Student Information Form ACCT 2121, Summer 2013

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1 Please print, fill out, and bring with you to class on Monday, May 20, 2013 Student Information Form ACCT 2121, Summer Section (circle one): 1:15pm 3:00pm 2. Name Phone Name by which you would like to be called in class (if different from above) (Circle one) Male Female Hometown (where did you grow up?) 3. Major: 4. If you currently have a job, where do you work? 5. If you have a job, how many hours per week do you work? 6. Career Interests: 7. Comments and/or other information (use back if you need more space):

2 Principles of Accounting 1 ACCT 2121 Sections 003 and 004 Summer 2013 Instructor Information Instructor: Office: Office Hours: Dr. David S. Kerr Friday 253E Feel free to stop by anytime. Regular office hours: Monday through Friday 4:35p 5:45p. Class Hours: ACCT : MTWRF 1:15p 2:45p, Friday bldg room 155. ACCT : MTWRF 3:00p 4:30p, Friday bldg room dskerr@uncc.edu Required Textbook Textbook (required): Financial Accounting: Tools for Decision Making, 6 th edition, by Kimmel, Weygandt, & Kieso; 2011; published by John Wiley & Sons. A binder-ready (loose-leaf) version of the textbook (ISBN ) is available for purchased at the UNC Charlotte bookstore, at Gray s bookstore, and at Miner books for about $100. Alternatively, you can purchase a new or used textbook with a hard cover elsewhere (ISBN ), or an electronic version of the textbook online. See page 2 of this syllabus for more information. Statement on Students with Disabilities The Americans with Disabilities Act is a federal anti-discrimination statute that provides civil rights protection for persons with disabilities. This legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please see me within the first week and also contact the Office of Disability Services in Room 230 of the Fretwell building and follow the instructions of that office for obtaining accommodations.

3 Summer 2013 Principles of Accounting 1 Kerr Page 2 General Comments WileyPLUS (optional) Welcome to Principles of Accounting 1 at UNC Charlotte! I am looking forward to getting to know each of you during the next five weeks and helping you succeed in this course, in the University, and in your career. Keep in mind that your primary goal in this course is to enhance your professional career. Do not approach the course as if your only goal is to perform well on exams. You should make every effort to attend class. If you occasionally skip class, you will find yourself continually struggling to catch up. The best thing to do is plan ahead and budget your time suitably so you can keep up in every class. Please stop by my office whenever you feel you need help. In addition, I welcome your suggestions about how the course could be improved. WileyPLUS is an easy-to-use online resource you can use to help you complete the course successfully. WileyPlus includes a complete electronic version of the textbook as well as resources such as the student study guide, multiple-choice questions, flashcards, crossword puzzles, videos, and interactive tutorials to improve your understanding of the material. Use of the resources available in WileyPLUS is recommended but not required. If you choose to use WileyPLUS, you will need a registration code. Textbook / WileyPLUS Options your options for purchasing the textbook and/or a WileyPLUS registration code are as follows: a. Binder-ready (loose-leaf) book & WileyPLUS registration code. ISBN: A WileyPLUS registration code is included at no additional cost in all new textbooks (including the binder-ready version) sold at the UNC Charlotte bookstore, at Gray s bookstore, and at Miner books. The code for WileyPLUS is packaged with your textbook. Your code might be attached to your book s plastic wrap, so be careful to not throw it away when you remove the plastic wrap. You ll have to purchase another code if you throw yours away. b. Purchase a new or used copy of the textbook from another source (ISBN ). A WileyPLUS registration code might not come with a new textbook purchased online; a used textbook will not include a usable code. Therefore, you would need to purchase a WileyPLUS registration code separately from the publisher (Wiley) if you choose to use any of the WileyPLUS resources. In this case, option a would probably be less expensive for you than option b because, when purchased separately, the registration code costs about $95. However, if you do not plan to use WileyPLUS, you will not need a WileyPLUS code and option b might be less expense than options a or c. c. Electronic textbook (WileyPLUS only): If you have consistent access to a computer, you may purchase a WileyPLUS registration code from the publisher and no hard copy of the textbook. WileyPLUS includes a digital version of the textbook that you can read using your computer.

