University of North Carolina at Greensboro
Bryan School of Business and Economics
Department of Accounting and Finance
ACC 201-01D: Financial Accounting
Summer 14, Web-based Course
Instructor:
Office:
Email:
Dr. Venkat Iyer, Ph.D., CPA
383 Bryan Building
vmiyer@uncg.edu
IMPORTANT NOTE:
There are high expectations for you in this course. The material is difficult and this is considered a demanding,
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) reading the text and doing homework on a daily basis, (2) using the resources in
MyAccountingLab, (3) listening to all of the lectures in MyAccountingLab (“Panopto” tab), and (4) developing a
sound foundation by understanding the basic concepts in Chapter 1 through Chapter 3 of the text.
Prerequisite: Any one of the following: MAT 115, 120, 150, 151, 191 or 292.
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 and spreadsheet software where appropriate within
the course.
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Course Resources:
Text: Financial Accounting: A Business Process Approach by Jane Reimers. UNCG Bookstore ISBN:
9781256946113. This is a custom textbook for UNCG. You may not be able to find it elsewhere. An
access code for MyAccountingLab is also required. 365 days of access to MyAccountingLab is included
with a new textbook purchase from the UNCG bookstore or can be purchased online.
Blackboard: http://blackboard.uncg.edu. Will be used for announcements and posting of materials and
information for class. You can also access MyAccountingLab through Blackboard.
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. If you are waiting on financial aid you can receive free access for 17 days. Please
go to the MAL website to register. The course id is: iyer05717.
Student Success Program: http://success.uncg.edu/ssp/apply/
o For questions about Student Success, please contact Jae Haley at 334-3682 or ssp@uncg.edu
COMPUTER RESOURCES AND INTERNET ACCESS
This is a web based class. You must have reliable high speed access to the internet and a reliable computer to take
this class. Saying that you are having problems with your computer is not a valid excuse for not completing
assignments.
Check your UNCG email DAILY for email messages from me and check the Blackboard Announcements regularly. I
will post announcements and other information on BB. Use my email address at the top of page one of this syllabus
when sending me messages. Failing to read the syllabus, emails or BB announcements/updates will not constitute an
excuse for missed work, assignments or exams.
A grade will be determined by:
 10 Homework Assignments (3% each): 30% Total
 2 Mid-term Exams (20% each): 40% Total
 1 Final Exam: 30%
Grading Scale:
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
All grades will be posted on Blackboard. It is your responsibility to make sure they are recorded
correctly. Please contact me immediately if there is an error.
ATTENDANCE POLICIES
Since this is an online course there is no attendance policy. However, I encourage you to listen to and follow along
with each of the recorded lectures (see “Course Materials” folder in Blackboard for more information) and complete
the study plan and pre- and post-tests available in MyAccountingLab. Students who actively participate in the course
perform better on homework and exams, resulting in better course grades.
CLASS ORGANIZATION, PROCEDURES, AND EXPECTATIONS
Online Learning: This is an online class where all of your learning will be done through use of the textbook and
materials available online. The best way to learn the material is by reading the assigned chapters in the text, utilizing
the MAL resources in each chapter, completing the required homework problems in MAL, and working and
reworking the additional problems and study guides in MAL. Your final grade will be based upon your performance
on the Chapter homework assignments, essay, and the exams. There are no opportunities for extra credit in this
class.
Online learning does not mean that you can work at your own pace or on your own schedule. There is a detailed
schedule at the end of this syllabus of the material to be covered and when it will be covered. The online homework
and exams have scheduled windows when you must complete them. It is your responsibility to look at this
schedule and adjust your schedule to be able to take them during the scheduled windows. If your work
schedule, travel schedule or other responsibilities will not allow you to complete the required assignments at
the set times, then you need to drop this class.
To do well, it is a subject that most students must study regularly instead of waiting until the last minute to cram.
You should:
1. Read and STUDY the assigned materials for each assigned date in order to keep up.
2. PAY ATTENTION TO DATES AND TIMES FOR THE HOMEWORK AND THE EXAMS!
3. Do NOT get behind!
4. Check email and BB Announcements frequently so you don’t miss important information.
5. Form a study team online with other students. Use email to ask each other questions and to explain
examples of the topics covered.
HOMEWORK POLICIES
• MyAccountingLab (MAL) can be accessed using the course id and following the website link above (page
2) or the link posted in Blackboard.
• I recommend working out the assigned textbook problems on paper first, then uploading your answers to
MAL before the assignment is due.
