University of North Carolina at Greensboro
Bryan School of Business and Economics
Department of Accounting and Finance
ACC 201: Financial Accounting
FALL 2015:
Tuesdays 6:00pm – 8:50pm; Bryan 122
Last Updated August 2, 2015
Contact Information
Lecturer: Dave Kame, BSA, CPA, MBA, CGMA
Office: 386 Bryan (By appointment only)
Email: Dfkame2@uncg.edu
Office Phone: 336-803-5572 (Texts to this number preferred)
Prerequisite: Any one of the following: MAT 115, 120, 150, 151, 191 or 292.
Note that TEXTING (336-803-5572) is the best method to quickly get in touch with me via my cell. Email
however gives you a trail and historical record and is the 2nd best.
NOTE: EXPECTATIONS OF WHAT YOU WILL/WILL NOT GET FROM THIS CLASS:
1. You will receive an A only if you earn it. If you devote small resources, you will not walk away
with a good understanding of the material…or a good grade.
2. You will be expected to read the book BEFORE lecture to enable you to identify what you are
confused with WHILE WE ARE LECTURING ON THE CHAPTER.
3. You are expected to take your own quality notes. No outlines will be handed out.
4. The tutors (Graduate/Upper Class Assistants) will not teach you the material if you have
missed lecture. They will assist on homework if you have read the book, taken good notes, and
really tried on the problem.
5. If you choose to be somewhere else other than class, the potential negative results are your
responsibility. This is to be your priority on class nights..no exceptions
6. All subjects covered on our tests will be touched upon in lecture. However, some topics on the
test may not have been assigned a homework problem. Therefore, attending lecture and taking
good notes and understanding classroom examples is critical.
7. YOU..should work within you class to be a part of a 4-5 person study group.
8. If you devote the appropriate resources, you should obtain a solid working knowledge of basic
Accounting to enable you to function in today’s business environment in a variety of careers.
9. There are not planned extra credit assignments.
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
ACC 201 SYLLABUS
-
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.
Class Organization, Procedures and Expectations
It is no secret that Financial Accounting 201 is a CHALLENGING and TIME CONSUMING class for
most non business majors. To succeed, you must keep up with the material and assignments. It is a
subject that students must study regularly. Cramming will not work.
Students who do not keep up with the class reading, homework, and lecture will not succeed in ACC 201.
ACCOUNTING TUTORS are available to assist with problem solution in Bryan 335.
Their hours will be posted on the door.
Therefore, I have the following expectations of you:
 Carry myself as an adult giving appropriate respect to those around me and the instructors and tutors and
avoid causing distractions during lecture.
 Read the assigned book material BEFORE the lecture
 Bring textbook, notebook, pencil and calculator to each class.
 Bring a Laptop that can dial into the Pearson System. (Note: 100% of the compatibility issues I have
witnessed was with Apple Laptops. I can’t help you with those if used—but some Apples worked fine)
o Test your PC before class
o Always have a power cord.
o Backup battery a good idea
 Devote at least six to nine hours a week outside of class for studying
 Take full advantage of tutors in room 335 to review problem areas
 Contact your instructor as soon as possible if you continue to encounter difficulties after reviewing with
tutors.
 Have a positive attitude, share your constructive experiences when appropriate. (PARTICIPATION)
 Be on time for class and have good attendance
 DO NOT small talk during the Lecture on non accounting issues. If you have an Accounting Point to
share, include the whole class & myself.
In return, I pledge to:
 Be on time and prepared for class
 Be organized in my lectures as well as in the general conduct management of the class
 Provide you with information in advance so you can schedule your work
 Clearly explain concepts and problems reinforced with real world examples.
 Treat you fairly with respect to exams, grading, etc
 Be respectful of you and have a good attitude
 Provide timely feedback on assignments and exams
 Cover as many questions as time allows in class.
 Answer your questions on the chapter being lectured on.
For further Faculty and Student Guidelines, please see:
http://bae.uncg.edu/assets/faculty_student_guidelines.pdf
ACC 201 SYLLABUS
A large portion of class time is devoted to lecture. Therefore, individual study and preparation outside of
class are extremely important to your success. Please read the material and work problems before
coming to class.
Course Materials:
1. Text: Financial Accounting: A Business Process Approach . Jane Reimers.
ISBN: 1256636754. This is a custom textbook for UNCG, although you are welcome to purchase the regular
textbook: Publication Date: March 1, 2010 | ISBN-10: 0136115276 | ISBN-13: 978-0136115274 | Edition: 3.
