North Seattle CollegeAccounting Department

ACCT270 Cost Accounting

SYLLABUS WINTER TERM 2017 – ONLINE COURSE

Instructor: Earl Sedlik, MBA earl@sedlik.com

Class Hours: Online course: January 4th to March 22nd

Office Hours: For online courses, to be fair to all one-line students, we focus on online contact rather than office hours or personal meetings. Please use the Canvas system to contact the instructor.

Email: earl@sedlik.com______________________________________________________________________________________________________________________________________________________________

BASICS TEXTBOOK:

Horngren’s COST ACCOUNTING – A MANAGERIAL EMPHASIS, Miller-Horngren, Datar, Rajan, 15th Edition. PEARSON. [ISBN: 978-0-13-342870]. This course covers chapters 1 to 9, 11, 13, 17 & 21

This online course requires all students to be proficient in using CANVAS and MyAccountingLab (MAL) while having competent computer skills and consistent access to a computer with acceptable speed and web-access. All the interactions in this course take place online.

IN MyAccountingLab (MAL):YOUR COURSE NAME: ACCT270 W17 NSCYOUR COURSE ID: sedlik71908

COURSE OVERVIEW: CONCEPTS: This course provides a basic understanding of the applicable accounting theories, standards and practices related to the concepts of:

Costing Concepts Job Costing Activity-Based Costing Process Costing Production Cost Reporting Cost-Volume-Profit Analysis - CVP Breakeven Analysis – Algebraically & Graphically Profit Planning Analysis Budgeting Flexible Budgeting Capital Budgeting Time-Value-of-Money (TVM) Discounted Cash Flow Net Present Value Capital Investment Decisions

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WEB-BASED LEARNING MANAGEMENT SYSTEM - MANDATORY

MyAccountingLab (MAL) – use the Access Code provided in the purchased MAL packet. Students must register in MAL by:

1. Finding this this website: http://www.pearsonmylabandmastering.com

2. Applying this Instructor Course ID: sedlik71908, and

3. Entering the Access Code printed in the purchased MAL packet.

MAL resources for this course:http://www.pearsonmylabandmastering.com ;

Instructor Course ID: sedlik71908MyAccountingLab (MAL), the REQUIRED web-based resource affiliated with this text, assists students with coursework and learning tools for Accounting concepts. Students must use MAL to complete homework problems and take quizzes. Resources include E-Textbook readings, narrated PowerPoint Slides in the MULTIMEDIA LIBRARY, and practice quizzes. All homework assignments and quizzes, must be submitted online in MAL.

PURCHASING ADVICE: Purchase the textbook with an affiliated MAL packet. Please note, if the purchased textbook does not include the MAL packet with a MAL Access Code, the MAL packet must be purchased separately

For students waiting for financial aid funds to purchase course materials, Pearson Publishing provides temporary access to the e-text and MAL online. Go to http://pearsonmylabandmastering.com/students/ and choose “Registering for Temporary Access” for instructions.

Students with a active MAL Access Code from a previous course may be able to extend its use into this course IF THE ACCESS CODE EXPIRATION DATE EXTENDS BEYOND THIS TERM’S TERMINATION DATE. . Go to http://pearsonmylabandmastering.com/students/ and seek customer support to ensure that your Access Code will be acceptable.

IMPORTANT STUDENT NOTIFICATIONS AFFECTING YOUR FINAL GRADE CAPITAL BUDGETING & TIME VALUE OF MONEY:

1. You must gain sufficient experience to be able to use the Present Value Tables for a Lump Sum and an Annuity.

2. You must be proficient enough in Excel to be able to set-up and solve Time Value of Money discounted cash flow functions for PV, NPV, PMT, and IRR.

3. You must recognize that when the NPV=0, the project has an ATTRACTIVE RATE OF RETURN that equals the interest rate used for the discount rate. For example, if the discount rate is 12%, and the NPV=0, then the project has AN ATTRACTIVE INTERNAL RATE OF RETURN (IRR) OF 12%.

4. WE COMPLETE THE PROGRAM WITH A COMPREHENSIVE APPLICATION OF CAPITAL BUDGETING. You will engage in detailed applications of Discounted Cash Flow to make Capital Investment decisions based on meeting profitable Rates of Return greater than your Cost of Capital. These concepts and practices are the cornerstone of the capitalist economic system.

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CANVAS SYSTEM

This course uses Canvas Learning Management System as the course portal to structure the course, communicate to the students, sustain the learning program, compile learning resources, and to facilitate participant interaction through Discussions.

