BUS 214-01 MW 8:10 in room 209 FINANCIAL ACCOUNTING winter 2015 Office Hours in room 03-319: MW 10:00-11:30 TR 12:00-1:30 Tad Miller 756-2831 cmiller@calpoly.edu There will be no office hours on the day of an exam TEXTBOOK AND SUPPLEMENTAL MATERIALS Financial Accounting, Harrison, Horngren, Thomas, 10th Edition, Pearson, Prentice Hall 2013 With the textbook, you may have also purchased online access to MyAccountingLab. Which provides online demos, videos, and additional chapter problems with solutions. You will need a calculator for the exams. PDA’s and cell phones are not allowed during examinations. COURSE DESCRIPTION This course introduces the basic concepts of financial accounting. It covers measurement, recording and use of financial information in business decisions. Topics covered include: transaction analysis, data accumulation, theoretical concepts and the underlying assumptions used in the accounting process. COURSE LEARNING OBJECTIVES Upon successful completion of the course the student will be able to: 1. Apply knowledge to identify opportunities and solve business problems. 2. Demonstrate the use of the principles, procedures, and concepts underlying the primary financial statements. 3. Develop a basic working vocabulary necessary to understand business transactions and its use to record accounting information. 4. Demonstrate knowledge of the double-entry accounting system by inputting transactions, processing input and preparing the financial statements. 5. Understand the need for accounting information to balance stakeholder and the public interest. 6. Classify types of business transactions as operating, investing or financing activities. 7. Demonstrate analytical skill in solving problems. 8. Recognize the major differences between partnerships and corporations and the significant attributes of corporations. RECOMMENDATIONS FOR SUCCESS 1. Review the course syllabus and understand course assignments. 2. Attend all class meetings, participate in class discussions, ask questions and practice. Most of us need to work additional home work problems. 3. Read the chapter and work the homework problems before class. 4. MyAccountingLab is an excellent resource which provides immediate feedback. 5. Study with other students and see if you can explain logic for the homework problems. 6. Participate in class discussions! Students are generally fearful of speaking in class. Now is the appropriate time to overcome that fear. 7. Well designed college classes require two to three hours of study outside of class for every hour in class. If you want to do well, plan on spending this much time. 8. If you feel you need help, please approach me as soon as possible. Please do not wait until it is too late. EXAMINATIONS Two midterm exams and a comprehensive final exam will be given during the quarter. Exams will consist of problems and short answer questions. Examinations are based on lectures and reading material. There will not be makeup exams. If extenuating circumstances (e.g. severe illness, death in the family) require you to miss an exam you must notify me prior to the exam. If I find the situation truly merits your missing the exam, I will re-weight your other exams. HOMEWORK, PARTICIPATION AND ATTENDANCE Reading and homework should be completed before class. Many of the assigned problems will be reviewed in class. We will have frequent quizzes to monitor the progress of the class. Consistent preparation of assignments will be essential to succeed in accounting courses. Individuals will be expected to participate in class. GRADING Course grades will be based on examination results. There are no extra credit projects. EXAMINATIONS (2 @100 pts) Quizzes in aggregate FINAL EXAMINATION TOTAL 200 100 100 400 + A+ B - 87.0 + C - 77.0 D 93.0 83.0 73.0 90.0 80.0 70.0 60.0 If you miss class, you are responsible for keeping informed of possible changes to the syllabus. If you have questions regarding your grade on a test, please discuss this with me before the next test is scheduled TUTORING Upper division accounting students are available to help Accounting 214 and 215 students with basic financial accounting questions. The Accounting Tutoring Lab is located in the computer lab on the 3rd floor. Hours are Monday-Thursday. Specific hours will be posted. ACCOMMODATIONS FOR STUDENTS WITH DISABILITIES If you believe you have a learning disability requiring an accommodation, please see me and contact the Student Affair’s Disabled Resource Center in the Student Services Building. The phone number is 756-1395. INSTRUCTOR & UNIVERSITY POLICIES Be sure you have the necessary time to succeed in this class. I encourage you to use my office hours to discuss any problems you have with the material or to check your grades. Concepts can be more readily understood when