Department of Accounting

ACC 311 -- Fundamentals of Financial Accounting

Fall 2021 Syllabus
Instructor: Stephen T. Smith
E-mail: [email protected]
Office/Phone GSB 5.126H / 512.232.6786
Office Hours: TBD – See Canvas (online only)

Teaching Assistant: Tara Remmich [email protected]

TA Office & Office Hours: See Canvas (online only)

Class Times and Location:

Unique # 02530 M/W 2:00-3:30 pm UTC 3.112
Unique # 02485 M/W 3:30-5:00 pm UTC 3.112

Required Materials and Equipment:

• Textbook: Financial Accounting, 10th Edition, by Libby, Libby, and Hodge, (McGraw-Hill/Irwin,
2020). This is a customized version packaged with Connect access delivered through Longhorn
Textbook Access (Overview provided here). The On-Line Homework Manager: Connect, is also
required and also included through LTA. You can access the eBook and Connect at the following
professor specific website: https://connect.mheducation.com/class/s-smith-fall-2021-acc-311
• Accounting Cycle Supplement: Solid Footing: Building an Accounting Foundation, 14th edition
digital, by Dan Wiegand, (Micro Solve Inc.). This is a digital textbook with accompanying software
and files. All files are digital and will be purchased at Solidfootingaccounting.com. This is not
available through LTA. Separate purchase instructions are available on Canvas.
• Calculator: A financial calculator is required for this course. A financial calculator is one that has
dedicated keys for convenience in working problems involving the time-value of money. The keys
typically are labeled N (number of periods), I/Yr (required interest rate per period), PV (present value),
PMT (payment per period), and FV (single future payment amount). If you already have such a
calculator, you do not need to buy a new one. However, if you do not already have such a calculator,
you should buy an HP 10bII+. This calculator is recommended by both the accounting and finance
faculty of the McCombs School of Business.
• Computer: Computer with web camera (built in or external) with microphone. Zoom ready.
• Access to Microsoft Excel.

CUSTOMER SUPPORT NUMBERS: CONNECT 800.331.5094. SOLID FOOTING 513.939.5305

Supplements
▪ Certain Homework Solutions (will be made available on Canvas)
▪ Instructor PowerPoint Slides and/or Notes (will be made available on Canvas)
▪ Sample 311 Midterm Exams (will be made available on Canvas)
▪ Canvas Website
Prerequisite:
The prerequisite for this course is twenty-four semester hours of (prior) college credit. If you do not

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 satisfy this prerequisite, you should drop ACC 311, or the Office of the Dean of Undergraduate
Programs will drop you from the course. Instructors may not waive prerequisites to their courses.

Objectives of the course: To learn the following:

A. The nature and purpose of accounting for businesses, with emphasis on corporate business entities.
B. Accounting methods and their use as an orderly means of recording, classifying, and presenting
useful information from a mass of data derived from transactions and events affecting businesses.
C. The basic language of business as represented by business and accounting terminology.
D. The concepts and standards underlying the measurements used in accounting to prepare the
financial statements of businesses.
E. The use and interpretation of financial reports (i.e., income statements, balance sheets, statements
of retained earnings, statements of cash flows) prepared for users external to businesses (i.e.,
owners, creditors, government and investors). The use of financial tools used in business, like
Excel for calculations and interpretation of future value, present value among others.

Quantitative Reasoning Flag

This course carries the Quantitative Reasoning flag. Quantitative Reasoning courses are designed to equip
you with skills that are necessary for understanding the types of quantitative arguments you will regularly
encounter in your adult and professional life. You should therefore expect a substantial portion of your
grade to come from your use of quantitative skills to analyze real-world problems.

How will I learn?

I will conduct the course by giving lectures, facilitating solutions to in-class exercises and conducting
discussions in a manner that encourages class participation by students, consistent with the objectives of
the course and the time available. Students are expected to study the chapter readings before topics
are introduced and do assigned homework questions, exercises and problems to reinforce what they
learn (you can’t effectively learn accounting without doing exercises and problems). Students are
encouraged to ask questions and to request that particular points be explained in more detail if they
remain confused or uncertain about items discussed or if concepts remain unclear. Students are also
encouraged to study and work homework problems together as long as each are working towards an
independent answer.

