BADM 223/FA 223: ACCOUNTING AND FINANCE PRINCIPLES
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DePaul University | School of Continuing and Professional Studies
Undergraduate Program
BADM 223/FA 223: ACCOUNTING AND FINANCE
PRINCIPLES
(SPRING 2021, ONLINE)
INSTRUCTOR INFORMATION
Instructor: Nitin Bhojraj, CPA, CFE
Email: nbhojraj@depaul.edu
Office Hours: by appointment
Phone: (312) 498‐1463
Preferred Contact: via email first
You can expect a response within 24‐48 hours.
Course Dates and Times: While this class is online and asynchronous, we will have 3 optional
Zoom meetings on 3/30/21, 4/13/21, 4/27/21, 5/11/21, and 5/25/21 from 8pm ‐ 9pm. The
links to the meetings are posted in the related module on D2L.
COURSE DESCRIPTION
In this course, we will examine the role of accounting and financial management in the
preparation, reporting and analysis of financial information. This topic is particularly important
in today’s economically challenging business world. Accounting and Finance concepts and
principles serve as the bookends for our exploration. Clear principles and procedures are used
to capture financial data, which can then be used to make economic and financial decisions.
Specifically, the objective of this course is to present the fundamentals of accounting and
finance to assist the non‐accountant in understanding the financial statements of an
organization and how financial information can be used in the management planning, control,
and decision‐making processes of both profit and non‐profit seeking enterprises. Accounting is
often called the language of business and as such, it is appropriate that as participants in the
economic activities of our society we should have enough knowledge of this language to make
informed decisions and judgements about our role in these economic activities.
We will also cover a series of topics that will enhance your understanding of financial
Syllabus, BADM 223/FA 223 1information, financing techniques and options through financial and ratio‐analysis. This will
advance your ability to understand and make relevant financing and investment decisions or
develop viable future business strategies.
As this is an accounting/finance course we would expect some proficiency in basic quantitative
or mathematical reasoning.
LEARNING OUTCOMES AND, IF RELEVANT COMPETENCIES:
AFTER COMPLETING THIS COURSE, YOU WILL BE ABLE TO:
Comprehend fundamental accounting principles, financial analysis tools, and general
business theories.
Define and identify the external and internal users of financial data and statements.
Explain the goal of financial management and the potential conflicts of interest
between managers and owners.
Analyze the purpose of financial statements and determine their application to real
world financial decision making.
Understand the importance of financial statement ratios and their role in financial
statement analysis. Develop specific skills, competencies and viewpoints needed by
professionals in the field closely related to this course.
Compute the future value, present value and the rate of return on an investment for
projects that involve single or multiple cash flow(s).
Understand how financial markets work and know the historical rate of returns and
risks on various types of investments.
Determine the significance of using accounting and finance principles from a
business decision‐making perspective.
Demonstrate critical thinking and problem solving by applying course concepts to
the analysis of transactions and financial data.
Express oneself orally and/or in writing related to concepts addressed in course.
LEARNING STRATEGIES & RESOURCES
Accounting: What the Numbers Mean, 12th Edition by David Marshall, Wayne W. McManus
and Daniel F. Viele, ISBN: 978‐1260565492
You must use the 12th edition of the textbook. The homework questions are specifically from
the 12th edition. Do not use a previous version of the book. You will not receive points for
homework completed from previous versions of the textbook. All other required readings will
be available through D2L.
LEARNING DELIVERABLES
Pre‐course Reflection (Topic 1.3): At the beginning of the course, you are required to take this
quick quiz. Don’t worry how you do. This is just to get an idea of how much you know about
accounting. You will get full credit just for taking it.
Discussions: This course contains discussion forums related to the topics you are studying each
Syllabus, BADM 223/FA 223 2week. Students are required to post an original discussion topic and reply to other student
posts. In the first optional meeting, the instructor will cover how to maximize your grade on
discussion posts.