Each student is pre-registered in the Canvas shell for this course. Students must use Canvas be proficiently. The NSC eLearning team provides several Canvas instructional assets to support student skills in Canvas.

Although we made a valiant attempt to link MAL through Canvas, we encountered a rare, unfixable glitch and had to abandon the Linkage feature.

NEW FEATURE: Access to MAL is now available through CANVAS! This feature provides a single focal point for the course delivery and seamless access to MAL. ALL THE HOMEWORK AND QUIZZES ARE IN MAL!

OTHER LEARNING RESOURCES :

a) Course Information (Syllabus, Detailed Schedule, Announcements, etc.)b) PowerPoint Presentations c) Chapter Notesd) Select solutions for problems and exercisese) Discussion Boardf) Articles and occasional industry referenced websitesg) Business Research for the Special assignment – special personal assistance directly coordinated at NSC at this website: http://libguides.northseattle.edu/businessresearch

STUDENT PROFILE

You must submit a STUDENT PROFILE FORM on or before the second week of the term. Please complete the form at the end of this Syllabus and POST YOUR PROFILE IN THE CANVAS ASSIGNMENT. Timely posting earns up to three Bonus Points.

THE ACCT270 APPROACH: Focus on the role of ethics in the business decision-making process; Review and analyze simulated cases to probe the strengths and weaknesses of

accounting theory and its practices. Learn to use electronic libraries in performing accounting research and case analyses. Assist students in understanding the functional area of corporate accounting Prepare students to

o Work effectively on teams in diverse organizationso Exercise professional ethics in accountingo Conduct web-based library research.

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COURSE REQUIREMENTS:ONLINE INSTRUCTIONAL METHODS: The primary process by which we will learn accounting is as follows:

Each week follows the same routine for each chapter:1. Apply the SQ3R method to review the textbook2. Use Canvas to participate in the weekly discussions3. Use MAL to complete the Homework assignments4. Review your learning objectives5. Take the weekly Quiz in MAL

STUDENT SUCCESSPRACTICE IS IMPORTANT The best way to learn accounting concepts is to practice. Therefore, your success depends on doing the assigned readings and problems. You are expected to do the readings and practice the problems. These assignments will be the basis for class discussion, problem solving sessions, and quizzes. Then Instructor monitors and rewards class participation in terms of quality, not quantity.

SQ3R: Students must review the PowerPoint Presentation (Studying for Retention) in Canvas. Pleas review the PowerPoint Presentation STUDYING FOR RETENTION as posted in Canvas. SUCCESSFUL STUDENTS PRACTICE THE SQ3R (SURVEY, QUESTION, READ, RECITE, REVIEW) STUDYING METHOD:

1. PREPARE TO READ BY SCANNING THE ASSIGNMENT (SURVEY)

2. EXPLORE EVERY EXHIBIT IN THE CHAPTER BEFORE YOU READ THE CHAPTER (SURVEY)

3. EXPLORE EVERY ASSIGNED HOMEWORK PROBLEM IN THE CHAPTER BEFORE YOU READ THE CHAPTER (QUESTION)

4. READ THE ASSIGNMENT – A SECTION AT A TIME (READ)

5. WRITE YOUR PERSONAL SUMMARY IN THE BOOK FOR EACH SECTION (RECITE)

6. REVIEW THE GLOSSARY – VERIFY THAT YOU UNDERSTAND EACH TERM (REVIEW)

7. DO THE ASSIGNED PROBLEMS

8. PARTICIPATE IN CANVAS DISCUSSION FORUMS (RETAIN)

9. SUBMIT THE HOMEWORK FOR GRADING AND FEEDBACK IN MAL (ACCESS MAL THROUGH CANVAS)

10. COMPLETE THE CHAPTER QUIZ IN MAL EACH WEEK (ACCESS MAL THROUGH CANVAS)

To be successful in this course students set aside at least 4 to 6 hours of study time every week.The best students methodically carve out about one hour a day to routinize their learning obligation.

