Syllabus Spring 2021 PDF

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Pomona College Department of Economics Managerial Accounting Financial Analysis ECON 117 Spring 2021 Dr. Richard (Dick) Savich, CPA, CGMA Class Time: Fridays 9 – 11:50 am Classroom: Zoom

[email protected] (760) 238-3900 Office: Zoom by appointment

Course Description Examines the role of accounting information in decision making. Course focuses on developing student ability to critically analyze financial statements and related documents. It also addresses the policies and procedures that compose the accounting information systems. Satisfies the following General Education Requirement(s), subject to conditions explained in the Degree Requirements section of the Catalog: Area 2. Course Materials Required Textbook: James S. Wallace, Karen K. Nelson & Theodore E. Christensen, Financial Accounting for Undergraduates, Fourth Edition (Cambridge Business Publishers, 2020) ISBN 9781-61853-308-1 The Wall Street Journal (Students are expected to read the WSJ every day. You can obtain a subscription at https://r.wsj.com/PROFdfzt for $4/month.) This will give you the online version access. Grading Policy Homework (39 assignments @ .75 each) Class Participation (12 classes @ 2% each) Midterm Exam 23 Final Exam Total

30% 24 23 100%

Grades will be posted throughout the term on Sakai. In the case of a score dispute, the entire assignment will be reviewed, not just the question(s) in dispute. The score could go up, down, or remain the same.

Expectations Because we function as a community where we all have many demands on our time, respecting the time of others is crucial. To this end, all members of the Departments of Economics’ community need reasonable expectations about how time is allocated outside of class. Faculty try to give students ample advance notice about deadlines and to honor times when students have extracurricular activities. We ask that students extend the same courtesy to faculty, who also have additional demands on their time. So, if you email us, expecting an instantaneous response is not reasonable. Instead, expect a response within a few days. However, please note that response times can be longer over weekends and holiday. If it’s an emergency, faculty will try to get back to you sooner. A polite reminder follow-up is a good idea if the professor doesn’t respond in a few days. You may ask for an individual appoint via Zoom and we will try our best to accommodate you. Note, though, that this may not always be possible. Thank you for your understanding. Policies All work must be your own. To copy (or borrow) from other sources, the text, or your classmates is not acceptable. Turning in work that is not your own is regarded as cheating and will be punished (at a minimum, a zero on the assignment; at a maximum an F in the course and referral for disciplinary action). Homework assignments should generally be done on your own. For quantitative and graphical problems’ questions, I encourage work in groups, but your write ups must be done independently. What this means is that you are allowed to discuss together how to approach problems. What this does not mean is one person working through the problem and the other person taking the write up and using it as a basis for his/her own answer. Under no circumstances may you look at another person’s solutions. Both will still be punished, so I strongly advise against showing your solutions to others. Homework All homework should be in either Excel (or another acceptable spreadsheet program) or Word (or another acceptable word processing program) format. No handwritten homework or PDF files accepted. Assignments are expected to be handed in via Sakai on the date assigned before class begins and will be evaluated for completeness and effort. Please identify which chapter is included in each submission. Please submit all assignments for each day in one file only. No late assignments will be accepted.

Class Participation All lecture sessions should be attended both physically and mentally. If you must miss a class for a valid reason, please let the instructor know as soon as possible. The lectures will be on Zoom and will be recorded for asynchronous viewing, but not participation points. The instructor will award points based on your participation, not just attendance alone. Zoom Richard Savich is inviting you to a scheduled Zoom meeting. Topic: Econ 117 Time: This is a recurring meeting Meet anytime Join Zoom Meeting https://ucr.zoom.us/j/94230318794?pwd=Ykc4YVVkd2tKUWVSaUx2U1dIZEoxZz09 Meeting ID: 942 3031 8794 Passcode: 789327 Exams Each exam will consist of multiple-choice questions and/or short problems, similar to the homework.

Course Schedule Date Jan 29

Feb 5 12

Topic Introduction to Class Financial Accounting and Business Decisions Understanding Financial Statements

Accounting for Merchandising Operations 19

Accounting for Inventory 26 Mar 5 12 19 26 Apr 2

Review for Midterm Exam Midterm Exam Spring Break Accounting for Receivables César Chávez Day Accounting for Long-Lived and Intangible Assets

9 Time Value of Money 16 Accounting for Liabilities 23 Stockholders’ Equity 30 Analysis and Interpretation of Financial Statements May 7 10-14 TBD

Assignment None

Read Chapter 1 & 4 Turn in P1-1A, P1-2A, P1-4A & P1-6A Turn in P4-1A, P4-3A, P4-5A & P4-8A Read Chapter 5 Turn in P5-3A (Instead of Debit Amount and Credit Amount, use Increase and Decrease) & P5-5A Read Chapter 6 & Appendix 6A Turn in P6-2A, P6-3A, P6-5A & P6-10A Chapters 1, 4, 5 & 6, including Appendices No Class Read Chapter 8 No Class Turn in E8-5A, E8-6A, E8-7A & P8-1A Read Chapter 9 Turn in P9-1A, P9-3A & P9-7A Read Appendix E Turn in EE2-A, EE3-A, EE4-A, EE5-A, EE8-A, EE9-A, EE11-A & EE14-A Read Chapter 10 & Appendices 10A & 10B Turn in P10-6A, P10-8A, P10-11A & P10-12A Read Chapter 11 Turn in E11-9A, E11-10A & P11-1A Read Chapter 13 Turn in P13-2A, P13-5A & P13-8A

Review for Final Exam Final Exam

All materials covered in class with special emphasis on Chapters 8, 9, 10, 11 & 13, including Appendices...