ACCT 2101
PRINCIPLES OF ACCOUNTING I
SPRING SEMESTER 2011
Class Times: Tuesdays and Thursdays 11:00/12:30/2:00
Class Location: Brooks Hall 145
Instructor:
Office Location:
Email:
Office Hours:
Swati Bhandarkar (Bhan)
Brooks Hall Room 244
sbhan@terry.uga.edu
Tuesdays and Thursdays: 3:20 until 5:20
Note: Office hours during week of midterms will be announced in class and on eLC.
Teaching Assistants: Mark Feeley
Kendall Green
Jessie Hamilton
Sean Nolan
Email to reach all TAs:
acct2101@uga.edu
All TA office hours will be held in Room 219 Brooks Hall. You can see ANY 2101 TA during their office
hours.
Office Hours are not to be used as a substitute for attending class. They can be used to clarify or reinforce
material covered in class.
The syllabus and accompanying course schedule are a general plan for the course; deviations, may be
necessary, and if made will be announced on eLC and/ or in class.
REQUIRED PRE-REQUISITE OR CO-REQUISITE COURSES: None
DUPLICATE CREDIT STATEMENT: The course will not be open to students who have credit in ACCT
1120H and/or ACCT 2101H
COURSE DESCRIPTION:
Basic accounting systems, concepts, and principles. The primary goals of this course are to develop an
understanding of the accounting process and to summarize and communicate information useful in making
economic decisions.
COURSE OBJECTIVES/EXPECTED LEARNING OUTCOMES:
This is the first course in Principles of Accounting and it will cover the basic concepts and principles underlying
accounting systems. The primary goals of the course are to:
 Develop an understanding of the accounting process and summarize and communicate information useful in
making economic decisions.
 Familiarize students with the preparation, analysis, and interpretation of financial statements.
The knowledge and skills you will develop in this class will be useful for ALL business disciplines. Accounting
will play a very important role in your professional life, whether your future career goals relate to Finance,
Marketing, Management or any other area of business. Accounting is the common language of business, and
hence is a required course in every business school.
TOPICAL OUTLINE:
1.
Introducing Accounting in Business
2.
Analyzing and Recording Business Transactions
3.
Adjusting Accounts and Preparing Financial Statements
4.
Reporting and Analyzing Cash Flows
5.
Reporting and Analyzing Merchandising Operations
6.
Reporting and Analyzing Inventories
7.
Reporting and Analyzing Receivables
8.
Reporting and Analyzing Current Liabilities
9.
Reporting and Analyzing Long-Term Assets
10.
Reporting and Analyzing Long Term Liabilities
11.
Reporting and Analyzing Equity
REQUIRED TEXTBOOK:
Custom version of Financial Accounting, Information for Decisions, 5e, by John J. Wild. Copyright 2011,
McGraw-Hill Irwin, www.mhhe.com/wildFA5e . ISBN: 9780390306913 is available at the UGA bookstore or
the complete text ISBN:978-07-352701-7.
COURSE WEBSITE: http://elc.uga.edu.
This course uses eLC extensively. You need to familiarize yourself with the course website as soon as possible. All
class notes, handouts, homework solutions and other information will be posted on the course website which is
organized by chapter. You can access this website using your UGA MyID. You can also view your grades by
accessing eLC. As such, you are expected to have access to a computer with a reliable internet connection. You
are responsible for staying informed about all important announcements for this class that are posted on the
eLC website. It is imperative that you access this website regularly.
There is also a Discussion Board in eLC which you can use to post questions or exchange ideas related to ACCT
2101. All irrelevant, inappropriate and/or non-ACCT 2101 related postings and solicitations of ANY kind
will be deleted.
CLASS NOTES:
Class notes for every chapter will be posted on eLC. These notes are just outlines of the material for the chapter
and therefore cannot be a substitute for attending class. The class notes will have important information missing;
information that will be covered in class only. I recommend you print out the class notes before you come to class;
so you do not have to copy down everything since there will not be adequate class time for you to do so. The class
notes are in the form of PowerPoint slides and there may also be Excel spreadsheets for some chapters. Thus, you
will need to use a computer which has Microsoft PowerPoint software as well as Microsoft Excel software. I will
also post practice questions for each chapter (previous semesters’ quizzes) which you can use as a study aid.
Please note that test questions will not be verbatim copies of these practice questions. They should be used
only as a study tool that serves as an indicator about your understanding of the material.