WHEN READING THE ASSIGNMENT: Scan the assignment before reading – the preview, the captions, the summary, & the

glossary. Review all the homework assignments before reading. Read a section at a time & Recite (write) and recall what you learned. Use your homework process to Retain what you’ve learned. You learn by RETENTION built from RECITING (WRITING) & RECALL

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COURSE OBJECTIVES:

A student successfully completing ACCT270 should be able to do the following:

· Describe the uses of managerial accounting information by profit-making and non-profit-making organizations; · Analyze costs and categorize them into manufacturing and non-manufacturing cost categories, variable vs. fixed costs, and other more specific categories; · Demonstrate how job-order and process costing systems operate, including methods of allocating manufacturing overhead; · Demonstrate how an integrated system of budgets can be used to model the performance of an organization; · Use a computer spreadsheet program to solve selected types of problems, involving budgeting, graphing of costs and revenues, present value calculations for capital budgeting, and models that respond to changes in inputs.

EDUCATIONAL PHILOSOPHY: Building Accounting knowledge and competency demands determined reading skills, analysis, organization, and some facility with numeric calculations. As the quarter progresses, the learning objectives combine to reveal the process by which businesses use Accounting concepts to determine resource valuation and periodic income. The learning process requires a commitment to practice of applications through problem solving. The following activities are critical to successful learning of Accounting:

1) Regular dedication to an online routine; 2) Persistent reading and rereading of the textbook through application of the

SQ3R “Studying for Retention” method; 3) Active participation in online discussions; 4) Your time and best effort in doing every question, exercise and problem

assigned; 5) Critical appraisal and review of your own performance on the homework

and quizzes.

Feedback - At any time during the quarter, you are invited to communicate the effectiveness of any of the instructional methods. Please recognize that the instructor must be the final judge of the instructional methodology. Please use the Canvas system to state your concerns.

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SCHEDULE and GRADING:

ACCT270 WINTER 17 - WEEKLY SUBJECT ASSIGNMENT & EXAM GUIDE

WEEK DATE(Week ending

Sunday)

CHAPTER TOPIC

(DISCUSSION PARTICIPATION IN

CANVAS @ 5%)

MAL HW:TEN CHAPTER ASSIGNMENTS

(25%)

SPECIAL ASSIGNMENT

(10%)

TEN QUIZZES

(50%)

1 8-Jan 1 & 2

INTRODUCTION TO COST ACCOUNTING:Managerial Accounting & Cost Terms

2 15-Jan 3

PROFIT PLANNING(Cost-Volume-Profit Analysis) &BREAKEVEN

3 3

3 22-Jan 4 JOB COSTING 4 4

4 29-Jan 5 ACTIVITY–BASED COSTING

5CHOOSE SPECIAL

ASSIGNMENT ARTICLE

5

5 5-Feb 6 MASTER BUDGETING 6 6

6 12-Feb 7 & 8

FLEXIBLE BUDGETINGSTANDARD COSTS & VARIANCES & CONTROL

7 & 8Combined

7 & 8Combined

7 19-Feb 9 INVENTORY COSTING & CAPACITY ANALYSIS 9 9

8 26-Feb 11 DECISION MAKING & RELEVANT INFORMATION

11 11

9 4-Mar 13 PRICING DECISIONS & COST MANAGEMENT 13 13

10 11-Mar 17 PROCESS COSTING 17 17

11 18-Mar 21

CAPITAL BUDGETING TIME VALUE of MONEY (TVM) 21 21

SPECIAL ASSIGNMEN

T DUE WEDNESDAY

22-Mar NO FINAL EXAM CAPITAL BUDGETING

SPECIAL ASSIGNMENT

DUE (15%) (10%)

FOLLOW THIS SCHEDULE - IMPORTANT COMMENTS REGARDING “DUE DATES”:

This course requires students to follow the schedule above as they progress through the text: One assignment per week – with Homework and a Quiz One Special Assignment - a research paper: Practical Applications of Capital Budgeting.

All assignments MAL assignments have a Due Date. In this course, the Due Date is set to the end of the term. Notifications within Canvas will remind each student to keep abreast of the schedule’s regimen.

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Each student is expected, as an adult learner, to allocate their time to meet all the requirements in a timely and regular manner. Throughout the term, the Instructor will monitor each student’s progress.

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Grading and Student Evaluation:

Student’s final grade will be determined as follows:

GRADED ITEM PERCENTAGE OF GRADE(Revised)

COMMENT

Online discussions in Canvas & Class Participation 10 IndividualWeekly Home-Work Problems in MAL 25 IndividualWeekly Quizzes in MAL 50 IndividualSpecial Project Report – Capital Budgeting Practices 15 Individual Report.No Final Exam No Final Exam No Final Exam

TOTAL => 100

BONUS POINTS: Throughout the course, opportunities to earn Bonus Points will be announced through Canvas Announcements or Discussions. Each student is responsible to recognize and respond in a timely manner in order to earn the separately announced points toward their overall grade.

