20 Aw11
20 Aw11
20 Aw11
COURSE DESCRIPTION
Financial Accounting and Reporting acquaints students with the professional field of
accounting and its practices. Emphasis is given to usage of financial accounting information by
investors and creditors. Topics cover cash flow, analysis, assets, liabilities, and equity.
GRADING
The course grade is based on the total points accumulated below:
Homework 150 = problems & exercises completed online, varying points (10 participation)
Project 60 = Financial Statement Analysis + 2 decisions
Mid-term 100 = Mid-term exam: chapters 1 to 5
Final Exam 160 = 80 multiple choice @ 2, chapters 6 to13.
The grade scale is an absolute percent of the highest student score attained,
94% for A, 90% for A-, 88% for B+, 83% for B, 80% for B-, 77% for C+, 70% for C,
67% for C-, and 60% for D, else F.
MATERIALS
Fundamentals of FINANCIAL ACCOUNTING (3E) by Phillips, Libby, Libby and
CONNECT PLUS access code—tutorial assistance and online problem access
Text & CONNECT bundle (bargain price at bookstore) ISBN:0780077968069
Students can buy CONNECT PLUS without textbook, but have to read the electronic
version of the text without the ability to highlight or make notes in margin, etc.
Scantron forms—two Scantron sheets for up to fifty questions on each side.
POLICIES
1. The instructor explains the syllabus at the first class. Ask questions now. Students are
responsible for reading and interpreting the syllabus thereafter.
2. Students are ADDED to the class by Undergraduate Student Affairs, 2340 Olmsted Hall,
not the instructor. Added students are responsible for homework from the first day.
Homework is due by midnight each Monday following the assignment week. HINTS
may be solicited while completing the answer to each question. After the assignment’s
solution is submitted, a correction guide may be solicited and errors will be shown to the
student. Second and third attempts may be submitted to improve the score. Caution: a
5% penalty is assessed for each re-attempt, e.g., 95% is the maximum for a correct
second attempt. Late work receives no credit.
4. The mid-term exam is taken on the scheduled date only, no make-up. If one has an
excused absence from the mid-term, a substitute exam will be given. “Excuse” is
granted for a documented event beyond one’s control, e.g., law court appearance or
auto incident with police report; but not for sleeping in because the alarm failed to ring.
5. The Analysis Project gives students experience in accessing financial statements via
the internet via Rivera Library. Access data online, evaluate it, and draft a report. The
report is due per assignment schedule, March 01. A 10% penalty per day of lateness starts
after project is collected in class on Tuesday.
6. The Final Exam is taken on the date scheduled by the university. No early exam is given.
No make-up exam is given. Bring a Scantron for 50 multiple choice questions on each side.
8. Communication is encouraged. The instructor has scheduled over an hour per session
on Tuesday and Thursday morning. An email address is provided for only students of this
course. Email messages should be written in proper English, not txt shorthand. Email
replies can be expected within 24 hours. The syllabus, lecture notes, classwork solutions,
and homework solutions will be posted on iLearn. Letter grades will not be posted; the only
letter grade is that given to the entire course, not to homework, mid-terms, or projects.
Contact the lab teaching assistant for the record of scores on these inputs to the course
grade. The instructor does not possess a record of scores until the end of the course.
10. The instructor reserves the right to post additional policies to maintain integrity of
learning and grading processes of this course. Additional policies, if any, shall be
emailed to enrolled students and posted on iLearn for a period of at least two weeks.
03/15 Tuesday FINAL EXAM: 8:00-11:00 a.m. in UV 9 Bring Scantron, pencil, calculator
DISCUSSION
21 Tu 4-5 Derek Yang [email protected] W 1-3 2341 OLMH
22 R 5-6 Haifeng Yao [email protected] M-W 3-5
23 F 2-3 Nathan Parker [email protected]
24 M 10-11 Glenda Lang [email protected]
25 W 12-1 Nathan Parker [email protected]
26 F 8-9 Haifeng Yao [email protected]
27 M 1-2 Glenda Lang [email protected]