Acc 205
Introduction to Financial Accounting
Summer 2014
Instructor:
Office:
Phone:
Class:
Room
TEXTBOOKS:
Hall.
Tom English
MBEB 3111
426-1261
M T W TH 9:45 - 11:45 AM
MBEB 1208
Financial Accounting, 9th edition, Harrison, Horngren, Pearson-Prentice
COURSE DESCRIPTION: The primary purpose of this course is to provide students with an
understanding of the role of accounting information in making business and investment
decisions. In addition, since accounting is the "language of business," mastery of the terminology
is an essential element of the course. The class is designed to promote critical thinking, writing,
and problem solving skills within an accounting context
DESIRED EDUCATIONAL OUTCOMES:
Students should be able to describe how the accounting equation (A=L+C) is useful in
understanding, analyzing, and communicating the effects of different transactions and events on
the financial statements.
Students should be able to explain and apply basic valuation theories of assets.
Students should be able to identify the four basic financial statements and explain how the
financial statements provide useful information to decision-makers.
Students should be able to explain the relationship among the 4 primary financial statements.
Students should be able to explain the difference between cash flow and accrual-basis income.
Students should be able to read and interpret financial statements and related financial information in
order to make informed investing and/or lending decisions
Outcome Assessment:
Evaluation of the students’ understanding of financial accounting will involve homework, quizzes &
examinations
Grades:
Homework
Quizzes
Exam 1
Exam 2
Final
Total
Other:
50 top 5
50 top 5
100
100
200
500
Requests for extra projects will not be honored in this class.
Final grades will be curved but should approximate:
100-90% A/A-, 90-80% B+/B/B-, 80-65% C+/C/CYou are responsible for all material covered in
class and in the book. Test questions may come
from either of these sources.
No make up or early exams will be given. If you must
miss an exam you must clear it with me. If you have
cleared it with me the exam points for the missed exam
will accrue to the other exams. This is not a free missed
exam policy. This only applies to exams missed for some
dire circumstance and cleared with me.
Any form of cheating will result in a grade of F for the class.
Date
Topic
Chapters
Homework
June 9
10
Financial Statements
1
S1-1,8,10,11,
12,E1-16A,
18A,21A
11
12
Transaction analysis
2
S2-2, 6,8,
E2-16A, 27B
16
17
Accrual Accounting
3
S3-1,,7,11,17
E3-21A,24A,29A
18
Exam 1
19
23
Internal Control and Cash
4
E4-16A,17A,20A
21A,22A
24
25
Long Term I:nvestments and
Time Value of Money
8
S8-1,2,3,9
10,11,E8-20A,
31B
26
30
Short Term Investments
& Receivables
5
S5-10,11,12,17
E5-25A,27A,37B
July 1
Exam 2
2
3
Inventory & COGS
6
E6-16A,17A
18A,26A,32B
7
Plant Assets Natural
Resources & Intangibles
7
S7-2,3,4,7,8
10,E7-18A,
19A,21A,22A
8
9
Cash Flows
12
S12-4,5,6
E12-18A,20A
10
Final Exam