COURSE INSTRUCTOR:
Anthony A. Carro, CPA
CLASS TIME: Fall 2012, Term A
Room: WD 126
Monday, Tuesday and Thursday, 6:00pm to 9:20pm
Wednesday September 5th
CLASS LOCATION:
OFFICE: Room 121, University Center
Office Hours: 3:30pm-5:30pm,
Monday, Tuesday and Thursday; also by appointment
Office Phone: 201-8675
Email Address: carroa@tcc.fl.edu
REQUIRED TEXTS:
Custom Textbook Flagler College-Tallahassee Intermediate II
ISBN9781121477209 , based on Intermediate Accounting , 7th Edition, Spiceland,
Sepe, Nelson, McGraw-Hill ,
Effective Writing - A Handbook for Accountants- 8 th
Edition May & May,
Prentice Hall ISBN 0136029507
Supplemental readings and resources will be used. These will be posted on this course’s LMS site in the Flagler portal
Required Resources:
You are required to have a laptop/notebook computer, for each class meeting for in-class participation and assessments. The laptop/notebook must be WI-FI compatible. Additionally, the computer must have the ability to create various business applicable software files, (e.g., Excel, Word, PowerPoint). Assignments, projects, quizzes and exams missed because of the lack of the required resource cannot be made up
1
. All assignments must be completed using a spreadsheet program compatible with MS Excel or document compatible with MS Word.
1 Low battery shutdown is not an acceptable excuse; you should always bring the power cord with you to class.

COURSE REQUIREMENTS:
I have certain expectations from you, the students. Among these are:

You are expected to attend class, engage in active learning and act professionally.

You are required to have a laptop/notebook computer, for each class meeting
2
.

You are expected to have completed the assigned readings.

You are expected to ask about problems and concepts that you do not understand and bring them up during the class . If you do not understand something, there is an excellent chance other class mates share your confusion.

You are expected to notify me as soon as possible about problems that will impact your ability to meet class requirements. Do not let problems linger!

You are expected to complete assignments and examinations on the due date.
Late assignments are accepted on the will of the instructor and will be subjected up to a 30% reduction of grade for late submissions.

You are expected to notify me as soon as possible about problems that will impact your ability to meet class requirements. Do not let problems linger!

A “0” may be received for examinations that have not been taken on the exam date without a verified excused absence.

You are expected to turnoff or silence your cell phones and pagers during class and under no circumstance answer or place a cell phone call or send/receive text messages in the classroom. If you must answer a call, please quietly exit the classroom.
You, the students, should have certain expectations from me, the instructor. Among these are:

I should evaluate each of you equally.

I should communicate the course requirements, assignments and policies clearly without ambiguities and in a timely manner.

I should help you to advance your knowledge of accounting by being responsive, proactive and understanding of your educational needs.

I should be available to you outside of class during my office hours and respond to your emails in a timely manner.
GRADING STANDARDS/SCALE
Grading Standards
Assessments on which your grade is computed are:
Assignment
Points
Quizzes 40
Assignments 60
Midterm Exam 300
Final Exam 350
2 Low battery shutdown is not an acceptable excuse; you should always bring the power cord with you to class.

Simulation I
Simulation II
Total
125
125
1000

Assignments are in-class individually prepared problems and research questions.

Simulations are in-class individually prepared intergraded business situations which require research, problem solving and communications.

Quizzes are given on-line and consist of five questions related to matters covered in the preceding lecture and reading material. Quizzes are open book.

Exams are given in two parts: a closed book section with multiple choice questions and an open book/notes section with problem and essay questions.

All assessments must be completed using your laptop. Students without a working laptop will not be able to complete the assessment. The ability to makeup a missed assessment will be on a case by case basis.
Grading Scale (Effective Fall 2011)
D
F
Grade Meaning
A Superior
A-
B+
B
B-
C+
Good
Satisfactory C
C-
D+
Passing
Failure
Quality Points Numerical Equivalent
4.0 930-1000
3.7
3.3
3.0
2.7
2.3
900-920
870-890
830-860
800-820
770-790
2.0
1.7
1.3
1.0
0.0
730-760
700-720
670-690
600-660
590 and lower
ATTENDANCE POLICY:
An attendance sign in sheet will be maintained for each class session, be sure you have signed in each class. Regular and punctual class attendance is expected of all students and those students with excessive absences will be dropped from the course. Excessive absence is defined as failing to attend 80% of the scheduled class meetings, which equates to 6 for all day classes and 3 for evening classes. A student who is absent, for any reason (excused or unexcused) more than 20% of the scheduled class meetings for the academic term will not receive credit for the course. A student who is absent
(unexcused) more than 10% but less than 20% of the scheduled class meetings for the academic term will be subject to having their final grade reduced. Excused absences, with permission to make up missed assignments or exams will be granted with documentation of the following:
I. Admission to a hospital

