ACCT 2300
Financial Accounting
Spring 2010
Quepha Lynn
phone: 742-2035
office: BA 407
e-mail: quepha.lynn@ttu.edu
Office hours: 9:00-11:00 a.m. TT
& by appointment
Required Course Materials
Financial Accounting, 6th ed., Porter & Norton, softbound book; and a very basic four-function calculator for exams
Course Objective
To introduce students to the components and structure of financial statements, to discuss the ethical issues
surrounding the preparation of financial statements, and to educate students in the preparation and use of financial
statements.
Learning Outcomes
Upon successfully completing this course, students will be able to:
 Describe the objectives of financial reporting
 Understand the accounting cycle
 Identify account names and their characteristics
 Demonstrate the effect of business transactions on the accounting equation
 Apply accounting assumptions, principles, and constraints to measure, record, and interpret business
transactions
 Use the rules of debit and credit to record transactions
 Combine individual measurements of accounting elements into financial statements
 Demonstrate an understanding of the relationships of the elements on the financial statements
Assessment Methods
The expected learning outcomes for the course will be assessed through exams, in-class application activities,
homework, and quizzes. To be successful, you must devote sufficient time and attention to homework and
assignments. Although they count, in the aggregate, for 20% of your final course grade, those who do not actively
participate in the learning process, through completion of these activities and reading assignments, will find that
they do not do as well on examinations. Thus, homework, assignments, etc., will have an indirect impact on your
final course grade as well.
Course activities will carry the following weights:
Departmental Exams (3)
Final Exam – Comprehensive
Homework, Group work, etc.
Total
300 points
100 points
100 points
500 points
To receive an A, you must accumulate 450 points; for a B, you must accumulate 400 points, 350 for a C and 300 for
a D. Please note that the grading process is a mathematical calculation of the components listed above. Your grade
is not negotiable or open for bid at the end of the semester. Extra credit is not available. All students will be graded
equally and fairly. If you come to class regularly, read the assigned material, do the assigned exercises, participate
in class discussion and group work activities, and study for the exams, you should do well in this course and feel
good about what you have achieved. Your success is important to us.
Exams
The regular exams and final exam are uniform for all ACCT 2300 Financial Accounting classes. The final
exam will be comprehensive. Exams are closed book and closed notes. No electronic devices may be used
except for the calculator. Cell phone calculators are not allowed.
All regular exams are scheduled from 6:30 to 8:00 p.m. in the evening. The final exam will be given on
Monday afternoon, May 10, from 4:30 – 7 p.m.
If one of the regular exams must be missed due to official university activities, the student will be allowed
to take the exam early if prior notification is provided. If one of the regular exams must be missed due to a
legitimate reason approved by the instructor (illness, death in family), the student will be allowed to double
the comprehensive final exam. Exams generally will not be taken late.
A photo ID is required for all exams.
Graded exams will be kept by the instructor until the end of the semester. Students may review the graded
exams during scheduled office hours.
Academic Dishonesty
Cheating will absolutely not be tolerated. Any student found cheating on any assignment will receive an F
for the course. In egregious circumstances, your instructor, with the full support of the Director of the Area
of Accounting, will pursue more substantial sanctions, up to and including expulsion from the College or
University. Do not test this policy. Integrity is a minimum requirement for all students participating in
accounting courses in the College of Business. Those who lack it should not plan to enroll in subsequent
accounting courses.
Disabling Conditions:
Any student who, because of a disabling condition, may require special arrangements in order to meet
course requirements should contact the instructor the first week of classes to make necessary
accommodations.
Civility in the classroom
The Texas Tech University Provost has asked that the following statement be included in this syllabus:
“Students are expected to assist in maintaining a classroom environment which is conducive to
learning. In order to assure that all students have an opportunity to gain from time spent in class,
unless otherwise approved by the instructor, students are prohibited from using electronic devices,
challenging instructor’s authority, eating or drinking in class, coming in late or leaving early,
making offensive remarks, reading newspapers, sleeping or engaging in any other form of
distraction. Inappropriate behavior in the classroom shall result in, minimally, a request to
leave class.”
Religious Holidays
A student who is absent due to a religious holy day will be allowed to take an exam or complete an
assignment missed on that day.
Changes
Any changes in assignments or due dates will be announced in class. It is the responsibility of each student
to attend class and become aware of such changes.
Course Website
The website for ACCT 2300 is http://accounting2300.ba.ttu.edu. It contains the syllabus, sample exams,
review session information and exam locations.