The Ohio State University
Max M. Fisher College of Business
Accounting 2200: Introduction to Accounting I
Course Syllabus - Summer Semester, 2013
Welcome to Accounting 2200: Accounting 2200 is the first course in accounting that is required of all
students in the Fisher College of Business. Accounting 2200 is also a great introduction to the world of
business. In fact, accounting is sometimes referred to as the language of business. That’s because the very
purpose of accounting is to provide meaningful financial information to individuals and institutions that have
an interest in business, whether they be investors, creditors or managers. Most Americans today invest in
business through the stock market. Intelligent investors seek out financial information on companies to make
more informed investment decisions. It is a company’s accounting system that creates and provides the
information used by investors. Business managers likewise need information produced through accounting in
making the day-to-day operational decisions that improve a company’s performance and profitability. This
class will be an important class for anyone who is interested in someday participating in or investing in a
business. Welcome to the world of business!
Accounting 2200 Structure: This course is divided into the following two parts:
●
Lab sections that meet once a week every Tuesday
●
Coursework completed online through carmen with review recitations scheduled every
Monday
The online coursework is intended to provide students with an understanding of basic financial statements-their nature, purpose and use by business decision makers. Students will also learn the language of
accounting, important concepts on which financial reporting is based, and the function of accounting as an
information system. The requirements related to the online coursework (three exams and weekly quizzes)
will comprise 60% of your final grade in this course.
The weekly lab sessions are intended to give students the opportunity to apply business and accounting skills
to real-world applications through the use of case work. During the quarter, students will work in groups to
analyze in depth two cases requiring both business and accounting decisions to be made. The requirements
related to the weekly lab sessions will comprise 40% of your final grade in this course.
Accounting 2200 Policies: The information included in the following four files are an integral part of
this course syllabus and should be read in their entirety:
●
●
Welcome 2200
Course Policies
●
●
Course Description
OSU Marks and Hours Rules
These files are available on the carmen course website (click on ‘content’ on the top navigation bar and
then scroll down to the header labeled ‘2200 policies’).
I.
Lab Sections (meet once a week on Tuesday)
Instructor:
Name
Office/Phone
Office Hours
Teri Ziegler
630 Fisher Hall 614-292-5316
Tuesdays 1:30-3:00
No office hours held the first or finals weeks
Course E-mail
Lab Tutor Hours
amis2200@fisher.osu.edu
Schedule posted in Carmen
Objectives. The purpose of the lab sections is to enhance the learning of the accounting content delivered
via the online version of the course. The main objectives of these small group sessions are to enable students
to understand the role played by accounting information in making key business decisions and facilitate the
development of students’ communication and interpersonal skills.
Summer 2013 Lab Schedule (subject to change):
Date(s)
Topics
In class activity/assignment
May 7, 14
Planning a Business
Phase 1 Case group work
Mon May 20
Phase 1 Case Due (11:59 PM)
May 21
Class Demo
Business Writing and Formatting Demonstration
May 21, 28,
Jun 4
Cost Behavior
Break Even Analysis
Flexible Cash Budget
Phase 2 Case group work
Mon Jun 10
Jun 11, 18, 25
Phase 2 Case Due (11:59 PM)
Journal Entries
Balance Sheet
Mon Jul 1
Jul 2, 9
Phase 3 Case Due (11:59 PM)
Income Statement
Statement of Cash Flows
Mon Jul 15
Jul 16, 23
Wed Jul 24
Phase 3 Case group work
Phase 4 Case group work
Phase 4 Case Due (11:59 PM)
Financial Statement
Analysis
Ratios Case group work
Ratios Case Due (11:59 PM)
II.
