University of North Carolina at Greensboro s1

University of North Carolina at Greensboro Bryan School of Business and Economics Department of Accounting and Finance

ACC 201-02: Financial Accounting Fall 2009

INSTRUCTOR: Linda Kolbasovsky, Ph.D., CPA OFFICE: 336 Bryan PHONE: 334-5647 E-MAIL: [email protected] OFFICE HOURS: Monday and Wednesday 3:30-5:00 PM and by appointment GRADUATE ASSISTANT: Brittany Murray, [email protected] TUTORING: 330 Bryan

Course Objectives:  Demonstrate an understanding of basic accounting terminology and procedures  Create the financial statements which flow from the accounting process  Understand the accounting cycle and the accounting system  Develop an understanding of how business organizations operate and the events which have a financial impact upon them  Understand the time value of money concepts  Facilitate the development of the student’s written communication skills through an essay assignment, essay assessment and/or business memo assignments  Contribute toward the Bryan School’s commitment to information technology by requiring students to use the internet, e-mail, word processing software and spreadsheet software where appropriate within the course.

Text: Financial Accounting (Selected materials from Survey of Accounting and Fundamental Financial Accounting Concepts). The software (Homework Manager) code is required and should be included in the text or can be purchased online.

Course Resources: Blackboard: http://blackboard.uncg.edu Homework Manager: http://connect.mcgraw-hill.com/class/l_kolbasovsky_fall_2009

Grades will be determined by:  2 mid-term exams: 20% each  1 final exam (proctored, closed-book, cumulative): 30%  1 Written Assignment: 10%  Homework: 20%

Grading Scale: A+ = 97-100 A = 93-96 A- = 90-92 B+ = 87-89 B = 83-86 B- = 80-82 C+ = 77-79 C = 73-76 C- = 70-72 D+ = 67-69 D = 63-66 D- = 60-62 F = 59 and below Graduate students: any average below 70 = F Academic Integrity Policy: http://academicintegrity.uncg.edu/violation/ Students are expected to know and abide by the UNCG’s Academic Integrity Policy.

Student Conduct: http://studentconduct.uncg.edu/policy/code/ Students are expected to know and abide by the Student Code of Conduct.

Student Disabilities: http://ods.dept.uncg.edu/services/ Any request for special accommodations must come through that office with the appropriate paperwork.

Attendance Policy: While there is no required attendance policy, be aware that people who come to class generally perform better on tests than people who do not come to class.

Make-up Exam Policy: No make-up tests will be given for mid-terms. For students with documentation the points will be added to the final exam.

Makeup policy for other assignments: Homework is due on the due date. No exceptions.

This class will abide by the University’s policy during inclement weather as it is posted on the website or by calling 334-5000.

Other Comments:

1. Your education is your primary responsibility. It is your job to prepare for and attend class.

2. Please bring your calculator to all classes. You may not borrow or share calculators during exams.

3. This course is a critically important portion of the business curriculum at UNCG. (If you are an accounting major, you should not take this course, but take ACC 218 instead.) It is also very time intensive. You may find it necessary to read the textbook material more than once to fully absorb it.

4. There are no opportunities for “extra credit” in this course.

5. All assignments must be submitted online and must be completed on time. Date Topic Assignment

Aug. 24 Chapter 1: An Introduction to Accounting Aug. 26 Chapter 1 continued Read Chapter 1 Aug. 31 Chapter 1 continued Chapter 1 Homework due by Aug. 31 @ 11:55 PM Sept. 2 Chapter 2: Understanding the Accounting Cycle Read Chapter 2 Sept. 7 Labor Day – no class Sept. 9 Chapter 2 continued Sept. 14 Chapter 2 continued Chapter 2 Homework due by Sept. 15 @ 11:55 PM Sept. 16 Chapter 3: Accounting for Merchandising Businesses Read Chapter 3 Sept. 21 Chapter 3 continued Sept. 23 Chapter 3 continued Chapter 3 Homework due by Sept. 24 @ 11:55 PM Sept. 28 Mid-term Exam: Chapters 1, 2 & 3 Sept. 30 Chapter 4: Accounting for Inventories Read Chapter 4 Oct. 5 Chapter 4 continued Oct. 7 Chapter 4 continued Chapter 4 Homework due by Oct. 8 @ 11:55 PM Oct. 12 Fall Break – no class Oct. 14 Chapter 5: Accounting for Receivables Read Chapter 5 Oct. 16 Last day to drop without penalty Oct. 19 Chapter 5 continued Oct. 21 Chapter 5 continued Chapter 5 Homework due by Oct. 22 @ 11:55 PM Oct. 26 Chapter 6: Accounting for Long-Term Assets Read Chapter 6 Oct. 28 Chapter 6 continued Nov. 2 Chapter 6 continued Chapter 6 Homework due by Nov. 3 @ 11:55 PM Nov. 4 Mid-term Exam: Chapters 4, 5 & 6 Nov. 9 Chapter 7: Accounting for Liabilities Read Chapter 7 Nov. 11 Chapter 7 continued Nov. 16 Chapter 7 continued Nov. 18 Chapter 7 continued Chapter 7 Homework due by Nov. 19 @ 11:55 PM Nov. 23 Chapter 8: Accounting for Long-Term Debt Read Chapter 8 Nov. 25 Thanksgiving Break – no class Nov. 30 Chapter 8 continued Dec. 2 Chapter 8 continued Chapter 8 Homework due by Dec. 3 @ 11:55 PM Dec. 7 Review Dec. 9 Review Dec. 14 Cumulative Final Exam: 12:00 noon – 3:00 PM