Washburn University AC 225, Managerial Accounting

School of Business Fall 2017

Professor: Reza Espahbodi, PhD, CPA

Dibble Professor of Accounting
Office: HC 310B
Phone: (785) 670-1587
E-mail: reza.espahbodi@washburn.edu

Meeting Time/Place: TR 7:00-8:15 / HC 308 or online via Adobe Connect

Office Hours: T, R 1:30-3:30; W 4-5; or by appointment

Required Materials:
Textbook: Garrison, Noreen and Brewer, Managerial Accounting, 16th ed., McGraw-Hill, 2017.
Software: McGraw-Hill homework manager.
Website: http://www.washburn.edu/faculty/espahbod/A225_files
Readings, presentations, cases, and solutions to select problems will be distributed via the web
page. You should have access to and working knowledge of Microsoft Office, a reliable Internet
connection, a valid Washburn email account, and flash player and virus scanning software.

Note: Please read page 8 before your purchase your book or software.
Note: The information not directly linked to an Internet site, including my presentations, is
protected in accordance with fair use under the copyright law. You must adhere to all
copyright requirements.

Prerequisites: AC 224, MA 116 (recommended) or MA110, completion or concurrent

enrollment in BU 250, and 24 credit hours. A student failing to meet prerequisite requirements is
subject to administrative withdrawal from the course at any time.

Course Description: Concepts and issues of managerial accounting, such as budgeting, cost
determination, and cost analysis.

Course Objectives:
The objectives of this course are to enable you to:
1. Understand the role of management accounting and accountants in business organizations
2. Develop a firm grasp of the concepts and procedures applied in the accumulation of
management accounting data
3. Gain the necessary skills so that you, as a manager, can use management accounting data in
the areas of planning, implementation, and control
4. Understand the problems that arise in applying managerial accounting concepts to real world
situations
5. Develop problem solving skills.
6. Develop communications skills.
7. Understand the importance of ethical behavior in accounting and the role of accounting in
society.
The course objectives will be achieved by means of readings, lectures and discussions,
homework exercises, cases, computer-based projects and team work. Our brains are wired
differently and so there is no single approach to effective learning. Here is one suggestion. Read
the material for each topic on your own before you come to class (or watch the recorded lecture)
and prepare an outline of the important concepts. Revise/edit your outline based on class
discussion (or watching the recorded lecture). Try the assignments (homework, etc.) without
referring to the text or your notes.

Class periods will not be used to lecture; rather they will be devoted to a discussion of material
and case and problem assignments. Please keep in mind that discussions and lectures do not
necessarily follow the book, nor would they cover the exact same material. Unless otherwise
instructed, you are responsible for all material covered in the text and class.

This course is a hybrid, i.e., sometimes we meet face-to-face and other times online. The
resources and interactions required for online sessions will be facilitated through the use of
various technological tools such as Adobe Connect. You are required to attend the first class
meeting. On that day, you will learn how to use the online tools you will need to succeed in this
course and have the opportunity to ask questions.

Course Philosophy and Procedures:

Business schools should focus on developing competent and ethical practitioners of business,
similar to the way medical schools develop competent doctors. Students are best served by
courses that include cases and projects that simulate real-world business problems and situations
and highlight the skills students have acquired. Although the workload may at times seem
excessive, these skills will directly contribute to improved professional performance.

Business schools also should echo business work environment. The typical work environment in
professional organizations, including public accounting firms, requires people to work as team
members to critically analyze difficult issues and arrive at a common resolution. This is because
collaboration makes it possible for teams of individuals to bring a variety of talents and
perspectives to bear on problems, and together solve problems that they could not solve alone.
You will thus be divided into teams of four. You will complete a few significant assignments in
teams. (You can use Google Chat, NetMeeting, IM, other software, or the old-fashion face-to-
face setting to collaborate.) In addition, on occasions I will ask you to brainstorm or work with
your teammates on important concepts. One member of the team will act as the monitor and
handles the logistics, e.g., submission of team’s work. However, any member may be asked to
serve as the spokesperson for the team.