Online Course Materials (recitation every Monday)
Course Coordinator:
Instructor
Office
Phone
E-mail
Office Hours
Marc H. Smith
348 Fisher Hall
292-8753
osuaccounting@yahoo.com
Monday 3:00 – 4:00 pm; Thursday 2:30 – 3:30 pm and by appointment
Course Materials:
1. Kimmel, Weygandt, Kieso, Accounting Tools for Business Decision Making, Fourth Edition,
John Wiley & Sons Publishing Company, 2011
2. Non-programmable calculator to be used at exams (Required)
Keys to Success in Accounting 2200: Accounting 2200 is not a class that requires proficiency in
higher math. Although accounting and business finance are numbers oriented, the math involved is basic.
What is important in a study of accounting and business is the ability to organize and analyze information.
Business language and terms are carefully defined and business communication requires the precise and
proper use of those terms. An ability to read and communicate with clarity is critical to success in this class.
Because this class is being taken with relatively few classroom lectures and homework is not turned in for
credit, a higher level of self-discipline is required in order to successfully complete this course. You cannot
afford to get behind. It is strongly recommended that you set up a personal study schedule that specifically
earmarks time when you will regularly work on the material for this course. If you do not stay up with the
course schedule provided in this syllabus you will not successfully complete this course.
Disability Services: The Office of Disability Services verifies students with specific disabilities and
develops strategies to meet the needs of these students. Students requiring accommodations based on
identified disabilities should contact the instructor at the beginning of the quarter to discuss the student’s
individual needs. All students with specific disability needs are strongly encouraged to contact the Office of
Disability Services to explore the potential accommodations that may be available to them.
Carmen Course Site: All class communications, including any announcements or schedule changes
along with all quizzes, checking of grades, etc., will be handled through the carmen course website located
at: http://carmen.osu.edu. The username and password you will use to log in to carmen are the same ones
you use to check your OSU e-mail and to register online for classes. To activate your OSU e-mail visit
http://www.oit.ohio-state.edu/userpass.html and click on ‘how to activate’ or call (614) 688-HELP. All
lecture materials, solutions to all practice assignments, quizzes, and other relevant information will be posted
on the course website.
II.
Online Course Materials (recitation every Monday)
Class Lectures: All of the lectures for this course are located on the carmen course site (click on
‘content’ on the top navigation bar and then scroll down to the header labeled ‘lecture modules’). The
online lectures present the course material in a video lecture format with synchronized graphic displays,
sample problems, and solutions. A student can pause the online lectures at any time to make any notations
they feel will help them in future study and reviews. In addition, the online lectures can be viewed as many
times as necessary to reinforce the learning of difficult concepts. There are several problems that are
worked during each lecture. You should have these problems in front of you while viewing the lectures.
The lecture problems can be found on the carmen course site under the header ‘lecture modules’.
Lecture Class Attendance: Every Monday there is a recitation class meeting scheduled.
The
professor will meet with the class to answer any questions, go over any problems the students may have
encountered during their work with the online lectures, and provide a review of the material from the online
lectures. The Monday recitations should provide a strong review of the key points and concepts learned
throughout the week via the online lectures. However, it should be noted that the weekly in-class lectures are
not a substitute for the online lectures. Rather, the weekly in-class recitations are meant to reinforce and
complement the material from the online lectures. No recitation classes are held during exam weeks.
Homework: There are no formal written homework assignments for this course. However, practice is
essential to mastering this subject matter. Thus, I have posted practice problems for each topic covered on
carmen (click on ‘content’ on the top navigation bar and then scroll down to the header labeled ‘practice
assignments’). Although these practice assignments will not be submitted or graded, your ultimate success
on quizzes and exams will be directly correlated to your ability to understand and do these homework
problems on your own. Because homework solutions and explanations are provided (click on ‘content’ on
the top navigation bar and then scroll down to the header labeled ‘practice assignment solutions’), many
students will be tempted to simply refer to the solutions rather than hammering out a problem on their own.
This will be a serious mistake. The best learning takes place when students work through problems on their
own before resorting to a provided solution. You must be able to understand and do these homework
problems on your own without references to do well on the exams.
