University of Texas at Arlington
College of Business Administration - Department of Accounting
Spring 2011
Course Title: ACCT 3311-002 – Financial Accounting I
Class Meeting Times: Tues/Thurs 5:30 – 6:50pm, COBA 348
Instructor: Carly Andrews, MBA, CPA, CIA
Office Phone: 817-272-2736
Email: candrews@uta.edu (Email is the quickest way to reach me)
Office Location: COBA 409A
Office Hours: Tues/Thurs 11am -1pm or by appointment
DISCLAIMER: CHANGES TO THIS SYLLABUS (INCLUDING EXAM DATES) MAY OCCUR
DURING THE SEMESTER AT THE DISCRETION OF THE PROFESSOR.
TEXT: Kieso & Weygandt, Intermediate Accounting, thirteenth edition, Wiley
COURSE PREREQUISITE: Grade of C or higher in ACCT 2302 and successful completion of
accounting entrance exam required
COURSE DESCRIPTION: The environment of accounting, development of standards, basic
theory, financial statements, annuities and present value, receivables, inventories, liabilities, plant
assets, depreciation and depletion, and intangible assets
COURSE OBJECTIVES: This course is the first course in Financial Accounting. The Financial
Accounting courses are designed to teach the concepts and procedures underlying the
measurement and reporting of financial information. These courses are central to the education
of any student aspiring to a career as a professional accountant. Upon completion of this course,
the student will;
1) demonstrate their understanding of the presentation of different financial statements
2) demonstrate the ability to recognize, measure, record and analyze and interpret pertinent
accounting elements within financial statements and
3) demonstrate a basic knowledge of the various components of the reporting process that they
have a basic general knowledge of the accountant's impact on the economy and the financial
markets.
These courses provide valuable training for students whose career goals are in finance or other
fields that are dependent on financial accounting and reporting as an important source of data.
COURSE GRADING: Course grades will be assigned based on the total number of points earned
during the semester. Points are allocated according to the following:
EXAM I
100
EXAM II
100
EXAM III
100
FINAL EXAM
150
Quizzes 10 @ 10 points each
100
Total Points
550
As a general rule the percentage of points to achieve a certain letter grade will be as follows:
90% or more = A 70% - 79% = C
less than 60% = F
80% - 89%
=B
60% - 69% = D
EXAMS:
a. Each of the Exams is required.
b. When you take an Exam, the grade will be recorded and CANNOT be dropped.
c. If you miss an Exam, a zero will be recorded.
d. If you miss an Exam for Medical reasons or for a valid university approved excuse; If the
doctor’s written excuse or university approved excuse paperwork are in order; then the student’s
percentage score on the Comprehensive Final Exam will replace the previously recorded zero.
This substitution can only occur for one missed exam. Any other missed exam will keep the
recorded zero grade.
e) All exams will be primarily based on a multiple choice format. Other exam formats can
include, but not be limited to, short answer, essay, and problems. A zero will be given for a
missed exam and there are no makeup exams.
EXAM RULES:
a. Phones: On exam days, do not use your telephone for any purpose whatsoever, including
telling time.
b. Calculators: You are allowed to use a basic four function calculator or financial calculator
during exams (No scientific calculators are allowed)
c. No books or notes can be used during exams. All material you bring in with you must be set
on the floor.
e. You are required to bring a scantron sheet (Form 882-E) for each exam.
f. I reserve the right to seat and/or re-seat any student before and/or during the exam.
QUIZZES: There will either be a short quiz during classes or an assigned take home quiz. Inclass quizzes will usually be a single exercise-type or multiple choice quiz covering some of the
material that was covered in the prior class meeting. Take home quizzes will usually involve
more complex questions that require more time to complete. There will be at least 12 quizzes.
Your best 10 quiz grades will be counted towards the course grade. There are no make-up
quizzes. If you are not in attendance in class on the day the quiz is given or the take home quiz is
assigned you will not be able to participate in the quiz.
PREPARATION FOR LECTURE: I expect that, at a minimum, you will read the text material
before the class for which it is scheduled. The exercises and problems listed in the course
schedule are reflective of the focus of the class lectures, and it is to your benefit to attempt to
work them in advance of the lecture. The Course Schedule is a plan for the term, but please be
advised that this schedule is SUBJECT TO CHANGE at the professor’s discretion. Notice will
be given of any changes.
