College of Business

Accounting Department

BA 211: Financial Accounting

Winter 2007

                                            

Instructor:               Amy Bourne, C.P.A., M.S.A.

Office:                   310 Bexell Hall

Office Phone:            737-6064

E-mail:                  amy.bourne@bus.oregonstate.edu

Office Hours:            Monday & Wednesday 12-2pm

                           

Office Hours:

I will be more than willing to assist you during the course in understanding the course material.  It will be to your advantage to seek assistance as soon as you feel you need the help.  This class moves very quickly, and the material builds upon the prior information. Your understanding, of each issue, is critical to the successful completion of this course.  If you are unable to attend the “Office Hours” as listed on the syllabus, contact me via E-Mail and I will attempt to meet with you at a time convenient to both of us.

As for emails or blackboard postings, I will respond to emails within 24 hours except on the weekends.   I will do my best to respond within 48 hours on Friday, Saturday and Sunday. 

 

Catalog 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.

 

Prerequisites:       Math 111 and Sophomore standing.

Required Course Materials:

1.  Financial Accounting, Harrison and Horngren, 6th Edition, Prentice Hall

Class notes, homework assignments, homework solutions, and other related materials are available on Blackboard.

2.  Calculator: 4Function, no programmable calculators may be used for Exams.

3.  Paddles:  purchased from the professor or local drugstore (rip off the ball)

 

 

 

 

Opportunities for Success

 
 
Grading:          MIDTERM EXAM #1                         100 Points    25%

                             MIDTERM EXAM #2                         100 Points    25%

                            FINAL EXAM                                    120 Points    30%

                                    QUIZZES                                         40 Points      10%

                             HOMEWORK EXERCISES                  40 Points      10%

                             PROFESSIONALISM                         +-                 5%

                             TOTAL                                              400 Points    100%

 

All grades available via blackboard.  I will use the following SCALE in assigning grades at the end of the term:

 

                   A     360 - 400                       D       240-279

                  B     320 - 359                      F       Below 239

                    C     280 - 319

 

Examinations:

There will be three examinations, two midterms and a final.  See the assignment schedule for class 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 time, 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 Mid-Term and Final Exam grades will be averaged. 

 

Note Card: No note cards will be allowed for the Midterms or Final Exam.

 

Quizzes:

You will be given a short quiz before and after the lecture covering specific chapters.  The chapter quizzes will be multiple-choice and available via blackboard.  The purpose of the quizzes will be to introduce you to the material prior to class, and to assist your understanding of the material presented.  In order to be successful it is critical that you read the chapter prior to attempting the quiz or attending class.  The total points for all the quizzes will be 10% of the total grade, so do not take them for granted.  No make up quizzes will be given.  You will be given five (5) quizzes, worth 8 points a piece.  Thus, you can earn a total of 40 points for quizzes (5 * 8 points).

 

You will be given two (2) opportunities to take each assigned quiz.  The points earned will be different for each quiz opportunity.  You will be given the first REQUIRED quiz before the lecture (see schedule).  If you take the quiz at this point you will have the ability to earn 10 points (2 extra points).  You can then retake the quiz after the class lecture (see schedule).  The ultimate points you can earn for the second attempt is 8 points (which is 100% of the points).  IF you take the second attempt this will be YOUR FINAL GRADE on the quiz.

 

The quizzes are offered via blackboard and timed.

 

Professionalism:

Part of your course grade will be determined by your professionalism.  The class’s collective learning depends on the professionalism of the individuals in the course.  Professionalism includes attending class, arriving on time, staying for the entire class period, appropriate questions and comments, turning cell phones on vibrate, being prepared for class, etc...  You may arrive to class late, leave early, or have your cell phone on IF you LET ME KNOW.

 

Treat the course the same way you would complete an assignment.  Treat your classmates and Instructor as you would a professional colleague.  Think of class time as an important business meeting. 

 

Attendance:

Attendance is critical to your ability for understanding and be successful in this course. Class participation will not only increase your understanding, but will assist the knowledge and understanding of all students in the classroom. Therefore, I reserve the right to adjust grades based on class attendance and participation.

 

Important Dates:

Last day to drop a class by web: Friday, January 19

Last Day to Withdraw with a grade of “W”: Friday, February 23

Final Exam: 7:30am, Monday, March 19 (Group Examination)

 

Tutoring:

Tutoring is available, free of charge, by Beta Alpha Psi.  Time and location will be announced in class and via blackboard.  They will have solutions to the exercises in the back of the chapters.

 

Cheating:

Copying another student’s work is considered cheating.  This is true whether it is homework, a project, a quiz or an exam. If you are caught cheating you are subject to receiving an “F” for the course.  DO NOT CHEAT.  Also, please refer to Rule 15 in the Schedule of classes for guidelines regarding academic dishonesty.