Tutor Assistance. There are six tutors assigned to work with this course offering over 30 hours of free
tutoring services to assist students in solving problems, answering questions, etc. Students are encouraged to
use these services on a regular basis, even identifying one particular tutor who may be best suited to meeting
their specific needs The tutoring schedule, including names, days, and hours, is posted on the carmen course
site (click on ‘content’ on the top navigation bar and then scroll down to the header labeled ‘tutor help
sessions’). Any student who feels that the tutors are not meeting their needs should contact the professor,
who will work to identify the problem and assist in finding an appropriate alternative.
II.
Online Course Materials (recitation every Monday)
Other Important Learning Resources: The following learning resources are also available
1.
copies of the power point slides for each online lecture
(these are available online under the ‘lecture modules’ header on carmen or can be
purchased as a course packet from uniprint)
2.
printed transcripts for each online lecture
(these are available online under the ‘lecture modules’ header on carmen)
3.
MP-3 versions of the online lectures (available under the ‘lecture modules’ header on carmen)
Code of Student Conduct: Students are expected to conduct themselves in a civil and professional
manner at all times while attending any course class session or when using any course resource. This
includes attending labs, recitations and exams as well as using carmen resources and the tutor room.
Disorderly, disruptive, threatening, reckless or unsafe behavior, particularly towards another student, lab
instructor or tutor, will not be tolerated. Such behavior constitutes a violation of the student code of conduct
(rule #3335-23-04) and will be handled according to university regulations as well as result in immediate
suspension of that student’s rights to use course resources.
WileyPLUS: WileyPLUS is an online learning resource provided by the publisher of our textbook. These
resources include, among other items, a complete HTML version of the text, MP3 and iPod content, flash
cards, interactive problems and tutorials, practice quizzes and a link-to-text feature that directs one to the
relevant portions of the online text while working through problems. To begin using WileyPLUS you need
to enter the registration code included with your textbook by going to the class section URL listed below
(please note that a registration code granting access to WileyPlus is not included with the purchase of a used
textbook, but can be purchased separately from Wiley e-commerce, if desired):
Class Section Name
AMIS 2200
Class Section URL
https://www.wileyplus.com
Once you go to your class section URL, click on ‘get started’. If you need any help, watch this registration
tutorial at www.wileyplus.com/register or use the live chat function at www.wileyplus.com/support.
After you are registered, you can log in at www.wileyplus.com and begin using the available resources.
II.
Online Course Materials (recitation every Monday)
Quantum: Quantum is adaptive learning and assessment software intended to help you master core
accounting topics and skills needed to be successful in this course. There are seven quantum assignments to
be completed during the semester. Each assignment is worth 20 points. Only the 5 best out of the 7 possible
quantum scores will be used in determining a student's final grade. Please refer to the quantum assignment
schedule posted in carmen for instructions on completing each assignment.
Exams: Three exams will be given throughout the course as noted below. All three exams will begin at
8:00 pm. Also, please attempt to arrive at the exams approximately twenty minutes early so that we may
find you a seat and have everyone ready to begin the exam on time.
Exam #1: Covers topics from 05/06 – 06/02
[scheduled for Monday, June 3 at 8:00 pm]
Exam #2: Covers topics from 06/04 – 06/30
[scheduled for Monday, July 1 at 8:00 pm]
Exam #3: Covers topics from 07/02 – 07/28
[scheduled for Monday, July 29 at 8:00 pm]
You must bring some form of picture identification and a non-programmable calculator to each
examination. Additionally, you must take the exam in the room that you are assigned. Failure to take
the exam in the proper room location will result in a 40 point (one letter grade) reduction in your exam
score. Exam room assignments will be posted on the carmen website one week prior to the exam. The
exams are not comprehensive and will cover only the materials indicated in the box above. If you miss
an examination for a valid reason (see 2200 course policies posted on carmen) and provide sufficient
documentation to support your situation, you will receive an excused absence. The final grade for those
students receiving an excused absence will be determined by the method the instructor assigns at the time the
absence is judged excused. If you receive an excused absence from the final examination, you will receive
an incomplete grade until you complete a make-up exam. If you miss any examination without receiving an
excused absence, your score for that examination will be zero.
