INSTRUCTOR: Richard Kloes, CPA
E-Mail: richard.kloes@wnc.edu
OFFICE HOURS:
Mon & Wed: 8:00 AM to 9:00 AM
Tue & Thu : 4:00 PM to 5:30 PM
Fri: Available all day by appointment
PHONE: Home: 423-2158
Work: 423-8330 x 2258
OFFICE: Fallon Campus-Pinion 8
ACC201 FINANCIAL ACCOUNTING
SPRING 2015
REQUIRED TEXT: Author: Kimmel, Weygand, Kieso
Title: Accounting: Tools for Business Decision Makers, Binder-Ready Version with
Wiley Plus – ISBN: 9781118566701 Publisher: John Wiley & Sons, Inc. 5th edition.
COURSE DESCRIPTION: This is a 3 credit class. Introduces the basic principles of
financial accounting for business enterprises with special emphasis on accounting for
corporations; including theory of debit and credit, accounting cycle, receivables,
depreciation, inventory, long-term debt, corporate capital, and preparation of basic
financial statements. This course will transfer for an NSHE baccalaureate degree.
COURSE OBJECTIVES: Upon completion of this course, students will be able to:
1. Identify the role accounting plays in providing financial information
2. Analyze the Balance Sheet; Evaluate the information provided by the financial
statements; Identify the Standard Setting Environment as well as interpret the
Financial Reporting Concepts
3. Explain and illustrate the features of an accounting information system.
4. Analyze transactions and illustrate the steps in the accounting cycle.
5. Demonstrate knowledge about reporting merchandising transactions as well as how
to analyze a multi-step income statement.
6. Identify and analyze reporting issues for Cash, Inventory, Receivables, Investments,
Long-Lived Assets, Liabilities and Stockholders’ Equity and prepare related journal
entries.
7. Identify the usefulness and format of the Statement of Cash Flows; Prepare the
Statement of Cash Flows using the Indirect Method and evaluate a company using
the Statement of Cash Flows.
EVALUATION OF PERFORMANCE: Your final course grade will be weighed based on the
following areas:
Examinations (4)
Quizzes
Comprehensive Problem
Homework
Writing Assignments
50%
20%
10%
10%
10%
93
90
87
83
80
77
to
to
to
to
to
to
100
92
89
86
82
79
=
=
=
=
=
=
A
AB+
B
BC+
73 to 76 = C
70 to 72 = C67 to 69 = D+
63 to 66 = D
60 to 62 = DBelow 60 = F
Instructors no longer have the ability to give students a “W” for the course should they fail
to complete it. Accordingly, if you feel you will not pass the course, you must drop the
course no later than Friday, March 27 to receive a “W”. If you drop the course at any time
after this date and do not pass the course, I am required to issue the grade of an “F”.
MY POLICY ON ACADEMIC INTEGRITY: You are expected to do your own work in this
class. I do not tolerate ANY form of academic dishonesty. The college’s academic integrity
policy can be found at the following link.
http://www.wnc.edu/policymanual/3-4-5.php
Any student found guilty of academic dishonesty will receive a failing grade for the class
and be immediately removed from the course. In addition, students allowing a classmate to
plagiarize their own work will also fail and be immediately removed. Please don’t try it. It
is not worth it. .
EXAMINATIONS: There will be 4 examinations given throughout the semester covering
material assigned since the last exam. The exams will be closed book and proctored.
You will be required to travel to a prearranged testing area during a specific time
frame (usually a week) to take the exams. Make up exams will only be allowed with the
prior consent of the instructor.
COMPREHENSIVE PROBLEM: An excellent opportunity to apply the knowledge of the
material covered in Chapters 1-4 will be provided in the completion of a comprehensive
problem.
HOMEWORK: Homework is a required part of this course and will be graded. Go to our
class on the “Wiley Plus” homepage for the homework problems that are assigned.
QUIZZES: There will be twelve online quizzes during the semester. These are designed to
review the basic concepts that you should have learned in the chapter. There is no time
limit on the quizzes and you are allowed to use your books, notes, and homework when
completing the quiz.
