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BA 211
Financial Accounting
Fall 2008
Course Name: Financial
Accounting
Course
Number: BA 211
Course
Credits: Four
Course Schedule: Twice per
week in two hour blocks on Mondays and Wednesdays.
BA
211 Section 3 (CRN 14373) meets from 8:00 am – 9:50 am
BA
211 Section 4 (CRN 10229) meets from 4:00 pm -- 5:50 pm
Course
Location: Bexell Hall Room 321
Prerequisites:
Math 111 and sophomore
standing
Instructor: Larry
L. Brown, CPA
Office: Bexell
429
Phone: 541 737 3226 (Do not leave message)
503 799 2686 (Cell phone – it is ok
to leave message)
E-mail: larry.brown@bus.oregonstate.edu
Office Hours: Monday
1:30 pm -- 3:30 pm
Tuesday
9:00 am – 10:00 am
Wednesday
1:00 pm -- 2:15 pm
If you are unable to attend the
“Office Hours” contact me before or after class, via E-mail or phone and I will
attempt to meet with you at a time convenient to both of us.
I am more than willing to assist
you during the course in understanding the course material. It will be to your advantage to seek
assistance as soon as you feel you need help. This class moves very quickly and
the material builds upon the prior information.
Your understanding of each topic is critical to your successful completion
of this course.
As for E-mails, I will make every
attempt to respond within 24 hours Monday – Thursday and 48 hours
Friday-Sunday.
Tutoring: Tutoring is available free
of charge. This service is provided by
members of Beta Alpha Psi. Time and location
will be announced in class.
Changes to The
instructor reserves the right to make changes to this syllabus and the
Syllabus and schedule
as necessary. Any changes to the course
schedule, content or
Tentative Schedule: syllabus will
be announced during a regular class period.
It is your responsibility to keep track of all pertinent changes.
Important Dates: Last Day to Withdraw with a grade
of “W”: Friday, Nov. 14th
Final
Exam: Dec. 8-12th
Learning
Materials: Required text- Financial Accounting,
Materials-Class notes, homework assignments and other related
materials
will distributed as appropriate.
Calculator-
Four function only; No programmable calculators may be used for Exams.
My Accounting Lab must be
purchased via the book store (ask cashier for My Accounting Lab log-in or
online) www.myaccountinglab.com
Two choices
to purchase access to MyAccountingLab:
1.
Purchase access at OSU
bookstore [Part of package with textbook].
Click: Student under
registration
Click:
Click: Financial
Accounting at the book
Click: Purchase an Access
Code
Proceed to Registration
Click: I Accept
Click: No, I am a New
User
Enter: Login & Password
(they choose this)
Follow rest of directions.
Course name and ID for BA 211 Section 3(CRN 14373) is
Financial Accounting and brown16346,
respectively
Course name and ID for BA 211 Section 4 (CRN 10229) is
Financial Accounting PM and brown03756,
respectively
Catalog Accounting
information from the perspective of external users, principally
Description:
investors and creditors. Emphasis is on data preparation, interpretation of
financial statements, income recognition and determination, and asset
valuation.
Brief Overview: BA 211 will be conducted by lecture with some time spent reviewing
homework exercises. Our pace will be
approximately one textbook chapter per week.
You are expected to read and study the chapter and to prepare the
homework before each class meeting
Attendance: Regular attendance and class active participation are
imperative if this class is to be a meaningful experience for all
students. It is to your advantage
to attend class and participate in discussion. Attendance is critical to your
ability for understanding and be successful in this course. Attending class
provides the opportunity to judge your progress in learning the material and
prepares you for the exams. Class participation will not only increase your
understanding, but will assist the knowledge and understanding of all students
in the classroom. Students are expected to
participate in class discussion of assigned homework exercises and reading
materials. An excessive number of
absences and/or lack of active participation will be considered when
determining the final grade in this course.
Therefore, I reserve the right to adjust grades based on class
attendance and participation. It is
your responsibility to advise the instructor of any classes you anticipate
missing.
Measurable The primary learning outcomes of BA 211are:
Student 1) Each
student shall be able to analyze basic business economic events to
Learning determine
their effect on accounts and financial statements
Outcomes 2) Each student shall have a basic understanding of the accounting
cycle, be
able analyze economic events and prepare
simple journal entries.
3) Each student shall be
able to interpret and analyze accrual and cash flow
information presented in accounts.
4) Each student shall be
able to interpret and analyze financial statements.
5) Each student shall
have a basic understanding the principles of internal
control and be able to apply them to relatively
straight forward situations to
identify strengths and weaknesses.
6) Each student shall be able to analyze issues relating to inventory,
receivables,
long-lived assets, liabilities and stockholders equity and recommend
appropriate accounting treatment.
