Principles of Accounting I

Accounting 2301.004 Principles of Accounting I Assignment Sheet – Spring 2007 Dr. McConnell

Homework Assignments Meeting Date Chapter: Topic Exercises Problems (Group A) and Cases 1 Jan. 17 Introduction

2 Jan. 22 Ch. 1 - The Financial Statements 1, 2, 3, 4, 5, 6, 8

3 Jan. 24 " 12, 13, 14 3, 6, Case 2 4 Jan. 29 Ch. 2 - Transaction Analysis 4, 5, 7, 8 ,14

5 Jan. 31 " 5, 6, 7

6 Feb. 5 "

7 Feb. 7 Ch. 3 - Accrual Accounting 4, 6, 7, 11 ,16

8 Feb. 12 " 11, 19 4, 7(1&2), 9

9 Feb. 14 Exam 1: Chapters 1-3

10 Feb. 19 Ch. 4 - Cash 2 , 3, 6, 9

11 Feb. 21 " 2, 3, 4

12 Feb. 26 Ch. 5 - Short Term Investments 2, 3, 5, 6 Receivables 13 Feb. 28 " 8, 10 1, 2, 3, 4

14 March 5 Ch. 6 - Inventory 1 (work perpetual and Cost of Goods Sold periodic), 2 ( show sales as Appendix A follows: 10/10 sold 7 units and 10/18 sold 10 units), 3 (same sales dates and units as in Ex.2), 4, 9 15 March 7 Exam 2: Chapters 4-5

Spring Break Week: Erin Go Bragh!

16 March 19 Ch. 6 - Inventory 15 3( assume sales are 220 units on 12/15 and 476 units on 12/26)

Meeting Date Chapter: Topic Homework Assignments Exercises Problems (Group A) and Cases

March 21 " 5

18 March 26 Ch. 7 – Fixed Assets and Intangible 1, 2, 3, 6, 10, 14, 19 Assets 19 March 28 " 2, 3, 5

March 30 Last Day to Drop Class

20 April 2 Ch. 8 - Liabilities 1, 2, 7, 9, 10, 11, 12

21 April 4 " 2, 4

22 April 9 Ch. 9 - Stockholders’ Equity 2, 3, 6 ,7 ,8, 10

23 April 11 Exam 3: Chapters 6-8

24 April 16 Ch. 9 - Stockholder’s Equity 11, 13 ,15 2, 7

25 April 18 "

26 April 23 Ch. 10 - Long-Term Investments 1 ,2, 3, 4, 5

27 April 25 " 7, 8 2, 5, 6

28 April 30 Ch. 11 - Income Statement and 1, 2, 5, 7, 9 Statement of Equity 29 May 2 " CP 3, 5

May 7 Final Exam 11:00 A.M. - 1:30 PM COURSE OBJECTIVES:

This course is the first course in Accounting and provides an introduction to the accounting process and its informational output. Topics include financial accounting concepts, basic procedures, and the resulting reports. The course focuses on financial accounting and is designed to teach the concepts and procedures underlying the measurement and reporting of financial information. This course lays the fundamental groundwork for students aspiring to careers as professional accountants. In addition, this course provides essential training for other business majors whose future duties are dependent on financial accounting and reporting as an important source of data.

COURSE PREREQUISITES: There are no prerequisites for this course.

FINAL EXAMINATION: Section 002 – Meets in COBA 255, Monday & Wednesday at 1:00pm-2:20pm. Final on Monday, May 7, 2007 at 11:00 a.m. – 1:30 p.m.

READING ASSIGNMENTS AND HOMEWORK:

You are expected to read each chapter in its entirety prior to the day for which it is assigned. It is best to complete the reading assignment before attempting the written homework assignment. Each homework assignment should be prepared by the beginning of the class designated on the assignment schedule. These problems are selected to help you learn important concepts. You should expect to spend about 12 hours per week preparing for class.

COURSE GRADE:

Pts. %

Examinations (3)

A -- 90% Comprehensive Final Examination 150

B -- 80% C -- 70%

D -- 60%

F -- below 60%

450 100 Pop quizzes may be given if student performance and class attendance are unsatisfactory. Pop quiz points will increase the number of total course points from 450 and will likewise change the respective examination percentages shown above.

Trends in examination scores will be considered in assigning grades to students who are “borderline” between A and B, B and C, etc. “Borderline” grade cases will also be considered in terms of the individual’s performance on the comprehensive final exam. Specifically, a student whose final exam score is less than the class average on the final should expect to receive a lower course grade.

When you take an Exam, the grade will be recorded and cannot be dropped. There will be no make up examinations. The final examination will carry a weight of 250 points in the event that you have missed a regular examination; the final examination is required for course credit. Trends in examination scores will be considered in course grade. An “A” grade will not be awarded unless all regular examinations are taken or where the final is being used as a make-up exam for a regular exam missed due to an excused absence. Grades of “X” (incomplete) will not be granted except in the most extenuating of circumstances. DEPARTMENT OF ACCOUNTING TUTORING LAB:

The Department of Accounting maintains and staffs a free tutoring lab each semester. During operating hours students can visit the lab to access solution manuals for most accounting courses and/or consult with lab assistants regarding basic accounting questions. Information about the lab’s location, hours of operation, and operating policies are posted on the bulletin board outside the departmental offices (room 409 Business Building). Operating hours typically vary during the semester based on expected student demand for assistance and variations in staff availability due to holidays. Therefore, you are advised to consult the posted information frequently.

The department also maintains an on-line Tutoring Lab website that includes solution manuals for most accounting courses. This website is located at http://www2.uta.edu/accounting6/ . On this website the solutions for each chapter are available in Adobe PDF format. If you do not have the Adobe Acrobat Reader on your computer you can obtain it for free from the Adobe website. Homework files are protected with a unique password that varies by accounting course. I will provide you the password for the ACCT 2301 homework solutions. To access this website you will need to supply your UTA logon ID and password when prompted.

TEXT MATERIALS:

Financial Accounting , Harrison and Horngren, 6th edition.

A packet of Scantron sheets, Form 882E (preferable) or Form 882. Bring Scantron sheets to exams.

GENERAL ADMINISTRATIVE MATTERS:

If you are in some way disabled, please let me know if there is anything I can do to accommodate your disability in satisfying the requirements of this course.

All policies pertaining to academic dishonesty as described in the UTA undergraduate catalog will be adhered to. Scholastic dishonesty will not be tolerated. The Department will, as a matter of policy and without exception, seek strict disciplinary action against any person committing any act of scholastic dishonesty -- including cheating, plagiarism, collusion, the submission for credit of any work or materials that are attributable in whole or in part to another person, taking an examination for another person, or any act designed to give unfair advantage.

OFFICE HOURS:

Room 420 COBA, ph: 817-272-3057, MW 2:30-4:30 pm, MW, 10:00 p.m.- ? E-mail: [email protected], which automatically forwards to my home computer. Website: http://www2.uta.edu/accounting/mcconnell

"No man ever reached to excellence in any one art or profession without having passed through the slow and painful process of study and preparation." Horace

"It is attitude, not aptitude, which determines altitude." Author Unknown