You are responsible to participate fully in team activities. Failure to do so will be considered
during the assignment of grades. All members should review team materials prior to presentation
or submission. All members are responsible for documenting team activities, and for providing
the instructor with a brief memo with each team assignment explaining the contributions of every
team member (including self) to the team efforts. Your grade for the team assignments will be
based on quality of the team paper as well as peer and self-evaluations. Contact the instructor if
serious problems arise. However, due to the need to learn to work and interact in teams, the
instructor is the court of last resort.

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 2 of 12

This course involves individual assignments as well. When preparing these (individual)
assignments, submit only your own original work. Where appropriate, include citations to
anyone else’s work you rely on to complete the assignments.

All assignments must be prepared using a word processor and other computer aids, such as a
spreadsheet, and submitted as an attachment via email. The quality and appearance of all
completed assignments should be of a caliber suitable for presentation to a client or an employer.
Twenty percent of each assignment’s grade will be based on writing, presentation, and creative
skills. This requirement is intended to serve you in the long run. Business people have to
communicate with their clients, peers, etc. Thus, we should continually strive to enhance our
communication skills through practicing them.

Course Policies:
Some of the formal course policies listed below, particularly the ones on attendance, class
participation, and completion of homework, may appear unnecessary. Experience has taught me,
however, that the small amount of time and effort it takes to make class policies and other
expectations clear at the beginning of the semester can save a lot of time and effort later by
preempting unnecessary misunderstandings. Thank you for your patience and attention to these
items.

No electronic devices, including computers, tablets, or phones. Calculators (not the calculator
app on your phone) are allowed.

No audio or video recording of lectures or other conversations without prior written permission.

I reserve the right to change anything pertaining to the course at any time, including
assignments, due dates, and the methods of evaluating your performance and calculating grades.

Topic Outline:
1. Managerial Accounting: An Overview (Prologue)
2. Managerial Accounting and Cost Concepts (Chapter 1)
3. Job-Order Costing (Chapters 2 and 3)
4. Cost-Volume-Profit Relationships (Chapter 5)
5. Variable Costing and Segment Reporting: Tools for Management (Chapter 6)
6. Activity-Based Costing: A Tool to Aid Decision Making (Chapter 7)
7. Master Budgeting (Chapter 8)
8. Flexible Budgets and Performance Analysis (Chapter 9)
9. Standard Costs and Variances (Chapter 10)
10. Performance Measurement in Decentralized Organizations (Chapter 11)
11. Differential Analysis: The Key to Decision Making (Chapter 12)

Examinations and Quizzes:

Three unit examinations and a comprehensive final examination will be given during the
semester. Each unit examination covers three to four chapters and is assigned 200 points. The
final examination is assigned 300 points. One (1) make-up exam will be allowed only for a valid
excuse and the course instructor will determine the validity of the excuse. No make-up exam will
be given unless prior arrangements have been made with the course instructor. Make up

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 3 of 12

examinations are given on the last week of classes. The results of make up examinations are not
curved.

Many quizzes will be given during the semester. Make up quizzes will not be allowed. However,
because of the possibility of illness and family emergencies, one quiz (the one with the lowest
grade) will be excluded from a student’s grade.

The quizzes, unit examinations and comprehensive final examination will be based on the
concepts and problems covered in the homework assignments and the topics covered in class
discussion. Please note that exams will not be replica (in words or format) of homework or
quizzes.

All exam and quiz questions are multiple-choice, some theoretical but mostly computational.

Homework:
Students should read each chapter when it is assigned and complete the homework that is
assigned before coming to class. Some homework assignments will not be covered in class;
however, students will be responsible for completing all homework. Homework assignments
must be turned in electronically via McGraw Hill Connect software before the due date and is
valued at a total of 100 points. Please see page 8 for information regarding Connect. You will
have three attempts to complete the homework, but your grade will decline by 5% for each
incorrect attempt. Late homework will not be accepted.