4 Summer 2013 Principles of Accounting 1 Kerr Page 3 To register for WileyPLUS (optional): Use your web browser to go to the and click Get Started. If you purchased a new textbook, use the code that came with your book when you register. If you purchased a used book or no book, you can buy a registration code online when you register. When asked to enter your school name, type: University of North Carolina at Charlotte, then click Find. Click the + symbol (left side of Accounting Principles ) and select your section. Click Create Account and complete the registration process. Technical support chat for WileyPLUS is available online Monday thru Friday 24 hours per day, and Saturday & Sunday 4PM 11:59 PM EDT: Moodle (UNC Charlotte s Learning Management System) Class Notes: I will distribute class notes for each chapter on Moodle. Please print the class notes and bring them to class. Test Scores: You can use Moodle to check your exam scores. Click the GRADES button in the ADMINISTRATION area on the left side of your screen. Moodle is accessible through 49er Express on the UNC Charlotte web site ( You will then need to enter your NinerNet user name and password on the right-hand side of the Moodle screen to log in. Grades Your grade in the course will be based on four exams as follows: Exam #1 (chapters 1 & 2) Exam #2 (chapters 3, 4, & 5) Exam #3 (chapters 6, 8, & 9) Exam #4 (cumulative) Total 100 points 100 points 100 points 160 points 460 points Preliminary Grading Scale Total Points Earned Less than Course Grade A B C D F

5 Summer 2013 Principles of Accounting 1 Kerr Page 4 Examinations Four exams will be given during class. The format of these four exams will be multiple-choice. Exam scores will not be curved. You may use one 3"x5" note card with hand-written notes, front and back, when taking each exam. You must be in class at the proper time to take each exam. No make-up exams will be given, and no exams will be given before or after their scheduled times. If you miss a midterm exam, the grade will be recorded as a zero, which will be replaced by your weighted average grade on all of your other exams, including the final exam, at the end of the semester. This allows for the possibility that you may have to miss one of the midterm exams due to unavoidable circumstances such as illness, car problems, work, or other conflicts. If you take all three midterm exams at their scheduled times, I will replace your lowest midterm exam grade with your weighted average grade on the other exams, including the final exam, if it raises your average in the course. If you miss the final exam due to an excused absence with appropriate documentation, you will be given a make-up final exam during the second week of the following semester. Be aware that make-up exams tend to be more difficult than the original, so you should make every effort to take the final exam at the scheduled time. On exam days, you may, of course, leave class after you finish and turn in your exam. However, you may not leave during the exam and then come back to finish it. Once you leave the classroom, that s it you re finished with the exam so it might be good to visit the restroom right before the exam begins. If you re late to class on an exam day and any students have finished the exam and already left the classroom, you will not be allowed to take the exam. On exam days, bring with you the following items: #2 pencil(s) Basic, four-function calculator If you choose to wear a hat with a brim during an exam, the brim must be facing backwards. Policies Regarding Grading (Portions of the following paragraph are from the University s Policies and Procedures for Appeals of Final Course Grades; for more information, see Determination of final course grades and policies and procedures regarding grades is the responsibility of faculty, not students. Thus, the grading policies, procedures, and scales in your courses at UNC Charlotte are not open to debate, negotiation, or appeal. It is inappropriate for a student to contact a faculty member at the end of the semester in an attempt to influence the faculty member s determination of final course grades. This includes, but is not limited to, asking the faculty member to raise the student s grade for any reason. However, if you believe your final course grade assigned by the instructor was the result of a clear and material mistake in calculating or recording grades, you should contact the instructor, who will explain how the grade was determined. Your inquiry to the instructor should occur as soon as possible after the formal grade report is received. If you are unable to resolve the grievance through consultation with the instructor, a written request for review of the course grade may be submitted to the Chair of the

6 Summer 2013 Principles of Accounting 1 Kerr Page 5 Department in which the course was taught. Requests for review must be submitted within the first four weeks of the next regular academic semester. You should note that, as outlined on the previous page, your semester grade for this course will be determined by the total number of points you earn on exams during the semester period. Factors and circumstances other than your total points will not be considered. This includes, but is not limited to, factors such as need (e.g., if you need a B or better to keep a scholarship, then you must earn at least enough points to receive a B; plan accordingly), effort (while effort and exam scores tend to be highly correlated, your grade in this course will be based on your exam scores, not on the number of hours you spend studying), the number of hours per week you work, number of courses you re taking this semester, prior coursework or work experience related to accounting, etc. (i.e., all students will be graded similarly, regardless of current employment status, course load, and prior accounting-related employment or coursework). In addition, students with disabilities will be graded on the same grading scale as all other students; however, students with disabilities may request reasonable accommodation of their disabilities as discussed on page 1 of this syllabus. Finally, please note that there will be no extra credit work available, and midterm exams are not curved. Do not ask me to grade you differently than other students or to raise your end-ofsemester grade it will not happen. Attendance and Participation Class attendance is important as it gives you an opportunity to clarify and test your understanding of the material covered. You will be responsible for all material covered in class as well as in the homework assignments and readings. Verbal communication skills and the ability to think on your feet are important for professionals. You should be prepared each day to respond to questions from other members of the class and from me. I will conduct this class in an atmosphere of mutual respect. I encourage your active participation in class discussions. The sharing of questions and differing ideas is encouraged and welcome. However, I will exercise my responsibility to manage the discussions so they can proceed in an orderly fashion. You should expect that if your conduct during class discussions seriously disrupts the atmosphere of mutual respect I expect in this class, you will not be permitted to participate further. Promptness is important and is a quality of successful individuals in the professional world of accounting. Students arriving late to class tend to disrupt other students, so please be prompt. Unless it s an emergency, please do not leave class before it s over. Leaving class early is distracting and discourteous to other students and to me. If you know you re going to have to leave early, please let me know before class starts. Calculators, Cell Phones, and Computers You will need a basic, four-function calculator for use in this course; please bring it with you to class. No financial calculators, programmable calculators, calculators that will accept text, or cell-phone calculators will be allowed during exams.

