ACTG 317:
Accounting Processes and Controls
Fall 2008 Syllabus
Professor: Dr. Jared A. Moore E-mail: jared.moore@bus.oregonstate.edu
Office: BEXL
224E Phone: 737-2517
Office Hours: MTWTh 3:00 –
4:00pm
(or by appointment)
Class Times: TTh 8:00 – 9:50am (CRN 17533)
Classroom: BEXL 328 (Moss
TTh 10:00
– 11:50am (CRN 17534) Credit Hrs: 4
TTh 12:00 – 1:50pm (CRN 17535)
Welcome to ACTG 317, Accounting
Processes and Controls.
ACTG
317 is the first in a three-course sequence that covers the theory and practice
of accounting and financial reporting to external parties. This course focuses on the accounting process
from recording transactions to preparing financial reports and is intended to
develop an understanding of how accounting theory and the conceptual framework form
the foundation for accounting practice. In
addition, this course is intended to assist students in preparation to become a
professional, and thus contains components designed to aid in the development
of technical, analytical, problem-solving and communications skills. It is assumed that students come into this
course with a working knowledge of the material covered in BA 211 and BA 213,
as many of the topics covered in these courses will be examined in much more
detail (both theoretically and practically).
Class will be conducted in a
lecture-discussion format. Topics will
be introduced and examples will be given in class – and students are encouraged
to ask questions and participate in class discussion. There will also be in-class exercises from
time to time that will require participation from students. Students are expected to bring to class the
textbook, a calculator, and a printout of the class notes for the chapter(s) to
be covered in class.
Prerequisites:
1. Junior standing, and
2. Must have completed BA 213
and BA 271 with a grade of “C” or better.
Required Resources:
Text: 1) Kieso, Weygandt, and Warfield, Intermediate
Accounting, Twelfth Edition w/ 2007 FASB Update
(hereafter Kieso)
a. Two
copies are on reserve at the library.
b. Just
as a “heads up,” you will be using the same text in ACTG 318 and ACTG 319 (if
you
continue on to those
courses).
2)
Your BA 211
textbook or equivalent (optional but
recommended)
a. Two copies of the BA 211 text used last year are
on reserve at the library.
Packet: The manual accounting project (Corvallis
Athletic Supply) packet is available at the OSU bookstore.
E-mail: E-mail may be used at times to communicate
course information to students outside of class. All
students need to have a
functional
and check it AT LEAST DAILY. Everyone in the class has an OSU e-mail
account – and if you do
not regularly check your OSU account,
it is your responsibility to get your OSU account forwarded to
the e-mail account you regularly
use.
Blackboard: Class notes (Power Point
slides), practice problem sets, selected homework answers, and other course
materials will be available for download from the course Blackboard site at https://my.oregonstate.edu/webapps/login. Blackboard will also be the primary outlet
for important course announcements – so it should also be checked AT LEAST DAILY.
Important
Dates:
BAP Meet the Firms Night: Oct. 8,
6:30pm
Last Day to Withdraw from a Course: Nov. 14, 11:55pm (must be passing to receive a “W”)
Last Day for Total Withdrawal from University: Dec.
5, 5:00pm (must be passing to receive a
“W”)
Academic
Dishonesty:
Cheating
and plagiarism will not be tolerated in this course. If a student is caught engaging in such
activity, he or she will be dealt with according to University and
Grading:
Final
grades will be determined based on the following structure:
|
Quizzes |
60 points |
|
Group
Project (CAS) |
100 points |
|
Midterm
Exam |
100 points |
|
Final
Exam |
125 points |
|
Professionalism |
40 points |
|
Total |
425 points |
Quizzes / Homework: Questions, Exercises, and Problems are assigned from
each chapter to give you practice in applying the concepts learned. It is essential that you work through these
on your own before coming to class so you can participate in any class
discussion and so the material presented in class is easier to absorb. Homework will not be collected, but there are
three ways in which failing to complete the homework assigned can adversely
affect your grade.
First
(and most directly), there will be 6 on-line quizzes worth 12 points each that
will consist of questions taken directly from the homework assigned. The quizzes are 1) “open-book,” 2) do not
have a time limit, 3) must be completed by you alone (no working together), and
4) must be completed before 8:00am on the
date corresponding to the quiz due date on the class schedule. You will take the quizzes through the
Blackboard site. Your lowest quiz score
will be dropped for determination of your final grade.
Second,
successfully learning the material in this class depends at some level on
having adequate practice and repetition.
Much of this practice is provided by the homework. As such, failure to take the homework
seriously often translates into lower exam scores.
Finally,
coming to class unprepared to participate in class discussions will adversely
affect your Professionalism grade for the class (described in detail below).
