Rutgers University School of Business. Professor Mark A.

Breckwoldt, CPA Accounting for Entrepreneurs and Small Business

Rutgers University Rutgers Business School Newark & New Brunswick Department of Accounting and Information Systems Accounting for Entrepreneurs and Small Business -33:382:103:02 For Non-Accounting Majors Syllabus Fall 2013 Section 04 Room 5109, Livingston Campus T, FR, 10.20 11.40AM
Professor: Mark A. Breckwoldt, CPA Office: To be announced Livingston Campus 94 Rockafeller RD Piscataway, NJ, 08854-8045 ph. 732-322-1485 fax 732-545-4357 Email: breckwoldt@business.rutgers.edu 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.

NOTE: The syllabus is subject to change at any time.

Office Hours: By appointment please Required Textbook: College Accounting 2e, McGraw Hill Publishers Loose-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 Page 1 of 5 33:382-103 Syllabus Summer 2013

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

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 visit http://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 1 22.5 points Exam 2 35 points 20 points Final Exam 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 Page 2 of 5 33:382-103 Syllabus Summer 2013

Rutgers University School of Business. Professor Mark A. Breckwoldt, CPA Accounting for Entrepreneurs and Small Business 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 deans 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 Universitys Campus Operating Status at: 1. 2. 3. 4. 5. http://campusstatus.rutgers.edu http://nb.rutgers.edu RU-TV Channel 3 WCTC 1450 AM 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 Accounting Chapter/Topic HW Problems (exercises) Class Introduction/ Course information (see connect) Ch -1 Introduction to Accounting Ch -2 Accounting for Business Transactions Ch -3 T Accounts Double Entry Accounting Review of Chapters 1-3 HW Ch -4 General Ledger, Trial Balance, Ch -5 Adjustments and Financial Statements Tax forms Ch -6 Month End Close and Financial Statements Ch -7 Fraud, Ethics, Enron 33:382-103 Syllabus Summer 2013

Date Sept 3 T Sept 6 F Sept 10 T Sept 13 F Sept 13 F Sept 17 T Sept 20 F Sept 24 T Page 3 of 5

Rutgers University School of Business. Professor Mark A. Breckwoldt, CPA Accounting for Entrepreneurs and Small Business Sept 27 F Oct 1 T Payroll Taxes and Payroll Companies Ch -8 Cash and Cash Controls Ch -9 Payroll and Payroll Taxes, 941, 940, NJ 927 Review Exam 1, CH 1-9 EXAM 1, Chapters 1-9 and Ta Forms Ch -10 Employer Payroll Taxes Ch -11 Merchandise sales, Accounts Receivable Choice of Entity Ch -12 Merchandise Purchases, Accounts Payable A/P Aging system and controls Ch -13 Merchandisers Adjustments and Trial Balance Ch -14 Merchandisers Financial statements Ch -15 Accounts Receivable, Bad debt In class review for Exam EXAM PERIOD

Oct 4 F Oct 8 T Oct 11 F Oct 15 T Oct 18 F

Oct 22 T

Oct 25 F Oct 29 T Nov 1 F

QuickBooks Tutorials Ch -16 Notes Payable, Notes Receivable Ch -17 Inventory, Cost of sales, Physical inventory

Nov 5 T Nov 8 F

Exam 2 Chapters 10-18

Ch -18 Assets, Natural Resources, Intangibles Ch -19 Partnership Accounting Ch -20 Corporate Formations, Stocks Choice of Entity C Corp, S Corp, Taxes Pass through Entities Ch -21 Corporate Earnings, Distributions, Taxes Ch -22 Bonds Ch -23 Cash Flow Reporting; Direct Indirect mthd Ch -24 Ratios and Analysis, Ch -25 Managerial Accounting Business Cases Ch -28 Budgets Thansgiving Holiday no Class Exam Tax forms Choice of Entity Review of Exam Insurance costs Workers comp, liability, 33:382-103 Syllabus Summer 2013

Nov 12 T

Nov 15 F

Nov 19 T Nov 22 F Nov 26 T Nov 28, 29 Dec 3 T Dec 6 F Dec 10 T Page 4 of 5

Why do small businesses fail?

NO CLASS Exam Period Property and casual

Rutgers University School of Business. Professor Mark A. Breckwoldt, CPA Accounting for Entrepreneurs and Small Business Dec 13 F Dec 17 T Health Care Insurance Costs FINAL EXAM Guest Speaker

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33:382-103 Syllabus Summer 2013