This course provides an introduction to the concepts and uses of: financial accounting information in a business environment. Primary areas of study include the theory of debits and credits, special journals, the accounting cycle, and the determination of net income, the preparation and analysis of basic financial statements, posting, preparing a trial balance and worksheet, adjusting and closing entries, and preparing a post-closing trial balance.
Specific topics include: accounts receivable and uncollectable accounts for bad debt, Notes Receivable and Payable, interest and proceeds, accounts payable, accounting for merchandise and service transactions, payroll, inventory valuation and cost of goods sold, PP&E (Property, Plant and Equipment) and depreciation, intangible assets and amortization, depletion, LCM (Lower of Cost or Market) rules as well as accounting and operations for proprietorship, partnership, and corporation.
1) Get to Know Your Students: Where are they academically at this point?
2) Explain Material Clearly, Break Down Bigger Concepts
3) Promote Student Independence: builds up their critical thinking and confidence in the material.
4) Get Students Interested and Engaged with the Material
5) Provide Immediate Feedback to Students
6) Monitor Student Progress and Get Feedback from Students
1) Establish a positive classroom environment
2) Begin lessons by giving clear instructions
3) Maintain student attention
4) Use appropriate pacing
5) Provide suitable seatwork
6) Evaluate what has taken place in your lesson
7) Make a smooth transition into next subject
8) Develop positive teacher/student relationships
My career path from high school through college always seemed to be on track towards Financial Services. With degrees in Finance and Accounting, and Wall Street nearby with an abundance of opportunity, it was the right path for me at the time. But teaching was always in the back of my mind. Well, who would of thought that 25 years later I would be an Adjunct Professor. I started teaching at Bramson ORT College in 2009, and I am now also a Visiting Professor at DeVry College. I bring with me 25 years of practical accounting experience, not only from large corporations, but also small financial services companies. I am experienced in preparing and analyzing financial statements, reconciling discrepancies, auditing, working with Regulatory agencies such as the SEC, and the NYSE, and preparing and analyzing income tax returns.
I have taught the following Accounting Courses at Bramson ORT and DeVry Colleges:
1) Principles of Accounting I and II
2) Intermediate Accounting I, II and III
3) Cost Accounting
5) Federal Taxation of Corporations and partnerships
6) Federal Taxation of Individuals
7) Essentials of Accounting
8) Managerial Accounting
9) Fed Taxes & Management Decisions
10) Accounting Ethics and Related Regulatory Issues
Adjunct Professor of Accounting and Management. Present topics in a thought provoking manner, assess students’ progress and performance, provide positive feedback and guidance, maintain order and discipline in the classroom. Proficient in Moodle and Campus Vue learning platforms/course management systems. Prior Wall Street professional with a BBA in Finance, MBA in Accounting and a broad knowledge of Financial Service.
ICN Group, Corp. New York, NY
Teacher/Instructor (Part-Time) • 2016 – Present
• Accounting: Provide students with a thorough understanding of accounting principles and procedures. Topics include: interpreting transactions; posting and summarizing data into financial statements; inventories; temporary investments; accounting for receivables and payables; fixed assets; and accounting for a merchandising company.
• Excel Spreadsheets: Demonstrate practical application of Microsoft Excel, formulas, functions, as it relates to accounting transactions, financial statements, financial ratios, charts, horizontal and vertical analysis.
Bramson ORT College, Queens and Brooklyn, NY
Adjunct Professor (Part-Time) • 2009 – Present
• Accounting: Provide students with an understanding of: the principles, methods, and procedures of accounting and the accounting cycle, Principles of Accounting, Cost Accounting, Auditing and Federal Taxation.
• Introduction to Business: Introduce students to business administration and management, marketing, finance, human resources, and economics in the American market place.
• Business Management: Review the processes of management, decision-making, and organizational structure, including employer-employee relations, and managerial functions.
DeVry University & Keller Graduate School of Management, New York, NY
Visiting Professor (Part-Time) • 2014 – 2016
• Provide Undergraduate and Graduate students with an enhanced education in Essentials of Accounting, Intermediate Accounting and Federal Taxation.
• Meet with students once a week for three-and-one-half-hours of thought provoking, interactive lectures and discussions, plus demonstrations of problems and concepts.
• Combine weekly onsite activities with relevant online guidance (participate in student online discussions and present challenging questions, exercises and problems through the online discussion platform).
OPMI Business School, New York, NY
Teacher/Instructor (Part-Time) • 2012 – 2013
• Principles of Accounting: Provided students with an understanding of the fundamentals of accounting as it relates to the various dimensions of business. Increased their ability to perform in an actual work environment when they enter the work force or start their own business.