Learning accounting requires practice (i.e., homework). Watching, or listening to, the instructor
explain the material/problems will provide the same benefits as going to the gym and watching
the aerobics instructor go through some routines. Learning accounting is like keeping fit. You
must do the exercises (homework) and the repeats. Homework also is intended as feedback to see
how well you seem to be grasping the material. Therefore, you should try the homework on your
own without referring to the text or your outline.

Note: The homework assignments represent the minimal level of learning activity. If you feel
that you do not fully understand a particular subject, use the resources available to you at the
McGraw-Hill Connect site.

Cases:
To further understanding of the ethical and other issues in management accounting, students are
assigned an ethics case and two other cases to analyze and report on in teams of four. The cases,
and their due dates and instructions, are posted on the website. Grades will be based on the
team’s output and individual self and peer evaluations – a short (no more than half a page,
double-spaced) description of each team member’s contributions.

Attendance:
Attendance is an important component of your success in the course. Missing many classes
and/or being chronically late not only affects your understanding of the material, but imposes
costs on other students when you are not present and fully prepared to participate in each class
session. As approximately 8% of your grade will be determined by the contribution you make to
the course environment and discussions (described below), you must be able to attend class in

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 4 of 12

order to contribute and participate. The recommended number of absences in this course is zero,
but you will be allowed to miss up to 2 classes before incurring a mandatory penalty. The 3rd
absence results in a reduction of 32.5 points from your grade (2.5 points off your final course
average), the 4th absence results in an additional 32.5 points reduction (another 2.5 points), and
the 5th absence results in a final course grade of F and referral to the Associate Vice President of
Student Life for disciplinary action. You must attend the first day of class and be present for the
in-class exams (dates provided in the "website") and all in-class activities, or you cannot earn the
points for these activities. You are required to provide advance notification of all absences via e-
mail.

Class Participation:
This course will be taught mainly in a discussion mode. To get the most out of the course, you
must be prepared for discussion every day. Thus, you are expected to have read the assigned
material, and have completed the assigned work, prior to attending each scheduled class session.
You should come to class with a list of questions on everything you do not understand, and you
should be prepared to discuss your opinions on issues. In other words, you do not have to have a
specific question in order to participate; I am very interested in your opinions. You should not
wait for me to call on you if you wish to maximize your participation grade in this class.

Class participation is valued at a total of 100 points. The quality and quantity of your
contribution to learning will be considered in assigning points.

What Constitutes Good Participation:

I expect that everyone will want to participate enthusiastically in all class discussions. Good
questions are at least as good as, and sometimes better than, good answers. To ensure maximum
participation, I ask that you curb your enthusiasm only to the point where you refrain from
calling out. Please signal your desire to participate and I will call on you ASAP. If someone has
already participated two or three times, I will first solicit new input into the discussion before
calling on that same person again. Opinions prevail when they're based on solid reasoning that's
communicated eloquently and concisely, not because someone is willing to speak louder or more
forcefully than others. It is the instructor's responsibility to manage the discussion environment
and grant the floor to a speaker. Diversity of opinion contributes to the quality of the course, so I
appreciate your courtesy in allowing me to create an inclusive class discussion environment and
solicit contributions from the greatest number of students. It will sometimes be necessary to
interrupt a student's contribution if it is too lengthy or rambles off topic. Learn to take this in
stride; you can always make up for it the next time you're asked to participate. Students will
notice a marked increase in the focus and quality of everyone's contribution as the semester
progresses and our interaction increasingly becomes based on fact and analysis.

Late Arrival and Use of Disallowed Electronics:

You are granted the courtesy of one late arrival during the semester. If you are late, please use
the classroom back door to enter quietly and take a seat in the back. Your grade will be reduced
by 32.5 points for the 2nd instance of lateness and by another 32.5 points for the 3rd instance. A
4th instance of lateness results in a course grade of F and referral to the Associate Vice President
of Student Life for disciplinary action.

