ACG 2021 Principles of Accounting Fall 2010 Syllabus Lecture Class Section 001 T 11:00AM 12:20PM BU 120 Times: Section 002 T 05:30PM 06:50PM BU 120 Lab Class Sec Time Room Day Times: 003 2:00-3:20 ED 120 R 005 11:00-12:20 ED 120 R 006 9:30-10:50 FA 105 F 007 11:00-12:20 FA 105 F 008 11:00-12:20 ED 125 R 009 4:00-5:20 DP 101 R 010 11:00-12:20 BU 207 R 011 5:30-6:50 DP 101 R 012 5:30-6:50 PS 109 R 013 5:30-6:50 SC 179 R 016 5:30-6:50 BU 410 R 017 5:30-6:50 FL 423 R 018 7:10-8:30 ED 120 R 019 8:00-9:20 BU 307 R 021 12:30-1:50 BU 104 R 023 12:30-1:50 BU 307 R Prerequisite: Sophomore standing or higher Instructor: Mrs. Theresa Thompson, MBA, CPA Teaching Assistants: Becky Britton, Daniel Demosthenes, Balmatie Hargobin, Scarlet Lin, Paul Mayorga, Maryam Omidi, Andrea Reino, Tanita Tilakhdin Office: 111 Barry Kaye Hall Phones: (561) 297-3659 and (561) 297-3644 Email: ACG2021@fau.edu Office Hours: Monday: 2:00pm 5:00pm Tuesday: 12:30pm 3:30pm, 2:00pm 5:00pm Wednesday: 5:00pm-8:00pm Thursday: 9:15am 12:15pm, 12:30pm 3:30pm AND BY APPOINTMENT No office hours will be held on school holidays or after final exams begin.
Websites: http://blackboard.fau.edu Textbook webpage: www.mhhe.com/williams_basis15e Connect (Online Quizzes): Section 1 http://connect.mcgraw-hill.com/class/t_thompson_fall_2010_sec_001_11am Section 2 http://connect.mcgrawhill.com/class/t_thompson_fall_2010_sec_002_530pm_1 Supplemental Instruction: SI Sessions: Tues: 1pm, 2pm, 4pm, 7pm Thurs: 2pm, 4pm Office: IS 214 Office Hours: M: 11:30-12:30pm; 12:30-2:00; T: 12:30-1:30pm; W: 11-12pm; R: 1-2pm Course Description and Objectives Accounting has been appropriately described as the language of business. Consequently, the ability to speak and understand this language is a fundamental competency for practitioners of business. A central aspect of accounting is the composition of financial statements that depict the underlying economic reality of the firm or entity being described. This course is intended to introduce fundamental elements that are used to compose these financial reports. Specifically, course content will include an examination and study of the balance sheet, income statement and statement of cash flows from both a conceptual and pragmatic perspective. How these statements are both composed and relate to one another will be a central topic. WARNING!!!! Accounting is more than just putting the numbers in the boxes. The study of accounting at the college level is typically rigorous and requires a significant level of dedication. Students who expect to succeed, should, therefore, be prepared to invest the appropriate amount of time and effort. The course provides a variety of resources to students. The instructor and the teaching assistants work as a team and are available to assist you in your study of accounting. The teaching assistants are your first point of contact. The teaching assistants are available during lab, office hours, by email at acg2021@fau.edu, or by phone at (561) 297-3659 and (561) 297-3644. The instructor is also available to assist you during and immediately after lecture and by appointment. 2
In addition to the instructor and teaching assistants, you have access to Supplemental Instruction Sessions, textbook webpage, online tests, and electronic blackboard (includes lecture notes and homework solutions). Textbooks and Course Materials Required: Financial & Managerial Accounting, 15th ed., Williams, Haka, Bettner & Carcello, McGraw-Hill Irwin (including Connect access code). Connect is an integral part of this course. Your Responsibility I expect you to bring the following to every class: Preparation You are responsible for preparing diligently for each class by reading the applicable portions of the textbook and completing the relevant Connect Online Quizzes prior to each lecture. Prior to each lab period, you are responsible for completing the homework assignments as indicated in the tentative course schedule. You do not have to be correct, but you should attempt every homework exercise / problem to the best of your ability. Attitude You are responsible for bring a positive learning attitude to each class. A positive attitude helps create a vibrant learning environment. To facilitate this vibrant learning environment, the following classroom rules will be enforced: o Use of electronic devices (i.e. cell phone, pda, laptop, ipod, etc) is not permitted. The only exception is that students may use laptops for taking notes. However, laptops should not be used during class for visiting social networking sites, surfing the internet, chatting or any other purpose. o Talking with classmates is not permitted. If you have a question, please direct it to the instructor and not your classmates. o Sleeping during class is not permitted. o Other disruptive behaviors, including arriving late or departing class early, are not permitted. Violation of classroom rules will result in loss of participation points and possible referral to the Dean of Students for disciplinary action. 3
