ACCOUNTING 201
FINANCIAL ACCOUNTING
BLENDED COURSE – PARTIAL ONLINE AND PARTIAL CLASSROOM
PLEASE NOTE THE ATTACHED CLASS SCHEDULE
TUESDAYS AND/OR THURSDAYS 5:30 PM – 7:45 PM
CARSON CAMPUS
SYLLABUS: SPRING 2016
(TENTATIVE - SUBJECT TO CHANGE)
Instructor:
Vivian Austin MSA, CPA
Phone: 342-9223
Email: vivian.austin@wnc.edu
Office Hours: By appointment only
Prerequisite:
None.
Class Cancellation/Changes: www.wnc.edu
Click “Canceled Classes for Today” link on
homepage – Inclement weather: 445-3000
ACC 135B recommended.
Required Materials:
1. Kimmel, Weygandt, & Kieso, ACCOUNTING: TOOLS FOR BUSINESS DECISION
MAKING with WILEYPLUS, Fifth Edition, John Wiley & Sons, Inc. 2011.
If you purchase a used textbook, you will have to purchase the WileyPlus access separately. You
must have an access code which allows you to access the WileyPlus website.
2. Calculator (not cell phone), Pencil (#2 or darker lead), Eraser.
Course Description:
This course introduces the basic principles of financial accounting for business
enterprises, with special emphasis on accounting for corporations. It includes theory of debit and
credit, accounting cycle, receivables, depreciation, inventory, long-term debt, corporate capital,
and preparation of basic financial statements.
Purpose of the Course:
1. To provide information in the areas of Economics and Accounting that is vital to all
those who are to participate in the business world.
2. To develop an understanding and appreciation of accounting principles and practices
for general, vocational and professional purposes.
3. To provide detailed information on specialized areas of the balance sheet and income
statement.
Dropping the Class:
Please refer to the Academic calendar for drop dates and associated refunds. It is the
student’s responsibility to officially withdraw from class. Students who have not officially
withdrawn will be assigned the letter grade earned (A through F). “F” grades will be
assigned to students who do not meet the “incomplete” requirements and who do not
withdraw from the class.
Tutoring:
The Academic Skills Center, located in the Bristlecone Building Room 330, will have
free tutoring available to accounting students. Call 445-4260 or visit the Academic Skills Center
for more information. Additional reference material is available in the WNC library.
Grading:
Four examinations (100 points each)
11 quizzes (10 points each, lowest 1 dropped)
Homework (WileyPlus)
Exercises (Canvas)
Total
Letter grade scale:
A = 558 to 600 points
A- = 540 to 557 points
B+ = 522 to 539 points
B = 498 to 521 points
B- = 480 to 497 points
C+ = 462 to 479 points
C = 438 to 461 points
C- = 420 to 437 points
D+ = 402 to 419 points
D = 378 to 401 points
D- = 360 to 377 points
F = 0 to 359 points
400 points
100 points
50 points
50 points
600 points
(93% to 100%)
(90% to 92.9%)
(87% to 89.9%)
(83% to 86.9%)
(80% to 82.9%)
(77% to 79.9%)
(73% to 76.9%)
(70% to 72.9%)
(67% to 69.9%)
(63% to 66.9%)
(60% to 62.9%)
( 0% to 59.9%)
The instructor reserves the right to lower the above scale but not to increase the above scale.
Students are responsible for recording and maintaining their own points.
PLEASE NOTE: MID-TERM GRADING: If Mid-Term grades must be assigned, they are
generally required to be submitted too early in the semester for complete accuracy. Thus, a “C”
grade will be assigned to students who are passing and an “F” grade will be assigned to students
who are either failing, are marginal or who, if continuing to perform in the same manner, are
earning a failing grade. Those students assigned an “F” grade will be contacted by counselors.
Examinations:
Four examinations will be given during the semester worth 100 points each, with an
additional extra credit problem worth 10 points. They will consist of true/false, multiple choice
questions and problems. The exams may cover all information and text material assigned,
whether or not explicitly covered in class.
Exams submitted after the due date and time will have an automatic 25 points deducted
from the score, with the exception of the final exam. DUE TO TIME CONSTRAINTS TO
SUBMIT GRADES, NO LATE FINAL EXAMS WILL BE ACCEPTED.
The instructor will make every attempt to grade the exams expeditiously and review the
results with the class, if requested during the next class meeting after the exam.
Due to the software limitations of Canvas, students are encouraged to print a hard
copy of the exams, complete them offline and then enter the answers into Canvas. Exam
scores of students who do this have been historically higher.
Academic Integrity and Student Conduct:
Student conduct shall conform to the standards of conduct as set forth in the Western
Nevada College Catalog. Cheating in any form or manner shall result in and automatic grade of
“F” for the semester
Homework:
Homework should be completed using the Wiley Plus homework management system
which comes free with a new textbook purchase and is due on the dates indicated. AGAIN, if
you purchase a used textbook, you must purchase the WileyPlus access separately. This access
code allows use of the WileyPlus application. The system formats all the homework for you and
gives you helpful hints as you attempt each problem. It also gives you immediate feedback on
whether or not your homework is correct. You will have 5 attempts to get the homework correct
before answers can be accessed. Homework is graded on EFFORT.