7 Summer 2013 Principles of Accounting 1 Kerr Page 6 Homework The use of cell phones, beepers, or other communication devices is disruptive and is therefore prohibited during class. Please turn your cell phone off before entering the classroom. You are permitted to use computers during class for note-taking and other class-related work only. The use of computers during class for activities not related to the class is prohibited. Various end-of-chapter exercises and problems in the textbook have been selected as homework assignments to help you learn the material and to improve your skills in particular areas critical for success in accounting. Your completion of these homework assignments is vital to your success in the course. Solutions to the homework assignments are provided at the end of your class notes for each chapter. Academic Honesty A high level of ethical conduct is a critically important attribute of members of the accounting profession. The importance of ethical conduct extends into the academic arena where the profession s future leaders are being prepared. Thus, students are expected to conduct themselves in a manner that is above reproach in their academic work. Academic misconduct includes cheating, fabrication, falsification, multiple submissions, plagiarism, and complicity. Each of these types of misconduct is discussed in the Code of Student Academic Integrity on the UNC Charlotte website at html, along with related penalties and procedures. You are expected to be familiar with, and to follow, this Code. In addition, the following specific requirements are expected in this class: (1) Strict individual performance on exams, i.e., not copying answers from others, not discussing exam questions with another student until all students have finished the exam; (2) Not consulting notes or books during exams unless expressly permitted; (3) Not passing or receiving information about an exam to students in your section or in other sections of the course. (4) Not providing solutions to end-of-chapter exercises or problems to students in other sections of the course. If any of these requirements are unclear to you, please consult with me before you complete any exams or assignments in the course. I expect every student in my classes to share responsibility for preventing dishonesty of any kind.

8 Summer 2013 Principles of Accounting 1 Kerr Page 7 Course Objectives Course Description The primary objective of the first year of accounting (Principles of Accounting I and II) is for students to learn about accounting as an information development and communication function that supports decision making by investors, loan officers, managers, government agencies, and any party that bases its decisions on accounting information. Upon completion of the first year of accounting, you will: 1. have a better understanding of basic business activities in the service sector, merchandising sector, and manufacturing sector, 2. understand the purpose of accounting and the uses and limitations of accounting information in making investment as well as business decisions, 3. possess enhanced analytical, communication, inter-personal, and critical-thinking skills for success in the world of business, 4. have an increased awareness of the importance of information technology with regard to financial information, and 5. understand the global perspective of accounting and business. Fundamental accounting principles, with emphasis on the use of financial accounting data and the analysis of financial statements. Prerequisite: Sophomore standing or permission of the Department. Note: I reserve the right to modify the course schedule, reading and homework assignments, classroom procedures, and course policies if circumstances warrant. If I am late in arriving to class, please wait 10 minutes after the scheduled start of class before leaving.

9 8 Course Schedule Summer 2013 (Dates are subject to change) Day/Date In-Class Discussion Topic After-Class Homework Assignment After-Class Reading Assignment Monday May 20, 2013 Introduction to the Course. Ch 1: Introduction to Financial Statements. Chapter 1, including all Self-Test Questions on pages 25 & 26 Tuesday May 21 Ch 1: Introduction to Financial Statements E1-1, E1-3, E1-10, P1-3A, P1-4A. (Solutions are provided at the end of chapter 1 s class notes.) Download notes for Chapter 2 from Moodle and bring them to class on Wednesday. Wednesday May 22 Ch 2: A Further Look at Financial Statements. Chapter 2, including all Self-Test Questions on pages 74 & 75. Thursday May 23 Friday May 24 Monday May 27 Ch 2: A Further Look at Financial Statements Exam #1 (chapters 1 & 2) Memorial Day No Classes BE2-1, E2-8, P2-2A, P2-5A. (See chapter 2 s class notes for solutions.) Tuesday May 28 Ch 3: The Accounting Information System. Chapter 3, including all Self-Test Questions on pages 135 & 136.

