Syllabus-116A Financial Accounting
MIRAMAR COLLEGE
COURSE NUMBER & TITLE: CRN50967/ Business 116A, Financial Accounting, Fall 2010, 4 Units.
INSTRUCTOR: Delores Loedel, CMA
BIOGRAPHY: B. S. and M.S. in Accounting from University of North Texas. Industry experience includes
Internal Auditing, Marketing Accounting, Management Accounting and Financial Accounting including
management experience. Completed the testing, educational and experience requirements for Certified
Managerial Accountant (CMA). Currently also teaching various accounting courses in the classroom
and online for MiraCosta College. Obtained Certificate in Online Education from Cerro Coso College
Online.
DAY AND TIME: August 23rd – December 18th 2010, on-line in Blackboard Vista
PREREQUISITE: Completion of Basic Mathematics Course, or Equivalent Knowledge.
CONTACT INFORMATION:
Email: dloedel@sdccd.edu (I will get back to you no later than 24-36 hours)
ONLINE OFFICE HOURS: To be announced.
COURSE DESCRIPTION: The purpose of this course is to develop an understanding of the information
contained in the financial statements. It explores what financial accounting is, why it is important, and how it is
used by investors and creditors to make decisions. The course covers the accounting information system, and
the recording and reporting of business transactions with the focus on the accounting cycle, the application of
GAAP, preparation of classified financial statements, and financial analysis. This includes issues related to
assets, liabilities, equity valuation, revenue and expense recognition, cash flow, internal controls and ethics.
COURSE GOALS: Students of Financial Accounting will;
1. Understand the accounting cycle and how the financial information of a company is
identified, recorded and reported.
2. Analyzing financial transactions and prepare journal entries.
3. Prepare an Income Statement, Statement of Retained Earnings, Balance Sheet,
and Statement of Cash Flows.
4. Understand the accounting formula and the application of Generally Accepted
Accounting Standards (GAAP)
REQUIRED TEXT AND MATERIALS:
Textbook and Other Course Materials:
 Financial Accounting, 8th Edition, Harrison/Horngren/Thomas
o Bookstore: Hardcover book + My Accounting Lab (MAL) (ISBN: 0-13-5114934)
o 3 Hole Punch book + MAL
 Textbook from publisher with access code in textbook: (2 weeks delivery)
o Harrison/Horngren/Thomas www.pearsonstore.com
 If you have a textbook and need an access code or use the ebook
o www.myaccountinglab.com $80 with ebook/$45 without ebook
o Student Resources: Can upgrade to 3 hole punch version of book for $40.
1
BLACKBOARD: This class uses Blackboard/WebCT Vista 4, and can be accessed at http://online.sdccd.edu
You will have access to weekly lessons that include power points, discussion questions, homework link, quizzes
and tests. You can also access your grades. You are required to check in each week for assignments.
TESTING:
EXAMS: There are 3 midterm exams at 100 points each (300 points) as well as a comprehensive final
(150 points). Midterm exams only cover specific chapters, but are cumulative, focusing on the financial
statements. All exams are on-line in Blackboard and include multiple choice and essays/problems. The
results will be released after all students have taken the exam and all exams are graded. You can do a
make-up for exam 1, 2, or 3 if you miss an exam or want to improve your score the week of 11/29 (more
details to be provided). You must take all 4 exams to pass the class.
WEEKLY ON-LINE HOMEWORK: Each week students will have several online assignments. They
cover 12 chapters at 10 points each (120 points). All homework is done in myaccountinglab.com.
Please note the schedule for due dates. Late homework will not be accepted. These must be
completed weekly.
DISCUSSION QUESTIONS: There is a discussion board set up for each chapter assignment. There are 12
chapters at 10 points each (120) plus an online introduction worth 10 points for a total of 130. These
must be completed by the due dates. They must be in your own words to get full credit (see Discussion
Board Rubric on last page of Syllabus for further information on grading).