GRADE DETERMINATION:
Your final course grade will be calculated as follows:
Letter Grade Distribution:
Midterm Exam 1 (Chapters 1-3):
20%
A 92.5% & above A- 88.5% to 92.4%
Midterm Exam 2 (Chapters 4-6):
25%
B+ 85.5% to 88.4% B 82.5% to 85.4%
Midterm Exam 3 (Chapters 7-9):
25%
B- 78.5% to 82.4% C+ 75.5% to 78.4%
Final Exam (Chapters 10-12 and 1-3) 30%
C 72.5% to 75.4% C- 68.5% to 72.4%
Total
100%
D 59.5% to 68.4% F 59.4% & below
Grades in the course have to be “earned” and are not given by the instructor. There are no EXTRA
CREDIT opportunities to improve your grades.
WITHDRAWAL POLICY:
A student, who withdraws from the course before the Midpoint Withdrawal Deadline (Thursday, March 24)
will be awarded a “WP” regardless of his/her performance in the class until that point. Per UGA policy, a student
who withdraws after the Midpoint Withdrawal deadline is awarded a “WF” regardless of his/her performance
during the semester. All course withdrawals are processed through OASIS. Per new UGA policy, for
undergraduate students, there is now a limit of four (4) career withdrawals at UGA before all subsequent
withdrawals receive an automatic grade of WF (Withdrawal Failing). The count will begin Fall 2008 regardless of
when a student matriculated and of any withdrawals in previous terms. All withdrawals are included in the count
except: Hardship Withdrawals, Withdrawals from Audited Courses, and Military Withdrawals.
INCOMPLETE POLICY:
UGA policy states that a grade of Incomplete (“I”) should be assigned to a student only if a student is doing
satisfactory work, but for non-academic reasons beyond the student's control, is unable to fulfill the requirements
of the course. Under such circumstances, the instructor has the option of assigning the student the grade “I,”
indicating that the student's final grade is Incomplete. The policy in the J.M. Tull School of Accounting is that
the student MUST complete all the requirements for the course in the following session or the "I" will
automatically be changed to an "F." A qualifying student who wishes to exercise this grading option must sign
an Incomplete Policy Agreement that may be obtained from the Accounting Office in Room 255 Brooks Hall.
CLASSROOM ETIQUETTE:
College education prepares you for a professional career. Whatever career path you choose; Accounting,
Marketing, Finance etc., professional behavior will be expected of you at all times. As such, you are required to
adhere to the classroom etiquette outlined below.
1. You are expected to attend class on time. However, if you are running late on a particular day, you are
expected to enter the classroom using the rear entrance, without causing any disruption to the instructor or
your classmates.
2. If you choose to come to class, you are expected to stay the entire time. Entries and departures during the
lecture are disruptive both to the instructor and to your classmates. In case you need to leave class early on
a particular date, prior approval from the instructor is required.
3. Due to past abuses made by your peers, electronic devices (except for a simple handheld calculator)
are not permitted in the classroom. The list of disallowed items includes, Laptops, Cell phones, iPods,
iPads, PDAs, BlackBerrys etc.
4. While in class, you are expected to give the lecture your complete attention. Conversations with classmates
or naps while in class will not serve the purpose of performing successfully in the course. Any student
found to be violating this policy will be asked to leave the classroom.
5. Respectful behavior towards your classmates, Teaching Assistants and Instructor is required at all times.
EXAMINATIONS:
All examinations are mandatory. The three Midterm examinations and Final Exam will consist of multiple
choice questions which may be both conceptual and computational. You will not be tested on material that has not
been covered in class. However, the questions on the examinations will not be verbatim copies of problems
solved in class. Rather, the questions on the examination will entail analysis and application of the concepts and
principles covered in class. The answer key to the exam will explicitly state where the concept tested was covered
in the course. The midterm exams will be administered from 7:00 pm to 9:00 pm on the scheduled dates listed on
the attached Assignment Schedule. If you have a class conflict with any of the exam dates you need to inform me
of this within the first two weeks of class and turn in your Spring Semester schedule printed through OASIS. The
Final Exam is scheduled by the University and will be given from 7:00 pm to 10:00 pm on Wednesday May 4,
2011. Students with schedule conflicts for the Final Exam, per UGA Policy, will be given an alternative Final on
Tuesday, May 3, 2011, time and location to be announced. In order to be able to take the alternative Final exam,
you must provide me a Spring Semester Schedule printed through OASIS, which shows the courses that you are
enrolled in and the exams dates for those courses. This information should be provided to me no later than two
weeks before the Final Exam. See www.curriculumsystems.uga.edu for more information.