CLASS ATTENDANCE: Regularity of attendance and quality of class participation directly
affect the learning process. I believe that to fully understand this difficult material you should
avail yourself of the class lecture and discussions. I do not record attendance as a component of
your course grade. However, regular attendance will make it less likely that in-class quizzes are
missed. If you miss a class, I encourage you to ask another student for an opportunity to borrow
and discuss their class notes. Important handouts or announcements may be distributed or made
during classes, and it is YOUR responsibility to obtain them or learn of them from me or from
other students.
ABSENCES BASED ON RELIGIOUS BELIEFS: A student who misses an examination or
other assignment due to the observance of a religious holy day will be given the opportunity to
complete the work missed. To be eligible for this opportunity, the student must notify me in
writing of assignments/exams scheduled on dates he or she will be absent to observance of a
religious holy day. Notification must be made within the first fifteen (15) calendar days of
the semester by written correspondence, delivered to me, and acknowledged as received by me.
CHEATING: Because honesty and integrity are such important parts of an accountant’s
attributes, you should be aware that failure to perform within the bounds of these ethical
standards is sufficient grounds for discontinuance in this course. Students who violate University
rules on scholastic honesty are subject to disciplinary penalties, including failure in this course
and possible dismissal from the University.
“Academic dishonesty includes, but is not limited to, cheating, plagiarism, collusion, the
submission for credit of any work or materials that are attributable in whole or in part to another
person, taking an examination for another person, or any act designed to give unfair advantage to
a student or the attempt to commit such acts.” Regents Rules and Regulations, Part One, Chapter
VI, Section 3, Subsection 3.2, Subdivision 3.22.
Institutional procedures regarding charges of academic dishonesty are outlined in Part 11,
Chapter 2, of the Handbook of Operating Procedures of the University of Texas at Arlington,
Copies of the Handbook are available at more than 75 locations on campus, including the student
Congress Office, and Library, and the Accounting Department Office.
WITHDRAWALS: University policy relative to withdrawals will be followed.
Friday, April 1, 2011 is the last drop date for undergraduate students. The drop policies are
ever-changing, and it is your responsibility to discuss the ramifications of dropping a class with
your advisor. I do not have sufficient knowledge of your program to advise you of the impact of
dropping a class. Students must drop classes in person. You cannot drop via email,
telephone, or fax. Be especially cognizant of the last drop day and obtain all appropriate
signatures, etc. in advance of this day as I do not keep office hours on Fridays nor are university
offices open late on the last drop day.
AMERICANS WITH DISABILITIES ACT (ADA): If you are a student who requires
accommodations in compliance with the ADA, please consult with me during the first week of
the semester. As a faculty member, I am required by law to provide “reasonable
accommodation” to students with disabilities, so as not to discriminate on the basis of that
disability. Your responsibility is to inform me of the disability at the beginning of the semester
and provide me with documentation authorizing the specific accommodation. Student services at
UTA include the Office for Students with Disabilities (located in the lower level of the University
Center) that is responsible for verifying and implementing accommodations to ensure equal
opportunity in all programs and activities. Any disclosure by a student of their need for
accommodation is recognized to be extremely sensitive, and all relevant conversations and other
communications will be kept protected and confidential and disclosed only on a need-to-know
basis.
STUDENT SUPPORT SERVICES: The University supports a variety of student success
programs to help you connect with the University and achieve academic success. They include
learning assistance, developmental education, advising and mentoring, admission and transition,
and federally funded programs. Students requiring assistance academically, personally or
socially should contact the Office of Student Success Programs at 817-272-6107 for more
information and appropriate referrals.
BOMB THREATS: To reduce the number of class disruptions due to bomb threats, the College
of Business has adopted the following policy:
1. Section 22.07 of the Texas Criminal Law Statutes governs terrorist threats and classifies
bomb threats as Class A misdemeanors. Section 12.21 of the Texas Criminal Law
Statutes states that a Class A misdemeanor is punishable by: (1) a fine not to exceed
$4,000, (2) a jail term of not more than one year, or (3) both such a fine and confinement.
