Course Syllabus

ACC 220
Survey of Accounting: The Maze of Numbers
Course Start Date: 6/11/2012
Course End Date: 8/12/2012
Please print a copy of this syllabus for handy reference
!hene"er there is a #uestion about $hat assi%n&ents are due' please re&e&ber this syllabus is
considered the rulin% docu&ent
Copyright
Copyright 200 by !niversity of "hoeni#$ All rights reserve%$
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Facilitator Information
(ill Chan%' )S' )(A' C*P' Ch*C
b#chang.email$phoeni#$e%u /!niversity of "hoeni#0
po,%ermill2123.yahoo$com /"ersonal0
+,-./62.0-82 /-ST0
*acilitator A"ailability
) am available from a$m$4 p$m$ Central Time on most %ays( but ) attempt to reserve Sun%ay for my
family$ 5uring the ,ee&( ) am online most of the time %uring that a$m$4 p$m$ perio%$
6n Satur%ays( ) ten% to be online in the morning only$ )f these times are not convenient for you( please let
me &no,$ ) ,ill be happy to accommo%ate your sche%ule( if possible$ ) provi%e you ,ith these times to
ma&e it easier to communicate ,ith me( an% not to limit our contact$
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Where to Go to Class
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Policies
7or class policies please see the "olicies lin& on the left si%e of the Materials page for the course on
campus$ 7aculty an% stu%ents*learners ,ill be hel% responsible for un%erstan%ing an% a%hering to all
policies containe% ,ithin that lin&$ !niversity policies are sub=ect to change so please be sure to rea%
them at the beginning of each class as it may have change% since your last class$ "olicies may be slightly
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is important you rea% the policies governing your current class mo%ality$
Technical Support
Technical Support is available 21 hours a %ay( >2? %ays a year$ Call @4A334A>241A23( or use the e4mail
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Grading Formula

Points 2rade
?D A
041 A4
A34A CD
A14A2 C
A04A> C4
3343 CD
31432 C
3043> C4
2342 5D
21422 5
2042> 54
E? 7
Course Description

-very business %epen%s on its accountants to organize an% maintain financial information$ Accountants
translate the maze of numbers most people see into valuable information that &eeps a company going$
This course intro%uces stu%ents to the accounting profession an% the role accounting plays in business$
Stu%ents learn the fun%amentals of accounting principles an% the accounting cycle$
Course Topics & Objectives
!ee3 4ne: Careers and Accountin% in (usiness
Summarize the role accounting plays in business$
5iscuss the importance of ethics in financial reporting$
5iscuss the various career opportunities ,ithin the fiel% of accounting$
!ee3 5$o: 1ntroduction to State&ents 1

Compare an% contrast sole proprietorships( partnerships( an% corporations$
5efine commonly use% accounting terms$
'ive e#amples of the %ata foun% on various financial statements$
!ee3 5hree: 1ntroduction to State&ents 11
5iscuss characteristics to consi%er ,hen revie,ing a financial report$
)%entify the components of groups ,ithin a classifie% balance sheet$
!ee3 *our: Cash )ana%e&ent
5iscuss principles of internal control$
Summarize ,ays companies can monitor internal cash control$
-#amine the basic principles of cash management$
!ee3 *i"e: )ana%erial Accountin%
Compare an% contrast managerial accounting an% financial accounting$
Analyze managersF use of accounting information$
!ee3 Si6: Cost' 7olu&e' and Profit
-#plain the components of cost4volume4profit analysis$
!ee3 Se"en: 8oo3in% at (ud%ets
5iscuss the benefits of bu%geting$
-#amine the use of %ifferent types of bu%gets$
!ee3 Ei%ht: 0esponsibility Centers and 1ncre&ental Analysis
)%entify the components of a fle#ible bu%get$
5iscuss the accountability of each type of responsibility center$
'ive e#amples of business %ecisions that ,oul% involve incremental analysis$
!ee3 9ine: Principles and Practices
Assess ho, accounting principles an% practices function ,ithin a business$
Course Materials