Course Modality
This course is scheduled to be delivered in a Face-to-Face format. What that means for this course is that,
health and safety conditions permitting, I intend to deliver in-person class sessions. All students will be
expected to attend their registered section synchronously at the posted times and days in person. There may be
limited live lectures conducted using Zoom. Students are required to have a working webcam and access
through Zoom. Class recordings will NOT be available except in unusual circumstances.

Homework
There are two primary types of homework in the course, Solid Footing homework and textbook
homework (Libby, Libby, Hodge).

Solid Footing Homework

During the first four weeks of the course, you will be learning about the accounting cycle, the process
with which companies capture transaction data, record them, summarize them and transform them into
financial statements that conform to Generally Accepted Accounting Principles (GAAP). It is essential
that every student develop a solid understanding and ability to do accounting cycle tasks because these
accomplishments are the foundation for learning the remaining content of the course. Accordingly, the
faculty adopted Solid Footing, a semi-interactive tool for learning the accounting cycle and statement of
cash flows. It is meant to present, reinforce and test progress in knowledge of the accounting cycle in a
way that leads to more consistent and deeper understanding among our students, leading to less attrition
and disappointing grades in ACC 311. To be sure that all students keep up with the lessons during this
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 phase of the course, we require that three Solid Footing homework assignments be completed and
uploaded through Canvas to be graded. See the homework column of the course Daily Schedule for
the assignments and dates on which they must be uploaded. All assignments are due by 5pm on the
date assigned. Two of the assignments will be due in the first few weeks of the course and the last
one at the end of the semester.

Textbook Homework - Graded

Textbook homework is assigned from the chapters we cover. As the name implies, homework is meant to
be completed outside of class. Textbook homework is further divided into problems to be submitted for
grading and problems that are neither submitted nor graded. Graded questions are managed through
the Connect system. Graded homework must be completed individually; however, you are permitted to
collaborate with classmates on figuring out how to structure the solution to assigned questions. Graded
homework is due per the Daily Schedule, and late homework will not be accepted. Connect changes the
numbers in the problem for each student, so the data will differ from the textbook and your solution will
not be the same as your classmates’ solutions. Connect will grade these problems, provide solutions (after
all sections of ACC 311 have submitted their homework), and indicate areas where you need to do
additional study. The homework grade is the percent of all graded problems completed correctly. No
homework assignments can be dropped in computing the final homework grade.

Textbook Homework – Non-graded

The problems that are not required to be submitted or graded (not bold-faced) are as critical to your
success as those that are graded. They are also managed through the Connect system but are under a
different sub-heading called non-graded homework. They are not required and have no deadline.

Other
Any other commonly assigned problems or projects will also fall under homework and the 15%
assessment.

Instructor Discretion
Instructor discretion may include (but is not limited to) quizzes, quizzes on Canvas, participation, extra
homework, projects, attendance or group projects. If I choose to make such assignments their scores will
be treated as part of the instructor discretion (10%).

Personal Electronic Equipment Policy

The University delegates to individual faculty members responsibility for and authority over classroom
procedure and decorum. The use of laptops/tablets during class will be allowed for class purposes only.
Any distracting or inappropriate use will lead to the forfeiture of this right.

E-mail and Canvas

The use of email and Canvas is required for this course. I will frequently communicate with the class with
announcements and guidance and I will answer questions via email. I check my e-mail at frequent
intervals during weekdays and somewhat less regularly over weekends. I will use the email addresses that
are supplied to me on Canvas. They are the email addresses that you have given the University for
directory purposes. If you need to update your email address with the University go to your UT Direct
page and, under personal info/all my addresses, change your email address. Before each class, I will post
on Canvas any PowerPoint slides I intend to use. You can print them in handout style to save paper—
either six slides to a page or, if you prefer, three slides accompanied by note-taking space. It is your
responsibility to regularly check both your e-mail and the class website on Canvas.

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Grading Questions or Appeals
Do not wait until the end of the semester to question or appeal grade components other than the final
examination. If you feel there exists a grading error on any of the grade components, or if you feel you
need to bring to the attention of our Teaching Assistant or me other facts or circumstances that might
affect the grade for that item, you will have ONE WEEK from the date the grade is posted on Canvas or
Connect to take such action and have the matter resolved.