Use Canvas to participate in the Course:PARTICIPATE IN WEEKLY MANDATORY GRADED-DISCUSSIONS IN CANVAS to highlight the Learning Objectives each week’s chapter. Each student is expected to:

Post one initial comment by Wednesday of the scheduled week, and Then to comment on at least two others’ postings within the week.

The Quality of Discussion participation accounts for 10% of your Overall grade. Students are graded on quality reflected by insight and extension of the discussion. Unresponsive or tardy posting will result in grading deductions. Students must reflect proper “Netiquette”.

Apply “Netiquette” when participating in Canvas Discussion ForumsThroughout these courses, you will need to participate in a Discussion Forum within the course’s Canvas shell. Each Discussion posting is subject to be graded for quality (not quantity). Your comments should:

o Elaborate on your thoughts (not just “they should promote the product’, but… describe “how”)

o Advance the concept (not just “I agree”) Apply this approach: “I agree, AND here’s more about this…”

o Show respect for otherso Focus on a purposeful intent o Share personal and original thoughts (not “cut & pasted” from another

source)o Encourage others to add their insightso Follow the commonly-endorsed academic “netiquette” guidelines:

http://www.studygs.net/netiquette.htm

SUBMIT YOUR SPECIAL ASSIGNMENT THROUGH CANVASThe Quality of your Special Assignment accounts for 15% of your Overall grade.

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Use MyAccountingLab (MAL) to participate in the Course:

1. Apply SQ3R in reading each chapter – section-by-section

2. From the MAL “Multimedia Library” – Review the VIDEO ASSIGNMENT that highlights the chapter.

3. Complete the ten GRADED HOMEWORK ASSIGNMENTS (25% of your total grade; 2.5% for each assignment) with a dynamic feedback support system (“Help me solve this”) to help you learn. The selected problems reflect the key Learning Objectives.

4. Complete the ten GRADED QUIZ (50% of your total grade; 5% for each Quiz)) to apply you new knowledge of the homework assignments using the “Save for Later” option that allows students to take a break from the quiz. There are TEN separate Quizzes. The Quiz Questions are “similar to” the selected Homework problems that reflect the key Learning Objectives.

5. Because of these extensive quizzes, the work in Discussion Forums, and the special Assignment report, there is no Final Exam in this course.

Special Assignment Report to participate in the Course:

SPECIAL ASSIGNMENT (15% of the overall grade): Based on a list of core research resources and a common outline, each student must submit a research report that explores this general title “CAPITAL BUDGETING PRACTICES IN BUSINESS”. Students are expected to pursue original and extended research (online and with librarian assistance) beyond the provided list of resources. The resources list will be supplied through Canvas before the mid-point of the course.

This research report of a length of 3 to 5 pages must highlight at least four approaches to Capital Budgeting with examples and original commentary.

The report must include these sections:I. Executive Summary

II. A Review of the MaterialIII. Three Major Insights to share from this materialIV. Three examples of practical elements that apply in the real world of AccountingV. The student’s personal reflections on these concepts

We are concerned about the practical application of the Capital Budgeting techniques that we learn:One research report reflected, in part:

“All business schools teach these kinds of capital budgeting techniques in introductory finance courses, and discuss more in advanced courses and therefore we can assume that these are the commonly used methods. With the financial crisis in 2008, many companies began to reexamine their investment and capital budgeting methods. The main objective of this study is to investigate the nature of capital budgeting that is adopted by the business community…”

Discussion Forum note: Boeing and Production Costing – Program Accounting

In 2016, the SEC, in response to a “Whistleblower’s Claim” against Boeing, began an investigation of the practice called “Program Accounting” and its potential abuse to manipulate profit reporting that affects stock price levels. We will discuss this in our Discussion Forum as a justifiable cost accounting approach and explore its role in ethical financial reporting. Students will find an extensive list of resource articles through Canvas.

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GENERAL ISSUES:

Dropping the class: If you decide to drop the class, you must officially drop the class with the NSC Registrar’s Office.

Rules/Laws: College policies on unethical behavior, absences, and other issues apply to this class. Please consult the Official Catalog of NSC for further information.

Communications: All changes and other important announcements will be transmitted via e-mail or Canvas.

Disabled Students:NSC has a long-standing policy on reasonable accommodation for students with disabilities. If you feel that you are eligible, please contact Student Services for eligibility determination and necessary accommodations. The instructor will be eager to address your needs.