Bimmel( "$( +eygan%t( G$( H Bieso( 5$ /200>0$ Essentials of accounting: Tools for business decision
making /secon% -%$0$ <obo&en( NG: +iley$
All electronic materials are available on your stu%ent +eb site$
Supple&ental 0esources
A#ia College is Writing Style Handbook( available online at
https://axiaecampus.phoenix.edu/Writing_Style_Handbook_AxiaUOP.pd
Point Values for Course
ssignments
ASS129)E95S Points
1ndi"idual :100;<
Careers and Accountin% in (usiness /+ee& @0 ?0
1ntroduction to State&ents 1 /+ee& 20 @>0
1ntroduction to State&ents 11 /+ee& >0 ?0
Cash )ana%e&ent /+ee& 10 @>0
)ana%erial Accountin% /+ee& ?0 ?0
Cost' 7olu&e' and Profit /+ee& 20 @>0
8oo3in% at (ud%ets /+ee& 30 ?0
0esponsibility Centers and 1ncre&ental Analysis
/+ee& A0
@>0
Principles and Practices /+ee& 0 2A0
End of Class





5otal 1'000
Week One
Careers and Accountin% in (usiness
Summarize the role accounting plays in business$
5iscuss the importance of ethics in financial reporting$
!iscuss the #arious career opportunities $ithin the ield o accounting
Course ssignments
@$ Course Preparation
0ead the course %escription an% ob=ectives$
0ead the instructorFs biography an% post your o,n$
2$ 0eadin%s
0ead Appen%i# A$
0ead Ch$ @ of Essentials of ccounting!
>$ Chec3point: Career 6pportunities
7isit the !$S$ 5epartment of 8abor( Cureau of 8abor Statistics at
http://$$$bls%o"/oco/ocos001ht& for an overvie, of the accounting fiel%$
7isit $$$careers.in.accountin%co& for a%%itional %etails such as salary e#pectations
an% general =ob e#pectations$
8ocate three =ob postings ,ithin your state for positions in the fiel% of accounting$
!rite a 2004 to >004,or% summary of the e%ucational re;uirements for each position( the
starting salary /if liste%0( an% a brief %escription of the responsibilities of the position$
1$ Discussion =uestions
Case% on ,hat you &no, about accounting( ,hat role %o you see it playing in business
operationsI <o, %epen%ent %o you thin& a business is on its accounting %epartmentI
-#plain ,hy$

+hy are ethics so important in the fiel% of accountingI
Weekly !eminders
Su&&ary of !ee3 1 Deli"erables
Assi%n&ent 8ocation Due
Discussion =uestions 1
Case% on ,hat you &no, about accounting( ,hat role %o
you see it playing in business operationsI <o, %epen%ent
Main 52*+B@
%o you thin& a business is on its accounting %epartmentI
-#plain ,hy$
Discussion =uestions 2
+hy are ethics so important in the fiel% of accountingI Main 51*+B@
Chec3point: Career 6pportunities
7isit the !$S$ 5epartment of 8abor( Cureau of 8abor
Statistics at http://$$$bls%o"/oco/ocos001ht& for an
overvie, of the accounting fiel%$
7isit $$$careers.in.accountin%co& for a%%itional
%etails such as salary e#pectations an% general =ob
e#pectations$
8ocate three =ob postings ,ithin your state for positions in
the fiel% of accounting$
!rite a 2004 to >004,or% summary of the e%ucational
re;uirements for each position( the starting salary /if liste%0(
an% a brief %escription of the responsibilities of the position$
)n%ivi%ual 5?*+B@