2. If you are tempted to call in a bomb threat, be aware that technology is available to trace
phone calls and identify callers via the use of voice print techniques.
3. Every effort will be made to avoid cancellation of presentations/tests caused by bomb
threats to the Business Building. Unannounced alternative sites will be available for
these classes. If a student who has a class with a scheduled test or presentation arrives
and the building has been closed due to a bomb threat, the student should immediately
check for the alternative class site notice which will be posted on/near the main doors on
the south side of the Business Building. If the bomb threat is received while class is in
session, your instructor will ask you to leave the building and reconvene at another
location.
4. Students who provide information leading to the successful prosecution of anyone
making a bomb threat will receive one semester’s free parking in the Maverick Garage
across from the Business Building. UTA’s Crime Stoppers will provide a reward to
anyone providing information leading to an arrest. To make an anonymous report, call
817-272-5245.
EVACUATION PROCEDURES: In the event of an evacuation of the College of Business
building, when the fire alarm sounds, everyone must leave the building by the stairs. With the
fire alarm system we now have, the elevators will all go to the first floor and stay there until the
system is turned off.
All those in the North tower side of the building should proceed to the fire escape stairs located
on the East and West sides of that wing.
For disabled persons…..please go to the Northeast fire stairs. We have an evacu track chair
located on the 6th floor stairwell. We have people trained in the use of this chair and there will be
someone that will go to the 6th floor to get the chair and bring it to any lower floor stairwell to
assist disabled persons.
Should this be a real emergency, the Arlington Fire Department and UTA Police will also be here
to help.
COLLEGE POLICY REGARDING NONPAYMENT OF TUITION: Students who have not
paid by the census date and are dropped for non-payment cannot receive a grade for the course in
any circumstances. Therefore, a student dropped for non-payment who continues to attend the
course will not receive a grade for the course. Emergency loans are available to help students pay
tuition and fees. Students can apply for emergency loans by going to the Emergency Tuition
Loan Distribution Center at E.H. Hereford University Center (near the southwest entrance).
SOLUTIONS: Solutions to the assigned text exercises will be made available on Blackboard as
the semester progresses.
CANCELLATION OF CLASSES: In the event that weather or other conditions are such that
normal campus operations could be impeded, the administration of the University will determine
whether classes will be canceled or delayed. Such information will be provided to the local
broadcast media normally no later than 6:30 am. Information may also be obtained by dialing
(972) 601-2049 or by watching TCI, Arlington’s Channel 98.
Intermediate Accounting I 3311
Assignments – Spring 2011
DATE
DAY
CHAPTER
January 18 T Introduction & Chapter 1
20 Th Chapter 1, 2
25 T Chapter 2
27 Th Chapter 3
February 1 T
2 W CENSUS DAY
3 Th Chapter 4
8 T
10 Th EXAM 1 (Ch 1 -4)
15 T Chapter 5, pp 176 - 197
17 Th Chapter 7
22 T
24 Th Chapter 8
March 1 T
3 Th Chapter 9 (plus first two
pages of appendix)
8 T
10 Th EXAM 2 ( Ch 5,7-9)
14-18
SPRING BREAK
22 T Chapter 10
24 Th
29 T Chapter 11
31 Th
April 1 F Last day to drop the class
with automatic W
5 T Chapter12
7 Th
12 T Catch-up and Review
14 Th EXAM 3 (Ch 10 – 12)
19 T Chapter 13
21 Th
26 T Chapter 6
28 Th Chapter 14
May 3 T
5 Th Review
10 T FINAL EXAM 5:30 – 8:00
pm
ASSIGNMENT
Read and Study Chapter 1
Ex : 2, 4,5
Ex: 1,10,14,17, P10
Ex : 5, 7,8,11 P3, P4a
Ex:2,4,7, P4,P5
Ex: 7,9,16,17, P5,P7
Ex : 1,6,8,9,13,17,25, P2,P11
Ex:3,4,14,19,20,22, P3, P6, P8
Ex: 5,7,8,9,18,21, P7, P9
Ex: 1,5,6,11,16,18
Ex :9, 12,17, P5
Ex: 4,9,11,13,15, P6
Ex: 1, 7, 11, 12,P5
Ex : 4,5,9,10,13,16, P2, P5,P8
Comprehensive Exam