Syllabus-116A Financial Accounting MIRAMAR COLLEGE COURSE NUMBER & TITLE: CRN66239/ Business 116A, Financial Accounting, Spring 2013, 4 Units. INSTRUCTOR: Delores Loedel, CMA BIOGRAPHY: B. S. and M.S. in Accounting from University of North Texas. Industry experience includes Internal Auditing, Marketing Accounting, Management Accounting and Financial Accounting including management experience. Completed the testing, educational and experience requirements for Certified Managerial Accountant (CMA). Currently also teaching various accounting courses in the classroom and online for MiraCosta College. Obtained Certificate in Online Education from Cerro Coso College. DAY AND TIME: January 28 - May 25, 2013, on-line in Blackboard. PREREQUISITE: Completion of Basic Mathematics Course, or Equivalent Knowledge. CONTACT INFORMATION: Email: dloedel@sdccd.edu (I will get back to you no later than 24-36 hours). COURSE DESCRIPTION: The purpose of this course is to develop an understanding of the information contained in the financial statements. It explores what financial accounting is, why it is important, and how it is used by investors and creditors to make decisions. The course covers the accounting information system, and the recording and reporting of business transactions with the focus on the accounting cycle, the application of GAAP, preparation of classified financial statements, and financial analysis. This includes issues related to assets, liabilities, equity valuation, revenue and expense recognition, cash flow, internal controls and ethics. COURSE GOALS: Students of Financial Accounting will; 1. Understand the accounting cycle and how the financial information of a company is identified, recorded and reported. 2. Analyze financial transactions and prepare journal entries. 3. Prepare an Income Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. 4. Understand the accounting formula and the application of Generally Accepted Accounting Standards (GAAP) REQUIRED TEXT AND MATERIALS: You have two options: 1. Purchase the bundled textbook at the Miramar bookstore. This will include the MyAccountingLab program that is required with this course. Miramar Bookstore prices have been negotiated to give you the best price on this textbook. Author: Harrison, Horngren, Thomas Title: Financial Accounting Publisher: Pearson Edition: 9th Edition Reg. ISBN: 9780132751216 2. Purchase the E-book option online which includes the MyAccountingLab program. (Please note: if you purchase the E-book option, you will NOT receive a hard-bound textbook). You can follow the instructions provided in the syllabus to purchase and register this program. If you purchase a textbook elsewhere which does not include the MyAccountingLab program, you will need to purchase this access online. You can follow the instructions provided in the syllabus purchase and register this program. 1
BLACKBOARD: This class uses Blackboard Learn 9.1, and can be accessed at http://blackboard.sdccd.edu/ You will have access to weekly lessons that include power points, discussion questions, homework link, quizzes and tests. You can also access your grades. You are required to check in each week for assignments. TESTING: EXAMS: There are 3 midterm exams at 100 points each (300 points) as well as a comprehensive final (150 points). Midterm exams only cover specific chapters, but are cumulative, focusing on the financial statements. All exams are on-line in Blackboard Learn 9.1 and include multiple choice and essays/problems. The results will be released after all students have taken the exam and all exams are graded. You can take one make-up for exam if you miss an exam or want to improve your score. This will be offered during the final weeks of the course (more details to be provided). Please note that the makeup exam will be cumulative. You must take all 4 exams to pass the class. WEEKLY ON-LINE HOMEWORK: Each week students will have several online assignments. They cover 12 chapters at 10 points each (120 points). All homework is done in myaccountinglab.com. Please note the schedule for due dates. Late homework will not be accepted. These must be completed weekly. There will be one make-up homework assignment offered towards the end of this course (more details to be provided). Please note that the makeup homework assignment will be cumulative. DISCUSSION QUESTIONS: There is a discussion board set up for each chapter assignment. There are 12 chapters at 10 points each (120) plus an online introduction worth 10 points for a total of 130. These must be completed by the due dates. They must be in your own words to get full credit (see Discussion Board Rubric on last page of Syllabus for further information on grading). There will be one make-up discussion board assignment offered towards the end of this course (more details to be provided). WRITING ASSIGNMENT: You will have one writing assignment worth 100 points. More details on this assignment will be provided on Blackboard, but this