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Texas Woman’s University

School of Management

BUS 5433*21 – Managerial Accounting – SUMMER 2017 Classes Meet on Saturdays: June 10, 24, & July 8, 2017

9 AM to 4 PM Location: TWU Dallas Health Science Center, Room 2706

Class Syllabus Instructor: Dr. John H. Nugent, LLM, CPA, CFE, CISM, FCPA Office: Denton Campus, CFO Building, Office 503 Phone: Cell (214) 682-8025 / Office (940) 898- 2153 (cell phone is best) Email: Office: jnugent@twu.edu Office Hours: Monday and Tuesday, 9 AM to Noon, and By Appointment Required Text and Materials – ONLY REGISTER with HARMONY after you have received an OK from the professor. Registering earlier, may cause you to have to pay extra fees. Harmony will open three weeks before our first in-class meeting. Also make sure your register for the correct course section.

Baker, P. Accounting Essentials for Managers, 4th edition, Purchased online at the Harmony web site

along with online tools to accompany the text including: e-text, recorded lectures on each topic, practice quizzes, example financial statements, practice problems and solutions, etc. Price $125. Please select the appropriate COURSE SECTION (21) when enrolling on-Harmony – otherwise you may be charged additional fees.

Harmony Registration and Course Access Process

Harmony Issues: Email questions to: harmony.support@electecpress.net

Specific harmony Instructions: Go to: https://electecpress.digitalchalk.com/dc/guest/login Create an account using your email address and chosen password

Log into the site using the email address and password you created

Click on the Catalog at the top of the page

Find your class by looking at colored squares. Be SURE that you choose your specific class with the right instructor and right term

Purchase access Then when you log in, you will go straight to the class

A pdf version of the course text may be found in the course modules sections on Blackboard. Please print out this version of the text book if you want a paper copy. You must still pay the course fee for Harmony which includes an electronic copy of the course text. Also placed in the Course Modules section are two volumes of a leading accounting text for your reference. When following the Harmony link above, you may receive a warning asking if you wish to continue. Please select yes, you wish to continue. The reason for this warning is that Harmony has not registered its security certificate.

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In Harmony, there are 4 required exams. DO NOT COMMENCE TAKING THESE EXAMS UNTIL AND UNLESS YOU HAVE READ THE TOPICS/ CHAPTERS IN THE TEXT BOOK, REVIEWED THE TOPIC/CHAPTER POWER POINTS, WORKED THE PRACTICE PROBLEMS, READ THE TOPIC/CHAPTER LECTURE NOTES, AND LISTENDED TO ALL THE TOPICS/CHAPTERS LECTURES IN HARMONY. Practice has shown that students who prepare as suggested pass all of the four required exams. Good tutorial web site: www.AccountingCoach.com

Students will have access to the text, recorded lectures on all topics and example problems on e-Harmony. Practice Problems will be provided as well. A PDF copy of the course text is in the course modules section on Blackboard. Simple Calculators will be permitted to be used on in-class exams. No calculators on phones will be permitted. Moreover, no phones may leave the room once an in-class exam has begun. This course is an introductory accounting course and does not qualify for CPA Exam credit.

All Topic lecture notes, practice problems, problem solutions, and Topic Power Points are available in Blackboard in the Course Modules section as is the course text in pdf format. So if you want to get started early, this is the place to go (Course Modules section for this course on Blackboard. Additionally, two documents that will be of assistance in this course: “How to Read a Financial Report” by Merrill Lynch, and Accounting Basic Rules (a word document) are also in the Course Modules Section on Blackboard.

Course Description

BUS 5433. Managerial Accounting involves the use of accounting information in decision making; changes in financial position; budgets, responsibility accounting, and quantitative techniques. The course also covers the basics of the primary financial statements. Course Credit: Three hours. Course Objectives The success of all business organizations requires the use of accounting concepts and practices (if we cannot measure it, we cannot manage it). Accounting provides key data to managers for planning and controlling as well as for costing products, services and assessing customers. In order to be an effective manager, one must understand the basics of both financial and managerial accounting. This course is designed to help the manager with a minimal background in accounting to understand the basics of financial statements and how managers use accounting data to plan, control and make decisions. Student Learning Outcomes Students will be able to describe the structure and content of financial statements. Students will be able to use managerial accounting tools to make decisions.