Grading and Learning Activities The following tables summarize each component of your grade for this course. There are two options. Grades will be posted on blackboard under Option I. However, the course grade will be awarded based on the option yielding the highest total points. Grading Option I Component Points Interim Exam1 (9/14) Interim Exam 2 (10/12) Interim Exam 3 (11/9) 100 300 100 Comprehensive Final Exam (12/2 5:30, 12/7-11:00) 200 Connect Online Quizzes 100 Lecture Participation 100 Lab Participation 100 Total 1000 Grading Option II Component Points Interim Exam1 (9/14) Interim Exam 2 (10/12) Interim Exam 3 (11/9) 200 300 200 Comprehensive Final Exam (12/2 5:30, 12/7-11:00) 300 Total 1000 Students may view their total points to-date by using Blackboard and Connect. Letter grades are only relevant to final point totals and will be assigned based on the following distribution of the percentages of total possible points. Percentage Letter Range Grade 900 Your Points A 880 Your Points < 900 A- 850 Your Points < 880 B+ 830 Your Points < 850 B 800 Your Points < 830 B- 780 Your Points < 800 C+ 730 Your Points < 780 C 700 Your Points < 730 C- 600 Your Points < 700 D Your Points < 600 F Interim exams. Exam questions focus on accounting concepts illustrated through classroom discussions, assignments, and homework exercises. The exams are designed to evaluate your understanding of these concepts and extend your thinking through analysis and applications of 4
these concepts in new or unique situations. The exams will consist of multiple choice questions. Calculators are not allowed during exams. Comprehensive Final Exam. The final exam is comprehensive and may include all topics covered throughout the course. The final exam is not optional and includes fifty multiple choice. Calculators are not allowed during exams. Connect Online Quizzes Students have an opportunity to take a prequiz and postquiz for each chapter. The highest ten grades on the online quizzes will be included in the course grade. Each online quiz consists of ten questions and thirty minutes are permitted for each online quiz. The questions in the prequiz are true/false and are designed to test the basic concepts in the chapter. The prequizzes are due before the chapter is covered in lecture. The questions in the postquiz are multiple choice and are representative of the types of questions that will be on the exams. The postquizzes are due after the topic is covered in lecture. Specific due dates for all online quizzes are posted online. The highest ten grades of a possible twenty online quizzes are included in your course grade. Accordingly, no accommodations for technical difficulties or quizzes submitted late will be provided. After the online quiz is due, a copy of the online quiz will be available. The copy of the online quiz is set up as practice and may be accessed an unlimited number of times. Performance on the online practice quizzes does not affect the course grade. The purpose of the copy of the online quiz is to give you an opportunity to revisit the material and study for exams. The online quizzes can be accessed at the following web address. Make sure to register for Connect using the correct web addresses according to your registered section. Section 1 http://connect.mcgraw-hill.com/class/t_thompson_fall_2010_sec_001_11am Section 2 http://connect.mcgraw-hill.com/class/t_thompson_fall_2010_sec_002_530pm_1 Lecture Participation. To earn lecture participation points, the student must submit a completed Class Conduct document and photocopy of student id during the first exam period. A maximum of one-hundred points may be earned for lecture participation. Lecture participation will be assessed by five random in class quizzes throughout the semester. A student will earn twenty-five points for each in class quiz for up to a maximum of one-hundred points for lecture participation. The instructor reserves the right to grade the in class quizzes. However, each violation of student Classroom Guidelines will result in a twenty-five point reduction in lecture participation points. Students violating Classroom Guidelines more than three times will be referred to the Dean of Students for disciplinary action. Lab Participation. Lab participation will be assessed each lab meeting. This assessment could range from attendance through a quiz administered during the lab meeting. Each assessment is worth ten points and your highest ten assessment grades will be included in your Lab Participation 5
