ACCT 225
Introduction to Financial Accounting
Tuesday, Thursday
Instructor:
Office:
Office
Hours:
Phone:
E-mail:
Required
Materials:
Financial Accounting; Libby, Libby, Short; Sixth edition; McGraw-Hill
Publishers; ISBN 9780077466862.
Solid Footing – Building an Accounting Foundation; Dan Wiegand; Fifth
edition; Micro Solve, Inc.; ISBN 978-0-9796710-3-6. Please do not buy a
used copy.
Course
User-oriented approach to the study of financial accounting and reporting
Description: topics related to business decisions.
Course
Objectives:
Course
Students will learn the following:
 The nature and purpose of accounting for business entities.
 The use and interpretation of financial reports for users.
 The concepts and standards used to develop financial statements
for businesses.

 Accounting methods used to record, classify, and present financial
information from business transactions.
This is a new ACCT 225 course. We will begin by focusing on debits and
credits because that is often the most difficult topic to learn. You will
have a manual called Solid Footing that contains a flash drive. You will
be expected to work through Solid Footing exercises, homework
problems, and a practice set to learn this very basic material. We will then
move to the more conceptual material covered in the Libby, Libby, Short
text.
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There is a very high failure/withdrawal rate in this class. The best way to
succeed is to attend class and do the homework. Thus, the maximum
number of absences is three for the TTh sections and five for the MWF.
Your final course grade will be decreased by 1 point for each absence after
that. Please be advised that an absence is an absence – there are no
excused absences. Any unforeseen emergencies will be dealt with on a
case by case basis. Any exception to this attendance policy is at the
discretion of the instructor (not the student) and will be granted only in the
event of sincere emergencies. Appropriate documentation will be required
to support emergencies.
It is your responsibility to keep up with the number of your absences.
Homework: Completing homework is essential for success in this course. You are
expected to read the chapter before the class meeting and complete the
homework when assigned, not right before the test!
Blackboard: I will provide important information and course materials to you through
Blackboard. It is your responsibility to check your e-mail address on
Blackboard and change it if it is not your preferred e-mail address. To
change your e-mail address, login to Blackboard and then go to personal
information.
Practice
Set:
Your Solid Footing text contains a practice set that will count 15% of your
grade. It will be due on February 17 in class. You will lose 1% of the
grade for every day after that.
Exams:
The test schedule will be:
Exam 1:
February 22
Exam 2:
March 31
Final Exam: April 29 at 9:00 am for the 8:00 TTh section
May 2 at 2:00 pm for the 9:30 TTh section
The final exam will be comprehensive, covering all the material covered
during the semester. 60% of the final exam will come from new material.
No makeup exams will be given and a missed exam will generally result
in a grade of zero. In the case of unforeseen emergencies, your final exam
grade will be weighted for the missed test. This exception is at the
discretion of the instructor (not the student) and will be granted only in the
case of sincere emergencies, not for convenience. Appropriate
documentation will be required to support emergencies.
3
There will be six quizzes each worth three percentage points. Of these,
you can earn a maximum of fifteen percentage points. There will be no
make-ups for the quizzes. That is why we will give eighteen points worth
of questions but only allow a maximum of fifteen points to be earned.
Simple four-function calculators may be used on exams and quizzes, but
no graphing calculators, financial calculators or calculators that use text.
Cell phones must be placed at the front of the room during all exams.
Grading:
Your grade for the course will be computed as follows:
Exam One
Exam Two
Cumulative Final Exam
Quizzes
Practice Set
20%
20%
30%
15%
15%
The grading scale will be:
A
B+
B
C+
C
D
F
89.5-100
86.5-89.49
79.5-86.49
76.5-79.49
69.5-76.49
59.5-69.49
Below 59.5
The grading scale is set by the School of Accounting and your instructor
will not be able to make any changes in it. There will be NO deviations
from the grading scale.
A grade of D+ is not awarded in this course. Any business major scoring
a D or F must retake the course.
Supplemental
Instruction: Supplemental Instruction (SI) is offered for this course and provides you
with the opportunity to attend three (3) study sessions per week. SI
sessions for your class will be facilitated by an undergraduate student who
has taken this course and excelled in the course material. During these
weekly sessions, your SI leader will facilitate activities that encourage you
to practice, discuss, and ask questions about the most recent lecture
material. These sessions will not take the place of your classroom
session. All SI sessions are held in the Student Success Center, Thomas
Cooper Library
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Students with
Disabilities: If you have a documented disability for which you need special
arrangements, please contact Disability Services, located in LeConte
College, Room 112, Phone 777-6142.
