UNIVERSITY of BRIDGEPORT SCHOOL of BUSINESS ACC 101 (Section 12) PRINCIPLES OF ACCOUNTING Spring 2013 Professor: Michael Maccarone STUDENT SYLLABUS Room: Mandeville 3 Class Schedule: M/W 11:00 - 12:15pm 3 Credit Hours My office is located in Mandeville Hall, Room TBD Telephone number (School) 203-576-4008, Email: firstname.lastname@example.org Web Page: http://www.bridgeport.edu/pages/5076.asp Office hours: TBD Required Text: FINANCIAL and MANAGERIAL ACCOUNTING, Warren Reeve Duchac, 12th Edition ISBN -978-1-285-08534-0 South-Western Publishing, 2012 Chapters are available for purchase from www.ichapters.com. Course Description: An introduction to the basic principles of accounting and how to account for business transactions. Emphasis on the understanding of how financial statements are prepared and how they are used as a basis for decision making by business owners, investors, creditors, government and others interested in the financial condition of an economic entity and the results of its operations. Course Objective: To gain an understanding of financial accounting and the role of accounting information in the overall management and evaluation of an economic entity. To introduce students to the use of the accounting methods and procedures. To present to students the various forms of solving the accounting problems using different approaches. Components of Course Grade: Exam 1 30% Exam 2 30% Final Exam (Exam 3) 30% Class Participation 10% Criteria for Evaluation of Class Participation: 1) Participation Students will be evaluated on their demonstrated ability to understand an assigned question, correctly identify the approach to solving the problem, select the appropriate data to use in the solution, select and use the proper quantitative or other analytic tool for the solution, and communicate effectively their response to the question. 2) Attendance Attendance will be taken at the beginning of each class. You are expected to be in attendance at the start of each class. Habitual late attendance will be marked against class participation. 3) Homework Students are expected to be prepared for each class. This includes having read any material assigned, and having completed the assigned problems. Homework will be collected at the end of each topic/chapter. 4) Disruptive Talking “Disruptive talking” is talking and/or interfering while the teacher is lecturing, or while a classmate is asking/answering a question in class. Disruptive talking will be marked against class participation. Make-up Test Policy: You are expected to take Exam 1 and Exam 2 on the dates indicated. If you miss either Exam 1 or Exam 2, you must take a make-up, and will receive a ten-point (10) penalty on the make-up (e.g. if you earn a grade of 90 on a make-up exam, you will receive a grade of 80). NOTE: THERE IS NO MAKE-UP FOR THE FINAL EXAM. Miscellaneous Notes: There will be NO MAKEUP for missed classes or assignments. It is your responsibility to contact a classmate to obtain notes if a class is missed. A zero grade will be assigned for any missed work. No electronic devices (except calculators) are allowed in class. Cell phones should be turned off. The use of a pencil for homework and exams is highly recommended. CHEATING - Any student found cheating on an exam will receive a grade of zero (0) for the exam. Academic Honesty Standards: It is the student’s responsibility to familiarize himself or herself with and adhere to the standards set forth in the policies on cheating and plagiarism as defined in Chapters 2 and 5 of the Key to UB http://www.bridgeport.edu/pages/2623.asp or the appropriate graduate program handbook. Syllabus is subject to change. Key Dates: Monday Wednesday Wednesday Wednesday Wednesday xxxxxxxx 9/2 - Labor Day No Class 9/25 – Exam 1 (Preliminary date) 10/30 – Exam 2 (Preliminary date) 11/27- Thanksgiving Recess 12/4 – Last Class 12/xx – Final Exam (Exam 3) TENTATIVE ASSIGNMENT SCHEDULE Class Date Topic Homework Aug 26Sept 4 Chapter 1 Introduction to Accounting and Business Write answers to Discussion Questions. Do Practice Exercises (PE) “A” only. Do Ex 1-7, Ex 1-12, Ex 1-13 Ex 1-20, Ex 1-25; PR 1-2A Sept 9 Sept 23 Chapter 2 Analyzing Transactions Write answers to Discussion Questions. Do Practice Exercises (PE) “A” only. Do Ex 2-3, Ex 2-4, Ex 2-5 Ex 2-6, Ex 2-7, Ex 2-9, Ex 2-13; PR 2-1 Sept 25 Exam 1 Sept 30 Oct 9 Chapter 3 The Adjusting Process Write answers to Discussion Questions. Do Practice Exercises (PE) “A” only. Do Ex 3-10, Ex 3-11, Ex 3-13, Ex 3-18, Ex 3-20, Ex 3.26; PR 3-3A Oct 14 Oct 28 Chapter 4 Completing the Accounting Cycle Oct 30 Exam 2 Nov 4 Nov 18 Chapter 5 Accounting for Merchandising Business Write answers to Discussion Questions. Do Practice Exercises (PE) “A” ones only. Do Ex 5-3, Ex 5-8, Ex 5-11, Ex 5-16, Ex 5-22. Ex 5-23; PR 5-3A Nov 20 Dec 4 Chapter 6 Inventories Write answers to Discussion Questions. Do Practice Exercises (PE) “A” ones only. Do Ex. 6-3, Ex 6-4, Ex 6-7; PR 6-1A Dec xx Final Exam Write answers to Discussion Questions. Do Practice Exercises (PE) “A” only. Do Ex 4-2, Ex 4-12, Ex 4-13, Ex 4-19; PR 4-1A.