Scheller College of Business

MGT 3000: Financial & Managerial Accounting

Spring 2015 Syllabus
Instructor:
E-mail:
Office:
Office Hours:
Class Time:
Class Location:

Shankar Venkataraman
shankar.venkataraman@scheller.gatech.edu
SCOB 419
TBD
Monday, Wednesday 12:05 P.M. 1:25 P.M.
Technology Square Classroom #102

Objectives of the Course: MGT 3000 is an introductory course in financial and

managerial accounting. By the end of this course, you will learn:

How accounting is used as a language to represent business transactions.

The concepts and standards underlying the measurements used in accounting

to develop the financial statements of businesses.

The use of accounting as an orderly means of recording, classifying, and

presenting useful information from a mass of data derived from transactions
and events affecting a business.

The use and interpretation of financial reports (income statement, balance

sheet, statement of cash flows) prepared for external users as well as the
preparation and use of financial reports (e.g., make or buy decisions, breakeven analysis etc.) for internal users.

Required Materials:

Fundamental Accounting Principles, 22nd Ed., Wild, Shaw, and Chiappetta

(McGraw-Hill, 2015)

Additional Course Resources / Materials:

A. Class Notes (available in T Square prior to class meeting)
B. Homework Problem Solutions (available in T Square after each chapter is
covered in class)
C. Sample Exams (will be available in T Square approximately one week prior to
exams)

Venkataraman

MGT 3000, Spring 2015, Syllabus

D. Solutions to current semester quizzes and in-class exercises (available in T

Square after the quiz / exercise)
E. Website for the primary text book: TBD
Course Routine:
Students are expected to study the chapter readings and other assigned materials
prior to each class meeting. I will normally devote a part of each class period to
the discussion and illustration of selected items from the assigned materials.
Additionally, some class time may be devoted to discussions of short cases,
exercises, and problems. Copies of class notes, usually in the form of Power Point
slides, will be posted to the class website (on T Square) prior to each class meeting.
The notes will follow the text book closely. Students may find it helpful to printout the slides for note taking in class.
Grading and Academic Standards:
Grades will be determined using the following weights:
Exam 1 (Financial)
Exam 2 (Financial)
Exam 3 (Financial)
Exam 4 (Managerial)
Quizzes & in-class assignments

20 %
20 %
20 %
20 %
20 %

Quizzes and in-class assignments will be administered in class throughout the

semester. I expect there will be approximately 10 quizzes and in-class
assignments during the semester. The two lowest quiz/assignment grades will be
dropped while computing your quiz grade.
NO make-up exams or quizzes except for (a) absences required by Georgia Tech
with supporting documentation and (b) documented medical reasons.
Grading Questions or Appeals
Re-grade requests must be sent to me via email identifying the specific item you
want to be re-graded within two weeks of receiving the grade. The re-graded item
will be returned to your folder after review (see section on class administration).
Grading Standards
Letter grades (i.e. A through F) will be determined at the end of the course based
on the weighting scheme outlined above. The absolute scores based on which
grades will be assigned are listed below.

90%
80% 89%
70% 79%

A
B
C

Venkataraman

60% 69%

< 60%

MGT 3000, Spring 2015, Syllabus

D
F

In addition to the grading standard listed above, I retain the discretion to: (a)
employ a grading curve in determining final grades and (b) alter the grading
weights in individual cases for circumstances I deem to be extraordinary.
Homework:
The attached Course Schedule lists the recommended homework questions,
exercises and problems at the end of each chapter to be reviewed in preparing for
class and exams. Students must be able to solve these recommended exercises and
problems in order to understand the material and do well in exams. Homework, as
implied by the name, is not intended to be done in class. Working with fellow
students on homework is encouraged. Homework will not be collected or graded.
Office Hours:
I have regularly scheduled office hours for consultation on matters pertaining to the
course. I encourage students to take advantage of these hours to discuss problems
and to secure assistance where needed throughout the semester.
Course Administration:
Exams / Quizzes Pickup Location: Since there are many students enrolled in
MGT 3000, a bin system will be used to return your graded papers. Distributing
individual assignments in class cuts into our class time. You will be asked to sign a
release to have your papers returned to the binsif you choose not to sign the
release, you will need to pick up your graded quizzes from me. You will find a
folder in the bin with your name on it. All graded items will be returned to your
folder. Your folders will be located at the Undergraduate Commons.
Attendance: Class attendance is not mandatory. If, however, you miss a class,
you could miss a quiz/in-class assignment that is administered in class during that
period. Your grade for a missed quiz/in-class assignment will be counted as zero.
Laptops: You are not allowed to use your laptop during class. The class format is
for you to have a hard copy of the lecture notes in front of you each class so that
you may take handwritten notes to retain in your notebook. If you need special
accommodation, you should let me know.
Classroom Etiquette: With the large number of students in the class, it is
important to have a classroom environment that supports learning for everyone.
This requires that some basic rules of respectful behavior be followed. The
following will NOT be tolerated: (1) talking among students except when we are
working on cooperative class exercises, (2) reading or working on anything except
the material in this class, (3) putting your head down on your desk (sleeping), or (4)
allowing your cell phone to ring during class or otherwise using your cell phone to