WRITING EXERCISES: For each chapter, you will be given a question relating to a topic
that was covered in the chapter. You will be required to answer the question. Your
response should be long enough to fully address the question and to show that you
understand the material. One sentence responses will not be acceptable.
MY AVAILABILITY: The best time to get a hold of me is from Monday through Thursday. I
am consistently checking my email during this time all throughout the day and promise to
have a response to your emails or phone calls within 24 to 48 hours depending on how
involved the response is. Fridays are hit and miss as I usually have meetings scheduled. I
occasionally check my email on Saturday so you might get lucky then. . On Sundays, I
go into the “witness protection program”, so you will have to wait until Monday for a
response. .
LECTURE CAPTURE: Under the “Getting Started” module, there is a link called "Lecture
Capture". Clicking on this link will enable you to view my entire lectures that I present to my
in-class section. The in-class section meets twice a week. Therefore, you will be able to watch
two lectures per week. One video will be the actual lecture that I presented and the second video
during the week will be an explanation on how to solve the homework problems that are
assigned. The material and homework problems that we cover are exactly the same for both
classes; therefore you should be able to follow along pretty well. This is great learning tool and a
great opportunity to watch my lectures without having to come to the classroom.
The lecture capture videos are provided as a supplemental resource for you and thus are not
required to be watched to pass the course. However, if you wish to obtain the information
contained in the video and need an alternative to listening to the audio content and watching the
visual content, please contact our disability support services at 775-445-3268 for assistance.
LATE WORK: As a general rule, I do not accept late work. It is your responsibility to understand
what assignments you will be graded on (refer to the syllabus), when the due dates are for each
assignment, and to have submitted your assignment by the specified due date. If you are unclear
as to when the due date of a specific assignment is, I expect you to contact me for clarification.
However, I do understand that sometime “life gets in the way”. Accordingly, if you have a VALID
reason (e.g. - medical or family emergency) that prevented you from meeting a specific due date,
please let me know and I will consider it.
Valid reasons do NOT include: (these are not all inclusive)
1. I don’t understand the material and need more time to study and/or complete the
assignment.
2. Any reason having to do with PROCRASTINATION. (e.g. – waiting until the last minute)
3. I ran out of time or had “too many other things going on”.
4. Overextending yourself by taking too many classes at once.
5. I did not know it was due then or was confused about the due date.
6. I did not know we had to do that assignment.
7. I had computer problems
8. I was not able to buy my book until late.
You can avoid late work by doing the following:
1.
2.
3.
4.
Read the syllabus to understand what assignments you will be graded on
Pay attention to due dates that are given to you in Canvas and WileyPlus.
Ensure you have a reliable, working computer before class begins
Above all else – stay on top of the work and don’t fall behind (aka: DO NOT
PROCRASTINATE)
EXTRA CREDIT WORK
There is no opportunity for extra credit work in this class. Additionally, there are no “do over’s”
on the chapter quizzes or exams. You only get one chance on the chapter quizzes and exams, so
before you take them, make sure you are prepared and give it your best shot the FIRST time.
MISCELLANEOUS HOUSEKEEPING ISSUES
1. Technical Issues: As this is a beginning accounting course, I do not expect you to have
any knowledge of accounting at the start. As such, there is no prerequisite for this
class. However, it is recommended that you have taken ACC135B – Bookkeeping I before
taking this class. You are however expected to have some computer skills and be able to
successfully navigate through Canvas and Wiley Plus. This will be required in order to
complete many of the assignments in this course. Should you have any technical
difficulties with either Canvas or Wiley Plus, they can be resolved by going to the
following sites:
Canvas: http://www.wnc.edu/wnconline/ . Then click on “Tutorials and Help”
Wiley Plus: by clicking on the “Get Tech Support” link on the Wiley Plus login page.
2. Netiquette rules: Although not required, I highly encourage you to interact with your
fellow classmates and well as myself throughout the semester. When using the
discussion forum, emails or any other form of communication in this course, you are
expected to treat your fellow classmates (and instructor ) with the same respect and
professional courtesy that you would like to be treated. Let’s make this both an
educational and fun class.