FINANCIAL AND MANAGERIAL ACCOUNTING
FALL 2014
INSTRUCTOR: Professor Arnold Schneider, Room 442 in Barnes & Noble Bldg., 404-894-4907
E-MAIL: aschneider@gatech.edu
OFFICE HOURS: MW, 11-12
BOOKS
1. Spiceland, J.D., W. Thomas, & D. Herrmann, Financial Accounting, McGraw-Hill/Irwin, 3rd edition, 2014.
2. Schneider, A., Managerial Accounting: Decision-Making for the Service and Manufacturing Sectors, Bridgepoint Education, San Diego, California: 2012. (Note: This is an e-book which can be accessed at the following website: https://learn.thuze.com/store/product/THUZE.BE.ACC.9781621780342. If you are asked to provide an ISBN, use the following book code: THUZE.BE.ACC.9781621780342.)
COURSE OBJECTIVES
The course gives an introduction to financial and managerial accounting. The financial accounting objectives are to be able to understand and construct financial statements for business organizations. The managerial accounting topics deal with determining the costs of products and services and using the cost information for planning and decision making purposes.
EVALUATION
4 EXAMS (23% each) 92%
APPLICATION PAPER 8% 100%
EXAMS
The exams will be closed book and closed notes. Calculators will be supplied. The exams will largely (but not exclusively) be oriented towards problem-solving. The key to learning the subject matter is to practice doing problems. To do well on the exams, you must be able to apply the knowledge gained from doing practice problems to new problems having a similar level of difficulty. Besides the in-class problems, the accompanying daily schedule of classes also lists additional self-study problems to do on your own (solutions to these problems are available at t-square.gatech.edu). Samples of tests from a prior semester can also be found at t-square.gatech.edu.
APPLICATION PAPER
This project should demonstrate the application of one or more accounting topics/issues in an actual organization(s). Some examples of sources are: current or