ACCT 2300, FALL 2008 INFORMATION
SECTIONS 001, 002, 003
INSTRUCTOR: Dr. Allison Collins
OFFICE: BA 505
PHONE: 742-2163
OFFICE HOURS: Mon: 7:30-8:30 p.m.; Tues: 1-3 p.m.; Wed: 1-2 p.m.; and by appointment.
E-MAIL:
allison.collins@ttu.edu (put ACCT 2300 in the Subject line)
INSTRUCTORWEB PAGE: http://www.webpages.ttu.edu/allcolli (for Dr. Collins’ students)
COURSE WEB PAGE:
http://accounting2300.ba.ttu.edu (for Sample Exams and other information)
REQUIRED MATERIALS
Textbook: Porter and Norton, Financial Accounting – The Impact on Decision Makers, 6th edition custom
print (available at the bookstores) with CengageNow.
Calculator: basic 4-function calculator for exams (add, subtract, multiply, divide); no advanced calculators will be
allowed for exams.
Power Point Class Notes: to be posted to Instructor Web Page weekly before each chapter, starting with Chapter 2. You
should bring the chapter notes with you to class on the dates indicated.
COURSE OBJECTIVE: To introduce students to the components and structure of financial statements, to discuss the
ethical issues surrounding the preparation of financial statements, and to educate students in the preparation and use
of financial statements.
GRADING POINTS IN THIS COURSE
ARE AS FOLLOWS:
Departmental Exams:
3 Exams @ 100 Pts. Each
300
Common Final Exam
100
Assignments, Attendance, etc:
CengageNow On-line Homework
36
Instructor quizzes and assignments 54
Attendance
10
Total points
500
COURSE GRADES WILL BE EARNED AS FOLLOWS
(plus/minus grades assigned within each range):
GRADE
POINTS REQUIRED
A
450 to 500 points
B
400 to 449 points
C
350 to 399 points
D
300 to 349 points
F
below 300 points
EXAM INFORMATION: All interim exams will be 90 minutes long, and are given on indicated Tuesdays (9/30, 10/21
and 11/18) from 6:30 to 8:00 p.m., in BA 202 (for Dr. Collins’ sections). The final exam will be 150 minutes long, and
is scheduled for Friday, December 5, 4:30 – 7 p.m (rooms to be announced). These examinations will test your
knowledge and understanding of the chapter material, class discussion, and assigned homework. NO MAKEUP
EXAMINATIONS ARE GIVEN. If a student misses an exam, at the discretion of the instructor, the comprehensive final
exam grade will be substituted for one missed exam.
EXAM POLICIES: The exams are closed book and closed note. Because of advances in technology, the ONLY
electronic item you may bring to the exam is a basic 4-function calculator (which costs no more than $5 to $10). No other
electronics (including cell phones, PDAs, IPods, IPhones, etc.) will be allowed, nor will any calculator with more than the
basic arithmetic functions. Students will be required to turn off all of these other electronic items, and put them away.
Note that the Sample Exams, posted to the course web page before each exam, are an excellent example of the types of
questions you will encounter on the class exams, and should be an integral component of your studies.
ASSIGNMENT GRADES (total of 100 points):
CengageNow (36 points) – the homework assignments listed on the syllabus will be worked and graded on-line with your
CengageNow program. Information for this program (including a link to set up your account) will be posted to Dr.
Collins’ web page by Monday, September 1. Do not try to log on to your Cengage account before then.
Quizzes and Homework Assignments (54 points) – quizzes and homework assignments will be announced at least one
class period in advance. If you miss class, watch for announcements on Dr. Collins’ web page.
Attendance (10 points) - Class attendance is mandatory. Attendance points (10% of your homework grade) will be
calculated based on signed attendance sheets, circulated at various times during the semester. Students should not sign the
attendance sheet for any other person, as forged signatures are easily compared to students’ official signature. Detection
of forged signatures will void a student’s attendance points, and will be considered an act of academic misconduct.
COURSE SYLLABUS
Chap.