Disabled students needing extra time during tests must give their instructor
documentation at the beginning of the semester. To be given extra time, a
student must take the test through disability services and must take it no
later than the rest of the class. Extra time cannot be given to any student
in the full class with the other students. Please make your appointments
with disability services following their rules.
USC Honor Code:
It is the responsibility of every student at the University of South Carolina Columbia to
adhere steadfastly to truthfulness and to avoid dishonesty, fraud, or deceit of any type in
connection with any academic program. Any student who violates this Honor Code or
who knowingly assists another to violate this Honor Code shall be subject to discipline.
This Honor Code is intended to prohibit all forms of academic dishonesty and should be
interpreted broadly to carry out that purpose. The following examples illustrate conduct
that violates this Honor Code, but this list is not intended to be an exhaustive compilation
of conduct prohibited by the Honor Code:
1. Giving or receiving unauthorized assistance, or attempting to give or receive such
assistance, in connection with the performance of any academic work.
2. Unauthorized use of materials or information of any type or the unauthorized use of
any electronic or mechanical device in connection with the completion of any
academic work.
3. Access to the contents of any test or examination or the purchase, sale, or theft of any
test or examination prior to its administration.
4. Use of another person’s work or ideas without proper acknowledgment of source.
5. Intentional misrepresentation by word or action of any situation of fact, or intentional
omission of material fact, so as to mislead any person in connection with any
academic work (including, without limitation, the scheduling, completion,
performance, or submission of any such work).
6. Offering or giving any favor or thing of value for the purpose of influencing
improperly a grade or other evaluation of a student in an academic program.
7. Conduct intended to interfere with an instructor’s ability to evaluate accurately a
student’s competency or performance in an academic program.
Whenever a student is uncertain as to whether conduct would violate this Honor Code, it
is the responsibility of the student to seek clarification from the appropriate faculty
member or instructor of record prior to engaging in such conduct.
Suspected violations of the honor code will be reported to the Office of Academic
Integrity. Violations of the honor code will result in disciplinary measures.
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Sanctions will be imposed to the fullest extent possible for any student who
participates in any act of academic dishonesty.
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Date –
Chapter Homework-Text
Tues/Thurs in Text
1/11
1/13
1/18
1/20
Chapter Homework- Handout
in SF
Solid
Footing
Pgs 3-10 1-1
Accounting
equation
Pgs 10- 2-1
T22
Accounts
for
Assets and
Liabilities
Ch 3 &
3-1, 4-1
T4
Accounts
for
Revenues
and
Expenses
Ch 5
5-1
1/25
1/27
Ch 2
E2,3,8
P3(1-4),5(1-3)
2/1
2/3
Ch 3
E3,6,7,10,11
P1,2,4(1-3)
Ch 6
6-1
2/8
2/10
Ch 4
E1,6,16,18
P7,8
Ch 7 &
8
Ch 9 &
10
Practice
Set Due
7-3 & 8-2
2/15
2/17
Ch 1
2/22
2/24
Test one
Ch 6
3/1
3/3
3/8
3/10
3/15
3/17
Ch 7 &
App. B
&C
Break
Break
Ch 7
Ch 8
E1,7,11
P1,3
9-1 & 10-1
Practice Set
Due
E6,13,16,18,20
P1,2,7
E1,2,3,5,10,11,13,17,19
P3,5,6,11
E1,6,7(a&b),11,14,17
P1,6,10
Straight-line and Units
of Production only
Periodic
and
Perpetual
Journal
entries
7
Date –
Tues/Thurs
3/22
3/24
Chapter Homework-Text
in Text
Ch 8
Ch 9
M1,2
E1,3,4,15,16,22,25
P3,7,11,12
3/29
3/31
4/5
4/7
4/12
4/14
4/19
Ch 10
Ch 11
4/21
Ch 12
(pgs.
609614)
Ch 13
4/29
9:00
5/2
2:00
1/2/11
Test 2 (Ch 6,
7(including App. B &
C), 8 and 9)
E1,4,9,11,15
P7,12
E2,3,4,5,8,11,16
P1,5
E3,4,5,6
E1,7,14,17(1)
P1,3
Cumulative final for
the 8:00 TTh class to
be given at 9:00 am
Cumultive final for the
9:30 TTh class to be
given at 2:00 pm
Chapter Homework- Handout
in SF
SF
8
9