University of North Carolina at Greensboro
Bryan School of Business and Economics
Department of Accounting and Finance
ACC 201-03: Financial Accounting
Spring 2016
T/Th 11:00-12:15, Bryan 212
INSTRUCTOR: Ms. Amanda Cromartie, CPA
OFFICE: 342 Bryan
E-MAIL: acromartie@uncg.edu
OFFICE HOURS: Tuesdays and Thursdays 9:30am-10:30am and by appointment
TUTORING: 335 Bryan – times TBA
IMPORTANT NOTE:
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. I also encourage you to take advantage of the tutors located in 335 Bryan.
Prerequisite: Any one of the following: MAT 115, 120, 150, 151, 191 or 292.
Undergraduate Bulletin Description ACC 201: “Introduction to external financial statements of
organizations, emphasizing the use of accounting information in making investment and other decisions.
Addresses ethical considerations and role of financial reporting in society.”
*Please note that accounting majors should take ACC 218.
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
 Contribute toward the Bryan School’s commitment to information technology by requiring
students to use the Internet, e-mail, word processing software where appropriate.
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Grades will be determined by:
 Class Participation (Learning Catalytics): 5%
 Homework (8 assignments): 15%
 Four mid-term exams (lowest grade dropped): 55%
 Final Exam (cumulative): 25%
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
All grades will be posted on Canvas. It is your responsibility to make sure they are recorded
correctly. Please contact me immediately if there is an error.
COURSE RESOURCES
 Canvas: canvas.uncg.edu will be used for announcements, materials and information for class.
 Text: Financial Accounting: A Business Process Approach. 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 or
can be purchased online.
 MyAccountingLab (MAL): I have linked MAL with Canvas. To register for MAL go into
Canvas and follow the links for ‘MyLab and Mastering’ in the course navigation menu (on the
left-hand column). Once you have registered for MAL, you simply access MAL within Canvas.
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 about 14 days.
 Learning Catalytics: Learning Catalytics will be used in this class to determine your class
participation grades. It is built into MAL and part of your access code purchase. However, when
you select Learning Catalytics within MAL it will launch a separate browser and may ask you to
log in with you MAL username and password. You will need a smart phone, computer, or other
device that can connect to the Internet for class participation. We will have a representative from
MAL visit class with further details.
 Tutoring: Free tutoring is available in 335 Bryan. Please see “Tutoring” below for additional
information.
 Class handouts: Handouts for class will be posted on Canvas. 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 Canvas.
ATTENDANCE POLICIES
 Attendance will be taken through the use of the Learning Catalytics on random class dates.
Please see the class participation policy below. Attendance of each class is extremely important
to your success in this course.
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You are expected to come to every class on time, pay attention during class, and stay for the
entire period. It is extremely disruptive to the educational environment of the classroom when
students come in late or leave early. If you have an emergency and need to leave early please tell
the instructor at the beginning of class and accommodations will be made.
Please be sure to bring a pencil, eraser, and a calculator with you to each class.
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 from class to a
student who misses a class. You do not need to notify me if you are going to miss as there is no
make-up for missing a class.
Check your UNCG email DAILY for email messages from me and check the Canvas
Announcements regularly. I will post announcements and other information on Canvas. Use
my email address at the top of page one of this syllabus when sending me messages. Failing
to read the syllabus, emails or Canvas announcements/updates will not constitute an excuse
for missed work, assignments or tests.
ELECTRONIC DEVICES:
Unless you have permission from the instructor, electronic devices (cell phones, pagers, PDAs,
Blackberries, iPods, MP3 players, recording devices, etc.) other than those needed for note taking and
for Learning Catalytics class participation must be turned off and stored away with your personal
belongings during class. Any device being seen or heard will be picked up by the instructor and returned
at the end of class. Any electronic device in the “ON” position during an exam will result in a grade of
zero and dismissal from the classroom.
Computers in the Classroom: The use of a personal laptop computer or tablet is allowed for the taking
of notes and working examples during class lectures. The use of a personal laptop computer or tablet is
not allowed for exams. The use of a personal laptop computer or tablet for any non-classroom purpose
is strictly prohibited and may result in the student being dismissed from the classroom.
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 expect for class participation). If you send me 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.
