BUS 212 Financial Accounting for Nonbusiness Majors office hrs Trailer 92- room 104 T Th 12:30-2:30 cmiller@calpoly.edu Tad Miller summer 2006 COURSE OBJECTIVE This course is designed to introduce the student to basic concepts of financial accounting. The course covers the measurement, recording and use of financial information in business decisions. Topics covered in this course include: a basic working vocabulary, transaction and financial statement analysis, accounting theoretical concepts and the underlying assumptions used in the accounting process. This course also is designed to introduce the student to basic concepts of managerial accounting and to emphasize the role these concepts have in decision-making. TEXTBOOK AND SUPPLEMENTAL MATERIALS you will need a calculator and text: Accounting Information for Business Decisions, Cunningham, Nikolai & Bazley, Dryden Press EXAMINATIONS & QUIZZES No tests will be handed out once the first person completes their test and leaves the room. Three midterm exams and a final will be given during the quarter. Exams require Scantron 882. All examinations will test lecture and reading material. You are expected to take examinations at the appointed time. HOMEWORK Assignments are due on the date scheduled for each chapter on the syllabus. Solutions may be reviewed in class. Completion of assignments is essential to succeed in this course. Reading and homework are expected to be completed prior to every class. A roll of a die will determine which problem will be graded from each assignment. Students who have not attempted the specified problem will be given a zero. I will drop your lowest homework score. I assign homework to encourage students to stay current and to attend class, so I do not accept assignments late. ATTENDANCE From time to time, I have been known to have a 5-point quiz to reward those students in attendance. June 29 July 18 Aug 3 Aug 12 Thurs Tues Thurs Sat Mid term Mid term Mid term Final ch 1, 3 & 4 ch 5, 6 & App ch 7, 8, 9 & 10 ch 13 & 14 100 pts 100 pts 100 pts 100 pts GRADING Grades will be based on homework and examination results. We will have four tests (three mid-terms and a final). There are no extra credit projects. The grading scale is shown below. EXAMINATIONS (100 points each) (3 tests + final) HOMEWORK @ 5pt each TOTAL 400 50 450 A AB+ B 93.0 90.0 87.0 83.0 B- 80.0 C+ 77.0 C 73.0 C- 70.0 D 60.0 Grades are posted on my web-site. Questions about homework or test grades must be raised within 7 days. If you are unable to attend class, you are responsible to keep informed of possible changes to class assignments and examination schedules. Solutions Manual is on BlackBoard General Please be sure you have the time and motivation to perform at your desired level. Come see me early in the quarter if you are having difficulties. I encourage students to visit my office hours to discuss any problems you are having with the material. You are always welcome to stop by my office to check grades. Studying in groups is encouraged. Many times concepts are more readily understood when discussed in a small group setting. I follow the University policy for withdrawal. Any student may withdraw from the course through the second week of instruction. After the second week, students may only drop the course for a serious and compelling reason acceptable to and verified by the Chair of the Department. Please refer to the General Catalog for other administrative policy. Honesty is one of the most fundamental principles in a higher education. Honesty is not only expected, it is absolutely necessary to preserve the integrity of the individual, the institution and the degree conferred by the University. Cheating and plagiarism will not be tolerated. Questions that come up every quarter No late homework. That is why I drop the lowest homework score. I do not accept homework once I leave the classroom No makeup exams. Be prompt for tests. Tests will not be handed out after the first person leaves the room. Use the restroom before the test. You are not allowed to return during a one-hour test. Raise questions about homework or test grades within 7 days No extra credit I don't curve – if the computer spits out a 79.9, I record a C+ How did you calculate my grade {100*(T1% + T2 % + T3% + T4%) + Homework pts} / 450 HAVE A GREAT QUARTER AND I LOOK FORWARD TO WORKING WITH YOU!!! assign to hand in Jun 20 Tues Jun 22 Thurs Jun 27 Tues 1 Intro to Business and Accounting 1 3 3, 6, 10, 14, 33 Bus Plan: costvolume-profit 2, 3, 9, 13, 19 4 Bus Plan: budgeting 5, 7, 11, 17, 31 Wrap up Ch 4 Jun 29 Chapters 1, 3 & 4 Thurs EXAM July 4 . Holiday in class ?? Other 3, 7 2, 5, 9, 13, 32 34 38 39 43 12, 21, 32 4, 10, 11, 14, 18, 20, 28, 29 6,7, 10 19 -24, 31 1, 3, 8, 9 & review July 6 Thurs July 11 Tues July 13 Thurs 5 Accounting System 7, 8, 9, 26, 28 6 Income Statement 5, 6 8 14 20 App B Recording, storing and reporting 2,8 Ex 4, 8, 9 Wrap up Ch App July 18 Tues Exam Chapters 5-6 34 1 2 4 14 15 16 17 19 30 31 20 26 1 4 7 9 13 17 19 21 23 25 5, 7 Ex 6, 7 & review 9 Ex 1, 2, 5 PR 2, 3, 4 Plus APP July 20 Thurs 7 7 Balance Sheet 4, 14, 25, 27, 35 12 13 21 22 25, 26, 46 5 6 7 8 9 10 11 17 23 24 34 Jul 25 Tues Jul 27 Thurs 8 Cash Flow State 2, 5, 12, 17 Managing Working Capital 1, 5, 7, 13, 15 3 4 5 20 21, 27, 31 1, 9, 18 Aug 1 Tues 10 9 Aug 3 Intro to Corporations 5, 14, 18, 30, 34 Review Need hand out 4 5 7 9 13 15 21 27 29 4 2, 12, 15, 19 22 25 29 34 36 1, 4, 5, 9, 11, 17 19 23 27 28 30 33 35 25 28 29 30 32 40 2 6 9 11 14 21 22 24 39 Exam Chapters 7-10 Aug 8 Tues 13 Aug 10 Thurs 14 Revenue & Collect Skip Other Countries 8 17 23 27 33 35 Expense & Pay Skip Net Method Skip Foreign Currency Skip Taxes 26 31 37 38 40 Aug 12 Final Exam This is Saturday