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Syllabus
AC 221 Principles of Accounting I
Southeast Missouri State University
Fall 2009
INSTRUCTOR
Name: Roberta L. Humphrey, Ph.D., C.P.A.
Email: rhumphrey@semo.edu
Office: 210 Dempster Hall
Office Phone: 573-986-4916
Official Office Hours: 4pm to 5:30pm Mondays and Wednesdays and by appointment
Unofficial Office Hours: Any time I am in my office and not with someone else. Please also feel free to
email me questions.
CATALOG DESCRIPTION AND CREDIT HOURS OF COURSE:
A study of financial accounting. The reporting of assets, liabilities, revenues, and expenses are detailed.
3 Credit Hours.
COURSE PREREQUISITES
Sophomore standing, MA134 & AD101 with a minimum grade of ‘C’.
TEXTBOOK
Fundamental Accounting Principles, 18th edition, Media-Enhanced by Wild, Larson, and Chiappetta.
Bring your textbook to every class except on exam days. Notes about your textbook:
• A cd to accompany this textbook is available for check out from textbook rental. All information
on the cd is also posted to the textbook web site.
• At the end of each chapter right before the chapter summary, there is a demonstration problem.
The demonstration problem is an excellent learning tool because the student can try to work the
demonstration problem and check their results against the textbook provided answer.
• Each chapter is sub-divided into learning objectives. Learning objectives are classified as
Conceptual (C#), Analytical (A#), and Procedural (P#). Each study objective is printed in the
outside margin of the textbook in purple, yellow, or green to indicate where material on the
learning objective begins. Each exercise and problem at the end of the chapter lists in the
learning objective related to the exercise or problem. This cross reference enables students to
turn back to the leaning objective in the chapter to gain more information about the type of
exercise or problem they are attempting to solve. Each learning objective is also summarized in
the chapter summary at the end of the chapter.
• The pink circle with an iPod in the center (found in the outside margin throughout the textbook)
indicates there is material available to download from the textbook website or cd to your iPod for
viewing. The material may be a video, lecture, or quiz. The material may also be viewed from a
computer.
• Beside the end of chapter problems, pink check figures are printed in the outside margin to let
you know if you are on the right track.
• The back inside cover of the textbook lists a brief summary of concepts and computations
covered in this course.
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MCGRAW-HILL’S HOMEWORK MANAGER
All collected homework will be submitted through McGraw-Hill’s Homework Manager for
Fundamental Accounting Principles. To obtain a $25 subscription to this service, students should visit
the textbook website www.mhhe.com/wildFAP18e, select McGraw-Hill’s Homework Manager from the
brownish-gray box on the left, and purchase the $25 subscription. You should receive a twentycharacter subscription code. Be sure to put your code in a safe place, my understanding is that you
will be able to use this code for this semester and for next semester for AC221 or AC222.
(If you receive the error message “Our System is not Responding – Failed to execute omtx command”
you should delete all cookies & internet files and run the request again with ONLY ONE browser open.
To delete all cookies & internet files, open a browser, select tools and internet options then under the
general tab delete temporary files, cookies, saved passwords and web form information. After it
completes try again with just one browser open.)
The homework manager page for this course is: http://mh.brownstone.net/classes/acctprin-fall09/
Once you have received your subscription code visit the homework manager page for this course
http://mh.brownstone.net/classes/acctprin-fall09/. Select “Register as a student in the blue-gray box on
the left. Enter the twenty-character code you purchased from McGraw-Hill. Follow the rest of
instructions. Be sure to put your code in a safe place, you should be able to use this code another
semester for AC221 or AC222.
Once you have registered for Homework Manager, visit the homework manager page to complete
assignments. Students will be asked for their userid and password created during registration to open
the assignment.
McGraw-Hill Homework Manager should enhance your learning in the following manner:
• Homework will be graded immediately by the computer, students will not have to wait to turn it
in and receive it back. Students will know how well they did on the spot and be able to work
more on the topic if needed.
• Students will be able to work an exercise or problem (often with different numbers) more than
one time, improving their learning and their homework score. Students may work homework
manager assignments as many times as they wish before the due date. The average score for all
attempts on an assignment will be the grade on the assignment.