2. CANVAS/Pearson . Announcements, handouts, slides, and other materials for class. You need to print
these out and bring them to class. I will NOT be able to provide copies in class. If you miss a class, then it is
your responsibility to get the notes and any missed materials and information from another student in the class.
3. MyAccountingLab (MAL): http://pearsonmylabandmastering.com/ . Homework gets submitted via MAL.
365 days of access to MyAccountingLab is included with a new textbook purchase or can be purchased online.
You can receive free access for 17 days. Please go to the MAL website to register. The course id is: (To be
announced) . Detailed instructions are at the end of this syllabus. 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/ .
Grades will be determined by:
- Exam #1:
25%
- Exam #2:
25%
- Final Exam (Cumulative):
25%
- Homework:
20%
- Class Participation:
5%
o
The grading scale is as follows for undergraduate students:
A
92% and above
A90 – 91.99%
B+
88 – 89.99%
B
82 -87.99%
B80 – 81.99%
C+
78 – 79.99%
C
72 – 77.99%
C70 – 71.99%
D+
68 – 69.99%
D
62 - 67.99%
D60 – 61.99%
F
< 60%
All Exam and Homework grades will be available on Pearson.
Participation grades will appear in CANVAS.
Please contact me immediately if you identify an error. Homework grades are automatically posted to your
MAL account.
Exam Information.
There will be two midterm exams and a final exam. The midterm exams and final exam will likely have multiple choice
questions to test basic knowledge and comprehension of principles and concepts. Open-ended problems will be used mainly
to see if you can apply the principles and concepts for solving problems, analyzing situations, and evaluating alternatives.
The final exam will cover topics following Exam 2 and also selected topics from earlier in the semester.
ACC 201 SYLLABUS
There are no makeup exams. If you contact me prior to the exam period and I determine that you have a legitimate reason
for missing the exam, you may have the weight of the missed exam placed on the final exam. Also, you may also be able
to take an early exam by notifying me at least 48 hours in advance of the regularly scheduled exam subject to my
approval. Any request for special accommodations such as extra time to take exams must come through the Office of
Disability Services with the appropriate paperwork. For more information, please visit http://ods.dept.uncg.edu/services/
FINAL EXAM TIMES & DATES ARE ASSIGNED BY THE REGISTRAR TO AVOID ANY POSSIBLE
CONFLICTS. IF ANOTHER PROFESSOR HAS CHOSEN A FINAL EXAM THAT CONFLICTS WITH
OURS, PLEASE SEE THE REGISTRAR FOR RESOLUTION.
Unfortunately you will not be allowed to converse, pass notes, or look on your neighbors screen.
To do so will result in a zero for the exam.
Homework Assignments & Due Dates of Same
There are eight homework assignments. Each homework assignment covers multiple chapters. The assignments
are available online through MAL. Each assignment remains open and available to you throughout the time the
relevant chapters are covered in class. I encourage you to work on the assignments periodically as we cover
each chapter rather than leave all homework questions for each assignment unworked until the due date. As you
do periodically work on each assignment, your work can be saved in MAL and accessed at a later time before
the due date. Thus, you may work on the same assignment at different times. Late homework will not be
accepted-see due dates on the calendar in this syllabus
Participation and Attendance:
Attendance is expected in this class, and therefore, the instructor will keep an attendance record. The first step towards
having first-rate participation is for students to be present in class. Missing a class will reduce the participation grade by 1012 percent per class. The student is responsible for any announcements made during class even if the student is absent.
Class participation is also part of the overall class grade. Participating in class offers you the opportunity to learn from the
diverse experiences and knowledge of colleagues. The participation will be based on your involvement in the class
discussions.
An “A” grade for participation requires frequent and insightful comments, while a “B” grade reflects moderate
participation and useful comments. A student who are not proactive in discussions or who is unprepared to actively
participate on a regular basis will not receive a “B” grade or better. I keep an attendance and participation roster to
help me keep a record of frequent and insightful comments.
Although a student’s attitude is not explicitly in the participation grade, it may be considered in the determination of the final
grade. Discourteous and/or unprofessional behavior to me and/or fellow students may adversely affect a student’s grade.
The amount of the grade reduction is at my discretion.
PARTICIPATION IS NOT JUST SHOWING UP FOR CLASS.
Please turn off cell phones during class and limit your computer use to note taking or looking up
information only when required by class activities.