Written Submissions: Each week, students are required to submit at least one written
assignment related to the relevant topic. Grades will be based on how well students answered
the question, quality of written work, and whether students incorporated both class material
and well‐researched external sources (relevant news articles, research articles, etc.). In the
first optional meeting, the instructor will cover how to maximize your grade on written
assignments.
Final Ratio Analysis (Topic 11.1): The final project will combine multiple course lessons and
objectives. It is a written assignment due the final week of the course.
For full credit, all work must be turned in by the due dates. No work will be accepted after
June 8, 2021.
ASSESSMENT OF STUDENT LEARNING
As stated in the previous section, grades will be based on how well students answer the
question, quality of written work, and whether students incorporate both class material and
well‐researched external sources (relevant news articles, research articles, etc.). Student work
is expected to be on complete and on‐time. Late work with receive a ten percent penalty per
day late. Any assignments not submitted will receive a grade of zero points. If a student needs
extra time to complete an assignment, the student must let the instructor know ahead of
time. Note: I will gladly work with you if you have extenuating circumstances that hinder your
ability to submit work on time.
INSTRUCTOR BIO
Nitin Bhojraj, CPA, CFE has taught accounting at the DePaul University School
of Continuing Professional Studies since Spring 2020, the Loyola University
Chicago Quinlan School of Business since 2013, and previously for the Becker
CPA Review. His full‐time gig is working as an auditor for the Department of
Justice, Office of the Inspector General. He has also presented forensic
accounting topics to professional organizations such as the Association of
Certified Fraud Examiners, Institute of Internal Auditors, Association of
Government Accountants, and the American Accounting Association. In his
spare time, he enjoys illustrating cartoons (two of which made it into this
syllabus) and playing the accordion.
Syllabus, BADM 223/FA 223 3GRADING CRITERIA & SCALE
A = 244 to 262 A‐ = 236 to 243 B+ = 231 to 235
B = 215 to 230 B‐ = 210 to 214 C+ = 205 to 209
C = 192 to 204 C‐ = 184 to 191 D+ = 179 to 183
D = 158 to 178 F = 157 or below
GRADING CATEGORY POINTS
Weekly Discussions/Participation 60 (12 discussions x 5 points each)
Written Submissions 150 (15 assignments x 10 points each)
Final Ratio Analysis 50 points
Pre‐Course Reflection 2 points
Total 262
PASS/FAIL GRADE POLICY
Students interested in taking a course on a Pass/Fail grade basis need to contact their academic
advisor to request the option by the end of the second week of the course. SCPS students can
email their requests to their advisors and include the course number, quarter, and student ID
number. Non‐SCPS students need to contact their home college for instructions on submitting
these requests. Please review the P/F guidelines, course restrictions and GPA implications in
the University catalog before making your request. A grade of Pass represents a D or better
standard and therefore will not meet requirements that have a minimum standard of C‐ or
better. For further clarification of the P/F option for SCPS students beyond the university
guidelines, please refer to the SCPS catalog.
MINIMUM SCPS GRADE POLICY
SCPS degree programs with majors (BAPSBA, BAPSC, BAHA, BADA, BANM, and BALS) require a
grade of C‐ or better in courses taken at DePaul or transfer work applied to course
requirements in the Major and in the LL 261: Essay Writing course in the College Core. All other
course requirements in these programs can be completed with a grade of D or better. SCPS
degree completion major programs (BAABS and BALS) require a C‐ or better in all courses taken
Syllabus, BADM 223/FA 223 4at DePaul applied to those programs. SCPS competence‐based programs (BAIFA, BAC, BAGB
and BAECE) require a D or better in courses taken at DePaul or transfer work applied to
competence requirements.
INCOMPLETE (IN) GRADE
This process follows university policy.
A student who encounters an unusual or unforeseeable circumstance that prevents her/him
from completing the course requirements by the end of the term may request a time extension
to complete the work.
The student must formally initiate the request by submitting the Contract for Issuance
of Incomplete Grade form (via email, word doc), no later than week 10 (or prior to the
final week of a shorter‐term course).
The instructor has discretion to approve or not approve the student’s request for an IN
grade.