course grade calculation. However, each violation of student Classroom Guidelines will result in a twenty-five point reduction in lab participation points. Students violating Classroom Guidelines more than three times will be referred to the Dean of Students for disciplinary action. Readings. You must read the assigned material in the textbook at least once before class meets. Homework. Homework that is assigned may be reviewed in class. The homework focuses on the basic concepts or involves analysis of accounting situations. Homework is designed to help you master the technical material and to provide you with an instant and painless feedback mechanism with respect to your grasp of the technical material. There are a number of end-of-chapter exercises that are designed to satisfy this function. Students are reminded that their preparation and completion of homework assignments directly affects their ability to participate in class discussions and perform on exams. If you have questions about the problems, feel free to ask the instructor or a teaching assistant about them. Course Policies Cell Phones. Cell phones should be turned off and put away during class. Texting during class is not permitted. Identification. Identification during exams is required. Honor Code. The Florida Atlantic University Honor Code governs all student activities throughout this course. A fundamental principle of academic, business, and community life is honesty. Violation of this ethical concept shall result in penalties ranging from a grade of F in the course to dismissal from the University. In all penalties, a letter of fact shall be included in the student s file. The honor code is available in the catalog. Professional Conduct. To foster a more professional learning environment, and to develop habits that lead to success in the business world, all participants must engage in professional behavior, including: 1. Taking responsibility for individual actions. 2. Attending each class session, including arriving promptly and leaving at the designated time. 3. Being attentive and an active participant in group activities and class discussions. 4. Respecting diversity in the classroom and treating everyone involved in the class in a civil manner. 5. Planning outside activities to avoid conflicts with the activities outlined in the syllabus. 6. Meeting all deadlines in the course for assignments, projects, etc. 7. Acknowledging the importance of clarity of expression in written and oral communication. ADA. Students may seek accommodations in accordance with the Americans with Disabilities Act of 1990. Students with disabilities needing academic accommodations should review the University s ADA Policy and work the Office for Students with Disabilities (OSD). Students who require special accommodation due to a disability to properly execute coursework must register with the OSD and follow all OSD procedures. Turnitin. Written components of any assignment or project may be submitted to Turnitin to evaluate the originality of the work. Any students found to be submitting work that is not their own will be deemed in violation of the University s honor code discussed above. 6
Missing Exams. Make-up exams will not be given for any reason. If you have a valid reason for missing an exam, (medical emergency, family emergency, university-scheduled events, religious observation, or class conflicts) the remaining exam(s) will be re-weighted accordingly. If you do not have a valid reason for missing an exam, a zero grade may be assigned. Withdrawals. Students are responsible for withdrawing from the class. Deadlines for withdrawal can be found on the academic calendar on the university web page. Incompletes. There are no incompletes for this course except in the case of extraordinary circumstances (for example, excessive absences due to severe illness). The instructor determines when an incomplete is appropriate. In no case can an incomplete be given unless the student is passing the course with a C or better at the time the incomplete is requested. Points Awarded. It is the responsibility of the student to monitor the points awarded. During the semester, the