Respect for all:This class is open to all who wish to learn and share ideas. The instructors, and all class members, value the wonderful diversity of people, culture, and ideas we represent. We agree to show respect for each other at all times while in this class and interacting in the on-line forums.

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INSTRUCTOR BIOGRAPHY – EARL SEDLIK

A Profile in Effective Operational Management and Educational Leadership

Earl Sedlik is a marketing management and strategic development resource with broad operational skills and a record of innovative performance across many industries. He is particularly suited to address concerns in market segmentation, strategic initiative in a competitive environment, and new product development. As the principal of The Sedlik Group, he has been serving high-tech, higher education colleges, and retail marketing challenges since 1980. Sedlik combines a rare blend of technological savvy with direct operational leadership.

High-Tech Operational RoleSedlik brings a recognized record of effectiveness as an operational manager with noted strengths in marketing and sales responsibilities for high tech enterprises. His career has been particularly focused on product development, effective operational entrepreneurship, and marketing launch functions. As the principal of The Sedlik Group for over 30 years, Sedlik leads by crafting a clear sense of focus on the target market segment and the mission to meet their needs. He acts as a change agent to energize the efforts with constructive direction.

Impact in Many IndustriesThe Sedlik Group client list includes a broad range of companies facing the pressures of change from growth or competition. For example, Sedlik’s clients are active in software development, on-line e-learning delivery, on-line incentive management, software publishing & distribution, banking, restaurants, international trade of high tech products, kitchen appliances, retail distribution, cable TV development, television advertising, advertising agency operations, professional services, secondary education, for-profit urgent care center development, medical clinical trials, lottery operations and marketing, non-profit housing development, higher education, and commercial real estate development. Sedlik normally functions as a key operating executive within the executive team structure – often responsible for operations, sales, and/or marketing.

Educational Services LeaderEarl Sedlik established an educational and training enterprise named Business Education for International Economic Development, BEIED, www.BEIED.com, to serve corporations and academic institutions by developing and delivering educational and professional development curricula elevate individual competencies. BEIED addresses specific curriculum development and

faculty recruitment for MBA-level education opportunities in China and Eastern Europe. In 2004, BEIED presented well-received business management seminars to a broad cross-section of innovative managers under the co-sponsorship of the American Chamber of Commerce in Bulgaria in Sofia. BEIED continues to serve the managerial training needs within the Bulgarian economy.

Sedlik sustains a recognized leadership role in e-learning innovations and continues to provide personal consulting services within selected industries. He earned permanent senior faculty status at DeVry’s Keller Graduate School of Management MBA program, where he taught marketing, economics, new product development, global human resource management, management of diversity, and international business. Sedlik served on the University of Washington School of Sociology Advisory Board and on the Technical Advisory Committee of the Accounting Department at North Seattle Community College. At the turn of the century, Sedlik served as the Executive Director of Seattle’s Pratt Fine Arts Center addressing organizational structural and financial issues so as to stabilize this organization. Earl prepared this premiere 30-year old educational art institution, of over 300 artists serving over 3,000 annual enrollments, to sustain its operating efficiencies into the next 30 years.

COO in EducationAfter a twenty–year adjunct affiliation with Seattle-based City University, Sedlik was elevated to the position of Senior VP and Chief Operating Officer of the Shepherd Group, CU’s management firm. Sedlik had served as CU’s MBA Program Director, where he coordinated an internationally renowned endeavor to bring quality business education around the world. As the COO, Sedlik spearheaded the development of subsidiaries directly involved in providing a full range of state-of-the-art educational services to institutions of higher learning. Inheriting a corporate trauma, Sedlik led a negotiating team toward a successful resolution of a strategic separation through which Shepherd and City University terminated their management contract thereby transforming Shepherd into a real estate holding company.

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Rensselaer EngineerHarvard MBA

Dedicated to Education Earl Sedlik, a graduate of Rensselaer Polytechnic Institute and The Harvard Graduate School of Business Administration, is a noted author and teacher at the MBA level in the fields of marketing, high tech marketing, international business, global human resource management, and business strategy development. Sedlik received City University's (Bellevue, WA) inaugural award for Distinguished Teaching and launched special MBA programs in Germany, Romania, and Bulgaria. Sedlik earned Senior Faculty status at DeVry University’s Keller Graduate School of Management MBA Program, where he taught from 2000 to 2014, when the Northwest Regional operation closed.