EXAMINATION POLICIES:
1. YOU MUST BRING YOUR UGA PHOTO I.D. IN ORDER TO TAKE THE EXAMINATION- 810
numbers required. THERE ARE NO EXCEPTIONS TO THIS.
2. No student will be allowed to sit for the examination 15 minutes after the start of the examination.
3. Cell Phones and all other electronic devices (excluding permissible calculators) have to be turned off
completely and be put away during the examination. Students are not allowed to use cell phones/any
other electronic devices (excluding permissible calculators) while in the examination hall under any
circumstances. Anyone found to have violated this policy will be reported to the Office of the VicePresident for Instruction for having violated UGA policy and procedures on academic dishonesty.
4. Exams will be multiple choice questions and answers will have to be bubbled in on a scantron.
Scantrons will be provided. If student information is not filled out correctly on the scantron, your
test will not be graded or 10 points will be taken off at the instructor’s discretion.
5. Each student will have a pre-numbered exam. You need to remember your exam number.
6. THE SCANTRON WILL BE THE FINAL JUDGE AND JURY (NO EXCEPTIONS). Therefore,
students should record their answers carefully. NO MISGRADING REQUESTS WILL BE
CONSIDERED.
7. When turning in the exam, each student will have to present their ID and sign in their name on a sign in
sheet. There are no exceptions to this policy. Students are not permitted to have conversations with
classmates while waiting in line to turn in their examination. Any student in violation of this policy
will be deemed to have violated the academic honesty policy.
8. Exams cannot be taken apart.
9. No outside scratch paper can be used. You can do all your work on the test itself.
10. Proctors will not answer any questions related to the test. If you have any issues related to any questions,
you can write a note on the front or back of the test as space permits.
11. Book bags, books and other items have to be kept under the seat or in the front of the examination hall. The
only items allowed on the desk will be the test, pencil, erasers, pencil sharpener and permissible
calculators.
12. After the examination has started, no one will be allowed to leave the examination room without submitting
their completed examination. Be sure to attend to your personal needs before the exam.
13. Only Basic 5-function calculators are permitted. Cell phones/other electronic devices cannot be used
as calculators. Calculators are NOT to be shared during exams and quizzes. You will not be allowed to
use a programmable calculator in any of the quiz/examinations. Any student found using a
programmable calculator/other electronic device during quiz/exams will be considered to have used
unauthorized material to complete an assignment. The student will be reported to the Office of the
Vice-President for Instruction for having violated UGA policy and procedures on academic
dishonesty.
14. The instructor/proctor reserves the right to assign seating during examinations.
15. Students can review their exams by signing up for a 10 minute time slot during the instructors /TA’s office
hours. All Test reviews will be in Room 244 Brooks Hall. Sign up sheets will be available during class.
You should mark your answers on the actual test if you wish to see the questions you missed, as scantrons
will not be available for review. You are not permitted to copy down any items from the test/answer
key/other test material.
16. The School of Accounting has a CLOSED EXAM POLICY. As a result, all exams remain the property
of the School. Students may not keep or photocopy exams or copy down any items from the test/answer
key/other test material. Any student found to have violated the policy will receive an “F” in the class
and will be reported to the Office of the Vice-President for Instruction for having violated UGA
policy and procedures on academic dishonesty.
NOTE: All instances of academic dishonesty will be reported to the Office of the Vice-President for
Instruction and the student will receive an ‘F’ in the course.
MAKE UP EXAMINATION POLICY:
All examinations are mandatory. Missing an exam will result in a score of zero for that exam. However, if
you miss an exam due to extenuating circumstances such as a serious illness requiring medical care(documentation from physician is required and should clearly state that you should be excused from the exam on the
specified day on account of your health), you may be approved to take a make-up exam. Job interviews, travel plans,
and non-university sponsored activities will not be considered acceptable excuses for missing a midterm exam.
You must provide me the relevant documentation upon missing a scheduled examination PRIOR TO OR
WITHIN THREE DAYS of the missed examination in order to be approved for taking the make-up
examination. The instructor reserves the right to verify the authenticity of the supplied documentation.
There are no make-ups for a missed make-up exam and the student will automatically receive a zero for
that exam.
