ACCTG 211 , Section 002: FIN MGL ACC DEC MK-SP2012
Instructor
William Engelbret, CPA, Ph.D.
Title Associate Professor of Business and Accounting
Office Phone 814-949-5274
Office Address
109 Hawthorn
Office Hours M 5:30 PM – 07:00 PM 109 HAWTHORN / F 3:00 PM – 4:00 PM 109 HAWTHORN / WF
11:00 AM – Noon DOWNTOWN AA SHTZ CTR
E-mail
w7e@psu.edu
Location
140 Hawthorn
Times MW 3:00 PM – 5:20 PM
Course Credits
4.0
Required Text
Financial & Managerial Accounting, 11e, by Warren, Reeve and Duchac with accompanying software called
CengageNow. The software is not an add on. It is an integral part of the course. You may purchase the book
with a license to use software. The ISBN is 111199613X. You may also purchase a license to use the software
and an e-book (electronic book). The ISBN is: 9781111738112.
Course Description
Introduction to the role of accounting numbers in the process of managing a business and in investor decision
making.
Course Prerequisites
MATH 021 or 1.5 units of high school algebra
Grading Policy
See detailed syllabus in the Lessons Tab.
Attendance Policy
Optional - See detailed syllabus in the Lessons Tab.
Exam Policy
See detailed syllabus in the Lessons Tab.
Academic Integrity
See detailed syllabus in the Lessons Tab.
Miscellaneous
For additional help contacting me, please contact my staff assistant, Ms. Jennifer Puhatch, 103 Hawthorn. Her
telephone number is 814-949-5509. Her email address is:jjp17@psu.edu.
Accounting 211.2
Spring 2012
Course Outline
Revised January 9, 2012
Date
1/9/2012
1/11/2012
1/16/2012
1/18/2012
1/23/2012
1/25/2012
1/30/2012
2/1/2012
2/6/2012
2/8/2012
2/13/2012
2/15/2012
2/20/2012
2/22/2012
2/27/2012
2/29/2012
3/5/2012
3/7/2012
3/12/2012
3/14/2012
3/19/2012
3/21/2012
3/26/2012
Activity
Discuss course policies. Course overview. Begin discussing Chapter 01.
Finish discussing Chapter 01. Start discussing Chapter 02.
No class. Happy MLK Day.
Finish discussing Chapter 02.
Discuss Chapter 03. HW from Chapter 01 due. Qiuiz # 01.
Begin discussing Chapter 04. HW from Chapter 02 due. Quiz # 02.
Finish discussing Ch 04. HW from Chapter 03 due. Quiz # 03.
Begin discussing Chapter 05.
Finish discussing Chapter 05. HW from Chapter 04 due. Quiz # 04.
Discuss Chapter 06. HW from Chapter 05 due. Discuss EX14-03. Quiz # 05.
No class. Instructor will be away.
Discuss Chapter 07. HW from Chapter 06 due.
Exam 01, Chapters 01 - 05. Discuss Chapter 08.
Begin discussing Chapter 09.
Finish discussing Chapter 09. HW from Chapters 07 & 08 due.
Begin discussing Chapter 11.
No class. Happy Spring Break.
No class. Happy Spring Break.
Finish discussing Chapter 11. HW from Chapter 09 due.
Discuss Chapter 12.
Begin discussing Chapter 15. HW from Chapters 11 & 12 due.
Finish discussing Chapter 15.
Discuss Chapter 16. Begin discussing Chapters 19 and 20. HW from Chapter
15 due.
Day
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
Wed
Mon
3/28/2012 Discuss Chapter 17.
4/2/2012 Exam 02, Chapters 06, 07, 08, 09, 11, 12, & 15. Continue discussing Chapters
19 and 20.
Wed
Mon
4/4/2012 Finish discussing Chapters 19 and 20. HW from Chapters 16 & 17 due.
Discuss EX16-2, EX16-4 (For Ex 16-04 also state DM, DL, FO, selling, or
admin).
4/9/2012 Discuss Chapter 21. HW from Chapters 19 & 20 due.
4/11/2012 Exam 03, Chapters 16, 17, 19 and 20.
4/16/2012 Discuss the Time Value of Money. Begin discussing Chapter 25. HW from
Chapter 21 due.
Wed
4/18/2012
4/23/2012
4/25/2012
5/2/2012
Wed
Mon
Wed
Wed
Finish discussing Chapter 25.
Discuss Chapter 24.
HW from Chapters 24 & 25 due.
Final Exam. (1:00P-2:50P/140 HAWTHRN). Chapters 21, 24, & 25 with a
comprehensive element.
Mon
Wed
Mon
Grade Determination
The course assignments will consist of 4 exams and 5 quizzes and a variety of homework assignments in
CengageNow. Each exam will count for 20% of the total grade. The 4 Quizzes with the highest scores will be
averaged and will count for 5% of the total grade. Cengage Now assignments will count for 15% of the total
grade.
The final average of all assignments will be adjusted for attendance points. (See attendance policy below.) The
final adjusted average will be used to determine the final grade in the course.