Classroom BA 211 class policies are intended to promote and
maintain a professional
Environment and atmosphere and an appropriate learning
environment. The Accounting
Policies: Program at
All
students are expected to conduct themselves in a courteous and professional
manner at all times and prepare all assignments in a professional manner. Please do not come into class late, read
(textbook or newspapers) during class, sleep during class, talk excessively
with other students during lectures or otherwise be disrespectful to the other
students or the instructor. Such
behaviors are disruptive to the learning environment and could adversely affect
your final grade.
Please turnoff/mute all items that emit sounds and
noises that may interrupt the class (e.g., cellular phones, pagers), unless
there is a specific reason for needing notification during a particular class
(such as a sick child at home) and approval has been received prior to the
beginning of that class.
Both
classes are substantially full and there is no room in either section. Unless you have received prior permission you
will be expected to attend the section in which you are enrolled.
All graded assignments must be submitted by the day
they are due. Late assignments will not
be accepted and receive a zero score. Exams
will be available for review but will not be returned.
I welcome grading-related questions after homework or exams have been
graded and returned/reviewed. However specific
grading questions are limited to the two week period beginning the day after
the day the graded assignments are returned in class or the exam results have
been made available for review
Be judicious in your use of e-mail. First try to contact me directly, either
in class or during office hours. Questions that can be easily answered
from other
sources (i.e., the course coverage, syllabus, or assignments) are not judicious
uses of e-mail. Be professional when
writing e-mail – present your point or request without making demands or
accusations – be respectful and use professional salutations. Check your spelling and grammar as best you
can. Be aware that I may not reply to
e-mail I consider frivolous or unprofessional.
|
|
Do |
Don’t |
|
1. |
Be
professional |
Read
during class |
|
2. |
Be
courteous |
Sleep
during class |
|
3. |
Arrive on
time |
Talk
excessively |
|
4. |
Allocate
time to this course |
Let your
phone ring in class |
|
5. |
Work
assigned problems prior to class |
Cheat |
|
6. |
Write
professional correspondence |
Send
unprofessional e-mails |
|
7. |
Attend
the class you are assigned |
Attend
the other section |
Accounting Department
Policies: CALCULATORS- No programmable calculators, cell phones, head phones or computers
may be used during exams. Only departmental approved calculators will be
allowed. Currently, only simple four function calculators and financial
calculators such as the TI BA series are approved for exam use.
NO NOTES will be allowed on exams.
MIDTERM EXAMS - Attendance is mandatory on scheduled test
dates in the section in which you are enrolled. There will be no
"make-up" midterm exams. If you are unable to take an exam for
a legitimate reason acceptable to the instructor, your final exam will be given
additional weight proportional to the missing exam score.
NO MAKE UP OR EARLY FINAL EXAMS will be allowed. An exam session will be
scheduled following the regular scheduled exam time for students with exam
conflicts. Only students with a valid excuse for missing the
regularly-scheduled final exam are eligible to take the make-up exam. In
other cases students will be encouraged to take the final the following
term.
ALL EXAMS (midterm and final) WILL BE RETAINED BY THE DEPARTMENT. Any student who fails to turn in all or part
of an exam will receive an F (zero points) on the exam.
Evaluation
of Course requirements include
examinations, a project, quizzes, homework
Student exercises
and professionalism, as discussed above.
The weighting of the course
Performance: requirements is as follows:
|
Assignment/Test |
Points |
|
|
|
|
Midterm
Examination No. 1 |
200 |
|
Midterm
Examination No. 2 |
200 |
|
Final
Examination |
240 |
|
Comprehensive
Project |
48 |
|
Homework
Exercises |
64 |
|
Quizzes |
48 |
|
Writing to
Learn-Accrual Paper |
Extra Credit |
|
Professionalism
(at instructors sole discretion) |
+/- 40 |
|
|
|
|
Total Possible Points |
800 |
Extra credit is
at the instructors discretion based on activities during the term.
Grade Your course grade will be
determined by your performance based on the
Distribution: total
points earned throughout the entire class.
At my sole discretion I may award grades on a curve. If I do so, the
curve will be no higher than shown below. The curve may be lowered depending on
the distribution of the total points for the class. Any adjustment of the curve
will only be applied to the final grade.
At this time I do
not intend to give plus/minus grades but I reserve the right to do so if I
believe that it is appropriate when awarding final grades. Grades will be available via MyAccountingLab.
|
A |
720-800 |
|
B |
640-719 |
|
C |
560-639 |
|
D |
480-559 |
|
F |
Below 480 |
Final Grade for Course--Grades
will be posted via MyAccountingLab as
quickly after the final exam as possible.
Students will be given 24 hours after posting to notify instructor of
any errors or questions. Once grades are
posted to the university system they will NOT be modified except in extreme
circumstances.
