Accounting 201, Fall 2014
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ACCOUNTING 201
FINANCIAL ACCOUNTING
Thursday 4:00 PM - 6:45 PM DC 123
FALL 20142 SYLLABUS
(Tentative- Subject To Change)
Instructor:
Sharon R. Morgan, MBA
Office: 782-2413, Fax: 782-2415, Cell: 250-4916
Mailing Address:
Douglas Campus - Western Nevada College
1680 Bently Parkway South
Minden, Nevada 89423
Email: sharon.morgan@wnc.edu
Office Hours: By Appointment Only
Prerequisite:
Suggested ACC 135 or permission of the instructor.
Transfer Status: Transfers to UNR and UNLV as a general elective.
Required Materials:
1. My WNC Online NSHE login ID & Password (Required for all
students).
2. Package, which includes a binder ready version of Kimmel, Accounting: Tools for
Business Decision Makers, Binder-Ready Version with WileyPlus 5.0.
Note: If students acquire a used hardbound textbook, they must also purchase
WILEYPLUS in order to do the homework assignments.
3. WileyPlus Accounting 201 URL http://edugen.wileyplus.com/edugen/class/cls401433/
4. Calculator, pencil #2 or darker lead, Scantron (4), Eraser, Straight Edge (for in class
problems, and access to computer for homework and exams.
5. Internet access or lab card for Internet access.
Course Description:
Introduces the basic principles of financial accounting for business enterprises with special
emphasis on accounting for corporations. Includes theory of debit and credit, accounting cycle,
special journals, receivables, depreciation, inventory, long-term debt, corporate capital, and
preparation of basic financial statements.
Purpose of the Course:
1. To provide information in the areas of Accounting that is vital to all those who are to
participate in the business world.
2. To develop an understanding and appreciation of accounting principles and practices
for general, vocational, and professional purposes.
3. To provide detailed information on specialized areas of the balance sheet, income
statement, stockholders equity, and cash flow statements.
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Accounting 201, Fall 2014
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Late Registration:
The last day to pay or add a full-term fall class through myWNC is Friday, August 29 for a
100% refund, after this date, a Late Registration Enrollment Request form must be submitted to
Admissions and Records, and a $25 late payment fee will apply, this is also the last day to drop
full-term classes for a 100% refund. In addition, an instructor signature/approval during the
second week of classes must be obtained. Even exchange of credits begins on Tuesday,
September 02, with submission of Even Exchange Request form to Admissions and Records, and
will end on Monday, September 08. Students must pay for a class in full by 5 p.m. Friday,
September 5, for all classes, unless payment plan arrangements have previously been made and
paid, unpaid students may be removed from class roster.
Adds, Drops & Withdrawals:
Adds/drops may be completed at myWNC, the last day to add full term classes through myWNC is
Friday, August 29. Last day to change credit to audit or audit to credit for full-term classes
through myWNC is Friday, October 17. Dropping a full-term class must be done through
myWNC by Friday, October 24, with a "W." It is the student’s responsibility to officially
withdraw from a class; otherwise an “F” will be assigned to students who do not officially
withdraw.
Grading:
Four examinations (100 points each)
Class Participation
Homework
Total
400 points
100 points
100 points
600 points
Letter Grade scale:
A = 558 to 600 points
A- = 540 to 557 points
B+ = 522 to 539 points
B = 498 to 521 points
B- = 480 to 497 points
C+ = 462 to 479 points
C = 438 to 461 points
C- = 420 to 437 points
D+ = 402 to 419 points
D = 378 to 401 points
D- = 360 to 377 points
F = 0 to 359 points
(93% to 100%)
(90% to 92.9%)
(87% to 89.9%)
(83% to 86.9%
(80% to 82.9%)
(77% to 79.9%)
(73% to 76.9%)
(70% to 72.9%)
(67% to 69.9%)
(63% to 66.9%)
(60% to 62.9%)
( 0% to 59.9%)
The instructor reserves the right to lower the above scale, but not to increase the above scale.
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Accounting 201, Fall 2014
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Examinations:
Four (4) take-home examinations will be given to students during the semester worth 100 points
each. They will consist of multiple choice questions and problems. The exams may cover all
material assigned, whether or not explicitly covered in class. Exams must be taken at the time,
and place announced unless prior arrangements have been made with the instructor. Unexcused
absences will result in a grade of zero on the exam.
The instructor will make every attempt to grade the exams expeditiously, and review the results
with the class during the next class meeting after the exam. Each student should have for the
exam, a calculator, #2 or darker lead pencil, scantron, eraser, and straight edge.
Class Cancellation:
In the case of a class cancellation, all students will be notified through MyWNC, so please check
your messages.
Disability Services:
A student with a disability that needs accommodation should contact the Disability
Support Services Office (Bristlecone 103) to arrange for appropriate accommodations.
Academic Integrity and Student Conduct:
Student conduct shall conform to the standards of conduct as set forth in the Western Nevada
College Catalog. Plagiarism or Cheating in any form or manner shall result in an automatic
grade of “F” for the semester.
Written Assignments (Homework):
Homework should done online using the Wiley PLUS Homework Manager System which
comes with a new textbook purchase. If you purchased a used textbook, you may have to
purchase the Wiley PLUS access separately. You will have an access code which allows you to
access the Wiley PLUS website. The system formats all the homework for you and gives you
helpful hints as you attempt each problem. It also gives you immediate feedback on whether or
not your homework is correct. You will have an unlimited number of attempts.