HINTS (things to remember):
• From the main homework manager page (http://mh.brownstone.net/classes/acctprin-fall09/) (1)
click on an assignment to begin working it or (2) click on View My Grade (in left hand blue box)
to see your previous scores [to view your answer and the correct answer on graded assignments
click on the assignment of interest].
• You may want to print the assignment and work it offline, which is an option on the first screen.
The other option is to work it without printing.
• Click “Save my work” button periodically to save and avoid timing out. If there is no activity
within 60 minutes, Homework Manager will automatically log out your session.
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•
•
•
•
•
Click “Quit and Save” button if you wish to work on your assignment at a later time without
grading. When returning to the Homework Manager, you must finish the saved assignment first
before beginning another assignment.
You can only do one thing at a time. You cannot view past results while you are in the process of
taking an assignment. You cannot take two graded assignments at the same time.
Don't copy and paste, this might enter illegal characters in your homework and prevent you from
getting a grade.
When trying to print an assignment for off-line work, right click while the assignment is showing
to get the print option.
When trying to print an assignment after graded, select print in upper right of screen, change to
landscape under preferences. (Note all the assignment may not print.).
COMPUTER LABS
For this course, students need access to the Internet. The university has five campus-wide labs. Hours
and locations of the university-wide labs are found on the Information Technology webpage or directly
at http://www6.semo.edu/openlab/. Two additional labs are available (when not being used by a
scheduled class) in Dempster Hall’s basement. Hours and locations are found by following the
“Computer Labs” link from the Donald L. Harrison College of Business web page or at
http://www.semo.edu/hcb/academics/labschedule.htm.
TEXTBOOK COMPANION WEBSITE
www.mhhe.com/wildFAP18e (In bottom left box select student edition). For each chapter, this website
contains interactive quizzes, a glossary, flash cards, slide presentations, video segments, demonstration
problems, and iPod content. Please use these tool to aid in your learning. Former students claim the
interactive quizzes help them prepare for quizzes and examinations.
COURSE WEBSITE
The course website can be launched from “my course tab” in http://portal.semo.edu or directly at
http://cstl-hcb.semo.edu/rhumphrey/ac221fall2009. The course website includes:
• a copy of the course syllabus
• a copy of the tentative assignment schedule
• course announcements
• a link to the grade book – to observe grades for the SE KEY used to sign-in
• copies of distributed class handouts
• information about tutoring for this course
• solutions for selected textbook problems
COLLEGE OF BUSINESS OBJECTIVES
For the Bachelor of Science in Business Administration degree program:
• Proficiency in written and oral communication (BSBA1)
• Demonstrate effective use of technology (BSBA2)
• Demonstrate awareness and understanding of other cultures (BSBA3)
• Demonstrate knowledge of the fundamentals of business disciplines (BSBA 4)
• Demonstrate critical thinking skills involving business and ethics (BSBA5)
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COURSE OBJECTIVES
Upon completion of this course a student should be able to:
• explain how accounting is an information system.
• discuss accounting as a profession.
• state and explain accounting principles and procedures.
• prepare the basic financial statements.
• perform basic financial statement analysis.
• explain the limitations of financial statements.
• state and discuss the advantages and disadvantages of sole proprietorships, partnerships, and
corporations.
COURSE CONTENT
Chapter 1: Accounting in Business
Chapter 2: Analyzing and Recording Transactions
Chapter 3: Adjusting Accounts and Preparing Financial Statements
Chapter 4: Completing the Accounting Cycle
Chapter 5: Accounting for Merchandising Operations
Chapter 6: Inventories and Cost of Sales
Chapter 7: Accounting Information Systems
Chapter 8: Cash and Internal Controls
Chapter 9: Accounting for Receivables
Chapter 10: Plant Assets, Natural Resources, and Intangibles
Chapter 11: Current Liabilities and Payroll Accounting
Chapter 14: Long-Term Liabilities
EXPECTATIONS OF STUDENTS
Students are expected to:
• demonstrate an understanding of accounting as an information system and profession.
• demonstrate an understanding of accounting principles and procedures.
• demonstrate an understanding of basic financial statements, financial statement analysis, and the
limitations of financial statements.
• demonstrate an understanding of the advantages and disadvantages of sole proprietorships,
partnerships, and corporations.
• spend sufficient time outside of class preparing for class and completing assignments.
• attend all class meetings adequately prepared.
• read and study the textbook in detail.
• to complete all course assignments.
• to participate in class discussions and discovery.