Examinations:
There will be three examinations, two midterms and a final. See the assignment schedule for class
dates. No make-up mid-term exams will be
given after the exam date. If you are
involved in campus activities that will prevent you from taking the exam at the
scheduled time, you must make arrangements to take the exam early. If an unavoidable emergency arises,
preventing you from taking a mid-term exam when scheduled and you provide
sufficient evidence of this emergency the Mid-Term and Final Exam grades will
be averaged.
Note Card: Note cards will NOT be allowed for ANY
exam.
There are no example examinations.
All material presented in class is subject to examination. Therefore there is no need to ask if material
will or will not be on an examination.
You may bring a calculator, pencil and eraser into the
examinations. No note cards or any other
supporting materials will be allowed during examinations.
No make-up
examinations for the mid-term examinations will be given after the examination
date. Students who miss an examination
without an excused absence will not be given a make-up examination and will be
given a score of 0.
The final
examination must be taken at the scheduled time during finals week. The final examination is mandatory. Students
who miss the final exam will receive a failing grade for the course.
Homework Assignments,
Writing to Learn, Accrual
Paper and Quizzes: Comprehensive
Assignment (CP1 & CP2)
Instructions for the comprehensive assignment will be distributed as
follows:
Phase I - On or about October 2, 2008. Phase I is due November 23, 2008.
Phase II – On or about
November 24, 2008. Phase II is due December 3, 2008.
Homework Exercises (HW1-HW8)
There are eight (8) homework exercises which will be completed via
MyAccounting Lab. Most of the homework
exercises are due after the chapters are covered in class to reiterate the
material. In order to be successful it
is critical you read the chapter before attempting the exercises. There will be no time limit during the
assignment as long as exercises are submitted before the deadline. THERE WILL BE NO EXTENSIONS OR EXCEPTIONS ---
even if it is due to technical difficulties or complications. Please complete the quizzes and assignments
in the allotted time. Each homework
exercise consists of 4-8 questions. Each
question is worth 1-2 points and each homework exercise is worth a total of 8
points for a total of 64 points (8 * 8 = 64).
Quizzes (Q1-Q6)
There are six (6) quizzes which must be completed BEFORE the lecture
covering specific chapters. The chapter
quizzes will be eight multiple-choice questions and available via
MyAccountingLab. Students can attempt
each quiz ONE time. Each quiz has 90 minutes (1 1/2 hour) limit. The purpose of the quizzes will be to assist
your understanding of the material presented.
In order to be successful it is critical that you read the chapter prior
to attempting the quiz or attending class.
The total points for all the quizzes will be 6% of the total grade, so
do not take them for granted. No make up quizzes will be given. Each of the six (6) quizzes are worth 8 points
a piece. Thus, you can earn a total of
48 points for quizzes (6 * 8 points).
Writing to
Learn – Accrual Accounting Paper (Extra Credit Paper)
Instructions for this paper will be distributed via email on or about
October 2, 2008. The paper is due on
October 20, 2008 as indicated on the class schedule.
MyAccountingLab
The quizzes and homework
exercises are offered via MyAccountingLab www.myaccountinglab.com
See instructions with respect to MyAccountingLab in the Learning
Materials section above.
Code of Conduct: The following is from the
http://www.bus.oregonstate.edu/about/cobcodeofconduct.htm. As a member of the College of Business
Community I will:
·
treat others with honesty, respect and courtesy
·
maintain the highest levels of academic integrity
·
act in accordance with my ethical and social responsibilities
·
strive to foster a professional learning environment
·
act in a professional manner
The
Code of Conduct for the
A reputation for personal integrity is valuable in the business and broader world. A good reputation is created through personal behavior and performance over time that is observed by friends, colleagues, and business associates, both superiors and subordinates.
The students, faculty, administrators and staff of the
Academic Academic Dishonesty is not tolerated. All University regulations regarding
Dishonesty academic honesty applies to
aka Cheating: a test, homework assignment,
project or quiz, it will at a
minimum result in a grade of zero on the test or assignment and at a maximum
result in a failing grade (“F”) in the class. DO NOT CHEAT. Cheating includes copying test material, using
unacceptable items during a test, copying or substantially using another
students (regardless of when, where, why or how) writing or return,
plagiarizing or using the ‘solutions’ to problems or assignments provided to
other students in previous classes.
Academic dishonesty rules apply both to the originator and the
copier. You should guard your work
carefully. If you are unsure what
constitutes plagiarism, please see me. I do not tolerate dishonesty and any
suspected dishonesty will be reported to the University and processed according
to their published academic dishonesty procedures. See Statement of Expectations for Student
Conduct at http://oregonstate.edu/admin/stucon/achon/htm.
