Financial Accounting

ACCT 2300 Financial Accounting Fall 2017

Instructor: Name: Roberta Allen Office No: BA 362E Phone 834-2032 Office Hours: MTW 4:00 p.m. – 5:30 p.m. E-mail address: [email protected] Web address: http://robertaallen.ba.ttu.edu

Required Course Materials - PURCHASE IMMEDIATELY A. Course Text – Porter and Norton: Financial Accounting (10th edition), The Impact on Decision Makers, loose leaf, TTU edition (available at the bookstores) packaged with CengageNow online homework website access. B. Activity Packet and Mini Practice Set – Acct 2300, Fall 2017, Allen (available in Room 107, first floor at the east end of the RCOBA, accepting cash or check, but NO CREDIT CARDS). DO NOT USE A PACKET FROM A PREVIOUS SEMESTER. C. Four-Function Calculator. See my website for examples. A four-function calculator is one that has the following functions: subtracting, adding, multiplying, and dividing. The calculator may also have: a) a % key, b) a square root key, c) a single-number memory. NO OTHER TYPE of calculator is permitted. D. 3 X 5 index cards (approximately 50). These may be white or colored, lined or unlined as you prefer. (see pages 3-1 through 3-4 in the Activity Packet or my website for more instructions) E. Pencil and eraser. Do all your work in pencil.

Course Objectives To introduce students to the components and structure of financial statements, to discuss the ethical issues surrounding the preparation of financial statements, and to educate students in the preparation and use of financial statements.

Learning Outcomes Upon successfully completing this course, students will be able to:  Describe the objectives of financial reporting  Understand the accounting cycle  Identify account names and their characteristics  Demonstrate the effect of business transactions on the accounting equation  Apply accounting assumptions, principles, and constraints to measure, record, report, and interpret business transactions  Use the rules of debit and credit to record transactions  Combine individual measurements of accounting elements into financial statements  Demonstrate an understanding of the relationships of the elements on the financial statements

Assessment Methods The expected learning outcomes for the course will be assessed through exams, quizzes, in-class activities, homework, and assignments. To be successful, you must devote sufficient time and attention to homework and assignments. Those who do not actively participate in the learning process through completion of these activities and reading assignments, will find that they do not do as well in the course. This course will require daily effort.

Accounting 2300 Fall 2017 – Allen SYL1 Course Grade Determination Course activities carry the following weights Points Requirements Quizzes (10 @ 4 points each) 40 B = 400 to 449 points Homework (12 chapters @ 2 pts each) 24 C = 350 to 399 points Participation 38 D = 300 to 349 points Regular exams (3 @ 100 points each) 300 A = 450 points and above Comprehensive final exam 100 F = less than 300 points Total points 502

A. QUIZZES: There will be 15 graded quizzes given throughout the semester on Blackboard. Each quiz will be worth 4 points. I will count only your ten best quiz scores. Quizzes can have a significant impact on your overall course grade. You will have a question bank and practice quizzes available. A list of quizzes and due dates will be posted on my website.

B. HOMEWORK: Homework is required to give you practice in applying the accounting concepts you have learned and to prepare for examinations. Homework points are earned by chapter and are graded online only. Homework exercises and problems come from the end of each chapter in your textbook. Homework should be completed as instructed in the textbook on notebook paper first and then answers should be submitted on CengageNow. Do not shortcut by working your homework directly online. Your learning is greatly enhanced by working the homework without relying on guidance from CengageNow. If you complete the chapter homework by the due date and time with an overall 80% score for the chapter, you will receive 2 points for that chapter’s homework. There is no credit for late homework, and no partial credit for individual exercises or problems within the chapters. A list of the homework and due dates will be posted on my website.

C. PARTICIPATION: It is critical that you attend class and participate in all class activities. Each day you attend class and participate in class activities you will receive one point. Any time a class is cancelled for any reason, you cannot earn participation for that day. To qualify for participation points you must 1) be present for the entire class period, 2) participate in the classroom activities, 3) bring all required materials, 4) have completed your assignments, and 5) be fully prepared for class. The following are examples of types of behavior that will disqualify you from receiving the participation points. You may also be asked to leave class for these behaviors. Absence, tardiness, or leaving early Talking, cell phone or other electronic device interruptions or usage, and other disruptive or distracting behavior Sleeping, reading newspapers, studying for other classes, and other non-attentive behavior Failure to bring required materials to class (examples: textbook, activity packet, mini practice set, calculator, note cards, pencil, completed assignments, scantrons, etc.) Inability to answer questions or other evidence of a failure to prepare for class. Failure to complete class work or assignments. 1. ASSIGNMENTS: Assignments are in addition to and different from homework. Assignments count as part of your Participation Grade. An assignment can include, but is not limited to reading, answering written reading questions, working in the Mini Practice Set or Activity Packet, preparing materials for class, etc. Written assignments are due at the beginning of class. Late assignments are not accepted. Make sure you can locate your assignment and that you have already put your name, section number, row and seat number on the top of each page so you can turn it in or have it checked at the beginning of class. A list of assignments and due dates will be posted on my website.

2. ATTENDANCE: Attendance is part of the participation grade. Excused absences include only certain designated Texas Tech activities, military obligations, and hospitalizations. Documentation is required.

Accounting 2300 Fall 2017 – Allen - SYL2

D. EXAM PROCEDURES: A schedule of the exam dates will be posted on my website. All exams will be given in the Rawls College of Business Testing Center. It is your responsibility to familiarize yourself with their policies and procedures before taking your exam. You can find this information at http://testingcenter.ba.ttu.edu/students/guide.php Violation of any of these exam rules may result in a reduction of your score or a zero on your exam.

Be aware that you will have a 3 day window to take each of the first three tests. Seating is on a first come, first served basis. It is wise to take the test as soon as possible. Class will not meet on the Monday of a test window to help facilitate taking the test on the first day available. If the testing center gets backed up and you are unable to complete the test by the last day at the closing time, you will receive a zero for the exam. The final exam will have a 2 day window.

The comprehensive final exam score can be used to replace an exam missed due to reasons beyond your control. Documentation will be required and the instructor determines eligibility for the substitution.

Academic Integrity Integrity is a minimum requirement for all students participating in accounting courses in the Rawls College of Business. Any breach of academic integrity will be addressed as outlined in University policies.

Disabling Conditions Any student who, because of a disabling condition, may require special arrangements in order to meet course requirements should contact the instructor the first week of classes to make necessary accommodations.

Civility in the classroom Students are expected to assist in maintaining a classroom environment which is conducive to learning. In order to assure that all students have an opportunity to gain from time spent in class, unless otherwise approved by the instructor, students are prohibited from using electronic devices, challenging instructor’s authority, eating or drinking in class, coming in late or leaving early, making offensive remarks, reading newspapers, sleeping or engaging in any other form of distraction. Inappropriate behavior in the classroom shall result in, minimally, a request to leave class.

Changes Any changes in assignments or due dates will be announced in class. It is the responsibility of each student to attend class and become aware of such changes.

Accounting 2300 Fall 2017 – Allen SYL3