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BA 211 – Financial Accounting

 

Oregon State University

College of Business/Accounting Department

BA 211: Financial Accounting

Course Syllabus:  Fall, 2016

______________________________________________________________________________

 

Course Number:       BA 211 Sections 05, 06

Course Name:            Financial Accounting (4 credit hours)

 

Instructor:                  Dr. Linda Lee Larson, CPA, CIA, CISA, CFE

E-mail:                        Linda.Larson@oregonstate.edu

                                    Email is the best way to reach this instructor!

 

Office:                        Austin Hall 477    Phone:  541-737-4297 (commuter line)

 

Office Hours:             TR 12:00 noon – 1:00 p.m.

                                    MW 5:50 p.m. Furman 101 (right after class)

                                    And by appointment

 

Classrooms:               Section 05: MW 4:00 - 5:50 p.m. Furman 101

Section 06: TR 10:00 - 11:50 a.m. Austin 100

 

Course Description: Accounting information from the perspective of external users, principally investors and creditors. Emphasis on the data preparation and interpretation of financial statements, income recognition and determination, and asset valuation.  (This course is a service course for the College of Business and is required for all business majors.)

 

Prerequisites: Math 111 and Sophomore Standing

 

Learning Outcomes:

·         Each student shall be able to analyze basic business economic events to determine their effect on accounts and financial statements.

·         Each student shall have a basic understanding of the accounting cycle, be able to analyze economic events and prepare simple journal entries.

·         Each student shall be able to interpret and analyze accrual and cash flow information presented in accounts.

·         Each student shall be able to interpret and analyze financial statements.

·         Each student shall have a basic understanding of the principles of internal control and be able to apply them to relatively straight forward situations to identify strengths and weaknesses.

·         Each student shall be able to analyze issues relating to inventory, receivables, long-lived assets, liabilities and stockholders’ equity and recommend appropriate accounting treatment.

 

Required Course Materials:

1. Financial Accounting by Harrison, Horngren, Thomas, & Tietz   2017, 11th edition. 

2. Calculator: The student must bring a basic 4-function calculator to class.  Programmable calculators are prohibited.

3. MyAccountingLab must be purchased at the book store. http://pearsonmylabandmastering.com/

 

Performance Evaluation and Grading:

Student performance will be evaluated based on quizzes, 2 midterm exams, a final exam, and homework.  Tentative weightings are as follows:

 

Homework (MyAccountingLab)                                              50 points (est.)

Quizzes (in-class)                                                                    100 points (est.)

2 Midterm Examinations (100 points each)                           200 points (est.)

Comprehensive Final Examination                                        150 points (est.)

                                                Total                                        500 points (est.)   

 

Note:  The instructor reserves the right to modify the points if deemed necessary.

No extra credit is available.

 

During the term points will be recorded. At the end of the term, a final percentage will be calculated and final grades will be determined using the scale below:

 

Grading Scale Percentages: 


A  93 - 100    

A- 90 - 92

B+ 87 - 89

B  83 - 86      

B- 80 - 82

C+ 77 - 79

C  73 - 76

C- 70 - 72

D+ 67 - 69

D  63 - 66

D- 60 - 62

F    Below 60 


 

Homework and Class Preparation:

Homework will be completed using the on-line MyAccountingLab (MAL). Students are expected to purchase MAL at the bookstore – and to use it extensively during the course. This excellent on-line product has a Study Plan for each Chapter, which includes practice homework problems and quizzes. 

 

In addition, the instructor will be setting up homework problems (for points) for each chapter on MAL. These assignments will become available before each chapter is begun in class – and points will be earned for each assignment, which will have a due date.  Late assignments will not be accepted.

 

Students are expected to read the assigned chapter prior to coming to class.  Successful students should plan to spend at least 8 or 10 hours each week outside of class studying for this course.  Keeping up with assigned readings and the MAL homework each week is essential. 

 

Quizzes:  Approximately 10 (or 11) objective quizzes will be given during the term, typically one quiz per chapter.  All quizzes will be worth 10 points.  Quizzes will be gone over in class after all scantrons have been collected.  Consequently quizzes may not be made up for any reason.  Quizzes may be given at a variety of times during the class period. 

 

At the end of the term an average percentage will be determined based on the student’s top 8 quiz scores and that percentage multiplied by 100 possible points.  If a student misses more than two 10-point quizzes, a zero will be recorded for any missed quizzes in excess of two. 

