PRINCIPLES OF ACCOUNTING 2 (EBAN 102)

Course Syllabusllabus

 

INSTRUCTOR:    David Starr-Glass MBA, MSc, MEd

SEMESTER:         Fall 2023

 

 Contact Details

 My job is to ensure that you have a constructive, enjoyable, and successful learning experience. I will provide the support and guidance that you need, but I can only do this if you share your issues, concerns, and difficulties with me. Please feel free to raise any issues before or after the scheduled sessions. Alternatively, you can always reach me at david.starr-glass@touro.edu

  

Course Description

This three credit course will introduce the learner to some of the foundational aspects of accounting for managers and planners, in both manufacturing environments and service centers. The central feature will be the exploration of costs within manufacturing firms: the nature of costs, how they behave over various levels of activity, how they can best be determined, and how they can be projected in the future. We will examine a number of different cost approaches and, in each case, attempt to understand how these approaches measure costs and inform managerial decisions in both the short-term and the long-term. The focus of this course will be on the role of accounting throughout the management planning, controlling, and evaluation phases of the production budget.

 

Learning Objectives

On successfully completing this course the student will be able to carefully articulate and demonstrate competence in solving problems associated with:

• accounting as a tool for managers and their decision making
• the essential building blocks of managerial accounting
• cost-volume-profit (CVP) analysis
• job order costing
• process costing
• activity-based costing (ABC), variable costing, and absorption costing
• budgeting
• standard costs and variances
• responsibility accounting and decentralization
• short-term decision making
• capital budgeting decisions
• balanced scorecard and other performance measures
• sustainability reporting

Additionally, this course supports Touro’s broader institutional objectives by allowing you to:

• Demonstrate awareness of the contemporary world in which you live
• Increase your critical sensitivity towards the complexity of societal and ethical perspectives
• Integrate this study into a broader set of competencies in other related fields of study

 

Textbook

Principles of Accounting Volume 2 Managerial Accounting from OpenStax, ISBN-10: 1-947172-59-X

The textbook is fundamental to the knowledge sharing and knowledge creation in this course and you are required to read the indicated chapters before and after scheduled sessions. For your convenience, a free copy of this book has been embedded in the course platform.

 

Course Schedule

Module		Learning Topic and Material	Notes
1 (Oct 18, 2023)		Chap. 1 -- Accounting as a tool for managers and their decision making	Assignment 1 available (due Nov 14, 2023)
2 (Oct 25, 2023)		Chap. 2 -- The essential building blocks of managerial accounting
3 (Nov 1, 2023)		Chap. 3 -- Cost-volume-profit (CVP) analysis
4 (Nov 8, 2023)		Chap. 4 -- Job order costing	Assignment 1 due Nov 14, 2023   Assignment 2 available  (due Dec 2, 2023)
5 (Nov 15, 2023)		Chap. 5 -- Process costing
6 (Nov 22, 2023)		Chap. 6 -- Activity-based costing (ABC), variable costing, and absorption costing
7 (Nov 29, 2023)		Chap. 7 -- Budgeting
8 (Dec 6, 2023)		Chap. 8 -- Standard costs and variances	Assignment 2 due Dec 2, 2023   Assignment 3 available (due Jan 9, 2024)
9 (Dec 13, 2023)		Chap. 9 -- Responsibility accounting and decentralization
10 (Dec 20, 2023)		Chap. 10 -- Short-term decision making
11 (Dec 27, 2023)		Chap. 11 -- Capital budgeting decisions
12 (Jan 3, 2024)		Chap. 12 -- Balanced scorecard and other performance measures	Assignment 3 due Jan 9, 2024
13 (Jan 10, 2024)		Chap. 13 -- Sustainability reporting

 

 Evaluation

The objective of the course is to allow you to understand and integrate topics covered in the course. The evaluation instruments will be used to assess the degree to which you have understood the course concepts and to apply them in familiar and unfamiliar contexts.

Portfolio of solved accounting problems – a student will keep a portfolio of solved accounting problems. These problems will be assigned in the class and completed at home with open-books and open-notes. Problems must be clearly identified and solutions presented in good professional form.  (Weight: 1 x 25% = 25% of final grade).

Assignments– a selection of accounting problems that cover significant issues encountered in the course. Successful completion requires the demonstration of relevant accounting knowledge and its application. Grading will focus on the extent to which you demonstrates a familiarity with individual concepts and an integration of these to explain and predict real-world scenarios (Weight: 3 x 25% = 75% of final grade)

Formative assessment – feed-back will be provided after each assignment. This will help you understand the extent to which you have fulfilled the learning objectives of the course. Ongoing formative assessment provides the opportunity to assess progress and to reconsider, or correct, difficulties in achieving the final anticipated grade. You are encouraged to discuss your progress and challenges in the course with the instructor. The instructor is dedicated to support you to achieve you educational goals in this course and will be glad to provide constructive advisement.

Grade of A = 90-100%. This reflects outstanding scholarship and superior performance. It indicates that all elements of the evaluation demonstrated a superior level of knowledge, analytical thinking, and synthesis of concepts considered.

Grade of B = 80-89%. This represents good scholarship. It indicates that all elements of the evaluation demonstrated a very sound appreciation and articulation of the required knowledge, analytical thinking, and conceptual synthesis required to master this course.

Grade of C = 70-79%. This represents a satisfactory level of scholarship. All elements of the evaluation demonstrated a basic mastery of the material with a satisfactory level of competence regarding the knowledge, analytical thinking, and conceptual analysis required.