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 5 of 12

Your grade will also be reduced by 32.5 points for the 1st instance of using a disallowed
electronic and by another 32.5 points for the 2nd instance. A 3rd instance of using a disallowed
electronic will result in a course grade of F and referral to the Associate Vice President of
Student Life for disciplinary action.

Summary of Points Distribution:

Unit examinations, 3 @ 200 points each 600
Comprehensive final examination 300
Quizzes 100
Homework 100
Cases 100
Class participation 100
Total available points before bonus points 1,300

Grading:
Letter grades will be assigned based on the percentage of the total points earned (bonus points
are counted as earned) using the following scale:

A 90%
B 80%
C 70%
D 60%
F Below 60%

A grade of incomplete will be given only if the student is in good standing and has already
completed the majority of the course requirements.

Grading and Time Commitments in Accounting Courses:

To earn a passing grade, students should demonstrate a strong desire to obtain complete mastery
of the subject matter in accordance with the depth and breadth of my expectations. I expect
everyone will give this course high priority throughout the entire semester, and arrange their
schedules so they can devote whatever time is required to master the material. It would not be
unusual for some students to find they need to spend 7-10 hours or more per week on the course,
over and above the 2.5 hours per week spent in the classroom. A substantial amount of the
coursework must be completed independently by reading the text and other material, following
homework solutions and notes provided by the instructor. Class time focuses on specialized and
technical topics and discussion of assignments, and comprises only a small component of the
total course experience.

The Washburn School of Business Values Statement:

The School of Business faculty approved a formal Values Statement at the end of academic year
2008-2009. A copy is included as the final page of this syllabus. Regardless of whether or not
you have personally signed the Statement, please be advised that the principles described in the
Statement reflect my expectations of how you will conduct yourself in AC 224, and any other
interactions we may have. As spelled out in the Statement, violations of School of Business
Values include obvious behaviors such as cheating or representing the work of another as your
own (Honesty), as well as more subtle behaviors such as being chronically unprepared for class,

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 6 of 12

failure to arrange your schedule so that you can fulfill the class attendance policy, or missing
deadlines for homework, assignments or exams. If, in the instructor’s judgment, a student has
committed a clear violation of any of the School of Business Values, a grade of “F” will be
assigned for the course, regardless of any other methods of evaluation the student may have
submitted up to that point in the semester. Please read the Values Statement and ask questions as
necessary.

Student Responsibilities:
Learning is a team effort. It is best achieved when all involved put forward their best effort and
perform their responsibilities. As a student, your responsibilities include:

Ø Preparing for class ahead of time – reading and completing all course requirements
Ø Attending every class and actively participating in class discussion in a substantive way
Ø Participating fully in all team activities
Ø Keeping track of performance using the grade book and meeting with the instructor after the
second exam to discuss progress (I will set up meeting times for you to choose from)
Note: You will have to meet me after the first exam if you are at risk of failing the class.

Please note that accounting is not like most of your previous courses where you could reach a
defined textbook answer. This course will help you develop and internalize a model for making
judgments. Thus, you will need to apply the concepts by engaging in critical thinking about
them.

Potentially useful Web sites for this course:

http://www.imanet.org (Institute of Management Accountants)
http://wsj.com (Wall Street Journal)
https://accountingintheheadlines.com/
http://youtube.com (search for lecture videos if you do not understand a topic) – e.g., education
unlocked, khan academy, studentsknow.com

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 7 of 12

 Information on McGraw-Hill’s Connect

Overview and Setting Expectations

McGraw-Hill’s Connect is a web-based assignment and assessment solution required for this
course. Connect is designed to assist you with your coursework based on your needs. As stated
above (in this syllabus), homework will make up a significant portion of your overall course
grade.

You must create a Connect (homework management) account at

http://connect.mheducation.com/class/r-espahbodi-prebuilt-instructor-course

On that site, you’ll have the ability to purchase full Connect access (includes eBook) for
$147.50. Once you are registered, you will have the option to purchase a looseleaf copy of the
book (to be shipped directly to you) for an additional $60.