• Homework assignments can be saved in MAL, allowing you to work on the same assignment at different
times.
• You are allowed 3 attempts at each homework question and you have the availability of the “Help Me Solve
This” function.
• I will not respond to emailed homework questions received after 3pm on the due date of the assignment.
Please plan in advance for the homework due dates.
• 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.
• Answers to homework assignments will be available in MAL one hour after the assignment is due. Please
check your answers and make sure you understand the material. Note that if you did not do the assignment,
you will not be able to view the solutions.
• 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. All homework assignments are due at 11pm on
the due date. 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. I will not
respond to emails asking for the due date of a homework assignment.
• 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.
TUTORING
Tutoring for this course may be available in Bryan 335. I will provide further information once I know the
schedule of the graduate assistant.
EXAM POLICIES
• Exams are administered through MyAccountingLab.
• Mid-term exams are not cumulative but are closed book. The final exam is cumulative and closed book.
• There are no makeup mid-term exams. If you have prior permission from the instructor, the weight
attributable to a missed exam will be allocated to the final exam. Please try to notify me at least 48 hours
prior to the exam. Failure to notify me within 24 hours after the scheduled exam will result in a grade of
zero on the exam. At the time of notification, I will determine whether to consider the absence excused or
unexcused and follow University policy. In the event you miss an exam for medical or psychological
circumstances, you must provide me with written verification.
• All exams require a pencil and calculator. Cell phones or other PDAs may not be used in place of
calculators.
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Please note that the Final Exam is scheduled for Wednesday, June 18 . The final exam will be
available beginning the evening of June 17, but must be submitted by the exam period date on
June 18. Please note that the exam is timed and once you begin the exam you will NOT be able
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to close out of it and resume later. You must submit the final exam no later than 6:00 pm on
Wednesday, June 18 to receive credit. This schedule is set by the University and cannot be
changed. Please plan accordingly.
In accordance with UNCG’s policy, only those students with three or more final exams within the 24 hour
period surrounding our scheduled final exam and have documentation from the registrar’s office are eligible
to take the final exam on the make-up day. Documentation from the registrar’s office must be submitted to
me before Monday, June 3.
GRADES
• All grades will be posted to Blackboard as soon as they are available. To determine your grade at any point
during the semester, use the grades on Blackboard and the weights shown on the first page of this syllabus.
• There are no opportunities for individual extra credit in this course.
UNIVERSITY POLICIES & RESOURCES
• Students are expected to abide by the UNCG’s Academic Integrity Policy and the Student Code of
Conduct:
o Student Conduct: http://studentconduct.uncg.edu/policy/code/
o Academic Integrity Policy: http://academicintegrity.uncg.edu/violation/
Students are expected to know and abide by the Academic Integrity Policy in all matters pertaining to this course.
When in doubt about whether or not something violates the code, ask me.
• 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.
• Students in Distress: UNCG cares about your success as a student. We recognize that students often
balance many challenging personal issues and demands. Please take advantage of the University
resources designed to help. For assistance accessing these resources, contact the Dean of Students Office
at 334-5514 or Student Academic Services at 334-5730. The Counseling and Testing Center is available
for mental health assistance, 334-5874. You may also visit me during my office hours.
• Student Conduct: Students are expected to know and abide by the Student Code of Conduct. Students
who behave in an unprofessional manner may be removed from the class. This includes
inappropriate postings on Blackboard or rude and unprofessional emails. “An academic community of
integrity upholds accountability and depends upon action in the face of wrongdoing. Every member of an
academic community—student, group/organization, faculty member, and staff—is responsible for
upholding the integrity of the community.” Any successful learning experience requires mutual
respect on the part of the student and the instructor. Neither instructor nor student should be subject
to others’ behavior that is rude, disruptive, intimidating, or demeaning. The instructor has primary
responsibility for and control over the classroom behavior and maintenance of academic integrity.
Please visit http://studentconduct.uncg.edu/policy/code/ and
www.uncg.edu/bae/faculty_student_guidelines.pdf for further information.
OTHER COMMENTS
• If you send me an email, please allow me at least 24 hours to respond. Please do not repeatedly send
me the same email if you do not hear back from me right away.
• I believe that your education is your primary responsibility. It is your job to prepare for and keep up with
assignments. Some students have commented that there is too much work in this course or that it is all
due on the same day. Accounting courses in general are challenging as they cover a vast amount of
material. Deadlines are set, but it is in your hands as to whether or not you do all the work on the last
day or you plan ahead and spread it out.
