Professor: Margaret R. Garnsey
Note: The course is up on Blackboard (https://Blackboard.siena.edu/Blackboard/). The syllabus and tentative schedule are on the site at this time, and you are expected to check Blackboard and your email frequently for announcements, etc.
Acct 200 Specifically, students must thoroughly understand economic transactions, the construction of basic financial statements, and the interrelationships that exist among the basic financial statements.
Students should have an understanding of business statistics (including basic regression analysis and concepts).
The student is expected to possess a working knowledge of spreadsheets, as well as the ability to use quantitative manipulation of information within a decision-making context. The ability to write about and research business topics is also expected.
School of Business Mission Statement
The mission of the School of Business is to offer values oriented, intellectually stimulating educational programs that prepare students for business careers and continuing intellectual and professional development. The School of Business places paramount importance on teaching and learning in an atmosphere enriched by business collaboration, professional activity, and scholarship. This is accomplished by integrating the College’s liberal arts and Franciscan traditions with current business theory, skills, and practices.
The concept of academic integrity lies at the very heart of any college. This is particularly true of Siena with its strong Franciscan tradition and its dedication to fostering sound moral growth. In such an environment, academic dishonesty cannot be tolerated. Students who commit such acts expose themselves to punishment as severe as dishonorable dismissal from the college.
Academic dishonesty can take several forms, including, but not limited to, cheating [dishonesty in a test situation], plagiarism [dishonesty in the presentation of materials in a paper or report], and computer abuse. In any situation in which a student is unsure what constitutes academic dishonesty, it is the student’s responsibility to raise the question with his or her instructor. It is also the student’s responsibility to be familiar with the student guidelines on academic dishonesty, “ Academic Integrity and the Siena Student.” A thorough discussion of guidelines for applying standards of academic integrity is provided at the Siena website: www.Siena.edu/advising/integrity.html
ACCT 205 is the study of Managerial Accounting. As the second half of the accounting introductory course for business majors, it continues to emphasize the role of accounting in management decision making. This course should be viewed as a decision-making course rather than a traditional “accounting” course. The topics covered are vital to all students in understanding the use of financial information in analyzing and making decisions both in business and personal situations. The analytical tools mastered here should be valuable throughout your business career regardless of the field that you pursue.
Specific, Assessable Learning Objectives:
The student will be able to:
Additional Major Objectives:
The student will be able to:
Managerial compared to Financial Accounting
Ethical Considerations in Management Decision Making
The course grade will be based on the points earned from the total points available throughout the semester (NO extra credit is available):
Plus and minus grades will be given to those students who either just missed the next grade or who were very close to dropping down to the next letter grade (within 15 points of the cutoff).
Use of calculators:
The accounting department has adopted a policy of restricting the use of certain programmable calculators on in-class and final exams in the first two accounting courses. Students may choose to bring a simple four-function calculator for exams or may bring their TI-83 with the understanding that the memory will have to be cleared before the test can be administered. What follows explains the steps that need to be followed to clear the entire memory on a TI-83 Plus (anything in brackets is a button on the calculator).
You hit [2nd],[+],, then scroll over to the right twice to get to the "ALL" menu.
Then hit , .
The calculator will respond by wiping itself clean, and a message pops up at the end of this routine that says "Mem cleared"