If you choose to purchase outside of the web address above, you will need to purchase one of the
following ISBNs

9781259995378 – Standalone Connect Access (includes eBook)

9781260088458 – Looseleaf + Connect Combo
9781260191776 – Hardback + Connect Combo

If you choose to purchase a standalone used copy of the book, you will still need to purchase
Connect. The best (least expensive) thing to do is to purchase directly from the Connect site at
the URL above.

Support & Tips

If you have any issues while registering or using Connect, you can visit the 24-hour Customer
Experience support center at https://mhedu.force.com/CXG/s/. To avoid problems related to
unexpected technical issues, you are advised not to wait until the last moment to complete your
assignments.

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 8 of 12

 UNIVERSITY ADDITIONS – COURSE SYLLABUS

Mission of the University:

Washburn University enriches the lives of students by providing opportunities for them to develop and to
realize their intellectual, academic, and professional potential, leading to becoming productive and
responsible citizens. We are committed to excellence in teaching, scholarly work, quality academic and
professional programs, and high levels of faculty-student interaction. We develop and engage in
relationships to enhance educational experiences and our community. Washburn University Board of
Regents, 2010

Definition of a Credit Hour:

For every credit hour awarded for an undergraduate course, the student is typically expected to complete
approximately one hour of classroom instruction, online interaction with course material, or direct faculty
instruction and a minimum of two additional hours of student work each week for approximately 15
weeks for one semester or the equivalent amount of work over a different amount of time.

Notice of Non-Discrimination/Safe Educational Environment:

The University prohibits discrimination on the basis of race, color, religion, age, national origin, ancestry,
disability, sex, sexual orientation, gender identity, genetic information, veteran status, or marital or
parental status. The following person has been designated to handle inquiries regarding the non-
discrimination policies: Dr. Pamela Foster, Equal Opportunity Director/Title IX Coordinator, Washburn
University, 1700 SW College Ave, Topeka, Kansas 66621, 785.670.1509, eodirector@washburn.edu.

Academic Misconduct Policy:

All students are expected to conduct themselves appropriately and ethically in their academic work.
Inappropriate and unethical behavior includes (but is not limited to) giving or receiving unauthorized aid
on examinations or in the preparation of papers or other assignments, or knowingly misrepresenting the
source of academic work. Washburn University’s Academic Impropriety Policy describes academically
unethical behavior in greater detail and explains the actions that may be taken when such behavior occurs.
For guidelines regarding protection of copyright, consult http://www.washburn.edu/copyright. For a
complete copy of the Academic Impropriety Policy, contact the office of the Vice President for Academic
Affairs, Bradbury Thompson Alumni Center Suite 200, or go on-line to:
http://www.washburn.edu/academic-impropriety.

Student One Stop (S.O.S.):

The Student One Stop is the place where students can take care of a range of matters related to
admissions, financial aid, student records/registration, and student accounts. The S.O.S. incorporates the
front office services of the Admissions Office, Business Office, Financial Aid and the Registrar in one
convenient location. Stop in the Morgan Hall Welcome Center and visit with a University Service
Advisor for assistance or give us call us at (785) 670-2162. You can also email us at sos@washburn.edu.
More information can be found at www.washburn.edu/sos

Student Health and Counseling Services (Located in Morgan Hall Room 140, 785-670-1470):
Student Health Services (SHS) provides support for students experiencing challenges with learning and
adapting to university life. SHS offers urgent care for illness and injury; sports, school, and travel abroad
physicals (including TB testing); well woman exams; STD and pregnancy testing;
immunizations/vaccinations; and care of chronic illness. Services are provided by Board Certified
Advanced Practice Registered Nurses (APRN) who collaborate with WU Student Counseling Services
and physicians in the Topeka area. More information can be found at http://www.washburn.edu/health

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 9 of 12

WU Counseling Services:
Licensed mental health professionals are available in the Counseling Services’ office for personal,
academic, and mental health support. This is accomplished by providing a variety of counseling services
as well as resources and referrals to students. More information can be found at
http://www.washburn.edu/counseling.