Week T"o
1ntroduction to State&ents 1
Compare an% contrast sole proprietorships( partnerships( an% corporations$
5efine commonly use% accounting terms$
'ive e#amples of the %ata foun% on various financial statements$
Course ssignments
@$ 0eadin%s
0ead Ch$ @ of Essentials of ccounting!
2$ Chec3point: "roprietorships( "artnerships( H Corporations
E6plain the %ifferences bet,een a proprietorship( a partnership( an% a corporation in 200 to
>00 ,or%s$ +hy ,oul% an entrepreneur ,ant to choose one over the otherI )f you ,ere
starting a ne, business( ,hich ,oul% you chooseI -#plain ,hy$
>$ Assi%n&ent: 7inancial Statements
!rite a >?04 to 3004,or% paper %escribing a balance sheet( an income statement( a retaine%
earnings statement( an% a statement of cash flo,s$ <o, %oes a company use these financial
statements to ma&e future business %ecisionsI !se an% %efine the follo,ing terms in your
paper ,hen e#plaining ho, a company uses the information on the statements:
o Assets
o Comparative statements
o 8iabilities
o Stoc&hol%erFs e;uity
*or&at your paper accor%ing to A"A stan%ar%s$
Post your paper as an attachment$
Weekly !eminders
Su&&ary of !ee3 2 Deli"erables
Assi%n&ent 8ocation Due
Chec3point: "roprietorships( "artnerships( H Corporations
E6plain the %ifferences bet,een a proprietorship( a
partnership( an% a corporation in 200 to >00 ,or%s$ +hy
,oul% an entrepreneur ,ant to choose one over the otherI )f
you ,ere starting a ne, business( ,hich ,oul% you chooseI
-#plain ,hy$
)n%ivi%ual 51*+B2
Assi%n&ent: 7inancial Statements
!rite a >?04 to 3004,or% paper %escribing a balance sheet(
an income statement( a retaine% earnings statement( an% a
statement of cash flo,s$ <o, %oes a company use these
financial statements to ma&e future business %ecisionsI !se
an% %efine the follo,ing terms in your paper ,hen e#plaining
ho, a company uses the information on the statements:
o Assets
o Comparative statements
o 8iabilities
o Stoc&hol%erFs e;uity
*or&at your paper accor%ing to A"A stan%ar%s$
Post your paper as an attachment$
)n%ivi%ual 53*+B2









Week T#ree
1ntroduction to State&ents 11
5iscuss characteristics to consi%er ,hen revie,ing a financial report$
)%entify the components of groups ,ithin a classifie% balance sheet$
Course ssignments
@$ 0eadin%s
0ead Ch$ 2 H 1 of Essentials of ccounting$
2$ Chec3point: Classifie% Calance Sheets
!rite a 2004 to >004,or% response e#plaining ,hat information ,oul% be foun% in each of the
follo,ing groupings on a classifie% balance sheet an% ho, that %ata might in%icate the future
success or failure of a business:
o Current assets
o 8ong4term investments
o "roperty( plant( an% e;uipment
o )ntangible assets
>$ Discussion =uestions
+hen revie,ing a financial report( ,hy must information be reliable( relevant( consistent( an%
comparableI +hy are these accounting characteristics importantI +hat &in%s of problems
might result if a financial report is not reliable( relevant( consistent( or comparableI
<o, %oes information from financial reports influence business %ecisionsI +hy is it important
for business managers to un%erstan% the information foun% on financial reportsI
Weekly !eminders
Su&&ary of !ee3 - Deli"erables
Assi%n&ent 8ocation Due
Discussion =uestion 1
+hen revie,ing a financial report( ,hy must information be reliable(
relevant( consistent( an% comparableI +hy are these accounting
characteristics importantI +hat &in%s of problems might result if a
financial report is not reliable( relevant( consistent( or comparableI
Main 52*+B>
Discussion =uestion 2
<o, %oes information from financial reports influence business
%ecisionsI +hy is it important for business managers to un%erstan%
the information foun% on financial reportsI
Main 51*+B>
1$ Chec3point: Classifie% Calance Sheets
!rite a 2004 to >004,or% response e#plaining ,hat
information ,oul% be foun% in each of the follo,ing
groupings on a classifie% balance sheet an% ho, that %ata
might in%icate the future success or failure of a business:
o Current assets
o 8ong4term investments
o "roperty( plant( an% e;uipment
o )ntangible assets
)n%ivi%ual 5?*+B>