Electronic Class Rosters & Privacy in Canvas

A recent opinion from the US Department of Education states that the University must inform students in
advance if their name will be appearing on an electronic class roster: Since Fall 2001, web-based,
password-protected class sites have been available for all accredited courses taught at The University.
Class e-mail rosters are a component of the sites. Students who do not want their names included in these
electronic class rosters must restrict their directory information in the Office of the Registrar, Main
Building, Room 1. For information on restricting directory information see:
https://onestop.utexas.edu/student-records/personal-information/. Privacy in Canvas: Information in
Canvas is protected by your UTEID login. Please be aware that I will use a merged Canvas site for all
sections of the course that I am teaching this semester. This will allow students in other sections to see
that you are enrolled in the course and send you email from within Canvas. However, they will not
actually learn your email address and no other personal data will be revealed through Canvas. If you have
any concerns, please contact the ITS Help Desk at 475-9400 for help removing your name from view of
other students.

Class Recording Privacy

Class recordings are reserved only for students in this class for educational purposes and are protected
under FERPA. The recordings should not be shared outside the class in any form. Violation of this
restriction by a student could lead to Student Misconduct proceedings.
These sections of the course is offered in an in-person mode only. There is no on-line option. Some or all
classes may be recorded, at the sole discretion of the instructor. Recordings, if any, will not be posted and
may be made available only in medical emergency and/or excused absence situations. However, students
should maintain a UT approved Zoom account for use as needed, including office hours.

Academic Standards
A high academic level will be maintained with respect to (a) the quality of the course and (b) grading.
Semester grades will be determined using the following factors and relative weights:

Graded homework (Connect & Solid Footing) 15%

Two (non-cumulative) Midterms:
Lower Midterm 15%
Higher Midterm 25%
Final Exam (comprehensive) 35%
Instructor discretion—quizzes, group projects, etc. 10%
100%

The ACC 311 faculty has adopted the University’s plus/minus grading as the standard for all sections of
the course. The faculty believes that plus/minus grading permits us to better distinguish gradations in
performance and provides better feedback to students on their performance.

Course grades will be such that the class average will be in the range of 3.0 – 3.2. Grades will be based
on the total points earned in the course (as shown above).
You may assess your performance based on the traditional grade cutoffs of 90% = A-, 80% = B-, 70% =
C-, 60% = D-, and below 60% = F. It is possible, but not guaranteed, that we will curve grades at the end
of the course. No grades will be associated with scores on exams or quizzes during the semester. In
addition, no individual exam grades will be curved during the semester.

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 Incompletes will be given only in the RAREST of circumstances and only in accordance with university
policy. There will be no opportunity to raise your course grade by doing “extra credit” work during or
after the end of the semester—that would violate University policy.

Examinations
There will be two midterm examinations and a comprehensive final examination. Exams are held as
synchronous classes, so you must take the exam on the dates indicated in the class calendar. Exams
will be closed book/closed note only. More information will be given during the semester.

Exams 1 & 2 will be uniform (all sections at the same time).

Exam 1: Wednesday Sept. 29th 7-9 PM Face-to-Face
Exam 2: Wednesday November 3rd 7-9 PM Face-to-Face
Make-ups will be the following day or evening.
The Final Exam will be uniform (all sections at the same time) and comprehensive (covering the entire course). It will NOT be
given on the dates and times listed in the UT course schedule. The actual dates and times will be announced later in the semester.
NO EXAMS WILL BE GIVEN EARLY.

Examinations are individual work; no collaboration of any kind is allowed including tutoring websites,
tutors, or any other method of collaboration. Sharing of any exam information during the exam will be
considered a violation of UT policy.

Only students with conflicts with other UT classes or UT exams, medical or other documented
emergencies and special needs will be given exams at times other than the uniform exams. Notice must
be given before the exam’s scheduled start time. If you have a job, job interview, or extra-curricular
activity at the time of the exam, this is notice that you are responsible to be excused, miss, or work around
those other activities. As such, education will take priority whenever such a conflict arises. Individual
makeup exams must be taken by 11:59 pm on the day following the exam.