The instructor has discretion to set the deadline for completion of the work, which may
be earlier but no later than two quarters (not counting Summer term).
The instructor may not enter an IN grade on behalf of a student without a completed
and agreed upon contract.
The student is alerted that IN grades are not considered by Financial Aid as evidence of
satisfactory academic progress.
COURSE POLICIES
To complete the course, you must complete each of the assignments as described in the course
and submit them to your instructor by the assigned deadline. In addition, you must participate
in the course discussion forum by responding to all instructor requests and by interacting with
fellow classmates as necessary. Points will be deducted for late work as described in the
“Assessment of Student Learning” section.
THIS COURSE INCLUDES AND ADHERES TO THE COLLEGE AND UNIVERSITY POLICIES DESCRIBED IN THE LINKS BELOW:
Academic Integrity Policy
Incomplete (IN) and Research (R) Grades Expiration Policy
Withdrawal/Drop Policy and Withdrawal Tuition
Accommodations Based on the Impact of a Disability
***Students are also invited to contact me privately to discuss your challenges and how
I may assist in facilitating the accommodations you will use during this course. This is
best done early in the term and our conversation will remain confidential.
Protection of Human Research Participants
OTHER RESOURCES FOR STUDENTS
University Center for Writing‐based Learning
Dean of Students Office
Syllabus, BADM 223/FA 223 5COURSE SCHEDULE
Monday, March 29, 2021 Course Start Date
Monday, March 29, 2021 Module 1 Starts
Tuesday, March 30, 2021 Optional Zoom Meeting, 8pm‐9pm
Thursday, April 1, 2021 1.1 ‐ Introduction and Review of Acct Knowledge Discussion (Post)
Saturday, April 3, 2021 Pre‐course Survey (see Module 1 in D2L)
Saturday, April 3, 2021 1.2 ‐ Pre‐Course Survey Reflection
Saturday, April 3, 2021 1.3 ‐ Textbook Exercise Chapter 1, Question 1.1
Saturday, April 3, 2021 1.1 ‐ Introduction and Review of Acct Knowledge Discussion (Replies)
Sunday, April 4, 2021 Module 1 Ends
Monday, April 5, 2021 Module 2 Starts
Tuesday, April 6, 2021 2.1(a) ‐ Annual Report Submission
Tuesday, April 6, 2021 2.1(b) ‐ Annual Report Discussion (Post)
Tuesday, April 6, 2021 2.2 ‐ Business in the News Discussion (Post)
Thursday, April 8, 2021 2.1(b) ‐ Annual Report Discussion (Replies)
Thursday, April 8, 2021 2.2 ‐ Business in the News Discussion (Replies)
Sunday, April 11, 2021 Module 2 Ends
Monday, April 12, 2021 Module 3 Starts
Tuesday, April 13, 2021 Optional Zoom Meeting, 8pm‐9pm
Tuesday, April 13, 2021 3.2 ‐ Business in the News Discussion (Post)
Thursday, April 15, 2021 3.2 ‐ Business in the News Discussion (Replies)
Friday, April 16, 2021 3.1 ‐ Campbell Soup Textbook Problem 3.17
Sunday, April 18, 2021 Module 3 Ends
Monday, April 19, 2021 Module 4 Starts
Friday, April 23, 2021 4.1 ‐ Preparation of I/S and B/S, Textbook Problem 4.5.
Sunday, April 25, 2021 Module 4 Ends
Monday, April 26, 2021 Module 5 Starts
Tuesday, April 27, 2021 Optional Zoom Meeting, 8pm‐9pm
Tuesday, April 27, 2021 5.3 ‐ Business in the News Discussion (Post)
Tuesday, April 27, 2021 5.4 ‐ Asset Discussion (Post)
Thursday, April 29, 2021 5.3 ‐ Business in the News Discussion (Replies)
Thursday, April 29, 2021 5.4 ‐ Asset Discussion (Replies)
Friday, April 30, 2021 5.1 ‐ Textbook Problems 5.17 and 5.18
Friday, April 30, 2021 5.2 ‐ Textbook Problems 5.37
Sunday, May 2, 2021 Module 5 Ends
Monday, May 3, 2021 Module 6 Starts
Tuesday, May 4, 2021 6.3 ‐ Business in the News Discussion (Post)
Thursday, May 6, 2021 6.3 ‐ Business in the News Discussion (Replies)
Friday, May 7, 2021 6.1 Textbook Exercises 6.10, 6.12, 6.15, 6.18
Friday, May 7, 2021 6.2 Reflection Essay: The Cost Principle – Does U.S. GAAP have it right?