Week $our
Cash )ana%e&ent
5iscuss principles of internal control$
Summarize ,ays companies can monitor internal cash control$
-#amine the basic principles of cash management$
Course ssignments
@$ 0eadin%s
0ead Ch$ 1 of Essentials of ccounting$
2$ Chec3point: Cash Management Matri#
>se Appen%i# C$ 7or each principle in the matri#( %escribe ho, the principle ensures the
reliability of a companyFs financial statements an% provi%e at least one e#ample of ho, the
principle might ,or& in a real company$ 5o not use e#amples from your te#t$
Post Appen%i# C as an attachment$
>$ Assi%n&ent: )nternal Cash Control
!rite a 3004 to @(0?04,or% paper that a%%resses the follo,ing ;uestions:
o Jea% scenario -14? on p$ @1 of your te#t$ Ans,er ;uestions A H C$
o Jea% scenario "14@A on p$ @3 of your te#t$ Ans,er the ;uestion at the bottom of the
scenario piece$
o Jea% scenario "142A on p$ @3 of your te#t$ Ans,er ;uestions A( C( H C$
1nclude ho, a company might use the five basic principles of cash management to increase
accuracy for a business$
*or&at your paper accor%ing to A"A stan%ar%s$
Post your paper as an attachment$
Weekly !eminders
Su&&ary of !ee3 / Deli"erables
Assi%n&ent 8ocation Due
Chec3point: Cash Management Matri#
>se Appen%i# C$ 7or each principle in the matri#( %escribe
ho, the principle ensures the reliability of a companyFs
financial statements an% provi%e at least one e#ample of
ho, the principle might ,or& in a real company$ 5o not use
e#amples from your te#t$
)n%ivi%ual 51*+B1
Post Appen%i# C as an attachment$
Assi%n&ent: )nternal Cash Control
!rite a 3004 to @(0?04,or% paper that a%%resses the
follo,ing ;uestions:
o Jea% scenario -14? on p$ @1 of your te#t$ Ans,er
;uestions A H C$
o Jea% scenario "14@A on p$ @3 of your te#t$ Ans,er the
;uestion at the bottom of the scenario piece$
o Jea% scenario "142A on p$ @3 of your te#t$ Ans,er
;uestions A( C( H C$
1nclude ho, a company might use the five basic principles
of cash management to increase accuracy for a business$
*or&at your paper accor%ing to A"A stan%ar%s$
Post your paper as an attachment$
)n%ivi%ual 53*+B1









Week $ive
)ana%erial Accountin%
Compare an% contrast managerial accounting an% financial accounting$
Analyze managersF use of accounting information$
Course ssignments
2$ 0eadin%s
0ead Ch$ ? H 2 of Essentials of ccounting$
3$ Chec3point: A Ne, Company
!rite a 2004 to >004,or% response to the follo,ing: :ou have been hire% into a ne,
company to oversee the accounting %epartment$ +hat type of financial reports ,oul% you
e#pect to see in your %epartmentI <o, ,ill you use the financial reports available to you to
ma&e business %ecisionsI
A$ Discussion =uestions
<o, ,oul% you %escribe the %ifference bet,een financial an% managerial accountingI +hat
are the %istinguishing features of managerial accountingI
Select a management functionK planning( %irecting an% motivating( or controllingKan%
e#plain ho, that function relates to business as a ,hole$ Ne#t( select a %ifferent function
liste% by a classmate$ 5iscuss ,ith your classmate ho, the functions you each selecte%
complement each other$
Weekly !eminders
Su&&ary of !ee3 ? Deli"erables
Assi%n&ent
8ocation Due
Discussion =uestion 1
<o, ,oul% you %escribe the %ifference bet,een financial an%
managerial accountingI +hat are the %istinguishing features
Main 52*+B?
of managerial accountingI
Discussion =uestion 2
Select a management functionK planning( %irecting an%
motivating( or controllingKan% e#plain ho, that function
relates to business as a ,hole$ Ne#t( select a %ifferent function
liste% by a classmate$ 5iscuss ,ith your classmate ho, the
functions you each selecte% complement each other$
Main 51*+B?
Chec3point: A Ne, Company
!rite a 2004 to >004,or% response to the follo,ing: :ou have
been hire% into a ne, company to oversee the accounting
%epartment$ +hat type of financial reports ,oul% you e#pect to
see in your %epartmentI <o, ,ill you use the financial reports
available to you to ma&e business %ecisionsI
)n%ivi%ual 5?*+?