Disability Services:

The Student Services Office is responsible for assisting in arranging accommodations and for identifying
resources on campus for persons with disabilities. Qualified students with disabilities must register with
the office to be eligible for services. The office MUST have appropriate documentation on file in order to
provide services. Accommodations may include in-class note takers, test readers and/or scribes, adaptive
computer technology, brailed materials. Requests for accommodations should be submitted at least two
months before services should begin; however, if you need an accommodation this semester, please
contact the Student Services Office immediately.

Location: Student Services, Memorial Student Union/Mosiman Room (MOVED effective 1/6/2014)
Web: http://www.washburn.edu/student-services
Phone: 785-670-1629
E-Mail: student-services@washburn.edu

Students may voluntarily identify themselves to the instructor for a referral to the Student Services Office.

Center for Student Success:

As a Washburn student, you may experience difficulty with issues such as studying, personal problems,
time management, or choice of major, classes, or employment. The Center for Student Success (Office of
Academic Advising, University Tutoring and Writing Center, First-Year Experience, and Testing and
Assessment) is available to help students either directly through academic advising, mentoring, testing
and developing learning strategies or by identifying the appropriate University resource. If you feel you
need someone with whom to discuss an issue confidentially and free of charge, contact the center at 785-
670-1942, advising@washburn.edu, or visit Mabee Library, Room 201.

Withdrawal Policy:
During fall and spring semesters, students may go online and withdraw from full semester courses
through the second week of class with no recorded grade. From the third through the eleventh week a
“W” is recorded for any dropped course. After the eleventh week, there are NO withdrawals, and a grade
will be assigned for the course. These deadlines will be different for short-term, out-of-sequence, or
summer courses. To view the deadline dates for your courses visit the “Last Day” Deadlines web page at:
https://www2-prod.washburn.edu/self-service/coursedates.php. Depending on the timing of the request to
withdraw from a course, students may be responsible for repaying all or a portion of their financial aid.
Students who do not attend their courses and fail to officially withdraw themselves will receive a
grade of “F” and may also be required to repay all or a portion of their financial aid based on their
non-attendance. For further information, contact the Financial Aid Office at 785.670.1151 or e-mail
financialaid@washburn.edu.

Attendance/Administrative Withdrawal:
Although it is the student's responsibility to initiate course withdrawals, an instructor, after due notice to
the student, may request withdrawal of the student from a course because of nonattendance through the
same date as the last day a student may withdraw from a course. This would NOT absolve the student of
financial responsibility for tuition/fees for the course in question. The inclusion of this information in the

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 10 of 12

course syllabus is considered due notice.

Official E-Mail Address:

Your Washburn University e-mail address will be the official address used by the University for relaying
important messages regarding academic and financial information and the University will consider this
your official notification for important information. It may also be used by your instructors to provide
specific course information. Students who prefer to use an alternate e-mail address to receive official
University notices should make certain they have implemented the mail forward option in Office 365
using the instructions available at the following url: http://www.washburn.edu/a-z-
index/its/files/training/office365/ForwardEmailOutlookWeb.pdf

It is the student’s responsibility to ensure that the official Washburn e-mail box does not exceed the
message quota resulting in the inability of e-mail messages to be accepted into the mailbox.

Success Week:
Success Week for undergraduate students is designated as the five weekdays preceding the first day of
scheduled final examinations each Fall and Spring semester. Success Week is intended to provide
students ample opportunity to prepare for final examinations. For academic programs, the following
guidelines apply:
A. Faculty is encouraged to utilize Success Week as a time for review of course material in
preparation for the final examination. If an examination is to be given during Success Week, it must not
be given in the last three days of Success Week unless approved by the Dean or Department Chair.
Assignments worth no more than 10% of the final grade and covering no more than one-fourth of
assigned reading material in the course may be given.
B. Major course assignments (extensive research papers, projects, etc.) should be due on or before
the Friday prior to Success Week and should be assigned early in the semester. Any modifications to
assignments should be made in a timely fashion to give students adequate time to complete the
assignments.
C. If major course assignments must be given during Success Week, they should be due in the
first three days of Success Week. Exceptions include class presentations by students and semester-long
projects such as a project assignment in lieu of a final. Participation and attendance grades are acceptable.