WRITING ASSIGNMENT: You will have one writing assignment worth 100 points. More details on this
assignment will be provided on Blackboard Vista, but this essay will be related to Internal Controls and
Chapter 4. Please Note: Chapter 4 is not otherwise covered in this course, but will be covered partially
through this writing assignment.
GRADING: The following scale will be used as the basis to determine each student’s letter grades: Your final
grade is based on your percentage of total points: A = 90% to 100% B = 80% to 89%, C = 70% to 79%, D =
60% to 69%, F = 59% and below
POINTS: The total points include
Discussion Questions 13 @ 10 points each = 130
12 Homework assignments x 10 points
= 120
3 Exams @ 100 points
= 300
Written Assignment
= 100
Final @ 150 points
= 150
Total Points
= 800
ATTENDANCE: You must access the on-line class weekly students who do not will miss assignment
deadlines. On-line weekly check is mandatory at a community college.
1.
2.
3.
4.
It is the student’s responsibility to add the class if he or she so chooses. It is not the
responsibility of the instructor!
It is the student’s responsibility to drop all classes in which he/she is no
longer attending. It is not the responsibility of the instructor!
It is the instructor’s discretion to withdraw a student due to excessive absences (including missed
assignments and exams).
Students who remain enrolled in the class beyond the published withdrawal deadline, as stated in
the class schedule, will receive an evaluative letter grade in this class.
2
TIPS FOR SUCCESS
PLEASE NOTE: This is NOT a self-paced course. Each of the assignments has a specific due date. Late
assignments will not be accepted. If you experience a technical difficulty, please contact the student help desk.
Technical difficulties are not an excuse for a late assignment. Allow yourself plenty of time for any problems
that you may encounter.
This online course provides you, the student, with a unique opportunity to self-direct your learning. Together
with your fellow students, we will establish a learning community. We will work together to assure a mutually
conducive learning atmosphere. Students are expected to complete the assigned materials by the due dates.
Students are expected to post meaningful posts to the discussion board (see more details online in Blackboard
Vista). With the proper attitude and enough effort devoted to the coursework, all students enrolled have the
opportunity to complete this course with the desired learning outcomes. Online learning is not for everyone
however.
Although it is difficult to predict individual student performance, students who do well in this course generally
do the following: Read all of the chapter materials in a timely manner, do all the homework, participate in
discussion boards and take exams in a timely manner. Accounting is a disciplined subject and requires time
and effort both in and out of the classroom.
Administration Dates:
08/23/10 – Semester begins
09/03/10 – Last day for add codes/No “W”
09/07/10 - Last day to receive refund
10/29/10 – Last day to withdrawal and receive a “W”
11/22-11/26 Thanksgiving Holiday
12/ /18 – Last day of class
INCOMPLETE GRADE: The granting of an “incomplete” grade for the course is done only under special
circumstances at the professor’s discretion. It will not be used as a substitute for failing work, or to complete
work missed from extended absences from class throughout the semester. Please understand its purpose and
only request consideration if appropriate.
CHEATING: It is expected that in all manners related to this course you will act in ethical and professional
manner. Unethical behavior consists of giving or receiving help on individual or non-group assignments,
representing someone else’s work as your own, copying or giving answers to exams or quizzes, or giving or
receiving information about exams and quizzes to other students. If a student is caught cheating on an exam
or quiz, he/she will receive a zero and may not take a make-up.
STUDENTS WITH DISABILITIES : If you are a student with special needs you must notify the professor
within the first two weeks of class. DSPS provides a variety of academic accommodations and support
services to students with documented disabilities. They can be contacted at 858-536-7212.
TUTORING: Accounting can be very challenging for students. The PLACe provides excellent tutoring
services for students who need help. The best thing to do is make an appointment in advance by calling 619388-7852.
COURSE FORMAT: Note that the attached lecture, assignments, and exam schedule is subject to change.
These changes will be announced in Blackboard early enough for you to meet the deadline. You are
responsible for checking each week so that you are aware of the changes.
