ACCOUNTING 205 –
INTRODUCTION TO FINANCIAL ACCOUNTING
8-Week Online Course
Spring 2015
Instructor name: Dr. Michael Chiasson
Office location: 133 Powell
Phone number: 985-448-4176
Email:
Michael.Chiasson@Nicholls.edu
Office hours:
Contact me if you wish to set up a face-to-face meeting. Otherwise direct all
questions to my email address listed above. Indicate your name and class section in the title of the
email.
Catalog Description: ACCT 205. Introduction to Financial Accounting. 3-3-0. Prerequisites:
Sophomore standing and eligibility for Math 106. Introduction to corporate financial accounting
systems including preparing, interpreting, and using financial statements. (52.0301)
Prerequisites: Sophomore standing and eligibility for Math 106.
ETS Major Field Test - Required For All Business Majors: You will be required to take the
ETS Major Field Test in Business in BSAD 490 during your final year of study. This is a
standardized test that assesses core business areas of accounting, economics, finance, IS, legal and
social issues, management, marketing, international issues and
quantitative analysis. As you move through your business courses
you are putting the pieces together that form a foundation of
business knowledge. This course is one of these pieces. Expect to
see the concepts integrated into other courses and on the ETS exam.
Required Text and Other Materials: Financial Accounting - Tools for Business Decision Making
by Kimmel, Weygandt, and Kieso,7th ed. WileyPLUS version 4 access code with textbook.
The online access code with give students to WileyPlus – the online course companion to the book
in which all assignments and exams will be administered.
Student Outcome Objectives:
Upon completion of the course, students will be able to demonstrate 1) a solid foundation in the
underlying accounting principles needed to understand and record the economic transactions of the
firm, 2) an understanding of the various accounting users and their information needs, 3) an
understanding of how businesses operate, and how accounting reports on the operations, financial
condition, and cash flows of a business, and 4) an awareness of ethical considerations involved in
the accounting functions of a company (integrated within the course topics.
Course Content: (subject to change at the instructor’s discretion):
COURSE TIMELINE
Available Date
Assignment
Due Date
INTRODUCTION TO WILEY PLUS
Now
Assignment Zero
January 21
CHAPTER 1 – INTRODUCTION TO FINANCIAL STATEMENTS
January 15
January 15
January 15
January 15
January 15
January 15
C1 Reading
C1 Lecture
C1 Demonstration
C1 Recommended
Problems
C1 Homework
C1 Quiz
January 22
January 22
January 23
January 23
January 23
January 26
CHAPTER 2 – A FURTHER LOOK AT FINANCIAL STATEMENTS
January 18
January 18
January 18
January 18
January 18
January 18
C2 Reading
C2 Lecture
C2 Demonstration
C2 Recommended
Problems
C2 Homework
C2 Quiz
January 26
January 26
January 27
January 27
January 27
January 28
CHAPTER 3 – THE ACCOUNTING INFORMATION SYSTEM
January 25
January 25
January 25
January 25
January 25
January 25
C3 Reading
C3 Lecture
C3 Demonstration
C3 Recommended
Problems
C3 Homework
C3 Quiz
January 28
January 28
January 29
January 29
January 29
January 30
CHAPTER 4 – ACCRUAL ACCOUNTING
January 25
January 25
January 25
January 25
C4 Reading
C4 Lecture
C4 Demonstration
C4 Recommended
Problems
February 2
February 2
February 2
February 3
January 25
January 25
C4 Homework
C4 Quiz
February 3
February 4
EXAM 1 – CHAPTERS 1 – 4
February 5– 6:00 a.m.
Exam
February 5 – 9:00 a.m.
ACCOUNTING CYCLE PROJECT
February 5
Cycle Project
February 13
CHAPTER 5 – MERCHANDISING OPERATIONS AND THE MULTIPLE-STEP INCOME
STATEMENT
Date Available
February 1
February 1
February 1
February 1
February 1
February 1
Assignment
C5 Reading
C5 Lecture
C5 Demonstration
C5 Recommended
Problems
C5 Homework
C5 Quiz
Due Date
February 6
February 6
February 9
February 9
February 9
February 10
CHAPTER 6 – REPORTING AND ANALYZING INVENTORY
February 1
February 1
February 1
February 1
February 1
February 1
C6 Reading
C6 Lecture
C6 Demonstration
C6 Recommended
Problems
C6 Homework
C6 Quiz
February 10
February 10
February 11
February 11
February 12
February 12
EXAM 2 – CHAPTERS 5 – 6
February 13 – 6:00
a.m.