Week of
Topic
Reading and Homework
1
Aug. 25
Accounting as a Form of Communication
Ethics in the Accounting Profession
E1-5, E1-6, E1-7, E1-10, P1-5
LABOR DAY HOLIDAY, SEPT. 1
2
Sept. 1
Financial Statements & the Annual Report
E 2-1, E 2-2, E 2-6, E 2-9, P 2-3, P 2-7
3
Sept. 8
Processing Accounting Information
E 3-3, E 3-6, E 3-9, E 3-10, P 3-9, P 3-10
4
Sept. 15
Income Measurement & Accrual Accounting E 4-15, E 4-16, E 4-20
4
Sept. 22
Income Measurement & Accrual Accounting E 4-29, P 4-1
EXAM 1
TUESDAY, SEPTEMBER 30, 6:30 – 8PM, BA 202
5
Sept. 29
Inventories & Cost of Goods Sold
E 5-1, E 5-7, E 5-11, E 5-12, E 5-14, P 5-11
6&7
Oct. 6
Cash & Internal Control
E 6-2, P 6-1
7
Oct. 13
Investments & Receivables
E 7-4, P 7-1, P 7-2
EXAM 2
TUESDAY, OCTOBER 21, 6:30 – 8PM, BA 202
Oct. 20
Operating Assets
8
E 8-1, E 8-3, E 8-4, E 8-5, E 8-6, E 8-7, E 8-11
LAST DAY TO DROP, MONDAY, OCTOBER 27
9
Oct. 27
Current Liabilities
E 9-1, E 9-5, E 9-7, E 9-11, E 9-16, E 9-17
10
Nov. 3
Long Term Liabilities
E 10-2, E 10-3, E 10-17
10
Nov. 10
Long Term Liabilities
P 10-8, P 10-8A
EXAM 3
TUESDAY, NOVEMBER 18, 6:30 -- 8PM, BA 202
11
Nov. 17
Stockholders’ Equity
E 11-3, E 11-4, E 11-5, E 11-6, E 11-7, E 11-8
12
Nov. 24
Statement of Cash Flows
E 12-2, E 12-9, E 12-10
THANKSGIVING HOLIDAY, NOV. 26 - 30
12
Dec. 1
Statement of Cash Flows
E 12-12, E 12-13, P 12-1
FINAL EXAM, FRIDAY, DECEMBER 5, 4:30 – 7 PM, Rooms to be announced.
NOTE: certain components of the syllabus may be changed at the discretion of the instructor. Any changes will be
announced in class and posted to the instructor web page.
UNIVERSITY POLICIES
WITHDRAWAL POLICY: The requirements set by the university for withdrawal will be strictly followed. You should
retain all documentation of courses you have dropped.
STUDENTS WITH SPECIAL NEEDS: The university is committed to the principle that in no aspect of its programs
shall there be differences in the treatment of persons because of race, creed, national origin, age, sex, or disability, and
that equal opportunity and access to facilities shall be available to all. Any student who because of a disability may
require special arrangements in order to meet course requirement should contact the instructor as soon as possible to make
any necessary accommodations.
ETHICS AND ACADEMIC INTEGRITY: The university catalog states the following: “It is the aim of the faculty of
Texas Tech University to foster a spirit of complete honesty and a high standard of integrity. The attempt of students to
present as their own any work that they have not honestly performed is regarded by the faculty and administration as a
serious offense and renders the offenders liable to serious consequences, possibly suspension.”
The catalog defines cheating as “Dishonesty on examinations and quizzes or on written assignments, illegal possession of
examinations, the use of unauthorized notes during an examination or quiz, obtaining information during an examination
from the examination paper or otherwise from another student, assisting others to cheat, alteration of grade records, illegal
entry to or unauthorized presence in an office are instances of cheating.”
RELIGIOUS HOLIDAYS: A student who intends to observe a religious holy day should make that intention known to
the instructor prior to the absence. A student who is absent from classes for the observance of a religious holy day shall be
allowed to take an examination or complete an assignment scheduled for that day within a reasonable time after the
absence.