3
CONFLICT RESOLUTION: If you feel you have valid grounds to challenge a grade, you must first attempt
to resolve the problem with me, your instructor. If the grade challenge cannot be resolved, you must file a
petition for grade challenge with the Dean if Business, Math, & Science who will work with the Department
Chair to help resolve the issue. If resolution does not occur, your next step is to file an appeal with the Vice
President of Instruction. The grade challenge procedure may be found in the college catalogue.
IMPORTANT NOTICE: This syllabus is subject to change at any time at the discretion of the instructor; notice will
be given to the students through an announcement on the class Blackboard Vista site.
Assignments
Include Chapter
Discussion
Board and
Chapter
Homework
Quick Reference
Email to
Instructor
Intro to Class
Chapter 1
Chapter 2
Chapter 3
Exam #1
Chapter 5
Chapter 6
Chapter 7
Exam #2
Chapter 8
Chapter 9
Chapter 10
Exam #3
Essay Due
Chapter 11
Chapter 12
Chapter 13
Final
Due
Date
8/23
8/25
9/7
9/7
9/14
9/21
9/28
10/5
10/12
10/19
10/26
11/2
11/9
11/16
11/30
11/30
12/7
12/14
12/18
All assignment
specifics are
below and
online.
All assignments are due at 11:59 p.m. PST unless otherwise noted.
4
Schedule of Chapter Assignments for Fall 2010
Chapter
One
Two
Three
Five
Six
Seven
Eight
Nine
Ten
Eleven
Twelve
Thirteen
Topics and Readings
Homework Assignments, Questions,
Student Learning Outcomes
Exercises, Problems
S1-1,8, E1-20A,21A,22A,23A
The Financial Statements
Explain the nature and purpose of GAAP Due 9/7
Define accounting and business terms
S2-5,12, E2-16A,20A,21A,36A
Transaction Analysis
Introduce the accounting cycle
Due 9/7
Summarize journals and ledgers
S3-6,7,14, E3-22A,24A, P3-71A
Accrual Accounting & Income
Accruals/Deferrals. Demonstrate the
Due 9/14
components of financial accounting
OMIT CHAPTER FOUR
Midterm #1 Chapters 1,2,3 (Due by 9/21)
Short Term Investments & Receivables S5-7,14, E5-18A,22A,26A, P5-62A
Measure, value and report merchandise
Due 9/28
inventory and cost of goods sold
S6-4,9, E6-17A,20A,22A,23A, P6-63A
Inventory & Cost of Goods Sold
Valuing inventories using LIFO, FIFO,
Due 10/5
and Weighted Average methods
S7-5,9,10, E7-18A,20A, P7-64A
Plant Assets & Intangibles
Illustrate issues relating to long-term asset Due 10/12
acquisition, use, depreciation, disposal
Midterm #2 Chapters 5,6,7 (Due by 10/19)
S8-1,3,7,11,12, E8-16A,31A
Liabilities
Valuation and reporting of current, and
Due 10/26
long term liabilities
S9-7,8,10,13, E9-24A,25A,26A
Stockholders’ Equity
Demonstrate stockholders’ equity,
Due 11/2
issuance/repurchase stock, dividends
S10-1,2,8,9, E10-15A, P10-50A
Long-Term Investments &
International Operations
Due 11/9
Valuation of Available for Sale, Long term
bonds. Consolidations
Midterm #3 Chapters 8,9,10 (Due by 11/16)
S11-3,9,10, E11-16A, P11-45A,46A
Income Statement/SOSE
Evaluating earnings, analyzing RE
Due 11/30
S12-7,8, E-17A,18A,19A,22A
Statement of Cash Flows
Explain operating, investing, financing
Due 12/7
S13-7,8,9, E13-16A,18A,21A,23A
Financial Statement Analysis
Interpret activity, liquidity, profitability
Due 12/14
through financial analysis tools
Final Exam Chapter 11,12,13 & Comprehensive (Due by 12/18)
5
Students, Welcome to MyAccountingLab!
