Accounting 2101H Principles of Accounting (Honors Section) Course Syllabus Professor Jennifer J. Gaver Fall Semester 2008 Course Description Accounting 2101H is the first course in accounting principles. Enrollment is restricted to UGA Honors students. There are no prerequisites. The objectives of the course are to: 1. Impart an understanding of the accounting process, which summarizes and communicates information useful in making economic decisions. 2. Familiarize students with the preparation, analysis, and interpretation of financial statements. Accounting is often called the language of business. Whether you plan to major in finance, marketing, management or some other area, an understanding of financial statements will be important to your professional success. Required Course Materials Financial Accounting, 4e, by John J. Wild, Copyright 2008, McGraw-Hill Irwin. (http://www.mhhe.com/wildfa4e) The website has some great study supplements. There is also a separate study guide that you might find helpful. Class Listserv: I have added most of you to a class listserv. If you are not getting e-mails from me, please let me know. I will use the listserv to answer questions and clarify the material. Please check your e- mail. Office Hours My office hours are MW, 1:30-3:00 PM, and my office is Room 233 of Brooks Hall. You may contact me by phone 706-542-3699 or by e-mail, jgaver@terry.uga.edu. Course Web Page Links to the course syllabus, financial analysis project, solutions manual, exam results, and other materials can be found on the ACC 2101H WebCT course homepage at https://webct.uga.edu/. Grade Determination Activity % Quizzes 15% Examination I 15% Examination II 15% Examination III 15% Financial Analysis Project 15% Final Examination 25% Total 100% 1
ASSIGNMENT OF LETTER GRADES 90 = A 77-78 = C+ 89 = A- 69-76 = C 87-88 = B+ 66-68 = C- 80-86 = B 59-65 = D 79 = B- < 59 = F Non-integer averages ending in less than 0.500 will rounded down. Non-integer averages ending in 0.500 or more will be rounded up. For example, 89.500 and 89.525 is an A, and 89.475 is an A-. Quizzes A quiz will be given at the conclusion of each chapter. No make-up quizzes will be given. I will drop your two lowest quiz grades to allow for emergencies that prevent you from attending class. Exams There will be three exams during the semester, plus a final exam. All exams are mandatory. If you are forced to miss an examination due to an emergency, the percentage weight for that exam will be added to the final examination. For example, if you miss exam one (and I deem the matter an emergency) then your final exam score will constitute 40% of your final grade. Requests for special exam circumstances (e.g., students coordinating with the Office of Disability Services) will be handled on a case-by-case basis. Job interviews, travel plans, and non-university sponsored activities will not be considered acceptable excuses for missing an exam. Please plan your schedule accordingly. Final Exams: For the 10:10 section, the final examination for the course will be held on Wednesday, Dec. 17, 2008, 8:00-11:00 in Caldwell G-10. For the 11:15 section, the final examination for the course will be held on Friday, Dec. 12, 2008, 12:00-3:00 pm in Caldwell G-10. Students with final exam conflicts must complete and submit a "Final Examination Conflict Form," properly certified by the Terry College of Business Undergraduate Office 317 Sanford Hall. This must be done 10 days prior to the scheduled examination. Also see www.curriculumsystems.uga.edu for the university policy on exam conflicts. The final examination will be cumulative. Returning Exams and Quizzes: Exam and quiz grades will be posted on WebCT (MyGrades link) as soon as they are graded. Exams will be returned in class, and you will be given some class time to review your performance. The exam must be returned at the end of the class period. Any student who leaves class with the exam will receive a zero for that exam. Any questions about the exam should be written on the first page of the exam before it is returned. I will read your questions and respond to you by e-mail. You may also look at your exam during my scheduled office hours. Financial Analysis Project Details on this project, which will constitute 15% of your grade, are provided in a separate document. 2
