THE UNIVERSITY OF LETHBRIDGE Management 2100 – Spring 2006 Classes (AH177): T/TH 12:15 – 12:35; Labs: M/W/F 9:00am Office hours: after class or by appointment Instructor: Linda Lindsay Phone: (h) 381-6887 E-mail: llindsay22@shaw.ca Office: D-432 Lab Instructor: Kathryn Erickson Course Materials Required Text: Financial Accounting Tools For Business Decision-Making – Second Canadian Edition By Kimmel, Weygandt, Kieso and Trenholm Other Material: Calculator (without text storage capability) Recommended: Subscription to business or financial press The Globe and Mail: To order a student subscription Phone 1-800-387-5400 Or National Post, Business Week, Fortune, etc. Course Description and Objective This is the first course in the two-semester introduction to accounting. In this course, students are introduced to the concepts of financial accounting. Students are taken through the accounting cycle that illustrates how business transactions are recorded and how this information is assembled to create financial statements. Emphasis is on how to use these statements to measure the financial performance of business enterprises. A more in depth coverage of the proper valuation and presentation of Balance Sheet accounts completes the course. At the conclusion of this course you will be expected to: 1. be able to interpret financial statements and derive information to support decisionmaking; 2. have an understanding of financial accounting concepts and the way these concepts are applied in preparing financial statements; and 3. be able to prepare financial statements. Course Format You should come to class having already read the assigned chapters and attempted the suggested exercises and problems. The lectures will be a combination of instruction, discussion, and problem solving. 2 In addition to lectures, you have scheduled labs. These labs will focus on the exercises and problems assigned. Friday labs will be kept free for you to work on your group project. WebCT will be used to make course material available such as the course outline, tentative schedule, power point slides, solutions to the questions at the end of each chapter. Examinations There will be two exams during the term, each covering essentially four chapters of the text. Because the material in later chapters builds on information presented in earlier chapters, there is a cumulative component although the emphasis will be on the four chapters most recently covered. The final exam will focus on the final four chapters but will have that same cumulative component. Make-Up Exam Policy You will receive a mark of zero on exams missed. Students who miss an exam for medical reasons will be allowed to have the weight of the missed exam applied to the final exam if suitable documentation from a medical doctor is submitted. There are no make-up exams! You are welcome to use the missed exam for practice and I will be happy to go over it with you. Individual Assignments and Quizzes Problems and exercises are outlined in the schedule. I strongly recommend that you attempt as many of these problems and exercises you feel necessary. We will have several quizzes; four of which will count as 10% of your mark. These quizzes will be collected at the start of the lab period. Unfortunately with accounting…practice makes perfect! Group Term Project Groups of 4 to 5 individuals each will be formed early on in the course. You will be expected to work withy your group on the term project. We can learn a lot from our peers so try to take full advantage of the group work. We will break into our groups several times during the term for discussion purposes. Your group will also be responsible for a written project and presentation. Details for the group project will be posted and distributed. Allocation of Grade Quizzes (4@2.5%) Exam 1 (Ch. 1-4) Exam 2 (Ch. 5-8) Group Project - written Group Project - presentation Participation Final Exam (Ch. 9-13)* Total *scheduled by the university 10% 18% 22% 10% 5% 5% 30% 100% 3 Academic Integrity We adhere to the University of Lethbridge policy regarding academic integrity. You can find that policy in Part 4 of the University of Lethbridge Calendar. Of particular note are plagiarism (3-a-1) and cheating (3-a-2). You are admonished to become familiar with these sections of the calendar as offences will not be overlooked and will be dealt with as per the discipline procedures outlined in the calendar. Faculty of Management Guidelines for Grade Conversion Scales A+ A AB+ B BC+ C CD+ D F 95 - 100 90 - 94 86 - 89 82 - 85 78 - 81 74 - 77 70 - 73 66 - 69 62 - 65 58 - 61 50 - 57 00 – 49 4 Class Schedule Thurs. Jan 5 Thurs. Jan 12 Thurs. Jan 19 Thurs. Jan 26 Thurs. Feb 2 Thurs Feb 9 Thurs Feb 16 Thurs Mar 2 Thurs Mar 9 No class today Chapter 1: E1-1, P1-1A, P1-9A Thurs Mar 16 Thurs Mar 23 Thurs Mar 30 Thurs Apr 6 Presentations Chapter 3: BE3-1 Chapter 4 Exam 1 (Chapter 1-4) P5-3A, P5-4A P5-5A Chapter 6: E6-1, E6-6, E6-13 Chapter 8 Exam 2 BE10-8, BE10-11, E10-8 E11-9, P11-5A P13-6A, P13-8A Tues Jan 10 Tues. Jan 17 Tues. Jan 24 Tues. Jan 31 Tues. Feb 7 Tues Feb 14 Tues Feb 28 Course Intro, make groups Chapter 2: P2-1A E3-3, E3-5, E3-12, E3-15 E4-5, E4-11 P4-1A Chapter 5 Chapter 14 Chapter 7: (omit pgs. 326-329) P7.5B Tues Mar 7 Tues Mar 14 Tues Mar 21 Tues Mar 28 Tues Apr 4 P8-4A, P8-6A; P8-7A Chapter 9: E9-1, E9-4 Tues Apr 11 Course Wrap-up and Q & A Chapter 10 Chapter 11 Chapter 13 Lab Schedule Mon. Jan 16 E1-10, E1-11, E1-12 Mon. Jan 23 BE3-2, BE3-3, BE3-3, BE3-4, BE3-10 Mon. Jan 30 Mon. Feb 6 Mon. Feb 13 BE4-1, E4-1, E4-2 Create Groups/Discuss Group Work Q & A Group Project – Choose Companies P6-1A, P6-9A, P6-10A, E6-12 E8-2, E8-5, E8-5, P8-1A Presentations Mon. Feb 27 Mon. Mar 6 Mon. Mar 13 Mon. Mar 20 Mon. Mar 27 Mon. Apr 3 Mon. Apr 10 P9-3A, P9-8A, P9-11A, P9-12A P10-1A, P10-7A P11-6A Q&A Wed. Jan 18 Wed. Jan 25 Wed. Feb 1 Wed. Feb 8 Wed. Feb 15 Wed. Mar 1 Wed. Mar 8 Wed. Mar 15 Wed. Mar 22 Wed. Mar 29 Wed. Apr 5 E2-1,P2-3A; P2-4A, P2-5A P3-3A; P3-4A; P3-7A; P3-9A P4-5A, Q & A E5-4, E5-9, P5-2A E14-1, E14-3, E14-4, E14-7 E7-1, E7-7, E7-8 Q&A E9-6, E9-8, E9-9, E9-11, 9-2A E10-8, BE10-1, BE10-4 E11-3, E11-5 E13-1,E13-2, E13-6, P13-3A The labs scheduled for January 6, January 9, January 11, February 17, March 13are cancelled. Friday lab time is to be used for additional help and group work. 5