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BASIS FOR STUDENT EVALUATION/COURSE GRADE
Examination scores, quiz scores, and graded homework scores will be used to determine the course
grade. A student’s course score will be computed as follows:
Examination 1 score
Examination 2 score
Examination 3 score
Examination 4 score
Quiz score
Graded homework score
Total
multiplied by
multiplied by
multiplied by
multiplied by
multiplied by
multiplied by
15%
15%
15%
15%
20%
20%
100%
A ten-point scale will determine the student’s course grade.
Course Score
90% or higher
80%-89.999%
70%-79.999%
60%-69.999%
Below 60%
Letter Grade
A
B
C
D
F
Exams
Each examination will be worth 100 points. A variety of types of questions may be employed for each
exam including objective questions (multiple-choice, true-or-false, and/or matching), subjective
questions (problems, discussion questions) or a combination of both types of questions. The exams may
ask problem-oriented questions in a multiple-choice format. Dates for examinations are as follows:
Exam 1 (chapters 1-4) at 2:30pm on October 5, 2009
Exam 2 (chapters 5-7) at 2:30pm on October 28, 2009
Exam 3 (chapters 8-10) at 2:30pm on November 23, 2009
Exam 4 (chapters 11,14) at 2pm on December 14, 2009
Exam Calculators
In most situations, students will need to use calculators on each exam. Students will NOT be allowed to
use programmable calculators on the exams. For this class, a programmable calculator would be one
where the majority of the letters of the alphabet could be entered into the calculator. Ask your instructor
if you are unsure whether your calculator would be allowable for exams in this course. Students will not
be allowed to use cell phones as calculators on the exams. If a student is caught using an unallowable
calculator or cell phone on an exam, 30 points will be deducted from the student’s exam score.
Quizzes
Seven ten-point quizzes will be given in this course. Quizzes will be short (often five to ten minutes).
The type of questions on the quizzes will vary. Question type may include short problems, true-or-false,
multiple-choice, and/or matching. Quizzes will be given at the beginning of class. If a student arrives to
the classroom after the quiz has been distributed, he/she will not be given a quiz. Make-up quizzes will
not be available. To compensate for the no make-up quiz policy, only the student’s top five quiz grades
will be counted. A student’s overall quiz score will be computed as follows:
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Quiz Score =
Sum of points earned on top 5 quizzes
50
X 100 points
Quiz Calculators
Students may need a calculator on a quiz. Students may use programmable calculators on a quiz but not
their cell phone. Students are responsible for bring their own calculator on quiz dates.
Assignments
Student assignments are listed on the tentative assignment schedule distributed with this syllabus.
Student assignments include reading the textbook, working exercises and problems to be covered in
class (not graded homework), and working exercises and problems to be graded (graded homework).
Each type of task is briefly discussed below:
o Reading the Chapter. Each student is responsible for reading the textbook before the lecture
material is covered in class. Answering the quick-check questions at the end of each chapter section
and the multiple-choice quiz found at the end of the chapter may help students evaluate how well
they comprehended the reading (answers are provided for these item in the textbook: quick-check
questions answers are after the chapter summary, the multiple-choice quiz answers are found on the
last page before the next chapter). Reading of the material is a necessary part of the student’s
preparation to receive information presented in class and to answer instructor’s questions during
class. (Do not embarrass yourself by being unable to provide a quick reply to a class question.
Students will be called upon by name.) Reading the textbook is also necessary since so much
information is in each chapter not everything on the exam can be covered in the lecture. Read your
text!
o Working the assigned exercises and problems not collected by the instructor. In order to improve
your learning, students should work assigned exercises and problems not collected by the instructor
before class on the assigned date for two reasons. First reason (the student should work these before
class) is the student will know what he/she does not understand when the item is gone over in class.
Therefore, students can get answers to the parts of the exercise or problem not understood. Second
reason (the student should work these before class) is the student will be able to provide thoughtful
answers to instructor’s questions when the exercises and problems are worked in class.
o Working the graded homework. All graded homework will be submitted through the web-based
program McGraw-Hill Homework Manager. See discussion of this tool on page 2 of this syllabus.
Homework must be submitted by the time class starts, but don’t wait until the last minute. You may
work each homework exercise or problem as many times as you wish by the due date, your score
will be the average of all your attempts on the assignment. Late homework will not be accepted.