Since the WileyPlus software provides solutions to the homework, we will not review
homework in class unless a student had difficulty understanding the solution.
The appropriate text chapters should be read carefully and in full before attempting the
assignments. Students are expected to work through all of the assigned problems prior to
class and to participate in class discussions.
Please note that the textbook and the software offer more exercises and problems at the
end of each chapter than will be assigned. The assigned problems are the minimum which
should be completed to ensure an understanding of the material. If a student is not fully
comfortable with the material after doing the assigned problems, working additional exercises or
problems is recommended.
Working homework problems with other students is encouraged. However, each student
must be logged in to their own account in order to receive credit. Homework must be completed
prior to each exam. For example, prior to Exam 1, the homework for Chapters 1, 2 and 3 must
be completed in order to receive credit.
See the accompanying assignment schedule for class, homework and exam schedules.
This schedule should be maintained by the student at all times and brought to
each scheduled class. Fewer classes are scheduled, as this class is a blended inclass and online format.
Disability Services:
Western Nevada College supports providing equal access for students with disabilities.
Any student with a disability should contact the Disability Support Services Office (Cedar 209)
to arrange for appropriate accommodations. Susan Trist (DSS Coordinator) is available to
discuss appropriate academic accommodations students may require. Please contact Susan Trist
(775) 445-4459 or susan.trist@wnc.edu at your earliest convenience.
The Disability Support Assistant is Rachel Endel, Cedar 210. Her contact information is
as follows: Rachel.endel@wnc.edu Phone: (775) 445-4402
Fax: (775) 445-3150
Attire:
Accounting is a business class and, as such, students should be aware that business
clothing is the most appropriate attire in the workplace. However, since the class is scheduled
after work, more casual attire will be acceptable. In the classroom, pajamas and/or hats are not
appropriate and torsos should not be visible.
Quizzes:
Eleven (11) quizzes, worth 10 points each, are assigned during the semester, the lowest
grade dropped. Students will be given two attempts in Canvas at the quizzes, the higher of two
scores will be assigned.
Problems, if appearing on quizzes and exams, must show computations to receive partial
credit. If computations are not shown, no partial credit will be awarded.
Attendance, Class Participation and Cell Phone Policy:
Attendance:
Because the course is available online, attendance is not mandatory. Students who are
satisfied with their performance online are not required to attend classes. However, feedback
from students taking this course was instrumental in its design. Most students can adequately
learn the course content only if attending class on a regular basis. Since the course covers a
variety of accounting concepts, attending class may prove very beneficial, as face-to-face
instruction provides more illustration and explanation than the text. The instructor will monitor
students’ progress and will encourage students who should attend class to do so.
Class Participation:
Students are encouraged to ask questions and participate in class discussion and may
be called upon to answer questions in class.
Classroom norm will be as follows:
1.
Homework questions will be answered for only those students who have
attempted the homework in Wiley and continue to have difficulty understanding.
2.
Exercises will be reviewed in class. Hard copies of the exercises for each chapter
will be available in class, as well as in Canvas. Similar to homework, these exercises
will be graded on the amount of effort expended. For those students who will not be
attending class regularly, the exercises in Canvas provide evidence of class
participation.
3.
Time permitting only – Lecture on important concepts discussed in the next
chapter.
Additionally, an in-class review of the chapters to be covered in Exams 1, 2 and 3 has been
scheduled for the Thursdays prior to the due dates of each exam. The review for Exam 4 (final)
has been scheduled for the Tuesday prior to the due date.
Cell Phones and Other Electronic Devices:
Cell phones and other electronic devices should be turned off when in class, unless an
emergency situation is anticipated, such as a relative who may be in the hospital. In those
instances, please put the phone on “vibrate” and leave the room to talk. Any other use of cell
phones or other electronic devices in class will result in a 50 point penalty.
Miscellaneous:
1.
Technical Issues: You are expected to have some computer skills and be able to
successfully navigate through Canvas and WileyPlus. This will be required in order
to complete many of the assignments in this course. Should you have any technical
difficulties with Canvas they can usually be resolved by going to the following site:
http://www.wnc.edu/wnconline/
Click on the “Tutorials and Help”
2.
Netiquette rules: Although not required, I highly encourage you to interact with both
your fellow classmates and me throughout the semester. When using the discussion forum,
emails or any other form of communication in this course, you are expected to treat your fellow
classmates (and instructor) with the same respect and courtesy that you, yourself, would like to
be treated.
UNLAWFUL ACTS
NRS 396.970: Surreptitious electronic surveillance on campus; exceptions.
1. Except as otherwise provided in subsection 2, it is unlawful for a person to engage in any kind
of surreptitious electronic surveillance on a campus of the System without the knowledge of the
person being observed.