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GRADING RUBRIC Student Learning Outcomes ( Criteria)

1 (Unsatisfactory) <70

2 (Emerging) 70-79

3 (Proficient) 80-89

4 (Exemplary) >90

Students will be able to describe and apply the content and structure of accounting governance, financial statements and tools. Course Assessment Methods

1) Online exams 2) In-Class Exams 3) In-class

discussion 4) Application by

undertaking a financial analysis case and class presentation

Students cannot demonstrate an understanding and application of these issues and tools.

Students can demonstrate an understanding and application of some of these issues and tools.

Students can demonstrate an understanding and application of most of these issues and tools.

Students can demonstrate an understanding and application of all of these issues and tools.

Students will be able to use financial and managerial accounting tools and analyses to make decisions. Course Assessment Methods

1) Online exams 2) In-Class Exams 3) In-class

discussion 4) Application by

undertaking a financial analysis case and class presentation

Students cannot demonstrate an understanding and application of these issues and tools.

Students can demonstrate an understanding and application of some of these issues and tools.

Students can demonstrate an understanding and application of most of these issues and tools.

Students can demonstrate an understanding and application of all of these issues and tools.

NEW: POST COURSE ASSESSMENT: In your capstone course, you will be tested on accounting subject matter in an independent, external assessment exam administered by Peregrine Academic Services. This direct, independent assessment is becoming the norm for most accredited business schools. So, please retain your

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course material for all SOM courses. Also, practice material for this Peregrine outbound assessment exam will be made available shortly for accounting, as well as HR, Marketing, IT, Management, etc. business subjects. The Peregrine exam is an assessment of what one should learn in an MBA program. Prerequisites There are no specific prerequisites for the course. However, it is helpful if students have completed both BUS 2043 and BUS 2053 or their equivalents prior to taking this course. If not, do not fear; the class is designed to be a first accounting class – but much work is required. Students are expected to be proficient in the Microsoft Office suite of products (Word, PowerPoint, Excel, and Access), and in the use of Internet browsers, prior to commencing studies for this course. For students that need to enhance their proficiency in any of these areas, free tutorials are available at Lynda.com. Earning YOUR Grades You will earn your grades based on the following measures: Quiz 1 – Financial Accounting 190 points (Day 2) - in-class based on readings & in class lecture Quiz 2 – Managerial Accounting 190 points (Day 3) - in-class based on readings & in class lecture Online Participation / Work 150 points (Lectures / Readings and Quizzes on Harmony)

In-Class Participation 20 points (Must be present for all day for all of the 3 class periods)

In-Class Financial case Presentation 50 points – team presentation on a company assigned Total points possible 600 points A = 540+ B = 480 – 539 C = 420 – 479 D = 360 – 419 F= <359 It is Imperative that you take very good notes in the lectures on in-class days one and two in order to pass the two in-class quizzes. The in-class quizzes are based solely on the course readings and in-class lecture material.

THE Four Required E-HARMONY QUIZZES ARE ALL OR NOTHING Quizzes. Each quiz is worth 37.5 points for a total possible score of 150 points. YOU MUST EARN A 70 on each required Harmony quiz TO EARN ALL THE Harmony required quiz POINTS, BUT YOU EARN ZERO POINTS FOR A SCORE BELOW 70. You may ONLY take each required e-harmony quiz ONCE. Once you have scored a 70 or better, the respective quiz closes to you. It is extremely important to listen to the Harmony lectures and read all material on Harmony in order to successfully pass those online Harmony quizzes. The Bonus Quiz may only be taken ONE time, but you earn all points for each correct answer. Each Bonus quiz question is worth 1.5 points for a total possible score of 15 points for 10 questions.

IT IS RERQUIRED THAT THE IN-CLASS EXAMS PASSED BACK OUT TO STUDENTS FOR REVIEW WITH THE PROFESSOR, ARE TO BE IMMEDIATELY RETURNED TO THE PROFESSOR UPON COMPLETION OF THE REVIEW

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FOR GRADING PURPOSES. ANY STUDENT WHO LEAVES THE ROOM WITH HIS/HER EXAM WILL RECEIVE A GRADE OF ZERO FOR THAT RESPECTIVE EXAM.