Week Si%
Cost' 7olu&e' and Profit
-#plain the components of cost4volume4profit analysis$
Course ssignments
@$ 0eadin%s
0ead Ch$ 2 of Essentials of ccounting!
2$ Chec3point: Cost( Lolume( an% "rofit Muestions
!rite a 2004 to >004,or% response that a%%resses ;uestions 3( ( H @1 in the Muestions
section on p$ 2A1N2A? of the te#t$
>$ Assi%n&ent: Cost( Lolume( an% "rofit 7ormulas
0e"ie$ the follo,ing illustrations foun% in Ch$ 2 of your te#t: 24@2( 24@?( 24@3( 24@A( 24@( H
2420$
!rite a >?04 to 3004,or% paper that a%%resses the follo,ing:
o -#plain the components of cost4volume4profit analysis$
o +hat %oes each of the components meanI
o Case% on the formulas you have revie,e%( ,hat happens to contribution margin per unit
,hen unit4selling prices increaseI )llustrate your e#planation ,ith an e#ample from a
fictitious company of ho, an increase in unit selling prices might affect contribution
margin$
o +hen fi#e% costs %ecrease( ,hat %oes this %o for salesI )llustrate your e#planation ,ith
an e#ample from a fictitious company$
o 5efine contribution ratios$
o +hat happens to contribution ratios as one of the components changesI
*or&at your paper accor%ing to A"A stan%ar%s$
Post your paper as an attachment$
Weekly !eminders
Su&&ary of !ee3 6 Deli"erables
Assi%n&ent 8ocation Due
Chec3point: Cost( Lolume( an% "rofit Muestions
!rite a 2004 to >004,or% response that a%%resses
;uestions 3( ( H @1 in the Muestions section on p$ 2A1N2A?
of the te#t$
)n%ivi%ual
51*+B2
Assi%n&ent: Cost( Lolume( an% "rofit 7ormulas
0e"ie$ the follo,ing illustrations foun% in Ch$ 2 of your te#t:
24@2( 24@?( 24@3( 24@A( 24@( H 2420$
!rite a >?04 to 3004,or% paper that a%%resses the
follo,ing:
o -#plain the components of cost4volume4profit analysis$
o +hat %oes each of the components meanI
o Case% on the formulas you have revie,e%( ,hat
happens to contribution margin per unit ,hen unit4
selling prices increaseI )llustrate your e#planation ,ith
an e#ample from a fictitious company of ho, an
increase in unit selling prices might affect contribution
margin$
o +hen fi#e% costs %ecrease( ,hat %oes this %o for salesI
)llustrate your e#planation ,ith an e#ample from a
fictitious company$
o 5efine contribution ratios$
o +hat happens to contribution ratios as one of the
components changesI
*or&at your paper accor%ing to A"A stan%ar%s$
Post your paper as an attachment$
)n%ivi%ual 53*+B2