2. Serious illness/sickness that results in a doctor’s visit
3. Serious emotional illness with documentation
4. Death of a family member or hospitalization of an immediate family member
5. Very unusual circumstances as determined by the instructor and approved by the
Campus Director
Please consult the current Flagler Catalog for further details.
ACADEMIC HONESTY:
Academic dishonesty is defined as obtaining material, including the textbook’s solution manual, test banks and the work of former students, for any assignment from other students (or persons) unless specifically permitted by the Professor. On test and exams it is defined as obtaining answers to questions from other students, or other sources, other than that which the student should have in his/hers academic preparedness and specific authorization of the instructor. In the case of academic dishonesty, a “0” will be given as a grade for that dishonest activity. If academic dishonesty occurs a second time, a letter grade of an “F” will be given for the entire course. Additionally, the academic dishonesty matter will be referred to the Campus Dean.
METHOD OF INSTRUCTION

The instructional design for this course consists of four interlocking components: lectures, demonstration problems, in-class workshops promoting team learning and technology. You are required to have a laptop/notebook computer, for each class meeting
3
.
Each topic covered in the course will be introduced through a lecture. Lectures typically deliver information faster than the average student can grasp it. To avoid these pitfall students should read the assigned material before the lecture.
Demonstration problems are integrated in the lecture. In addition students are encouraged to view videos of demonstration problems posted on YouTube, the link is posted on
LMS.
The majority of class time will be devoted to active learning activities. In a workshop sessions students will work on problems related to the topic. Students will be encouraged but not required to work with other students. This initial work will not be graded. Later in the workshop students will be given individual assignments which will be graded.
Throughout the course technology used in the profession will be integrated. Lectures presentations will be available for students to view and demonstration problems will be conducted using Excel worksheet, many of these as indicated above are available for online viewing away from the classroom. During the workshop sessions students will use
3 Low battery shutdown is not an acceptable excuse; you should always bring the power cord with you to class.

their laptops to complete and submit assignments. Flagler’s LMS will be the exchange point for all course material and assessments, including examinations.
STATEMENT ON DISABILITIES:
Students who wish to request academic accommodations, such as alternative test administration and/or the services of interpreters, note-takers, and readers must register with Flagler College
—
Tallahassee Campus Dean and provide documentation of their disabilities. Contact Dr. Donald Parks, University Center for information.
IMPORTANT COURSE OBJECTIVES
EXPECTED STUDENT LEARNING OUTCOMES:
Important learning objectives of this course include:

Learning fundamental accounting principals, generalizations and theories.

Learning to apply course material to improve problem solving and decision making.

Developing specific skills, competencies, and points of view needed by accounting professionals.
Upon completion of this course, the student should be able to understand financial accounting topics, perform related computations and journal entries and financial statement preparation relating to:

Internal control of cash

Valuation of accounts and note receivable

Financing with receivables

Recording and measuring inventory, periodic and perpetual cost flow methods

Inventory estimation techniques

Valuation of operating assets at acquisition

Self-constructed assets

Measuring cost allocations – depreciation, depletion, and amortization

Investments – trading, available for sale, and held to maturity

Accounting for investments
Flagler College Core Competencies
Flagler College has identified seven core competencies – reading, writing, speaking, mathematics, technology, research, and critical-thinking as essential components of the academic program. All graduates, regardless of their major, must demonstrate that they are competent in all seven areas; therefore, each Flagler College course emphasizes at least two core competencies.
The first competency, reading, is an underlying skill in all Flagler College courses; therefore the reading competency is measured by general student success in the class. All courses address at least one core competency in addition to reading.
Acc350 addresses the following core competencies which are measured by the methods listed below the competency.

1st Core Competency: Reading - Assigned textbook topics and Simulations
2nd Core Competency: Writing - Measured by: Exams & Simulations
3rd Core Competency: Research - Measured by: Exams & Simulations
4 th
Core Competency: Mathematics- Problems, Simulations & Exams
WRITING COMPETENCY
To ensure the quality of the Flagler College degree it is expected that all Flagler students will write at a college level. The College offers a writing skills program to help students who have writing deficiencies attain a level of writing proficiency that will help them succeed in their academic and professional lives.
At the recommendation of any instructor students may be referred to the ENG101 –
Writing Skills course. ENG101 is a course designed to strengthen a student’s writing ability. Any student referred to this class must attend in the first semester following the referral and must pass ENG101 before graduating from Flagler College. ENG101 is a non-credit course and will be graded on a (P) or (F) basis.
Students are encouraged to take advantage of resources available to them on the TCC campus. TCC’s Writing Center is open to all Flagler students who wish to improve their writing skills.
Day Date
Assigned
Reading -
Chapter Lecture Topic
M
T
TH
M
T
TH
T
8/20
8/21
8/23
8/27
8/28
8/30
9/4
7
8
9
10
Cash & Accounts Receivable
Active Learning Workshop
Inventory Valuation
Active Learning Workshop
Lower Cost or Market
Midterm Exam
Operational Assets
W 9/5 11
Changes in Estimates used in
Depreciation
TH
M
T
9/6
9/10
9/11
12 Investments
Active Learning Workshop
Active Learning Workshop
TH 9/13 Final Exam
See separate file “course plan” for full schedule.