Exam
February 13 – 9:00
a.m.
CHAPTER 7 – INTERNAL CONTROL AND CASH
February 8
February 8
February 8
February 8
February 8
February 8
C7 Reading
C7 Lecture
C7 Demonstration
C7 Recommended
Problems
C7 Homework
C7 Quiz
February 13
February 13
February 19
February 19
February 19
February 20
CHAPTER 8 – REPORTING AND ANALYZING RECEIVABLES
February 15
February 15
February 15
February 15
C8 Reading
C8 Lecture
C8 Demonstration
C8 Recommended
Problems
C8 Homework
C8 Quiz
February 15
February 15
February 20
February 20
February 23
February 23
February 24
February 24
CHAPTER 9 – REPORTING AND ANALYZING LONG-LIVED ASSETS
Date Available
February 15
February 15
February 15
February 15
February 15
February 15
Assignment
C9 Reading
C9 Lecture
C9 Demonstration
C9 Recommended
Problems
C9 Homework
C9 Quiz
Due Date
February 24
February 25
February 25
February 25
February 26
February 26
EXAM 3 – CHAPTERS 7 – 9
February 27– 6:00 a.m. Exam
February 27 – 9:00
a.m.
CHAPTER 10 – REPORTING AND ANALYZING LIABILITIES
February 22
February 22
February 22
February 22
February 22
February 22
C10 Reading
C10Lecture
C10 Demonstration
C10 Recommended
Problems
C10 Homework
C10 Quiz
February 27
February 27
March 2
March 2
March 2
March 3
CHAPTER 11 – REPORTING AND ANALYZING STOCKHOLDER’S EQUITY
February 22
February 22
February 22
February 22
C11 Reading
C11 Lecture
C11 Demonstration
C11 Recommended
Problems
March 3
March 3
March 4
March 4
February 22
February 22
C11 Homework
C11 Quiz
March 4
March 5
CHAPTER 12 – STATEMENT OF CASH FLOWS
Date Available
March 1
March 1
March 1
March 1
March 1
March 1
Assignment
C12 Reading
C12 Lecture
C12 Demonstration
C12 Recommended
Problems
C12 Homework
C12 Quiz
Due Date
March 5
March 5
March 9
March 9
March 9
March 10
EXAM 4 – CHAPTERS 10 - 12
March 11 – 6:00 a.m.
Exam
March 11 – 9:00 a.m.
Course Requirements:
This online course is laid out similar to the face-to-face class. It is a combination of theoretical
concepts and problem solving.
• Students will begin each chapter by reading the assigned materials and listening to the
lectures.
• Once the readings and lectures are understood, students should view the demonstration
problems and work through all of the recommended problems.
• Students should contact the instructor if they are having trouble understanding and working
through the recommended problems.
• Students will then complete the homework problem and quiz for each chapter. These two
assignments will be part of the student’s course grade.
• Students will take the four exams. The exams will include multiple-choice questions and
problems similar to the recommended problems, homework, and quizzes.
o Failure to work the recommended problems will likely result in a disappointing
grade on the exams and in this course.
Methods of Evaluation:
Exams:
• Four exams will be given.
• Exams will include problems and multiple-choice questions.
• Time allowed for the four chapter exams is one hour each.
• All exams will be accessed through WileyPlus.
• All exams should be taken alone in a quiet environment, without using other course
materials or assistance or collaboration from others.
Homework Problems:
• Homework problems will be assigned for each chapter.
•
•
Homework problems will be accessed and completed through WileyPlus.
All homework must be submitted before 10:00 p.m. on the date due. Late submissions will
NOT be accepted.
Accounting Cycle Project:
• A comprehensive problem covering the entire accounting cycle will be assigned after
completion of Chapter 4.
• This project will be completed using WileyPlus and will be worth 25 points.
• The project must be submitted before 10:00 p.m. on the date due. Late projects will NOT
be accepted.