Bryan School guidelines for ethical and professional behavior of students and faculty may be found at:
http://bae.uncg.edu/assets/faculty_student_guidelines.pdf.
CLASS PARTICIPATION (Learning Catalytics):
Participation grades are based on responses to questions asked during class. You must respond using a
device that will connect to the Internet 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 a device that will connect to
the Internet or experience an issue with your device, you will not be able to earn participation for that
day. I expect you to come prepared for these quizzes. I will drop the lowest participation grade so that
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all students can miss one class without penalty. There will be no prior notice for the quizzes and no
make-up quizzes.
Technology Issues, Canvas and MAL: It is your responsibility to have your technology up and running in
a reliable manner. Saying that you are having problems with your technology is not a valid excuse for not
completing assignments. This include issues with your device connecting to the Internet for class
participation grades using Learning Catalytics.
HOMEWORK POLICIES
 MyAccountingLab (MAL) can be accessed using the link in Canvas.
 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 5 attempts at each homework question and you have the availability of the “Help
Me Solve This” function.
 Homework assignments can be saved in MAL, allowing you to work on the same assignment at
different times. However, you must submit the assignment to get credit for it. Do NOT submit each
question individually.
 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 “Course Schedule”. If, for some reason, an
assignment due date is changed, the change will be announced in class and posted as an
announcement in Canvas. 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 Canvas.
 If you are experiencing a problem with the MAL website, please immediately call or email the MAL
Customer Help Desk at (800) 677-6337 or visit
http://pearsonmylabandmastering.com/students/support/ to send an email. This ensures that customer
service has a record of the issue. After calling or emailing MAL, please send me an email before the
assignment is due to let me know about the issue.
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.
 Please note that the Final Exam is scheduled for Thursday, April 28th from 12:00 noon - 3:00
p.m. This schedule is set by the University and cannot be changed. Please plan accordingly.
 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,
before Thursday, April 21st. The make-up exam will be held on Thursday, May 5th.
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GRADES
 Grades will be posted to Canvas the day after the assignment is due or exam is given. If a grade in
Canvas is not correct, please email me 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 Canvas.
 Canvas will allow you to determine your grade at any point during the semester.
 There are no opportunities for extra credit in this course. Each assignment/exam is an opportunity to
improve your grade.
TUTORING
 Tutoring for this course is available for free in Bryan 335. No appointment is needed – just drop in
during scheduled tutoring hours. The tutoring room is staffed by graduate assistants in the masters in
accounting program. If you are unsure who is on duty, please ask.
 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.
UNIVERSITY POLICIES & RESOURCES
I expect students to abide by UNCG’s Student Code of Conduct. 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.”
Please visit http://sa.uncg.edu/handbook/student-code-of-conduct/ and
http://bae.uncg.edu/assets/faculty_student_guidelines.pdf for further information.
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, 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.
Office of Accessibility Resources & Services (OARS): Any request for special accommodations must
come through the OARS with the appropriate paperwork. Please visit http://ods.uncg.edu for further
information.
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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.
 The faculty in this department is dedicated to helping you achieve your education goals.
However, 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 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.
Weather Policy:
In the event of an adverse weather event (ice, snow, hurricane), this class will strictly follow the
University schedule as posted on the website or by calling 336.334.5000. Please refer to these sources
prior to class time.
***Last day to drop the course without academic penalty is Friday, March 4, 2016.***
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ACC 201 Spring 2016
Financial Accounting
Tentative Schedule of Class Topics and Assignments
Class #
Day
1
2
Tues
Thurs
Mon
Tues
3
Date
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 must receive homework questions before 2pm on the due date of the assignment to ensure a reponse before the deadline. Exam Note: Bring pencil, eraser, and calculator. Notes, scrap paper, cell phones and other devices are NOT ALLOWED.
Chapter/Topic Coverage
Syllabus
1/12/2016 Chapter 1 ‐ Business: What's It All About?
1/14/2016 Chapter 1 ‐ Business: What's It All About?
1/18/2016 Dr. Martin Luther King Jr. Holiday
1/19/2016 Chapter 1 ‐ Business: What's It All About?