discussed in a small group setting In order to withdraw after the second week of instruction, students must have a serious and compelling reason. The Chair of the Accounting Area will verify and evaluate the reason. Honesty is expected, it is absolutely necessary to preserve the integrity of the individual, the institution and the degree conferred by the University. HAVE A GREAT QUARTER AND I LOOK FORWARD TO WORKING WITH YOU!!! BUS 214 Winter 2015 myAccountingLab course ID is miller69581 Syllabus for the 10th edition CH 1/5 topic M assignment Intro to Financial Statements and to the use of Excel video - on YouTube at https ://www.youtube.com/wa tch?v=3KvZDo0qbVI Follow up in Fin Statements and more about Excel 1/7 W . video - on YouTube at https ://www.youtube.com/wa tch?v=Q_l d44ks i T4 1 Intro to Fin Statements 7, 17, 20, 15 likely to have quiz over today's assignment 1/9 M 1 Intro to Fin Statements 8, 14, 60(1A) videos - vocab words, 1A likely to have quiz over today's assignment 1/14 W 2 Transaction Analysis 1, 4, 10, 12, 15(2A), 17, 34(2B), 59, 63(2C) videos - 2A, mid chapter summary, 2B, 2C excel, 2C Jnl & GL 1/19 M Holiday - but our class meets tomorrow on Tuesday 1/20 Tues 3 Accrual Accounting 1, 7, 9, 14 likely to have quiz over today's assignment 1/21 W 3 Accrual Accounting 19, 20(3A), 22, 39(3B), 66(3C), 67, 17 videos - 3A, 3B, 3C 1/26 M 1/28 W Exam over CH 1-3 likely to have quiz over today's assignment 4 Cash p. 242-249 +261 47, 48(4A), 52 video - 4A likely to have quiz over today's assignment 2/2 M 5 Receivables 4(5A), 15(5B), 8, 9, 17 videos - intro, 5A, 5B likely to have quiz over today's assignment 2/4 W 5 Receivables 50(5C), 51(5D), 57, 58, 20(5E), 22, 31, 10 videos - 5C, 5D, 5E likely to have quiz over today's assignment 2/9 M 6 Inventoy 1, 11(6A), 50(6B), 60(6C), 69, 65(6D), 56 videos - 6A, 6B, 6C, 6D likely to have quiz over today's assignment 2/11 W 6 Inventory 55(6E), 64, 33, 17, 20, 6, 75 video - 6E 2/16 M Holiday - No class 2/18 W Exam over CH 4-6 2/23 M 7 Plant Assets likely to have quiz over today's assignment 18, 58(7A), 16(7B), 61(7C) videos - review, 7A, 7B, 7C likely to have quiz over today's assignment 7 Plant Assets 2/25 W 21(7D), 39, 8, 23, 41 video - 7D 9 Liabilities likely to have quiz over today's assignment 3/2 M 9 Liabilities 1, 19(9A), 17(9B), 16(9C), 8, 7 videos - 9A, 9B, 9C likely to have quiz over today's assignment 3/4 W 9 65(9D), 74, 67(9E), 76, 39(9F), 68, 77, 40(9G), 29, 44 videos - 9D, 9E, 9F, 9G 3/9 M 10 guest speaker Matt Sapp 3/11 W 10 Stockholders' likely to have quiz over today's assignment 19(10A), 72(10B), 25(10C), 26(10D), 27, 18 15 videos - 10A, 10B, 10C, 10D Final Friday 214-01 Friday March 20 7:10 - 10:00 previous Syllabus from the 9th edition 3/31 M 4/2 W Hol i da y 1 Intro to Fin Statements 7, 17, 20, 15 likely to have quiz over today's assignment 4/7 M 1 Intro to Fin Statements 8, 14, 59 videos - vocab words, 1-59 likely to have quiz over today's assignment 4/9 W 2 Transaction Analysis 1, 4, 10, 12, 15, 18, 36, 63, 69 videos - 15, mid chapter summary, 36, 69 excel, 69 Jnl & GL 4/14 M 3 Accrual Accounting 4/16 W 3 Accrual Accounting 1, 7, 9, 14 likely to have quiz over today's assignment 20, 22, 24, 47, 76, 77, 17 videos - 47, 22, 76 4/21 M Exam over CH 1-3 likely to have quiz over today's assignment 4/23 W 4 Cash p. 242-249 +261 51, 58, 59 video - 58 likely to have quiz over today's assignment 4/28 M 5 Receivables 5, 23, 9/10, 12, 25 videos - intro, 5, 23 likely to have quiz over today's assignment 4/30 W 5 Receivables 63, 64, 70, 71, 29, 32, 44, 14 videos - 29, 63/64 likely to have quiz over today's assignment 5/5 M 6 Receivables 2, 15, 54, 64, 73, 60, 69 videos - 15, 54, 64, 60 likely to have quiz over today's assignment 5/7 W 6 Inventory 59, 68, 37, 21, 24, 9, 76 video - 59 5/12 M Exam over CH 4-6 likely to have quiz over today's assignment 5/14 W 7 Plant Assets 18, 66, 16, 61 videos - review, 66, 16, 61 likely to have quiz over today's assignment 7 Plant Assets 5/19 M 21, 25, 8, 23, 41 video - 7-21 9 Liabilities likely to have quiz over today's assignment 5/21 W 9 Liabilities 1, 19, 17, 16, 8, 7, videos - 19, 17, 16 5/26 M Holiday - class will meet on Tuesday likely to have quiz over today's assignment 5/27 tues 9 67, 76, 69, 78, 40, 70, 79, 41, 30, 46 videos - 67, 69, 40, 41 5/28 6/2 6/4 W M W 10 Stockholders' Equity 10 Stockholders' Equity 20, 72, 28, 29, 31, 17 Enroll students Students need to have three things before they can register and enroll in a new course: Course ID miller69581 Email address Student access code, a valid credit card, or a PayPal account A student who does not already have a Pearson account and is enrolling for the first time should go to the MyLab & Mastering website and click Get Registered for instructions. 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