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NOTE: ACTG 318 is not being offered during Summer
2008.
The course materials below are for reference purposes only.
ACTG 318 – External Reporting I
Course Syllabus – Winter 2008
Instructor Information:
Professor: Monica Banyi
Office: 224D Bexell Hall
Telephone: 737-6011
Class Times: Section 1: MWF 8:30 am – 9:40 am
Section 2: MWF 10:00 am – 11:10 pm
Section 3: MWF 12:00 pm – 1:10 pm
Office Hours: Monday 2pm – 3pm; Tues 4pm – 5pm; Fri 2pm – 3pm
Or by appointment
E-mail: Monica.Banyi@bus.oregonstate.edu
Learning Outcomes and
Instructional Objectives:
Prerequisite: ACTG 317 and BA 340 with a “C” or better
Acceptance into the Accounting Program
ACTG 318 is the second in a three-course series in intermediate
financial accounting which explore financial accounting and reporting topics in
more depth. The purpose of the
intermediate accounting series is to extend the students’ knowledge and
understanding of the conceptual framework of accounting as well as financial
reporting practices and principles.
Upon completion of this course, the student will be able to:
- Understand and interpret financial accounting information
- Recognize when generally accepted accounting principles (GAAP) are inconsistent with underlying theories.
- Recognize and distinguish the relationships between the balance sheet, income statement, and statement of cash flows.
- Explain and provide examples of fundamental accounting concepts such as relevance, reliability, comparability, consistency, conservatism, the matching principle, materiality, and present value concepts.
- Develop and apply practical skills such as information analysis, decision-making, research, technology, and communication skills
Students will learn how to account for complex accounting transactions
relating to assets and liabilities and how to prepare and interpret financial
statements and related footnotes.
These objectives will be achieved not only through textbook readings and
problems but also through examining actual financial statements, working
problems based on actual financial statements, and reading and discussing
articles from the financial press on relevant accounting issues.
The course is intended for students preparing to become practitioners in
either the public or private sector. Additionally, the course can provide a
valuable background for those preparing for various managerial or financial
careers.
Course Requirements:
Required Text and Materials:
Spiceland, Sepe and Tomassini, Intermediate Accounting,
Revised 4th Edition
Recommended Text:
May and May, Effective Writing: A
Handbook for Accountants, Seventh Edition[1]
Homework, Assignments, and Examinations:
Daily Assignments: Preparation of daily homework assignments is critical for success in any intermediate accounting course. The attached homework schedule indicates problems and exercises that will be reviewed in class on the days indicated. Students are expected to demonstrate their preparation by answering questions posed about the assigned problems. The assigned homework is an integral part of the course experience, and as such, all students are required to prepare their written solutions to the assigned problems before the in-class discussions. If a student is unable to complete a problem due to difficulties with the new material, then written questions about the specific home work problem may be substituted for a solution. Random homework audits will occur over the term and will impact a student’s in-class participation points.
In-Class Assignments:
During the term, several in-class assignments will be conducted in a
variety of formats including homework audits, quizzes, and group problems. The purpose of these assignments is
three-fold: to encourage regular
attendance, to encourage preparation for the daily class material, and to test
the student’s understanding and competencies in the current course
materials. Due to the nature
of the assignments, no make-ups will be given; however, more than the maximum
points will be offered over the term.
Blackboard Quizzes:
Four Blackboard quizzes will be conducted during the term and the
deadlines are noted in the course schedule. The purpose of these quizzes is to
promote preparation and assess mastery of the course materials. The content of the multiple choice
quizzes will cover problems and materials covered since the last test. These
quizzes are open book and open note but are of limited time duration (2
hours). These quizzes reflect individual effort; thus, any consultations with
current students, former students, or other individuals except the course
instructor will be considered violations of the University’s academic
integrity policies.
Please check that Blackboard has recorded a grade after you complete the quiz. If a grade is not recorded in Blackboard by the due date, the student will receive a zero for that quiz.
** All quizzes are due at 7pm on the due date. There are NO exceptions. **
Group Project: Over the course of ACTG 318, we will assess the balance sheet and income statement effects of very specific business transactions. To help students build their understanding and comprehension of how these individual elements form the basis of completed financial statements and related footnotes, students will complete the financial statements of a fictional company. The specific requirements of the group project will be discussed separately during a future class session.