Missing Classes, Exams, and Assignments A student who misses a class will be assigned an attendance grade of zero unless s/he misses due to an acceptable, documented excuse. A student with an acceptable, documented excuse will be allowed attendance points or to turn in an assignment late; as long as the assignment is completed by a date acceptable by the professor. Generally, there are no makeup in-class quizzes. If a student misses a class with an acceptable, documented excuse, approved by TWU’s Office of Student Life; P.O. Box 425379, Denton, TX 76204-5379

940-898-3615 (phone) and accepted by the professor, you may be permitted to take a make-up exam or receive credit for a missed session for the following reasons: 1) Major illness or death of a close family member 2) Illness of the student or a dependent child that requires documentable medical attention on the day of class 3) Out of town, documentable travel required by employer on the day of the missed class 4) Out of town, documentable trip required by scholarship obligations on the day of class 5) Out of town, documentable travel required as an elected officer of a recognized campus organization that occurs on the day of class 6) Observation of a recognized religious holiday (You must alert the instructor ahead of time) 7) Other extreme, documentable reasons that the professor deems sufficient. TWU Student Life will contact the professor if it determines your request is acceptable. No other reasons will be accepted. We have almost 700 students taking this class each year, and the SOM must be fair and give equal treatment to all students. Please do not ask for special treatment; it cannot be given. Some of the online work involves online quizzes. Students will be given a specific time during which they must complete the work. Returned Papers and Grades You will know your Harmony grades immediately after taking your quizzes. Please check your grades online after they are posted. For your closed book in-class quiz grades, these exam grades will be reviewed in class immediately following the respective in-class quiz, so all students know what they got right or wrong. Grades for these quizzes will also be posted to Blackboard. You have until the next day after each exam/quiz to discuss with the professor any questions about grading. After that time, the papers are recycled and the grades stand without question. Late assignments will be graded as the professor has time and will receive reduced credit if accepted by the professor.

Class Schedule Prior to Day 1

Read Topics 1 -10 on Harmony.

Watch the online recorded lectures on Harmony. Review the lecture notes and power points for these topics/chapters. Work the practice sets where available.

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Complete the first two required Harmony quizzes (Quiz 1 and 2) on the Topics/Chapters on Harmony, which will require that you earn at least a 70% on each required quiz to earn the points. You may take the quizzes ONLY one (1) time. You must achieve a 70% pass rate before your score counts. Harmony quizzes are open book quizzes. You should complete Harmony Required Quiz 1 (Topics/Chapters 1) and Quiz 2 (Topics/chapters 2 & 3) before our first in-class after Harmony opens.

Day 1 Harmony Quiz 1 – Topic/Chapter 1; Quiz 2 Topic/Chapter 2 & 3 should have been completed

9:00—10:30 Syllabus; Tools and In class Exam1 review; Comments on Unit 1; Accounting Ethics; Internal Control;

10:30—10:45 Break

10:45—12:00 AIS; Income Statement and Statement of Retained Earnings

12:00— 1:00 Lunch

1:00— 2:30 Balance Sheet, Statement of Shareholders equity, Statement of Cash Flows

2:30— 2:45 Break

2:45— 3:45 Financial Statement Analysis

3:45— 4:00 Questions / Closing Remarks

Prior to Day 2 Harmony take Harmony Quiz 3 – Topic/Chapter 10

Review Topic/Chapter 10. Read Topics 11 and 14 on Harmony.

Listen/Watch the Online Lecture on Topics 10, 11 and 12 on Harmony. Review the lecture notes and power points for these chapters. Work the practice sets where available.

Complete quiz 3 (and possibly quiz 4) on Harmony. You must earn at least 70% to get full credit. You may take the quizzes ONLY once. However, once you have scored 70% or better, that quiz will close and you will have earned 100% of the points.

Practice Problems are provided on Blackboard to help prepare for Harmony Quizzes. You should complete the required Harmony quiz 3 (topics/chapter 10) before this second class. You may also take Harmony quiz 4 before this second class, but taking quiz 4 by this time is not required.

Day 2

9:00—11:00 In Class Exam 1 on material covered in Lecture 1 first class meeting – 20 questions: multiple choice, diagram & discuss, spell out terms, financial statement presentation, define and explain topics

11:00—11:15 Break / Review Exam Solutions

11:15 – 12:00 In class 1 exam solution review

12:00— 1:00 Lunch

1:00— 2:00 Cost Accounting Systems and Reports Cost Behavior

2:00— 2:15 Break

2:15— 3:45 Cost Volume Profit Analysis

3:45— 4:00 Exam 2 in class review. Questions/ Closing Remarks

Practice Problems provided on Blackboard to help prepare for Quiz. Prior to Day 3 Harmony Quiz 4 – Topic/Chapter 11; Bonus Quiz Topics/Chapters 15-18

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You should complete required Harmony required quiz 4 (topic/chapter 11) and the Bonus Quiz before this third class. The Bonus quiz may be taken only one time, but all points earned are added to your overall grade.

