact the Director of Accessibility and Disability Services at accessibility@wilmington.edu or 937.481.2444, 114 Robinson Communcation Center.