• Students must successfully complete this project in order to receive a passing grade in
the class. Successful completion will require the student to earn a 17.5 or above on the
project. Students that do not successfully complete the project will receive a grade of
"F" for the course.
Quizzes:
• Twelve quizzes will be given. Each quiz is worth 5 points.
• The highest 6 quiz scores will be used in your total point’s calculation.
• Quizzes will be accessed through WileyPLUS.
• All quizzes must be submitted before 10:00 p.m. on the date due. Late submissions will
NOT be accepted.
Grades Consist Of:
4 exams @ 100
Chapter homework problems
6 quizzes @ 5
Cycle Project
Total Points
400
60
30
25
515
Grading Scale:
Final letter grades:
Percentage
A
90-100
B
80-89
C
70-79
D
60-69
F
59 & Below
Make-up Procedure:
Make-ups will not be given. If an exam or any other assignment is missed, a grade of zero will be
awarded for the exam or assignment.
Academic Honesty Policy:
Students are expected to hold themselves to a high level of ethical behavior. No form of academic
misconduct will be tolerated. Any form of academic misconduct will result in expulsion and a
failing grade for the course. Academic misconduct includes, but is not limited to, cheating and
plagiarism. According to the Nicholls State University Student Code of Conduct, cheating and
plagiarism are (partly) defined as follows:
Cheating is the actual or even the attempted use of deception or fraud to improve one’s grade or
academic standing or to aid another student in doing so.
Plagiarism is the presentation of the works, words, or ideas of others as one’s own, or the use of
others’ works, words, and ideas without giving proper acknowledgment through appropriate others
to present one’s work as their own.
Furthermore, the Nicholls State University Student Code of Conduct states:
In cases of academic dishonesty… the instructor may handle the matter by invoking a maximum
sanction of immediate expulsion from the course with a failing grade. If the student wishes to
pursue the matter further, he/she must follow the procedures detailed in the Student Academic
Grievances section of this Code.
* If instructor suspects cheating, you will be required to have all exams proctored.
* Allowing a student to copy your work/assignments constitutes cheating on your part.
Multiple cheating offenses:
Section Five of the Code of Student Conduct, ‘Academic Dishonesty and Disruptive Behavior,’
includes a requirement that faculty file a charge complaint statement with their respective dean
whenever a student is confronted or disciplined for cheating. The Office of Academic Affairs will
maintain these records, and any student confronted and/or disciplined for multiple offenses of
academic dishonesty will be brought before the Academic Affairs Integrity Committee for further
review and potential sanctions. Please read the Code of Student Conduct for further details
regarding this policy.
For additional information on student conduct see the Student Code of Conduct at
www.nicholls.edu/documents/student_life/code_of_conduct.pdf.
DROP DATE: The last day to drop a course with a “W” is: Friday, February 27, 2015.
Americans With Disabilities Act:
If you have a documented disability that requires assistance, you will need to register with the
Office of Disability Services for coordination of your academic accommodations. The Office of
Disability Services is located in Shaver Gym, Room 158-A. The phone number is (985) 4484430 (TDD 449-7002).
Academic Grievances:
The proper procedure for filing grade appeals or grievances related to academic matters is listed
in Section 5 of the Code of Student Conduct and at the following link:
http://www.nicholls.edu/documents/student_life/code_of_conduct.pdf.
Continued Learning following an Extreme Emergency:
In order to make continued learning possible following an extreme emergency, students are
responsible for:
• reading regular emergency notifications on the NSU website;
• knowing how to use and access Moodle and WileyPlus (or university designated electronic
delivery system);
• being familiar with emergency guidelines;
• evacuating textbooks and other course materials;
• knowing their Moodle and WileyPlus(or designated system) student login and password;
• contacting faculty regarding their intentions for completing the course.
Faculty are responsible for:
• their development in the use of the Moodle (or designated) software;
• having a plan for continuing their courses using only Moodle, WileyPlus and email;
• continuing their course in whatever way suits the completion of the course best, and being
creative in the continuation of these courses;
• making adjustments or compensations to a student’s progress in special programs with labs,
clinical sequences or the like only in the immediate semester following the emergency.
Announcements: Consult Moodle, WileyPlus, and your Nicholls email daily for any class
information, assignments, and grades.