COURSE SYLLABUS
ACCOUNTING 2101 -- PRINCIPLES OF FINANCIAL ACCOUNTING
3 Semester Hours, Fall 2008
I.
Instructor:
Office Hours:
II.
Bob Showers, Dockery 400 N; Phone 543-4946
E-Mail: showers@ucmo.edu
8:00-9:30 TR
11:00-12:00 MW
or By Appointment
Description of the Course:
Fundamental principles of financial accounting. The preparation and use of financial accounting
records and statements for business organizations. There are no prerequisites for Accounting
2101. However, students enrolled in 2101 must have at least sophomore status.
III.
Required Text and Supplementary Materials:
Required Text: Financial Accounting: Tools for Business Decision Making (4th Edition),
Kimmel/Weygandt/Kieso, Wiley. Copyright 2007.
Optional:
Student Workbook Includes study objectives, demonstration problems, true/false
and multiple choice questions, solutions to exercises, chapter outlines, and blank
working papers.
Working Papers: This supplement can help you with formatting your homework.
Website for textbook: http://www.wiley.com/college/kimmel
Consider registering at the textbook’s website for access to online study
materials such as self-tests, problem check figures, and powerpoint
slides.
IV.
AACSB International Perspectives
The business programs in the Harmon College of Business Administration (HCBA) are accredited
by AACSB International. AACSB International was formed in 1916 and sets standards for
undergraduate and graduate education for business administration and accounting. Institutions
that earn accreditation confirm their commitment to quality continuous improvement through a
rigorous and comprehensive peer review. AACSB International requires business programs to
provide perspectives in ethical and global issues. In addition, the influence of political, social, legal
and regulatory, environmental and technological issues are to be considered. Finally the impact of
demographic diversity on organizations is to be examined. The AACSB International perspectives
covered in this course are:
Ethics – The AICPA Code of Professional Conduct and Bylaws is discussed in Chapter 1.
Regulatory – The entire course deals with the accounting regulations and its environment.
Legal – Forms of business organization are discussed in Chapter 1 and 11.
V.
Course Specific Outcomes:
Outcomes:
1.
To acquaint the student with the accounting profession and to provide students with a
strong foundation for subsequent course work and careers in accounting, finance, and other
business disciplines.
2.
To introduce students to the framework of financial accounting theory and practice; provide
students with a basic introduction to the function of a financial accounting system and
accounting terminology.
To develop the student's ability to analyze, process, and communicate accounting data
through the end result of preparing financial statements in an acceptable format.
3.
4.
To develop in each student an appreciation for the usefulness and limitations of properly
prepared financial statements for both internal and external uses.
5.
To acquaint students with various business transactions and to analyze the impact that
these transactions have on the financial statements.
Developmental Tools:
1.
Reading of the textbook
2.
Working through assigned problems and exercises
3.
Listening to the lecture
4.
Participating in class discussion
Assessment:
1.
In-class examinations
2.
Graded homework assignments
3.
Analysis of classroom participation
4.
Comprehensive examination
5.
Graded project
VI.
Accounting Student Outcomes:
The following student outcomes (specifically for the accounting major, but appropriate for
everyone) will be addressed and assessed in Acct 2101:
Outcome:
Locate, obtain and organize information.
Developmental Tool:
The theme of the course centers on the gathering, sorting, analyzing
and reporting economic information. Consequently, the majority of the
student=s time and efforts will involve developing knowledge in this area. All
of the tools described above will be used for this outcome.
Assessment:
The students will receive feedback throughout the course relative to their
progress in reaching this outcome (see assessment for course outcomes). The
financial statement project will specifically assess knowledge in this area.
Outcome:
Identify with the profession.
Developmental Tool:
Chapter 1 material includes coverage of the accounting profession
(CPA & CMA). Lecture, class discussion and assignments will be used for
development.
Assessment:
Covered on the first examination.
Outcome:
Understand ethics of the profession (AICPA).
Developmental Tool:
Lecture, class discussion and assignments will be used. Special
“Broadening Your Perspective (BYP) ethics problems are included at the end
of every chapter.
Assessment:
Covered on the first examination.
Outcome:
Make value based judgments as professional accountants.
Developmental Tool:
Several situations in which an accountant would be required to make
an ethical decision will be presented in the context of certain material during
the course.
Assessment:
Several cases will be assigned as homework and discussed in class. The
student will self assess their ability to make a proper decision as a
professional accountant.
VII.
Course Requirements and Expectations:
1.
Teaching Methods: Lecture, problem illustrations, and some class questions and
discussion, including use of overhead projector, chalk board, and
computer.
2.
Other Information and Requirements:
A.
Students are responsible for:
(1)
(2)
(3)
Reading each chapter assigned.
Understanding and becoming proficient at working problems reviewed in
class and assigned as homework.
Completing and turning in homework the day it is due. Late assignments will
not be accepted.
B.
Students are expected to attend class on a regular basis and are encouraged to ask
questions as necessary and participate in class discussion as appropriate. No direct
penalty is assessed for nonattendance, however, students not attending are
responsible for missed material.
C.
Business professionals and Harmon College of Business Administration students are
expected to maintain high ethical standards. Cheating or attempted cheating is a
shortcut to failure in either the classroom or the business environment. (See the
University policy on student conduct including honesty in the CMSU Student
Planner/Handbook pp. 124-128).
D.
(1)
Point Values:
Examination I
Examination II
Examination III
Examination IV
Collected Homework
Project
Comprehensive Final
Total
(2)
Points
100
100
100
75
60
50
30
515
Grades will be awarded based on the total points earned by a student.
Requirements to attain a particular grade will be as follows:
90-100% = A
80- 89% = B
70- 79% = C
60- 69% = D
0- 59% = F
(550 - 495 points)
(494 - 440 points)
(439 - 385 points)
(384 - 330 points)
(329 - 0 points)
F.
Two types of homework will be assigned.
(1)
Daily assignments that will be reviewed in class. These are designed to
illustrate lecture topics. These will be not be collect but will be excellent
study tools.
(2)
Comprehensive chapter problems that are assigned will be used to highlight
important topics and provide review. These assignments will be collected and
graded based on completion, presentation and accuracy. Each chapter will
have one such assignment for a total of 12. Each assignment will be worth six
(6) points. The two lowest scores will be dropped for a total of 60 points.
Late assignments will not be accepted.
G.
Prerequisites: Sophomore standing.
H.
Financial Statement Project: Details will be given at a later date.
NO EXTRA CREDIT IS AVAILABLE