Unexcused absence from any examination will result in a score of zero. If you miss an exam due to an
illness or other emergency reason, you should notify me as soon as possible and provide me with written
documentation (e.g., a note from the attending physician) after you return. I have final authority to
determine if your absence should be excused and if I choose to give you a make-up exam. If you have an
excused absence from a mid-term exam and I cannot give you a make-up exam, you will receive extra
weight on your final exam (“lowest midterm” weight) to compensate for the missed examination.

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 Important Disclosures & Classroom Policies

Statement on Learning Success

Your success in this class is important to me. We will all need accommodations because we all learn
differently. If there are aspects of this course that prevent you from learning or exclude you, please let me
know as soon as possible. Together we’ll develop strategies to meet both your needs and the requirements of
the course. I also encourage you to reach out to the student resources available through UT. Many are listed on
this syllabus, but I am happy to connect you with a person or Center if you would like.

Policy on Scholastic Dishonesty

The McCombs School of Business has no tolerance for acts of scholastic dishonesty. The responsibilities of
both students and faculty with regard to scholastic dishonesty are described in detail in the BBA Program’s
Statement on Scholastic Dishonesty at http://my.mccombs.utexas.edu/BBA/Code-of-Ethics. By teaching this
course, I have agreed to observe all faculty responsibilities described there. By enrolling in this class, you have
agreed to observe all student responsibilities described there. If the application of the Statement on Scholastic
Dishonesty to this class or its assignments is unclear in any way, it is your responsibility to ask me for
clarification. Students who violate University rules on scholastic dishonesty are subject to disciplinary
penalties, including the possibility of failure in the course and/or dismissal from the University. Since
dishonesty harms the individual, all students, the integrity of the University, and the value of our academic
brand, policies on scholastic dishonesty will be strictly enforced. You should refer to the Student Conduct and
Academic Integrity website at http://deanofstudents.utexas.edu/conduct/ to access the official University
policies and procedures on scholastic dishonesty as well as further elaboration on what constitutes scholastic
dishonesty.

Online Instruction (If Applicable to Course Modality)

Getting Help with Zoom
Students needing help with Zoom should refer to the McCombs Student Instructional Wiki for a set of
comprehensive instructions. All McCombs Canvas course pages have this link on the left menu bar for quick
and easy reference.

UT Zoom Account
All students must use a UT Zoom account in order to participate in classes, office hours, and any UT affiliated
events. For detailed instructions on how to sign up for a UT Zoom account, see Getting Started with Zoom.
You will be denied access to Zoom sessions if you attempt to access without a valid UT account.

Joining a Class or Office Hours in Zoom

The preferred method of joining a class or office hours is through Canvas. Students must log into their Canvas
course site and click on Zoom on the left menu bar to locate links to join the class in Zoom in the calendar on
Canvas. Zoom links for a class or office hours may also be emailed by the instructor. Regardless, students
must use their UT Zoom account to participate. For more information, see How to Join Class or Office Hours.

Zoom Professionalism and Etiquette

Following are some best practices for making sure we are working together to create an efficient, effective,
respectful, and ultimately enjoyable classroom when accessing remotely:
• Keep your video on at all times.
• Be mindful of your surroundings when on camera to minimize distractions.
• Avoid display of inappropriate materials or expressions, either visual, textual, or otherwise. Such
displays may be subject to disciplinary action.
• Turn your camera off when leaving the meeting temporarily and use the away feedback icon.

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 • Include a professional photo of yourself for your Zoom profile picture. This photo will be visible
during class sessions if you keep your video off.
• Mute yourself unless you are speaking. This will reduce background or feedback noise and limit
distractions.
• Pose questions or comments using the “raise” your hand feature or typing in the chat window. Try to
keep questions and comments brief, especially in large classes.
• Turn off your video if the video or audio is choppy. After the class or meeting, try these Internet
Connection Tips.
• Use the most reliable WIFI you can access. If you are experiencing problems with your internet
connection, here are some Internet Connection Tips.
For more information, please see Zoom Etiquette.

