ST. GREGORY’S UNIVERSITY

ACE Business @ Chandler
COURSE SYLLABUS for August-October 2001

COURSES	BU 2113 Financial Accounting BU 3023 Management EC 2113 Microeconomics
TIME/LOCATION	Tuesday, 1730-2130 (5:30-9:30 pm)
PREREQUISITE	Sophomore standing
INSTRUCTORS	Mayda Shorney, Ph.D., CPA		Connie S. Farthing
E-MAIL	mshorney@sgc.edu		csfarthing@sgc.edu
PHONE (Home)	405-214-6449		405-728-6709
OFFICE/PHONE	Room 442a, 405-878-5159		Room 442b, 405-878-5150
WEB SITE	http://intranet.sgc.edu/people/faculty/mshorney/		http://intranet.sgc.edu/people/faculty/csfarthing/

 

COURSE DESCRIPTIONS FROM OFFICIAL BULLETIN

 

BU 2113                     Financial Accounting

An introductory course covering the historical development of business and accounting.  The preparation of financial statements is demonstrated as well as their use in cash management and performance evaluation.  Additional concepts such as the time value of money, long-term debt, and equity financing are studied.  The course concludes with a comprehensive evaluation of a firm’s profitability, financial position, and cash flows.  Prerequisite: Sophomore standing and CS 1823.

 

BU 3023                     Principles of Management

An introductory course to the management processes providing an in-depth study of the organizational functions of planning, organizing, leading, and controlling for organizational enterprises.  Problems and cases analyses are conducted of classic and contemporary management issues and of conflicting interests in traditional and virtual organizations. Prerequisite: BU 2123

 

EC 2113                     Microeconomics

Economic concepts are vital to understanding business decisions and individual choices.  This course provides students with a basic understanding of the elements of microeconomics, or economics within and between organizational units.  Major components include: economic growth, market structures, demand, supply, elasticity, pure competition, pure monopoly, monopolistic competition, oligopoly, production and demand, pricing and employment and current economic problems.

 

OBJECTIVES

·         Learn who the users of accounting information are and why they find accounting information useful.

·         Understand the data reported on each financial statement and the way statements relate to each other.

·         Understand the effects of revenues, expenses and cash flows on the financial statements.

·         Demonstrate why financial ratios are important and how trend analysis can be used most effectively.

·         Discuss contemporary management issues and challenges.

·         Describe the ethical and social environments of management.

·         Describe how to use SWOT analysis in formulating organizational strategy.

·         Summarize the planning process and describe organizational goals.

·         Define decision-making and discuss types of decisions and decision-making conditions.

·         Characterize the nature of motivation, including its importance and basic historical perspectives.

·         Describe the role and the importance of communication in the manager’s job.

·         Explain the purpose of control and describe the steps in the control process.

·         Understand the concepts of economic markets and the price system.

·         Describe demand and supply and explain how they combine to produce equilibrium prices.

·         Apply elasticity to demand and supply as well as to determinates of demand other than price.

·         Understand production and cost theory from the perspective of short and long run supply analysis.

·         Understand and describe perfect competition, monopoly, monopolistic competition, and oligopoly.

·         Understand how imperfect information affect consumers and producers.

 

ACHIEVING THESE OBJECTIVES

These objectives can only be achieved through joint effort. We will work to stimulate your interest and learning in these areas, but you will be expected to display initiative and a program of self-study as well.  In that sense, a complementary objective of the course is to provide you with an environment that will encourage and reward your own intellectual effort, while simultaneously maintaining rigorous standards that identify those who are motivated to pursue excellence in their own educational preparation for a business career.

 

ACADEMIC HONESTY

Students are advised that cheating and plagiarism are not tolerated at St. Gregory’s University.  Students are expected to abide by the University's academic regulations and policy and are responsible for awareness of the University's definition of these activities. The consequences of violating the academic honesty standard may include a grade of "0" on the assignment/exam, a grade of "F" in the course, and, possibly, expulsion from the University.

 

REQUIRED TEXT AND SUPPLEMENTAL MATERIALS TO BE PURCHASED BY STUDENT

·         Dixon, Robert L. and Harold E. Arnett, The McGraw-Hill 36-Hour Accounting Course, Third Edition, McGraw-Hill, 1993.  ISBN 0070140940.

·         Montana, Patrick J. and Bruce H. Charnov, Management, Third Edition, Barron's Educational Service, 2000.  ISBN 0764112761.

·         Wessels, Walter J., Economics, Third Edition, Barron's Educational Service, 2000.  ISBN 0764112740.

 

MANAGEMENT BOOKS TO BE USED FOR REPORT AND PRESENTATION

·         Adams, Scott, The Dilbert Future: Thriving on Stupidity in the 21^st Century, Harper Business, 1997.