essay will be related to Internal Controls and Chapter 4. Please Note: Chapter 4 is not otherwise covered in this course, but will be covered partially through this writing assignment. PROJECT: You will have a project assignment to be assigned at a later date. GRADING: The following scale will be used as the basis to determine each student s letter grades: Your final grade is based on your percentage of total points: A = 90% to 100% B = 80% to 89%, C = 70% to 79%, D = 60% to 69%, F = 59% and below. POINTS: The total points include Discussion Questions 13 @ 10 points each = 130 12 Homework assignments x 10 points = 120 3 Exams @ 100 points = 300 Written = 100 Project (Group) = 100 Final @ 150 points = 150 Total Points = 900 ATTENDANCE: You must access the on-line class weekly students who do not will miss assignment deadlines. On-line weekly check is mandatory at a community college. 1. It is the student s responsibility to add the class if he or she so chooses. It is not the responsibility of the instructor! 2
2. It is the student s responsibility to drop all classes in which he/she is no longer attending. It is not the responsibility of the instructor! 3. It is the instructor s discretion to withdraw a student due to excessive absences (including missed assignments and exams). 4. Students who remain enrolled in the class beyond the published withdrawal deadline, as stated in the class schedule, will receive an evaluative letter grade in this class. TIPS FOR SUCCESS PLEASE NOTE: This is NOT a self-paced course. Each of the assignments has a specific due date. Late assignments will not be accepted. If you experience a technical difficulty, please contact the student help desk. Technical difficulties are not an excuse for a late assignment. Allow yourself plenty of time for any problems that you may encounter. This online course provides you, the student, with a unique opportunity to self-direct your learning. Together with your fellow students, we will establish a learning community. We will work together to assure a mutually conducive learning atmosphere. Students are expected to complete the assigned materials by the due dates. Students are expected to post meaningful posts to the discussion board (see more details online in Blackboard). With the proper attitude and enough effort devoted to the coursework, all students enrolled have the opportunity to complete this course with the desired learning outcomes. Online learning is not for everyone however. Although it is difficult to predict individual student performance, students who do well in this course generally do the following: Read all of the chapter materials in a timely manner, do all the homework, participate in discussion boards and take exams in a timely manner. Administration s: 01/28/13 Semester begins 02/08/13 Last day for add codes/no W 02/08/13 - Last day to receive refund 03/25-03/30 - Spring Break 04/12/13 Last day to withdraw and receive a W 05/23/13 Final INCOMPLETE GRADE: The granting of an incomplete grade for the course is done only under special circumstances at the professor s discretion. It will not be used as a substitute for failing work, or to complete work missed from extended absences from class throughout the semester. Please understand its purpose and only request consideration if appropriate. CHEATING: It is expected that in all manners related to this course you will act in ethical and professional manner. Unethical behavior consists of giving or receiving help on individual or non-group assignments, representing someone else s work as your own, copying or giving answers to exams or quizzes, or giving or receiving information about exams and quizzes to other students. If a student is caught cheating on an exam or quiz, he/she will receive a zero and may not take a make-up. STUDENTS WITH DISABILITIES : If you are a student with special needs you must notify the professor within the first two weeks of class. DSPS provides a variety of academic accommodations and support services to students with documented disabilities. They can be contacted at 858-536-7212. TUTORING: Accounting can be very challenging for students. The PLACe provides excellent tutoring services for students who need help. The best thing to do is make an appointment in advance by calling 619-388-7852. 3
COURSE FORMAT: Note that the attached assignments and exam schedule is subject to change. These changes will be announced in Blackboard early enough for you to meet the deadline. You are responsible for checking each week so that you are aware of the changes. CONFLICT RESOLUTION: If you feel you have valid grounds to challenge a grade, you must first attempt to resolve the problem with me, your instructor. If the grade challenge cannot be resolved, you must file a petition for grade challenge with the Dean if Business, Math, & Science who will work with the Department Chair to help resolve the issue. If resolution does not occur, your next step is to file an appeal with the Vice President of Instruction. The grade challenge procedure may be found in the college catalogue. 4