Sharing of Course Materials is Prohibited

No materials used in this class, including, but not limited to, lecture hand-outs, videos, assessments (quizzes,
exams, papers, projects, homework assignments), in-class materials, review sheets, and additional problem
sets, may be shared online or with anyone outside of the class without explicit, written permission of the
instructor. Unauthorized sharing of materials promotes cheating. It is a violation of the University’s Student
Honor Code and an act of academic dishonesty. The University is well aware of the sites used for sharing
materials, and any materials found on such sites that are associated with a specific student, or any suspected
unauthorized sharing of materials, will be reported to Student Conduct and Academic Integrity in the Office of
the Dean of Students. These reports can result in sanctions, including failure of the course.

McCombs Classroom Professionalism Policy.

The highest professional standards are expected of all members of the McCombs community. The collective
class reputation and the value of the Texas BBA experience hinge on this. You should treat the Texas BBA
classroom as you would a professional corporate environment. Faculty are expected to be professional and
prepared to deliver value for every class session. Students are expected to be professional in all respects. The
Texas BBA classroom experience is enhanced when:
• Students arrive on time. On-time arrival ensures that classes are able to start and finish at the
scheduled time. On-time arrival shows respect for both fellow students and faculty and it enhances
learning by reducing avoidable distractions.
• Students display their name cards. This permits fellow students and faculty to learn names, enhancing
opportunities for community building and evaluation of in-class contributions.
• Students are fully prepared for each class. Much of the learning in the Texas BBA program takes place
during classroom discussions. When students are not prepared, they cannot contribute to the overall
learning process. This affects not only the individual but their peers who count on them, as well.
• Students respect the views and opinions of their colleagues. Disagreement and debate are encouraged.
Intolerance for the views of others is unacceptable.
• Students attend the class section in which they are registered. Learning is enhanced when class sizes
are optimized. Limits are set to ensure a quality experience and safety.
• Technology is used to enhance the class experience. When students are surfing the web, responding to
e-mail, instant messaging each other, and otherwise not devoting their full attention to the topic at
hand, they are doing themselves and their peers a major disservice. Those around them face additional
distractions. Fellow students cannot benefit from the insights of the students who are not engaged.
Faculty office hours are spent going over class material with students who chose not to pay attention,
rather than truly adding value by helping students who want a better understanding of the material or
want to explore the issues in more depth. Students with real needs may not be able to obtain adequate
help if faculty time is spent repeating what was said in class. There are often cases where learning is
enhanced by the use of technology in class. Faculty will let you know when it is appropriate.
• Phones and wireless devices are turned off. We’ve all heard the annoying ringing in the middle of a
meeting. Not only is it not professional, but it also cuts off the flow of discussion when the search for
the offender begins. When a true need to communicate with someone outside of class exists (e.g., for
some medical need) please inform the professor prior to class.

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Diversity and Inclusion
It is my intent that students from all diverse backgrounds and perspectives be well served by this course, that
students’ learning needs be addressed, and that the diversity that students bring to this class can be comfortably
expressed and be viewed as a resource, strength and benefit to all students. Please come to me at any time with
any concerns.

Personal Pronoun Preference

Professional courtesy and sensitivity are especially important with respect to individuals and topics dealing
with differences of race, culture, religion, politics, sexual orientation, gender, gender variance, and
nationalities. Class rosters are provided to the instructor with the student’s legal name. I will gladly honor your
request to address you by a name different than what appears on the roster, and by the gender pronouns you
use. Please advise me of this preference early in the semester so that I may make appropriate changes to my
records.

Student Rights & Responsibilities

• You have a right to a learning environment that supports mental and physical wellness.
• You have a right to respect.
• You have a right to be assessed and graded fairly.
• You have a right to freedom of opinion and expression.
• You have a right to privacy and confidentiality.
• You have a right to meaningful and equal participation, to self-organize groups to improve your
learning environment.
• You have a right to learn in an environment that is welcoming to all people. No student shall be
isolated, excluded or diminished in any way.

With these rights come responsibilities:

• You are responsible for taking care of yourself, managing your time, and communicating with the
teaching team and with others if things start to feel out of control or overwhelming.
• You are responsible for acting in a way that is worthy of respect and always respectful of others.
• Your experience with this course is directly related to the quality of the energy that you bring to it, and
your energy shapes the quality of your peers’ experiences.
• You are responsible for creating an inclusive environment and for speaking up when someone is
excluded.
• You are responsible for holding yourself accountable to these standards, holding each other to these
standards, and holding the teaching team accountable as well.

