University of North Carolina at Greensboro
Bryan School of Business and Economics
Department of Accounting and Finance
ACC 201-01: Financial Accounting
Fall 2013 M/W 2:00-3:15 SOEB 120
INSTRUCTOR: Professor Hughen, CPA, PhD
OFFICE: 336 Bryan
E-MAIL: lmkolbas@uncg.edu
OFFICE HOURS: Mondays and Wednesdays 12:30-1:30pm and by appointment
TUTORING: 335 Bryan; days and times TBA
Course Objectives:
• Demonstrate an understanding of basic accounting terminology and procedures
• Create the financial statements which flow from the accounting process
• Understand the accounting cycle and the accounting system
• Develop an understanding of how business organizations operate and the events which have a
financial impact upon them
• Understand the time value of money concepts
• Facilitate the development of the student’s written communication skills through an essay
assignment, essay assessment and/or business memo assignments
• Contribute toward the Bryan School’s commitment to information technology by requiring
students to use the internet, e-mail, word processing software where appropriate.
IMPORTANT
This is a very demanding and time-intensive course. It is not a course you can study for the night before
an exam. I cannot stress enough the importance of (1) attending each class, (2) actively listening in each
class, (3) reading the text and doing homework on a daily basis, and (4) developing a sound foundation
by understanding the basic concepts in Chapter 1 through Chapter 3 of the text.
Grades will be determined by:
• Class Participation (i>clicker): 5%
• Quizzes (i>clicker): 5%
• Business letter: 5%
• Homework (14 assignments @ 1% each): 14%
• Four mid-term exams (lowest grade dropped, 3 exams @ 17% each): 51%
• Final Exam (cumulative): 20%
Grading Scale: (final course grades will be rounded to the nearest whole number)
A+ = 97-100
B+ = 87-89
C+ = 77-79
D+ = 67-69
F = 59 and below
A = 93-96
B = 83-86
C = 73-76
D = 63-66
A- = 90-92
B- = 80-82
C- = 70-72
D- = 60-62
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COURSE RESOURCES
1. Blackboard: http://blackboard.uncg.edu
2. Text: Financial Accounting: A Business Process Approach by Jane L. Reimers.
3. MyAccountingLab (MAL): http://pearsonmylabandmastering.com/
We will use MAL for homework assignments in this class (see “Homework Policies” below for
additional information). This is required for the course. 365 days of access to MyAccountingLab is
included with a new textbook purchase or can be purchased online. You may register for free access
for the first 14 days. Please go to the MAL website to register. The course ID is: hughen24259.
4. i>clicker / i>clicker2: The i>clicker will be used in this class to determine your quiz and
participation grades. You are responsible for registering the i>clicker and bringing it to class.
Detailed registration information is posted in Blackboard.
5. Class handouts: Handouts for class will be posted on Blackboard. You must bring the handout with
you to each class, either in hard copy or electronic form. I will not provide copies in class. Solutions
will not be posted on Blackboard.
ATTENDANCE POLICIES
I expect students to attend every class and to pay attention during class. I expect you to come to class
on time and stay for the entire period. It is extremely disruptive when students come in late or leave
early.
There are no excused absences. If you miss a class, it is your responsibility to get the notes and any
materials you missed from another student in the class. I will not give out notes or any other materials
to a student who misses class. You do not need to let me know if you miss class.
PARTICIPATION
In certain classes you will be given one or more questions related to the material from that day and/or
from the previous class. Participation grades are either a 0 or 1; you must use your i>clicker to respond
to all questions presented during the class to get credit for participation. This means that if you arrive
late or leave early and do not answer all questions, you will not get any credit for participation that day.
If you forget to bring your i>clicker, you will not be able to earn participation for that day. I will drop
the lowest participation grade so that all students can miss one class without penalty.