Tutorial Help Free tutorial help is available for ACC 2101H students through the University of Georgia Chapter of Beta Alpha Psi, the honorary accounting society on campus. I will announce times for these sessions in class; see also the bulletin boards in Caldwell, Brooks, and Sanford Halls for announcements indicating when the tutorial sessions are scheduled. Drop/Adds Students wishing to add or drop the course must go through the OASIS system. Withdrawals Any student who withdraws from the course before the midpoint withdrawal deadline (Friday, Oct. 12) will be assigned a W (NOT WF) regardless of his/her performance in the class until that point. According to UGA policy, a student who withdraws after the midpoint withdrawal deadline is awarded a WF regardless of his/her performance during the semester. All course withdrawals are processed through OASIS. Incomplete Policy A student may be doing satisfactory work, but for non-academic reasons beyond the student's control, may be unable to fulfill the requirements of the course. Under such circumstances, the instructor has the option of giving the student the grade I, indicating that the student's final mark is Incomplete. The policy in the J.M. Tull School of Accounting is that the student MUST complete the course the following quarter or the "I" will automatically change to an "F." A qualifying student who wishes to exercise this grading option must sign an Incomplete Policy-Agreement that may be obtained from the Accounting Office. Academic Honesty Policy All academic work must meet the standards contained in A Culture of Honesty. Students are responsible for informing themselves about those standards before performing any academic work. All academic work submitted in this course must be your own unless you have received my permission to collaborate and have properly acknowledged receiving assistance. It is my responsibility to uphold the University's academic honesty policy and report my belief of dishonesty to the Office of the Vice President for Instruction. Attendance Policy Students are responsible for all announcements and material covered in each class period. They must be present to take scheduled quizzes and exams and to confer with members of their financial analysis team. Apart from these responsibilities, attendance does not impact the course grade. Calculators Calculators are allowed in all exams and classes. However, calculators may not be shared during an exam. 3
Reading Assignments, Exercises and Problems Daily assignments are indicated on the following schedule. Exercises and A problems will be worked in class as time permits. Homework problems will not be collected. Accounting is a cumulative skill. Each topic builds on concepts, principles, and techniques previously covered. You should read the chapter and attempt assigned exercises and problems prior to attending class, and then do the same again after class to reinforce the material. For added reinforcement, you are encouraged to work other exercises and problems at the end of each chapter (including B problems), and use the study guide. The solutions manual is posted on WebCT. Adjustments to the Syllabus The course syllabus is a general plan for the course; deviations announced to the class by the instructor may be necessary. 4
Chapter Assignments: Wild, Financial Accounting, 4th Edition Day Month Date Topic Chapter Exercises/Problems M Aug 18 Accounting in Business 1 Chapter 1 W 20 1 Exercises: 10, 13, 14, 15 Problems: 1, 8, 9 F 22 FSA Project Assignment 1 due 1 M 25 Quiz (chapter 1) Recording Business Transactions 2 W 27 Accounting in Business 2 F 29 2 M Sept 1 Labor Day Holiday W 3 Quiz (chapter 2) Adjusting Accounts & Financial Stmts 3 F 5 FSA Project Assignment 2 due 3 M 8 3 W 10 Quiz (chapter 3) Merchandising Transactions 4 F 12 4 M 15 4 W 17 Quiz (chapter 4), review for exam F 19 Examination I 1-4 M 22 Inventories 5 W 24 5 F 26 FSA Project Assignment 3 due 5 M 29 Quiz (chapter 5) Cash and Internal Controls 6 W Oct 1 6 F 3 6 M 6 Quiz (chapter 6) Receivables 7 W 8 7 F 10 FSA Project Assignment 4 due 7 M 13 Quiz (chapter 7) Long-Term Assets 8 W 15 8 F 17 8 M 20 Quiz (chapter 8), review for exam Chapter 2 Exercises: 1, 2, 6, 14 Problems: 2, 4, 5, 6 Chapter 3 Exercises: 2, 4, 6 Problems: 1, 2 Chapter 4 Exercises: 1, 6, 8, 9 Problems: 2, 4 Chapter 5 Exercises: 1, 2, 3 Problems: 1, 2, 3 Chapter 6 Exercises: 4, 5, 8, 9 Problems: 1, 3, 4 Chapter 7 Exercises: 3, 4, 5, 8 Problems: 2, 3, 4, 5 Chapter 8 Exercises: 3, 6, 7, 9, 11, 13 Problems: 4, 5, 6 W 22 Examination II 5-8 T 23 Fall Withdrawal Deadline F 24 Current Liabilities 9 M 27 FSA Project Assignment 5 due 9 W 29 9 F 31 Fall Break Chapter 9 Exercises: 2, 3, 5, 6, 8 Problems: 1, 2, 4, 5 5
Day Month Date Topic Chapter Exercises/Problems M Nov 3 Quiz (chapter 9) Bonds, Long-Term Liabilities 10 Chapter 10 Exercises: 1, 2, 4, 6, 8, W 5 10 11, 12 F 7 FSA Project Assignment 6 due 10 Problems: 1, 3, 5, 8 M 10 10 W 12 Quiz (chapter 10) Shareholder Equity 11 F 14 FSA Project Assignment 7 due 11 M 17 11 Chapter 11 Exercises: 3, 6, 8, 9, 10, 13 Problems: 2, 4 Chapter 12 Exercises: 2, 5, 10, 12 Problems: 1, 3, 4, 6 W 19 Quiz (chapter 11) Statement of Cash Flows 12 F 21 Turn in hard copy of complete assignment. 12 M 24 Thanksgiving Break W 26 F 28 M Dec 1 12 W 3 Quiz (chapter 12), review for exam F 5 Examination III 9-12 M 8 MAcc Panel T 9 Review for final exam W 10 Reading Day F 12 Final Examination, 11:15 class 1-12 12-3 pm W 17 Final Examination, 10:10 class 1-12 8-11 am 6