Exam booklets and answer sheets are not returned to students. However, students are able to view their
exam booklets and answer sheets in the tutor room for the approximate two to three weeks following the
grading of an exam until the next exam is administered. Students may re-work exam problems, but only on
the exam booklet itself or on the specific yellow paper provided by the tutors. Before leaving the tutor room,
students must return all exam booklets, answer sheets and any yellow paper used to re-work problems to the
tutors. Failure to comply by these rules or return all of these items constitutes academic misconduct (rule
#3335-23-04) and will be handled according to university regulations as well as resulting in a score of zero
being assigned to the exam in question.
Academic Misconduct: According to University Rule 3335-31-02, all suspected cases of academic
misconduct must be reported to the Committee on Academic Misconduct. The term ‘academic misconduct’
includes, but is not limited to, copying any part of someone else’s work on quizzes, exams, and lab
assignments and submitting it as your own work, collaboration with other groups in completing lab
assignments, dishonest practices in connection with exams and lab assignments, and violation of course
policies regarding quizzes, exams, and lab assignments. For additional information on academic misconduct,
see the code of student conduct.
Course Grades. Grading is based on the following:
Lab Section Assignments
400 points
Exam #1 (Monday, June 3 at 8:00 pm)
165 points
Exam #2 (Monday, July 1 at 8:00 pm)
165 points
Exam #3 (Monday, July 29 at 8:00 pm)
170 points
Quantum Assignments (5 x 20 points)
100 points
Total Possible Points
1,000 points
Course Grading Scale. Course grades will be assigned based on the following scale:
Points Earned:
930 – 1,000
900 – 929
870 – 899
830 – 869
800 – 829
770 – 799
730 – 769
700 – 729
670 – 699
630 – 669
Less than 630
Letter Grade:
A
AB+
B
BC+
C
CD+
D
E
II.
Online Course Materials (recitation every Monday)
Class Schedule:
DATE
TOPIC
May 6 Introduction to online portion of course
May 7 – May 12 Introduction – all modules
Financial Statements – all modules
May 13 Class recitation – discuss financial statements
May 14 – May 19 Cost Behaviors – all modules
May 20 Class recitation – discuss cost behaviors
May 21 – May 26 Cost-Volume-Profit – all modules
May 27 Recitation Cancelled – Memorial Day
May 29 Makeup recitation – discuss cost-volume-profit
8:00 – 8:55 am in Schoenbaum Hall Room 105
May 28 – June 2 Prepare for exam I
June 3 Exam I – 8:00 pm – location TBA
June 4 – June 9
June 10
June 11 – June 16
June 17
June 18 – June 23
Transaction Analysis – all modules
Class recitation – discuss transaction analysis
Adjusting & Closing Process – all modules
Class recitation – discuss adjusting & closing process
Statement of Cash Flows – all modules
Financial Statement Analysis – all modules
June 24 Class recitation – discuss statement of cash flows
June 25 – June 30 Prepare for exam II
July 1 Exam II – 8:00 pm – location TBA
July 2 – July 7 Time Value of Money – all modules
Debt Financing – all modules
July 8 Class recitation – discuss debt financing
July 9 – July 14 Equity Financing – all modules
July 15 Class recitation – discuss equity financing
July 16 – July 21 Investments – all modules
July 22 Class recitation – discuss investments
July 23 – July 28 Prepare for exam III
July 29 Exam III – 8:00 pm – location TBA
TEXTBOOK
PRACTICE
READINGS
ASSIGNMENTS
Pg 2 – 25
Pg 46 – 73
Carmen problems
Pg 940 – 947
Carmen problems
Pg 947 – 994
Carmen problems
Pg 100 – 135
Carmen problems
Pg 162 – 198
Carmen problems
Pg 622 – 657
Pg 694 – 721
Carmen problems
App D pg 1 – 15
Pg 504 – 511
Carmen problems
Pg 568 – 600
Carmen problems
App E pg 1 – 12
Carmen problems