Religious Holy Days

By UT Austin policy, you must notify me of your pending absence as far in advance as possible to the date of
observance of a religious holy day. If you must miss a class, an examination, a work assignment, or a project in
order to observe a religious holy day, you will be given an opportunity to complete the missed work within a
reasonable time after the absence.

Services for Students with Disabilities

This class respects and welcomes students of all backgrounds, identities, and abilities. If there are
circumstances that make our learning environment and activities difficult, if you have medical information that
you need to share with me, or if you need specific arrangements in case the building needs to be evacuated,
please let me know. I am committed to creating an effective learning environment for all students, but I can
only do so if you discuss your needs with me as early as possible. I promise to maintain the confidentiality of
these discussions. If appropriate, also contact Services for Students with Disabilities, 512-471-6259 (voice) or
(512) 410-6644 (video phone).

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Dropping the Course
Students must go through the official procedures to drop the course. A student who stops attending
the class and fails to officially drop will receive a grade of F. Consult the Academic Calendar on the
Registrar’s website (http://registrar.utexas.edu/calendars/ ) for specific deadlines.

Counseling and Mental Health Center

Do your best to maintain a healthy lifestyle this semester by eating well, exercising, avoiding drugs and
alcohol, getting enough sleep and taking some time to relax. This will help you achieve your goals and cope
with stress. All of us benefit from support during times of struggle. You are not alone. There are many helpful
resources available on campus and an important part of the college experience is learning how to ask for help.
Asking for support sooner rather than later is often helpful. If you or anyone you know experiences any
academic stress, difficult life events, or feelings like anxiety or depression, we strongly encourage you to seek
support. A Counselors in Academic Residence (CARE) Program is available in each college from the
Counseling and Mental Health Center.

The Sanger Learning Center

Did you know that more than one-third of UT undergraduate students use the Sanger Learning Center each
year to improve their academic performance? All students are welcome to take advantage of Sanger Center’s
classes and workshops, private learning specialist appointments, peer academic coaching, and tutoring for
more than 70 courses in 15 different subject areas. For more information, please visit Sanger Learning Center
or call 512-471-3614 (JES A332).

Student Emergency Services

UT’s Student Emergency Services provides assistance, intervention, and referrals to support students
navigating challenging or unexpected issues that impact their well-being and academic success. If you need to
be absent from class due to a family emergency, medical or mental health concern, or have academic difficulty
due to crisis or an emergency situation, please register with Student Emergency Services. SES will verify your
situation and notify your professors.

Important Safety Information

If you have concerns about the safety or behavior of fellow students, TAs or Professors, call BCCAL (the
Behavior Concerns and COVID-19 Advice Line): 512-232-5050. Your call can be anonymous. If something
doesn’t feel right – it probably isn’t. Trust your instincts and share your concerns.

CLASSROOM SAFETY AND COVID-19

To help preserve our in-person learning environment, the university recommends the following.
Adhere to university mask guidance. Masks are strongly recommended, but optional, inside university
buildings for vaccinated and unvaccinated individuals, except when alone in a private office or single-occupant
cubicle.
Vaccinations are widely available, free and not billed to health insurance. The vaccine will help protect against
the transmission of the virus to others and reduce serious symptoms in those who are vaccinated.
Proactive Community Testing remains an important part of the university’s efforts to protect our community.
Tests are fast and free.
The university has determined that all students coming to campus for the fall semester must receive a viral
COVID-19 test in their local community within 72 hours prior to arrival in Austin for move in. If they already
reside in Austin, they must test within 72 hours of moving into the residence where they will reside for the
academic semester. Finally, individuals who are already living in the residence in Austin where they will
reside this academic semester should test within 72 hours (3 days) prior to the start of class on Aug. 25.
We encourage the use of the Protect Texas App each day prior to coming to campus.
If you develop COVID-19 symptoms or feel sick, stay home and contact the University Health Services’ Nurse
Advice Line at 512-475-6877. If you need to be absent from class, contact Student Emergency Services and
they will notify your professors. In addition, to help understand what to do if you have had close contact with
someone who tested positive for COVID-19, see this University Health Services link.
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Behavior Concerns and COVID-19 Advice Line (BCCAL) remains available as the primary tool to address
questions or concerns from the university community about COVID-19.
Students who test positive should contact BCCAL or self-report (if tested off campus) to University Health
Services.
Visit Protect Texas Together for more information.