QUIZZES
In certain classes you will be given a pop quiz related to the material from that day and/or from the
previous class. Quiz grades are either a 0 or 1; you must use your i>clicker to correctly respond to at
least 50% of the questions that are presented in order to get credit for the quiz. These quizzes must be
answered individually (no talking to your classmates) but you can use your notes. You cannot get credit
for the quiz if you do not have your i>clicker with you or if you are not in the classroom to answer at
least half of the questions. I will drop the lowest quiz grade so that all students can miss one quiz
without penalty.
BUSINESS LETTER
A business letter assignment is due by 11:59pm on Wednesday, September 4 through SafeAssign in
Blackboard. Please see the detailed instructions posted in Blackboard.
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HOMEWORK POLICIES
• MyAccountingLab (MAL) can be accessed using the course ID and following the website link above
or the link posted in Blackboard.
• Late homework will not be accepted. There are no exceptions. Completing the assignment before
the due date reduces your chance of missing an assignment because of an illness or emergency.
• You are allowed 3 attempts at each homework question and you have the availability of the “Help
Me Solve This” function.
• If you are having trouble with your homework, please use the tutoring available from the accounting
department or see me before or after class.
• The due dates for all assignments are listed on the syllabus. If, for some reason, an assignment due
date is changed, the change will be announced in class and posted as an announcement in
Blackboard. You will also be able to see the updated due date in MAL. You are responsible for
checking the syllabus and reading all announcements in Blackboard.
• If you are experiencing a problem with the MAL website, please call the MAL Customer Help Desk
at (800) 677-6337 or visit http://pearsonmylabandmastering.com/students/support/. If the problem
you are experiencing means that you cannot complete or submit your assignment, please send me an
email before the assignment is due to let me know.
EXAM POLICIES
• You will need a scan sheet, pencil, eraser and calculator for every exam.
• You may not borrow or share calculators during exams. Cell phones may not be used in place of
calculators. No electronic devices other than calculators may be used during exams.
• Four midterms will be given during the semester (plus a comprehensive final exam during finals
week). Your lowest midterm grade (not including the final exam) will be dropped.
• If you do not show up for a midterm exam for any reason, your grade will be a zero. There are no
excused absences and no make-up exams for any midterms.
• Exams will not be returned. You may review your exam during tutoring hours beginning the day
after grades are posted and continuing for the next two weeks. If you would like to review an older
exam, you will need schedule a time to meet with the TA to do so.
• Students with more than two final exams within 24 hours and whose ACC 201 final exam is the
middle exam in a sequence of three may take the final exam on the make-up day. To do so, you must
provide me with documentation from the University Registrar's Office, 180 Mossman Building, by
5pm on December 2. The make-up exam will be held on Thursday, December 12.
GRADES
• Grades will be posted to Blackboard the day after the assignment is due or exam is given. If a grade
in Blackboard is not correct, please email the TA as soon as you notice the issue.
• If you need documentation of your grades at any point during the semester for a fraternity/sorority,
scholarship, or any other reason, please email me your request 24 hours before you need the
documentation so that I have time to review your grades in Blackboard.
• To determine your grade at any point during the semester, use the grade calculation spreadsheet
posted on Blackboard.
• There are no opportunities for extra credit in this course. Each assignment/exam is an opportunity to
improve your grade.
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TUTORING
• Tutoring for this course is available for free in BRYN 335. No appointment is needed – just drop in
during scheduled tutoring hours.
• Be sure to bring your notes and other relevant materials. If you have a question about a homework
problem, you will need to either have your book or your laptop/tablet with you to access MAL.
• The tutors will not do your work for you. Please be prepared with specific questions.
• Tutoring is available to students in all sections of ACC 201, ACC 202, ACC 218 and FIN 315 so
please be considerate of others that are waiting when you are receiving help.
STUDY GROUPS
If you would like to meet and study with other students in this class, please sign up with
UNCG’s Student Study Program (SSP). SSP will coordinate study groups of up to 4 students. This is a
great way to meet some of your classmates and study together when it is convenient for you and your
group. I highly recommend these study groups! To learn more about this program or to sign up, please
go to http://success.uncg.edu/ssp/.