Only if the necessary documentation is provided to me as stated above, the make-up examination policy is as
follows:
1. For Midterm Exam 1: There is no make-up examination and the weight of Midterm Exam 1 will be added to
the Final Exam. Hence, the Final exam will account for 50% of the course grade.
2 For Midterm Exam 2 and 3: A make up exam will be given on Tuesday, May 3, 2011, time and location to be
announced. The Instructor’s prior approval is required before you can appear for a make-up examination.
UNIVERSITY HONOR CODE AND ACADEMIC HONESTY POLICY:
As a University of Georgia student, you have agreed to abide by the University’s Academic Honesty policy,
“A Culture of Honesty,” and the Student Honor Code. All academic work must meet the standards
described in “A Culture of Honesty” found at www.uga.edu/honesty. Lack of knowledge of the academic
honesty policy is not a reasonable explanation for a violation. Questions related to the course assignments
and the academic honesty policy should be directed to the instructor.
All academic work submitted in this course must be your own, unless you have received my permission to
collaborate and have properly acknowledged receiving assistance. It is my responsibility to uphold the
University’s academic honesty policy and report any instance or suspicion of dishonesty to the Office of the
Vice President for Instruction. The minimum penalty for academic dishonesty is an “F” in the course.
ATTENDANCE:
Regular attendance is essential to perform successfully in this course. Attendance may be taken randomly during
class and may be used in grade determination. In addition, all items mentioned in class, (ACCT 2101 and non
ACCT 2101 related, have a potential on being tested on the exams. You should attend the section you have
registered for, in order to have your attendance accounted for accurately.
COMMUNICATION:
To ensure that you get a quick response to your emails, all emails should first be sent to the teaching assistants
(TAs) at acct2101@uga.edu. I will respond only to emails forwarded to me by your TAs. If you do not receive a
response from either your TAs or me, it could be because the answer to your question is contained in this syllabus
or has previously been announced in class or posted on eLC. Please do not use eLC email to email me as I do
not check eLC email. All email communications sent to you will be to your uga email account only (unless I
am responding to an email sent by you). As such, you are required to check your uga email account.
DISABILITY RELATED ACCOMMODATIONS:
If you are registered with the Disability Resource Center, you need to turn in your paperwork to me no later than
two weeks before the scheduled exam, either after class or during my office hours so I can provide you with the
requested accommodations.
KEYS TO SUCCESS IN ACCT 2101
ACCOUNTING IS A CUMULATIVE SKILL. Each topic builds on concepts, principles, and techniques covered
previously. It is your responsibility to read text materials and attempt to complete homework assignments PRIOR
to attending class. While homework assignments will not be collected for grading, solving these is critical to
understanding the material and performing successfully on the exams. Attendance may or may not be taken during
the lecture periods on Tuesdays and Thursdays, however, you will be responsible for all the material and
announcements covered in class, including changes to the schedule, in case you have missed class. You are
encouraged to attempt additional exercises and problems at the end of each chapter, to reinforce or supplement the
homework assigned.
Performance in this course directly corresponds to regular consistent preparation and effort rather than
last minute cramming. It is important to note that it is extremely difficult to perform satisfactorily if you fall
behind. The material in ACCT 2101 gets progressively advanced and therefore the exams get progressively more
difficult as well. Efforts to study for each exam will therefore have to take this factor into consideration. It is my
sincere desire that every student is successful in this course. As such, I will put in 100% into teaching the
material to you. However, the responsibility for “learning” the material, staying current with the course and
applying consistent study effort rests entirely with you.
STUDY PLAN THROUGHOUT SEMESTER:
1. Print the PowerPoint Slides for each chapter before class (before the topic is introduced).
2. Read the chapter prior to class. You cannot expect to fully comprehend material, if it is the first time you
are listening to it.
3. Read the PowerPoint slides to be familiar with the general overview of the lecture and topics being
covered.
4. Attend class, pay complete attention, fill out the PowerPoint slides and add your own notes.
5. Read the chapter one more time to solidify information learned.
6. Prepare no more than a 2 page outline for each chapter.
7. Solve assigned end of chapter exercises and problems without looking at posted solutions until you have
completed the problems. Needing to frequently look at the answer key or material from the chapter means
that you have not understood the material. Note that it is imperative that you solve the end of chapter
exercises and problems as you cannot learn/understand accounting without the problem solving
process.
