ACCT 312 - College of Business and Economics

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ACCT 205
INTRODUCTION TO FINANCIAL ACCOUNTING
Summer 2014 first 3 week session
PROFESSOR:
OFFICE:
OFFICE PHONE:
OFFICE Hours:
E-MAIL:
Denise English, PhD, CPA, CIA
MBEB3103
426-1322
11:30 – 2 p.m. M-Th
and by appointment
denglish@boisestate.edu
SECTION: Summer 2014 3 week
CLASS TIME: 7:30 – 11:10 M-Th
CLASS ROOM: MBEB1208
COREREQUISITES
ITM 104 and 105 or satisfactory completion of competency exams for those courses
COURSE OBJECTIVES
Accounting is an information system designed to identify, process, and communicate financial
information that is useful for making economic decisions. The objectives of the course include the
following: (1) to learn the basics of financial accounting, including analyzing business transactions,
recording journal entries, and preparing financial statements, (2) to understand the rationale for
current accounting practices and the decisions that are made using accounting information, and (3)
to help you develop a greater appreciation for the important role accounting plays in the success of
every business enterprise.
This course addresses the following College of Business and Economics Core Curriculum Student
Learning Goals and Objectives: 1.1 Understand and apply analytical and disciplinary concepts and
methods related to accounting; and 3. Solve problems, including unstructured problems, related to
business and economics.
REQUIRED MATERIALS
Financial Accounting, 9th edition, ©2012, by Harrison, Horngren, and Thomas.
CLASS ATTENDANCE
Regular, consistent class attendance is essential for success in this course; however, attendance is
not mandatory. If you miss a class, it is your responsibility to become informed of any special
announcements made that day. Blackboard will be used to post class announcements and study aids,
but is NOT an effective substitute for attending class.
HOMEWORK ASSIGNMENTS
Homework assignments will be collected in class on the day indicated on the attached schedule.
Late homework will not be accepted. Homework will be graded based on effort (completeness) and
returned to you the next class period. Each homework assignment is worth 10 points; your lowest
homework score will not count towards your grade. In addition to the assignments you will turn in,
preparation for each class should include reading the assigned chapter material and identifying areas
that are giving you problems and then asking relevant questions. Perhaps more than any other class
you have taken, it is extremely important that you keep up with the reading and homework
assignments. Much of what you learn in this course is cumulative and if you fall behind it is very
difficult to catch up, so be sure to see me early if you are having any difficulties!
1
MONOPOLY PROJECT
After each of the first two exams, you will spend the remaining class time playing the Monopoly game
and keeping a record of your transactions (these two sessions will simulate two accounting periods).
You will then use these transactions, along with other information that will be provided, to complete
the entire accounting cycle (from analyzing transactions to preparing a post-closing trial balance).
Details on the project will be distributed and the project will be collected at three different times during
the course as indicated on the attached schedule; late projects will not be accepted. The project is
worth 50 points and will be graded for accuracy.
QUIZZES
A total of 7 quizzes, each worth 10 points, will be given. The date for each quiz is included on the
attached schedule. All quizzes are “closed book.” Quizzes will consist of multiple choice
questions. Quizzes must be taken on the day and time scheduled. No make-up quizzes will be
given.
EXAMS
A total of three exams, each worth 100 points will be given. Exam dates are included on the
attached schedule. All exams are "closed book." Exams will consist of multiple choice questions,
short answer, and/or workout problems. Exams must be taken on the day and time scheduled. No
make-up exams will be given unless you have received permission in advance. If you are ill on the
day of an exam, you must notify me before the exam. The score for any missed and unexcused
exam will be zero.
PROFESSIONAL BEHAVIOR
Professional behavior is expected at all times in this class. You should come to class prepared, ask
questions, and be considerate of others. You should not arrive late, leave early, use cell phones to
talk or text, have your own personal conversations in class, make fun of or belittle others’ questions
or comments, read the newspaper, or do anything else that would detract from a positive learning
environment. This will be a great class, and you will learn a lot, as long as everyone works to create
the proper atmosphere.
