PRINCIPLES OF FINANCIAL ACCOUNTING 201-V84
Fall 2015
Online Course
Professional in Residence
Carol Shaver, CPA, CIA
E-Mail: cshaver@latech.edu
Office:
BUS 308
Office Hours: M/W 8:40-9:30;
10:45-2:00; 3:50-4:30
F 9:00-9:30
Office Phone: 257-3547
Cell Phone:
307-9058
Course Description
Principles of Financial Accounting is a foundation course in accounting. Accounting is an information system that collects,
organizes, classifies, and reports financial data and information to various stakeholders to support more informed decisionmaking. This course focuses on financial accounting principles as related to corporations. The accounting process begins
with an analysis of business transactions, and continues by recording changes in the five basic accounts (assets, liabilities,
equities, revenues and expenses). The preparation of financial statements (income statement, equity statement, balance
sheet and statement of cash flows) for the service and merchandising industries is an integral part of this course. The
interpretation of these reports will also be discussed. The importance of ethical accounting practices are accentuated
throughout the course.
Course Prerequisites
Enrollment in Accounting 201 requires sophomore standing. All students who intend to major in Accounting must earn at
least a “C” average in this course.
Special Accommodations
Students needing testing or classroom accommodations based on a disability are encouraged to discuss those needs with me
as soon as possible. For more information about eligibility for accommodations, contact the Department of Testing &
Disability Services at 318-257-4221 or www.latech.edu/ods.
Course Objectives
The objectives of Elementary Accounting are to develop student competencies as follows:
(1) Develop a functional knowledge of basic financial accounting principles through lecture and class discussion, a variety
of problem and case assignments, and examination questions. A functional knowledge of Principles of Accounting
will include at a minimum:
(a) the ability to recognize the impact of basic business transactions on accounts and financial statements,
(b) an understanding of the relationship between the major financial statements of a business,
(c) an awareness as to the basic forms of business organization and legal characteristics related to each,
(d) an appreciation as to the influence of information needs, technological capability, and professional judgment in an
organization’s accounting system,
(e) an understanding of the basic financial ratios and how they are interpreted to evaluate performance,
(f) and the ability to apply concepts of ethical conduct to situations likely to arise in the accounting environment
(2) Develop analytical skills through problem assignments and examinations. A variety of problem/case assignments and
examination questions require you to analyze business transactions or activities, apply text and lecture concepts to
specific sets of circumstances, and formulate appropriate responses.
(3) Develop critical thinking through problem assignments and examinations that will require you to use critical thinking
skills to apply accounting concepts and principles to various situations.
(4) Develop communication skills by reporting the results of operations and the financial condition of an enterprise in the
“language” of generally accepted accounting principles.
(5) Develop technology skills through additional assignments that require the use of excel and word-processing packages.
You will be required to retrieve class outlines and assignments using Moodle and electronic mail.
Text Requirements
Edmonds, Edmonds, McNair, Olds. Fundamental Financial Accounting Concepts, 9th Edition, (McGraw-Hill). If you
would like to purchase an online textbook, go to Connect Accounting (see Connect Accounting on next page for the
textbooks’ website.)
Supplemental Reading
Outside reading and research may be required periodically in order to facilitate learning and classroom discussion.
Written Communications
At least 10% of your grade will be determined from written communication. The purpose of this requirement is to test your
understanding of key concepts and to improve written communication skills.
My Mission
To create a learning environment so that you can master the course content and actively apply with confidence what is
learned. Falling behind is the most common cause of poor performance. You should read and study each chapter
before it is discussed in class. It would be beneficial for you to work extra problems or exercises from the text equal
to the number worked in class or assigned for homework. Doing so will allow you to gain more from the classroom
discussions and facilitate successful completion of the course.
Participation/Attendance Requirements
Attendance will be based upon your participation through the timely completion of homework, assignments, projects,
discussions and tests. The registrar’s office will be notified if you are not attending (i.e. participating).
:
Statement of Ethics and Scholastic Dishonesty
The accounting profession has a long-established reputation for its high level of ethical conduct. This reputation reaches
into the academic arena where the profession’s future leaders are being prepared. Academic dishonesty will not be
tolerated in accounting courses. Academic dishonesty includes, but is not limited to copying, sharing or obtaining
information from any unauthorized source during examinations or quizzes. It also includes copying from or unauthorized
sharing of homework assignments, attempting to take credit for the intellectual creation of another person, or falsifying
information. Any student involved in academic dishonesty will be penalized in accordance with published University rules.