Day 3

9:00—11:00 In class Exam 2 on material covered in Lecture 2 second class meeting – 25 questions. Define and discuss, diagram and discuss, calculate certain financial measures (IRR, B/E, Inventory turns, days sales in inventory, working capital and the working capital ratio

11:00 to 11:15 Break

11:15 - Noon Review Exam 2 Solutions

12:00— 1:00 Lunch

1:00— 2:15 Continue with Team Financial Analysis Presentations

2:15— 2:30 Break

2:30— 3:45 Continue with Team Financial Analysis Presentations

3:45— 4:00 Continue with Team Financial Analysis Presentations

BUS 5433 - Management Accounting Assignments

A. Online Work / Participation – Harmony – Students should complete this work in accordance with the

schedule above. (Harmony required quizzes 4 @ 37.5 points each for a total of 150 points) B. In-Class Exam 1 (190 points) – In Class – Simple Calculators permitted

a. Exam covering ONLY data discussed on the first day of class and all material in chapters 1-10 and on Blackboard. The exam will be given in class at the beginning of class on day 2.

b. Will be reviewed with solutions immediately after the exam is completed c. Practice problems will be provided on Blackboard.

C. In-Class Exam 2 (190 points) – In Class – Simple Calculators permitted a. Given in class at the beginning of Day 3 b. Exam Covers ONLY material covered on Day 2 in class and on course reading material found in

Blackboard D. Attendance / In-Class Participation (20 total points for 3 days attendance: 7,7, & 6 points

respectively) a. Students receive points for each full day of class attendance. The purpose of these points is to

encourage you to attend class and remain engaged in class for the full day. b. It is understandable that sometimes you may choose to miss class or may be forced to miss

class. If you miss class for one of the reasons shown on previous pages with a documented excuse acceptable to the professor, you will not lose the points for the missed class. However, you must present documented data that is approved by the professor. You will not receive credit for other reasons.

E. Team Financial Case Analysis and Presentation (50 points) – In the third class day each team will present its analysis of a public company’s financial statements assigned by the professor via a Power Point Presentation to the Class. The assessment rubric appears in the Course modules section on Blackboard.

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F. Bonus Quiz in Harmony (15 points) a. Students are recommended to take the online bonus quiz on Harmony before Day 3 for bonus

points. This quiz may be only taken once. b. Practice Problems will be provided on Blackboard to help with review.

General Good Preparation for this course: Class: There is much material in the Course Modules Section on Blackboard. Much of this material is duplicative of what you will find on Harmony – such as: 1) Complete Course text book in pdf format, 2) Topic/Chapter power points, 3) Topic/Chapter lecture notes, and 4) Topic/Chapter exercises (not all chapters have exercises). 5) Topic/Chapter lectures are only found on Harmony but need to be listened to to pass the Harmony required quizzes. This material was placed in Blackboard so that you more easily can download it all to your desk/laptop. This is a great first step in getting going. Moreover, the text book in pdf format may be downloaded in its entirety from the Course Modules section on Blackboard, versus just a few pages at a time from the Harmony site. It is suggested as you read the course text book, topic/chapter ppts, lecture notes, etc.; that you add to the course text book index and glossary important items and their respective text page numbers not already found there. Print out the text book index and glossary so you may add items in pen and keep the updated hard copy of the index and glossary handy for taking the Harmony open book exams. This practice will greatly assist you in finding items you need to refresh yourself on when taking the open book Harmony quizzes. That is, you will have little down time when looking for information. I find the text book index somewhat lacking. So adding such information will enhance your learning and probability of doing well on the Harmony quizzes. Before the First Class (this class in Blackboard was opened to students):

1) You should have become completely familiar with the course syllabus and course requirements 2) You should have read before the first class, the course text book topics/chapters 1 to 10 and

completed Harmony Quizzes 1 and 2 (quiz two covers topics/chapters 2 and 3) afrer reading all the support material relating to these quizzes.

3) You should have read the following documents from the course modules section: a. Welcome to Accounting & Updated Basic Accounting rules – contents on the first in class exam b. IRR Calculation Explanation – on in class exam 2 – will be covered in Class 1 c. Breakeven Calculation Details – on in class exam 2 – will be covered in Class 1 d. Risk Management and the COSO framework “Leveraging Risk…’ - on in-class exam1 – know the

cube models completely. Be able to draw, label, and discuss contents. Will be covered in class 1.

e. SEC and internal controls f. SAB 99 – Materiality g. SAB 101 and 104 – Revenue Recognition – 38% of all F/S frauds are carried out by false revenue

recognition entries h. Tools power points – contents addressed in class – material on first and second in class exams

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i. Non GAAP Accounting – ASR 142 j. In the first class, you will be assigned to a company team in order to meet the financial analysis

course requirements. See below “Financial Analysis Requirement’ for what to do.