Syllabus, BADM 223/FA 223 6Sunday, May 9, 2021 Module 6 Ends
Monday, May 10, 2021 Module 7 Starts
Tuesday, May 11, 2021 Optional Zoom Meeting, 8pm‐9pm
Tuesday, May 11, 2021 7.3 ‐ Business in the News Discussion (Post)
Tuesday, May 11, 2021 7.4 ‐ Material Review Discussion (Post)
Thursday, May 13, 2021 7.3 ‐ Business in the News Discussion (Replies)
Thursday, May 13, 2021 7.4 ‐ Material Review Discussion (Replies)
Friday, May 14, 2021 7.1 ‐ Textbook Exercises 7.16, 7.18, 7.20
Friday, May 14, 2021 7.2 Reflection: Matching and Revenue Recognition Principles
Sunday, May 16, 2021 Module 7 Ends
Monday, May 17, 2021 Module 8 Starts
Tuesday, May 18, 2021 8.2 ‐ Textbook Problem 8.33 Discussion (Post)
Thursday, May 20, 2021 8.2 ‐ Textbook Problem 8.33 Discussion (Replies)
Friday, May 21, 2021 8.3 ‐ Entity Types Submission (Extra Credit)
Friday, May 21, 2021 8.1 ‐ Lily's Green Thumb Case
Sunday, May 23, 2021 Module 8 Ends
Monday, May 24, 2021 Module 9 Starts
Tuesday, May 25, 2021 Optional Zoom Meeting, 8pm‐9pm
Tuesday, May 25, 2021 9.4 ‐ Business in the News Discussion (Post)
Thursday, May 27, 2021 9.4 ‐ Business in the News Discussion (Replies)
Friday, May 28, 2021 9.1 ‐ Love Café Submission
Friday, May 28, 2021 9.2 ‐ Textbook Problems 9.10, 9.11, and 9.15
Friday, May 28, 2021 9.3 ‐ Textbook Case 9.32, What Does the SOCF Tell Us Submission
Sunday, May 30, 2021 Module 9 Ends
Monday, May 31, 2021 Module 10 Starts
Friday, June 4, 2021 10.1 ‐ Fraud Analysis Submission
Sunday, June 6, 2021 11.1 ‐ Ratio Analysis
Sunday, June 6, 2021 11.2 ‐ End of Term Reflection (Post)
Sunday, June 6, 2021 Module 10 Ends
*This schedule is subject to change based on course activity. If there are any changes, the
instructor will update students via D2L and e‐mail announcements.
Syllabus, BADM 223/FA 223 7ADDITIONAL CONSIDERATIONS
Recording of Classroom Sessions Conducted via Videoconference tools:
Synchronous teaching sessions can be recorded by the instructor for educational
purposes. These recordings will be made available only to students presently enrolled in
the course via password protected links. Links will be posted via the course webpages
on D2L and viable for the present term only.
Students are prohibited from sharing class recordings or disclosing the links to a class
session to anyone outside of the course.
Students have the right to protect their privacy during recordings by appearing in an
audio‐only mode; pseudonymous usernames can be used by students, if shared offline
with the instructor.
Instructors may retain portions of the recordings that contain their intellectual property
consistent with University policy, with students’ identifying information removed.
Online discussions are an important part of your course experience. To ensure a positive
learning environment, please be police, respectful and use common sense related to
proper netiquette, as not all situations can be covered
CHANGES TO SYLLABUS
This syllabus is subject to change as necessary. If a change occurs, it will be clearly communicated to
students.
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