Week Seven
8oo3in% at (ud%ets
5iscuss the benefits of bu%geting$
-#amine the use of %ifferent types of bu%gets$
Course ssignments
@$ 0eadin%s
0ead Ch$ 3N of Essentials of ccounting$
2$ Chec3point: Cu%gets Matri#
>se Appen%i# C to %efine each of the types of bu%gets liste% an% %escribe their uses$
Post Appen%i# C as an attachment$
>$ Discussion =uestions
<o, %oes bu%geting help management ma&e goo% business %ecisionsI
+hat are some of the %ifferent types of bu%getsI 5escribe in %etail one type of bu%get
covere% in the te#t$ 5escribe ,hat the bu%get is use% for an% ,hat information it provi%es a
business$ As you respon% to your classmates( %iscuss ho, the bu%get you %escribe% relates
to the bu%gets they %escribe%$ 5iscuss ho, a business benefits from each of the bu%gets$
Weekly !eminders
Su&&ary of !ee3 , Deli"erables
Assi%n&ent 8ocation Due
Discussion =uestion 1
<o, %oes bu%geting help management ma&e goo%
business %ecisionsI
Main 52*+B3
Discussion =uestion 2
+hat are some of the %ifferent types of bu%getsI 5escribe
in %etail one type of bu%get covere% in the te#t$ 5escribe
,hat the bu%get is use% for an% ,hat information it provi%es
a business$ As you respon% to your classmates( %iscuss
ho, the bu%get you %escribe% relates to the bu%gets they
%escribe%$ 5iscuss ho, a business benefits from each of
the bu%gets$
Main 51*+B3
Chec3point: Cu%gets Matri#
>se Appen%i# C to %efine each of the types of bu%gets
liste% an% %escribe their uses$
Post Appen%i# C as an attachment$
)n%ivi%ual 5?*+B3








Week Eig#t
0esponsibility Centers and 1ncre&ental Analysis
)%entify the components of a fle#ible bu%get$
5iscuss the accountability of each type of responsibility center$
'ive e#amples of business %ecisions that ,oul% involve incremental analysis$
Course ssignments
@$ Chec3point: 7le#ible Cu%gets
0espond in 200 to >00 ,or%s( to the follo,ing:
o +hat is a fle#ible bu%getI
o +hat are the steps to %eveloping a fle#ible bu%getI
o +hat information is foun% on a fle#ible bu%get reportI
o <o, is that information use% to evaluate performanceI
2$ Assi%n&ent: Jesponsibility Center "resentation
)magine you have been selecte% by your manager to present a training session to a group of ne,
employees$ The ne, hires %o not have accounting bac&groun%s an% have little or no ,or& history
in a responsibility center$ The purpose of this training session is to e#plain the functions of each
of the %ifferent responsibility centers$
De"elop a @04 to @24sli%e Microsoft
@
"o,er"oint
@
presentation that you may use as part of
this training session$
E6plain ,hat each of the %ifferent responsibility centers is an% ,hat each is accountable for
an% ,hy each center has its o,n bu%get$
Pro"ide an e#ample of the &in%s of %ecisions ,here incremental analysis ,oul% be use% in
each center$
1nclude spea&er notes for your presentation$
Post your presentation as a Microsoft
@
"o,er"oint
@
attachment$
Weekly !eminders
Su&&ary of !ee3 8 Deli"erables
Assi%n&ent 8ocation Due
Chec3point: 7le#ible Cu%gets
0espond in 200 to >00 ,or%s( to the follo,ing:
1n%ivi%ual 51*+BA
o +hat is a fle#ible bu%getI
o +hat are the steps to %eveloping a fle#ible bu%getI
o +hat information is foun% on a fle#ible bu%get reportI
o <o, is that information use% to evaluate performanceI
Assi%n&ent: Jesponsibility Center "resentation
)magine you have been selecte% by your manager to present a
training session to a group of ne, employees$ The ne, hires %o
not have accounting bac&groun%s an% have little or no ,or&
history in a responsibility center$ The purpose of this training
session is to e#plain the functions of each of the %ifferent
responsibility centers$
De"elop a @04 to @24sli%e Microsoft
@
"o,er"oint
@