PROFESSIONALISM
I expect you to conduct yourself professionally throughout the semester. This means that you arrive to
class on-time, stay for the entire class and pay attention during class (no talking, texting, or using the
Internet). If you send me or the TA an email, please be polite and professional and please allow me 24
hours to respond. Please do not repeatedly send me the same email if you do not hear back from me
right away.
UNIVERSITY POLICIES & RESOURCES
I expect students to abide by UNCG’s Student Code of Conduct which can be found
at: http://studentconduct.uncg.edu/policy/code/. I will not tolerate disruptive behavior in the classroom. I
follow UNCG’s Student Code of Conduct which defines disruptive behavior as “behavior which the
UNCG regards as speech or action which 1) is disrespectful, offensive, and/or threatening, 2) impedes or
interferes with the learning activities of other students, 3) impedes the delivery of university services,
and/or 4) has a negative impact in any learning environment.” The code allows the instructor to
“withdraw a student from a course for behavior that is deemed by the instructor to be disruptive to the
class. The grade assigned will be “W” if the behavior occurs before the deadline for dropping a course
without academic penalty, and the instructor has the option of giving a “W” or a “WF” if the behavior
occurs after the deadline.”
I expect students to abide by UNCG’s Academic Integrity Policy which can be found
at http://sa.uncg.edu/handbook/academic-integrity-policy/. Any evidence of cheating, plagiarism,
falsification or facilitating academic dishonesty that is brought to my attention is considered a violation
of UNCG’s Academic Integrity Policy and will be documented as such. Students found guilty of
violating the policy will receive grade-related sanctions determined on a case-by-case basis.
Student Disabilities - Any request for special accommodations must come through the Office of
Disability Services with the appropriate paperwork. Please visit http://ods.dept.uncg.edu/services/ for
further information.
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SCHEDULE OF CLASS TOPICS AND ASSIGNMENTS
All assignments shown in bold are due at 11:59 on the date noted. Other assignments (those not in bold) will not
be collected. Solutions are at the end of the study guide and review questions.
Day
Date
Handout #
Chapter/Topic
Assignment
Read text pages 1-27
MAL Assignment 1
Mon
Aug. 19
1
Chapter 1: Business:
What’s It All About?
Wed
Aug. 21
2
Chapter 1: Business:
What’s It All About?
Ch.1 Study Guide: Featured Exercise, Exercises 1-5
MAL Assignment 1 due Sunday, Aug. 25 at 11:59pm
Mon
Aug. 26
3
Chapter 1: Business:
What’s It All About?
Chapter 1 Review Questions
MAL Assignment 2
4
Chapter 2: Qualities of
Accounting
Information
Wed
Aug. 28
Mon
Sept. 2
Wed
Sept. 4
Mon
Sept. 9
Wed
Sept. 11
Mon
Sept. 16
Read text pages 51-62
Work on business letter assignment
MAL Assignment 2 due Sunday, Sept. 1 at 11:59pm
No Class – Labor Day
5
Chapter 2: Qualities of
Accounting
Information
Read text pages 62-74
Business letter due Wednesday, Sept. 4 at 11:59pm
MAL Assignment 3 due Sunday, Sept. 8 at 11:59pm
6
Chapter 2: Qualities of
Accounting
Information
MAL Assignment 4
Chapter 2 Review Questions
