Oregon State University

College of Business

BA 211- Financial Accounting

Spring Term 2005

Instructor: Li Dang

Office: 422A Bexell Hall

Phone: 541-737-6049

E-mail: li.dang@bus.oregonstate.edu

Office Hours: Monday 12:00-1:00; Tuesday 3:00-4:00; Wednesday 12:00-1:00

Required Textbook: Financial Accounting, Kimmel, Weygandt and Kieso, 3rd Edition, Wiley, 2004

Blackboard: Please login with your ONID username and password to your Blackboard account through the following website. https://my.oregonstate.edu/webapps/login My announcements and class materials will be posted on the Blackboard. 

Course Overview:

This is an introductory course in financial accounting. The primary objectives of this course are to show students how accounting information helps decision-making and how this information is formed. After this course, students should be able to (1) understand the basic accounting concepts and principles; (2) perform basic accounting procedures underlying an entity’s financial statements; and (3) understand and use financial statements for decision-making.

This class will be conducted primarily through lectures.

Class Attendance and Preparation

Class attendance is essential for success in this course.  While attendance will not be taken during the term, you are expected to attend each class.  In the event you need to miss a class, you must make the necessary arrangements to find out what you have missed.  Due to the amount of material to be covered, all students are expected to read the chapters to be covered prior to attending class in order to facilitate classroom discussions. Students will be called upon to answer questions during the term.

Grading Policy:

Grading for this course will be based on homework assignments, group assignments and 3 examinations. Course grades will be calculated according to the following weights:

	Points	Weight
Homework Assignments	60	10%
Group Assignments	60	10%
Mid-term Exam #1	150	25%
Mid-term Exam #2	150	25%
Final Exam	180	30%
Total	600	100%

Note: no extra credit opportunities will be given in this class.

Homework Assignments

There will be six homework assignments. Each homework assignment will be weighted equally. Homework will be collected at the beginning of the class period on the day it is due. The purpose of these assignments is to enhance the student’s mastery of the course material and to develop the student’s problem solving skills.  Each student is required to submit his or her own homework assignment solutions.  All homework should be typed and printed. No late assignments will be accepted without the instructor’s approval. The late homework policy is as follows:
    1. All homework must be turned in at the specified date and time. Homework that is collected in class is due prior to the beginning of class or the moment you enter the classroom.
    2. Late homework will not be accepted unless you make arrangements with the instructor prior to the due date and time.
    3. If prior arrangement has been made with the instructor to turn in an assignment late, in addition to that assignment, you may be assessed a penalty for turning in a homework assignment late. The penalty will be a fixed number of points that will automatically be deducted from your homework grade.

Group Assignments

There will be 7 in-class group assignments in the course. The purpose of these assignments is to encourage group discussions. You will be asked to work in a group containing 3-4 students in the class containing a group assignment. Group assignments will be assigned after the lecture portion of the class. You will then be given the remainder of the class period to complete the assignment. Upon completed the assignment, you must turn in one solution for the entire group. Group assignments will not be announced prior to the class. Therefore, if you miss the class containing a group assignment, you will receive a score of zero for that assignment. However, your lowest group assignment score will be dropped.

Examinations:

There will be three in-class, closed book examinations. The first mid-term exam will cover chapters 1-5 and the second will cover chapters 6-10. The final exam will be COMPREHENSIVE with approximately 50 multiple choice questions.

During exams, students may only use a basic 4 function calculator or a financial calculator which is carried by the OSU Bookstore.  Students will not be permitted to refer to notes or any other materials during the exam.  Sharing of calculators during exams is not permitted. No programmable calculators, cell phones, head phones or computers may be used during exams.

It is the students’ responsibility to schedule arrangements and holiday plans which do not conflict with the scheduled exam dates. In the event that a dire emergency arises which prevents a student from attending a scheduled exam, permission to be excused from the exam must be obtained from the instructor prior to the exam date.  An unexcused absence from an exam will result in a zero for that exam.

Students with Disabilities: If you have a learning disability that affects your ability to take an exam, and you believe your condition warrants special arrangements, please speak with me by the end of the first week of classes.

Academic Dishonesty: According to OSU student conduct regulations, academic dishonesty is defined as an intentional act of deception in which a student seeks to claim credit for the work or effort of another person or uses unauthorized materials or fabricated information in any academic work. All cases of suspected academic dishonesty will be handled in strict accordance with University and College Policy. Please refer to Office of Student Conduct website for more information.

Tentative Class Schedule

Week	Class Meeting	Class Contents	After-class Readings & Assignments Due Dates
1	Mar. 28	Chapter1: Introduction to Financial Statements	Read: Chapter 1 & Chapter 2
	Mar. 30	Chapter2: A Further Look at Financial Statements	Read: Chapter 3
2	Apr. 4	Chapter3: The Accounting Information System	Assignment 1 Due Read: Chapter 4
	Apr. 6	Chapter4: Accrual Accounting Concepts
3	Apr. 11	Chapter 4 Continued	Read: Chapter 5 & Appendix
	Apr. 13	Chapter 5: Merchandising Operations and the Multiple-Step Income Statement	Read: Chapter 1-5; Prepare for mid-term exam
4	Apr. 18	Mid-term Exam# 1 (Chapters 1-5)	Assignment 2 Due Read: Chapter 6 & Appendix 6A
	Apr. 20	Chapter 6: Reporting and Analyzing Inventory	Read: Chapter 7
5	Apr. 25	Chapter 7: Internal Control and Cash	Read: Chapter 8
	Apr. 27	Chapter 8: Reporting and Analyzing Receivables	Assignment 3 Due Read: Chapter 9
6	May 2	Chapter 9: Reporting and Analyzing Long-Lived Assets	Read: Appendix C           Chapter 10 & Appendix 10B
	May 4	Chapter 10: Reporting and Analyzing Liabilities Appendix 10B & Appendix C	Assignment 4 Due Read: Appendix 10B
7	May 9	Chapter 10 Continued	Read: Chapter 6-10; Prepare for mid-term exam
	May 11	Exam 2 (Chapters 6-10)	Read: Chapter 11
8	May 16	Chapter 11: Reporting and Analyzing Stockholders’ Equity	Assignment 5 Due Read: Chapter 12
	May 18	Chapter 12: Statement of Cash Flows	Read: Chapter 13
9	May 23	Chapter 13: Performance Measurement	Assignment 6 Due
	May 25	Chapter 13 Continued	Read: Chapter 1-13, Prep for the Final Exam
10	May 30	Memorial Day (Holiday)
	Jun. 1	Exam Review
Final’s Week	Jun.9-Jun.14	Comprehensive Final Exam	Time: TBA Location: TBA

WARNING:  This syllabus is subject to change at the discretion of the instructor.  It is the student’s responsibility to keep track of all pertinent changes and to advise the instructor of any classes they anticipate missing.