MyAccountingLab is a dynamic, interactive eLearning program. Your instructor has requested that you have
access to this online program.
To access your MyAccountingLab online course for the first time, you need to register and log in. Whenever
you want to use MyAccountingLab after that, you just need to log in. You can do both from the same starting
point, at www.myaccountinglab.com.
To register for MyAccountingLab
To register, you will need a student access code and a course ID.
If you purchased a new textbook, it should have come with a Student Access Kit that contains a code you can
use to register. If you do not have a Student Access Kit, you can purchase access online with a major credit
card.
Course ID:
Course
Name:
XL0J-91G2-101Y-5RJ2
ACCT116a Financial Accounting (Online) CRN 50
1. Go to www.myaccountinglab.com and click the Student button, in the Register section.
2. Enter the course ID, XL0J-91G2-101Y-5RJ2 and click Next.
3. Choose to register an access code (came with your new book) or purchase access if you don’t have an
access kit/code.
4. Click the button to proceed to registration.
5. Follow the instructions to create your account (school zip code required to complete).
6. Click the link to login. You’ll be directed to www.myaccountinglab.com, where you can enter the user
name and password you just created. Click the login button.
7. The first time you enter the site, you will need to choose how you will work in MyAccountingLab.
Select the " I am taking a course that is using MyAccountingLab, and need to enroll in my instructor's
course." option.
8. You’ll be asked to enter a course ID. Re-enter your course ID, XL0J-91G2-101Y-5RJ2.
9. Be sure to click on the Browser Check link on the Announcements page or in the upper right of the
screen the first time you login and anytime you use a new computer. This wizard will walk you through
the installation of the software you will need to use the MyAccountingLab resources (such as Flash).
Note: the software may already be installed in the school lab, so in that case check first with your lab
administrator.
To log into MyAccountingLab
1. Go to http://www.myaccountinglab.com
2. Enter your personal user name and password you just created, and click Log In (or hit the enter key).
Need More Help?
Additional help can be found on www.myaccountinglab.com on the Support tab, under Student Support.
6
CRITERIA
DISCUSSION BOARD GRADING RUBRIC
Full Points
Most Points
Partial Points
Timeliness and
Frequency of
Posts
Student posts within
the deadline.
Relevancy and
Completeness
Student's initial post
thoroughly addresses
all aspects of the
question(s), and
responses to other
students directly
address their initial
postings with
augmentation,
correction, challenges,
and insightful
questions.
Knowledge of
Class Materials
Student's postings
show thorough
knowledge of the
section's textbook
reading and websites,
including relevant
quotations and other
references.
Contribution to
Learning
Community
Student's postings
support the creation of
knowledge by going
beyond what was in
the readings to add
insights taken from
personal experience,
other classes, outside
readings, and
research. Student's
responses to other
students support their
pursuit of greater
knowledge, and are
respectful, helpful and
encouraging, even
when providing
correction or raising
objections.
No Points
Student does not post
within the section
deadline.
Student's initial post
addresses some
aspects or questions,
but is incomplete or offtopic, and responses to
other students are
mostly unsupported
agreement,
disagreement, or
encouragement.
Student's initial post is
off-topic and doesn't
address questions,
and responses are
"me toos" or
discouragement.
Student's postings show
general knowledge of
readings and websites.
Student's postings
show vague knowledge
of topic.
Student's postings
show no knowledge of
topic or convey
serious
misunderstandings
about the topic that
should have been
corrected by doing the
reading.
Student's postings ask
and answer insightful
questions and add to the
course knowledge base
through information
taken from personal
experience and
understanding of the
class readings. Student
responses to students
are polite.
Student's postings
answer questions and
do not intentionally
insult classmates or
their opinions
Student's postings
deliberately show
disrespect for other
class members.
Student's initial post
addresses most aspects
of the question(s), and
responses to other
students address their
initial postings.
7