The Success Week policy excludes make-up assignments, make-up tests, take-home final exams, and
laboratory examinations. It also does not apply to classes meeting one day a week for more than one hour.
All University laboratory classes are exempt from this policy.

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 11 of 12

 School of Business Values Statement

Stakeholders of the Washburn School of Business including, but not limited to, faculty, students and administrators, should
expect their interactions with other stakeholders and stakeholder groups to be guided by principles, including but not limited to
honesty, trust, fairness, respect, integrity and responsibility.

Honesty – Honesty is the cornerstone for the other fundamental program values. There can be no trust, fairness, respect, integrity
or responsibility without honesty. Honesty creates the possibility for quality teaching, learning, academic research and
communication between individuals.

Trust – Trust results from a culture of honesty. Trust provides the foundation for an environment that nourishes creativity and
risk-taking in teaching, learning and scholarship, and is essential to Washburn University's pursuit of quality human development
and "learning for a lifetime."

Fairness – A sense of fairness emerges when standards, policies and procedures are equitable, clear, and in the best interest of all
program stakeholders. Without fair processes, the learning environment cannot sustain trust and honesty. Fairness insures that all
stakeholders have the opportunity to succeed, and provides a foundation for mutual respect among stakeholders.

Respect – A University environment focused on the creation and transmission of knowledge requires interaction and participation
by all stakeholders. Quality interaction is facilitated when stakeholders display respect for one another. When stakeholders are
treated fairly and honestly, they are better able to trust one another, which leads to a culture of mutual respect.

Integrity – Stakeholders of the Washburn School of Business conduct themselves with integrity when teaching, learning,
research, communication and other interactions are conducted in accordance with the principles of honesty, trust, fairness and
respect.

Faculty act responsibly when they:

• Maintain currency in their field
• Freely share their knowledge with students
• Develop coursework that is focused, relevant, coherent and adds value to students' career skills and ambitions
• Critically assess students' work in a constructive and rigorous manner
• Challenge students to grow intellectually and professionally
• Create an environment that is conducive to learning
• Assist students in understanding the requirements and expectations of their degree programs

Students act responsibly when they:

• Properly prioritize their commitments to the program
• Manage their work and family responsibilities so they may attend class and be fully engaged in other program activities and
requirements
• Understand the requirements and expectations of their degree programs and plan their class schedules consistent with these
expectations
• Accept criticism in a professional manner and with the understanding that such feedback is designed to improve their
business skills and critical thinking
• Arrive to each class session prepared
• Contribute substantively to the classroom dialogue
• Approach the course material thoughtfully

Washburn University Academic Misconduct Policy

All students are expected to conduct themselves appropriately and ethically in their academic work. Inappropriate and unethical
behavior includes (but is not limited to) giving or receiving unauthorized aid on examinations or in the preparation of papers or
other assignments, or knowingly misrepresenting the source of academic work.

Washburn University’s Academic Impropriety Policy describes academically unethical behavior in greater detail and explains the
actions that may be taken when such behavior occurs.
• For guidelines regarding protection of copyright, consult www.washburn.edu/copyright/students.
• For Academic Impropriety Policy, go on-line to: www.washburn.edu/admin/vpaa/fachdbk/FHsec7.html # VIII
• For Student Conduct and Disciplinary Code, go on-line to: www.washburn.edu/admin/vpaa/fachdbk/FHsec7.html # VII

I have read and I understand the Washburn School of Business Values Statement. I agree to practice and abide by these values
while I am a stakeholder of the School.

Signature: ____________________________________________________ Date______________________

AC 225, Managerial Accounting, Washburn University, fall 2017 Page 12 of 12