Campus Education (Formerly CPLC Education Center), Jersey City, NJ
Teacher/Instructor (Part-Time) • 2010 – 2011
• Office Administrator Specialist: Prepared individuals for employment in an office environment, including that of an Administrative Assistant, Office Administrator or Help Desk Professional.
• Microsoft Office Applications: Taught general concepts - from preparing business correspondence to making spreadsheets, from creating impressive reports and presentations to managing schedules and tasks.
Fidelity Brokerage Company (National Financial Services), New York, NY
Accounting Analyst III (Regulatory Reporting/Control) • 2006 – 2008
• Reclassified account balances for Reserve Calculation (SEC Rule 15c3-3).
• Short Interest Reporting, Trading Activity Fees, SEC Fees, NYSE Form R1 and AMEX 1S/1RA.
• Opened and coded accounts (borrows, loans, fails, suspense, P&S, dividend, multicurrency).
• Reconciled Tri-Party Repurchase agreements and PAIB Repurchase agreements
Merrill Lynch & Company, Inc., Hopewell, NJ
Retirement Plan Representative • 2006
• Provided complete and accurate information to clients in a multitask, high-pressure environment.
• Assisted clients with general account inquiries and questions regarding their benefit plan investments and asset-related products. Researched and provided solutions to clients’ issues.
• Processed stock option exercises, stock purchases and sales, and fund withdrawals.
Western & Southern Financial Group, Livonia, MI
Insurance Representative • 2005
• Managed client relationships; utilized a multiple source prospecting system to obtain new clients.
• Explored clients’ financial needs (Mortgage Protection, Survivor, Educational Funding, Retirement Planning, and Wealth Transfer) and provided solutions (Annuities, Mutual Funds, Insurance).
Secure Investors Group, Inc., Troy, MI
Asset Consultant (New Business Administrator) • 2004 – 2005
• Provided clients with estate planning strategies, assisted with preparation and funding of trusts.
• Analyzed and monitored annuity contracts to ensure they were compliant and eventually in force.
The Ayco Company, L.P. (A Goldman Sachs Company), Troy, MI
Senior Financial Planner • 2001 – 2003
• Prepared and analyzed estate planning documents, income tax projections, tax returns, asset allocation models, total return calculations and long-term (Monte Carlo) cash flow projections.
• Prepared and analyzed net worth statements, investment allocation and performance charts, balance sheets and stock option charts. Assisted clients and helped spot planning opportunities.
Datek Online (iClearing LLC), Jersey City, NJ
Regulatory Control Analyst • 1999 – 2001
• Established internal auditing procedures.
• Reviewed Possession and Control Obligations (SEC Rule 15c3-3) concerning aged securities.
• Reviewed 15c3-3 Reserve Formula and 15c3-1 Net Capital Computation to identify/reduce operational charges.
Prudential Securities, Inc., New York, NY
Regulatory Compliance Analyst • 1996 – 1999
• Reviewed and tested adherence to Possession and Control Requirements (SEC Rule 15c3-3).
• Ensured compliance with internal procedures and regulatory requirements.
• Reviewed Customer Reserve Formula and monitored deficit increases.
• Acted as a liaison with regulatory agencies.
Firm Financing Accountant • 1994 – 1996
• Balanced trading accounts with respect to position, Principle & Interest, and Profit & Loss.
Reconciliation Analyst • 1985 – 1994
• Resolved discrepancies in suspense accounts; balanced clearance accounts.
Merrill Lynch & Company, Inc., New York, NY
Customer Accountant • 1984 – 1985
• Monitored activity with respect to available funds, Applied cash and margin bookkeeping to maintain the ledgers.
MBA, Accounting, St. John’s University, Staten Island, NY, 1995
BBA, Finance, Baruch College, (CUNY), New York, NY, 1984
Customer Protection Rule - 15c3-3, Uniform Net Capital Rule - 15c3-1, New York Institute of Finance, 1999
Microsoft Office: Access, Excel, Word, Power Point
Various New Account Platforms and Stock Option Platforms
Financial Focus - Financial Planning Software, various applications
NWL Solutions - Insurance & Annuity Illustrations Software
Monte Carlo Simulation - Retirement Cash Flow Projections
GoSystem Tax, BNA Income Tax Planner – Tax Return Software and Tax Return Projections
Professor David Marnell is an excellent professor. He tries to help out the students as much as he can. Teachings are very clear and he responds to emails very quickly. I highly recommend.
The knowledge he has taught and shared with his students was very informative. In addition to that the knowledge shared is truthful. My school endeavors wouldn't have been clear without his help.
David is a great and empathetic teacher who goes out of his way to help students. A true master of his profession.
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