FINC405 - Budget Development and Execution

After successfully completing this course, you will be able to:

• CO1. Define and discuss the purposes of the fundamental terms and concepts associated with budgeting.
• CO2. Demonstrate an in-­‐depth knowledge of the budget preparation, approval, and execution processes.
• CO3. Complete the process of creating a budget.
• CO4. Monitor budgets and utilize variance analysis.
• CO5. Examine the role of budgets in achieving organizational goals.
• CO6. Demonstrate a thorough knowledge of how ethical decisions are made in the budgetary process.
• CO7. Apply financial formulas in evaluating investment decisions.

Method of Assessment

A. Tests & Paper

There will be two (2) tests in the course, a midterm and a final given in modules four and eight respectively. The tests in this class will consist of multiple choice questions and/or short answer problems. Tests will be three hours long and focus on the material covered in the course. It is the student’s responsibility to notify the instructor regarding any schedule changes or non- disability related accommodations. The course will have a comprehensive paper that will measure student understanding of the course objectives along with research and writing skills. Please refer to the APA Manual 6th edition for the format of the paper.

B. Assignments:

Course assignments will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.). These assignments will be a series of quizzes consisting of exercises, problems, and simulations. Assignments will have a specific due date with specific instructions. Late assignments will be subject to the university’s Late Work/Make-up Policy detailed in the student handbook. Please be advised the instructor reserves the right to implement their own late assignment policy.

C. Homework:

Throughout the term, homework will be given in several modules to test student understanding of the material. Homework will be given using multimedia software (e.g. MyLabsPlus, Connect, etc.) and consist of questions, problems, or simulations. Please be advised the instructor reserves the right to implement their own late assignment policy.

D. Discussion Forums:

Participation in the discussion forums is an essential component of the final grade. All students are expected to engage in lively discussions and answer instructor follow-up questions. The quality of participations along with student netiquette will be a part of the grade.

Assessment of the Course Objectives

The following distribution will be used in assigning grades (decimal points will be rounded to the nearest whole number at semester’s end).

Shim, J. K., Siegel, J. G. & Shim, A. I. (2012). Budgeting basics and beyond (4th ed.). Hoboken, NJ: John Wiley & Sons. (accessible via Library)

Websites and Videos

In addition to the required course texts, the following public domain Websites are useful. Please abide by the university’s academic honesty policy when using Internet sources. Note website addresses are subject to change.

• TeachMeFinance
• NetMBA.com
• Khan Academy
• Accounting Coach
• tutor2u
• American Psychological Association (APA) Style Website
• YouTube Video on Formatting an APA Style Paper
• Purdue Online Writing Lab
• Turnitin Website
• Microsoft Office Training Website
• YouTube Videos on Microsoft Excel for Beginners