MyLab / Mastering Student Registration Instructions To register for Acct116a CRN66239 Spring 2013: 1. Go to pearsonmylabandmastering.com. 2. Under Register, click Student. 3. Enter your instructor s course ID: loedel80407, and click Continue. 4. Sign in with an existing Pearson account or create an account: If you have used a Pearson website (for example, MyITLab, Mastering, MyMathLab, or MyPsychLab), enter your Pearson username and password. Click Sign In. If you do not have a Pearson account, click Create. Write down your new Pearson username and password to help you remember them. 5. Select an option to access your instructor s online course: Use the access code that came with your textbook or that you purchased separately from the bookstore. Buy access using a credit card or PayPal. If available, get 17 days of temporary access. (Look for a link near the bottom of the page.) 6. Click Go To Your Course on the Confirmation page. Under MyLab / Mastering New Design on the left, click Acct116a CRN66239 Spring 2013 to start your work. Retaking or continuing a course? If you are retaking this course or enrolling in another course with the same book, be sure to use your existing Pearson username and password. You will not need to pay again. To sign in later: 1. Go to pearsonmylabandmastering.com. 2. Click Sign In. 3. Enter your Pearson account username and password. Click Sign In. 4. Under MyLab / Mastering New Design on the left, click Acct116a CRN66239 Spring 2013 to start your work. Additional Information See Students > Get Started on the website for detailed instructions on registering with an access code, credit card, PayPal, or temporary access. 5
IMPORTANT NOTICE: This syllabus is subject to change at any time at the discretion of the instructor; notice will be given to the students through an announcement on the class Blackboard site. Email to Instructor 1/28 Chapter 5 Initial post to 3/5 Into to Class 2/5 Chapter 1 Initial post to 2/5 Chapter 5 Homework 3/7 All replies to 3/7 Chapter 1 Homework 2/7 All replies to 2/7 Chapter 6 Initial post to 3/12 Chapter 2 Initial post to 2/12 Chapter 6 Homework 3/14 All replies to 3/14 Chapter 2 Homework 2/14 All replies to 2/14 Chapter 7 Initial post to 3/19 Chapter 3 Initial post to 2/19 Chapter 7 Homework 3/21 All replies to 3/21 Chapter 3 Homework 2/21 All replies to 2/21 Exam 2 4/2 Paper 4/4 Exam 1 2/26 Chapter 8 Initial post to 4/9 Chapter 11 Initial post to 5/7 Chapter 8 Homework 4/11 Chapter 11 Homework 5/9 All replies to 4/11 All replies to 5/9 Chapter 9 Initial post to 4/16 Makeup Work (homework and DB) 5/12 Makeup Exam 5/12 Chapter 9 Homework 4/18 Chapter 12 Initial post to 5/14 All replies to 4/18 Chapter 12 Homework 5/16 Chapter 10 Initial post to 4/23 All replies to 5/16 Chapter 10 Homework 4/25 Chapter 13 Initial post to 5/14 All replies to 4/25 Chapter 13 Homework 5/16 Exam 3 4/30 All replies to 5/16 Project 5/19 Final Exam 5/23 6
DISCUSSION BOARD GRADING RUBRIC CRITERIA Full Points Most Points Partial Points No Points Timeliness and Frequency of Posts Student posts within the deadline. Student does not post within the section deadline. Relevancy and Completeness Student's initial post thoroughly addresses all aspects of the question(s), and responses to other students directly address their initial postings with augmentation, correction, challenges, and insightful questions. Student's initial post addresses most aspects of the question(s), and responses to other students address their initial postings. Student's initial post addresses some aspects or questions, but is incomplete or offtopic, and responses to other students are mostly unsupported agreement, disagreement, or encouragement. Student's initial post is off-topic and doesn't address questions, and responses are "me toos" or discouragement. Knowledge of Class Materials show thorough knowledge of the section's textbook reading and websites, including relevant quotations and other references. show general knowledge of readings and websites. show vague knowledge of topic. show no knowledge of topic or convey serious misunderstandings about the topic that should have been corrected by doing the reading. Contribution to Learning Community support the creation of knowledge by going beyond what was in the readings to add insights taken from personal experience, other classes, outside readings, and research. Student's responses to other students support their pursuit of greater knowledge, and are respectful, helpful and encouraging, even when providing correction or raising objections. ask and answer insightful questions and add to the course knowledge base through information taken from personal experience and understanding of the class readings. Student responses to students are polite. answer questions and do not intentionally insult classmates or their opinions deliberately show disrespect for other class members. 7