• This course is a critically important portion of the business curriculum at UNCG. (If you are an
accounting major, you should not take this course, but take ACC 218 instead.) It is also very time
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intensive. You may find it necessary to read the textbook material more than once to fully absorb it.
Chapters 1-3 are fundamental!
Please note that the chapter assignments may only represent the minimum amount of work necessary to
gain an understanding of the material covered in this course.
There are no opportunities for “extra credit” in this course. Each assignment is an opportunity to
improve your grade.
ACC 201 - Summer 2014
Financial Accounting
Schedule of Class Topics and Assignments
Below is a suggested timeline for tackling the material for this course. You may move through the material at
any pace you choose as long as graded assignments are submitted by the due dates indicated below. In other
words, it is fine to submit the work BEFORE the assignment is due, but LATE submissions WILL NOT be
accepted.
Homework Note: All homework assignments must be submitted by 11pm in MyAccountingLab ("MAL") on the
date indicated under "Assignments". No late homework will be accepted. I will not respond to emailed
homework questions received after 3pm on the due date of the assignment.
Exam Note: Exams are closed book and timed. Pencil, eraser, and calculator are recommended to work
problems. Notes, scrap paper, cell phones and other devices are NOT ALLOWED.
Day
Date
Thursday
5/15/2014
Friday
Monday
5/16/2014
5/19/2014
Tuesday
5/20/2014
Chapter/Topic Coverage
Syllabus
Chapter 1 - Business: What's It All About?
Chapter 1 - Business: What's It All About?
Thursday
Chapter 2 - Qualities of Accounting
Information
5/21/2014 Chapter 2 - Qualities of Accounting
Information
5/22/2014 Chapter 3 - Accruals and Deferrals
Friday
5/23/2014 Chapter 3 - Accruals and Deferrals
Monday
5/26/2014 Chapter 3 - Accruals and Deferrals
Wednesday
5/28/2014
Mid-term Exam #1 (Chapters 1-3)
Exam Available 8am-11pm in MAL
Thursday
5/29/2014
Chapter 4 - Payment for Goods and Services:
Cash and Accounts Receivable
Friday
5/30/2014
Wednesday
Assignments
Read Syllabus
Read Chapter 1
Chapters 1-3 Homework Assigned in
MyAccountingLab ("MAL")
Chapter 1 Homework Due
Read Chapter 2
Chapter 2 Homework Due
Read Chapter 3
Chapter 3 Homework Due
Review for Mid-Term Exam #1 (Chapters 1-3)
Read Chapter 4
Chapters 4-6 Homework Assigned in MAL
Monday
6/2/2014
Chapter 4 - Payment for Goods and Services: Read Chapter 5
Cash and Accounts Receivable
Chapter 5 - The Purchase and Sale of Inventory Chapter 4 Homework Due
Tuesday
6/3/2014
Chapter 5 - The Purchase and Sale of Inventory
Wednesday
6/4/2014
Thursday
6/5/2014
Chapter 6 - Acquisition and Use of Long-Term Chapter 5 Homework Due
Assets
Chapter 6 - Acquisition and Use of Long-Term
Assets
Friday
6/6/2014
Review for Mid-Term Exam #2 (Chapters 4-6) Chapter 6 Homework Due
Monday
6/9/2014
Mid-term Exam #2 (Chapters 4-6)
Exam Available 8am-11pm in MAL
Tuesday
6/10/2014 Chapter 7 - Accounting for Liabilities (ShortTerm)
Chapter 7 - Accounting for Liabilities
(Appendix 7: Time Value of Money)
Chapter 7 - Accounting for Liabilities (LongTerm)
6/11/2014
Wednesday
Thursday
Friday
Monday
Tuesday
Wedneday
6/12/2014 Chapter 8 - Accounting for Shareholders'
Equity
6/13/2014
Chapter 8 - Accounting for Shareholders'
Equity
6/16/2014 REVIEW all 8 Chapters
6/17/2014
6/18/2014 Cumulative Final Exam (All 8 Chapters)
Read Chapter 7, pp. 317-323
Chapters 7-8 Homework Assigned in MAL
Read Appendix 7, pp. 361-366
Chapter 7 - Short-Term Liab. & Time
Value of Money Homework Due
Read Chapter 7, pp. 323-342
Chapter 7 - Long-Term Liabilities
Homework Due
Read Chapter 8
Read Chapter 8
Chapter 8 Homework Due