Grade of D = 60-69%. This represents a marginal performance in this course and does not reflect satisfactory progress towards a degree. The student was only able to demonstrate a marginally acceptable level of knowledge, but did not show a satisfactory level of critical analysis or conceptual synthesis.

  Attendance Policy

Attendance together with your active presence and participation in the classroom are judged to be significant components of the learning process. To maximize learning students should attend all sessions, come on time, and have read the assigned chapters. However, it is recognized that emergencies may arise that impact attendance. Wherever possible, please discuss any anticipated absence with your instructor beforehand. 

  Academic Integrity

You should also be aware that this course is subject to Touro’s Academic Integrity Statement, which is as follows:

Touro College and University system is a community of scholars and learners committed to maintain the highest standards of personal integrity in all aspects of our professional and academic lives. Students and faculty are expected to share a mutual respect for teaching, learning and the development of knowledge. Because intellectual integrity is a hallmark of scholarly and scientific inquiry as well as a core value of the Jewish tradition on which our university system was founded, students and faculty are expected to adhere to the highest standards of honesty, fairness, professional conduct of academic work and respect for all community members.

 Academic honesty supports our shared intellectual culture and ability to trust one another. Students must avoid all acts of dishonesty, including, but not limited to: 

• Cheating
• Plagiarizing (presenting the work or ideas of others as your own)
• Tampering (making up information, data, or research results)
• Tampering (unauthorized removal or alteration of College documents, software, equipment, or academic-related materials, including other students’ work)
• Lying
• Working with others when assignments or exams require individual work
• Making unauthorized copies of copyrighted material
• Facilitating or tolerating the dishonesty of others

Academic dishonesty lowers scholastic quality and adversely affects those who will eventually depend on the knowledge and integrity of our graduates. Failure to uphold the principles of academic integrity negatively impacts the reputation of Touro, the values of each and every degree awarded by the institution, and the future success of our graduates. 

The Touro College and University System views violations of academic integrity with the utmost gravity. Such violations will lead to appropriate sanctions, from failure in coursework up to and including expulsion from Touro College and the University System. We commit ourselves to the shared vision of academic excellence that can only flourish in a climate of integrity.  

Touro’s Academic Integrity Statement is an integral part of the spirit associated with this particular course. If you have any questions, you should consult the Dean for advice or clarification.

 

Temporary Faculty Recording and Lecture Capture Policy and Procedure

The Touro College policy for digital audio recording of lectures is as follows:

 

1. Each faculty member will be responsible for recording their own class sessions. The students enrolled in the course are the intended beneficiaries of the recording. The College will provide training materials to faculty to facilitate the implementation of this policy.
2. Any external contributors, and/or guest lecturers must sign a Touro College Consent Form to have their content made accessible to Touro College students via recording. It is the faculty member’s responsibility to obtain the written permission of a guest speaker. If a particular guest speaker does not wish to sign the consent form, the faculty member should find an alternate guest speaker.
3.  Recorded lectures will be posted by each faculty member on the learning management system (Canvas) as soon as possible after the lecture is delivered, but no later than 24 hours after the class session unless students are being tested on the material within 24 hours following the class session, in which case the recording shall be posted within 12 hours.
4. Recordings will be accessible to students through the learning management system (Canvas). Touro College will take reasonable measures to prevent inappropriate use of such recordings.
5. Students may not personally record course lectures, unless as an approved accommodation by the Office of Student Disability Service’s Coordinator for their school, inasmuch as the class lectures/discussions will already be recorded by the faculty member and posted pursuant to this policy.
6. All users of the recordings agree to the terms and conditions of this policy prior to being allowed access the learning management system. The lecture(s) and any information contained in the recorded lecture(s) may not be reproduced, displayed, broadcast, or published without the consent of Touro College. This prohibition includes placing the recording on any webpage or anywhere on the Internet for use by, or access to, any person, including the student. In addition to any legal ramifications, misuse of recordings will be considered inappropriate behavior pursuant to the Touro Code of Conduct, and appropriate disciplinary action will be taken, according to that policy.
7. All recorded lectures will be maintained on servers at least until all enrolled students in that course complete the course and any and all grades of Incomplete have been satisfied.
8. These recordings will be governed by Touro’s Intellectual Property policy. Touro College will maintain the routine recordings of these lectures consistent with the timeframe described above. Recordings are for institutional use only.
9. Recordings may also be accessed for technological quality assurance purposes. Recordings will not be accessed for or used for purposes of faculty evaluation in conjunction with the Touro College Faculty Development and Evaluation Policy (FDEP).
10. Subsequent to posting the class lectures subject to this policy, faculty may edit their lectures for future use within Touro College provided that the edited recording does not contain student discussion and does not identify any student by name or voice.

 

Office of Student Disability Services

Touro College is committed to providing reasonable accommodations to students who request accommodations for their documented disabilities.

Our policies and procedures ensure that students with disabilities will not, on the basis of those disabilities, be denied full and equal access to academic and co-curricular programs or activities or otherwise be subjected to discrimination under programs offered by the College. Our accommodations are designed to meet the educational needs of enrolled students with documented disabilities. If you have any issues or concerns, speak with your TCI student advisor.

Our centralized Office of Student Disability Services (OSDS) is led by an Executive Director who oversees Student Disability Services in the Undergraduate, Graduate, and Professional Divisions.  Dr. Avery Horowitz is the OSDS Director for the Undergraduate Division. Students with disabilities seeking reasonable accommodations should do so through the OSDS coordinator in their respective schools.  Office of Student Disability Services Handbook may also be available in hard copy at each school’s OSDS.