ACCTG 331 – INTEGRATIVE ACCOUNTING TOPICS I
FINANCIAL REPORTING MODULE
FALL 2014
INSTRUCTORS:
EMAIL:
CLASS TIMES:
OFFICE:
OFFICE HRS:
Amy Barry
abarry@welkgroup.com or abarry@mail.sdsu.edu
W; 7:00PM – 9:40PM; SSW 2501
Student Services East Building (SSE) 2419
Wednesdays: 4:00PM – 5:30PM
(If students cannot make these above times, students can
always make an appointment to come see me in my office.)
PREREQUISITES:
Admission to Accountancy major, minor, or certificate.
Minimum grade of C in both ACCTG 201 and 202. Completion
of General Education requirement in Communication and
Critical Thinking. Proof of completion of prerequisites
required: Copy of transcript.
TEXTBOOKS:
Intermediate Accounting, 7th Edition (with Connect access
card); Spiceland, Sepe, Nelson and Tomassini (REQUIRED)
Financial Accounting Exam Questions & Explanations 18TH W/
A/C Test Prep Software – Gleim (Optional)
ADDITIONAL:
We will be using the red Parscore forms (F-289) for ALL EXAMS
AND QUIZZES.
STUDENT LEARNING OUTCOMES FOR THIS MODULE:
The purpose of this module of ACCT 331 is to enhance and expand your current
understanding of corporate financial reporting for the subject areas covered in the
module. More specifically, we will take an in-depth look at the mechanics of financial
accounting and the theory behind U.S. GAAP as presented in the statement of
operations (i.e., income statement) and the statement of financial position (i.e., balance
sheet).
We will also cover the impact of International Financial Reporting Standards how these
rules differ from GAAP for the relevant topics. At the end of this module for this course
students should be able to:

Identify, measure, classify, present and disclose financial information in
accordance with U.S. Generally Accepted Accounting Principles and
International Financial Reporting Standards. (SLO #1.1)
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

Properly record transactions in the relevant topic areas. This means knowing
how to calculate the amount of the accounting impact of a transaction
under accrual accounting and how to properly journalize such transactions.
(SLO # 1.1, 1.2)
Effectively work in groups to analyze business transactions and apply the
correct accounting techniques in properly recording those transactions and
present the effects on financial statement presentation (SLO 2.11b).
ACADEMIC HONESTY
According to the SDSU Academic Senate policy on cheating and plagiarism:
2.2 Plagiarism shall be defined as the act of incorporating ideas, words, or
specific substance of another, whether purchased, borrowed, or otherwise
obtained, and submitting same to the University as one’s own work to fulfill
academic requirements without giving credit to the appropriate source.
Plagiarism shall include but not be limited to (a) submitting work, either in part
or in whole, completed by another; (b) omitting footnotes for ideas, statements,
facts, or conclusions that belong to another; (c) omitting quotation marks when
quoting directly from another, whether it be a paragraph, sentence, or part
thereof; (d) close and lengthy paraphrasing of the writings of another; (e)
submitting another person’s artistic works, such as musical compositions,
photographs, paintings, drawings, or sculptures; and (f) submitting as one’s own
work papers purchased from research companies.
Unprofessional conduct adversely impacts your fellow students, the accounting faculty,
the Charles W. Lamden School of Accountancy, SDSU, and the accounting
profession. The Charles W. Lamden School of Accountancy takes academic honesty very
seriously and vigorously enforces university policy related to any such infractions. Any
student suspected of academic dishonesty will be reported to the SDSU Center for
Student Rights and Responsibilities; if found responsible, the student will receive a
failing grade (F) for the entire financial accounting module.
BLACKBOARD:
This course module will be managed via the Blackboard course website. Therefore, each
student needs an email account (either SDSU Rohan or an alternative email system like
Google, Yahoo, Hotmail, etc.). Please make sure that you update your email address in
the SDSU database. You can check on your Blackboard email account (or update/change
it) by going to the SDSU Web Portal at https://blackboard.sdsu.edu/webapps/login/.
Please note that Hotmail accounts sometimes do not accept mail sent directly through
Blackboard’s mass email system, but they do receive individual emails. If you do not
receive an announcement via email, you may want to change servers from your Hotmail
server to another mail server. The Blackboard website will be where I make
announcements, upload class slides and solutions for assignments and quizzes. All
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points for assignments, quizzes and exams that factor into the students’ grades will be
posted on Blackboard.