Examinations: Four one-hour tests and one final exam will be given. If you cannot take an exam at the scheduled date/time, you must contact the instructor at least 5 days in advance to discuss alternative arrangements. A make-up examination may be available for unavoidable conflicts known in advance of the test. Students who miss a test without an excused absence will not be given a makeup exam. They will be given a mark of 0.
The final exam is mandatory. Students who miss the final exam and are not excused will receive a failing grade in the course. Because the final exam is cumulative, the instructor may increase the weight on the comprehensive final exam if it is to your advantage.
Course Policies:
Evaluation of Student Performance: The following items may comprise your final grade:
Test 1 (Chapter 7) 60
Test 2 (Chapters 8-9) 70
Test 3 (Chapters 10-11) 70
Test 4 (Chapters 13-14) 70
Final Exam (March 19th) 150
Group Project 100
Blackboard Quizzes 50
In-Class Assignments 30
600
At the end of the course, after the final exam, letter grades will be assigned based on a percentage of points earned to total points available. I anticipate applying the following minimum grading standard in assigning final grades. Any adjustment or curve will be applied only to final grades:
90 – 100 A
80 – 89 B
70 – 79 C
60 – 69 D
Below 60 F
It is the responsibility of the student to withdraw from the course on or before the deadline. Failure to complete minimum requirements will result in a failing grade.
Course Communication: Course materials
and announcements are available on Blackboard. All email communication will occur
through the ONID email accounts (through Blackboard). If necessary, please forward your
account.
Professional Behavior:
Regular attendance and active
participation are imperative if this class is to be a meaningful experience for
all students. An excessive number of absences and/or lack of active participation
will be considered when determining the final grade in this course. Students are expected to treat their
fellow students and instructor with respect. Professionalism will pervade our
classroom conduct. It is not
professional to impede a classmate’s desire to learn. The following rules are a basis of the
professional behavior within our classroom:
- Students
are expected to attend and be prepared for all regularly scheduled
classes. Timely and sustained
presence is mandatory – please do not disrupt class by walking in
late or walking in and out of the room.
- Students
are expected to participate in class discussion of assigned homework and
reading materials.
- Please
turn off all cell phones, pagers, laptops, and other wireless devices
before class begins.
- Private
discussions, comments, etc. are not appropriate in the classroom unless
they are with your group during the assigned time.
- Students
will abide by the University’s academic misconduct rules and
procedures.
All efforts to promote a friendly, constructive learning environment (attend all classes, frequently participate in class), are greatly appreciated and will enhance your grade. Alternatively, actions that can damage the learning environment of the class are strongly discouraged as they can hurt other students’ learning and grades. Specifically, actions such as coming late to class, being disruptive in class (reading newspaper, talking with your neighbor), being disrespectful to fellow students or the professor or leaving before the class is over will adversely affect your grade. Achieving the course objectives will require a great deal of effort on both of our parts!
Academic Integrity: Academic dishonesty is not tolerated in any form. See http://oregonstate.edu/admin/stucon/achon.htm.
Availability
of Graded Assignments and Grading Errors: Graded assignments are returned during
class. If you miss class when an
assignment is returned, please see the instructor during office hours. All graded exams remain the property of
the instructor. Students may
examine graded tests at any time during the term during office hours or by
appointment. Students have seven
class days after an exam or other graded assignment is returned to bring
grading errors to the instructor’s attention.
Other Information: Students are expected to assume a high degree of responsibility for meeting course requirements. Financial accounting rules are comprehensive and ever-evolving. The professor may not be able to cover every topic in class that might be included on exams. Careful reading of the textbook, regular class attendance and completion of all assignments are necessary to succeed in this course. A grade of C or better is required in order to enroll in ACTG 319.
Statement Regarding 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 term to discuss accommodations. Students who believe they are eligible for accommodations who have not yet obtained approval through SSD should contact SSD immediately at 737-4098.
The instructor reserves the right to make
changes to this syllabus and course schedule as necessary. Any changes to the course content or
syllabus will be announced during a regular class period.