BUFW A533
ACCOUNTING FUNCTION
6:00P-8:45P M, KETTLER G41
FALL SEMESTER 2003

Instructor
Name:      Mike Slaubaugh, PhD, CPA
Office:      Neff 350A
Office Hours:      10:00a-11:45a TR, 6:00p-7:15p TR,
       4:30p-5:45p M or by appointment
Contact:      (260) 481-6465, slaubau@ipfw.edu
Home Page:      http://users.ipfw.edu/slaubau

Table of Contents
Prerequisite Homework
Textbook Annual Report Project
Course Objectives  Solutions on Reserves Express 
Grade Assignment A533 Schedule
Examinations A533 Assignments

PREREQUISITE:
There is no prerequisite for BUFW A533.

TEXTBOOK:
Survey of Accounting, C. Warren, Second Edition, South-Western, 2004.

COURSE OBJECTIVES:
The overall objective of BUFW A533 is to provide a working knowledge of how individuals (e.g., managers, investors, creditors, etc.) use information generated by financial and managerial accounting systems to make decisions about business entities. BUFW A533 emphasizes the user perspective when analyzing accounting information presented in the financial statements or internal reports of a firm. However, an individual cannot competently use accounting information unless that individual understands how that information is processed and presented. Therefore, BUFW A533 will also emphasize and provide students with an understanding of:
  1. principles that govern the ways in which information about a business is recorded in the financial accounting system.
  2. procedures that are used to collect the information disclosed in the financial reports of a business.
  3. ways in which the information collected by the accounting system is reported to decision makers and how business decisions impact the financial statements of a business entity.
  4. managerial accounting topics such as costing systems, cost control, and budgeting.
    5.
GRADE ASSIGNMENT:
Grades will be based on the following 350 point distribution: 
  1. Exam 1 (Chapters 1-3, 5-6), 100 points
  2. Exam 2 (Chapters 7-10), 100 points
  3. Exam 3 (Chapters 11-13, 15), 100 points
  4. Annual Report Project, 50 points

Your grade will be based on the total points you accumulate during the semester. The grading scale will be discussed in class by the instructor, but will normally be A = 90-100%, B = 80-89%, C = 70-79%, D = 60%-69%, F = below 60%. Throughout the semester, you can view your grades on the web via WebCT. To access WebCT, go to the following web page:

courses.ipfw.edu:8900

Click on Log In To My WebCT and then enter your student username and password assigned to you by IPFW and click on Log On. If you are not sure what your username and password are, click on First Time Users.

Clicking on BUFW A533 - Accounting Function will take you to the WebCT main page for this course where you can view your grades by clicking on the Gradebook icon. The last day to withdraw from the class is Friday, October 31.

EXAMINATIONS:
Exams 1 and 2 will be given during class time on the dates indicated on the following schedule. Exam 3 will be given from 8:00 to 10:00 on Monday, December 15. Exams will not be comprehensive beyond that which builds upon prior material and will primarily consist of multiple choice and short problems.

Failure to take a scheduled exam without being excused in advance of the exam will result in a grade of zero. Calculators may be used on exams. However, calculators that can be programmed and/or display text are not permitted. Click on the appropriate exam in the following list to access a review sheet for that exam:

Exam 1 Review Sheet
Exam 2 Review Sheet
Exam 3 Review Sheet

HOMEWORK:
On the attached assignment sheet, a number of Exercises and Problems are assigned and will be covered in class as an integral part of the lecture.

The instructor will distribute two Annual Report Surveys (ARS) which can also be accessed at the following web addresses:

Annual Report Survey 1
Annual Report Survey 2

You should complete these surveys using the 2002 Steel Dynamics Annual Report which is available on the following website:

www.steeldynamics.com

Although not graded, these problems will help familiarize you with the 2002 Steel Dynamics Annual Report which is used as a basis for the Annual Report Project discussed in the next section.

ANNUAL REPORT PROJECT:
The Annual Report Project requires you to use the 2002 Steel Dynamics Annual Report and other data resources to locate relevant information about that firm as well as determine how well the company has performed. The project will be distributed in class and will address topics not covered in the Annual Report Surveys throughout the semester. As noted above, a copy of the annual report is available on the web at:

www.steeldynamics.com

Specific instructions for printing the web version of the annual report are located at the following address:

users.ipfw.edu/slaubau/a533arpf03.htm

The annual report is due at the beginning of class on Monday, December 8. Late projects will not be accepted and will receive a grade of zero.

SOLUTIONS ON RESERVES EXPRESS:
The solutions to all Exercises, Problems, and Activities are available via Helmke Library's Reserves EXpress on the web. To access the solutions, you must have Adobe Acrobat Reader on your system. If you do not have Adobe Acrobat Reader, you can download the program for free at the following website:

www.adobe.com/products/acrobat/readstep2.html

To link to the solutions, go to the following web address:

rex.lib.ipfw.edu

Click on Reserves EXpress Student and then log in with your IPFW student lab username and password. You will be taken to a menu of courses you are enrolled in during Fall Semester 2003. Click on BUFW-A533 to view a menu that links to the solutions for each chapter.

When you click on a chapter link, the solutions to that chapter should be automatically loaded into Adobe Acrobat Reader. You can then either check your answers directly from the screen by scrolling to the appropriate problem or you can print a hard copy of the solutions. To print a hard copy, click on File in the upper left hand corner of the screen, scroll down and click on Print, then OK.

A533 SCHEDULE

Session Date Day Chapter Coverage
1 08/25 M 1, 2*, 3
    09/01 M Labor Day Break: No Class
2 09/08 M 3, 5
3 09/15 M 5, 6
4 09/22 M 6, Review
5 09/29 M Exam 1: Chapters 1-3, 5-6
6 10/06 M 7
7 10/13 M 7, 8
8 10/20 M 8, 9**, 10
9 10/27 M 10
10 11/03 M Exam 2:  Chapters 7-10
11 11/10 M 11
12 11/17 M 11, 12
13 11/24 M 12, 13
14 12/01 M 13, 15
15 12/08 M 15
Finals 12/15 M Exam 3:  Chapters 11-13, 15

* pages 46-49 only.
** pages 324-329 and 342-343 only.

A533 ASSIGNMENTS

   Chapter         Exercises      Problems
1      4, 14, 21, 22, 23      5
3      1, 2, 3, 21, 22, 23      1, 2, 3
5      13, 14      1, 3, 5
6      6, 7, 14, 17, 19, 23      [a]
7      11, 13, 15, 19, 22      1, 2, 3
8      2, 7, 15, 20, 26, [a]      4, 5, 6
9                1, 2
10      3, 12, 13, 18, 28      1, 2
11      6, 8, 13, 24      1, 5
12      1, 5, 6, 8, 11, 12      1, 3, 6
13      15, 26, [a]      1, 3, 5
15      13, 14, 15      5

[a] Distributed in class.
Note:  The syllabus, schedule, and assignments are subject to
minor revision by announcement in class.



© 2003 IPFW