Honor Code
Go to Moodle, sign and date the honor code statement online using a nice font. Upload into Moodle by mid-night,
September 16th for a 5-point bonus.
Connect Accounting
McGraw-Hill’s Connect is a web-based assignment and assessment solution required for this course. Connect is designed to
assist you with your coursework based on your needs. As outlined in this syllabus, homework assignments will make up a
portion of your overall course grade. To register in Connect, go http://connect.mheducation.com/class/c-shaver-084-3 and
click “Register Now. If you purchase a new textbook, use the access code provided in your textbook to register. If you
don’t purchase a new book, you can purchase either Connect or you can purchase Connect and the e-Textbook. After
purchasing, you will be provided an Access Code. If you have any issues while registering or using Connect, please
contact McGraw-Hill’s CARE team through http://www.mhhe.com/support. To avoid problems related to unexpected
technical issues, you are advised not to wait until the last moment to register or complete assignments. There is a free trial
period available.
Online Exam Policy
As a student in a distance learning class, you have two options for taking your exams. You may take your exam at
Louisiana Tech with the on-campus class or you may take the exam online. If you cannot attend the on campus exam, you
will be required to arrange an online proctoring session with ProctorU http://www.proctoru.com/ The window of
opportunity for taking the exam will begin 12:01 a.m. and end at 11:59 p.m. on the date scheduled for the exam. This will
give you a 24-hour time period to complete the exam. You will be responsible for scheduling your exam through this
service and for paying the fee for this service. You may schedule your exam at any time within the exam window. Your
exam will be proctored by an actual person via webcam. A one-hour exam costs $17.50 if scheduled at least 72 hours in
advance. Prior to test time, go to http://www.proctoru.com/ Under Gear Up, click on What Do You Need for Online
Proctoring to make sure you have the technology requirements for using ProctorU. A ProctorU voucher card can be
purchased at the Louisiana Tech bookstore or your payment may be made directly to ProctorU through their website.
Media Site:
http://mediasite.latech.edu/Mediasite/Catalog/Full/728431281a234a4ba6c92bea34c5d44921
Use your Moodle ID and Password to log in.
Grading System
Grading Scale: Grades based on total points using 10-point scale. (90%=A, 80%=B, 70%=C, 60%=D, Below 60%=F)
Regular Exams: There are three unit exams valued at 100 points each.
Final Exam:
The final exam is comprehensive over Chapters 1-12 and is worth 100 points.
Quizzes:
A number of 10-point quizzes will be given during the quarter. There will be no make-ups for quizzes.
The quizzes will be given online and can be found at https://www.eztestonline.com/362901/index46.tpx
The quizzes will be timed and will only be available on the following dates. All quizzes will open at 11
a.m. on the date shown and will close at 11:59 p.m. on the following day.
Quiz 1 – Chapter 1
9/14
Quiz 5 – Chapter 7
10/16
Quiz 2 – Chapter 2
9/18
Quiz 6 – Chapter 8
10/21
Quiz 3 – Chapter 4
9/30
Quiz 7 – Chapter 9
10/23
Quiz 4 – Chapter 5
10/05
Homework:
Homework assignments are due by 11:59 p.m. on the date indicated on the syllabus and can be found at
the Connect Accounting website. The points assigned each homework problem will be posted on
Connect. Late homework will not be accepted. The homework will be submitted online using Connect.
Projects:


Financial Statement Analysis – Problem 13-21A can be found online at the textbook’s website and
on Connect. Complete in Connect by midnight on Wednesday, November 04th. The assignment can
be worth up to 5 bonus points.
Monopoly Excel Assignment (50 points) – You will play monopoly and keep a journal. The journal
can be scanned and placed in Moodle. The ledger (T-Accounts) and financial statements will be
prepared in an excel spreadsheet and placed in Moodle by 11:55 p.m. on Saturday night, November
14th. You can play Monopoly with friends or you can find online Monopoly games. You should
play an entire game which should take 2 to 4 hours. This means you will have several pages of
journal entries. My on-campus students usually have 8 to 10 pages of entries.
Make-up Policy No makeup exams will be given without prior permission from me. Absolutely no makeups will be given
for missed homework, quizzes, or projects.
Moodle
The syllabus, assignment sheet and other class information will be available on Moodle. Excel assignment will be turned in
on Moodle. Test grades, quiz grades and homework grades will be posted to Moodle.