 

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.  Currently, only simple 4 function calculators and financial calculators such as the TI BA series are approved for exam use.  The bookstore sells simple 4 function calculators for about $4. 

·         NO NOTES will be 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.  If you are unable to take an exam for a legitimate reason acceptable to the instructor, your final exam will be given additional weight proportional to the missing exam score. 

·         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.

Extra Credit: Extra Credit is at professor’s discretion based on activities during the semester.

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 INTEGRITY

Students are expected to follow University [http://oregonstate.edu/admin/stucon/achon.htm] and College policies.  

 

 

 

 

                   

 

 

 

 

 

 

 

 

 

                         

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tentative Class Schedule     

* Class Dates      BOLD signifies due dates of quizzes not necessarily class dates

 

Date           Chapter                Assignments, Quizzes and Exams

Jan 8*              Chapter 1                      Read Chapter 1 & 2

Jan 10*            Chapter 2                    

Jan 15*                                                Martin Luther King Jr’s Holiday

Jan 17*            Chapter 2

Jan 19*            Chapter 3                    

Jan 22*            Chapter 3                    

Jan 23                                 C1:  E3-2. 4, 6

Jan 24*            Chapter 4

Jan 26                                 C2 & 3:  Accrual Paper (instruct on BB)

Jan 28                                 Quiz #1 – Chapter 5 (1st attempt)

Jan 29*            Chapter 5

Jan 30                                 Quiz #1 – Chapter 5 (2nd attempt)

Jan 31*            REVIEW

Feb 5*                                                  Mid-Term Exam #1 ---- Chapters 1-5  

Feb 7*              Chapter 6                    

Feb 9                                  C4: E6-2, E6-8

Feb 12*            Chapter 6                    

Feb 13                                                 Quiz #2 – Chapter 7 (1st attempt)

Feb 14*            Chapter 7

Feb 15                                 Quiz #2 – Chapter 7 (2nd attempt)

Feb 19*            Chapter 8

Feb 20                                 C5: E8-12, P8-6a

                                        Quiz #3 – Chapter 9 (1st attempt)

Feb 21*            Chapter 9                    

Feb 22                                 Quiz #3 – Chapter 9 (2nd attempt)

Feb 26*                                                Mid-Term Exam #2 ----- Chapter 6-9

Feb 27                                 Quiz #4 - Chapter 12 (1st attempt)

Feb 28*            Chapter 12

March 1                               Quiz #4 – Chapter 12 (2nd attempt)

Mar 4                                  Quiz #5  - Chapter 13 (1st attempt)

Mar 5*             Chapter 13

Mar 6                                 Quiz #5 – Chapter 13 (2nd attempt)

Mar 7*             Review

Mar12 – 16        Dead Week

Mar 19                                                  Comprehensive Final Exam (7:30am)

 

 

 

 

 

BA 211: Financial Accounting

 

Topic                      Reading Assignment      Exercises & Problems

                                                                                                           

The Financial Statements      Chapter 1         E1-7, 4, 9,

                                                       E1-10, P1-3B, 4A

 

Transaction Analysis            Chapter 2         E2-3, 4, 5,

                                                       P2-2B,6A

Using Accrual Accounting

To Measure Income            Chapter 3          E3-1,6,11, P3-2B     

Internal Control and                                                        

 

Cash                             Chapter 4         E4-2, 5, P4-3B,                                                                                                                                                                                     

             

Short-term Investments    

And Receivables                 Chapter 5        E5-5, CP5-6,

                                                       E5-3,6,8,10,16 P5-1B  

                    

Merchandise Inventory        Chapter 6          E6-3,5,11,

And Cost of Goods Sold                             P6-3B                            

                                                                                                       

Plant Assets, Natural          Chapter 7        E7-2,3,4,6,10,12

Resources and Intangibles                          P7-5B, 3A 

            

Current Liabilities              Chapter 8         E8-2, 4, 6

      (Pages 363-371)                              E8-9, P8-1B

Time Value of Money           Appendix C        CP8-11, E8-10, 12

Long-Term Liabilities         

       (Pages 372-391)                             E8-17, P8-2B, 6A

 

Stockholders’ Equity            Chapter 9         E9-2,3,6,7,10,12                                                                                                     P9-8A,10A

 

Statement of Cash             Chapter 12        E12-2, 6,8,10,14

Flows (Indirect)                 (Pages 546-563)               

                                                                                                       

Statement of Cash              Chapter 12              E12-9 E12-11,  

Flows (Direct)                                       P12-3A,4B,5A,6A,9B                  (Pages 564-574)              

                                                                                                                          

Financial Statement                                 E13-2, E13-4

Analysis                         Chapter 13        E13-7, 8, 10, P13-2A