Assignment
Exam 1
Exam 2
Exam 3
Exam 4
Quizes 01 – 05
Cengage Now (HW)
Total
Weight
20.00%
20.00%
20.00%
20.00%
5.00%
15.00%
Final Average Grade
93 +
A
90 – 92
A87 – 89
B+
83 – 86
B
80 – 82
B77 – 79
C+
70 – 76
C
100.00% 60 – 69
D
Below 60
F
Class Cancellation
I seldom cancel classes unless the classes are canceled at the beginning of the semester and noted in the
syllabus. If I have access to the Internet and if class cancellation becomes necessary, I will use the on-line class
cancellation system to notify students. Use the URL below to view classes that have been cancelled:
http://www.aa.psu.edu/now/cancel.asp
Also, if I have access to the Internet and if class cancellation becomes necessary, I will use ANGEL to send an
email message to all members of the class. If you do not check ANGEL mail regularly, you may forward your
ANGEL mail to another email address. Use the online documentation included in ANGEL’s Help and
Information Guide to learn how to forward your ANGEL mail to another email address.
Optional Attendance Policy
Class attendance is not required but is highly encouraged. Students with excused absences may make up
missed assignments at 6:00 PM on the first Friday that is more than 7 days after the missed assignment. Only
one opportunity to make-up an assignment will be given.
Your instructor, will take attendance every class period. You may, if you wish, be covered by an
attendance policy. You will not be covered by the attendance policy unless you actively choose to be covered,
acknowledging your participation with your signature. You may opt to participate to until the end of the first
class following the end of the add period at the beginning of a semester, a period of about 10 days.
Statement on Academic Integrity
Academic Integrity Definition and Expectations: Academic integrity is the pursuit of scholarly activity in an
open, honest and responsible manner. Academic integrity is a basic guiding principle for all academic activity
at The Pennsylvania State University, and all members of the University community are expected to act in
accordance with this principle. Consistent with this expectation, the University's Code of Conduct states that all
students should act with personal integrity, respect other students' dignity, rights and property, and help create
and maintain an environment in which all can succeed through the fruits of their efforts.
Academic integrity includes a commitment not to engage in or tolerate acts of falsification, misrepresentation or
deception. Such acts of dishonesty violate the fundamental ethical principles of the University community and
compromise the worth of work completed by others.
Consequences of academic dishonesty: The instructor may assign an academic sanction ranging from failure
on the assignment to failure in the course. The instructor reports each academic sanction to the Office of
Judicial Affairs, which keeps a record. Students can appeal academic sanctions to the Committee on Academic
Integrity through the Office of Academic Affairs. In more serious cases of academic dishonesty, the Office of
Judicial Affairs may apply disciplinary sanctions in addition to the academic sanctions. These may range from
automatic failure for the course to probation, suspension or expulsion from the University. An "XF" grade is a
formal University disciplinary sanction that indicates on the student's transcript that failure in a course was due
to a serious act of academic dishonesty. (Policies and Rules for Students, Section 49-20.)
Statement on Electronic Devices
In the past some students have used programmable calculators as electronic cheat sheets. I reserve the right to
clear all memories at any time from any programmable calculator used during an exam. If you have programs
in your calculator that you do not wish to have removed, do not use the calculator during exams. No other
electronic devices (cell phones, PDAs, etc.) are to be visible during any quiz or exam. If the instructor sees any
electronic device during a quiz or exam, the student possessing the device is deemed to have committed an act
of academic dishonesty.
Accounting 211
Homework Problems
Revised: January 10, 2012
Chapter
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Problems
EX01-06, EX01-16, EX01-17, EX01-20, ANGEL: PR1-4A (For this problem, also
compute the
debt ratio and equity ratio.)
EX02-06, EX02-04, ANGEL: PR2-3A (also prepare statements of income and
retained
earnings and balance sheet)
EX03-01, PR3-1A, PR3-3A, ANGEL: Problem that calculates depreciation,
interest & bad debts
EX04-14, ANGEL: PR4-3A, Cromwell problem (Review),
ANGEL: PR5-5A, PR5-1A (Also compute debt & equity ratios, working capital,
current ratio &
quick ratio, Cash flow problem. Merchandise Inventory Practice Problem
Involving Units.
DISCUSSION: EX14-3 (p. 675. Also ndicate inflow or outflow.)
EX06-09, EX06-10, EX06-11, ANGEL problem on LOCM
PR7-3A, PR7-4A
EX08-06, EX08-11, EX08-12, EX08-013, Bad debts Practice Problem. [Skip in
Summer.]
EX09-03, PR09-2A, EX9-17, EX9-19, EX9-20
Skip
Ex11-08, EX11-09, EX11-16. ANGEL: EX11-12 (Do only a portion of part a.
Journalize
the transaction of June 19 only.)
ANGEL problem on Bonds Payable.
Skip
Skip
PR12-1A, (financing a 200,000,000 corporation), PR15-1A, PR15-2A, PR15-4A
EX16-9. DISCUSSION: EX16-2, EX16-4 (Also state DM, DL, FO, selling, or
admin),
Ex17-11, EX17-13, ANGEL problem on job costing
Skip
EX19-09, EX19-11, EX19-21. ANGEL problems.
Covered in ANGEL problem for chapter 19.
EX21-6, EX21-18 (Also prepare accts receivable budget), EX21-20
Skip
Skip
EX24-3, EX24-4, EX24-6, EX24-7, EX24-13, EX24-14, EX24-11, EX24-12,
EX24-21, EX24-22
EX12-22, EX25-14, EX25-16, ANGEL problems.
Skip
Skip