·         Adams, Scott, The Dilbert Principle: A Cubicle's-Eye View of Bosses, Meetings, Management Fads & Other Workplace Afflictions, Harper Business, 1996.

·         Bennis, Warren and Robert Townsend, Reinventing Leadership, Quill, 1995.

·         Buskirk, Richard H., Frontal Attack, Divide & Conquer, The Fair Accompli & 118 Other Tactics Managers Must Know, John Wiley & Sons, 1989.

·         Drucker, Peter F., Management Challenges for the 21^st Century, Harper Business, 1999.

·         Freiberg, Kevin and Jackie Freiberg, NUTS! Southwest Airlines Crazy Recipe for Business and Personal Success, Bard Press, 1996.

·         Hammer, Michael, Beyond Reengineering: How the Process-Centered Organization is Changing Our Work and Our Lives, Harper Press, 1996.

·         Kaplan, Robert S. and David P. Norton, The Balanced Scorecard: Translating Strategy into Action, Harvard Business School Press, 1996.

·         Kotter, John P., A Force for Change: How Leadership Differs from Management, Free Press, 1990.

·         Maynard, Micheline, Collision Course: Inside the Battle for General Motors, Birch Lane Press, 1995.

·         Morris, Tom, If Aristotle Ran General Motors: the New Soul of Business, Henry Holt, 1997.

·         O'Boyle, Thomas F., At Any Cost: Jack Welch, General Electric, and the Pursuit of Profit, Knopf, 1998.

·         Porter, Michael E., Competitive Strategy: Techniques for Analyzing Industries and Competitors, Free Press, 1980.

·         Tsang, Cheryl, Microsoft First Generation: The Success Secrets of the Visionaries who Launched a Technology Empire, John Wiley & Sons, 2000.

 

INTERNET RESOURCES

http://www.hoovers.com/	http://www.sec.gov/
http://www.quicken.com/	http://www.rutgers.edu/Accounting/raw/
http://www.cbsmarketwatch.com/	http://www.bondsonline.com/
http://www.dismal.com/	Bank of America Weekly Briefing
Bureau of Economic Analysis	The Cato Institute
Economic Statistics Briefing Room	National Bureau of Economic Research
The American Institute of Stress	http://www.shrm.org/
http://www.amanet.org/	http://www.mapnp.org/library/

 

METHODS OF ASSESSMENT AND STUDENT EVALUATION

Financial analysis of a Fortune 500 company for Financial Accounting with Presentation	25%
Report on a management book for Management with Presentation	25
Report on a current economic topic for Microeconomics with Presentation	25
Homework / Participation / Quizzes / Group projects	25
Total points	100%

 

PRESENTATIONS

Being prepared and present for presentations is your responsibility. The presentations will be done on schedule. Mark your calendars now.

 

ATTENDANCE POLICY

Attendance is recorded and reported. However, attendance does not add points to the grade. Students should be aware that research shows a strong correlation between attendance and course grade. Absence will not be considered an excuse for submitting assignments late.

 

COURSE OUTLINE

The schedule is flexible. Much material is required. It is not possible for an instructor to cover all the course material without student independent study. As students are interested in a particular topic or as test scores warrant review, more time will be spent on a chapter, or as may be required.

 

Week	Management	Microeconomics	Accounting
08/14	Introduction and syllabus Choose a book	Introduction and syllabus Choose a topic	Introduction and syllabus Choose a company Read Handout and work HW Set A
08/21	Read Ch. 01 and 02	Read Ch. 01 and 02	Annual Reports Read Ch 02 and Handout, Set B Income Statement Read Ch 01, 05, 08, 09 and Handout, Set C: Balance Sheet, Assets Read Ch 05, 12 and Handout, Set D
08/28	Definition and Overview History and Concepts Read Ch 03 and 04	Economics and Graphs   Read Ch 03 and 04	Balance Sheet, Liabilities   Read Ch 10, 11 and Handout, Set E
09/04	Social Responsibility Resource Management Skim Ch 05 - 09	Supply and Demand   Read Ch 17 and 18	Balance Sheet, Stockholders' Equity   Read Ch 05, 07 and Handout, Set F
09/11	Decision-Making Planning Read Ch 10 - 12	Elasticity Theory of Demand Read Ch 19	Statement of Cash Flows   Read Handout, Set G
09/18	Organizing Read Ch 13 and 14	Cost and Output Read Ch 20 - 22	Financial Statement Analysis
09/25	Motivating and Leading Read Ch 15 Controlling Read Ch 16 and 17	Competition and Monopoly     Read Ch 26 and 27
10/02	Workgroups and Communications	Wages and Rents Read Ch 28 and 29 Public Choice, Externalities and Government
10/08	Report about your book	Report about your topic	Report about your company