Before Second Class:

1) You should have completed Harmony quizzes 3 and possibly 4. 2) You should have completed all readings found in the Course Modules section. 3) You should be using the free Basic Accounting texts (Volumes I and II) placed in the Course modules

sections to enhance your understanding of accounting – these volumes have a great index and should be used as a supplement to the basic course text

4) You should have studied the material addressed in our first class lecture for the first in class exam administered in Class 2

Before our Third Class:

1) You should have studied the material addressed in our second in class lecture 2) You should have studied the material addressed in our second class lecture for the second in class

exam administered in Class 3 3) You should have taken the Harmony Quiz 4 if not already done so, and the Harmony Bonus quiz 4) You will present your team’s financial analysis of the company assigned.

Financial Analysis Requirements Checklist: Read from the course modules section on Blackboard:

1) How to Read a Financial Report from Merrill Lynch 2) SEC Edgar Tutorial – Edgar is where company financials are located 3) Financial Analysis Rubrics 4) Use all online sources for research: Yahoo Finance, ZACK’s, published reports, industry reports, RMA &

Standard & Poors reports (RMA and Standard & Poors reports are available in the reference section of most public libraries – you will need your company’s SIC or NIAC code) etc. The TWU library has many good electronic financial databases (Lexus Nexus, and sub data bases within Lexus Nexus) etc.). Ms. Stephany Compton is the TWU SOM librarian. She is a good contact if you get stuck in locating financial information.

You will have 20 minutes to present your company financial analysis in ppt format to the class followed by a 10 minute Q&A administered by the professor and class. Please make your questioning of the teams insightful and challenging. At least one member of each team is required to ask a challenging question of the team presenting. The teams will go in alphabetical or numerical order. The teams may decide who on the team presents (one, some, all). But all team members must stand for the Q&A. Please remember all team members are responsible for the entire presentation – SO CHECK EACH OTHERS’ WORK!! Each team will select a team lead. Before our third in class meeting each team member will submit to the team lead their assessment scores of their other team members on a 1 (low) to 5 (high) point scale. The assessment should be a single score (no decimals, no fractions). The assessments should be based on: 1) quality of team member contribution,

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2) timeliness of team member contribution, and 3) team member participation in meeting this team requirement (participated in meetings, calls, etc., offered to assist if help was needed in other than assigned task). The team lead by class three should email the professor the averaged scores for each team member. You may NOT score yourself. A scoring template appears in the Course Module Section on Blackboard. It is suggested that each team develop a Team Statement of Work (SOW). It is also suggested this be done via an Excel Spreadsheet tool. Start off by listing the team charter – ‘develop a financial analysis of Company XXXX for the years x, y, z.’ Then under the charter, list the team member names, phone numbers, and email addresses. The under the team data, list all tasks to be completed, Then in columns to the right of the tasks to be completed, show the team member responsible for that task, in the next column to the right when the draft of the task is due, and in the third column to the right when the final submission is do. This procedure will serve 2 purposes: 1) it communicate what each is responsible for, and 2), serves as a management tool to ensure all tasks are timely met. We all know how projects get behind – one day at a time. Each team lead needs to email this Team SOW to the professor before our second in-class meeting. Students with Disabilities

If you anticipate the need for reasonable accommodations to meet the requirements of this course, you must register with the office of Disability Support Services [DSS] (CFO 106, 940-898-3835, dss@twu.edu) in order to obtain the required official notification of your accommodation needs. Please plan to meet with DSS professionals by appointment or during office hours to discuss approved accommodations and how your course requirements and activities may impact your ability to fully participate in your courses. If located at the Dallas or Houston Teaching Centers, please communicate with DSS initially by phone or email." If claiming a disability you will need to provide the course professor with the documents provided you by the DSS office prior to the first class.