CLASS LECTURES:
Classes will consist of lectures using PowerPoint slides and in-class problems/exercises
that are designed to help students better understand the correct financial reporting
rules for a variety of common business transactions. Students are responsible for
downloading and printing the slides from the Blackboard website. The pace of my
lectures and in-class exercises are based on the assumption that students have read
the textbook material ahead of time and printed out the relevant slides for class (i.e.,
YOU ARE PREPARED FOR CLASS).
GRADING
Exam #1
Exam #2
Exam #3
Quizzes (8 total, 15 points each)
Homework (10 points each)
Group Simulation (20 points each)
Miscellaneous Assignments* (10 Pts Each)
Peer Evaluations/Professionalism
TOTAL
*Includes Orientation, CalCPA, Career Services, etc.
POINTS
180
180
240
120
100
80
50
50
1,000
(PERCENT)
(18%)
(18%)
(24%)
(12%)
(10%)
(8%)
(5%)
(5%)
(100%)
EXAMS:
There will be three multiple-choice exams in this module. Students will need a Parscore
sheet (F-289) for the exams. Exams will be administered during class times on the dates
listed in the class schedule. Makeup exams can only be given in the case discussed in the
Special Accommodations section below. If you miss an exam and offer an acceptable
reason for missing the exam your remaining exam scores will represent your entire
exam score for this module. Students must notify me that they will miss an exam PRIOR
TO THE EXAM.
Exams are not handed back during class period for review by students. If a student
wishes to go over their exam, that student must make an appointment with the
professor to go over the exam in the professor’s office.
QUIZZES:
Quizzes are multiple-choice and students will need a Parscore sheet (F-289) for the
quizzes. Each quiz will be administered at the beginning of class and covers material
from the prior class. I design the quizzes such that students should complete the quizzes
in approximately 15-20 minutes. It is imperative not to fall behind in this class because
of the volume of concepts covered and the sustained pace of the module. Please be
aware that the quizzes are not designed to be wholly representative of the difficulty of
questions on the exams. The quizzes are designed as a tool to ensure that students are
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keeping up-to-date with the material covered in lectures. Each quiz is worth 15 points.
The lowest quiz grade will be dropped when calculating the student’s final point tally
in this module.
GROUP WORK:
At the beginning of the semester, students will be assigned to groups. This group will be
your permanent group for the entire semester for all graded group assignments. There
will be four graded simulation assignments during the semester. These simulations are
designed for students to work in their groups outside of class. Points will be earned on a
group basis based on the accuracy of the groups’ answers to the simulations. Whatever
number of points earned by the group is the number of points earned by the individual
student within the group (e.g., if the group earns 15 out of a possible 20 points on a
simulation, each group member that worked on the simulation will earn 15 points
each.).
The in-class group work will consist of open-book/notes ungraded exercises designed to
have students analyze different business transactions and practice application of
relevant concepts and principles in financial reporting.
PEER EVALUATIONS:
You will be provided with an evaluation form at the end of the class which you will use
to evaluate each member in your group. Your evaluation should be based solely on the
group work done in the financial module.
CONNECT ONLINE HOMEWORK:
The graded homework assignments must be completed and submitted online by 12
(noon) pm on the due date. I will not accept homework turned in during class time in
hard copy form. The homework is designed to be a supplementary tool to help students:
1) understand the concepts covered in class and 2) apply the concepts in a practical
situation. All homework assignments will be completed online via Connect that comes
with your edition of the Spiceland textbook. All students must register online in
accordance with the instructions found in your Connect access card that you purchased
with your Spiceland textbook. You will need to provide a user name and password to log
on and do the homework assignments throughout the semester. Multiple students
cannot use the same access card. The following website is where you need to go to
access the homework problems. Please register at the following websites (depending on
your section) by clicking on the “Register as Student” link and following the instructions:
7PM Section: http://connect.mheducation.com/class/a-barry-wednesdays-7pm-fall-2014
The homework system will not accept any homework submissions made after the
assigned date and time. Students will be allowed three attempts for each homework
problem. Each graded homework assignment is worth a maximum of 10 points and
points are earned on a sliding scale based on the accuracy of your answers. The grading
scale will be as follows:
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% of Homework Answered Correctly
0 – 49%
50 – 74%
75 – 100%
Homework Points Earned
0 points
5 points
10 points
The lowest homework grade will be dropped in when calculating the student’s final
point tally in this module.