presentation that you may use as part of this training
session$
E6plain ,hat each of the %ifferent responsibility centers is
an% ,hat each is accountable for an% ,hy each center has
its o,n bu%get$
Pro"ide an e#ample of the &in%s of %ecisions ,here
incremental analysis ,oul% be use% in each center$
1nclude spea&er notes for your presentation$
Post your presentation as a Microsoft
@
"o,er"oint
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)n%ivi%ual 53*+BA









Week &ine
Principles and Practices
Assess ho, accounting principles an% practices function ,ithin a business$
Course ssignments
@$ *inal ProAect: Cusiness "lan
:ou ,ant to start your o,n business$ :ou foun% an investment group that is ,illing to give you
the capital nee%e% for the first year of your business( but only if you can convince them you have
a soli% plan for the success of this business$ :our investor is very concerne% ,ith ho, the
accounting functions of this business ,ill be han%le%$
!rite a 3004 to @(0?04,or% paper base% on the scenario above$
Persuade your investor to put up the capital by a%%ressing the follo,ing ;uestions in your
business plan:
o +hat is the name of your businessI
o +hat type of business structure is itKsole proprietorship( partnership( or corporationI
+hy %i% you choose that structureI
o +hat type of services or pro%ucts %oes your business provi%eI
o +hat role ,ill accounting play in the start up of your businessI
o +hat type of ,or& characteristics ,ill you loo& for ,hen hiring your accounting staffI
o +hat e%ucation shoul% a person have in bu%geting( internal controls( an% cash
management before going into businessI
o +hat &in%s of internal controls ,ill you put in place for the businessI
o <o, ,ill your managers use financial information to pre%ict outcomes for your businessI
*or&at your paper accor%ing to A"A stan%ar%s$
Post your paper as an attachment$
2$ Capstone Discussion =uestion
Thin& bac& over ,hat you have stu%ie% an% learne% in this course$ 5o you have a ne,
perception of or appreciation for the fiel% of accounting an% ho, it contributes to businessI
-#plain$
Weekly !eminders
Su&&ary of !ee3 + Deli"erables
Assi%n&ent 8ocation Due
Capstone Discussion =uestion
Thin& bac& over ,hat you have stu%ie% an% learne% in this course$ 5o you
have a ne, perception of or appreciation for the fiel% of accounting an%
ho, it contributes to businessI -#plain$
Main 5>*+B
*inal ProAect: Cusiness "lan
:ou ,ant to start your o,n business$ :ou foun% an investment
group that is ,illing to give you the capital nee%e% for the first year
of your business( but only if you can convince them you have a
soli% plan for the success of this business$ :our investor is very
concerne% ,ith ho, the accounting functions of this business ,ill
be han%le%$
!rite a 3004 to @(0?04,or% paper base% on the scenario
above$
Persuade your investor to put up the capital by a%%ressing the
follo,ing ;uestions in your business plan:
o +hat is the name of your businessI
o +hat type of business structure is itKsole proprietorship(
partnership( or corporationI +hy %i% you choose that
structureI
o +hat type of services or pro%ucts %oes your business
provi%eI
o +hat role ,ill accounting play in the start up of your
businessI
o +hat type of ,or& characteristics ,ill you loo& for ,hen
hiring your accounting staffI
o +hat e%ucation shoul% a person have in bu%geting( internal
controls( an% cash management before going into
businessI
o +hat &in%s of internal controls ,ill you put in place for the
businessI
o <o, ,ill your managers use financial information to pre%ict
outcomes for your businessI
*or&at your paper accor%ing to A"A stan%ar%s$
Post your paper as an attachment
)n%ivi%ual 53*+B
End of Class