JOHNS HOPKINS UNIVERSITY
CENTER FOR LEADERSHIP EDUCATION
THE WILLIAM P. CAREY PROGRAM IN ENTREPRENEURSHIP AND
MANAGEMENT
660.203.02 – Financial Accounting
Spring 2009
Tuesdays 6:15 – 9:00
Shaffer 2
Instructor:
Lynn Kingsley, CPA, MS
Rm. 104, Whitehead Hall
e-mail:lynnkingsley@comcast.net
Office Hours: 5:15 – 6:00 Tuesdays, or by appointment
Teaching Asst:
Shane Betman
e-mail: sbetman@jhu.edu
cell: 732-757-5927
Office Hours: 1:00 – 2:00 Thursdays
Course Description:
In this course we will study how accountants analyze and report business transactions using
financial accounting. No prior accounting knowledge or skill is required for successful
completion of this course.
Required Text:
Libby, Robert, Libby, Patricia A. and Short, Daniel G., Financial Accounting, 6th Edition, 2009,
McGraw-Hill Companies, Inc,. New York, NY.
Companion website: www.mhhe.com/libby6e
Course Objectives:
Upon completion of this course, the participant will be able to:
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Understand basic financial accounting terms and concepts
Understand, prepare, and analyze basic financial statements
Identify and properly treat basic accounting transactions
Analyze and communicate basic accounting data
Use basic accounting data to make effective financial decisions
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Class Communications
This class will utilize WebCT which can be accessed at www.webct.jhu.edu using your JHED
user id and password. All handouts and communications will be posted on this site. It is
expected that you monitor this site regularly.
Class Topics and Homework Assignments:
Date
Class Discussion
2/3
Introductions, Financial Statements,
Players, and History of Accounting
Transaction Analysis and Conceptual
Framework
Adjusting Financial Statements
Sales Cycle
Review for Mid Term I, Financial
Statement Analysis and Earnings
Management
Mid Term I
Reporting and Interpreting Cost of Goods
Sold and Inventory
Property, Plant and Equipment
Liabilities, Part I and Bonds
Liabilities, Part II, Review for Mid Term
II
Mid Term II, Owner’sEquity,
Cash Flows, Review for Final
Cumulative Final
2/10
2/17
2/24
3/3
3/10
3/24
3/31
4/7
4/14
4/21
4/28
5/12
Readings Homework Due
Due
Ch.1, 5
Ch. 2-3
Ch. 4
Ch. 6
Crazy
Eddie’s
E1-2, E1-5, E1-7, E1-9, E1-12,
E1-13, P1-3, CP1-1, CP1-3
Chapter 2,3
Chapter 4
Chapter 6
***Handout to be turned in***
Ch. 7
Ch. 8
Chapter 7
Ch. 9, 10 Chapter 8
Chapter 10
Ch. 11
Ch. 13
Chapter 11, 13
Grading Elements:
Mid-Term Exams*
Mid-term exams will be given on March 10th, and April 21st. They will consist of multiple
choice questions, true/false questions, short answer questions, and problems. Calculators will be
allowed. The content covered by these exams is as follows:
Exam I - Chapters 1-6
Exam II – 7 - 10
Final Exam*
A cumulative final exam will be given during finals week. Senior option is not allowed. This
exam will take approximately 2 ½ hours and will consist of multiple choice questions and
problems. Calculators will be allowed. Although the final exam is cumulative, since chapters 11
and13 have not been previously tested, they will be more heavily weighted on the final.
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* NOTE: Make-up exams are given at the discretion of the instructor and will be granted only in
extreme circumstances. Travel plans, job interviews, and lack of preparedness are not valid
reasons for make-up exams.
Quizzes and Homework
Quizzes will be given every week there is not a Mid-Term Exam. The lowest two quiz scores
will be dropped. Except for the handout on March 3rd, homework assignments are not required
to be turned in. However, it is expected that participants come to class prepared to discuss the
solutions if asked. Also, once a semester, a student may volunteer in advance to present a
solution to the class in exchange for an additional dropped quiz grade. The problems eligible for
students to present are indicated on the homework sheet with an asterisk. These are assigned on
a first-come basis.
Class Participation
Attendance, preparedness, and class participation are critical to your success in this course. The
class participation grade will be based on attendance, preparedness to discuss homework and
reading assignments and willingness to participate in class discussions.
Weighting of Grading Elements:
Each grading element will be weighted as follows:
Element
Exam I
Exam II
Cumulative Final
Quizzes and Homework
Class Participation
Value
25%
25%
35%
10%
5%
100%
Letter grades will be assigned as follows:
Letter Grade
A+
A
AB+
B
BC+
C
CD
F
Percentage
97-100
93-96
90-92
87-89
83-86
80-82
77-79
73-76
70-72
60-69
Below 60
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Second Chance Policy
The material for the course builds on itself; therefore, it is important to understand the material
from the earlier chapters to be able to understand the material from the later chapters. Given this
situation, if your final exam grade is higher than your lowest test grade, the final exam grade will
substitute for that test grade. In other words, the final would be weighted 60%. The weights of
the other midterm, quizzes and class participation would remain the same.
College Policy Regarding Student Disabilities:
If you have a disability that requires special testing accommodations or other classroom
modifications, please present a letter from Dr. Richard Sanders (Director of Academic Advising
in Arts & Sciences) stating the disability and the exact accommodations needed. I will do my
best to accommodate you in any way. Please do not be shy about coming forward.
Ethics Policy
The strength of the university depends on academic and personal integrity. In this course, you
must be honest and truthful. Ethical violations include cheating on exams, plagiarism, reuse of
assignments, improper use of the Internet and electronic devices, unauthorized collaboration,
alteration of graded assignments, forgery and falsification, lying, facilitating academic
dishonesty, and unfair competition.
Report any violations you witness to the instructor. You may consult the associate dean of
student affairs and/or the chairman of the Ethics Board beforehand. See the guide on “Academic
Ethics for Undergraduates” and the Ethics Board Web site (http://ethics.jhu.edu) for more
information.
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