Acc 101; Fall 2014; Lord Syllabus
DePaul University
School of Accountancy & MIS
Accounting 101: Introduction to Accounting I
Fall Quarter, 2014
Instructor:
Email:
Eva M. Lord, M.B.A., C.P.A elord1@depaul.edu
Phone:
Office Hours:
773-263-1025
By appointment; please email to schedule.
Email is my preferred method of communication. Please, no texts.
Class Schedule: Section 410: Tuesday/Thursday 10:10am – 11:40am
Lewis Center, Room 1103
Section 411: Tuesday/Thursday 1:30pm – 3:00pm
Lewis Center, Room 1002
Section 412: Tuesday/Thursday 3:10pm – 4:40pm
Lewis Center, Room 1002
Required Text: Financial and Managerial Accounting, Needles, Powers & Crosson,
10 th edition, Cengage. ISBN: 978-1-285-9083-04
Desire2Learn: http://D2L.Depaul.edu
CengageNOW: CengageNOW is the online support program for our class and is required. The registration link is posted on D2L. You will need the access code that came with your textbook.
Course Objective: To understand the foundational concepts of financial accounting.
We will focus on basic accounting tools including the Accounting Equation, T-accounts and journal entries. We will use these tools to prepare financial statements: balance sheet, income statement, statement of retained earnings, and statement of cash flows.
We will see how a thorough grasp of the basic statements translates into an improved understanding of the complex financial information used by investors, decision-makers, and everyone in world of business.
Teaching Method: The course will include lecture, in-class discussion and problemsolving, homework assignments, quizzes, and exams. Please complete reading assignments prior to class.
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Acc 101; Fall 2014; Lord Syllabus
Class participation, Career Management Passport, and DePaul Experience: Class participation points can be earned by 1) asking questions, 2) answering questions, and
3) contributing to classroom discussion. Points will be deducted for 1) skipping class, 2) texting or using a phone during class, and 3) using a laptop for any reason other than
ACC 101 during class. Participation in the Career Management Passport program and
Registration with DePaul Experience are mandatory and will count for 1% of your Class
Participation grade. More information is posted on D2L.
Homework: Homework is important for reinforcing your grasp of the material, and an excellent way of preparing for exams. Homework is assigned weekly and is due at 7:00 a.m. on the day of class. We will review any challenging questions. Your two lowestscoring homework assignments will be dropped from your grade calculation. Most homework will be done using CengageNow. Please be sure your textbook comes with an access code, or purchase one separately. Register for CengageNow using the link posted on D2L. You can submit homework assignments up to twenty times; only your highest score will count towards your grade. You can also “check your work” along the way with no penalty.
Quizzes: There will be four quizzes over the course of the term. Your lowest-scoring quiz will be dropped from your grade calculation. Quizzes will be taken in-class and are short; consisting of approximately 10 multiple choice questions. We will review any challenging questions.
Lab Sessions: Enrollment in a weekly ACC 100 lab session is mandatory.
Grading: Midterm Exam
Final Exam
Homework/Quizzes
35%
40%
15%
Lab 5%
Class Participation/Career Passport 5%
Total 100%
Grades will be assigned according to the following scale:
93 and above
90 – 92
87 – 89
83 – 86
80 – 82
Below 60
A
A-
B+
B
B-
F
77 – 79
73 – 76
70 – 72
67 – 69
60 – 66
C+
C
C-
D+
D
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Acc 101; Fall 2014; Lord Syllabus
Calculators: Personal calculators are not allowed for exams. The School of
Accountancy will provide standard calculators for exams. Personal calculators may be used during quizzes.
Students with Disabilities: Students seeking disability-related accommodations are required to register with DePaul's Center for Students with Disabilities (CSD) enabling you to access accommodations and support services to assist your success. There are two office locations that can provide you with enrollment information, or inquire via email at csd@depaul.edu
.
Loop Campus - Lewis Center #1420 - (312) 362-8002
Lincoln Park Campus - Student Center #370 - (773) 325-1677
Students are also invited to contact me privately to discuss your challenges and how I may assist in facilitating the accommodations you will use during this course. This is best done early in the term and our conversation will remain confidential .
Academic Integrity: Students are expected to conduct themselves in this course in a manner consistent with the University’s standards of academic honesty. Any student found cheating on an assignment or exam may result in the failure of the assignment, failure of the course, and/or additional disciplinary actions including dismissal. The
DePaul Student Handbook details the academic integrity policy.
SOA Code of Conduct: In order to address specific issues that ACC and MIS faculty want to emphasize, the School of Accountancy (ACC) and Management Information
Systems (MIS) faculty has prepared the ACC and MIS Student Code of Conduct.
Students enrolled in any ACC or MIS course are expected to abide by the School of
ACC & MIS Student Code of Conduct. The link to the SOA code of Conduct is:
SOA Code of Conduct
Drop Policy: See the published DePaul Academic calendar. The last day to drop with no penalty is September 23, 2014.
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Acc 101; Fall 2014; Lord Syllabus
Oct 21
Oct 23
Oct 28
Oct 30
Nov 4
Nov 6
Nov 11
Nov 13
Nov 18
Class Calendar
Date
Sept 11
Sept 16
Sept 18
Sept 23
Sept 25
Sept 30
Oct 2
Oct 7
Oct 9
Oct 14
Oct 16
Readings
Learning
Objectives
Homework Assignments/
Quizzes
Chapter 1
Chapter 2
Topic
Course Introduction; Uses of
Accounting Information and the
Financial Statements
Measurement Concepts: Recording
Business Transactions
1-6
1-7
HW Set 1 due 7am
Quiz 1
HW Set 2 due 7am
Chapter 3
Measuring Business Income:
Adjusting the Accounts
1-5,
Supplement
HW Set 3 due 7am
Chapter 4
Chapter 5
Foundations of Financial Reporting and the Classified Balance Sheet
Accounting for Merchandising
Operations
1-3
1-5
Quiz 2
HW Set 4 due 7am
Midterm Review
Chapter 5
Accounting for Merchandising
Operations (Continued)
1-5
Midterm Exam (Chapters 1-4): Friday, October 17, 2014 at 2:00 – 3:45 p.m.
Chapter 6
Chapter 7
Chapter 8
Inventories
Cash and Internal Control
Receivables
Appendix B Accounting for Investments
1-4, 6
3
1-3
HW Set 5 due 7am
Quiz 3
HW Set 6 due 7am
Chapter 9 Long Term Assets 1-4, 6
HW Set 7 due 7am
Chapter 10
Current Liabilities and Fair Value
Accounting
1-3
Quiz 4
HW Set 8 due 7am
Final Review
Final Exam (Chapters 5-10 and App. B): Friday, November 21, 2014 at 11:45 – 2:00 p.m.
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