JOIN CALCPA REQUIREMENT
The CalCPA is a professional organization dedicated to increasing the value and
promoting the integrity of the CPA profession, contributing to the success of their
members and strengthening client, employer, public and government trust in CalCPA
member advice, work products and opinions. As new accounting majors, you likely have
a multitude of questions about the profession and what it means to be an accountant in
the state of California. The CalCPA’s website
(http://www.calcpa.org/content/home.aspx) is a useful resource in learning more about
the accounting profession. The website also provides information that can be very
useful to someone wanting to learn more about the accounting profession such as CPA
exam information, CPA license requirements in the state of CA and other career
resource information. In addition to the information resource benefits, CalCPA has
multiple scholarship opportunities available to its student members.
As a requirement for this course, every ACCTG 331 student is required to join the
CalCPA as a student member. Membership is free. You must join by September 30,
2014. Please email me proof of your membership (e.g. a snapshot of your account
information under the “My Account” link or a scanned printout of your account page
or you can just copy the account page onto a Word document or copy it directly into
the body of the email and send it to me).
ATTEND CAREER SERVICES WORKSHOPS REQUIREMENT
It is important for accounting students to get connected to the Career Services
Department. Career Services’ main goal is to help students develop the tools necessary
to obtain employment during school (internships) and after graduation (full-time
employment). Therefore, we are requiring every ACCTG 331 student to attend two
Career Services workshops by the end of the Fall 2014 semester. Here is the web link to
the Career Services website and a link to the list of the workshops available during the
Fall 2014 semester. Here is the web link to the Career Services website:
http://career.sdsu.edu
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CALCULATORS:
A financial calculator is required for use in this module when we cover bonds in
Chapters 14. Examples include (but are not limited to):
 TEXAS INSTRUMENTS MODEL – BA II PLUS
 HEWLETT PACKARD MODEL – 10B
 HEWLETT PACKARD MODEL – 12C
Financial calculators are calculators that have the time value of money function keys
(e.g., PV, FV, PMT, N, I/YR).
SPECIAL ACCOMODATIONS:
If you qualify for accommodations because of a disability, please present me a letter
from Student Disability Services so that your needs may be addressed. Disability Services
(619-594-6473; http://www.sa.sdsu.edu/sds) determines accommodations based on
documented disabilities.
In accordance with University-wide policies, accommodations will be made for students
when any test date conflicts with religious observances. To schedule make-up exams
based on conflicts with religious observances, you should contact me at least TWO
WEEKS prior to the scheduled exam date.
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DATE
Aug 27
Sept 3
Sept 10
Sept 17
Sept 24
Oct 1
Oct 8
Oct 15
Oct 22
TOPIC COVERED
Financial Accounting Framework
Principles of Accounting Assessment
Review of the Accounting Process
Balance Sheet
Balance Sheet & Income Statement
(Quiz 1)
Income Statement and Statement of Cash Flows
(Quiz 2/Simulation #1)
FINANCIAL EXAM #1
Cash and Receivables
(Quiz 3/Simulation #2)
Inventory
(Quiz 4)
Revenue Recognition
(In-class exercise)
Revenue Recognition (continued)
(Quiz 5)
Oct 29
FINANCIAL EXAM #2
Nov 5
Fixed Assets & Depreciation
Nov 12
Intangible Assets & Amortization
(Quiz 6)
Nov 19
Nov 26
Dec 3
Dec 10
Dec 17
RELEVANT
CHAPTERS
CH 1
CH 2
CH 3
CH 3
CH 4
CH 4
CH 7
CH 8, 9
CH 5
CH 5
ASU 2014-9
CONNECT
ASSIGNMENT
Chapters 1 & 2 Practice
Assignment(ungraded)
HW #1:
Chapter 3 HW DUE
HW #2:
Chapter 4 HW DUE
NONE
HW #3:
Chapter 7 HW DUE
HW#4:
Chapters 8 & 9 HW DUE
HW #5:
Chapter 5 HW DUE
NONE
CH 5,7,8,9
CH 10
CH 11
Time Value of Money
Current Liabilities
(Quiz 7/Simulation #3)
NO CLASS
Long-Term Liabilities
(Quiz 8)
Review
(Simulation #4)
FINANCIAL EXAM #3
CH 6, 13
CH 14
All Material
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HW #6:
Chapters 10 HW DUE
HW #7:
Chapter 11 HW DUE
HW #8:
Chapter 13 HW DUE
HW #9:
Chapter 6 HW DUE
HW #10:
Chapter 14 HW DUE