2. Subsection 1 does not apply to any electronic surveillance:
(a) Authorized by a court order issued to a public officer, based upon a showing of probable cause
to believe that criminal activity is occurring on the property under surveillance;
(b) By a law enforcement agency pursuant to a criminal investigation;
(c) Which is necessary as part of a system of security used to protect and ensure the safety of
persons on the campus; or
(d) Of a class or laboratory when authorized by the teacher of the class or laboratory.
(Added to NRS by 1993, 2138)
ACCOUNTING 201
FINANCIAL ACCOUNTING
CLASS SCHEDULE SPRING 2016
(TENTATIVE - SUBJECT TO CHANGE)
Day
Date
Lecture
Chapter
Topic
Assignment Due
TU
JAN 26
Syllabus
1
Introduction – Syllabus
Introduction to Financial
Statements
A Further Look at Financial
Statements
The Accounting Information
System
Chapters 1, 2 and 3
Start Exercise
Chap 1
Homework Chap 1
Exercise Chap 1
Homework Chap 2
Exercise Chap 2
Homework Chap 3
Exercise Chap 3
Review
Exercises Chaps
1,2 and 3
TH
JAN 28
2
TU
FEB 2
3
TH
FEB 4
Review
TU
FEB 9
Class by
request
only
Students who wish extra help
may attend class. Must
Notify by phone or email prior
to 4:00 pm.
vaustincpa@yahoo.com
TH
FEB 11
Review for
Exam 1
Chapters 1, 2 and 3
Due Date for Exam 1:
Sunday, Feb 14
Exercise-Review
for Exam 1
TU
FEB 16
4
Accrual Accounting Concepts
Exercise Chap 4
TH
FEB 18
5
Merchandising Operations and the
Multiple-Step Income Statement
Complete
Exercise
Homework
Exercise
Homework
Complete
Exercise
TU
TH
FEB 23
FEB 25
5 & 6
6 Continued
Merchandising
Multiple-Step
Reporting and
Inventory
Reporting and
Inventory
Operations and the
Income Statement
Analyzing
Analyzing
Chap
Chap
Chap
Chap
4
4
5
5
Chap 5
Homework Chap 6
Exercise Chap 6
TU
MAR 1
Class by
request
only
Students who wish extra help
may attend class. Must
Notify by phone or email prior
to 4:00 pm.
vaustincpa@yahoo.com
Review
Exercises Chaps
4, 5 and 6
TH
MAR 3
Review for
Exam 2
Chapters 4, 5 and 6
Due Date for Exam 2:
Sunday, Mar 6
Exercise-Review
for Exam 2
TU
MAR 8
7
Fraud, Internal Control and Cash
Exercise Chap 7
TH
MAR 10
7
Appendix D
Fraud, Internal Control and Cash
Time Value of Money
Homework
Complete
Exercise
Appendix
Exercise
Appendix
TU
MAR 15
Appendix D
Appendix E
Time Value of Money
Reporting and Analyzing
Investments
Chap 7
Chap 7
D
E
TH
MAR 17
8
Reporting and Analyzing
Receivables
Homework
Appendix D
Homework
Appendix E
Exercise
Appendices D
and E
TU
MAR 22
NO CLASS
SPRING BREAK
TH
MAR 24
NO CLASS
SPRING BREAK
TU
MAR 29
9
Reporting and Analyzing LongLived (fixed) assets
Homework Chap 8
Exercise Chap 8
TH
MAR 31
Review
Chapters 7, 8 and 9
Homework Chap 9
Exercise Chap 9
TU
APR 5
Class by
request
only
Students who wish extra help
may attend class. Must
Notify by phone or email prior
to 4:00 pm.
vaustincpa@yahoo.com
Review
Exercises Chaps
7, 8 and 9
TH
APR 7
Review for
Exam 3
Chapters 7, 8 and 9
Due Date for Exam 3:
Sunday, April 10
Exercise-Review
for Exam 3
TU
APR 12
10
Reporting and Analyzing
Liabilities (Skip App 10B)
Exercise Chap
10
TH
APR 14
10
Reporting and Analyzing
Liabilities (Skip App 10B)
Homework Chap
10
Exercise Chap
10
TU
APR 19
11
Reporting and Analyzing
Stockholders’ Equity
(Appendix A only)
Reporting and Analyzing
Stockholders’ Equity
(Appendix A only)
TH
APR 21
11
TU
TH
TU
TH
TU
APR
APR
MAY
MAY
MAY
26
28
3
5
10
NO
NO
NO
NO
NO
TH
May 12
12
Statement of Cash Flows
TU
MAY 17
Review for
Exam 4
Chapters 10, 11 and 12
Due Date for Exam 4:
Saturday, May 21
CLASS
CLASS
CLASS
CLASS
CLASS
NO
NO
NO
NO
NO
CLASS
CLASS
CLASS
CLASS
CLASS
–
–
–
–
–
ONLINE
ONLINE
ONLINE
ONLINE
ONLINE
Exercise Chap
11
Homework Chap
11
Exercise Chap
11
ONLY
ONLY
ONLY
ONLY
ONLY
Exercise Chap
12
Exercise –
Review for Exam
4