Rutgers Business School, Newark
Introduction to Financial Accounting
[Winter 2015/29:010:203:W2]
Instructor: Lingyi Zheng
Office: #909A
Class Hours: Mon to Friday 12:00pm-4:310pm
Classroom: #518, 1 Washington Park Office
Hours: By Appointment
Email: lz214@scarletmail.rutgers.edu
COURSE MATERIALS
1.
Textbook (Required): Miller-Nobles, Mattison, Matsumura. Financial & Managerial
Accounting, THE FINANCIAL CHAPTERS. 5th Edition.
2.
Online Student Resources (Required): MyLab/Mastering (MyAccountingLab). Prentice
Hall (visit: http://www.pearsonmylabandmastering.com/). Assignments will be given on
Mylab/Mastering (MyAccountingLab). This online resource also provides study guides, extra
exercises/problems, and chapter PPT slides that will assist your studies.
Note: Textbook & MyLab resource packages are available at Rutgers Book Store & New Jersey
Books (separate purchases might cost more). Financial & Managerial Accounting THE
FINANCIAL CHAPTERS & MyLab with Full eBook Student Access Code Package. 5th Edition.
Prentice Hall.
3.
Calculator: Having a calculator that performs simply basic calculation functions will be
helpful for in-class practice, assignments and exams (note: you are only allowed to use basic
calculators during exams).
4.
Blackboard: Chapter PPT slides, exam grades and announcements will be given on blackboard:
https://blackboard.newark.rutgers.edu (please make sure to check the site at least twice a week)
COURSE DESCRIPTION
The main objective of this course is to introduce students the basic principles of financial
accounting theory and its application to business operations. Primary areas of study include
business transactions, accounting cycle, merchandising operations, inventories, receivables,
liabilities and financial statements preparations. This fundamental financial accounting course is
designed to help you build foundation for future advanced level courses in accounting and other
business majors.
COURSE EVALUATION
Please read the following evaluation policy carefully. Your grade will be based on
performance on assignments, mid-term exams, final exam, and attendance, participation &
end-of-lecture questions throughout the semester. The assessment is weighted as follows.
Assignments 15%
Mid-Term Exam I (Ch 1 - 4) 25%
Mid-Term Exam II (Ch 5 - 9) 25%
Final Exam (Ch 10 - 14) 25%
Attendance, Participation & 10%
(1) Assignments (15%):
Assignment problems are given daily based on materials covered in that day’s lectures and
will be accessible on MyLab. You are responsible to complete each assignment on MyLab on
time, i.e., before 12:00am (midnight) everyday after class. Late submission will NOT be
accepted. Exceptions may be given upon appropriate proofs of emergencies/medical
conditions and with advance notices.
NOTE: Please register a MyLab account. Registration details are listed on the last page
(temporary account can be used for one week, if need be).
(2) Two Mid-Term Exams (25%, 25%) and Final Exam (25%):
Each exam weighs 25% of your grade. Mid-term exam I covers Ch1-4, mid-term exam II is
on Ch 5-9, and final exam covers Ch 10-14. Exams are only cumulative in a sense that the
material itself is cumulative. Both multiple choice questions & short problems will be given
on each exam.
NOTE: You are required to bring #2 pencil & calculator with ONLY basic functions to all
exams. Make-up exam will only be given upon the validity of the documentation explaining
your absence from the exam, as confirmed by your advisor.
(3) Attendance, Participation, and End-of-lecture Practice Questions (10%):
Attendance and in-class participation: Students are expected to attend each class, sign the
attendance sheet, and participate in all exercises/problems given in class.
End-of-lecture Practice Questions: A few multiple choice practice questions will be
distributed 5-min prior to the end of each lecture and then immediately collected when class
ends. The questions promptly review new materials and also help student prepare for exams.
NOTE: Late arrivals, early departures, and performing unrelated activities in class (e.g.
texting, chatting, sleeping or working on unrelated tasks) are all considered absence.
Employment obligation will not be considered as excuses for being absent from class.
Emergencies, illness, court appearances will be seen as excused absence conditional on
appropriate proofs and/or notice in advance.
Attendance, participation and end-of-lecture practice together weigh 10% of your grade.
(4) Grade Distribution
The Departmental Grade Distribution Guideline in Managerial Accounting Course agreed to
by instructors teaching financial and managerial accounting in both Newark and New
Brunswick is as follows: A (90+), B+ (85-89), B (80-84), C+ (75-79), C (70-74), D (60-69),
F (below 60). Your final letter grade is given according to this departmental grading
guideline, which means your grade is given based on your class rank of academic
performance in class.
(5) Rutgers Academic Integrity Policy, Exam Policy and Disruptive Behavior
a) During exams
1) No food is allowed (drink should be placed on the floor),
2) Cell phone should be turned off & faced down placed on the desk,
3) Other electronic devices should be turned off as well.
b) Any violation of academic integrity is a serious offense and is subject to appropriate penalty or
sanction (http://academicintegrity.rutgers.edu/).
c) Students using electronic communicating devices in class/exams are considered disruptive behavior and are
subject to being removed from class as it may seriously affect others.
COURSE SCHEDULE (29:010:203:01) - Tentative
Class
1
2
3
4
5
6
7
8
9
10
11
Day
Date
Topic
Wednesday 12/23/2015 Introduction
Chapter 1: Accounting and the
business environment
Chapter 2: Recording Business
Transactions
Monday
01/04/2016 Chapter 2: Recording Business
Transactions
Chapter 3: The Adjusting Process
Tuesday
01/05/2016 Chapter 4: Completing the Accounting
Cycle
Chapter 5: Merchandising Operations
Wednesday 01/06/2016 Exam 1: Chapters 1 - 4 (90 minutes)
Chapter 5: Merchandising Operations
Chapter 6: Merchandise Inventory
Thursday
01/07/2016 Chapter 7: Internal Control and Cash
Chapter 8: Receivables
Friday
01/08/2016 Chapter 8: Receivables
Chapter 9: Plant Assets, Natural
Resources and Intangibles
Monday
01/11/2016 Exam 2: Chapters 5 - 9 (90 Minutes)
Chapter 10: Investments
Tuesday
01/12/2016 Chapter 11: Current Liabilities and
Payroll
Chapter 12: Long-Term Liabilities
Wednesday 01/13/2016 Chapter 13: Stockholder's Equity
Thursday
01/14/2016 Chapter 14: Statement of Cash Flows
Review of Ch 10-14
Friday
01/15/2016 Final Exam: Chapters 10-14 (150min)
Assignment
Ch 1
Ch 2-3
Ch 4
Ch 5
Ch 6
Ch 7
Ch 8
Ch 9
Ch 10
Ch 11
Ch 12
Ch 13
Ch 14
RUTGERS COMMUNITY HONOR CODE
“I pledge, on my honor, that I have neither received nor given any unauthorized assistance in the
course.”