8. Solve all the practice quiz questions (as if this is your actual exam). Check your answers and ensure that
you understand the questions you missed. DO NOT STUDY THE QUIZ QUESTIONS. You will not have
the same question. It is important that you understand the question, the concept behind it and know how to
solve it.
9. IMPORTANTLY: Be proactive in your own education. Seek help during office hours in case of any
questions about the material.
STUDY TECHNIQUES FOR EXAMS:
If you have followed the above study plan regularly throughout the semester, you will not have to put in all
nighters for the exams and will simply need to review before the exam.
1. Read the PowerPoint slides in great depth and ensure that you understand all the topics therein.
2. Go through your chapter outlines.
3. Pick a few end of chapter exercises and problems for each chapter and solve them. Pick problems which are
comprehensive in nature.
4. Solve the practice quizzes(you may choose to mix up the questions from the different chapters)
5. Have a good night’s sleep and avoid too much caffeine.
NOTE: As a policy, I do not refer students to any particular tutoring service. You are free to choose any
external tutoring if you so desire. However, based on past experience, I have found that students who
use these services are exposed to the same material taught using different approaches- This can
sometimes result in confusion and poor performance on exams. Seeing TAs and me regularly in case of
any difficulty would be the recommended approach.
ACCT 2101 Principles of Accounting 1
DATE
Thursday January 13
Tuesday January 18
Thursday January 20
Tuesday January 25
Thursday January 27
Tuesday February 1
Thursday February 3
Instructor: Swati Bhandarkar
Course Schedule & Assignments
Spring 2011
TOPIC
EXERCISES(E) AND PROBLEMS All Set A(P)
E:4,8,9,13,14,15
Chapter 1
P:1,8,9
E:1,2,6,14
Chapter 2
P:1,2,4,5,6
E:1,2,3,4,6
Chapter 3
P:1,2,3(Part 3 only),5
Review for Midterm 1
Thursday, February 3
MIDTERM EXAM 1 (CHAPTERS 1-3)
7:00 PM TO 9:00 PM LOCATION TBA
Tuesday, February 8
Thursday, February 10
Chapter 4
E: 1,3,4,5,6,8,9
P:1,2,4
Tuesday, February 15
Thursday, February 17
Chapter 5
E:1,2,3,6
P:1,2,3,4
Tuesday, February 22
Thursday, February 24
Chapter 6
E: 5,8,9
P:1,3,4
Tuesday, March 1
Review for Midterm 2
Thursday, March 3
Tuesday, March 8
Thursday, March 10
MIDTERM EXAM 2 (CHAPTERS 4-6)
7:00 PM TO 9:00 PM LOCATION TBA
Chapter 7
E:3,4,8,12
P: 2,3,4,5
Tuesday, March 15
Spring Break- No Class
Thursday, March 17
Tuesday, March 22
Thursday, March 24
Chapter 8
Thursday March 24
Tuesday, March 29
Thursday, March 31
MIDPOINT WITHDRAWAL DEADLINE
Chapter 9
Tuesday, April 5
Thursday, April 14
Tuesday, April 19
E:2,3,5,6,8
P:1,2,4,5
Review for Midterm Exam 3
Tuesday, April 5
Thursday, April 7
Tuesday, April 12
E:3,6,7,8,9,11,14,16,18,20
P: 1,3,4,5,6
Chapter 10
MIDTERM EXAM 3 (CHAPTERS 7-9)
7:00 PM TO 9:00 PM LOCATION TBA
E:1,2,4,6,7,11
P:1,2,3,5
See modifications to problems posted on eLC
E:3,4,6,7,8,9,10,12
P: 2,4
Chapter 11
Thursday, April 21
Tuesday, April 26
Thursday, April 28
Tuesday, May 3
Chapter 12
E: 3,5,7,11
P:3,6
Reading Day
Wednesday May 4
FINAL EXAMINATION (Chapters 10-12 and 1-3)
7:00 PM TO 10:00 PM, LOCATION TBA
The Final Exam is scheduled by the University, and must be given during the assigned period. Procedures for handling Final Examination
Schedule Conflicts are outlined on www.curriculumsystems.uga.edu
Check http://police.uga.edu/escortservice.html for information about campus evening escort
Note: The syllabus and accompanying course schedule are a general plan for the course; deviations, may be necessary, and if made will be announced on eLC and/ or
in class. You are responsible for keeping yourself informed of all relevant announcements regarding the course, made in class or on eLC.