Venkataraman

MGT 3000, Spring 2015, Syllabus

browse the internet / text. If you arrive late for a class, you should use the rear
entrance and quietly find a seat in order to minimize disruption to the class.
Academic Honor Code:
Georgia Tech has an Honor Code
(http://www.honor.gatech.edu/plugins/content/index.php?id=9) that engages both
faculty and students in a pact that they will maintain and uphold the integrity of the
academic process. Students in this class are expected to adhere to the Georgia Tech
Honor Code.

Venkataraman

MGT 3000, Spring 2015, Syllabus

DETAILED SCHEDULE
DATE
5-Jan
7-Jan
12-Jan
14-Jan
19-Jan
21-Jan
26-Jan
28-Jan
2-Feb
4-Feb
9-Feb
11-Feb
16-Feb
18-Feb
23-Feb
25-Feb

DAY
M
W
M
W
M
W
M
W
M
W
M
W
M
W
M
W

2-Mar M
4-Mar
9-Mar
11-Mar
16-Mar
18-Mar
23-Mar

CHAPTER
1
2
3
3
4
4
5
6
6
8
9
10
11
13

W
M
W
M
W
M

14
14
16

25-Mar W

17

16

30-Mar M
1-Apr W
6-Apr
8-Apr
13-Apr
15-Apr
20-Apr
22-Apr
FINALS
WK

M
W
M
W
M
W
TBD

18
19, 20
21
21
23
23

TOPIC
Introduction
Analyzing & Recording Transactions
Adjusting Accounts
Preparing Financial Statements
HOLIDAY
Completing the Accounting Cycle
Review of Ch. 1-4
EXAM 1
Accounting for Merchandising Operations
Accounting for Inventories
Determining Cost of Goods Sold
Cash & Internal Controls
Accounting for Receivables
Property, Plant & Equipment
EXAM 2
Current Liabilities
Accounting for Stocks, Dividends, Stock
Splits
Time Value of Money
Long Term Liabilities; Bonds
Statement of Cash Flows
SPRING BREAK
SPRING BREAK
Statement of Cash Flows
Ratio Analysis; Analysis of Financial
Statements
EXAM 3
Managerial Accounting Concepts &
Principles
Job Order & Process Costing
Cost-Volume-Profit Analysis
Cost-Volume-Profit Analysis
Flexible Budgets
Standard Costs
COURSE REVIEW
EXAM 4

Venkataraman

MGT 3000, Spring 2015, Syllabus

HOMEWORK ASSIGNMENTS

CHAPTER
1
2
3
4
5
6
8
9

Quick Study
1, 2, 4, 7, 9
2, 3, 4, 6
1, 2, 4, 7, 9, 11, 20
5, 6, 9
3, 4
4, 5, 6, 10, 11, 12
2, 3, 5, 6
1, 2, 3, 4, 12

10
11
13
14
16
18
19

2, 3, 4, 8, 9
3, 4, 9, 10, 13
2, 8, 10, 11, 14, 16
2, 3, 4, 9, 10, 12, 17, 18
1, 3, 11, 12, 13
1 -11
1, 2, 3, 6, 8, 9, 11
2, 3, 4, 5, 7, 8, 10, 11,
12
2, 3, 6, 10, 12, 16
2, 6, 8, 10, 11, 14

20
21
23

Exercises
8, 9
4, 5, 7, 9
2, 6, 8
3, 11, 12
1, 4, 5, 15
3, 7, 13
9
1, 3, 4, 6, 9, 15

Problem Set
A
1, 2
1
4
1, 2
1, 3
4
-

Problem Set
B
3, 4, 5, 6
6
3, 8
2, 3, 4

Beyond
the
Numbers
3
10
7
3
4
7
3
9

7, 8, 9, 10, 13, 16,

17, 19, 20
3, 10, 12, 14, 15
3, 5, 10, 12
1, 2, 13, 14
4, 11
2, 5, 8
1, 3, 5, 14

5, 8, 11
1, 3
1, 4
-

2, 4, 5, 8
4
1, 3
1, 4

4
7
4
3
7

2, 3, 4, 6, 12
2, 3, 5, 8, 16, 24
1, 2, 5, 7, 11, 19

3, 4
4, 6, 7
-

2
2, 4, 6

7
7
4, 7

In addition to the homework problems assigned above, all chapters have Multiple
Choice Quiz questions (with answers) and Discussion Questions. I encourage you
to review those as well to understand the material better.