Homework will be assigned a total of twelve (12) times during the semester. Each day's
assignment will be allocated a score of between 0 and 12 points. Wiley Plus may have more or
less, than 12 points assigned to a particular assignment. HW points will be assigned based on
effort, so that a student can still receive full credit for homework even if the answers are not
correct. Although the maximum points assigned are 100, only a maximum of 100 points will be
allowed toward the final grade. The appropriate text chapters should be read carefully, and in full
before attempting the assignments. Students are expected to work through all of the assigned
problems prior to the class period for which they are assigned. Late homework will not be
accepted unless prior arrangements have been made with the instructor.
Please note that the textbook offers more exercises and problems at the end of each chapter than
will be assigned. The assigned problems are the minimum, which should be completed to
ensure an understanding of the material. If a student is not fully comfortable with the material
after doing the assigned problems, working additional exercises or problems is recommended.
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Working homework problems with other students is encouraged; however, each student must be
logged in to their own account in order to receive credit.
See the accompanying assignment schedule for homework assigned.
Attendance, Class Participation, and Cell Phone Policy:
Attendance:
Attendance will be taken daily. Students can adequately learn the course content only if attending
class on a regular basis. The instructor will present material in addition to that found in the
textbook. Excessive absences will be unacceptable. No distinction is made between an excused
absence and an unexcused absence except on examination days. Attendance will be reflected in
the class participation component of the grade, which will include a maximum of 100 points
toward the final grade.
Class Participation:
Students are encouraged to ask questions and participate in class discussion and may be called
upon to answer questions in class. Class participation will count a maximum of 100 points toward
the final grade, and will include attendance. An appropriate quotation might be "The only dumb
question is the one that is not asked”.
Cell Phones and Other Electronic Devices:
Cell phones and other electronic devices should be turned off, when in class. Any use of cell
phones or other electronic devices in class may negatively affect the class participation and
component of the grade.
Douglas Acc 201 Fall 2014
Accounting 201- Fall 2014, Assignment Schedule
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ACCOUNTING 201
FALL 2014 SYLLABUS
FINANCIAL ACCOUNTING
Thursday 4:00 - 6:45 PM DC 125
DOUGLAS ASSIGNMENT SCHEDULE
(TENTATIVE - SUBJECT TO CHANGE)
Day
Date
Thu
Aug 28
Chapter
1
Thu
Thu
Sep 04
11
18
Thu
25
Topics
Introduction to Syllabus
Intro to Financial Statements
2
3
1-3
A Further Look at Financial Statements
The Accounting Information System
Review Exam I Chapters 1, 2, & 3
1-3
Exam I Due Today
4
Accrual Accounting Concepts
Merchandising Operations and the MultipleStep Income Statement
Reporting & Analyzing Inventory
Thu
Oct 02
5
Thu
09
6
Thu
16
4-6
Review Exam II Chapters 4, 5, & 6
Thu
23
4-6
Exam II Due Today
Fraud, Internal Control, and Cash
7
8
Appx E
Reporting and Analyzing Receivables
Appendix E – Reporting and Analyzing
Investments
Reporting and Analyzing Long-Lived Assets
Thu
30
Thu
Nov 06
9
Thu
13
7-9
7-9
10
Review Exam III Chap 7, 8, 9 & App E
Exam III Due Today
Reporting and Analyzing Liabilities
Thu
20
11
Reporting and Analyzing Stockholders’ Equity
Thu
27
Thu
Dec 04
12
Thu
11
10-12
Assignments
E1-3, 8, 9,10, 13,17; P1-3A;
BE1-1 & 2
Due 09/04
E2-1,6,8, 12; P2-1A, 7A;
BE2-2, 4
Due 09/18
E3-3, 6, 8; P3-3A, 4A, 5A; 7A;
BE3-1 & 3
Due 09/25
Take Home Exam
Take Home Due Today
E4-2, 5, 9, 14; P4-2A, 5A,7A;
BE4-1 & 3 Due 10/02
E5-2, 8 10, 13; P5-3A, 9A &
BE5-2, 7
Due 10/09
E6-3, 9, 10, 14; P6-2A, 9A &
BE6-1, 4
Due 10/16
Take Home Exam
Take Home Due Today
BE7-4, 6, 7, 8, 13; E7-3, 10, 14;
P7-3A, 5A, 7A & BYP7-2
Due 10/30
E8-3, 5, 6, 8, 15: P8-2A, 6A
& BE8-1, 2,3
EE-1, 3 & PE-2 Due 11/06
E9-2, 3, 5,7, 10 & P9-4A, 7A
Due 11/13
Take Home Exam
Take Home Due Today
E10-1, 4, 5, 7, 22 & P10-7A,
8A, 13A
Due 11/20
E11-2, 4, 6, 7, 14; P11-2A, 8A
Due 12/04 -
Thanksgiving Day – No Class
Statement of Cash Flows
E12-1, 5, 8, 9 & P12-1, 7
Due 12/11
Review Exam IV Chapters 10, 11 & 12
Exam Due 12/13
Douglas Acc 201 Fall 2014