10 9 Day/Date In-Class Discussion Topic After-Class Homework Assignment After-Class Reading Assignment Wednesday May 29 Ch 3: The Accounting Information System Ch 4: Accrual Accounting Concepts. Review Exam #1. BE3-3, BE3-9, E3-2, E3-8, E3-10, E3-9, P3-5A. Thursday May 30 Ch 4: Accrual Accounting Concepts Chapter 4, including Appendix 4A (pg 195), and all Self-Test Questions on pages 198 & 199. Friday May 31 Ch 4: Accrual Accounting Concepts E4-2, E4-10, P4-2A, P4-7A. Monday June 3 Ch 5: Merchandising Operations and the Multi-Step Income Stmt. Chapter 5, including Appendix 5A (pg 251), and all Self-Test Questions on pages 255 & 256. Tuesday June 4 Wednesday June 5 Ch 5: Merchandising Operations and the Multi-Step Income Statement Exam #2 (ch 3, 4, 5) BE5-8, E5-2, E5-3, E5-6, P5-1A. Thursday June 6 Ch 6: Reporting and Analyzing Inventory. Chapter 6, including both Appendices and all Self- Test Questions on pages 309 & 310. Friday June 7 Ch 6: Reporting and Analyzing Inventory Review Exam #2. BE6-2, E6-5, E6-7, E6-9, E6-12, E6-14, P6-5A. Monday June 10 Ch 8: Reporting and Analyzing Receivables. Chapter 8, including all Self-Test Questions on pages 425 & 426.

11 10 Day/Date In-Class Discussion Topic After-Class Homework Assignment After-Class Reading Assignment Tuesday June 11 Ch 8: Reporting and Analyzing Receivables BE8-3, BE8-4, BE8-5, BE8-11, E8-4, P8-8A. Wednesday June 12 Ch 9: Reporting and Analyzing Long-Lived Assets. Chapter 9, including Appendix 9A (pg 476), and all Self-Test Questions on pages 481 & 482. Thursday June 13 Friday June 14 Ch 9: Reporting and Analyzing Long-Lived Assets Exam #3 (ch 6, 8, 9) BE9-3, BE9-6, BE9-7, BE9-13, BE9-14, E9-8, P9-7A. Note: Today is last day to withdraw from all classes Monday June 17 Ch 10: Reporting and Analyzing Liabilities. Chapter 10, including Appendix 10A (but not Appendices 10B or 10C), and all Self-Test Questions on pages 540, 541, & 542. Appendix D: Time Value of Money (pg D-1 near end of book). Tuesday June 18 Ch 10: Reporting and Analyzing Liabilities Appendix D: Time Value of Money. Review Exam #3. BE10-7, BE10-13, BE10-14, E10-5, E10-6, E BED-3, BED-4, BED-5, BED-8, BED-11, BED-13. (These exercises are located at the end of Appendix D near the back of your textbook) Wednesday June 19 Ch 11: Reporting and Analyzing Stockholders Equity. Chapter 11, including all Self-Test Questions on pages 600 & 601. Thursday June 20 Ch 11: Reporting and Analyzing Stockholders Equity E11-1, E11-2, E11-16, P11-2A. Friday June 21 Ch 12: Statement of Cash Flows. Chapter 12, including all Self-Test Questions on pages 658 & 659. You can skip the Appendix.

12 11 Day/Date In-Class Discussion Topic After-Class Homework Assignment After-Class Reading Assignment Monday June 24 Ch 12: Statement of Cash Flows Ch 7: Bank Reconciliations. BE12-2, E12-4, E12-8, P12-1A. BE7-10, E7-8. Chapter 7 read pages 352 through 356. Tuesday June 25 Section 003: Exam 12:00 noon Section 004: Exam 3:00pm The Belk College of Business strives to create an inclusive academic climate in which the dignity of all individuals is respected and maintained. Therefore, BCB celebrates diversity that includes, but is not limited to ability/disability, age, culture, ethnicity, gender, language, race, religion, sexual orientation, and socio-economic status.

FINN FINANCIAL MANAGEMENT Spring 2014

FINN FINANCIAL MANAGEMENT Spring 2014 FINN 3120-004 FINANCIAL MANAGEMENT Spring 2014 Instructor: Sailu Li Time and Location: 08:00-09:15AM, Tuesday and Thursday, FRIDAY 142 Contact: Friday 272A, 704-687-5447 Email: sli20@uncc.edu Office Hours: