Course Syllabus - Central State University

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CENTRAL STATE UNIVERSITY
DEPARTMENT OF ACCOUNTING AND ECONOMICS
COLLEGE OF BUSINESS AND INDUSTRY
FINANCIAL ACCOUNTING
ACC 2201
Course Information
Term: Fall 2007
Course Name: Financial Accounting
Course Number: ACC 2201
Section Number: 03
Course Prerequisites: Contemporary American Business (BUS 1100)
Credit Hours: 3
Classroom Location: Smith Room 323
Class Time and Day: MWF 3:00 – 3:50 pm
Instructor Information
Name: Julia M. Blockberger, MBA CPA
Instructor’s Office Room Number: Smith Room 122
Instructor’s Office Telephone Number: (937) 376-6426
Instructor’s e-mail address: jblockberger@centralstate.edu
Instructor’s Office Hours: 12 Noon-3:00 pm MWF
11:00 noon-3:00 pm TH
Biographical Statement: Ms. Blockberger graduated from Bowling Green State
University with a Bachelor of Science in Business Administration degree and majored in
Business Statistics. She earned a MBA degree from Wright State University with a
concentration in accounting. She is a licensed CPA in the state of Ohio.
Required Texts and Materials
Text (mandatory to pass course): (Fundamental Accounting Principles by Larson, Wild &
Chiappetta 17th Edition, McGraw-Hill Irwin Publishers 2005
Supplies/Materials: Working Papers Volume 1, Chapters 1-12 for use with
Fundamental Accounting Principles
Course Description
An introduction to the fundamentals of accounting that includes the accounting cycle for
services and merchandising entities. Emphasis is on accounting language, transaction
analysis and financial reporting of proprietorships, partnerships and corporations.
Course Learning Outcomes
Upon successful completion of this course, the student shall:
Learning Outcomes
1. Understand the broad role that
accounting information plays in the
economy
2. Understand of basic financial statements
their nature, purposes and use by business
decision makers
Assessment
Quizzes, Spreadsheet Application, Test
Annotated Bibliography of accounting
article, Discussion, Flashcards
Quizzes, Spreadsheet Application, Test
Annotated Bibliography of accounting
article, Discussion, Flashcards
3. Ability to use the language of
accounting and apply the important
concepts on which financial reporting is
based
4. Appreciation of general business
concepts and processes
Quizzes, Spreadsheet Application, Test
Flashcards, Flashcards, Annotated
Bibliography of accounting article
5. Ability to analyze the impact of basic
business transactions on the financial
statements of a business corporation
6. Ability to construct basic financial
statements for a simple corporate business
entity
7. Ability to evaluate the financial
performance of a simple corporation on the
basis of its financial statements
Quizzes, Spreadsheet Application, Test
Flashcards, Flashcards, Annotated
Bibliography of accounting article
Quizzes, Spreadsheet Application, Test
Flashcards, Flashcards, Annotated
Bibliography of accounting article,
Discussion, Read annual report
Quizzes, Spreadsheet Application, Test
Flashcards, Flashcards, Annotated
Bibliography of accounting article ,
Discussion
Quizzes, Spreadsheet Application, Test
Flashcards, Flashcards, Annotated
Bibliography of accounting article,
Discussion
Calculate at least one financial statement
ratio within each of the following four
categories and discuss its usefulness and
limitations in making decisions: Liquidity,
Activity or turnover, Financial Leverage,
Profitably, and Valuation for a company
listed on the NYSE.
Course Policies
Evaluation Policy:
The following activities will be used to evaluate students:
1. Exams – There will be four exams during the semester and a final exam. The latter
will be comprehensive (covering the entire course). There may be announced or
unannounced quizzed given. No makeup quizzes will be allowed. None will be
tolerated. Cheating includes, among other things, securing by any means whatever,
information about specific content of an exam prior to that exam or giving such
information to another student; looking at other student’s work during an exam or
allowing another student to look at his work/exam. The penalty for cheating on any exam
or quiz will be an automatic “F” for the exam/quiz.
2. Quizzes – Unannounced quizzes will be given as determined by the instructor.
3. Homework and Assignments – Homework must be submitted on day of exam.
Homework may be completed and emailed to instructor.
4. Participation – Students are expected to be prepared to discuss solutions to exercises
and problems
5. Other – Excel spreadsheet assignments will be graded on accuracy, formulas, format,
and presentation.
6. Class Demeanor – Student behavior in class will also be evaluated in determining the
final grade. The student is expected to behave and perform in a professional manner (e.g.
be punctual, dress appropriately especially on Wednesdays and be attentive during class).
Respect the rights of all participants by turning off any device that could cause a
disturbance during class (this includes pagers, cell phones and personal alarms).
Negative behavior patterns in class (e.g. unexcused absences, tardiness, class disruptions,
wearing hats, eating, drinking, smoking and sleeping) could result in a reduction of up to
10% of a student’s grade.