Extra Time to Complete Assignments / Special Consideration Professionalism and ethics are essential in all areas of academia and accounting, including situations that merit mutual respect between students and professors. Per TWU Policy, and in the spirit of ethical and just behavior, professors must treat all students in the same manner. Therefore, as a matter of ethical practice, no special consideration can be given to any student. At times, hardships of a nature occur that cause students to be unable to complete work in the assigned timeframe. Students who have such documentable hardships must contact both TWU Student Life (Student Life Office, Student Union; Room 206, P.O. Box 425379, Denton, TX 76204-5379, 940-898-3615 (phone), 940-898-3629 (fax) and the professor within one week of the occurrence (or have a friend or family member contact Student Life and the professor on her/his behalf). At that time, the student, or the student’s representative, may request specific, additional time for completion of any item that is not turned in on time. The professor will determine what is fair based on data from TWU Student Life and the particulars of the situation. Requests for extra time made later in the semester for earlier work not timely submitted will not be accepted. Professionalism from both student and professor demands that incomplete work, reasons therefore, and permission granted/not granted to complete late work be addressed right away. Under NO circumstances will the professor entertain requests for extra time at the end of the semester. If students need extra time at that point, it is the student’s responsibility to apply for the grade of Incomplete (I) and request extra time to complete the course work, if s/he qualifies for an Incomplete Grade under TWU

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Policy. (Please see the section on Incompletes to determine if the student qualifies to request an Incomplete - http://www.twu.edu/registrar/grades.asp). Begin this semester and go through this semester knowing that it is unlikely that you will be given special consideration. Be prepared; be aware of all due dates and requirements; check online at least every 48 hours to see if any changes have been made to the course syllabus or course requirements; complete your work by the due dates. Such is the behavior of a professional and what is required of each student to complete this class successfully. Internet and Email All students are expected to have access to the Internet and have email addresses in order to contact the instructor and other students. Students MUST be certain that their email address on Blackboard is correct and functional (no full email buckets). Data may be sent by your professor via email, and you may miss important information if your email is not set up and maintained properly. Please be sure to check your email often and that your in box is not full. STUDENTS MUST ALSO INFORM THE PROFESSOR ON DAY ONE OF THE COURSE IF THEY ARE UNDER TWO NAMES IN THE COURSE AND/OR TWU SYSTEMS. THIS APPLIES PRINCIPALLY TO WOMEN WHO MAY HAVE MARRIED AND ADOPTED THEIR SPUSES NAME DURING THEIR TENURE AT TWU. THESE ARE YOUR RESPONSIBILITIES. The Classroom Proper decorum is required in the classroom with mutual respect for all other students. Student Responsibility Your responsibilities are to come to class each day prepared, have timely read all assigned materials and completed the required assignments/readings/quizzes, etc. by their assigned due dates and times. Always be ready to discuss the assigned materials and ask questions to clarify any parts of the material that you do not understand. You are expected to take the quizzes online and in class as scheduled and abide by academic honesty. You are expected to be respectful and professional at all times to the professor and other students. Study Time EMBA classes are designed to take twice as much time OUTSIDE of class as in class. Three-hour graduate college classes normally have 45 class hours plus homework and outside work. With 18 in-class hours, the remaining time of 27 class hours plus all other work (usually three hours for each class hour spent) must be done outside of class. This is a class that requires significant outside time—including reading the text and supplemental course material, undertaking team assignments, watching/listening audio/video lectures, completing required quizzes and practicing problems. Keeping up with the material covered is critical and will vastly improve your grade. Your learning experience will depend upon your efforts. Group Studying / Missed Classes You are strongly encouraged to use group study techniques. Consider working with various members of your class when working on homework, preparing for quizzes and undertaking the team assignment. If you have to miss class for any reason, you are responsible to get any missed information from a classmate. Because of the short time for the class and the tenets of fairness, the instructor is unable to give private sessions to individual students. However, the professor holds regular office hours, and may be reached by phone or email to explain or provide guidance on any course matters. Additional Help

