Welcome to John Lasik's Home Page!


 

Winter 2015 online course

 

Syllabus for ACCT 305, Cost Accounting.

 

Link to 305 course site (password protected).

 

A letter of introduction was e-mailed to registered students on 12/16. The letter includes the password and username needed to enter the 305 course site. If you registered after that date, contact me via e-mail so that I may send you the letter.

 

Important note: All course materials are accessed through the 305 course site and Connect. Canvas is not used in this course.

 

 


Description: Description: Description: John.jpg

John Lasik

Senior Lecturer (semi-retired)

MBA CMA CPA (retired)

 

Send mail to John

 

Go Hawks!

 

For Students:

Career Information

Certification Programs

Advising Resources

Syllabi for John's courses

 

Other Links:

Excel Template Library

Financial Planning

CB home page

CWU home page

John's Bio

 

 

 

 

 

Professional Certification Programs

 

1.            Certified Public Accountant (CPA). Information about careers in certified public accounting and CPA standards and examinations may be obtained from: American Institute of Certified Public Accountants. Go to: http://www.aicpa.org. Information about the CPA exam and licensing requirements in the State of Washington may be found at http://www.cpaboard.wa.gov.

 

2.            Certified Management Accountant (CMA). Information on careers in management accounting and the CMA designation may be obtained from: Institute of Management Accountants. Go to http://www.imanet.org. Detailed content specification for the current 2-part exam.

 

3.            Certified Internal Auditor (CIA). Information on careers in internal auditing and the CIA designation may be obtained from The Institute of Internal Auditors. Internet: http://www.theiia.org.

 

4.            Certified Financial Planner (CFP). The CFP marks have become recognized as the global symbol for competent and ethical financial planning advice. Go to http://www.cfp-board.org.

 

5.            Chartered Financial Analyst (CFA). The CFA Program is a globally recognized standard for measuring the competence and integrity of financial analysts. Its curriculum develops and reinforces a fundamental knowledge of investment principles.

 

6.            Certified Government Financial Manager (CGFM). Information on careers in government accounting and on the CGFM designation may be obtained from: Association of Government Accountants. http://www.agacgfm.org.

 

7.            Certified Information Systems Auditor (CISA). This designation is related to careers in information systems auditing. The CISA designation may be obtained from: The Information Systems Audit and Control Association, http://www.isaca.org.

 

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Career Information for Accounting & Finance Students

 

1.            Occupational Outlook Handbook. Best source for business-related career information. Provides career information describing what workers do on the job, working conditions, training and education needed, earnings, and expected job prospects in a wide range of occupations. Following are two relevant examples from the handbook:

 

A.            Accountants and Auditors

 

B.            Financial Analysts and Personal Financial Advisors

 

C.           Note: There are many other management and business & financial operations occupations detailed in the handbook. Index.

 

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Financial Planning Links

 

1.            MSN MoneyCentral. Excellent source for free information related to investing, banking, planning, and taxes.

 

2.            Yahoo Finance. Similar to MSN MoneyCentral. This is another excellent free source.

 

3.            Bankrate.com. Useful source for current rates on nearly all financial instruments.

 

4.            Insurance.com (from Fidelity Investments) for life insurance quotes. Are you in the Preferred Plus category?

 

5.            Investing In Bonds.com. Recommended site for all aspects of bond investing.

 

6.            IRS Forms and Publications Online.

 

7.            Edmunds.com, an excellent resource for the new/used car buyer.

 

8.            FRED database. The Federal Reserve Bank of St. Louis provides consumers, students, economists, and financial institutions around the world with economic and financial information in an easy-to-use format.

 

9.            Lasik approach to investment analysis and equity portfolio construction. 

 

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Student Resources

 

1.            CWU College of Business Home. A rich set of resources is available under the "Student Resources" tab.

 

2.            CWU Registrar Services and CWU Catalogs.

 

3.            CWU Library databases, including access to Standard & Poors and Value Line.

 

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Excel Templates (for common finance-related calculations)

 

1.            Basic time value

 

FVSS, future value of a single sum, including intra-year compounding.

PVSS, present value of a single sum, including intra-year compounding / discounting.

FVA, future value of an annuity, including annuity due and ordinary annuity.

FVA, RCF unknown.

PVA, present value of an annuity, including annuity due and ordinary annuity.

PVA, RCF unknown.

 

2.            Yield, or rate of return, calculations

 

APY, annual percentage yield, given interest rate and frequency of compounding.

AER, annual effective rate, given a terminal value and initial value separated by "n" years.

Time, in years, for an investment to grow to a desired future value, given an assumed interest rate.

 

3.            Personal financial planning related

 

CWU student quarterly budget

Payment calculation on a standard amortized loan.

New car financing, including an amortization schedule

Qualifying model for a mortgage loan.

FRM vs ARM, fixed rate versus adjustable rate loan decision.

Retirement planning model: How much will I have? What are my withdrawal options?

 

4.            Bond related

 

Bond value (issuer's viewpoint)

Bond value (investor's viewpoint)

YTM, yield to maturity on a bond

Amortization schedule for bonds sold at a discount (GAAP basis)

Amortization schedule for bonds sold at a premium (GAAP basis)

Reinvestment risk analysis on a bond

Interest rate risk analysis on a bond

Duration calculation and application, an advanced bond portfolio management concept

T-Bill primary market bid worksheet

 

5.            Stock investor related

 

Stock constant growth dividends fair (intrinsic) value

Stock fair (intrinsic) value, a more comprehensive model involving earnings and dividends

Standard deviation calculation, an empirical measure of past stand-alone risk

Beta calculation, an empirical measure of systematic, or non-diversifiable risk

 

6.            Financial management related

 

Capital budgeting models, a calculator for NPV, IRR, and payback models.

Cost of debt model, including flotation costs, taxes, and discount amortization, for use in the

WACC model, weighted average cost of capital model, including new debt, preferred stock, available retained earnings, and new common stock.

Cost of short-term borrowing, a standardized approach.

 

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Syllabi for John's Recent Courses (last 5 years)

 

1.            ACCT 251: Accounting I

2.            ACCT 252: Accounting II

3.            ACCT 305: Cost Accounting

4.            ACCT 350: Intermediate Accounting I

5.            ACCT 351: Intermediate Accounting II

6.            ACCT 405: Advanced Cost Accounting

7.            ACCT 430: Accounting for Governmental and Non-Profit Organizations

 

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