Earl currently holds Part-Time Priority Status in the Accounting Department at North Seattle College. He teaches all the Accounting Principles courses at all the Seattle Colleges – North, Central, and South. In addition, Sedlik teaches courses in Non-Profit Management and Small Business Entrepreneurship. In 2065, Earl co-launched a new Entrepreneurship Program course series at Western Washington University’s Olympic Peninsula campus in Poulsbo, Washington.

Outstanding Civic RecordHe is quite active in community affairs as the past-president of several civic associations. As a candidate for Seattle City Council in both 1991 and 1996, he won strong endorsements from The Seattle Times and a rare first time and continued “Outstanding” rating from the Seattle Municipal League. Sedlik served two terms on the Seattle Park Board of Commissioners where he was the Chair of the Naming Committee and an active representative on the Arboretum Foundation Board. Earl has formally advised several mayors with distinction on such issues as historic preservation and rehabilitation

(Pioneer Square), housing development (funding for non-profit endeavors, and transportation (the Citizens Advisory Board on the I-90 Freeway).

In 2015, Earl completed 12 years of service as the Finance Committee Chair Board Member at Full Life Care, a Washington state and national leader in adult day health services, home care, and other support services for the elderly.

Since 2008, Sedlik continues his role as Board President at Seattle’s Regional Hospital, a recognized national leader in the long-term acute care hospital (LTACH) sector - serving the complex and intensive care overload needs of the region. He led Regional Hospital through a series of precarious financial and organizational traumas into a successful long-term affiliation with the Franciscan Health Services.

Sedlik Family SnapshotEarl is a native New Yorker who grew up in Miami, Florida and moved to the Pacific Northwest in 1964 to develop computer software. He met his spouse, Charyl Kay Tyndell, in Seattle and returned East to attend Harvard. The Sedliks moved to Connecticut and began their family as Earl and two Harvard classmates launched a fast food restaurant chain. As adoptive parents of an African-American, the Sedliks began a life-long dedication to trans-racial adoption and encouragement of adoption. With a commitment to raise their family in Seattle, the Sedliks returned there in 1974. Their adult children, Molly and Adam, live in the Seattle area pursuing careers in social services and non-profit causes. Charyl Kay Sedlik recently culminated a 38-year medical career as a Senior Executive sales representative for Merck pharmaceuticals. The Sedliks are avid supporters of women’s basketball, and enjoy international travel, gourmet cooking, live-theater, the arts, and their grandchildren.

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STUDENT PROFILE FORMACCT270 WINTER 2017

Earn three Bonus Points right away.Please complete this form, save it as a separate WORD document entitled “ACCT270 W17 PROFILE NAME” (where NAME is your last name), and post it as a response in Canvas.NAME _______________________________________

NICKNAME _________________________________

E-MAIL ADDRESS ____________________________

PROFILE (Check off the ones that apply & fill in the blanks)

____ English is my first language____ English is my second language

My Native language is____________________

_____I have lived in the Seattle region for less than 2 years_____I have lived in the Seattle region for more than 2 years

THIS IS HOW I DESCRIBE MY EDUCATIONAL OBJECTIVE: Consider Obtaining Bachelor Degree in Accounting Obtaining Bachelor Degree in something other than Accounting Other Educational Objective

My Educational Objective is ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ACCOUNTING FAMILIARITY (check those that apply)____ I have passed ACCT201____ I have passed ACCT202____ I have passed ACCT203____ I have passed these other ACCOUNTING COURSES ___________________________________________

SKILL SET (check those that apply)____ I am familiar with equations. ____ I can use an electronic calculator. ____ I can use Excel Worksheets (essential for this course).____ I am familiar with: Income Statements. ____ Balance Sheets. ____ Cash Flow Statements.____ I am familiar with: Stocks & Bonds. ____ Financial Ratios. ____ Time Value of Money (discounted cash flow).____ I understand the importance of doing my homework.

CURRENT SITUATION____ I am a full-time student. ____ I am a part-time student. ____ I am taking ____ other course(s) this term: List of courses________________________________________________ This is my only course this term.____ I have a part-time job. This is my work schedule _________________.____ I have a full-time job. This is my work schedule _________________.

PERSONAL SITUATION____ My career objectives include a position in business administration. ____ I intend to work in my family’s business after I complete my education.____ I am studying Accounting to apply these skills in a current position.____ I am studying Accounting to earn an undergraduate credit towards my degree.____ I am studying Accounting because I am determined to earn my CPA designation.____ My objective is to return to my native land and apply my education.____ My objective is to follow a career in _________________.

Please understand these things about me:

1.

2.

3.

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