Syllabus

Rutgers University School of Business. Professor Mark A. Breckwoldt, CPAAccounting for Entrepreneurs and Small Business

Rutgers UniversityRutgers Business School – Newark & New Brunswick

Department of Accounting and Information Systems

Accounting for Entrepreneurs and Small Business -33:382:103:02For Non-Accounting Majors

SyllabusFall 2013

Section 04Room 5109, Livingston Campus

T, FR, 10.20 – 11.40AM

Professor: Mark A. Breckwoldt, CPAOffice: To be announcedLivingston Campus94 Rockafeller RDPiscataway, NJ, 08854-8045

ph. 732-322-1485fax 732-545-4357 Email: [email protected]

NOTE: The syllabus is subject to change at any time. Students will be notified of any changes via the Blackboard. I suggest you check the Blackboard 3 times a week for announcements. YOU MUST HAVE PURCHASED CONNECT. All HW will be done on line and will be assigned in CONNECT. Please make sure you have bought the book and CONNECT by the first class.

Office Hours: By appointment please

Required Textbook: College Accounting 2e, McGraw Hill PublishersLoose-leaf edition WITH CONNECT Title: Loose-leaf, College accounting 2/e w/Connect plus access code

Author: Wild

ISBN #: 978-007-801152-8 or 007-801152-3

Publisher: McGraw-hill

of 5 33:382-103Syllabus Summer 2013


The net price to the bookstore is $119 vs. $158 for the identical hardback edition with Connect plus code.

CONNECT IS REQUIRED FOR THE CLASS. ALL HW WILL BE DONE IN CONNECT.

You can visithttp://mpss.mhhe.com/connectlinks.php to register.

Please, turn your cell phones off before entering the classroom! Please do not text, facebook or email during class.

Course Description: This course is designed to give the students an overview of basic Financial Accounting, Bookkeeping, Budgeting, Management, Choice of Business Entity, Quickbooks, Payroll and borrowing.

Course Design: This course consists of lectures, videos, discussions, and problem solving. You are expected to have read the assigned materials and reviewed the assigned homework problems prior to attending class.

Grading: The final grade is determined as follows:22.5 points Exam 122.5 points Exam 2

35 points Final Exam20 points HW

I will also periodically post actual business cases to the Blackboard. There will be test questions selected from these articles as well.

Attendance: Classes must be attended. Please be punctual. You are allowed 2 unexcused absences and 2 excused absences for interviews, illness or religious purposes. IF YOU MISS AN EXAM I REQUIRE PROOF OF INTERVIEW, DOCTORS NOTE, OR OTHER RELATIVE DOCUMENTS DEPENDING ON THE SITUATION. I will take 1 point off the final grade for each absence thereafter.

Examinations: All examinations are ‘closed book’ unless otherwise specified. The midterm exams will be given during the regularly scheduled class period, with no make-ups. All cell phones, IPods, and other electronics must be turned off while taking an exam. Email me if


http://mpss.mhhe.com/connectlinks.php


you think you have a conflict with any scheduled exams. You are allowed to use a calculator only. No Laptops, blackberries, Iphones, cell phones, etc.

Course Website:Course announcements, materials, homework solutions and other information will be posted on the course website at:

http://blackboard.newark.rutgers.edu.

Use your Rutgers NETID and Password to login.

Homework is mandatory and will be assigned weekly. Homework will be done via “CONNECT” and will count 10% towards your final grade.

Academic Integrity: The University policy on academic integrity will be strictly enforced. All suspected violations of the policy will be pursued and the maximum penalty imposed. Any cases of cheating will be brought to the dean’s office and could result in a permanent dismissal from Rutgers Business School. (see attached document)

Inclement Weather:In the case of inclement weather consult the University’s ‘Campus Operating Status’ at:

1. http://campusstatus.rutgers.edu 2. http://nb.rutgers.edu 3. RU-TV Channel 34. WCTC 1450 AM5. 732-932-INFO (4636)

Computers and Software: YOU MUST HAVE A COMPUTER WITH INTERNET ACCESS. YOU MUST HAVE EXCEL, POWER POINT AND WORD VERSION 2003 OR HIGHER. Much of this course and many of your other classes at RBS will require you to use the MS OFFICE Suite.

Introduction to Managerial AccountingDate Chapter/Topic HW Problems (exercises)Sept 3 TSept 6 FSept 10 T

Class Introduction/ Course informationCh -1 Introduction to AccountingCh -2 Accounting for Business Transactions

(see connect)

Sept 13 F Ch -3 T Accounts – Double Entry AccountingSept 13 F Review of Chapters 1-3 HWSept 17 T Ch -4 General Ledger, Trial Balance,

Ch -5 Adjustments and Financial StatementsSept 20 F Tax forms Sept 24 T Ch -6 Month End Close and Financial Statements

Ch -7 Fraud, Ethics, Enron


http://nb.rutgers.edu/

http://campusstatus.rutgers.edu/

http://blackboard.newark.rutgers.edu/


Sept 27 F Payroll Taxes and Payroll CompaniesOct 1 T Ch -8 Cash and Cash Controls

Ch -9 Payroll and Payroll Taxes, 941, 940, NJ 927

Oct 4 F Review – Exam 1, CH 1-9 In class review for ExamOct 8 T EXAM 1, Chapters 1-9 and Ta Forms EXAM PERIODOct 11 F Ch -10 Employer Payroll Taxes

Ch -11 Merchandise sales, Accounts ReceivableOct 15 T Choice of Entity

Oct 18 F Ch -12 Merchandise Purchases, Accounts PayableA/P Aging system and controlsCh -13 Merchandiser’s Adjustments and Trial Balance

Oct 22 T Ch -14 Merchandiser’s Financial statementsCh -15 Accounts Receivable, Bad debt

Oct 25 FOct 29 T QuickBooks TutorialsNov 1 F Ch -16 Notes Payable, Notes Receivable

Ch -17 Inventory, Cost of sales, Physical inventory

Nov 5 T Exam 2 Chapters 10-18Nov 8 F Ch -18 Assets, Natural Resources, Intangibles

Ch -19 Partnership Accounting

Nov 12 T Ch -20 Corporate Formations, StocksChoice of Entity – C Corp, S Corp, TaxesPass through EntitiesCh -21 Corporate Earnings, Distributions, Taxes

Nov 15 F Ch -22 BondsCh -23 Cash Flow Reporting; Direct Indirect mthd

Nov 19 T Ch -24 Ratios and Analysis,Ch -25 Managerial Accounting

Nov 22 F Business Cases Why do small businesses fail?Nov 26 T Ch -28 Budgets

Nov 28, 29 Thansgiving Holiday – no Class NO CLASSDec 3 T Exam – Tax forms Choice of Entity Exam PeriodDec 6 F Review of ExamDec 10 T Insurance costs – Workers comp, liability, Property and casual



Dec 13 F Health Care Insurance Costs Guest SpeakerDec 17 T FINAL EXAM


Syllabus

Documents

Transcript of Syllabus