4
5
6
7
Thurs
Tue
Thurs
Tues
1/21/2016 Chapter 2 ‐ Qualities of Accounting Information
1/26/2016 Chapter 2 ‐ Qualities of Accounting Information
1/28/2016 Chapter 2 ‐ Qualities of Accounting Information
2/2/2016 Mid‐term Exam #1 ‐ Chapters 1 & 2
8
9
10
Thurs
Tues
Thurs
11
Tues
12
Thurs
13
14
Tues
Thurs
2/4/2016 Chapter 3 ‐ Accruals and Deferrals
2/9/2016 Chapter 3 ‐ Accruals and Deferrals
2/11/2016 Chapter 3 ‐ Accruals and Deferrals
Chapter 4 ‐ Payment for Goods and Services: Cash and Accounts 2/16/2016 Receivable
Chapter 4 ‐ Payment for Goods and Services: Cash and Accounts 2/18/2016 Receivable
Chapter 4 ‐ Payment for Goods and Services: Cash and Accounts 2/23/2016 Receivable
2/25/2016 Mid‐term Exam #2 ‐ Chapters 3 & 4
15
16
17
Tues
Thurs
Fri
Tues
Thurs
Tues
18
19
20
21
Thurs
Tues
Thurs
Tues
22
23
Thurs
Tues
24
Thurs
25
26
27
28
Tues
Thurs
Tues
Thurs
Tues
Wed
29
Thurs
Thurs
Fri
Assignments
Read Syllabus
Read Chapter 1 Chapter 1 Homework Assigned in MyAccountingLab ("MAL")
Chapter 1 Homework DUE, 11PM
Read Chapter 2
Chapter 2 Homework Assigned in MAL
Chapter 2 Homework DUE, 11PM
Read Chapter 3
Chapter 3 Homework Assigned in MAL
Chapter 3 Homework DUE, 11PM
Read Chapter 4
Chapter 4 Homework Assigned in MAL
Chapter 4 Homework DUE, 11PM
Read Chapter 5
3/1/2016 Chapter 5 ‐ The Purchase and Sale of Inventory
Chapter 5 Homework Assigned in MAL
3/3/2016 Chapter 5 ‐ The Purchase and Sale of Inventory
3/4/2016 Last Day to withdraw from a course without incurring WF grade (withdraw failing)
3/8/2016 Spring Break‐No Class
3/10/2016 Spring Break‐No Class
3/15/2016 Chapter 5 ‐ The Purchase and Sale of Inventory
Chapter 5 Homework DUE, 11PM
Read Chapter 6
3/17/2016 Chapter 6 ‐ Acquisition and Use of Long‐Term Assets
Chapter 6 Homework Assigned in MAL
3/22/2016 Chapter 6 ‐ Acquisition and Use of Long‐Term Assets
3/24/2016 Chapter 6 ‐ Acquisition and Use of Long‐Term Assets
Chapter 6 Homework DUE, 11PM
3/29/2016 Midterm Exam #3 ‐ Chapters 5 & 6
Read Chapter 7, pp. 317‐323
3/31/2016 Chapter 7 ‐ Accounting for Liabilities (Short‐Term)
Chapter 7 Homework Assigned in MAL
4/5/2016 Chapter 7 ‐ Accounting for Liabilities (Long‐Term)
4/7/2016 Chapter 7 ‐ Accounting for Liabilities (Long‐Term)
Chapter 7 Homework DUE, 11PM
Read Chapter 8
Chapter 8 Homework Assigned in MAL
Chapter 8 Homework DUE, 11PM
4/12/2016 Chapter 8 ‐ Accounting for Shareholders' Equity
4/14/2016 Chapter 8 ‐ Accounting for Shareholders' Equity
4/19/2016 Midterm Exam #4 ‐ Chapters 7 & 8
4/21/2016 Last Day of ACC 201 Class ‐ REVIEW
4/26/2016 University follows Friday Schedule‐last day of classes
4/27/2016 Reading Day
Cumulative Final Exam (All 8 Chapters)
4/28/2016 Bryan 212, Noon‐3:00pm
Make‐Up Final Exam Date, Time and Place TBD
Must meet University requirements to take the final on the make‐up date. See "Exam Policies" in the 5/5/2016 syllabus to determine if you are eligible.
5/6/2016 May Commencement