The development of a supportive learning environment is fostered by respectfully listening to the ideas of
others, being able to understand and appreciate a point of view which is different from your own, clearly
articulating your point of view, and linking experience to readings and assignments.
ACC 201 SYLLABUS
We will cover a great deal of information in each class. If you will not be able to attend a class, let me know as
soon as possible. It is your responsibility to obtain all information/content from your classmates. In order to
fully participate in and benefit from each class session, students must complete required readings in
advance and come to class prepared to discuss them.
Academic Integrity
You and I are expected to abide by the UNCG Academic Integrity Policy as well as by the UNCG Codes of
Conduct. I respect and expect you to uphold the UNCG Honor Code that includes, among other things, that you
complete your own work on your own to the best of your ability. Cheating in this class results in automatic
failure of the course.
I will report the incident to the Honor Court for full due processing. This ends up being a lengthy and stressful
process for both the student and the instructor. Please visit the following link to remind yourself of the full
Code. http://bae.uncg.edu/assets/faculty_student_guidelines.pdf
Policy on Accommodations for Students with Disabilities
Students with disabilities that affect their participation in the course must notify me THE FIRST NIGHT, if they
wish to have accommodations in instructional or examination format. I will work with the Office of Disabilities
and the student to make appropriate accommodations when they notify me.
Student Study Program through the Student Success Center
As a student in this course, you have the opportunity to participate in the Student Study Program (SSP), which
is one of the four programs housed in the Student Success Center located in the McIver Building. SSP is
designed to offer additional academic support for students enrolled in historically challenging classes that have
high drop, failure, and/or withdrawal rates. The purpose of SSP is to offer students the opportunity to form
collaborative study groups of up to 4 of their peers. Students will be matched by the program coordinator with
other students in the same course and section. To sign up or to learn more about SSP, go to
http://success.uncg.edu/ssp/. If you have further questions, you may also contact the Coordinator of the Student
Study Program at ssp@uncg.edu.
Other Comments:
There are no opportunities for extra credit in this course.The material in this course may be difficult for some.
However, it is vital to your professional Business Management success. If you are having problems
understanding the subjects presented, see me when you first encounter problems. Since this course builds on
cumulative knowledge, problems in the early portion of the class will only compound as the semester
progresses.
THE DATE AND TIME OF OUR FINAL EXAM IS SCHEDULED BY THE UNIVERSITY SUCH THAT THERE WILL NOT BE A
CONFLICT. IF ANOTHER PROFESSOR SCHEDULES HIS/HER EXAM IN CONFLICT, PLEASE SEE THEM FOR RESOLUTION
OR MAKEUP.
LET’S SUCCEED TOGETHER!
ACC 201 SYLLABUS
SCHEDULE OF CLASS TOPICS AND ASSIGNMENTS
(subject to change at instructor’s discretion)
DATE
Jan 12
Jan 19
Jan 26
Feb 2
TOPIC
CHAPTER
Introduction to Class &
Business: What’s It All About
1
Qualities of Accounting Information
Submit Homework-Chapter 1 in MAL by 6pm
2
Accruals and Deferrals
Submit Homework-Chapter 2 in MAL by 6pm
3
1
2
Review-Chapters 1-3
Submit Homework-Chapter 3 in MAL by 6pm
Feb 9
EXAM #1
Feb 16
Work through Exam 1
Payment for Goods and Services
3
Chapters 1-3
4
Feb 23
Payment for Goods and Services
Purchase and Sale of Inventory
4 -5
Mar 1
Purchase and Sale of Inventory
Submit Homework-Chapter 4 in MAL by 6pm
5
Mar 8
SPRING BREAK
Mar 15
Acquisition and Use of Long-Term Assets
Submit Homework-Chapter 5 in MAL by 6pm
Mar 22
4
6
5
Review for EXAM #2
Submit Homework-Chapter 6 in MAL by 6pm
6
Mar 29
Exam #2
Apr 5
Accounting for Liabilities
Time Value of Money
7
Apr 12
Accounting for Shareholders’ Equity
Submit Homework-Chapter 7 in MAL by 6pm
8
Apr 19
May 3
HOMEWORK ASSIGNMENT
Chpts 4-6
Review for FINAL EXAM
Submit Homework-Chapter 8 in MAL by 6pm
7pm-10:00pm FINAL EXAM (CUMULATIVE)
ACC 201 SYLLABUS
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8