Ch. 2 Study Guide: Featured Exercise, Exercises 1 and 2
7
Chapter 3: Accruals
and Deferrals
Read text pages 97-104
Ch.3 Study Guide: Exercises 1, 3, 4, 5 and 8
MAL Assignment 4 due Sunday, Sept. 15 at 11:59pm
Midterm Exam 1 – Chapters 1 and 2
5
Day
Wed
Date
Sept. 18
Handout #
Chapter/Topic
Assignment
8
Chapter 3: Accruals
and Deferrals
Read text pages 104-109
Ch.3 Study Guide: Exercises 2, 6 and 7
MAL Assignment 5 due Sunday, Sept. 22 at 11:59pm
Read text pages 109-120
Ch.3 Study Guide: Featured Exercise, Exercise 9
Chapter 3 Review Questions
MAL Assignment 6
Mon
Sept. 23
9
Chapter 3: Accruals
and Deferrals
Wed
Sept. 25
10
Chapter 4: Cash and
Accounts Receivable
Read text pages 153-160
Ch.4 Study Guide: Exercises 1 and 2
MAL Assignment 6 due Sunday, Sept. 29 at 11:59pm
Mon
Sept. 30
11
Chapter 4: Cash and
Accounts Receivable
Read text pages 161-165
Ch.4 Study Guide: Exercises 3, 4, 6 and 7
MAL Assignment 7
Chapter 4: Cash and
Accounts Receivable
Read text pages 165-174
Ch.4 Study Guide: Featured Exercise (parts A and B
only), Exercises 5 and 8
Chapter 4 Review Questions
MAL Assignment 7 due Sunday, Oct. 6 at 11:59pm
Wed
Oct. 2
Mon
Oct. 7
Wed
Oct. 9
Mon
Oct. 14
Wed
Oct. 16
12
Midterm Exam 2 – Chapters 3 and 4
13
Chapter 5: Inventory
Read text pages 201-210
Ch. 5 Study Guide: Exercises 1-4
MAL Assignment 8 due Sunday, Oct. 13 at 11:59pm
No Class – Fall break
14
Chapter 5: Inventory
Read text pages 211-218
Ch. 5 Study Guide: Featured Exercise (parts 2, 4 and 5)
MAL Assignment 9 due Sunday, Oct. 20 at 11:59pm
6
Day
Date
Handout #
Chapter/Topic
Assignment
Mon
Oct. 21
15
Chapter 5: Inventory
Read text pages 222-230
Ch. 5 Study Guide: Exercises 5, 7 (parts b, d, and e)
Chapter 5 Review Questions
MAL Assignment 10
Wed
Oct. 23
16
Chapter 6: Long-term
Assets
Read text pages 267-275
Ch. 6 Study Guide: Exercises 1, 2 and 4
MAL Assignment 10 due Sunday, Oct. 27 at 11:59pm
Mon
Oct. 28
17
Chapter 6: Long-term
Assets
Read text pages 276-280
Ch. 6 Study Guide: Exercise 3
MAL Assignment 11
18
Chapter 6: Long-term
Assets
Read text pages 281-289
Ch. 6 Study Guide: Featured Exercise, Exercise 5
Chapter 6 Review Questions
MAL Assignment 11 due Sunday, Nov. 3 at 11:59pm
Wed
Oct. 30
Mon
Nov. 4
Wed
Nov. 6
19
Chapter 7: Liabilities
Read text pages 317-325
Ch. 7 Study Guide: Exercises 1, 2, 3 and 4
MAL Assignment 12 due Sunday, Nov. 10 at 11:59pm
Mon
Nov. 11
20
Chapter 7: Liabilities
Read text pages 325-337
Ch. 7 Study Guide: Featured Exercise (part B)
MAL Assignment 13
21
Chapter 7: Liabilities
Chapter 8:
Shareholders’ Equity
Read text pages 371-377
Chapter 7 Review Questions
MAL Assignment 13 due Sunday, Nov. 17 at 11:59pm
22
Chapter 8:
Shareholders’ Equity
Read text pages 377-383
Ch. 8 Study Guide: Exercise 2
MAL Assignment 14
Wed
Mon
Nov. 13
Nov. 18
Midterm Exam 3 – Chapters 5 and 6
7
Day
Date
Handout #
23
Chapter/Topic
Assignment
Chapter 8:
Shareholders’ Equity
Read text pages 383-388
Ch. 8 Study Guide: Featured Exercise, Exercise 1
Chapter 8 Review Questions
MAL Assignment 14 due Sunday, Nov. 24 at 11:59pm
Wed
Nov. 20
Mon
Nov. 25
Midterm Exam 4 – Chapters 7 and 8
Wed
Nov. 27
No class – Thanksgiving break
Mon
Dec. 2
Mon
Dec. 9
24
Review for final exam
Final Exam - Chapters 1-9
3:30-6:30pm in SOEB 120
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