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Oregon
Summer Term 2008 (4 credits)
Prerequisites: Math 111 and Sophomore
standing.
Instructor: Carol Brown
Office: 428 Bexell Hall
Phone: 541-737-3309 or
541-302-1920
E-mail:
carol.brown@bus.oregonstate.edu (note:
there are two Carol Browns at OSU. Look
for the – COB after the name to get me)
Office Hours: Monday – Thursday 9:30 – 10:30 am, immediately
after class by appointment (just tell me in class). Note: Office hours may change due to
committee meetings.
Beta Alpha Psi Tutoring Hours: 8:00am-10:30am on Wednesdays and Thursdays
Class TA: Steven Bergman: bergmans@onid.orst.edu
Required
Textbook: Financial Accounting,
OneKey to accompany the text. Class ID: brown47205
Class notes, example problems and
other related materials are available on 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 4 credit hour class will be conducted
primarily through lectures and working example problems in class. While there are no formal prerequisites for
the class you should have a working knowledge of basic algebra.
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
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 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.
Class
Attendance and Preparation: Class attendance is essential for
success in this course. In the event you
need to miss a class, you must make the necessary arrangements to find out what
you have missed. No make-up of chapter exams
will be allowed. Any students who miss three chapter exams will receive a grade
of “F”. If you miss a chapter exam for
a reason acceptable to the instructor then the weight for that exam will be
placed on the final.
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, quizzes, and 3 examinations. Course grades will be calculated
according to the following weights:
|
|
Points |
Percent |
|
Homework assignments |
40 |
10% |
|
On-Line Quizzes |
40 |
10% |
|
Chapter Exams |
200 |
50% |
|
Final Exam |
120 |
30% |
|
|
400 |
100% |
You
may earn up to 5 bonus points for correcting errors I make during class or in
the written materials I provide you during the term --one point per error. Only the first person to point out the error
earns the point.
No
extra credit will be offered during the term.
Homework
Assignments: Each
exercise is worth 1 point and each problem is worth 2 points. 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. The due date of each assignment is specified
in the class outline. Homework will be completed and graded on-line. There are approximately 51 points available
for you to earn. A maximum of 40 will be
included in your grade calculation. No
late assignments will be accepted without the instructor’s approval.
Quizzes: There
will be an online quiz for each chapter. The purpose of these quizzes is to
encourage you to read the chapters and class notes carefully and be well
prepared for class. Each quiz will be
worth 4-5 points. There will be at least
50 quiz points available of which you can earn a maximum of 40 which will count
towards your grade.
Examinations: There
will be one in-class closed-book examinations for each chapter. Each exam will be approximately 14-16 questions.
The final exam will be comprehensive with approximately 50 multiple choice
questions.
During
exams, students may only use a basic 4 function calculator. 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: 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.
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. Students are expected to follow University [http://oregonstate.edu/admin/stucon/achon.htm] and
College policies.
Discrimination or
Harassment: Discrimination or harassment will not be
tolerated in the classroom. Most cases of discrimination or harassment violate
Federal and State laws and University Policies and Regulations. Intentional
discrimination or harassment will be referred to the Affirmative Action Office
and dealt with in accordance with the appropriate rules and regulations.
Unintentional discrimination or harassment is just as damaging to the offended party, but it usually results from people not understanding the impact of their remarks or actions on others, or insensitivity to the feelings of others. We must all strive to work together to create a positive learning environment. This means that each individual should be sensitive to the feelings of others and tolerant of the remarks and actions of others. If you find the remarks and actions of another individual offensive, please bring it to their attention. If you believe those remarks and actions constitute intentional discrimination or harassment, please bring it to your instructor's attention.
Tentative Class Schedule
|
Week |
Class Meeting |
Class Contents |
Chapter Exam |
Before-class Approximate Assignments Due Dates |
|
1 |
June 23 |
Chapter1: Financial Statements |
|
|
|
|
June 24 |
Chapter 2: Processing
Accounting Information |
1 |
C1: E1-10; P1-4A. C2a: E2-4 |
|
|
June 25 |
Chapter3: Accrual Accounting
and the Financial Statements |
|
C2b: P2-6A. C3a: E3-2 |
|
|
June 26 |
Chapter 3 Continued |
2 |
C3b: E3-4; E3-6 |
|
2 |
June 30 |
Chapter 4: Internal Control and
Cash |
3 |
C3c: P3-7A C4a: E4-6 |
|
|
July 1 |
Chapter 5: Short-Term
Investments and Receivables |
4 |
C4b: E4-2. Ch4c: P4-4A. C5a: E5-6 |
|
|
July 2 |
Chapter 6: Merchandise
Inventory and Cost of Goods Sold |
5 |
C5b: E5-8.
C5c: E5-10; E5-16 C6a: E6-2; E6-8 |
|
|
July 3 |
Optional Review Day |
|
|
|
3 |
July 7 |
Chapter 7: Plant Assets, Natural Resources, and Intangibles |
6 |
C6b: P3-6A. C7a: E7-2 |
|
|
July 8 |
Chapter 8: Current and
Long-Term Liabilities and Appendix C |
7 |
C7b: E7-4; E7-10. C7c: P7-3A C8a: E8-12 |
|
|
July 9 |
Chapter 8 continued Chapter 9: Stockholders’ Equity |
|
C8b: P8-6A C9a: E9-2 |
|
|
July 10 |
Chapter 9 continued Chapter 12: Statement of Cash Flows |
8 |
C9b: E9-6; E9-10. C9c: E9-12. Ch9d:
P9-8A C12a: E12-2 |
|
4 |
July 14 |
Chapter 12 continued |
9 |
C12b: E12-8; E12-10; E12-14 C12c: P12-3A |
|
|
July 15 |
Chapter
13: Financial Statement Analysis for Decision Making |
12 |
C12d: P12-5A C12e: P12-6A |
|
|
July 16 |
Chapter
13 Continued |
13 |
C13a: E13-2; E13-4 C13b: E13-8; E13-10 C13c: P13-2A |
|
|
July 17 |
Final Exam |
1-9,12,13 |
|
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.