A student’s graded homework score will be computed as follows:
Graded Homework Score =
Sum of graded homework points earned
X 110% X 100 points
Sum of graded homework points assigned
Note a student could actually earn an overall graded homework score of 110 while only 100 points
are included in the basis upon which grades are determined. Since late homework is not accepted,
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this policy allows students to miss a homework without it impacting their grade or the policy allows
students to earn extra credit points. The full graded homework score will be used to compute the
student’s grade, even if it is more than 100 points.
Curve
If the overall average grade at the end of the semester is less than 75 out of 100 points then points will
be added to everyone’s grade so that the overall average of students who regularly attend class and took
all exams is equal to 75 points. There is no curve for individual exams, quizzes or assignments.
MISSED EXAMS/ MAKE-UP EXAMS
Students who miss an exam will be allowed to make-up the exam ONLY IF the exam was missed for an
official university reason or a documented unforeseen emergency. Below describes the necessary
elements of each situation and the procedures to be followed for each case. Students who miss an exam
for a reason other than the below described official university reason or documented unforeseen
emergency will not be allowed to make-up the missed exam.
Official University Reason If you must miss an examination due to an Official University reason,
present the appropriate documentation to the instructor as far in advance as possible so appropriate
arrangements can be made.
Documented Unforeseen Emergency If you miss an examination due to an unforeseeable emergency
AND you are able to provide acceptable documentation of the emergency, contact the instructor as soon
as reasonable. The following are examples of legitimate unforeseeable emergencies: an illness requiring
a medical doctor’s attention, the death of a family member or close friend, and/or an automobile
accident on the way to the exam. Absences due to emergencies must be documented in writing and
presented to the instructor within two days of your return to school.
CLASS CONDUCT
Students are expected to observe common classroom courtesy. Attendance is required. Students are
expected to complete all assignments for this course on time. Habitual tardiness and leaving class early
will not be tolerated. If you must leave during class, do not return until after class is dismissed. Use of
tobacco products, sleeping, reading non-class material, doing work not related to this class, and talking
unrelated to the discussion will not be tolerated. Audible cell phones or pagers should be turned off
before class starts.
ADDITIONAL POLICIES
Instructor Will Retain Exams: All exams will be retained by the instructor. You may not copy exams
in any form or manner. Exams will be reviewed in class and each student may come by the instructor’s
office to review the exam within one week after the exam is reviewed in class.
E-mail: As a student, you have been assigned a University e-mail address somename@semo.edu. The
instructor e-mails students information so you should check this e-mail address often.
Attendance: Student attendance at every class meeting is expected. Attending class will improve your
learning of the material. Students should initial the roll circulated through the class to indicate their
attendance. Once the roll has circulated, pass it to the instructor.
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Seating Assignments: A seating chart will be distributed at the second class meeting. You should pick
a seat in the first five rows to be your permanent seat. Please sign the seating chart and sit in your
permanent seat for the rest of the semester. The instructor reserves the right to move students to another
seat during the semester.
Academic Honesty: Students are expected to abide by the University Policy for Academic Honesty.
The official statement about academic honesty, including plagiarism, is found in the Undergraduate
Bulletin or may be accessed at: http://www.semo.edu/bulletin. Students are expected to understand and
abide by rules of the Code of Student Conduct available at
http://www6.semo.edu/stuconduct/code.html. Additional conduct information may be accessed at:
http://www6.semo.edu/judaffairs. A student caught cheating will receive a zero on the examination.
The instructor may also recommend to the appropriate authorities more serve penalties, such as the
student receiving academic probation, suspension, or expulsion.
Students with Disabilities: Information about provisions to be made for students with disabilities can be
obtained from Learning Assistance Programs & Disability Support Services, located at:
http://www.semo.edu/cs/services/lec.htm. To request disability accommodations or assistance, please
contact Learning Assistance Programs & Disability Support Services in Room 302 of the University
Center. After you have met with a representative from Learning Assistance Programs & Disability
Support Services, please meet with the instructor to discuss accommodations or assistance needed in this
course as soon as possible. Accommodation or assistance may take a little time to arrange. Note the
student is responsible for contacting the instructor to discuss arrangements to meet their needs.
Drop Date: The final day to drop a semester class is Friday October 30, 2009. Please note that the
College of Business will NOT issue or approve any late drops.
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