student has up to two weeks following the posting of any points to contest the number of points, after which the points are considered final. Electronic Communication. Blackboard and FAU email will be used in this course for content delivery, homework, and other communications. Accordingly, it is the student s responsibility to check the Blackboard course site and FAU email account for announcements, etc. Students are responsible for ensuring that the correct email address is used for blackboard. Religious Holidays. It is the responsibility of the student to promptly notify the instructor of any conflicts due to religious observance so that accommodations can be arranged. Pictures. Photographs of each student may be taken / used in connection with the course. Hurricanes. In the event of a hurricane warning or watch, the class will meet in accordance with the university policy. Classes cannot be individually cancelled by the instructor, although assignments and exams may be modified or postponed in the event of a hurricane. Students should monitor Blackboard announcements regarding any weather-related course issues. School of Accounting Policies. You are responsible for School of Accounting policies at http://www.business.fau.edu/index.php?src=gendocs&ref=uniformpolicies&category=accounting &submenu=departments_accounting. These policies are considered to be an integral part of this syllabus. 7
Tentative Schedule Week (Mon Sun) 1 Week of: 8/23-8/29 Lecture: 8/24 Lab: 8/26 TEXT READING Review Syllabus & Chapter 1 TOPIC Accounting: Information for Decision Making ASSIGNED EXERCISES Read Chapter 1 ST 1-10 BE 1.1, 1.3, 1.4 E 1.7, 1.9, 1.13, 1.14 CONNECT QUIZZES DUE 8/29 prequiz 1 8/29 postquiz 1 2 Week of: 8/30-9/5 Lecture:8/31 Lab: 9/2 Chapter 2 Basic Financial Statements Read Chapter 2 ST 1-8 BE 2.1, 2.2, 2.3, 2.4, 2.5, 2.6, 2.7, 2.10 E 2.3, 2.5, 2.6, 2.7, 2.10 P 2.1A, 2.3A, 2.6A 8/30 prequiz 2 9/5 postquiz 2 3 Week of: 9/6-9/12 Lecture: 9/7 Lab: 9/9 Chapter 3 The Accounting Cycle: Capturing Economic Events Read Chapter 3 ST 1-5, 7-8 BE 3.2, 3.3, 3.7, 3.8 E 3.3, 3.7, 3.10, 3.11 P 3.1A, 3.6A 9/6 prequiz 3 9/12 postquiz 3 4 Week of: 9/13-9/19 Lecture: 9/14 Lab: 9/16 Exam 1:100 Points (10% of Course Grade) Syllabus & Ch. 1-3 Lab: Review exam 1 5 Week of: 9/20-9/26 Lecture: 9/21 Lab: 9/23 Chapter 4 The Accounting Cycle: Accruals and Deferrals Read Chapter 4 ST 1-3, 5 BE 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7, 4.8, 4.9, 4.10 E 4.2, 4.3, 4.6, 4.13 P 4.1A, 4.4A 9/20 prequiz 4 9/26 postquiz 4 6 Week of: 9/27-10/3 Lecture: 9/28 Lab: 9/30 Chapter 5 & Chapter 13 (pages 570-573) The Accounting Cycle: Reporting Financial Results Statement of Cash Flows Read Chapter 5 ST 1-8 BE 5.1, 5.2, 5.4, 5.5 E 5.2, 5.4, 5.9 P 5.2A, 5.3A Read Chapter 13 (pages 570-573) ST 1-5 BE 13.5, 13.6, 13.8 E 13.11, 13.12 9/27 prequiz 5, prequiz 13 10/3 postquiz 5, postquiz 13 8
Week (Mon Sun) TEXT READING TOPIC ASSIGNED EXERCISES CONNECT QUIZZES DUE 7 Week of: 10/4-10/10 Catch Up & Review Lecture: 10/5 Lab: 10/7 8 Week of: 10/11-10/17 Lecture: 10/12 Lab: 10/14 Exam 2 300 Points (30% of Course Grade) Chapters 1 5 & 13 (pages 570 573) Lab: Review Exam 2 10/15 LAST DAY TO DROP WITHOUT RECEIVING AN F 9 Week of: 10/18-10/24 Lecture: 10/19 Lab: 10/21 Chapter 6 Merchandising Activities Read Chapter 6 ST 2-6 BE 6.1, 6.3, 6.4, 6.5, 6.6 E 6.3, 6.8 P 6.5A, 6.8A 10/18 prequiz 6 10/24 postquiz 6 10 Week of: 10/25 10/31 Lecture: 10/26 Lab: 10/28 11 Week of: 11/1 11/7 Lecture: 11/2 Lab: 11/4 12 Week of: 11/8-11/14 Lecture: 11/9 Lab: 11/11 Chapter 7 Financial Assets Read Chapter 7 ST 1-2, 6-8, 10-11 BE 7.4, 7.5 E 7.8, 7.13(a, c) P 7.3A Catch Up & Review Exam 3 100 Points (10% of Course Grade) Chapters 6-7 10/25 prequiz 7 10/31 postquiz 7 Lab: Review Exam 3 9
Week (Mon Sun) 13 Week of: 11/15 11/21 Lecture: 11/16 Lab: 11/18 TEXT READING Chapter 9 TOPIC Plant and Intangible Assets ASSIGNED EXERCISES Read Chapter 9 ST 1-5 BE 9.1, 9.2, 9.6 E 9.1, 9.2 P 9.1A, 9.4A CONNECT QUIZZES DUE 11/15 prequiz 9 11/21 postquiz 9 14 Week of: 11/22 11/28 Lecture: 11/23 Lab: 11/25 Chapter 10 Liabilities Read Chapter 10 ST 2, 4, 8-9 BE 10.1 E 10.2, 10.3 P 10.1A, 10.5A 11/22 prequiz 10 11/29 postquiz 10 15 11/29-12/1 Lecture: 11/30 Catch Up & Review No Lab Sessions Held 15 & 16 12/2-12/7 FINALS!!!! 12/2: 5:30 Lecture 12/7: 11:00 Lecture Comprehensive Final Exam 200 Points (20% of Course Grade) Chapters 1-7, 9-10, 13 5:30PM Lecture: 12/2 (Thursday) 4:00-6:30PM 11:00AM Lecture: 12/7 (Tuesday) 10:30-1:00PM ST = Self-Test Question; BE = Brief Exercise; E = Exercise; P = Problem; 10