Emergency Closure of University
In the unlikely occurrence of a major natural disaster or other catastrophic event, we will continue to conduct class through
an online media. You will need to find a location where you have computer access, and we will continue with our class
through this media. You should also go to the website for the textbook www.mhhe.com/edmonds9e. Click on the Student
Edition and the chapter that we are studying. The narrated slides, the power point presentations and the study materials will
provide you with ample information until classes resume.
Study Materials
Go to the website for this textbook www.mhhe.com/edmonds9e. Click on the Student Edition and the chapter that you are
studying. The narrated slides, the power point presentations and the study materials will provide you with additional
information and practice quizzes. There is no need to purchase additional items. There is sufficient free material provided
with your textbook.
IPOD
Videos, lectures, slide shows and quizzes can be downloaded to your IPOD. Go to the textbook’s website.
Changes to Syllabus
The instructor reserves the right to make changes as necessary to this syllabus. If changes are necessitated during the term
of the course, the instructor will immediately notify you of such changes.
Affirmative Action Statement
Louisiana Tech University adheres to the equal opportunity provisions of federal and civil rights laws, and does not
discriminate on the basis of race, color, national origin, religion, age, sex, sexual orientation, marital status or disability.
Title IX Coordinator: Carrie Flournoy
Executive Assistant, Title IX & Compliance Coordinator
President’s Office, Wyly Tower 1620
Phone: (318)257-3785
Email: flournoy@latech.edu
Section 504 Coordinator: Dr. Linda Griffin
Dean of Student Development
Keeny Hall 305
Phone: (318)257-2445
Email: ajantz@latech.edu
Emergency Notification System (ENS) All Louisiana Tech students are strongly encouraged to enroll and update their
contact information in the Emergency Notification System. It takes just a few seconds to ensure you are able to receive
important text and voice alerts in the event of a campus emergency. For more information on the Emergency Notification
System, visit http://ert.latech.edu.
Accounting 201-V84 Homework Assignment Schedule
Date
09/11
Topic
An Introduction to Accounting
Chapter
Chp 1
Assignment
F
09/14
09/16
M
W
An Introduction to Accounting
Accounting for Accruals and Deferrals
Chp 1
Chp 2
09/18
F
Accounting for Accruals and Deferrals
Chp 2
OL Quiz 1
Honor Code, Chapter 1
Homework Due
OL Quiz 2
09/21
09/23
09/24
09/25
09/26
M
W
R
F
S
The Double-Entry Accounting System
The Double-Entry Accounting System
Chp 3
Chp 3
**Exam 1**
Chp 1-3
09/28
09/30
10/02
M
W
F
Accounting for Merchandising Businesses
Accounting for Merchandising Businesses
Accounting for Inventories
Chp 4
Chp 4
Chp 5
10/05
10/07
10/09
10/10
M
W
F
S
Accounting for Inventories
Internal Control & Accounting for Cash
Internal Control & Accounting for Cash
Chp 5
Chp 6
Chp 6
10/12
10/14
10/16
M
W
F
**Exam 2**
Accounting for Receivables
Accounting for Receivables
Chp 4-6
Chp 7
Chp 7
10/19
10/21
10/23
M
W
F
Accounting for Long-Term Operational Assets
Accounting for Long-Term Operational Assets
Accounting for Current Liabilities and Payroll
Chp 8
Chp 8
Chp 9
Chapter 7 Homework Due
OL Quiz 6
Chapter 8 Homework Due,
OL Quiz 7
10/26
10/28
10/29
10/30
M
W
R
F
Accounting for Long-Term Debt
Accounting for Long-Term Debt
Chp 10
Chp 10
Chapter 9 Homework Due
**Exam 3**
Chp 7-10
11/02
11/04
M
W
Monopoly
Monopoly
11/06
F
Monopoly
11/09
11/11
11/13
11/14
M
W
F
S
Statement of Cash Flows
Statement of Cash Flows
Proprietorships, Partnerships & Corporations
11/16
11/18
M
W
Proprietorships, Partnerships & Corporations
**Comprehensive Final**
Chapter 2 Homework Due
Chapter 3 Homework Due
OL Quiz 3
Chapter 4 Homework Due
OL Quiz 4
Chapter 5 Homework Due
Chapter 6 Homework Due
OL Quiz 5
Chapter 10 Homework Due
FSA Online – P13-21A
BONUS POINTS
Chp 12
Chp 12
Chp 11
Chapter 12 Homework Due
Monopoly Project Due
The last day to drop with a “W” is October 30th.
Chp 11
Chp 1-12
Chapter 11 Homework Due