Title IX Reporting
Title IX is a federal law that protects against sex and gender-based discrimination, sexual harassment, sexual
assault, sexual misconduct, dating/domestic violence and stalking at federally funded educational institutions.
UT Austin is committed to fostering a learning and working environment free from discrimination in all its
forms. When sexual misconduct occurs in our community, the university can:
1. Intervene to prevent harmful behavior from continuing or escalating.
2. Provide support and remedies to students and employees who have experienced harm or have become
involved in a Title IX investigation.
3. Investigate and discipline violations of the university’s relevant policies.

Faculty members and certain staff members are considered “Responsible Employees” or “Mandatory
Reporters,” which means that they are required to report violations of Title IX to the Title IX Coordinator. I
am a Responsible Employee and must report any Title IX-related incidents that are disclosed in writing,
discussion, or one-on-one. Before talking with me or with any faculty or staff member about a Title IX-related
incident, be sure to ask whether they are a responsible employee. If you want to speak with someone for
support or remedies without making an official report to the university, email [email protected] For
more information about reporting options and resources, visit the Title IX Office or email
[email protected].

Campus Safety
The following are recommendations regarding emergency evacuation from the Office of Campus Safety and
Security, 512-471-5767;
• Occupants of buildings on The University of Texas at Austin campus must evacuate buildings when a
fire alarm is activated. Alarm activation or announcement requires exiting and assembling outside.
• Familiarize yourself with all exit doors of each classroom and building you may occupy. Remember
that the nearest exit door may not be the one you used when entering the building.
• Students requiring assistance in evacuation shall inform their instructor in writing during the first week
of class.
• In the event of an evacuation, follow the instruction of faculty or class instructors. Do not re-enter a
building unless given instructions by the following: Austin Fire Department, The University of Texas
at Austin Police Department, or Fire Prevention Services office.
• For more information, please visit emergency preparedness.

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 ACC 311
Libby, Libby, Hodge Financial Accounting, Tenth Edition
Textbook Material Excluded from the Course

EXAM 1

Chapter 1
Chapter Supplement B: Employment in the Accounting Profession (p 23-24)

Chapter 11
Key Ratio Analysis: Dividend Yield (p 577)
Stock Dividends and Stock Splits: (p 580-582)
Preferred Stock: (p. 585-586)
Chapter Supplement: Accounting for Owner’s Equity for Sole Proprietorships and Partnerships (p 589-592)

EXAM 2
Chapter 6
To Take or Not to Take the Discount (bottom page 292)
Report, control and safeguard cash (p 306-311)

Chapter 7
Inventory Methods and Financial Statement Analysis (p 359-361)
Chapter Supplement A: LIFO Liquidations (p 367-368)
Chapter Supplement B: FIFO and LIFO Cost of Goods (p 368-369)
Chapter Supplement C: Additional Issues in Measuring Purchases (p 369-370)

Chapter 8
Units-of-Production (p 411-412)
Declining- Balance Method (p 412-413)

Chapter 9
Chapter Supplement B: Deferred Taxes (p 497-498)

FINAL EXAM
Chapter 10
The Chapter 10 reading assignment is somewhat different from the other chapters. Read pages 518-529 first, then the supplement pages 541-547, then
finish the chapter with pages 536-541.
Key Ratio Analysis: Times Interest Earned (page 528)

Chapter 12
Key Ratio Analysis: Quality of Income Ratio (p 629)
Key Ratio Analysis: Capital Acquisitions Ratio and Free Cash Flow (p 632-633)
Chapter Supplement A: Reporting Cash Flows from Operating Activities – Direct Method (p 639-642)

APPENDIX A
Investments for Significant Influence (A16 to A20)
Controlling Interests (A20 to A26)
Appendix Supplement (A-26-A27)

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