The class schedule of events lists the tentative dates for these quizzes, but the instructor reserves the right to re-schedule them if deemed necessary. 

 

Examinations:

Two midterm exams and a comprehensive final exam will be given. These exams will be primarily objective in nature. Exams will be based largely on materials covered in class. However, you are responsible for all assigned reading material and homework. Multiple versions of exams will be used. Note cards are not be allowed for any exam. Students are required to bring a simple 4-function calculator to the exam. Programmable calculators or cell phones (or any other device with a camera) may not be used during exams or when an exam is later reviewed by the student.  No laptop computers or tablets may be used during exams or quizzes - and may not be used during class.

 

See the Schedule of Events for exam 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, 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 Midterm and Final Exam grades will be averaged.

 

Students may review the results of their exams in my office during office hours or during an appointment.  No more than two students are allowed in my office during their exam review.  

All exam materials will be retained by the instructor.  Any student who fails to turn in all or part of an exam (either on the day of the exam or later when the exam is reviewed by the student) will receive a score of zero on the exam.

 

Accounting Department Policies Regarding Exams:

 

Calculators:  No programmable calculators, cell phones, head phones or computers may be used during exams. Only departmental-approved calculators will be allowed. The bookstore sells simple 4-function calculators for under $5. No exceptions.

 

No Notes or Note Cards are 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.

 

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.

 

Canvas:

The course Canvas site will be used during the course to post exam scores, course documents, and handouts.  Final points for quizzes and homework will be posted at the end of the term.

 

Because the instructor will likely be sending out e-mail messages to students in the class, each student should plan to regularly check for e-mails. 

 

Attendance Policy:

Class attendance is required and will be taken most class periods.  Students are expected to arrive on time and to stay for the entire class period. If a student does not attend a class, s/he is responsible to make arrangements to get class notes and/or copies of handouts from another student in the class.  Students who attend class regularly tend to perform much better in the course than those who do not. 

 

Classroom Etiquette:

Please turn off your cell phone (or set it to vibrate) during class.  If you must take an emergency call, please leave the room to take the call. Smoking is not permitted in the building. Also, please do not bring food into the classroom. 

 

The following behaviors are considered improper conduct during class:  sleeping, completing assignments for another class, surfing the web, having side conversations with other students, and rude or disrespectful behavior toward others in the classroom. 

 

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.

 

See OSU Student Conduct code (576-015-0020) and http://studentlife.oregonstate.edu/studentconduct/offenses-0 for a comprehensive definition of academic dishonesty. All cases of suspect academic dishonesty will be handled in strict accordance with OSU policy and College of Business policy.

 

OSU Code of Honor:
A code of honor represents the moral commitments of those abiding to it. While each person lives by his or her personal code, the establishment of collective values creates a universal goal to which we can aspire. It is through the pursuit of these professional attributes that we reduce the possibility of immoral actions ourselves. In order to uphold our personal character and the organization that we proudly call our own, we take this oath.

 

Integrity: The quality of being honest and having strong moral principles, integrity stands as the backbone of character and is essential for success.

Respect:  Respect for others and yourself is a commitment to the fair treatment of and the fair competition with others. Through respect we embolden the character of others and ourselves.

Responsibility: We are held accountable for our words and actions as professionals to embed a steadfast commitment to honor in our decisions.

 

Academic Integrity:

Students are expected to conduct themselves in accordance with the highest standards of academic honesty.  Academic misconduct for which a student is subject to penalty includes all forms of cheating, such as illicit possession of examinations or examination materials, forgery, or plagiarism. (Plagiarism is the presentation of the work of another as one's own work.)  If a student is found to have cheated on an assignment, quiz, or exam, zero points will be recorded for that assignment, quiz, or exam.

 

Disability Accommodations:           

Accommodations for students with disabilities are determined and approved by Disability Access Services (DAS). If you, as a student, believe you are eligible for accommodations but have not obtained approval please contact DAS immediately at 541-737-4098 or at http://ds.oregonstate.edu. DAS notifies students and faculty members of approved academic accommodations and coordinates implementation of those accommodations. While not required, students and faculty members are encouraged to discuss details of the implementation of individual accommodations.

 

Note:  The schedule of events is subject to change at the discretion of the instructor.