Statement Accommodations
are collaborative efforts between students, faculty and
Regarding Services
for Students with Disabilities (SSD). Students with accommodations
Students approved
through SSD are responsible for contacting the faculty member in
With Disabilities: charge of the course prior to or during the first week of the term to
discuss accommodations. Students who believe they are eligible for
accommodations but who have not yet obtained approval through SSD should
contact SSD immediately at 541-737-4098.
A Little Personal I
started my accounting career with
Coopers & Lybrand (now
Background: PricewaterhouseCoopers-PwC)
in 1975 and was a partner in PwC from 1983 until my retirement in 2005. I served
numerous publicly and privately held clients in a variety of industries
including retail/distribution, real estate, construction, food processing and
manufacturing. I provided audit related
services to publicly held businesses and provided audit, review and compilation
services to privately held businesses as well as income tax planning and
compliance services to those businesses and to their owners and key management.
I assisted many of my clients in addressing
accounting, tax and operational issues such as identifying and analyzing
financing alternatives, evaluation of acquisition targets, entity formation and
structuring, preparing prospective financial information, evaluating capital
project alternatives, developing and evaluating accounting methods and
procedures and reviewing income tax planning strategies. .
I received
a Bachelor of Science degree in Business Administration (with a concentration
in Accounting) from
I am a member of the American Society of Certified Public
Accountants,
|
Day |
Date |
Chapter |
Homework & Quizzes |
Grades |
|
Monday |
9/29 |
Intro & Chap One |
|
|
|
Wednesday |
10/1 |
Chapter Two |
|
|
|
Sunday |
10/5 |
ASSIGNMENT |
Q Chapter One |
Q1 |
|
Monday |
10/6 |
Chapter Two & Three |
|
|
|
Wednesday |
10/8 |
Chapter Three |
|
|
|
Thursday |
10/9 |
ASSIGNMENT |
HW Chapter Two HW Chapter Three |
HW1 HW2 |
|
Sunday |
10/12 |
ASSIGNMENT |
Q Chapter Four |
Q2 |
|
Monday |
10/13 |
Chapter Four |
|
|
|
Wednesday |
10/15 |
Chapter Five |
|
|
|
Thursday |
10/16 |
ASSIGNMENT |
HW Chapter Four HW Chapter Five |
HW3 HW4 |
|
Monday |
10/20 |
ASSIGNMENT |
Writing to Learn |
Extra Credit |
|
Monday |
10/20 |
Review |
|
|
|
Wednesday |
10/22 |
Mid Term Exam One |
|
|
|
Sunday |
10/26 |
ASSIGNMENT |
Q Chapter Six |
Q3 |
|
Monday |
10/27 |
Chapter Six |
|
|
|
Wednesday |
10/29 |
Chapter Six & Seven |
|
|
|
Thursday |
10/30 |
ASSIGNMENT |
HW Chapter Six |
HW5 |
|
Sunday |
11/2 |
ASSIGNMENT |
Q Chapter Seven |
Q4 |
|
Monday |
11/3 |
Chapter Seven |
|
|
|
Wednesday |
11/5 |
Chapter Eight |
|
|
|
Thursday |
11/6 |
ASSIGNMENT |
HW Chapter Eight |
HW6 |
|
Monday |
11/10 |
Chapter Eight |
|
|
|
Wednesday |
11/12 |
Review |
|
|
|
Monday |
11/17 |
Mid Term Exam Two |
|
|
|
Wednesday |
11/19 |
Chapter Nine |
|
|
|
Thursday |
11/20 |
ASSIGNMENT |
HW Chapter Nine |
HW7 |
|
Sunday |
11/23 |
ASSIGNMENT |
Q Chapter Twelve |
Q5 |
|
Sunday |
11/23 |
ASSIGNMENT |
Comprehensive
Problem |
CP1 |
|
Monday |
11/24 |
Chapter 12 |
|
|
|
Wednesday |
11/26 |
Chapter 12 & 13 |
|
|
|
Thursday |
11/27 |
Thanksgiving |
|
|
|
Sunday |
11/30 |
ASSIGNMENT |
HW Chapter Thirteen |
HW8 |
|
|
---- |
Dead Week 1-5 |
--------------------- |
|
|
Monday |
12/1 |
Review |
|
|
|
Wednesday |
12/3 |
ASSIGNMENT |
Comprehensive
Problem |
CP2 |
|
Sunday |
12/7 |
ASSIGNMENT |
Q Comprehensive |
Q6 |
|
|
---- |
EXAM Week 8-12 |
-------------------- |
|
|
TBD |
12/9 |
7:30 am |
Comprehensive Final Exam |
CH 337 |
The instructor reserves the right to make changes to this syllabus and
the schedule as necessary. Any changes
to the course schedule, content or syllabus will be announced during a regular class
period. It is your responsibility to
keep track of all pertinent changes.