.
Grading Policy:
The student’s final grade for the course will be calculated as follows:
Activities/
Percentages
(Or Points)
Evaluation Methods
Exams
70 %
Quizzes
10 %
Homework and Assignments
14 %
Participation
2%
Other
2%
Class Demeanor
2%
Total
100%
The final letter grade will be based on the following scales:
Percentages
(Or Points)
90 – 100
80 – 89
70 – 79
60 – 69
Below 60
Letter
Grade
A
B
C
D
F
Interpretation
Superior (Very High)
Above Average (High)
Average (Satisfactory)
Below Average (Low/Poor Work)
Failure
Attendance Policy:
Regular class attendance is required and necessary in this course. When the number of
unexcused absences exceeds 3 credit hours, the student will automatically receive an F in
this course. This is a university policy and there are no exceptions (see University
Catalogue).
Tardiness/Lateness Policy:
Students are expected to be in the classroom or laboratory at the appointed time of class.
Students reporting to classes ten minutes or later on two separate occasions during the
quarter will accumulate one absence. Each subsequent late reporting to class may be
counted as an absence based on the discretion of the instructor.
Academic Integrity/Honesty Policy:
Academic dishonesty in any shape or form will not be tolerated. Written or other work
submitted by a student must be the product of his/her own efforts. Plagiarism, cheating
and other forms of academic dishonesty, including dishonesty involving computer
technology and cell phones, are prohibited. Students caught engaged in any form of
academic dishonesty could automatically receive an F in the course.
ADA Policy:
CSU provides individuals with disabilities reasonable accommodations to participate in
educational programs, activities and services. Students with disabilities requiring
accommodations to participate in class activities or meet course requirements should
contact the Office of Student Disability for their CSU accommodation letters. It is the
student’s responsibility to obtain and present the accommodation letter to the instructor
Other Policies:
Additional help will be provided by the instructor, if needed. Please schedule an
appointment. Tutoring will be suggested if determined beneficial to the student.
Homework solutions will be available in the instructor’s office. Computer Lab assistance
will be provided at the student’s request
Instructional Methods:
Instruction by Lecture, Problem Solving, Homework Assignments, Spreadsheet Problems
.
Amendments to Syllabus:
This syllabus provides a general plan for the course. The instructor reserves the right to
amend this syllabus at any time. Any such change will be announced, and if practical,
distributed in class. As with all other class requirements, the student is responsible for
being present to receive such changes.
FINANCIAL ACCOUNTING
COURSE SCHEDULE
WEEK
Week 1
CHAPTER
1
TOPIC
Accounting in
Business
Week 2
2
Week 3
3
Week 4
4
Week 5
5
Week 6
6
Analyzing and
recording
transactions
Adjusting
Accounts and
Preparing
Financial
Statements
Completing the
Accounting
Cycle
Accounting for
Merchandising
Operations
Inventories and
Cost of Sales
Week 7
8
Week 8
9
Week 9
10
Week 10 &
11
13
Week 12
14
Long-Term
Liabilities
Week 13 &
14
17
Analysis of
Financial
Statements
Review
WED
Week 15
Final Exam
Cash and
Internal
Controls
Accounting for
Receivables
Plant Assets,
Natural
Resources, and
Intangibles
Accounting for
Corporations
HOMEWORK
Quick Study 1-1,1-3,1-4,1-6,1-8;
Problem 1-8A Excel, Problems 18B, 1-10B,1-12B,1-13B
Quick Study 2-1; Exercise 2-14,215; Problems 204A excel, 2-6B;
BTN 2-8
Questions;
Problem 3-4A Excel;
BTN 3-10
Exercise 4-10; Problem 4-2B, 4-3 A
Excel, 4-6B; BTN 4-10
Quick Study 5-8; Exercise 5-13;
Problem 5-3A Excel, 5-1A; BTN 57,5-10
Quick Study 6-6,6-7; Problem 6-2A
Excel,6-1B,6-2B,6-3B, 6-5B, 6-7B;
BTN 6-10
Exercise 8-2,8-10,8-11,8-12;
Problem 8-1A,8-2A,8-4A Excel
Exercise 9-9;
Problem 9-1B, 9-3B, 9-5B
Exercise 10-7,10-10, 10-11, 10-14;
Problem 10-1A Excel, 10-7A Excel;
BTN 10-10
Exercise 13-1,13-3,13-4,13-16,1317; Problem 13-7A Excel, 13-4B,
13-8B
Quick Study 14-1; Exercise 14-8,
14-18; Problem 14-2A excel, 14-8A,
14-9A, 14-10A
Quick Study 17-1, 17-2, 17-5;
Exercise 17-4; Problem 17-1A Excel
DEC 12, 2007
2 PM
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