Group Project: A group project (Corvallis Athletic Supply) worth
100 points will be required in this course, and portions will be due at the beginning
of class on three different dates. More information on the nature of the
work and time frame will be provided in class. There may or may not be some class time available to organize and discuss
the assignment; however, substantial out-of-class work will be required to
complete the project. Each student will
be evaluated by his/her teammates in terms of participation and
professionalism, and these evaluations will be incorporated into his/her
project grade. Late work will be
accepted up to the next class session, but with a 25% penalty for each 24 hours
or part thereof that it is late.
Exams: Both exams will be administered as common
evening exams and must be taken during the time scheduled (missed exams cannot
be made up). Absence from a scheduled
exam without prior approval from the
professor will result in a grade of zero on the exam. Approval to be absent from an exam will only
be granted in cases of extreme personal emergency. Written verification of the personal
emergency must be provided. Note that
oversleeping, parking trouble, traffic, etc. are NOT considered extreme
personal emergency. The exam schedule
for the class is as follows:
Midterm Monday, October 27,
2008 – time TBD
Final Monday, December 8, 2008 – 7:30am
Graded exams remain the
property of the professor, but may be viewed at any time during office hours.
Each student must have
his/her own calculator
as no sharing will be allowed on exams.
Also, students are responsible for battery failure and/or calculator
malfunction – and may not use this as a reason for excused absence from an exam
or additional time to complete an exam. Finally,
cell phone calculators or other
calculators with data storage capabilities are not permited.
Professionalism: Professionalism consists of preparation for
class, attendance, punctuality, class participation, cooperation, respect for
colleagues, respect for the instructor, etc.
Professionalism will impact your grade in two ways:
Instructor
evaluation: The Professionalism points
in this class (noted above) will be awarded on the basis of the professionalism
elements listed above and will amount to almost 9˝ % of the total course
grade.
Group
member evaluation: As previously
mentioned, group members will be required to evaluate each other’s
professionalism and participation on the CAS project. This allows the people who are in the best
position to assess your professionalism the opportunity to do so. Unsatisfactory group evaluations will have the
power to reduce an individual’s score on the group project. These evaluations will be due with the final
(third) part of the project.
Grading Disputes:
Students who
believe that an error has been made in the grading of an exam, project, or quiz
should submit a written request for re-grading within one week of the
originally graded exam, project, or quiz being returned in class. This request must identify the item in
question and describe why the student believes it has been graded
erroneously. Students should understand
that submission of this request will result in a complete re-grading of the
item in question, which may produce a higher or lower score than originally received.
Syllabus
Changes:
Changes
to the syllabus are not anticipated and would only occur if absolutely
necessary. However, you are responsible
for any changes announced in class, posted on Blackboard, and/or communicated
through e-mail.
Students with Disabilities
Accommodations are collaborative efforts between students, faculty and Services
for Students with Disabilities (SSD). Students with accommodations approved
through SSD are responsible for contacting the faculty member in 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 737-4098.
HOW TO
APPROACH THIS CLASS
Regular
attendance is essential. There is a
fairly straightforward correlation between attendance and performance; students
who do not attend class regularly tend to do poorly in the course.
Read
the text chapters and do the homework sets as they are assigned (i.e., take the
class seriously from the start).
Learning accounting is sequential in nature. Your prospects for understanding a new
concept are largely contingent upon your having a solid understanding the
previously discussed concepts.
Avoid
memorization; rather develop an understanding of concepts. Do not try to memorize the material so you
can recite it back – this will not help you in most cases. In ACTG 317 most of the assignments (including
exams) require you to apply the concepts
being covered or to think beyond the material presented. These types of assignments cannot be done
well without substantial consideration and thought.
This is a tough and
time-consuming course. Make sure your
schedule allows you sufficient time to be successful.
This
course is intended to deepen and extend your basic understanding of financial
accounting concepts including the conceptual framework, the accounting cycle,
journalizing and posting events and transactions via general and special /
subsidiary journals and ledgers, adjusting and closing entries, financial
statement preparation, the statement of cash flows, and basic financial
statement analysis. The anticipated
learning outcomes are to acquire sufficient knowledge and comprehension of
these accounting concepts to apply generally accepted accounting principles to prepare
financial statements, solve accounting problems, analyze accounting issues, and
appraise proposals for changes in generally accepted accounting procedures
based on the underlying theory and conceptual framework.