ACADEMIC INTEGRITY
In order for you to be a successful and respected business professional, you must have high
standards of honesty and integrity. These qualities are also expected of you in this class. Cheating
and other forms of dishonesty, including plagiarism and copying work from other students (whether
they are a current or former student), on exams or other assignments that require independent work
will not be tolerated in this class; disciplinary action will be taken if you are caught engaging in
such activities. Students are encouraged to review the issues related to academic dishonesty as
explained in the Boise State Student Code of Conduct. This document can be found online at
www.boisestate.edu/osrr/scp/student_code.html.
2
GRADING
Grades will be based on your performance on the following items:
Interim and final exams (3 @ 100 points each)
Homework (7 @ 10 points each; drop lowest)
Monopoly project
Quizzes (7 @ 10 points each; drop lowest)
Total
300
60
80
60
500
points
points
points
points
points
The preliminary grading scale is as follows:
Grade
A
AB+
B
B-
Percentage of Points
93 – 100
90 – 92
87 – 89
83 – 86
80 – 82
Grade
C+
C
CD
F
Percentage of Points
77 – 79
73 – 76
70 – 72
60 – 69
Below 60
The final grading scale may be lowered based on a curve established after the results from the final
exam have been determined. I will inform you of any possible curve after each midterm exam;
however, do not count on a curve to obtain an acceptable grade.
3
TENTATIVE COURSE SCHEDULE
BSU, Dr. Denise English
ACCT205: Intro to Financial Accounting
Summer 2014 first 3 week session (Tentative Schedule)
#
Class Date
Text Ch#
1
Mon May 19
1
Class Topic
Course Intro
Introduction to Accounting & Financial Statements
2
Tue May 20
2
Transaction Analysis
3
Wed May 21
3
Accrual Accounting & Income
4
Thu May 22
In Class Exam #1 / Monopoly Round 1
Mon May 26
NO CLASS—Memorial Day Holiday
5
Tue May 27
4/5
Review exam; Internal Controls & Cash; ST Investments & Receivables
6
Wed May 28
6
ST Investments & Receivables
7
Thu May 29
7
Inventory & Cost of Goods Sold
8
Mon June 2
9
Tue June 3
9
Liabilities
10
Wed June 4
12
Statement of Cash Flows
11
Thu June 5
n/a
Monopoly due; Final Exam Chapters
In Class Exam #2 / Monopoly Round 2
Course day
Chapter
(on exam days #
review ½ hour,
test 1 ½ hours,
play monopoly
remainder)
Homework from text to be collected (we will
generally go over MOST of these the day before
due; however, you should have them ready to turn
in
1 May 19
2 May 20
3 May 21
4 May 22
No class
05/26
5 May 27
6 May 28
7 May 29
Ch1: 8, 14, 16, 18, 21, 22, 15, 59
Ch 2: 2, 6, 8, 9, 12, 18, 65; Quiz 1 Ch 1 & 2
Ch 3: 1, 17, 21, 24, 26, 29, 69, 81B; Quiz 2 Ch3
Exam 1; Monopoly round 1 play and record;
Memorial day holiday
8 June 2
9 June 3
10 June 4
11 June 5
1 lecture
2 lecture
3 lecture
1-3 exam
on -4 & 5 lec
6 lecture
7 lecture
4, 5, 6, 7
9 lecture
12
lecture
9 & 12
Ch4: 8, 16, 17, 21, 22; Ch 5: 10, 25; Quiz 3 Ch 4
Ch5: 27, 67; Ch6: 16, 17, 18; Quiz 4 Ch 5
Ch6: 26, 68; Ch7: 15, 17, 18, 10, 19, 22; Quiz 5 Ch6
&7
Exam 2; Monopoly round 2 play and record
Ch9: 3,17, 22, 67, 16; Quiz 6 Ch 9
Ch12: 16, 20, 65; Quiz 7 Ch 12
Exam 3; Turn in final Monopoly records
4
5
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