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Some limited additional help may be available from the Accounting Graduate Assistants. Further, there are senior accounting majors that are willing to serve as extra tutoring assistance. Financial statement analysis and cost accounting texts may be of assistance as well. Call (940) 898-2109 to ask for the Accounting Lab hours. The lab number is (940) 898-2109 twuacctlab@gmail.com). If a private tutor is desired, one can be recommended. The lab is located on the 4th floor in the CFO Building. Academic Honesty All students are expected to be academically honest. Every effort will be made by your instructor and this department to discourage any type of cheating. This includes, but is not limited to, printing exam questions from Blackboard; sharing data with other students about exam questions or answers prior to the exams; or otherwise securing help in a proctored or online test; printing out and/or copying tests, assignments, reports, or term papers; collaborating, without authority, with another student during an exam or in preparing academic work; signing another student’s name on an attendance sheet; or otherwise practicing scholastic dishonesty. Awareness of academic dishonesty by a classmate is considered the equivalent of cheating unless it is reported. Plagiarism refers to representing the work of another person as one’s own and failing to use proper citations when using another person’s work. Graduate students should know well what constitutes plagiarism. IF YOU HAVE ANY QUESTIONS ABOUT PLAGIARISM, YOU SHOULD WATCH THE FILM ONLINE AT THE TWU LIBRARY WEB SITE ENTITLED “AVOIDING PLAGIARISM.” THE WEB SITE IS http://www.twu.edu/library/. Any student found guilty of cheating or plagiarism will (at a minimum) receive an F in the course and could be expelled from the University. Code of Civility Students are expected to abide by this code during class and in working with TWU professors, staff and other class members. If students do not abide by this code, they will be asked to leave the classroom and, in extreme cases, they will be referred to Student Life or the Dean for further sanctions. Respect Treat all faculty, students and staff with respect and in a professional and courteous manner at all times, whether in person, over the phone or in written communication. Kindness Refrain from using any form of insult or other disparaging remark. Truth Cite only the truth, and never knowingly misrepresent, mischaracterize, or misquote information received from others. Responsibility Take responsibility for your own actions, obligations and performance; do not blame others. Cooperation Work together with other students, faculty, and staff in a spirit of cooperation toward our common goals of seeking and providing a quality education. Privacy

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Respect and uphold the right to privacy, and do not talk about others in any negative way. Nondiscrimination Respect different ideas and opinions, and reject bigotry in any form. Foster an environment that enables honest and open communication, free from harassment and intimidation, where alternative points of view are treated with consideration, and the diversity of our academic community is appreciated. Professionalism Complete and submit your work in a timely, complete and thoughtful manner. Read all chapters; work diligently on all assignments. Do your best. Honor Code By taking this course, you are subject to the expectations of the Honor Code. You agree that you will do all of your own work, write all of your own papers, take all of your own exams and quizzes, never cheat, never plagiarize or turn in anything created in a dishonest manner. Anyone who violates this code will be subject to harsh sanctions up to receiving an F in the course and expulsion from the University. If there are any questions about the Honor Code, it is the student’s responsibility to ask for clarification.

PROFESSOR SHORT BIO: JOHN H NUGENT

Overview: Former “Fortune 10” subsidiary CEO and Board of Director member, venture capital firm managing director, and partner in a national accounting firm, with significant and very successful M&A, accounting, auditing, IT, and financial systems experience. Strong consulting background. Highly sought after national industry speaker. Widely published. Authored papers have had government policy impact. Some Results: Quantitative and Qualitative Measures: Quantitative results of the companies led as CEO or CFO resulted in one company quadrupling revenue and going from technical bankruptcy to 18% profits in just 2 years (HDS, Inc, CFO.); with the second (Datotek, subsequently AT&T Datotek, CEO) increasing its revenue 500% over a seven year period with 30% pre-tax income, while expanding sales and operations from a handful of countries to over 90. In this latter activity, I led in the sale of this entity to AT&T and returned to AT&T through earnings its entire purchase price for this subsidiary in just 18 months. Significant and very successful M&A experience. Most recently, qualitative and quantitative results delivered as a Director and leading graduate business school professor - established the largest National Center of Academic Excellence in Information Assurance graduate program in the United States in just 3 years - over 400 graduate students, Ten Million Dollars ($10MM) in gross revenue with 85% gross margins. One of seven U.S. universities to meet all CNSS 4011-4016 NSA curriculum criteria. Won approximately $1 million in USG grants for this program. Also led two TWU SOM Capstone teams to the national SBI Business Plan Competition Championships 2013/2014.

Principal Professional Experience: Associate Professor- Accounting, TWU School of Management, Denton, TX 2009 to present. Managing Director, Huron Consulting (NASDAQ listed Company) 2009 Board of Director Member, Digital Defense, Omaha, NE. 2007 to 2010 Founding Director of the Center of Information Assurance, Program Director of Information Assurance

(IA) MBA, MM, and Certificate Programs, Tenured Associate Professor, Graduate School of Management, University of Dallas, Irving, TX. 1999 to 2009.

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National AICPA Lecturer. 2003 to the present. Recognized expert in auditing, fraud detection methods, internal controls, and computer security.

Managing Director, Cordoba Capital, LLC - a telecom venture capital firm – 1998. Senior Manager, Ernst & Young, 1997 Interim President and Board of Director Member, formerly VP M&A, SA Telecommunications, Inc. (a

public, facilities based IXC) and member on the acquisitions, audit and compensation committees of the Board of Directors – 1995 -1997.