*****
|
ACTG
317 |
|
|
|
|
|
|
Fall
2008 |
|
|
|
|
|
|
Syllabus
- Class Schedule |
|
|
|
|
|
|
|
|
|
|
|
|
|
DAY |
TOPIC |
|
|
|
HOMEWORK |
|
|
-Introduction |
|
Chapter 1 |
|
|
|
TUE 9/30 |
-Course /
Syllabus Overview |
|
|
|
|
|
1 |
-Financial
Acctg / Acctg Standards |
|
|
|
|
|
|
|
|
|
|
|
|
THU 10/2 |
-CAS
Project Overview |
|
Chapter 2 |
|
Q 1-5,
1-17, 1-28, 2-6, 2-8, 2-20 |
|
2 |
-Financial
Acctg / Acctg Standards (cont.) |
|
|
|
E 2-1,
2-4 |
|
|
-Conceptual
Framework |
|
|
|
|
|
|
|
|
|
|
|
|
TUE 10/7 |
-Conceptual
Framework (cont.) |
|
Chapter 3 |
|
On-Line
Quiz 1 "Due" |
|
3 |
-AIS /
Acctg Cycle |
|
(Including Appendices) |
|
Q 3-1,
3-7, 3-12 |
|
|
|
|
|
|
E 3-1,
3-4, 3-11, 3-22 |
|
|
|
|
|
|
P 3-8,
3-10 |
|
|
|
|
|
|
|
|
THU 10/9 |
-AIS /
Acctg Cycle (cont.) |
|
|
|
|
|
4 |
|
|
|
|
|
|
TUE 10/14 |
-AIS /
Acctg Cycle (cont.) |
|
|
|
|
|
5 |
|
|
|
|
|
|
THU 1016 |
-Income
Statement |
|
Chapter 4 |
|
On-Line
Quiz 2 "Due" |
|
6 |
|
|
|
|
Q 4-6 |
|
|
|
|
|
|
E 4-5,
4-13, 4-15 |
|
|
|
|
|
|
P 4-2,
4-5, 4-6, 4-7 |
|
|
|
|
|
|
|
|
TUE 10/21 |
-CAS
Project Part 1 Due |
|
|
|
|
|
7 |
-Income
Statement (cont.) |
|
|
|
|
|
|
|
|
|
|
|
|
THU 10/23 |
-Review
for Midterm |
|
|
|
On-Line
Quiz 3 "Due" |
|
8 |
-Practice
Problems (time permitting) |
|
|
|
|
|
|
|
|
|
|
|
|
MON 10/27 |
COMMON
MIDTERM |
|
|
|
|
|
9 |
|
|
|
|
|
|
TUE 10/28 |
-I/S -
Acctg Chgs & Errors |
|
Chapter 22 |
|
E 22-2,
22-8, 22-11, 22-16, 22-18 |
|
10 |
|
|
(Skip Appendix 22A) |
|
P 22-1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
THU 10/30 |
NO CLASS
- SELF STUDY |
|
|
|
|
|
|
|
|
|
|
|
|
ACTG
317 |
|
|
|
|
|
|
Fall
2008 |
|
|
|
|
|
|
Syllabus
- Class Schedule |
|
|
|
|
|
|
|
|
|
|
|
|
|
DAY |
TOPIC |
|
|
|
HOMEWORK |
|
TUE 11/4 |
-Briefly
Go Over Midterm |
|
|
|
|
|
11 |
-I/S -
Acctg Chgs & Errors (cont.) |
|
|
|
|
|
|
|
|
|
|
|
|
THU 11/6 |
-I/S -
Acctg Chgs & Errors (cont.) |
|
Chapter 5 |
|
On-Line
Quiz 4 "Due" |
|
12 |
-Balance
Sheet |
|
(Skip Appendices) |
|
Q 5-7 |
|
|
|
|
|
|
E 5-2,
5-8, 5-13, 5-15 |
|
|
|
|
|
|
P 5-2,
5-5, 5-6 |
|
|
|
|
|
|
|
|
TUE 11/11 |
-CAS
Project Part 2 Due |
|
|
|
|
|
13 |
-Balance
Sheet (cont.) |
|
|
|
|
|
|
|
|
|
|
|
|
THU 11/13 |
-Balance
Sheet (cont.) |
|
|
|
On-Line
Quiz 5 "Due" |
|
14 |
-Statement
of Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
TUE 11/18 |
-Statement
of Cash Flows (cont.) |
|
|
|
|
|
15 |
|
|
|
|
|
|
THU 11/20 |
-Internal
Control |
|
|
|
On-Line
Quiz 6 "Due" |
|
16 |
|
|
|
|
|
|
TUE 11/25 |
-CAS
Project Part 3 Due |
|
Chapter 5 |
|
|
|
17 |
-Statement
of Cash Flows (cont.) |
|
(Appendix 5A Only) |
|
|
|
|
-Financial
Statement Analysis |
|
|
|
|
|
|
|
|
|
|
|
|
THU 11/27 |
THANKSGIVING
- NO CLASS |
|
|
|
|
|
|
|
|
|
|
|
|
TUE 12/2 |
-Financial
Statement Analysis (cont.) |
|
|
|
|
|
18 |
|
|
|
|
|
|
THU 12/4 |
-Review
for Final Exam |
|
|
|
|
|
19 |
-Practice
Problems (time permitting) |
|
|
|
|
|
|
|
|
|
|
|
|
MON 12/8 |
FINAL
EXAM - 7:30AM |
|
|
|
|
|
20 |
|
|
|
|
|