Telecommunications Industry Consultant, Dr. John H. Nugent, CPA, CFE 1993 –1995. President and Board of Director Member for the following subsidiaries of AT&T where I established

the winning strategies and reengineered the finance and accounting functions, operations, manufacturing, research, development, design, engineering, marketing, sales, and MIS functions – 1985 - 1993:

President and Board of Director Member, AT&T Datotek - a research design, engineering and manufacturing entity – chips to national communications systems. 1985 – 1992. Increased revenues 500% with 30% net pre-tax profits.

President and Board of Director Member, AT&T Aviation Technologies and Systems.1993 -development and manufacture of flight processing systems.

Board of Director Member, AT&T Gretag, GMBH. Swiss subsidiary – a research design, development, engineering and manufacturing entity, 1991 – 1993, and

Tecnicas de Cifra – Spanish subsidiary – a systems and solutions entity. 1987-1992.

President and Board of Director Member, Group L Corporation. – a software development entity. 1983 –1985.

Vice President Finance & Administration & Chief Financial Officer, IRIS System Development Corporation – a large systems firm. 1982 – 1983.

Chief Financial Officer, HDS, Inc. – a research design, development engineering and manufacturing entity principally serving the U.S. Government. 1979 – 1982.

Vice President Accounting/MIS and Board of Director Member, ADCON, Inc (the international subsidiary responsible for managing all of International Bank’s international operations.) Rose through the following positions: auditor, corporate auditor, assistant treasurer, Vice President and Board Member. Assignments included foreign residency. 1972 to 1979.

Analyst, Department of the Army. 1971 to 1972. Trust Administrator, Chase Manhattan Bank, NA 1970 to 1971. Corporal, United States Marine Corps. – Staff assistant to Ambassador Adlai Stevenson at the U.S.

Mission to the U.N., and subsequently to two Commandants of the 3rd Naval District. 1962 – 1966. CEO, Hilliard Consulting Group, Inc. Carried on concurrently with my teaching. Consulted with the

following entities concerning strategy, business, marketing, and technology issues.

Selected List of Consulting Clients

Bank of America IP Communications Canadian Foreign Ministry Language Computer Corporation Convergent International MCI / Pace University DLJ (now CSFB) Marconi Communications Dallas Convention & Visitors Bureau METI (formerly MITI, Japan) Ericsson Nortel Networks Fujitsu PMMR, Inc.(mining company) Globe Ranger Source, Inc. Haynes & Boone SyberPro, Inc. IBM/LCI - Australia Winstar

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InventX Corporation Pet Ecology Brands, Inc. U.S. State Department FDIC Dallas Police Department Intelligence

Fusion Center Saudi Consultancy Company

AICPA PBGC Huron Consulting

Honors:

Selection of company by Defense Electronics magazine (July 1989) as one of the TOP 10 “Rising Stars” in the defense electronics and communications industries,

The award of Diplome de Citoyen D’Honneur, Republic of France, in June 1988,

The award of the University of Dallas’ prestigious Presidential Haggar Award in 2002,

The award of University’s Annual Faculty Award for Curriculum Innovation in February 2003, and

The award of the National Center of Academic Excellence in Information Assurance Designation in 2003 & 2006 from the U.S. National Security Agency and Department of Homeland Security.

Three individual professional annual grants from the International Engineering Consortium

Awarded just under $1 million in Department of Defense Information Assurance Program Grants.

Twice National Champion in annual Business Plan Competition – Small Business Institute

Education: 2010 Masters of Law (LLM) in Telecom and IT law, Strathclyde University Law School, Glasgow, Scotland, UK. 1989 Doctor of Business Administration degree (DBA) - Business School Lausanne, Switzerland . 1978 Master of Science/Accounting (MSA) degree - Southeastern University, Washington, D.C. 1970 Bachelor of Arts (BA) degree - Columbia University, New York, N.Y.

Current Professional Licenses & Certifications: Certified Public Accountant (CPA, Washington, D.C.) Certified Public Accountant (CPA, Virginia ) Certified Public Accountant (CPA, Texas Registered) Certified Fraud Examiner (CFE) Certified Information Security Manager (CISM) Forensic Certified Public Accountant (FCPA)

Professional Memberships:

American Institute of Certified Public Accountants (AICPA) Texas Society of Certified Public Accountants (TSCPAs) Virginia Society of Certified Public Accountants (VSCPAs) Greater Washington D.C. Institute of Certified Public Accountants (GWICPAs) Institute of Management Accounts (IMA) National Association of Certified Fraud Examiners (ACFEs) Financial Executives International (FEI)